Search results

Monkeys are good at mimicking but not very innovative This Monkey therefore wonders whether an SS guru might be willing to share their excel spreadsheet for IP cash flow so he can figure out how, over time, he can build a cash flow positive IP portfolio. Cheers!

Folks, here’s a challenge for the more mathematically inclined! I am trying to calculate principal and interest on monthly repayments of an investment loan. Ideally, an excel formula that could drop into a spread sheet. The interest rate is 2% above the RBA rate, commencing January this...

If you were looking to directly invest $1,000 (each) in 5-7 shares for longer-term, relatively low risk growth (7-10 years) and some dividends, which would you go for? 3 x the banks (CBA, ANZ, Westpac), 2 x resources (BHP, RIO), 1 x telco (Telstra) and 1 x retail (Woolworths)? cheers! Monkey

The "honeymoon" rate has just run out on our online savings account, reducing the rate to 4% We will shop around as there are few bonus deals on offer that bring the rate up to 5.25% to 5.5%, but most are only for 4 months. Given the difficulty banks are having securing domestic deposits...

Hi Good Folks Hoping very much for some views on the situation involving the hot water unit at our IP in Brisbane. (apologies if this should better be placed on the "adding value" board!) A plumber organised by our PM has found a leaking coil in a (fairly old) electric hot water unit...

Arrgg!! Our PM signed a lease with a new tenant in June. Within a month, the tenant is late on rent. PM has now contacted us to say . tenant is behind in rent by 28 days . PM issued a Notice to Remedy and agreed a payment arrangement with tenant, whereby tenant would make up...

I would be most grateful for recommendations for a good property manager for the Chermside area in Brisbane. Thank you, Monkey

Our new tenant in Brisbane has asked (via our agent) whether they can install cable television. Are there any hooks with this? Anything we should have them agree to (ie, must be professionally installed, at own cost, etc)? Monkey

Quick question, and v. sorry if already posted here recently (first time back in a while)... In broad terms, what does the medium term future (1-5 years) hold for the Canberra property market given foreshadowed public sector cuts in the forthcoming budget and possible deeper cuts under a...

Hi all Very much hoping for some perspectives on our situation. We are arranging to purchase our first IP, in QLD. We have the fortunate opportunity of being able to purchase the IP (established house) from our parents at a good rate and with vendor finance. Sale price is $400,000...

Hi all Our main bathroom has yukky wood panelling around the bath and up the bath wall. It looks pretty bad, with the wood getting on age-wise and it is marked and worn (patchy) in places. As a short-term fix, before we gut the bathroom and start again (with tiles), we thought we'd...

Hi all We recently purchased a house in Canberra, and I'm hoping for Forum views on the steps we need to take now to ensure a good tax outcome on the property. The property is currently tenanted, and may remain so for the next 12 months. While we intend to make the property our PPOR...

Hi all We are considering adding a family room (30-50 sq metres) by extending our house in Canberra. Its brick veneer, single storey. This will be a big undertaking. Is there anyone who has done this successfully who could advise on rough price range, timeframe and builder...

Hi all I'm in the process of finalising a loan for a property we bought recently. The property is currently tenanted. I have applied for (and am close to finalising) an 'owner occupier' loan, as it is presently our intention to move into the property within the next 6-12 months. It...

Hi all Its too late to call my bank tonight, but before I do tomorrow, could someone please clarify whether I need to factor stamp duty into my upfront costs (ie. ensure i have savings now to cover stamp duty) or whether it can be rolled into my loan? I'm looking at buying at auction in...

Hi all Just a question on use of bank cheques at auction. What approach do people generally take to preparing bank cheques in advance to pay the 5-10% deposit on auction day? I need to specify the dollar figure when i draw the cheque at the bank (ie. i can't get a blank cheque), but i...

Hi all Hoping for your views on our situation. We are looking to purchase a PPOR in the ACT. The place we have found is presently tenanted, through to mid 2011. The agent has indicated the tenants would be prepared to leave earlier (i imagine if the price is right). We are now...