Search results

Continuing on from: http://somersoft.com/forums/showthread.php?p=956126#post956126 Wed 31 October 2012 @ 6.30pm Cafe Buongiorno 145 Parade Norwood Attendees: CJay jim1964 eeho Zeddy firstmillion? Maybes Brady

Hi all I have 2 IPs (1 CBD apartment, 1 detached house in the metro region) and an IP/PPoR (detached house) in the Adelaide metro area. In the future, I want to knock down the IP/PPoR, and build two detached or semi-detached houses on the block of land. My question is how do would you...

A neighbour on my IP is a tradie. We have a fence between our property that needs to be pulled down and replaced due to termite infestation. He has offered to provide labour if I go 50/50 on costs with him. Obviously I am happy to do so, but at the same time I want to make sure that he...

Two months ago I asked my mortgage broker for an indication of my borrowing capacity. He indicated that the budget for my next purchase should be around the $150k mark. After some research, I've been attending opens for properties in the < $150k range. Last weekend I saw one with an asking...

My sorry tale is the result of not knowing better when I bought my first two investment properties. I paid off chunks off the principal as follows: IP #1 Original loan: $216000 Paid down to: $210700 Reval to: $239000 (To purchase IP #3) IP #2 Original loan: $224000 Paid down to...

http://growthandcashflow.com/first200/ I'll be going to the Adelaide one! At the moment it's reading awfully like a spruiker/infomercial, but I could be wrong! Could be some information worth the time. :D

One of my IPs has exhibited limited signs of termite activity. The house generally comprises timber floor, timber joists, strip footings and probable dwarf walls. Structurally I am fairly certain it is still OK, but I have been presented two options for treatment in the tiled kitchen area...

I have 3 properties. IP#1: Bought $278K Revalued and drawn to 80% of $299K for third property purchase Original loan = $222.4K Additional loan amount (refinanced) = $16.8K IP#2: Bought $270K Revalued and drawn to 80% of $292K for third property purchase Original loan = $216K...

If I have say a 3 bedroom house, and rent out 2 of them, can I proportion outgoings like electricity, water, etc based on number of heads. eg Me plus two tenants - therefore 2/3 of the above bills are tax deductible? And yes, I do intend to ask my accountant. I just want to make sure his...

Hi all I have two existing properties, which I am about to refinance to draw on equity and make a third purchase. IP #1 (Apartment) Purchase date: 4/10/07 Purchase price: $278,000 Current valuation: $299,000 Initial loan amount: $224,000 Current loan amount: $210,700 (LVR: 70%)...

We are looking to finance our PPoR with Community First Credit Union. http://www.communityfirst.com.au/default.asp?page=/home Their rates are quite low, and they offer an offset account for their fixed and basic variable rate loans. However, in these times of troubled finance, I am wary...

With the recent upwards start in fixed loan rates, I am going to fix my loans. A bit of background: I have two IPs in the Adelaide CBD and suburbs bought in 2007 and 2008 respectively. I have borrowed amounts of $224,400 and $216,000 respectively. I have paid down the first then redrawn to...

People who are subscribed to this free ezine have been told over the past month of so that a property market crash is occurring/imminent. A few of the articles: What Property Price Crash? http://www.moneymorning.com.au/20090326/will-there-be-a-property-price-crash.html Will the...

Hi guys and gals My partner is looking at purchasing a property in the Melbourne CBD. She's looking at a 2 br/2 bath/1 carpark apartment of around 70 sqm. It finished construction last year. The asking price at the moment is at the $400k mark. Numerically the purchase seems to be...

Hi guys, I just received an email from AllianceCorp advertisting their bus tour: http://www.alliancecorp.com.au/busemail.html Has anyone had experience with them before? To be honest I am not sure about forking out money to hear people spruiking their services. Also I must admit I am...

Hi all I'm about to settle on my first PPOR. I understand loan repayments on a PPOR are not tax deductible, unlike my IP. However what tax implications occur when/if I lease individual rooms out to say, students? Also, does this conflict with having claimed the FHOG/FHBG? I've had a...

I've decided to take advantage of the recent jumps in FHOG and signed a contract to settle on 15 Dec. My problem is the lender is asking for a *certified* contract in order to apply for the FHOG/FHBG. Since contracts were signed via fax (ie I signed a contract and faxed, they signed and...

I am somewhat uneducated still in the ways of property investment, but my partner and I are interested in an apartment in Melbourne. I need an opinion because I have been told that financial advisors tend to hawk their own products, leaving me at a loss really as to who to ask for advice. I...