Only if it is a workplace.

The bank will want to get its money on loan 2 if you are releasing the ex from house 1. The ex needs to remortgage #2 & pay your settlement back to reduce the loan.

Everythings possible you may need the accountant, banks & lawyers.

Where is Wandoan?

You’re lucky if the tenant contributes anything toward outgoings especially with short leases. The rent should reflect this rate.

Signed the POA today (it was prepared a few years ago but stage 2 is now due to be put into force including registration with LPMA).

brines wrote:
hello
Can anyone tell me where i would go to find out  estimated rental return on properties and how I would go about researching this?

Brines, there is no one stop shop for info on rental returns. Research is your best guide ie look at the main rental websites ie domain & realestate, haunt the doorstep of agents and pick up…[Read more]

Asset protection should not necessarily be your sole determinant. Other factors such as estate planning, distribution of income, no. of properties that you intend to own, the risk of getting sued should all be considered.

theycallmeBruce wrote:
@wakebrown In my street I have received 2 flyers saying things like 'investor will give you CASH today for your house' and a mobile number..

Apologies for posing an unrelated question – but how do I create a new thread. I going out of my trying to find the 'new thread' button……………cheers

There is a button at…[Read more]

Most trusts in NSW start paying land tax with no threshold. Check the osr.nsw.gov.au website

Transfer of ownership is at the discretion of the other company directors. So if the other directors don’t like you, a prospective purchaser or tenant, they won’t grant consent to sell or lease.

They have more power than Body Corporate.

Same rules probably apply Richard, you can’tbe getting a benefit from the investment – it still needs to get driven to the service centre or petrol station though.

What does the code say about frontage? If the block has a sloping front this becomes the width.

Which State just to narrow down the query?

You don't just have to sit on artwork (metaphorically speaking) and store it in a dark room, there are a few avenues to lease it to companies who will 'rent' your artworks or place them in an art library/art bank (or whatever they call them) and then lease them on short or long term to corporate/private clients. Providing you don't use them, this…[Read more]

Geez Crest, I'd heard of Bogan Shire but not one specifically for owners of Monaros.

Do the work between tenants ie have the first one on a 6 month lease only, then you may get away with some works being maintenance and the rest as improvements/capital expenditure which can then be depreciated. If you do the work before you have leased it out, then it is all capitalised as you have purchased in a condition requiring work.

You may need to refer to the LEP to determine whether this is based on the width of the block or the length of the frontage so if you have a sloping block you have a longer frontage.

Typically you’ll add site costs ie site levelling, footing design and site works up to floor level, external concrete eg driveways & paths, front fence, mailbox, roof sarking & insulation to walls/ceiling, air cond, light fittings, exterior power & taps, landscaping….

They leave out just as much as they include.

See the other posts in https://www.propertyinvesting.com/forums/help-needed/4346819

As an intro to the building side of things, do an owner builders course (mandatory if you have to do 'building work' as defined) but useful to understand the overall process of trades co-ordination, budgeting, tendering, supervision, site safety, ohsr, legalities, security of payments legislation. design, use of consultants……..

1 get an education to get a reasonably paying job
2 Learn about property
3get a well paying job
4 learn about property
5 save like nothing else for a deposit
6 learn about property
7 Research your market
8 learn about property
9 jump in
10 learn about property