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Hi all, We recently sold our first IP. This property was number one of two IP's. We made heaps and released cash flow, got some much needed reno's on our PPOR ect ect ect. But.....why do I feel so bad?:o The property was a good little money spinner $3000+ P/Y profit after expences but...

Hi all, Just a quick story to make you smile. We are lucky enough to own an IP a block from our PPOR. Occasionally I drive by and see how the place is looking. Until recently, the tenants have been doing a good job mowing ect. I drove past the other day and noticed every single green...

http://www.news.com.au/story/0,23599,20528828-1702,00.html Hi all, I was reading this sad article when the last paragragh stood right out and bothered the hell out of me. What do you think?

Hi all, Has anyone out there developed a debt reduction spreadsheet they would like to share? I am interested in comparing different loans and visually seeing which loan will have the most effect by making extra repayments ect. I did a search on the subject and while there is plenty of...

Hi all, Just wondering if anyone has used the products that paint straight over old bathroom tiles ect. My bathroom is looking a little dated and the grout looks even worse. While most of the tiles are in good condition and the bath as well I was wondering if its hard to do? Do you just...

Hi all, Has anyone invested in this piece of software? If so, is it worth it and how much did you claim back from the banks? Thinking of purchasing. Thanks

Hi all, Just wanted to know if anyone has had anything to do with a firm called CharterEquity. They have an office in Mawson Lakes SA. Basically they are pushing the whole "we can cut you home loan by several years" action. I was very dubious at first but after spending about 4.5 hours...

Hi All, I read an article someone wrote about LOC's do's and dont's a while ago, but can't find it now. I made the big mistake of using a previous LOC as a general all use account ie pay goes in, bills not related to IP come out. As a result I could never accuratly claim interest. I have...

Hi all, I have owned the house in question for about 9yrs. It was my PPOR for about 3yrs and then became my first IP. I have never claimed depreciation on the property and I am now seriously thinking about selling. House is 3br weatherboard. Over 40yrs old. Put in new carpets in bed...

Hi all, Posting this question on behalf of my boss who has just purchased a unit in a block. He asked me if his strata insurance would be enough cover, thus avoiding the extra expence of regular insurance. My advise from previous reads was that his strata insurance would only cover...

Hi all, Can you fellow forumites tell me when you first do your depreciation schedules on your properties after purchase? :confused: and Also can you tell me how long after you purchase a place do you refinance to access the equity? :confused: How can you tell if it has increased...

Q1. When you use your LOC as a deposit or any other repair/maintenance on your IP how do you claim that portion of the interest? :confused: Q2. When working out whether a property is worth buying or not, does anyone inclued the costs of using a LOC for deposits? How? :confused:

Hi All, The settlement of my second IP just wen't through today. :) This should have been a happy occasion and was until I saw the place. The owner/occupiers were pigs and when I first looked at the place I saw loads of junk all over the yard. I specifically requested in the contract...

Hi all, Was wondering what sort of property trackers ect people have used or recommend? I have three properties now and my old spreadsheets are getting a little complicated. Has anyone used the Somersoft version? Does anyone know of another worth the money? I want something that will...

Hi All, I know LVR stands for loan to valuation ratio but........... Can anyone explain to me what it means to me as an invester? :eek: How do I work out my LVR? :confused: I did do a search before asking this but it seems that everybody metions LVR in their posts and I was not going...