Thanks I guess I will be plastering walls on Sunday to get this job done ASAP. I am just itching to get the next place….Have a great weekend…..[8D]

Hi

I am fairly new to this as well with only one place so far. But from what I have read and studied so far is that as long as you have a good property manager you should be okay. Get things like the building reports and pest inspection…the last thing you want is to buy a place with major structural problems because this could cost you a…[Read more]

Hi

I am fairly new to this as well with only one place so far. But from what I have read and studied so far is that as long as you have a good property manager you should be okay. Get things like the building reports and pest inspection…the last thing you want is to buy a place with major structural problems because this could cost you a…[Read more]

I have one more question on my loan I have at the moment. I am paying interest only for one year so that I can do my renovations..once the place becomes a investment property what should I change it to? Also I heard that there is some sort of tax reduction form that I can get from the ATO as soon as you have a investment property so that you get…[Read more]

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Thanks for all the info, it’s all very new to me esp all the terminology and structuring of deals etc etc. Okay it does look like I won’t get in trouble if I move out before one year is up and rent the place out as soon as I move out. At the moment I have a friend that lives with me that pays me rent, but it’s cash in hand sort of thing…[Read more]

I have heard that there is allot of people that just take the risk and just write the 7k FOG from the start and if they get away with it then it’s a bonus. My plan is to stay in the place and serve my 1 year term and then get out…but hopefully I can pick a couple of properties up in that time and borrow against that unit…will this work?[]