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Can you provide the details of the dates your seminars and how do we put an interest in for attending?
Linda
We have an acreage block with barbed wire fencing – the whole area is post and barbed wire as it is rural residental and most horse country. The neighbours have a dog that keeps escaping and they ahve decided they wnat to replace the fences with cliplock fencing and want us to pay half the cost
Does anyone know what our position is on this – do we have to do as they ask just because they want a new fence to keep thier dog in?
Linda
Hi thought I might put my 2 bobs worth'” in here
Went to Margaret Lomas seminar the other night and it seems that she and Steve have a diffferent explanation for these 2 terms and this may be why the confusion.
My understanding is that Steve explains positive cash flow as a basic calculation (before tax bebefits)of the weekly profit of owning the property i.e. rent received – loan repayments = positive result and money in your pocket.
This is a very basic explanation.Whereas Margaret definitely sees this as positive gearing and her explanation of positive cash flow is money in your pocket when you have taken into consideration the tax benfefits of depreciation.
ie rent received + tax reduction due to depreciation allowances – loan payment – money in your pocket. Hers is based on the help of the tax benefits of depreciation and reducing your personal tax accodingly.Hope this helps
Thanks everyone for the resonses – food for thought. I have to say “Dazzling”your reply was just that – dazzling – I hadn’t thought about commercial property as being the big winner – outside of my very small comfort zone. It has really got my mind working. Am i right in understanding everyone – best recommendations are saying to pay off the mortgage (not tax deductibe) and boorow for th IP (is tax deductibel)?
What a great place this forum is.
