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Hey guys, Back on the forums. Just had our first baby - amazing how much effort it is to take care of one. @Trogdor - thanks for the advice on understanding market rent, the effect on the tenant and balancing it against return. @Dazedmw - thanks for the heads up on the Retail Leases...

Hi srini, Thanks for the encouragement, and great work on building up that $100k equity :) Re your question, I've only bought my current IP's under personal names. Had my first meeting with an accountant last week to understand how to claim depreciation and other nifty things I could do to...

Tell me about it. I got copies of the leases for two of the properties and man... my brain hurts. I think it's going to take me all weekend and a couple of reads to make sense of the jargon :confused: And the leases are a piece of cake compared to the proposed contracts of sale. Ah well...

Lessons/Notes/Checklist To try and keep all the gems on the first page of this thread. Will update as we chug along. post count +1 :p

Cip 4 I'll post updates as this progresses -------------------------- 11/09/2013 This one's interesting. It's a retail joint but with permits to build an apartment on top and keep the ground floor for commercial use. The location's alright and I think it might have value. Of course, it...

Cip 3 I'll post updates as this progresses -------------------------- 11/09/2013 Another small retail joint. The location is great for foot traffic. The business seems a bit seasonal. Cheapest asking price of the four and lowest net yield. Though I'm not sure if I'm calculating it...

Cip 2 I'll post updates as this progresses ------------ 11/09/2013 This one looks like some sort of storage/showroom area for bulk goods. I like the location. It has it's own parcel of land. SMS sent to the REA (Real Estate Agent) requesting a copy of the lease - Got a call back...

Cip 1 I'll post updates as this progresses -------- 11/09/2013 This one is a small retail joint. It had a good feel to it because the tenant seems to enjoy what they do and have good feedback - which is a good thing for sustained, steady rental payments I guess. SMS sent to the REA...

Hi hi, I have zilch experience with CIP's and hopefully this thread evolves over time to help others like me. My goal is to get good at conducting due diligence (also referred to as DD on the forums) Here's my plan: Search for CIP's in Melbourne in the <$500k range Pick some that...

Thanks so much for the warm welcome everyone :) @ oOo - no pets, but we nearly bought a Toyger in Feb as a Valentine's present. Then we found out we had another present due in 9 months ;) @ datto - Cheers, cya there @ china - Sure thing

Couldn't find an intro section, so thought I'd post here where the cool kids hang out. I discovered the forums last week and have been reading avidly since. A bit about me - I work as a business analyst and enjoy computer games, the gym, movies and eating out. I've got 2 residential...

Hi Lil Skater, please count me in for one. Thanks!