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 6 years, 2 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 6 years, 2 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 replacing fencing… what do i need to know re tax?? in the forum Legal & Accounting 6 years, 4 months ago
Thank you for your input, at least i am on the right page!!
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]
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 $$
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
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
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! 7 years 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]
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.