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  • Profile photo of shell21shell21
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    @shell21
    Join Date: 2010
    Post Count: 5
    January 9, 2010 - 10:30 am

    Thanks so much Michelle
    It sounds like you guys had a really ruff ride with your tenants ! It suprises me about the insurance not covering you cause he moved out !! I thought that's the whole point of the insurance ?? Ill make sure I check that out when we get cover. I ve thought about buying close to home were rent is high in demand and we can keep an eye on it. Iam still a bit worried about it all working out but i think we will have to give it a go !!!!   Thanks !!

    Profile photo of shell21shell21
    Member
    @shell21
    Join Date: 2010
    Post Count: 5
    January 6, 2010 - 11:40 pm

    thanks michelle
     thats the road we are looking like were going down iam sure its going to be worth all the hard work and stress! did you find that after renovation the tent look after the property did you have any proplems with this ?? any advise you would share would be great.  thanks for you post its good to hear from some one else that has been throught it all. 

     

    Profile photo of shell21shell21
    Member
    @shell21
    Join Date: 2010
    Post Count: 5
    January 5, 2010 - 2:34 am

    Thanks duckster for your reply.  GOM and Qlds007 just getting some different opinions and educating myself with other people that may have been through this before nothing wrong with that, i think we can all learn from each other. Wasn't about to take anyone's advise over my financial planner etc. Just thought it would be good to see what other people experineces may have been. I haven't posted on here before but thought this what it was used for networking   ………..???? Thanks

    Profile photo of shell21shell21
    Member
    @shell21
    Join Date: 2010
    Post Count: 5
    January 4, 2010 - 12:28 am

    Thanks duckster for your advice
    I was hoping to get a contract drawn up to have rights to access the property before settlement to cut holding costs and save on time as we wouldn't be live in the premises and would sell if the market was good or rent out and claim on depreciation and hold the property to can equity whats your thoughts on this strategie. Thanks

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