My sister in law was walking on her outside deck when the timber snapped and her leg went through the deck trapping her.Luckly she has friends who drop in regularly and investigated why she did not answer the door and found her round the back in the deck.What about on the block when the ceiling collapsed on the wife. !Uncle knackers has a video on…[Read more]

Terry has a good point about setting up an LOC or using any equity gain.What you need to think about is tactics. Are you a buy and hold investor for a longer term time period. You could split the loan up which goes something like below30% of loan fixed for one year at whatever interest rate.30% of loan fixed for two years at whatever interest…[Read more]

What  you need to search on is the term trust surchargeAs you have not mentioned what state you have the land in you should start at the relevant state revenue office for your state.Also there seems to be a need to inform the SRO of your trust holding the land In Victoria0.375 % is charged from $25,000 to 3 million on top of the normal land tax…[Read more]

Does your land lords insurance cover a non fixed lease week by week situation

you could offset capital gain against other capital loss or previous financial year carried forward capital losses

Have cheap ones that hire a hubby comes in once a year to replace batteries.In Victoria you would ask consumer affairs on how to apply to get this taken off the bond.

Look at what a line of credit can do. Do a search on this forum on LOC or line of credit for numerous postings on the subject and then go and ask your lender if they have such a facility and what costs are involved..

A lot of investors state that improvement factor is the motive. Also the gearing is higher in property than say borrowing against shares for the next deposit. Say you buy shares in the stock market can you improve the value of the shares through a renovation or a sub divide ?What I hope to achieve in the long term is financial independence.…[Read more]

Have you got enough deposit and can you cover stamp duty as this will affect your financial decision.

If you have the planning permits approved you could sell the subdivided lots to a developer.If you want to JV you need to network with people. People do not do Joint ventures usually from advertisements they want to know the person they are teaming with. Unfortunately you have not provided information on the State and suburb so I can't advise you…[Read more]

http://www.ato.gov.au/individuals/content.asp?doc=/content/00131327.htmfrom atoInitial repairs to rectify damage, defects or deterioration that existed at the time of purchasing a property are capital expenditure This means if you repair an item that was in a poor state when you purchased the property to beyond the state it was purchased at it is…[Read more]

No Not with residential investment property in Australia.

Investigate with your bank on having an offset account linked to the PPOR loan?You can reduce the interest on the PPOR and when you need a deposit for IP2  you can take it out of the offset account.You can link it to IP1 but then you reduce the interest costs but this causes less tax reduction if negative gearing.You can take the offset balance…[Read more]

Look at paying weekly if you are not doing this.Get an full offset account attached to the loan and get your salary put into the account.do a search on the term offset in search function of forum for more info on how this can reduce the term of your loan.As you get pay increases or over time payments put this into loan repayments..

Where you will have a problem is with LVR normally a borrower can get a higher loan to value ratio but in your case you will have no choice but to go to either private finance or non bank lenders.This will require you to have a lower LVR which means more savings are needed for the deposit.http://www.e-mortgages.com.au/bad-credit/default.aspxThe…[Read more]

god_of_money wrote:
Just becareful of congestion TAX if invested in car parks around sydney area/north sydneyIt may make your investment become worthless

Melbourne has this tax also !

https://www.propertyinvesting.com/forums/property-investing/creative-investing/4334653?highlight=vendorhttps://www.propertyinvesting.com/forums/community/heads-up/4333793?highlight=vendor

They also said the price of tulips would not fall also !http://en.wikipedia.org/wiki/Tulip_maniaHistory never repeats, I tell myself before I go to sleep

You can't claim repayments you can add interest charged and 5 years worth of borrowing costs to expenses.http://www.ato.gov.au/individuals/content.asp?doc=/content/00113233.htmhttp://www.ato.gov.au/individuals/content.asp?doc=/content/00113245.htmYou can also add council rates, water rates, insurance – agents fee as expensescan add 2.5% of…[Read more]

1.         paint the eves in the sun-room with mold-proof paint             (ask why this is required as you may need to consider if adequate ventilation do not take mold problems lightly – mold              can make tenants very sick )2.         clean the gutters of debris            (this is to your benefit as leaking gutters can damage the ho…[Read more]