as i said, i wait to be corrected but my understanding is that if your income is less than $75,000 (that is the new threshold i think, it was $50,000) you can register for gst, buy the property, deregister and claim it back. that was the advice that i was given in 2002 when i bought an industrial but i didn't deregister as the rent was…[Read more]

doesn't the money that you input from your pocket get carried over as a loss against the profit?

i may be wrong but as i understand it, you would have to pay gst to purchase the property. if your income from rentals is less than $75,000 you don't have to be registered/pay gst . however, i believe that you can still register, claim back the gst that is payable on purchase and then deregister after purchase.can someone correct me if i am wrong…

thanks for your detailed reply houseimp. i'll let you know what i think.grace

thanks for your comments. that’s exactly what i was after; an opinion from someone unconnected to MA. just for the record, i always enjoy reading your posts; they usually display knowledge and wisdom.
thanks
grace

wealth 4 life; congrats mate. it is really good to hear someone who is doing well or who has had a win. it is really encouraging.my sale went unconditional last friday. the buyers hadn't wanted a subject to finance clause in the contract but their bank insisted. today i learned that they were knocked back for finance. they were certain they would…[Read more]

hius property purchase has been my intention for some time as, on paper, they seem to pay for themselves, allowing further accumulation of property.i have been looking at southern texas which has had steady population growth and is still quite cheap to buy into. i have been looking at apartment complexes. i dismissed northern america after lots of…[Read more]

what are you painting? that determines what kind of paint you need, the application etc.basically, use waterbased acrylics for everything, (those that wash up in water), at least until you have some experience under your belt. enamels paints (those that wash up with turps) are heavier to apply and need more careful application that the lighter…[Read more]

original sinner, that's just beautiful. i'll flick it to barry j (grew up in kingaroy, 74 yr old dad lost several fingers this year in a farm accident), who is living in thailand… think he'll laugh as much as i did.

hia quick call to the student advisor for international students at the uni/s near you will point you in the right direction. they will actually inspect your property to see if it fits their criteria. if the uni approves it, it may be possible to allow them to administer the properties. at least that's what you can do here in ballarat. that…[Read more]

you said you can get 2 for $260,000? is that a misprint? prices for a unit are pretty high in that area.

hi henryyes i did eventually receive the ebook. the author apologised  and said that she had been overseas. i did post it on this forum or thought i did but it must have been lost in the ether.are you looking at investing in the states?

Warning; don't buy us investing ebook advertised here. to my great chagrin, i sent off the $30 for this ebook  last week (advertised on this site) and have not received it or even a reply to several emails chasing it. Appears to be dodgy……this was the listing;Hi Alan,           I have invested in the US Property Market and I have also writte…[Read more]

are there other agents in the area that you can approach with questions about tenant availability? has your agent started advertising the property yet (even if it is just listed at his office for walk-in apps), and if not when does he expect to? if i had an agent with a residential that was empty for 3 months, i'd be seriously concerned to the po…[Read more]

check your inbox, i've sent you a private message

where in the states have you bought? i am much the same position as you are and i am looking at going to the states on and off  long term.

thanks for that. so just to clarify, if i already own property and have no other job, if i go to the states with the intention to investigate the purchase of property, i should be able to claim most of the costs?

hii would like to an answer to this question also. i have heard that if you go on one of those international property hunting trips (such as texas) that they can be classed as having an educational purpose, meaning that the costs of the trip can be claimed. is this a furphy?also, i have never heard of travel costs to see a property before it is…[Read more]

hifor what it is worth, i would never take one agent's word for an evaluation unless i knew them well and trusted them. is the regional area large enough to support other agents? if so, go there and go to meet other agents. don't give out too much info about you but ask questions and get a gut feeling for who to give it to for sale. also, i never…[Read more]

go for that one scottybe. i’ve got commercials and the only costs on what you have said are management and building insurance. depending on your state and your lease arrangements, sometimes the tenant pays that, sometimes the owner and sometimes it is split.

having a blue chip tenant (bank?) on a long long lease is fab. if the tenant is not a…[Read more]