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  1. Y

    Will you buy an IP based on land size or location?

    Hi Guys Thank you all for the comments. My understanding now is that I should go for a better location than the land size in relation to this option. I understand that these suburbs do not have that much growth history but with a budget lower than 300 k, they are the affordable ones for an...
  2. Y

    Will you buy an IP based on land size or location?

    Dear all I posted this before but did not get any response. May be my post was very specific. So, i am trying it again: I have a budget of aroud $330k to spend on another IP. With this, I can buy a 3 bedroom house in hoppers crossing with a land size of 600sq or a 3 bedroom house in Altona...
  3. Y

    Altona Meadows or Hoppers Crossing?

    Hi guys I have a budget of aroud $330k to spend on another IP. With this, I can buy a 3 bedroom house in hoppers crossing with a land size of 600sq or a 3 bedroom house in Altona meadows with the land size of 300 5q. Considering that Altona meadows is both closer to the beach and the city...
  4. Y

    what does a body corporate really do?

    Dear Scot and Y-Man Thank you both for the detailed information about BC. I trying to get myself familiarised with it and digest paying $580 every three months that I did not include it in the list of expenses! Tanks again guys.
  5. Y

    what does a body corporate really do?

    Dear all Recently I bought a unit in Laverton and later on found out that it had a body corporate. The selling agent said it did not and it was not in section 32. I recieved an invoice of $580 for three months from the so called body corporate. I realised they charge this money for doing...
  6. Y

    No building inspection

    Hi everyone I need your advice on this please. I have found a nice 3 Bedroom house with a bargain price. I inspected it. Could not find any obvious damp, heave, movement , etc. There was a small crack on the ceiling of a bedroom. I wanted to make an offer subject to building and pest...
  7. Y

    looking for tradesmen in Melbourn west

    Thanks Jamie and Hodge. Sure, I will remember to get the contacts from you.
  8. Y

    looking for tradesmen in Melbourn west

    Hi guys I am back in the market two years after I sold my IPs. This week I bought two IPs to start with. Before, I used to do all the maintenance job through the agent and it was costly, as they would charge a big fee even for changing a door nub. Now, I have decided to do the maintenance...
  9. Y

    Buying IPs after 50?

    Thanks for the encouragement Thanks guys first of all sorry for the typo (poverty for property). It is again a sign of being over 50! And thank for the encouraging words. I think as long as it is not for greed, I will be allright. I enjoy PI as a hobby and eventualy the CG will go towards...
  10. Y

    Buying IPs after 50?

    Dear all I need your advise in getting into poverty investment again. I had some IPs but I sold them a couple of years ago because of divorce settlement. Now, I have got up to 200k in the bank and I want to put it towards the deposit for buying new of IPs. Do you think it is too old for (52...
  11. Y

    A very expensive light!

    Hi Ace, In the invoice it says that a fault light. I may need to go back to the agent and ask it was light fitting too.
  12. Y

    A very expensive light!

    No, it is not in the contract. They said just they could not contact me. As you said the money is spent already and I suppose I should ask them to call me next time.
  13. Y

    A very expensive light!

    Yes, $80 for the service all and $ 80 for the job.
  14. Y

    A very expensive light!

    Hi guys I have received an invoice from my agent for my IP(which has already been deducted from the rent) for $160. It is from an electrician for changing the light which was apparently burnt up in the kitchen. They did not ask me for this as they say they called me but could not find me...
  15. Y

    any harm in borrowing from unknown lenders?

    Thanks for the hints Peter.
  16. Y

    any harm in borrowing from unknown lenders?

    Thanks guys for the feedback s. Now you made me scared of going direct to those unknown lenders. I suppose for novices like me it is better to go either to my bank or a mortgage broker.
  17. Y

    any harm in borrowing from unknown lenders?

    Hi there I am going to borrow for my third IP after years! and I have found a lender (WAW Credit Union) it's rate is %6 compared to my Bank's which is %6.99 for variable interest only loan. I have already got offset account and other facilities with my other bank. I am wondering if there is...
  18. Y

    Should I claim or not?

    Thank you all guys for all the input. I got the police report from the agent today, but not much information just saying that a theft but nothing stolen and the glasses was broken. As I understand from your comments, I have no choice to pay for this. I will try to claim the $300 from the...
  19. Y

    Should I claim or not?

    Last week, my PM called and said that some people broke whole the window glasses in my IP and the tenant had called the police. I am not sure what happened and if the guy who broke the windows had a specific problem with the tenant or not. But apperently it is the landlord and not the tenant...
  20. Y

    back dating contract

    Hi all My firends wnats to buy a new house. the builder suggeted if he makes a better offer, he will back date the contract and he will save $7000 on stam duty. Does this have any legal issue for the buyer? Thanks, Yadeh
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