Property Investment, Investment Properties, Retirement, Melbourne
by Jay Anderson
A client, Sonja, bought an investment property that’s seen better days. Sonja has a budget of $15,000 to spruce the house up to attract a new tenant. Unfortunately, this won’t be enough to fully renovate. Sonja has asked us where she should focus her energy. We had a look at Sonja’s house and ...
by Jay Anderson
Loan Mortgage Insurance is a fact of life for many property investors. If you need to pay the insurance on a loan on an investment property, make sure you claim it as a tax deductible expense. You can deduct the expense over five years or, if the loan is for a briefer period, for the period of the ...
by Jay Anderson
One of the most common fears new investors face is negotiation. Many people, especially new investors dread having to discuss prices and terms with real estate agents and sellers. So what can you do to prepare for negotiating over a property you want to buy (or sell)? Know your top and bottom ...
by Jay Anderson
Starting a property portfolio as a young person is a challenge, but not an unbeatable one. If you are younger and hoping to buy an investment property or if you’re helping someone plan their first step on the ladder, here are our hints. Make a plan Decide why you want to invest. What are your long ...
by Jay Anderson
Steve is looking for investment properties to add to his portfolio. He’s been a landlord for years and at the moment, he owns four 2-bedroom units: three in Melbourne and one in Sydney. He’s looking to buy again, but he’s wondering if he’s limiting himself too much by sticking to 2-bedroom units ...
by Jay Anderson
Credit card debt can be crippling. With many institutions offering debt consolidation, it is tempting to rid yourself of the high credit card interest rates in return for a lower, long term rate that comes, for example, with a personal or home loan. Here’s our take: It depends on why you have so ...
by Jay Anderson
This is when you take your home mortgage (which isn't tax deductible) and convert it into an investment loan (which is tax deductible). If you manage this well and within legal guidelines, you put all of your investment earnings into the investment loan. You are then paying off your mortgage, while ...
by Jay Anderson
We have a lot of very happy clients at the moment. Why wouldn’t they be? Property prices continue to rise – long past when some experts predicted they would start to fall. The rising prices have been great for our clients who have managed to get on the investment property ladder. Some of their ...
by Jay Anderson
Trading, flicking, renos, The Block. It feels like we’re inundated with tales of quick riches made through doing up property. What we don’t see so much, though, are the investors who lose money, or who invest in renovations that don’t pay adequately for the risk. We don’t generally recommend trades ...
by Jay Anderson
Bad jokes aside, asbestos is the name of a group of naturally-occurring fibrous silicate materials. Because of its strength, cost-effectiveness, weather-resistance, flexibility and insulating capacity, asbestos was mined and used widely in building. What is the problem with asbestos? Unfortunately, ...