Total Members: 159,403

PANDORA

  • PANDORA replied to the topic Depreciation in the forum General Property 19 years, 11 months ago

    Hi Dazzling,

    I have been looking for positive cashflow properties for a while now and can’t find many that are cashflow positive. I look locally, interstate(mainly)and in the country.The only positive cashflow properties I find are ones in country towns with a very low population. The risk is then in finding tenants and the capital growth is…[Read more]

  • PANDORA replied to the topic Depreciation in the forum General Property 19 years, 12 months ago

    Hi All,

    I find the debate about whether or not to include Depreciation in my calculations in assessing positive cash flow properties very intriguing. I would love to not include it, but unfortunately it is not possible unless you invest your own money into the venture. Tonight I have been looking at three different proposals ranging in rent…[Read more]

  • PANDORA replied to the topic High return – Low Capital gain in the forum General Property 21 years, 1 month ago

    quote:
    we r looking at buying in a regional centre. this way we can afford to get 2 to start our portfolio. houses are semi-detached, $55,000 & $60,000 asking price, returning $110 & $120. this is good return on a cash basis, but the whole town has only had a 3% rise in median in last 12months. median price is $40-50,000 above asking price for…

    [Read more]

  • PANDORA replied to the topic A simple question? in the forum The Treasure Chest 21 years, 7 months ago

    Leigh K,

    I am no tax expert but I understand in general that if you are declaring your rental income and costs etc then there is no logical reason that these costs would also not be deductible. Warning: Is the ATO logical in their legislation and rulings?

    What happens with CGT I don’t have any idea.

    I would ask the ATO direct and get their…[Read more]

  • PANDORA replied to the topic A simple question? in the forum The Treasure Chest 21 years, 7 months ago

    Hi Sooshie,

    A good guide to look at is the ATO’s Rental Properties guide.

    It implies that multiple trips are allowed (even interstate) however tbey are only 100% deductible if the sole purpose of the trip is to inspect the property. If it is not 100% then only part of the costs MAY be deductible.

    My view is that if you make too many trips the…[Read more]

PANDORA

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