I had a neighbour demanding the same action with a dead tree (which I suspect they had poisoned prior to my purchase) at a rental property of mine – they even formalised their demand for the removal. I formalised the reply and suggested I would allow the tree to be removed but at the expense of the neighbour. I haven’t heard from them since – two…[Read more]

I have just come back to this site and forum and suprise – there is a topic talking about me. I thought I was the only person in the world that has difficulty enthusing their partner in real estate investing. I am not a house nerd, but I love looking at our properties going up 20% pa and looking for similiar investments. The leap from looking to…[Read more]

I heard an interview with an ATO person last week detailing the their area of interest with Investment properties and the deductions claimed against them. The major push is to ask owners to justify and quantify costs. Deduction that include renovations will be a major focus area.

There will be 200,000 letters sent to property owners with a…[Read more]

Something else to bear in mind is the packages offered by banks for home loan and investment loan combinations. Reduced interest rates and fees are offered for combinations over $250K (CBA) All banks are offering them in some form or another…..may be of some help as well.

The margin you have built in to this property (20%) would seem to be an attraction straight away. I would imagine the repairs you talk about would have to be of a basic nature – otherwise our government wouldn’t let you live in it…..or would they?
If the repairs required are substantial you may end up with lots of depreciation to get rid of,…[Read more]

I have just completed a basic refit of a property in Melbourne and the total was just on $10,000.
If this property is to be rented out make sure of the market in the area you are buying.I am having some difficulties with an overabundance of rental properties available driving incomes down.

I have pinched this from another forum for other newbies like myself….
“The 11 Second Solution is a form of due-diligence over the numbers of a property (seperate from due-diligence on the physical property itself, and the potential/current tenants).

Essentially you take the rent achievable on the property, divide it by 2 and multiply it by…[Read more]

Is there no answer to the 11 second solution/rule?
There have been 206 people looking in here for guidance….including myself. Is there a link or is it a secret?

quote:
When making an offer to purchase, the buyer usually states eg. “10% deposit”. Is this the deposit paid when the offer is made by the buyer to the seller to make it look like a “genuine offer”, or is it the deposit paid as the remainder of the purchase (purchase price – 90% homeloan)?

Confused….

The deposit is paid when the offer to…[Read more]