TheFinanceShop wrote:
Hi Kate, You can either cross securitise

Why would she do that?CheersJamie

Generally speaking, yes you should.

Cheers

Jamie

WomeninPropMelb wrote:
Jamie, The tenant has to agree to go on the TICA register so I dont even know if anything on that would be useful or relevant. I guess if the tenant has agreed to go on it- then their history must be clear.

Or they went on it before their record became tarnished.CheersJamie

If you do decide to render it might be an idea to actually paint the render rather than using a coloured render. That way – if you get chips in it, you can touch up with paint so maintenance should be easier.Use a decent paint though – there's specific ones for rendered surfaces. CheersJamie

Toshie7 wrote:
Hi, Renovating under house where my mother lives upstairs. Downstairs self contained flat with separate entrance and two bedrooms 1 bath 1 garage. Open for business mid August. The problem I have I do not wish a property manager. I do wish to check on potential tenants. I also do not wish to go to the cost of setting anything up…[Read more]

WomeninPropMelb wrote:
Well I did say the Real Estate Agents do it for free.
I have found agents in the area to be spot on when I have told them what I want the appraisal for.
Maybe you choose agents that are not all that good when you get inflated prices Jamie – or you are not clear on what you are looking for?

Hiya

Not specifically referring…[Read more]

JohnDoe wrote:
My next question is – Should I have an initial meeting with at least two accountants and then make a decision?   

Sure – but you'll probably have to pay for two appointments.CheersJamie

Landlord and building insurance – do a quick search on the forum and you'll find a heap of posts providing recommendations.CheersJamie

Hi John

Like Richard said – with technology, distance these days is not an issue providing you can write an email and scan/fax documents.

Last week I dealt with clients from every state accept NT and even a couple from o/s

I know Richard is in Canada right now and no doubt still putting in some hours with his customers across Oz and…[Read more]

Depends on what's in demand for the area. I wouldn't render to enhance the rental yield – but I'd do it to add value to the property.

Cheers

Jamie

Depends on what's in demand for the area. I wouldn't render to enhance the rental yield – but I'd do it to add value to the property.CheersJamie

Owl wrote:
Thank you folks for the feedback above. I could not agree more that good advice is key and I am having several meetings over the next few weeks with Accontants, FA's and property advisors.  Still daunting as it is pretty tricky to figure out who is really good and has your interests at heart!   Ephraem, I am based in Sydney, NSW.…[Read more]

Are you claiming depreciation on Boris? I remember Terry mentioned that he'd depreciated a dog before CheersJamie

No – it doesn't normally happen.CheersJamie

Hi JoeDon't cross up the loans – there really is no benefit to you.Keep them separate – and preferably interest only unless you don't have any other non-deductible debt and don't plan on having any non-deductible debt in the future, then you could consider paying down some of the principle on one of the loans.CheersJamie

I've got policies with Real and One Path – no complaints with either so far.CheersJamie

I wouldn’t bother with an REA appraisal – they inflate the price and it will have no bearing on what the professional valuer believes its worth and what the bank is willing to lend against.

Cheers

Jamie

Yep – that’s an issue to. A few cheap sales can devalue yours. You’ll also be competing for tenants once the development is complete.

Cheers

Jamie

It will probably reduce your nett income which will reduce your borrowing capacity – to work out how much it will reduce your income by, check out this nifty calculator http://www.paycalculator.com.au/CheersJamie

Derek's spot on with his points.The two biggest issues are the finance (you might be able to get approval today based on your current circumstances but who knows what the world will look in 2014 – your circumstances may change, bank lending policy might be different, etc). The valuations not stacking up is another drama – particularly if you…[Read more]