Does anyone know much about complying with this? (Quoted from BCC website – http://www.brisbane.qld.gov.au/planning-building/do-i-need-approval/business-projects/rooming-accommodation)

“If you are providing or offering rooming accommodation to individuals who are not students, you may need to be registered and accredited as a service provider…[Read more]

Thanks everyone for the information that has been really helpful

Hi Jamie – thanks for this info, appreciated. Are there many of these vendors you refer to? And are they less favourable, i.e. not as good deals as other lenders. Would you consider this a deal breaker? I am thinking the effect on my borrowing capacity would be pretty dramatic and would put me out of the game for further borrowing.

Intrigue wrote:
…thus the agent has advised all offers to be by way of contract.

I have had agents say this to me when i was going through the purchasing process (not for deceased estates). Are you sure this is an actual requirement when making the offer? It could just as equally be the agent trying to suss out to see if you are a 'serious'…[Read more]

GameTime wrote:
For those of you that have read any of his books, what do you think?

I have read the books and I think there are alot of very valuable lessons to be learnt from them and would recomend them to anyone. They are a great starting point to change your frame of mind on money and life goals, etc.However, a few things to keep in mind…[Read more]

Is the electricity in your name?….cut the power (maybe a last resort)

I found this website to be useful http://www.onthehouse.com.au/ – once signed up you can do a property sales report and it will tell you the price the property has sold for in the past. Very similar to what you get from RPData IMO except its free.

Are you looking to make an offer? Or have you agreed price and are now putting it into the contract?I recently purchased and for each property I put an offer on I went down the path sending the agent an attached letter with my price and conditions. Although this was good to communicate from the get-go what my conditions were… at the end of the…[Read more]

I cant give you any overall figures because i havn't done it, but some good websites i have come across which may assist you to form a budget are:http://www.renovi.com.au/ – online applianceshttp://www.assembly.com.au/Default.aspx?ID=1 – IKEA installershttp://www.diykitchen.com.au/Kitchen%20Floor%20Units.htm – DIY Kitchens wiht price qu…[Read more]

Thanks for all the advice.If it is 60 days notice required, then realistically i probably wouldn't need to show tennants through during the settlement period. It seems like it would if any thing 'fine tune' the timing.Appreciated.

DWolfe wrote:
Hi all,The vendor may not accept terms like the ones above, just because they will want as close to unconditional contract as possible.You will need to give the tenant 60 days notice of rent increase after you take possession of the property (have done it before). You may want to get them to resign a 6 month lease and get half the…[Read more]

Qlds007 wrote:
Hate to say i disagree.You can certainly put a condition /s in the purchase contract that the Seller serve the appropriate period of  notice on the tenant to allow you access to the property for whatever reason. As long as the required period of notice has been given there is nothing the Tenant can say or do.Also you could in…[Read more]

The scenario i am thinking of is the cost of not having a tennant in place when i settle. If i am going for 60 days settlement…and the tennant is on a month to month lease…then there is a possiblity that that come settlement there is no tennant in place and it is empty.In that scenario, i'd like to have the option to show some tennants through…[Read more]

jlb2431 wrote:
Hi,I'am thinking of buying a CAD (computer aided programme) to help me with my portfolio. I have only just started investing and would like something that I can play with to prepare for changing scenarios.If anyone knows or likes any in-particular could you leave the details.Thank youJ

To confirm, are you referring to a computer…[Read more]

Hi,Interesting concept about hotspace consultants….has anyone else on the forum used them?

Galen.Parker wrote:
I'm not sure how a potential ATO ruling making this only available to commercial purchases addresses the original goal which was to address a shortage of affordable rental properties. Do you have a link that I could check out?

Sorry no links but it was mentioned my Margaret Lomas who from what i can tell is quite well…[Read more]

duckster wrote:
www,igrin.com.auThis site lends in smaller amounts of $2000 – $5000 loans of higher value can be tried but chance of getting the funding low.http://lendinghub.com.au/This site does have larger loans processed through it These sites are a new concept called person to person lending and may be a way for you to gain a loan for the…[Read more]

I was watching the Sky Business Chanel last weekend, the TV program "Your Money Your Call".A comment was made that the NRAS was originalyl intended for commerical purchases…but now it has started being marketed to individual investors through intermediaries….apparently there is a looming ATO decision surrounding whether the tax advantages will…[Read more]

Thanks for all the feedback. Unfortunately i was in last stages of negoitating with the seller and then another buyer came along and outbid me and they signed a contract. So i am back to square one!I'll keep the info on file tho!

I would treat each property on there own merits, are both properties similar in terms of the future capital growth potential? Does one have even further rent potential with a few developments and/or does one need more spent on it in terms of up-keep? Also, for property #2 is that projected rent return based on a renal appraisel and taking into…[Read more]