speak to one of the depreciation companies, they'll give you an estimate of returns
need to consider whether it's a capital expense as @Terry_w said, or a repair; as this will determine how you deduct it
I just use google drive, the files are still stored locally on my computer but are also backed up to the cloud in case of a crash etc. I just file...
All my invoices and paperwork are electronic and so as soon as I receive it I'll download it and put it into an appropriate folder (backed up...
Acronyms & Glossary List
DFS is first week Feb, so either this or next week
@The Y-man @Thunder in the name of a trust or company?
Drawing down your IP and paying down PPOR debt would definitely not make the interest on this drawdown deductible, as you haven't used it for...
@wombat777 buy @Bran several beers if it goes well
@JohnHalas search for 'rentvesting' here on the forums, you'll get some excellent info
Fairly sure (In VIC anyways) tenants need to have the carpet steam cleaned prior to vacating. If you needed to do a bond clean I'd be asking why...
Hi @brettc is there any way of adding on flood cover before we renew for existing policies?
@chylld yeah agreed, and as @2FAST4U said, there was a few things there that definitely didn't make him the best candidate for a loan
@chylld yes sorry didn't realise there was an existing thread, feel free to remove mods :)
His property was too small so bank walked away Surely NAB can't walk away after an approval? Could've been a pre approval I guess, doesn't sound...
@Ros Definitely try to have them all on one lease as this will save you a huge headache, but generally if picked well shouldn't be an issue and...
@Hwangers there's really no difference in waiting anyways until you have the reno's done, nothing happens till tax time anyways
@Hwangers yeah for me it was actually changing an unfurnished property to furnished so the initial schedule had no furniture included and once it...
@Hwangers I use BMT and they let me update my initial one for free after some work was done, just sent in photos and description of work done
@Sonamic if it's well looked after much longer than that. Either way, burn marks in a benchtop are not usually wear and tear, but as you said, if...
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