{"id":13907,"date":"2017-09-14T01:00:40","date_gmt":"2017-09-13T15:00:40","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=13907"},"modified":"2017-09-14T01:00:40","modified_gmt":"2017-09-13T15:00:40","slug":"calculate-depreciation-before-you-buy-brad-beer","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/calculate-depreciation-before-you-buy-brad-beer\/","title":{"rendered":"Calculate depreciation before you buy – Brad Beer"},"content":{"rendered":"

 
\nWe often discuss the benefits of obtaining a depreciation schedule once an investment property has been purchased, but are there any advantages to discovering what deductions can be claimed before you buy? How can investors discover the depreciation potential of a property without obtaining a full depreciation schedule?\u00a0 We find out from Brad Beer.<\/strong>
\nTranscript :\u00a0<\/strong>
\nKevin:<\/strong>\u00a0 We quite often discuss the benefits of obtaining a depreciation schedule once an investment property has been purchased, but are there any advantages in discovering what deductions can be claimed before you buy? Brad Beer from BMT Tax Depreciation joins us.
\nBrad, are there any ways that investors can discover the depreciation potential of a property without obtaining a full depreciation schedule?
\nBrad:<\/strong>\u00a0 Yes, Kevin, very easy to do that. The amount of data that we have these days and also the sheer hundreds of thousands of depreciations schedules we\u2019ve done, we\u2019ve probably seen a property similar. So, we\u2019ve built some things so that we can come up with an estimate of how much deduction might be available to a property that you\u2019re looking at buying.
\nThat might be through a simple estimate that can be done on a calculator that\u2019s on the website, that we put some information in about, that\u2019s free for you to use as many times as you like. It spits out an approximate number. Obviously, it\u2019s based on the information that you put in.
\nThe other thing is we can have a look at the information that you do have available. Once we know the address of the property, we can pretty much see most things about it these days, if it\u2019s been rented before, and come up with a fairly close approximate number of what sort of deductions would be available.
\nKevin:<\/strong>\u00a0 It\u2019s pretty shocking, but we do realize that there are still a number of property investors who don\u2019t do a depreciation schedule. Just to give me a bit of an idea, what information is included in a comprehensive depreciation estimate?
\nBrad:<\/strong>\u00a0 The important thing is the approximate number in the first year or the first five years, because the reason you need to know that is so that you can go in and crunch those numbers. But we can do it fairly quickly and easily over the phone with some information that we can see pretty quickly.
\nBut then sometimes if you are buying in a development, then there may have actually been one prepared for the developer or for the guys who are selling it that has a bit more detail because we have things like schedules of finishes on new stuff and things that give us a bit more detail.
\nKevin:<\/strong>\u00a0 Can you give me a bit of an idea about how crunching those numbers can help investors with their purchase decisions, Brad? Have you had some experience with that?
\nBrad:<\/strong>\u00a0 I\u2019ve spent 19 years in this business. I\u2019ve been to lots of different property expos and everything under the sun as far as learning about property investment, and I guess it almost saddens me to see that people don\u2019t crunch their numbers on everything before they buy property. And the fact that they don\u2019t buy a depreciation schedule for some time after is concerning.
\nI think whenever you\u2019re buying property there\u2019s a lot of things to consider: the area, the drivers in those areas that are going to give you that growth.
\nLook, I\u2019m the depreciation guy. Depreciation is not the most important thing and you shouldn\u2019t buy for depreciation, but you should really know what that cash flow looks like for you, after tax, given your income on a specific property you\u2019re looking at, so that you really crunch the numbers and know what that\u2019s going to look like for you to make sure that you can afford it and you have that risk covered.
\nKevin:<\/strong>\u00a0 Are depreciation estimates also useful for developer\u2019s agents, mortgage brokers, and loan providers, Brad?
\nBrad:<\/strong>\u00a0 All of these people are involved in this transaction prior to an investor buying, or maybe not always, all of them \u2013 if it\u2019s second-hand property, usually not a developer, obviously. But when someone is either selling, financing, or building a particular product, an investment property or potential investment property, it\u2019s very easy for us to provide some sort of numbers to a potential purchaser to help them crunch those numbers.
\nSo, if you\u2019re in any of those property expertise, you\u2019re involved with these people who may be buying investment properties, knowing that exists and being able to actually talk about it \u2013 \u201cWell, depreciation is important. Have you thought about it? You have to crunch your numbers properly\u201d \u2013 they can get that information very easy from us.
\nKevin:<\/strong>\u00a0 Okay. Give us that website again, because you mentioned there are a number of calculators on the website as well, Brad?
\nBrad:<\/strong>\u00a0 It\u2019s BMTQS.com.au. There\u2019s a tax depreciation calculator part there, that\u2019s very easy. It\u2019s an app also. You can download it and use it. It\u2019s free, as many times as you like. Just make sure you use that to crunch your numbers. Or if you have an existing property, you can use to that see that you\u2019re getting all you get and amend if necessary or see whether it\u2019s worth having a look at. But, very easy to find.
\nKevin:<\/strong>\u00a0 Good on you, mate. Thanks for your time. That\u2019s BMTQS.com.au. Brad Beer, thanks for your time, mate.
\nBrad:<\/strong>\u00a0 Thanks, Kevin. Much appreciated.
\n <\/p>\n","protected":false},"excerpt":{"rendered":"

  We often discuss the benefits of obtaining a depreciation schedule once an investment property has been purchased, but are there any advantages to discovering what deductions can be claimed before you buy? How can investors discover the depreciation potential of a property without obtaining…<\/p>\n","protected":false},"author":176692471,"featured_media":14106,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[34,10,11,13,36,25,27],"tags":[101],"class_list":["post-13907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-topic","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-property-investment-topic","category-sponsored-channels","category-trends-topic","tag-podcast"],"yoast_head":"\nCalculate depreciation before you buy - Brad Beer - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/calculate-depreciation-before-you-buy-brad-beer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Calculate depreciation before you buy - Brad Beer - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"  We often discuss the benefits of obtaining a depreciation schedule once an investment property has been purchased, but are there any advantages to discovering what deductions can be claimed before you buy? How can investors discover the depreciation potential of a property without obtaining...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/calculate-depreciation-before-you-buy-brad-beer\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-13T15:00:40+00:00\" \/>\n<meta name=\"author\" content=\"rolanrush\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rolanrush\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/calculate-depreciation-before-you-buy-brad-beer\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/calculate-depreciation-before-you-buy-brad-beer\\\/\"},\"author\":{\"name\":\"rolanrush\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"headline\":\"Calculate depreciation before you buy – Brad Beer\",\"datePublished\":\"2017-09-13T15:00:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/calculate-depreciation-before-you-buy-brad-beer\\\/\"},\"wordCount\":955,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/calculate-depreciation-before-you-buy-brad-beer\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"podcast\"],\"articleSection\":[\"Finance\",\"Kevin Turner\",\"Kevin's Update\",\"Latest Stories\",\"Property Investment\",\"Sponsored Channels\",\"Trends\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/calculate-depreciation-before-you-buy-brad-beer\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/calculate-depreciation-before-you-buy-brad-beer\\\/\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/calculate-depreciation-before-you-buy-brad-beer\\\/\",\"name\":\"Calculate depreciation before you buy - Brad Beer - Realty Talk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/calculate-depreciation-before-you-buy-brad-beer\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/calculate-depreciation-before-you-buy-brad-beer\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2017-09-13T15:00:40+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/calculate-depreciation-before-you-buy-brad-beer\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/calculate-depreciation-before-you-buy-brad-beer\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/calculate-depreciation-before-you-buy-brad-beer\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/calculate-depreciation-before-you-buy-brad-beer\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Calculate depreciation before you buy – Brad Beer\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\",\"name\":\"Realty Talk\",\"description\":\"Your Trusted Voice For Property Investing. Anywhere, Anytime.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\",\"name\":\"rolanrush\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"caption\":\"rolanrush\"},\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/author\\\/rolanrush\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Calculate depreciation before you buy - Brad Beer - Realty Talk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/channels.realty.com.au\/realtytalk\/calculate-depreciation-before-you-buy-brad-beer\/","og_locale":"en_US","og_type":"article","og_title":"Calculate depreciation before you buy - Brad Beer - Realty Talk","og_description":"  We often discuss the benefits of obtaining a depreciation schedule once an investment property has been purchased, but are there any advantages to discovering what deductions can be claimed before you buy? How can investors discover the depreciation potential of a property without obtaining...","og_url":"https:\/\/channels.realty.com.au\/realtytalk\/calculate-depreciation-before-you-buy-brad-beer\/","og_site_name":"Realty Talk","article_published_time":"2017-09-13T15:00:40+00:00","author":"rolanrush","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rolanrush","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/channels.realty.com.au\/realtytalk\/calculate-depreciation-before-you-buy-brad-beer\/#article","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/calculate-depreciation-before-you-buy-brad-beer\/"},"author":{"name":"rolanrush","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"headline":"Calculate depreciation before you buy – Brad Beer","datePublished":"2017-09-13T15:00:40+00:00","mainEntityOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/calculate-depreciation-before-you-buy-brad-beer\/"},"wordCount":955,"commentCount":0,"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/calculate-depreciation-before-you-buy-brad-beer\/#primaryimage"},"thumbnailUrl":"","keywords":["podcast"],"articleSection":["Finance","Kevin Turner","Kevin's Update","Latest Stories","Property Investment","Sponsored Channels","Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/channels.realty.com.au\/realtytalk\/calculate-depreciation-before-you-buy-brad-beer\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/channels.realty.com.au\/realtytalk\/calculate-depreciation-before-you-buy-brad-beer\/","url":"https:\/\/channels.realty.com.au\/realtytalk\/calculate-depreciation-before-you-buy-brad-beer\/","name":"Calculate depreciation before you buy - Brad Beer - Realty Talk","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/calculate-depreciation-before-you-buy-brad-beer\/#primaryimage"},"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/calculate-depreciation-before-you-buy-brad-beer\/#primaryimage"},"thumbnailUrl":"","datePublished":"2017-09-13T15:00:40+00:00","author":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"breadcrumb":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/calculate-depreciation-before-you-buy-brad-beer\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/channels.realty.com.au\/realtytalk\/calculate-depreciation-before-you-buy-brad-beer\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/channels.realty.com.au\/realtytalk\/calculate-depreciation-before-you-buy-brad-beer\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/channels.realty.com.au\/realtytalk\/calculate-depreciation-before-you-buy-brad-beer\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/channels.realty.com.au\/realtytalk\/"},{"@type":"ListItem","position":2,"name":"Calculate depreciation before you buy – Brad Beer"}]},{"@type":"WebSite","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website","url":"https:\/\/channels.realty.com.au\/realtytalk\/","name":"Realty Talk","description":"Your Trusted Voice For Property Investing. Anywhere, Anytime.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/channels.realty.com.au\/realtytalk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d","name":"rolanrush","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","caption":"rolanrush"},"url":"https:\/\/channels.realty.com.au\/realtytalk\/author\/rolanrush\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/13907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/users\/176692471"}],"replies":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/comments?post=13907"}],"version-history":[{"count":0,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/13907\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/media?parent=13907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/categories?post=13907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/tags?post=13907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}