Sonja,

In a couple of our IPs we have air con, and I tell my tenants NOT to try and fix them if they think they are broken, and as far as maintenance, I just get someone to check them periodically (although I have been slack lately). Basically, if it’s not working my tenants know to tell the PM who will inturn notify me that a repair person is…[Read more]

Yippeeeeeeeeeeeeeeeee
That is fantastic news Del!!!![juggle]

You’re right it could have been very different, but thank goodness the purchaser had a conscience.[angel]

Oh well, bet you’ll check, double and triple check your settlement statement next time huh???[biggrin]

Cheers,

Jo

Originally posted by Sonja:
Sorry to get on my soap-box here but truth is I’m just sick of it.

Sonja honey, you really should get off that box before you hurt yourself!!![tongue]

No seriously, thank you I appreciate your kind words.

I think what we all need to remind ourselves that this medium of communication is open to misinterpretation.…[Read more]

Originally posted by padmaa23108:The very first post that I made asking for a suggestion, I was called STUPID for even thinking what I was planning to do.
Padma,

I remember your first post, I was the one who replied, and I did not call you stupid. It was tongue in cheek sarcasm, and may well have come across harshly, as I am guilty of not…[Read more]

You would be CGT exempt because it was your PPOR and although you moved out to use it as a revenue generating property (rental) you have 6 years in which you can do this, provided you do not claim another property as your PPOR at the same time. But even if you do, you have 6 months transition in which time you can do so. And from Sept 04 to now…[Read more]

Fingers crossed for you Del, that the purchaser sticks to his word (and it obviously sounds like he has a conscience) because legally he could opt to say “tough” and you would be hard pressed to do Jack about it!!!

Keep us posted, and yes, thanks for sharing as it is a valuable lesson, one which I daresay you will oversee with an eagle eye next…[Read more]

Yack,

How do you propose to put a caveat on a property you have just SOLD and more importantly, SETTLED??? [blink]

The purchaser’s solicitor probably won’t give the discrepancy a second thought UNLESS there is money in it for him/her, in which case, he/she is representing the purchaser who incidently was the one availed of this discount by…[Read more]

Here are some other calculators (including SAs) to help you work out what you will be…[Read more]

Hi Del,

Geez sorry to hear that!!!

I’m afraid it will be a battle, one that could end up costing you more to try and retrieve the money than it would to cut your losses.

My next door neighbour was in the exact same situation as you, and they couldn’t do a thing. If the purchaser paid his/her money, and the settlement is finalised, that is…[Read more]

Is that all?? [blush2] Here I was thinking you were directing us to news of some martian inhabitance!!! [biggrin]

No seriously, that’s great, thanks for that Simon.

BTW she looks very much like the “Sharon King” I went to school with (little sister of a fellow classmate, a few years below us)….gotta wonder??? [blink]

If by classic you mean “aged” then that’s me….I’m a classic property investor!!! [biggrin]

Hey Julie,

Welcome!!!

I am a Frankston investor; love the place, especially the snottier end (South Frankston) and the not-so-snotty, but still respectable Frankston Central and/or Heights.

Then there is North Frankston, yes definitely the less desirable of the Frankston pockets, but nonetheless will be worth a bit in the next decade; just sit…[Read more]

As you purchased the land and were in the process of building your PPOR (and as long as you are not claiming another PPOR atm; that is you are renting) then you should be fine, and you can proceed with your plans as you outlined.

Sorry to hear about your relationship break-up; never a nice thing to happen. [glum2]

When did you buy it???

No, because CGT is calculated as from Contract of Sale date, not settlement date. By the way, CGT is applicable if you sell under 12 months, not 6.

Oh come on….you’ve been away 3 months, and that’s the biggest smile you can manage???[blush2]

I was expecting at least one of these —> [biggrin]

I too have far too many to name any real favourites, however, the flavour of the month (which btw started 6 months ago) for me, is:

Whatever floats your boat…….[biggrin]

[shocked]Whoa…ARE MY EYES DECEIVING ME???? [shocked]

WELCOME BACK KAY!!! [biggrin]

[blush2] Awwww shucks Byronent; you’re too kind!!! [kiss]

Hi Heather,

PM the details of exactly when and where you will be and I will see what I can do about catching up for say a coffee/chat.

Cheers, [biggrin]

Jo