Found these couple of…[Read more]

Just to add my 2cents, you may also want to separately meter the water however this is a major job (if you don’t you won’t be able to charge water usage, even if you have water efficient measures in place).

You probably could claim depreciation but may have to provide a business case etc if questioned.

I’d be checking that with your accountant – as far as I knew, if you missed your dates by 1 day, you blew your exemption from CGT – so if you are out of the house for more than six years, CGT would apply from the date you vacated not from 6 years to the time you moved back in (as you have interpreted). A $100 query to your accountant will save you $1000’s.

Very dependent upon the design, height of kerb & width of gutter, site prep, excavation, machine formed or made up with formwork etc.

for the price it is one of the better programmes around.

in this instance, he means the agent (a Qld term).

The issues that you’d strike would be whether it was permissible under the LEP dictating the minimum land size required for subdivision, open space requirements, parking etc. Then zoning requirements. Lastly, BCA compliance – fire separation, noise separation, egress, fire safety matters etc.

Sounds good in theory but when it comes to fire…[Read more]

Better rail/bus options at Blacktown but obviously more pricey.

Windows are not doors. If the windows have bars, fine. All rentals are required to have hardwired smoke detectors – ensure these are maintained/tested/certified annually by a reputable company.

Restrict smoking to external areas only (saves painting/cleaning etc).

Ensure doors have suitable hardware.

Not much else you can do.

A/W isn’t going to disappear overnight, it will always be the major inland city on the border. There is some industry, major transport links, university, private schools, army base, airport, regional hospital Etc…….

New bypassed on the Hume will only push travellers to take a break further on ie at Albury instead of Holbrook/Tarcutta.

I…[Read more]

what’s probation or o permanent job nowadays. I contract but have never had an issue on full doc no lmi.

Sorry to put a dampener on you but you don’t mention your risk profile. You are looking at going from zero debt to around $800k in no time, no mention of kids which will reduce your g/f income.

Although many would say go for it, I’d be looking at one thing at a time. PPOR, you would probably want least risk here, so a 20% + deposit is warranted,…[Read more]

Dodo , just to add a little, what if the govt removed negative gearing offsets in the future (been done before). Like the others, I’d be expanding the portfolio & taking the equity out of the first property as the deposit. Maybe the idea that he can have higher borrowings with 2 IP’s might excite him?

Did your brother have a will? How long ago did he pass away? Has his estate been settled?

Did they live in the house?

Is your brother’s widow an australian citizen?

Did they separate or divorce? Why did your ex-sister in law return overseas?

Are there any kids from the marriage?

It depends. Conflicts of interest is your main issue to avoid.

As above posters highlight: what drew you to the property? Is it an area which will attract this type of tenant? Has the agent confirm the rent history/employment/references/tenant databases? Is the contract for vacant possession/tenanted?

If the vendor is paying agent fees it is cashflow from day 1.

It is not uncommon for the purchaser to be…[Read more]

I’d also throw in ‘Amanda on Your Side’. She is ex-McGraths.

Seemed pretty much on the ball when I met her at a BNI meeting.

You are in a perilous predicament, pd.

Bond wasn’t lodged with OFT which is a breach of the lease. Did you have a lease in place? Did you do a condition report on entry? Did the tenant sign it & return a copy to you? Did you do an exit inspection on the same condition report?

In NSW a tenant can have up to 6 months to object.

Your course of…[Read more]

I have taken advantage of staging furniture left over before settling but it can be a costly exercise. Go to fantastic furniture & grab one of their cheap packages, cheaper than hiring.