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  1. YouKnow

    Adding holding costs to investment loan?

    Thanks vaughan & Peter_Tersteeg The intent would be to rent it from "day 1" after purchase, obviously there might be a week or two of vacancy, but it would be "on the market" prior to settlement, with availability from "day 1". Perhaps the term "holding costs" was the wrong one to use...
  2. YouKnow

    Adding holding costs to investment loan?

    Hi I'm wondering if it is possible to add "holding costs" to an investment loan. Specifically, consider the scenario of buying a 350,000 investment unit (inclusive of all up front purchasing costs). Say I borrow 400,000 - have 350,000 owing, and 50,000 available for redraw. Could I draw down...
  3. YouKnow

    Keeping a property "on the market"

    2 panes for $250 installed (quoted). It's not "nothing", but compared to $10k it's less significant. I admit I was kind of amazed. Way off topic, but my cheapest repair to date was a burst sewerage pipe. They had to dig it up and replace the damaged section, in "unpleasant conditions" - I...
  4. YouKnow

    Keeping a property "on the market"

    Thanks DaveMSydney, monsalisa and vaughan. vaughan, that's a good point about whether an item could be argued if it was there before income production or not. It would certainly be a grey area for tree maintenance. The rest of the issues are a little more clear cut. DaveMSydney, I ran...
  5. YouKnow

    Keeping a property "on the market"

    You're right, it was a way to hold the property for a few years, and hence we were/are more emotionally attached to it than we would be if it were a straight up investment, which I'd be tempted to treat more like shares emotionally (ie. something which exists for me to profit from). The...
  6. YouKnow

    Keeping a property "on the market"

    Thanks VYBerlinaV8, you're right. Thanks vaughan. There are similar rules here. My PM did indicate this was an option, but I felt a bit harsh doing it. Now that I think about it, why should I put myself in a troublesome situation if I don't need to be. I think perhaps that's the best...
  7. YouKnow

    Keeping a property "on the market"

    Thanks Ed Barton, Yes, I appreciate what I am asking for is kind of dodgy. However without boring you with the whole story, in context, what I have wanted to do is not unreasonable. In 3 years, I've installed (at direct request of tenants) over $29,000 worth or improvements, $18,000 of that with...
  8. YouKnow

    Keeping a property "on the market"

    Thanks Sanj - yes, I agree, this is why I'd prefer to keep the property in "investment" status while I had possession of it. The company involved in the main repair is very reputable, and quite large. I don't think I'd necessarily lose my money or have MAJOR delays, but if I wasn't happy with...
  9. YouKnow

    Keeping a property "on the market"

    Hi Sorry if this is not the best spot for this post, but it didn't seem to fit any of the other thread topics well. A number of years ago, my wife and I bought a second house with the intent of renting it out for a few years, and then moving in once our family grew. There was quite a bit...
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