[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

March 25, 2009 - 5:19 am

Bricks have less maintenance – but I am sucker a weatherboard house as it oozes character and charm. I find brick can date a house – but then again rendered they can look up todate as well.

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

March 24, 2009 - 5:14 am

Well my hubby unexpectedly lost his job in due in a small business due to not being able to afford him any more, this was approx 2 months ago. The up side is he started a new job within 2 weeks in a much better industry with heaps of paid overtime (every cloud does have a silver lining).
Our tenant has gotten into arrears on her rent.

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

March 23, 2009 - 7:38 pm

Hey Frosty – I used a company called catalyst down there. Let me know if you can't find them will dig out phone no. Cheers Maree

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

March 19, 2009 - 10:47 am

Wow that is terrible! There is a banking ombudsman, might be worth having a chat to them

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

March 17, 2009 - 4:47 am

it might be easier to pick Saturday nights tattslotto numbers lol.

I was agreeing with you the whole way, initially thought the sandstone, the thought the red looks traditional and make matching footpaths and driveways easier, but like goldilocks I thought the third one was just right

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

March 16, 2009 - 4:08 am

Hey Coretex – congrats on the property. I am a novice at this too, but my first suggestion is you need to get a quantitive surveyor to do a report on your property for depreciation. You can claim the cost of the report as a deductible on your tax return.

I maintain a basic excel spreadsheet for all my incomings (rent) and outgoings (interest on mortgage, maintenaince, insurance, bank fees etc). If you like I can email it to you my email address is [email protected] Did you make your loan interest only?

Cheers Maree

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

March 13, 2009 - 12:32 am

Sounds like things are going to be tight for you financially, without anything unexpected coming in – which could be the case with an older unit.
Based on your summary – I think selling would be the go, unless you can explore other options with the Investment Property such as a rent to buy? to make it work better for you?

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

March 7, 2009 - 1:54 am

Hi Jye – I am no expert but, could you contact the agent and amend your offer to include an expiry date?

Sounds like the agent is using the time in a hope of another buyer coming onto the market or if the other offer is genuine – giving them time to sort their finance.

Just say you are interested in a similiar property that is on the market and need an answer fast,

Regards,
Maree

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

March 4, 2009 - 10:15 pm

Hi globalguru we are in that area – would be interested in hearing more: [email protected]

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

March 3, 2009 - 5:12 am

Being totally selfish – you could buy the townhouse in Seaford Vic, that we are unfortunately not in a position to purchase at the moment. Then we could rent to buy from you *tongue in cheek*

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

February 1, 2009 - 9:31 am

Yes, that sounds like a fantastic plan. Plus do as much improvements as you can whilst the property is rented to claim on your tax

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

February 1, 2009 - 8:13 am

Hi is the 7 months after the settlement period? If so, I believe you must live in the property for 6months within the first 12 months. So you will have to evict your tenant to faciliate this.

Whilst it is an investment property you can claim deductables.

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

January 29, 2009 - 4:11 am

Hi Hans,

A "normal" home loan is where you pay principal and interest. A "investment" loan is interest only as you can only claim the interest charged as a deductible.

As for ease of switching between the 2 – I'm not sure. Hopefully "olds" or "terry" will pop in to clarify.

Hope that is of some help?

Cheers Maree

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

January 29, 2009 - 12:08 am

No brainer imho – split systems are so cheap now. Our IP has one the property we are renting doesn't Fortunately a friend has a portable air conditioner that they have lent us

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

January 26, 2009 - 6:16 am

thanks Terry (should have said $120 minimum after tax). Only been there since November 08 but have shifts in my diary for next six months (it is a reception centre). But have a history in the hospitality industry

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

January 26, 2009 - 5:01 am

we had early access – don't remember anything special in the documentation though. The owner was happy as the property was vacant and would rather it be looked like it was being occupied

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

January 26, 2009 - 4:49 am

I don't know the apartment block but work close by. Is it closer to Swanston or elizabeth st? Swanston is a place to be avoided imho for personal safety (girls opinion). Most of those apartments common areas are so dark and never seem to be ventilated – probably due to the costs. Plus lifts seem to add a lot of extra costs.

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

January 23, 2009 - 7:51 am

thanks for the kind words perpertrator. The upside is we have managed to survive for 3 months without income from the IP (over xmas period), so feeling really confident about taking the plunge and buying another  property now – we have unintentially proved we can do it

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

January 22, 2009 - 5:07 am

sigh – I have to change my tune and eat humble pie

I rent out our IP privately and it was great whilst the tenant paid on the due date but it has all gone pear shaped! Partly my fault as I have been so busy working 1 FT & 2 PT jobs that I failed to maintain proper records for this FY – now it is very messy and painful and she is all up 3 months behind – even though she gets rent assistance from the goverment and also received the stimulus package at xmas time which seems to have financed a very large trampoline in the backyard (no wonder I felt we weren't getting anywhere financially!!)

Anyway – my changed advice is go through a Property Manager – a good one is worth their weight in gold!

[maree_bradrossMember@maree_bradrossJoin Date: 2007Post Count: 401]

January 2, 2009 - 8:02 am

thanks Terry. The unit we are looking at is $340k, I think we may have to tread water a little bit longer to be in a stronger positon – get our tax return back and be closer to the end of our fixed rate. Don't think a seller is going to want a 7 month settkement……