vyaw2003 wrote:

4 years, apparently they cleaned everything out each time they came for an inspection.we only found out via a google search on the address.

Hmmm I find that really really hard to believe you would empty all out each time. Does your agent take photos each year?

I’d keep on pursuing the civil suit.

how long were the tenants there eg would the property managers have even done an inspection yet?

Why is it that you aren’t going after the tenants to sue them for damages?

• This reply was modified 9 years, 2 months ago by  DeanCollins.

It’s a great result but a large percentage of that is currency related. Unless you liquidate and get out of the fund when the $A is at its lowest (eg well before the fund is scheduled to close in another 6 years).

By my calculations the at the time was of fund setup in June 2012 the $A was around $1.03 now its around $0.70 so just over 30% of the return is currency swing, that if picked in 2012……was genius on its own.

The fund itself is currently $1.575 or 57% return so even on its own its delivered a 27% or there abouts return just on the investments in a little over 3 years.

It’s a great return, the question I posted is will China still be in a funk 6 years from now eg will the $A still suck in 2022

• This reply was modified 9 years, 2 months ago by  DeanCollins.

credit card the closing costs? especially if you will possibly have most of the costs by settlement time eg 6 weeks

The only question I have though is if you have this many issues coming up with closing costs + 20% deposit……maybe you aren’t quite ready to buy your own place?

Link to roll-overs for people who want to read up, was interesting to see a crown lease and mining rights exchange…..would have been covered.
– https://www.ato.gov.au/General/capital-gains-tax/cgt-exemptions,-rollovers-and-concessions/rollovers/

Why was it that Budget Direct denied your claim?

Was it they denied or there were “un recognized limits” that you didn’t understand when you took out the policy.

As per this post
https://www.propertyinvesting.com/topic/5006038-chu-landlords-insurance/

We have CHU insurance that we got via their broker Honan for $340each property. Was surprised how cheap the coverage was compared to what we had been paying elsewhere but have never had to make a claim yet so….a little concerned but we’ll see what happens when it happens 

Rip and put in new sheetrock (at the same time taking advantage to put in insulation for sound and heat purposes).

Cheapest and best solution.

Having lived in the USA for a while now I don’t think Australians understand how screwed up the American financial system is and ‘should’ the world ever turn against the greenback and demand the risk premium for buying US Treasury bonds that they should be asking for…..that the USA would have massive issues in meeting its commitments.

My real concern is this is an identifiable and calculable risk eg…..could well happen within our lifetimes.

If it does happen……my concern is how the USA will handle it. I don’t see them going quietly into the night the way the UK, Spanish and Dutch empires did. I’ve said it before and I’ll say it again the way that USA handles the fall of its empire is the biggest risk to global peace the world currently faces (would make the middle east look like a family squabble).

The path Australia plots its future on has ramifications for us all, currently however Australians aren’t having this discussion eg. When did we have the public referendum about allowing 20,000 marines to be stationed in Darwin? Heck I bet that 9 out of 10 people in Australia don’t even understand that Australia has been invaded and what the ramifications of this means.

May be a little bit heavy a discussion for a property investing website but its food for thought.

Does anyone think the $A is still going to be lower than $US in 2022…….seems for someone to be buying in today will be taking upside risk of the $A rising between 2016-2022.

Interesting no more purchases in Tx….you would think given headroom of 7 years that Oil will be up between now and there and give you a good capital return.

$2.5k for the cabinets only or $2.5k for everything inc backsplash/appliances/installation etc?