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Hi, i am thinking of refinancing the property with LOC drawn, LOC is fully used for IP purposes only. If i refinance this property with another bank, i will be paying off the LOC by setting up another LOC from the new bank with the same property. Is the interest off the new LOC from the...

Hi just curious, i say yes but friend say no. Will you buy one for investment? located in a v v v gd area. Scott

Hi, going to let my property soon and like to check... i am in SA, i will be collecting 4 weeks of bonds -> to bond office, 2 weeks of rental + 2 weeks of advance rental is that correct to keep 2 weeks of advance rental in case the tenant default in paying? Care to share what's your...

hi, i have an IP ready for rent in a few weeks. i want to furnish the property. here is my question should i buy them or rent them? if i buy them say for $1000, my cost will just be $1000 and i get depreciation over that $1000 of furniture of the life span. with rental furniture...

Hi, it is my first time doing tax return with IP. Will i be receiving a statement from the CBA bank regarding how much interest is paid to this loan account etc? If you are from CBA too, have you received yours? not sure how long CBA will send that out (if any)? should i still be...

Hi, i have not done any tax return for IPs yet. this is my first time. What do you give your tax accountant for tax return? I wish to be a bit more prepared. thanks. Scott

Hi, SA people, can you please recommend me a good tax accountant? cheers, Scott

Hi, Do you have any experiences in solar panels in SA? any good deals around? i know that different states have companies that offer diff deals. Like to restrict this to just SA. cheers. Scott

Hi, is CBA MISA account 100% offset? cheers, Scott

Hi, As i am not a professional property managers, am i able to charge say friends for managing their IPs? Also, can i friends tax deduct this payment? Do i need a ABN? cheers, Scott

Hi, anyone has any good repairer for fridge in Adelaide? my fridge/freezer is working fine but been having loud noises. thank you. Scott

Hi, First of all, i like to take this opportunity to thank you, everyone here. esp the investment gurus that has provided lots of information and answers to my questions. this is my first time doing it, as 1st IP is settling today and this is my plan to flow the funds. but is my...

Hi, settling my 2nd IPs in 2 weeks. just got a call from CBA and now CBA wants me to crosscollate my IP1 with the new IP2. What are the props and cons of crossing 2 IPs? cheers. Scott

Hi, my 1st IP is settling soon, my new tenant has checked the property (IP) telephone line and was told that there was no line for more than a year. As usual, Telstra will charged them $299 for the standard 1st connection? is the landlord supposes to be paying for this or is the tenant...

Hi, i have a question from a friend she has a PPOR fully paid but it's in her sister and her name. now she wants to buy a new IP on her name only. If she draws a LOC from her PPOR to finance her home, will the LOC be under 1 name or 2 names? If the LOC account is in 2 names, can she...

Hi, I am curious about depreciation of unit and apartment. Since there is no "land" attached to the purchased price, do we depreciate the whole sale price+stamp duty etc? or is depreciation even not allow? cheers, Scott

Hi, again, new to IP. will be settling one in May. Have signed the contract. The letter from the convenacyer said that i should insure the property once i sign the contract - say in case of fire etc. My question, is that true? when should i start buying the insurance? even before...

Hi, i am building an IP. it is a 2 bedroom studio style torren title house. Please comment on my thoughts on some possible upgrades. 1. changing generic stove and oven to "Miele" or similar brand 2. adding solar panel grid connected intend to turn it into a "modern" concept home. i...

Hi, Do you have any good Quantity Surveyor to recommend? I will need to depreciate the new 1st IP as it is going to be fully furnished and this IP also has a solar panel installed. cheers, Scott

hi, i am purchasing a land and will be building a house on the land ->IP. land cost around 120k, building cost around 200k. I am thinking of depreciating the building as well. Can someone please highlight some pros and cons for depreciating the building? Do you think it is worth...