No info on your age, education or work experience to advise you on this course.

But any extra education should be beneficial in the longrun.

If you are concerned about low esteem associated with a Dip then perhaps you could do ,if you have the prerequisites, Graduate Diploma.

To check on the usefullness of this course you could contact some…[Read more]

Rumin,

Great situation to be in. The more tax u pay the better off u are.

Living overseas….your tax situation may be different to permanent residents….suggest you seek advice from another accountant.(perhaps a specialist in Xpats)

Any assets ie shares that you could sell for a loss?

Any payments you could make in advance?

Never bought…[Read more]

Loungeact,

You want to invest.

I would treat the house as my PPOR.

You would be miles in front over the long run if it is your PPOR…sure there would be no tax deductions but no CGT and $800 pm from Mum.Ps you may be able to get a better interest rate too.

Good luck

hrm

hi,

Have you considered that you would have to declare the boosted up income and pay the appropiate tax?

The reason for the Q is that you want to free up cash to service the other IPs, then you could extend your mortgage as the property has increased in value or sell now.Sure you would pay full CGT but a small profit now is certain profit( money…[Read more]

Hi,
I agree with most posts suggesting honesty with your tennants. I have 2 properties on the market at the moment. One tennant is a night worker (not sex)who finishes work at different times of the morning and he did not want people inspecting when he was asleep .He agreed to allow tw0 days per week for inspections at his nominated times. The…[Read more]

Hi,

From my experience furniture paks tend to be expensive to maintain.

I suggest u check out the web (for rent)or the Saturday Age to see what u may get for a furnished property versus unfurnished, or talk to a few agents.

Also, much easier for tennants to leave when they only have to pack a suitecase or two.

You may be able to increase rent…[Read more]

Hi Jaws,

you havn’t said where the house is located, I assume that it’s is not in metro areas. Perhaps you may be able to get a building inspection for $300 or so. This should identify any problems and approx costs.

Also you said that you are first timers if this means that you and your partner have not owned other property before, then you may…[Read more]

TMA,

Thanks again.interesting info.

regards

Herb

hrm

TMA,

Thanks.

Does this mean that you could purchase IPs and still claim the 6 year exemption for the PPOR.

regards

Herb

hrm

Hi Doogs81,

I too have spent many years(21) in the RAAF. I resigned in 93.

I remember one great perk, and no doubt they’ve changed, was that they would pick up the tab for all costs when buying and selling when posted to a new location. Also there was the Defence Forces Home loan which was an out dated $25K enouch for a good sized garage.but it…[Read more]

Lucky you,

You.ve nominated some excellent choices.

I would put it to my PPoR loan, or you could have a great holiday (non-tents)(non-kids), or I have a great tip for the horses tomorrow.here’s my BSB and Acc No.123 454 898982.

Regards[biggrin]

hrm

Sorry forgot to mention that the Investor Club guru says “Never Sell”. What are others thought on this.

hrm

Thanks guys for your imput……. appreciated.

Bob,

I had no problems with my initial purchase but they appeared not interested in pushing more my way. Also,I indicated interest in JVs.

Perhaps they assessed I was at my limit or did not have the borrowing capacity.

hrm

I am positive about Bris but this one appears too high price for me. Look at the websites for city appartments. You could get e two bedder in Aurora for less.

Goodluck.

hrm

Hi,

Sounds like a nice business you’ve got going.

In regards to GST, my understanding is that if your landlord is not registered for GST then they would not charge GST on the rent collected, therefore u pay less $ each month (no GST. What u save in cash flow u could be put aside for your BAS payment.

Hope this help.

hrm

Hi

Sounds interesting.

There may be restrictions on max no.of occupants, I guess it could be checked out at local council.

Tradie as u know are flat out,,,how about a handyperson to do walls etc.

As students at uni only attend for maybe 6 months a year how do u expect to fill the rooms during semister breaks or would students commit thenselves…[Read more]

I’m surprised that the rubbish has not been removed yet.

Could someone please.

hrm

I had for several years bought units only in Qld whilst living in Melbourne.At the time I could not afford to buy locally and I’ve assessed (gut feel)that Qld is where I could profit. Also because of work commitments I could not devote much time to manageing the properties.I have bought thru the Investors Club which turned out to be a reasonable…[Read more]

Good summary Benny.

Give Astorb in Brisie a call you’ll be surprised what they can advise you on.

Good luck.

Herb[biggrin]

hrm

TMA,

Thanks for pointing out the major flaw in my finance suggestion……..allways learning. However I’m sure there would significant monthly cash reductions with the other suggestions.

Would you agree?

Regards

Herb

hrm