PropertyInvesting.com | dtrain28 | Activity https://www.propertyinvesting.com/members/dtrain28/activity/ Activity feed for dtrain28. Mon, 13 Apr 2026 10:20:54 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 152ba476a07fd1bd3a7cdbfe9a185ee7 dtrain28 started the topic Tips to sell IP in the forum Help Needed! https://www.propertyinvesting.com/topic/5037262-tips-to-sell-ip/ Wed, 31 May 2017 02:37:28 +0000 Hi Guys & Girls,

I will be putting my IP up for sale in a few months. Prior to listing I’ll spend a week or two getting the property in tip top shape. Current market appraisals vary between $290,000 to $325,000. It’s an old housing trust home (3 bed, 1 bath) with kitchen & bathroom renovated.

I am happy to put $5,000 into getting it ready, but…[Read more]

]]> 1e4886d54f316a288d5c5655408af76c dtrain28 replied to the topic Looking to sell (Adelaide) in the forum Help Needed! https://www.propertyinvesting.com/topic/5031067-looking-to-sell-adelaide/#post-5032287 Wed, 04 Jan 2017 23:25:10 +0000 Bump.

So I have decided to pull the pin and sell my ‘now’ cash-flow positive property (yep, you may shake your head).

There is a lease on the property until October 2016. Can I evict the tenant prior to this or at least let them know my intentions and give them the option to move if they can find another property before the lease expires?

Cheers,

]]> 818423f1dd96d71f5280cc5e37904e80 dtrain28 replied to the topic Looking to sell (Adelaide) in the forum Help Needed! https://www.propertyinvesting.com/topic/5031067-looking-to-sell-adelaide/#post-5031069 Tue, 08 Nov 2016 01:37:00 +0000 The property would suit either first home buyers or investors due to good rent return. I am leaning towards keeping the tenant on, however in doing so the advertising photos wouldn’t do the house justice.

]]> add180e79b8f6ef966b065c58236013f dtrain28 started the topic Looking to sell (Adelaide) in the forum Help Needed! https://www.propertyinvesting.com/topic/5031067-looking-to-sell-adelaide/ Tue, 08 Nov 2016 01:29:15 +0000 Hi Guys,

I’m looking at selling my IP (Mt Barker SA) due to a change in circumstances. Property is cash flow positive ($325 weekly rent) and value of the property is approx. $310,000 to $320,000.

Just wanting some advice regarding selling it.
Should I try and sell it currently tenanted? or wait till the lease is up do some touch ups and then…[Read more]

]]> b9b551df0326a8df459f2af0797567a8 dtrain28 replied to the topic Brisbane or Adelaide? in the forum Help Needed! https://www.propertyinvesting.com/topic/5028479-brisbane-or-adelaide/#post-5028658 Wed, 03 Aug 2016 03:20:18 +0000 It is in Mt Barker. Close to the town centre, schools, etc.

However I am looking at a PPOR in Bridgewater.

]]> 2ab97401ef667eaf36e6baca673c185c dtrain28 replied to the topic Brisbane or Adelaide? in the forum Help Needed! https://www.propertyinvesting.com/topic/5028479-brisbane-or-adelaide/#post-5028656 Wed, 03 Aug 2016 03:12:10 +0000 I have a I/P in the Adelaide Hills (30mins from the CBD) in a fast growing area.
Yearly rent = $16,900. Estimated value = $305,000 – $310,000 so getting good rental yield.
A number of properties around it are been bulldozed & 2 houses put on the blocks.

Not sure if I should hang on or get out and use the funds for a new PPOR.

]]> c249d7eb8bf3693548e2767ad5ab89ad dtrain28 replied to the topic Tax Stuff - Homeloan in shared name in the forum Help Needed! https://www.propertyinvesting.com/topic/5023504-tax-stuff-homeloan-in-shared-name/#post-5023533 Wed, 06 Apr 2016 06:27:08 +0000 If the INVESTMENT loan is in both names, but you solely own the property & then the total interest on the investment loan will be tax deductible providing the value of the loan on the finance restructure has not increased. example:

Prior to restructure: Investment Loan Value = $100,000
After restructure: Investment Loan Value – $150,000
Only 2/3…[Read more]

]]> fde0b02964af30859aa5adee23f4b667 dtrain28 replied to the topic Tax Stuff - Homeloan in shared name in the forum Help Needed! https://www.propertyinvesting.com/topic/5023504-tax-stuff-homeloan-in-shared-name/#post-5023533 Wed, 06 Apr 2016 06:27:08 +0000 If the INVESTMENT loan is in both names, but you solely own the property & then the total interest on the investment loan will be tax deductible providing: the value of the loan on the finance restructure has not increased. example:

Prior to restructure: Investment Loan Value = $100,000
After restructure: Investment Loan Value – $150,000
Only 2/3…[Read more]

]]> c6753e713747c5e6617ea5e8f07cd61d dtrain28 replied to the topic Interest Only Rates in the forum Finance https://www.propertyinvesting.com/topic/5020709-interest-only-rates/#post-5020719 Wed, 24 Feb 2016 07:33:50 +0000 It has been an investment property then PPOR and now back to investment. Looking at 1 year, as my remaining fixed loans come due next year at that point, I will consider selling or moving all to interest only. Just want to the option so I can divert cash flows else where if I want (or will continue to pay down the principal). I also have an offset…[Read more]

]]> c7d4ff2dd3ec2145e3cabbf62211faf9 dtrain28 started the topic Interest Only Rates in the forum Finance https://www.propertyinvesting.com/topic/5020709-interest-only-rates/ Wed, 24 Feb 2016 05:03:28 +0000 Hi All,

I have a P & I loan coming out of a fixed term soon, I am wanting to convert this to interest only for 1 year. Unfortunately I can’t find any information from my bank regarding interest rates for this option. I would have assumed the interest rate would be higher than the normal fixed rate. Would this be the case? My bank is Bank SA.

Any…[Read more]

]]> 9103f7076c6c91058737e174bc2ff81e dtrain28 replied to the topic Reduce PPOR debt or save? in the forum Finance https://www.propertyinvesting.com/topic/5017904-reduce-ppor-debt-or-save/#post-5017905 Wed, 16 Dec 2015 01:59:18 +0000 Personally I pay a small additional amount each month off my loan, mainly so that when interest rates rise again it won’t change my repayments.

I’d suggest using an offset account for your spare cash, that way it’s still available to use and will reduce the interest on your PPOR loan. I don’t like the idea of re-drawing on 1 loan to purchases…[Read more]

]]> 2174d79b7fd79e7d5b1192a19fff0814 dtrain28 replied to the topic Self Managed Property Issues in the forum Help Needed! https://www.propertyinvesting.com/topic/5016860-self-managed-property-issues/#post-5017037 Tue, 01 Dec 2015 00:57:33 +0000 Cheers for the replies.

Having a PM won’t change the pet factor. I personally know people who rent through agents that have multiple pets that the agent doesn’t know about.

All I can do is see what the place looks like upon inspection. Currently they are paying rent so that is a bonus.

]]> ec338f956a536418783272d8882ce308 dtrain28 replied to the topic IP with a pool in the forum Help Needed! https://www.propertyinvesting.com/topic/5016676-ip-with-a-pool/#post-5017036 Tue, 01 Dec 2015 00:56:43 +0000 I currently rent a place with a pool. Prior to us moving in, the pool had to be drained and professional cleaned due to lack of maintenance while it was vacant. I’m sure the L/Lord is regretting the pool now, as it was a costly exercise.

]]> bebf89728d65c3cedb0f0f5828bb5485 dtrain28 replied to the topic Rental Management Fees in the forum General Property https://www.propertyinvesting.com/topic/5016874-rental-management-fees/#post-5016879 Thu, 26 Nov 2015 06:11:10 +0000 I think it would depend on the area you are in. I was quoted the following in SA
– 2 x Weeks rent for signing up a tenant + 1 week if they tenant signed a lease extension
– Advertising at cost
– 10% of weekly rent as on going commission

I’m sure if you get a few quotes you could haggle with them.

]]> 1921de5b02e1bcf455b26270978218d2 dtrain28 replied to the topic PPR to a Rental Property in the forum General Property https://www.propertyinvesting.com/topic/5016875-ppr-to-a-rental-property/#post-5016878 Thu, 26 Nov 2015 06:08:44 +0000 Yep you will need to get a valuation to determine the value at the time it is turned into a investment, this will form your cost base for CGT purposes when you sell. Encourage the valuer to value it on the high side rather than low. You can do the valuation at a later date though.

]]> d96f3221e957c17a1cafc583604694f1 dtrain28 replied to the topic Self Managed Property Issues in the forum Help Needed! https://www.propertyinvesting.com/topic/5016860-self-managed-property-issues/#post-5016876 Thu, 26 Nov 2015 05:48:37 +0000 Said neighbour is actually my brother. Her previously landlord said she had no issues in 7 years with her & always kept the place tidy & paid rent on time.

It’s more the animals inside I’m worried about.

]]> 066b4aec87f1c913698cb19ba4ad29fc dtrain28 replied to the topic Crazy tenant demands in the forum General Property https://www.propertyinvesting.com/topic/5016575-crazy-tenant-demands/#post-5016865 Thu, 26 Nov 2015 02:41:59 +0000 My property has a water tank on it, plumbed only to the laundry. I provided a garden hose for the tenant, and advised that I just let this run on to the lawn to water it (it’s all I did when I lived in the property and it worked fine).

]]> 488c74d21df11f059d214bd16b46d0fd dtrain28 replied to the topic Adelaide Property Investment in the forum General Property https://www.propertyinvesting.com/topic/5013494-adelaide-property-investment/#post-5016864 Thu, 26 Nov 2015 02:38:00 +0000 I thought about investing in the Northern Suburbs, put holding off due to the upcoming closure of Holden. Not sure of the impact it will have on housing up there.

Currently I have 1 rental in Mt Barker. Purchased for $270,000 in 2010. After doing a 10K of renos (carport & pergola) it’s now producing $325 p/w, a yield of 6% on my investment. I’d…[Read more]

]]> daf80bb19fc2894669851d4a5939c7ec dtrain28 started the topic Self Managed Property Issues in the forum Help Needed! https://www.propertyinvesting.com/topic/5016860-self-managed-property-issues/ Thu, 26 Nov 2015 01:15:45 +0000 Hi All,

I am currently managing my own property. The renter originally said they had 1 rabbit & 1 old dog, which were all to be outside. From speaking with the neighbour recently, I have been told the pet situation is more like 6 rabbits, 2 dogs, 2 cats & 4 birds.

I can’t inspect the property for another 2 months. Has anyone had any experience…[Read more]

]]> fa3c68ad239162dad69657564ad38392 dtrain28 replied to the topic Sold my investment property - Are these selling costs tax deductible? in the forum Help Needed! https://www.propertyinvesting.com/topic/5009430-sold-my-investment-property-are-these-selling-costs-tax-deductible/#post-5009515 Thu, 25 Jun 2015 23:59:04 +0000 Mortgage discharge fees you can claim against the rental property. As per the ATO.

https://www.ato.gov.au/Individuals/Tax-return/2013/In-detail/Publications/Rental-properties-2012-13/?page=9

Cheers,

]]> 672a539cdc6f1fb065e3c3446398825f dtrain28 replied to the topic Huntfield Heights, SA - any experiences... in the forum General Property https://www.propertyinvesting.com/topic/4392444-huntfield-heights-sa-any-experiences/#post-5009505 Thu, 25 Jun 2015 12:34:38 +0000 The property I’m currently looking at is in good condition inside (so no initial works to get good rental return). Outside there is renovation potential for future resale. I won’t be offering overs for it.

Has the area improved?

]]> 68824a15794192327d1368e3acace42c dtrain28 replied to the topic Huntfield Heights, SA - any experiences... in the forum General Property https://www.propertyinvesting.com/topic/4392444-huntfield-heights-sa-any-experiences/#post-5009503 Thu, 25 Jun 2015 12:04:04 +0000 Bump.

Does anyone have any recent experiences with Huntfield Heights or Hackham West? Currently looking at a cash flow positive property in Hackham West?

Cheers,

]]> 1858723d5e03a391247dd802f90ae454 dtrain28 replied to the topic Sold my investment property - Are these selling costs tax deductible? in the forum Help Needed! https://www.propertyinvesting.com/topic/5009430-sold-my-investment-property-are-these-selling-costs-tax-deductible/#post-5009487 Thu, 25 Jun 2015 07:28:17 +0000 The settlement costs incurred reduce your capital gain (selling price less cost price) – these do not get added as rental expenses (ie, rates, interest, management costs, etc). I think that’s what you’re trying to determine. If not, speak to your accountant they should be able to answer your question.

]]> 7ef122e38d4125d2c46dc7165ad945a1 dtrain28 replied to the topic Sold my investment property - Are these selling costs tax deductible? in the forum Help Needed! https://www.propertyinvesting.com/topic/5009430-sold-my-investment-property-are-these-selling-costs-tax-deductible/#post-5009448 Thu, 25 Jun 2015 05:44:23 +0000 I don’t understand what you’re asking then.

]]> cc967f3ec55129c9a31bdaec9951953c dtrain28 replied to the topic Capital or maintenance in the forum Help Needed! https://www.propertyinvesting.com/topic/5009426-capital-or-maintenance/#post-5009437 Thu, 25 Jun 2015 05:18:34 +0000 The ATO would most likely deem this to be capital expenditure, because you are replacing old with new, not repairing. You can still claim depreciation at 2.5% prime cost.

ps. your accountant would be able to confirm.

Cheers,

]]> 6614beb3e721bfb59723a6036ebb9d81 dtrain28 replied to the topic Sold my investment property - Are these selling costs tax deductible? in the forum Help Needed! https://www.propertyinvesting.com/topic/5009430-sold-my-investment-property-are-these-selling-costs-tax-deductible/#post-5009431 Thu, 25 Jun 2015 05:06:01 +0000 The costs listed will come off your selling price & reduce you capital gain (hopefully you made a capital gain).

The bank fees will be a tax deduction against the rent.

ps. your accountant will be able to confirm.

Cheers,

]]> 316d9fcfac116d25bb36cd0373d2fead dtrain28 replied to the topic Sold my investment property - Are these selling costs tax deductible? in the forum Help Needed! https://www.propertyinvesting.com/topic/5009430-sold-my-investment-property-are-these-selling-costs-tax-deductible/#post-5009431 Thu, 25 Jun 2015 05:06:01 +0000 The costs listed will come off your selling price & reduce you capital gain (hopefully you made a capital gain).

The bank fees will be a tax deduction against the rent.

Cheers,

]]> 136e7082668f2b68cedf73307ea68e49 dtrain28 replied to the topic Heating Options in the forum Value Adding https://www.propertyinvesting.com/topic/5009260-heating-options/#post-5009276 Wed, 24 Jun 2015 02:21:20 +0000 There is ceiling insulation. I have arranged for a professional to assess the current ceiling insulation. Will be interesting as to what he has to say.

]]> 2d7c09d2983ce063708c8fa24e73f802 dtrain28 started the topic Heating Options in the forum Value Adding https://www.propertyinvesting.com/topic/5009260-heating-options/ Tue, 23 Jun 2015 07:12:45 +0000 Hi All,

First post, here we go.

I am looking at heating options for my house. It’s an old housing trust/housing commission home with the asbestos external walls. There is no insulation in the walls & it gets pretty chilly in winter. There is a split system in the lounge and I have a small panel heater in the master bedroom. The rest of the house…[Read more]

]]> a2c3e4a72b342cdb6f907599f055aaa6 dtrain28 became a registered member https://www.propertyinvesting.com/activity/p/318214/ Sun, 21 Jun 2015 02:21:18 +0000