Thanks everyone for your answers.I will be keeping the property but as I have to borrow for another purchase, I thought it would be a great way to cash up and not get another loan as the new purchase would be PPOR.cheersToni

Thanks for your info. Sorry its taken me so long. The house has been in the family for 20 years and we are buying half of my sister in law. cheers

Hi I have always used tiles/timber floors and always carpeted bedrooms. Never had problems leasing due to the location of the properties. To my surprise, i heard some people do prefer no carpet anywhere as kids are allergic to the dust that lives in the carpet. I would probably speak with the local property manager as they should have a pretty…[Read more]

Great info here, thought I would refresh the topic.Can anyone fill me in on the rules about "arms length"?I have an SMSF and want to sell my PPOR to the fund to release cash for another purchase. I have a feeling this cannot be done but can anyone give me the advice I need?CheersToni

Hi If you are buying a going concern it should already have all these things in place and if not they would not be a licensed child care centre. These businesses are heavily regulated and it would be a commercial investment for you. They would have had development approval from the council to run the place as a child care centre so I dont think…[Read more]

thanks for your reply. Not sure, never had to do it. Do you know what the requirements are?

Hi MarkYou pay 215pw @ Kirribilli? Stay right where you are. Invest in Pyrmont, Ultimo is a sleeper I hear. Surry Hills, anything close to the CBD. These areas are huge for students. There are companies that will rent the property from you to sublet to students. Chippendale is an area where i know this is happening. (not us)Think about the things…[Read more]

Hi Karengood luck with it. Have you had the building and pest reports done?.If the contract falls through, you may be able to buy the ones that (hopefully) have already been done for the previous buyer. The REA may even give them to you.The only suggestion I can offer is to offer a quick settlement, say 4 weeks if you have things organised and can…[Read more]

even managed to move a street closer! lolI really feel for you. How much do you estimate the reno would have cost?cheersToni

Hi MikeFound this and wasnt expecing an answer so soon as today is Sunday! I emailed and I was so surprised that I got the report back  today !Thank so much once again.Toni.

thanks ktastrphei will follow them up:)Toni

Can anyone give me info on a good one in Sydney?

HiI guess your best option is to speak with the council and do try to get the advice in writing before buying. I have been through the scenario of one telling you something and another saying something else!Toni

HiI guess your best option is to speak with the council and do try to get the advice in writing before buying. I have been through the scenario of one telling you something and another saying something else!Toni

"MLM is just one more form of selling products or services, and needs a lot of time and dediction and real talent and love for selling and teamwork just like proeperty investing, or running a restaurant."This is so true. I have been around these companies for many years. You have to have a love of the product and to use the product in your…[Read more]

Hi ErikIts a really good site full of useful info. It does look like its under construction stiil. I have put it into my favourites so i can see it grow!Well doneToni

HIIts a great position to be in. Put the money away for a while and educate yourself. You can do this cheaply by buying books. Steve's 2 books are a great start. Margaret Lomas has a a range of books and i think the last one is about 20 questions you should ask before buying. Thats a great one. Peter Spann is another that comes to mind. This…[Read more]

Welcome Josh

Check out October Money magazine. It has all the relevant information regarding this exact subject. I am looking at the same thing. Only difference is we currently own the property and will sell it to our SMSF. I have yet to check it out further but i believe this can be done.cheersToni

HiSell the house and reduce the loan on the PPOR. Investing later has more advantages tax wise. Collecting rent now from the house you own outright would be pure income (apart from a little expense along the way). DHA is a more expensive but less hassle free way to invest I believe. I dont have any but have looked at a couple.You are right to cut…[Read more]