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Hi all, I am looking at having some work done on my PPoR. I would like to knock down the "lean to" style toilet/laundry at the back of the house, build it up to floor level and turn it into a full bathroom. Also change a few rooms around, redo the kitchen and build a deck out the back...

Hey all, I'm being sent to cairns sunday if anyone wants any local info. Can't guarantee that I'll make it to your places as I'm on 24 hour call and only for 7 days. But I'll do my best to check out areas if anyone likes.

Hi everyone, I have a lease signed for my commercial property that states the rent is $15000 p/a. The security bond and deposit have been partly paid by installments, worked out on rent ($1250 p/m) plus GST. (total $1375) The first months rent and the 2nd and 3rd installment of bond are...

Hey everybody, Does anyone know the new laws on charging water rates to Qld tenants, especially now that we have Urban Utilities charging us seperate bills from rates. My latest water bill has gone up massively and I've previously had an audit done on my pipes so pretty sure there is no...

Hi everyone, Is it possible to remove silicone from painted gyprock plasterboard. I have cut off as much as possible using a razor but there is still a fine layer left behind. I need to paint over these walls. Cheers V

Today a bad tenant was handed an eviction notice from the police. This is my first ever in many years of operating. To cut a long story short. I bought a block of flats of Lady A. She had had tenant A for ever and had basically given him lifelong tenancy. She also said that he was a...

Hi everyone, I bought a block of flats and shop in January and currently the shop is leased to the ex owner. I have had nothing but trouble from her. The latest drama is that her undrivable van is parked smack bang in the middle of the only driveway preventing tenants and tradesmen from...

I dare you! seems to be alot more guests on right now than regulars (family?) Have a chat we don't bite (hard)

At settlement of every IP, I shout my self a bottle of fine champers. I've had the bolly and the moet. I am due to settle tomorrow and would like to continue the tradition. Question is....I think I'm going to save the dom for a deal over a million, and as this one is just shy of, what is...

Hi All, Just another quick question about capitalising interest (I know, not another one!) Can I take all my rental income and pay it directly onto my PPOR, then pay all interest and expenses for the IP out of a LOC? Would this work out to be effective? If I use the years income from 1...

I was advised to get an ABN by a commercial property management group that I will be signing up with shortly. Is this totally necessary? Is there any implications from having one? What does it mean in relation to tax? Is it just because I am doing commercial as I have never needed to have...

Does anyone know any websites that advertise commercial rates? I have looked at Westpac and ING and they don't seem to advertise rates like they do for residential loans. Also fees and charges? My mortgage broker is looking for me, but I would like to be able to research for myself...

Hi All, At 11 this morning, I will be looking through a property that I have had my eye on for a while and the nerves are kicking in big time. I haven't purchased anything for almost 3 years so am a bit rusty! It is a mixed commercial/residential property which I have never done before...

I am currently looking at a deal that is 1/2 commercial 1/2 resi. The owner of a business is looking at selling, but possibly staying on in the business. Obviously there is no lease in place, so where do I start in making up a lease. I have not done commercial before and don't want to...

Here is our situation... 2 years ago my father purchased from his friend a 1/2 share of her property in NSW in which they have both resided ever since. They each willed their half share to their respective beneficiaries with a clause that the other person had the right to reside in the...

My CD drive in the computer has been taken over by gremlins. It just goes in and out all day long and is starting to drive me crazy. Does anyone know what is causing this and/or how to fix it? Thanks. V

Hi everyone, I am currently pondering a contract for a block of townhouses. Originally it was marketed at renting for $880 per week, but on perusal of the contract one unit is only tenanted for $170, 2 x $220 and one is vacant. Does anyone know of a good clause to include in the contract to...

Hey all, Would anyone have any up to date information on the state of the cairns market? I have done a search but most posts are from a couple of years ago. I am particularly interested in unit blocks and have seen some for sale in Edmonton, Woree, North Cairns. Are vacancies high...

I am looking at signing a contract on a commercial property. What are the main differences between commercial and residential contracts? Are there any specific clauses that people include other than standard finance etc. Do you have a longer settlement period? Help!:confused...

Hi everyone, I am looking into doing a sort of joint venture with one of my mates. I know these can be fraught with danger, so would love all the advice you can throw my way. Good, bad, or just things that you wouldn't realise till half way through the deal. We've discussed everything...