PropertyInvesting.com | akirk | Activity https://www.propertyinvesting.com/members/akirk/activity/ Activity feed for akirk. Sun, 12 Apr 2026 00:09:20 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 90a252a307a3b1697a3fa9762d27719a akirk replied to the topic Legality and buyer problems with a sale , how can I handle this ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400665-legality-and-buyer-problems-with-a-sale-how-can-i-handle-this/#post-4628653 Mon, 26 Jul 2010 03:33:43 +0000 Wannado,If you exchanged on the contract, and the buyer signed as well, then any penalties outlined in the contract will fall due by them (and that's regardless of whether or nor you're holding the deposit).I suggest that you get on the phone to your solicitor (or better still, send through in writing) and request an update on the sale and…[Read more]

]]> 3dcffdfcd5b7fcb0f7dbb7dd02024249 akirk replied to the topic Any advice on buying a Townhouse that is 'Close to being finished'? in the forum General Property https://www.propertyinvesting.com/topic/4397556-any-advice-on-buying-a-townhouse-that-is-close-to-being-finished/#post-4610417 Thu, 15 Jul 2010 03:52:59 +0000 Hi tingtong,I helped finance friends to purchase that town house so it's not mine!  I can tell you though that the quality is poor and the workmanship is questionable (I'm only speaking of the one that I'm involved in).  The owners have had to battle tooth and nail for about 6 months to have them address an obvious and serious water logging iss…[Read more]

]]> abfbb3e02e6b33e8de39149a2b992d0c akirk replied to the topic Furniture rental company in the forum Help Needed! https://www.propertyinvesting.com/topic/4400567-furniture-rental-company/#post-4628089 Wed, 14 Jul 2010 12:16:44 +0000 http://stagedhomes.com.au/I've not personally used their services, but I have only heard good things!

]]> 3cedf0a6a14a83d31703135e8e9ca443 akirk replied to the topic Subdivisions - Utilities in the forum General Property https://www.propertyinvesting.com/topic/4400559-subdivisions-utilities/#post-4628064 Wed, 14 Jul 2010 08:26:31 +0000 Give your solicitor that handled the purchase a quick call!!  They will have the contract on file, and would at least be able to get you started down the right path.

]]> 32661fdfae3dfb144d5ff0a660cf58f0 akirk replied to the topic rental property investment - basic questions in the forum Help Needed! https://www.propertyinvesting.com/topic/4400494-rental-property-investment-basic-questions/#post-4627729 Wed, 14 Jul 2010 08:18:49 +0000 MissMolly – I'm with sonyasal on this one!  International students are a great idea.  I had a friend who rented out 3 rooms of his 4 room house as 'home stay'.  He just needed to provide breakfast and dinner each day…..and I did the english tutoring so it was loads of fun!That is of course assuming that you're in an area with high demand for st…[Read more]

]]> ddf52d3879782bb61bccd867d6603271 akirk replied to the topic Bathroom dilemna in the forum Value Adding https://www.propertyinvesting.com/topic/4400557-bathroom-dilemna/#post-4628060 Wed, 14 Jul 2010 08:06:18 +0000 If it's a unit/apartment – check that isn't an issue for Owners Corporation!  A quick call to the Strata Manager should answer that.If it is your responsibility, with your costing for a renovation- make sure that you've included money in there to cover the plumbing fix – sounds like it's necessary whether you renovate the whole bathroom or no…

]]> 5494357d7af4f23523113e5d36af416d akirk replied to the topic unconditional cash offer requires finance? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400555-unconditional-cash-offer-requires-finance/#post-4628041 Tue, 13 Jul 2010 11:18:39 +0000 It will essentially come down to the contract that they have signed.  Take a look at the clauses that deal with delays or exits.  Assuming that they signed it (and it was all legit), then surely you would have legal rights.  Are you using a solicitor for the sale?In all honesty, forget the opinions – go straight to your solicitor!

]]> f60807b330e820969ca443e5d544696f akirk replied to the topic SERIOUS HELP NEEDED PLEEEASE in the forum Help Needed! https://www.propertyinvesting.com/topic/4400535-serious-help-needed-pleeease/#post-4627913 Mon, 12 Jul 2010 03:33:20 +0000 Is there rental demand in the area of your IP?  If you were to move in with parents, and rent out the property, you may be able to manage.  Seeings that you were given the FHOG, you will need to meet the requirements – there is a minimum amount of time that you must live there!I would suggest, that you:1. Confirm your FHOG position2. Get a r…[Read more]

]]> 525a2496401612c0d568e9c36cca5551 akirk replied to the topic Can I get rid of my property manager after only one week? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400534-can-i-get-rid-of-my-property-manager-after-only-one-week/#post-4627911 Mon, 12 Jul 2010 03:26:30 +0000 I would go into their office straight away and speak to them.  I must admit that I put a clause in my last contract saying that within the first 3 months I could break the contract with 3 days notice.  There have been a couple of small issues – but nothing major – I've resolved them all with them directly and quickly.

]]> 944de93628dd7438d2bc970fe79c5c7a akirk replied to the topic IP-6 weeks and still no tenant in the forum Help Needed! https://www.propertyinvesting.com/topic/4400462-ip-6-weeks-and-still-no-tenant/#post-4627535 Tue, 06 Jul 2010 05:43:45 +0000 I took a look at the link – there is no mention of the inspection days and times – make sure that you get the agent to publish those asap…..it's likely that alot of people search online at night – so the properties that they need to phone about will be left at the bottom of the pile.There have been some great suggestions – the best of which is…[Read more]

]]> a09246760e7cbb0a5fe57b987a2cfdee akirk replied to the topic Final inspection demands WA in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400437-final-inspection-demands-wa/#post-4627429 Thu, 01 Jul 2010 22:48:48 +0000 $1000 seems to be the standard amount that is held back – and you get back what they don't spend.  I can't tell you what is supposed to happen – but when I purchased a property (in Vic), at the final inspection (the day before settlement), I found out that there were holes in the walls, and stains on the carpets that were very well concealed.   My…[Read more]

]]> 39f618f6e5c2521a324b7568e30be411 akirk replied to the topic Window Furnishings for new property to rent out in the forum Value Adding https://www.propertyinvesting.com/topic/4400410-window-furnishings-for-new-property-to-rent-out/#post-4627259 Wed, 30 Jun 2010 04:07:38 +0000 Children and pets can make pretty short work of venetians!  Anything aluminium can bend and scratch easily as well.  I have a beautiful house that I rent out – and as much as I would love to have fabulous blinds – I settled with curtains which are much more forgiving!

]]> 86edecfc7b3a710536a5f55c2fbc132f akirk replied to the topic Master class DVD in the forum Help Needed! https://www.propertyinvesting.com/topic/4400399-master-class-dvd/#post-4627194 Mon, 28 Jun 2010 23:26:32 +0000 They suggest that you use a particular software from memory.  Give the office a call, or send through an email and they will help you out.

]]> 9dd046bda14f0f2842f3c199ec2c0ed9 akirk replied to the topic One bedroom Reno Help Required in the forum Help Needed! https://www.propertyinvesting.com/topic/4400334-one-bedroom-reno-help-required/#post-4626823 Fri, 25 Jun 2010 04:13:07 +0000 I would love to see pics of it when it's done!!Is it strata titled?If so, then you will likely need approval for any internal changes (just a letter to the Strata Managers with your date range may suffice).  Also, if it's strata, then you won't be able to do anything with the external appearance (that will be 'common property'.  But, some of t…[Read more]

]]> cc2d4433e4e0662e8769012449d13438 akirk replied to the topic How long can you claim depreciation on a house ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400160-how-long-can-you-claim-depreciation-on-a-house/#post-4625582 Mon, 07 Jun 2010 02:35:29 +0000 Washington Brown have an online calculator that should give you a good indication.http://depreciationschedule.washingtonbrown.com.au/depreciation-schedule-quote/

]]> 735865bd790d6dcd57367c037b05ded5 akirk replied to the topic Destiny of the third millennium in the forum Help Needed! https://www.propertyinvesting.com/topic/4400158-destiny-of-the-third-millennium/#post-4625575 Sun, 06 Jun 2010 22:11:43 +0000 Keep an eye out on ebay – There was one listed a month or so ago for $115 (video rather than dvd though).

]]> 9dd11d4dd005e4f4689049e544c1f1fe akirk replied to the topic 2 Day Tax Lien Workshop in the forum Overseas Deals https://www.propertyinvesting.com/topic/4400096-2-day-tax-lien-workshop/#post-4625285 Thu, 03 Jun 2010 21:38:49 +0000 Hi,Yesterday I opened a HSBC US Checking Account.  All I needed was to take in my drivers licence, my passport, a recent bank statement, the filled in forms and $200 into my local branch.This will give me the US Checking account, a Debit Mastercard (which they will send from the US) and access to online banking.   To deposit any US cheques and…[Read more]

]]> 17e0723a0422ac0f53c708c485d4caa9 akirk replied to the topic Self Managing House Sale in the forum Help Needed! https://www.propertyinvesting.com/topic/4399395-self-managing-house-sale/#post-4621215 Wed, 02 Jun 2010 11:17:25 +0000 Hi Elle,Your advertisment is very well written….good luck.  You could likely do the floorplan yourself – just grab some software (even Visio would do it), and a tape measure.

]]> b711482ca2bf1ab28b61ec32461634c0 akirk replied to the topic 2 Day Tax Lien Workshop in the forum Overseas Deals https://www.propertyinvesting.com/topic/4400096-2-day-tax-lien-workshop/#post-4625272 Tue, 01 Jun 2010 01:05:06 +0000 Citibank isn't going to the solution for me – so I'm checking out HSBC.Citibank only offers a 'Multi Currency' account which means that it's an Autralian Account, held in US dollars.  This presents the same limitations as using an everday Australian account (US cheques are deposited at a hefty fee, and take 21 days to clear).If anyone has found a…[Read more]

]]> 2111d5e4c53c135ff3de6579ab8e08f5 akirk replied to the topic Putting up with the people who knock you!!! in the forum Opinionated! https://www.propertyinvesting.com/topic/4399882-putting-up-with-the-people-who-knock-you/#post-4624221 Tue, 25 May 2010 02:46:12 +0000 PaulDobson wrote:
Remember, what other people think about you, is none of your business  ;-)

I like that alot!!

]]> 941899c0c5a53e7fb2173ad69fb27a8e akirk replied to the topic Buy, "Rejuvenate" and Sell in Sydney in the forum Help Needed! https://www.propertyinvesting.com/topic/4399898-buy-rejuvenate-and-sell-in-sydney/#post-4624298 Sun, 23 May 2010 11:03:17 +0000 No, the REA said that he would recommend to any seller that they do the renovations themselves before putting their property on the market.  In short – that I was wasting my time looking for something that could potentially make money through a cosmetic renovation.

]]> 23e868a8b7eadd8467a9c02b58f198b6 akirk replied to the topic US Tax Liens Seminar in the forum Forum Frolic https://www.propertyinvesting.com/topic/4399945-us-tax-liens-seminar/#post-4624552 Thu, 20 May 2010 02:18:24 +0000 Hi Andrew,I'll be there with bells on!!  I'm not sure that we can actually start the buying process on that weekend – all of our paperwork will need to be organised and setup via Tony before we can make our mark.I was lucky enough to speak with Steve a few days ago, and there is a huge amount of content to go through….just make sure that you…[Read more]

]]> a04495af89b9b5a6206f7b1357466781 akirk replied to the topic Buy, "Rejuvenate" and Sell in Sydney in the forum I am actually looking at https://www.propertyinvesting.com/topic/4399898-buy-rejuvenate-and-sell-in-sydney/#post-4624295 Thu, 20 May 2010 02:07:46 +0000 I am actually looking at that exact strategy now – in Sydneys Upper North Shore.  Have had a look at a few properties, but none have stacked up…yet.  One REA did tell me that I was wasting my time, and that he would always recommend to a seller that they improve the property themselves before putting it on the market!  Now I have to add &#0…[Read more]

]]> d7969e6bb4ef5d848c6437ac99388c5c akirk replied to the topic Rules on number of tenants? in the forum As far as I know, there https://www.propertyinvesting.com/topic/4399937-rules-on-number-of-tenants/#post-4624520 Wed, 19 May 2010 03:46:01 +0000 As far as I know, there isn't really any council restriction on this – within reasonable grounds that is.  (I'm based in NSW).  Having said that, in our block of apartments, we have as part of our by-laws that there can be no more than 2 occupants to any single room.  Would be a good idea to check with your Strata Managers, or Owners Corp first.

]]> 293303bfc86c4903d0ab3e031dc14d72 akirk replied to the topic Tenant request to have a cat in the forum Help Needed! https://www.propertyinvesting.com/topic/4399236-tenant-request-to-have-a-cat/#post-4620099 Thu, 25 Mar 2010 23:30:28 +0000 You mention that you have floor boards!  I have 2 cats with me (which I dearly love) but they have scratched the life out of the flooring with their constant hooning through the house, and little spats at eachother.  When I eventually move and put my PPOR up for rent, then I'll need to have the floors buffed.  In my complex, pets are not al…[Read more]

]]> e9ac9f797c65128a08ea90c5feabcdac akirk replied to the topic Any advice on purchasing a block of units?? in the forum General Property https://www.propertyinvesting.com/topic/4398527-any-advice-on-purchasing-a-block-of-units/#post-4615764 Thu, 28 Jan 2010 09:25:11 +0000 Actually, what I said isn't quite right – sorry!  There are 3 blocks, but on 2 titles.  One title has 2 separate buildings and 5 units (one with 3 and the one with 2), the other title has one building and 4 units.All single storey.

]]> 839f265168740dbb005fbb4bfa531549 akirk replied to the topic Soon to make an offer in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4398087-soon-to-make-an-offer/#post-4613034 Wed, 16 Dec 2009 02:07:38 +0000 Hi Alyssum,All I ever do is pick up the phone and say to my solicitor…."I want this subject to finance, and subject to a building inspection and so on".  They then have the contract amended and work it out with the vendors solicitor.  You may find that some vendors won't accept these conditions – so make your own decisions on whether you want t…[Read more]

]]> a13ab42541187477d5ea42a159f6512a akirk replied to the topic Insider Information in the forum Help Needed! https://www.propertyinvesting.com/topic/4398068-insider-information/#post-4612887 Sun, 13 Dec 2009 23:43:51 +0000 I would be surprised if you could be accused of anything – but I would never discourage you from confirming that with any professional body that you are associated with.As for the Sinking Fund.  If you do a strata search, you will find out the financials and be able to see the balance of the sinking fund and the Admin Fund.  If the cost far o…[Read more]

]]> de4e39806f40a44365f07b3f1bf9a498 akirk replied to the topic Thoughts on Wodonga Vic ? in the forum General Property https://www.propertyinvesting.com/topic/4397915-thoughts-on-wodonga-vic/#post-4611942 Thu, 26 Nov 2009 04:11:00 +0000 I actually grew up right by there.  You'll find that there are good parts to Wodonga and bad parts – these will definitely dictate the kind of tenant that you'll attract.

]]> e8247b9f846aa2777926ebdb0f299c19 akirk replied to the topic Online Auctions for foreclosures in the US in the forum Sure.  https://www.propertyinvesting.com/topic/4397687-online-auctions-for-foreclosures-in-the-us/#post-4611033 Thu, 05 Nov 2009 09:40:22 +0000 Sure.  http://www.auction.com/auction_details_online_land.php?auctionID=L-001I'm really not sure if they are tax liens – they all seem to have deliquency estimates though.

]]> 5d2345b759409079d8f8284888c53c4e akirk replied to the topic Rent/tax question in the forum According to the TaxPac https://www.propertyinvesting.com/topic/4397482-renttax-question/#post-4610125 Sun, 11 Oct 2009 21:58:20 +0000 According to the TaxPac Supplement for 2009:"You can claim expenses relating to your rental property but only for the period your property was rented or available for rent – for example, advertised for rent."  (S27)

]]> f45474ba1c14dd03a203cb9da912379b akirk replied to the topic Final Inspections in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4397386-final-inspections/#post-4609773 Thu, 01 Oct 2009 12:37:47 +0000 Thanks to everyone for their input.  I am pleased to say that I was clever enough to have Pest and Building inspections done, and include a clause for them in the contract.  In response to Pully above, it turns out that the vendor had defaulted on their mortgage, so it was kind of like a fire sale I guess.  I found out about it when settlement wa…[Read more]

]]> a3965226d44dd2bf8635d0f9d8ba98b1 akirk replied to the topic I HAVE 120,000 IN BAD DEBT WHAT'S THE BEST WAY TO START PROPERTY INVESTING in the forum Help Needed! https://www.propertyinvesting.com/topic/4397342-i-have-120000-in-bad-debt-whats-the-best-way-to-start-property-investing/#post-4609427 Fri, 25 Sep 2009 09:18:10 +0000 Hi Dimitri,Please don't take this as 'professional' advice, but I too had quite a bit of debt on credit cards (no personal loans).  My husband and I worked really hard to remove all of that debt and we did it by making the most of the low interest rates on balance transfers.  Essentially, we transferred as much as we could to a new credit card, a…[Read more]

]]> 81ed34bd7090b7b0a9d72348a7eed81e akirk replied to the topic Raising rent in the forum General Property https://www.propertyinvesting.com/topic/4397336-raising-rent-2/#post-4609413 Fri, 25 Sep 2009 05:47:17 +0000 Any rental increase needs to be seen as 'fair and just'.  The tenant can easily argue if the increase is substantial (eg. over 5%) or if the increased price is higher than a comprable property.You also need to weigh up how likely it is to find new tenants, and also how much you like your current tenant.Be sure to get the advice of your property…[Read more]

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