Small dilema, i spoke to a few very close older friends, who say they wouldnt raise it by $20 a week that its too steep. One says to raise it $9 a week one says $15 – 16 a week? What do you all think about that now? Im so puzzled.[jerry]

Thank you everyone for your assertive, positive and strong help. I do get strength from you all.

Its good to have a supportive network here.

I will raise it, i am determined.

Psychiatrist [thumbsupanim]

I am in my early 20’s and have one house with another on the way before december.

They have been there almost a year, one month before the 12 month anniversary i will phone them and let them know of my plans. The other houses in the area that look like mine with the same condition are renting for $200 – $220, thats what i want also, but how do i go about that? It would be pretty rude if i just raised the rent from $180 to…[Read more]

wow sarah what do you do?

If i where you i would buy.

Queenslanders are beautiful thats for sure, but as they are mainly wood you will need constant termite sprays and keep a check on the stumps and any wood rot.

Enjoy it, they are stunners and well worth it, also they do make decent returns especially if they are done up nicely

Dear Everyone and Wylie,

Thanks for your wonderful and long answer, every workd of which i read. From this i will be patient and “try ” to stay calm.

If i noticed big things wrong, do i mention them Now or at the end of their lease or whenever it is they decide to move out? If one where to mention somthing now, they may simply just move out and…[Read more]

I would reccomend buying an established home in an established suburb, you know the trend and ther is not as much risk involved. But im only a newbie, and am learning just like you. Good Luck.

I was meaning, a program for your pc at home, you open it, you see how much is left on the loan, where you are up to etc, estimated loan end date etc..

Didnt mean anything what you all are talking about *giggles* sorry if i misworded myself.

Cheers xx

Im sorry to see your lovely tiles ruined like that. Id be so angry!

I look foward to hearing some good news from all this! and some after shots as well.!

I would personally, only fix the things that are legally required, plumbing dangerouse things etc …. You hve been totally lovely doing all these little run around things .. are you actually making money on this unit?? Seems the tenant is a total cow. You have been a good land lord from everything you have mentioned!!

If she wants…[Read more]

I was planning on just holding the bond myself (in a special account), as the tenant is a family friend etc, the tenant dosnt mind, i just wanted to make sure if i did or did not have to pay interest on the bond to the tenant at the end of the lease term.

Seems i dont… by the looks of it.
Not that it will break my bank if i do have to at the…[Read more]

Thanks all for your advice, its been extremly helpful as always in helping me with my final decision.

A wonderful support network we have here.

Cheers..

Mortgage Hunter .. i just dug up an old post of mine and the reply yo uhave .. he he actually i think it was y uthat told me about the loophole hun .. xx

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Mortgage Hunter
Moderator [2758 posts]
Posted 01/09/2005, 08:35:17

Jacob is correct – you can rent the property for 364 days then move in for 6 months.

This loophole was designed so…[Read more]

Thanks for that info and link .. I may need to phone them to ask. Does anyone know specificly if i need to pay the tenant intrest on their bond? I have not ever heard of this before.

cheers

When do I have to take up occupancy?

within 12 months

[+]How long must I reside in the property to establish it is, or will be my principal place of residence?

If you have entered into an eligible transaction on or after 1 January 2004, you must occupy the home as your principal place of residence within one year of completion of the eligible…[Read more]

Mortgage Hunter, I dont have the exact document in front of me at the moment, however the Documents i recieved from the QLD FHBG department, worded the documnt i had to sign similar to this” You must move in within the ist 12 months, to be able to take this grant”

They suffed up a little i think .. my lawyers say you have to reside in the…[Read more]

I know .. how dare they ask for a recipt .. *giggles*

I actually dont mind giving them one, its just that i have to do it in such a way that im not doing anything possibly in a loophole *wink wink*

What i want to do is put in my lik e’award saver’ account and just write them out a reciept .. can anyone supply me with a template or wording for a…[Read more]

I think that the answer to your problem Dutchess is to be interested in a richer man.

Munjy

Dont know any do you?

This is the stuff i have to learn about *reading with interest* sorry i cant help..