Forum Replies Created
Agent fees, stamp duty getting in to new property, etc will definitely eat in your current equity / profit.
Depends on you income and other assets bank will loan you money against as to wether you can keep first property to rent and buy another. Maybe work towards this and rent a little while.
I would look at the property market in the town I was moving to and see what opportunities are available there as part of my decision process.Cheers
Have_FunAgree, Put in my PPOR home loan (if you have one) or offset account as long as you aren’t the type to be tempted to spend on consumer stuff. If no home loan, keep money accessible ready to go towards next investment property you find that is worth investing in. This could be high interest bearing bank account or share market depending on your risk profile and knowledge of share market.
Cheers
Have_FunPurchased this software myself. I could not find any interest calculation errors in my loans I ran through the software.
I have had more problems with bank charging me loan app fees and account keeping fees I shouldn’t be charged under my loans structure. I let them know and they fix this, but you have to keep on top of them.
Cheers
Have_FunWhy do you need a plan?
I have bought several late 60’s ex DHA houses with out plans supplied and the council didn’t have detailed plans either, only sewerage and drainage on block.
When I needed a plan to renovate my owner occupy house. I was able to acquire a site plan from a kind gentlemen from DHA of the same plan DHA house as mine from a different street address with very similar renovations to the ones I completed. Saved a lot of drafting / engineering costs.
Cheers
Have_FunA friend of mine has concreting business an tells me acid wash is the way to go.
I have never tried acid washing concrete myself. I have tried many other degreasers and other cleaners with varying levels of success. None have been completely successful.PS Acid wash for plain concrete only (as per your post). NOT stencil or stamp crete.
Hope this helps a little.
Cheers
Have_Fun1st Post, here goes.
I did a comparison a few years ago and more recently and found CGU appeared best. Since then I have made a claim. Had some tenants punched holes in walls, then I found out that a significant excess applies to each hole (not per entire 1 claim), or at least each damaged room or area. Am now trying to prove due to having to wait for tradesman to complete repairs I could not tenant the IP for X weeks before I claim loss of rent. Suffice to say I have not been happy with CGU when it came to making a claim.In any case, my thoughts are now tracking to canceling with CGU evaluating some other Landlord insurance products or self-insuring. ( I.e.) for what I have paid in landlords insurance premiums over the years I could have covered this cost many times over. The only issue is if you have a big claim (hypothetical) i.e. 6months lost rent & $$$. Could I cover it with out insurance(Risk)? Versus the chances of that happening with a Professional IP Manager keeping eye on property (mitigation)?
Just some of my experience and thoughts.
Cheers
Have_Fun
