Hi Liz,
We have a furnished place and furnished it thru Salvo’s or Op shops a lot more cheaply than 10000
. Bear in mind that the return on investment is better being 20/week on 4000 than 30/week on 10000 and believe me the tenant probably will not care $6000 worth.
I believe it has reaped some rewards for us in a flat situation and /but the flat…[Read more]

Also http://www.stgeorge.com.au has a stamp duty calculator
Cheers Len

Hi voirin,
I think a credit card can be useful in purchasing renovation goods and items for renovation or paying rates and water cost etc and keeping track of costs.

HOWEVER you must pay it down completely and I am certain I would not be using the available cash for a “deposit”.
Would that not defeat the purpose of buying Positive property .…[Read more]

Hi Roy,
After a week cruising the Murray River and coming home to heaps of forum activity and emails I note you have kept the home fires burning and the topic on the “board” for the get-to-gether and I note your question as to what I think about the agenda/topics. And although the first meeting was fairly easy-going, I think that some sort of Q…[Read more]

Hi NikkiK,
Boy do I have some ideas for you.Well yes and no!
We have some strata units at Inverell we purchased June 2004.
Paid 62.5k for each of 4 in block of 8.
One in same block on market for 75k at the time and rents are not up to 11 second rule but we believe the capital growth should be fine in our case.Also had a look at house there at the…[Read more]

Yasmina,
Check out westpac and anz for landlord etc insurance. Add-ons and types of cover will vary costs,eg tenants, fire, loss of rent, public liability
Cheers Len

Hi Dazzling and Pickworth,
On a recent settlement we took out an insurance with First Title Insurance and I believe it covers risks associated with but not confined to conveyancers checks.
eg “Insure you against actual loss icurred —-etc—the insured is orderedd to demolish, alter, add to or rebuild any building or part thereof on the…[Read more]

Roy,
Sorry, but for me it was never going to be this Saturday, or this Sunday.
I, at least , am thinking of Sunday 11th SEPTEMBER , not August.
And maximus,no topic, (at present at least)Just sit around and talk and we will see what comes up ((as the actress said to the bishop)).
Some feed back for Gladesville area and sorry about that Craig (not…[Read more]

Greetings All,
I am merely writing this so as to keep the topic in the active file.
I have heard nothing about a Sunday arvo meet–either pro or con.!!
We have an offer of a venue at Gladesville but do not know if that is a Sunday is suitable.
Or maybe —Geez —I don’t know !!!

I am uncomputerised from 20/8 until 4/9 so would love to hear some…[Read more]

Greetings All,
Some feed back already and some hints on maybe another get-to-gether,
Sooooooo

how about Sunday 11th September at about 4pm and maybe coffee and then stay on for dinner if some are inclined to do so.
Venue is open to suggestions with no malice indicated if your suggestion is not accepted,
So some thoughts on this please.

I hope…[Read more]

Greetings All,
It is now Sunday and I have returned after leaving Sydney at 2am Friday after the Thursday meeting for a “leisurely jaunt” to “Places Far Far Away” where we have some property that had to be seen to .Sorry I have not replied earlier. I was pleased that the Thursday night meeting did not end up a “one-on-one” with me,myself – (whoops…[Read more]

Greetings All,

I will be there at 6.30 because that time suits me and I will stay till later anyway, but because the whole thing is, or should be, informal, who really minds what time you can make it.
No starting time /no finishing time , play it by ear and looking forward to meeting some .
Cheers for now Len

Greetings and I bet you open a can of worms here because everybody will have a different idea.!!
Our accountant suggested, “easy in, easy out” and we are a couple. Not partners (business) and I still am not sure if it is the absolute ideal set-up but maybe too little time to cahnge it now so will stick with that. Anyway good luck and will be keen…[Read more]

Check out “Sydney Discussion Group” in “search” and there could be a “get-to-gether” Thursday evening at Parramatta if that is what you are talking about.
Cheers Len

pabbs73,
It would appear you have some 116k in equity and it appears you already realise the potential of that.
I do not see much point in paying down your property so you can increase your equity just to then go and borrow on it to buy property.
Why not buy a property for say 120k and use 24k of existing equity and a new loan for 96k w/- offset…[Read more]

Greetings All,
My reputation for organising is equivalent to organising a 1st Grade **** fight and that did not go well!!! (**** is FOOD. not what you may have been thinking)
(la Porchetta, Cnr Marsden St(think), old church near Police Station)
Anyway I will be at “la Porchetta” Italian Restaurant at Parramatta on Thursday 28th July at 6.30 pm…[Read more]

Hi aussiexj,

Not property related but have to ask???

Do you ride a motorbike,namely a Yamaha???

Cheers Len

Do you want to calculate how much interest will be due after 12 months and pay it up front or something different ??

Maybe the dog is your “out”. I would think that if the pet is not written into and “addendum” in the lease then it could be you exit. I am aware that it is difficult to xclude a pet but the fact that it inside after strict request not to be, then they are breaking the laese cotract and can be removed .If of course they have a lease. If not , then…[Read more]

Generally —I believe — two dwellings on the same block of land.Separate dwellings ie.Not two people living in the same house.