I only heard it on the radio (?reliability) but new home buyers get about $23000 in grants.

I have been involved in a similar thing, not banned but when I chose NOT to use the sales agent as the property manager they refused to deal with my buyers agent anymore. My buyers agents does massive deals and he did nothing wrong, and honestly neither did I as I never met them and only spoke to the sales agent once. They were desperate to keep…[Read more]

I find it interesting that that they seem to quote differently depending on where the property is located. Adelaide's depreciation schedules seem to be cheaper than those in Sydney and Brisbane. Has anyone experienced this? I expect it has something to do with overheads and pay rates.

I doubt very much that I'll even have $3000 worth of tax savings per year for one of the properties. Do you really think that professional quantity surveyors that work for large national companies (and basically follow a publicised document) would have that much variation in their reports? I highly doubt it but I'm tempted to get both for interest…[Read more]

After discussing it with my accountant today (who specialised in property investments) I have decided to go with Washington Brown instead of BMT. He suggests to clients to use these companies ( although I hadn't discussed this previoulsy) and doesn't have a preference. He suggested i go with the cheaper one because at the end of the day he reckons…[Read more]

Thanks, both visit the property and both are very well known large national firms. I assume both of these schedules are tax deductible, is there any reason why they wouldn't be? I told one company that I wasn't happy with their quote, their first quote (end of June 2012) was $600 for one property but I didn't do anything about it so they quoted me…[Read more]

Thanks, this is exactly what I'll do.

Jarrad Dunn from Perks accounting (google it) specialises in property investment accounting. He isn't cheap but should be worth the money.

@WomeninPropMelb – I misread the strata meeting minutes and thought that there was 2 lots of repairs needed some for $60,000 and some for $171,000 but it seems they were quotes for the same job. The strata chose the cheaper quote and the once-off levy has already been paid. Now the admin fund need to get into the black which is only a few hundred…[Read more]

I think its ok the $171,000 repairs have been rejected but approved with a lesser quote and a levy was paid on 1/7/2012 for this. I have reread the strata report myself, made better sense of it and done some more figures. In actual fact it seems quite good so the only levy I should to pay in the future should be to get the admin fund out of the re…[Read more]

Thanks QLD,My solicitor has gone through it but how can he possibly pass judgement on the financials? I have the minutes for the agms for the past 3 years and the minutes for 2 extraordinary meetings held since late last year plus all associated paperwork (eg. fire safety reports, quotes, strata fee predictions etc). There is a quote for…[Read more]

Hopefully wentworthville is close enough to toongabbie (4km!). Its already let to a tenant that wants to stay on so renting isn't an issue at this just informative and accurate inspection reports etc. Thanks

Thanks everyone. Shahin: I was actually dealing with Marilyn at Best and she seems very helpful, bright and bubbly. She replied to my emails very promptly. I think I will go with her as Response aren't budging on the their price.

Amit Thaker wrote:
Hi Lila, never heard of Nathan Birch's. I checked out his website as he suggest in the video and its seems alright. Have you done one of his Education program?

No I have never done one of Nathan's seminars he just acts as a buyers agent for me when I buy in NSW or Queensland. He is very knowledgeable, helpful and gives…[Read more]

Thanks for these suggestions and the list of what to check for.Is there anyone who actually use the insurance and have made claims that could tell me about their experiences.

You just missed Nathan Birch's seminar in Sydney last thursday. Although he does run a business he doesn't promote it to the extend that others do. Have a look a binvest.com.au. There is also a you tube video of a seminar he did a while back plus others on some of his investments.

Have a look at Nathan Birch's you tube videos (b invested channel) to see how he makes money out of renovating.

Shape wrote:
So it's a block of units 3 x1 bedroom?

She said house, I assumed 3×1 was 3 bedroom, 1 bathroom????

Catalyst wrote:
The library is a great place to get past magazines too. There are often great articles and you can borrow a few. Look up the stats in the back of old ones. It's interesting to look at the price differences etc to now. Go to the Meetups forum and see if there are any meetings in your area. These are usually likeminded people who…[Read more]

I'm a bit intrigued as to why you are talking about FHOG and rent at the same time as I don't believe you can have both unless you live in the house (?for 6months within the first year). If you plan to live in the house and rent it out  at a later date then forget my comment but otherwise some more research may be necesssary. There was a forum t…[Read more]