Special guest, Bradley Beer, CEO of the largest and most trusted quantity surveying firm in the country, BMT Tax Depreciation, joins hosts Steve Waters & Victor Kumar from Right Property Group to share his unique insights into property investing and depreciation as well as shares some insights into his own investment adventures.
In this episode Steve, Victor & Brad examine different options available to ensure you claim the maximum deductions for your investment property and reveal some of the biggest misconceptions around depreciation, proving that whether your property is old or new, you don’t always have to spend money before you can claim it.
Having completed over 700,000 depreciation reports across the country and just last year assisting clients to claim approx $8,000 of deductions – in the first year on average, this episode will arm you with some hardcore facts to assist you in getting the most out of your investments as we head into tax time.
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It has taken a global pandemic to force a lot of Australian’s to find the time to take a proper look at their spending and exposure. On the bright side, the actions you take now to arrest your cash flow will have a positive impact on your portfolio over the next decade.
In this episode of Investing Insights with Right Property Group, hosts Steve Waters and Victor Kumar share their key tips to creating options within your portfolio. They touch on the strategies you can employ such as: adding a secondary income, renovating to draw equity, essentially finding someway to be liquid, and start correcting your cash flow position.
It’s a perfect time for a reality check and it is important that you don’t confuse action for results. It might be time to slow down or hasten the pace if you are falling behind in terms of opportunity cost, there needs to be an endpoint where you retire the debt. Always make sure you are aiming towards your end goal because planning and modeling can be very assumptive and you can’t model a virus into the equation.