are you better off using the deposit you have saved, which is currently offsetting the IP loan, or the equity in the IP, as a deposit on your next IP?
all help welcome please.[blink]

hi,
just an update we decided against this property, this site helped us to see at few points we hadn’t considered. Thank-you[biggrin][biggrin][biggrin][biggrin][biggrin][biggrin][biggrin][biggrin][biggrin][biggrin][biggrin][biggrin][biggrin][biggrin][biggrin][biggrin][biggrin]

Hi Frank,
we have an investment property in QLD and we painted the ceiling in the bathroom with bathroom paint (it was the cheapest one) and now the tenants have complained as the ceiling paint is peeling, What paint should we use now? Do we need to do any prep before paint it again?
Thanks[blink]

Hi,

We are attracted to this property because of price

it is a 53sqm 1 bedroom unit in a art deco complex in a great location in Melbourne

[blink]the price is around low 200’s but it doesn’t have a carpark which is typical with these units in at area.

What do you think?

Hi William,
Thank-you for your reply, l will be in contact with you shortly l am trying to get together as many people as possible to hopefully meet at the end of the month….but l will contact you with more info soon.
Cheers [thumbsupanim]

Thank-you for that,
You know alot about investing have you heard of any problems with company share, or negative feedback from other forum members?
Thanks again[biggrin]

Hi,
Thank-you for you reply, this might sould a bit silly but what is LVR, l am still new to all of this, thanks for your help.[biggrin]

Thanks, that helps. If there is any other info we should include just let us know!

Thanks for the reply.
Could you please explain what you mean by:
“also consider and/or nominees if you need to obtain legal/accounting advice, or if you may wish to change the ownership status”
Are you simply refering to obtaining a solicotor for the purchase of the property or something else?
Any info is appreciated