Recent content by Flossy

Further to this, Alan at Propertunity worked his bum off, for no addtional charge, finding another suitable property for me to buy. He even bid for me at the auction and did the final inspection.

13B Grey Street, Wallsend I thought I'd post a summary and final update on my unfortunate first foray into property investment. Hunter Water was unwilling to disclose full details but told us the water and sewer connections to the 3 properties at 13 Gray Street were non-complying so they...

Adelaide Gathering Hi, I'm considering coming to this meeting but might chicken out so would some of you Ade people please recommend accountants in Adelaide that are experienced in property investing. I'm about to settle on first IP interstate but have been reading these forums and other...

Thanks for the tip, I found the Depreciator website and downloaded the free eBook. Excellent information and fairly easy to understand even for a novice. I will give Depreciator a call to organise the initial report. It sounds like I will not be able to claim initial repairs or improvements...

Depreciation Report - Before or after Reno's? I am in the same position: Buying a house but before letting the tenants in I will convert a room for 3rd bedroom, polish and replace floors and paint inside and out. Most will be immprovement but some of the work will be repairs. In a few...

Building Inspection Also, this line of discussion has made me wonder if the building inspection should have picked up the odd water meter placement, lack of an electricity meter or sewer connection?

If it comes to that, it would be much appreciated but the outcome we are looking for is for the 'non disclosing', to put it politely, vendor to pay me for the buyers agent and the mortgage broker fees. It only seems fair that they should not be out of pocket for their wasted time but I'm not...

Exactly right, the issues came to light when we requested a final account from the water corporation. The electricity aurthority claims no interest in where electricity meters are but my conveyancer was very interested for the above mentioned reasons. Thanks, P.S. I am changing my name! ;)

Buyers Agent Hello Marg, I had to pay the buyers agent on exchange of contracts. Possibly he should have noticed irregularities such as no electricity meter on the house and no water meter at the street. The fact that there is a water meter at the house could be deceptive unless you know...

Hello Terry, $10,000 includes the Buying Agent and the Mortgage Broker, Pest and Building Inspections and Conveyancing. These are costs I will have again, if and when I am confident enough to try again so I feel it is reasonable for the vendor to reimburse me. I wanted to buy around...

Vendor paying purchasers out of pocket expenses. I was wondering if it has ever happened or am I dreaming. I'm claiming over $10,000 which is the cost to date of finding the property, finance and conveyancing. I don't know what the legal costs will be yet but intend to claim that.

I am in the process of rescinding the contract for my first IP. This link is to my previous post when this was looking likely. http://somersoft.com/forums/showthread.php?t=95290 1/ There are outstanding sewer and water works for the subdivisions to be completed. These works could come in...

I may be using the wrong terminology in saying 'cancel' a contract and have no idea how it is done. I haven't heard from the conveyancer today but advised her yesterday that if the problem isn't resolved tomorrow, I will be handing over to a solicitor. Also I realise I need a solicitor if I...

Still hoping to buy this house. My daughter and one of her housemates are looking for another rental house to move into on the weekend. She still wants to rent this house from me in the future but he doesn't want to move again so there goes a great tenant. If the tenants I had lined up can...

Progress today (or lack there of) My conveyancer still has not been able to speak to Hunter Water Corporation. My daughter has spoken to council and they stated that they have no interest in where the electricity meter is located. Likewise AUSgrid, provided each house has a seperate meter...