Your Investment Property Mag – Page 66

Property Management

12 ways to bag a bargain

A vendor under distress is the most obvious component of a cheap purchase. There is no moral high ground here– often it’s a case that the seller needs a quick disposal and is willing to cut back on the price in order to move the bricks and mortar on. While it is not pleasant to see another party in a sticky situation, you may be doing them a favour by relieving them of the property, and in most circumstances, it is a business transaction where if you don’t, someone else will.

Depreciation: Your guide to maximising your cash flow

Depreciation is the generic accounting term used to describe how an asset declines in value over time. The concept is to account for this decline in value within a taxpayers return.