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Just wondering if you have 2 IP loans, would there be an advantage in making them into 1 larger loan to possibly save on interest payments. I'm aware there would be problems when tax time comes round as you would have to proportion the interest payments for the respective IP's.

I have just been informed by my property manager that the tennants in my IP will not be able to move out on the 5th of March when their lease is up because they can't find another place to stay. They were informed in December last year that I would not be renewing their lease. The lease...

Just a question regarding doing some reno's and claiming expenses on tax. I'll be doing some reno's to my IP in the next few weeks and a family friend has offered to help with painting, tiling, plumbing etc. The problem is he is not qualified. Just a really good home handyman. If I pay him...

My parents have a vacant block on the edge of a marina. I was thinking of putting a transportable house on there to create most likeley what will be a +ve cashflow property. Block was bought several years ago for 25k Currently valued at 60k I was wondering what the costs would be to set...

I was wondering if any of the extremely helpful and knowledgable mortgage brokers on here could help me out by looking at my loan structure and see if there is a better way they can be managed. As I've just purchased my second IP, I'm now a bit confused as some things are different to the way I...

I have been told by the bank that the property I want to purchase for $200,000 is only valued at $180,000. They will lend me 95% which is $171,000which means I need to come up with the difference plus costs which is 29k plus costs. I have 30k at the moment but I wasn't expecting the valuation to...

I would like someone to explain to me what i have to do: I will be settling my first IP next Friday. I borrowed the money from the CBA under the Mortgage Advantage Package (MAV). I have 3 accounts now, The loan i/o, the offset account (100%) MISA and my everyday streamline account + a credit...

I have the opportunity to by a property that is a private sale. It is situated in a new development that was formerly a housing trust area. Most of the blocks around it are empty and are for sale as house and land packages. RP Data says it is valued between 127,000 and 147,000. Its a 3...

I have found a house for sale right in the middle of a development. The whole area which was mainly goverment housing trust homes has been sold off so this house is almost surrounded by empty blocks which are being sold with house and land packages. The sale is private and is asking $220,000...

How would I go about making an offer on a property that is a private sale. Do contracts have to be drawn up? Do I need to get a solicitor or does the seller have to organise everything and I just sign? Any help would be appreciated as i have to move quick before I miss the boat. Cheers George

A friend of mine was approached by a man in his street and told him he was selling one of his rental properties privately. Its a 3 bedroom house in the western suburbs of Adelaide on a corner block and looks to be atleast 50 years old. Now the funny thing is my friend bought a 3 br house on the...