Well, this is all food for thought. Hybrid Trusts are very complicated. There are a lot of things to consider. You need to see a good accountant and one that KNOWS about property. On running my meetings for 4 years, and investing in property for 18 years, I have come across many accountants and most dont understand properly about property. Find a good one. I know only a handful out of 1000s.
Terry has given you lots of useful information here.

kateej03 wrote:

Thanks for everyones comments
We have decided to do what we did with our first house. Buy/renovate/hold and then use the equity to buy more and sell after a year or two. Hopefully it works out!

Good on you Kateej03. I am sure it will work out for you.

Well Engelo, you asked for opinions and you got them!
Well done I say. Good luck to you.
There is no one size fits all – its what is right for YOU.

Hi Jamie et al,
What??!! You picked up a flat white kitchen for ONLY $4.50? Good on you!! Can you ship those around Australia for us?
I used to say with my manager: “You do so much business when you’re not doing business”. Yep, Bunnings and Maccas can provide us so much information for free.
Oh and I used to love the telephone directory to see what is happening in a rural town..shame about that one.
AND as ever I LOVE this forum for free too!

Yes, I am with thecrest- cant see it being in the Landlords favour. Having been an agent, a tenant who took her landlord to VCAT – and won, and a landlord myself, I cant see this being in the landlords favour. It sounds like there more likely an issue with water from somewhere. My land lord tied to stick me with all sorts of things but she had to pay me in the end. I would also suggest that a “bond” is not likely to cover the cost of repairs. And what are you going to do if the tenant IS found to be guilty and has to pay you for repairs and has no money?
Insure the premise and sleep at night. It is really not worth the bother.

Now let me tell you a story about my sister in law who DID insure………………

Yep, Christianb is right- anything is always possible- its just then is how much will it cost and is this worth it? Council is always a good place to start. if you are a novice, you want the least complications as possible.
Happy investing!

Great Mike, many thanks for this.

Sare, best thing I can suggest as Sonya has suggested is – call Jodie Baker -Broker- women who knows what to do, has seen it all and been there and done that. As Above: Jodie- Broker on 0431229929.
You should be able to get legal aid of some kind, or legal advice from what we call in Victoria – Consumer Affairs.
Its not about what the “appraisals” say- its about you standing your ground. An appraisal is one thing, but “market value” is what the market is willing to pay. Push him to sell and split the dividend. Not to be nasty or “tit-for tat” but to get a result.
I think I said it before and I will say again: You should not walk away with nothing from this- but it is up to you to understand your rights and stand your ground.

Best you get advice on YOUR particular scenario from an accountant who KNOWS property- not just any old accountant. And, yes you will get varying responses from accountants. Get a good one.