Buying & selling, property management, renovating, development, houses, units, residential, commercial Thu, 28 Feb 2019 10:22:09 +0000 Thu, 28 Feb 2019 10:22:09 +0000 InvestChat https://www.investchat.com.au/community/forums/real-estate.4/ Tue, 12 Feb 2019 22:11:22 +0000 https://www.investchat.com.au/community/threads/regarding-sourcing-properties-for-investment.10330/ https://www.investchat.com.au/community/threads/regarding-sourcing-properties-for-investment.10330/ invalid@example.com (Adam2019) Adam2019
I was wondering besides the usual real estate websites like Domain, Realestate,etc and speaking to local agents of the area you are targeting...are there any other way to source or faster source more properties to consider so that investment cycles can start earlier as this stage is often critcal and very time consuming and sometimes waitinig for the right/most suitable investment could end up killing the whole point as too much time cost is incurred.

Many thanks....

Regarding sourcing properties for investment]]> 1 Wed, 28 Nov 2018 04:48:43 +0000 https://www.investchat.com.au/community/threads/stamp-duty-concession.10281/ https://www.investchat.com.au/community/threads/stamp-duty-concession.10281/ invalid@example.com (Cindy) Cindy
Now in 2018, me and husband are looking for second property. My husband is PR now. I just want to ask is there any chance that we could be eligible for Stamp Duty Concession?]]> Wed, 21 Nov 2018 23:58:51 +0000 https://www.investchat.com.au/community/threads/property-management-tips-for-a-successful-investment-property.8053/ https://www.investchat.com.au/community/threads/property-management-tips-for-a-successful-investment-property.8053/ invalid@example.com (Pure Property Management) Pure Property Management
Property Management Tips For A Successful Investment Property]]> 2 Wed, 21 Nov 2018 23:57:58 +0000 https://www.investchat.com.au/community/threads/can-anyone-suggest-good-property-manager-in-perth.7692/ https://www.investchat.com.au/community/threads/can-anyone-suggest-good-property-manager-in-perth.7692/ invalid@example.com (K_veg) K_veg
Anyone know of an agent that is cheaper?

Thanks
Karen]]> 2 Mon, 29 Oct 2018 12:34:17 +0000 https://www.investchat.com.au/community/threads/title-insurance-for-smsf-factory-purchase.10260/ https://www.investchat.com.au/community/threads/title-insurance-for-smsf-factory-purchase.10260/ invalid@example.com (srini) srini
I'm new to this forum, but have been on PropertyChat and BusinessChat for a while and before that on Somersoft.

We have an offer accepted on a factory/warehouse unit in VIC. The vendor currently holds it in his super and we'll be buying under our new SMSF.

The property is not under a mortgage and the vendor holds the title. My conveyancer has stated that we should consider getting Title Insurance.

Is it worth it and how much would it cost? Purchase price is $550k.

Thanks
Srini]]> 1 Tue, 23 Oct 2018 09:57:24 +0000 https://www.investchat.com.au/community/threads/main-residence-6-year-rule.10256/ https://www.investchat.com.au/community/threads/main-residence-6-year-rule.10256/ invalid@example.com (Sydney888) Sydney888
Scenario:
Main residence - lived in it for 10+ years
Moving overseas for work, renting overseas.

Renting out main residence:
Case 1 - less than 6 years and return back to live in it: no CGT when I do sell
Case 2 - more than 6 years and return back to live in it after 10 years: how would CGT apply if I sell it after living in it for another 5 years?
Case 3?- multiple rental periods each less than 6 years and return back to live in it after 10 years: no CGT when I sell?

Thanks]]> 4 Sat, 22 Sep 2018 01:31:58 +0000 https://www.investchat.com.au/community/threads/selling-a-cross-collateralised-property.10206/ https://www.investchat.com.au/community/threads/selling-a-cross-collateralised-property.10206/ invalid@example.com (chrisjacko) chrisjacko I own 2 properties- both investments;
1: Loan: 210k. Value: 450k
2: Loan 500k. Value: 80k. (yep, i brought in the mines and it has screwed me)

The two properties are cross collaterised. If I sell both, I am in debt close to 200k.
Question: If I sell property 1, will the bank keep ALL (100%) of the sale to put towards property 2???
Is there any way to do this and be left with some sort of money to use for myself??????? I think Bankruptcy may be my only option, but I'd love to...

Selling a cross collateralised property]]> 4 Tue, 24 Jul 2018 08:04:35 +0000 https://www.investchat.com.au/community/threads/sellers-obligation-to-fix-items-found-in-building-inspection.10172/ https://www.investchat.com.au/community/threads/sellers-obligation-to-fix-items-found-in-building-inspection.10172/ invalid@example.com (K_veg) K_veg
My settlement agent says that I have no...

Seller's obligation to fix items found in building inspection]]> Thu, 21 Jun 2018 11:00:09 +0000 https://www.investchat.com.au/community/threads/warning-on-builders-in-perth.7719/ https://www.investchat.com.au/community/threads/warning-on-builders-in-perth.7719/ invalid@example.com (MS67) MS67 You also need to check out these builders at the following website...

Warning on Builders in Perth]]> 4 Tue, 05 Jun 2018 06:36:32 +0000 https://www.investchat.com.au/community/threads/be-careful-not-to-get-priced-out.10118/ https://www.investchat.com.au/community/threads/be-careful-not-to-get-priced-out.10118/ invalid@example.com (Haumea) Haumea
Five years and 2 months later, an identical property in my street sold for 2.2million

So, the property increased around 100% in 5 years, a gross increase of 1.1 million. Pure random luck in the market. I can honestly say, I did not see this coming.

My household is on a relatively high income, but there is no way that...

Be careful not to get priced out]]> 1 Tue, 05 Jun 2018 05:07:47 +0000 https://www.investchat.com.au/community/threads/auction-newbie.10055/ https://www.investchat.com.au/community/threads/auction-newbie.10055/ invalid@example.com (Sargent) Sargent
I'm a first time investor - looking to get on the property ladder this year.

Does anyone have any thoughts on whether you can still get a good deal at auctions? Or should you try and buy direct or prior to auction?

Any tips would be appreciated!

Cheers]]> 2 Tue, 27 Mar 2018 01:14:17 +0000 https://www.investchat.com.au/community/threads/investment-property-resident-to-non-resident.10042/ https://www.investchat.com.au/community/threads/investment-property-resident-to-non-resident.10042/ invalid@example.com (Sydney888) Sydney888
If we were to move overseas and still retain the IP.
Is the bank interest charged still deductible against other Aus based income (rent and others)?
We are planning to come back to Aus later.

Thanks]]> 1 Wed, 14 Mar 2018 09:40:39 +0000 https://www.investchat.com.au/community/threads/melbourne-apartments-question.9332/ https://www.investchat.com.au/community/threads/melbourne-apartments-question.9332/ invalid@example.com (Daddy) Daddy
and apparently 40% are smaller than 50 square metres, which is smaller than just the BEDROOMS in many houses (eg. Sydney, London, Adelaide).

source: 20. Avoid Melbourne's Poor Quality Apartments

I'm...

Melbourne Apartments - Question]]> 2 Tue, 06 Mar 2018 03:46:42 +0000 https://www.investchat.com.au/community/threads/using-smsf-for-us-property.10021/ https://www.investchat.com.au/community/threads/using-smsf-for-us-property.10021/ invalid@example.com (#Novice) #Novice
Just wondering if anyone has had any experience in using SMSF to invest in US property. More specifically investing as part of a investor group in purchasing a block of units/trusts.

I have already done some investing directly but am wanting to expand and use a SMSF.

Any advice or thoughts would be greatly appreciated. Wanting to research what roadblocks there might be with using the SMSF.]]> 5 Fri, 12 Jan 2018 23:09:55 +0000 https://www.investchat.com.au/community/threads/can-i-rent-my-non-approved-dwelling.4005/ https://www.investchat.com.au/community/threads/can-i-rent-my-non-approved-dwelling.4005/ invalid@example.com (canirent) canirent
Just looking for a bit of help. I have a building on my property which is not an approved dwelling. Can I rent it out at all? Can I rent it out while I go through the process of getting council approval? I'm happy to shell out a few dollars for the improvements necessary to get council approval but not to be fined or even go to jail (eek).

Thanks for taking the time to answer!

(My google-fu is weak and approaching our small council tends to peak their interest - something I...

Can I rent my non-approved dwelling?]]> 12 Sun, 26 Nov 2017 03:11:44 +0000 https://www.investchat.com.au/community/threads/use-investment-funds-for-ppor.9939/ https://www.investchat.com.au/community/threads/use-investment-funds-for-ppor.9939/ invalid@example.com (Alemilyx) Alemilyx
However in the new year, I am moving to the bundaberg coast (for at least 1 year, and potentially longer) and see potential in this market for keeping a property as a rental after I finish at this job.

Currently I have 2 properties rented out on North and South side of Brisbane which are cash flow neutral/positive with my...

Use investment funds for PPOR?]]> 7 Mon, 20 Nov 2017 13:28:10 +0000 https://www.investchat.com.au/community/threads/what-to-do-when-you-have-ips-and-are-renting-a-ppor.9941/ https://www.investchat.com.au/community/threads/what-to-do-when-you-have-ips-and-are-renting-a-ppor.9941/ invalid@example.com (gretchiii) gretchiii My husband and I own 4 properties, one we are currently living in but we've outgrown. We want to move in to a house in Kingsgrove or surrounding suburbs but we can't buy one unless we sell one of our Eastern Suburbs units which we don't want to do. So we've decided to rent a house in the area because rents for houses are very cheap compared to cost price and we get to keep our 4 properties and rent the perfect home for us for $800 a week. With good discounts on rates for P+I, is it...

What to do when you have IPs and are renting a PPOR]]> 1 Mon, 20 Nov 2017 13:24:03 +0000 https://www.investchat.com.au/community/threads/should-we-pay-off-our-ip-and-super-questions.9938/ https://www.investchat.com.au/community/threads/should-we-pay-off-our-ip-and-super-questions.9938/ invalid@example.com (pauljm) pauljm Not sure if i have posted this in the right section but here it is anyway. Thanks in advance for any help we need to make some decisions on this within a week...

*Our investment property generated an income of approx 5k last year- it rents for 510 pw and we owe $190k
*We are thinking of paying principal and interest on the 190k we owe on it.
*We own the house outright that we live in.
*We have approx 40k in the bank and no other debts. Our current spend enables us to maintain this...

Should we pay off our ip and super questions?]]> 1 Tue, 24 Oct 2017 00:31:02 +0000 https://www.investchat.com.au/community/threads/short-term-lmi.9906/ https://www.investchat.com.au/community/threads/short-term-lmi.9906/ invalid@example.com (Groldol) Groldol
My partner and I are in the middle of selling and buying investment property.

We have 2 investment properties and our PPOR and will be settling on 1 of the investment properties today and listing the other in the next week or so.

We have also found another property which we are wanting to purchase as in an IP.

After what seems like an eternity the bank we are dealing with, who do not currently hold any of our mortgages, has informed us we will...

Short term LMI.]]> 4 Fri, 20 Oct 2017 22:29:10 +0000 https://www.investchat.com.au/community/threads/cgt-foreign-buyers-investment.9912/ https://www.investchat.com.au/community/threads/cgt-foreign-buyers-investment.9912/ invalid@example.com (Needhelp) Needhelp
Apologies if my terminology is incorrect and thank in advance for any help.

Background

I bought my PPOR 8 years ago and have lived there since & I am a Aus citizen. My husband and I also bought an IP 2 years ago.

My parents have move to Aus from overseas and are now about to live in my PPOR. My husband and I are now moving into the investment property.

Ideally I wanted to sell my PPOR to my parents for the amount outstanding on the loan ($400K), but as they are not...

CGT - Foreign buyers - investment]]> 5 Fri, 18 Aug 2017 06:19:20 +0000 https://www.investchat.com.au/community/threads/should-i-sell-my-ip-to-pay-ppor-mortgage.9876/ https://www.investchat.com.au/community/threads/should-i-sell-my-ip-to-pay-ppor-mortgage.9876/ invalid@example.com (Mark88) Mark88 Would appreciate some opinions on what would be the best thing to do.
I am 29 and married with 2 kids (11 month old and 2 year old). My annual income is about 96k before tax and unlikely to go up significantly in the future. Wife doesn't work due to the kids.
Our PPOR mortgage is 340k (property worth about 800k).
When I was 19 I bought an investment property for 357k and in the current Sydney market it is worth about 700k. Current mortgage on the IP is 352k.
I have calculated...

Should I sell my IP to pay PPOR mortgage?]]> 8 Mon, 26 Jun 2017 06:36:27 +0000 https://www.investchat.com.au/community/threads/stamp-duty-when-buying-off-the-plan.9774/ https://www.investchat.com.au/community/threads/stamp-duty-when-buying-off-the-plan.9774/ invalid@example.com (jasminekash) jasminekash
I bought a off the plan townhouse in November 2015- The stamp duty had to be paid by the end of 15months and I was under the impression that it would be time of settlement. the property is still going though its final touches and will not be ready to settle for another 2 months. If I was to pay the stamp duty 3 weeks before the settlement what kind of interest do I need to pay for the unpaid stamped of $19,562.60.

Thanks,
Jasmine]]> 6 Fri, 23 Jun 2017 05:50:33 +0000 https://www.investchat.com.au/community/threads/special-rate-for-properties-managed-in-tasmania.9834/ https://www.investchat.com.au/community/threads/special-rate-for-properties-managed-in-tasmania.9834/ invalid@example.com (Joey1984) Joey1984
Does anyone on here have a property in Tasmania that is currently being managed by an agent (other than Rock Property Group)?

Reason I ask is I currently have a property in Glenorchy being managed by Rock Property. They have been excellent the last couple of years but their rate % is too high. They charge 9.5% plus GST so 10.45%.

I asked them if they can reduce this, and they said best they can do is 0.25% discount. Most other Tassie agents charge the same % anyway.]]> 3 Fri, 10 Mar 2017 03:41:57 +0000 https://www.investchat.com.au/community/threads/loan-restructuring-scenario-sense-check.9738/ https://www.investchat.com.au/community/threads/loan-restructuring-scenario-sense-check.9738/ invalid@example.com (MrMarket) MrMarket
I was hoping to do a sense check, based on my reading so far - it would be very much appreciated.

Background

• I own an unencumbered apartment with a loan + offset account attached - that is, the loan amount is 100% balanced out by an equal amount of cash held in the offset account.
• The property was originally held for investment purposes.
• My father now lives in this property rent free.
• The loan amount hurting my serviceability, as I understand that lenders...

Loan restructuring scenario - sense check]]> 5 Thu, 02 Mar 2017 09:21:34 +0000 https://www.investchat.com.au/community/threads/subdiving-and-selling.9658/ https://www.investchat.com.au/community/threads/subdiving-and-selling.9658/ invalid@example.com (timoz) timoz is that possible anywhere ? How does this work? Also a 850 square land can hold how many sub divided dwellings? Who pays for the build process? Can a builder finance the project and give you couple of dwellings?
What are the tax implications. Can you please guide me with the right info or...

Subdiving and Selling]]> 3 Wed, 12 Oct 2016 03:44:47 +0000 https://www.investchat.com.au/community/threads/builders-fined-by-the-building-services-board.9623/ https://www.investchat.com.au/community/threads/builders-fined-by-the-building-services-board.9623/ invalid@example.com (Build West) Build West
The Building Services Board has fined Willetton building company Build West Pty Ltd (reg. BC10002) and its director and nominated supervisor for negligent conduct and failing to properly manage and supervise its work.

The Board determined that, in contracting for and carrying out home building work at properties in Churchlands and Riverton between 2013 and...

Builders fined by the Building Services Board]]> Thu, 28 Jul 2016 02:22:16 +0000 https://www.investchat.com.au/community/threads/aeps-property-management-feedback.9487/ https://www.investchat.com.au/community/threads/aeps-property-management-feedback.9487/ invalid@example.com (annabee541) annabee541 1 Sat, 02 Jul 2016 09:35:39 +0000 https://www.investchat.com.au/community/threads/the-previous-agent-hold-my-bill-on-purpose.9476/ https://www.investchat.com.au/community/threads/the-previous-agent-hold-my-bill-on-purpose.9476/ invalid@example.com (RAIN) RAIN
After 3 years unpleasant experience with TPM Management Company I and my partner decided to change the agent. At the time I had sent a complaint letter to Office of Fair Trading as the agent didn't look after our property. That includes leaving the tenants staying in our property with a broken down dishwasher, oven and a dirty pool. I had tried to contact TPM however no one replied my email ( I realised that they change property managers frequently so no one would care the email)....

The previous agent hold my bill on purpose]]> 1 Sat, 18 Jun 2016 11:35:37 +0000 https://www.investchat.com.au/community/threads/rent-from-yourself.9414/ https://www.investchat.com.au/community/threads/rent-from-yourself.9414/ invalid@example.com (Dezz) Dezz So we all know that paying off your PPOR is a bad investment decision as payments and costs etc are non tax deductible. What about buying it in a company name (that you are a director of) and then renting the property from your own company?
Is that possible?
What considerations are worthwhile?]]> 5 Sun, 01 May 2016 10:51:42 +0000 https://www.investchat.com.au/community/threads/opinions-please.9153/ https://www.investchat.com.au/community/threads/opinions-please.9153/ invalid@example.com (Mark88) Mark88
Would appreciate everyones opinions please. I'm 26 and have a salary of about 80k & going to get married next year & this is my current situation:
- 1st IP bought in 2011. House in Blacktown bought for $357k. Current morgage is $360k & house is worth approximately $430k. I lived in this house for 6 months to claim FHOG and then rented it out.
- 2nd IP bought in 2013. House in Kings Park bought for $468k. Current mortgage is $334k & house is worth approximately $540k....

Opinions Please]]> 6 Sat, 30 Apr 2016 04:36:05 +0000 https://www.investchat.com.au/community/threads/commercial-leasing.9457/ https://www.investchat.com.au/community/threads/commercial-leasing.9457/ invalid@example.com (Full_House) Full_House If people here have tried leasing properties both with one agent, and with multiple agents, which seemed to work better?]]> Sat, 30 Apr 2016 04:35:21 +0000 https://www.investchat.com.au/community/threads/researching-for-commercial-shops.3503/ https://www.investchat.com.au/community/threads/researching-for-commercial-shops.3503/ invalid@example.com (TROM) TROM
i have tried a few but no luck in finding older shops for sale etc.

any one advise?]]> 4 Tue, 12 Apr 2016 13:26:36 +0000 https://www.investchat.com.au/community/threads/live-in-investment-property-mortgage-tax.9383/ https://www.investchat.com.au/community/threads/live-in-investment-property-mortgage-tax.9383/ invalid@example.com (ABlondie) ABlondie
I am a newbie and just signed a contract to buy a property and i need your advise urgently. Here are some backgrounds:

- Loan: Investment Property - so we can afford the property (Interest is higher)
- Deposit 10%.
- We now want to live in it and still keep it as Investment Property with the Bank, and will not have any income from the property.
- We won't be claiming any expenses or Negative Gearing from it at all.

Now here are our concerns:

1. Would we have any...

Live in Investment Property: Mortgage, Tax...]]> 2 Tue, 12 Apr 2016 13:21:05 +0000 https://www.investchat.com.au/community/threads/buying-houses-strategy.9339/ https://www.investchat.com.au/community/threads/buying-houses-strategy.9339/ invalid@example.com (helloworld1) helloworld1
One thing I picked up from his seminar was that you should buy at least 1 house every year with the intention of holding the homes for a 10 year period and then selling half to pay off the others...This obviously assumes they all double in price.

Is this a realistic goal? Has anyone else done this? Cheers]]> 4 Tue, 12 Apr 2016 12:37:48 +0000 https://www.investchat.com.au/community/threads/paying-off-investment-property-mortgage.9421/ https://www.investchat.com.au/community/threads/paying-off-investment-property-mortgage.9421/ invalid@example.com (Sri4adeal) Sri4adeal I need an advice on this. I've an investment property and a mortgage associated with this property. I also have a home loan on my property where I'm living currently. I've a balance of $380000 on my investment mortgage and 460000 on my other property. I'm planning to sell my investment property as it has gained in value and would like to pay off one mortgage with the aim of paying off the mortgage on the house I'm living quickly also. What will be the best decision?
- Can I use...

Paying off investment property mortgage]]> 2 Tue, 12 Apr 2016 12:35:48 +0000 https://www.investchat.com.au/community/threads/equity-question.9405/ https://www.investchat.com.au/community/threads/equity-question.9405/ invalid@example.com (Timbo4) Timbo4
I'm currently paying off own home and two IP's with approx. $220,000 equity between own and one rental property. Toying with the idea of turning own home of seven years into an IP and purchasing new home. Any ideas if current equity can go into new home or other useful tips?

Cheers in advanced,]]> 2 Mon, 29 Feb 2016 12:10:43 +0000 https://www.investchat.com.au/community/threads/primary-residence-change.9439/ https://www.investchat.com.au/community/threads/primary-residence-change.9439/ invalid@example.com (Sparkyboy) Sparkyboy I currently live in a $600k home (Property A)with a $345k repayment mortgage as my primary residence
I also own 2 other properties valued at $500k each with Interest only mortgages of $273k (Property B) & $312k (Property C) respectively.
I want to move into property B (which has been rented out for the past 10 years since it was constructed) for family reasons and commute to my current primary residence for work as I have a business in that area. I will effectively be living between...

Primary Residence change]]> Sun, 21 Feb 2016 00:00:19 +0000 https://www.investchat.com.au/community/threads/vancouver.9429/ https://www.investchat.com.au/community/threads/vancouver.9429/ invalid@example.com (Tropo) Tropo Vancouver teardown in Point Grey sells for almost $2.5M - British Columbia - CBC News]]> Wed, 27 Jan 2016 11:07:57 +0000 https://www.investchat.com.au/community/threads/toowoomba.9178/ https://www.investchat.com.au/community/threads/toowoomba.9178/ invalid@example.com (debrob) debrob 1 Sun, 10 Jan 2016 00:09:22 +0000 https://www.investchat.com.au/community/threads/does-investing-in-us-property-work.9404/ https://www.investchat.com.au/community/threads/does-investing-in-us-property-work.9404/ invalid@example.com (Peter G) Peter G
"Went to the seminar, got sucked into the hype, bought 1,2, or more "cheap" Turnkey U.S. properties with projected ROIs of 15%-20%, used my Super and savings to do it, and now 3-4 years down the road the reality is that I paid too much, I've lost money, I've had to rehab the property at least twice at $10K per time, the Property Manager stole my money, and now I can't even sell the thing unless I take a 50% hit."

The thing is,...

Does investing in US property work?]]>