Search results

Congratulations Andy! :) In regard to your valuation query: Yes, get one done from a licensed REA. Reason being, if you do ever sell after the 6 year PPOR rule and are up for CGT, The amount will be based on the valuation from when it started being a rental/investment property and you will be...

PS, Just my 2 cents here but don't even worry about what the appraisal comes in at. You might get what they tell you first day on the rental market or you could even have to drop it by $50p/w to get someone in until the lease runs out and things turn around for the better, Thats happened to me...

Hey Andy! It sounds to me like you're just not willing to be a property investor. I wish we could change your mind (for you and your partners sake) but I'm not holding my breath. As previously stated: 1. Take a LOC for more than you require, but a property where you want to live, keep the...

Hey Andy! :) I hope you really do receive $90k from the sale, but in reality the fees will take that down a bit. And thats 'if' you receive the price you're asking. After all this I'd expect you might walk away with $40k or so. Thats $5000 more than the fees you paid to buy it! Not much of a...