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Hi, Could anyone please share the name and contact of good solicitors and building and pest inspectors in Brisbane ? I'm hoping to purchase an IP soon in Bris. Many thanks.

in your investing journey, how do you handle the stress ? Uncontrollable & unanticipated things like bad tenants, property damage due to flood, accidents, bad people, structural issues etc..to name a few ... Do you get put off with how it affects your quality of life, stress level and health...

Hi, Anyone who has had a leaking tiled shower and ended up redoing it (rip the tiles, waterproof and retile. All done by a licenced tiler), could you please share how long did this last before it leaks again ? A tiled shower in my IP is leaking due to failed membrane and needing to be...

Hi All, I bought a property late last year in Sydney with a lovely renovated bathroom. Just last week my PM discovered that there was a leak through the walls and the plumber verified that there is no signs of waterproof membrane visible under the tiles. This leakage is serious and requires...

Hi forum members who are tax experts, Was just wondering if you could please let me know, is the cost of major maintenance work (similar to renovation) done within the first 12months of purchasing an IP tax deductable ? I had no intention of renovating when purchasing as the place was just...

Hi All, I bought a property 8months ago with a newly renovated bathroom. Building & pest inspection was all good, even did a thermo check and no odd moisture was detected in the bathroom. However just this week my PM found a leak in one of the bedrooms. A plumber inspected and discovered that...

Hi All, I'm trying to extract some equity from an IP in NSW to fund another IP purchase. The equity I'm accessing is only 20k but there's a gov charge of about $850....that's over 4% The banker says this is a NSW gov charge for borrowers who wish to increase their existing morgage. The...

Hi, I've just purchased a property in WA due to settle now. After building inspection we found a few items that need to be fixed and the vendor agreed in writing that he'll get them rectified by settlement. Also on the contract we both signed that all appliances are to be fully functional at...

Hi All, I have a property due to settle in WA tomorrow. There were a few repairs and incomplete painting jobs around the house that the vendor agreed (as per our contract)to get them all done & fixed BY 8/4/13. He didn't even get started until that day. We had 5weeks contract period. Now half...

Hi All, I'm still on L-plate with prop investment and hoping the forum experts who have made it could give me some pointers on how to achieve my goal a bit sooner. * Goal: would like to have a passive income of $50k a year + own PPOR * My situation: I'm in my early 30's, have no...

Hi All, I've just secured 1 year old villa in Balga, Perth. Since it is still quite young is termite inspection still neccesary ? I've arranged for building structural inspection and asked the inspector if he thought termite check was neccesary. He says it's up to me and is good for a peace...

Hi All, I currently have an interest only loan with offset for an IP with LVR of 90%. All my savings (i.e salary income after tax etc) get parked in there to reduce the investment interest bill. I don't have a PPOR but am saving for one and planning to buy in the near future. The savings...

Hi All, I've been contemplating purchasing an IP in Brisbane for a while now but couldn't get over the fear of the flood that happened in 2011. How do you mitigate the risk? Is having a well covered insurance enough ? Please share. Many thanks.

Hi all I live in Melb and previously placed an offer on a property in Sydney which got rejected. 3 months later the agent sent me an email asking if I was still interested. I was and also offered them my best price. He then asked for my solicitor details and said he's confident the vendor...

Hi everyone, I called up an valuer today for a quote on a unit I'm considering buying for investment in Lakemba. Knowing I'm from interstate the guy was very helpful and offered a lot of valuable local information :) .... He said the suburb is not very safe or easy to live in due to the...

Hi All, I'm about to place an offer on a 38 year-old 2BR apartment. Is it as important to do building and pest inspection on apartments/units as it is when purchasing houses since there is already strata in place ? Please advise what are the due diligence required when buying a unit to...

Hi everyone, I'm considering buying a 2br apartment unit that's about 40 years old because that's all my budget could afford for an IP in the inner sydney suburbs. However the following thoughts have been bugging me: Since old houses appreciate in value because of the land component...

Hi, Please share: Where are the good links and/or sites that have info on where the market cycle is at in each state in Australia. Where can one go to find the current time in market of a state ? Thank you

Hi everyone, Which trust structure is to best to use for negative gearing and asset protection purpose ? (Protection from the family court, a spouse, in the event of a relationship/marriage breakdown, etc) Do you have any recommendations on a good lawyer or accountant in Melb who...