Forum Replies Created
Hi Mja,
I’ve been through the hassle of building your own house. I didn’t really like the experience, but the end result seems worth it. Mind you, went with a project home coz cheaper so maybe you’ll be different.
My personal opinion about some of the issues you raised are:
air-cond: I have ducted, and not too sure about split system, but when ducted motor goes, no air cond! Real pain.
power points: Always not enough. But the extra ones in odd positions kinda look silly. Remember that after a while, you change/move furniture, etc.
flooring: only have wood. Personal preference really.
spas: don’t know about added value but don’t use it after a while. Much like the balcony. Looks good though.
Ceilings: I have the 9ft ceilings and because I’m tall I think they’re great!
Alarm system: Got one of those infra red remote ones. Never use it because the remotes run out of battery. More convenient IMHO to get a panel in the wall – always remember then!
Hope that helps
I’m with Techno and others about the online internet bank account. Obviously Bankwest is ahead with 6%. The other thing she should consider doing is to salary sacrifice $1000 towards super if she is a low income earner as the govt matches $1500. She can’t touch that money, but considering that over the rest of her life with compounding, you can’t go wrong!
JKM,
Great link. How often do you find properties like those? I have to say I was more than a little shocked when I looked at the numbers. Totally bamboozled comes closer to describing it.
Is it just that I’m not looking hard enough? Or do you have better techniques in finding properties with numbers like this one?
Thanks!
By this I gather you’re asking is it possible for a company to claim a tax deduction for the cost of property purchases.While there may possibly be some special situations for certain types of businesses (although I can’t think what), I would say in general no.
As I understand it, the purchase of anything used by any business to be income producing is tax deductible. In my own business, any business expenses I have, are paid from any income generated. The difference is profit, which is taxed. Hence, pretax dollars. If your business is setup up as a property investing business?
In any case, I’m no tax expert, so this is the blind leading the blind I’m afraid. No more tax talk from me!
Funnily enough, my personal thoughts are against buying in a company structure. I just wanted to point out a possible advantage.
munjy
Instead of working a 2nd job to pay for renovating your IP or PPOR, why not do them yourself? That’s if you’re handy enough.
Personally, I’m not creative or imaginative enough to invest to create wealth. I need to trade time for money. So I do longer hours/overtime to try to get ahead as opposed to a 2nd job. I feel that you need a certain amount of equity to start with – especially with property investing.
Regards
This may be way off base, but is it possible for a company to use pretax dollars to purchase property as opposed to individual investors who must use posttax dollars? Even if this was the case, the company would have to have large amounts of cashflow to make this worthwhile.
Hi Surrey,
Thanks for your input. Never really thought about it like that. I just thought that if we qualified, then, yeah, we should take it. I mean, many richer people who buy multi-million homes use it, so why not me? Furthermore, it will be my home and her home – but only for a time. I didn’t really want to bring up any moral issues, but thanks for the reply.
Regards.
