PropertyInvesting.com | abcd1 | Activity https://www.propertyinvesting.com/members/abcd1/activity/ Activity feed for abcd1. Tue, 14 Apr 2026 14:59:43 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 a65f27567795809cd2499b64212dca12 abcd1 replied to the topic $250K what to do? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408108-250k-what-to-do-2/#post-4681065 Sun, 18 Nov 2012 06:50:38 +0000 look at investing across multiple properties, I have made the mistake of tying to much cash up in 1 property

in 5 years from now you don't know where that property value or rent return may be or bank rules…

]]> f8a10bf66855f53a52b7614ad7f3dcf6 abcd1 replied to the topic Motel Investment in the forum Commercial Property https://www.propertyinvesting.com/topic/4396914-motel-investment/page/8/#post-4607437 Fri, 28 Sep 2012 19:46:23 +0000 Hey Crest I am looking at a leasehold motel coastal no food

11 units pool etc, returning $140.000 new 25 year lease

I have read all your posts and I see you mentioning banks lending on 30% for leaseholds is this still the case?

I have around $200,000 equity they are asking $480,000 for the motel that we are interested in.

]]> 647971158f3449f6b0067dc9503d60da abcd1 replied to the topic Houses or units in the forum Help Needed! https://www.propertyinvesting.com/topic/4406397-houses-or-units-2/#post-4668148 Mon, 23 Apr 2012 10:16:47 +0000 I would go with houses unless your buying a block or the unit shows positive after all fees Including the body corp and was close to say brisbane cbd etc

]]> ba3f67dea3519852360a4614322d445d abcd1 replied to the topic Toogoom hervey bay queensland FIFO colton coal mine? in the forum luke86 wrote: I was in https://www.propertyinvesting.com/topic/4406401-toogoom-hervey-bay-queensland-fifo-colton-coal-mine/#post-4668173 Mon, 23 Apr 2012 10:13:43 +0000 luke86 wrote:
I was in Hervey Bay last year and personally would not buy an IP there. Walking around town there are a mountain of large vacant blocks with old for sale signs up. Many (if not most) of these blocks are DA approved for townhouse/apartment developments so you would have to wonder if the area was such a great spot for development…[Read more]

]]> 96cf30068751abdab88e69d5fff22d64 abcd1 replied to the topic Toogoom hervey bay queensland FIFO colton coal mine? in the forum waydo77 wrote: seems like https://www.propertyinvesting.com/topic/4406401-toogoom-hervey-bay-queensland-fifo-colton-coal-mine/#post-4668171 Mon, 23 Apr 2012 00:36:03 +0000 waydo77 wrote:
seems like more of a retirement suburb? 15-20 kms from schools from shops is a fair distance for renters. only found a little convenience store nearby.

I would personally not be relying on a couple of mines, I’d be looking to see what other projects are on the cards or other established industry in the region.

I wouldnt take…[Read more]

]]> 90ca92546938a7f1a9ce1c750a8b5f5e abcd1 replied to the topic QLD mining regions (Bowen & Surat Basins & Gladstone): Willing to help anyone with questions in the forum Help Needed! https://www.propertyinvesting.com/topic/4404256-qld-mining-regions-bowen-surat-basins-gladstone-willing-to-help-anyone-with-questions/page/12/#post-4652220 Mon, 06 Feb 2012 20:41:48 +0000 moxi10 wrote:

JT7 wrote:

crazya wrote:
Also here's a tip for those looking to invest in the mining towns, after speaking to a mortgage broker (Mortage Choice in G), unless you have 20% deposit, you won't be able to leverage into these places.  The LMI originators won't go near them and they do not take into consideration the high rent…[Read more]

]]> 2e69a14db6cf8460dad25e37a7aa7038 abcd1 replied to the topic National bank has no idea what's going on in Moranbah in the forum Help Needed! https://www.propertyinvesting.com/topic/4405359-national-bank-has-no-idea-whats-going-on-in-moranbah/page/2/#post-4660024 Sat, 10 Dec 2011 14:43:33 +0000 Qlds007 wrote:
Again to correct 1. Anz will only do 95% lvr for existing customers who have had a retail lending product with the Bank for more than 6 months. (as per page 63 of the Anz Operations Lending Manual).2. Anz will use 100% of family payment, parenting allowance and sole parent pension including disability support pension and…[Read more]

]]> 0baae3b54a356825df8da32d637a1910 abcd1 replied to the topic National bank has no idea what's going on in Moranbah in the forum Help Needed! https://www.propertyinvesting.com/topic/4405359-national-bank-has-no-idea-whats-going-on-in-moranbah/page/2/#post-4660022 Sat, 10 Dec 2011 01:48:23 +0000 Qlds007 wrote:
This will be my last response to this post as it is going nowhere1. Sorry CBA do still take Pension income into consideration. You might check their website to confirm this.Also as i have mentioned previously under NCCP there is no difference in the amount you can service based on PAYG income or disability income and anyone who…[Read more]

]]> 925db8d6fb405e8c1bf6c3d6756329b4 abcd1 replied to the topic National bank has no idea what's going on in Moranbah in the forum Help Needed! https://www.propertyinvesting.com/topic/4405359-national-bank-has-no-idea-whats-going-on-in-moranbah/page/2/#post-4660019 Fri, 09 Dec 2011 13:49:09 +0000 CBA used to count disability income they do not anymore I have done a dozen deals with CBA they changed there terms at the start of this year and will not lend to anyone on pension income and lost a lot of customers we were one of them.

Not sure about the credit score and NAB obviously take pension income we talked to cba and moved to NAB becuase…[Read more]

]]> 2e7ab3545f00752a04f054a7cc39604b abcd1 replied to the topic National bank has no idea what's going on in Moranbah in the forum Help Needed! https://www.propertyinvesting.com/topic/4405359-national-bank-has-no-idea-whats-going-on-in-moranbah/#post-4660015 Fri, 09 Dec 2011 04:02:54 +0000 Qlds007 wrote:
Find myself asking why the post was made in the first place if you have already decided to sell your PPOR.CheersYours in Finance 

Simply venting and to let others know what a pain in the neck it has been if others are using NAB preapproving then changing there mind in 24hours is simply unbelievable.
Mate if we could get the…[Read more]

]]> 4cbea9944aac30fb81ae69a105ef0f0b abcd1 replied to the topic National bank has no idea what's going on in Moranbah in the forum Help Needed! https://www.propertyinvesting.com/topic/4405359-national-bank-has-no-idea-whats-going-on-in-moranbah/#post-4660012 Thu, 08 Dec 2011 12:45:58 +0000 Shape wrote:

abcd1 wrote:
the problem is the lending manager seems to think Moranbah willl get thousands of homes built soon.
We were told they don’t believe we would get 2k+ a week for a 4 bedder in Moranbah although the contract was subject to a lease agreement.

We are just going to sit on our hands until we can sell our PPOR and get cash…[Read more]

]]> a24eaba0474b91bbb1b4fd5383b79fd8 abcd1 replied to the topic National bank has no idea what's going on in Moranbah in the forum Help Needed! https://www.propertyinvesting.com/topic/4405359-national-bank-has-no-idea-whats-going-on-in-moranbah/#post-4660010 Thu, 08 Dec 2011 12:11:32 +0000 Shape wrote:

abcd1 wrote:
Thanks for the helpful feedback we have tried the Broker route also as we are on pensions this doesn’t seem to be possible even with 200k equity guess will just have to wait until house is worth selling to do something.

Sounds like you got a serviceability issue? having equity won’t help as you still can’t service…[Read more]

]]> 827ef6397cddd98f177bf5436798a793 abcd1 replied to the topic National bank has no idea what's going on in Moranbah in the forum Help Needed! https://www.propertyinvesting.com/topic/4405359-national-bank-has-no-idea-whats-going-on-in-moranbah/#post-4660007 Thu, 08 Dec 2011 05:13:28 +0000 Thanks for the helpful feedback we have tried the Broker route also as we are on pensions this doesn’t seem to be possible even with 200k equity guess will just have to wait until house is worth selling to do something.

]]> 3c9bdb662bcbf80fb1ed64603823a925 abcd1 replied to the topic Mining Towns in the forum Help Needed! https://www.propertyinvesting.com/topic/4401933-mining-towns-6/page/3/#post-4636536 Mon, 05 Sep 2011 03:43:15 +0000 shoooshoo wrote:
hi Jasin

i dont know the details unfortunatley. but thanks for the information. do you know what the LVR required borrowing amount is in blackwater/dysart?

depends on the lender NAB is 20% for dysart,middlemount not sure of other lenders

]]> 235aab436fa2ca83252637a041e800ed abcd1 replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/41/#post-4549226 Wed, 31 Aug 2011 00:36:45 +0000 simple wrote:

luke86 wrote:
I think you will find that property repossessions are relatively low compared to other developed nations around the world, and by no means high compared to historical levels in Australia. No need to hit the panic button.Cheers,Luke

Agree, my post reads like a bit of over reaction.This is probably a result of been…[Read more]

]]> 6078269d0ad18c828b9920e8dbb19061 abcd1 replied to the topic Would you buy in middlemount? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404473-would-you-buy-in-middlemount/#post-4654039 Sat, 20 Aug 2011 00:13:32 +0000 Derek wrote:
Know what you are saying – just doing some feasibilitty on a WA mining town for investors with ~17% return. Making sure the fundamentals are all right first. So far looking good.

Hi derek would you mind sending me some more info on these 17% return properties?

]]> d00a39e96d73fc8e8ad2b60c15f14fa9 abcd1 replied to the topic Would you buy in middlemount? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404473-would-you-buy-in-middlemount/#post-4654037 Fri, 19 Aug 2011 18:27:09 +0000 Thanks Derek yes size my concern also it’s a service town for several mines
German Creek
Central Colliery
Foxleigh
Southern Colliery
Middlemount Mine
Bundoora

as far as the NAB is concerned they will lend there on a 80% emerald looks like a better option however I haven’t found the returns as high as Middlemount Dysart Moranbah.

my main concern…[Read more]

]]> 1d3f39cf23e366d80ceb5f05b8fd7709 abcd1 replied to the topic Would you buy in middlemount? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404473-would-you-buy-in-middlemount/#post-4654035 Fri, 19 Aug 2011 08:41:11 +0000 bump

]]> 040ae11eee97fcedd2c3cc0dcff25138 abcd1 replied to the topic Rent To Buy in WA in the forum Creative Investing https://www.propertyinvesting.com/topic/4404418-rent-to-buy-in-wa/#post-4653645 Thu, 11 Aug 2011 11:56:08 +0000 I have the rent to buy options massive pack the story is exactly how ricks says to set it up

I never said vendor finance was a problem although you do need a license now.

This part is worrying the seller was selling homes without a real estate license is the main reason he is in hot water he should just get one it cost few hundred bucks.

sounds…[Read more]

]]> 1e21adb8e61d897ebb339329c8f5464f abcd1 replied to the topic what sort of deposit needed for mining towns? in the forum KeyStrategies wrote:Good https://www.propertyinvesting.com/topic/4404422-what-sort-of-deposit-needed-for-mining-towns/#post-4653700 Wed, 10 Aug 2011 22:17:00 +0000 KeyStrategies wrote:
Good Morning ABCDYour question could be "How long is a piece of String "? SO the answer is It Depends Which mining areas – WA, Qld, NSW or Victoria?Which Lender?Which Mortgage Insurer?How big is the Town?Which mining activity – Coal, Iron ore or Gold?You need to be more specific – My experience (which is limited to coal…[Read more]

]]> 5a03ff6e4533aff121795656a02bc0bf abcd1 replied to the topic Rent To Buy in WA in the forum Creative Investing https://www.propertyinvesting.com/topic/4404418-rent-to-buy-in-wa/#post-4653643 Wed, 10 Aug 2011 15:47:41 +0000 Isn’t this the strategy that is currently taught by Rick Otton?

sounds the same to me food for thought…

]]> e558e6982b87df036c39f18b22e40ebc abcd1 replied to the topic How can I buy these 12% return $400k+ equity in the forum Help Needed! https://www.propertyinvesting.com/topic/4404416-how-can-i-buy-these-12-return-400k-equity/#post-4653627 Tue, 09 Aug 2011 12:07:40 +0000 Tracey B wrote:
I checked those Moree ones out a while ago too, actually on 15 February this year so they've definitely been listed for while.If you'd like to turn on private messages in your profile I'll send you a link to something else I'd consider in the current market.

Thanks my Private messages are on I am looking for 10%+ I had a look…[Read more]

]]> 579aaf506fa8fed72a08ad097caa0c55 abcd1 replied to the topic How can I buy these 12% return $400k+ equity in the forum Help Needed! https://www.propertyinvesting.com/topic/4404416-how-can-i-buy-these-12-return-400k-equity/#post-4653624 Tue, 09 Aug 2011 11:28:46 +0000 xdrew wrote:
You arent the first person to stumble across these delightful Moree properties. I was aware of them when they first tumbled onto the market several months ago.Do your homework on them. And then you'll realise that the risks vs returns scenario is a lot more risks than returns.The excuse used by the landlord is he evacuated the…[Read more]

]]> 98b6eef728753e86b23e5e3add752acf abcd1 replied to the topic How can I buy these 12% return $400k+ equity in the forum Help Needed! https://www.propertyinvesting.com/topic/4404416-how-can-i-buy-these-12-return-400k-equity/#post-4653623 Tue, 09 Aug 2011 11:22:05 +0000 JacM wrote:
Here are my thoughts:If I found a deal I thought was unmissable, I don't think I would post the link on open forum in case anyone pinched it (wink).Firstly, I would double check with the agent that is currently managing the leases what the actual rental returns are (and would request to see this in writing through my solicitor), and…[Read more]

]]> 9eb2c3938fec04236873106d74c485cf abcd1 replied to the topic Investing strategies for people on a disability pension in the forum Help Needed! https://www.propertyinvesting.com/topic/4404412-investing-strategies-for-people-on-a-disability-pension/#post-4653598 Tue, 09 Aug 2011 09:23:04 +0000 christianb wrote:
It's an interesting question.Perhaps it has to with the structure you use.I'm not an expert in these matters, but there are others on here that are.In any case perhaps it could work like this:You form a unit trust with a corporate trustee to purchase the property.You provide security for the trust using your equity.The trust…[Read more]

]]> a0240bf5981adc415f6680bfe90aa5b8 abcd1 replied to the topic Investing strategies for people on a disability pension in the forum Help Needed! https://www.propertyinvesting.com/topic/4404412-investing-strategies-for-people-on-a-disability-pension/#post-4653597 Tue, 09 Aug 2011 09:21:45 +0000 Shape wrote:
Hi,

I don’t think there be any organisation that specialize in disability pension; as it’s diff in all states and only a very small part of the population.
Just a few tips;

1. The disability pension is taken as a “salary” in the bank’s eye- once your on a disability pension it’s very hard to get off…and the income is accepted at…[Read more]

]]>