Thanks Kristin, I have considered that, but we would prefer to manage it ourselves.  Even after tax by my estimate it would cost us around 2k extra per annum per property.  We understand that other people might prefer to have a "hassle free" investment, but for 5-6k per annum in cash we would prefer to do this ourselves!Thanks for the heads up o…[Read more]

Hi again,

Well its been a little while since i posted here and a bit has happened.

I bought an IP in Ashfield back in March with a 2 month settlement, which went through Mid May. The place was an 18 months old It was a 3bed 2 bath 2 car on about 530 and had not been completed by the previous owner. The walls were still only plaster, no…[Read more]

All, I have found rent.com.au to be excellent. I have an agent mate who has my place advertised on realestate.com.au, and i have privately advertised it on rent.com.au.

I have had more queries on rent.com.au.

Rent.com.au allows private listings.

Rent.com.au seems to work well too. I have had 150 views in 10 days.

Cost 149.95 to list for 24 weeks.

Cheers,

Q

Thanks V8,

The excerpt “If Caitlin had just repaired the damaged carpet she would have been allowed a deduction for the repair. As the whole carpet was replaced, Caitlin may be able to claim a deduction for the adjustable value of the carpet that was disposed” frames my query perfectly.

Can i use the values on my depreciation schedule to write…[Read more]

Fredo – thanks mate – I got no assistance from centrelink or lord mayors fund so they may not send it to me, butill check online. Can you give me the form title?

Hi mate, it was my ppor but I have moved interstate for work so while I have the 6 year period it is considered an investment, so I have a depn schedule.

Unfortunately I chose not to insure for flood (I had landlord ins with NRMA) as I was lead to believe Wivenhoe was deigned to mitigate 95% of flood risk. My mistake.

So, can I use the values…[Read more]

Hi all thanks for the great responses again! Well my offer for the property in Newman was turned down unfortunately. To be honest I am not too disappointed. I did have concerns about the longevity of investment and its a little outside of my risk appetite. I decided to focus on Ashfield as i have been looking around that area recently. I…[Read more]

it wasn’t so much an outgrowth, it was just distance, I can highly recommend her for anyone in Graceville/Western Suburbs area.

As they say, long distance relationships never work out.

Luke,

I will catch up with my most trusted accountant very shortly and discuss the use of a unit trust, although I am a big fan of our current DFT. As you…[Read more]

Hi Gents,

Thanks for the responses!

Sorry I haven’t gotten back to you but I have been busy the last week or so!!!

Andrew – Valuation is over what I believe market value is – shhhhhhhh! However yes, I spent about 15k renovating the kitchen, bathroom, putting a new timber deck on the front of the house (replacing the existing concrete/landfill)…[Read more]