Will it annoy tenant privacy?

I want Quantity Surveyor to access the property for tax depreciation schedule (Ideally prior 30 June). However, I have just got tenant moved in last week. If wonder if Quantity Surveyor inspection will make tenants annoyed due to privacy distrub.

What are your ideas?

Will it annoy tenant privacy?

ANZ staff lend 90pc no lmi?

Hi everyone

Does anz offer its staff 90pc lend without lmi?

What's the full policy? Eg How long do you have to work there before you get that, does it apply to ppor only or can you use it for IP too?

Thank you in advance

ANZ staff lend 90pc no lmi?

Real Estate audio (research)

Hi all

I was wondering if anyone could recommend some good audio/podcasts etc. related to real estate investment.

I currently listen to a few on the way to work which are really great (real estate talk w/Kevin Turner & the property couch - highly recommend each of these by the way) - just wondering if there are any other resources that people would recommend?

Cheers

Real Estate audio (research)

2016 US Presidential Election

18 months or so out and this is already getting very interesting.

This is a list of current Democratic Party nominations.
Lincoln Chafee (fmr Governor of Rhode Island)
Hillary Clinton (Mrs #42, fmr Senator for New York, fmr Secretary of State)
Martin O'Malley (fmr Governor of Maryland)
Bernie Sanders (US Senator from Vermont)

So basically, Hillary and three other people you'll likely never hear of again.

Otoh, this is a list of current Republican Party nominations.

Jeb Bush (election fixing son of #41, brother of #43, fmr Governor of Florida)
Ben Carson (Pediatric Neurosurgeon)
Ted Cruz (Senator from Texas)
Carly Fiorina (Former CEO of Hewlett-Packard)
Lindsey Graham (Senator from South Carolina)
Mike Huckabee (bass playing fmr Governor of Arkansas)
George Pataki (fmr Governor of New York)
Rand Paul (Ron's son, Senator from Kentucky)
Rick Perry (fmr Governor of Texas)
Marco Rubio (Senator from Florida)
Rick Santorum (fmr Senator from Pennsylvania)
Donald Trump (current owner of the world's worst hair).

On the GOP side in particular, I'm really looking forward to the jostling.

But I still expect a Bush / Clinton rematch atm.

I think Jeb will have the best $$$ raising ability.

And I just don't see Donnie being (a) taken as a serious credible alternative to Jeb, or (b) lasting the distance without some form of moment that scuttles him. Just ask Howard Dean. Yeeaaahhh!

2016 US Presidential Election

Problem with Brisbane Council -- New Driveway and Tree

Hi All,

I demolished the house and start to build 1 house on each of the lots.

Now I have a problem for one of the houses.

There is a Jacaranda (street tree) in front of the block. I lodged a driveway application to council and was told I need to get approval from council tree section.

The tree section staff seems not willing to remove the tree.

If I move the driveway to the left side of the block, the plan is compromised due to setback.

I am building the right hand side lot at the same time so no setback for the garage if it is on right hand side. If moving garage to left hand side, it needs 1 meter setback.

My question is: does the owner have legal rights to have the tree removed or the council need to take consideration while making the decision that street tree should not compromise the building design?

I attached the plan.


Thanks in advance

Cheers

William

Attached Thumbnails

 

Problem with Brisbane Council -- New Driveway and Tree

Consolidating loans

Hi, I would appreciate some advice. At present I have 5 loans with 3 banks.
I have 3 investment properties

Bank A
Loan 1: home (PPOR)
Loan 2: Line of credit for investment property expenses
Loan 3: Investment loan

Bank B
Loan 4: Investment loan

Bank C
Loan 5: Investment loan

I was thinking about consolidating loans to one bank. Any pro?s and con?s.

Thanks

Consolidating loans

Loan Structure - First IP

Hi,
I am seeking some advice, direction and suggestions and I would very much appreciate your input.

My wife and I are looking to purchase our first IP this year. Our goal is to build a property portfolio that will assist us in retirement and provide a stepping stone for our three kids when each one reaches adulthood (which at this point in time can't come soon enough!:)). Before we purchase that first IP, we want to ensure we have our loan structure set up correctly and it is this area that I am seeking your advice, opinions and suggestions.

Our current loan structure is set up around our PPOR. We purchased the house in 2009 and the total mortgage is currently at $409K. The total mortgage is split in two and looks like this:

Variable P&I = $89K. This also has an offset feature that we place all our surplus money into.

Fixed IO = $320K. The fixed period has roughly 12 months left.

Last week, we sought and were provided with a bank valuation (desktop) on our PPOR. The figure came in at $630K. I am advised by my Mortgage Broker that, after all things considered we could have access to (approx) $95K of usable equity.

To move forward with our investment plan we are looking at setting up with our current lender a LOC against the usable equity ($95K), and then use the LOC for the deposit, purchasing costs, buffer etc for the IP. The outstanding mortgage for the IP will be sought from a different lender.

In relation to the loan structure for our PPOR, do you think we should be setting it up differently? Perhaps we should combine the two mortgage to one P&I, or IO loan with the offset function? Perhaps it is fine as it is?

Your time, advice, suggestions (and upper-cuts) are very much appreciated.

Loan Structure - First IP

report. advice?

Just got a property report back yesterday and he was saying that literary nothing is on the market similar. Its a triple front bv

is that a good or bad thing from that quote??

report. advice?

Fencing

Looking for a fencer in Perth I have called four places they either don't return calls or are booked for weeks - any suggestions?

Fencing

Yet another Brisbane thread... $650k budget

Hi all,

First of all, sorry for yet another Brisbane thread. Hoping for insights to point me in the right direction as I currently feel a tad lost.

Current circumstances
- Aged: 25 to 30
- Short term goal: Build equity
- Long term goal: financial freedom
- Budget: $650k, perhaps $700k?

I'm looking for short / medium capital growth to expand my portfolio and increase my overall equity position. At the same time I'm looking for decent yield as I don't want to hit serviceability issues.

Hoping to purchase one or maybe two IP's in the next 3 months and utilize my equity. I live in Sydney and my knowledge about the Brisbane market is limited to what I've read on this forum and media.

My key two questions are
- What top 5 suburbs should I be keeping an eye on with my budget / goal.
- Due to my limited knowledge, should I be using a buyers agent?


Thank you!

Yet another Brisbane thread... $650k budget

Live in Studio Rent out PPOR

Hi

Just after some input, I am currently looking at building a studio dwelling on my PPOR with the intention of living in it and renting out the established house.
-Is this legal (Perth, City of Wanneroo) (I have been advised that it is)
-Is there any insurance issues that i should be wary of
-Is there any sort of CGT implications

I was initially going to go down the route of a granny flat I would be over capitalising.

Thanks for any input.

Live in Studio Rent out PPOR

Is there a way for landlords to join forces and boycott the environment

I have a house with tenants that use too much water. They drink and drink and bathe and cook and abuse the heck out of it.

I have been doing some research and have discovered that all this water comes from the environment. Clearly it is out to make a profit from supply us with all this water at such low costs so we just use and use and at the same time screw up all the landlords who get charged on a kl to kl basis.

Is the a way to boycott the environment to rid us poor landlords of this plentiful supply of water so tenants start using less?

Is there a way for landlords to join forces and boycott the environment

Confused about structure NOOOOBBBIEE

Disclaimer: Apologies in advance. I feel like I've read the whole internet and watched every investors video but I'm, STILL a Noob.

I've already made my first couple of mistakes and a hoping to glean some insight from you experienced types on where to go from here.

I am single, 35, earn approx $45K per year. I absolutely love my job, but it's not going to get me anywhere unless I make my money work harder.

To date:
Sept 2014 - Bought 2 brm pathetic unit in Hobart for self to live in and renovate.
Purchased: $168K (95%LVR) , reno $15K (did most of it myself) Reval: $210K
May 2015 - Bought a Broken Hill 3brm house
Purchased: $110K Borrowed $120K to do small reno and have cash for next investment; Tenanted for $240/wk.

June 2015: Whoa! SOMERSOFT! NEWS FLASH! Hey hey hey! The other kids are trying this too! There are even some grownups around here!

Hmm... Slow up! Just because you're 35 and scared, doesn't mean you should be buying in Broken Hill and now you're cross-collateralised which is a term you'd never heard of 2mo ago.
Found a broker in Syd who can get me 3.99% but starting to learn that's not everything, hey...

Thoughts to get this Noob on track?

Confused about structure NOOOOBBBIEE

Brisbane- what to buy

Hi all!
I'm a first home property buyer. I will like this property to be great for rental, and also great for me to live in, when work takes me back to Brisbane (Work tends to send me around QLD or elsewhere).

Budget- 550 000 ideal max. Can go up to 600,000 for the ideal property.
Had seen an amazing looking townhouse in Clayfield asking for about 600,000. E-W orientation, semi-detached freehold (sharing walls with neighbour, diving wall between bedrooms), and 164sqm2 in land area. Its a lot that has been subdivided into 3 lots, I think. The rental is about 530/wk.

I am now thinking instead of that (dad doesn't like the built- he's in the construction business and pointed out a few things he doesn't like which he says would be dealbreakers for him, including trouble with the neighbour in future (although different titles realistically speaking we are sharing a house)) and I trust his judgment. I think with the same money I could buy a decent real house in an area like Gaythorne, Stafford, Enoggera, Nundah, Alderley (say a smaller lot of about 300 to 400sqm2, maybe 2 bedrooms or 3 bedrooms, 1 bathroom, ready to move into but some renovation work wouldn't hurt kinda scenerio).

Just wondering what people think about my thoughts or am I being stupid or unrealistic here? Also out of the inner north suburbs are there any other suggestions? My criteria are good schools nearby, close to public transport, and NOT on main or secondary streets, or too close to them. I have this love affair with the Northside, always felt the most comfortable here compared to the South or West.

I have a lot of questions and we really are struggling here. Never knew buying a house is so hard! Thanks for all the help!

C

Brisbane- what to buy

Future party leader

I might get howled down ... but after watching Christopher Pyne for quite a while now, I think he might be a serious Liberal party leader in the future.

Malcolm Turnbull has done his dash - I think Julie Bishop will be next in ... but Mr Pyne seems to have a really good knack of a touch of larrikin whilst retaining his dignity ... and more importantly ... getting the message across clearing and sicsinctly without Abbotts heeing and hawing

Future party leader

Whose buying? Investors or PPOR's

Comment in todays SMH Letters to the Editor page

'Most property purchases now are for investors or for tax avoidance reasons'

True or not?

Whose buying? Investors or PPOR's

Aussie Expat in UAE - 90% Lend Possible

Hi All,

Long time lurker on the boards here. I am looking for some information on the maximum LVR achievable for an Australian expat living in the UAE. From recent dealings with CBA (contract fell over today - c'est la vie), I was told that GE Money won't touch anyone who earns income in UAE Dirhams?

So I guess my question is, is it possible to achieve a 90% LVR on an IP purchase in Australia, if earnings are paid in AED?

A bit of background info on my situation:
- Working in UAE for three years, same company and role I previously worked in back in Brisbane (total of 4.5 years with the company)
- Salary is quoted in USD and converted to AED for payment. Allowances are quoted and paid in AED.
- Currently own two IPs at a combined LVR of around 78% (value $381k + $510k)
- My wife and I earn around a combined AU $270k + bonus (tax free) inc. allowances
- Looking to buy in Brisbane around $500k at 90% lend if achievable

Are there any brokers here who are familiar with this sort of situation that could offer any advice?

Thanks in advance!

Aussie Expat in UAE - 90% Lend Possible

Buffett buys into the Australian share market.

http://ift.tt/1JUNZ6g

Never sold my free IAG shares and took out the option to buy more,
Up almost 5% today.
Might be time to dust off the old margin loan as he is eyeing some bank shares as well.

Buffett buys into the Australian share market.

'Medico' package (85%+ LVR with no LMI) for IT workers

Hello brokers! (and forum),

Has anybody had any success getting some kind of medico style deal for an IT worker?

i.e. Investor loan, 85-90% LVR with no LMI?

I've heard mixed reports.

David.

'Medico' package (85%+ LVR with no LMI) for IT workers

PM proof of inspection

Should a inspection document be sent to LL with pictures etc

How does one know the inspections have really taken place if the only confirmation is an email from PM

PM proof of inspection