Forum Replies Created
Have you decided on anywhere specific in QLD or looking at the state as a whole?
What type of property are you looking for, something to reno, flip,wrap, Buy and Hold..Units, Houses, townhouses, aprtments areyou looking for CF, CG etc?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsJust as an aside, how many HDT’s would that accountant maintain and how many have they set up..Curious as to the accountants knowledge level and practical experience on the subject matter..??
My accountant told me years ago they dont set up HDT’s and have no experience in them, though he knew a bit about them they mainly did DT’s..he did however say if it was set up they would assist in maintaining it if need be..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsI’ve locked in my equity and topped up my loans with my WA IP’s..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsI’d speak to Scott (aka Depreciator) – However if these are 40-50yr old properties with no renovations you may not have much depreciation claims
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsI believe that people still use them to assist with servicing the loans; managed Funds are also popular
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsOriginally posted by elkam:Either my calculator or my logic must be in trouble.
Based on both of the above is it really possible that in the first year you are actually paying 14% interest and it only goes up from there?
original loan $80,000
interest paid 3,200
loan balance at end of yr 88,000So in fact you are paying $3,200 + 8,000 = 11,200 / 80,000 % giving 14% [eh]
ElkaFrom a cursory look I thought that $88,000 was the new value at 10% CG, not the new loan <insert confused smiley here> and that the interest was only $3,200 why is the new loan $88,000?
Redwing
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsI’d sign up for a year as well for $13 p/wk rent and a bottle of red[biggrin]
Redwing
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsCONGRATULATIONS on reading Rentons book..not an easy read ;o)
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsPropertyWA
Its worth Purchasing Dale Gatherumgoss’s book Trust Magic if looking at HDT’s
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating Calculatorswhere to go..straight to a good broker!
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsIMHO most building companies are only as good as the team that does the work on “your” house..I’ve worked with companies in the past that have had Great and cr*p teams (out of the industry now)
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsAusprop may be able to give an ‘informed’ decision….I can only guess.
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsYou can do your tax return over the web as well..my prefernce is to use an accountant used to dealing with property investors and possibly an invetsor himself ;o)
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating Calculatorsa schedule that gets smaller and smaller and smaller…..
have a look at http://www.depreciator.com.au and as a tip speak to Scott
ALSO get a valuation prior to renting out (may be needed for CGT later on)
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsLots of Pro’s and Con’s (and i’m not talking Kings Cross or the local lock-up)
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsGREAT TIME to lock in your equity and top up your loans if you have WA IP’s then ;o)
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating Calculatorsmany people looking at Melbourne as well(plus SA and NT still making moves)
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating Calculatorswould love to go and catch up with you Cata..but i’m stuck in WA..
Redwing
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsA Tip I read for when out and about on Family Excursions
KEEP IN TOUCH FOR FREE WHEN OUT AND ABOUTOur family saves hundreds of dollars a year on mobile calls and I still havepeace of mind knowing my children’s whereabouts since we started using this clever tip. Instead of bumping up our mobile bills with all the usual ‘I’m running late’ or ‘Can you pick me up’ calls, we keep in touch for free using walkie talkies!
It started as a game when the kids got walkie talkies for Christmas but on taking them out of the house they quickly realised that they work well n many places such as shopping centres, sporting events and so on. The walkie talkies we use have a working radius of between 500m and 3km, which is ideal for those inevitable ‘I’ll be there in five minutes’ type of
calls, or to locate one another if we get separated in a large venue.
Instead of being charged for making a mobile call, we communicate on the walkie talkies for free!This system is also used successfully by my sister-in-law and her
family and it saves us between $20 and $30 a month on our mobile bill. This adds up to a total saving of between $240 and $360 a year! For the initial outlay of around $60 (we use the Uniden UHF walkie talkie twin pack from Dick Smith
for $59.76), this is an easy way to make a great saving!Note: It is a good idea to buy proper models from electrical stores,
rather than toy store models. There is little difference in price but a big difference in quality.“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsI’ve also hear of people using a company structure to do the same, even to the extent of slightly more complex with an accountant or such sitting in a temporary position of power..
or the easiest ways is maybe as described by Noel WHITTAKER where two people buy similar houses in similar areas and rent to each other?
REMEMBER though if you sell you pay CGT
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating Calculators
