wade anthony replied to the topic CGT on ppor to ip in the forum Finance 12 years, 9 months ago
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?
wade anthony replied to the topic Finance on a block of 6 units on one title with residentail rates in the forum Finance 12 years, 9 months ago
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.
wade anthony replied to the topic Using a HELOC to start a business in the forum Finance 13 years ago
thanks heaps Richard
wade anthony replied to the topic owner builder finance in the forum Help Needed! 13 years, 2 months ago
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?
wade anthony replied to the topic 30 properties before 25, finance??? in the forum Something to think about 13 years, 3 months ago
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]
wade anthony replied to the topic Converted shipping containers in the forum Creative Investing 13 years, 4 months ago
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]
wade anthony replied to the topic using a LOC while ppor then change it to a ip in the forum Help Needed! 13 years, 4 months ago
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?
wade anthony replied to the topic 30 properties before 25, finance??? in the forum Finance 13 years, 4 months ago
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.
wade anthony replied to the topic 30 properties before 25, finance??? in the forum Finance 13 years, 4 months ago
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.
wade anthony replied to the topic 30 properties before 25, finance??? in the forum Congrats on your first ip. 13 years, 4 months ago
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]
wade anthony replied to the topic 30 properties before 25, finance??? in the forum Finance 13 years, 4 months ago
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]
wade anthony replied to the topic Changing existing PPOR to IP in the forum thanks, that’s what i meant. 13 years, 5 months ago
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?
wade anthony replied to the topic Changing existing PPOR to IP in the forum Help Needed! 13 years, 5 months ago
thanks terry, are you able to tell me whan interest is claimed as a loss is the rent taken into consideration as income?
wade anthony replied to the topic Changing existing PPOR to IP in the forum Thanks Jamie
The only reason 13 years, 5 months agoThanks 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
wade anthony replied to the topic Building Quote in the forum Help Needed! 13 years, 5 months ago
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
wade anthony replied to the topic Our Secrets are to share ? in the forum Forum Frolic 13 years, 5 months ago
I think this one can be used for property investing"In the middle of difficulty lay's opportunity"Albert Einstein
wade anthony replied to the topic Help with equity in the forum Help Needed! 13 years, 6 months ago
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]
wade anthony replied to the topic Help with equity in the forum Help Needed! 13 years, 6 months ago
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.
wade anthony replied to the topic New To Property Investing, Need Assistance With Potential Positive Gearing in Urban Centre? in the forum Why not do what Steve done 13 years, 6 months ago
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.
wade anthony replied to the topic The 5 minute deal cruncher in the forum Value Adding 13 years, 6 months ago
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]
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