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I'm considering buying interstate as opposed to in Vic. Obviously there are logistical issues but besides that what other pros and cons are there. If someone has experience on this, please feel free to share. Cheers

I'm thinking of investing in multiple properties with multiple owners (2 other owners). Would like to know if anyone has done this before and what kind of structure they purchased the properties in, how they organised repayments, etc etc. I was thinking of doing it via a trust but think...

Hi guys, I'm attempting to take the plunge of buying my first IP. I have a preapproval for a loan of 200k with a deposit of 20%. However, the property I am thinking of purchasing is going to be held as a mortgagee auction - I have been told that if the bidders will have to make an...

Hi, Just wondering if any building surveyors can give me a bit of insight on this scenario. I'm thinking of leasing a comm property and changing its business use so I can run a hostel. Main issue is that the building has 1 front exit and is a bit of an older building and it does not have a...

A bit unrelated to property financing but does anyone know how I would go about getting finance for a small business? Any information would be appreciated, ta

I'm thinking of getting some units in Northern QLD so I'm just working out costs. Vacancy rates in area are at low 3% but to be cautious I will put it as 5% to account for downtime (should it be more?) Regional Council rates - $1000 (its a rather large estate though) PM fees - 12% of...

I'm thinking of going to Aussie to see roughly how much I can borrow. I have a bit of an idea of the ballpark it's going to be. However I would like to know what your thoughts are on Aussie as a lender, any personal experiences or what you guys have heard as well. I like their rates fixed...

My father has a few properties that have been are under one loan (cross collateral loan?). He no longer works and I'm paying off the loan so I'm wondering if there is a legal way to transfer the titles and the debt. ~ 200k owing ~ properties worth around 600k all up. I make around 45~50k...

Does anyone actually support/believe in the reasons governments give to initiate these interventions in the Middle East. There is always some sort of false flag attack Iraq, Afghanistan (911/non existent nuclear weapons), Libya (Tyrant?) and now SYRIA (Chemical weapons?)...

Situation: I'm early 20s, thinking of buying an IP in regional Victoria. Around 100-150k purchase price. I have enough for a 20% deposit, currently working 2 PT jobs earning around 50k before tax a year. About to replace one of the PT jobs for FT and will be earning around 65k a year before...

Is it bad to buy an IP thats right alongside a train line? Keep in mind its in Horsham and the train line is not nearly as busy as it is the inner suburbs.

What's the going rate for 7 hard-wired smoke alarms?

Thinking of starting a business (cafe) in Melbourne CBD. Anyone know any good locations? Also I'm quite new when it comes to property let alone commercial property, what are standard terms for a rental contract - Eg, upfront bond, period, break fees, what you can/can't do? How...

Yes I know, subletting is frowned upon like touching yourself in an airplane and from what I understand it can be quite lucrative if done right. Does anyone makes money from renting and then subletting here while maintaining a high standard of care? I know there are some pitfalls including...

Hi somersoftians. I'm almost certain most of you have more life experiences than I do seeing as I am 21 so I come here asking for ideas. My background: I am currently working 30 or so hours a week at TAB, this is partly due to financial conditions imposed on me. (my father lost his job...

Moving out for the first time. Where can I get the best bang for buck pillows in Melbourne?

I self manage a small share house. Since I don't live there its probably a bit harder to enforce. I've tried to let them allocate it themselves, that doesn't work. When I first started managing the property, they weren't cleaning up after themselves and were basically just making a mess...

Does anyone know the the procedure in legally owning and operating a rooming house/sharehouse in Victoria? Say I want to buy a house in Thomastown or Glenroy and want to convert it into a sharehouse, do I first go and buy the house and risk getting barred by the council or talk to the council...

I'm primarily focused on large 1br (converted into a 2br) around the 300k mark (they go for 300-350k) near RMIT or inner CBD. I'm mainly in it for the positive cashflow but I would like to know what you somersoftians think about the capital gains of an apartment in Melbourne CBD are.

Hi, I was just wondering if there are any courses or diplomas that I have to obtain before becoming a property manager. If anyone works in the industry, please let me know what routes I can take. I'm from Victoria. Thanks!