[mick64Participant@mick64Join Date: 2012Post Count: 45]

February 23, 2013 - 10:18 pm

Thanks Richard,

It looked to me to tick a lot of boxes but its always good to hear someone elses opinion!

I have sent you a PM regarding my smsf.

Mick

[mick64Participant@mick64Join Date: 2012Post Count: 45]

January 13, 2013 - 8:29 pm

Thanks Gents for your responses.

Richard, I have sent you an email re your Ebook.

Thanks Mick

[mick64Participant@mick64Join Date: 2012Post Count: 45]

December 12, 2012 - 8:47 am

I thought it was just me!

[mick64Participant@mick64Join Date: 2012Post Count: 45]

December 7, 2012 - 7:14 am

Your income Daneo!  Separate from your rental returns

 180K @ 5.6% = $195 per week repayments + management rates etc

less improvements in your tax position ……..mortgage insurance, depreciation etc

[mick64Participant@mick64Join Date: 2012Post Count: 45]

December 7, 2012 - 6:35 am

My sums tell me this property is positively geared!

Surmising a 10% deposit with an income of 50k it should generate $40-$50 per week.  

[mick64Participant@mick64Join Date: 2012Post Count: 45]

December 4, 2012 - 3:04 am

Not much and a long time!

[mick64Participant@mick64Join Date: 2012Post Count: 45]

December 4, 2012 - 12:17 am

Bold prediction……1/2% drop

[mick64Participant@mick64Join Date: 2012Post Count: 45]

December 3, 2012 - 4:43 am

My Family………………and the want to spend as much time with them as possible!

[mick64Participant@mick64Join Date: 2012Post Count: 45]

November 29, 2012 - 11:39 am

Weed mat or geotextile fabric/bidum would be the best to use.

I would use a river pebble rather than a gravel due to it being smooth to walk on bare footed

[mick64Participant@mick64Join Date: 2012Post Count: 45]

November 28, 2012 - 8:26 pm

 Hi Aussieguy.

Her is a link as requested, however  when I was looking at purchasing an NRAS property the marketing spin was that preferred tenants are teachers, police, nurses etc etc…….no mention of welfare recipients meeting the criteria.

But at the end of the day the landlord still chooses who they will allow in their property.

 

http://www.communities.qld.gov.au/resources/housing/renting/nras-prospective-tenants.pdf

[mick64Participant@mick64Join Date: 2012Post Count: 45]

November 28, 2012 - 5:00 am

Thanks PLC,

Luckily it didn't apply in this case as both solicitors viewed the vendor as delaying the settlement.

[mick64Participant@mick64Join Date: 2012Post Count: 45]

November 27, 2012 - 5:50 am

Great news property settled today, carpets and stove professionally cleaned but still need to spend $5-600 to get it to  where it was at exchange. I will put this down to an education.

Terry, no mention of penalty interest …..can you elaborate on where that may have come into play?

Thanks Mick

[mick64Participant@mick64Join Date: 2012Post Count: 45]

November 26, 2012 - 11:15 pm

Mystery,

I think it could drag on indefinitely, however my tenant cant wait forever!

But you are correct it is costing the vendor interest charges daily.

Mick

[mick64Participant@mick64Join Date: 2012Post Count: 45]

November 26, 2012 - 7:09 am

I am beginning to think the same thing Terry!

[mick64Participant@mick64Join Date: 2012Post Count: 45]

November 26, 2012 - 7:08 am

Mystery,

The tenants all 3 of them had only been in the property since the day before I first made an offer some 40 days ago…..no formal arrangements just $500 per week rent.

[mick64Participant@mick64Join Date: 2012Post Count: 45]

November 26, 2012 - 5:29 am

Thanks Terry,

Tenant has moved out , property is still filthy with minor repairs required! The vendor is unable to provide keys to the back door, the Garage, an internal door and the front deadlock.

We have reduced a hold back that our solicitor suggested on Friday from $2000 to $750 dollars today! However the vendor wont budge…….he refuses to settle with any figure under sale price and wont make any attempt to clean or repair the damage himself.

We are currently at a stalemate!

Cheers Mick

 

[mick64Participant@mick64Join Date: 2012Post Count: 45]

November 25, 2012 - 8:19 pm

Will do Catalyst,

Cant wait to see what today brings?

Mick

[mick64Participant@mick64Join Date: 2012Post Count: 45]

November 25, 2012 - 12:11 am

Gazza,

Livid is an understatement but I keep reminding myself that its business and if I get a good outcome and am not out of pocket too much than it will be OK.

Joe, what scares me is they are actually cooking and eating amongst the filth.

[mick64Participant@mick64Join Date: 2012Post Count: 45]

November 24, 2012 - 10:42 pm

My house also Rick,

I don't think the tenants would know what day it is!

[mick64Participant@mick64Join Date: 2012Post Count: 45]

November 24, 2012 - 10:41 pm

Thanks Jamie,

It is very frustrating, our solicitor has advised that we are going to hold some monies to cover costs  however I am not sure of the legalities?

I would be absolutely happy if the property was as inspected at time of purchase.

Cheers Mick