Search results

Hi all, My wife and I purchased a IP in Dec 09. Both the property and loan are in joint names, which by default would be a 50/50 split. Cue happy surprise! (guess we celebrated too much..) So in Sep 2010 she'll stop working. She probably will get some Family Tax Benefit income. The IP...

Well I didn't think it'd be this hard! All I want is a couple of generic FOR RENT or FOR LEASE signs with a bit of space underneath to write a phone number. Nice big metal ones (~1m width) to tack to a fence or stick in the ground. All i can find are sign-writing shops that charge an arm and...

Was flabbergasted when tenant reported that the power points in the leanto extension out back are wired into the single lighting circuit! There's already 2 power circuits in the board which I thought ought to be enough for a 3x1 house even with the extra living area. There is also a safety...

Seeing the aerial shots on the news with huge expanses of houses underwater and islands of houses left relatively untouched, it got me thinking - there's bound to be hundreds of IP opportunities popping up there. People wanting to move away to a safer area, those who don't want to move but...

Went to domain.com.au, hit up the "List Your Property" link and it advertises this: "Place your rental property online ranging from $88 for 14 days to $165 for 28 days." I think the 14 day price sounds ok, so I go to set up an ad. On that page while composing my ad, it tells me it will cost...

Hi all, The block directly behind my IP was built up about 60-75cm with a sleeper retaining wall which has now rotted away with age and termites. Their fill is starting to pour onto my block. Above the sleepers is a relatively new colorbond fence set in concrete footings on the lower side...

Hi all, Scene : Adelaide inner, water restrictions, dry as a bone Got a call from Excellent Tenant the other day - they want to maintain the existing nice Mediterranean-style garden over summer but were worried that with the lack of rainfall that they'd use up their water quota...

Hi all, A friend has a furnished and tenanted IP. They want to sell the IP, but they want the furniture back at some point. They're happy for the tenant to see out her current lease with the furniture, even under the new owner, but they want it back once that expires, ie. the house would be...

Hi all, [Tenant Hat On] As always happens, we found the right PPOR at the worst time. Unfortunately that leaves us only 2 months into a 12 month rental lease! The agent sent us the usual letter about "rent + advertising + reletting fee" to sign and return - fair enough, they're legally...

Checked out my settlement statement the other day. As well as an all-inclusive conveyancing fee and the form preparation fee, my friendly conveyancer slipped in a $50 "Bank - Mortgage Liaison Fee". Bit steep for a couple phone calls and faxes to the bank, isn't it? :)

Hi all! Been lurking here for a couple of years. I settle tomorrow on my first IP, a 1920s inner-city bungalow. I'm pretty excited and the house is in good shape but one thing still bugs me. The front two bedrooms have nice polished floorboards. BR 3 and the lounge have boards as well...

Example situation I've encountered : - 2 story block of 6 flats, strata tiled. - One unit for sale, asking $200,000 - Last Strata AGM reveals property insured for $900,000 - That works out to $150,000 in building cover per unit. Why would anyone possibly want to offer more than this...

I'm meeting with a mortgage broker soon so I'm just making sure I've got this right : you dump your pay and any spare cash into an offset savings account, and the current balance is deducted from your loan outstanding before the interest is calculated. It got me wondering - can one always...

Hi guys, I'm playing with the following scenario : 4 BR PPOR, 3 rooms rented out, 75% of expenses/interest claimed above the board as an investment property. If at some stage I want an exclusive PPOR and let tenant leases lapse so I am sole occupant, can I then sell after X months with...