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Not quite dve009. When you refinance, you will then refinance for the amount that is equivalent to the investment amount, and cough up money equivalent to your personal loan portion to "settle" off the total loan... ... You can't just refinance for the total loan amount (investment +...

Hi dve009, yes, that is correct. It can be done, just that portion of it is not tax deductible. My accountant always tells me not to "taint" your investment loans, but there might be valid reasons for you to do that, i.e. much lower interest rates on the investment loans compared to your...

Oooo.... dangerous, as the purpose of that portion of the loan (amount from your IP loan) is for personal purposes, and not investment... ....

Hi Tex, My guess is that it boils down to the property manager, and his/her screening process. My Goodna property was my first ever investment property, and back then I was eager to have a tenant placed in that property from the word go. However, my property manager advised me to...

Hi Tex, Welcome to SS, and I am sure you will find lots of information that will help you in quest for information on investment properties. Let us know in detail as to what aspects of information you are after in relation to investment properties in Goodna. I will start the ball...

Hi Willair, Thanks for the suggestions of things to look out for, as I have missed a few of your suggested queries to ask. The granny was built together with the main house, and I have made assumptions that the specs of the granny has been approved by Council. However, I will ensure that...

Hi all, Finally decided to continue with negotiations on the property. Contract concluded after some haggling. Some brief figures of the property:- Location - Beenleigh Area - 654 sqm (house with granny) price - $358,000 Rented - main house ($265) & granny ($190) = $455 / week Age...

Hi all, Just wanting to find out everyone's views on buying an investment property that is backing to an industrial estate. I am currently looking at an investment property in Beenleigh, Queensland, and it appears to be good in all aspects, except for its proximity to industrial estate...

Hi, I guess this is one of the "problems" in life that you don't need right now, and I understand that it causes unnecessary stress. Personally, I do not think it is correct (in principle) to pay up and shut up for something that you have not done. If you are comfortable with addressing...

Same dilemma here. I actually gave my mortgage broker a call last week to put the settlement of refinancing on abeyance. Had a further talk with my mortgage broker earlier this morning and he has indicated that there is a window of 2 months for me to consider whether to proceed to settle the...

Hi Bludger, I am not sure if your conveyancer can actually even lodge a caveat against the title of the property, as it is likely that the caveat will have to be supported by the ground that there is a need for status quo pending some judicial determination of rights. I would agree with...

Hi Developa, I have a 3 BR house in Gooda, and the current rental is $225/wk. I went to my property manager 2 months ago, and asked for an indication as to what the market rate might be, and I was told that she will raise the rental to $265/wk commencing Oct / Nov 2008 when the current...

Sold a PPoR (unit) in 2004, after holding the unit for about 1 year, and made a little bit of profit there. Sold an IP in early 2006, as I thought the property was faring really badly in terms of capital growth and returns, and the tenants had literally trashed the place. Really slack PM was...

Ahhh... there you go, well done. I must have been ill-advised about it last year.

I have heard of such service, where the water truck would fill up pools and water tank for a price, but when I was trying to get my own rain water tank filled last June, I was told that they don't do it in Brisbane now. I was informed that such service might be available in outer areas, but not...

Agreed. One of my IP purchased in 2005 was advertised for $207K, and having done some research on the past sales around 1/2 km radius of the target property, I thought, I should start my offer on a very low starting price of $175K. One day after the offer was made on the contract, I nearly...

Hahahaha..... deal. ;) Way cheaper than mentoring program, eh? But on a serious note, I will be starting to join in the gathering that is held in Brissy and that might give some ideas to kick start my journey in property investment. Regards, LC

Coopers Plains, QLD March 08 - increased from $340/wk to $365/wk = 7.4% Goodna, QLD Oct 08 - due for increase (as suggested by pm) from $225/wk to $265/wk = 17.7%

Hi, Just wanting to chip in my thoughts. Being new to property investment, over the last 2 months I have spent hours and hours reading books and forums in front of the computer, identifying potential properties, working out the cashflow, checking on the target suburbs (in terms of...