Search results

  1. Modal Harmony

    Spreadsheet for IP's Summary

    Hi all, I have attached a spreadsheet summary which some of you might find helpful. This automatically calculates current LVR & gross yields based on when an IP was purchased to what it is worth today. Remember the data is only as good as what you put in (GIGO ;)). The calculated weekly rent...
  2. Modal Harmony

    Letting Fee Query

    We have just settled on our 6th IP and have a new PM due to the location (QLD Sunshine Coast). The house already has 2 young ladies as tenants who were on a periodic lease (monthly) after the seller put the house up for sale. This shall now revert to 6 month lease with these same 2 persons...
  3. Modal Harmony

    NAB Homeside Story

    We just settled yesteday (01MAY08) on our 6th IP. You would think we'd have learned by now, but the actual finance conveyancing was rather an ordeal. We had a loan due to other IP valuations for $60k set up and paid into our current LOC (all fine here). We had the new loan with NAB Homeside...
  4. Modal Harmony

    Tradesperson Emigration from UK

    I received the following email (in quotation marks) from some friends who are emigrating from the UK. Do any forumites have any words of wisdom I can pass to these good people? :confused: "We have friends who also want to relocate to Brisbane/Gold Coast. Do you know of any construction...
  5. Modal Harmony

    Contract on New IP

    Greetings All, just placed a contract on a 4/2/2 property in Caloundra, Sunshine Coast (see attached link) :). Have a quick look and tell me what you think. There's still a reasonable amount of property to be found there for < $500k and the yields are > 5% which would suit investors of...
  6. Modal Harmony

    Selling IP before Tenant Lease Expiry

    Hi All, Just wondering what legal implications (if any) might occur for us to sell an IP before current tenant's lease has expired.:confused: We are looking to fund another IP elsewhere and our mortgage broker feels our current situation won't justify the IP purchase to get the 80% LVR.
  7. Modal Harmony

    Tax Office Harrassment

    Hello All, the details in the first 2 paragraphs are sketchy, but it is the 3rd paragraph which has the queries. An Engineering colleague of mine relayed this disastrous story yesterday. He and his wife have a home based business and he is employed at an Engineering consultancy where I also...
Back
Top