Search results

Hi, How do I find out if the bank has registered the mortgage on my IP's with the land titles office in Qld? Cheers, Roger.

Hi, I am in the process of getting a new credit line to use for property investing. I may not use this account for a while, Will I be able to get tax deduction on the stamp duty paid for setting up the credit line? Cheers, Roger.

Hi, A friend of mine purchased a property 10 months ago. In the next two weeks he will be moving to this house. This property was rented for the last 10 months. He has been trying to sell his current home for few months now. It has not sold yet. Generally, he unsuccessfully tried to sell...

Hi, The tenant lease is finishing at the end of Nov and they are leaving today. They will pay till the lease is up. The agent said few days ago that she was going to show the house to 3 interested parties. I phoned to ask her how she went, she said the tenant is not allowing them to show...

Hi, My new tenant moved in few weeks ago. I got a call from the PM saying the TV aerial does not work properly, they had it checked and it would cost $350 dollars to move the aerial to a different location and add a unit to it to get a better reception!! The property is in Mackay, QLD...

Hi, Is it true that and IP cannot be purchased by a super fund and individual if the individual portion of the property is paid by borrowed money? A colleague suggested they wanted to buy an IP, funding the deposit from the super and the rest borrowed from the bank under his name. The...

Hi, My strategy is to buy and hold properties for long term. However, I think following this strategy blindly may have not been the correct path for one of my properties. Bought a 2 bedrooms town house in Sydney on 1-Jul-2000. Purchase price was $415,000. Renting for $375 p/w. The rent has...

Hi, For the current financial year, I have a tax variation already approved by the ATO. I am in the process of selling one of my properties. Once sold, I will require to complete another tax variation to remove this negatively Geared property from the variation. I know it is not required...

I have a vacant IP. It is only the first week. I had a call from the PM, which said they have some one who is interested in renting the IP. They have two dogs. Should I be concerned? Should there be additional conditions in the lease? Like cleaning the carpets when they leave etc...

Hi, I have an IP in QLD. The lease was signed for 6 months. I got a call from the PM saying the tenant is moving out. I presumed the current tenant would pay all the letting fees and the rent if the IP is vacant. Not the case! The PM told me because of job relocation, he is able to break the...

Hi, I just purchased an IP in Mackay. I live in Sydney. The settlement date is 11th Nov. The property is already tenanted and they would like to stay on and asked if I wanted to deal with them directly. Is this a good option being so far away from the IP? My thinking is to use PM...

Hi, I have a new IP. The agent called and said she found a very good tenant! And they would like to move in to the house in five days time. We agreed. I had a call from the agent seven days later saying the tenants changed their mind. Should they be able to do this? Also, cannot understand...

Hi, Does any one know what the Arundale suburb in Qld is like? The place I am looking at is all new houses in a new golf course estate. The house is $320,000 with $300 rent p/w. Regards, Roger.

Hi, Can any one comment on the house prices and rental returns in Cessnock. The house I am interested in is $180,000, the rental return $180. This prices in this area has already gone up by 40% last year. Regards, Vachik.

Hi, I have two IP's in NSW and are looking to buy the next one in QLD. This is mainly to make sure land tax does not become a problem and also to diversify. A friend has purchased an IP in Southport, Gold cost for $320,000 currently renting for $300. He has lived around there for number of...