Hmmm.

There are two questions here really. The first is deductibility. I would imagine from a taxation perspective your “hired help” would be tax deductible. Check with your accountant. Note that if any of these properties are held in a SMSF you’ll probably run into strife employing yourself or a related party.

However…[Read more]

Hmmm.

There are two questions here really. The first is deductibility. I would imagine from a taxation perspective your “hired help” would be tax deductible. Check with your accountant. Note that if any of these properties are held in a SMSF you’ll probably run into strife employing yourself or a related party.

However…[Read more]

Hmmm.

There are two questions here really. The first is deductibility. I would imagine from a taxation perspective your “hired help” would be tax deductible. Check with your accountant. However the more important issue is you not being represented by a (real estate) licensed PM that is up to speed with tenancy laws etc.

I…[Read more]

Welcome to the forums !

The question of whether it is worth hiring a BA is rather a big question.

Depending on the service offerings that are included in a particular BA’s service, they may be of value to you in a number of ways including:
– Putting an end to analysis paralysis by doing analysis for you and getting on with…[Read more]

To one person “rich” might mean having enough money to cover the bills, eat well, socialize etc without worrying whether you can pay the bills.

To another person “rich” might mean not being happy unless there is an overseas holiday each year.

To another person “rich” might mean being…[Read more]

Firstly check the PM is doing a decent job. Are they advertising opens at sensible times when most people can attend? Are the photos showing what the property has to offer? Have a friend contact the PM as a prospective tenant and see how the contact is handled. For example, did the receptionist take a message that nobody…[Read more]

As the others have pointed out, the answer is usually no. However if you really want it staged just for pics, one option is using one of those virtual staging mobs. They superimpose furniture etc into the pics. Some companies appear to do the photography with the staging as an extra, and some do just the staging. Here is one ;…[Read more]

Firstly take a look at high-level costings such as :

Purchase price of land
Stamp duty
Legal costs of acquisition
Cost of getting permits finalised
Costs of demolition permit and demolition itself
Cost of mortgage interest during this time
Cost of the build
Cost of mortgage interest for the build
Cost of subdivision
Selling…[Read more]

Laws in each state are different, but generally an agent is not required to pass on offers that fall outside a certain set of parameters if the vendor has instructed them not to bother them with such offers.

For instance, in Victoria, regulations 16 and 24 of the Estate Agents Professional Conduct Regulations 2008…[Read more]

Richard Taylor operates in the Brisbane area and specializes in that budget range.

https://www.propertyinvesting.com/members/qlds007/

Hmm, sounds like your bathroom has the toilet in the same room, and that the floorboards need replacing. Dilemma.

For just a week the tenants might find it a hassle to move out and prefer alternate options.

If you were dealing with a concrete slab I would say replace with a nice lino. However it sounds like that is not the…[Read more]

The thing you’ll definitely need is a good mortgage broker who knows how to approach financing deals like this (presuming you require borrowings).

Last I checked, expats pay 30% in every dollar of profits in tax.

You’d also need to consider how you will select an appropriate property and be confident of the condition of the property…[Read more]

Glad you found the forums so we can keep you out of strife. Can’t say this “opportunity” is particularly appealing.

Take a step back and try not to focus on a particular property but rather work out what financial goal you are working towards and how much capital (money) you have saved to get you started. That should keep you…[Read more]

Glad you found the forums so we can keep you out of strife. Can’t say this “opportunity” is particularly appealing.

Take a step back and try not to focus on a particular property but rather work out what financial goal you are working towards and how much capital (money) you have saved to get you started. That should keep you…[Read more]

Glad you found the forums so we can keep you out of strife. Can’t say this “opportunity” is particularly appealing.

Take a step back and try not to focus on a particular property but rather work out what financial goal you are working towards and how much capital (money) you have saved to get you started. That should keep you…[Read more]

A couple of articles that have addressed this are here;

http://blog.aussie.com.au/4-tax-deductions-you-should-be-aware-of-when-investing-in-property/

and item 11…[Read more]

A couple of articles that have addressed this are here;

http://blog.aussie.com.au/4-tax-deductions-you-should-be-aware-of-when-investing-in-property/

and item 11…[Read more]

I mean when the tenant leaves. There are two different styles of Dept Housing tenancy. One being Dept Housing is the tenant and they sublet to whomever they please. The other is an individual applying directly for your property and Dept Housing paying their bond and possibly also their rent.

I have different questions…

– What sort of locations are these properties in? For instance, is the 9% in a town in the middle of nowhere that would earn 9% if rented but might endure long vacancies?
– What sort of purchase prices are we talking?
– What sort of properties are they? Both freestanding houses? The reason I ask…[Read more]

I have different questions…

What sort of locations are these properties in? For instance, is the 9% in a town in the middle of nowhere that would earn 9% if rented but might endure long vacancies?
What sort of purchase prices are we talking?
What sort of properties are they? Both freestanding houses? The reason I ask is…[Read more]

Further to what Dean mentions… with the water bills, precisely what the bill will be will depend on which state the property is in, and how many water meters there are on site.

If there is just one meter, the body corp may pay the water bill and charge each unit an equal portion. Or each unit owner may get the bill directly…[Read more]

As @mikesonthemic has mentioned knocking on the door would be a good idea since chances are, if it is an owner occupier they are probably still living there. Alternatively, neighbours may recall…[Read more]

Welcome !

Too many people get a bit ahead of themselves and rush out and set up family trusts only to realize they are not eligible to borrow enough to buy an IP through that structure.

There are many brokers out there – the key is to get an investment savvy broker on board and get an understanding of your borrowing capacity as a first…[Read more]

Welcome to the forums

As the boys have pointed out, it’s all doable and there are slight differences in the prepped paperwork in each state if using a Buyers Agent.

As Richard mentioned, unless you’re going to the moon it can be done. With that said, if you intend to be uncontactable for a period of time during the searching…[Read more]

@rsco I hope you don’t now feel as if we’ve stomped on your ideas and that you’re stranded. Chatting to a savvy broker will be invaluable for you and help steer you onto a path that enables to you grow your wealth as time goes on rather than stunt it. They will likely have suggestions relevant to your scenario that you’ve not yet…[Read more]

@rsco I hope you don’t now feel as if we’ve stomped on your ideas and that you’re stranded. Chatting to a savvy broker will be invaluable for you and help steer you onto a path that enables to you grow your wealth as time goes on rather than stunt it. They will likely have suggestions relevant to your scenario that you’ve…[Read more]

Taking a step back… you will want to give very serious consideration to the dilemma of “purpose of borrowings” which was discussed extensively here ; http://somersoft.com/forums/showthread.php?t=29734

The moral of the story is this:

Unless you are a person that cannot resist the urge to spend money that is sitting in offset accounts,…[Read more]

Taking a step back… you will want to give very serious consideration to the dilemma of “purpose of borrowings” which was discussed extensively here ; http://somersoft.com/forums/showthread.php?t=29734

The moral of the story is this:

Unless you are a person that cannot resist the urge to spend money that is sitting in offset accounts,…[Read more]

Righty-oh then let’s see if we can help you steer the ship !

First and foremost, let’s address the idea of the units you mentioned.

Based on the pricepoint and rental return I’ll assume the units you’re talking about are in a regional location. It’s really important to check on holding costs because councils and water authorities…[Read more]

Righty-oh then let’s see if we can help you steer the ship !

First and foremost, let’s address the idea of the units you mentioned.

Based on the pricepoint and rental return I’ll assume the units you’re talking about are in a regional location. It’s really important to check on holding costs because councils and water authorities…[Read more]

Righty-oh then let’s see if we can help you steer the ship !

First and foremost, let’s address the idea of the units you mentioned.

Based on the pricepoint and rental return I’ll assume the units you’re talking about are in a regional location. It’s really important to check on holding costs because councils and water authorities…[Read more]

As Richard has mentioned, an email is pretty normal and accepted. Some agents may try to force you to put your offer in on a contract. Be aware that in doing so you’ve signed a contract without having your solicitor/conveyancer check it first, which could be dicey move for you.

Pleasure.

Welcome to the forums.

In all three of those suburbs, there are pockets and there are pockets, and it is critical to know which to avoid.

I do not like Norlane at all and never purchase there. It has problems that would be virtually impossible to overcome. The other two suburbs have pockets of goodness and pockets of quite the…[Read more]