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  • Profile photo of nightelvesnightelves
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    @nightelves
    Join Date: 2010
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    August 3, 2010 - 9:08 am

    It still works out to be the same anyway unless the LOC is charged at a lower interest.

    LOC: ($95,000*0.05) = $395.83pcm

    Profile photo of nightelvesnightelves
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    @nightelves
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    August 3, 2010 - 8:58 am

    Hi Terry,

    I get the idea of avoiding cross-securitisation by taking out a LOC against your PPOR. But by doing this won't you essentially by paying two more interest on you PPOR?

    Eg
    Current PPOR Value: $300,000
    Loan remaning on PPOR: $150,000
    Equity: $150,000

    Investment property: $400,000
    Loan: $320,000
    Contribution: $95,000

    Therefore:
    Remaing Loan on PPOR: (95,000+150,000) = $245,000

    Lets say interest was at 5%.

    Old loan on PPOR = (0.05*150000)/12 =  $625pcm
    New loan on PPOR = (0.05*245000)/12 = $1025.83pcm

    Please enlightened me as I'm fair new in this area. If you can provide me with an example that would be fantastic.

    Thanks

    Profile photo of nightelvesnightelves
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    @nightelves
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    August 3, 2010 - 12:33 am

    It doesn't actually give you the price range unless you purchase the rpdata

    Profile photo of nightelvesnightelves
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    @nightelves
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    July 26, 2010 - 12:15 pm

    When you say you have a compensation for an accident do you mean a lump sum that’s paid out or monthly income? Bottom line is it comes down to whether you can service the loan or not since you can no longer work. Also check whether your super fund covers you for income protection.

    Profile photo of nightelvesnightelves
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    @nightelves
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    July 21, 2010 - 5:37 am

    Sorry just needed some clarification. Positive cashflow vs positive income are they considered the same thing? Would love for someone to give me an example.

    Profile photo of nightelvesnightelves
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    @nightelves
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    July 21, 2010 - 3:03 am

    Hi duckster,

    thanks for the research. I assuming that if the accelerated depreciation was removed in 1999 then we would still be eligible for depreciation(not by much though). Does accelerated depreciation apply for capital works? One would assume that it would be useless to get a depreciation schedule from a quantitative surveyor now right?

    This forum has been very helpful. Keep up the good work guys.

    Profile photo of nightelvesnightelves
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    @nightelves
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    July 20, 2010 - 8:30 am

    Nope you claim on the $4050 regardless of whether there was a claim or not in the past

    Profile photo of nightelvesnightelves
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    @nightelves
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    July 20, 2010 - 7:50 am

    Correct me if I'm wrong but I thought depreciation is claim at the start of settlement regardless of any claims made by the previous owner.

    Profile photo of nightelvesnightelves
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    @nightelves
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    July 20, 2010 - 6:48 am

    Just wanted to know if this still holds true.

    http://propertyinvestmentwise.com.au/backdating-depreciation-claims/

    Profile photo of nightelvesnightelves
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    @nightelves
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    July 15, 2010 - 3:27 am

    Can I ask how much did it cost all up for Staged Homes to do the whole make-over and did the property get sold way above reserve price?

    Profile photo of nightelvesnightelves
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    @nightelves
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    July 14, 2010 - 1:44 pm

    Thanks for the response. I would love to hear from other people’s experiences too.

    Profile photo of nightelvesnightelves
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    @nightelves
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    July 13, 2010 - 12:46 am

    Hi just wanted to know what happens to depreciation when you sell the building? Will you have to add it back on when you sell it? If so is there a way to avoid this?

    Profile photo of nightelvesnightelves
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    @nightelves
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    July 11, 2010 - 3:19 pm

    Wow some fantastic comments in this forum. Thanks guys. I was looking at dual occupancy since my property has five bedroom. Four attached to the house and one shed that has been converted into a bedroom. However going down this road might be difficult because the owner who did the improvement did not have a building permit to build the shed into a bedroom. What are your thoughts guys. Should I take out the building permit and try to create my property into dual occupancy?

    Profile photo of nightelvesnightelves
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    @nightelves
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    July 8, 2010 - 1:33 pm

    Sorry to invade your topic but might question might be relevant. As an investor should I consider an P & I loan or it’s best to stick with Interest only. Which would be more advantageous?

    Profile photo of nightelvesnightelves
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    July 8, 2010 - 2:37 am

    Hi can anyone recommend a good depreciation schedule company in Melbourne?

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