Recent content by Brazen1

Thanks for the all the advice. It will give me something to think about. regards Mark

Thanks Jamie, The loans are separate, loan one - $297k at 6.99 fixed until March 2012 property valued at $360k loan two - $353k at 7.59% fixed until Oct 2012 property valued at $440k. Would I have to to cross collateralise or have to pay break fees on the fixed loans to get the money...

Another one of those "where do I get the deposit from" questions for the finance gurus. Any advice would be appreciated. I currently own two IP's worth approximately $800k in total for which I receive $755 p/w rental income. I owe approximately $650k on these properties. Both of the existing...

Hi guys, I have three properties in Townsville, all in Riverside Gardens actually. Unfortunately I can't make your meeting as I have recently moved to Canberra. Good luck with everything. Keep me in mind if you have any info or goss on what's happening in the area or good deals on...

I can't speak highly enough of our property managers, Trish and Chris, from Coral Sea Property Services in Townsville. They have been great from day one and always get fantastic rents. I have just put my third IP with them. They communicate well and manage the IP's like they were their own. I...

Thanks Richard. Another $275 to claim from the tax man. Mark

Hello all, A quick tax question. I am converting our current PPOR to an IP in two weeks and I have had a valuation completed so a new cost base is set for CG purposes should I sell this property some time down the track. I have an LOC which I use to pay for all other IP costs on two other...

Hi, I'm about to relocate from North Queensland to Canberra in early January for employment reasons. We are leaving our three investments properties behind in Townsville and we are looking to rent for the next 2-3 years. All part of the long term IP strategy (along with the fact my employer...

Great stuff, thanks for the info. I'll get right onto it.

I am considering buying a one or two bedroom apartment with a secure car parking space in the Spring Hill or Brisbane city area. What are the implications if I make the apartment available for rent without the included car space and I use the car space for my own use (I work in the city)...

This question is a little off the thread but still on depreciation. I purchased my PPOR 2 years ago (5 years old at time of purchase) and I have spent approximately $25,000 on upgrades such as interior / exterior painting, new carpets, new window coverings, two additional a/con split systems...

I have 3 years of a buffer including rent and tax refunds for my 1.3m portfolio, that doesn't take into any increases in rent. Another 18% increase in rents and I'll be neutral so I'm confident I can manage for the next three years or more. As others have said if I had a larger buffer I would...

Poppy, and Adrian and Amber, Thanks for the info it will give me somewhere to start my comparisons. Mark

Hello, Although I have been a regular surfer of Somersoft for sometime now this is my first post. I currently own three IPs in Townsville and I am looking to cut some fat from my holding costs. I have each IP insured with Suncorp which includes house, a small amount of contents insurance, and...