PropertyInvesting.com | Ben | Activity https://www.propertyinvesting.com/members/albanga/activity/ Activity feed for Ben. Thu, 06 Nov 2025 10:25:45 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 ff8ace80ae83afaca469a912f09c21b0 Ben replied to the topic Should I buy apartment or house for first IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/5011726-should-i-buy-apartment-or-house-for-first-ip/#post-5012155 Fri, 21 Aug 2015 02:38:22 +0000 Hi mddedf,
I have a feeling the “influence our borrowing capacity” line may have been based on a very broad idea that units have higher yields than houses. Jacqui has pretty much summed it up our banks assess serviceability but it goes quite deep and each lender assesses it in their own ways so trying to calculate it yourself, particularly with an…[Read more]

]]> 7d7a991e6d820c9931064dffa8dcee31 Ben replied to the topic Build before subdivision or subvide before building in the forum Value Adding https://www.propertyinvesting.com/topic/5002809-build-before-subdivision-or-subvide-before-building/#post-5003048 Thu, 05 Mar 2015 01:55:03 +0000 Personally I would be applying for DA for both properties. I think trying to separate them is very risky and will limit what you can do. I take it you have never dealt with a council before? It is hard enough to deal with them on one occasion let alone on two separate projects.

Your also going to have increased costs as you will need to engage…[Read more]

]]> b44ab5d3628e014969b79bc3398aec0d Ben started the topic IO Loan on IP - Need clarification in the forum Help Needed! https://www.propertyinvesting.com/topic/4994224-io-loan-on-ip-need-clarification/ Mon, 01 Sep 2014 02:35:47 +0000 Hey All,
I have been reading about IO loans on investment properties and just needed some help getting my head around it.

Scenario 1
Let us say I own an IP with a 300k IO loan and a 100% offset account.
Let us say I have 200k sitting in this offset which means I can claim 100k tax deduction on the interest portion of the loan.
I now decide to…[Read more]

]]> 3f23323cb1157c4fae2fb6fbdce1a092 Ben replied to the topic Turning your PPOR into an investment property and then back again in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391951-turning-your-ppor-into-an-investment-property-and-then-back-again/page/2/#post-4993841 Wed, 20 Aug 2014 10:29:15 +0000 Hey All,
I just stumbled across this very interesting topic but am having some trouble fully getting my head around it.

Let us say I own 2 properties on a subdivided block. I live in property A as my PPOR and then rent out property B for 2 years. After the 2 years I decide to sell property A and move into property B.
From what I am reading I…[Read more]

]]> bdbffb73fd7b3c6d5256bce6b59f8816 Ben replied to the topic What structure would you use starting a family portfolio? in the forum Help Needed! https://www.propertyinvesting.com/topic/4993697-what-structure-would-you-use-starting-a-family-portfolio/#post-4993818 Wed, 20 Aug 2014 02:17:03 +0000 Hi RPI,
Thanks for the info. I am based in Victroia and will likely begin by building my portfolio around here for the time being.

]]> c3a1909f902069d6206422bf2f96cc4f Ben replied to the topic What structure would you use starting a family portfolio? in the forum Help Needed! https://www.propertyinvesting.com/topic/4993697-what-structure-would-you-use-starting-a-family-portfolio/#post-4993814 Tue, 19 Aug 2014 23:16:31 +0000 Hey Chris,

There is a full CGT exemption if a property is your PPOR but, which according to the ATO

Full exemption
You are likely to be eligible for a full main residence exemption if the dwelling:
has been the family home for you, your partner and other dependants for the whole period you have owned it (ownership period)
has not been used to…[Read more]

]]> df2903e1376098834a2bd6b74da9f06c Ben started the topic What structure would you use starting a family portfolio? in the forum Help Needed! https://www.propertyinvesting.com/topic/4993697-what-structure-would-you-use-starting-a-family-portfolio/ Fri, 15 Aug 2014 04:12:38 +0000 Hey All,
Just trying to get some discussion going before I speak to my accountant/solicitor.
My brother and I own a joint property in our own names, we have both lived in it for over a year so are exempt from CGT.
We are about to subdivide the land and build a second dwelling at the rear.

The options we are considering (pending professional…[Read more]

]]> 3d9829ed58d9706e52c989031ba2a14b Ben started the topic Anyone going tomorrows event in Melbourne? in the forum Help Needed! https://www.propertyinvesting.com/topic/4993443-anyone-going-tomorrows-event-in-melbourne/ Thu, 07 Aug 2014 22:45:30 +0000 I know this is not really “Help Needed” but just curious if any members are attending tomorrow’s event in Melbourne?
Must admit I am very excited as Steve’s book is what grew my current passion for property and this is my first ever property event. Not sure what to expect to be honest but I have dragged my brother along as I am trying to convince…[Read more]

]]> bb1459c4df09a8874f193e693875cbef Ben replied to the topic Positive Property Investments in the forum Help Needed! https://www.propertyinvesting.com/topic/4993433-positive-property-investments/#post-4993438 Thu, 07 Aug 2014 06:46:24 +0000 I think the FAQ avoids what they actually do which worries me and more focuses on questions about real estate in general. This is a company who talks about finding positive cash flow properties and offers a full end to end service.

But they do not answer any of the important questions in the FAQ?

]]> 37ab33fce17449ab2d67e717655075df Ben replied to the topic Build 2 houses and give half to the builder as a negotiated way of paying them. in the forum Help Needed! https://www.propertyinvesting.com/topic/4992704-build-2-houses-and-give-half-to-the-builder-as-a-negotiated-way-of-paying-them/#post-4993050 Thu, 24 Jul 2014 22:52:33 +0000 Hey All,
Thought I could offer some feedback in regards to this. Around 10 years ago a builder approached my mates parents who were both close to retirement. They had a block of land in Airport West around 650m and had made no indication to sell or downsize but none the less this builder who they had not met, was simply door knocking!

His offer…[Read more]

]]> 3c250b6a4281cb916b605504d6a58617 Ben started the topic Recommendations for Accountant/Financial Adviser (Melbourne)? in the forum Help Needed! https://www.propertyinvesting.com/topic/4993049-recommendations-for-accountantfinancial-adviser-melbourne/ Thu, 24 Jul 2014 22:24:25 +0000 Hi All,

I am looking for some recommendations for a good accountant/financial adviser that can assist me with both structuring my upcoming development and investments portfolio but also someone that can offer financial guidance as part of their service.

I am very new to property and looking to form a great team of experts that can help assist me…[Read more]

]]> 2ffdc8847666c5c7b302de229f6493ed Ben replied to the topic New development but no storm water? HELP in the forum Help Needed! https://www.propertyinvesting.com/topic/4992346-new-development-but-no-storm-water-help/#post-4992408 Wed, 02 Jul 2014 01:45:17 +0000 Hi Ben,
Thanks for your very detailed response!

Yeah it is quite crazy this practice was allowed. Our down pipes run into the ground and I did follow them to the end of the property where they just go off into the soil which is basically right up against the neighbors fence. The funny thing though is I spoke to my left neighbor who also shares…[Read more]

]]> 3a4196c4cf67c8a2ef3d73b990a28a72 Ben started the topic New development but no storm water? HELP in the forum Help Needed! https://www.propertyinvesting.com/topic/4992346-new-development-but-no-storm-water-help/ Mon, 30 Jun 2014 00:08:54 +0000 Hey All,

I am currently in the process of developing a dwelling to the rear of my PPOR and have just discovered we have no storm water. My block slopes to the rear with about a fairly decent slope (roughly 5m from curb)

I have spoken with Council who confirmed this and also my neighbor who actually showed me his storm water pipe running into the…[Read more]

]]> 684c76a6e3807b1eb11f3c0950186a98 Ben replied to the topic What will give me the best return? in the forum Help Needed! https://www.propertyinvesting.com/topic/4991893-what-will-give-me-the-best-return/#post-4992282 Fri, 27 Jun 2014 10:10:39 +0000 Very interesting post as I would never have considered renting out my PPOR and renting somewhere cheaper but It does make some sense. For example my wife is keen to move back closer to her family which would be about $150 less to rent than what I could get for my place so that extra money could then pay off the mortgage plus then get the tax…[Read more]

]]> 44fb47d962308d8dfd0cc8dbfb3a65f3 Ben replied to the topic Hypothetical question in the forum Help Needed! https://www.propertyinvesting.com/topic/4991455-hypothetical-question-2/#post-4991457 Fri, 06 Jun 2014 21:45:35 +0000 I have not done a heap of research on these areas but know them all quiet well. If you are looking for the best capital growth then I personally think coburg would beat the rest hands down. Coburg from what I have read is a bit of a hot spot at the moment as many of the inner melbourne suburbs on the same side are becoming quiet expensive. That…[Read more]

]]> 36845f34b9983625677328074631fd44 Ben started the topic Construction Loans? What can they include? in the forum Help Needed! https://www.propertyinvesting.com/topic/4991437-construction-loans-what-can-they-include/ Fri, 06 Jun 2014 01:05:41 +0000 Hi All,
I was hoping someone might be able to shed some light on what construction loans can include?
As i have said in a number of other posts I have finally got council approved plans and permits and am ready to start shopping these around to builders. I have a budget in mind but that includes a few things outside of just the construction and I…[Read more]

]]> 39fcb5e75072c1b55fc50f5cfa3cb544 Ben replied to the topic Using credit card to reduce interest repayments in an offset in the forum Creative Investing https://www.propertyinvesting.com/topic/4410920-using-credit-card-to-reduce-interest-repayments-in-an-offset/#post-4991420 Thu, 05 Jun 2014 02:32:35 +0000 I do this but a few warnings and considerations i have had to learn the hard way. It sounds like a no brainer but just make sure you fully understand the T&C’s of the credit card you are using. I mistakenly did not pay back the required amount for a month and it took 2 months before they would reset the balance. The cost to me was about $120 in…[Read more]

]]> 286b6ddd3247cf2d0e0d3c78f94491c6 Ben replied to the topic It's almost June (what have you achieved) in the forum Help Needed! https://www.propertyinvesting.com/topic/4991019-its-almost-june-what-have-you-achieved/page/2/#post-4991268 Sun, 01 Jun 2014 21:45:16 +0000 I received my planning permit with little hesitation from the council to develop at the rear of my block which should be commencing in the next 4-6 weeks. It only took 6 months for everything and I’m building the place I want as well. I’ve completed some renovations on the PPOR including a stacked stone fireplace which has been absolutely…[Read more]

]]> 6b7b3630d5093da2bb08bc59048bad4c Ben started the topic Lending from parents (Pros and Cons)? in the forum Help Needed! https://www.propertyinvesting.com/topic/4991158-lending-from-parents-pros-and-cons/ Thu, 29 May 2014 23:37:12 +0000 I’m interested to hear peoples thoughts on loaning from parents versus the bank.
I am about to get a construction loan of around $250,000 which i am not sure if this is correct but hear it carries a slightly higher interest rate?

Even If this is not the case and it is around 5.2% then I have spoken to my parents who have agreed to loan me the…[Read more]

]]> 0042775776a9ab5af92f0a29ed990a8a Ben replied to the topic Cross Collateralizing in the forum Finance https://www.propertyinvesting.com/topic/4991057-cross-collateralizing-2/#post-4991091 Wed, 28 May 2014 05:37:50 +0000 Thanks Jamie
The plan is to sell the rear dwelling upon completion so it will not be used as an IP.
Once settled I then plan on having the front property valued and will then purchase it from my brother at the valued price.

Is there any special consideration I should make with this scenario? or as suggested just split the build loan into our…[Read more]

]]> 2072e8ddea03d4cc9c3c1ff293bf86a9 Ben replied to the topic Cross Collateralizing in the forum Finance https://www.propertyinvesting.com/topic/4991057-cross-collateralizing-2/#post-4991085 Wed, 28 May 2014 02:16:52 +0000 Hey Richard,

I know very little about cross collateralizing (Just spent 20 minutes reading) and can quite easily see the negatives associated with this structure. Actually i do not think i saw one article promoting it!

Just on my situation though, I have a split loan with my brother for our PPOR through Bankwest. We have been approved to…[Read more]

]]> b27acb029970e37728156a42e5fb3132 Ben replied to the topic Leveraging Investment property to purchase first home in the forum Help Needed! https://www.propertyinvesting.com/topic/4990691-leveraging-investment-property-to-purchase-first-home/page/2/#post-4991033 Tue, 27 May 2014 00:27:30 +0000 Unfortunately I may not be able to return the wisdom in regards to photography. I actually no less about that than i do about property investing. haha

I currently own my PPOR with my brother on a split loan with Bankwest. We both have separate offset accounts which offset our individual loans.

As i mentioned we have just received our planning…[Read more]

]]> 6dc502c0a7ce44cf0030cf1983ca1554 Ben replied to the topic Leveraging Investment property to purchase first home in the forum Help Needed! https://www.propertyinvesting.com/topic/4990691-leveraging-investment-property-to-purchase-first-home/#post-4991027 Mon, 26 May 2014 22:54:52 +0000 Hey Jamie,
Firstly i just want to say a big thank you for all your assistance on these forums, your continued advice and guidance is always extremely appreciated.

I think a valuable lesson I am learning is to wait until the morning to try and understand something because at night after a days work my brain basically does not function! haha.
First…[Read more]

]]> 13b483b82aaefdc0b1871178eae6191b Ben replied to the topic Leveraging Investment property to purchase first home in the forum Help Needed! https://www.propertyinvesting.com/topic/4990691-leveraging-investment-property-to-purchase-first-home/#post-4991020 Mon, 26 May 2014 10:56:53 +0000 Hey Jamie Im still having trouble getting my head around how it works. If I have 100k of actual equity, why can I only access 10k? Could you maybe give me an example of how the figures work?

If my home is valued at 450k and my loan is 350k If I want to buy an IP of say 300k then I would require 60k for a deposit of 20%. I thought in that…[Read more]

]]> 780663a08e098fbcf968962870cd2b0d Ben replied to the topic Leveraging Investment property to purchase first home in the forum Help Needed! https://www.propertyinvesting.com/topic/4990691-leveraging-investment-property-to-purchase-first-home/#post-4991009 Mon, 26 May 2014 06:48:53 +0000 Very interesting post and a lot of food for thought.
One thing I am curious about is how the equity loan works? Is it any different to a standard home loan? As in does it have the same interest rates, can it be paid over the same long period.etc?

For example my home loan is 350k and my home is valued at 450k meaning i have 80k equity…[Read more]

]]> 7ceb52f500a7b5d206059c00ae7eeda4 Ben replied to the topic Another "Getting Started" Question... in the forum Help Needed! https://www.propertyinvesting.com/topic/4990833-another-getting-started-question/#post-4990892 Thu, 22 May 2014 22:34:02 +0000 Your most welcome Pat :)
As i continually keep saying I myself am like you and just starting out and things such as this forum are absolutely invaluable. Forum users like SuperAndrew and Richard Taylor will be much more educated and informed to give you the right advice.

I always like to offer out suggestions though as i find it the best way to…[Read more]

]]> 3cee6f5f2fe4cfea80b06a9b0b08ec57 Ben replied to the topic Help me understand how tax works on positively geared property. in the forum Help Needed! https://www.propertyinvesting.com/topic/4990837-help-me-understand-how-tax-works-on-positively-geared-property/#post-4990868 Thu, 22 May 2014 05:17:17 +0000 Hey Jamie,

Thanks for sending that through. You have written that article extremely well and very easy to understand.
I guess the thing I am still having trouble with though is can you claim any tax benefits when your property is positively geared?

Take your positively geared example from your blog:
Total investment property costs $2,000
Total…[Read more]

]]> 11e797828c515774026409c9ec610ec9 Ben replied to the topic Help me understand how tax works on positively geared property. in the forum Help Needed! https://www.propertyinvesting.com/topic/4990837-help-me-understand-how-tax-works-on-positively-geared-property/#post-4990865 Thu, 22 May 2014 04:26:55 +0000 Thanks again super!
If possible could you just run through an example for me how this works?

]]> 146ba9f1d8f8583b3dc4550e1522d84a Ben replied to the topic Another "Getting Started" Question... in the forum Help Needed! https://www.propertyinvesting.com/topic/4990833-another-getting-started-question/#post-4990861 Thu, 22 May 2014 03:29:38 +0000 Thanks Super
I did not calculate the deposit component but also did not add the closing costs which on that amount in QLD would be $7700. This changes it to cash flow positive $25.

And i do apologise for my brash statement that “in this day and age there is pretty much no such thing as positive geared property on a principle and interest loan” I…[Read more]

]]> 52612791d76e35d0e56b73bae39144e3 Ben replied to the topic Another "Getting Started" Question... in the forum Help Needed! https://www.propertyinvesting.com/topic/4990833-another-getting-started-question/#post-4990851 Thu, 22 May 2014 01:08:42 +0000 Hey SuperAndrew,

As i said in my initial post I am new to this myself so only offer advice on my understanding so definitely appreciate any fixes to my incorrect statements :)

That being said i am hoping you could help clarify something. In your thread there is a property listed for 23/460Ann St for $250,000 currently renting at $360 per week.…[Read more]

]]> 84f5ebfa7b4d591f61349a45c9597cd7 Ben replied to the topic Another "Getting Started" Question... in the forum Help Needed! https://www.propertyinvesting.com/topic/4990833-another-getting-started-question/#post-4990844 Thu, 22 May 2014 00:12:34 +0000 No you would not be making money effortlessly because as far as i am aware (happy to be proved wrong) in this day and age there is pretty much no such thing as positive geared property on a principle and interest loan. What that means is if you do find a positively geared property your loan would be interest only. Your tenants would not be paying…[Read more]

]]> 7caf6041a758159aa5f36a5535bb572f Ben replied to the topic Another "Getting Started" Question... in the forum Help Needed! https://www.propertyinvesting.com/topic/4990833-another-getting-started-question/#post-4990840 Wed, 21 May 2014 23:47:28 +0000 Hey Pat,

I really think you should be looking for a properties you can make quick capital gains on as opposed to a buy and hold strategy. Are you handy with the tools or have access to others that could help at the fraction of the cost on a renovation?

Given you have 0 equity and your combined income is only o.k then you need to look at other…[Read more]

]]> aef821f01b92b0a50278adb6ab34af08 Ben started the topic Help me understand how tax works on positively geared property. in the forum Help Needed! https://www.propertyinvesting.com/topic/4990837-help-me-understand-how-tax-works-on-positively-geared-property/ Wed, 21 May 2014 23:18:01 +0000 Hi All,
I am hoping to get a better understand of how tax works on positively geared property. So much is written about the tax benefits of owning a negatively geared property but as Steve says many times in his books, I would rather be receiving positive cash flow!

I do understand how negative geared property brings down total earnings whilst…[Read more]

]]> 0356a10af6a13f2d8ea166667e70ce49 Ben replied to the topic Another "Getting Started" Question... in the forum Help Needed! https://www.propertyinvesting.com/topic/4990833-another-getting-started-question/#post-4990836 Wed, 21 May 2014 23:07:47 +0000 Hey Pat,
Welcome aboard! As i say in all my posts i myself am new to property and like yourself have been spending extensive time researching. The reason I mention that is because any advice i give is just my opinion and may not be the right advice for you, but i like to offer it anyways as it helps me as well :)

Firstly I think you are in an o.k…[Read more]

]]> baffb274bdca3b548ae28e7ce2e384b9 Ben replied to the topic Robert Kiyosaki cash flow 101 -aka rich dad poor dad(western suburbs melbourne ) in the forum Help Needed! https://www.propertyinvesting.com/topic/4990671-robert-kiyosaki-cash-flow-101-aka-rich-dad-poor-dadwestern-suburbs-melbourne/#post-4990711 Mon, 19 May 2014 04:46:37 +0000 Hey Daniel,

I am from the west and would love the opportunity to catch-up with fellow investors.
I myself do not yet own an IP and plan on spending the next year educating myself and see this as a perfect opportunity to learn even more.

So when you decide to arrange something, let me know and i am in. Just make sure wherever it is has good coffee :)

]]> 20af9d2e45c2944d1da1311b20ad6c3d Ben replied to the topic new layout in the forum Site Problems / Feedback https://www.propertyinvesting.com/topic/4740057-new-layout-2/page/4/#post-4990447 Tue, 13 May 2014 02:35:26 +0000 Without reading through all the pages in this post I just finished 0 -130 (LOVED IT STEVE!).
But the book makes endless mention of registering my copy along with some mentoring program that i cannot seem to find anywhere on this site?

]]> b41fee276dd0c4db29c10677ef71f83e Ben replied to the topic INSTANT EQUITY FROM SUBDIVISIONS? in the forum Help Needed! https://www.propertyinvesting.com/topic/4990219-instant-equity-from-subdivisions/#post-4990284 Fri, 09 May 2014 01:39:53 +0000 Hey Grant,

Again I am all very new to this myself so any advice I give please do not take as gospel, it is just my understanding from all the reading and research I do.

Option 1 I may be missing something but am quite confused. You say the market value is basically 1.1mil but you are going to make an offer 400k below this? I appreciate it is a…[Read more]

]]> c9e3a65264b78e7cabd9f6fca24d14e7 Ben replied to the topic INSTANT EQUITY FROM SUBDIVISIONS? in the forum Help Needed! https://www.propertyinvesting.com/topic/4990219-instant-equity-from-subdivisions/#post-4990253 Thu, 08 May 2014 02:13:55 +0000 Hey Granted,
Welcome aboard! I am fairly new myself and to property and this forum in the short time i have been a member has already given so much meaningful insight.

To answer your above question then on a parcel of land of that size I would be much more inclined to go for 3 or even 4 lots if possible. The reason for this is if you split into 2…[Read more]

]]> 2d227e0aa766fe796f8fe41a370e31ef Ben replied to the topic Are buyers advocate worth it when using a renovation strategy? in the forum Help Needed! https://www.propertyinvesting.com/topic/4990209-are-buyers-advocate-worth-it-when-using-a-renovation-strategy/#post-4990249 Wed, 07 May 2014 22:39:57 +0000 Thanks Jamie
I am thinking for my first attempt I will probably try and source my own property and see how I go (you never know if you never have a go).

My thinking being If i make a mistake it might cost me say 10k compared to if a BA sourced something decent for me(given I still do a lot of my own research and be very diligent, otherwise i…[Read more]

]]> fbc7680b8929b60f06be26d1a370a984 Ben replied to the topic Are buyers advocate worth it when using a renovation strategy? in the forum Help Needed! https://www.propertyinvesting.com/topic/4990209-are-buyers-advocate-worth-it-when-using-a-renovation-strategy/#post-4990213 Wed, 07 May 2014 07:37:13 +0000 Hey Jamie,

Thanks for the speedy reply.
It would need to be a Melbourne based purchase where i am from as I would be doing a lot of the work along with my contacts. Even better would be one close to my current location (North West Melbourne) so I can easily access it after work and during weekends.

Are you saying if its a local purchase you…[Read more]

]]> 26d53c19ab4c398477eb120a61633aa8 Ben started the topic Are buyers advocate worth it when using a renovation strategy? in the forum Help Needed! https://www.propertyinvesting.com/topic/4990209-are-buyers-advocate-worth-it-when-using-a-renovation-strategy/ Wed, 07 May 2014 06:55:39 +0000 Hey All,

I wanted to get peoples opinions on whether or not they believe a buyers advocate is worth the price when attempting to go down the path of a renovation strategy.

I am new to property and looking to find a niche just to get me started and feel this strategy may work best for me. I am fairly handy with the tools and have cheap access to…[Read more]

]]> 4cd607ddce9af7f6e9a5e1c8d2fa53f9 Ben replied to the topic PLEASE Point Me In The Right Direction in the forum Help Needed! https://www.propertyinvesting.com/topic/4990179-please-point-me-in-the-right-direction/#post-4990203 Wed, 07 May 2014 01:40:41 +0000 Hey guys,

Wondering if anyone knows the same but in Melbourne?

Cheers
Ben

]]> c823c19cc1e75381e5a9596a4f433f73 Ben started the topic What is the best online real estate resource (statistics, developments.etc)? in the forum Help Needed! https://www.propertyinvesting.com/topic/4990166-what-is-the-best-online-real-estate-resource-statistics-developments-etc/ Mon, 05 May 2014 22:36:21 +0000 Hi All,

I was just curious as to what people think is the best online real estate resource to actively monitor?
Just to elaborate I am very new to real estate and am planning to spend the next year just getting a feel for everything, reading as much as possible and learning.

Apart from this fantastic site which I read through the forums each day…[Read more]

]]> 7feab35b87768fdee6857c7809f6c867 Ben replied to the topic Positively Cashflow - Looking for example how you keep buying? in the forum Help Needed! https://www.propertyinvesting.com/topic/4989737-positively-cashflow-looking-for-example-how-you-keep-buying/#post-4990137 Sun, 04 May 2014 22:52:59 +0000 Hey JacM and Mattsta,

Thank you for your detailed explanations. Both scenarios make plenty of sense :)

]]> 5c77d195fde855513e46e7aeecda1d1a Ben replied to the topic Positive Cash Flow Properties - Real world examples in the forum General Property https://www.propertyinvesting.com/topic/4989954-positive-cash-flow-properties-real-world-examples/#post-4989968 Thu, 01 May 2014 06:43:43 +0000 Thanks mate, that spreadsheet is fantastic.

Cheers and i look forward to hearing more about your application.

Cheers

]]> 249e1a5e3fa81c66142bf95eca51b75a Ben replied to the topic Positive Cash Flow Properties - Real world examples in the forum General Property https://www.propertyinvesting.com/topic/4989954-positive-cash-flow-properties-real-world-examples/#post-4989960 Thu, 01 May 2014 03:05:06 +0000 Hey SuperAndrew,

I am really interested to learn more about your application. How far developed is it?

Also how did my other sums stack up? Would you say i am on the right path? Or am missing a few key things?

]]> c258de69bd7ce82d2b72062c313a2bdf Ben replied to the topic Positive Cash Flow Properties - Real world examples in the forum General Property https://www.propertyinvesting.com/topic/4989954-positive-cash-flow-properties-real-world-examples/#post-4989956 Thu, 01 May 2014 02:38:51 +0000 Hey superAndrew,

These look like some really decent finds. I myself am halfway through Steves book so still learning so much.
Could i just ask what would be your sums on say the Wynard property to get the end positive cashflow result?

Just roughly I would think 210k purchase including closing costs. So a 42k deposit to avoid lenders insurance…[Read more]

]]> 4a978fbdd981da56d6a61e70218d6d18 Ben replied to the topic Main Residency to completey avoid CGT? in the forum Help Needed! https://www.propertyinvesting.com/topic/4989879-main-residency-to-completey-avoid-cgt/#post-4989914 Tue, 29 Apr 2014 22:23:21 +0000 Thanks for the quick replies.
I definitely think you are both correct and this is something I should be discussing with a property savvy accountant before we even begin the development.
Time for a Google search!
Cheers

]]> b539ea7c9fd905c70b665cfd0e772ea2 Ben started the topic Main Residency to completey avoid CGT? in the forum Help Needed! https://www.propertyinvesting.com/topic/4989879-main-residency-to-completey-avoid-cgt/ Tue, 29 Apr 2014 07:18:46 +0000 Hi All,
I have made a few recent posts on this forum as I am just about to start the exciting venture of building a townhouse at the rear of my property (planning permit approved). My brother and I both own the property and the development will be a joint venture so everything is 50/50.
Our plan is to develop the rear property and sell for profit…[Read more]

]]> ceb4d0d94d3a077ce3d2a742aff3d1e9 Ben started the topic Tax depreciation and renting to family questions in the forum Help Needed! https://www.propertyinvesting.com/topic/4989834-tax-depreciation-and-renting-to-family-questions/ Sun, 27 Apr 2014 23:08:00 +0000 Hi All,
I was just hoping to get a better understanding around a certain scenario i am considering.
Just quickly I am about to start a build at the rear of my property and once completed in about 9 months time I will be moving into the property for 1 year to avoid the capital gains hit. Once a year passes I will be selling the property and then…[Read more]

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