Hi kenzel,I don't beleive you would be eligible for the bonus grant on this property if it is already established, regardless of whose occupied it. The bonus grant is for the person who builds the property as long as they are a First Home Buyer.For further clarification view the State Revenu Offices website http://www.sro.vic.gov.auRegardsRobert Crick

Hi Pos,I would be more than happy to have a discussion with you regarding the pro's and con's of what you are talking about confidentialy. Please feel free to contact me on the details below at anytime to discuss.In a nutshell though, I have to say that I totally agree with Terryw's comment;"not mix business and pleasure with your loans", as many…[Read more]

Hi PochPoch,

I have a IP that i brought in Woodridge about 20 months ago, and have not had any trouble with it at all. I have had more trouble with the Real Estate Agent than anything!!

The property has increased in value by about $20k, i have increased the rent twice now, and i have had an excellent tenant who came to me 6 months before her…[Read more]

Richard,

If i was in a situation where i was considering transferring the ownership of a property from persoanl name to a trust what would it cost me? If the property is currently worth about $150k. Could u please provide me with some sort of indication of how i would calculate this.

Thanks heaps Richard,

rcrick[biggrin]

Hi,

Just a quick note on buying blocks of units. I know from experience that some major lenders are funny about lending money to buy blocks of units where there is the same owner for all the units. Something to do with overexposure i guess?

I am looking into buying a small block of units myself at the moment (2 units), and the figures stack up…[Read more]