cataldop replied to the topic Can I put solar panels on my investment properties and collect $0.60 per Kwh? in the forum Creative Investing 14 years, 2 months ago
This a holiday rental, therefore we are the ones already paying for the gas & electricity and so we can't easily raise the rent
cataldop replied to the topic Can I put solar panels on my investment properties and collect $0.60 per Kwh? in the forum Creative Investing 14 years, 2 months ago
All I have to go by at the moment is 2 weeks data from 15th July to 31st of July for which during that time (It is winter after all) the current average daily output is 6.91KWh, therefore if I was working to your scenario the calculation for summer was actually be more like 9KWh per day x $0.66 x 90 days, so I have tried to be conservative by…[Read more]
cataldop replied to the topic Can I put solar panels on my investment properties and collect $0.60 per Kwh? in the forum Creative Investing 14 years, 2 months ago
Recently had a 2.09KWh system installed by Nu Energy but it's not offically connected to the grid yet by Tru energy as apparently the paperwork has gone missing.Based on the inverter data logging, the system has averaged 6.91KWh per day (Quoted an average of 6.76KWh per day) in the last 2 weeks of July (14 days) so I'm guessing that I might get 8…[Read more]
cataldop replied to the topic Conflicting advice for 2 different accountants regarding upcoming capital gains tax bill in the forum Legal & Accounting 14 years, 2 months ago
I had pretty much already factored in to my calculations at the time of selling that I would be paying some of my profit to the ATO but just wanted to explore my options. Thanks to all of you for your feedback.
cataldop replied to the topic living off equity in the forum I think it all comes down 14 years, 2 months ago
I think it all comes down with what you are comfortable with. If you are able to currently organise a LOC for lets say $550000 (5 x $100k plus interest) then this would buy you 5 years worth of income and provided that as you say you properties are in high growth areas, then in 4.5 years time you could then try to re-finance and if the bank says n…[Read more]
cataldop replied to the topic Conflicting advice for 2 different accountants regarding upcoming capital gains tax bill in the forum Legal & Accounting 14 years, 2 months ago
Thanks Mr 5o1,My estimated CGT bill is $20 – $25K and based on the feedback I have recieved so far I'm not sure I can pay my tax bill from the LOC because based on what I have read in the past the ATO does not really consider property investing a business unless it is a persons main source of income.
cataldop replied to the topic Conflicting advice for 2 different accountants regarding upcoming capital gains tax bill in the forum Legal & Accounting 14 years, 3 months ago
Thanks Greg.The reason I would like to keep the all of profit if possible is so that I can renovate my home PPOR or buy a bigger home without having to take out a mortgage (E.g. Non deductible interest).Thanks Matt.I understand your point about "the business of investing in real estate" and as this is a once off and I am currently employed fu…[Read more]
cataldop replied to the topic Can I put solar panels on my investment properties and collect $0.60 per Kwh? in the forum Creative Investing 14 years, 9 months ago
It seems that if the above feed back is correct that I can only make it work on one of the properties that I own at Loch Sport, on the Gippsland lakes as it is a holiday rental (booked for 6 – 10 weeks per year) and as we are the ones that pay for the electricity not the holiday makers. For the majority of the year when the property is…[Read more]
cataldop replied to the topic Can I put solar panels on my investment properties and collect $0.60 per Kwh? in the forum Creative Investing 14 years, 9 months ago
Thanks for the feedback guys.I called Tru energy yesterday and although the person I spoke to wasn't 100% sure of my question, he was leading towards the "power from solar panels will be offset against usage" as you have both stated.I know of an electrician that installs the solar panels and he thinks it is possible to get paid directly so I'll…[Read more]
cataldop replied to the topic Structuring my accounts! Finance Brokers please help! in the forum Help Needed! 17 years, 2 months ago
Depending on the size of your LOC used for you investment property, you can theoretically and legally charge your loan interest to the LOC account for a period of time provided you have enough equity and then use the rent generated from the IP to purchase you personal item(s). You need to be confident that the extra interest and loan balance…[Read more]
cataldop replied to the topic Kitchen Benchtop Renos in the forum Value Adding 17 years, 2 months ago
If you are in Melbourne, Allboards on Dorset Rd, Boronia sell bench top offcuts and you can have them cut to size for a small fee.I spent $40 on 2 pieces of small bench top which made a big difference to the look of the kitchen upgrade
cataldop replied to the topic Westpac and Defence Force Housing in the forum No Subject 18 years, 7 months ago
As you have pointed out Steve, the prices are over inflated and the fees are high. This would represent a safe investment for someone starting their investment portfolio, however the returns are low (Not close to positive cashflow) and I believe you can only sell the property back to the DHA at the price they agree too. There is no room for…[Read more]
cataldop replied to the topic Book Intro… What Do You Think? in the forum No Subject 21 years, 7 months ago
Sounds good so far. I am looking forward to reading you book as there doesn’t seem to be any books out there that teach peolple about positive gearing. I have read books about negative gearing and books about paying of your investment in 2 to 3 years with the odd theoretical chapter thrown in about positive gearing. I need to concentrate on…[Read more]