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Keep it all about the numbers. Buy, reno, flip for profit, move on to the next. No chance of getting emotionally involved that way.

It does seem a bit strange that it's coming in dribs and drabs but at least it's being paid ;)

I'd steer away from letting the become tenants. As has been said, they will know every little issue throughout the place and if it's not brought up on the pre-tenancy report then you'll get stung for the repairs. Too much possibility for it to become a headache for you. Go for vacant possession.

It would depend on what species of fruit tree but generally I would say yes. Not much work for you to remove them down the track.

SOunds like he might just be looking after you both ways?? Either way he's certainly doing the right thing by you IMHO.

Asbestos is a great insulator and is ok as long as it is not disturbed, but can cause cancer if inhaled at all. It's prevalent in most pre-1980's houses unless it's been removed - I know that in Canberra in the 1990s the government undertook a program of asbestos removal from a lot of houses...

I'd be pretty surprised if we see any change in the official rate before Christmas. The economy is still adjusting to the change in government, and with the new Senate makeup coming into effect today, the Reserve will want to see how that plays out before changing things too drastically IMHO

Wow that could have been really bad. Luckily you've got it fixed now.

Thanks Terry, that was my view too. And yes you're right in saying that 2a (in your explanation), is what is the norm.

Hi Greg Reid & PT Bear, ATO determination TD 2012/1 does not come into play with the Canterbury system because they do not claim a tax deduction for capitalized interest ("interest on top of interest") This was all explained to us on our second Canterbury meeting. In any case please refer to...

Yep if they pulled out under the finance clause they are entitled to their deposit back in full. Your friend should just relist the property and start again. It's a bugger that they're going to miss out on the property they want to purchase but maybe some negotiations with the vendor there may...

beckstakat, I'm a long term Canterbury client. Perhaps the way the figures work will make more sense if you watch the Canterbury animation: www.youtube.com/canterburyanimation I can see you are thinking about it the wrong way.

I'd avoid tiles. Timber flooring is nice and durable, and bamboo is probably the most hard-wearing of the three options. Go with what you can afford.

Yeah I've heard that they're basically almost racing to jobs to try and get there before other sparkys.

Wow that's crazy! How can they get away with doing it so cheaply??

Sorry Mins. I think your only option is to walk away from this. 12 agents not willing to take the property on is a MAJOR black flag. Do not pass go, do not collect any rent...

My vote also goes for not naughty. You seem like you're now at a different stage of your journey and this would be a good time to take stock, enjoy living for a bit and save up for your next investment.

Heritage listing always makes buyers/investors jittery. However, the dog of an area could turn into a really popular area within the lifetime of the project so it really does come down to what you are personally willing to invest in it.

I used to get this when I first started with IPs. Take it as a badge of honour; he obviously doesn't know what your end plan is, and by trying to drag you down he's obviously trying to justify his own plans. Tell him to FO (in a joking way, or not if you don't really like him) and stick to...

I'd say airport traffic will almost certainly increase with the building of the new airport (which is probably at least 10-15 years away from being operational anyway), so if this pans out legitimately then it could be a good investment??