Recent content by poidda

The rental market is slow. We've got IPs in Morningside and it's the first time one has been empty for over 7 years and it's been emtpy for 6 weeks now. I'd be keeping hold of a a good long term tenant for sure.

Yeah sure. It's just not the company set up, but we also have specific legal costs etc.

I probably worded this wrong. The idea is to use a LOC to pay for the company setup costs rather then our own money. And then repay this LOC with the companies income. I'm not talking about making the costs deductible against our current personal tax. If that makes sense?

Yes, this is the idea. Say in costs us $10K to set up the company in legals etc. 3 months later we start getting income. The idea is we get a LOC for 15K to pay for the initial $10K and have 5K spare for other expenses in the mean time, compounding the interest. First 15K income, can clear...

Hi, I have searched the forum without any luck. I am in the process of setting up a company as a side project to my current job. As there are costs in doing so, I want to be able to make these costs deductible from Day 1. Things like accountant fees, lawyers, etc etc. As I'd prefer to...

Because I've never been late before and thought seeing it was a discount, being slightly late still was OK. As I said, I'm fine with paying the discount. My bad. It's the money grab by the Management Company that I refuse to pay. If they can justify their fees, than they can go through the...

Can someone tell me if the BC Management company can charge additional fees that aren't set out in the AGM? I am in the situation where I was 2 weeks late (for the first time ever) on paying my levies due to unforeseen circumstances. I paid the levies asap without the need for a reminder...

Cheers for all the input. All our renos can be classed as minor as we're just putting in an en-suite and a small covered deck. From all the documentation we I can fine, we will be within code still so it will be self assessed. I will call the council and see if I can get a straight answer...

Hi, I'm about to do some renos in my PPOR and as it turns out it's on a small lot. It's 809m2, but only has an average width of less than 15m being 10m*80m. It turns out I may be in luck being on a small Lot as a lot of council permits are not required. Can someone shed some light on...

Yeah she was manipulated to the point she was told "don't tell your kids about this" by the scammer. It is sad that some people are so trusting, but there are complete a-holes out there.

MORE INFORMATION: As it turns out, the signing over of the property happened 12 months ago, and it is only now the old dear found out there was a problem as the bank came knocking on the door.

Yes that's exactly what I was thinking myself. Who witnessed the signature?!?! I will find out.

OK, before I even start I will point out how idiotic this situation is, but hey it's happened. Our neighbours mother has signed over her house to "a long time friend" who went and mortgaged the house, and then declared bankrupt. As a result, the bank is knocking on the door, and given...

So just to be clear on this. If I live in a Low Density Residential Area in Brisbane, can rent build a Granny Flat and rent it out? I am looking at a house at the moment which has the option to build in underneath. If I bought this place, could I build a completely separate granny flat...

A bit off topic, but has anyone ever sold a property themselves. ie, had the photos taken professionally and put it online? I'm guessing 95% of buyers use online websites these days.