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Hi all. My wife and I are buying an IP and we are faced with a couple of options as to how we do it. The situation is as follows. PPOR in wifes name (for asset protection reasons) estimated value $400 - $450K with $280K owing on mortgage. IP purchase price $299K to be purchased in my...

Yeh! Good question mate. I too would love to start to buy into some shares to build a share port folio over the course of my life but I have not spent the time to learn how to get involved in share market investment. Surely it must be pretty simple (forgetting about all the details of...

Yeh really good juicy stuff for newbe property investors. Great stuff.

How about just leaving a space for a dishwasher to go but letting the tennant decide if they want to buy the dishwasher to use or if they just want to use the space as a spot for their rubbish bin/vac or something?

Thanks for that info Chris.R Ill add the 5% in for costs to that factoring. (thats 5% of the purchase price of the property right?) i am not so worried about making a killing in the first year because Ill keep the property that I buy for good unless circumstances change and force me to...

I think that the key here is how genuine the comment is. Sales people will always try to build a relationship with a prospective client and they may even believe that they really do care what the prospect replies but it is usually just a way of getting the prospect in an agreeable frame of...

This sounds interesting. Would the interest on the $50k be deductable seeing as it is being loaned to me at cost? Regards

Thats an interesting point valleymist because our PPOR is soley in my wifes name (house and loan) but the IP will be in my name due to income levels. this means that we would be better off trying to get the finance in my name and not use any of the equity in our PPOP at all. This would...

Cheers again guys. Here is a scenario to check my figures on. "copy and pasted from RE.com.au" Consider the Potential Offers Over $299,000 DUTTON PARK Located in a small block of only six, this entry level unit would suit an astute investor looking for a low maintenance investment...

Cheers for the replies guys. I was just using basic figures to see if my maths was right. my wife and I have about $50k in equity we can get out of our PPOR and we can buy an IP worth at least $200k before we have to worry about mortgage insurance so Ideally we would like to buy an IP...

Gday all. i have been looking and looking around Brisbane and I am finding it hard to find a "good" investment. I am starting to think that I am missing a part of the puzzle when I am looking at properties. Here is what I have been doing. I look at a property on RE.com.au. I take the...

Thats a fantastic result you have achieved there. Are you or your partner tradies? Or have you just learnt what ever skills you needed to get the job done as you discovered things you did not know how to do? Cheers

If you have a property that is cash flow positive dont you just keep plowing the +ve cash flow back into the property so that it pays it off over time making it more and more +ve cash flow and increasing the equity in the property at a much faster rate than just relying on CG? Wouldnt this...

Im not worried about tax brackets because I own a company and pay my wife and I a salary out of it. At the moment we are splitting the salary evenly between us which makes it so our taxable income is minimised but if the need was there for me to change the split I could easily (say if we had a...

Im slowly getting the idea. So things you have to pay out cash for that are expenses that you incur in the course of your investing (such as the interest, insurance, management fees you mantion above and the -ve difference between what you get in rent and whet you pay out in morgage...

Cheers for all the replies guys. I have seen so many of these style properties for sale and the agents that are selling them usually seem to be trying so hard to sell them that it all rings of "too good to be true". I can see how there is no room for capital growth too because when you...

There are heaps of retirement village investment properties on the market in Ipswitch. One in particular one is as follows (copied and pasted from web site) 6 YEARS RENTAL GUARANTEE: * Body Corp: Nil * Council Rates: Nil * Management Fee: Nil * Guaranteed Net Returns: $15,200 per...

thanks heaps for the replies alexlee. i had a good conversation today with someone that explained it to me pretty well too. the costs of the property just lower the amount of gross salary that I would pay income tax on. that point is locked and loaded. Cheers V much.

Gday all. If you have an IP financed on a IO loan you are only paying the intrest on the loan each month (or week or when ever you are set up to pay it). With an IP the interest you pay on the money you borrowed to buy the property is tax deductable right? So....... Does this mean...

Cheers Rolf. OH and sorry to the orriginal poster for hijacking this thread. Its just really good info for me.