prepare to change from ppor to ip

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appg2
Participant
@appg2
Join Date: 2013
Post Count: 10
July 10, 2014 - 11:24 am
Hi All,
Thanks for your help with my other threads. I have decided to move out of own apartment to a rental for 6 months and think what to do in the time.
I am moving in 2 days and only now realised there maybe lot of things to prepare to change my ppor to IP. I have listed things I think are required but not sure I have got it right. Would appreciate your recommendations as well
1. Arrange for depreciation report from Quantity surveyor – quotes are in $700 range. Is that reasonable?
2. Loan structure – revisit. Not sure who I should go to for this.
3. Accountant – good with property stuff? Any recommendations in Brisbane would be great.
Can accountant do no.2 as well? Or that has to be someone else?
4. Inform bank to about change?
5. Do I have to inform council?
Richard Taylor
Participant
@qlds007
Join Date: 2003
Post Count: 12,024
July 10, 2014 - 10:16 pm
Hi appg
Point 1 – bang on
Point 2 – Your Broker / Bank should help here.
Point 3 – If you will go as far as the Gold Coast (You can claim the travel cost) let me know and I can recommend someone.
Point 4 – No need to do this however you will need to change your postal address.
Point 5 – No other than the address. In Brisbane you will be rates slightly differently anyway so they will be very happy to hear from you.
Cheers
Yours in Finance
- This reply was modified 10 years, 5 months ago by Richard Taylor.
Richard Taylor | Australia's leading private lender
Colin Rice
Participant
@fms
Join Date: 2011
Post Count: 338
July 29, 2014 - 1:12 am
1. Reasonable and quality does vary so go with a recommendation from someone who is “in the know”.
2. Broker that understands IP loan structures. Most on here will be able to assist.
3. Go with Richards recommendation.
I find many accountants are clueless in loan structures and often give the opposite advice required.
You will find some good advice in regards to your scenario on this forum if you do a search.
4. IP savvy Broker can do this on your behalf. Get a mail redirection in place so you don’t miss final utility bills etc.
Handy Aust Post link should help: http://auspost.com.au/parcels-mail/notify-organisations-of-your-new-address.html?ecid=sem-adl-ggl-nbr—par-bau–mrso-49607770&s_kwcid=AL!3788!3!38715515976!p!!g!!changing%20address&ef_id=U4LaTgAABNMCBlOA:20140728150954:s
5. As per Richards advice.
- This reply was modified 10 years, 5 months ago by Colin Rice.
Colin Rice | CDR Finance
http://cdrfinance.com.au/
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Perth Based Mortgage Broker - Investment Property Finance Specialist | E: [email protected]