https://www.propertyinvesting.com/members/alf1/activity/ Activity feed for ALF1. Sun, 12 Apr 2026 08:49:24 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 94be9268b6c4f54d022b3642f2892689 https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/42/#post-4549247 Wed, 04 Jan 2012 12:29:35 +0000 Why don’t all you negative doom and gloomer’s take your negativity to armchairexperts@negativealways.com . There is never a perfect time to invest into property but, you must start sometime. Keep inventing excuses and remain reactive instead of proactive and you WILL be part of the devastated 90%+ who retire poor….

]]> f1ee08ed7b2bc0bc92929c5b61bd8b6d https://www.propertyinvesting.com/topic/4404161-how-many-times-can-i-use-the-equity/#post-4651375 Sun, 10 Jul 2011 07:56:58 +0000 Bullseye, as always Richard.

]]> 79caa702daec3bf6d57ab813069dc4e6 https://www.propertyinvesting.com/topic/4404033-is-there-a-banking-model-to-setup-an-account-my-ip-income-goes-into/#post-4650550 Fri, 24 Jun 2011 09:30:14 +0000 As promised NikNak, you are now starting to receive the excellent feedback from 2 of our 'senior' contributors and what both Terry and Jamie say should go a long way to helping answer your questions. Thanks again for your usual positive input guys !  

]]> c59dfd076e4b91d451e7df19de746085 https://www.propertyinvesting.com/topic/4404029-re-urgent-bad-strata-report-within-5-day-cooling-off-period-cracking-water-penetration-problems/#post-4650524 Fri, 24 Jun 2011 08:42:01 +0000 Thanks Scott – your wisdom and knowledge is always appreciated – even if you're opinionated.One of these days I'll have to get accreditation for NSW's – you simply can't know ALL the individual state laws. However, for the benefit of NikNak, I still believe 'tis better to cut one's losses now than reap a potentially bad harvest that make the cost…[Read more]

]]> cc01337a2ad9776cc643142cf3dcb577 https://www.propertyinvesting.com/topic/4404033-is-there-a-banking-model-to-setup-an-account-my-ip-income-goes-into/#post-4650546 Fri, 24 Jun 2011 08:18:31 +0000 Welcome to our forum NikNak……There are just so many variations and structures available to you from a variety of lenders and I could spend time running through a few examples for you however, this in itself can present problems, as you will be receiving suggestions that do not factor in all contingencies of your personal situation such as…[Read more]

]]> 8f80daf5dd1d853869d5a4eccfc0ef99 https://www.propertyinvesting.com/topic/4404029-re-urgent-bad-strata-report-within-5-day-cooling-off-period-cracking-water-penetration-problems/#post-4650522 Fri, 24 Jun 2011 08:08:19 +0000 Hello NSW2011.How, from a legal standpoint, can you possibly lose your deposit should you decide to cool off during your legislated cooling off period? Answer: you can't. Your deposit is deemed 'consideration' under contract law and is used to enforce a contract between a seller and buyer AFTER the expiration of cooling off. You do not need any…[Read more]

]]> 19dd6ef256ce70eedbac1192a249e9a9 https://www.propertyinvesting.com/topic/4403992-next-boom-suburb-in-adelaide-area/#post-4650179 Sun, 19 Jun 2011 09:00:15 +0000 Well said JT7 – you must be a local down south like myself. Yes, Seaford is going to be HUGE and I forgot about the rail extension so infrastructure down south is amazing and getting better!

]]> e5709a854b603f97311c64bc7e9d58d6 https://www.propertyinvesting.com/topic/4403971-can-an-owners-corporation-purchase-property-outside-of-its-subdivision/#post-4650070 Sun, 19 Jun 2011 08:57:31 +0000 Absolutely Scott, Absolutely!Even more enjoyable when you can be a thorn in one of the greedy ones!!!  LOL

]]> 17025806e208c66950c3f005549c038a https://www.propertyinvesting.com/topic/4403971-can-an-owners-corporation-purchase-property-outside-of-its-subdivision/#post-4650068 Sun, 19 Jun 2011 05:37:46 +0000 Hi Zenetti.There are ways to prevent this developer from bending you over a desk and giving it to you. PLEASE don't be intimidated by his size or prior success in squashing the 'little guy'. At the very least, there are ways to turn him into a voodoo doll and just keep sticking pins in him. I sincerely wish you well!

]]> 84b56331e9c828db97e64643d6ecec9f https://www.propertyinvesting.com/topic/4403919-help-please-i-dont-know-what-to-do-about-my-investment-property-2/#post-4649664 Sun, 19 Jun 2011 05:31:51 +0000 Hi Debbie.You need to discuss most of the above posts with:1. Accountant re: Tax Variation 221d Form2. Mortgage Broker to explore your options on the existing loan.3. Real Estate Agent/Property Manager about regular 6 monthly rental increases in line with CPI.4. Buy and read Jan Somers' book 'Wealth from Residential Property', it will amaze you…[Read more]

]]> 31da665eb8ed37e9228c22fae59bc7c6 https://www.propertyinvesting.com/topic/4403992-next-boom-suburb-in-adelaide-area/#post-4650176 Sun, 19 Jun 2011 05:23:28 +0000 Hi BytheBay.I live in Adelaide and yes the are areas in Adelaide that we believe will receive phenomenal growth are places such as Christies Beach, Port Noarlunga South, Aldinga, Moana, etc in the south and Two Wells, Virginia, Gawler, etc in the north. Opening of Northern Expressway; widening of Southern Expressway; and the $817million ex…[Read more]

]]> 64b02fc4c7dfd9569fa5799c0deb3e39 https://www.propertyinvesting.com/topic/4403984-financing-for-properties-bought-through-an-llc/#post-4650133 Sun, 19 Jun 2011 01:41:21 +0000 Welcome to our forum AR.Feel free to send me a personal email below and i would be happy to answer your question privately.Kind regards,

]]> dd9de403001bd394031239bb321a4edb https://www.propertyinvesting.com/topic/4403990-trusts-and-child-support/#post-4650165 Sun, 19 Jun 2011 01:34:49 +0000 You have now entered the Family Law Twilight Zone and it does not matter how 'smart' you think you can set up discretionary and family unit trusts, SMSF's, or otherwise, you cannot avoid your obligations under Family Law. Unfortunately, it's as black & white as that. Remember the Law can be a TURTLE and an ASS – it's SLOW and it's STUPID at t…

]]> 556c550c049067c8f5c759f03c96d62e https://www.propertyinvesting.com/topic/4403973-any-property-mentors-in-new-zealand/#post-4650083 Fri, 17 Jun 2011 14:52:31 +0000 Hi Rin.May I suggest you look at the link below for a start to a NZ property investor mentor.http://www.davidwhitburn.com/

]]> 11e78167eee9c40609ce02e0d1bbe4d1 https://www.propertyinvesting.com/topic/4403976-positive-feedback-for-my-mortgage-broker/#post-4650087 Fri, 17 Jun 2011 14:27:16 +0000 Great story Emma and Broker's like Richard and myself love to hear the Broking industry is constantly improving and clients' needs are being truly met. You see folks, Mortgage Brokers are here to help YOU to get what is best for YOU. Their qualifications don't come easily or cheaply and they have a fiduciary duty of care to always act in your b…[Read more]

]]> 7e49e437c630012f013858d7221b44c6 https://www.propertyinvesting.com/topic/4403971-can-an-owners-corporation-purchase-property-outside-of-its-subdivision/#post-4650066 Fri, 17 Jun 2011 13:40:07 +0000 Hi again Zenetti.Seems you're still having problems with this damn developer trying to secure the air/space above you to secure uninterrupted views for his off the plan development. There are a number of options open to you and if the matter is urgent why not seek an court ordered injunction effectively freezing the developers ability to continue…[Read more]

]]> c0efba3afd9b2103fe2666477f6ce37e https://www.propertyinvesting.com/topic/4403975-my-first-property-2/#post-4650085 Fri, 17 Jun 2011 13:22:52 +0000 Welcome to our forum costadam.Here's a little something I put together for beginners and I hope it is of some help to you.BASICS FOR THE BEGINNER PROPERTY INVESTORTake a look at a map of the region you are considering, identify the local CBD and draw a circle 15 kms around the central point. Start looking for your property within the…[Read more]

]]> bf464312073cf9367913f24feb0ac472 https://www.propertyinvesting.com/topic/4403855-soil-testing-and-surveyor-plot-tax-claim/#post-4649304 Sun, 05 Jun 2011 15:43:11 +0000 Is the property a PPOR or an existing IP?How far along are you with the sub-division? Have you Council approval and plans in place?If existing PPOR, have you re-structured existing mortgage (if you have one) to be acceptable to the ATO that it is to become an IP for tax minimisation purposes?When did you want to claim these costs as deductions?…[Read more]

]]> 7aaab73e5b249bc1f0fcedadbed8047d https://www.propertyinvesting.com/topic/4403850-paying-negative-gearing-with-income-tax-as-you-go/#post-4649268 Sun, 05 Jun 2011 15:33:27 +0000 Welcome willo352.Yes, the ATO allows ordinary Aussie's to reduce or vary their tax in the weekly paypacket on a leveraged investment property. It's called a tax variation form 221d. Have a look at the link below and this may help you to understand further. Word of warning though: the ATO is anal about a 221d's figures being projected reasonably…[Read more]

]]> 16567052aaac632ad4b6541e1e20ba8b https://www.propertyinvesting.com/topic/4403849-buying-at-auction-2/#post-4649262 Sun, 05 Jun 2011 15:25:45 +0000 Welcome bullsta. Ashame it couldn't be under better circumstances.The Purchaser bought under 'Auction Conditions' which means he signed an 'unconditional contract'. Basic contract law 1.01 states that for an (unconditional) contract to become binding 'consideration' must take place. Consideration is money changing hands between seller and…[Read more]

]]> b3708f7765bd6b981c99899b076ee18a https://www.propertyinvesting.com/topic/4403856-helping-our-children-invest/#post-4649308 Sun, 05 Jun 2011 14:53:41 +0000 Hi Carolyn.May I suggest you contact one of our senior contributors to this forum which is Jamie at Pass Go Home Loans – he lives and works in Canberra and I can personally recommend him to look after you and your aspirations to help your son . I hope the moderator will allow this link to stay so you can contact Jamie. If not his username on this…[Read more]

]]> c1cb13d313dceba5e28ae62e4601d6fb https://www.propertyinvesting.com/topic/4403853-permanent-residence-of-australia-with-asian-passport/#post-4649298 Sun, 05 Jun 2011 11:01:39 +0000 YES, you can invest in the USA and you can still invest in Australia as an overseas investor (with some restrictions). We specialise in helping international investors do both!

]]> 4feecfe6797b23beed7ec119fd331605 https://www.propertyinvesting.com/topic/4403846-for-beginners-listenlearnresearch/#post-4649236 Sun, 05 Jun 2011 10:58:04 +0000 PS Empty VThere are no simple answers to trusts. Whether a trust, and the type of trust, is suitable to you depends on you, where you are, and what you want to achieve. Lots of things like tax minimisation and spreading of assets to consider as well as your current portfolio, are you PAYG/self employed, married, have children,…[Read more]

]]> 2577c676449711b1fde12425049336e0 https://www.propertyinvesting.com/topic/4403846-for-beginners-listenlearnresearch/#post-4649235 Sun, 05 Jun 2011 10:47:48 +0000 Thanks EmptyVessel!I hope some of the following helps.Structure If you are serious to be a long-term investor get a structure in place to protect yourself and your assets.If you are going to use any statistics for housing growth ensure you use 10 year growth figures. 1-year figures are deceptive and do not indicate possible…[Read more]

]]> 09b2d315323b3f8f44e914b9084c64b8 https://www.propertyinvesting.com/topic/4403832-estimating-depreciation/#post-4649145 Sat, 04 Jun 2011 12:33:23 +0000 Only a Quantity Surveyor can complete a depreciation schedule that will be acceptable to the ATO. Companies like BMT provide calculators that will get you into the 'ballpark'. Further info on depreciation and its applications are as follows:Depreciation can be applied at different stages in a building's life cycle. These include: Marketing of…[Read more]

]]> a065f509ee9822300cf1ed1560894644 https://www.propertyinvesting.com/topic/4403847-gladstone-5/#post-4649239 Sat, 04 Jun 2011 11:03:49 +0000 Welcome to our forum dfish.If you still require a great property manager in Gladstone drop me a line – ours is awesome (not one of the big branded real estate agents) and manage's the properties for all our clients' properties as well as our Santos client properties.

]]> dfb4719a8a05c7504a788fc9c1fb73d6 https://www.propertyinvesting.com/topic/4403845-extra-payments/#post-4649230 Sat, 04 Jun 2011 10:45:29 +0000 Good advice from Jamie and I concur. Finish the reno and then assess your situation.

]]> 02fb7b9921a5bb3637dde05be0b065d6 https://www.propertyinvesting.com/topic/4403842-in-a-mess-help/#post-4649221 Sat, 04 Jun 2011 10:41:45 +0000 We seem to be in a right pickle! With the little information you have provided publicly in this forum it would appear there may be possible negligence and failure to disclose from more than one party/professional. You must have these matters addressed BEFORE settlement is effected (and you probably already knew this). If you hyave no luck having…[Read more]

]]> 9bac6b44a0f1d3c9f48ddb517b9501a6 https://www.propertyinvesting.com/topic/4400614-want-to-invest-in-property/#post-4628349 Sat, 04 Jun 2011 10:31:50 +0000 Welcome David.Richard and Jamie have 'nailed it'. By utilising Depreciation on your property in conjunction with Tax Variation (221d) your out-of-pocket costs could be reduced so much that you could end up with a neutrally or even positively geared property. Doing your 'due diligence' is a critical factor as well and you should avail yourself to…[Read more]

]]> acdef6e5dfddcac806c2f0b816f4188c https://www.propertyinvesting.com/topic/4403839-young-starter-am-i-on-the-right-track/#post-4649196 Sat, 04 Jun 2011 10:23:03 +0000 Have a read of Jan Somers book 'More Wealth from Residential Property'. At 21 with that level of savings you have the property investing world at your feet. Listen and learn from professionals and there are many good one's on this forum – Michael and Jamie above being just two of them. Knowledge will give you the courage to believe in yourself and…[Read more]

]]> 283a58a7ce5be2f90ab14047a7a7b408 https://www.propertyinvesting.com/topic/4403762-ppor-de-facto-relationships/#post-4648718 Sat, 28 May 2011 08:35:15 +0000 A Domestic Partnership and its legal paramenters are set out differently from state to state. For example, in South Australia it is the Domestic Partnership Agreement Act 1996. In some states a relationship is considered de facto sooner if you simply get a joint bank account or a utilities bill in joint names -i.e. Victoria. Due to the fact that…[Read more]

]]> 7a29bd2a8d921e1dcd5eb8c574baf907 https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/38/#post-4549173 Sat, 28 May 2011 08:23:40 +0000 In the fifties we said the price of property could never go up because we’d lost half the male population due to World War II and a recession, yet prices doubled. In the sixties they said property prices would never rise again because of affordability and wages couldn’t keep up, but prices doubled. In the seventies they said prices cou…[Read more]

]]> 0694f4e699956c5cd274f27c3bfbb6d4 https://www.propertyinvesting.com/topic/4403765-asbestos-2/#post-4648730 Sat, 28 May 2011 07:58:21 +0000 Asbestos only becomes dangerous when it has deteriorated or been damaged. A little sanding of the surface paint, provided the wall is fundamentally sound, shouldn't prove to be an issue.

]]> 7a5090a3c57a3ffc87409a3cf8032979 https://www.propertyinvesting.com/topic/4403564-should-i-buy-or-walk-away-old-termite-damage-in-roof/#post-4647294 Sat, 14 May 2011 01:53:20 +0000 PS You must have your FULL deposit returned as the contract for sale 'conditions' have not been met.

]]> 19a80300b02627de459ad461c4d9959c https://www.propertyinvesting.com/topic/4403564-should-i-buy-or-walk-away-old-termite-damage-in-roof/#post-4647293 Sat, 14 May 2011 01:52:23 +0000 Hi Bedford.Tell the Vendor to go and do something anatomically impossible – way too keen to offload his property onto you which is supporting the concerns you have projected in this forum. Anyway, the Vendor is not a qualified building inspector and your inspector has indicated a clear FAIL on the inspection. I believe in a simple credo: "If in…[Read more]

]]> 2cc300c6d51987244948d97e8db978e0 https://www.propertyinvesting.com/topic/4403605-ppr-vs-ip-remortgage-question/#post-4647520 Wed, 11 May 2011 15:27:22 +0000 Hi PPR, and welcome to our Forum.You can swap and you can reverse your current PPR with your IP. But, with regards to the tax implications however, if you are using a 221d variation then that shouldn't change if your leverage remains the same but your claimable depreciation allowances will change if your current PPR is older than your current…[Read more]

]]> ab5ee98015339f520ab4971f9bdc1f86 https://www.propertyinvesting.com/topic/4403574-house-and-land-packages-gladstone/#post-4647344 Wed, 11 May 2011 15:16:40 +0000 I believe Gladstone is going to be an incredible performer with Santos and the billions of resources money going into Liquid Natural Gas (LNG) and coal but never forget the basics provided to you below.BASICS FOR THE BEGINNER PROPERTY INVESTOR Take a look at a map of the region you are considering, identify the local CBD and draw a circle 15 kms…[Read more]

]]> dce58621c3ab2cd25f22daabec9bc8ab https://www.propertyinvesting.com/topic/4403599-federal-budget-2011-and-family-trust/#post-4647479 Wed, 11 May 2011 15:08:27 +0000 Hi TTony.Big deal! It was always a small loophole in the trust legislation and the wealthy were the ones who usually took advantage of it. If you're in a position to even have a Family Unit Trust and pay your kids $3333 you're usually doing ok. Most ordinary Aussies have no idea about how to improve their own financial position let alone the…[Read more]

]]> 6742b19c80b3e3a0275cfd5e6d1ca300 https://www.propertyinvesting.com/topic/4403597-sale-of-airspaceair-rights/#post-4647467 Wed, 11 May 2011 07:43:00 +0000 Hi Zenetti.Hmmmmn…….very shrewd of the developer looking to buy the rights to the space above your place. There would be no shortage of solicitors on the Gold and Sunshine Coast who could probably help you with this. You see, if a developer can sell high rise apartments and guarantee their views can never be impeded, the developer can ask alot…[Read more]

]]> 3c10724c2a6260e2a8fa249015474dcf https://www.propertyinvesting.com/topic/4403594-should-i-use-an-option-or-try-and-extend-the-settlement/#post-4647449 Wed, 11 May 2011 07:34:53 +0000 Hi Bell.Good advice from Paul with regards to the option and he's the person to speak to for more info.

]]> 10241c1d58928f7d8acd1828dbaed490 https://www.propertyinvesting.com/topic/4403565-to-hold-or-sell-2/#post-4647303 Sat, 07 May 2011 04:37:50 +0000 Hi again Petria.For any professional to properly and with fiduciary duty of care to their client, one would need a basic Assets & Liabilities in combination with what your goals and concerns are. Ypu need to appraise the tax implications in line with your existing loan structures, your ages, self employed or PAYG, and so on……

]]> f899898d578f69d59e4db4fc750c2fed https://www.propertyinvesting.com/topic/4403564-should-i-buy-or-walk-away-old-termite-damage-in-roof/#post-4647290 Sat, 07 May 2011 04:17:33 +0000 Hi again Bedford.There are pest inspectors who use thermal imagery to see if there are any active termites in a structure which is completely non-invasive. I used one a few years back on a heritage listed IP where the inspector was not allowed to cut inspection holes to complete a visual check for termites. Yes, there had been signs of termite…[Read more]

]]> 3e398663c447b152580e8ae1ceb9f9e7 https://www.propertyinvesting.com/topic/4403564-should-i-buy-or-walk-away-old-termite-damage-in-roof/#post-4647284 Fri, 06 May 2011 08:25:18 +0000 PS: Think about it – significant termite damage seen superficially in the frame of house that is only 12 years old?

]]> ccea8fe950ef39043346a74797776398 https://www.propertyinvesting.com/topic/4403564-should-i-buy-or-walk-away-old-termite-damage-in-roof/#post-4647283 Fri, 06 May 2011 08:23:23 +0000 Hi Bedford and welcome to our little forum!The answer you seek is a simple one. You made your contract 'subject to satisfactory building and pest inspection'. Your inspector(s) have found fault that would need repairing by the vendor prior to you fulfilling your obligation to buy the property. If you are unsure about the actual underlying…[Read more]

]]> f709020c204ec6345344cb680666ca36 https://www.propertyinvesting.com/topic/4403565-to-hold-or-sell-2/#post-4647301 Fri, 06 May 2011 08:15:21 +0000 Hi Petria.Too little information. You would really need to speak with someone who you can share much more information than you would probably need to expose in this forum to be able to help you proceed with solid wealth solutions for your current situation and future goals. If you can't seem to get that help, please feel free to drop me an email…[Read more]

]]> 57d06d1047acef76d26341ae855746af https://www.propertyinvesting.com/topic/4403557-notice-of-termination-of-contract-by-vendor/#post-4647236 Thu, 05 May 2011 12:13:39 +0000 Gotta love the way your mind thinks from the "Darkside" sometimes Scott – thank goodness for Terry's opinion just to put a little balance back in from the  "Force".

]]> 799e729813582c1a62419eb4c1d4fcfb https://www.propertyinvesting.com/topic/4403557-notice-of-termination-of-contract-by-vendor/#post-4647233 Thu, 05 May 2011 12:04:22 +0000 PS James.Any hassles, feel free to drop me an email below.And thanks. It's always great to know just a small amount of perspoective has put you more at ease.All the best with the lawyer

]]> 1ba27850f3b46a9de755772bf0d443c9 https://www.propertyinvesting.com/topic/4403560-property-advice-financial-planner-broker-or-accountant/#post-4647269 Thu, 05 May 2011 12:01:30 +0000 Hi again James.With the internet and digital phones the days of requiring a broker in your own neighborhood are fast disappearing.  Speak to a few brokers and checkout websites and try your best to make sure you find one that understands the mindset of a property investor and structures your loan(s) accordingly. As Jamie so rightly said, the best…[Read more]

]]> 4f9e38ba22ecd52fecf105edc965155a https://www.propertyinvesting.com/topic/4403560-property-advice-financial-planner-broker-or-accountant/#post-4647267 Thu, 05 May 2011 11:53:37 +0000 Hi Jamie.Gee, fast on the keys tonight!

]]> 7c72dd31b2a7f6d1a0487742b640b4e4 https://www.propertyinvesting.com/topic/4403560-property-advice-financial-planner-broker-or-accountant/#post-4647266 Thu, 05 May 2011 11:52:42 +0000 Hi James.There are a number of really good financial specialists you can call upon in this forum. Yes, we are one, but there is also Jamie (JamieM) in ACT at http://www.passgo.com.au/  and Richard Taylor (QLD007) at http://www.tayloredhomeloans.com.au.

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