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I have 3 IP's with quite high LVR. Say I refinance all three of the IP's, and I can release ~ 20K equity from each IP. example: IP#1 : equity $20K IP#2 : equity $20K IP#3 : equity $20K Am I able to use the combined funds (i,e $60K) as a deposit for IP # 4? Is this strategy OK, or...

What are your favourite books that had the most impact on your life? My list is: (1) How I Found Freedom in an Unfree World - Harry Browne (2) Riches Within Your Reach - Robert Collier (3) Stranger in a Strange Land - Robert A. Heinlein (4) Atlas Shrugged - Ayn Rand (5) Rich Dad, Poor...

I currently own 4 properties (3 IP´s and PPOR) all in my own name. I am concerned about protecting my assets if I get married and later divorced. In case of divorce, can the ex-wife still get half the properties if they are setup in a trust? i.e are trusts *guranteed* to protect the...

Hi Guys, I recently purchased a new PPOR, and intend to so a small reno immediately after settlement. It's a 2br unit in strata complex. I want to know what reno tasks (if any) are allowed without notifying the strata manager and getting approval. I think it would waste a lot of time...

Hello, I bought a property two years ago that I immediately renovated after settlement and rented out to tenants straight after the reno was complete. The tenants moved out after 1 year, and I have beeing living in the property as my PPOR for the last year or so. I am now considering...

Hi Guys, I am trying to find the name of the tax form that I have to fill in to allow me to receive my tax return periodically throughout the year, rather than one big lumpsum tax refund at tax time. I think if your properties are I/O, you can estimate the tax return you will receive and...

Would you buy this ? 2br unit in Liverpool. http://www.realestate.com.au/property-unit-nsw-liverpool-109489161 $209K asking price. Rent $260p/w. I think with a 10K-15K reno the rent can be increased to $320+ p/w. I think it looks like a good deal. I am building my buffer at the...

Hi, Does anyone know the process and costs involved in transferring the title of a property to a family member? I´m assuming itś Stamp Duty costs + Capital Gains Tax? any other costs? Would a solicitor handle this ? How much would be a rough fee for the solicitor? Thanks.

My tenants have moved out of my IP, and the kitchen needs to be renovated. Itś original condition (30 yr old) and I want to rip it out and put in a brand new one. I will get the walls painted in the unit, and also put in flooring in the kitchen. The walls in the bathroom, bedroom, and laundry...

Hi, My IP is currently empty as the tentants vacated this week. I want to rent this IP for a short period (4 mnths only) as I want to move into this property myself in 4mnths. Is short term lease like this common? Are there a lot of potential tenants out there that want to rent out for...

Hi Guys, Does anyone work as a Real Estate Valuer? I really love property, and think this would be a pretty cool job. Also, I think it would help to really get to know a particular area and find some real bargains :) If anyone is a valuer, would you care to share some experiences? i.e the...

Hi Nathan, I read your story of how you quit your FT job to pursue investing fulltime. This was in API mag a few months ago. As you are no longer in FT employment, how are you able to get loans from banks for your future resi property deals? Do the banks use your rents from your existing...

Is it very difficult to get an IP loan if you are a contractor ? I´m considering leaving my comfy, stable Full-time job at a large company, and go down the I.T contracting path (prob 12 month contract jobs). Mainly for the $$$ and experience. My main concern is that banks won´t want to...

Hi Guys, I´m sure most people on this site have read ´The Richest Man in Babylon' by George S. Clason. One of the principles in this book is to pay yourself first a minimum of 10%. I used this principle while saving for my first deposit for my first property, and it worked very well...

Hi, Has anyone ever been to this Anthony Robbins event? If so, did you find it was worth it and was it profitable to you?

Hi, I am an investing newbie (2 IP's so far), and am interested in people's view of IRR when making investing decisions. What are people's views of an acceptable IRR for a Resi investment? I have been playing with PIA for an IP, and I have been getting IRR around 17 - 20%. Would...

Hi, I have two IP loans linked to an 100% offset account. I am paying P&I on both loans. I am VERY highly leveraged, and wanted to know how I can reduce the minimum repayments on one of my loans. I know from a tax perspective that itś better not to pay off the investment loans (as...

I am researching an IP purchase in Liverpool NSW, and I can't decide which is a better investment, units or houses.. (my investment strategy is buy and hold) From API June 2009 issue : Liverpool (houses) : Median $315, 10 yr growth 7.0%, Gross Yield 5.3% Liverpool (units) : Median...

Hi, I am in the process of getting a depreciation schedule done on my investment property. I did renovation work on the property when I bought it (2 years ago). The work included electrical work, gyprocking, installed new Air con, installed built-in wardrobes. I engaged tradesmen for this...

HI, I bought my PPOR a few months ago while I was single (PPOR mortgage is in my name only). I am now engaged and due to be married towards the end of the year. After I get married, I am considering changing the mortgage to be in joint names. Currently I do not own any IP's, but plan to...