might be worth talking to a shire councillor – good luck with the venture

What is the zoning on the property? Is it RSD (roadside mail delivery?). Is the road shire or state owned? I would say it is possible if your willing to pay for the work?

what did the agent say about it? Sound like it could be in the carpet underlay – so probably new carpet needed

haha duckster I have done Bunnings stocktakes as well, good money and they feed and water you  very dusty though

do you get a depreciation schedule done from a QS?

Does it start with B?

Can you make all properties interest only repayments?

Hi Fordy – they say a problem shared is a problem halved? or something like that.I'm no expert but another option maybe a rent to buy on the 2nd property – you would get repayments back to cover your interest and a little extra. The deposit that the buyers use could connect the sewerage. Is there a certificate of occupancy on this property?Best…[Read more]

Mentone? I struggle to believe Mentone……. not from what I have seen

Hi Renoah, welcome to the forum. We are looking at Seaford to buy too – PPOR though not investment.I think it is good value for money wrt to closeness to transport and beach. It is really the first suburb that we can consider with our limited buget and wants of being on this side of Melbourne and the aforementioned.Sounds like your ticking all the…[Read more]

Ah I know the ones – used to be a large motel complex. There seems to have been no action there in developing for a long time.They seem good value and probably walking distance to town/train

maybe look at vendor finance?Also I think there are rules on how much increase in rent the landlord can pass on – would be worth investigating?We have pets – so I do understand how difficult it can be to find rental properties, where we rent in a group of 13 flats – we are the only ones with a dog and the first the landlord has allowed. Hopefully…[Read more]

or is it?????

oh well that ends that – for the moment anyway

Thanks Richard – so you would need to fund the shortfall yourself then?I have almost $175k in super – but not in a Self Managed Fund

I like being near the water – so would choose Frankston over Clayton. Their are some housing spots in Frankston

HI Geoff – are you claiming depreciation on your investment property? If not – highly recommend getting a scheduled done by a quantity surveyor.

Our IP is a 1948 weatherboard this year:Water $500 (we pay this even though we don't have to in Victoria)Plumb & Elec $370mirbou staining $550Misc (new clothesline) $230The previous year is similiar.So ours works out to 2 months rent a year on repairs

Hey Holls – congrats on the progress you are making, very inspiring! So did your hubby actually live in the house/was his name on the title? Kind regards, Maree

guilty of 3 & 4