Thanks JamieSo technically if I was to refinance it whilst a ppor and take the equity and use it to the next ppor, get it valued then turn it to ip would this reduce the amount of CGT payable?

I have a site good for 5×2 bed units, plans are drawn up for 1 x duplex and 1 triplex has in the design would it be easier to go for two separate loans or keep it as a single loan? Would this work as they are on the one title, Its also in a rural area.

thanks heaps Richard

Thanks for that qlds007, so is this at any certain point of the construction (say after footing stage) or when you have spent 25% of the value?

Something to think about when investing in property is to think business like. When a business/company; spends/earns money it is treated different to a personal income from the ATOpersonal        income – pay tax – spend (bills etc.) – money leftbusiness/company        income – spend (bills etc.) – money left – pay tax  Get creative, think of dif…[Read more]

Council – I have had a couple of clients looking into doing it in NSW. It is pretty simple to convert. In NSW we have a system called BASIX which was introduced by the state government to reduce water consumption, heating/cooling loads and energy. Technically it would have to pass the requirements for a clad framed house. Council may also consider…[Read more]

Thanks Terryw. So as long as I keep records of what is what I wont affect the mortgage when it comes to tax time if just used for private borrowings?

Congrats on your first ip. Get experience, you'll find heaps of it here and most of the people have a fare bit it and best of all its free…many people have different ways of doing things…and I am no expert but someways to do it is

– buy lower than market value, renovate, force some equity in the property then use it against the next ip.

-…[Read more]

Congrats on your first ip. Get experience, you'll find heaps of it here and most of the people have a fare bit it and best of all its free…many people have different ways of doing things…and I am no expert but someways to do it is

– buy lower than market value, renovate, force some equity in the property then use it against the next ip.

-…[Read more]

Congrats on your first ip. Get experience, you'll find heaps of it here and most of the people have a fare bit it and best of all its free…many people have different ways of doing things…and I am no expert but someways to do it is – buy lower than market value, renovate, force some equity in the property then use it against the next ip.- learn…[Read more]

Congrats on your first ip. Get experience, you'll find heaps of it here and most of the people have a fare bit it and best of all its free…many people have different ways of doing things…and I am no expert but someways to do it is – buy lower than market value, renovate, force some equity in the property then use it against the next ip.- learn…[Read more]

thanks, that's what i meant. When claiming for depreciation; with the house being ex. ppor does this change things at all or once it is an ip?

thanks terry, are you able to tell me whan interest is claimed as a loss is the rent taken into consideration as income?

Thanks JamieThe only reason for a company is security, My intention is owning numerous ip's in the future what would you recommend or just have them in mine and partners name.Cheers

try this link it may or may not be useful as it is pretty general and doesn't include the specific's http://www.homedesigndirectory.com.au/calculators/ConstructionCostEstimatorPage2.shtml

I think this one can be used for property investing"In the middle of difficulty lay's opportunity"Albert Einstein

Thanks Terryw, So if I used the equity in the block for ppor2 would I be any better off? Sure the interest would be lower but I would also have 2 loans with most if not all of the return from the ip going back on to the loan with no passive income. I'm a novice on how using equity works but want it to get the most out of it. Would my idea not work…[Read more]

Thanks for your thoughts, the theory behind the madness was to have the additional income coming in. Say if the rent would return approx. $180 p/w would the the return on the interest/tax be a better? I am open to suggestions if anyone has any.

Why not do what Steve done and try in a rural area? There are decent properties around the $150 to $200k even lower, how ever the capital gains are lower but if your looking for +ve property worth a try.

For a quick feasibility study to get a figure to work with – for new building I allow $1500 to $2000 per m².- tradies I allow $100m² (not including plumbers or sparkies)- plumbers and sparkies upwards of $8000 for a house eachQuantity surveyors use Cordells or other costing programs then add a percentage for the relevant postcode try this l…[Read more]