Recent content by SmiTTy2008

Wondering if anyone have used any builders in the fairfield/cabramatta/liverpool area they'd recommend? im looking to do some minor reno's and fixes around an IP before I sell it off (fixing the roof, kitchen and potentially a new coat of paint). Thank you

Hi SS I have purchased a property, borrowing 80% funds from a bank. Unfortunatley I have not had enough time to top up my PPOR loan for the 20% deposit. Can I borrow 20% from a family member as a commercial agreement (contract etc), then after settlement, top up my PPOR loan for the 20%...

Thanks .. the house is located in the fairfield (NSW) LGA. The place is pretty run down, although there is a long term tenant in place who seems to be happy . Im just not sure if I want to spend the $$ renovating so that it looks a lot more presentable. Comparable sales in the market has...

Hi SS Wanted to get your thoughts on whether it is worthwhile renovating prior to selling. The situation I have is I have a good long term tenant in my IP. Im hoping to sell it early next year to free up some equity that I need .. the place is a little run down, bathroom and kitchen could...

Just stumbled on this thread and its a great help as im in a similar situation. Though i came acrosss this and had to ask... Is it a no-no for rent (or any investment income) to be paid into an offset account that is part of your ppor loan used for investment property? I.e like acct#3 in OPs...

I think OP means saving on interest earned from the deposit saved (rather than stamp duty). In other words, if OP has 50k deposit - that equates to $625 for 3 months at 5%. In any instance, as others have mentioned - just buy the place already. If its not a long term PPOR, the quicker you...

Hi All Need to get your thoughts on what my considerations are : Situation : I've recently sold an IP and have approx 200k to play with. I want to buy a PPOR soon (in about 6 months), Option A : Park the 200k in a high interest account for the time being, and use it as a deposit to...

Thanks for clarifying that everyone .. much appreciated !! =D

Hmm according to this though : http://www.planning.nsw.gov.au/LinkClick.aspx?fileticket=eCNg9MQW0UU%3d&tabid=313 one of the requirements (p2) is that the lot is not subdivided. Thus my question ... :confused:

I believe its across NSW Check this out. it has the details about 450sqm on the bottom of the brochure http://www.planning.nsw.gov.au/LinkClick.aspx?fileticket=JfVMgqkP4yA%3D&tabid=313 Thanks for everyones replies .. =) I might've thought there were some rulings against only having 1...

Hi All Would one be able to build 2x granny flats if : - I had a big block of land that was subdivid-able - I subdivided the block of land, then built a house on each block plus a granny flat on each block Would this be feasible ? What are some of the considerations whether or not...

"the right group" do SW. (rightgroup.com.au) altho their website is under revamp atm. You can attend their tuesday night meetings/catchups at rose hill rydes when they start up again in 2011. place to meet other prop investors, share experiences etc. Nathan Birch posts on this forum...

Hi W0nnie Whats better than a tax deductible ticket? a Half price ticket! Take a look at this: http://www.ozbargain.com.au/node/24113 It appears to be the same show - half price tix applicable for both NSW and Vic

I have an AFR subscription, can post the article but cant find it. if OP can provide more details like the title or something i can search for....

Thanks for the input guys.. will check out the forms and see what happens. Even if I get an accountant to do it this yr .. I do want to eventually learn how to do it just out of interest . Will keep u informed cheers!