emailed you Karen. Cheers

mmmm – what would I do??I would probably buy a car – I have always wanted a VW Kombi Split (either reno'ed or not) hopefully I could get 2? To start up a little hire car business (for beach type weddings) that would hopefully bring in income, grow in value and be a nice little nest egg for retirement

thanks for the responses. So would you need the hypothetical police report? Do you have a right as the property owner to restrict access to the property by said person? Also if the property is a unit would body corporate be involved?

Hi Karen – I can send you my excel spreadsheet that I use – I email it to my accountant prior to meeting with him. Maree

Great – thanks. That makes sense

Nicklee88 you were the voice of doom. I read your comments about 4-5 year life span on split systems and the very next day ours died in the investment property. It is not quite 5 years old

gosh that is a worry. Maybe you need to rent the rooms individually?

Someone much wiser than me will be able to explain why you should structure your loan interest only. But my understanding of it is you can claim the bank interest on your claim. You would be better off putting the money you would be paying off the principle into a separate account (line of credit) to use for future property development,…[Read more]

If  you can get $400 per week as is – maybe go for this option as it is almost covering your repayments (are they interest only?). – when coupled with a depreciation schedule and other claimable items such as bank fees, visits etc it will cover the shortfall.When your between tenants I would do the upgrades – this way you can claim it all.Just my…[Read more]

No-one is going to be happy paying a utility bill that high. Is the coonarra heater wood? Wood can be equally as expensive depending on the location of the property? Can you appease the current tenant by turning the wood heater into a gas heater?

Marry a sugar daddy lol – sorry no help! Do you have a spare room that you could rent to a student? I'm working a weekend job now just to help us get ahead – normally one shift approx 8 hours. Do you have an interest that you could turn into a sideline?

Would love to see a pic when you are finished Rhys. I like the look and safety of glass, but worry about cleaning and not letting a breeze through.

I'm sorry Sienna but I take offence at your comment that your selfish if you don't have kids to take care of you when your old! I agree the subject of children is off topic. But your comments are very inappropriate.It is not a given that children are going to care for their elderly parents for a start. I pay my taxes through hard work, contribute…[Read more]

If your saying you need a 100% loan for the property then no-one – 95% are few and far between too.

Hey – my suggestion is Seaford. Close to the water and public transport

sounds like a plan Karen! You probably already know this but works like restumping you can't claim as a one off expense for that financial year. It will have to be spread over (?7?) years on a depreciation schedule. We restumped a little cottage that was our PPOR and it was done in 2 days.

yes speak to your accountant. You can claim the interest only from your mortgage payments, depreciation (need a QS Report) and expenses such as landlord insurance, bank fee's, maintenance, agent fee's

Hi Bonbeach – are you from Bonbeach? We are in Aspendale – could be almost neighbours! Does the MB need to be in Victoria? Richard from this forum is extremely knowledgable and fits your criteria but is in QLD. He is currently assisting us with a townhouse purchase in Seaford and a refinance. Regards Maree

Thanks for the fast reports Mike – very interesting to read.

I'm in victoria and I broke a lease just over 12 months ago. We were 6 months into a 12 month lease. Anyway emotion aside – we had to advise the agent that we were breaking the lease via mail, giving one months notice. The onus is on the agent to activately seek a new tenant an must demonstrate this (eg. ad on realestate.com.au). We had to pay a…[Read more]