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Settlement on Monday 27th May, finally got our 3rd IP and 1st Nras property. Now to decide which company to do the depreciation report. Got quotes off Dep Pro for $599.50 used them for our first one. BMT not used before but are in the area and have quoted a reduced price of $660 as they will not...

Got past the solicitor who was against NRAS on the grounds that it was social housing Got the loans all approved by our own bank they would not normally touch NRAS (not signed loan docs yet) Valuation all stacked up at purchase price (did have subject to in contract) Building...

Hi We have just paid off our home loan in full as the money had been sitting in the morgage crusher for the last year and we have other funds eleswhere as a buffer for our IP's. We did so as to free up more equity for our 3rd IP which we are in search of. Our 1st IP was crossed with our home...

Brand new house just out of 6 months maintainance Tap behind fridge starts leaking while tenants are away Wooden furniture owned by tenants damaged by the water Who claims on insurance/pays access ?? Tenants have put in a claim against us Builders say it is not under waranty as...

Our builder has just suggested rendering the whole of the new house to be built shortly as it is one of the last remaining blocks on the developement. They also developed the land so have built the majority of the houses in the estate. It is a corner block and will cost an extra $2000 to do if...

Hi I have just had a registered power of attorney done, but I am unsure of exactly what I have to write when signing on behalf of my husband. If anyone can advise I would appreciate it Thankyou Jean

Hi We have just got our first investment property up and running all going good. My husband has just been offered a job working in Papua new Guinea where he will also be taxed under their system. Our question is if he pays tax over there how does he go about claiming a deduction for the...

Thankyou everyone We have learnt so much just reading and soaking in all the info from all of you on this and another forum. This is is our first IP so great to get feedback and more from you all. Thanks for all your help on June Interest. On another note both our IP and PPR have separate...

Hi The Interest on our IP added to loan 30th June by the bank but not paid by us until the end of July is it tax deductuble this year 2009/2010 or next 2010/2011? Also Ip loan is only in husbands name so I had to go guarantor as equity was being used on our home (both names) the solicitor...

Which is the best method of depreciating when holding the property for the long term. This is our first investment property and we do plan on holding it for at least 15+ years all going good, as hopefully it will be the first of many, which we will then start selling one at a time to fund...

Hi we are about to rent out our first investment house in Chinchilla. The tenants have agreed to pay $400 a week we just have to sort out 12 month or 6 month they originaly said they would do 12 but are having second thought as to do 6 month. They are coming over from WA and will eventually buy...

We have just done our handover for our first Investment IP with Steve Bradford from Surat Basin Homes at the beginning of this month. We also have a tenant ready to sign a lease starting in July. Both Steve and Jay were very helpful and proffessional in thier approach to everything. The house...

ATDS anybody heard of them or Deppro?

Has anybody heard of ATDS? Are they any good and do they normally up the cost after you have already paid their initial invoice to have a depreciation Schedule done. We paid in full to have an onsite inspection complete with photo's and now they say they want another $220 as they no longer have...

Hi we have recently started building our first IP. We used the equity in our own home valued at $400k and we have just under $80k left to pay off it with $25-30k or abouts in the 100% offset account at any time, We were given a loan off $375k though still in the drawdown process and may not use...