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Hi all, I was hoping for some advice on a particular issue. Around July, one of my properties had a faulty hot water system. As a result I replaced the hot water system. Since my tenants had to put up with cold water for one week, I decided to reimburse the tenants $100 for the...

Hi all, I have broken sewer pipe at my investment property. At the moment the problem has been fixed temporarily by the PM's plumber. I've asked the very same plumbers to provide a quote to fixed the problem permanently and they have responded back that they will need $30 to obtain sewer...

Hi all, I have just recently purchased my first investment property. Big thanks to all those who helped along the way. It it really appreciated. :D This property has yet to reach settlement and it is currently has tenant who are paying $370 a week. They have not had a rent raised in 3...

Hi all, If a council has a draft plan for rezoning a suburb where some sections will be high density commercial, Mix high density and other sections to be medium to high density residential, would it be a good purchase to buy a property in this area? If so would it be best to purchase in the...

Hi all, I'm looking to purchase a property in Upper mount Gravatt that was built in the 60's. This property needs a little cosmetic work but overall is looks structually sound. I am guessing the walls are asbestos fibro and from reading in the forums here, asbestos fibro is fine as long as...

Hi all, I've been looking at houses in the area of Upper Mount Gravatt Brisbane for my first investment property and have noticed that the council has rezoned some areas near Garden City Shopping Center as Medium to High Density. What is everyone's opinion on buying property in Medium to...

Hi guys, I seek the amazing advice from our resident forum members, I'm interested in a town house that is currently owned by defence housing. There is 16 town houses in the complex. One in currently under contract, one is on the market (which is the one I'm interested in) and the other...

Hi Guys, I just read Part IVA from the ATO which I found here: http://www.ato.gov.au/content/67145.htm Just for my own understanding I would like to ask a question about it in regards to my current situation. If we have the follow two scenarios: Home Loan: 200k Offset: 40k After purchase of...

Hi all, Someone once suggested to me that I should get a loan with a different bank for each investment property. I also read the same principle in YIP magazine. The reason that was explained to me was to avoid cross collateralisation and to maximised your flexibility. For example should...

Hi all, I'm in Brisbane however I will be moving to Sydney in the near future. I'm looking for an accountant to help with establishing my property investment portfolio. I looked online for property accountants and come across a few. When I went to one I mearly wanted to know what he was...

Hi guys, I've been lurking for a bit trying to learn as much as real estate investing for some time now. However, I would like to ask you guys for some advice. My mum lives in Kempsey NSW and wishes to move to Brisbane so that she can be near my Sister and help my sister look after her...

At the moment, I'm considering purchasing my first investment property. However I don't have the cash or equity to accomplish this goal just yet. So ... I've been looking at means to accelerate my effort to purchasing my first investment property. One idea is the reno my current PPOR. Would...

Hi wise Somersoftians, I recently had a job interview with two different companies as a software developer. The first is Lecia Geo-Systems, it builds GPS tracking systems for mostly the mining industry and is part of the Hexagon Corporation. The second is Nu-Lec, they develop power grid...

Hi everyone, I just found a property that has one house and a flat on the one property for an asking price of 265k. The owner of the property is currently renting the flat for $115pw (possible by the hand?). If I where to purchase this property I believe the house could be rented for $250...

Hi Everyone, My name is Dean and I am "The Great Procrastinator" So out of curiosity and prehaps a plea for help, what do you guys do to avoid procrastination? How do you avoid putting things off till the last minute? What motivates you to get the small things done?

Hi everyone, I have a relative who wishes to upgrade their PPOR. Their current PPOR is worth around $450k and the loan on the property is about $65k. They plan to purchase a larger property worth about $650k and rent it for a year or two. When the value of their current property is equal to...

Just curious as to what personality type an investor is using the Myers-Briggs personality types. You can do a test at the following: http://www.humanmetrics.com/cgi-win/JTypes2.asp If you know a better site to do this test, let us know. :) To start I'm an INTJ. Have fun. :)

Not that I've had much experience with renovation but this seem over ambitious to me. What do you guys thinks? http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=104264750&f=60&p=10&t=res&ty=&fmt=&header=&c=70582050&s=qld&snf=ras-bri&tm=1189139328

Hi everyone, I've come to fork in the road and I'm not certain in which direction to go next. Firstly I'll summise my situation. Income : $65,000 PPOR : $275,000 Loan : $249,858 Loan Repayment(min) : $1704...

Hi everyone, I just recently purchase my PPOR only two week ago. I starting thinking from here I have two possibilities. In the next year, I could: 1. Renovate the place to increase its overall value then use this equity to purchase my first IP. 2. Save all my money into a Interest...