Avoid plumbers at all costs.

A plumbing void is one reserved for hydraulic services.

lease it to your brother, allow him to sublease the property.

I'd rather consider the quality of the investment as opposed to the size of the block that it sits in. A block of 10 with a difficult body corporate or cash-strapped owners or lots of rentals etc may be a dog of an investment or a gem, likewise a cbd highrise may have similar issues.

A coat of paint would be about the extent of it. Consider this, you are going to be getting an extra $10/wk ie $520 pa. 2 weeks lost rent while getting the place painted = $440-460, agent's letting fee $220+lease prep + gst, advertisement $150ish.It will cost you close to $800 today to recoup $10 for the next year and a half, so unless you will be…[Read more]

As long as the receipt can identify the seller & amount, it should suffice. Most people aren’t registered for gst, so can’t issue a tax invoice.

Congratulations, you have discovered the market. You can’t hold the gfc to account as our property markets were relatively left unscathed.

But seriously, in a market which is generally rising in all states, how did you manage to get it so wrong?

Is this a new property, they generally depreciate for the first few years.

Get your tax adjusted to…[Read more]

If you’re considering a course without the bs try http://www.oten.edu.au & look up course 32000 property development & investment.

Course is delivered by TAFE on the web & is self-paced.

leaking hws = replacement

Plumber – go for aw edwards, although they are a little distance away, they are good or hang outside of a plumbers supply and see who goes past.

Try to get all the work coordinated.

a proper search should have revealed some of these issues. The zoning certificate S149 would identify floodprone land – this forms part of the requirements for the sale of land in most states.

Does the property have a creek, waterway etc? The DPI/council could confirm. Did you check?

The agent can only disclose the information which has been…[Read more]

liquidated damages are just that. The amount in the contract has to reflect the loss/costs that you will incur eg: additional rent, interest etc applicable if the work had been completed.

Remember that the builder can legitimitely have the contract extended for inclement weather or for variations.

If you can’t prove it how can you justify it at a tax audit. Get a receipt book, put in the purchase details & seller’s name. You can’t claim the gst, as there is none.

Not likely. Just give them specific instructions that if there are any early payment discounts available to take advantage of them (this is only on the basis that you have sufficient funds sitting with the agent – eg have a $500 float for costs).

Probably right on the money there. Perth is buoyed by mining but is isolated & has a small population compared to eastern seaboard capitals.

Perth has had its day and will decline/plateau similar to the GC between the late 80’s through to late 90’s.

Rents, depending upon new stock, should remain strong due to the well-paid transient population.

direct all bills to the pm. You will get your statement every month showing all income/expenditure.

Why have a dog and still bark yourself ?

Richard, did you take up that offer from the two blondes selling blocks of apartments in Nigeria as well?

as the lease term exceeds 3 years you are not bound by the term of the residential tenancy act.

Rent reviews are to market but you’ll have to provide market evidence to dispute any review.

I love broad generalizations. Yes, there may be a huge oversupply in the bush but no one wants to live there or it is in the wrong place or otherwise unsuitable.

Conversely, we have a shortage of land released for development which in turn puts pressure on arable land/market gardens/food basket.

There is also a reluctance to embrace med/high…[Read more]

It would depend upon several things:

Do they have any options yet to be exercised?
Is there any hardstand & how much?
What sort of construction? How old? What condition?
How much office/warehouse/amenities?
Is that market or above/below market rent?
What are the review conditions? & frequency?
What is the zoning?
Is it floodprone?

1 – review the values of the two properties, either your expectations of value are too high (you've paid too much and nothing is ever going to fix that) or the rents are drammatically understated.2 – why is your regional property not +ve geared, is the rent too low, house in poor condition, undercapitalised/subdivisible etc?3 – consider renting…[Read more]

Looky here!