No matter what has gone before or what you say Richard, some people just won’t listen as ‘it won’t happen to me!’ but they will be the first in the queue for a bailout.

It ‘s the 1st week of the campaign, too early to tell what they will accept. If you up your offer to $310k they may come down a bit more. Don’t be over anxious & pay too much but don’t offer too little & lose it.

Good area , not sure about vacancy rates – returns will vary so research what is being leased at present & how that compares.

Is it east-side, close to the station or Killara high etc?

I know that feeling.

I would steer clear of this minefield. Simple things like Who does the maintainence/gardens/lawns – are they insured if they injure themselves on premises? How about visitors? The owners would be personally liable for any claim. Many on the forums are concerned about asset protection, with this one you could lose the lot.

If the present owners…[Read more]

That ‘s why you get personal or director’s guarantees, can enforce a lock-out & personally hold the bond. Office of Fairtrading doesn’t want to know about it, unless it is resi or retail.

I think I've missed the point here – why would the insurance company want to get involved in an employer/employee relationship? What type of insurer covers that risk?

The minutes will give the solicitor any heads up on issues with the building, then ask the solicitor if an inspection is warranted.

Change your profile to no PM’s & unsubscribe from any posts you may have been following.

is that the same place that you were looking at a few weeks ago?

As for the subsidence, will it require underpinning or partial demolition? Crowy sits on shaley clay so it is a reasonable foundation material. It may be poor footing design or construction.

How wide are the cracks? > a few mm indicates a severe problem.

if concerned Just put in a remediation clause (the epaa is quite stringent on the remediation requirements).

Land tax & cgt would be a bigger concern as you are waiting 2 yrs + before construction.

You are generally liable to remit 1/11th of the contract value as gst. But….. If you apply the margin scheme it will be a lot less – see your accountant yesterday.

As far as I know, they act as a buyers agent looking for cf+ sites on the web/papers. Subscription services gives you access to their ‘list’ but I don’t know what they provide in the way of service.

Interest can be claimable on the entire loan provided that you don’t contaminate the loan with personal borrowings eg credit card bills, new boat, holidays etc.

You will be restricted to domain.com.au unless you use one of the sell your own home companies who they give you access to realestate.com.au as well.Paperwork – prior to listing (in NSW) you will require to have a contract of sale prepared by your solicitor/conveyancer (required documentation includes S149 certificate, sewer diagram, any home…[Read more]

Generally, if the current tenant is taking a new lease of the premises then the make-good provisions are not enforced unless you require damage to be repaired (but you can request that this damage is repaired at any time during the lease). Unless the tenant is assigning the lease to another party, you would not enforce make good provisions until…[Read more]

Everything is negotiable – outgoings can be included in the lease (gross rent) or additional (net rent). As for repainting clause anything more than once every 5 years can be seen  as onerous.

If you have sufficient funds in the new fund, then you can go and buy an IP but it can't be one that you already own (unless it is a commercial premises).

What you need to know is how much your builder is going to charge to restore the damage and the extent of the damage.Who provided the report -the bank or you? Are the termites still active? What additional follow-up treatment will be required? how often?Do you want your first investment to be a project or be able to be leased out straight away? Do…[Read more]

ryan mclean wrote:
The 110% fees for leasing the property to a new tenant. This sucks when you change tenants every 6-12 months.Ryan McLean

Why are you turning over tenants every 6-12 months? That is something you can address – are there issues with the property/lack of response to maintenance issues or with the property manager?