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Hi Somersofters, My property got vacated last week. After tenanat left, I did inspection and found fllowing issues: 1) Stain on main bedroom wall 2) cabinet wood got damaged due to spill of some cleaning chemical 3) Tower hanger lose now. It rotates down with the application of small force...

Thanks for clarifying. I will call current tenant and will take back my request to pay water charges. Any idea how much $$ for certification for water efficiency including all equipment?

Who do this certification?

Hi somersofters, need your advice again ☺️ My understanding is that in logan area, tenant pay the charges for water consumption while charges for water infrastructure, sewage and garbage collection is property owner responsibility. Am I right? My current tenant is leaving on next Sunday...

Thanks Guys for your views. Much appreciate. Also can you recommend some local agents for Woodridge area? And I don't have any LL insurance. If you recommend LL insurance keeping in mind logan area, I will really appreciate this. Thanks

Happy new year Somersofters. I have an IP in Logan area which my current tenant is going to vacate on 16th of Jan. I have been managing the property myself as I also live in Brisbane. But now I am moving to Melbourne in end of January. I already put the property on gumtree for rent and...

Some interesting comments and views of different people about BMV. So after reading all comments, i came to conclusion that BMV is nothing but purchase price of property what buyer think is less as compared to same property sale price. Probably BMV properties have some minor defects...

Agree. If you are patient, something will come up eventually below market value... But what about if you are buying almost all properties on a reduced price. Let's forget what Nathan buy for his clients. Let's analyze his first 10 or 20 properties which he bought for himself. Almost all...

Hi, I been following this forum for like 6 months. Got some valuable insight into property investing. Few weeks back, I like Facebook page of Nathan Birch company "be invested". On the page I see so many posts from Nathan telling how he bought properties 100k to 150k below market value. It...

Mate, why thinking so much???? You just need to talk to them and explain your concerns politely. I am 100% sure they are not aware that they are creating problems for you. Once you will let them know, hopefully problem will be solved. If you try to call police or complain to...

what's the procedure to get commercial lease of a boarding house? For a normal boarding house say 10 rooms, how much money I am looking to invest to start operating?

$3k . Gamble it if you really frustrated to go into property. Either you will double it or lose it. (Don't take this advice. It's just sarcasm) On a serious note, I had put $30 into my tatt bet app account. By putting $5 or $10 bets as a fun on tennis games happening in china, my account is...

Not yet. I have my 1st IP a few blocks away from this one. I drove past this one many times but had not seen it from inside.

Yeah on this Purchase Price, if you add council rates, yield will further reduce to 4-5%.

Hi Somersofters! How much you offer for this sort of property if your strategy is having high rental yields properties to replace your income::confused::confused::confused: http://www.realestate.com.au/property-unit-qld-woodridge-116752995 Cheers Eli

Just to clarify my situation; I am in Australia for only 2 years. Got a engineering job as soon as I arrived. Made redundant in Feb after purchasing my 1st IP. From last 3 months applied for good number of jobs without any luck. May be not a good time for Engineers. Also Applied for jobs in...

Following are the requirements for Westpac bank Low Doc loan: "Generally when applying for a low doc loan you?ll need to provide the following: A signed Borrower's Income Declaration Your registered business name Your ABN Your Business Activity Statements for the last 12 months." So...

What about Low Doc Loans? I am checking requirements on internet for Low doc loan and apparently it appears that any self employed person can get these loans provided he has clean financial history. You just need to self certify your income.

Hi TMNT, I am going to start work on ABN as sole trader to generate income. Plan is to save every single cent to save $30k by December 2014 which I am hopeful that I can save this amount. What I need to know is can I borrow money from Bank by having 10%deposit if I am only working on ABN for...