PropertyInvesting.com | Aaron_C | Activity https://www.propertyinvesting.com/members/aaron_c/activity/ Activity feed for Aaron_C. Sun, 12 Apr 2026 16:50:54 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 b9d652c18e5597999cd465ed775b2e64 Aaron_C replied to the topic Will a lending institution take an independent prop valuation? in the forum Finance https://www.propertyinvesting.com/topic/4408088-will-a-lending-institution-take-an-independent-prop-valuation/#post-4680894 Mon, 26 Nov 2012 21:56:06 +0000 You can get lenders who will accept a valuation from a lender who is on their panel, even if it was originally done for a different lender. Done it plenty of times.

]]> a4e43a6a86aecb86764c9a1e5ddc7a56 Aaron_C replied to the topic Selling with neighbor in the forum Help Needed! https://www.propertyinvesting.com/topic/4406372-selling-with-neighbor/#post-4667947 Thu, 19 Apr 2012 11:26:34 +0000 The valuation is not your problem. But generally speaking two properties combined into a development site will be valued as a commercial prospect, which will attract a higher valuation if the feasibility is good.

]]> a319ba2b1cbaaeee31361cfba55af593 Aaron_C replied to the topic Selling with neighbor in the forum Help Needed! https://www.propertyinvesting.com/topic/4406372-selling-with-neighbor/#post-4667945 Thu, 19 Apr 2012 11:08:33 +0000 Sounds like a fine plan the only thing you’d need to do is sell the properties together. Which means there will be two contracts and each contract will be conditional on each one being sold.

]]> fb6309d5581d35badd38b7fa519717cf Aaron_C replied to the topic broker clauses? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406353-broker-clauses/page/2/#post-4667803 Thu, 19 Apr 2012 11:02:16 +0000 Hmm……strange behaviour from your broker tbh

]]> c2942671eef785c34e6d18f47cb77b1f Aaron_C replied to the topic SMSF Commercial Borrowing in the forum Finance https://www.propertyinvesting.com/topic/4406351-smsf-commercial-borrowing/#post-4667772 Thu, 19 Apr 2012 02:20:45 +0000 Yes I think your broker should be the one advising you on the different lenders and their options. SMSF Commercial isn’t that difficult but you have to watch for annual reviews, ongoing fees and whether your SMSF/Custodian deed matches up to the lender’s.

]]> 935aac3d15d872de0118624360e85880 Aaron_C replied to the topic Wait for equity or spend savings in the forum Help Needed! https://www.propertyinvesting.com/topic/4406345-wait-for-equity-or-spend-savings/#post-4667692 Wed, 18 Apr 2012 13:41:52 +0000 Not harsh Jamie – they really have no idea.

]]> 9358f656742069595bb8b2f7bc2799db Aaron_C replied to the topic Paying Off Investment Loans in the forum Help Needed! https://www.propertyinvesting.com/topic/4406362-paying-off-investment-loans-2/#post-4667860 Wed, 18 Apr 2012 07:45:06 +0000 Put any excess cash you have into an offset account against the loans so you don’t pay down the loans but effectively reduce your interest repayments.

]]> fa9d7f4a6639d42ca0fb8f71477498ac Aaron_C replied to the topic Purchase as PPOR, change to IP loan structure in the forum Hi mellowtool - it's hard to https://www.propertyinvesting.com/topic/4406354-purchase-as-ppor-change-to-ip-loan-structure/#post-4667812 Tue, 17 Apr 2012 07:50:39 +0000 Hi mellowtool – it’s hard to answer your question without more details. Have you consulted a broker/bank to see how much you can borrow?

]]> 58e8249edcbc0474ea213e854e4a3fe1 Aaron_C replied to the topic Best setup for brothers buying investment property together in the forum Help Needed! https://www.propertyinvesting.com/topic/4406348-best-setup-for-brothers-buying-investment-property-together/#post-4667712 Tue, 17 Apr 2012 07:34:32 +0000 A unit trust might be the more appropriate structure to make sure you establish the proper amount of % shareholding of each person. It avoids disputes as to who owes/owns what.

]]> 0d60e30f2116b1d1afb1ad16c4065030 Aaron_C replied to the topic Recommendations of mortgage brokers in adelaide in the forum Just pick up the phone and https://www.propertyinvesting.com/topic/4406347-recommendations-of-mortgage-brokers-in-adelaide/#post-4667702 Tue, 17 Apr 2012 07:33:00 +0000 Just pick up the phone and call any recommended broker, no matter where they are based. Face to face is not always necessary these days but I understand some people want that personal feel to it.

]]> 7226489fa1bf08b7309cdbd3482fb5dc Aaron_C replied to the topic Lower valuation than the purchase price in the forum Help Needed! https://www.propertyinvesting.com/topic/4406341-lower-valuation-than-the-purchase-price/#post-4667662 Tue, 17 Apr 2012 07:31:43 +0000 This is very common. Find a different valuer, one that is on the panel of other lenders if you think this is going to be a problem. Ask your broker to find one for you.

]]> 0a16775f9720645b2a24d307962fba85 Aaron_C replied to the topic First IP - comments/suggestions please in the forum Help Needed! https://www.propertyinvesting.com/topic/4406323-first-ip-commentssuggestions-please/#post-4667557 Sun, 15 Apr 2012 03:52:33 +0000 For a sub-80% lend it’s much easier to get finance and the type of property isn’t that relevant. Now all you need to decide is which type.

]]> 2c843c14bb148ae8cb4a38fa9660d9d3 Aaron_C replied to the topic First IP - comments/suggestions please in the forum What LVR do you need? https://www.propertyinvesting.com/topic/4406323-first-ip-commentssuggestions-please/#post-4667553 Sun, 15 Apr 2012 01:58:12 +0000 What LVR do you need?

]]> 042f7005414a9a645b0a524746d2a467 Aaron_C replied to the topic Best way to transition out of current PPOR to become IP2 and move to new? in the forum What you can do is get a https://www.propertyinvesting.com/topic/4406306-best-way-to-transition-out-of-current-ppor-to-become-ip2-and-move-to-new/#post-4667447 Fri, 13 Apr 2012 01:41:12 +0000 What you can do is get a rental appraisal for your current PPOR. Then when you purchase the new house you can service the new loan. Just avod cross collateralisation if possible – there’s no need to move out first.

]]> bf6cd8732ba50f05e68e95846f42d8d5 Aaron_C replied to the topic Advice on early possession and mortgage issues in the forum Help Needed! https://www.propertyinvesting.com/topic/4406300-advice-on-early-possession-and-mortgage-issues/#post-4667396 Fri, 13 Apr 2012 01:28:20 +0000 Hmmm problem is you are going into to a conforming lender that requires payslips. Your broker really should have organised alternative funding through a non-conforming lender as they should have known your situation with no payslips etc.

]]> 1bdc3876d38e825e43ae1aae4c9fa106 Aaron_C replied to the topic What is the best structure for a real estate investment partnership ? in the forum The advice of one director https://www.propertyinvesting.com/topic/4406301-what-is-the-best-structure-for-a-real-estate-investment-partnership/#post-4667399 Thu, 12 Apr 2012 13:04:29 +0000 The advice of one director is a good one for guarantee reasons. But in reality this may not always be possible.

]]> 9fc33b9250c4607d5cfddab40c30e5e7 Aaron_C replied to the topic Subdivideing corner block in the forum Age isn't an issue as long https://www.propertyinvesting.com/topic/4406289-subdivideing-corner-block/#post-4667200 Wed, 11 Apr 2012 07:39:19 +0000 Age isn’t an issue as long as you argue it properly. As for subdivision, you need to study your numbers properly and talk to Council at the very least.

]]> a50189f4519d8f9f85b6fd9dcfa3a1f5 Aaron_C replied to the topic Serviced Apartment - Owner Occupied in the forum Help Needed! https://www.propertyinvesting.com/topic/4406278-serviced-apartment-owner-occupied/#post-4667134 Tue, 10 Apr 2012 05:31:36 +0000 Why are you so focused on Serviced Apartments anyway if you know the risks?

]]> 10643132da2fe4ed5c1d5c0d10fccf9d Aaron_C replied to the topic 'As is condition' in the forum Help Needed! https://www.propertyinvesting.com/topic/4406264-as-is-condition/#post-4667043 Tue, 10 Apr 2012 04:43:16 +0000 Yes banks do not accept conditional offers during a mortgagee sale. Hence why if you want a B&P report, you have to pay for it yourself and take on the risk if it’s good or bad. Good luck with it.

]]> ec19ca29915a20cb7fa3a6ee0fcff0a6 Aaron_C replied to the topic Townhouse with lease back arrangements in the forum The cons with this type of https://www.propertyinvesting.com/topic/4406275-townhouse-with-lease-back-arrangements/#post-4667119 Tue, 10 Apr 2012 04:41:50 +0000 The cons with this type of purchase is that the banks don’t like it. Usually they will discount the ‘rental’ you get when assessing your serviceability to the normal market rate.

In the link you have provided, it is basically a serviced apartment – which lowers the maximum LVR to about 70% in many cases.

]]> 8f256453af2b953a44ffa4b659f6f0d8 Aaron_C replied to the topic Asset protection Question smart property owners ! in the forum Help Needed! https://www.propertyinvesting.com/topic/4406262-asset-protection-question-smart-property-owners/#post-4667016 Sat, 07 Apr 2012 09:44:58 +0000 Goblin the answer is never so simple with tax structuring. The journalist who wrote that article is right in a way but for those who are not in the big end of town it can be overkill with structuring.

]]> 3b21e5cd445c55f9226754592296d9e8 Aaron_C replied to the topic Melbourne hot spots in the forum Help Needed! https://www.propertyinvesting.com/topic/4406259-melbourne-hot-spots-2/#post-4666994 Fri, 06 Apr 2012 01:53:06 +0000 Yes that is a good strategy.

]]> 4ab432f9232ba972a6bb2d4a3db96da5 Aaron_C replied to the topic Bank Home Loan Servicability in the forum Help Needed! https://www.propertyinvesting.com/topic/4406253-bank-home-loan-servicability/#post-4666948 Fri, 06 Apr 2012 01:50:43 +0000 A 95% lend, especially for an investment property, is so difficult these days unless you have $$$$$$ of serviceability.

]]> 7bfdc561fe2ea26b55244239a76f5e0a Aaron_C replied to the topic On the way to 2nd IP and trying to find the right strategy in the forum Help Needed! https://www.propertyinvesting.com/topic/4405961-on-the-way-to-2nd-ip-and-trying-to-find-the-right-strategy/page/2/#post-4664440 Thu, 05 Apr 2012 05:41:07 +0000 DFT = Discretionary Family Trust.

]]> ab50e3ee888ab93e1f4ece616ed656c6 Aaron_C replied to the topic Putting in an offer tonight in the forum Help Needed! https://www.propertyinvesting.com/topic/4406219-putting-in-an-offer-tonight/#post-4666595 Wed, 04 Apr 2012 02:11:28 +0000 You can put the offer in now but make sure that you are able to pay the deposit to make the contract acceptable to the vendor.

]]> 3d4eefbd4a22e9e4cbb5357acbd36ca2 Aaron_C replied to the topic sub division in the forum Help Needed! https://www.propertyinvesting.com/topic/4406202-sub-division-7/#post-4666450 Mon, 02 Apr 2012 06:05:32 +0000 Yes Shan a subdivision will unlock value. But it takes time for the subdivision process to finish. Since you are looking to construct on the houses as well you might want to consider building first, then subdividing later. Subdividing first then building is not very efficient.

]]> 1a683eec8aeada5bed7c931ca3691fc7 Aaron_C replied to the topic sub division in the forum Help Needed! https://www.propertyinvesting.com/topic/4406202-sub-division-7/#post-4666448 Mon, 02 Apr 2012 05:34:52 +0000 Shan,

Your problem is easily fixed since you only have 2 dwellings on one title. You just need a lender that will work with you.

]]> de3bc3582d96672e0c972a3e64c34569 Aaron_C replied to the topic Best way out of a sticky situation? in the forum Transferring property https://www.propertyinvesting.com/topic/4406217-best-way-out-of-a-sticky-situation/#post-4666565 Mon, 02 Apr 2012 00:36:25 +0000 Transferring property between siblings will probably incur stamp duty. Also consider that if you borrow in joint names it will reduce your borrowing capacity on other properties as they assume that the entire debt is yours, although you only get half the income.

]]> e7e796e3e4de475c5d5473afeeb4e8a7 Aaron_C replied to the topic Great house in upcoming suburb, but very little land - still worth it? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406215-great-house-in-upcoming-suburb-but-very-little-land-still-worth-it/#post-4666557 Sun, 01 Apr 2012 08:16:15 +0000 Location, location, location! Let’s not forget that houses with larger land content have lower yields so they are harder to hold onto. Not every investment has to be a ‘potential subdvision’…there is more to property investment than that.

]]> 1258fec029459a8fc983fd0dd0fe86f1 Aaron_C replied to the topic Great house in upcoming suburb, but very little land - still worth it? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406215-great-house-in-upcoming-suburb-but-very-little-land-still-worth-it/#post-4666555 Sat, 31 Mar 2012 13:19:31 +0000 What’s more important to you? You obviously value the smaller block due to its location and features – so I would think it best to buy it in that case. A good investment is not always about the land content – location is the primary determinant of growth I believe.

]]> 9910fb8085354abc6ce30929b51e904e Aaron_C replied to the topic Can a vendor pull out of house sale contract after exchange of signed contracts ?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406214-can-a-vendor-pull-out-of-house-sale-contract-after-exchange-of-signed-contracts/#post-4666541 Sat, 31 Mar 2012 12:55:15 +0000 Get a caveat on the property NOW to stop the sale to the other purchaser. If you prove that you have signed the contract beforehand then you have exclusive right to enforce it.

]]> e543c4db12a3ec6552e218053db55d24 Aaron_C replied to the topic Investment Property Melbourne in the forum Help Needed! https://www.propertyinvesting.com/topic/4406212-investment-property-melbourne/#post-4666529 Sat, 31 Mar 2012 04:48:39 +0000 Sell it and get rid of it. It is a crap investment, full stop.

]]> c1e600c98edc08e84ba03a10ef1dc37b Aaron_C replied to the topic Absolutely new to this and need to bounce ideas off somebody.. in the forum Help Needed! https://www.propertyinvesting.com/topic/4406207-absolutely-new-to-this-and-need-to-bounce-ideas-off-somebody/#post-4666487 Fri, 30 Mar 2012 04:52:47 +0000 Victoria, my advice to you as a new investor/purchaser is to keep it simple. Once you start getting trusts, co-borrowers, guarantors et al involved you will overcomplicate things that don’t need to be complicated.

]]> b33653730885082b07d95e331dd16e5a Aaron_C replied to the topic $70k Saved up, Now what ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406204-70k-saved-up-now-what/#post-4666466 Thu, 29 Mar 2012 10:37:44 +0000 Here in Victoria the FHOG for an established property is only $7,000 – that is hardly anything. The tax deductions and rental you get from the first 6 months of holding an investment property far outweigh this paltry sum – particularly for higher value properties.

]]> d6e3247ad58a3c9ecb3052148db00f9a Aaron_C replied to the topic $70k Saved up, Now what ? in the forum I agree Jamie. Each has https://www.propertyinvesting.com/topic/4406204-70k-saved-up-now-what/#post-4666460 Thu, 29 Mar 2012 07:43:02 +0000 I agree Jamie. Each has their own pros/cons. I think it is healthy to live away from home – whether that be in a PPOR or by renting depends on the financial position of the person.

]]> c76e15c51694fbd761623484b7f25304 Aaron_C replied to the topic $70k Saved up, Now what ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406204-70k-saved-up-now-what/#post-4666458 Thu, 29 Mar 2012 07:01:40 +0000 I always advise my clients to invest first, purchase the PPOR later. With an investment you have a much better budget, and will be able to purchase much better quality property. No point buying a dogbox 1 bedroom apartment that is going to have limited growth, in my opinion, if that’s all you can afford.

]]> cb8ba65fbce0e1a2fca2d420384e09eb Aaron_C replied to the topic sub division in the forum Help Needed! https://www.propertyinvesting.com/topic/4406202-sub-division-7/#post-4666445 Thu, 29 Mar 2012 06:48:27 +0000 It depends on the area. If you see a lot of battle axe developments then perhaps go with that approach.

]]> 2050c8fe17e315a00db3c5e15843546d Aaron_C replied to the topic Confused about my first step in the forum Josh, Don't focus too much https://www.propertyinvesting.com/topic/4406196-confused-about-my-first-step/#post-4666403 Wed, 28 Mar 2012 12:45:51 +0000 Josh,

Don’t focus too much on the FHOG or FHO Boost. These are just gimmicks – and developers of house+land packages have inflated their price by the size of the grant anyway!

For an investment I would stick to purchasing decent properties in good locations. What is your budget? Have you arranged finance?

]]> 673086ae0461484b778fcba29569a47f Aaron_C replied to the topic Can I borrow against my investment property (2 bedroom Unit in Northern beaches-Syd) to help finace a ronavation at my house in the forum Help Needed! https://www.propertyinvesting.com/topic/4406192-can-i-borrow-against-my-investment-property-2-bedroom-unit-in-northern-beaches-syd-to-help-finace-a-ronavation-at-my-house/#post-4666358 Wed, 28 Mar 2012 06:14:57 +0000 Good point Richard. Owner-Builder has the same stench as ‘student accommodation’.

]]> 414cb840b389ac5448b5703d8148deca Aaron_C replied to the topic Can I borrow against my investment property (2 bedroom Unit in Northern beaches-Syd) to help finace a ronavation at my house in the forum Help Needed! https://www.propertyinvesting.com/topic/4406192-can-i-borrow-against-my-investment-property-2-bedroom-unit-in-northern-beaches-syd-to-help-finace-a-ronavation-at-my-house/#post-4666356 Tue, 27 Mar 2012 12:43:19 +0000 Yes as Terry said you can do it. Not a problem as long as you can service the debt.

]]> 1d3f8668b208f5e8a53b48c8e6059148 Aaron_C replied to the topic Offset Account or not? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406190-offset-account-or-not/#post-4666331 Tue, 27 Mar 2012 06:11:54 +0000 True Jamie. But at least with the offset there he could always pump the money in the offset into the mortgage if it was never going to become an investment property, and then redraw it out later.

]]> 67c5a4847951c227b547cf3ef462e6ad Aaron_C replied to the topic Offset Account or not? in the forum Open the offset account https://www.propertyinvesting.com/topic/4406190-offset-account-or-not/#post-4666329 Tue, 27 Mar 2012 05:58:28 +0000 Open the offset account asap. It provides the best flexibility.

]]> 290708c6acb3eb2fca5c71c32600a6fb Aaron_C replied to the topic Investing Inheritance in the forum Help Needed! https://www.propertyinvesting.com/topic/4406155-investing-inheritance/#post-4665980 Tue, 27 Mar 2012 00:14:41 +0000 Yes Terry is very knowledgeable and he’ll be able to help you out. It would be a crying to shame to waste the inheritance and hopefully you can invest it wisely from here on.

]]> 6669ea99167dc85e31c9cc28cf8a9811 Aaron_C replied to the topic Buy a new house as PPOR? Are prices inflated? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406173-buy-a-new-house-as-ppor-are-prices-inflated/#post-4666135 Tue, 27 Mar 2012 00:12:11 +0000 As a general rule, new properties are not good ‘investments’ because you are paying retail price for a product. Do you see people who shop at Myer making money by on-selling the products they bought? Of course not. Developers make money by buying land cheap, building for cheaper than what you can build for, and charging you retail price for both…[Read more]

]]> 95e1892df6c37333f26714e46f7032d9 Aaron_C replied to the topic town planner or architect, who should i go first if I want to have any development ( extension or build granny flat) in the forum Help Needed! https://www.propertyinvesting.com/topic/4406153-town-planner-or-architect-who-should-i-go-first-if-i-want-to-have-any-development-extension-or-build-granny-flat/#post-4665964 Tue, 27 Mar 2012 00:09:32 +0000 The private town planner would be the right person to talk to. Council will always give you the most conservative, unprofitable answer since a lot of them are ex-librarians with no idea how to make money. A private town planner knows the State Planning Framework etc like the back of his hand and will be able to help you maximise the use of the…[Read more]

]]> 81d1cc4a0511a187ab2730b0ac7bd949 Aaron_C replied to the topic Putting in offer on commercial property with smsf in the forum Definitely not 60 days for https://www.propertyinvesting.com/topic/4406184-putting-in-offer-on-commercial-property-with-smsf/#post-4666301 Tue, 27 Mar 2012 00:07:18 +0000 Definitely not 60 days for an SMSF loan – there are so many potential issues due to the complexity of the setup. 90 days, at a minimum.

]]> 2f02147b3c0b62df8d41aca7a4c0a9b6 Aaron_C replied to the topic New to investing in the forum Help Needed! https://www.propertyinvesting.com/topic/4406157-new-to-investing-8/#post-4665988 Tue, 27 Mar 2012 00:05:10 +0000 Speak to as many people as possible. You don’t have to follow the advice of every single person but by talking to people you get a better idea of what you are comfortable with and how you should go about your own business.

]]> 2cf18c280c23c7c02e6fec62f5ccf540 Aaron_C replied to the topic Sell PPOR to move or rent? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406126-sell-ppor-to-move-or-rent/#post-4665836 Wed, 21 Mar 2012 00:28:29 +0000 Agreed Richard. I think it’s taking a turn for the worse.

]]> 84e2ede17ec027f9bfc4f63181b44b8f Aaron_C replied to the topic Legalities of building an investment property but claiming FHOG in the forum Help Needed! https://www.propertyinvesting.com/topic/4406134-legalities-of-building-an-investment-property-but-claiming-fhog/#post-4665885 Wed, 21 Mar 2012 00:26:37 +0000 You are dealing with two different entities here. The Bank and the State Government. The bank lends you money to buy the property, and honestly they don’t care whether you use the property for living in or for renting it out, as long as they are happy you can service the loan. The State Govt, however, does care and you need to demonstrate that…[Read more]

]]> b73ccf9f2b703560f3416f155c8745d0 Aaron_C replied to the topic Decision time in the forum Help Needed! https://www.propertyinvesting.com/topic/4406135-decision-time-2/#post-4665893 Wed, 21 Mar 2012 00:24:39 +0000 What’s the developer building next door? If it would devalue your property I would suggest selling. If, however, it’s just a few units which gives you precedent for your own future development then potentially keep it. You can ask him for compensation to use your property during construction – I don’t know what rate to charge though.

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