vsdabhi replied to the topic Rental properties maintenance expenses in the forum Help Needed! 10 years, 7 months ago
If I set up a company, Can I pay to company?
and wife can work for company.
I know there are tax implications but is this only the option?Thanks
vsdabhi replied to the topic R-Zoning, What Does it Mean? in the forum Help Needed! 14 years, 9 months ago
Can anyone explain proposed R20/30 please?There is an RE ad, says block size 769m2 and proposed R20/30. Surburb Langford WA 6147.Thanks
vsdabhi replied to the topic How about the Deposit in the forum Help Needed! 14 years, 9 months ago
Hi Mudatsar,I had also the same question before 2 years. I got advice from an another forum called somersoft property investment forum. First of all, A biginer should start with a small investment in property if he does not have much deposit. You can buy a cheap property say $200K to $250K a unit in a suberban area. You need a 10% deposit plus…[Read more]
vsdabhi replied to the topic Mortgage Brokers Selling Investment properties in the forum General Property 14 years, 11 months ago
I don't think you need a licence to advice someone on buying /selling an investment property.Thanks
vsdabhi replied to the topic Rental Yield in the forum Help Needed! 14 years, 11 months ago
I made my calculations simple. I bought a prop for $445K rent $445 per week, 2nd prop $390K rent $390 and third $290K rent $290 and the gross yield is 5.2% When I buy a property, one criteria to findout property price is rent X 1000. I ask the rent of the property and offer $rent,000 or less. It works for me. Thanks
vsdabhi replied to the topic Cost of a new ceiling + insulation – Ipswich in the forum Value Adding 14 years, 12 months ago
Hi,I have bought a prop in Perth (SOR) and there are many visible cracks in the ceiling of one room. Room size about 3X4m. Can anybody give a rough idea how much will it cost to remove old one and replace a new ceiling? We can do painting on it because we need to paint house.Thanks
vsdabhi replied to the topic Investment property – Abbreviations (please add some) in the forum Help Needed! 15 years ago
LMI- Lender’s mortgage insuranceCGT- Capital growth taxFHOG- First home owner grantDHA- Defence Housing AustraliaDSR- Debt service ratioWrap- Vendor finance arrangementR&M- Repairs and maintenance
vsdabhi replied to the topic What to do with Tax refund ? Buy IP or Pay mortgage (non deductable) in the forum Thanks a lot.
I need to ask 15 years agoThanks a lot.
I need to ask bank whether I have off set account. When I borrowed for my last property, bank asked me to cancel withdrawal facility. It was last year, I have to ask. Thanks for help.vsdabhi replied to the topic Need help – property investment and mortgage insurance in the forum Legal & Accounting 15 years ago
Hi, LS007 and hydramax.Thanks a lot for saving me over $10K. I can not understand how could my mortgage broker missed the idea of have more than one lenders. First broker was from ANZ so he did not tell me about other options, I understand it. But second one from mortgage solutions also missed that option. Then I asked another one to do what you…[Read more]
vsdabhi replied to the topic Need advise to buy an IP, what should I buy, Old or New? in the forum General Property 15 years ago
Thanks you very much Duckster for detailed answer with good examples. I bought 2 properties, one is totally renovated for $390K and another for $266500, needs some work. Both are old properties. Thanks SNM, I am not considering tax only. I consider growth potential area, value addition and land size (sub dividable)Thanks again.
vsdabhi replied to the topic LOC or the like in the forum What about LMI? When I asked 15 years ago
What about LMI? When I asked the same question to my mortgage broker he told me that I will have to pay LMI for all of the properties if I borrow more than 85%.Just curious to know bit more about IP.
vsdabhi replied to the topic Renovation of IP and valuation in the forum Thanks a lot for help. When 15 years ago
Thanks a lot for help. When I first posted this topic, we were interested in a 4BDR property. But we found a newly renovated 3bdr property and bought for $390K in Parkwood (WA). Settlemet is on 19th Nov 09. We were actively searching a good deal and last week we found a 3bdr, 821m2 subdividable section but old house. Offered $266500 last night. It…[Read more]
vsdabhi replied to the topic The Inspiration/Motivation Thread – Tell your story! in the forum Opinionated! 15 years, 1 month ago
Hi Everyone,My story: I bought my first 2bdr in NZ for 160K, we worked hard for @ 2 years inside – ouside (gardening) plus added 3rd bedroom (75K). Bought 2nd property for $259K. Sold properies in sept 2007 and moved in WA . We sold first property in $420K and 2nd one in $296K. Good profit, no capital gain tax in NZ.We bought a property in Feb 20…[Read more]