TCL, if your on about 65% LVR with 5 properties you should be able to have a car or 2 and go on holidays every year unless your properties are at the lower end of the scale.I am semi retired and I am only 29 am at about 62% LVR sounds similer to you also have no kids but am married, But I do have several cars and always take holidays normaly at…[Read more]

also how many bathrooms are currently in the house? if there is only 1 then you may need a second.but if there is already 2 theres know way I would consider loosing a bedroom.those sizes are small but you still get a double in them

Hi Simmo, If I was you I would sit around 65 to 80% depending on a few things and your situation.you could probably go and borrow another 500k with that equity you have in the apartment, but you would be sitting at about 80%

Did anyone not buy anything? as they thought we were gonna be in bigger trouble than what we were with the economy

thats where my wife left it

If the goverment did not do the fhbg then I think property would have gone backwards very quick in the middle of this year, It will be interesting to see what happens after christmas, we seen the top end market take a good hit and i am thinking we may still see the cheap stuff under 500k drop in value over the next year or two and then be flat…[Read more]

Hi scott, no not yet but i will do a google search on them.Thanks

Hi Terry,what do you mean by no 50% cgt with a companydoes a company pay 0% or 100%???

Terryw wrote:
You will need some good advice as some things to consider – what happens if one of you gets divorce – what happens if 1 goes bankrupt- 1 wants out? (This will happen!). Does the house have to be sold or 1 partner buy out the other? – who is di…[Read more]

It depends when the auction is.if the auction is before you get approved finance and go unconditional then the agent is rightas the vendor would have payed for the auction they will want it to go to auction unless your deal was to go unconditional before auction.but watch out agents do try this on, even if theres no auctionI would go subject to…[Read more]

Thanks for that,theres about 200sqm of concrete floor area needing to be tiled so should be reasonably easy to do but would like to get an idea on how many sqm a tiler could lay per hour.Also theres about 40sqm of walls required to be tiled,would want it all fully bedded.thanks

How old before you cannot claim depriciation on resi or commercial. 20years?and when you do a major fit out iam assuming its all rittin off threw the books at tax time even if the building is old???

thanks, only want a quality job, but dont want to spend heaps on this property as it may get bulldozed in 2 or 3 years.Ive just heard of ceramic refinishing, anyone no about this???

do u no if the founder of this also has bussinesses in nz if so hes gone broke once or twice

Dave is spot on accept for Your deposit is irrelevant when considering your cash flow position with this property.Income v's expenses is what you are comparing.your deposit is also worth something, me personaly a chase 10% of the deposit i put downso if the deposit is $20,000 i would want $2,000 p/a return on that, duno u may do it different and…[Read more]

jazamite what do you mean by hold properties in individual names?Iam not to keen on spreading my portfolio around australia ile stick with qld and a little in nswby using these 2 states do i pay less land tax than if i had everything in qld?If avoiding Land Tax is your criteria for investing i think you are selling yourself short.iam trying to…[Read more]

I would write a letter and post it to the head person, doing threw internet site iam thinking would not get the same response. I would do what duckster said and i would put in there that you are seeking legal action as you have signed these contracts and are now going to be charged large amounts of moneys and penalty's due to cba not going threw w…[Read more]

i have heard that if you rent a house and the tennant burns the house down the tennant is liable, it is stupid as no tennant takes out insurance to cover this

Lisa J could you give abit more info on how this worksIf you have time on your hands then Terry's suggestion is a good one – move in for 6 months when you buy it then you have 6 years where you can rent it out and still claim your PPOR cap gains exemption.say ive got a ppor which i pay $100k and i live there for 6 months and move out then sell it…[Read more]

ile sell u a negatively geared prpoerty if you want, and i can go as negative as you would like

if you sent it by email you may be able to pull out as you have the original, when borrowing money from the bank they dont want an emailed copy they want the original or no deal.but before you pull out think carefully as you have 10% deposit which is a good deposit, is the other person willing to put down 10% and what are there conditions as you…[Read more]