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I know this is probably a pie dream, BUT a friend has told me that there is available somewhere( and he does not know where) a form of insurance that can be taken out against an IP being vacant. i have also heard this mentioned on a giveaway CD put out by 'La Trobe Property Research' based in...

One for the gurus. My preferred method of investing is + cash flow. I therefore take advantage of depreciation.Before getting in a QS I need to have a rough idea (ballpark figure) of what the building depreciation will be. If my ballpark figure for depreciation, together with all the other...

Thanks to all for the feed back. Are there any areas in Gladstne that I need to avoid - low lying etc. towil

Hi all was interesting to read the previous thread on westpac Ourpremier package on a Equity Acess Plan 2 Rate (whatever that means) taken out on 28 April2003 had an initial rate of 6.17% (incl a .5%discount) on a loan amount of 170k. Where do you blokes get a 5.97% rate?? The rate...

Thanks for that Dave. I will follow up on those leads. It's just another example of how helpful the forumites are!!! towil

1.Age 54 wife 47 2.Was school teacher- now massage therapist and house 3.husband, wife school teacher 4. me 1700 wife 58000 5.married (obviously) 2 kids 8and 9 6.first IP May 2003 -16k to go on the PPOR A query for abcdiamond you said your first IP was in Jan 2003 and you...

Well done Ella !!!!!!! Don't be surprised if you take a while to recoup all the emotional energy spent in buying the first one. I bought our first IP in may and have just this week returned to the forum - and am now looking for IP 2 And when you recover, go for number 2 towil

Thanks see-change and Dave I am looking for something around the 150k that will give good rental returns, so I will do some more research. thanks for the email for local paper dave Do you know if the big companies rent property for their staff? thnks towil

Hi all am startinmg research for our 2nd IP Have just trawled "where to buy" and can't find any posts on Gladstone . Have I missed any? Are there any threads on Gladstone. I know the boom there started a year or so ago, but still want to research the area. Will do google search...

Hi all Its been a while since I have written.- probably the aftermath of buying our first IP- suppose it was pretty intense and used up a lot of emotional energy. Firstly I want to thank all those who answered my queries in the forum, and who gave encouragement to have a go. Thought I...

Hi Sam I would also give mross- a poster to the forum a chance to do your QS. I have seen one of his reports and it is excellent. Cost of $500 included site survey and gave depreciation over 10 years. Michael gives advice on the forum and advised me on a previous QS that A QS n South...

Hi Nicholas I have just signed the co tact for my first IP which is in regional SA. Vendor lives in Qld. It was a private sale. I did everything by phgone and internet. Used Yellow Pages Online andFound a conveyancer in SA on the net, as with the QS ( that was my only disaster) pest...

hi mross thanks for looking over my deprec schedule. Your comments and assistance have shown me just how poorly the one I had done is. It just shows one of the difficulties in choosing a professional when your IP is interstate and you don,t consult the forum first. But this all...

Hi all I am almost at the state of paralysis- and so close to finalising my first IP Since my 1st question about trusts I could so easily have done more research on them thab I have. Replies to my queries have indicated that a trust would be the better way to go. My plan is to have...

Hi Dale Thanks I had a feeling that would be the case. Then I should declare it on my tax return ? Is that right. towil

Hi Another question for the Gurus. If an IP is in my wife's name and I am acting as her agent in everything to do with the property can I make the inspection trip to the property and my wife claim the expenses involved without paying me. Thanks in advance. towil

Sunstone What if I keep the 1st IP out of the trust? I am pretty close to finalising the IP and feel I dont have time to get my head around trusts. From what I have read there are quite a few aspects to be sure about. towil

Hi all I had a QS in Adelaide prepare a deprec. schedule on an IP in regional SA. He did not visit the IP because of distance - i was ok with that. He was provided with a floor plan, building completion form, DA approvals for a pergola and pool that were put in after construction. He...

Hi Sim and Dale Luckily I already have an SA Conveyancer. Have decided that I nned to find out more about trusts and tof feel comfortable with one. Am looking into finding a good IP accountant locally - one recommended by a mortgage broker ( I am not getting a loan through the broker...

Thank you Sim and Mike. Appreciate your helpfulness towil