Search results

I am wondering if it is possible to get a discount of PM fees? I've got 2 properties in QLD, 1 in Toowoomba and the other in Brisbane city. Everywhere i've looked in Toowoomba or brisbane city - their rates seems to be 8%+GST minimum + this + that. I was able to negotiate with the PM in...

I have a really old dryer which i know would probably fail sooner or later. I have said this machine is optional within the unit. Can i ask if it is law, that it’s the landlords responsibility to give the tenants a means to dry their clothing. This can either be a clothes line or a dryer?

This may have been asked before but I can't seem to find it. I have approach a few Pm in the local area to compare fees and they vary. But what I wanted to confirm was: - initial letting fee from 0 to 1/2 to 1 wk rent with or w/o gst. Up to you to negotiate - mgmt fee - dependent on where you...

I am wondering if there is anything we can do contractually to get builders/ trades to stick to our timelines? Naturally there are the unexpected and uncontrollable issues however, lets assume that whatever reason provided is 'BS' or i dont want to believe it. How do we hold them accountable...

Just went down to Laws Auction in Wetherill Park yesterday. When browsing around, i decided to get a quote since the MD there said would take about 5 minutes. Previously i had a quote (the cheapest from a joinery) for a 13 cabinet U-Shape melamine kitchen without benchtop for $3.7k! No...

We are 4 friends who are looking to pool our money to buy a block of units to strata title. Before anyone says this is a bad idea, we have discussed the pros, and especially the cons of buying in a group to a point we have agreed on certain rules and ensure everyone is on the same page. This...

I'm looking for PMs in Auburn and also Kincumber Does anyone on this forum recommend any PMs from those two areas?

I'm considering using a PM from TIC (QLD Based) to manage my IPs in NSW? Just wondering if anyone has used TIC before and had any experience? Also to further set the scene, from my conversation with the PM, they outsource to other RE to manage the property, however i do not know if they...

I am looking to get a LOC for my dad, however he only works part time. The LOC would be drawn from the PPOR which is fully paid off. What are the available methods to get a LOC and from who? From initial discussions with the banks and please correct me if i am wrong Westpact allows a...

Does anyone know how buying in joint names affect your own borrowing capacity from the banks. I understand that the banks, from a risk perspective will put your risk exposure to the total value of the home (even if you are 50% owner). However, how does this affect your borrowing capacity?

If you parents take out a LOC on their PPOR and loan you the money from that LOC solely for investment purposes, can you claim the tax on that? Thus, the LOC is in their name. But all the debt is repaid solely by you. Can you draw up a personal contract (for the ATO/ tax) specifying that...

Credit crisis now does not allow me to get a LOC against Parent's home as Security? My parents has agreed to let me use their PPOR as security. The ideal is to draw a 200k LOC, 50% LVR but within my own name only (this gives zero benefits to parents and only to me - i understand this doesn't...

I'm just wondering if it should better to take a loan via the Parent's PPOR via a LOC or else take out an I/O with offset? I am hoping to buy at least 2 IP within a 6mths time. (The 2nd may be a joint venture with a sibling to get started asap). I am able to service both the loans individually...

As per the subject... and hoping this never actually happens to many people or the decline is not much... What can the banks do in terms of your loans? What can we do to protect ourselves?

Even without owning 1 property yet... I've heard how many people cannot buy further properties due to incorrect finance structuring... How are the investors with 4-10+ properties structuring their loans? - Don't cross-securitise your home which seems to be a biggie. - ensure your loan...

I'm looking to get a LOC off my parents home (200k) and a basic variable loan (up to 350k) The mortgage brokers i've talked to are advising to stick to the big banks or known lenders (ie. CBA/ BankWest/ StGeorge etc) What is the difference between the big banks and these non-major...

Just wondering if anyone on the forum has had experience with this company and its education programme. Is it of any value for the price?

Wyndham VIC - 1st IP - New House & Land package? Hi all, I've been reading posts lately on the forum and there are critics of first time Property Investors shouldn't be buying 'off-the-plan' type dwellings. Can anyone provide any advice why? or why not? Being in Sydney, it's about the...