Recent content by KJB

  1. K

    Renting villa to your mum.

    Are these required as a kind of proof of tenancy as well? confirming the place is an IP) come tax time? Or are the rental payment's evidence enough?
  2. K

    Turning PPOR into IP rented out at non commercial rates

    thanks for the information guys, in regards to using my parents house, I just thought it would be proof that I had moved out (and somewhere for my mail I'm a bit of a gypsy) also my situation has changed a bit, going to rent house out completely from 1/7 at the proper market rates and go...
  3. K

    Property Coaches

    I found books from these people useful, Michael Yardney's books, you get a bunch of extras (audios, pdf's, spreadsheets) if you register them. Chris Grays 'effortless empire' Robert Kiyosaki Rixter posts Wealth Sabotage ,its a spreadsheet and a pdf booklet for goal setting and...
  4. K

    residential investment loans at call

    Have seen a few posts mentioning loans that the bank can 'call in', mainly LOC's Has anybody had this happen or has any examples? I know there would be different reasons from bank to bank. Just want to see if there are any trends/similarities in the reason. e.g. is it more to do with changes...
  5. K

    Turning PPOR into IP rented out at non commercial rates

    are non-cash deductions separate? still fully deductible?
  6. K

    Turning PPOR into IP rented out at non commercial rates

    Situation: Currently in my PPOR of 2.5 years, as I work away and also partly live overseas I was going to convert it to an IP (just going to use the parents address as my new place of residence) Have had my bro and his g/f living with me all financial year, I have and will continue...
  7. K

    How to add Chattels in contract correctly.

    Are there any general rules ot thumb to come up with a number or percentage of the chattels proportion of a property? I know the age would play a big factor but lets say I put in an offer on 20-25 year old townhouse and decalre that 5% of the cost are chattels. Would you think thatsa...
  8. K

    PPOR with LOC reno into IP

    What if (when still a PPOR) the LOC is capitalising interest? When it converts to an IP would the whole amount (including the Cap interest portion) still be tax deductible?
  9. K

    Property Software

    Try searching ' somersoft spreadsheet collection'
  10. K

    Paying IP expenses from LOC

    Do you also put any of your tax return back into your investment LOC to keep it down? Or did you at some earlier point?
  11. K

    IP with wooden playhouse. Pro or Con?

    Its right up close to the back corner fence. If its no council approved and a tenant hurts themselves on it am I liable?
  12. K

    IP with wooden playhouse. Pro or Con?

    Going to look at a promising looking property tomorrow, however there's a decent sized wooden playhouse (roughly 1500mm x 1500mm x 2500mmH) and I'm undecided if this is an added bonus In helping securing a family as tenants or a future curb side pick up Unsure of council requirements on the...
  13. K

    Opinions on Boom to Bust: by Lindsay David:

    I haven't read this yet, apart from the gloom and doom blurb.,d.dGY Just...
  14. K

    Hi Somersoft

    Well they haven't made me redundant yet, I must be doing something right lol
  15. K

    Hi Somersoft

    Hi, After noticing several threads of newbies introducing themselves, I thought id jump on the thread-wagon and say hi My name is Kayne, I'm from Perth, 26yrs old working as a chef (FIFO) and starting on my investment journey. I have been educating myself on investing over the last...