Forum Replies Created
Most painters I know want to supply their own paint. This seems to be due to the different types of paints available. Some paints are better for rolling and some for spraying. I don't know which are which but I have been told that painters get used to using certain types of paint. Probably the same reasons electricians like to use certain brands for certain jobs, and plumbers like to use certain fittings. But if you know what paint the painter wants to use and you have an idea what you can get it for you can always ask for two quotes, one with paint supplied and one without.
I know it wasn't asked but I just wanted to add my $0.02.
Homes that have tongue and groove walls and ceilings take a little longer to prep. As the house moves over the years you can get gaps in between the boards. These gaps are dark as there is no light behind it, and can make a new paint job look old or dodgy. I bought tubes and tubes and tubes of weatherboard gap filler. I squirt a line of filler along the gap including the parts where the boards are still close together, Then I run my finger along the seam to get a smooth line of glue that fills the gap. This will, after a few hours, give your finger an awesome buff almost to the point of seeing your reflection on it. The glue shrinks a little when it dries, and you get the nice tongue and groove look without any black lines. Then I just use a brush to paint just the grooves. When that dries I then paint the whole lot with two or more coats, using rollers.
I am not a professional painter, I am just a handy man. But this is how I renovated my own home, and it looks better than what I have seen friends do to their own houses.
I know you can self manage your super, but I do not know much more. It was something that I was looking into as well.
here are some links that I have been reading up on
http://blog.enright.com.au/2009/04/15/take-control-of-your-superannuation-2/aturner wrote:I am currently employed full time on a salary of 200k a year. I have savings of 80k and and have no debt. I only have a very small amount of expenses such as phone and internet each month. I do not currently own a house or pay rent as my accommodation is supplied by my employer.What are you spending $120,000 on if you only have a very small amount of expenses and no rent?
In your situation, I would be leaning towards commercial property.
Just some quick maths from my first look,
after reno income $300 * 52 = 15,600
15,600 / 240,000 = 0.065 or 6.5% yield. this may be an okay yield for most investers set on negative gearing, but the extra money that you spend to perform your renovation will reduce your yield. If you quit your job what will you use the negative gearing for.
It might be worth looking at the maths with what it is currently rented for and possibly reduce the amount you are willing to pay to increase your yield.
Another idea is to buy the property in both names so that your girlfriend can claim the negative gearing.Just my two cents, I am only new to investing and have already made my own problems.
jontapp wrote:5 days per week – 15 hr days (6am to 9pm) – why be in a relationship?Think of all the loving they can do on the weekend!
I agree that they should not have bought a house and land package and started off small. Then they could have bought something closer to the 100k mark and payed that off. When Chloe finishes her apprenticeship and secures a better wage they could buy the house and land package, Rent it out, claim the losses to help pay off the PPOR, That way someone else is paying for their dream home.
As some one whose PPOR is surrounded by floodwater, I will not be selling. I believe that the houses that do sell will fall about 10% then rise again provided there are no more floods in the next 5 years. If the floods come again in the next 12 months you would see a huge drop in prices. I think the price drop will be inversely proportional to the frequency and severity of the floodwaters.
I would suspect that rents will stay the same though as we have good employment in the area.
Here the floodwaters rise slowly then drop slowly meaning that houses are floodbound for weeks not days. a slow rising flood is a much gentler than a flash flood where homes are ripped away.
I recently bought an investment property. I went through the same lender that i used for my PPOR. I had about $15,000 in redraw on my PPOR and the bank was willing to give me 90% of the two property values minus what I owed. So in doing so I had to some of the redraw to help pay for the investment.
If I was in your situation, I would stop making payments to the loan for your PPOR. Borrow against your PPOR. Claim the interest lost at tax time and use the tax return to pay off your PPOR. This means that you can keep your redraw funds for emergency situations.
I have friends that only owe one more repayment on their houses but still have 10 or more years left on their loan. This means they only pay interest on $500 instead of %100,000. Then they can take some of the redraw back when they need to pay for things like car breakdown or hospital bills.
But then again I have only just bought my first investment, so I may not be the wisest owl on this forum. You could always talk to a financial advisor. The first chat is usually free.
