PropertyInvesting.com | ajwans | Activity https://www.propertyinvesting.com/members/ajwans/activity/ Activity feed for ajwans. Sun, 12 Apr 2026 02:41:34 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 a77e2b29de99bfe8cd44c74131ec95f4 ajwans replied to the topic Phone bills aaghh in the forum Opinionated! https://www.propertyinvesting.com/topic/4370968-phone-bills-aaghh/#post-4452547 Thu, 05 Feb 2004 13:25:10 +0000 At the moment you can get a 3 phone and pay $99/month
for upto $500 calls. If only their phones weren’t such
bricks.

andy

]]> 0aecbdb441f222d2582e1f3b9fd7ee8d ajwans replied to the topic Collateral in the forum General Property https://www.propertyinvesting.com/topic/4371053-collateral/#post-4453174 Thu, 05 Feb 2004 13:19:22 +0000 You can still find some cheap properties in East/South
Geelong. They’re close to the city but some of that
area is industrial hence it’s cheaper than West Geelong.

Try to find something close to South Geelong station,
it’s a commuter city these days and being close to the
station you will capitalise on this in future.

andy

]]> 00eb6fc3ea852c48057456a2b6292c5b ajwans replied to the topic Commercial deal ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4370972-commercial-deal/#post-4452565 Tue, 03 Feb 2004 11:03:06 +0000 Normally tenants would pay the outgoings, check over the
lease to see what their responsibilities are.

Things that commercial tenants should be paying:

* insurance
* council rates
* water rates
* land tax if tenant is a public company

andy

]]> c5e900950acb657f6098b2e76bd18245 ajwans replied to the topic looking for some advice..... in the forum Help Needed! https://www.propertyinvesting.com/topic/4370771-looking-for-some-advice/#post-4450820 Sat, 31 Jan 2004 13:14:15 +0000 Does anyone have a link to the newsletter archives,
I don’t seem to be receiving the newsletter anymore
and I can’t find the archives on the pi.com www
site.

andy

]]> 8dd042e673f9564717b4fb6fe3aca7fa ajwans replied to the topic Sold my neg geared property - need advice in the forum Help Needed! https://www.propertyinvesting.com/topic/4370873-sold-my-neg-geared-property-need-advice/#post-4451706 Sat, 31 Jan 2004 06:32:09 +0000 Don’t forget, with your own house the rules regarding
landlords & tenants change somewhat in your favour.

I am not a laywer but last time I read the guidebook
I was surprised to see that you can charge more bond
and can kick out tenants much easier if you are letting
out your own home (as opposed to an investment property.)

andy

]]> 4040af472fa117be2e703240c6db51ce ajwans replied to the topic Property in the forum General Property https://www.propertyinvesting.com/topic/4370901-property-4/#post-4452019 Sat, 31 Jan 2004 06:28:37 +0000 Here’s a tip: generally, high yield dictates lower
capital growth. It’s all about personal strategy.
Many negatively geared properties are that way because
to some extent future CG is priced into the purchase.

Personally, I think that +CF is better when starting
but after a while $50 a week doesn’t affect your bottom
line much and that’s the…[Read more]

]]> aee830eaa72763b1139145bffda8c9b2 ajwans replied to the topic Back again in the forum Opinionated! https://www.propertyinvesting.com/topic/4370770-back-again/#post-4450799 Wed, 28 Jan 2004 10:02:53 +0000 Hi Bill, good to hear you’re back.

andy

]]> cd42e09f84de4f8721c9897e22de53cc ajwans replied to the topic 101 Plus Penny pinching R/E Tips in the forum General Property https://www.propertyinvesting.com/topic/4370784-101-plus-penny-pinching-re-tips/#post-4450908 Wed, 28 Jan 2004 09:52:56 +0000 Replace all the power points and light switches before
selling and many people will assume that you’ve had the
house rewired.

andy

]]> cde46eaaa65574570f84a38cb188b59e ajwans replied to the topic Q 4 sis in the forum General Property https://www.propertyinvesting.com/topic/4370809-q-4-sis/#post-4451050 Wed, 28 Jan 2004 09:46:33 +0000 Sorry SIS, your HECS debt will be adjusted each year
to account for any rise/fall in the CPI.

andy

]]> c9799f645c1bc12ac2d79f800545c534 ajwans replied to the topic Geelong in the forum General Property https://www.propertyinvesting.com/topic/4370754-geelong/#post-4450629 Mon, 26 Jan 2004 04:25:49 +0000 I was able to relet my property in one of the better areas of Geelong
in about 4 weeks in the middle of last year without increasing the rent
but my SIL sold hers in the next street and it sat vacant for almost 6
months.

When it was eventually let the gross return was 3.5%, not exactly earth
shattering stuff. Geelong has pretty much had its run…[Read more]

]]> a1d8cdcd9c6a3fcd9604acb712c29748 ajwans replied to the topic Relationship of Rental Yeild to Property Prices in the forum General Property https://www.propertyinvesting.com/topic/4370533-relationship-of-rental-yeild-to-property-prices/#post-4448717 Thu, 15 Jan 2004 13:41:17 +0000 Actually the opposite is true, when property prices
are high the yields are low, when property is out
of favour less investors are entering the market,
hence less properties available for rent and by
the magic of supply and demand rents rise.

andy

]]> 3f36141193f9b1c6d95c4da800684074 ajwans replied to the topic Good Reading in the forum Heads Up! https://www.propertyinvesting.com/topic/4370534-good-reading/#post-4448720 Thu, 15 Jan 2004 13:38:54 +0000 Jim McKnight’s Ordinary Millionaires is a good read,
as is Jan Somers’ Building Wealth – Story by Story.

Both tell the stories of ordinary Australians making
a go of property.

andy

]]> 634f3df607301fd8449de5f246e1e510 ajwans replied to the topic Steve, this is my big disadvantage in the forum No Subject https://www.propertyinvesting.com/topic/4370252-steve-this-is-my-big-disadvantage/#post-4446263 Sat, 03 Jan 2004 07:52:28 +0000 Hmm, focusing on why you can’t do something is
a sure way to prevent yourself from doing it.

Your problems seem to be quite managable compared
to someone who couldn’t use the telephone or the
internet, for instance.

andy

]]> e39f3b932f0f2ddc15c3d48fa2de08b8 ajwans replied to the topic Is this really necessary in a real estate book? in the forum No Subject https://www.propertyinvesting.com/topic/4370176-is-this-really-necessary-in-a-real-estate-book/#post-4445885 Mon, 29 Dec 2003 08:27:28 +0000 The author was trying to convey what type of
person that he was writing about. The book
is about “ordinary” people, all of different
persuasions, making a living from property
investment.

I thought the book was great, if only I could
find my copy….

andy

]]> 8fd00ab4e6eaadefc89d24a5e74fe6a6 ajwans replied to the topic mortgage insurance Can you get a refund? in the forum Hotch Potch https://www.propertyinvesting.com/topic/4368601-mortgage-insurance-can-you-get-a-refund/#post-4432943 Thu, 09 Oct 2003 00:35:10 +0000 Yes you can get a refund of LMI when you refinance.
I did this earlier this year and got 30% back. I
probably should have received more but I was happy
to get anything.

You do have to ask for it though, and you may have
to mention the BIO in order to get what you want.

andy

]]> 5d5f551d43be8fe000d6e745c7d6ae28 ajwans replied to the topic Beware of sharks... in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4368339-beware-of-sharks/#post-4431094 Tue, 30 Sep 2003 13:01:48 +0000 Also lookout for negative nancies…

andy

]]> 542048ffb41c594bb269f0dcb3c6a983 ajwans replied to the topic Property renovation melbourne in the forum Opinionated! https://www.propertyinvesting.com/topic/4368335-property-renovation-melbourne/#post-4431075 Tue, 30 Sep 2003 13:00:13 +0000 Gray’s in Springvale have bi-weekly auctions
of all sorts of good appliances, bathrooms,
tiles & miscellaneous building supplies.

http://www.graysonline.com.au

Fowles Auctions have regular timber & carpet
auctions.

http://www.fowlescarpet.com.au
http://www.fowlestimber.com.au

andy

]]> 19da437896737f1b86f19b52f739068f ajwans replied to the topic Extraordinary delusions and the madness of crowds. in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4368284-extraordinary-delusions-and-the-madness-of-crowds/#post-4430682 Mon, 29 Sep 2003 01:26:19 +0000 Tell it brother!!!

I’m with you on this Bill, putting my dough into shares and getting in a position to mop up the blood from the streets.

andy

]]> d2286c4e8c342f39ffa3d682f3652767 ajwans replied to the topic My retirement property - how should pay it off in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367951-my-retirement-property-how-should-pay-it-off/#post-4428840 Thu, 18 Sep 2003 02:07:42 +0000 Perhaps you could buy your new property in a
unit trust and have your super fund buy units
in the trust annually. This money would then
be applied by the trust to the outstanding
mortgage.

It sounds like you need a creative accountant.

andy

]]> fca28599af4d7c16f50a8150feba967e ajwans replied to the topic when to insure in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367920-when-to-insure/#post-4428685 Wed, 17 Sep 2003 01:51:28 +0000 Yes, get it straight away, you don’t know what
insurance the vendors have and if something
happens they probably couldn’t force you to
settle as the property would have to be made
good but if you’re buying it then you obviously
want the property.

andy

]]> b080faf925430e5dd35df94e1ad9040d ajwans replied to the topic Henry Kaye Vs Steve McKnight - Fact or Fiction? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367882-henry-kaye-vs-steve-mcknight-fact-or-fiction/#post-4428477 Tue, 16 Sep 2003 01:40:37 +0000 HK copying Steve McKnight, please….They’re
both copying Robert Allen in creating their
respective challenges and RA probably copied
the idea from someone else.

There’s not too many new ideas under the sun.

Lets be careful not to turn this forum into the
“Temple of Steve”, he’s a switched on bloke for
sure but nobody has all the answers.

andy

]]> 1927b0dd3ef1ab164150380847695626 ajwans replied to the topic Renovating during settlement in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367844-renovating-during-settlement/#post-4428236 Sun, 14 Sep 2003 21:44:45 +0000 You’ll need to get permission from the vendor
to access the property before settlement, it’s
not a given that they’ll grant this, personally
I wouldn’t let the purchaser onto the property
unsupervised before settlement.

andy

]]> a98ee4ba6cfeb283353a300925dd6672 ajwans replied to the topic How to increase the property value within 4 months in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367725-how-to-increase-the-property-value-within-4-months/#post-4427636 Thu, 11 Sep 2003 05:02:59 +0000 I’m fscked if I can remember where but
there was a post going around about a
year ago (not on PI.com) which was titled
something like “top 10 things to increase
the value of your IP.”

On the list were things like:
– replace powerpoint covers and switches,
these cost a few bucks each and make it
look like the house has been rewired
– replace…[Read more]

]]> e5f891f1637271c5302ea4d23677f98d ajwans replied to the topic TerryW what are costs for non-use ABN's ? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367682-terryw-what-are-costs-for-non-use-abns/#post-4427448 Wed, 10 Sep 2003 23:57:34 +0000 It’s really easy to lodge a null BAS statement
with the ATO, you can do it over the phone.

andy

]]> 2cb3a637807cbb8b6f2a57cedf1026b8 ajwans replied to the topic Melbourne Suburbs for PPoR in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367430-melbourne-suburbs-for-ppor/#post-4425902 Fri, 05 Sep 2003 05:41:35 +0000 ssh Kirby, don’t tell everyone about MP…

We don’t want all these forumits stomping
all over our suburb every weekend…

[:)]

andy

]]> 24cd6ebe0b9e638032f9fa0eb198af7a ajwans replied to the topic Future Property Bust in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367486-future-property-bust/#post-4426286 Wed, 03 Sep 2003 23:20:13 +0000 Olorin, during those sideways years less investors
enter the markets and as rates rise some are
forced to sell, these contribute to rising rents.

The yield improves to a point where property looks
attractive again and we have another boom.

So a bust is (somewhat) good news to those who are
in the market because it signifies that there will
be…[Read more]

]]> 7bcf4f97e4ae23308119437d2278e678 ajwans replied to the topic What's the catch in the forum No Subject https://www.propertyinvesting.com/topic/4367424-whats-the-catch/#post-4425756 Tue, 02 Sep 2003 03:24:28 +0000 The catch is that it may be hard (read very hard)
to arrange finance for this sort of investment.

Banks have a problem with small spaces and also
you’ll be borrowing on commercial terms.

andy

]]> cf4dc7ef97032a5cba9a293450491ed5 ajwans replied to the topic How to Get Loan in SYD with bad Credit card DEBT?? in the forum No Subject https://www.propertyinvesting.com/topic/4367413-how-to-get-loan-in-syd-with-bad-credit-card-debt/#post-4425688 Tue, 02 Sep 2003 01:32:06 +0000 Sorry to be a negative nancy but some tough love
is called for here…Before your friends go into
any more debt (even good debt) they need to
reevaluate their attitudes towards money and saving.

I realise that they are paying rent but yields
in Sydney are so low that they will have to fork
out significantly more to get into their own home.

I…[Read more]

]]> 83cc1e8b1b2371f88033a495343d29c9 ajwans replied to the topic Advise for commercial property buying. in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367370-advise-for-commercial-property-buying/#post-4425477 Sun, 31 Aug 2003 07:26:13 +0000 Get copies of the leases and your questions
will be answered, even the month-to-month
tenants must have had a lease at some point.

Generally with commercial the outgoings have
been paid by the tenants but that not a rule,
it depends on the lease.

Victorian law recently changed so that you
can’t pass land tax bills on to retailers unless
they are…[Read more]

]]> 7eaff17528f9fe1a03e1beed5f1d3906 ajwans replied to the topic Mortgage Insurance refundable? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367339-mortgage-insurance-refundable/#post-4425338 Sun, 31 Aug 2003 07:10:45 +0000 I refinanced with Member’s Equity (I highly
recommend them BTW) within 9 months, they
refunded 30% of the LMI that I’d paid.

It was better than nothing I suppose.

In Victoria Mortgage stamp duty is only payable
on the difference between the old loan and the
new amount, unless the borrowers are different.

In my case my partner was added to the…[Read more]

]]> 2f0cfbee65a0f6c391988c13503e7be4 ajwans replied to the topic Buying Ip using your Super in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367282-buying-ip-using-your-super/#post-4424960 Thu, 28 Aug 2003 01:31:03 +0000 Maybe your super fund could invest in a
unit trust which borrows to buy the
property using the super fund’s money as
the deposit.

Talk to your accountant, there must be a
way.

andy

]]> 65146d0c4cc961adea31f35bd5e7fbdd ajwans replied to the topic starting on a pension in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367261-starting-on-a-pension/#post-4424810 Wed, 27 Aug 2003 04:06:50 +0000 Like all things in life, if it’s worth having
you have to work for it. That doesn’t
necessarily mean get a job.

It means that everyone here is sacrificing
something, time, new cars, eating out, etc,
in order to get what they really want out of
life.

andy

]]> feeeae8b0121cfb47a686a93f2db3916 ajwans replied to the topic Reminder... this is a moderated forum in the forum No Subject https://www.propertyinvesting.com/topic/4367213-reminder-this-is-a-moderated-forum/#post-4424288 Tue, 26 Aug 2003 21:41:34 +0000 The trick to dealing with trolls on a
forum like this is for the administrator
to have a setting which makes the pest’s
posts viewable by the pest only.

That way they don’t just register again
and come back because they never know
that they have been banned.

To them it looks like they’re being ignored.

andy

]]> de2498ca627fee490a7e31ba26ff0d2c ajwans replied to the topic How do you manage 130 properties ? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367195-how-do-you-manage-130-properties/#post-4424132 Mon, 25 Aug 2003 08:37:05 +0000 When you have 130 properties to manage it
is probably cheaper to pay someone full
time to take care of them.

Think about it, 130 * 100pw = 13,000.

$13K at 7% is 910 pw which you could pay
a manager to give your properties
undivided attention.

Additionally, find someone who is also
handy and you’ve got your maintenance in
the package.

Also, the…[Read more]

]]> c0be5d55d1512c72725243b9f3f3f20a ajwans replied to the topic removal of illegally dumped car in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367180-removal-of-illegally-dumped-car/#post-4424027 Mon, 25 Aug 2003 03:25:59 +0000 I would call a “Cash paid for cars” ad from
the local paper. Why should ratepayers pick
up the tab? Or the body corporate for that
matter?

It’s obviously abandoned so recycle it I say.

andy

]]> 85649c393b197b77d82d2d5661196c01 ajwans replied to the topic Where to start?? in the forum No Subject https://www.propertyinvesting.com/topic/4367194-where-to-start-7/#post-4424122 Mon, 25 Aug 2003 02:50:18 +0000 Start by saving a deposit, even a car space
will set you back $30-45K (from what I’ve
read.)

A car space will be a pure cashflow play I
would think, so you just have to do the
numbers.

Gross yield – management – taxes – interest
has to be enough to give you a positive
cash flow worth your time. Otherwise find
somewhere else to invest.

andy

]]> 43969f85698737b91c768b3b1e715f86 ajwans replied to the topic Deposit Question in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367185-deposit-question/#post-4424049 Mon, 25 Aug 2003 00:29:48 +0000 You may do better in shares in the short term.
I think that the forum is mostly in agreement
that the boom is near the peak.

Watch the flood of money hit the sharemarket
once broader sentiment has changed.

I’m putting excess cashflow into the sharemarket.

andy

]]> c2a72b7593c866fe6752895749b80849 ajwans replied to the topic BOOM to continue in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367159-boom-to-continue/#post-4423884 Sun, 24 Aug 2003 22:39:43 +0000 I disagree, a bust sooner would be better.
Cheaper property prices and higher rents.

I guess I’m biased as my rates are fixed
so a rise in interest rates won’t affect
me for quite a while.

andy

]]> dd1d24e9f0abd1804321309325941a13 ajwans replied to the topic Using Equity from investment property for a home in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367146-using-equity-from-investment-property-for-a-home/#post-4423823 Sat, 23 Aug 2003 01:23:13 +0000 Alternatively, buy you new home within a trust.
The interest will be tax deductable although
you’ll have to pay market rent to your trust
for the deductability to stand up.

Also you’ll lose CGT exempt status but if you
plan never to sell, or to move and turn the
new property into an IP in the future then
this disadvantage is reduced.

andy

]]> f1908ae68413a45192b4cef2e2d6f343 ajwans replied to the topic How to start with $800K + 3IP's ? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367130-how-to-start-with-800k-3ips/#post-4423733 Sat, 23 Aug 2003 01:18:05 +0000 What a screwed up world we live in where you
have to offer people incentives to respect
another’s property.

I think that I’ll try to steer well clear of
the welfare set.

andy

]]> a2325b6ec7f5535fcaa11b9ef5c3f665 ajwans replied to the topic A storm on the horizon in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367132-a-storm-on-the-horizon/#post-4423747 Fri, 22 Aug 2003 22:25:23 +0000 Whoa Muppet, 85 basis points is a big move.
Bet you’re glad you locked them in when you
did.

I locked mine in at 5.99 (AU) when I got them,
cost me $750 to do it but looks like I
picked the bottom, touch wood.

Can anyone confirm what I’ve heard that when
the rates rise the bank has to cut me a
cheque if we refinance to account for the
difference…[Read more]

]]> 5bf55c6ddbb3b00fa8a3005fa0e8e538 ajwans replied to the topic Assett Rich, Income Poor in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367152-assett-rich-income-poor/#post-4423841 Fri, 22 Aug 2003 13:22:47 +0000 First of all, find yourself s decent mortgage
broker, there are some hanging around the
forum.

They should be able to advise you which lenders
and products will suit your situation.

Don’t forget to ask them to rebate you some of
the commission. There’s plenty of brokers
around so if one won’t another will.

With your equity/income situation…[Read more]

]]> fee3242b5502160fea4b248b20deabbd ajwans replied to the topic WHAT TO DO in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367096-what-to-do-2/#post-4423489 Thu, 21 Aug 2003 23:23:08 +0000 Maximus, you have it messed up. The $1,050,000
is a LOC, that means that whether borrowing against
the LOC or the new property interest will still
be payable.

It doesn’t matter if Gus places a 100% deposit
funded by the LOC, a property yielding less than
the interest rate will be cashflow -ve.

It’s all borrowed money.

andy

]]> e5ef88ff10df11effbbe54559282add3 ajwans replied to the topic Disabled Pensioner needs good mentors in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366798-disabled-pensioner-needs-good-mentors/#post-4421596 Fri, 08 Aug 2003 12:19:20 +0000 Don’t listen to the people who say it can’t be
done, it’s up to you to make it work.

You can fix interest rates avoid the risk of a
rate rise.

You can get landlords insurance which will pay
if you’ve got bad tenants and they wreck the
joint or skip town without paying.

A property manager can organise tradies to repair
any damage.

People have…[Read more]

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