Hey MarioMy basic rule of thumb, if i make make more in a day or week than the tradie i'm planning to employ then i'll pay a good pro to do it and stick to my regular income production.When i've got the time and enough knowledge of the task to do it myself i do it as i know i will do as good a job,and even better on some occassions, than the trad…[Read more]

Thanks for the feedback guys, think I'll be going with the tiles on this one now.   Cheers..iball

Thanks allycat…there are so many contractors servicing Perth that Ive got a swag to follow up on..Cheers,iball

Hey MLKMake some allowance for headworks and underground power to both units.Double check that the width of the access way to the rear unit meets council requirements from the git go very first thing.Be generous with parking space in the front unit as the minimum dimension for reversing can be a pain in a large vehicle(larger than a Fiesta!!)Walk…[Read more]

RHPThanks I'll give them a call..Cheers

Offset accounts have enough to pay out loan or pay for construction,will still have the original loan if I use my own money,but will be CF+  if I go this route.Selling can free up the $ to do it again somewhere else maybe on larger scale with less debt.Westpac loan, no exit penalties, had the same deal going for my last 6 buys…Cheers iball

Hi WGI'd do it so I know Im competitive with whats on offer in the local market..and I'd tell the valuer how much I spent doing it so that it was just right and to standard with the rest of the reno…Cheers..iball

Thanks DW and EvolveWill arrange to talk to my accountant this week and see if she feels confidant enough to advise on the best strategy,or refer me on to some one else with the knowledge. Not all neighbourhood accountants want to specialise in property, unlike some of us with the bug who are trying to make a little luck for ourselves. Still…[Read more]

MikeThanks for the free report on the Perth property I'm looking at, and also the extra information.Don

Thanks GOM…I'm starting to wonder if a small investor such as myself actually needs to have a trust,aside from asset protection what are the other benefits after having spent the $ to set one up.I'm guessing that accounting fees for all matters involving trusts are also inflated.Reason I was enquiring is that I have 6 properties 75% owned and…[Read more]

Qlds007 wrote:
I am with you DIY.

Thanks folksI will be able to make a more informed desicion with your feedback.Cheersiball