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Hi everyone, Just did an inspection for an IP that has been vacated recently by the tenant. They have left a lot of tools and other things behind (ladders etc). Does anyone know of a way to get a few dollars out of them without having to post each item up online? Has anyone...

Hi Somersoft! I am about to embark in my first true reno in the next couple of weeks (previous tenants have not treated the place very well). From what I can see, the 3/1 will need paint, new carpet, curtains, general clean up and considering a new kitchen. What I am interested in is if...

Hi everyone, Just wondering how the banks view sales commission in terms of income? Do they only take into account salary? I'm looking at a property which would be valued at about $750k in Sydney but would be able to get $450pw rental income by leasing out part of the property...

Hi everyone! From everyone's advice and experiences on the forum, I have used a LOC as a deposit on IP#2. The question I have is what do others do with this debt? Do you leave it as is and claim the interest and never pay down the debt?? Or do you start putting money into on a...

Hi somersoft brains trust! Have done a search for recommendations but the threads are a few years old. Are there any current recommendations for a good PM in Wagga? PRD and Elders both offering 8.8% but don't know anybody who have property there. Any help would be greatly appreciated...

Hi guys, I hope this doesn't sound silly but if there were 2 units on one title and you wanted to get a building and pest done, do you get charged for two separate ones? Thanks in advance On another note, is there a way of finding out if an area or particular street is affected by...

Hi guys, I have an IP that requires what I would think to be extensive renovations (paint, flooring, kitchen, landscaping). Just wondering if anyone knew of any companies that are out there that take care of the lot? I need to get it done ASAP once the existing tenants vacate and I...

Hi guys, In light of recent events, I may need to do a fairly large reno on my IP. I have about 50-60k equity and was wondering how a line of credit would work to fund this reno as I would rather not spend the cash. 1 - Do I have to talk to a broker or can my lender help me with...

Hi guys, I'm in a bit of a pickle and would like some advice. I own a 3/1 in a nice suburb and have recently changed property management to someone more competent (whole other story). The tenants have been in there for 2 years but the house has deteriorated slowly over those two...

http://www.realestate.com.au/property-house-nsw-north+st+marys-111021215 P.S. Due diligence is recommended :)

Hi guys, Just a quick question, say some damage has been caused by the tenant and bond money had to be used to repair it, what happens next? Does the tenant have to top up the bond money to the original amount or is bond a finite amount? Cheers

Hey guys, Just had an interesting chat with my new property manager... So these tenants have been in my IP for well over a year and I haven't heard too much from them and rent is always paid. While I drove past the other day, I noticed there were lots of cars parked on the front...

Hi Guys, I've got one investment property atm worth $450k. The outstanding loan is $300k and I was looking at possibly using the equity to use as a deposit on another IP. Now, when I chat to my lender at CBA, she says they only use 80% of the property's value in calculating equity...

The reason I ask is that my mother is nearing retirement and the kids are basically all out of the house. She's got a double storey 5 bedder which is very empty. Can she sign the house over to myself or my sister without actually selling it? If so, what are the tax implications and/or costs...

Hey guys, First of all, let me say this is a fantastic forum! I'm a 25 yo looking to purchase my first IP in the Mt Druitt area. It's a 3X1 brick veneer. I'm looking at the contract with my solicitor and we see there's an easement for transmission line vested by the NSW...