Recent content by dafunk

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    Accountants Help!!! I'm nearly under contract

    thanks for the replies i think this situation is actually a blessing in disguise now
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    Accountants Help!!! I'm nearly under contract

    I was planning on calling tomorrow either way It is rushed so i was hoping i'd have some clues/options by tomorrow when i did call My first IP was bought this financial year so there has been no formal interaction with accountants yet
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    Accountants Help!!! I'm nearly under contract

    To the many people wiser than me on this forum thanks for looking As the title says I've had an offer accepted on IP2 that i want to buy We are going through the documents but i havent signed the contract yet I will be funding it with cash in the form of advanced payments or maybe...
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    Firewall Questions

    thanks for replies! yes its a bit of a weird one we're trying to live rent free for a while to get a couple more IP's under the belt we want to live in it but it was only ever going to be for a few years tops ideally we'd build a granny flat in the mean time but I can't see me having a...
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    Firewall Questions

    I've been trying to find out some exact information about fire separation for dual occupancy and what I've found is sketchy at best. Has anyone successfully done one and lived to tell the tale? Is there a square meter rate for fire rated gyprock? What are the requirements and who am i meant...
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    Giving your offer a deadline

    I used an expiry last week unsuccessfully and again this week with what would be considered quite a low offer that worked The agent came back to me saying you're close and you should add 10k more. I said my offer is the still the same as I've offered elsewhere as well (which was true) and...
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    Building a Property Portfolio - Mid 20's

    Great to hear! I was alerted to this thread by a fellow "young" investor Great to hear about other "young" investors out there and their stories I say keep your chin up, I mean was it ever a reasonable expectation to have your first IP be the best buy ever? Of course not, you learn and build...
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    HELP Living in a dual occ IP?

    So what is the illegal bit? No I don't have a PPOR I am currently renting and have an interstate IP. I've spoken to a couple accountants and it seems like a very grey area all round From financing it with IP equity and offset money for non investment purposes (ie a PPOR) to losing a good...
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    HELP Living in a dual occ IP?

    Thanks for the fast responses! The metering is the part i know least about. What steps/approvals are required to get a meter installed? I've spoken to council and they are saying they would not retrospectively approve a converted granny flat If this is the case what are my options...
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    HELP Living in a dual occ IP?

    Hi Everyone, i'm not sure if this is the right part of the forum to post this question so forgive me if it should be elsewhere. I stumbled across a house with a converted "granny flat". For the first time ever the granny flat wasn't wishful thinking and something entirely finished...
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    Moving to Sydney

    Wondering how the OP went with his property hunt in Sydney? Who knew you could get so little for 700k in these parts of Sydney
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    If you had only 250k to buy a house, where would it be and why?

    i'm assuming you're talking about 250k borrowing capacity or about 38k in cash
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    If you had only 250k to buy a house, where would it be and why?

    256k i thought it was a lot at the time now i know it was a bargain lol -Savanna100 i once had breakfast in Warrnambool before we did the great ocean drive it was delicious :) great to hear so many people finding great investments everywhere!
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    If you had only 250k to buy a house, where would it be and why?

    this was the house http://stmarys.ljhooker.com.au/BXNF7D land wasn't very big and there wasn't a garage
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    Timing of where to buy SA or NSW?

    Wondering if there are any updates on this thread? Did anybody end up buying in the area? I noticed the 2 houses mentioned are still on the market
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