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 years ago.
The other side of the coin is a tree on the verge at another property of mine. The driveway was lifted by 100mm at a join and was only getting worse. I spoke to the council and they are going to dig up the driveway, cut out the root and re-concrete the driveway. Trees will not be removed in just about any circumstances.

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 “please explain” to deductions claimed.

The original search area was for negative geared properties……check your mailboxes

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, and your cash positive out the window.

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 1000. The asking price for the property should be less than or equal to this calculated figure. For example: a property advertised at 85,000 renting for $190 week – 11 second solution would be 190/2*1000 = $95000, so based on the figures alone would qualify for further investigation.”

Knowledge is power.

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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….

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The deposit is paid when the offer to purchase is made. The amount of deposit is very variable from nothing up to 10%. The negotiation for the deposit is more a lock in for the Real Estate agent and the buyer.