We tiled over tiles and it saves a lot of money and looks great. When I told the tenants that lived there for 2 years they were very surprised. Regards, Linda

Try http://www.ato.gov.au Form is (Nat2036) ITWB. If you can’t find it give them a call and they’ll give you instructions on how to print forms. These were my instructions but they could be old: http://www.ato.gov.au, in top right search 2036, choose ‘5’ go. Link 2 (Nat2036), ITWB or print. Regards, Linda

Hi Gina, I found myself in a similar position recently also. I self manage my properties and approx 6 weeks before end of tenancy I sent a letter to my tenants telling them what the expected rental return was and what I would charge them, giving them a discount for being such good tenants. They do some of the maintenance and have made a couple…[Read more]

Hi Ben and Jodie, Where are your units in Perth? Where in Qld are you moving to? I’m from Bris, moved to Perth 8 yrs ago.

Thanks LA Aussie. Your always so informative. I really like Margaret Lomas too, but only wish I took her advice when I read her books years ago. I’m now re-reading them to get back on track. You can only have so many neg geared properties, till you run out of cashflow…..

How to Create an Income for Life – Margaret Lomas is a good read.

I have experienced this response myself from Perth experts in property. You have to trust your own instincts and work out your own investment formula. Good luck!!!!!![biggrin]

I would go for it. Don’t forget landlords and house and contents insurance. If you want to be ultra careful there is also an insurance for trades people caring out repairs on property in case of injury. Applies to WA but not sure about other states.

We’ve got 101 and 202. We paid about $300 for both when we attended a seminar about 8 yrs ago. I think it’s O.K although I couldn’t imagine sitting around with friends playing and after playing with husband once he finds it too boring. My kids love to muck around with the 2 games Age 5 & 8. I think by the time they get a bit older it will be…[Read more]

I did this on first ppor. Can be treated two ways – (1) As a private nature – do not need to claim income (2) Neg gear. You will have to pay CGT on this portion when you sell though 2/3.

Here’s another perspective for you. An old school friend of mine got paid compensation when she became 18 from a car accident when she was 8wks old. She bought a house in a cheap suburb in Brisbane. Her mortgage was only about $30,000. She got involved with wrong crowd and wasn’t brainy at all. The last time I saw her she had rented out every…[Read more]

Have also read, but would check with accountant, that you can move back in just before 6 years is up on ppor, then move out again and be eligible for another 6yrs.

Hi Wayne, if you had to sell any properties I suggested you sell the 3×2 as you have the most equity in it and could pay off most of your PPOR debt. I think if your looking at CF+ properties they may offset the CF- property that you keep. Another thing that I would consider though is capital growth. Is one block substantially bigger then the…[Read more]

I’d consider selling 3×2 to pay off PPoR and keep 4×2. Rent will definately go up and you’ve alreading spent heaps on stamp duty. I think being coastal CG will continue to be good.

Bridgebuff, let me know how you go on your first venture. I’ve got two small development sites in Perth and still in process of researching and I need to wait for zoning changes to proceed. . It’s a lot more involved than I first thought but it’s getting easier. I’m planning on sub-dividing and selling vacant block as first project and second…[Read more]

Try Members Equity. Their lending criteria is stricter but I haven’t found any cheaper lending institution. You’ll have to talk through your plans with them to see if the suit your strategy. Unless your a high income earner in Executive position you don’t seem to be able to negotiate cheaper rates.

I would really love to hear some real life stories from investors who buy CF+ properties. And some stories from CF- investors and investors who have held a balance of both. It would be interesting to see how these different strategies have panned out. Please include dates, equity, cashflow and which states of Aus and other contributing factors.…[Read more]

ATO website or talking to them are sometimes useful. Make sure you keep every receipt.

Author is Ron Forlee. I did a google search on it to find best price and more info on it as it was difficult to find on bookshop shelves. It’s a step by step guide on site selection, finance, getting advice, working with contractors, councils consultants and solicitors, costing, marketing and selling. He has another book An Intelligent Guide to…[Read more]

A brilliant book is Australian Residential Property Devt. It gives you templates to work out every single cost to see if it is viable.