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Hello, I had a tradie come and quote on a job to be done on an IP I am preparing for sale. He gave me a quote in writing. I accepted the quote via text - so my acceptance is also in writing. We agreed on a start date, but as that loomed, I could not raise him by text or phone. When...

Hello, One of my IPs is vacant at present. This is not by choice; the market is quiet at that location at present. It's been vacant for about two months now. This will result in a significant loss on that property this financial year. I vaguely recall reading somewhere that you can only...

Hello, I have a Line of Credit that is attached to my PPOR. A few years ago, I purchased an IP, with 20% of the purchase price coming from that LOC (to avoid mortgage insurance). I have decided to move into the IP, and rent out the PPOR. It will still be classified as my PPOR. Whilst...

Hello, Is it possible for my husband and I to buy a property in our son's name. He has no job (uni student) and no deposit; but we have the deposit and ability to pay the mortgage. If there is a way to do this, could he further take advantage of the first home buyer's grant (if it's a new...

Hello, I am currently looking at a 2BR unit. It's strata-titled. There are three properties in the strata scheme: an original house and two units built behind it. While there is a strata scheme in place, there is no body corporate. I've been advised by the agent this is quite common for...

Hello, We have a suburban PPOR, and have just settled on an IP unit. Is there any reason why we can't move straight into the IP unit ourselves (and rent out the PPOR)? Would this affect our ability to define the unit as an 'investment' down the track? Cheers.

Hello all, We are preparing to sell our PPR, and expect to walk away with about $800K. Long and complicated story, but we will not be in a position to buy our next PPR for a year or two. We will be renting during this time. I am seeking advice on the best thing to do with our $800k in...

Hello, My adult son is moving to an area where we own one of our investment properties. We will be renting the property to him from early next year. Need advice, please, on how to formalise this arrangement in a way that will satisfy the tax man - i.e. that still allows us to claim...

Hello everyone, I am not sure if this is the right section for this post, but here goes. My husband and I are in the process of setting up a self managed super fund. As part of this process, we've been getting quotes - via a financial advisor - for insurances. Specifically, life, TPD...

Hello all, Seeking your learned advice/thoughts on an upcoming scenario. My husband and I own three IPs in a hybrid discretionary trust. The discretionary feature is one of the main reasons we chose to buy in a trust. But this only comes into play when there is no debt remaining on the...

Hello all, This may well be a silly question, so please bear with me! All the info I see online about buying a property in an SMSF is about borrowing money. What if I have enough money in my SMSF to buy a property outright? I can do this - right? And what is the process when there...

Hello, I have three IPs owned within a hybrid family trust. The unit-holding structure is 50/50 between my husband and me. There is debt on all three properties. My accountant is telling me that any income derived from these properties can ONLY be distributed according to the...

Hello, Some questions for all the accounting brains here! My mother would like to move closer to me and my family, but she can't quite afford it, and doesn't want a mortgage. We've had this idea that maybe we could purchase her place together. She would contribute funds from the sale of...

Hello, My husband and I own three properties in a Family Trust. The trust itself turns a small profit ($18K), but the properties themselves are negatively geared (because of interest paid on them by us outside the trust). A few questions: 1) Can we distribute the trust's profits to...

Hello, I am wondering if anyone here has experience investing in, or information about, Oxford Towers - which is located at 13 Waine Street in Darlinghurst (Sydney). There are always a handful of studio apartments for sale in this building, and I'm wondering if there's a problem with it...

Hello, I am wondering if anyone here has experience investing in, or information about, Oxford Towers - which is located at 13 Waine Street in Darlinghurst (Sydney). There are always a handful of studio apartments for sale in this building, and I'm wondering if there's a problem with it...

Hello, I live in the outer suburbs of Sydney, and just got a job right in town. I am thinking of buying a "crash pad" near work somwhere. Would this be considered an IP for tax purposes, as it's not my PPOR? Can I claim all the expenses - rates, interest etc - as a tax deduction...

Hello All, We have three IPs so far, all houses. We are about to exchange on our first strata apartment, and I have a silly question. Let's say the tennant rang and complained that the plumbing isn't working correctly, or that one of the powerpoints doesn't work. I know that in a house, the...

Hello, I need a broker who specialises in, or at least has experience in, getting finance for small studio apartments (under 30 sq m) in inner Sydney. The banks don't like them, but people are buying them - so there must be some place that finances them! We could do a healthy deposit...

Hello! I have been reading the latest issue of "Your Investment Property" magazine. They have featured a lady who "amassed a $3.5m portfolio in 4 years and retired at 39". She has 12 investment properties, all of them positively geared (which is how she's been able to retire). She has...