BATT MAN should go back to performing. Here are some new lyrics to use for the next song "how can we sleep when our batts are burning"How do we excuse when our insulation is a maze.How do we breatheWhen the roof is a blaze.When the job ls appalling The roof looks crapI'll need to get, the installers back.So they can fix the Batts.

Ask your broker if you can set up a Line of Credit account (Loan) against the PPOR for the required security deposit for the next IPWith a $700,000 with 14,000 owing LVR of 80% for LOC is $546,000 you should be able to borrow however the income limitation will lower this but a 20% deposit should be enough. As an example a $700,000 IP required on…[Read more]

shangrila00 wrote:
Hi All,With regards to CGT in relation to subdividing a block and building two properties (one as a PPR and the other as an IP), I've been told by several people now that come tax time the ATO will only consider the cost associated with the construction of the IP as a cost base. Does this mean to say that on paper my…[Read more]

Thanks John for listing thoseI also noticed a vacancy rate list in the back of API magazine for FEB 2010

I think they might be ok for just a cash flow generator but capital growth is doubtful and expenses incurred could be another problem.

Haven't done any development myself but these are the most likely insurances you may requireAre you having people work on your land ? Yes then you need Public Liability insurance as if they get injured you could be liable.http://www.strathearn.com.au/OurServices/PropertyDevelopment/tabid/133/Default.aspxYou may need to insure the construction on…[Read more]

You need to be able to cover the repayments.This is known as servicability.Can you support the 15 – 20 k development costs on top of loan to purchase place.Factor in 10% GST on the sale of a subdivision new building and also any Capital gains tax.You need to work out a cash flow spreadsheet.Cost of keeping Rental property one = income -…[Read more]

Buy something at less cost. If it is an investment you do not have to live in it You could buy in a cheaper area and pay it down to a point where expenses = incomeThis is the hard solid savings part.Live with parents for longer, dont buy expensive depreciating cars, work during tafe / uni rather than getting study allowance, save your AR$# off to…[Read more]

PeppersGhost wrote:
Sorry if this has been covered a myraid of times, please point me to the discussion if it has. I received some advice today that caught me by surprise, thought I would check its validity here.. understanding the collective IP IQ here is astronomical! Hypothetical situation: If I have a property worth $500k I owe $100k on…[Read more]

Are you referring to the negative gearing possibility. Where rent income is less than all the expenses incurred to produce the rental income ?If so if you buy in May you are going to have to wait until Settlement before you can rent it out. And you can't claim expenses unless it is rented out or available to be rented out .Settlement usually is 90…[Read more]

With an LOC you go to the bank and apply for an amount you can borrow based usually on 80% Loan to Value ratio.So at this stage haven't borrowed the money but set up a facility where if you need the funds quickly you can transfer them out of your LOC account to your savings account – Now after the transfer  you have borrowed money. So no need for…[Read more]

G'Day Mate!Welcome to the forumhttp://www.apimagazine.com.au/Would be a good starting pointalsowww.businessmall.com.au for books on investing in the Australian Market

Not getting a sale in a years time and being asked to come up with the purchase price is another possible risk

You need to check out what you would be entitled to under the FHOGhttp://www.nt.gov.au/ntt/revenue/home_assist/first_home.shtmlSome states let you rent out a property and still be eligible for the grant however I didn't find any thing about this in the above link.However it is in the guide that you can't do this in NT.(b) not have previously owned…[Read more]

I do not know anything about Sydney but from what I have noticed as a novice to this state there seems to be suburbs that are experiencing growth out west. Suburbs like Bossley Park, Cecil Hills, Green Valley, BusbyAnd possible future growth in Hinchinbrook. They seem to follow infrastructure being West Link You need to take a closer look and do…[Read more]

Rather than re-inventing the answer see these linkshttps://www.propertyinvesting.com/forums/getting-technical/legal-accounting/4330729?highlight=pporhttps://www.propertyinvesting.com/forums/property-investing/help-needed/4330896?highlight=pporhttps://www.propertyinvesting.com/forums/property-investing/help-needed/4330593?highlight=ppor

I do not know but these links explain what it is and how it is…[Read more]

I would rather authorise my property manager to repair anything under $1000 rather than having to authorise repairs, but I trust my property manager. I just authorised today for glass to be replaced in the Tenants Oven as it fell out and broke when it hit the floor.

PeppersGhost wrote:
In November last year, iI decided it was time to get off my rear and head into the 'property investing' market – my superannuation is less than 'super', and if I don't start making wise investment decisions now, by the time I get to my twilight years, I'll become one of those old dears on Today Tonight, complaining about the…[Read more]

if you are in melbourne go to the active invest meetings and you will meet people who have been in the results program.