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Good Afternoon Couldnt find any threads regarding Ride on Mowers so thought I would ask around to grab a heads up on what is good and what isnt. Appreciate your positive AND negative feedback. We now have 1.5 acres so push mowing will become too much. Im trying to get away with spending...

Would just like to share my current tenant story, its actually a bit of a laugh (what else can you do).:confused: Our tenants were caught with 5 dogs at my house two weeks ago, they are only approved for 2 very small dogs, and apparently those dogs have been there for the last 2 months as the...

Good Afternoon I have a query in regards to claiming renovations on a house - Quantity Surveyance Report. If you live in your house for say 5 years, over which time you renovate and improve the house immensely (new kitchen/paint/coverings etc $50k+), can you depreciate the cost of the...

Good Afternoon Just wondering if any of you have ever obtained a loan from a relative, mum & dad, brother/sister etc for an investment property AND if you have been able to claim that loan. E.g If I borrowed $100,000 from a rel to avoid LMI on a property, can you legitimately claim that...

Hi All I have two quick questions if someone is willing to answer :); 1 - In 2 weeks we move in to our IP, making it our new PPOR. It has been tenanted for 2 years. Are there any claimable things we should do before or after we move in, considering it has been an IP for the whole time...

Happy New Year to all, first post of 2011. Just a quick one, do many people here use a LOC to pay for Bills such as Rates, Insurance and all maintenance to preserve their cash? I know some capitalise interest also, but im looking at setting one up to pay for everything other than interest...

Good Afternoon Just thought I would ask what sort of discounts people have given for rent paid 6 or 12 months upfront in advance, if any at all? :confused: I have an IP available for rent at $440/wk and some applicants have offered to pay a full 12 months immediately at $410/wk, so $21320...

Hi SS'ers Have come across a 2 bedroom 1 bath 1 garage unit for sale with the following specs. For Sale Price $235,000 Rent - $280 per week, great existing tenants Body Corp - $27/wk (includes insurance & external maintenance) Rates - $26/wk LL Insurance $7/wk 100% Loan - $299/wk...

Good Morning We have just listed our house as available for tenants from 12.12.10. The PM is quite certain there wont be any problems finding one. Im just thinking, if we dont get tenants by then, are we allowed to start claiming the interest expense from then, even if we are still there, as...

Good Afternoon I have a VZ Calais with Cream Leather Interior which I want to keep in pristine condition. Its in good condition, just seems a little dirty, a bit brownish. Does anyone know of any top notch products that will keep the leather in great condition and will clean it up really...

Hi SS'ers Just wondering what people out there in South East QLD pay for a Let Fee. Is one weeks rent the usual? Further to this, how much do you pay for PM Fees? Ive been offered 7.7% by my agent, all inclusive (no other fees) & she will even wipe the let fee which is a good initial...

Good Afternoon For the experts :D Can you have a split loan against an IP for which interest on 200k IO (2/3) is claimable & interest on 100k IO (1/3) isnt, but have an offset attached to the 100k portion & make extra payments only on the 100k portion? Or for something like this should...

Hi This is a follow on from a prior thread under "Accounting & Tax". My wife & I have a contaminated 320k loan on our PPOR, which we are turning in to an IP ASAP. Property Value = $460k Loan = $320k As we cant claim any of the loan we are contemplating going down the path whereby I...

Good Morning SS readers/contributors I have an ongoing predicament for which I see two options. Have mentioned this before, but never detailed it. Ill lay out some facts for you, bare with me if you choose. I’m not necessarily after criticism as I realise this isn’t ideal, however when I...

Hi I have about 10 palm trees I want to remove from my place. I know nothing about palm trees (types etc), except that I dont like them. Judging from the attachment, is there any value in these or do you just cut them down and thats that? They are massive, picture makes them look smaller than...

Good Morning Just a quick question in regards to CGT. Im quite sure I know the answer but just checking. We bought an IP 18 months ago which has gone up considerably in value & has been rented the whole time, since day 1. In that time, our PPOR value has not moved. We will be selling the...

Hi Our IP has an old ceramic toilet in it (even the cistern is ceramic) and leaks quite a lot (water from the cistern is constantly running into the bowl). As we will be moving in within 12 months we would want to replace the toilet anyways, so figured we would do it now, even though the...

Goodmorning Was just wondering if it is legal to sell your property to a family member (uncle) who has the cash to buy your property straight away (so no finance costs), then buy it back with full finance straight away? Im just thinking that buying it back with a larger loan may not sit...

Good Afternoon Looking at one of 3 options, one of which I dont know if its even possible (#3) BUT which sounds the best if it is. Our Current IP is worth approx $700k with $450k loan. This is only a short term IP as we will be moving in to this within 12 - 18 months, making it our...

Good Afternoon Im on the Gold Coast and we bought acreage property which has a shabby old fence that needs replacing. The one there is pointless & we need to keep the dogs in + want something a little more aesthetically pleasing. I like the colorbond fences so was after peoples...