[emu1208Member@emu1208Join Date: 2008Post Count: 19]

August 1, 2008 - 5:33 pm

I just sold one of my investment property within two months and made a good profit.  I have another property for rent and I thought of selling it at the end of the year. ( it will be 12 months then) I borrow 60% of the purchase price, with all the price falling I am safe to keep this property??? I need to wait 12 months so I wont pay too mush tax on capital gains.. any suggestions

[emu1208Member@emu1208Join Date: 2008Post Count: 19]

June 18, 2008 - 4:27 am

ormeau is your post for me?

[emu1208Member@emu1208Join Date: 2008Post Count: 19]

June 18, 2008 - 4:08 am

I have two rental property and I am out of pocket by $250fn, by the end of financial year I end up even.  If ever we have a property bust and I think I will be safe cause my loan is fixed for 2 years and I only borrow 60% of the purchase price. So… Im a bit confussed of all the media report etc……should I SELL both property now and buy again in two years time..

[emu1208Member@emu1208Join Date: 2008Post Count: 19]

May 17, 2008 - 2:05 pm

r u talking to me….. young gun86????

Before you give me a lippy u silly person.. this is a true fact that I have 2 property and I am in a process of getting appraisal and selling…cause I follow the market and i agree with the statement with the other guys… .. You mush have translated my writing in a different way..

[emu1208Member@emu1208Join Date: 2008Post Count: 19]

May 17, 2008 - 1:01 pm

i have two property…. sounds like this is the best time to sell huh?

[emu1208Member@emu1208Join Date: 2008Post Count: 19]

March 28, 2008 - 5:32 am

thanks cat159..

another question??.. I have bought and sold  property…. How long or do I need to hold on to the paper work eg contract, building , pest inpection report, mortagage document etc

[emu1208Member@emu1208Join Date: 2008Post Count: 19]

March 27, 2008 - 11:28 am

I have IP in QLD and I just put it in the market today….. so…. is it 60 days notice from the day property was advertise for sale???? or 60 days notice once contract signed???

[emu1208Member@emu1208Join Date: 2008Post Count: 19]

March 22, 2008 - 2:39 am

Am I allowed to advertise my property for sale here?

[emu1208Member@emu1208Join Date: 2008Post Count: 19]

March 20, 2008 - 3:30 am

I just found out that Tennant now on periodic terms. She did not signed the re newed lease within 5 days therefore its nul void according to PM…Lease or no lease that ok with me.. cause,. I might be looking to put this property in the market but not sure yet!! According to the Real Estate Agent the Market very slow…

[emu1208Member@emu1208Join Date: 2008Post Count: 19]

March 19, 2008 - 10:09 pm

I am thinking of selling my Rental Property, BUT tennant signed for 6 months,…  How much notice do I give them? or where do I stand??  Property Manager says I have to honor the lease before I sell… is this right???

[emu1208Member@emu1208Join Date: 2008Post Count: 19]

March 15, 2008 - 6:16 am

I look after my tennant well, cause i want them to look after my property well..  I recently install aircondition, automatic garage and exhause fans.  I waited until lease expired then increase rent by $10 a week.  Rate increase are unfortunate and its not fair if you pass it on to the tennant, you can get it back via negarive gearing..
cheers

[emu1208Member@emu1208Join Date: 2008Post Count: 19]

March 15, 2008 - 5:34 am

I only deposited $100 and signed contract, this way they know that you are really serious about buying. It will also encorage the vendor to sign contract.  I personally dont think it matters how much deposit you initially put in.  Good luck

[emu1208Member@emu1208Join Date: 2008Post Count: 19]

March 15, 2008 - 5:26 am

I would HIGHLY recommend to get it check by independant licence building inspection.. No offence to the builder.. At the end of the day, you have to protect your self on the most expensive purchase of your life. 
cheers..

[emu1208Member@emu1208Join Date: 2008Post Count: 19]

March 15, 2008 - 5:16 am

Hi
Have you thought of buying "GOLD"..  I think its a good investment in the long run.. .. We bought unallocated gold 9.8 oz.. via Perth Mint. There always pros and cons on every investment… At the end of the day tis up to you how much you want to spend/risk.  
perthmint.com.au
cheers.. good luck

[emu1208Member@emu1208Join Date: 2008Post Count: 19]

March 15, 2008 - 5:06 am

Can you terminate contract with PM and get the tennant do a direct debit to your account?.. meanwhile look for other PM..
I have similar probs.. I have 2 rental propperty in QLD, (im in Darwin) its been great until they PM left the agency.  Now my RP have been passed on to a new PM which is so dumb … now she resigned/fired.. I have a new PM again… ooohhhh its frustrating.. I have great tennant but dumb PM..  I will be in the area this june and will shop around for a new PM.

[emu1208Member@emu1208Join Date: 2008Post Count: 19]

February 14, 2008 - 6:53 am

We just bought our second IP in Morayfield (QLD) its 4yo, house looks great and in an excellant location. Its within 5k of major shopping center, school, and day care.
We are thinking of doing a bit of landscaping and a cosmetic reno to add value.. Are all these tax deductable???

[emu1208Member@emu1208Join Date: 2008Post Count: 19]

February 11, 2008 - 11:32 am

It depends on your situation.. We own 2 IP .. First IP was (tennant joints) 50% wife and 50% husband.. Im not working so my husband can only claim 50% on tax.. Meanwhile my other 50% tax losses sits there till I get a job.  Second IP (tennants in common)we cut it into 95% husband and 5%wife, cause It will be a while till I decide to go back to work.  Just make sure you update your will.