Have you thought of company buying another ip house that will cost $100 a week to own resulting in net property income of zero.

Welcome to the forum HelenYou might find this book of usehttp://www.investors.asn.au/reviews/books/?bid=227page 74 to page 80You may be able to borrow this book from a library

don't forget to claim depreciation on it.

Well done

I used aon previouslyhttp://www.aon.com/australia/

It may have a bad image but it grew in capital value during 2000 -2004 when the property boom was happening.

Join a property investor club if your are from Victoria there is a club look at troynbec postings in this forumThere is also a sydney one I can't remember who is the poster of the messages I have seen in this forum.You then meet like investors who you may be able to network with and find a like minded partner.

There is also council regulations on animals barking Not sure what law it is in your state but in Victoria it isDomestic (Feral & Nuisance) Animals Act 1994The law makers created a law that your dog is not allowed to bark and that you are not allowed to have a dog as a guard dog !This was suppose to stop dogs attacking children and people.In the…[Read more]

Thanks for the heads up Daniel. Forum members need to click on http://propertybuzz.com.au/?p=13 to learn more and watch the you tube video as it is a hidden function on Google maps unless you follow the instructions on the "you tube video" because the link to google maps real estate doesn't automatically come up on the screen.

On your question about joint projects you might get some benefit from networking with other like wise investors.There is an investor meeting group that meets every month in Blackburn North.seehttp://www.activepropertynetwork.com.au/

There are a number of ways a bank valuer does a valuation.One method is called a drive by . They drive by and do a valuation from the roadAnother method they go into the house and look at it inside and outAnd another method is from a plan usually for houses under construction.The bank use a panel of valuers. You may be able to convince the bank to…[Read more]

See page 10 ofhttp://www.ato.gov.au/download.asp?file=/content/downloads/IND00191817n17290609.pdfFirst two lines of Rental expensesLabelled as page 7 in the document but page 10 in acrobat reader.You can claim a deduction blah blah blah…[Read more]

seemoving househttp://www.ato.gov.au/individuals/content.asp?doc=/content/36888.htm6 month period of time cgt exemption could be on both properties See section titled moving house .

Just do a google search with the search being on mortgage broker mentoringhttp://www.brokermentor.com.au/index.php?option=com_content&view=article&id=9&Itemid=12http://www.diamondfinance.com.au/mortgage-broker-mentor.htmlfrancising is another…[Read more]

Bec and Troy I haven't had experience in this but this product looks like a possible solution to your problemCan you use this product instead ?http://www.grass-reinforcement.com/index.php/products/description/bodcell-tree-root-protection-geocellseeAustralian reseller http://www.boddingtons.com.au/PDF/Bodcell-CASE-STUDY-RCTAYLOR.pdf

Your accountant may be referring to the interest charged while your property was a PPOR. As a PPOR it is a non income producing asset so you would not be able to claim the holding costs up to the point in time that its state changed to investment. Also the PPOR is Capital Gains Tax exempt so you cannot add the interest onto the cost base as a…[Read more]

What about a line of credit loan against any possible existing equity in the investment loan up to 80% LVR.What you need to consider is the interest cost of the personal loan against a line of credit loan probably at housing interest rates.Say 12% on a personal loan as compared to 5% to 6% on a line of credit loan.say $115 on a personal loan as…[Read more]

how would you get on evicting a family member in the future if they don't pay you rent ?

What is the insurance, council rates, Water rates for the IP cost you as you would be paying for these expenses . I will guess a figure of $3000.Lost Rent = 14800Expenses = 3000Total = 17,800Cost per week = $342 If you purchased the property after 2000 and rented it out you may be elligible for First home owners grant you need to look into this.If…[Read more]

I only have one tenanted investment property. My first tenant did a runner and I only found out when I rang the managing agent to find out what was going on. In that time my property was broken into and vandalized. So I had to spend money cleaning out the trash the tenant left behind and fixing a smashed window, repairing the kicked in front door…[Read more]