Search results

G'day all, long time no post. Just had a call from a tenant, her and her partner have been in the property a few months and their relationship is on the rocks. She wants him out and is asking my advice! :confused: They both signed the lease, he has lost is job and won't pay his half of...

I am thinking of revaluing my properties to increase my borrowing capacity, but I was horrified when I saw the cost. Basically it's 3 properties; PPOR plus IP1 and IP2 $345.00 mortgage documentation on IP2 $445.00 mortgage documentation on PPOR and IP1 (x collateral) $297.00 title...

I am in the process of taking a package, which is quite good and buys me 12/15 months. I am not going to rush into my next assignment, I am going to take a little time to assess where I am and make sure I follow a path that aligns with my strengths and desires so that I can really enjoy this...

Following in freeatlast and corsa's wake I too join the legion of the retrenched. It's a great feeling, if a little scary. As a 50 yo with no passive income (2 x -ve IPs) I find myself clinging slightly to possible internal opportunities but feel deep down that this is the perfect time for...

Partly inspired by Geoffw's brave leap into the business world but largely being restless after 30 years in the corporate world I am seriously considering a franchise. Howards Storage World, spreading into SA after what looks like good success in the East. I have 1 PPOR and 2 IPs, 70% LVR...

Hi all, Happy new year to everyone. After checking the ATO site and searching the forum I am still unclear about whether or not a cash gift from a relative is assessable as income. The scenario is my step-daughter is splitting with her partner and they have offered me a price on their...

This is going to sound a very dumb question to most of you, apologies in advance. I'm looking at my 2nd IP and want to make sure I understand the cashflow. I am trying to get my head around my monthly net cash position. My accountant has been slow in helping me file my PAYG variation form...

Learned forumites, I have been asked by my step daughter to help her out of a pickle and was hoping I might get some advice on any pitfalls from a tax and legal point of view. She is splitting with her partner, who unfortunately has a gambling problem, and has asked me to buy their house...

All, First IP under my belt, now want to move forward. I've got an Investor Split facility (yes, the ATO v. Hart variety!) with Perpetual Trustees. Having read threads about using LOCs to achieve a similar result, that of reducing non-deductable debt in the quickest legal way possible and...

All, Well, after 3 years of procrastination, I've finally got my first IP on the road, tenant moved in last week, all going well. It's a townhouse in a 6 unit development and since this is the first tenant we have had to get the phone connected. Telstra says a technician needs to visit...

All, Can anyone please guide me to where I can get hold of sample tenant application forms? This is my first IP and I've decided to manage it myself, with help from an associate who has some experience. Just can't get my hands on a form. Any help appreciated. Thanks Tom, Adelaide

All, Having just bought my first IP, and still with a mortgage on my PPOR I have got an investor split loan. So all payments, including rent, go into paying off my PPOR while the interest on my IO investment loan capitalises, all deductible of course. I'm aware the ATO is challenging...

All, What a fantastic resource this is, and Kristine for PM I reckon. I've just lost my IP virginity, bought my first after years of procrastination. Settled on Oct 15, still no tenant, getting a little scared. I need you good people to tell me everything will be OK! :confused...