Get Invested With Bushy Martin
Get Invested: Part 2 - Tyron Hyde on how to make property investing more affordable
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:29:48
- More information
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Synopsis
A key way to make property investment more affordable is to tap into the power of depreciation, says Tyron Hyde. 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