Thanks for the replies guys.As per the above:I am 25, single, happy what a wonderful world…Looking to setup my structure in order to have asset protection, ownership portability and affective tax.I Have:- 1 PPOR, under my name- Multiple Shares, under my nameI am looking to use the PPOR and have borrow against the equity to the total amount…[Read more]

Hi,Check this thread…https://www.propertyinvesting.com/forums/property-investing/help-needed/4328089?highlight=%22aussie+rob%22Cheers,Miike

All welcome…a nice little resource Cheers,Miike

Hi Reco,keep us all informed, I look forward to hearing of your progress as I myself am a possible prospective enrollment for next year.<br /:)” title=”>:)” class=”bbcode_smiley” />Cheers,Miike

Hi PP,I was looking into this same scenario recently.You need to have a few checks done…is it a load bearing frame? i.e. Load requirements.How many bifold doors.Standard sizes vs Custom.Material.I had a few quotes around 5k including:- Install- Metal Load bearing frame,- Wooden BiFold Doors,- Custom height and width (was very close to standard…[Read more]

I think there are 2 ways to look at this…Yes, skylights would be a great investment and would pull a bit more extra cash as Scott No Mates pointed out.However, you may also find it a good return to sell the electricity to the powerstation instead of the person renting it ( as a rental condition of course)…that will provide extra…[Read more]

No problem,

I am no expert when it comes to rentals…I am only on my first and am looking at rurning mine into a rental in around 6 months.

However, some things I can suggest would be to:

– Find out details on the demographic and your target rental market

– Talk to the real estate agents and discuss what things will increase the rent

– Think…[Read more]

No problem,I am no expert when it comes to rentals…I am only on my first and am looking at rurning mine into a rental in around 6 months.However, some things I can suggest would be to:- Find out details on the demographic and your target rental market- Talk to the real estate agents and discuss what things will increase the rent- Think about how…[Read more]

Sure, you can paint over it, remember however, that all marks will be visible…do at least 3 coats if using water based.Even sanding to smooth it out will help!Cheers,Miike

Hi howardcm,I had a similar dilemma a few months back and decided that i needed to plaster it.Depending on the size of the walls and amount of rooms this can be quite costly if using a tradesman…it can be done yourself although getting this right can be like climbing mount Everest without experience.Another solution which I used behind my…[Read more]

Thanks Terryw,I was thinking of creating a spreadsheet for this, however I can see myself spending way too much time on it.A package would be much easier and it's tax deductible, so not and issue with cost really.Cheers,Miiike

On the topic of flatpax kitchens such as bunnings, ensure you research costs.I recently renovated my 2br unit with a new kitchen which is open planned, due to the size of the kitchen and use of granite benchtops and customisations, it worked out cheaper to have a cabinet maker and stone mason to create and install. worked out approx 8k all up,…[Read more]

Thanks for the information guys,I'll be discussing this all with my mortgage broker shortly.I'm fortunate that I do get free evaluations from the bank, so it can't hurt to discuss this with them.See how I go.Cheers,Mike

Hi Duckster,I'd need an full evaluation performed as I have renovated the property and have had structural changes made to increase the value.The loan type I have is an IO variable, i would be looking to increase the value of the current loan to the highest point of LVR so funds are available to me should I wish to use them. (i.e. funds sit in the…[Read more]

Report in under an hour.Very happy. Thanks heaps Mike!!!

think I will leave tax out of the equation…tax is adds a complicated perspective to it and also changes every year making it hard to really give an accurate comparable measure of profitability.Cheers,Miike

oh,and Scott,Thanks for the books, i'll check them out next time I'm close to borders.<br /:)” title=”>:)” class=”bbcode_smiley” />

Norto, Would love to view it.damiike@hotmail.comShales,Thanks for the provided formula's, I'll be taking a look at them later today as I'm in a rush.Cheers,Miike

I'd appreciate if you would be so kind enough to provide your formulas to us on the forum.I think this kind of information benefits many.If not, can you point me in the right direction of where or how I can find this kind of information.Thanks,Miike

lets say, under 4 years.This is not my strategy, just to estimate investment profit.Cheers,Miike