PropertyInvesting.com | adamw | Activity https://www.propertyinvesting.com/members/adamw/activity/ Activity feed for adamw. Mon, 13 Apr 2026 09:37:17 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 acf9c6e0122b4d299173e11d27f9ef5c adamw replied to the topic 12 month CGT discount in the forum Help Needed! https://www.propertyinvesting.com/topic/4388192-12-month-cgt-discount/#post-4561130 Fri, 26 Jan 2007 05:52:09 +0000 Thank you Richard.

When I purchased the block, is the start of the period for CGT purposes the contract date also (not just when I’m disposing of it?). It was unclear in some other documentation I was reading whether the contract date was used for CGT only during the selling part of the transaction – and that the actual settlement date might be…[Read more]

]]> 6473c7ad611e5bc92a8a8fc6c434b354 adamw replied to the topic DHA rental appraisal in the forum Help Needed! https://www.propertyinvesting.com/topic/4387809-dha-rental-appraisal/#post-4559323 Tue, 02 Jan 2007 14:13:11 +0000 The issue is though, that they claim to pay you market rent appraised by an “independent” valuer. Independent no doubt means valuers that would do anything to keep their contract to value DHA properties…

They certainly aren’t paying market rent here.

]]> cb48d6b152fe595469854e799c48552d adamw replied to the topic selling house without an agent in the forum Help Needed! https://www.propertyinvesting.com/topic/4387824-selling-house-without-an-agent/#post-4559407 Tue, 02 Jan 2007 14:08:48 +0000 The fear of ‘getting less than you could have’ is one agents use all the time to make vendors feel uncertain of themselves.

This annoys me. If an agent sells your place for $10k less than it was worth, they stand to lose $250 of their commission. You stand to lose $9750. It is not in their interest to get you the best price, it is in their…[Read more]

]]> df29df76a0ea6533edb62e837ae1c741 adamw replied to the topic Interest in investing in Darwin in the forum Help Needed! https://www.propertyinvesting.com/topic/4387604-interest-in-investing-in-darwin/#post-4558368 Thu, 07 Dec 2006 12:36:24 +0000 I’m aware of the need for a real estate agents license, education and indemnity insurance.

It’s an idea I’m researching – if I don’t feel there is demand then I won’t go much further with it.

]]> 36761c5b85d0a875e42f992f675b146e adamw replied to the topic Deal Killer - Lenders Mortgage Insurance in the forum Finance https://www.propertyinvesting.com/topic/4386620-deal-killer-lenders-mortgage-insurance/#post-4553754 Tue, 29 Aug 2006 23:16:41 +0000 Originally posted by Terryw:
There are a few lenders out that that will let you go over 80% slightly. If you haven’t tried them, then that is a possible solution.

This is exactly what I have been looking for with this thread. Can someone name these lenders?

This is a full doc loan.

]]> dee7ddc47cb04d3ef2d1c5a0b61115fb adamw replied to the topic Deal Killer - Lenders Mortgage Insurance in the forum Finance https://www.propertyinvesting.com/topic/4386620-deal-killer-lenders-mortgage-insurance/#post-4553751 Tue, 29 Aug 2006 12:37:00 +0000 Sorry to post again.

As mentioned previously Westpac said no go and the phone monkey wouldn’t even pass me on to a senior lender to assess it. I said ‘so I can forget Westpac for my business then?’ and he agreed.

We can’t gear up any of the others. The only one available for that is the paid off block of land. This would be taking money from a…[Read more]

]]> edaeb7fd55b80a48b267ecf1c2dcc2ec adamw replied to the topic Deal Killer - Lenders Mortgage Insurance in the forum Finance https://www.propertyinvesting.com/topic/4386620-deal-killer-lenders-mortgage-insurance/#post-4553750 Tue, 29 Aug 2006 12:33:33 +0000 The settlement date can probably be extended (its a DHA property and they have been very flexible) if I can find a solution to this issue.

Unconditional contracts have not been exchanged yet.

]]> 7a91bd10c5e5129ec7b59a9e65f81752 adamw replied to the topic Claiming interest during building phase in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4384423-claiming-interest-during-building-phase/#post-4541727 Sat, 25 Feb 2006 08:58:39 +0000 Thanks to everyone for their insights.

Sad to see a mag like API publishing something like that – I’m sure I’m not the only one who freaked out a bit after reading that paragraph!

Derek – Glad to hear you were able to help them! It could definitely have a huge impact on cash flow getting that wrong!

]]> 2885d14c34542cbc703ab716082a3bea adamw replied to the topic WHERE are these cashflow+ properties?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4384341-where-are-these-cashflow-properties/#post-4541325 Wed, 22 Feb 2006 10:26:26 +0000 Originally posted by westan:
On a personal note i don’t think you should be investing with nothing down, unless you are buying something with instant equity. As Robert Kiyosaki says “the profit is made when you buy not when you sell”.

Can you please elaborate on this further? To me it seems as though borrowing as much of the value as possible…[Read more]

]]> eb971180364a9227b0f88f9f0ae89470 adamw replied to the topic solutions to no deposit in the forum Finance https://www.propertyinvesting.com/topic/4383884-solutions-to-no-deposit/page/2/#post-4539132 Sun, 29 Jan 2006 10:21:20 +0000 While I agree with what HB is saying and think mitchy has done herself a good thing by changing tact, I struggle to see why age needs to be brought up in these sorts of posts?

I make more money than my dad ($120K in an average year) at 25. I’ve been making that sort of money since I was 18. We are both investing together now and will have a…[Read more]

]]> 5a256b68a8fbdbebdd976cc8122ffce0 adamw replied to the topic Investment advice - re finance in the forum Finance https://www.propertyinvesting.com/topic/4384048-investment-advice-re-finance/#post-4539974 Sun, 29 Jan 2006 03:17:57 +0000 Thanks a lot.

Can you explain to me how it works? Do they just lodge another Mortgage dealing on the title certificate? Or do they physically have to do something else?

Hopefully the other land comes in at a little higher than $120 so we end up with an 80% LVR (we really shouldn’t be paying mortgage insurance). They can probably mortgage…[Read more]

]]> 268782ca40088b3129c7218bfc7c3a4a adamw replied to the topic Investment advice - re finance in the forum Finance https://www.propertyinvesting.com/topic/4384048-investment-advice-re-finance/#post-4539972 Sat, 28 Jan 2006 13:59:59 +0000 Forgot to mention, I have gone through the figures with my accountant and he agrees it is a good move, and that our affordability is a breeze. He was unsure about the 100% borrowing but suggested it is quite likely they’ll do it as long as they can grab another 20% or so security from another property.

]]> ffaa5a7d23b4cfd74237bdfbf05c9c83 adamw replied to the topic Unsure of whether to jump at this opportunity in the forum Help Needed! https://www.propertyinvesting.com/topic/4381660-unsure-of-whether-to-jump-at-this-opportunity/#post-4526100 Mon, 15 Aug 2005 09:30:04 +0000 A 10% return? Wow.

I haven’t seen any places yet where I could get that sort of return except at the very low end of the market where the quality of tenants is questionable.

I’ll keep searching…

Adam

]]> 1fd37952c7fa2f81c9c68fffa6f2e01b adamw replied to the topic Unsure of whether to jump at this opportunity in the forum Help Needed! https://www.propertyinvesting.com/topic/4381660-unsure-of-whether-to-jump-at-this-opportunity/#post-4526098 Sun, 14 Aug 2005 09:58:56 +0000 Hi Adam

The one on Nathan Ct is actually built by the same builder I have been talking about. Also the one we are renting on Gosse Cct is his too (we’re on the corner of Buckingham and Gosse – you can’t miss it).

The one on Nathan Ct has not actually been up for rent long. It’s the builders display home – he is renting it back from the buyer. It…[Read more]

]]> 2ae1c382d8182f802e3e9f61f18a63d8 adamw replied to the topic Unsure of whether to jump at this opportunity in the forum Help Needed! https://www.propertyinvesting.com/topic/4381660-unsure-of-whether-to-jump-at-this-opportunity/#post-4526094 Sat, 13 Aug 2005 08:54:24 +0000 Dazzling,

The Darwin market is interesting like that. Land is very cheap here, but building a house is extraordinarly expensive due to cyclone coding etc. Distance probably doesn’t help either.

To build a really basic, 3 bedroom box you’re looking at $200,000 + land. You can get 600m2 of land up here in a less-expensive new estate for about…[Read more]

]]> 8bb95f676c53e3a07da50ab82c08d3db adamw replied to the topic Unsure of whether to jump at this opportunity in the forum Help Needed! https://www.propertyinvesting.com/topic/4381660-unsure-of-whether-to-jump-at-this-opportunity/#post-4526092 Sat, 13 Aug 2005 07:54:04 +0000 Beanie: When you say ‘construction’ do you mean the gas pipeline etc? The investors who our builder has built houses for seems to rent mostly to DHA but also to companies like Bechtel. Thanks for the heads up on that – Gunn is certainly a rapidly expanding place. I’m living in Gosse Cct at the moment and just around the corner are some new streets…[Read more]

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