Replies Created | Forums | Dogmersfield

Forum Replies Created

Viewing 5 posts - 1 through 5 (of 5 total)

Dogmersfield
Member
@dogmersfield
Join Date: 2011
Post Count: 5
August 27, 2011 - 3:16 am
You would have gone into these investment with a 10 year view i would imagine, if you purchased even 6 years ago you should be happy or if you’ve purchased more recently then you have obviously taken advantage of the downturn and seeing it through and riding it out will be well worth your while.
Dogmersfield
Member
@dogmersfield
Join Date: 2011
Post Count: 5
August 27, 2011 - 3:15 am
I guess it is a bit off topic, but I thought that some property investors would be keen to hear my thoughts on properties advertised through sites like these. Don’t get me wrong, I’ll still go through gumtree in my search for an apartment, but I’ll be vary wary.
Dogmersfield
Member
@dogmersfield
Join Date: 2011
Post Count: 5
August 27, 2011 - 3:15 am
Use another agent, and ensure the property is presented in it’s best state.Let the agents know that if you move quickly, you can make more money on another opportunity and can share some of that as extra commission or a slight reduction in price if you like it that way.
Dogmersfield
Member
@dogmersfield
Join Date: 2011
Post Count: 5
August 27, 2011 - 3:13 am
Hi…
The expenses for the reno and stamp duty would not be deductible outright. The stamp duty would be a cost to be claimed against a capital gain when you sell, and the reno would be depreciated costs. So you wouldn’t have such as large tax deduction as you may have expected. This may mean the property won’t be making a loss.
Dogmersfield
Member
@dogmersfield
Join Date: 2011
Post Count: 5
August 27, 2011 - 3:12 am
Definitely a lot more tricky and risky than residential, but if you get the right one and the right tenant, can be very profitable.
We also have the luxury of acting for tenants to commercial properties, and sometimes run into a landlord that needs a good beating as they ask for everything under the sun just to get into their property.