Is it true?

People sometimes tell me that they’ve been told it’s no good to buy cash flow positive properties because you miss out on all the tax deductions. Perhaps you’ve heard this too?

You might be wondering “Is that true”?

Well, depending on the age of the property, your depreciation deductions will be lower when you buy an older property.

Nevertheless, if you obtain a quantity survey for your property, you may be surprised at how much depreciation can still be claimed.

In addition to depreciation, there are many other tax deductions available to you as a property investor, irrespective of whether you have bought new properties or older ones.

You need to discuss these possibilities with your tax adviser.

When you are told things like this, it is a good idea if you ask yourself whether what you are being told is just sales talk, or whether it is fact.

You also want to think about whether what you are being told is coming from someone who really knows what they are talking about or whether what they are saying is just their opinion.

Listening to opinions is a waste of time.

Remember talk is cheap – especially from armchair experts!

It’s far wiser to make decisions based on facts.

On DVD 10 of my Super Secrets To Real Estate Wealth course you’ll discover how to uncover EXTRA Tax Deductions with a Quantity Survey Report and on DVD 11 you’ll learn how to beat the Tax Man.

While I cannot give you specific taxation advice, I’ll show you how to think like a smart investor who seeks to maximise their income while at the same time doing their best to hang on to as much of it as possible.

As I often say: “It’s not about how much you earn, - it’s about how much of it you get to keep!”

Warm Regards

Hans Jakobi – Your Wealth Coach®
Real Estate Secrets