Thank you for your replies.I have considered the easy release type stick on hooks but I've had problems with these in the past.  Admittedly on tiles in a bathroom.  I'm not sure if this is the type James and Ryan are talking about.  Thanks thecrest.  A limit on the amount is a good idea.  And Catalyst I think I will put them up myself, some types…[Read more]

Thanks Richard,I have had this loan setup for 6 years and it has been working well for me.But I will consider other options when I purchase my next IP.I am just throwing something up as a suggestion to save Gobsospace some money over time.I would be just as interested as Gob to see a better structure thanks.Zig

Not a suggestion but for your consideration.Since you are going to rent the place eventually I guess you will purchase another property to live in.In which case you will probably end up with no cash to offset against the loan for the original property you lived in which then becomes the rental.I have a St George Portfolio loan for my rental…[Read more]

Hi Young I.I am far from an expert in these matters but I will try to get the ball rolling here.I'm guessing you intend to use credit for your deposit.  The banks most likely won't accept this, and for good reason.  If you can't save for a deposit, you will most likely struggle to pay the two lots of interest and could end up owing more than you o…[Read more]

Hi Lopetha, I suggest compact fluoros if you're going for down lights.  You can use the same holes in the ceiling.  But if you want to stick with the old fittings to save money you should get an electrician to do the job, bad wiring is dangerous.  But get a few quotes.If anyone sees incorrect information here please make a post informing so.  I&#0…[Read more]

Thanks MargConsidering seasons for lease periods sounds like good advice.

Hi Maree,Yeh.  I thought about the water storage idea, but it would meen puting a trafficable cover over a huge surface area with supports protruding to the bottom surface of the pool.   I'm not sure that's the way I want to go.  Thanks anyway, it's a good thought though.

Thank you JL.  You have been very helpful and I'll take your advice seriously.Good luck with your investing.CheersZig

Thanks for your feedback Scott.  I'll Check with my insurance company on whether the normal public liability covers pools.  I know I'll most likely have to have someone maintain it regularly.  I just wondered if anyone that owned a rental with a pool might identify some other issues.

Yeh, I think I’m full bottle now.

I guess thats a good reason not to sink too much of your own money into any property.

Thanks heaps for your time Rikky.

Cheers Zig [upsidedown]

You can get greater tax deductions through building write off from the newer property, (it cost more to build), also items can be depreciated for more deductions, unless there is new stuff in the older property. the newer property should go longer before maintenance and repaint, unless this has just been done to the older place.

Having said that…[Read more]

Just to clarify, the “capital allowance” I’m refering to is the building construction cost write off.

Hi T-man

I fairly inexperienced myself, so regard my advice accordingly.

Having the land in your name will incur costs. Make sure you get these back from your father-in-law.

I’d see an accountant, (who invests in property), and ask him about the renting implications under these circumstances.

It sounds like a good idea to me, but when you…[Read more]