Yep thanks!

I am in a similar situation here in melbourne. I can buy from a motivated seller / investor who needs to sell her place. She wanted 350 – I will offer 300, it is in need of a BIG clean up, new kitchen and bathroom, carpets, paint, etc My idea is to offer her less for it, maybe even 290.. with a larger deposit of maybe 20 -25% with a longer s…[Read more]

Thanks All!!! What does it mean when oneiricer says "……when you sell the house, the value of the house is the depreciated value, meaning you're gonna cop it big time with capital gains when you do sell the house".Confused.

oneiricer wrote:
its more like neither. putting enough of your cash into deposit isnt such a great idea as it means your cash on cash return will be significantly lower than puting in the bank. This just means that you're probably better off putting your money in the bank, earning monthly interest in it (risk free) than putting it on a…[Read more]

I think Todd has hit the nail on the head, and it typifies our situation. We are unsure what we want ! Doing this has forced me to actually view it more dispassionately.

I suppose we really want to have a little non deductable debt as possible, which is why selling the home is good. It also relieves the burden of cashflow out while school fees…[Read more]

perhaps I am missing something, but if the tenant contacted your property manager, it is they who should have arranged for a plumber to fix it. And in doing so, if there was reason for a second call out, they would have known and got the plumber who attended to go back out and sort the blockage, saving you the headache, and the extra cost.

So,…[Read more]