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    car park spot

    Just doing some budgeting and realising im paying a shitload on public transport ever since opal card released. At the moment to get into work i catch a bus and a train. This is $3.50 & $4.50 each day costs me $16/day. I also drive to another office once per week and car parking public is...
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    Shift in asset classes with tightened lending

    Guys, A thought just came to me as I was on somersoft. Noticed quite a few lenders now beginning to have stricter conditions on lending, as well as lenders restricting the aggresive standpoint of approving concessions lately... My goal from 2015 onwards was to build a share portfolio...
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    Prepaying interest to increase expenses this FY

    Guys, This FY I worked in a sales role and also had a couple investment properties under my belt. My bonus component was $30k and considering prepaying interest to help offset this. How do I get a rough guide on how much to prepay. My investment debt is around $1.6M but are spread out amongst a...
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    Market Cooldown?

    Hi Guys, Havent been as active in the last couple months as the market was way too hot and I decided to sit on the sidelines. Currently I'm in the process of having the last of my portfolio valued through the bank to extract all equity in preparation for the next few years to purchase...
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    Should I sell property to take advantage of no CGT

    Looking for some input. My current PPOR is an OTP unit that settled earlier this year. As far as I am aware, there is no CGT applicable as long as I live in this unit for a reasonable length of time, and sell within 6 years of ownership. I plan on moving back home around March 2015. As a...
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    ASX 3 days down in a row...correction time now?

    Thrre days in the red. Not significant... But could this be the sign of the corrrection that is overdue, thoughts?
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    Property Lease expiring soon - secure tenancy asap tips

    Guys, Have a unit in Marrickville. Lease is expiring in 6 weeks, strata want to doa fire/safety audit and need access to the unit. So I forwarded the correspondance to my PM to liaise with the tenants. 6 weeks till the lease expires and the PM gave me a heads up that the tenants asked...
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    debt recycle strategy

    Been doing sone reading regardi the debt recycle strategy. Correct me if i am wrong but it looks like you can only implement the debt recycle strategy if you have bad/non deductible debt to begin with yes?
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    verification needed for accepting cash - NSW

    Herro! New tenant wants to pay cash. Proeprty is in NSW. Im ok with this, but for a legal point of view, do I have to provide receipt, or anything?
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    Renegotiating price under cooling off..next steps

    Put holding deposit on this property. Did build And pest. Raised some queries with the build and sent it to the agent. The agent forwarded tot he vendor solicitor and maybe vendor. I'm sure the agent won't help the vendor here but I hope I can get a better price. Last contact with agent was I...
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    cheap ways to add value

    Just got a new ip, and this one is a freestanding house. What are some great bang for buck value adds I can do to get some nice equity out of the property. nothing too large. but looking for value here
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    deposit loan. didnt use all of it. another deductibility question

    Borrowed $92k from existing security. Set this up as a new/separate loan. Lmi of $10k was capitalised onto loan. Just exchanged for a new place under cooling off last night and turns out i only need $69k for 10%&stamp duty. There will be $21k left over. Now i will put these funds into the...
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    Back room not STCA

    Went to an open house today and seen this back room that looked pretty swell! I forgot how the conversation spruiked up with the REA, but he said the previous vendors did that value-add over a year ago and he knows it was not council approved. So this has been the case for over 12 months and...
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    Internet/phone line for tenants

    Hi All, Moving into my new PPOR and looking to set up Telstra phone line connection and internet. After 6 months will be moving out and renting out. Questions: 1 - Worth it to keep phone line/internet for tenants with extra in rent? 2 - should I just keep a phone line - worth it...
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    left over funda from home loan. deductible???

    Hi guys. i set up a new loan of $100k. It is svr attached to a transaction account. The $100k is now sitting in said transaction account. For my after deposit and stamo duty us paid. I have $20k left over.... If i repay the $20k from the transaction account back into the honeloan redraw...
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    Your Opinion on no cash+no lmi or cash buffer and a tad of LMI

    Guys, Looking for some input from you for my next property purchase. Option 1: Borrow 80%, no LMI applicable but only buffer of around $2-3k Option 2: Borrow 85%, LMI charge of around $5k leaves around $17k cash buffer Option 3: Borrow 90%, LMI charge of around $10k, leaves...
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    Is vendor delaying me?

    Hi Guys, Found a property we really like. Auction is in a few weeks. Asked for contract since Friday. It has been an incomplete contract and even today, still the incorrect contract of sale. Are the vendor's side delaying me to provide them my offer prior to auction (even though I am happy to...
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    any issues with these easements

    1 * RESERVATIONS AND CONDITIONS IN THE CROWN GRANT(S) 2 * DP855479 RESTRICTION(S) ON THE USE OF LAND AFFECTING THE PART(S) SHOWN SO BURDENED IN THE TITLE DIAGRAM 3 * DP855480 RESTRICTION(S) ON THE USE OF LAND AFFECTING THE PART(S) SHOWN SO BURDENED IN THE TITLE DIAGRAM 4 * DP869218 EASEMENT TO...
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    fully furnushing an ip- deductions

    Hi guys. Hopefully in the next 3 months i can get a new ip. i have tenants lined up for the bext 5-10 years and looking to fully furnish the placd also. how long can i claim deductions of the furnished place. Ie claim back the items if furniture i purchased? Hiw is this tracked? What...
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    Buying property near power ines

    Hi All, Looking for a bit of advice. Have found a property which ticks all the boxes. location(almost) price number of bedrooms and bathrooms. THe only downside with this property is it is facing a massive power line tower thing. Lending wise, I will be borrowing over 80% so LMI is...
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