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Hello
Maximus and thankyou.

To be precise, is there a calculater to work this out. How do I know the value of these costs??.

e.g. I know that I must get a property built after July 1988 to claim the construction costs but how do I know what that cost is without is getting the property valued. and so on.

Some one out there must a this in calculated for a novice

Forgive me, if I sounf dumb, but this is my first time.

Captain

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Hey Captain.
From the rent, deduct interest + rates+ insurance. You may also want to allow for repairs also. Don’t forget that you can claim depreciation which helps you out too.
Cheers
Marty

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Hey Captain,
Let me say it is so good to have access to one with so much knowledge about property investing. Given that I also consider myself to be a novice and you are so willing to help out us newbies, are you able to help me out with this one?? My understanding or misunderstanding about depreciation is that a property is depreciated at a greater percentage for the first 5 yrs of its life eg. 1st yr 5%
2nd yr 4.7% 3rd yr 4.2% and so on. When a house is older than 40yrs it can still be depreciated at 2.5% Is this all true or not???