Filed under: Bootcamp Depreciation
A great time for a depreciation schedule.
If you’ve had your investment property for over two years, you’ve probably noticed a big change. It’s not costing you as much (if anything at all). Rents have gone up and interest has gone down, which is great until it gets to tax time. To get the best deductions possible, you can get a depreciation schedule. These are done by licenced quantity surveyors. The ones that I just used promised that if they can’t get your money back in the first year they’ll refund the cost, so that’s a great deal. It’s also a quiet time (pre tax season) for them at the moment so it’s a great time to negotiate a good rate……
Property Investment Bootcamp
Yes, that’s right, just like Bootcamp for your body, this is Bootcamp for your investment portfolio. Over three nights in April I’ll be presenting loads of information and tips on how to buy an investment property in six easy steps.
I’ve used these simple and easy to follow steps to purchase 9 investment properties over the past 10 years, so I know they work.
This presentation series is FREE to our clients, friends and family. So if you or someone you know would like to attend please phone us to book your place. If you’re telling a friend about us be sure to tell them to mention your name.
1. Wednesday 15th April, 7 p.m.
a. What to look for in an investment property? What physical characteristics? Growth? Scarcity? Value? Rental return? Desirability for tenants and growth? How to research it? What books/sites/reports/seminars are available?
b. How you can afford an investment property? How much will it cost you upfront? Stamp duty and other hidden costs? FHOG eligibility? How much will it cost you ongoing? Buying an investment property with no cash? What are non-cash costs? Cash flow positive vs cash flow negative?
2. Wednesday 22nd April, 7 p.m.
a. Negotiating tips for the right outcomes? What is a Contract of sale? What can you include in your Contract of Sale offer? Private Sale vs Auction? Real estate agent secrets? Conveyancers vs solicitors?
b. So you’ve bought – what happens next? Settlement period? FHOG? How to get a property manager? Your first mortgage payment?
3. Wednesday 29th April, 7 p.m.
a. Renovating for rent increases? And capital increases? Using a valuer? Using a quantity surveyor?
b. What happens next? Fixing rates? Interest only vs principal and interest? Using your growth? What is cross collateralisation? Cash flow? Budget? When do I sell?