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Hi everyone, I'm running out of paper in the office number crunching and writing the positives and negatives for either selling or developing my IP1 Looks like this Value - $600k Debt - $400k equity - $200k Rented @ 575pw after costs its roughly Neg CF by $80pw on 7% rates but after tax...

I have been asked by the new tenant of a granny flat I own if I could install a water outlet for him to have a washing machine. Fairly basic request was my first response........ The initial plumbing quote is coming in at over $700 dollars with a large "ESTIMATE" written in the email by the...

Hi Guys, How much value do you place on the median prices RE.com.au comes up with? I just reviewed an area I own in and it jumped from 532k to 655k in 2 months :eek::D Date Median House Price Median Unit Price Mar-09 $537,500 $447,000 Apr-09 $500,000 $515,000 May-09 $520,000...

Hi Guys, I have the trust magic book and am now looking for a down to earth layman's book on company structures. I currently have a PTY LTD company as the trustee of a Family Discretionary Trust. My next questions is as this all becomes larger I'm wanting to learn the better ways to...

My epiphany is.......... patience. :eek::D Pretty boring but I tell you what its my new investing secret :p

Hi Everyone, I'm looking to build my duplex this year after a hell of a year last year. Theirs still some hurdles to overcome but I'd like to put forward my plan and get idea's of whether its possible to get green light from the banks. Current Mort - $400k Current...

Hi everyone, With the turn in the finance market I've become unable to fund a duplex DA I have in Sydney. After a rather nasty spat between the builder and myself re the start date of the building contract and the inability to show funds to complete Ive thought of a new way to sort it out...

Hey Everyone, I wrote a post a while back about my own goals and the like. I just received in my inbox the actual dream........ http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=106209127&rsf=emailalert-propdetails It has the land size, location and history I'd want in the development I...

Shop & Unit - Subdividing/splitting title Hi Everyone, A question on behalf of a friend, She owns a commercial property or mixed use according to the title that has a hairdressing salon downstairs and a small 2 bed unit upstairs. Its in Sydney on the northern beaches and is in a local...

Hi guys, Just having a reality check, we have 3 little kiddies and have out grown our current car and we are planning another baby or two in the next 12 to 24 months? 6 months ago i sold a big expensive Euro 4WD and borrowed my sisters car as she had updated. Good solid Subaru outback that has...

With a very trying 12 months coming to a close, i was reflecting last night on what it takes for me to want to continue doing this journey and why I want to achieve my goals so bad its OK to feel some pain along the way! Its funny to look back on 2009 - I ticked quite a few box's and if not...

I'm thinking aloud and looking for some ideas that I haven't come up with as yet. I signed a building contract about 15 months ago that was due to start in may this year, at that time another investment was due to come to a close. Unfortunately that other investment ( a builder/developer)...

I'm looking to put my DA out to tender for builders to quote on. In Saturday's Sydney Morning Herald there is a large section for tendering and so forth. Now I know that mostly its for large CIP's and Govt contracts. There was a few smaller multi dweliing items in there. Two questions...

So I've had my IP revalued after a spruce up and new lease etc. My house is a tidy partially renovated 3bed fibro. Reno was new paint + polished floorboards. My house has 2 advantages its DA approved for a duplex + its got a fully self contained detached granny flat in the rear of the...

Hi everyone. I'd like to ask Yee ol' property investors if you still find this business difficult? Do you still meet substantial hurdles on your purchases/projects. For the last two years it feels like the hoops I've jumped through are never ending! Just as I make it through by the skin of...

With the Banks adding all these new requirements to lo-docs making them a poor mans full doc? I can't meet there requirements any more. Never fear I have another idea? I'm looking other ways to source funding. I have something in my head that I'd like other people to view and say yay or nay...

I have a conundrum that my head and heart are locked in battle over. I currently have a large credit card debt from a previous investment - too long a story and theres a thread describing it elsewhere - I also have an equal or greater amount of cash that can clear the debt and leave me...

Hi everyone, I've used my personal c/c's over the last 12 months to do cash withdrawals to pay the mortgage and reno costs at different points as cash was very tight. I've just had the IP revalued after DA approval and a brisk reno. I expect to be able to repay all of these amounts with...

Hi Guys, How do I get the bank valuer to place real value on the stand alone 60sqm flat thats not attached to my recently renovated IP. Last valuation was pretty ordinary and didn't seem to take into account either the monetary value for the flat or the actual land/build cost of the...

Hey everyone, I'm just in the process of setting up a plan for some Pty Ltd's for future purchases and as the trustee of the current trust. Does anyone know of a good book or website that can assist with structure etc. I have a trust that will remain the holding trust for the family...