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Got a note through from Gunns in the last couple of days,. They have agreed to sell the Southern Cross Forestry holdings of which I hold 14 lots. For my investment of $3k per lot I will receive back a grand total of $6.86 each. Yup 6 DOLLARS and 86 Cents:eek: And that is provisional...

I know when you buy a property, the acquisition costs are written off over 5 years, but is the same true when you buy a business? I am thinking of solicitors costs etc I will ask my accountant next week but any help would be appreciated

Had my climate smart check this morning. Lots of work to do:eek: My one indulgence - the heated floor in the bathroom - costs me 50c per hour and i haven't turned on the dryer yet. I think the kids are going to hate the monitor as I will able to tell them exactly how much each light bulb they...

Just a quick question. I see a lot of posts saying 'I have just had my property revalued at $xxx,xxx' or my propertu is now worth $xxx.xxx. Are you getting your properties revalued by the bank on a regular basis, or by a REA or just estimating from RE.com?

I just received my monthly PMs newsletter ad was interested to see the article below. Arrears Both Claire and Kerryn are working hard to keep the arrears at a minimum, The problem that we are now facing is some of our owners do not want to upset their tenants. Please realise that if we...

Just got back from the Brisbane gig - 2.5 hours of pure magic

The projection is that both hubby and I can retire to plan in 10 years.:D We have only been investing for 3 years in both property and an equities portfolio. (had to as have NO super at all being a migrant and not having to have a pension in the UK) so when child 2 leaves high school- thats it...

At the last inspection my tenant complained that the porch tiles were cracked and coming off, so I got my PM to arrange to have them replaced ( cost about $600) The next inspection report has just come through and the tenants are complaining that the new tiles are slippery and dangerous. They...

Just had a bad experience with a real estate agent.QLD Scenario - 3 houses viewed 899k, 799k, all offers presented Spoke to real estate agent on 'all offers presented' to get an idea of ball park. Mentioned 650 verbally and he spoke ot vendor and came back with 670 - I said OK I'll go to...

I have just received my bi annual inspection report on which the property manager commented that the place was immaculate! She also enclosed photos which showed the pace gleaming and the gardens well cared for. I have recently rented to 2 middle aged long term renters with a large dog, who...

Following on from the thread on unlimited Insurance cover, who are people using for their landlord/building insurance. I am currently with AAMI but a wondering if this is a good deal. I know there is more to it than the cheapest cost, including easy dealings if you need to make a claim etc so...

Put an offer in yesterday on IP 3. 3 bed low set brick & tile in Kippa-Ring (Redcliffe peninsula QLD). Had one rejected last week so hopefully this one will go through. If not have a third in my sights. Wasnt actually looking to buy already as IP1 was purchased in April 07 and IP2 in...

Had to post this as I was watching 'Hot Property' (sad I know) and they unveiled their no 1 suburb for growth over the next 2-5 years - Clayfield Figures of 40% growth were being bandied about. This is where I live and I must say the propoerty prices at the moment are goign mental. I dont...

I have an ABN for as a sole trader for lecturing fees. I also used this abn when claiming back GST on an agricultural investment. My query is can I use this same abn and GST registration to claim back the GST on all fees I pay in relation to my investment properties. Not sure where I stand as...

Have a bit of a tale for you. We have a couple of older ladies renting one of our IPs and they are a little demanding. In the last 2 weeks there have been 4 letters to the PM requesting items to be fixed. Some of them are absolutely justified and have been fixed but some are incredible, and...

Just thought I would share this with you as you were really helpful over my ultimately failed attempted purchase of a unit recently. I bought my second IP yesterday. Details - 3 bed very tidy low set weather board house in Toowoomba, currently renting for $230pw, paid $210k. Needs a new...

I am a bit narked. I put an offer in for an IP. Deceased estate 3 daughters selling. The porpoerty is due to go to auction but the agent was very clear - all offers welcome before auction date. Well I hate auctions so I put in a price that was well in the ball park and the agent ummmed and...

I have found an IP that I want to buy. it is currently tenanted at $40 below market rate with no rent review until May 08. Can I buy it with vacant possessions and then re-let it at the higher rent or do I have to honor the current tenancy Thanks Mrs DR