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I need some advice on how best to structure an investment with a sibling. I purchased an investment property with a sibling 50/50. We contributed the same deposit amount, all income and expenses are shared and decisions are made together. We have 2 equal loans secured against the property...

Hi everyone, I am currently looking at renovating the wet areas in our property to get another bathroom and in doing so am considering whether to keep a separate laundry room vs. making do with a laundry cupboard within the main bathroom. I wanted to get some feedback from SS members on...

Hi all, looking for some good suggestions on a contractor that can do roofing repairs and provide warranty. Thanks !

Hi everyone, Is it just me or do property managers tend to class everything as wear and tear? There are a couple of items I was happy to repair myself but then I was thinking, hang on isn't some of this the tenants fault. My PM doesn't really think this is anything we could chase the...

Hi everyone, I've mentioned in another thread that I'm updating the flooring in my IP but my circumstances have changed and I may be selling the property in the next 1-2 yrs. I had decided on Bamboo floorboards but was advised by flooring experts & my architect friends that I should...

Hi everyone, We recently installed some BIRs into an IP and our schedule has them listed as capital works improvements with an effective life of 40 years. I know that the legislation keeps changing but this seems crazy that BIRs costing only $5000 have a life this long and therefore we...

Hi everyone, apologies if I am starting up another flooring thread but I am about to embark on replacing the carpet in my 3 bed IP apartment with solution dyed nylon carpet in the bedrooms and bamboo flooring in the living and hallway. I already have one quote that was obtained by my property...

Hi all, has anyone used aami for landlord insurance and had to put in a claim? Any good or bad experiences ? My Pms always seem to recommend TerriScheer. Is that because they are good or do they get kickbacks? Thanks

Hi everyone, I was wondering what is reasonable for painting costs for an ip apartment. I'm in the process of getting a couple quotes and so far I have received the following: Bathroom 2 coats dulux including walls, celling and woodwork incl prep, remove nails, filler and sanding $990 inc gst...

Hi everyone, So I received a call from my property manager to advise she had carried out a routine inspection. She sounded enthusiastic/keen which is great. She did make a few recommendations about maintenance on my IP. replace the carpet as they are looking pretty worn/warped (not...

Hi there, Is anyone else purposely diversifying their lending across more than one lender ? If so, what have been the reasons for this and pros/cons? I think I have maxed out my rate discounts from two lenders at present and unlikely to get any further discounts even if I move all...

Hi everyone, I am thinking about interest in advance for one of my IPs for this year only because my income will reduce temporarily next year and I want to maximise the tax deductions this coming tax time. I'm only looking at one year at this stage and think the lowest rate is nab with...

Hi everyone, I am about to make a PPOR an IP and would like to hear fellow investor recommendations for a Melbourne firm that can complete a depreciation schedule as well as supply me with a current market valuation of the property. I have used a quantity surveyor to prepare a schedule...

Hi all, I am looking for recommendations on good accountants in Melbourne that can assist with providing advice in the best structure for our portfolio. i.e. looking at our circumstances, future plans and then structuring our portfolio in the most tax effective way. If you know someone who...

Hi all, I am new to this forum and have found it very interesting and informative. I thought I knew enough about investing in property but this forum has been great as I have learnt a few good ideas just from 2 days browsing. I have a question (and I apologise in advance if this has been...

Hi everyone, I am hoping that someone can help me with the best strategy for an impending property purchase. I have done some researching on the ATO website and various forums but still have not found clear answer. The situation is as follows: We live in Victoria. My fiance owns PPOR...