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We have just had our house valued and are able to draw approx. $100,000 in equity. We would love to complete a renovation on it and build it up 2 story and add another bedroom but wonder if we should purchase more property with the money. What do others do when they have such equity in their...

hello, Does anyone know if there are any lenders out there who will provide finance for a property while you are still in your 3 month probation period at work. I know that it may involve higher a higher interest rate etc. but I just wondered if anyone has been in the same or similiar...

Does anyone know where I could find some examples of letters of offer used to make an offer on a property. Thankyou

Hello, I was just wondering if buyers are offering 10% of the purchase price of a property as a deposit. I am looking at making an offer on a property but the vendors want a 6 month plus settlement and I dont want to tie up $20,000 for 6 months when it could be sitting in my offset account...

Hello, I know it is ill advised to sell property held in a discretionary trust however due to circumstances there is no way round. I know I will be up for cgt (I hate to think) but I wondered if the fact that I have never made a profit off this property and made losses for several years will...

I was wondering what your views were on paying off your home first before buying an investment property. I was reading John Burleys debt reduction plan and it seemed to make sense to me to pay off your own home in under 7 years and save hundreds of thousands in interest repayments but am I...

I was just wondering if anyone has used 'Advanced Financial Answers' as their accountants and if they were happy with them. I am not looking for an accountant but a friend of mine wants to use them and as I have not heard of them I thought I would ask here. Thanks for your help.

Hello, I was just wondering if you can claim whitegoods on your tax return for your investment property that is held in a trust. Thankyou for your help.

Hello, I have an investment property which I have as yet been unsuccessful in obtaining a postive cash return for since its purchase. ie. my outgoings have always been higher than my incomings :( So far, I have accumulated some $20,000 which apparently I can claim for once the investment...

Hello, I am looking to purchase a rangehood for one of my properties that I intend on living in for a while and so wanted to purchase a very good quality one. The only problems is, the market seems to be flooded with them and the salesperson is recommending any one I look at to get a sale! :(...

Hello, I have a problem with rising damp in my IP - it does not seem too bad at this stage, actually noticed it after having the house painted and it started to bubble in places. I am in Melbourne and needing to get some quotes from specialists who treat this problem and wondered if anyone...

Does one claim the interest only payment on tax made to the bank each month for ip loan repayments? Cant really believe i'm asking this, I've had a block in preparing my tax return. :confused:

I wondered if anyone has set up a business which is used for the sole purpose of renovating properties and if so if they would mind sharing their experiences. For example buying products eg. carpet, appliances at wholesale etc. Is this legal and indeed viable? Thanks

I have recently obtained a natural healing diploma and was looking for a consulting room for rent in which to practice. I wondered about the possibility of purchasing a house and converting it into consulting rooms which I would in turn rent out and use one myself. I understand that I can easily...

Hello, I am wanting to install air conditioning into one of my ip's (maybe its the few hot days that we have just had!) and have just obtained a price on evaporative cooling. I am concerned that it may not work well as I have heard that this type of cooling is unsuitable for Melbourne weather...

Hi, Just a quick question! I have one property held in a trust company and have some money to invest and wondered if it was advisable for the trust company to purchase some shares? Are there any disadvantages in the trust company purchasing shares? Thanks for your help.

Just wondered if anyone on the forum has used mf simmonds mortgage brokers as they have been mentioned to me but I wondered about the $500.00 fee. I was just after some feedback in considering my options, to date this company is the only one who charges an upfront fee. Thankyou for any feedback.

I need some guidance please. My ppor is used as collatoral for an investment property which is currently on the market. As the ppor is being kept by my partner in a divorce settlement the bank wants me to sign a deed of contract on the ip. I wondered if anyone could explain to me how this works...

Has anyone enrolled in Wildly Wealthy Women and if so, has it been worthwhile?

I am hoping to refinance my property after a divorce settlement but have lost my job and have not been working for one month. I expect to be working shortly but am concerned about qualifying periods. Can anyone advise me if there are any lenders who will consider refinancing me without the usual...