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Thanks Rolf....yes I've been thinking the same thing myself. I recently did a chattel mortgage (car for business) for myself and am paying it with the rent from mum's house. I got that loan with no pain whatsoever. The thought is also there to buy him out so he can have the cash to do what he...

He hasn't got much interest in property investment etc tbh...he does need a "new" car, though most of the loan will go on renos. I know it is common in these scenarios to just sell the house and divide the proceeds but the house is in a great spot and prime for future redevelopment. I don't...

Hi guys - been a long time since I was on here but it is like an old friend when you have queries ! My mum passed away earlier this year and left her house to my brother and myself - we legally now own it as tenants in common, 50/50. There is no mortgage on the house and it is tenanted at the...

Haven't got the time or desire to go out there and do it myself...looks like 6 grand it is (pending second quote of course) *sigh*

Just bumping this one as I'm now in the same boat. House is in Gunnedah so really only Tamworth tradies nearby. Standard 3 BR weatherboard home. The rain this summer is running into the house through the ducted air con flashings and an investigation of this suggests the gutters can't cope with...

One of my properties is in a country town, an older house that needs a little makeover. The inside is nice and new but outside could do with a new roof in places plus guttering and I'm also thinking of having it either re-clad or getting the weatherboard repaired. This would all come with a...

Thanks for your input Marg - the guardianship tribunal indicated for us to try the informal path as the house is the only asset. All else is fine. They also told us that it would save giving alot of personal details and incurring charges. I have a PM contact who I am in the process of...

This is a little similar to Pesty's post earlier but I couldn't really get an answer out of that thread. My mother owns a 3 bedroom house with no mortgage. She is suffering from Alzheimers and a few months ago her partner/care passed away suddenly. She immediately went into respite, and now...

Bugger - was thinking of moving my Colonial IP loan over if they were around 0.25-0.35. This makes me rethink if it is worth it or not.

Just curious. I am meeting with my main bank next week to discuss refinance on my two properties with them. They haven't been revalued for 4 years so I hope there will be some gain there to invest further. I have an investment LOC which is nearly exhausted - I used $25,000 to put a deposit...

I have been in the Choice package for 3 years. Main attraction was the discount rates, but fee free cheques, cards, ATM etc etc were appealing, plus the fee is deductible. You get discounts on insurance, FP and stockbroking should you be that way inclined. Looking to expand to something more...

I have PPOR and IP1 X-colled in a package, plus IP2 with another bank. As I go down the path and buy more I intend spreading further. At this stage I see the package as a firm base from which to expand, and have ready access to combined equity from two properties. Would like to split but...

I got mine from Bunnings who have a cut to size service. I was very impressed and when the tilter mechanism went on one recently, the manufacturer sent me two new ones free in the post !

Hmmm - whatever you think, don't base your forecasts on something out of News Ltd media. They are well known for their property crash, mortgage stress, rising interest rates stories. Get back to the basics in books such as Jan's - take media stories with a grain of salt.

I have just received a quote for roof repairs and have noted a levy for home owners warranty on top of the quoted price (about $2000 plus $350 levy). I know this is compulsory above $12000 but wonder if it is necessary for a small job. I will just mention that this is a storm damage job that...

Well I'll be talking to my broker soon so I'll see what comes out of it. Neither property has been valued for over two years so here's hoping !

I'm doing some research at the moment but thought I'd source some ideas here. ATM I have two IO loans with NAB for PPOR and one IP. Both have a LOC attached, plus I have a Mastercard account with them as well.For my second IP, I diversified and took that loan up with another bank. The IO...

The PM is onto the case which is why they rang me yesterday. Yes we have offered a period of grace for the inconvenience as a goodwill gesture. If the tenant says "stuff you" I'm moving out, and defaults - well that is the scenario I'm looking at. Never know, perhaps she will pay up in the...

I have posted earlier about the storm damage my IP had early in the new year. The problem is that because it is a country town it is taking a while to get the repairs done, though it looks things are starting to happen now. The tenant was asked to put something in writing as due to the water...

Interesting about the portfolio facility as I am looking at rolling over to it soon. I have two loans plus two LOCs and a M/C with NAB and both the fixed loans are coming up for review. I have another IP with CBA. Now I know all about the X-coll etc etc in having your property tied up with...