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    Has accountant overcharged me?

    I sorted by going to see him (after giving 2 days notice). He tried to fob me off saying he was really busy with and a client was about to arrive, perfect said I, let's sort this now otherwise I'll stay here until we do. Out came the diary and the mistake was picked up in about 30 seconds. A...
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    Has accountant overcharged me?

    So he has overcharged me. He had added a 0.5 as a 5.0 which brought my return from 5.0 hours to 9.5 Not a great look for an accountant! Thanks for all the helpful advice. Alex
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    Has accountant overcharged me?

    Thanks got the great replies, definitely need a new accountant. It's a mum and dad operation and I have been happy with the service and never questioned fees before. I have no agreement with them and very little evidence to back up my case (he says it took 9 hours, I can question but can't...
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    Has accountant overcharged me?

    My wife and I Have been using the same accountant for the last 6 years and had a good relationship with him until this year. He has charged me over $1000 for my tax return. I have questioned it and he is adamant he hasn't overcharged and it took him 9 hours to complete. I believe this to be...
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    See Change and Richard Feynman . let's hype the sydney market thread .

    We are seeing a boom here right? If so, Warren Buffet would be saying to sell up and get cashed up and wait for the correction. Any thoughts when this will come? My thoughts are at the first sign of interest rates rising, the 'craziness' will leave the market, and when rates get back to the...
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    How do you keep purchasing properties?

    I understand your point, compounding increases win. But genuine question - If you could only afford 800k of property- would you purchase something for 800k with interest of $800 per week returning $600pw with growth of 8% Or 4x $200k properties interest of $800pw returning $1100pw...
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    How do you keep purchasing properties?

    All great advice, thanks. I like to look at each potential property purchase and how it will compliment the overall portfolio (to be created overtime). Ideally, I'd like to end up with a couple of rose bay properties being funded by my renovated housing commission properties with a granny...
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    How do you keep purchasing properties?

    Hi all, I'm after some explanations/your experiances/outside the square thinking... How do investors on PAYG salaries continue to purchase Investment properties? Specifically, If a couple on a combined income of $150k wanted to save 10% deposits and purchase (over time) a portfolio of...
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    What to consider when buying sight unseen?

    I made an offer recently on a property, sight unseen, but -I know the area and have used Investar to give me a good idea of what the rest of the street has sold for -it's definitely a buyers market, and the vendor wants a fast sale and is in some form of distress. I faxed a copy of the...
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    How to decide between floating floor installers

    It can be done by almost anyone with a saw, its not really something a apprentice needs to do 4 years of study for. Where are you purchasing your floor from? Get them to install (via their contractors) so that product AND install job is covered by warranty. I was pleasantly surprised when I had...
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    Engineered Floor

    I did this recently in a PPOR apartment, I originally wanted floating timber and was budgeting on a top end product but ended up getting a great looking "vintage oak" laminate after comparing them all. Its longer and wider (2m long, 250mm wide) then most which I think looks more realistic, and...
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    First IP- Where to Buy 100K-200K with good return

    Wagga - lots of $200k properties with rents of around $250-270pw, and they arnt the real cheapies in worst streets. As diverse as a regional can get with defence, uni, agricultural and govt jobs available. Alex
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    Western Sydney House + Granny Flat

    How do you calculate this property to be positive? Have you considered ongoing fees like management fees, insurance and rates and what do you allow for maintenance and vacancy?? Although it is a good return, if you are buying with the thought it will make you money instead of costing you money...
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    Downside of long term lease?

    My company has a contract there and I stay there regularly, was there last week and my observations - Old building, i believe it was a conference centre previously but I think from looking at the fire escape plan may have been built as school camp accommodation with dormitories and communal...
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    Advice RE equity redraw for Reno and future purchase

    Terry, Thanks very much for your advice. I will borrow enough to cover Reno and establish a LOC. Thanks for the tip regarding the book, much appreciated. Alex
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    Advice RE equity redraw for Reno and future purchase

    Hi all, I read these forums every couple of nights but have not been able to answer these questions. Our situation- 1 PPOR, purchase price $500k in 2011, bank reveal this week $580k Mortgage of $420$, $20k in offset 1 IP, neutrally geared, interest only at 90% LVR on original...
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    Where to spend 300k in Sydney?

    Hi, I have had a good experience purchasing a 2 bed unit in Mt Druitt last year - $214000 and rented to existing tenants for $310. I see Capital Gains as a constant - overtime they will go up, some more then others, its harder to predict for a first time buyer with a tighter budget. If...
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