Hi Peter

No probs :-)

1) You can claim the cost of stamp duty against your income. You can do this during the financial year that you make your purchase. So if you purchased a property this financial year and the duty was $20k – then you’d claim that $20k as a deduction when you do your 16/17 tax return. However – all investment properties in…[Read more]

Hi Peter

No probs :-)

1) You can claim stamp the cost of stamp duty against your income. You can do this during the financial year that you make your purchase. So if you purchased a property this financial year and the duty was $20k – then you’d claim that $20k as a deduction when you do your 16/17 tax return. However – all investment…[Read more]

Thanks Benny & Jamie.

@Jamie, could you please clarify ‘You can claim stamp duty in the first year of ownership – but the downside is that there’s land tax.’ and highlight the differences between NSW and Canberra.

‘Preferably in established areas – and if funds allow – close to the CBD (inner North and South).’ Can you suggest some suburbs…[Read more]

Yes.

Cheers

Jamie

@Benny, @Jamie, Are you investors?

I was when I was using Nick – now semi-retired, but still interested in property…. You never know what might suddenly pop up. ;)

Benny

cheers guys.
@Benny, @Jamie, Are you investors?

@Jamie, thanks for your article on IO loan for PPOR intention for my place to be an investment property in future. Good to know these tactics.

@Terry, thanks for your examples, great to know the insights before delving in at the deep end.

@Alistair, good article, learning heaps from you guys.

Cheers

zen

Great spreadsheets @Rick and @Jamie.

Cheers.

Yes blast from the past!! @Jamie and Richie…. haha ….like reading stuff back then.

Thanks Terryw, appreciate your comment.

I’m in the process of purchasing my very first IP to be settled in August and will get a depreciation schedule done before tenants move in and give to accountant after July 2017 I presume? Enjoying the process and…[Read more]

@jamie moore
How can I find these posts of them , im interested to read

@benny
Hi benny I will look through that thread now , thanks your very helpful !

@jamie
Hi jamie im looking to buy in brisbine

@Jamie, I think you misread the post.

This isn’t the 1 weeks rent+gst for “finding the tenant” this is a new fee that I saw an agent trying to introduce for 1 weeks rent for “renewing” the lease + the $33 lease prep fee.

So basically for “coming up with the renewal price” and 20-40mins spent calling the tenant asking them to resign a new…[Read more]

Dear All

@Jamie, looking at 3 different agents for 3 cities. Also a mortgage broker as well as my banker in HK said the bank we have been using may stop offshoring loans in the near future.

@JPfinancialgroup – can you private message me?

@Redwood – our strategy is very simple, buy and hold. I would like to buy within 10kms of CBD.

I would…[Read more]

@jamie

Thanks for your response.

We haven’t discussed yet on the loan structuring; it was a very preliminary discussion to understand my limits with further borrowing.

Thanks for your suggestion; will certainly get further opinion.

Jimmy86 wrote:

A good financial adviser would look at your whole situation. Not just try to find you the best loan like a mortgage broker.  
@Jamie M – true, however on the flip side, I highly doubt a mortgage broker would ever advise someone not to take out a mortgage… where does their income come from? and a Mortgage broker cannot give any…[Read more]

No problem.

A good financial adviser would look at your whole situation. Not just try to find you the best loan like a mortgage broker.  
@Jamie M – true, however on the flip side, I highly doubt a mortgage broker would ever advise someone not to take out a mortgage… where does their income come from? and a Mortgage broker cannot give any…[Read more]

All, thanks for sharing your thoughts and comments on this topic. It has been quite insightful to see all the different issues with a combination of knowledge and soft skills. 

@wilko1 – good point, you will only learn by making mistakes and grow from there. You sound quite experienced, I would like to know what your biggest issue these days…[Read more]

Thank you all for taking time to read my post. I appreciate your feedback and advices.

@Shahin – I still consider investing on areas near I live (Liverpool, west Sydney). If the numbers are better interstate, I'm keen to go ahead with that too. Cheers!

@Jamie M – BA is at the top of my list if i am to invest interstate. I am focusing on research…[Read more]

weetbix wrote:

@Jamie – The cash is only for the initial deposit, not to purchase outright.

OK – have a chat with your broker/banker about the cost/benefits of using a larger/smaller deposit on each purchase.

Personally, I'm a fan of using smaller deposits for IPs and leveraging more of the banks money. But everyone's circumstances are…[Read more]

Hi Guys,

Thanks for your responses guys!
@RPI are there more options than just investing in your name? Setting up a company?
@TFS – Thinking of a diverse range of IPs. Start off with 1 new and and then 1 old (or vice versa). Overall strategy is buy a couple of properties, ride out the current slump, and then buy a couple more in 5-7 years.
@Jamie…[Read more]