The issue seems to be with the LMI, ANZ has approved the loan but they get knocked back at the LMI stage.If there is that much security on offer, do they need LMI? At what level don't they need lmi?

Property will always be cashflow positive if you have a big enough deposit but I know what you're getting at Marc

Stucco is only render, hit it with a scabbling gun & re-render or take of 4 inch wide vertical strips and lay battens/blue board/render. Weight should be about 40kg/m2 – do you have about 300 m2 to do? If so you might need to use a renderer to get a decent finish.

I can't vouch for the legal stationers nor for their adequacy Linar. No offence taken.

They charge you a finders fee (deductible from the $500, or so they say). Signing up to the email gives you free access to the pricing and returns (they send daily emails).If you look on the net, you will probably find the same properties advertised – they scrub out the agent's sign & any advertising that will identify the property – I have seen…[Read more]

From my discussions with my associate, I established that he is taking out the loan as a personal loan so as to get a better interest rate than on a commmercial/business loan. The broker is dealing thru ANZ however I don't know the particulars of the MI, apparently there is some issue with regards to the guarantor (the MI has given specific…[Read more]

The law of the jungle applies – however it does have many implications: the purchaser can only write down depreciation on the value of what they have bought ie the discounted price, the purchaser will onsell the units at their true market value (not at the heavily discounted/get out of gaol price at which it was purchased), valuers will have to…[Read more]

Tracey, as you pointed out, valuers do put a note on the valuation with regards to the document being for the person/company that commissioned the valuation and the purpose for which the val was made. nor is it be used for any other purpose or by anyone else who is going to rely on that document without first consulting the valuer.Geoff, all…[Read more]

Just a few pointers – how many zones are they going to provide ie upstairs/downstairs or greater degree of control? How many thermostats (one up & one downstairs), does the system have the capacity to cool both levels simultaneously? Do you need to install 3 phase power or is this included? Is there access in your ceiling space to install the…[Read more]

It must be close to beer o'clock.

You've lost me a little… If you lease the house to the company, you can claim the deductions as it is a rental property. If the company then pays you a LWAFH allowance then it is up to you how you spend this money & where you live, as long as you are not leasing the property back from the company this is fine. Is there any chance of living in…[Read more]

Move them into a serviced apartment for a week whilst the internal works are done – but you will need to have all your ducks lined up to do the work ASAP. A few $ spent on keeping the tenant happy (consider it a holiday), is money well spent getting them out of your hair for the week while all the work happens.

The risk is no different to when you change insurers as you have found a more competitive price – it shouldn't cost any more, so shop around.

Scott No Mates wrote:
Google trusts – you should find a diy for under $500 (once you know what you require)

Found the link: http://www.patricia.com.au/page/unit_trusts/

It all comes down to the brief given to the soil tester, the number of samples, where they have been taken from on the site etc. If the site previously had a building which had been razed and the rubble buried on site the results will vary widely. Soil testing must be undertaken in the area where the works are to be done, to a sufficient depth to…[Read more]

Thanks

A couple of small points- most people who aren't in special care have an iq of >75 (and still they can't do much)- an apprenticeship lasts 4 years generally and covers a lot more issues than the weekend army will ever see.- $80 incl call out fee, a bargain. Who can diagnose a problem without seeing the site conditions?- trades (like plumbers, gas…[Read more]

If the locals aren't doing it for you, terminate their contract (in writing, including removal from the net etc).Market it yourself after getting the minor works done – note it as a 'fire sale/pre-mortgagee sale/divorce settlement etc' but leave sufficient room to move on price. Advert in local paper, SMH/Age/BCM country properties & on the web…[Read more]

Richard, is that to say by redrawing from your offset account rather than redrawing the loan, you can utilise these funds for other purposes and still get the deductibility of higher interest charges as the value of the loan had only been temporarily reduced by the 'spare' funds in the offset account?

Hopefully your solicitor actually checked the strata records to see if there were any problems with Body Corporate & that the Strata Plan was being correctly administered, including its finances.The executive of the BC should be able to rebalance the admin/sinking fund contributions at the AGM or at another meeting to better meet the operating…[Read more]