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Ended up taking the money for the fence panels and carpet/painting. They did replace the toilet. Overall a pretty good ending for both parties. JB

Thx for the ideas Mike. Shall look in to it further. JB

Thx very much Geoff, JB

Thx guys. What does "retiring the profit" mean and what does it involve? Cheers, JB

Hello, I wish to wind up a company of which I am sole director. I'm thinking rather than using the ~$50K (after tax) to pay down an IP loan, it might be better to put the money into a SMSF. I'm 59 years young..... Is that something I can do? What are the tax implications? Thx very much.

Thx everyone. John Bradshaw

OK, didn't know it was that easy. Thx JB

Hi, Anyone know a ballpark figure for replacing 4 damaged Colorbond Fence Panels (Flat block). Cheers, John Bradshaw

I've had a builder friend look at the contract and the house, and he said they will replace the carpet/paint if I wish, but he said the money was the better deal since the carpet/paint is in pretty good shape. To him the toilet was a no brainer...It definitely needed replacing. Some of the...

Thx guys. Yeah I will definitely push them on the toilet and the fences. Cheers, JB

thx Richard Shall give her a call 1st thing JB

Thx again...I was quoted ~$450 and thought it a tad high, but maybe it's not so bad. This is a straight taking off my partner's name. Nothing more than that, no searches etc. JB

Hi, Calling on those who have had experience with DHA end of lease.... My wife and I have an IP through Defence Housing and the lease expires in 2 months. Yesterday we inspected the property and were asked by the rep if we would be replacing the carpet/paint or taking a cash payment (The...

I shall. Thx for the tip JB

Ahhh, thx. I was unaware of that. Electronic conveyancing...Yes, it should be something that could be done I would have thought. Cheers, John Bradshaw

Well an update a couple of years later......Had problems renewing insurance for 8 unrelated people in a 2 story house, even though we had only made one small claim for water damage. So shopped around quite a bit. Guess what? Suncorp bank.....yep, they were really, really good. I thought they...

Hi, I am buying my business partners' 50% share in an IP we have together in QLD. There is a very good relationship between us so no searches for encumbrances, bad debts etc are needed and I am familiar with all the financials on the property. Can anyone recommend a good QLD conveyancer to do...

Thx Terry. Very helpful. JB

Thx very much guys. Would you have any idea how much the ballpark cost will be for the property given that the loan is $650K? The loan is not fixed. Cheers, JB

Hi, A business partner and myself have both our names on a deed that the bank holds for a residential IP. The Loan is $650K. Unfortunate circumstances (health) mean that my partner wishes to get off the deed so as to minimise debt exposure. I have no problems with that as I think the IP is...