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  • Profile photo of a_d_r_i_a_na_d_r_i_a_n
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    August 22, 2012 - 6:44 am

    I was also shocked when i saw this on ACA.

    After the owner had payed the money for the reno DVD set and attended many of her seminars.

    But there must of been more to the story, also probably didnt help she payed all the tradies cash either! So she had no real come back.

    Cheers,

    Adrian

    Profile photo of a_d_r_i_a_na_d_r_i_a_n
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    July 20, 2012 - 3:16 am

    If you have multiple IP loans with the same bank.
    For this example you do not own a PPOR.

    Would you ever setup more than one offset account?

    Cheers,
    Adrian

    Profile photo of a_d_r_i_a_na_d_r_i_a_n
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    July 10, 2012 - 1:07 am

    I thought of this idea sometime ago aswell, and was greatly disappointed to find out it wouldnt work

    The big items like your insurances (LL and Building) / Reno costs are payed by CC, you can rank a few thousand just there.

    Profile photo of a_d_r_i_a_na_d_r_i_a_n
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    June 18, 2012 - 4:42 am

    Terry, thanks so much for your help

    Cheers,
    Adrian

    Profile photo of a_d_r_i_a_na_d_r_i_a_n
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    June 18, 2012 - 4:35 am

    Hi Terry,

    Thanks for clearing that, but does a 'home office' need to be a seperate room of the house? ie second bedroom
    Or could you get away with having a study of the side of the living room?

    Thanks again
    Regards,
    Adrian

    Profile photo of a_d_r_i_a_na_d_r_i_a_n
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    June 18, 2012 - 3:41 am

    Terry,

    With the way you have answered that question, I dont like the way the conversation is heading lol

    But for my 9-5 job, I work from home 3-4 times a week and was hoping this would tax deductiable?
    Also running all the paper work and computer usage from investing aswell.

    Please inform me if i am totally wrong

    Regards,
    Adrian

    Profile photo of a_d_r_i_a_na_d_r_i_a_n
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    June 5, 2012 - 12:57 am

    Ok great.

    Thanks for the advise Derek!

    Profile photo of a_d_r_i_a_na_d_r_i_a_n
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    June 5, 2012 - 12:37 am

    Maybe a silly question but thought id ask

    Does the QS report have to be completed before this FY ends?

    ie. if i was to organise it now, as someone above said it takes about 6 weeks (so July sometime) could i use this in FY 11 – 12?

    Cheers

    Profile photo of a_d_r_i_a_na_d_r_i_a_n
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    June 5, 2012 - 12:16 am
    v8ghia wrote:
    bugeye23 wrote:
     The angle i'm coming from here is I don't want to sell my property in the near future but want to see if the banks would recognise the value difference in my property  with a income producing asset added to my PPOR? Because what the bank values my house at and what the market would pay for it are 2 different things..

    Hi Bugeye – the short answer is no. As valuations go on comparable sales data, which of course will depend on houses in the locality that have sold that are 'similar' and both have or have not got this addition of solar panels, it will make minimal if any difference to a valuation.
    I have seen the most environmentally built houses that owners think are worth three times what they really are just for the way they have done them (nice to if you like that style) but essentially a 3 bedroom 2 bathroom house on 2 acres with a lock up shed in Bouganville will be worth $XYZ with a slight variation depending on date build, street appeal, condition etc rather than solar panels.

    GO for it though if the actual sums add up for you to save money!

    Cheers

    I agree with v8ghia

    I had a valuation on one of my IPs late last year, and was chatting away to the valuator. Conversation got onto solar panels and there value, but until they are more common they will not add much to valuation figure. They estimated within the next 5 years they will be more an added value of your IP.

    Cheers

    Profile photo of a_d_r_i_a_na_d_r_i_a_n
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    June 4, 2012 - 11:48 pm

    Hi Ed,

    Do you still any of the below books for sale?

    Wealth Magic by Peter Spann
    More Wealth from Residential Property by Jan Somers

    Cheers,
    Adrian

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    June 4, 2012 - 6:46 am

    Sorry, i think there called chainless*

    Profile photo of a_d_r_i_a_na_d_r_i_a_n
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    June 4, 2012 - 6:45 am

    I had a similar scenario myself eariler this year. I went with cordless verticals

    Worked out quite cheap, and look pretty smart aswell

    Profile photo of a_d_r_i_a_na_d_r_i_a_n
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    June 4, 2012 - 6:41 am

    Laying floating floorboards can be a relatively cheap solution, If you have someone handy in the family. They are easily installed and using the lower end of the pricing range per sqm could do the trick.

    Just food for thought..

    Profile photo of a_d_r_i_a_na_d_r_i_a_n
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    May 29, 2012 - 1:02 am

    I think Tracey summed it up pretty well with her last line

    "When purchasing I always ask myself:  Will this purchase take me closer to my goal or further away?"

    Everyone has a map to where they want to be in 5, 10, 20 years time. No other person will take the same route to get there. So analyse if this will fit in your portfolio (with help from your investing team) to get to end goal sooner.

    There is a free tool http://www.onthehouse.com.au/  which can provide comparable property figures. Does not always have every property listed thats it main down side.

    But hope it helps

    Adrian

     

    Profile photo of a_d_r_i_a_na_d_r_i_a_n
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    March 13, 2012 - 11:32 pm

    Hi Elisey,

    I have had pets at my current tenanted properties, with no issues at all.

    I would recommend you to find out what the pet is, and do a little research on it to see what 'bad habits' it has.

    Also would possibly talk with the Property Manager to include a clause on the lease to not let the pest inside the house also.

    Just a thought – hope it helps

    Adrian

    Profile photo of a_d_r_i_a_na_d_r_i_a_n
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    December 20, 2011 - 4:45 am

    Thanks Terry for your advise.

    In general – I have been told that you have more leverage when dealing with the lender directly. As when dealing with a broker you do not have the personal presence, and they are the middle man.

    If i am incorrect please advise :)

     

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