Hmmm…I would suggest replying to the email they sent you and explain your situation.

support@propertyinvesting.com I think it is. Should be no trouble to sort out.

Cheers

I believe it’s all about spreading your risks. I would think the chances of 100+ properties all being vacant at any one time is pretty slim.

As I’ve been told many times, it’s better to own 5 * $100k properties than 1 * $500k property. This way if one property is vanacnt you still have an income stream.

Cheers

quote:
Hi Steve,

I am a ‘newby’ and would like to purchase your book, but can you tell me if the book will cost $29.95 or $20 under you ‘Special Offer’ of paying the postage and handling costs.[|)]

The book is $29.95 including P&H. If you were to purchase from a book store it would cost you $29.95 anyway..so P&H is free as…[Read more]

Congratulations Steve!

Just ordered my copy. Can’t wait to have a read.

Cheers

Hi,

Stamp duty and conveyancing costs are “added” to the purchase price for the purposes of CGT in the event you sell the property. There is no direct tax deduction available on these items.

Borrowing costs such as Mortgage Registration and Establishment Fees are deductible over the life of the loan or 5 years, whichever is the shorter.

Cheers

As I understand it, Joint Tennants = 50/50 split regardless of who pays the loan/expenses. So if you were to pay 2/3 costs you would only be entitled to claim 50% of borrowing expenses/interest and so on and 50% of the income.

A better arrangement for you may be ‘Tennants-in-common’ where you can specify who owns what. So you on and pay for 2/3…[Read more]

Hi,

Colstu has a point about purchasing a property (IP or not) in you posting locality. If you purchase a property within 35km (I think that’s right) of your base then you are expected to live in it. That is, if you are entitled to a 3 bedroom house and you purchase a 3 or 4 bedroom property in locality, then you are expected to live in it or…[Read more]

Hi Steve.

The books for sale from this site….will they be listed on the ‘Resources’ section?

I haven’t been able to find it in a bookstore up here in Darwin yet.[]

Thanks

Thanks Steve!

quote:

We’re coming up to 10,000 members and I only have 1,000 copies allocated to me.

Hi Steve,

Are we able to register for a copy?

Ah []

SMSF [?]

Hi,

Have a look at this thread….

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=1275

It talks about the types of insurance involved with IP…..building, contents, landlord.

Cheers

Hi,

There are many structures available for purchasing an IP, some of which you mentioned. Discretionary Trusts or Hybrid Discretionary Trusts have been discussed many times on this forum. I suggest you do a search for these topics and have a read.

BTW, I’m looking to set up a Trust for my IPs, just need to source a little more info. Most of the…[Read more]

I’m speechless!

[:0)][:0)][:0)][:0)][:0)][:0)][:0)][:0)]

You must be joking!?!?!

[:0)][:0)][:0)][:0)][:0)][:0)][:0)][:0)]

Hi,

If you purchase the property together as co-owners then there are two ways you can legally arrange the purchase.

Joint Tennants – legally you will both own 50% of the property regardless of who pays for what. In this case you both are able to claim for 50% of costs, even if your father pays for the reno.

Tennants-in-common – legally you can…[Read more]

Thanks Stu.

I assume that the Section 32 is one of the searches carried out by your solicitor?

Hi,

Could someone please explain the Section 32?

Thanks.

I agree…..put excess cash flow off the non-deductible load (investment) to clear this debt ASAP. This will also help you to generate some equity. This leaves the tax deductible loan to generate the extra cash flow.

Is the commercial property producing a +ve cash flow?

Yes, to allow you to claim expenses on an investment, the property must produce some sort of income. (the deductions are to offset the income produced by the property)

I believe you can start to claim expenses once you have built the house/unit/whatever and it is made available for tennants. ie: it is available to produce an income.

Someone…[Read more]