Your dislexia was a big hit @home Luckyone. The english language is a funny kettle of fish. Speaking of fish, did you know it can be spelled “ghoti” [?]

How? Well gh as in tough, o as in women and ti as in initial! That’s how.

Hi Andy,

A gutsy move mate! I have considered same, but am currently looking at equity first. Weighing up gains with a mortgage compared to similar rental costs for some other bugger to gain.

900 g’s is something else though. Presumably most of this lays within your current lazy asset. 20 years is a lot of time to restructure.

As AD pointed out…[Read more]

Hi Huey,

Change the locks and get another managing agent.

Your insurance is in place for just such circumstances. Sounds like you need to take control of it yourself in the interim though, while you wait for the slow cogs to turn.

If your IP is in the ACT also, please let me know.

Kind regards, Phil

Hi Kaza,

Any rule is only a guideline. As Steve points out, it’s a tool to help quickly sort the possibles from those to dismiss. If you find a property coming close to the equation, look further into it.
Some properties have been touted to yield up to 15% return. Others coming in at say 9% might still be worth investigation, depending on your…[Read more]

Hi Darren
Are u still online ?
Yes I would like to chat to u more about
your suburb..

How would i chat to you on this site ??
Iam pretty new to this site ..

Mini, I’ve always loved the name Heidi, but was never allowed to use it on my girls. We had a family vote for our last child, in case it was a girl. (My wife always wanted to call our baby “Kelsey” if it was a boy, as in Kelsey Grammer, but now all the girls are pinching it!)
The name that won was Yvette, followed closely by Maeve and Freya which…[Read more]

Thanks Bryce, it looks interesting. I’d still like to be able to keep them out though, not just be able to detect them when they’re in. Can’t beat steel or concrete stumps!
Regards, Jim.

Thanks for that HG, I always been just a little suspicious of having just a physical barrier around the edge of the slab. It’s fine until your slab develops a microfine crack, which is all the little blighters need. There is some interesting reading about that in the Termite Action Group website: http://www.termiteactiongroup.com/
They say that…[Read more]

ROSSCOE888 You can’t increase the borrowing on your townhouse and have it all tax deductible. You will be able to claim a deduction on the interest on your 80k once you start renting it. (I’ve checked with my accountant on that) You can borrow against the equity in your townhouse for a new IP, which would then have deductible interest.
It all…[Read more]

quote:
Thanks heaps, people, I think what I’ll do now is call the RE agent to ask if he can get the owners to make a list (or make copies) of all the things they installed, eg the ari conditioner, the kitchen etc, so this will help the QS make a report…
Thanks again, regards Celivia

Just one thing I forgot to mention Celivia. My Q/Surveyor told…[Read more]

Just had one done last week in Melbourne by Deppro, 6 year old place, cost me $550. Tried to get them to do a better deal for multiple properties but they wouldn’t come to the party. Anyway, the report looks good, still need to run it by my accountant.

I’ve also got a 70 year old place which I decided not to go ahead with, based on my…[Read more]

Just had one done last week in Melbourne by Deppro, 6 year old place, cost me $550. Tried to get them to do a better deal for multiple properties but they wouldn’t come to the party. Anyway, the report looks good, still need to run it by my accountant.

I’ve also got a 70 year old place which I decided not to go ahead with, based on my…[Read more]

I also use XP and have your program. To date I have not experienced any problems, maybe it is because I’m using the Professional Edition and maybe others are using the Home Edition. Otherwise it would simply just be a matter of everyone downloading the latest Windows Update Service pack then there should be no problems. Good luck and Thanks for…[Read more]

quote:
Gidday,
I’ve been quoted up to $1000 for a Quantity Surveyor to go in and list everything for depreation.
R2

Sounds expensive R2dee2! Have you checked out Deppro as mentioned above? They have a Brisbane contact. I’ve been using Culling, Smit & Associates who are in Brisbane. Website: http://www.petrie.hotkey.net.au/~csan/
You might have a…[Read more]

Thanks for showing us some real figures Rod. I shouldn’t go running off at the mouth (keyboard) without knowing all the facts. I did ask early in the post for some real figures though.
I just spoke to the Q/Surveyor who did my new properties to ask him about old ones. He said that there are two ways to do it, one is basically as I assumed above,…[Read more]

Hi There![]

Best to talk to a mortgage broker, there are no documentation loans / asset lends out there but at a higher interest rate usually for the first two years until they see you’ve settled well then it usually drops back to the market rate but then again that’s something that you can discuss with a broker. You will however need a deposit,…[Read more]

For those prices you would be looking more regional/rural areas a few hours out depending on the State. In tasmania you could maybe still pickup a bargain close to town but that all depends on your motivation and determination to research and persist in finding these bargain properties.

These properties are to be had in every state, if you…[Read more]

Hi There and welcome to the Forums![]

I have no doubt and am sure the majority would agree that the Internet is probably the most powerful tool available to Investors and potential Investors alike. It may be quite daunting at first if you are new to the Internet especially familiarising yourself with the way it works etc. but once you get use to…[Read more]

Hi HippyChick and Welcome to the forums!

With regards to your enquiry about creating a wealth plan / structure, I beleive I did make a suggestion in one of the other posts but shall post it again for you [] I firmly beleive that there is only so much you can incorporate with regards to setting up a wealth creation plan / strategy. The rest is up…[Read more]

Brokers don’t necessarily affiliate themselves with just one bank. There are a lot who have accreditation with a wide range of financial institutions.

At the end of the day they’re out there tailoring the best package to suit your individual needs. Being that they should be showing your results in the form of competative rates of a few lenders,…[Read more]