The main thing is can you pay off the principal quickly? Rather a better scheme is to pay enough off them to get them cash flow neutral. So they do not cost you any money out of your pocket to hold them with a tenant in them. It is hard when you first start. It takes time for property values to increase and rents to increase and most of the…[Read more]

Yes.LVR 75% to 80% for bad credit loansseehttp://www.latrobehomeloans.com.au/http://www.freedomloans.com.au/bad-credit.phphttp://www.libertyfinance.com.au/adverse-credit.htmlNot a recommendation on a particular lender you can google bad credit home loans or you can use the services of a mortgage broker to find lenders who can lend to bad credit…[Read more]

The term redraw refers to a mortgage so if you redraw – you borrow back money that has been over paid off your mortgage.Taking money out of your MISA account is like taking money out of a savings account.So you start to pay interest on your PPOR purpose loan. So the loan is not for a investment purpose.So the loan cannot be deemed as being an…[Read more]

But if you get the calculation wrong on the section 15/15 tax variation form form you will pay penalties to the ATO or can go to jail. see posting for tax office website linkshttps://www.propertyinvesting.com/forums/getting-technical/legal-accounting/4328785

Nate welcome to the forum.Your question is hard to answer what you need to be very aware of is your investment goals.Are you wanting to make a quick profit?Are you a buy and hold type of investor if yes then what is the likely capital growth ?What sort of renovation works does it require as structural or roof repairs usually do not increase the…[Read more]

Are you referring to the credit consumer code Sect 15/15http://www.austlii.edu.au/au/legis/qld/consol_act/ccc176/s15.htmlorITAA 1997 Section 15/15Tax profits for speculatorshttp://www.dealersgroup.com.au/kb/cf37—les-szekely-paper.pdforA ‘Section15-15 Withholding Tax Variation’ is a form that can be lodged with the Australian Taxation Off…[Read more]

With the house you are living in you could get it valued by the bank and take out a line of equity loan up to 80% of the value.So if the house you are living in is worth say $473,000 then 80% is 349,000 so subtract what is owing 173,000 leaves you with $176,000 you could borrow as a line of equity for investment loan for deposit on another…[Read more]

I do not know if this is the right information but it gives you a starting point for researching the codehttp://www.abis.com.au/balustrades-handrails-stairsThis gives an idea of the building code numbers and AS codes.However I have noticed that AS 1170.4 superceded  1170.1 in 2007 but I could not find a free copy of it on the net.AS1288…[Read more]

http://www.greyarmy.com.auhttp://www.jimsbuildingmaintenance.net/html/s01_home/home.aspI know this firm can do most of the work as I got a quote for this type of work recentlyhttp://www.hireahubby.com.au/

I got a quote in Victoria recentlyI had a quote of $700 for 9.1 mtrs for a removal of old fence and install of new fence. Being treated Pine height 6'4"neighbour paid half.Get three quotes and then you will know what it might cost. http://www.bluewavegroup.com.au/fencing_quote.php

Jlee wrote:
I own a biggish house which is now fully paid up. I intend to put it up for rent and rent a smaller place to live. Will I be able to claim the rental I pay for the smaller house as tax deductions from the income I get for renting my own house? Is anyone able to advise on this?

You can't claim the cost of renting another house you…[Read more]

Beware going heavily into negative geared property because if you are planning on receiving family payments a negative property loss  magically is deemed as income for calculating your family payments or parenting payments.

Old carpet covered floors keep on floor while painting then replace after painting floor.If plumbing needed it has to be done before you put the tiles , wall coverings , plaster board , ect  on to walls as access is required by the plumber and damage can be done to walls. Check with plumber and electrician as to what they need to do to the walls…[Read more]

What I have noticed is the web sites usually have the most marketable properties on it. So if you want the deal type properties you may have to walk into a real estate office and ask them what properties have they got on their listings.Median suburb prices can be found in API Magazine at the back

Give hbbehrendorffa brake as yunger peepal spel stuff a lot wurse them im. Its gr8 4 ow society that yung peepals can spell stuff so gr8 . OMG if u think he has problems spelling look at watt the yung under 24 year olds type like .LOL

Jaffasoft wrote:
So if i'm talking to a bloke and we have a beer and draw on the back of an envelope and it's signed it's a done deal.

Depends also on how many beers as if the bloke is intoxicated the contract is not enforcable due to lack of capacity to make a decision.

Usually one suburb goes ballistic and when it becomes too expensive to buy into people then buy in the neighboring cheaper suburb.

Buy some books and read them its cheaper than university and that's exactly what you end up doing at university anyway. Here are some books from an interesting resource called business mall which is part of API…[Read more]

l_b29265 wrote:
Thankyou Scott. I see what you mean, but I was thinking that I may be able to claim the losses each year (in  my usual income tax return which was prepared for my day job) somehow? Would it have reduced my taxable income if I made a loss of 10K on the vacant land each year? Thats more the point of what I was hoping to claim. I'm…[Read more]

Have you taken into account the first home owners grant that you might be entitled to up until September 2009.Go a google search on FHOG to see government web site on it.Banks lend to people with jobs and depending on how much you earn they will lend to a level they feel you can service.This is known as servicability and then they will also lend…[Read more]