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Just to clarify everyone - I signed an exclusive management agreement with the said agency that is closing down. we are 3 months into a 6 month agreement. Would the bond be lodged by the agent with the agent and tenant or landlord and tenants details on it?

Thanks for both your prompt replies. The agent is a shonk (sometimes taking 8 weeks to transfer rent - after I finally threaten them) and I am more worried about getting my last rental payment and also the tenants bond so I can start a new lease elsewhere. He did give me a call today asking...

Hi all, Quick question for you all. My managing agent (who has been horrible with paying rent etc - I have had to threaten him several times) has now shut down his RE business or "sold" his rental roll to another agent which he is now working for. The tenants could not pay their rent today...

Hey guys, back to see this thread through to help anyone in future. Thanks for your responses. Got it connected in 2 days by origin. Also funnily enough did use the stairwell and an extension cord until it was connected (had the carpeters in) Guys to be honest it is all hit and miss. Nothing...

Thanks Thank you Propertunity. Sounds like its going to take a week or two? Is there any way of finding out who the last retailer on the property was? Maybe they can expedite it? Thanks again for your help.

Hi all, I am about to settle on a IP in Sydney which is an older style red brick apartment.. The electricity is disconnected as no ones lived in it for years. What should I do? The selling agent is advising me that it takes one week to get it connected and I shouldnt be doing this in...

Thank you so much Peter, wonderful help. Champion mate.

Michael, You're a legend mate. Thanks for replying. I will check it out tomorrow. I didnt want to refinance or cross collateralise so thats a great help. Can I still negotiate a good deal on a loan or are the rates higher as I'm using equity rather than cash for a deposit? Thanks

Thanks Peter, yeah I know its a person but since I was referring to myself I chose to reference the asset :) lol thanks so much for your reply mate. I totally understand cross collateralisation, thats sort of what I'm trying to avoid here, along with paying LMI and taking a chunk off my...

Hi all, Can someone please help me out? My PPOR is valued conservatively at 750k with 170k owing on it. I am looking at purchasing an IP for 300k. I want to put 5% deposit down. Can I use my PPOR as a guarantor for the other 15% to avoid me paying LMI? If this is possible, can I...

Strathfield Sadly 1.7 doesnt get you much anymore in Strathfield if you are looking for a fairly recently built 2 storey home. A 2 storey on Arthur St Strathfield sold for over 1.7 on the weekend. And Arthur St is extremely busy. youll have no problem finding an existing full brick single...

something like this might be up your alley. http://www.realestate.com.au/property-apartment-nsw-ashfield-115738899 otherwise look for a studio in petersham maybe.

Thanks for your replies everyone. lots of useful info to think about.

Hi all, Long time reader coming back into the fray to post! I'm looking for my first IP again. I sold my previous a couple of years back, got married and purchased my PPOR and paid down the debt. What I would like to spend is 350-400k for a house, or 300k on a unit. I'd like to stick to...

didnt think Belmore was that bad..!

What about Belmore? I would say Belmore/Lidcombe for train line. If you didnt have to catch a train Id probably say Belfield, just after Croydon Park. 14kms from city approx.

do you think so rolf? would that not get me on their radar? lol.... cheers,

My solicitor did mention though that as stated above I could be on there as a 5% owner and still receive the grant. Is it cleaner to just ditch the FHOG entirely? bit late for your suggestion, as both names are on the contract of sale. thanks mate.

Saw that one too, however it was virtually on Parramatta rd.

thanks everyone for your responses. So basically if i put myself down as a 5% interest party both names will be on the title. will there be any later auditing implications if I do this? the last thing Id want is for us to be chased down to pay back the FHOG with interest.