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Hey guys, Went to the bank yesterday to see about a loan.. I bought a IP 2 years ago but have never lived in it so i can still get the FHOG.. All good, guy behind the desk was fine with that. Today I had a messge on my phone saying he chased it up and I can get the FHOG but i still need to...

Hey guys, Just got a few questions about filling in the ITWV form.. *With the section "Rental Details" the Percentage Owned question, are they asking how much you own compared to the bank ? or as in how many people are title holders ? My names the only one on the property so dose that mean i...

Hey guys, just wondering if there is an easy way to calculate an expected tax return.. Im thinking about submiting a ITWV but if im only going to be reciving $1500 a year then I might not bother.. My details are as followed :- Job Income - $34,000 Rental Income - $8300 Deductions -...

Hey guys, I was having a look on the www.onthehouse.com.au site that Aimjoy posted up the other day and its got me thinking.. I bought a 2 bedroom unit in Taree 12months ago for $125,000.. It has been tenanted for $155 p/w and ends up costing me about $3000 a year to hold after tax (P&I Loan)...

Hey guys, just wondering what you would make of this. There is a block of 8 units and 4 of them are for sale, I was considering taking a look at one as it has a pretty good yield. But find it a bit funny that 4 of the 8 are up for sale at the same time.. Is this usualy a sign to stay away ?

Hey guys, Im just after some opinions on this "strategy" i guess. I earn a very low income $34,000 so I dont have a lot of options when it comes to property investing.. $150,000 is probly my limit.. Would it be worth purchasing properties in country towns which probly experience very...

Hey guys, I purchsed my first IP in April this year and now I want to start investing again. The property is a 2 bedroom unit located in Taree (not counting on much capital growth ) Purchase price - $125,000 Loan - $115,000 Current loan - $109,000 Rental income - $155 p/w The property...

Hey guys, I would like to get into the share market soon and was thinking about getting a loan to start off.. Iv never owned shares before and dont know a lot about them.. My stratergy is to just buy and hold.. I was thinking about borrowing $10,000 to $20,000 and buying a share pack from...

Hey guys, Iv just been thinking what makes a term deposit different from a online savings account ? eg. Netsaver, Isaver etc ? From what iv seen they both have very similar interest rates There must be more to it that I dont no about.

Hey everyone, I was just wondering if I should get a Depreciation Schedule done for my IP ? I dont realy know much about my IP tho, I think the real estate agent said it was about 30years old, it has a renovated kitchen but I dont no how long ago it was done.. Other than that I dont realy no...

Hey guys, its the end of the month and i got charged my interest.. I just dont understand how it works becasue my interest this month is more than it was last month and my loan has only been going down not up.. This is how it looks... Last month $135,000 $111,000 (lump sum payment)...

Hey everyone, I might be buying a house with my sister soon but am a bit worried about how it will work. If my sister is living in it, am I still able to claim the deductions as you would any other IP ? It will be a PPOR for my sister but for me its just an investment... How do you...

Hey everyone, Im currently paying P&I on my IP, as iv lernt from reading this forum and other forums is that its better to have IO loans on IP's.. I keep saying im going to change to IO but I keep putting it off, there is no reason for me to be paying P&I is there ? Changing from P&I to...

Hey eveyone, I was thinking about having my tax reduced each pay rather than waiting untill tax time to get my refund back.. Im not sure what that process is called ? What do most people do ? Is it better to do it this way or just personal preferance ? Thanks

Hey guys, Im just wondering what other forms of investing are out there ? Im on a low income $34000 a year, and find it hard to save up enough money to cover the purchasing costs for property. Is there better investments out there for people on low incomes ?

Hey guys, Im very new to property investing and im looking for a little guidance. I am unsure what I should do with my current IP. It is a 2bedroom Unit located in Taree, purchase price $125,000 returning $155 a week rent, will be raised to $160 in a few months.. I currently owe $110,000 on...

Hi guys, just wondering if your properties is running at a loss do you still pay tax on the rental income ? eg. $10000 in deductions including interest on loan, and rental income of $8000. Do I pay tax on the $8000 income ? Thanks :)

Hey guys, im just wondering if there is a way to work out how much tax you will get back at the end of the year ? I am in this tax bracket $30,001 – $75,000 ($3,600 plus 30c for each $1 over $30,000) I have 1 IP, and just for an example I have a total of $10,000 worth of deductions for...

Hey guys, Just wondering why is there so many CF+ properties in Cairns ? They all seem to be Appartments or Units, and in resorts.. I guess something like this would experience very little growth if any at all, but if its CF+ wouldnt any CG be a bonus ? Are these good investments or...

Hey guys, Im just wondering what you guys do in a situation like this ? Say you buy 5 IP's in one year and they are all on IO loans for 5 years... After the 5 years they all switch to P&I and now you cant afford to make the payments.. Thanks..