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Thanks Thanks for your replies, including private messages. I have done such a good job at $14,000 worth of repairs, my son has decided to sell his unit and not re-rent it. This ex-tenant was a public figure. Who'd-a-thought!

Hi, Can anyone recommend a Property Manager for a 2-bedroom unit in Kensington, Sydney. Randwick is the the closest suburb to it. We have just been burned badly by our last one. Thanks Liz

We've just engaged Rod Bickell from Southside Property& Commercial Lawyers at Springwood (3808 8580/0408 076 105). He was recommended to us and seems like a straight up kind of guy. Quote was good too - $1400 all inclusive of searches.

Change of plans and didn't go ahead with this "transfer between related parties" deal. Decided to rent our house out rent one from our son instead. Much better all around. Thanks for your interest and replies.

Thanks so much. Appreciate your replies.

But I'm still waiting on some advice on this mysterious "transfer form"

Thanks Terry. But this is simply, Mum, I've got $450,000 to spend on an investment house, I'm in the US, can you find one for me. And me thinking, I've got one of those, a good one rented out, and I want to go to a retirement village. Good deal both sides. I think what I'll do is record my...

Thanks for your replies. Neither my son or I are likely to get tied up in knots about who owns the property when. But I think our respective banks may. So I'm more than happy to transfer ownership to him prior to settlement or whatever the case may be as suggested by "fourex". So could you...

Would anyone living in Qld and doing their own conveyancing offer me some steps to follow. Here is the story. My son is buying my PPOR from me which is currently rented out but has a mortgage on it. Although he is an expat currently living and working in the US, he has received preapproval...

I had a sticky and very desperate situation a few years ago, just under 65 with no income so went for a reverse mortgage. No major bank would look at me. SGE in NSW did. The application $ were high, interest up around 8.5%, and quit fees high as well. Sure, it took the pressure off, but a...

Ex-Resident I lived in Townsville for 20 years. It has a very steady economy due to the major infrastructure of goverment representation, eg army, airforce, not to mention representative state and federal agencies, including the ATO and James Cook University. So lots of Government money here...

This is an interesting question. Is it really worth it in the end given costs of subdividing, loan costs during subdivision, then CGT and GST when you sell? What is the key to a successful subdivision strategy apart from buying low.

Double post and can't cancel it! Ignore.

Any copyright sticker on the back of the hard copy? Any mention in the initial contract of "material content" to advertise? If not. Then.....Go for it

Aw Jeez, Battler. You can't seriously be scared of my ilk. If you are, then....Boo! :D

Thank you FinSpec, I think you know where I am coming from. I'm working on a buy that will work for both parties, but more specifically for me. I will be renting the house out for 2 years. I believe the bank only incorporoate 60% of that rental income. It may be, given the owners age, they...

Yep Y-Man, I am indeed looking for the magic bullet. If I do the sums correctly, I'm surely hoping that will happen. All guts, and I hope what follows is the glory. Actually, sound quite manic, don't I?! But this stuff happens every day if I read this forum correctly. Now don't think me...

Grab a coffee. I need to talk. This site can be so depressing for us wannabes. Well, I'm 3 years off retirement and have about $400,000 cash to show for it and a house hocked to the hilt to the business both of which are losing value as I am in a small country town. The business keeps a...

Nice 3 bedder. Kitchen might need some work!:)

Well, this was an interesting exercise. ;) Will-Air, our property was originally listed at $550,000 based on comparable sales in the area in the last few months. We reduced it to $450,000 based on the continuing economic downturn and at it's mid/low valuation price. Plus we know higher...