Recent content by monster24

thanks for the link. I will pass this on to my accountant/lawyer cheers

Hi there, can anyone tell me how captial gain tax is calculated in case of a separation/divorce? Take an IP: value = $440,000, owing = $280,000 (100% owned in the name of the main income for tax purposes) Divorce settlement suggests 50%/50% value when sold - so $80,000 for each...

thanks for all your input. during the day I have agreed with the tenant that they can break the lease if they find another tenant. so, that's good news. the problem with the dog remains. makes me really sick, that people out there breed this type of dangerous dogs. if i imagine our next...

my property manager just called me that our tenants want to break the lease (2 months to go). The reason: The dog from the next door neighbour's has apparently killed their guinea pigs, threatend the cat, got on the property and even threatend the tenants themselves. As this is a serious matter...

thanks for that....yes, I think I agree...option 2 is better. just met with onsite manager of the student. accom. 10 of those units are on the market. basically no real captial gain in the last years. the last sale goes back 2 years as investors seem to avoid. deposit is even 30% and should be...

Hi there, I am looking into buying another investment property. I have selected two options: Option 1: Student accomodation (unit), walking distance to Uni, 46 weeks guaranteed rent, that will at least yield $120 positive cash flow per week. It's considered more a commercial property than...

get a new property manager...

hi there, i have heard that the first home owners grant of $21,000 is not only for "first home owners" but for constructions in general. That means even for investors that are interested to build/rent ? Is that true ? Where can I find further information ? Thanks Thomas

for finding a tenant ... apparently it's in the contract - 1 week rent.. but they haven't explain it to me...wow, even 2 weeks rent are common ? But I don't like it not to be told what I have to pay .... that's not good practice ...can I break the contract with PM at any time or are they...

Hi there, today we got the monthly statement from our PM to see that one week rent was deducted as a kind of finders fee. Okay, I have signed the contract but this charge was not mentioned to me explicitly. Of course I didn't study it in detail so it's kind of my mistatke. However, I think...

Hi VC, I can just tell what we did ..but you have to determine what's best for you. Put in a considerably amount of money into managed funds. Great...we checked morning star rating etc. The best performing fund within the last 5 (!!!!) years was bringing in 25%+....fantastic we thought. We...

thanks for the information. We are actually thinking of changing banks anyway for another deal. So, the idea is to access the $150K+ equity in our first constructed (and soon rented) IP to buy land and construct again inclusive the interest during construction. Do you mean I have to refinance...

Hi there, we have finally finished building our first IP. We got the land (1/2 acre) for a great price, put a nice house on it and tenants are waiting to get in. The process of building was slow (7 months) and we paid interest for the land and increasingly for the build from our daily life...

yes, paying interest during a 7 months construction time for the land and increadingly for the build was tough...we financed that from the daily life which was alright but we are glad that our first contructed IP is ready for handover. The absolute beauty is we are owing only $280K (total) and...

hey land, great story and I like your approach. We are ourself close to handover of our first mini-development IP project ...a nice house on 1/2 acre block ...and tenants are already queing up to get in there ...! Only paid $290K total and the house next door is on the market for $497K...