Recent content by BestWeInvest

Can anyone confirm the raising of the Stamp Duty Exemption to $750000 for first home buyers in WA? Im not sure when it was raised but was told by an accountant it has has been.

I have that covered cheers. Have a brilliant broker and a lot of equity which has got even better with this years hot market.

I have spoken to people who have boarding houses in Perth and they found more than half were always non-uni students and said there is a market for quality individual rooms with a decent separate social side to the house. I just want to make sure I don't creep in to the boarding house zone which...

Hi all, Im in the process of getting concepts for an investment home drawn up. Had a single story design of 4 bedroom each with an ensuite for the purpose of renting on a room by room basis. I would prefer to go 2 story and have a 6 bedroom 6 bathroom. 4 down and 2 up allowing Upstairs having a...

Yea I agree and I'm just thinking of the future really..

Yea so how does that work in terms of the 6year CGT exemption? Could i not within 6 years have no housemates and then theoretically that be void?

So nothing wrong with this? lol

I work FIFO and have mate with a room there too. Mortgage is 500pw IO offset at its max MAte pays 100pw and couple pay 280pw So I still contribute to my mortgage, not making a profit as such

Im doing it simply to have more money coming in rather then out. the price for rooms includes bills too.

I live in my own PPOR and have housemates who pay me for individual rooms. Are there any negative implications of receiving their payments tax wise or in terms of declaring this as income? I have been paid in cash perviously but would rather not anymore.

Do some Investors use trusts in order to borrow (somewhat discretely) for IP purchases that they would other wise be denied of personally due to them seeming 'risky' in the eyes of lenders..? eg PPOR 30% LVR but has IPs with low LVRS in many different trusts and different lenders not knowing of...

Hi all. A friend of mine is looking for some gun advice from either a broker or property accountant in the Melbourne area. Can anyone recommend an awesome broker or accountant to help him out? Or both? He owns an apartment already that is rented out. He is interested in buying another IP this...

Is there a website to look at this product range?

Hi everyone, I am new to somersoft and would appreciate some advice for my next steps regarding IPs. My ultimate goal is generate a passive income through property. However for the shorter term I'm interested in buying property to increase my wealth. In August last year with the use of a...