ve2sQuie1 replied to the topic To keep or to sell? in the forum Help Needed! 15 years ago
I think you have misread what I wrote.I'm not considering selling the house, I'm considering selling the apartment.Refinancing the apartment and putting the extra funds on my PPOR mortgage would be counterintuitive as I could not deduct the interest on those funds as my PPOR is my PPOR, not an IP.
ve2sQuie1 replied to the topic Living in Investment Property in the forum Help Needed! 15 years ago
No, I have not claimed anything as yet. I completely forgot / didn't know about claiming interest on the deposit when I paid it 2 years ago. Oh, how I've learnt since then.
ve2sQuie1 replied to the topic Which insurances should i get?? in the forum Help Needed! 15 years ago
I'm also interested in what is required as I am about to rent out my first IP.If I have a property manager managing the apartment, do I still need to take out landlord insurance?
ve2sQuie1 replied to the topic First IP – Rental Management in the forum Help Needed! 16 years ago
Another similar complex settled around 2 months ago so for interests sake I might follow up with the agent who is managing that building and see how they have gone with getting tenants in.What powers have I got to ensure that they don't provide me with inflated figures? For example, am I able to ask to see a current rental contract (with personal…[Read more]
ve2sQuie1 replied to the topic First IP – Rental Management in the forum The way I see it is if at 16 years ago
The way I see it is if at settlement time I follow the pack there are likely to be tens of apartments up for offer from the 'primary' property manager.If I go with a manager who is managing less lots from the complex, there is a greater chance of a client being interested in my lot.I guess demand plays a big part in it really… Thoughts?
ve2sQuie1 replied to the topic First IP – Rental Management in the forum Help Needed! 16 years ago
Thanks for that info, Scott!I'll have to go speak to a few places next week and see what is out there.
ve2sQuie1 replied to the topic Investment Property and FHOG in the forum Help Needed! 16 years ago
To clarify, I would of course not claim the FHOG on the investment apartment since I would not actually be living in it. I would claim it on my future purchase.
ve2sQuie1 replied to the topic Another young couple after advice in the forum imugli, thanks for the 16 years ago
imugli, thanks for the advice and explanation.Terry, that site has a lot of useful info, thanks for that. Also what you said in your second post makes a lot of sense.
ve2sQuie1 replied to the topic Another young couple after advice in the forum Help Needed! 16 years ago
Thanks for the help guys. Looks like I will have to make do with the $13,000 FHOG.Maybe it is a good idea to put off buying another place for another 3-6 months to allow myself to move into the studio apartment and do as much reading on investing as possible.I think we will get a high loan for the studio apartment to allow us to redraw funds as…[Read more]
