Are you worried about how you can continue to afford to hold on to your investment property given the continuous increasing cost of just about everything?
The one thing that makes or breaks the sustainability of an investor’s journey is cashflow affordability.
Affordability is the one thing you really need to consider, manage and control if you’re serious about lasting the distance over the years to enjoy the fruit of capital growth.
And one of the best ways to help you achieve that is tax depreciation.
This is a tax deduction claimed for the natural wear and tear of an income-producing building asset over time, and it’s generally the second biggest tax deduction for property investors, after loan interest.
Its essentially a tax free kick – you get to claim a cost that you haven’t actually paid against your taxable income.
So how do you make the most of it? Tyron Hyde is back to explain.
As you know from last week’s episode, Ty is the CEO of one of Australia’s oldest and most well-known quantity surveying firms, Washington Brown, and is also a successful investor, author and podcast host.
Enjoy the episode!
Next steps
Connect with Tyron https://www.washingtonbrown.com.au and if you want to talk about your property cashflow challenges book a personal solutions session with me.
Take the next step – connect, engage and get more insights with the Property Hub community at linktr.ee/propertyhubau
- Book a personal solutions session with Bushy to go deeper on your specific property needs or challenges
- Continue the discussion with likeminded investors and experts on The Property Hub Collective Facebook group
- Get a copy of Bushy’s book, Get Invested, for FREE, and find out what it takes for you to invest in living more, working less
- Jump into the free Property Wealth bootcamp (no signup!) and accelerate your skillset
Get all Property Hub info here linktr.ee/propertyhubau
