The OpenCorp Live Q&A Show is done and dusted for 2019 and we’ve gone out with a bang! Here is a replay of the Facebook live stream recorded on December 5th in which our panel of experts, including OpenCorp directors Al Lewison and Michael ‘Boz’ Beresford, answer viewers’ questions around all things investing in property…
By Cam McLellan, Director, OpenCorp An asset is something that makes things better. Let’s look at a few basic examples of assets and liabilities before I explain them in more detail – and you can try to pick which is which. An investment property that puts money in your pocket each month and has…
Credit Cards: Beware the Evil Financial Instrument Walking Among Us! By Cam McLellan A little while ago I went on a rant against sharks in the property industry, those smooth-talking scammers who feed off humble, honest investors with expensive bogus seminars or dud properties. They will always remain one of my most hated types of…
At the end of the year as we get closer to Christmas, I always find people start thinking about how great it would be if they didn’t have to go back to work. This brings them to thinking about how much they will need for each year of retirement and how to go about accessing…
In property investing cross collateralisation is one of the big no-nos if you want to keep your own home safe from the banks. Watch our Property Workout of the Day to learn how to avoid this easily made mistake.
It’s a property investors best friend, so why do so many people neglect their depreciation schedules at tax time? In today’s Property Workout of the Day we take a look at everything you need to know about depreciation schedules.
By Michael Beresford A lot of property investors ask us about the best way to maximise their tax benefits. In terms of what you can claim, the best person to talk to is your accountant but as a general rule, every expense associated with an investment property is tax deductable. This excludes stamp duty and…
By Cam McLellan In order to mitigate risk, it is smart to avoid cross-collateralising or securing numerous properties with the same bank, particularly when it comes to your own home. We always disclose everything to banks but it is good to have your own home with one bank, your investment property with a totally different…
Many of you have asked, when investing as a couple, is it best to put one or both of your names on the property? We take a look at your options in today’s Property Wealth Workout of the Day.
You keep hearing about the eighth wonder of the world – compound growth. What’s so good about it and how do you calculate a return on compound growth? Explained in today’s Property Wealth Workout of the Day.
It’s one of the hurdles that property investors can face, but having your loan application rejected is certainly not a game-ender. Michael Beresford discusses this viewer question in our Property Wealth Workout of the Day.
So you’ve finished school, enjoyed yourself (and spent your savings), brought a house but are now looking at a large credit card debt. When you find yourself some spare cash, you should be reducing your debt right? In today’s WOD we look at that might not necessarily be the right step.
By Michael Beresford UNLESS YOU’VE BEEN HIDING UNDER A ROCK OR OVERSEAS for the past few months, no doubt you’ll have heard about the changes the Australian Prudential Regulatory Authority (APRA) is introducing through banks to effect change in the lending system within Australia. Going by the number of calls I’ve taken from clients of…
Ever wondered how the banks work out your borrowing capacity for your primary place of residence and property investments? Michael Beresford gives you a quick snapshot in today’s Workout of the Day.
How could it possibly be that paying down your debt is a bad idea? When it comes to property investing, you need to know why so today Cam and Al are going to talk about Principle and Interest.
By Pat Mannix In recent months I’ve had a number of conversations with clients who are building new residential properties, a couple intending to keep the property and rent it out and some intending to sell for a profit. When I informed these clients of the potential tax implications of selling, they were quite surprised…
We all know the story, we believe the house we want to purchase is worth XX amount of dollars, but how do we know the bank will value it at the same amount and give us the loan we need? Steve Hogarty is back again to explain.
Whether you’re a first time or experienced investor, understanding property finance is a must! The number-one reason most investors never own more than one property is finance. Listen to established property investor Michael Beresford discuss the importance of setting up your property finance correctly.
Senior Investment Consultant Steve Hogarty is back to explain how your income will be affected by your property investment when it comes to tax time.
By ALYSHA VAN DREUMEL & PAT MANNIX When the government allowed property gearing through superannuation in 2007 it didn’t explain the steps involved or warn about the hazards that can be faced. GEARING investment properties through your self-managed superannuation fund (SMSF) offers brilliant tax savings and is a great retirement planning idea, but it can…
With all this talk of tighter lending for investors, how will APRA’s recent changes affect you? Cam McLellan and Michael Beresford discuss.
We often talk about not cross-collateralising your loans but is there a point in your investing journey when it is safe to consolidate your debt? Cam McLellan answers this viewer question.
Let’s talk about leverage and other people’s money again. When we’re purchasing our investment property is it better to put in a 5%, 10%, 20% or more deposit?
As many of you will know, we recommend renting where you want to live and accumulating your portfolio before buying your own home. So how much should you be spending (or not spending) on rent?
By Cam McLellan The number one reason that 99% of the Australian population are not wealthy, is because they don’t understand assets and liabilities. Let me explain the difference between an asset and a liability. In the investment world, an asset is something that makes you money and a liability is something that costs you…
Cash or equity, what is better for funding your investment properties?
What is negative gearing, what is it designed to do, and what would happen if changes were made to it?
How do you ensure that you maximise your borrowing capacity and what steps should you take to ensure that you get the most out of the bank.
Using equity to purchase your investment properties is a concept that can be hard to grasp. Today we take a look at how to take advantage of your equity.
It’s Friday so the Property WOD teachers have some homework for you. Today Cam and Al discuss important financial checks and reviews, as well as what else you should be doing to ensure you are achieving your goals for the year, before it’s 2016 already!
What do Monopoly, delayed gratification and building your portfolio have in common? We take a look at some of the things that can get you investing earlier.
Finance for investment properties can be very tricky to understand. In today’s WOD we look at applying for loans; should you be looking at fixed terms? How does your loan affect accessing your equity? Can banks share information and how your credit file affects your loan application.
What structures should you be looking at when buying in your personal name in order to make sure you maximise your tax benefits.
Michael Beresford takes the drivers seat for today’s Property Workout of the Day to discuss maximising your tax with regards to your investments.
Is abolishing negative gearing really the solution to the increasing house prices and affordability? Cam and Al discuss.
Michael Beresford explains how to take advantage of negative gearing from your property portfolio.
When you’re holding a larger asset base how do you go about ensuring more asset for little out of back pocket expense and make your tax work for you.
Established property or new build? How do I get a new build for the same price as an established property? Established property or new build? How do I get a new build for the same price as an established property? How does depreciation affect my decision? How does depreciation affect holding costs? Long time WODer,…
Don’t get caught out by hidden costs, make sure you understand exactly how much you need to start building an investment portfolio.
Getting multiple loans for your investment properties can be a scary thing, here are our tips on finding your confidence.
Before you start looking for a property investment you need to understand your borrowing capacity – we run through the reasons why.
Source: YIP magazine It is that time of the year again to get your documents together in readiness for your accountant to lodge your annual income tax return. Here are our top tax time tips for your end of financial year preparation: 1) Understand what you can claim: The simplest way to maximise your tax…
Property investors must understand the valuation process to be successful. In today’s episode we take a deep dive into property valuations.