Search results

Hi There are 2 weeks left to settle for a property with a newly built granny flat. There are a few things that have not yet finished. For example, electricity has not yet separated from the main house. There is a gap between window and wall. It should have been filled with cements. I asked owner...

Hi, I am applying BASIX certificate for my garage converted granny flat. There is one item that I am struggling to pass - the energy. I need 40 to pass but I only got 12 now BEFORE adding the score for hot water system. The existing electric storage hot water system (score 2) is dragging...

Hi I am thinking of setting up a SMSF and also a trust to buy my next property. Could someone recommand a good accountant in North Shore area in Sydney please? Thanks in advance

Hi, I am in the process of regularise my garage converted 36-sqm granny flat. The granny flat has been there for around 20 years. Council requires the following 1. on concrete slab & plastic sheeting on top of concrete slab 2. minimum height of 2.4m 3. laundry to be installed (a tap...

Has anyone asked an electrician to install a new electricity wiring from main street plus an independent switch box before? How much will it cost? My granny flat is connected with a single wire to main house's switch box and it constantly got tripped off. Hot water system, lights, oven, TV...

Hi I purchased a property with a pool and a poolshed. The poolshed has a kitchen (without stove), and bathroom. I rented out to a large family and the adult kid lives in the poolshed. Someone reported to council and a building surveyor came to inspect the poolshed. A few days later...

Hi, I live in Upper North Shore in Sydney. I am very enthusiastic about property investing. I have bought 2 and am very keen to learn more. I am looking for someone who is enthusiastic about property investing and is willing to share stories/experience/strategies with me. I am sure we can...

Hi, I have a 3-bed property with an agreed number of tenants inside - the single mum and her two daughters. 6 months later, the single mum told me that she is engaged and her partner is moving in. Q1. What do you normally do in this situation? I am thinking of increasing the rent by...

I exchanged contract for a house on October 21, 2013. The agreed settlement date is December 2, 2013. Since the property is sold by NSW Trustee and Guardian, there is no cooling off period and I put down 10% deposit (around $35,000). The dealing with ubank has been good at the beginning. :) I...

Hi I am got a unmetred 1-bedroom granny flat (1 bedroom,1 kitchen, 1 bathroom) to rent out to a single man. I am not thinking of getting separate metres for electricity or water. What is a reasonable FIXED charge to the granny flat tenant? Is $20/week too much? How much do your normally...

One of agent's tactics I have seen - good for the sellers, "bad" for the buyers 1. give a "fair" comparable market price to seller, say 320k-330k. 2. advertise it as "over 330k" 3. get offers from potential buyers, say 330k, 331k, 335k, 337k, 339k, etc 4. come up with an imaginary price...

I made my offer to a property and vendor has accepted my offer last Friday. Today, I got contract from vendor's solicitor and signed in front of my solicitor. Then I brought the contract back to vendor's solicitor's office. Vendor's solicitor told me that one guy has a higher offer than...

I found a property with an in-ground pool that needs repair. The condition of the in-ground pool 1. there is no water in it 2. its height is around 2 meters!! Why is it so deep? 3. there is no tile around the walls. just cement. Has the tiles been ripped? According to the agent, it just...

Hi It looks like that 820sqm is an awkward land size in a 450sqm-minimum zones. 1. It is not big enough to subdivide. 2. You pay premium of around $30k-50k to get it compared to standard 560sqm If two properties are of similar location, which one will you choose and why? A 3-bedroom fibro on...

Hi, I am thinking of investing in Central Coast. If you live in Central Coast or have investment properties in Central Coast, you might be able to give advises. 1. For the following 3, which area is good for long term growth and why? What are the goods/bads for each area? The Entrance...

I am getting a landlord insurance + building insurance (250k) from Honan. Below are the breakdown cost, does it look ok? Premium $556.50 U'writer Levy $0.00 Fire Levy $90.62 GST $72.36 Stamp Duty $64.06 Broker Fee $76.46 For those who have got landlord insurance + building insurance...

I have an unencumbered IP. Currently I am arranging a loan to take out 80% of the equity. The lender asked for a building insurance. Do I take out those combined Landlord insurance+building insurance? Or do I just take out building insurance? What is normally the price difference? For...

A fibro house on a 670sqm land with granny flat potential. The house is in a very bad condition cosmetically. It has 3 bedrooms, 1 kitchen, 1 living room and 1 bathroom with toilet. The seller is asking for $390-$410. I am thinking of making the following offers with conditions (3 of them)...

I would like to know how much roughly (in thousands) it will cost to renovate a house like the following to a degree that will attract tenants. Will it cost something like $20,000~$30,000? Have you done something similar (ie. almost full reno) and how much did it cost you? Do you know any good...

I am thinking of getting loan #2 with the same lender as my loan #1. loan #1's security is IP #1 loan #2's security is IP #2 so there is no x-securitisation I have asked the lender 1. will re-valuation of IP#1 occur if I re-valuate IP#2 the lender said NO 2. will the proceeds of sale...