HI RL,    I am with AAMI and have found they are able to cover everything i need, and be on the cheaper side as well. im getting building and landlord insurance for a bit under 180 for two of my properties and 330 for the other. I had someone fall over in my house last year and fall through a glass panel. they apparently got some scares and tr…[Read more]

KRISTIN SANDERSONRegistered ConveyancerPhone: +61 8 82271331Fax:     +61 8 82271332Email:   [email protected] 105g Balcony LevelGays ArcadeADELAIDE SA 5000  I use her for my stuff and she is very thorough.

I think it will add value on paper i.e for the banks valuation but will detract from tenants wanting to live there. I know i wouldnt want to live in a house where my front door was used as a parking space for others. if it was my parking space that would be a different story.

yes you can do that but the point my other forumities are making is that you cannot then claim the interest on that portion as tax deductible because you have used it to purchase your PPOR. the opposite applies if you use your PPOR to buy IP’s. i.e if you have 100K of equity in you PPOR and you take this spare cash and use it to buy an IP you can…[Read more]

im still confussed with what x’ing is. this is my understanding, if i want to buy an IP and i already have an ip and I borrow 80% of the cost of the new ip from itself and then i use 20% of my equity in my previouse IP to bring it up to 100%, this is bad? and is what we are talking about?

instead i should set up a LOC on the first IP and then…[Read more]

I have terminated the contract. I am still interested in this deal but I wont be persuing them. If they want to get themselves sorted and approach me again I will be open to it. but I am a lot wiser now than when i started so it has been a very worthwhile experience, altough costly with building inspection, conveyancing fees etc.

cash flow positive