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    building inspection..not good.

    I have placed an offer on a property last week subject to pest, building and finance and the offer was accepted.:) Pest is good and finance is ready to go at the price accepted. :) I met with the builder today and the report is not the best.:( I knew the property had the usual wear and...
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    Confused???

    I am very Confused:confused: I have an IP Interest only (6.59%) on 175k and currently getting $290pw. I have had this property since 2002 and it is now worth approx 300k. My PPOR is worth approx 360k (7.34%) and I have a line of credit for 125k, currently owing 115k. I had a meeting...
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    Inventions???

    Hi, I apologise that this is not a property investment question. I am currently dealing with a company in the USA who are doing product design research on an idea i have submitted to them. I am at the stage where i must out lay some money to keep the ball rolling. My question is, Is...
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    5 years or 3???

    Hi, After 3 years of having a fixed rate of 6.39% on my IO IP the day has come for me to make the decision again. Due to my tight budget and limited cash flow variable is not an option as the LOC makes the rate to high. So my mind is made up to fix at 6.59%, But should I go 3 years or 5...
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    citibank mortgage power LOC?????

    Hi, I will try and keep this brief and as understanding as possible. I currently have a portfolio loan with st george. PPOR 130k LOC variable and an IO sub account for 175k for my investment. all rents and monies go into the ppor acc and then the credit card direct debits at the end of...
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    property Syndicates

    Hi, I was wondering if anybody on the forum invests in AustGrowth property Syndicates Limited http://www.austgrowth.com.au/ I have been on their mailing list for a while now But my knowledge on syndicates is very very minimal. cheers
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    A quick question on cash Bonds

    Hi yes, I know we have been thru this before but I have one quick question. If you take out a cash bond for 150k for 5 years and it delivers an income of 30k pa, what happens at the end of 5yrs? should you be paying off the 150k from the 30k pa, or what happens. I just can't get my...
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    Calculating % of CG???

    Hi, i was wondering how do you calculate the % of capital growth over the years. My Inlaws purchased a property in 1970 for 20k and it is now valued at approx 750k. If property grows at approx 8% pa and they have had this property for 34 yrs, then it has increased by 272%. is this...
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    Water Filtration System.

    I had an inspection done by my PM on my Ip today and the tenant says the water is undrinkable and she has to buy drinking water in bottles. The tenant has been in this property for the past 12 months and this is the first I have heard of the water tasting terrible. The property is on Town...
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    Gordon Green / Tim Stokes seminar??

    I was flicking thru the local paper today and came across a seminar about "HOW TO PLAN FOR EARLY RETIREMENT..." The seminar is only 3hrs and speakers are Gordon Green and Tim Stokes, has anybody been to this seminar about property returns, locations to purchase, finance and becoming a full...
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    vending machines

    Hi everybody, Just reading my local paper and there is an advert to invest in a company called mini vend. (139k or smaller packages by negotiation) They will supply you with about 40 vending machines set up near the best selling drink machines in you home town/city. Approx 15 hours a...
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    lease hold, managed investment

    Hi Can some one explain to me how lease hold property works, and would it be a good investment. Rydges at South Bank have a few units for sale that are lease hold managed investments. All the takings are put into a pool and divided between the lease holders each month. My questions...
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    API Magazine, Rental Yields

    Hello I have been reading the Dec 03 / Jan 04 API magazine. In the story "chasing those elusive rental yields" it has average weekly rent for the past 12mths at Byron Bay was $635wk, Bangalow $460wk Ballina $415wk. NO WAY...these figures cannott be correct, I live a bit south of...
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    collateral

    Hi I am thinking of investing in a 1 bedroom beach bure in a 4 1/2 star resort for my next IP. I had a brief discussion with my bank manager today and they say that they do not like to use the collateral from the bure for security in the loan, which will be IO. I will have to use the...
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    Holiday cabin???

    Hi all, I am currently looking in to a fully furnished and managed holiday cabin. It is in a great location 4.5 star and returning 21% gross on the purchase price. Take out managers fees, maintenance, body corp, rates and services and it drops to about 6% net. It looks like it...
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    Depreciation

    Hi everybody, My tenants have just moved out of my IP and I have no choice but to replace the carpet and paint the interior, It is poor and about 14yrs old. I have had this place for 12months and I did get a depreciation schedule done back then. How do i go about claiming depreciation on...
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    maintenance $$$

    Hi, I have had my IP for almost 12 months now and have incured a $1500 repair and maintenance bill for the year. Is $1500 an average amount or is it excessive? How much $$ would it take for the ATO to frown apon a claim? thanks to everybody on the site, all the info is great...
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    changing PPOR to an IP??

    Hi, I have a quick question. If I owned my current PPOR (in my wife and my name) and we wanted to purchase a new PPOR and use the current one for the IP. What steps do I take for doing this?? Thanks for any replies.:)
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    Where Has My Thread Gone?????

    I posted a thread the other day asking for peoples thoughts on the effects of IP's when the war starts with Iraq. I cannot find this thread, where has it gone??? :confused:
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    rise or fall during the war?

    I feel the war on Iraq is not a matter or IF but WHEN, And was interested to hear how you think it will affect property prices here in Australia. thanks,
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