Hi Benny,

This would only be IP number 2. The previous one was new and it was complete. I was hoping to buy complete again.
Yes, this one would also be in Adelaide – primary rational is to have a property for each of the kids. Diversify later.
As for new, part of it is depreciation, the other primary reasons are:
– I think it is easier to find…[Read more]

To further clarify.

Whose responsibility is it to ensure the ‘lead-in’ line from the house to the street is connected?

I thought this was a normal service that would be connected to the street infrastructure just like water and sewage.

Brett

Thanks for the information.

Wilko, when doing your calculations do you have a template that you follow. Is it something that is available and ensures you do not over look anything? Do you also have ball park figures for all of the different parts of the reno, render, kitchen etc to fit into your calculations, if it is a ball park, how did you…[Read more]

Thanks for the responses people.  It has given me a number of avenues to persue.Cheers,Brett

Yeah, the old wooden sleepers are on their way to a dump.Thanks Marc for the link to the Boral products. I have been looking at the Outback Sleepers, concreate sleepers that use steel posts. I do have a recent Boral pricing guide and I believe the concrete sleepers will be a bit cheaper and since they are coloured and have a texture I am hoping…[Read more]

Thanks for responding.  Most of them are okay, just always looking for a way to make a little more cash.Cheers, Brett

I am glad others are discussing this as I am trying to come to grips with this. I am currently reading 'More Wealth from Residential Property' by Jan Somers, and her discription of LVR seems to open up a number of possibilities which I believe are also being stated above.Here is my situtation:Current House Value $300,000. Own outrightPotential…[Read more]

Thanks Richard,Two follow-up question. 1. If I take out a line of Credit on a property I have the title for, will the line of credit provider keep the title until such time as I close the line of credit.2. If I have a Line of Credit with a maximum value of $100,000 is their a minimum I have to draw from it, or can the balance be '0' either because…[Read more]

What I would like to know is how they work. They do not work as a standard loan, and the I believe the money can be used for anything. So how do you keep investmentmoney away from other spending.What sort of proof do you need to retain regarding the use of the funds?Is the Line of Credit secured against a single property, multiple properties or…[Read more]