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  1. J

    Questionable Land Tax Assessment

    Hi Folks, I have 2 units the in the same block and recently got my 2005 Land Tax Assessment from my best friend Bob Carr. What I could not understand is that even though the units are on the same floor and almost identical in dimensions, (Might be a variance of about 3 Sq. Mtre's) the land tax...
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    Second garage to be leased as storage legal?

    Hi there, I was in two minds about posting here or in the property management section but I came to the conclusion that it was more a legal issue than anything else. I have a unit with 2 garages side by side. The unit will be rented to one tenant with the inclusion of one garage. The second...
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    The ups and downs of property management

    I would like to know from people who work as property managers within real estate offices what the job is like. What are the good things and not so good things about the job?. I am thinking of doing it myself. I have done the registration course at REI and would be grateful if anyone would be...
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    Double Garage Problem

    I have just bought a unit which I am renovating and will be ready for rent in a couple of weeks. It has a double garage and they are divided by a brick wall (ie) they are completely separate from each other. In order to maximise my return I am aiming to offer the right tenant the following...
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    Freestyler Forums

    Can anyone tell me what has happened to the Freestyler forums? Do they still exist? Do they have a website? If not why not. I have been out of "the loop" for many months Thanks Please advise by mail if OK
  6. J

    Wow this new forum looks great

    Will take a bit of getting used to but a BIG improvement on the last one
  7. J

    Cigarette Burn

    From: John P My tenants vacated the other day from one of my properties. I inspected it and found a burn mark on the top of the bathroom basin. Question: has anyone had this problem before and how easy is it to take off? Will it come off? Regards John Poulos RESI Home Loans...
  8. J

    Unusual Question!!

    From: John P Has anyone heard of a "Papertry Transfer"? If you have, what is it? Why would you use it? and if you could possibly include an example. Many Thanx John_P
  9. J

    Depreciation Question 2

    From: John P I have just exchanges on a unit in Kogarah. It is about 20 years old but it has a brand new kitchen which I will depreciate. My question is: Should I ask the vendor for a photocopy of the receipt in order to assist the Quantity Surveyor? I rang and asked a Quantity Surveyor...
  10. J

    The relationship between redraw and interest

    From: John P I have a loan for an IP with a redraw of 100K. I decide that for the next year I will use the redraw time and time and time again to take out varying amounts each time to spend on non-income producing items. Occasionally I make repayments as well, often being odd amounts. Let's...
  11. J

    Depreciation on Kitchen

    From: John P I have just bought a unit that is about 20 years old and it has a brand new kitchen in it. My question is, when I get a dep. schedule done, can the cost of this fixture be included?? Thanks John
  12. J

    Delayed Settlement Dilemma

    From: John P Hi folks, I need your recommendations / opinions on the following: I bought an IP and have put a holding deposit down.(Have not exchanged yet but thinking ahead, so assume I have exchanged) The vendor has said that he would like to delay settlement until the end of the financial...
  13. J

    Mobile Lending

    From: John P Hi guys, I am really interested in getting into mobile lending but have heard that it makes a lot of sense to get some "Professional Indemnity Insurance" What I would like to know is : What kind of things does this cover you for? Can anyone recommend a good policy ? How much $...
  14. J

    Conveyancer or Solicitor

    From: John P When I bought my last IP I had the conveyancing done through a licensed conveyancer. My friend insisted that I should have used a solicitor when purchasing property. I said why? He said because solicitors have more clout!!! I would like to hear other people's view on this...
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    Looking for another IP but.............

    From: John P Hi guys, I am looking for another IP but now that I feel I have a bit more experience, i am making the extra effort to ensure that my finances are structured in such a way that my money is working as hard as it can. Here are my 2 options as I see them: Option 1 Put previous P's...
  16. J

    Who does Property Belong to?

    From: John P Hey guys, if I wanted to know under what names the title of a house was under, is this public information available ?? If so, who can I contact? I am assuming it is the land titles office. If it is possible, is the info free?? Many Thanks John P
  17. J

    Land Tax Liability Scenario

    From: John P Ok all you legal eagles and others, I need some input on the following scenario. Vendor wants to sell house but vendor owes Office of State revenue 10 years worth of unpaid Land Tax. Vendor does'nt pay land tax and sells house to buyer. During exchange of legal...
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    Part of article from Fin Review...FYI

    From: John P I have only added "part" of article from Page 43 where lenders are getting worried about IP's. The general theme is increased tenant vacancies in apartments. "So today, anyone borrowing from the ANZ to buy an investment apartment needs to have enough capacity to cover the loan...
  19. J

    Break Cost Opportunity

    From: John P I had earlier fixed a large part of one of my loans with Wizard. (This was early last year when rates had gone up about 4 times in about a month and a half.(or was it the year before??)..... Anyway my question is, with rates as they are and the likelihood of another rate drop...
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    Many Thanks to Rob Forward.....

    From: John P For organising the get together at Centennial Park last Sunday. It was nice to meet many of the faces behind the Forum names. I just wish I had more time to talk to everyone. A big thankyou to the nice person who posted the photos on the forum. On a less cheerful note, I am...
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