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Dear all I posted this before but did not get any response. May be my post was very specific. So, i am trying it again: I have a budget of aroud $330k to spend on another IP. With this, I can buy a 3 bedroom house in hoppers crossing with a land size of 600sq or a 3 bedroom house in Altona...

Hi guys I have a budget of aroud $330k to spend on another IP. With this, I can buy a 3 bedroom house in hoppers crossing with a land size of 600sq or a 3 bedroom house in Altona meadows with the land size of 300 5q. Considering that Altona meadows is both closer to the beach and the city...

Dear all Recently I bought a unit in Laverton and later on found out that it had a body corporate. The selling agent said it did not and it was not in section 32. I recieved an invoice of $580 for three months from the so called body corporate. I realised they charge this money for doing...

Hi everyone I need your advice on this please. I have found a nice 3 Bedroom house with a bargain price. I inspected it. Could not find any obvious damp, heave, movement , etc. There was a small crack on the ceiling of a bedroom. I wanted to make an offer subject to building and pest...

Hi guys I am back in the market two years after I sold my IPs. This week I bought two IPs to start with. Before, I used to do all the maintenance job through the agent and it was costly, as they would charge a big fee even for changing a door nub. Now, I have decided to do the maintenance...

Dear all I need your advise in getting into poverty investment again. I had some IPs but I sold them a couple of years ago because of divorce settlement. Now, I have got up to 200k in the bank and I want to put it towards the deposit for buying new of IPs. Do you think it is too old for (52...

Hi guys I have received an invoice from my agent for my IP(which has already been deducted from the rent) for $160. It is from an electrician for changing the light which was apparently burnt up in the kitchen. They did not ask me for this as they say they called me but could not find me...

Hi there I am going to borrow for my third IP after years! and I have found a lender (WAW Credit Union) it's rate is %6 compared to my Bank's which is %6.99 for variable interest only loan. I have already got offset account and other facilities with my other bank. I am wondering if there is...

Last week, my PM called and said that some people broke whole the window glasses in my IP and the tenant had called the police. I am not sure what happened and if the guy who broke the windows had a specific problem with the tenant or not. But apperently it is the landlord and not the tenant...

Hi all My firends wnats to buy a new house. the builder suggeted if he makes a better offer, he will back date the contract and he will save $7000 on stam duty. Does this have any legal issue for the buyer? Thanks, Yadeh

Hi every one A friend of mine wnat to buy his firts home and asks my advice on the property. Although I have got a couple of IPs but I always used your advice and expertise on buying them. Could you please help me with this one too, and give give advice on whether this property is OK for a...

Hi guys I have got $10,000 spare cash. I do not know which way is better to go: buy shares with that, or put it in the PPOR loan to offset the 7.5 percent interest. Any advice? Yadeh

Could I ask every one about: How do you feel about tenants number of childre? Is it ok to you rent your IP to a tenant with e.g. 5 kids. What is your limit on this. Thanks for input. Yadeh

The Pm has found a tenant for my new IP who have a dog. Is it a problem to have a tenant with a dog in the property? Could anyone please tell me about their experience about this? Yadeh

My PM charges %8 and is not that good. I have found another one who charges 6%. I am wondering if I change my PM straight away or wait for the end of financial year. Does it make any difference? Thanks for any advice. Yadeh

Hi all I have received this mail which says: Were you aware that recent studies have revealed that there are errors on over 50% of loan statements? A recent study by the Sydney Morning Herald found that 54% of monthly loan statements contain errors and that the average monthly error is $242...

Hi all My current lender was ready to lend me money for buying the second IP just by X collaterising against my PPOR and my IP. Since this type of loan is warned against in this forum by most people, I tried to find another lender. However, becuase I had to pay a break up fee and the rate...

Hi all I read in this forum once that borrowing just from one lender is not a good idea. That is why I want to refinance one of my two loans with another lender and borrow for the third one from them. I should add that my other reason for this refinancing is that : my current lender has not...

Hi guys If I remember right, there was a thread about the pros and cons of buying through buyer's agancies. But I could not find it by search in the forum. Can any boy help me with this regard, please? Yadeh

Hi guys I am planing to buy a +CF property in the regional victoria. Finding a +CF is not that difficult in small towns as I have been looking. However, what I want to find out is: where are the good places in Victoria to buy? I was told that Ballarat and Bendigo areas have still got a...