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We are currently in the process of changing the loans for our 2 IPs from our Trust company name into our names so that we can claim the loan interest against our income. (The property titles stay in the Trust company name). Paperwork is all but finalised with one last hiccup...The lender...

A95, All you need to do is in the 'deposit' area of the contract, write that you will give a $200 deposit immediately, and a further $10,000 (or whatever you want) within 24hrs of the vendor accepting the offer. This is regular practice. Good luck.

1706 point 84 km!

Just wondering if anyone can give me a recommendation of a good accountant for my sister and her husband in Port Macquarie. They need someone who is familiar with accounting for primary producers. Thanks in advance.

Hi Scott, Why not post your questions here? There are a number of qualified and experienced forumites that would be happy to help. And anything that is posted, can help someone else with the same questions. Don't keep it all to yourself hey. ;)

To me it's just about living life to the fullest.... getting everything possible out of it. I have places I want to go, many things I want to do, a goal to live til I'm 120! By then I'll definitely be well and truly worn out me thinks... I want to get to the end and to have done everything...

Life should not be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, ........but rather to skid in sideways, champagne in one hand, strawberries in the other, body thoroughly used up, totally worn out, and screaming WOO HOO - What a ride! :D...

Only the rich can afford cheap paint! ;) If you haven't heard this one before, the reason is because you will need to repaint every year or two because cheap paint is of inferior quality, so you will be spending much more in the long run, than had you just bought a good quality paint in...

Hey Poss, Sounds like it's no longer a matter of you feeling guilty at wanting to knock off an extra $1K from the price to cover minor repairs. Me thinks your mind has made it's decision and your heart is still to be convinced. You have some definite doubts regarding the purchase, so if...

:eek: norty little puppies! :D

How bout this... http://www.abc.net.au/tv/newinventors/

For anyone who may have plans to be digging in your backyard, the 'Dial before you dig' association is now on the internet, making it a quick way to receive information about where your underground services are.... www.dialbeforeyoudig.com.au

Ahhhh so you can put in your own words and it makes up an anagram for you....:cool: bugger, I'll be doing it all day now....

'pears my meagre knowledge of the IP universe enables me to constructively contribute only to the Coffee Lounge! Sorry about that.. Hopefully as I build a portfolio (have huge goals starting next year!) I may have more to offer the forum than a chuckle here and there. :o Anyway, found this...

Thanks for the interesting replies. Everyone is different and as Sim noted, we buy the doodads we can afford. A large d'dad for me may be a small one for someone else with more disposable income. It's all relative, and if it brings even a small pleasure to you well why not, although...

Oiiiiii, me thinks too much +cf to know what to do with. :D I hope you have asked your accountant to come up with suitable means of linking expense of these dads with the 'maintenance of your investment properties'... camera - recording condition of properties prior to tenants moving in...

I've read before something about the rich being rich because they have the patience that is so necessary for long term wealth creation, and the poor are poor because they don't possess that patience, rather, a need to satisfy their desires for instant gratification with.... doodads. This...

Thanks for that. I guess the simple answer is make sure you set up a good contract from the start!...

Say you buy a doer-upper IP to rent after you've done a mini reno and in the contract you arranged 'access prior to settlement'.... then spent say $5K or whatever doing it up during that time... then the sellers decide to pull out of the contract (before settlement). What are the legal...

This is a great checklist. Thanks Dale. :)