Hi Leo,

Tools says check with council. They will tell you if its ok and the max height.

You might be able to share the cost with the neighbouring property owner.

The new fence would be a capitol item and you could claim depreciation.

When you get quotes, get several as I have found that there could be a big varience on price and quatity of…[Read more]

Landt 64,

I know exactly how you feel.. The cost to change the washer is expensive, but in these days of water restrictions and conservation I think the tennant would have good grounds to have them fixed.

Use a hanyman as they are cheaper and try to have it done with other repairs.

PS make sure your repairer uses the best quality washers…[Read more]

Hi Rich,

Thanks for the opportunity.

What would you suggest for this one:

I have a 3 br townhouse in Maribyrnong Vic. It is 3 levels. Ground floor is a tandem garage and the upper levels are beds, lounge etc.

My creative tennant has made up a 4 th. bedroom using a piece of carpet on the concrete floor, and some furniture as partisions around…[Read more]

Hi Ronulas,

You’ve done very well considering your income and the private schooling for the kids.

You mentioned: your wife could work, have some bad debt, seen some good prop buys.

When we started out investing in property the wife and I worked, worked and worked some more. We had 7 days a week employment, no social life, no time to spend and…[Read more]

Hi,

Young + high income = buy more.

What about buying in the UK?

Good luck.

hrm

Hi All,

I have just one commercail(factory / showroom).

Had a business operating out of it and the owners decided to sell. At the time in 1999 the rent payment exceeded the interest cost so we bought. its value has gone up atleast 80 percent and rents are now well above the interest. This has been a top investment.

I would like to buy others…[Read more]

Hi Matt,

Sounds like the ones we dream about!

If I was half serious I would ask the tennant if they plan to re sign and I would have their lease checked out.

hrm

Hi Dazz,

Thanks for sharing your delima with us.

Kids I have two , son 21 and a daughter 18.

My son is all that I could expect: he follows my advice and he is my buddy.I am extremenly gratefull to have him.

Tha daughter on the other hand is a lot different. Up to the age of 11 I would always look forward to arriving home and she would…[Read more]

Hi Syedh,

I’ll try to answer some of your Qs.

Q where do I get more information from? try The Age Saturdays,

Q how does off the plan properties deals work? (is it I pay 5% and pay the rest when complete? or buy an option to buy in a project?[i]Normally you would sign a contract for sale and pay the deposit, generally 10% then wait for it to be…[Read more]

Agree with Gross,

You requested the valuation, you paid for it, it’s your confidential info….not the real estate agent.

I would follow Gross’ course of action but I would get the ball rolling by phone first than follow up in writing.

Please keep us informed of your progress, good luck.

hrm

Hi AX6,

It’s very difficult to advise with out knowing your financial situation and goals.

The wife wants the reno, then perhaps get a loan.

If you sell, your gains will obviously be erroded by CGT, fees and commissions.

You may need to provide details of the financials, etc. for better advice.

hrm

Dazz & Gross,

Thanks for the explainations. Appreciated.

Always learning.

Regards[snorkle]

hrm

Hi Milenko,

Congrats on your first IP.

Now you need to manage the property effectively to minimise costs and maximise income.

Costs:

Western has suggested off-set account with re-draw facilities. Put all your spare cash into this account and draw out as required. This will reduce interest $.

Have a depreciation schedule raised and claim…[Read more]

Hi Pen,

I too would be a scardecat if council is saying no to the old house being occupied.

Talk to a Town Planner at the local council for possible zoning changes, or

Possibly rent out as storage space (if permitted by council).

hrm

Gross,

I don’t understand your “con”

Could you please explain what this means:

cons
unless structure correctly home is possibly in line for creditor attack.

Thanks

Herb

hrm

Hi,

Congrats on a great IP, gone up 100%.

The first thing I guess would be to work out how much you got, or how much the banks will lend you. then go from there.

How much enthusiasm do you need when you have already gained 100% on the IP.Go for it!!!!

hrm

Furrymoggy,

What crap are you on about?

Sounds to me that you are the one on drugs!!!!!!

hrm

Depreciator,

Very effici[specool]ent, good value, highly recommended!

hrm

Anyone,

What does PBT mean please?

hrm

After accumulating some properties and one is close to retirement i.e. over 50, What strategies would be effective for retirement with IPs.

hrm