When you move out and do the final clean, take A LOT of photos to verify condition, cleanliness standards, etc.  Because once you move out and back to your PPOR, photos will be your only evidence of the standard you went to to clean the pretty on exit.  Unfortunately, there are some landlords and PA's out there who make it their business to…[Read more]

You might have more luck with a commercial vehicle, like a ute or a van. That's what we use at work so we get a full deduction, rather than have to use log books to justify usage percentages for sedans, and possible FBT consequences.    Depending on the size and cash flow of you portfolio, your property investments could certainly pay for the car,…[Read more]

Hi Ryan, goodness me you are an early riser on a Sunday!!!  Lol

I agree completely with your comment.  I will often filter my RE searches by 'oldest first'.  What initially may have seemed out of the question can come within the radar after a few months.  Although I am now finding (in my town, anyway) that whereas 6 months ago, the 'old' listings…[Read more]

Hi Sebastian,

No experience with Ironfish, but certainly had a few others try to get their sticky fingers in my purse.  Anyway, at our early stage of the property journey, any knowledge is handy, even if its what not to do, or who not to listen to. <moderator: delete language>

Maybe if a seminar is 'free'' there is an ulterior motive?  Like…[Read more]

Thanks for your words of warning, Jacqui. I have forwarded your comments on to my accountant for his expert advice.  Assuming you are right, I'll just defer the works. Problem solved. 

Practical suggestions for bathroom Reno, anyone?

DON'T SIGN UP FOR ANYTHING!!!!!

even if you have to go with the lame excuse that you need to talk to your partner first and they are currently on safari in deepest darkest Africa and therefore not contactable by phone. 

Hi Jacqui & Matt, 

thanks for your thoughts on there options. Perhaps I didn't explain option 1 well enough – I don't mean I wish to buy the property and subdivide it in my super fund, as I'm now aware that is not possible if there is a loan against the property. The whole point for being subdividable is that once the property has run its useful…[Read more]

Sorry – just re read my post and checked the website – the button you are looking for is bottom RIGHT – not left.

let us know how you go. 

PS I've used the property inspection. Template many times now and it's fantastic when combined with a good set of photos when you are inspecting multiple properties. 

Hi all, I might be able to help.  

1.  Go to the propertyinvesting.com website, and on the home page bottom left, you will see a box called 'register my copy'
2.  Clock on this, enter your details, and an email will be sent to you.
3.  Check your inbox, open the email, and viola! There will be the link to the page with the bonus downloads. They…[Read more]

Congratulations to you and your wife.  I know Charlotte will bring such joy and pleasure to your life.  

Sorry Shahin – that was very rude of me to so quickly dismiss your feedback. 

 Given my previous comment about the market here, I would be most appreciative if you could point me in the right direction with maybe some more specifics in this situation. 

Thank you for your input and have a great weekend. 

Yes but it would probably negotiate the price up. It's under market. The only houses worth less are really crappy weatherboard or hardiplank that are probably riddled with asbestos. 

Thanks for your advice, Claire. Building and Pest inspections will be scheduled for next week, so I definitely have further opportunity – love this suggestion. Also, vendors have agreed to access, but I will make sure it's in the contract as well. 

And will be looking at more properties shortly, so any advice is still welcome and valid.

From one…[Read more]

Hi Jotham,

Lots of good advice here from all these wise, generous and no doubt wealthy people.

You don't mention your age, but I assume you are in your 20's, given that you mention living with family, and don't appear to have any kids.  So you've got a lot of time on your side.

for what it's worth (and its probably not much given I'm only a…[Read more]

Hi Andrew, welcome to the forum.  I'm just a newbie, but will get the ball rolling for you.

Firstly, my condolences to your partner and you on the loss of your Aunt.  <Bouquet>

Secondly, what is the decision criteria being used to assess the property as investment?  Is it just emotional at this stage?  Although it sounds like you are running…[Read more]

Doh! Stupid auto correct!  I meant 'the harder you work……'

Hi Daniel and Jason, it's great to see some youth and enthusiasm here. I went down the education course,I have a BBus Commerce, worked for 3 years in banking (residential and commercial lending) also in accounting for 3 years. And farm financial consulting. I can analyse  a P&L and Balance sheet in my sleep, work with lvrs, budgets, the whole lot.…[Read more]

Hi kesiera, Have you read Steve McKnights books? They detail a strategy similar to what you are planning, and in a very profitable way. It's called vendor financing, and there's at least one forum member who is experienced in these sorts of deals. No doubt they will pop their heads  in at some stage. 

Cheers. 

Hi guys, thanks for the feedback. I will check with my surveyor as to why its so wide. I've checked the council website (rural city of Wangaratta) but can't seem to find anything helpful, so will need to go back to the source. 

Good suggestion to go down driveway side – that might help a lot. 

Thank you for your beautiful post, Nigel. Your daughter has a lovely voice, and there is clearly time and effort spent with the setting, too.  Not being particularly religious, I did not know the origin of this hymn I have sung many times, so your brief rundown of its origin was enough to prompt me to google the lyrics to gain a better…[Read more]