There are 3 units of which I own one as an IP. All the owners are unhappy with the current strata manager. We think we should be able to manage it ourselves. I had a look at the NSW fair trading website. All it says was we can manage it ourselves but it will involve a lot of work! No other information.
I would like to hear from fellow investors…[Read more]
Seek your advice. Got a letter from ATO asking me to pay taxes on foreign income for 2013. Anyone knows any good taxation lawyer that I can get advice from?
ChristineNurse started the topic A tale of 2 sub: strata & Council Rates @ Shellharbour: an increase in the forum General Property 5 years, 7 months ago
Just wanted ur 2 cents view…
I received Strata & Council fees for my 2 properties, just wanted to check if the rate is high when compared to others.
PPOR:Property 1 (of 33 units) strata fees $373 per quarter & council fees :$764.73 per yr
IP: Property 2 (of 3 units), next suburb, noted a marked increase,
Strata fees: 672 per…[Read more]
ChristineNurse replied to the topic Putting down a Deposit / Making an offer questions in the forum Help Needed! 6 years, 1 month ago
Just my 2 cents, for my properties, I wrote, 'Subject to xyz finance and satisfactory report of property & pest inspection…this offer expires on dd/mm/yy, time'. I'm sure others may have more ideas. Good luck.
Can i clarify the advice you gave regarding superman offset. For my IP loans, its IO and no offset account. Is it better than to have at least 1 offset account for every investor? Or would LOC work?
With the valuations, am I right that its tax deductible?
For my first Property: I went and spoke to 2 banks, 1 credit union, 3 MB!! Yup be prepared to do your due diligence, compare and go with what is logical. I go thru MB due to their flexibility. I printed out a list of Questions to ask MB, i think you can get it on the website and asked a thousand questions! This forum is also a good place to…[Read more]
Heres the info
PPOR: ING, fixed 3 YRS, I, 4.84% ,Loan amt:$230K
IP1: WESTPAC, fixed I, 1YR, 4.99%, $164K (BOUGHT $242K)
IP 2: MACQUARIE, Fixed 3yr I, 5.19%, $240K
Cash / Savings: $20k, BUT only want to use $10K
So have I dug myself into a hole?
CheckDavid- Online: i meant my online savings account (e.g. Ubank, Rabo)- gives me better interest rate than most banks.
LSreng: What an enviable position you're in! A good start to 2014. I need to boost my cash before attempting to buy IP4.
Richard/Jamie: Thanks for the advice, always appreciated. Currently reading Yardney's book on…[Read more]
Terry / Richard,
With all the experience and learning lessons you both had, have you considered writing a book or better still, coming up with a online education course thingy? We freshies (new investors) can learn from you.
Thank you all for the sharing. I look forward to more.
Richard-I'm looking forward to what you're going to say due to your experience. Any learning points for 2013?
Lsreng: Can you share how you plan to structure the finance for the 4th & 5th IP? The finance bit does my head in, I really want to understand as its important. I'm hoping…[Read more]