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  1. Luv2Travel

    I think I could retire...

    ...if I had the money! I hear all the time, people saying they could never retire fully as they'd be bored. :eek: :confused: After a very full on year with hardly any holidays, I got to the end of the year worn out and unmotivated. I now have two weeks off, and was wondering what I would...
  2. Luv2Travel

    Contract Meanings in PM Agreement

    I know this is a dumb question and I should know the answer, but I'm about to change property managers and want to know when I can do this. I don't know what the following mean: :o Exclusive Authority Period for Leasing : 90 days Continuing Authority Period for Leasing : 30 days Does...
  3. Luv2Travel

    How does money end up in limbo??

    I've been paying my body corporate fees using Bpay for the last two years without a problem. The details are saved in my internet banking and I do the same thing every time. My body corporate are now chasing an amount of money, which I definately paid and have been through my records to check...
  4. Luv2Travel

    Facebook - what a great resource

    My alarm bells are ringing after spending a bit of time doing some tenant research on Facebook. :( I'll be making phonecalls tomorrow to get an explanation, but at this stage what I'm being told by the property manager isn't lining up with what I'm reading on Facebook of tenant and part of it...
  5. Luv2Travel

    Tenant Break Lease & New Application

    The perfect tenants of my first IP have decided to break lease as they have bought a home. House was open on the weekend and got a couple of applications, one which was no good, the other one a maybe, but I have my own concerns. It is a couple expecting a baby shortly (no pets, but seeing what...
  6. Luv2Travel

    Yield vs. Capital Growth

    I read a lot of comments on here about buying high yield property vs. high growth property. I'm in a position where I have just bought my second IP which is negatively geared and wouldn't be in a position to buy another property any time soon, particuarly if it too was going to be negatively...
  7. Luv2Travel

    Westpac - Home Loan Calculator Question

    When inputting your rental income to 'How Much Can I Borrow' calculator on the Westpac website, what do you input? I know the banks only consider 70% of the gross rent you receive, but do I put in 70% in the calculator or do I put in 100% and it takes into account 70% automatically of what you...
  8. Luv2Travel

    Possibility of adding a carport?

    I'm interested in a property that doesn't have any form of car accommdation, which is of concern to me. The only way I think I'd consider it is if a carport could be added, but I have no idea as to requirements or how carports are built. My concern is that there's no room at the side of the...
  9. Luv2Travel

    Finding the sale price of a property

    Sorry, I tried the search function but can't find it. Either myself or Somersoft is having issues at the moment. I'm after the sale price of one particular property here in Melbourne, a private sale which I think occurred in the last month or so. How can I find out the price? I know I...
  10. Luv2Travel

    Most value - double garage or second bathroom?

    Am going to start looking at real property, have been looking on the net for the last few months in the area I want to buy, so have a fair idea of prices. Two I want to look at this weekend are asking exactly the same, both look like decent 3 bedroom homes, but one has a second bathroom and...
  11. Luv2Travel

    Calculating a good investment... what I.R. % do you use?

    I'm starting to look at IP2, although not sure when I will purchase, so just window shopping at this stage. However, what interest rate do you use, to determine if it's a good investment? I'm looking at purchasing a house in Melbourne, and seems based on 7% interst rate and greater, nothing...
  12. Luv2Travel

    When should I buy next IP?

    Disregard - have done my own sums, my friend is too much of a risk taker for my liking. Will wait a little longer. :)
  13. Luv2Travel

    Bookkeeping Business - Costs re Insurance etc.

    I am considering doing some bookkeeping work from home, but only a few hours a week as I already work 5.5 days a week but want some extra cash. I know I looked into this a few years ago but decided against it when I looked into insurance. From memory it was around $2K a year, and was advised...
  14. Luv2Travel

    Children's Party Supplies

    Being the awesome aunt that I am :) , I did the whole Thomas theme party, with all the party supplies you can get, for my five year old nephew recently. Now his sister is turning four and she's obsessed with dogs and puppies, so I would like party supplies with this sort of theme, but can't...
  15. Luv2Travel

    Property Managers

    I just want to write something in regards to property managers, as I've noticed a lot of complaints of recent, a lot of them justified, and everyone jumps on and says change companies and get a new PM. I just want to clarify that I think should mean a new PM, and not necessarily a new company...
  16. Luv2Travel

    Is Melbourne cooling?

    According to REIV auction results today: I've noticed an increase in auctions being passed in where I live (inner Bayside). Has been a very high clearance for quite some time, but noticed this week and last week the clearance has dropped considerably.
  17. Luv2Travel

    Property Location Rules - Myth or Fact?

    Just a few things I'd appreciate people's opinions and thoughts on. I see many times repeated on this forum about what not to buy, no grey areas, it always seems to be an absolute no. I'm not disputing these opinions nor am I thinking about it in relation to any particular property, I'm just...
  18. Luv2Travel

    Urgent - Purchasing with Tenant

    My friend is purchasing a property which they were told has a tenant in it returning a reasonable rent according to the agent. All sounded good, but now we find out the tenant is a friend of the vendor and there is no lease agreement in place. The tenant wants to stay on, but is unsure how...
  19. Luv2Travel

    Altona Meadows Unit or Seabrook House?

    I'm starting to look at areas for my next IP, not ready to buy yet, just starting my homework. I've liked for a little while now Altona Meadows but notice the prices in the last 6 months or so seem to be heading upwards. It wasn't that long ago I saw a reasonable looking 3 bedroom house in the...
  20. Luv2Travel

    Fencing Front Yard - Child Safe

    I have an investment property that I purchased about 9 months ago which is currently let to fantastic tenants. I am hoping that they will stay on when the lease expires, however to avoid the same issues I faced when I was first looking for tenants I want to find a solution to the problem. The...
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