Hello,
My wife and I are embarking on our property investment journey and this is our first post. We have read several previous blogs and found them very useful.
We have just about determined our strategy and have set up a spreadsheet to model potential deals.
One thing that we have found is that most of the deal examples or analysis tools that you see around do not include a Land Tax component. Land Tax quite often breaks a potential deal by adding $3,400 to $4,000 costs per year to the deals that we are looking at. This means that we are not achieving positive cash flow for 8 – 10 years instead of 3 – 4/5
Does anyone know why most examples and analysis tools do not specifically address Land Tax. Any advice or comments will be greatly appreciated. Are we missing something?
Cheers
John and Desiree
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