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Hi Folks, Late last year I made a few posts regarding two properties I was purchasing in Queensland. Both bought cheap, but needing some work. One property in particular was in a very bad way due to the tenants from hell that had damaged most of the internal walls, the kitchen, the...

Hi Folks, As posted before I have just purchased two IP's that will be settling within days of each other in a few weeks. Aside from painting and filling holes, I'll need to install a new stove, some ceiling fans and light fittings, and maybe a couple of airconditioners (I want to keep my...

:confused: Folks, I was reading an article the other day by a well known property renovator. The article was about purchasing a house and renovating as a rental. There was a line that read " immediately put up a for rent sign as this prevents future arguments with the tax office"...

As I am new to this game I need a knowlegable acccountant. Can any one recommend one north of Brisbane? Also any good quantity surveyors? thanks......

Hello All, I am currently purchasing two IP's next to each other. Number one is in good condition but needs painting and a car port. Number two is a mess inside. Every door has holes in it, same for walls (some of the holes are heads size and height - the mind boggles when you...

Hi Folks, Our home is worth $330,000 and we owe $135,000 on it. We have 1 IP worth $165,000 and owe $53,000 on it (interest only loan). We purchased the IP off my mother in law for the reduced amount; essentially we paid out her debt and gave her free rent in the property (she was...