Covering many issues for returnee - and the rest of us - including taxation, negative gearing, location and asset selection.
The Wakelin Blog
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The fate of many a direct residential property investor's overall experience is often set by the first months and even weeks of their initial foray. Those who get off on the right foot as a landlord invariably go on to greater success. But those who encounter troubles at the start frequently never recover from the trauma such that property investment becomes a never-to-be-repeated scar on their psyche...
Jarrod McCabe and Howitt Partners' Charles Howitt consider how much spare monthly cash flow is required to finance an entry level ($400,000) investment-grade property, based on the following assumptions: Investor borrows $400,000 100% LVR, secured with home Transaction costs paid up front with cash Mortgage interest rate of 5%, interest only Gross rental income of 3.5% 25% of gross rent allocated to management/maintenance costs. They consider the result for a top-rate and second-tier marginal tax rate payer. You may be surprised at the numbers! Want to automatically receive our blog updates? Subscribe to our RSS feed and you'll be sent an email each time a new entry is posted. Click here.
View the report from ABC TVs The Business on State Governments announcement that they will be writing to property spruikers, including Richard Wakelins reaction. Want to automatically receive our blog updates? Subscribe to our RSS feed and youll be sent an email each time a new entry is posted. Click here.
Don’t be surprised if there is a knock on your door or letter in the post in coming months from a friendly developer. Contain your joy if they make you an unsolicited offer that seems generous even in today’s strong market. And definitely don’t start negotiations until you’ve sought independent advice. Be wary because you may be the target of a clandestine raid to secure your property on the cheap...