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Hi everyone, I was a full time administrator , but was able to leave that in 2006 due to my party plan business going really well. Never thought in my wildest dreams it would take off as it has. The Passive income from downline recruiting is servicing my properties and the income from...

Hi and I hope some one can help. I have a business that is making a profit and recently had a partnership between my spouse and I. 70/ 30 split. once you make an election on the split you cannot change it and this is the problem as the 30% for peter this year is too high based on his...

Dear Ruby, My thoughts and prayers are with you through this difficult time.

ok , thanks everyone for your help.

yes he is the owner as per the title. there has to be a way around this... regrets....

is there any way that we can not go through with the sale. sale of authority was given to agent on march of this year for asking price of $290k. 2 weeks ago we get a call from agent saying $277k. hubby said no and then he gets a call saying $280K. he was not happy with the price, but...

hi everyone, What happens if a propery is in the name of one spouse but the loan is in the name of both spouses. If the spouse wants to sell the property does he need permission from the person on the loan agreement. Can he just go and sell the property. Is this legal. thanks in advance

Just try putting in $1. that will get it going..

The number one question on my mind is am i legally allowed to increase the rent by at much as $50 - $100. I thought you could only increase by 3%. they are great tenants, but i really need to be charging 450 -475 as this is the going rate for this type of house and again it is very...

Hi everyone. I have just been informed that my tenants want a 2 year lease on the property. what is the best way to negotiate a price? It is currently leased for $400, but houses that are similiar are now asking $450. when we leased it out we were struggling to get $400,but now...

melbourne is booming. apartment in doncaster 1 bedroom and an open study wanted 285000, got 297500 last week. bought in 2001 for 188000k. my first ever investment property that I have sold.

1. Age 2. Job Profession (sales clerk, medical doctor, student, self-employed, unemployed) 3. Annual Salary/Wage from job (before tax) 4. Married/Single/Divorced? ... Any Kids? 5. Year of 1st IP purchase + Total IPs you have 1. Me: 39. Hubbie: about to turn 36 2. Me- Jewellery Party Plan...

HI everyone, What about the other way around. I have a block of land and I have decided to build a rental property. I did not claim it last year as I was not sure. Now that I have decided to can I amend last years tax return. thanks marina

A big G'day to Peter too (hope I've got the name right - it's been awhile ) Hi les, Yes thankyou for your thoughts. Peter is great. You do have a good memory! I understand hhe property could also be sold to yourself from your Hubby, and then you could take out the loan to make it an IP (with...

Dear Jen, I cannot understand the concept of a trust. Are you able to explain in laymans terms. If my loan is 260K and I sell to a trust for 550K then I would have $290k to buy another house. Would I then be able to claim the negative gearing on this property. Loan would be $550k and...

Hi everyone, We sold our small PPOR and built our dream home and parked all the funds into this home . This dream home was an IP for the first year. It is just in my husbands name. Just recently we came to the conclusion we would be happier living in a single story home ( doubles are so...

HI The Analyst, I can relate to what you are saying. Property investing does get boring. I have never worked full time and found my passion in property in 2000. After purchasing the 1st ( it was so much fun) I then started to get bored. So I bought another, and another and another...

HI Mish Mash, I understand where you are coming from as my friendr is in the same position as you are. Her husband pays maintenance for 1 child. The amount that he pays out is based on his salary. The higher the salary the more he pays. The ex- wife got the house, so my friend's...

HI I actually have the same problem and wondering when rents will increase. East Doncaster rental at 250pw in September 2000- purchase price 185000K Would you believe the rent now in February 2006 is still 250pw. The valuation however is $280000K Maribyrnong- rental in September 2000...

Hi Rolf, Would it make any difference if this was my mums title.? my property loan is 301500 and that is at 90%. since then it has gone up to 350K and my mums place is about 250K so total assets would be 600K at 80%= 480 less original loan of 301500K ( I should get some mortgage...