Hi there mixrex. I know what you’re talking about, it is very difficult to find anything on the ATO website, but nevertheless it is there. I have pasted the address below.
If it doesn’t work simply go the the ATO homepage, click on ‘search and contents’, type in rental properties. This will give a list of relevant material. The one you want however is ‘rental properties 2002’. Click on it and download pdf file.
If you like study so much invest in a University degree in something that really interests you through a reputable University. It will probably see you commanding a higher salary ie. a fairly good rate of return – which is at the very basics what this whole discussion database is based upon – a high rate of return on investment!
Don’t get all wrapped up in the property investing hype. There are some people getting very rich from very much open source information!![]
I think it will be like anything. Know your expected outcome and know your area. Remember the deal of a lifetime comes around on average once a month (if you are looking right!) and that next deal is probably in your own neighbourhood.
Yes you can do it – take early possession that is. It is your risk and can only be done after finance is approved. Note some conditions on settlement will be made void by doing this. Also make sure you have the place insured as it is your responsibility once you have taken the keys!
I have done this with my latest place and should work a charm.[8D]
As we are just starting we too could not afford the $15,000 for Henry Kaye’s course. We too, would too appreciate anyone who has notes from his course to share them.
Tedgalee I tried to see if we are in the same state and maybe if we were that you would be kind enough lend us the course notes for awhile please.
I sounds as though you did get something out of the course. A partner to invest with. We too would be interested in partnering with someone. How do we go about this. Do we have to attend one of these courses in order to find someone.
The scenario you give here indicates that the bank was prepared to offer you 80% of the higher of valuation vs purchase price. Most of the lenders I have discussed this with will only take the lower of the two.
Do the rules change once the lenders get to know you? Or am I speaking to the wrong lenders?
In my experience a good tennant is someone with a fulltime job and is renting though necessity but has a long term goal of one day owning their own residence.
Usually these tennants are quite upfront in terms of how long they expect to be tennants and respect the value of a good reference as a tennant when moving on.
I suppose I’m talking about people with clear. upfront personal goals.
Has anyone knowledge of or had dealings with Westpoint Corporation particularly in with respect to property investing etc…???
I think they mainly deal in Aussie inner city hotels/apartments.
Much appreciated. David…..DooDahDave
I am always looking around property websites for a multi unit complex to buy. How often do you personally see them for sale? Is there a better place to look such as a dedicated website? Or should I just contact agents in the area and tell them what I am looking for?
Count me in… Love to meet like minded people. Although a little older than most – 46 I’m a newbie to property investment and need all the help I can get.
DooDahDave [email protected]
Thanks Nina and Steve
I found the reiwa URL very useful in estimating my presents property value.
We have only just met with the company so we haven’t looked at any options / projections as yet. But will keep you informed. I like the idea of a case study (getting spoiled)[]
Our mid term goal is to pay off our residential address. I’m 46 with a goal to retire 55 and have realised that superannuation is not the answer.We have been using a line of credit but have not up to now been using the equity for investment. We now believe that property investment will hopefully put us in a position to achieve the long term goal of retirement at 55??
Your feedback is fantastic. I’m so glad that I found this forum as I had no idea who to discuss these matters with before.
Regards David
I spent 8 months in Real Estate a couple of years ago. Our fees were 3% plus GST plus $500 advertising contribution.
An agents fees are varied from agent to agent and are always negotiable. The problem here though is that any agent that will quickly negotiate away thier fee will probably not do much negotiating for your sale price.
If you choose an agent choose one that is reputable and has good negotiating skills. Ask them why their fee is what it is and see how they react. If they give solid reasons and even have testimonials, then go for it.
Always remember you are in charge and you have the say on the price you want.
So by depreciating the property on a L/O may well put me in a worse position for taxation as my intent is to sell and the depreciated amount will go on to my taxable income?
I hope I understood it right. If anyone is actually doing this, I’d love to hear what the outcome has been.