Total Members: 158,199

mizfitz

  • mizfitz started the topic serviceability when working on hourly basis in the forum Finance 9 years, 4 months ago

    My husband and I have IP and PPOR and are currently under contract with another property to be come PPOR (current PPOR to be IP#2)
    i have changed employment since last loan (this time last year) and apparently the banks insurer is having an issue that i am paid on an hourly basis – even though it is a permanent full time position. i have been…[Read more]

  • mizfitz replied to the topic Tenant 3 weeks behind, what are the possible scenarios?? in the forum General Property 9 years, 11 months ago

    Thanks Jaime M, I am hoping for a quick and simple resolution!!
    What happens if she leaves peacefully and bond covers rent but there are issues with the property?? ie cleaning and some repairs?? What happens then? Is that claimed for on my insurance??

  • mizfitz started the topic Tenant 3 weeks behind, what are the possible scenarios?? in the forum General Property 9 years, 11 months ago

    Then tenant in my recently acquired first IP is currently 3 weeks behind in rent according to my PM. She has dodged phone calls and isnt returning emails. My PM is dropping in and leaving a notice to vacate. If she leaves gracefully does her bond money cover outstanding rent? (hopefully the property is left in good order) Is there anything else…[Read more]

  • mizfitz replied to the topic Seperate equity loan, interest deductible?? in the forum Legal & Accounting 10 years ago

    outstanding,  thank you!!!

  • mizfitz replied to the topic replacing fencing… what do i need to know re tax?? in the forum Legal & Accounting 10 years, 1 month ago

    Hi Duckster'

    Thank you for your input, at least i am on the right page!!

    Cheers

  • mizfitz replied to the topic Rockville -suburb of Toowoomba in the forum Help Needed! 10 years, 6 months ago

    I also second that comment halfback, as I also live in toowoomba. Areas such as harristown, newtown wilsonton (not wilsonton heights) are at the bottom end of the price spectrum and these properties are going like hotcakes atm (i just signed a contract on an IP in bris as the market is too hot here). Dont get me wrong there are some nice streets…[Read more]

  • mizfitz replied to the topic Purchasing sight unseen in the forum Help Needed! 10 years, 6 months ago

    Thats exactly right JacM, some photos go back years! I'll just have to bite the bullet and go for a road trip!!

  • mizfitz replied to the topic Purchasing sight unseen in the forum Thanks again forum people!  I 10 years, 6 months ago

    Thanks again forum people!  I love having answers to all my questions!!

  • mizfitz replied to the topic how far will a combined income of $80k get us?? in the forum Finance 10 years, 8 months ago

    Thanks Jamie, 

    we'll go slow and steady to win this race, we are in our late 20's and have no desire to go all out and get in over our heads. we both love our jobs but just want something profitable to do with our extra $$

  • mizfitz replied to the topic how far will a combined income of $80k get us?? in the forum Finance 10 years, 8 months ago

    Well that’s some welcome news! I’ve done 18 months of research, subscribe to 2 investment mags and go through this forum from back to front learning all the ins n outs. I just wanted to make sure I wasn’t setting my bar too high. Capital growth and rental yields are going to be the #1 thing on my list.
    Thank you for your positive feedback

  • mizfitz replied to the topic renovating with a tenant in place in the forum General Property 10 years, 8 months ago

    I was hoping so DK!! I also did a cosmestic reno on my PPOR which has aided in my first IP, was just wanting to recreate what had already worked for me. But I think i will either look at empty properties or tenanted ones that already have been updated; if the numbers stack up. Cheers for that guys 

  • mizfitz replied to the topic renovating with a tenant in place in the forum General Property 10 years, 8 months ago

    looking at purchasing first IP in Toowoomba, where i also live, a lot of the houses in my price bracket (250k) are tenanted, I was wanting to do just basic reno, paint, floors, kitchen and bathroom to speed up my equity process so that i can use it to fund another purchase, So my question is should it be put in the too hard basket and just focus…[Read more]

  • mizfitz replied to the topic Best place for renovation/hold or renovation/sell in Toowoomba? in the forum Help Needed! 10 years, 8 months ago

    I have been a resident of toowoomba for 10 years and am in the process of purchasing my first IP here. I also have been leaning towards newtown, harristown and i live in a fantastic part of wilsonton that i would also buy in. While attempts have been made to upgrade areas of wilsonton heights (new housing estate and small shops) the area is still…[Read more]

  • mizfitz replied to the topic 30 properties before 25, finance??? in the forum curiosity has got the better 10 years, 11 months ago

    curiosity has got the better of me Qlds007, may i please have a copy of your article? [email protected]
    Cheers

  • mizfitz replied to the topic MILDURA: TO BUY OR NOT TO BUY? in the forum General Property 11 years ago

    thanks everyone for their input, i agree that it is a good place for rental yields to balance out a portfolio and maybe something to look into in the future, but as i am only just starting out on my portfolio i might stick to somewhere that has some capital gains on the horizon.

    CHEERS

  • mizfitz replied to the topic removable homes as an option? in the forum General Property 11 years, 1 month ago

    Thanks for the feedback, its definately food for thought, holding costs and financing are also hurdles as well as council permits.

mizfitz

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