Recent content by Alex1

I sorted by going to see him (after giving 2 days notice). He tried to fob me off saying he was really busy with and a client was about to arrive, perfect said I, let's sort this now otherwise I'll stay here until we do. Out came the diary and the mistake was picked up in about 30 seconds. A...

So he has overcharged me. He had added a 0.5 as a 5.0 which brought my return from 5.0 hours to 9.5 Not a great look for an accountant! Thanks for all the helpful advice. Alex

Thanks got the great replies, definitely need a new accountant. It's a mum and dad operation and I have been happy with the service and never questioned fees before. I have no agreement with them and very little evidence to back up my case (he says it took 9 hours, I can question but can't...

My wife and I Have been using the same accountant for the last 6 years and had a good relationship with him until this year. He has charged me over $1000 for my tax return. I have questioned it and he is adamant he hasn't overcharged and it took him 9 hours to complete. I believe this to be...

We are seeing a boom here right? If so, Warren Buffet would be saying to sell up and get cashed up and wait for the correction. Any thoughts when this will come? My thoughts are at the first sign of interest rates rising, the 'craziness' will leave the market, and when rates get back to the...

I understand your point, compounding increases win. But genuine question - If you could only afford 800k of property- would you purchase something for 800k with interest of $800 per week returning $600pw with growth of 8% Or 4x $200k properties interest of $800pw returning $1100pw...

All great advice, thanks. I like to look at each potential property purchase and how it will compliment the overall portfolio (to be created overtime). Ideally, I'd like to end up with a couple of rose bay properties being funded by my renovated housing commission properties with a granny...

Hi all, I'm after some explanations/your experiances/outside the square thinking... How do investors on PAYG salaries continue to purchase Investment properties? Specifically, If a couple on a combined income of $150k wanted to save 10% deposits and purchase (over time) a portfolio of...

I made an offer recently on a property, sight unseen, but -I know the area and have used Investar to give me a good idea of what the rest of the street has sold for -it's definitely a buyers market, and the vendor wants a fast sale and is in some form of distress. I faxed a copy of the...

It can be done by almost anyone with a saw, its not really something a apprentice needs to do 4 years of study for. Where are you purchasing your floor from? Get them to install (via their contractors) so that product AND install job is covered by warranty. I was pleasantly surprised when I had...

I did this recently in a PPOR apartment, I originally wanted floating timber and was budgeting on a top end product but ended up getting a great looking "vintage oak" laminate after comparing them all. Its longer and wider (2m long, 250mm wide) then most which I think looks more realistic, and...

Wagga - lots of $200k properties with rents of around $250-270pw, and they arnt the real cheapies in worst streets. As diverse as a regional can get with defence, uni, agricultural and govt jobs available. Alex

How do you calculate this property to be positive? Have you considered ongoing fees like management fees, insurance and rates and what do you allow for maintenance and vacancy?? Although it is a good return, if you are buying with the thought it will make you money instead of costing you money...

My company has a contract there and I stay there regularly, was there last week and my observations - Old building, i believe it was a conference centre previously but I think from looking at the fire escape plan may have been built as school camp accommodation with dormitories and communal...

Terry, Thanks very much for your advice. I will borrow enough to cover Reno and establish a LOC. Thanks for the tip regarding the book, much appreciated. Alex