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  1. RazzaDazzla

    Requisitions on Title - Answers prior to contract date

    Is it possible to submit and receive answers to a Requisitions on Title prior to signing the contract? My understanding is that typically this set of questions is sent to the Vendor after contract date and prior to settlement. Is it possible / likely to get answers prior to signing the...
  2. RazzaDazzla

    NSW Affordable Housing Scheme aka Granny Flats

    I feel like I've had my head in the sand. It's recently come to my attention that under the NSW Governments Affordable Housing Scheme; provided your block of land is larger than 500 and something m^2 and the granny flat is less than ~64m^2; you can get an approved private certifier and build...
  3. RazzaDazzla

    Tenant wants to change terms of lease

    IP is in a 12 month lease. Lease states that the tenants pay rent 6 months in advance. Letter was sent to the tenants reminding them that their rent was due to be paid by x december. Tenant has contacted the owner (owner is managing the property) asking if rent could be paid weekly or...
  4. RazzaDazzla

    Can LOC in personal name be used by Trust?

    PPOR has been revalued and their's a bit of equity we can borrow in the form of a LOC. We have a Discretionary Trust and would like to use the money from the LOC for investments (property/shares). Just wanted to check, even though the LOC will be in our personal name, if the money is used...
  5. RazzaDazzla

    Vendors Finance. Worth doing?

    I've only just started looking at the numbers for a possible vendors finance (VF) deal. This is all only back of the envelope stuff and random thinkings at the moment. Property is a house pruchased in a Trust Name for $300K pretty recently. Currently owe 90% and paying interest only. Rent is...
  6. RazzaDazzla

    Renovate PPOR and re-borrow OR invest directly in another IP

    Here's the million dollar question. Should we renovate our PPOR, refinance it, then use the money borrowed to purchase investments (either IP or shares). OR Forget the renos and just use the cash to invest. Here are the facts and figures: PPOR is an original condition 110m, 2...
  7. RazzaDazzla

    Insurance for PPOR and IP

    PPOR is a 2 bedroom strata apartment purchased in personal name. IP is a 5 bedroom house in SW Sydney purchased in a trust with a corporate trustee. From what I understand we should insure our PPOR for our fittings, furnitures and possesions. Worst case scenario, fire completely guts the...
  8. RazzaDazzla

    Double checking Monthly repayments

    Each month I am generally surprised by the exact amount the bank deducts from my account for it's monthly payment. I know my way around maths and excel better than the average bear, but I can never seem to get the same figure that the bank magically gets. an example: For the month of...
  9. RazzaDazzla

    Trusts - Do we gift $ to the Trust or does it borrow it?

    I hope this doesn't get too complicated. I am trying to figure out whether I as an individual gift/give my Trust cash so that it can then buy Assets, or if the Trust borrows money from a bank using my personal Assets as security? Some numbers before we begin: In the eyes of the Bank, PPOR is...
  10. RazzaDazzla

    Poor results from Pest and Building Inspection

    Partner and I had an offer accepted to purchase a 4 bedroom house in outer SW suburbs of Sydney. We liked the house as the we believe the area will grow in both capital and rental wise. The house in particular stood out as it was 4 bedroom, and basically the lease attractive house in the...
  11. RazzaDazzla

    Purchasing Post Office Building and Business

    Young friend is always looking for opportunities but doesn't quite have the cash to pull it off just yet. There latest idea is to purchase a Post office that is for sale. The building, land, detached residence is being sold. Advertising says sale price is $590,000 +SAV with Nett Profit for...
  12. RazzaDazzla

    IP in Trust or Joint Names?

    Partner and I are looking at purchasing first IP. Currently we jointly own (Tenants in Common) an Apartment near Sydney CBD Valued at $700,000 with $608,000 owing. An offer has been accepted on the IP for $283,000 with 90 days settlement but no contracts signed yet. Based on our figures...
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