Zoning does affect LVR, so best to check with a broker or your bank.  It may not, however, affect any current lend, just potentially down the line if you try to sell.  The next buyer may only be able to get a lower LVR due to business/mixed use zoning.Wendyhttp://www.realestatewomen.com.au

Hi Crashy,I'd take it up with the relevant tenant tribunal.  Were all those issues there before you moved in and when you first inspected the place?Wendyhttp://www.realestatewomen.com.au

Hi Trigger22,Potentially, you can do both.  You've built up some equity in your PPoR that you could utilise via setting up a line of credit.  You can then continue to pay down your PPoR loan (non deductible debt) whilst utilising the equity funds for investing purposes.Just make sure you get the whole thing property structured so as not to mix u…[Read more]

Hi laurieload2,I'd ask the accountant how many investment properties she has or how many clients they have own substantial investment property portfolios.  I think you need to get a second opinion from someone that actually deals with people that invest in property.If you are happy to continue to rent your IP to good tenants and can release…[Read more]

Hi Silverrookie,I'd suggest you speak to a good finance broker first, so you fully understand your position right now.  That way you'll know whether you can start investing with what you've saved, or whether you need to look at other avenues.  Any bank is going to want to know you can service a loan.  Get some sound advice first so you can work ou…[Read more]

Hi Bespoke,I think it all comes back to what you are trying to achieve through your investing.  Which property is going to get you closer to your investing goal sooner?  What is your investing strategy?  Once you know this, run the numbers and see which one has the better return for what you want to achieve.Wendyhttp://www.realestatewomen.com.au

Hi Tony,Yes, in Victoria you need the Section 32 first in order to make an offer.  I'd ask for the Section 32 without further discussing the price with this person.  Once you have the S32, you can make your offer in writing.  Agents are supposed to present all offers to the vendor, however they may merely tell the vendor an offer has been pr…[Read more]

Many lenders consider more than 4 units as commercial rather than residential, hence the lower LVR (loan to value ratio).

I own several blocks of units (on one title) and only receive one rates notice per property. If you are receiving multiple rates notice, are they strata titled?

does this void the strata if i own all four of them?
No. In…[Read more]

Hi Marc,

By all means, please organise one. I have some great contacts for speakers if you need them or ideas on how to get things started.

Good luck with it.
Wendy

Achieve the abundance you deserve!
http://www.affluencia.com

Hi Ladies,

Please RSVP if you would like to attend tomorrow night.

Hope to see you there.
Wendy

Achieve the abundance you deserve!
http://www.affluencia.com

Hi Simon,

You need to speak to an accountant as to the best way to structure your property portfolio.

Regarding a trust, you can buy any property in a trust structure. However, with a trust, any losses are held within the trust and cannot be claimed. They can then be offset against any other assets in the trust that make a profit. Therefore,…[Read more]

I think you will find Ana is looking for a way to work out the rent based on the fact there is a rental shortage and hence an opportunity to add a premium onto the current going rental rate.

The rental levels are known. How to determine how much extra can be asked for, given the scarcity factor, is not.

But why the h3ll would you buy a property…[Read more]

Just a reminder to any ladies wishing to attend the next property meeting, just PM me with your email address.

“Say what you want and be who you are because those who mind don’t matter and those who matter don’t mind.” – Dr. Seuss.

See you there Troy.

“Say what you want and be who you are because those who mind don’t matter and those who matter don’t mind.” – Dr. Seuss.

As a rough guide work on 5% for closing costs.

Separate titles is good as it provides you with the option down the track to sell them off individually if you so desire.

Good luck.

“Say what you want and be who you are because those who mind don’t matter and those who matter don’t mind.” – Dr. Seuss.

Hi Terry,

Thanks for the docs and the advice. Much appreciated.

Wendy

“Say what you want and be who you are because those who mind don’t matter and those who matter don’t mind.” – Dr. Seuss.

Hi Terry,

I’ve sent you an email.

My property is purchased through my company as trustee for the trust. The CG discount will only apply where a property is held for 12 months. This is fine where your strategy is buy and hold, otherwise a company taxed at 30% is a better option inside 12 months.

Wendy

“Say what you want and be who you are…[Read more]

You really do need to use a solicitor based in the state of purchase. The laws for each state vary and I don’t think solicitors like to handle settlements interstate.

I can recommend a good solicitor depending on which state you are purchasing in. PM me.

Wendy

“Say what you want and be who you are because those who mind don’t matter and those…[Read more]

Hi Steve,

Have sent you a PM with the details.

Wendy

“Say what you want and be who you are because those who mind don’t matter and those who matter don’t mind.” – Dr. Seuss.

Hi Steve,

My accountant meets all the above, but is located in Kew. He is well worth the trip though. Let me know if you need details and I’ll PM you.

Wendy

“Say what you want and be who you are because those who mind don’t matter and those who matter don’t mind.” – Dr. Seuss.