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Aw no fair Perky. How come you got your copy and I didn't get mine. Daylight saving must give you an unfair advantage. It better turn up tomorrow. Hey, closeup shot didn't show up too many wrinkles did it? The suspense is killing me.:) By the way MJK, I checked out all the trusts but...

Thanks Kev... I think:p Actually you got your report out before the next issue of API. I am impressed.:D For those of you who don't know Les and I are to be featured in the next two issues of the API magazine (they couldn't fit it all in one issue).:)

Tenants from Hell I can honestly say we have never had any real tenants from hell. Some have been flamin pests and the neighbours at times have also been difficult but on the whole all our tenants are a good bunch.:D

Hi Kidders To increase your equity, perhaps you could do a simple cosmetic reno, like erect a nice front fence or paint the exterior. The new revaluation may turn up some more equity for you. Cheers Brenda:)

Question and answer time. Q. Do I borrow the full amount. A. If I have the equity, I borrow 100% plus settlement costs also. Q. Do I cross collateralise. A. Yep, it's only security for the lender. They are hardly likely to sell up everything including your ppor for a default, is not a...

*BUMP* Sorry guys, will get to answering books,maintenance questions etc shortly. Bonecrusher, I will answer your pm soon, honest:D Nearly lost this thread as it was second last on the last page and I aint writing it all down again. Cheers Brenda :)

Gee Sim, I couldn't remember where I was with ip investing and had to go back and see what I'd already posted. I should begin with the end of this financial year. Due to the sales of the two ips, Les (hubby) got to pay tax this year but it was only approx $420. I lost some of my carried...

Sunstone, I tell my kids if they don't do their homeschool they won't get a good grade, then they will have to be employed to clean all my ip toilets. Seriously, we try to include our kids in all our purchases and running of ips and try to educate them that Dad's atm will not constantly keep...

Firstly, let me thank the people who came along to our BIG meet on the 26th Aug in Brissy. Les and I were guest speakers and I let Les do most of the speaking (he's got a better financial brain than me) and we thoroughly enjoyed the nite out. Next to answer your question, anneE, of whether we...

Well done addicted! I'm trying hard not to buy at the moment and your addiction post nearly tipped me over (it is fun tho isn't it.) I think I'd like the rental return from 20 ip's in Tassie as opposed to a unit in Sydney but that's just me. Hwd007 if maintenance looks like it may be...

Update to 20 ips, sold neg geared ip for profit & paid out loan on PPOR & one ip. Had various reasons for selling so won't bore you all with it. Bought 3 more ips with one loan at $52k, $52k & $53k, rents are $110k, $115k & $110k (one was already renovated). Then portfolio became 22ips &...

Thanks GeoffW for the web site on the next Peter Spann Seminar in Brissy. Unfortunately, I will be busy that day at the Brissy Ekka with my dog defending his Best of Breed title. Have booked the Somersoft seminar on 31st August tho. Missed that one last year. Seem to be playing 'catch up'...

Hi Robyne, Yes I did or co-ordinated the reno's myself after doing the 'Reno Kings' seminar. Have never seen Peter Spann, would like to tho, have his books. Also have Dolf de Roos book '101 Ways to massively increase the value of your Real Estate without Spending too much money. There...

So sorry Robyne I didn't get back to replying on the reno's cost question. In 2001 hubby & I saved up & attended Geoff Doige & Paul Eslick's 'Reno Kings' all day seminar. It was inspirational for us as we didn't have any idea whatsoever on doing reno's. Discovered that not all reno's have...

I use a QS on ALL properties regardless of age as my tax agent or me if I get energetic has to prepare a purchase summary of all new purchases each tax year. The F&F items the QS unearths are deducted from the full purchase price to find the basic house & land amount. This is important...

Always subject to building/pest/finance appro. QS after settlement is icing on the cake, for approx building writeoff the building inspection should give you a rough guestimate. If an old house with no building writeoff I guess from 6 to 8k for regular F&F deprec. Not a lot but every little bit...

Check out internet RE websites. If you find a particular area that looks promising then run up a phone bill and speak to the property managers in the area. They are a wealth of knowledge & you might find a good one that way. The property investor mag has stats & rents as a guide for most areas...

Very good cad:)

Believe it or not, most of the IPs were listed at median price in their respective areas. We just offered less & the deals were accepted. Yes, by all means I check out ALL areas & prices for perhaps a high Cap gain invest but I don't believe (for us) now is the time to jump in on those...

Hi all, QueenBee I like that cherry on top bit would that be your dream PPOR in the future? Thanks Novski for reminding me of Bazza's question of why so many so quick. The world population is growing & housing will get scarce & expensive. Les & I watched while Brisbane boomed & figured the...