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  1. W

    PM rant

    Ditto! why I prefer to buy local and look after it myself. With empathy being an agent PM would be a crap/demanding job, too many listings and personalities to keep up with to ensure my/your place is being looked after efficiently. High expectations from the boss, crap pay, imagine some of...
  2. W

    Buying 1 side of a freehold duplex

    I lived in one years ago, great budget concept for IP, interesting part though is both master bedrooms were opposite sides of the wall, was like porn without vision most nights, then her alone during the day. If its a great price grab it, make your side look like crap, make lots of noise, put...
  3. W

    Advise for Purchasing Duplex Pair

    That would seem likely however I have it in his hand writing in-front of me. For no extra cost I'd prefer to keep each separate for curiosity bookkeeping, track individual income/expense (R&M etc), however it will be something I discuss with accountant on Friday. Fortunately this has...
  4. W

    Advise for Purchasing Duplex Pair

    Lender (CBA) told me I can have 2 loans setup, total borrowings including deposit/costs divided x 2, both with up to 100 offsets (find it hard to believe anyone would need that many) so one for each, plus 1 or 2 for my pay etc (split). SVR @ 4.49% (might be less yet), or prepay interest to...
  5. W

    Advise for Purchasing Duplex Pair

    Was thinking I could split total borrowings/loan in two, have individual accounts to better track income/expense for each lease Oh, understood deposit requirement when buying 1st property (current PPOR) however with that paid out thought it would be used as equity/security to borrow 100% for...
  6. W

    Advise for Purchasing Duplex Pair

    Hi again, been reading posts for ages but need some more clarity/advise please... Turns out its not, one council rates, one O&A (However separate water rates, meters, leases) As said I only owe thirty dollars on PPOR (with CBA, 179k redraw avail, val~270). 20% is confusing me as I was only...
  7. W

    Advise for Purchasing Duplex Pair

    Cool! Had me concerned I was missing out on some awesome site/info I wasn't aware of Yes as said in Fridays posts I was doing O&A Sat morn. BUT.... O&A is still on the table. I requested settlement for 8 July, whilst price has been accepted they countered for 26 June, as some of the...
  8. W

    Any Implications Settling IP Purchase prior to 1st July?

    Ah ok, 399k (+fees), 2 x rented units at 220pw each via agent As long as nothings gunna jump out and grab me unexpectedly, as it (they) has in the past, so cautious. Thanks for that
  9. W

    Any Implications Settling IP Purchase prior to 1st July?

    Sorry, WA should have mentioned that, be easier if OZ was uniformed with everything hey. Small tax benefit is fine, was more concerned I was going to regret agreeing to settling a week before 1st July, that somehow it would cost me tax wise. Thanks Dave
  10. W

    Any Implications Settling IP Purchase prior to 1st July?

    Hi, Submitted an offer on an IP this morning Not sure if it makes any difference however requested settlement date for 8th July so everything starts next financial year rather than the bit left on this one. Offer has just been accepted however vendor is requesting settlement on 26th June...
  11. W

    Advise for Purchasing Duplex Pair

    Never heard of tenant ledger? I briefly met the property manageress this morning who's apparently been looking after the properties for 27yrs, she seemed upfront/honest, I'm always a skeptic though. PM sent Really? Maybe I'm not searching properly, is there a better way than...
  12. W

    Advise for Purchasing Duplex Pair

    Being single I've never felt comfortable investing in single dwelling/income, with 2+ I still have income to assist if one is vacant. Would have considered house with separate Granny on corner block (separate entry) but haven't seen anything my price. Initial attraction to this is the...
  13. W

    Advise for Purchasing Duplex Pair

    That's the plan, not my preferred place to live (little old, next to hwy & rail, pedestrian access down the side) but was a cheapy to get into (single income) will be rezoned multistory in a few years so good long-term holder. Will go over it with lender (CBA) if redraw on PPR is suitable...
  14. W

    Advise for Purchasing Duplex Pair

    Need to bounce this of someone for brain clarity... (no one else to ask) 1) The advertised asking price for both duplexes is 400k (200k each) The market is average, nothing like Sydney What starting price/offer for negotiation would you make? Aiming for a final agreed price of? 2) Apart...
  15. W

    Advise for Purchasing Duplex Pair

    Hi Terry, only thirty dollars, paid it down to min about 12mths ago, left it open/available in-case I required it for renos or something... So using redraw from the PPR loan would still be deductible? Apologizes for my noobness, seen a broker today hoping to get info, took all my info...
  16. W

    Advise for Purchasing Duplex Pair

    Hi Rixter, thanks for your reply, yes newbie here (but an oldie) massively unlike your veteran self back in the old dialup days, you must have been a great aid to many over the years with 9+k posts, worth a cheers! Found site (a thread) via google, was just having a site browse and realized I...
  17. W

    Advise for Purchasing Duplex Pair

    Hi All, Slight Noob to investment properties, don't wish to make mistakes, why pay for the opinion of one advisor who may not know as much as the free opinion of many here :) Placing an offer on 1981 B&T Duplex Pair on 1000sqm, separate rates, meters etc, asking price 400k for both (imo...
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