Go to the bank and discuss setting up a line of credit loan. By doing this you are getting a facility set up so when you need to borrow the extra equity you withdraw funds from the line of credit account and then the loan starts.By doing this the bank will work out how much you can borrow based on the value of your property to a set LVR level and…[Read more]

Here is a typical reason to get measurements done.Your neighbour puts up a fence or your previous land owner but puts in 10 m on someone elses land.The Titles are incorrect – I have seen it happen on current affair. If it is the 4th lot from the corner make sure it is.You think your buying 980m2 of land but it is in reality 780m2 . – Seen this on…[Read more]

When you look at building depreciation on the 2 new 750k IP's you need to look at what the construction cost was as this can be depreciated as a building write down over 40 years . at 2.5% per year. (you can't depreciate Land cost). Also note depreciation is subtracted from your cost base each year you claim it. This means in layman terms -…[Read more]

Here is a previous posting on this subjecthttps://www.propertyinvesting.com/forums/property-investing/help-needed/4326345?highlight=car%2Cparks

Do you get paid when people click on your referal link ?And does the IRS take out their 30% Foreign investment TAX Payment out Automatically ?

See if you can get bridging finance if you are selling the PPOR property. You may find interest rate is higher but it may help with the timing problem.

I am reading an interesting book that talks about the timing of paying tax rather than not paying tax via different structures.see http://www.propertyupdate.com.au/pages/How-to-Legally-Reduce-Your-Tax….without-losing-any-money.html

As you stated you know nothing about this field. I would suggest you look at buying books on how to do property investing.You then can decide if you have the time to do development ,or buy and hold with a negative gearing approach or a positive gearing approach.Knowledge gives you an advantage.Check out the business mall from API Do a search on…[Read more]

You didn't mention the front garden. Landscaping – What the front of the property looks like.You didn't mention light fittings – painting of ceiling ?A Carport can add value or an outdoor area like a pergola. or paved area outiside .Door knobsTap fittingsDrawer handlesLight Fittingsbathroom and Kitchen are important areas that have a huge impact…[Read more]

On the cheap – Vista Print – online service they have free business cards too. http://www.vistaprint.com.au/vp/ns/default.aspx?GP=10%2f10%2f2009+6%3a44%3a29+AM

1. Get the current PPOR revalued by bank and see if they will lend you $18,000 based on a $260,000 valuation at 80% LVR equity Loan.or2. Set up an offset account on current PPOR and get all your wages put into it. Save as much as possible until you need to buy new PPOR. This reduces the interest charged on the 190k loan while having the cash on…[Read more]

imar may have the sort of landlords insurance you may need. They usually insure businesseshttp://www.tradeinsurance.com.au/business/index.htm

I agree with you hbbehrendorff.Give them an inch they take a mile.It will be like the drug testing of drivers. I was assured by the Justice Department Vic that the introduction of drug testing was only for Truck drivers due to the high drug taking.Now it seems to have silently migrated to all all drivers.So to catch 1 drugged driver , 43 other…[Read more]

Childcare is a tricky business as there are regulations that have to be followed. (and can change at a moments notice)Like for example – Child Safe glass windows. Are the windows safety glass or are they covered with a 3m safety film to prevent children injury or death.Is the kitchen area gated to prevent children getting into the area.Are the…[Read more]

These lower economic areas are where tenants are plentiful.When rents go up due to low vacancy rates renters find it harder to find affordable rent. In the lower priced areas the rents are lower and your investment property appeals to a large demographic of renters.The more expensive areas cater to a smaller demographic who can afford higher…[Read more]

jetweapon wrote:
i live with parents and i have just bought my first property (1bedroom apartment) off the plan with settlement due dec 2010. i wish to live in for 6 months to get my fhog and then immediately buy a PPOR.i intend to put all of my money on the apartment at time of settlement.when i buy my PPOR 6 month after settlement of…[Read more]

Last time I claimed this sort of thing the property manager filled out the paper work and submitted it for me.Mine sends me the lease agreement each time so I do not know why they are quoting Privacy Act concerns .You probably should be asking for a copy of the lease agreement you would normally be sent rather than the the tenancy application.Ask…[Read more]

I understand your question to be along the following  – that the house and you are in Australia but the loan is from overseas to get the interest rate at a lower rate.If this is what you were thinking of doing I have a better idea for you to investigate.There is a financial instrument known as an interest rate swap.Rather than changing the…[Read more]

I attended the last auction as a spectator and my advice as I saw this tried on a buyer.Do not Bid against yourself When no one else is bidding and it hasn't reached the reserve price the auctioneer asks you as the highest bidder to increase you bid to get it over the reserve price and on the market.If you say yes you are bidding against…[Read more]

vsdabhi wrote:
Hi, Can anybody advise me whether I can move in IP and do renovation?and doing renovation

What is stopping you from moving in and doing renovation?I think what you might be asking is what is the tax deductible stance.It most likely will be classified as an improvement as you purchased the IP in the current state it is in and you…[Read more]