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  1. J

    Underpinner recommendations

    Hi all Has anyone had any experience with underpinning a brick house in the Geelong area? Is there anyone you recommend or do not recommend? PM if you wish.
  2. J

    Easements / ROW

    I am doing DD on next purchase. Sorry long post The title shows a carriage way - which permits access to the back of said property via the back left hand neighbour's property. Eg 1 2 3 4 (4 is IP and 1 is neighbor with carriage way) Also along the rear there is a 3m wide drainage...
  3. J

    State Trustee Property

    Does anyone know how state trustees operate in terms of accepting offers? Background. Owner has gone into a nursing home and State Trustee (ST) is selling the house. It went to auction and was passed in with no bids. It is now for sale with a narrow price guide. Selling agent told me the...
  4. J

    name still on title

    Approx 8 years ago my brother bought my half share of an IP. He had the other half. We used the same conveyancer for the sale. I paid the bill. Assumed coveyancer did his job The sale was included in my tax return and I paid CGT. I don't know what brother did, if he paid stamp duty etc...
  5. J

    Stanhope v Baulkham Hills

    Not knowing Sydney very well. I would like personal opinion with investment hat on, on buying a House in Stanhope Gardens or Glenwood v townhouse or villa in Baulkham hills pls.
  6. J

    Strata or house?

    Hi Almost ready to purchase another IP. With our budget we can buy closer in - unit, townhouse etc with strata fees or further out house with no strata. I will be buying in NSW. Long term buy and hold. I am at present anti strata (house on own title is all I have previously had)...
  7. J

    Insurance during settlement

    It has been a while since I last purchased an IP. Will be signing contracts today and I need to get insurance. I have tried a few online quotes however the oprions don't apply 1. I own the home and live in the home 2. I own the home but tenents live in the home I don't own the home...
  8. J

    Acessing Equity

    I need to access the equity in my PPOR so I can buy the next IP. Value 600k Owe 210k (P&I) wish to access the 270k. Bank is ANZ. I also wish both the 210 and 270k to be IO. Bank manager wants to do a top up for the 270 set up as a LOC. (My accountant advises not to use LOC set up if...
  9. J

    Outside Toilet

    I went to an open house today. Reasonably good condition property and price. The catch is the property has an outside toilet - distance approx. 6m from the back door and you have to go down the stairs at the back of the house and there is no path to the toilet. The property is on septic...
  10. J

    best way forward?

    Looking to refi to release equity for new IP purchase (long term a few IP purchases) Why is it better to refi all properties and release all available equity for investment purposes at the one time? Meaning change of lender, higher rates, lower vals than current bank has BUT more flexibility...
  11. J

    How do you 'get over' stuff?

    I thought some of you strong / tough minded people may be able to share how you 'get over' things. A friend of mine had a high risk pregnancy. She had a meeting with the boss to discuss when she would finish work. Her boss suggested that if financially they could cope that she leave asap and...
  12. J

    Trusts v Own name

    How do you decide which is better? I am interested in others perspective / 2cents on this. I work in a factory and wife works in public service. We don't have a business and are not likely to own/ run a business in the future. We have 3 young children.
  13. J

    Your mindset

    We are starting our property investing journey a new. We have the end goal and a plan. Honestly - my belief in our ability to reach the end game fluctuates. Most days or 95% of the time I believe we can do it. I am inspired and motivated and optimistic. Then there is the other days...
  14. J

    Setting your limit

    Potential IP is for auction in a few weeks. The agent gave me the rough guide of 240-260k. At the open house I heard him tell someone else 230-260k. Background info is last sold in 2007 for 184k add 20% growth (4 % x 5 years reported growth in area) is 221k is the figure I have come to as what...
  15. J

    An objective view please

    We are just about to finish renovating our IP. It certainly has been a rollercoaster ride. We are leaning towards selling it. To be honest the reasons for selling are partly emotional in that we would be glad to see the back of the place ... and if we rent it we dread the thought of someone...
  16. J

    Using Equity in PPOR

    Hi I understand that I can use the equity in my PPOR to enable me to buy IPs. But I do not understand the how - in terms of loans and structuring. For discussion just say I have 400k in equity to use for IPs. I want to buy 5 x 300k properties (just a simplified example) I would use 80k...
  17. J

    When to sell?

    I am renovating an IP that will be finished in realistically 8 weeks time. It has been an ongoing project for the last 12mths - in hindsight lots that I could have done differently. The situation is I don't know whether to sell it or rent it out. And some of you will say it depends on my...
  18. J

    Buying Flats - what do i need to know?

    I have never bought flats before. The property I am looking at has 3 under the same roofline. They are being sold as one lot. The section 32 includes the title but it looks the same as normal unsubdivided block. There is further info included from land.vic.gov.au which identifies each...
  19. J

    Contaminated LOC?

    The situation Renovating IP. Took out equity loan / LOC against that same IP to fund the reno. LOC came with a cheque book. Tradies we hired were paid by cheque or direct deposit from the LOC account. But the DIY stuff was purchased on our credit card becasue didn't have an access card for...
  20. J

    PM Mornington Peninsula Area

    Can anyone recommend a good PM in Rosebud?
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