Recent content by smator

Do you have to be starting a business or could this be claimed when setting up a company/trust for investing?

Capitalise the pm fee (interest will be deductible) whilst receiving the full rent income which can be used to repay non deductible debt.

Thanks Terry, does that mean if I borrow to pay it the interest would be deductible?

Hi guys Read a lot on the forum about capitalising expenses as they are deductible. Just wondering if anyone has been able to do this with property manager fees as they usually deduct their fee from the income? Has anyone arranged to pay the management fee separately and thus receive all the...

Hi In a position where I received a first buyers stamp duty concession but due to work need to move states and can't fulfil the 12 months living in it condition. I now need to repay the concession when I rent it out. Is this payment linked to generating income and thus deductible?

Is it 120k net of super?

Does that mean it's a good one to use up front then and then move onto lenders with looser serviceability down the track?

Thanks for all the details Rixter, very informative.

When you say "use" the 6 yr absence rule, my understanding is that you do this when the property is sold? For example, if I were to buy a house, live in it for a year, then rent it out for 8 years and then sell. Provided I've rented myself for the 8 years and hence no PPOR (and also did a...

Is the valuation done at the date it becomes income producing or the date it ceases to be your PPOR?

Is CBA a conservative lender? Was looking at taking advantage of low fixed rates in the next few months. It's my only property. Prob sitting around 74% lvr at the moment.

Hi all Just wondering if anyone owns an investment property in the South East around Mordialloc? I'm looking for a property manager and would love any recommendations if anyone has a good one. Also, this will be my first IP, it was my own home, is there anything else I need to be thinking...

Sorry was meaning in relation to claw back of commission paid by the lender to the broker. I think if I refinance before a years up then the broker will pass charge me this clawback as a fee for the service provided.

Does this mean that I could use a different broker to obtain this finance? I used a broker to obtain the original loan and it was only in January. I don't think he is the right broker going forward as I don't think he has experience in people accumulating property. I believe there is a claw back...