Ah yes you’re right on your point 2. I have now doubled it on what remained and my ending result is 66k.

On your point 1, it looks like I only apply 15% but what I actually did was applying that 30% to the increase in asset (not the whole asset itself), because we are taxed on the increased of asset not on the total asset.

But anyway the point…[Read more]

@Benny

@Terryw

Guys, sorry but what am I missing here. I did the numbers on excel but I didn’t get to the $40k that you both did.

I got the final number of $891,289.6. Here is my excel calc (link to the shared file in Dropbox)

https://www.dropbox.com/scl/fi/8un7vrpad40nju0g7ue58/Compound-Calc.xlsx?dl=0&rlkey=a4ccywk2x9e9t8xrp0s640oh3

I’m sure…[Read more]

@Benny

Thanks a lot Benny. Funny that I just got off the phone (information session, strategy call, or whatever attractive name they want to call it) with some of these “expert property investor groups”. And they tick all the boxes you mentioned.

Definitely a must read for all new property investor (like me) because sadly these kind of companies…[Read more]

@Benny

Thanks a lot Benny. Funny that I just got off the phone (information session, strategy call, or whatever attractive name they want to call it) with some of these “expert property investor groups”. And they tick all the boxes you mentioned.

Definitely a must read for all new property investor (like me) because sadly these kind of companies…[Read more]

@Benny

Thanks a lot Benny. Funny that I just got off the phone (information session, strategy call, or whatever attractive name they want to call it) with some of these “expert property investor groups”. And they tick all the boxes you mentioned.

Definitely a must read for all new property investor (like me) because sadly these kind of companies…[Read more]

@Terryw

I was reading a list of must-read thread for beginners that Benny put together, and this article is one of them.

This is great! I have a question please sir. My question is why this option is not available – Refinance the old PPOR and use the cash from that refinancing to pay down the debt in the new PPOR?

Best regards,

Anton

Thanks for your reply @terryw.

I think what he meant by ‘straight forward’ is that there is a general template that list all the usual clauses for simple Trust structure with few family members as beneficiaries.

But if you think there is no such thing as general template for Trust Deed, I will have to find a lawyer/accountant to set this up…[Read more]

Thanks Cathy. I may not be eligible to go down that path (short-selling) as my property value is still within range of the loan amount. But the information you have provided is so invaluable!! I didn’t know that kind of arrangement exists!

Thanks again!

Anton

Thank you all for taking the time and effort to help!! I really appreciate it!

@Benny thanks for your encouragement, this is definitely a lesson that I have learnt, to do my research before buying anything (an expensive lesson indeed!). Currently the 1 bedroom apartment is renting for $360/week. And the townhouse (3 bedrooms) is  renting for…[Read more]

Thanks for your reply Cathy.

That’s a good question. It seems silly but to be honest I don’t know what outcome I want.

Best possible scenario for me is to hold it until it increases in value and then sell it at break-even (I think I can afford to do the repayment for the next 2-3years). However, there is no guarantee that within that time period…[Read more]