When do you hit that sweet spot in your mortgage that you can think about using the equity in your home to buy an investment property? How do you go about talking to banks and your accountant about the possibilities? Today we are going to find out how you can use the equity in your home to build that investment portfolio you've always wanted, and make your capital worth grow.
Nello Traficante, Director and Founder of Bellmont's Accountants and Advisors has had 35 years experience in structuring and advising clients about how to purchase property.
1. There are a lot of home owners making monthly repayments on their home loans, but not realising that there is plenty of capital in their homes to leverage it to buy an investment. What percentage of equity should we have in our home to start looking at investing?
2. What type of property makes the best investments for first time investors?
3. Who should we have on our team when buying an investment property for the first time?
4. What sort of return should we be looking at?
a). How much of that return should we be putting aside each month to cover extras, like maintenance, property manager fees, council rates, etc?
5. How do we structure a property purchase to make it tax effective?
a). Lidia from Sunshine wants to know, do we need to set up an ABN or a trust to invest in property?
6. What can we claim as depreciation?
a). Can travelling to our property be a tax deduction?
b). What about when the property is vacant, is there any special deductions?
7. What are some of the common mistakes first time investors make when buying their investment property?
Nello can be contacted by email: admin@bellmonts.com.au
or call: (03) 8849 0090.
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Replay Ep78: Nello Trafficante - Using Your Equity to Buy an Investment
Replay 61: Tonya Davidson - Tips When You’re Preparing Your Home for Settlement
Replay Ep42: Nicole Jacobs and Barry Sloan - Auction Tactics
Replay Ep23: Josh Hommelhoff - The Pros and Cons of Short and Long Settlements
Replay Ep16: Zali Reynolds - What To Look For in Your Advertising Schedule
Replay Ep 120: David Banks - Should I Buy First or Should I Sell First?
Ep156: Luke Piccolo How To Strategise Your Buying Ability Around Interest Rate Changes
Ep155: Sophie Lyon - An Update on the Residential Tenancy’s Act and Paying Bonds Online
Ep154: Frank Valentic - Spring Auction Strategy
Ep153: Rhys Jaconley - Case Study: Buying Your First Investment Property
Ep152: Megan Taylor - How to Apply for Your First Rental Property - Understanding Both Sides of the Story
Ep151: Michael Hain - Security Options - What You Need to Know
Ep150: Cynthia Peretz - How Women Can Feel Empowered to Buy Property
Ep149: Case Study - Beau and Thy Vinar - Customising a Display Home to Make It as Individual As You
Ep148: Dean Davis - Transforming Your Kitchen on a Budget When You Want to Sell
Ep147 - Goro Gupta - How To Create High Cash Flow Investments
Ep146: Jim Malamatinas - Finding a Viable Development Site
Ep145 - Evan Davis - What Is Bridging Finance?
Ep144 - Case Study: Applying for Numerous Rental Properties and Getting No Where
Ep143: Phil Mammolito - Buying a Business
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