So does this mean they are also required to do the gutters?

Im not to sure myself, however a QS is only 500-600 dollars and is of course a tax deduction itself…

Definately engage the services of a lawyer.

Keep all three and stay where you are lol….. Sounds like a decent portfolio.

Some banks can also be a bit reckless.  I had my broker get my credit report and I had a credit check done by NAB twice in two days for the one loan!!!!

I would seriously be going to see a solicitor that specialises in property law.  Is the house already built??

I think there is good and bad in every organisation and in every line of work.  There will be good and bad brokers from a big company and the same for independant brokers.  I have used Aussie, Mortgage Choice and an Independant Broker who has their own bussiness that is not a franchise.Aussie and the Independant Broker were rubbish.  The mortg…[Read more]

I own a property in East Ipswich. I bought at the end of 2007 which wasn't the smartest move.  Family members also have a couple in the suburb.  It is quite a strange area.  There are Queenslanders price around the 500K plus range and also areas of housing comission.  Rental yields are still a bit low compared to Toowoomba.A new bridge is due in…[Read more]

Give Edward at GJ Gardner Toowoomba a call.  They can do a complete package and are also to assist with DA and have land surveyor contacts etc.

If the rent is from students you can still do up agreements as proof to show the bank.  You can also deposit the rent yourself (once the give it to you) and give them a receipt.  Declaring it would also help.

Michael Yardneys book is a good read.

I recently had a property with NAB and wasn't happy with the valuation.  Took it to ANZ and it was valued at 40K higher and about right for the house in the area.

If you already have an investment property I assume VF is still an option as a way of on-selling it?

Hi Jess,                   I have managed my properties over the years.  I think you will find in this situation for every good story there is a bad story.  I myself am ahead financially for managing them myself.  One option may be to manage it yourself in this time and if and when your current tennants vacate then hand it to an agency to find new…[Read more]

Hi Nathan, I watched the clip.  Who were the other 12 for?  Are you a buyers agent?

I think Excel is the way to go.  I have tried a couple of programs and they aren't that flexible with some of the data you may input.  Sit down and do one up and then add to it as you go.  You can include everything in it such as rent, mortgage, repayments, lvr and notes on maintenance you may have done etc even include a pretty pic of the ho…[Read more]

Is it an option to refinace as soon as you get the occupancy cert then do the remainding work yourself?

I think moving in to your parents is a great idea.  Shop around and get a good rate for a interest only loan and pump all your cash into your offset account.  Come tax time once you get back the percentage of your costs save that and use that when you are short.  You can then also look setting up a tax variation to help with cashflow.  You cou…[Read more]

Thanks.  So you just ask your bank or broker to organise this?  If it isnt a fixed rate do they make it a fixed rate for that period only?  Or are they just grateful to have the money 6 months early (which they should be grateful for)  and its calculated at the customers regular rate.

I take that back I can see why an adjustment would need to be made.What my friend wants to achieve is to basically pay 6 months worth of repayments (then not have to worry about it monthly) for when it becomes PPOR for the 6 month period.  It will be then rent out again the next day after the 6 month period.