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  1. K

    Loan Structure for x2 IP's

    Hi guys, Recently purchased my second IP and i know i should have asked prior to purchase, with regards to loan structuring. Please assist me with the current situation i'm in. Loan with CBA IP1 - purchased in 2008, was paying P+I and now changed to IO recently prior to purchase of 2nd...
  2. K

    Tree hanging over neighbor - tenants task?

    Hi guys, I recently received a message from my neighbor that one of my tree branches, in one of IP's, is now hanging over into their yard and also another branch heading towards the gutter. Is this the role of the tenants to cut it or the landlord's responsibility? Thank you.
  3. K

    X-coll and strategy

    Hi Guys, I just want some re-assurance that my current setup has not been cross collatorised, please refer below and confirm. IP1 (current value $750,000) Purchase: $530,000 Debt: $145,000 Offset: $145,000 IP2 (current value $750,000) Purchase: $746,000 (bought last month) To fund this...
  4. K

    250L Hot water system for 4ppl

    Hey guys, Recently bought IP. Tenants have just moved in (a family of 4 people), and they are complaining there is not enough hot water. The house has a 250L hot water system tank. Should a 250L hot water tank be enough for 4 people (2adults, 2kids)? I have called a plumber out to...
  5. K

    Potential tenant proposes a lower rent

    Hi All, Recently purchased a new property, it has been on the market for less than 1 week. The property is advertised for $520 per week. House is 3min walk to train station, 2min to shops. A potential tenant has already viewed the house but is only offering $500 per week and this is the...
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