Recent content by CIS

2) Even if students only pay me $10 per quarter for their electricity - and some of them are that little - if they weren't paying for it directly in accordance with usage - i.e. no separate metering - I don't doubt that more to all of them would be more like the top-end readings that are around...

Thanks Perp, Very good point (heating 24/7). Did you have to have to get the accommodation separately metered or was this already done prior to purchase? If so, was this a costly exercise? I'm also looking at installing solar panels for cost reduction. Regards

Thanks HeadsOnBeds, The clientele is students as there is public transport directly in front and the Uni is walking distance. Currently, it is fully tenanted.

Hi all, I am currently looking at purchasing a registered residential rooming house with 7 rooms and currently doing a due diligence exercise. The previous threads are great and I was just wondering if anyone can offer some advice (in 2014) if this is still a profitable venture. Thoughts...

Well, I just sold my PPOR and provided my agent with the reserve. It was sold as "expressions of interest" with a price range and a close out date. All offers we're submitted to me and I made the decision to sell prior to the date. All good. Never would I advertise a fixed price and advise...

I believe so, that's what the agent said. I guess this is my point. Why not just advertise it as an auction? Anyway, the advert has been amended now and is advertised as a private sale, no dollar value.

Well, I thought that it wasted my time, with respect to thinking the vendor was selling at that price and making an effort to look at the place. Thinking about the illegal comment, maybe not so, more in terms of misleading. That's all. Not a big fan of auctions but I believe this...

Hi all, I went to an OFI today and really liked the property. The advert did not say a price range or expressions of interest nor did it say offers above etc. it simply advertised the property as "private sale" with a price of 500k. I advised that I would like to purchase the property...

Here's one for a Sunday afternoon, Scenario: IP Purchase Value: 235k IP Loan: 210k (23k Cash Deposit) IP Current Value: 320k (In short), If i sell the IP, I would be subject to 50% CGT which in this case it would be 320k - 210k = 110k Totalling 55k CGT Now my question is: If I...

Here's a beaut, Agent: best price? Me: 420k Agent: too much, go 418k :confused: Me: No, i would like to make an offer of 420k so ther vendors will agree Agent: I would suggest you go 418k:eek: 418k it was. Seriously???? I would never get this bloke to sell any of my IP's

I see that you have have seen the property as well :) I was thinking the same thing in regards to being undervalued and couldn't understand why there was a significant price variance in comparison to recent and current sales in the area and surrounds until i spoke to the agent. I decided to...

My apologies, recently sold prices in this location were above 370k House sold around the corner for 395k over the weekend 530sqm Owner wants to sell 30days 10% deposit Valued above 350k Court location 14ks from cbd Have till Friday for the deposit or withdrawal :confused: Main concerns...

Hi all, This post is open to all, however it has time constraints. any suggestions welcome, good bad or indifferent. Heres the situation: I have placed an offer for a house in Kealba VIC. Brick Veneer 585 sqm approx 20 squares 4 bedroom 1 x large Living 1 x even larger Rumpus...

Thanks to everyone for their advice and some very good points to take into consideration.

Hi all, Just wondering if anyone can shed some light on this situation. My partner has a PPOR which she lived in for 1 year and is now in it's second year of being rented out (3rd yr in total). If she moves back within the 6 year CGT exemption, is there a minimum amount of time she has to...