Total Members: 159,074

REDCARD

  • REDCARD replied to the topic edestiny positive cash flow properties in the forum No Subject 21 years, 4 months ago

    quote:
    For example, if you’ve claimed 100 dollars over the life of the item as depreciation, you have to put that back when selling. Would you know anything about this.

    No, not quite correct in Australia with properties bought at this time BUT there is some truth to it in New Zealand under clawback.

  • REDCARD replied to the topic Cootamundra and or Dubbo areas? in the forum No Subject 21 years, 4 months ago

    Look harder, they are there.
    For example the one you said would need a 50K deposit could still be wrapped to the right buyer to generate positive cashflow with minimum deposit. It’s just a matter of matching the problem to the solution

    quote:
    Hi again guys. Re Cootamundra, I have spoken to a couple of Real Estate agents in the area and have been…

    [Read more]

  • REDCARD replied to the topic Newbie about to take the plunge!!!! in the forum The Treasure Chest 21 years, 5 months ago

    Dear Ish,

    Why are you assuming that just because there is a 12 month lease in place you cannot increase the rent. A lease is just a contract that both parties can rescind (or void) if they want to. You would probably want another lease in place first. Perhaps they need a washing machine that you can provide and in return increase the rent by $10…[Read more]

  • REDCARD replied to the topic Transferring balance of home loan to investment? in the forum No Subject 21 years, 5 months ago

    It may be possible, depending on the situation, to sell the investment property into a trust at the market value giving your father the cash to pay his home loan off. Check the viability of this as there are stamp duties etc that must be taken into consideration BUT it can be done, just seach till you find the right advisor

REDCARD

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