Didn’t know you could get paid for doing THAT!!!!

Regards

Patrick

The dumbest question is the one you don’t ask.

I’d do the playing with kids thing, but only if my wife promised to use the free time it would give her for R & R, not to do housework! If not, then an hour of ironing (or something) for me so she can sit and knit.

Regards

Patrick

The dumbest question is the one you don’t ask.

February 3rd

I also like red wine [thumbsupanim]

Regards

Patrick

The dumbest question is the one you don’t ask.

Hi Yack
My rural IP is in the UK, so the situation is slightly different. I paid it off 3 yrs ago and whilst the loan was still running it was still giving me approx. 14%. Its a bit less now as I’m having a fair bit of work done to it (extending house, buying land to make block bigger etc). As I said in another post tonight, the only hassle is…[Read more]

Sorry – I’m a big home renovation/gardening show type (sad I know). Detest most reality stuff (except The Apprentice). Then its Macleod’s D’s, still like it, Blue Heelers & Alias when I get onshore.

Regards

Patrick

The dumbest question is the one you don’t ask.

DIY is definately the go. You may not be able to claim the work done but you’ll still be able to bump up the rent a little. If you’re not that way inclined, just start on the easy stuff or rope in a mate to help out (often only costs a couple of beers).
I have a rural IP & other than repeatedly having to ask the tennants to cut the grass (they…[Read more]

Hi Kay

Thanks very much for the info. Now I understand!!!
You’re a legend. I think I’ll try & stick to the regional stuff though (just a pref).

Thank you,

[thumbsupanim][thumbsupanim][thumbsupanim]

Regards

Patrick

Hi guys,
I haven’t got the info with me (I’m on an oil rig in Bass Strait at the moment) but I can go a bit further with the measurements thing – how about poles and perches? They’re the next increments down from a rod. I came across these on maps of family property in the UK (dated 1770s!)
[specool]

(What the &%¤/&¤%# are you guys doing up at t…[Read more]

Hi all,

Just to clarify for me – If an IP is CF+ with a percentage higher than you could earn from a bank account or similar-risked other type of investment, aren’t you on a winner?
Granted there are smaller profits & larger ones, but profit is still profit that can be ploughed back in to finding & securing better returning IPs.
I look forward to…[Read more]

Hi Beck,
There are a bundle of sites about, most of which seem to have a section on commercial property/businesses. Some off the top of my head are:
http://www.noagentproperty.com.au
http://www.hotproperties.com.au

If you do a search on this site, (your question has been asked a few times) there will be a bunch more.
I hope this helps a…[Read more]

Sorry,
Just realised that I’m not quite on track, but its the thoughts that count (?)!!

Regards

Patrick

H Guys n Gals

Just a few comments from someone who has been a tennant with a pet & now has a landlord( with a different pet) .
Please note: These are purely my oppinions & only intended to help the thought process (they may unintentionally stir the pot!).

As a tennant (2BR GND flr appt)
I asked the landlady if a border collie was okay. Her…[Read more]

Hi
As I understand it, you keep paying interest until the principle is paid in full.
So if you borrow $100k, you’ll payinterest on that $100k until you sell the property (giving you the funds to pay out the original $100k) or if you’ve done really well with your other IPs (Investment Properties) & have the cash to pay it out. Make sense? I hope so…[Read more]

AAAAAARRRRRGGGGGHHHHHH!!!!!!

I just happened to come across this thread by accident! Have you guys any idea how much work I could have got done today? The stupid thing is that I still had to read the couple of pages after the answer!!
Very amusing none the less.
Thank you ALL

Regards

Patrick

Hi Damian
Well done! You’ve asked the questions. Remember that there is no such thing as a dumb question.
I’m quite new to all this too, I’ll try my best to help.
1. I don’t know about the amount of FHOG (first home owners grant) you can get, I’m under the impression that its $7000 countrywide & an extra $5000 in VIC.
You can use the grant to buy…[Read more]

Reason for choosing my Avatar?

Being a new member, I poked around the various forum that interested me and noticed the Avatars. I saw that nobody had decided to “think pink” & chose THE panther.
On reflection, I would like to think of myself as a cat burgler type – anonymous, slightly devious and ultimately only “borrowing” off those who deserve…[Read more]

Hi

My wife & I seem to go the way of putting most things on the visa card & pay it off completely each time a bill comes. That way our cash stays in the offset acct. longer! The points earned help get the family to see my parents in the UK.
Layby – most definately! We have just paid off our new pigeon pair fridge + freezer (haven’t had a…[Read more]

This is fascinating!!

I felt that it would be a bit rude to read about all these interesting jobs & not contribute – so here goes:
1st – Research forester. Measuring trees to see how long it would take before we could cut them down & plant more!

2nd – Divemaster. Being paid to dive on THE Reef & guide people around. There were some other fringe…[Read more]

Hi
It’s all down to how hard you want to push ahead.
I’m an owner occupier with a wife, 2 year-old & an 8 month-old. My plan is to pay off our house before I buy IP #2. (Already own IP #1).
If I were in your situation I would probably go ahead with the IPs.
I’m fairly new to all this, so there isn’t much fact to back-up my thoughts.
I hope this is…[Read more]

Sairah

If it were me, I would be more likely to hire a builder/building inspector(& go with them on the inspections to glean info) until you get a better feel for it. I have had general inspections done before even submitting an offer (almost “office policy”).
Provided you have finance roughly squared away, you don’t need an agent. I just use…[Read more]