I have always had to apply 2 coats but that was on an unpainted ceiling. And yes it does dry white.Cheers

I am fairly sure you can Terry I was going to do it with one of my properties. Let me check as the wife is a stamp duty assessor and I will let you know tomorrow for sure, otherwise PM me and I can give you her work email addressCheers

Sounds like Roxby Downs.

I have been working overseas in the offshore industry for about 5 yrs now, doing 60 days on(usually ends up about 90)and 30 off (hopefully), work min 84 hrs per week usually around 100, been home 1 christmas in 4 and have a little 2 year old whom I am missing growing up. This by far is the biggest sacrifice I have ever made in my life but as the…[Read more]

I bought a serviced apartment within walking distance to the cbd about 18 months ago. It was an existing building to be converted to apartments then managed by an operator with 6.5% return. Anyway the short story is it was bought for $245,000 on which I put dowm $30,500 borrowed from bank, now valued at about $280,000. I still am waiting for them…[Read more]

Hi Hailey welcome to the property investing world I also live in Hobart and have been investing for a few years now and have been getting good returns and slowly building up a bit of a portfolio. My best suggestion is read read read and then act on the information obtained that you believe will suit your needs. Books from Steve Mc Knight, Margaret…[Read more]

Just talked with a friend of mine who has been living in Dubai for 4 years he said he just talked with a very high profile investment adviser in Dubai who said I will give you one piece of free advice. Do Not Buy in Dubai. He explained that there are hundreds of overpriced and empty apartments on the market at present and he feels there is a big…[Read more]

I would also be interested if anything goes ahead.

Dave 0417052977

Looking at things a bit closer
“If you are a company, trust or individual carrying on a business, then you will be able to claim the interest as a tax deduction because tax is a necessary part of conducting business and is viewed as a business expense.”

Brilliant Star said he saved his tax which implied to me he was running a business of some…[Read more]

Looks like my accountant may have given me the wrong advise although my tax return was very complicated last year and had to go to tax attorney for advice. You should see what those blokes charge an hour. Sorry if I misled and I shall investigate further
Dave

Hi Brilliant star
Just an idea on your first question.
As its going to be your PPOR ( assuming a non tax deductable loan) you could use your tax savings and pay a large deposit on the property or all of it if you have enough, then come tax time borrow the money back to pay the tax bill therefore making it a tax deductable debt.
I have done this in…[Read more]

Hi Kate
I think I have a perfect tennent in one of my IPs he works for the council and loves gardening and landscaping, he has absolutly transformed the front & back yard puting watering systems in, new grass, plants etc and high pressure cleans all the concrete as well.
He found some paint in the shed left by the previous owner and asked if he…[Read more]

Hi Chris
I’m mainly after some accounting type software that shows general income /expense, tax summary, depreciation, gross/net returns and a current valuation section where you can input current valuation and it will give a overall figure as to how your property has performed over the years. I guess anything else would be a bonus for me. As I…[Read more]

Micheal Yardney has an interesting free e book download on his site titled “How to become a power negotiator” this could be of interest to you.

Dave

I suggest you would be looking at approx $60.00 minimum per sq metre to buy depending on what timber you use and it usually works out about the same to have it layed.
I would guess you probably have a partical board floor at present, have a word with a builder about whether this would need to be removed prior to installation.

Dave

It could also depend on your skills. If running and coordinating a project is your thing there are some good savings to be had when building especially if your really into getting your hands dirty.
I would estimate I saved 50-60k on building my place but I dug the trenches, shoveled the gravel,helped the plumber, stood the roof trusses and…[Read more]

Thanks all
I shall make the appointment with the accountant in a couple of weeks and let you know what he says.
I also would imagine one could do this when buying off plan units when construction finish dates were 2 yrs or so away. Just draw down the PPOR outstanding amount or a portion of it and it is Tax Deductable.

Dave

Congratulations Peter
May you have many years of happy property investing ahead[biggrin]

Dave

I am currently in India at the moment and doing a bit of research into the property market in Goa. I hope to get there in about two weeks for a first hand look and from all accounts property there is still very cheap ie 30 -40k for a 1 bedroom app. The returns on this is in the range of 5-10% but the capital growth is quite large I have no…[Read more]

I have a mate who is always saying he doesnt have enough money and was thinking of selling his house and moving to a smaller one. Fair enough I thought consolidate and start fresh.
Instead he went and borrowed more money against his equity bought a caravan and a BMW (second hand)!!!! I just shook my head and thought there is no helping people…[Read more]