Recent content by renomegahn

Thanks for the advice. We are drawing up an agreement, taking a bond and getting paid up front for 12 months rent.

Thanks for the feedback. They are prepared to pay me 12 months up front

Thanks Devank ;-)

Hi guys- I'm 32 and my wife is 27, just had a baby 2 weeks ago. We moved to coastal Victoria around 3 years ago for great career opportunity, sold PPOR back home and purchased home here that we lived in for 6 months before turning it into an IP. We also purchased another PPOR...

I am purchasing an IP from my best friend who wants to rent the property off me for 12-18 months while they build a rural property. I have another IP hat I have managed by a PM however, I find no sense in having this one managed by a PM because of our relationship history. I absolutely listen to...

I have owned my own PPOR for 5 years now and started renting it out 9 months ago. I moved back home with my folks and 2 months ago purchased another house which will be my PPOR when it becomes liveable later in the year. It is a shell and needs massive renovation and extension to become liveable...

so my basic hope is that i dont pay CGT on property 1 as i have the greatest amount of equity in this property and would really like to use this money to fund my next home (will become PPOR). So does it not matter that i originally planned for property number 2 to become my PPOR?

Hi all, have a little dillema that i am unsure about (re-CGT)and thought this is the best place to find out. I purchased my first property (PPOR) 5 years ago and lived at the house until mid last year. I then moved home with my folks and rented it out whilst saving for another...

I am still awaiting confirmation from StGeorge as to whether or not my finance will be approved after 4 weeks and still no answer. I have a PPOR valued at 290k and a loan of 245k. I also have a deposit of 57k. I have signed a contract on a property at $495k. The stamp duty is only 15k because i...

Any thoughts on Pascoe Vale people? I like the area personally, just getting a feel for other peoples opinions on the suburb.

Thanks for your help mate. We do live together however, we are not married and we are not legally defacto- so i guess you could say that in the governments eyes, we are just friends. Once again thanks alot for your help.

Hi guys, i have been a keen viewer of somersoft for a year or so now and love learning from everyone. Both me and my partner are in our mid 20's and just bought our first IP. We have a PPOR that i have owned for 4 years. We are going to move into our IP for 6 months (due to my partner qualifying...

Hi Jo, I can totally see what your saying about doing my research and without writing an essay about the topic- i can assure you that my research was done. I sent the agent an email asking for the estimated sale price just out of curiosity. I thought the property was worth...

Hi all, i have had my finance approved for my first IP but im getting soooo frustrated at wasting my weekends going to auctions that have an estimated price range advertised and then the property being passed in for a much higher price. If a property simply gets sold for way over the estimate...

Cant help you with the figures but i am about to buy in the Oak Park/Pascoe Vale area- i love the area and think it has alot going for it