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  1. buckerooni

    Nextdoor - sell together or buy/develop/sell?

    Hi All, (have seen the recent thread on a similar topic - didn't want to threadjack!) Background: purchased house in 2010 as IP with a view to PPOR. Made it PPOR in July, the missus' not entirely happy with the area so looking at ways to allow us to sell up & buy elsewhere without financially...
  2. buckerooni

    house restumped previously, just need levelling?

    Hi All, We've recently moved into our PPOR and have noticed (the tenants too) that there's broken plaster (cal bungalow circa 1930) and some cracks and doors that swing away from the central hallway. Biggest crack is 1.5m long in the corner of the house and multiple examples of cracked...
  3. buckerooni

    Leaving a rental, being taken to VCAT for damage - experiences?

    Hi All, The shoe is on the other foot with this one! Damaged door that was present upon occupancy but was not captured on condition report, now we're being asked to pay the $250 repair cost. The situation: - did not highlight damage on condition report (was not returned as it looked...
  4. buckerooni

    Adding to existing extension, unsure if orig work had permit. Advice pls.

    Hi All, My soon-to-be-PPOR 1930's cal bungalow has at some point in the 70-80's been extended out the back. We would like to add another 3sqm to make an existing space big enough to turn into a bathroom + sep toilet + ensuite. Looking at the sect 32 it doesn't mention a permit being given in...
  5. buckerooni

    subfloor movement, cracks in walls - restumper recommendations coburg, VIC

    Hi All, The bank valuation report for our IP (soon to be PPOR) indicated several areas of cracking of the internal wall linings, providing evidence of subfloor movement. ..and recommends a registered bulding/construction expert asses it prior to advancing funds. I had a building...
  6. buckerooni

    Piggybacking off another sale in the block - advice

    Hi all, With an upcoming reno to our PPOR, selling our IP is the only way to pony up the cash. The unit above (3rd and top floor) sold last week for 560K and I've contacted the agent to see if there are still interested parties. There's a fixed lease until December this year but the sale...
  7. buckerooni

    handyman around coburg + surrounds

    Hi All, Can anyone recommend a good handyman around the coburg area. A mate has moved into my (recently purchased) property and has discovered the following issues: - leaky roof in 2 spots - rear sliding door hard to move - large puddle or water around outside tap (could be a plumber job...
  8. buckerooni

    Title Holder passes away before Settlement. How to negotiate a licence to occupy?

    Hi All, We purchased a property a month back, settling on the 26th Nov but unfortunately one of the Title holders (tenants in common) passed away last week. Terrible news for them, complications for us. We had planned to have friends (a young family) move in for 6 months while their house gets...
  9. buckerooni

    New Article: Crims use hacked email to steal house

    An international cybercrime investigation is underway into a sophisticated scam network that left a Western Australian man half a million dollars out of pocket when criminals sold his Perth investment property using stolen credentials. more reading here...
  10. buckerooni

    Letter of offer with a cheque?

    Hi All, I've been reading up on a few approaches to making an offer, in Michael Yardney's book it mentions including a cheque 'to be for part of the deposit, maybe a few thousand dollars'. This is to add to the sincerity of the offer. Does this cheque (if the offer is accepted) go into...
  11. buckerooni

    99 year lease on GF apartment's private area

    Sorry if this has been covered previously, the search function doesn't appear to be working (I get a blank screen). A ground floor apartment with a large outside area is for sale in a 4 unit block (2 down, 2 up). We have been told the private outside area is on a 99 year lease. How does this...
  12. buckerooni

    Joining the Body Corp - Tips to getting things done?

    Hi All, After moving into my first property 5 months ago in a group of 12 apartments, I'd like to get on the BC to help get some things done. My Agenda so far: 1.Implement policies around floorboards in apartments. According to our BC, there are no restrictions on flooring, and the...
  13. buckerooni

    buying a property with a fixed lease (but < 12 months) - opinions

    what are your opinions on buying (investment) property that has a fixed lease in place - like an existing tenant with 8 months fixed? we did this for our first property (which went from IP to PPOR after the lease ended) and I think it worked out pretty well but I see myself as a pretty much...
  14. buckerooni

    structural engineer in Melb for inner south inspection

    Hi All, I need a structural engineer to investigate whether I can kick some walls out without upsetting things (1st floor apartment with one floor above) can anyone recommend anyone, or should I just consult the yellow pages? Thanks, Cam.
  15. buckerooni

    resurfaced bathtub reveals itself (not in a good way!)

    Hi All, I've got an issue with our first IP (which we've only had for 3 months). The bathtub has been resurfaced previously but has recently started to lose it's coating in a couple of different spots. We plan to move in there march 2008 (when the fixed lease expires) and will...
  16. buckerooni

    loan structure for new prop (fixed 9mnths w/existing tenant) then turn into PPOR

    Hi All, I've just purchased my first property and it comes with a tenant on a 9 month fixed lease contract. Once this is over we will change it over to a PPOR. It will be set up as a joint tenancy with my partner and am after some feedback on our loan structure. We're looking at getting an...
  17. buckerooni

    Purchased property with tenant till 2009, then make it PPOR - can I claim deductions?

    Hey All, I bought my first property on the week-end (woo hoo!) which comes with a tenant on a fixed contract till March 2009. Can I claim all expenses during that period like an IP? Does my loan structure contibute to the way in which this can be handled (haven't decided on a structure yet)...
  18. buckerooni

    -ve geared to the max while IP, then flip to PPOR

    Hi All, I am still renting and looking for a PPOR, and I was at an auction where there was the option of keeping the tenant as part of the sale and this got me thinking. At the moment I have a high paying job (120K) but would ideally like to buy a property and get it under control so in...
  19. buckerooni

    Finance for commercially zoned warehouse for PPOR

    Hi All, I'm interested in a property that is zoned commercial that I would like to purchase as my PPOR. It's in Melbourne's inner west and is currently being used as a residence. On this basis (legally livable) I can still get the FHOG and FH Bonus but it's the commercial financing part that...
  20. buckerooni

    Melbourne Mortgage Broker recommendations

    Hi All, I'm unsure if this is the right area to ask, but I'm after some recommendations for a broker in the inner Melbourne area. I'm renting in the inner south and looking to purchase properties in the inner west. I have a few different ideas so someone with a vaguely creative flare is...
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