Recent content by SupaRex

I can't add anything that hasn't already been said. Obviously 'thank you' doesn't really cut it, but that's all I can think of. See you on the other side (www.propertychat.com.au) :)

Hi All, Apologies if this post is in the wrong place. Paying tradies cash in hand. Is it worth it? Unless I'm missing something, unless the tradies discount is more than 30%, I'm better off getting the work done "legit" with a receipt for tax purposes. Sorry, but I'm posting in a...

Thanks for sharing Michael. If this was Facebook, I'd "like" this post ;-)

With respect, I'd call that "Renovating". Developing property is creating new property.

Hello, Just wondering if it wouldn't be worth having a "Developer" or "Development" section? Cheers, SupaRex

Hi Euro, Thanks for the post, very interesting. Just wondering why you don't favour ITWV's? Cheers, SupaRex

I second this!

3rd Peter Tersteeg (PT Bear).

Hello, My old man has in investment property in Clunes (regional Victoria). Currently, the property is managed by AAG, but they are hopeless. Can anyone recommend a PM for Clunes? Many thanks and kind regards, Brad

Once you begin the online version, you can save your progress and print the form (as a PDF if you like).

Hello all, I'm about to lease a property and the tenant has agreed to pay the full 12 months rent up front. I'm just wondering how to account for this on next financial years ITWV. I've rung the ATO, but it was too hard a question for they front line people, so now I'm waiting for a call...

This is what I was wondering (but said better/clearer than I could). Thanks for your replies Aaron.

Thanks Peter, Yes, I do make a few assumptions about equity, but I guess I was trying to illustrate a point mainly. I agree wholeheartedly about it being tricky to uncross now, but even harder later on. I do intend on letting all my loans that are fixed 'expire' and go variable. Cheers.

Hello my fellow somersofters :) I need some help clearing up my understanding. When I was a young naive investor, I simply bought a property, waited for the equity to build up, then used the equity as security to purchase my next IP. The NAB (who I have all my loans with) were more...

I own an IP in F'ton South. Not the flashy bit on Olivers Hill, but in a 'nice-ish' part. So far, I've been lucky, with no bad tenants. I've had to drop the rent once, but it has also gone up over time (the majority of times). I consider the RIGHT parts of Frankston a GREAT investment...