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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...

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...

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...

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 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...

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...

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...

I've been told one of my houses has suffered some severe water leaking due to the recent new year rain and storms. Water has entered the roof which has come away in an area and the air conditioning has fused out. I'm not too worried about that as I'm with EBM and that damage all seems...

Hi all, I'm in a little bit of a pickle at the moment. I have fixed loans up for review early next year. One is 7.35% due in March, the other is 9.45% due in June. I asked the bank for break costs about 6 months ago when the madness was going on and for both was quoted about $25,000 which I...

I have just purchased a house in western NSW. No major problems with it but there is something I haven't come across before. There is no gasline in the town so the water heater and stove are fuelled by a pair of big gas bottles that obviously need to be changed now and then. My questions are...

I've been doing some research and have found a great many 3 br homes in country areas with a good return for minimal outlay. We're looking at 8-9% return and enough rent to cover the loan - close to +ve cashflow. Plus the land size is quite big at 600-900 sq. The catch is...these are ex...

Quick and easy question re putting depreciation schedule values into e-tax. My schedule is into year two on my first IP. Using the diminishing method I have three values : Plant and Equipment - $2263 Capital Works Allowance - $3735 Low Cost and Low Value Pool - $1310 The first two are...

Here is a quick query. I have 2 LOCs (one with the PPOR loan of $180,000, one for my IP rent and expenses of $20,000). I also have the IO IP loan. When I first had my tax reduced, I started transferring that $300pf direct to the IP LOC so it goes there with my rent etc to service the IP loan of...

Now I hear so many "advisors" saying don't buy cars, use public transport, keep your old car etc etc, however in the current growing family, living in the burbs world cars are a necessity. I have one old car that I am flogging till it dies. I would however like to upgrade the family car every...

Hi - just been reading alot of threads re X coll. I am in the typical position of many....PPOR valued at $440,000, with $195,000 LOC ($185,000 balance), first IP purchased worth $289,000 - IO loan for $304,000 including costs. Also have a $20,000 LOC to handle investment transactions. All these...

Just wondering if anyone has come across this scenario - found a villa being built locally last March and through dealing privately with the builder got a price of $289,000. Handshake deal on that price whilst the rest of the complex was being built. Finance approved and ready to go...

Just looking at their NSW website. Does anyone have an investment through them ? The guaranteed rental for up to 9 years sounds good but how does the management fee of 16% sound. Any thoughts or stories about these guys ?

I'm looking to buy my first IP soon and am tossing up between the new 3 bedroom unit for $269,000 returning $260pw or the nearly new 3 bedroom freestanding home worth $359,000 returning $275pw. I would suggest that capital growth on the second will be higher but is it too big a loan to go for...