sounds like you get $0 if they are late to me…don't agree to such a thing.  they could thus legally take years to complete at their leisure!

You'd easily burn through a figure in the order of $150k to build in the backyard, and that will not include the creation of the driveway, fencing etc.Remember that you require a driveway width of minimum 3metres for the rear property to utilise.If you intend to subdivide, double check with council the minimum block sizes for the area and ensure…[Read more]

Doesn't matter how you look at it, negative gearing involves making a loss.  Fab.  Love making a loss – not.

Remember – do not assume that the answers the vendor gives you are correct.  You must do your own homework.  Do a ring around of the insurance companies and find out for yourself – can you actually get insurance for this property, and if so, how much would it cost?  What would the claim excess be?Regardless, in any offer, always offer "subject to…[Read more]

There will also be some trouble with insurance.  If you search this forum for "boarding house" and "rooming house" you'll soon find threads on it.Remember that student accommodation means you are dealing with students.  People of limited means and who can move quickly if they feel like it.  IMO there is little incentive for such people to pay re…[Read more]

Stick to the question of the helpfulness of the course content… not necessary to discuss other people's private relationships on open forum.

Some examples of where the trust strucure would be a goodie:- you are a doctor and a patient sues you for messing something up- you are a diving instructor and are at high risk of something occurring during a diving session that results in a dive student being injured/killed and the student or their family sues you.

Yep that is about standard… sometimes things are negotiable… for eg if you have multiple properties to be managed.As fWord says, don't choose only based on price.Some things to consider are:- What advertising streams do they offer to advertise rentals? (realestate.com.au? local paper? window ads?)- What days and hours are they open?- Re the…[Read more]

JacM wrote:
Alrighty let's get particular about this.  It says you can't build units or flats.  Doesn't rule out houses or townhouses, or subdivision of land…It also doesn't rule out getting the land subdivided, getting council permits for the build, and selling the land with the permit.  ie don't both building. Either way talk to your so…[Read more]

Alrighty let's get particular about this.  It says you can't build units or flats.  Doesn't rule out houses or townhouses, or subdivision of land…It also doesn't rule out getting the land subdivided, getting council permits for the build, and selling the land with the permit.  ie don't both building. Either way talk to your so…

Perfect  !  You're on your way !Be sure the cf+ property has good growth too.

Um… you have bought the block.  It is no longer his.  It is yours.  If there is no covenant, then that is that.  If council says yes then you should be fine.  In fact I'd think council will not be able to approve it if there is a covenant.  If you get stuck or are worried, chat to yor solicitor.  Then you will know exactly where you stand,…[Read more]

Wow your folks must have a lot of spare coin to be loaning!Might be worth considering a different approach such as:Borrow money from parents to buy IP #1.Pay them back asap.  You don't want ill feelings re money with your parents. While you are paying them, IP #1 is growing in value.After a year or so, you can use the growth in value (equity) in…[Read more]

I'd call straight away, as it will be a matter of the contract of sale details.   Once you are clear in your mind about where you stand, you will be able to stand firm and not crumble and hand over money prematurely.

have you spoken to your soliitor about this?

I would like to see this also!!  Post on here for all to enjoy

utilities are kept separate by adding separate meters. contact you water, gas and electricity providers to enquire.  be aware though that the cost of installing a water meter is heaps compared to just paying for the tenant's water usage.

If you google NRAS (National Rental Affordability Scheme) there is heaps of info.  The general idea is that the government pays a portion of the rent, and that portion is guaranteed for a certain number of years.

zgnilek wrote:
Jamie, fair enough.  Won't I be able to offset losses made by trust owned investments against my personal income?  I thought that as an owner of the trust I get to ultimately offset any losses against my personal income.

No, your trust would be a separate entity from yourself. So it is kind of like a separate person.  It su…[Read more]

why would it look hotch bodged? do you mean because the rear house would look different?  a fence will fix that.