Hi,
My mother had a furnished unit and it was a nightmare, not only do you have to tend with the everyday things that go wrong with a premises, you have to tend to the furniture breaking down as well. She would get phone calls saying ” the washing machine has broken down” then “the tv doesn’t seem to be working properly” etc etc. I suggest if…[Read more]

I have a positively geared property that I am selling, if you are serious contact me about the details.

[email protected]

CHEERS

lj

Dear Rooney,
………..Oh My God……I am mortified……any wonder that 15 men a week committ suicide directly related to CSA problems!!!! I dont know if I have got any constructive advise for you other than…..speak to someone higher up, surely this cant be right!!! The tax department dont tax you on the full margin, surely these people…[Read more]

Start,
I am propbably coming in way too late for this answer, as I would suspect that you have already settled, but the same thing happened to me, but as the seller. The airconditioner in the house that I was selling decided to play up 4 days before settlement. The purchaser was informed of this through the tenant, and the purchasers solicitor…[Read more]

Thanks guys,
I appreciate you help

Larelle

lj

Russmarg,
I am supprised that none of the brokers have answered you. There is a way for people with no income as such to get loans, but it requires a rather large deposit. I dont know a lot about this, but I know that it can be done. Most banks that lend 90% with a 10% deposit and so forth to about 80% with a 20% deposit. When you have the…[Read more]

Kiwi,
If you sell you current propery you may be up for more costs, ie realestate fees, solicitor fees etc. I am thinking the reason that your bank is hanging on to that 20% is because maybe you have no morgage insurance in place. This may be worth asking your bank about, do the figures and see if it is worth it.
CHEEERS
Larelle

lj

Thanks Jason,
I was asking for Capital Gains reasons, the tax laws are so complex that half the time the poor old account has trouble answering. What you said made sense, and I appreciate your time. Thanks mate.

lj

Emmagirl,
We bought 6 properties with no cash at all. The only one that we had to put a deposit on was the first one. You say you have about 80k in equity, you are laughing. WE borrowed about 110% on each house that we purchased, which covered solicitors, stampduty etc. When it comes to the deposit, you can get a deposit insurance that your…[Read more]