Just a question, if this house was left to the uncles in a will, do they still pay capital gains on proceed of the sale? They didn't own the property previously as i understand it from reading the thread. Just curious what the ATO ruling on this is

Terry what part of Sydney is he buying in?

did the valuers do a drive past or a walk thru valuation? A walk thru may be more favourable.

do you live close by? perhaps you could also go to the open house, or even better get a trusted friend or family member to go and see how well the agent 'sells' your property to a potential tenant. What do other similair properties rent for in the area? is it on a main road? Do you have a contract with the agent? Are there other agents that you…[Read more]

why do you want to negative gear?To answer your question it would depend on how much you spend on building house and what the rental return is

ebay listing details for kit homes. if searching type in real estate, not kit homes otherwise you get listings of home hair clippers!http://cgi.ebay.com.au/TRANSPORTABLE-RELOCATABLE-HOME-CABIN-/260623037399?cmd=ViewItem&pt=AU_Real_Estate&hash=item3cae57f3cheersSonya

hi i have seen some kit home companies advertising on ebay, not sure where you are located, but they may be an option

is there any reason why your partner would not move into your property? if he rents out his existing property he would not have any tax deductions that he could claim as far as loan repayments go because he owns the property outright. if you rent your property out there would only be minimal tax concessions for loan repayments as the amount…[Read more]

Jacqui i  have bought all of my properties in regional towns and out of five properties (two joined flats and three free standing houses) i ahve only had one property vacant for three weeks. I have owned two of the properties for over two and a half years, one was bout in December last year and the flats will settle in two weeks, but have had the…[Read more]

hi little aussie, which town in victoria are you referring to?

Lalibella if being female and a red head are sufficient criteria to be PM, then i am laughing!!I would like to see ANY political party/politician who will do what is right and in the best interests of our country as a whole and each of us as individuals. Julia Gillard continues to believe that she is beyond reproach, just like kevin Rudd did. By…[Read more]

I scored in the negatives, which surprised me given that i have four (really five, one set of flats) investment properties no personal loans, credit card paid off in full each month and a PPOR that i have 50% equity in. here i was thinking that i was doing okay. maybe i will just ignore this score and continue on my merry way.

If you listen to the speil that they give at the auction, the highest bidder has the right at first negotiation after the property is passed in. i don't know whether they are able to mention that there is another potential buyer. The RE may have thought that because you hadn't taken a contract that you were not serious. I'm not sure how everything…[Read more]

I would think that the owners of a property have more rights than the tenants, but it appears that this is not true. i know that TT and ACA are not 'documentaries' however as was shown on the program mentioned above when the police were called, the poor owner was told that until she had a court judgement she could not access her own (badly…[Read more]

Reply promptly to any and all communication with landlords. My best property manager is proactive and does things like carrying out three monthly checks on smoke detectors to ensure that they are working, emails statements, spoke with the tenant and increased their rent by ten dollars a week to cover the water accounts when they come in each…[Read more]

oops should have said you, not 'upi' typing and watching tv at the same time LOL

have you thought about trying to balance your portfolio by having some cashflow positive properties with some negatively geared. Also if you buy well, the negatively geared properties may become positive in a short period of time. If they are able to have regular rental increases then this will help upi to reach your goals.

What things are included in your contract of sale? If these items are listed in the contract then they are yours and you have documented proof of this. Do you also have any photos of the properties to support this? Do you have a copy of the contract for the property that you were unable to purchase? If so this would also have a list of inclusions.…[Read more]

My friend's house was up for auction on Saturday, was passed in, yet sold half an hour later. I have personally only bought one property at auction, yet have bought 8 properties (and counting). I think that what GOM and DWolfe have said is very true, auction clearance rates are not the be all and end all. Yet both written and electronic press make…[Read more]

I Hope Julia is able to manage the country's finances and planning better than she has managed the BER  (Bloody Economically Rats**t) As a teacher and a parent i cannot believe the phenomenal wastage of money that this has been. I also believe that the companies that have been awarded these contracts should be tried for fraud. They quote on a…[Read more]