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  1. M

    Lose PPOR status forever

    So I was watching grand designs this evening and the couple had bought a house, never lived in it.... They made the comment that at the expiration of 4 yrs if they didn't move in they lost the right to nominate it as PPOR (and claim CGT exemption on selling) FOREVER.... I have a place in...
  2. M

    A spare $175pw

    I have spare a spare cashflow of $175pw or for making it neat - $350 a fortnight. I would be interested to hear opinions on where this money would be best invested. I have previously gone with the comfortable agenda of close to CBD house with land content, for capital growth but invariably...
  3. M

    Interesting Article

    Timing is everything: now is the time to review your property interests. Today I want to deal with the idea of the perfect property portfolio. Diversity is about being selective and discerning within the context of spreading risk. Prudent diversification occurs over time, and aims to fill...
  4. M

    LOC question

    I am trying to understand this LOC thing and thought I had it sorted until I saw another thread ...... but to the question. I have 2 IP's recently aquired. My LVR on these is 83%. Based on a value of $605k and a loan balance of $503k The bank tells us we are ok to borrow anther 400k no...
  5. M

    A delicious quandry

    Well after being soundly left in the lurch by my company, it seems karma has had its way .... but it requires a choice.... one I am grappling with, and very unsure. Option 1. Take "a job" with company A. $155k package. Permanent role. Stay in in Perth. Partner earns $40k Option 2...
  6. M

    There's a leaf in my gutter

    My tenant, bless them, have called the property manager to complain that a gutter overflows when it rains because it is full of leaves. The property is surrounded by trees, which, surprise surprise, drop leaves everywhere. :eek: I would have thought that commonsense and a bit of cleaning on a...
  7. M

    QLD Smoke Alarm Charges

    http://www.harringtonsrealty.ca.com.au/weblinks/1stchargeundernewlaws.tif My property manager sent me this article. Makes for interesting reading. I would have thought it commonsense nowadays to have smoke alarms installed... Its a shame that tradgedies like this one have to occur to get...
  8. M

    IP 1 .... reno'd and rented

    You probably could guess I am pretty excited .... bought the PPOR in April 07, 4.5km from the Brisbane CBD. Decided it would be better to turn it into an IP Spent the last 4 months commuting for work in Perth ... home every weekend to renovate the abortion of a place we took possession of...
  9. M

    Renting out and paying rent(What's the maths?)

    This one has been bothering me for while and I have been unable to find a good answer on the forums so here goes. If I have a PPOR with payments of $600pw on the mortgage. I decide to move out and rent the property. I achieve a rental income of $400 per week. Obviously I need a place to...
  10. M

    My 15 year plan

    Hi Guys, After reading so much and concentrating on getting a plan in place its time for me to take some action. I am committed to making property investment my path to financial freedom. More to the point, in 15 years I want to have the choice as to weather I need to work any longer. I...
  11. M

    The rules !!

    We have purchased a property in QLD and will be using the First Home Owners Grant. The govt's stamp duty concession for first home owners has also helped.:) The plan for us is to rent the place out for the first 6 months - then move into it and live for 6 -12 months before leasing it out and...
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