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Update Just thought id update this thread. We ended up ripping out carpets, blinds, anything pourus and cleaned up as best we could. We then used Qld health and forensics as recommended on the Australian guidelines to come and swab. They did 8 swabs at a cost of $1200, all came back clear...

I have spoken to a meth lab clean up service. They have advised me that the initial testing of 6 swabs will be $330 and these very rarely come back clear. Next step is forensic testing $2500 - $3500, this will indentify levels and determine the method of clean up required (estimated to start...

Thanks for your replies. I will have a specialist company come in and test for contamination, was scared to go down that path as I can see this costing $$$$ but looks like we have no choice. As far as ive been told It was literally a small table in the garage with a little burner on it, so...

Needing some advise. I have been advised by Qld police of a small drug lab that was found at one of our rentals. After speaking with QPS they told me it was contained only to the garage and it is believed that they were manufacturing speed. The tenant remaining is vacating in two weeks, I will...

The building was purchased last July the then tenant went bust soon after, the building sat empty till Aug this year when the new tenant moved in. What is to stop us hiking up the rent during the rent review?? Making it unattractive for them to stay on?

1 year term with 9 months to go, 3 options, 2 years each

The block is big enough to extend and move along side current tenant. Rent review is due in 9 months. Ideally we would discount rent and negotiate to move into the complex after extensions are made. This would give us 12 months to get built and moved over. Any problems with this? If they are...

Looking for any tips on bidding at auction on a commercial building? Advertised as receivers sale. The premises is currently under a new lease for 12 months with 2 year options (lease will cover holding costs but thats about it). We would be purchasing to move our business in once our...

We are fully discharging 3 loans from RHG at the moment. The fees are outlined on the "Authority to discharge" form which should be completed 10 - 14 days prior to the discharge date. It states $695.00 discharge fee per loan and $300 Disbursement Administraion Fee. So yes you will be up...

Losses can also be carried forward for up to 7 years and used when you return back to work in Aus.

I would have thought that since your husband is paying the bulk of the tax this structure would be fine. You might be better capitalising the interest and redirecting the funds into the PPOR loan for a while.

We had no problem with the lend, both loans were with the NAB. Had to get 3 written agent appraisals as part of the application. We (me) fluffed the numbers at the time and actually ended up with an additional 100k woops. The savings are fantastic now ip is fully deductable and about $1800 a...

We have a portfolio facility (LOC) with the NAB and they have always used internal desktop valulations for us. It will depend on your situation and LVR

Thought people might be interested to know what we ended up doing in relation to this question I posted at the beginning of last year. The IP was in my husbands name only, I purchased it from him for $450k and my husband used the money to pay down our PPOR. We did this at the beginning of...

I may have missed a few things. We are unable to down size our PPOR in the short term - i am due to have our first baby in less than 4 weeks:eek:. Im also afraid my standards would not allow us to down grade:) Selling this property would put us back under the land tax threshold as it is...

Hoping for some opinions that will can help us explore the pros and cons of selling one of our rental properties to pay down our PPOR. We have a number of rentals so this wouldn't mean leaving the game by any stretch, just reduce our non deductible debt. The numbers are as follows Rental...

We are both commercial landlords and tenants. As a tenant I have always paid outgoings - insurance and rates. My question here is relating to council early payment discounts, are we entitled to them if we pay the landlord within the discount timeframe? As a landlord we are in the process...

A way to get around this without having a builders license is to ask the developer to add an annexure to the contact for early access. This is essentially the same as builder’s terms. The annexure would state that you could have access to construct a dwelling prior to settling on the block...

23.. and a few investments ticking over :-)

Yes we have worked really (really) hard, I think thats why it is so scary to think of LOE. The thought of "undoing" what we have created. I suppose we just need to learn more about it to feel comfortable.