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The ATO is starting to pay a bit closer attention to this sort of thing now it seems. http://www.smsfadviseronline.com.au/news/12874-ato-honing-in-on-dodgy-loan-arrangements?utm_source=SMSFAdviser&utm_campaign=SMSFAdviser_Bulletin16_03_2015&utm_medium=email

Sounds like the vendor's legal rep has been a bit sloppy. As Terry says, consult your legal rep about this.

Council will declare that each unit's site worth has increased due to being on a separated title. As such the council rates will go up. Insurance will have to be taken out PER UNIT so that will be more expensive. Plus any increase in mortgage interest if you used borrowed funds to conduct...

Definitely steer clear of anyone that will only offer you off-the-plan property. There are plenty of strategies in the property space other than off-the-plan. As the others have said, understand how someone is remunerated and you can quickly work out if you are paying an unnecessarily big fee...

It depends on the area. If people pay a premium for properties with period homes sash windows, it'd be a questionable decision to put in aluminium windows. Sliding aluminium windows are a bit of a nuisance from a cleaning perspective (the sliding tracks will gather dust, insects and such)...

It's a nice "cream on top" but it's not overly wise to chase property with high depreciation in lieu of a property that is capable of standing on its own two feet. A depreciation schedule will not do you much good if you have nothing to write it off against (eg if you lose your job). With...

Assuming you were to acquire 2 such properties with that sort of yield that would consistently remain rented all the time, and assuming all the loans were entirely paid off, then by the time the rent comes in, bills get paid and tax gets paid, you would have, by the skin of your teeth, $3k per...

Let's pretend you spend the $300k like this: Use $50k to pay off your home which you rent out. I believe you mentioned it would fetch $1400 per month. Use the other $250k to buy a property outright. Let's say it fetches $1250 per month. Together the gross rental haul of these...

It really depends on whether you plan to work in India, what is your timeline for your income stream desire of $3k per month to come to fruition etc. So you'd need to clearly define these things first. It's easy enough to turn over more than $3k per month on $300k, but it is important to...

Not sure which state this property is in, but there are, as Terry says, many issues. A couple that spring to mind are: Long settlements introduce the viability for the vendor to ask for early deposit release. Your lender may have a clause in the loan offer that says if you haven't...

I agree with Bayview. This is a cashflow drain from day 1. If you knew that it was going to have epic capital gain and by what date, then wonderful. But you need to be able to hold on by your fingernails while you wait for such gain. Run a mile.

$10-$20k per annum is a heavy cross to bear for most folks. If you added in things such as "a new baby is now expected in our home, so household costs will increase and my wife/partner will not be working for a fair while", or a job loss, or a vacancy in an IP, or an increase in interest rates...

Hi LoneWolf, You said you were happy to stretch into commercial - is that the goal or an option to get you to your goal? Working backwards, what's the goal? That will define what (commercial or otherwise) will get you there.

Yes I've had property managed by an agency that sold its rent roll. The staff went with it which was fine by me. Had I not been happy I would have simply shifted to a different agency. As a risk management thing I like to be paid my rents fortnightly rather than monthly. It's the early...

The others are correct in what they've said. For the sake of referring you specifically to what the ATO has to say about it, their website states the following in regards to residential rental property: "To claim deductions for expenses, your property must include a dwelling that is rented...

Might be a good idea to chat to your solicitor/conveyance about the wisdom of signing a contract before they've had a read through it and advised you it's safe to sign...

You own investment properties to earn income and/or make profit, not to be friendly with people. If you sell the place to somebody at a cut price to be kind, they won't bake you a cake each Christmas as eternal thanks... they'll be happy with their bargain and you will not be in their world...

Have you spoken to your property manager about access rights for advertising the property for the new tenant at reasonable timeslots, as long as the current tenant is forewarned? You could have tradies attend to measure and quote during those timeslots...

Hi lila Out of interest, were you under an agreement with your BA to find a property for you at the time the communication stopped, or were you trying to get in touch with a question or to discuss a proposed up-coming purchase? A BA or any other sort of provider is not obliged to take a...

It's easier to first define the outcome you want, and then select actions that lead towards that outcome. So if the outcome is "pay off debt" and selling the IPs down will achieve that, then great. However a big caution is to remember why you started investing in the first place. With...