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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Ep86 - Town Taster - Heatherton
Ep85 - Matt Srama - Melbourne Buyers Looking for the Queensland Ray of Sunshine
Ep84: Ash Marton - Understanding the Statement of Information
Ep83: Andrew Butler - Sewerage vs Septic: Know Which Suburbs Still Have Septic When Buying a Property
Ep82: Zhi Goh - Vacate Cleaning - What's the Best Way to Get Your Bond Back
Ep81 - Town Taster- Fitzroy
Ep80: Sophie Lyon - Signing a Tenancy Agreement - What to Look Out For
Ep79: Frank Valentic - Signing An Exclusive Sales/Auction Authority - What to Look Out For
Ep78: Nello Traficante - Using the Equity in Your Home to Buy an Investment Property
Ep77: Angelo Soldatos - It's Just a Board - Things We Need to Know When Putting Up a Board
Ep76: Kiani Mills - What Type of Deposit Can You Use to Buy a Property?
Ep75: Town Taster - Heathmont
Ep74: Nicole Jacobs - Choosing the Right Vendor Advocate for You
Ep73: Evan Davis - The Difference Between a Bank and a Mortgage Broker
Ep 72: Bill Pastou - The Importance of a Pre-Purchase Building Inspection
Ep71: Josh Summers - Flipping Properties
Ep70: Town Taster - Point Cook
EP69: Sophie Lyon - Residential Tenancy Bonds - What's the Procedure from Start to Finish
Ep68: Kiani Mills - Stamp Duty Concessions
Ep67: Frank Valentic - Top 10 Questions You Should Ask Your Agent When Buying Property
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