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In today’s super valuable episode we hear about the critical role a good Quantity Surveyor should be playing in your property investing… Our very special guest is one of the industry’s leading experts, CEO of Washington Brown, Tyron Hyde. If you own an investment property or have recently completed a renovation, then Tyron will help you discover money that you never even knew you had!
SHOW NOTES
3:03 How Tyron got started in Property Investing
7:00 His father’s unfortunate experience with property that led him to see the value of financial literacy
11:47 How the “Washington Brown” got its name and how he became a co-owner
13:23 What does a quantity surveyor do and why your accountant isn’t enough?
18:30 How you can can use depreciation when you are flipping a property
21: 55 The 2 main methods of claiming depreciation
25:50 How far can you go back and claim in the past?
26:25 When is the best time to get a quantity surveyor?
26:50 Can you claim depreciation on a property that the previous owner haven’t claimed on?
27:42 What is a scraping schedule?
38:40 How do developers use quantity surveyors?
43:05 How you can claim depreciation on overseas properties you own
43:53 The changes Tyron has noticed in the property investing market today
50:25 Tyron’s buying criteria when looking at properties to buy
53:45 The common mistakes people make when it comes to depreciation reports
54:55 Other things you can claim depreciation on
“The cost of what one bases the depreciation claim of the building on is the actual cost of construction, not what the actual market value of the property.” – Tyron Hyde
“You should get a quantity surveyor just after settlement because that is also the truest point to determine what the state of the property that you bought is.” – Tyron Hyde
“Which is more important location location location or timing? Timing timing timing, everytime!” – Harry Triguboff
RESOURCES AND LINKS
- Washington Brown website
- Depreciation calculator
- Tyron’s Ebook Claim It
ALSO MENTIONED
Enter your details below to download the Special E-Book – Tax Depreciation Myths Busted
TWEETABLES
[bctt tweet=”McDonald’s really isn’t a hamburger company, they’re a property developer”]
[bctt tweet=”You’ll never make real money working for someone else”]
