https://www.propertyinvesting.com/members/anandd/activity/ Activity feed for anandd. Sun, 12 Apr 2026 12:47:47 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 ec525a14b4390fe063b4dedde6ff9104 https://www.propertyinvesting.com/topic/4407031-max-lvr-for-a-half-built-home-in-melbourne-eastern-suburbs/#post-4673056 Thu, 05 Jul 2012 05:22:18 +0000 Hi Shahin,The vendor died and the surviving party (Estate representative) don't have plans available to get a fixed price quote. And the relationship between the vendor & the builder were not the best and I suppose he didn't get paid which resulted into this builder not interested in talking to anyone. we can't get a fixed price quote from a…[Read more]

]]> f317555e44a141f7983ad4ff68b0ac59 https://www.propertyinvesting.com/topic/4407031-max-lvr-for-a-half-built-home-in-melbourne-eastern-suburbs/#post-4673053 Thu, 05 Jul 2012 04:55:03 +0000 Some lenders after the valuation suggested not suitable security due to half renovated house and even refused to accept it as security. I suppose it will work only if someone accepts COS as the purchase price. Any easy ones these days?

]]> 683066dbcc1b5c1485ba4d29a9591de5 https://www.propertyinvesting.com/topic/4407031-max-lvr-for-a-half-built-home-in-melbourne-eastern-suburbs/#post-4673049 Thu, 05 Jul 2012 04:40:38 +0000 Hi Terry, Even if the land only valuation is supporting the purchase price?

]]> 63ac35cfa6288e953ae6a71ba67dd0bc https://www.propertyinvesting.com/topic/4407031-max-lvr-for-a-half-built-home-in-melbourne-eastern-suburbs/#post-4673047 Thu, 05 Jul 2012 04:31:18 +0000 If I were to get 80% – what would be the ideal way to do it? I would appreciate your suggestion on this one.Or would you prefer me calling you to discuss?

]]> 1325846544bf73de804846b6b35e47c2 https://www.propertyinvesting.com/topic/4406518-expressions-of-interest-on-subdivided-property-9-kms-from-melbourne-cbd/#post-4669222 Sun, 06 May 2012 10:34:39 +0000 You need to wait until you get the planning permit through as potential buyers need to know what you will be selling (and for how much). Perhaps contact a local real estate agent to see what they can do for you?

]]> 118748b20ca24e7ced203563c8b89cb1 https://www.propertyinvesting.com/topic/4406296-funiture-package-from-developer-yes-or-no-pros-cons/#post-4667339 Thu, 12 Apr 2012 09:49:11 +0000 I agree with the guys above that home lender won't consider this as part of the purchase so this $18K has to be funded through your own funds and I'm hoping the furnitures are worth >$18K.

]]> 69a8332a56dddcbc67e99f497ae6660d https://www.propertyinvesting.com/topic/4406300-advice-on-early-possession-and-mortgage-issues/#post-4667389 Thu, 12 Apr 2012 03:23:34 +0000 Depending upon your location – there are a number of good finance brokers (not me) on this forum who will be able to help you out with this. 30% loan seems no brainer to me. Hint: Why don't you buy the new property as investment and therefore show new rental income and 'move to your parents' for a 'short-term' until such time you can afford to…[Read more]

]]> 58be85dc5b1676bb573115ca8623f9b3 https://www.propertyinvesting.com/topic/4406293-diy-property-styling-made-us-20-25k/#post-4667292 Wed, 11 Apr 2012 21:00:36 +0000 Great tips. SOmething I'll keep in mind when I'll sell mine.

]]> 6fd0a32febb70003957b858bc43f2962 https://www.propertyinvesting.com/topic/4406262-asset-protection-question-smart-property-owners/#post-4667026 Mon, 09 Apr 2012 09:41:17 +0000 @ Richard,I have been a corporate banker in the past so my client base was somewhat different with lawyers & accountants (usually 1st tier firms) assisting us. But good to know all this. Now that I'm out of banking, I do a little bit of home lending for relatives/ friends of my business clients so never had to seek more then a simple home loan f…[Read more]

]]> 7259cc1b3212c77e8961100ca8dc5655 https://www.propertyinvesting.com/topic/4406262-asset-protection-question-smart-property-owners/#post-4667024 Sun, 08 Apr 2012 09:00:59 +0000 Richard, Just saw your othere question – I mainly do business transactions ( reasonable size) as an Introducer so operate with a level of ethics and been in this industry for not as long as you but nearly 15 years with few majors.I'll be very interested in knowing which major financiers are doing up to 95% LVR transactions in this market for such…[Read more]

]]> 780385e16d6c3e9d87cbd9d0e14478a1 https://www.propertyinvesting.com/topic/4406262-asset-protection-question-smart-property-owners/#post-4667023 Sun, 08 Apr 2012 08:54:07 +0000 Richard, Which major banks you would use for this type of transaction? And would you be seeking mortgage insurance directly from the two active providers in Australian market?

]]> d561ccb429a485d440cf95f502b25968 https://www.propertyinvesting.com/topic/4406250-im-being-foreclosed-what-a-mess/#post-4666920 Sat, 07 Apr 2012 23:39:40 +0000 I guess you got to let it go Mark.

]]> 85d2e00fcfb6256988c49e7461c748bf https://www.propertyinvesting.com/topic/4406245-single-currency-flagged-for-australia-and-nz/#post-4666821 Sat, 07 Apr 2012 23:31:17 +0000 Nigel,Euro zone had all plus points when they started Euro (even though now we can see only the negative points) and was seen as true rival to USD. Aus & NZ are very similar but still they are two different countries with two different level of Purchasing Power Parity and therefore I am a firm believer that it won't work.

]]> a1ff83548fdbf652e2e112ff90ac4b72 https://www.propertyinvesting.com/topic/4406262-asset-protection-question-smart-property-owners/#post-4667019 Sat, 07 Apr 2012 23:24:47 +0000 Hi Richard, This is because you won't be able to get LMI under Co/ trust name. Also a residential loan under Co/ trust name will be funded by small business bankers at most of the banks (unless you can find a smart personal banker who can process transaction under these entities).Under these structures banks wil be able to fund the loan (up to…[Read more]

]]> 0692e413724dbe15c355ac216e688a16 https://www.propertyinvesting.com/topic/4406262-asset-protection-question-smart-property-owners/#post-4667017 Sat, 07 Apr 2012 13:21:44 +0000 In my banking experience, I have seen over 50% people establishing trusts for wrong reasons or due to wrong advise. The legal structure is determined by the total Group/ Family income keeping in mind that you won't face any trouble getting the funding due to your legal structure. If you are an investor who goes for LMI all the time, a purchase un…[Read more]

]]> 9d401806a3bed8934ec965774d436708 https://www.propertyinvesting.com/topic/4406260-investing-in-ballarat/#post-4667004 Sat, 07 Apr 2012 13:15:03 +0000 My suggestion is to stick to the "areas you know well" unless you are doing first hand research in one of the new developing areas. I remember people running to Point Cook years back due to cheap land (and because their friends bought it there) and now if you go to realestate and check the rental properties there appears a list of over 250…[Read more]

]]> 3d399b6881a86b068c627c054e92cf13 https://www.propertyinvesting.com/topic/4406264-as-is-condition/#post-4667040 Sat, 07 Apr 2012 13:07:55 +0000 Do you want to get these inspections done and if yes and if the Bank (Vendor) don't want to accept the conditional offer (which is normal as they want unconditional sale), you have to risk your money without even putting the offer. So in short, it is your choice as this spending doesn't guarantee your offer being accepted. Like it or not mate, you…[Read more]

]]> ac63ef821416ec1a86e60d3186e87074 https://www.propertyinvesting.com/topic/4406245-single-currency-flagged-for-australia-and-nz/#post-4666819 Sat, 07 Apr 2012 13:02:17 +0000 you kidding? Do we need another Euro zone type drama in this part of the world?

]]> 78d38e0f464beb72bc0f0deb64db1ada https://www.propertyinvesting.com/topic/4406243-purchasing-easment-2/#post-4666807 Wed, 04 Apr 2012 09:09:59 +0000 Why don't and speak to the neighbours? You don't ask you don't get.

]]> 3267f072b98d7d16efcb1b1f0256736d https://www.propertyinvesting.com/topic/4406240-which-property-i-should-choose-as-ppor-when-selling/#post-4666801 Wed, 04 Apr 2012 06:54:21 +0000 Terryw: And I'm assuming the valuation won't come free in that case and I may also struggle to get a v'aluation in 2008'.

]]> f02d45b5c7e0379cfef99d2d37cd3347 https://www.propertyinvesting.com/topic/4406240-which-property-i-should-choose-as-ppor-when-selling/#post-4666799 Wed, 04 Apr 2012 06:35:32 +0000 Thanks Terryw. Now, what would be my best bet to get the valuation for the property One in February 2008 which is acceptable to ATO. An indicative valuation from a real estate agent???Cheers

]]> 05781fa58c7afaae97b23909cb4f7e78 https://www.propertyinvesting.com/topic/4406158-3-townhouses-on-a-650-sq-m-block-in-whitehorse-council/#post-4666024 Wed, 04 Apr 2012 01:28:39 +0000 Thanks for your help Christian.

]]> d15a7632ce6ada773304a781a0c31348 https://www.propertyinvesting.com/topic/4406186-sale-of-two-properties-feedback-required-please/#post-4666318 Tue, 03 Apr 2012 05:56:49 +0000 Guys, I have a reverse situation: Property One – Purchased in Dec 2006 and I lived their with my partner until Feb 2008;Property Two – Purchased in Jan 2008; and moved-in in Feb 2008 Now want to sell the Property One. What would be my best option? Use Property One as PPOR until its sold (as CG is higher there) and start using my current res…[Read more]

]]> 8b7c3b89073ecb261b8a4b3e156804a9 https://www.propertyinvesting.com/topic/4406235-information-on-fees-for-australian-units-body-corporate/#post-4666717 Tue, 03 Apr 2012 05:25:56 +0000 Very interesting read. I hope situation in Victoria is bit better then Qld.

]]> 50a8b9dc741fd765207b068ca260f7ef https://www.propertyinvesting.com/topic/4405903-investing-in-new-home-land-packages-vic/#post-4664053 Mon, 02 Apr 2012 20:46:22 +0000 The Govt grant may cover the stamp duty & other costs but if the location is not attractive there won't be much of capital growth and a small cash flow positive investment can become a break-even capital investment if you can't find tenants quickly as noted above by Jadamo76 (also see properties for rent in Point Cook – which was a hot area for…[Read more]

]]> 637d9a67ac5a6e0625def3d89c4b6d9d https://www.propertyinvesting.com/topic/4406229-property-management-agent-proposal-victoria-is-it-a-good-deal/#post-4666687 Mon, 02 Apr 2012 20:31:55 +0000 Sorry, didn't see the 'regional' bit. Bigger can be better depending up on how the relationship works. I have a relationship with this Agent who manages my few properties and atleast another 10 referred by me (of my friends/ clients).

]]> 4eebc7604d2e127582187f333988f1bd https://www.propertyinvesting.com/topic/4406219-putting-in-an-offer-tonight/#post-4666589 Mon, 02 Apr 2012 11:01:45 +0000 Subject to sale of my house – won't work unless you are offering a price which simply exceeds owners expectations.

]]> 17067e84307eaeeaa136877943511922 https://www.propertyinvesting.com/topic/4406229-property-management-agent-proposal-victoria-is-it-a-good-deal/#post-4666684 Mon, 02 Apr 2012 09:08:03 +0000 If your investment property is in Melbourne Metro area I may refer you to a major property agent (I know her personally) and they will look after you very well and I believe will be cheaper over all. Email me if interested.Cheers

]]> dadbca36b0cdf75bf9c2e7c726d834ef https://www.propertyinvesting.com/topic/4381491-what-type-of-vehicle-do-you-have/page/20/#post-4525032 Mon, 02 Apr 2012 03:57:31 +0000 2007 Holden Viva – a small car but does what I need.

]]> 8bc6490da5f89e974b8d7d23ef2e1ee6 https://www.propertyinvesting.com/topic/4406214-can-a-vendor-pull-out-of-house-sale-contract-after-exchange-of-signed-contracts/#post-4666553 Mon, 02 Apr 2012 03:05:15 +0000 I agree with Terry and real estate agents will raise their dispute with the vendor separately perhaps a civil court case in this case.

]]> ccc7c1e5bedd7e5d2d74df041287380e https://www.propertyinvesting.com/topic/4406226-positive-cashflow-properties-for-30000-cash/#post-4666662 Mon, 02 Apr 2012 01:07:11 +0000 I have seen such syndicates run by the accountants of some wealthy individuals which works well so long it is run by a trusted advisor. usually they have run such syndicates under a company name to avoid/ minimise individual liabilities. You can also borrow against the property if you can't find enough investors and the proposed LVR is low with…[Read more]

]]> 469b0321d9bab7b35f8c8807dc8e2541 https://www.propertyinvesting.com/topic/4406170-which-is-better-old-or-new/#post-4666122 Sun, 01 Apr 2012 20:24:21 +0000 Location, location, location !!!. And this is what matters most. The FHOG in Victoria may give you $20K extra for a new home plus land arrangement but you need to ensure the property has future (capital) growth potential. Some people prefer old houses with bigger land as it presents opportunity to re-develop in future but this depends upon your…[Read more]

]]> ed951823e90eacb82af1097fd3490dab https://www.propertyinvesting.com/topic/4406216-building-and-pest-inspection-recommendations-in-melbourne-and-whom-to-not-go-with/#post-4666563 Sun, 01 Apr 2012 11:32:30 +0000 Try Archicentre. http://www.archicentre.com.au.I have used them and found useful also they certainly have good PI cover. A friend of mine had termites problem within 12 months of their inspection and Archicentre covered for the 'fix' without any major drama.

]]> 9b523821bbbd5ffa441f49b05bf7e1ef https://www.propertyinvesting.com/topic/4406217-best-way-out-of-a-sticky-situation/#post-4666564 Sun, 01 Apr 2012 11:29:32 +0000 You need a firm planning and which can help avoiding/ reducing taxes whichever comes cheaper with minimal impact on your cash flow. There is alot to consider in your case so won't give you any suggestions without knowing all the details.Speak to your accountant/ financial planner as they should know your current income and many other personal…[Read more]

]]> 1820b239cb4acc60eb700559ae863c75 https://www.propertyinvesting.com/topic/4406176-carbon-tax-and-its-effect-on-property-investing/#post-4666154 Sun, 01 Apr 2012 10:16:54 +0000 Solomon10 – Couldn't agree more. I wish these politicians had a bit of brain and could think like a 'normal human being'. I'm anxiously waiting for likes of Palmer or Twiggy (who has a bit of cash) to challenge this case in the High Court so that we can get this delayed until this Govt goes. I'm not a supporter or Labour, Liberal or Greens and…[Read more]

]]> 193f24963a2d0361a91740ccd3f8e130 https://www.propertyinvesting.com/topic/4406219-putting-in-an-offer-tonight/#post-4666585 Sun, 01 Apr 2012 09:35:11 +0000 See the 'right' offer price is the value you believe in. In short term even though you end up paying a little bit extra to acquire the location and kind of house you wanted, you will recover this over payment if you are planning to hold it for longer. And I'm not saying this – I have done it myself. Sometimes you need to add a few grand just to…[Read more]

]]> aa351bbaf53e0f34fee22705b81cad01 https://www.propertyinvesting.com/topic/4406214-can-a-vendor-pull-out-of-house-sale-contract-after-exchange-of-signed-contracts/#post-4666550 Sun, 01 Apr 2012 09:23:37 +0000 plus the legal fee (Terry you forgot to mention)

]]> 8bba2e94a268bcac3f12fa262026bcf7 https://www.propertyinvesting.com/topic/4406214-can-a-vendor-pull-out-of-house-sale-contract-after-exchange-of-signed-contracts/#post-4666548 Sun, 01 Apr 2012 09:17:55 +0000 Oh dear… another classic 'dog-fight' between the real estate agents. I feel soprry for the vendor.Go & see a lawyer asap and I can see them lodging a caveat on your behalf.

]]> 4a1ba1f8813e992fbfd8f3743dc177b6 https://www.propertyinvesting.com/topic/4406210-will-any-of-the-big-4-restructure-existing-loan/#post-4666508 Sat, 31 Mar 2012 00:28:26 +0000 They will all ask you one question – why do you need to access these funds and if the new loan will help you generating income.As the guys said above – banks looks for primary exit being cash flow (your wages in this case) and then consider the secondary exit (your property). Don't forget, they are interested in making money and which is only…[Read more]

]]> 9ef1f560ebfe67b2ca3cc4d8850e8b66 https://www.propertyinvesting.com/topic/4406158-3-townhouses-on-a-650-sq-m-block-in-whitehorse-council/#post-4666022 Fri, 30 Mar 2012 22:20:50 +0000 Thanks Christian. Its sent now. I appreciate your help on this matter.

]]> affdadad40637ed7d240266d9f6f2f5a https://www.propertyinvesting.com/topic/4406158-3-townhouses-on-a-650-sq-m-block-in-whitehorse-council/#post-4666020 Fri, 30 Mar 2012 11:37:34 +0000 Thanks guys.Christianb – Can you please have a look to this proposal if I mail you the details of the site? It will be good to get an opinion from an expert.

]]> ddfefb5bf33c85c0d053e7c80949f122 https://www.propertyinvesting.com/topic/4406158-3-townhouses-on-a-650-sq-m-block-in-whitehorse-council/#post-4666014 Mon, 26 Mar 2012 19:29:23 +0000 Thanks xdrew and MauriceS.Ashley – You are correct that I have spoken to Breece who certainly sounds like a very experienced person. And thanks for a new referral. I'll try contacting Roshan as well.RegardsAnand

]]> 5882a116c827ad1a6aa4b7e13da487e8 https://www.propertyinvesting.com/topic/4406158-3-townhouses-on-a-650-sq-m-block-in-whitehorse-council/#post-4666010 Fri, 23 Mar 2012 09:09:29 +0000 Thanks DWolfe. I might call the council to find out their views.

]]> 239ca450ae9fbdbc9a127ce96306fd76 https://www.propertyinvesting.com/topic/4406158-3-townhouses-on-a-650-sq-m-block-in-whitehorse-council/#post-4666008 Fri, 23 Mar 2012 05:33:01 +0000 NHG, the land is residential zone1

]]> f502eb1206c0b4a17ce2c78d1fe9cf56 https://www.propertyinvesting.com/topic/4405759-trying-to-build-a-small-unit-in-my-backyard/#post-4662920 Tue, 21 Feb 2012 09:45:58 +0000 rbugno – <moderator: delete personal comment>. I would buy an effective accountant/ advissor with my money then spending on this kind of people. Again, this is my personal opinion. Having worked in the banking industry in the past, I can assure you that I haven't met any successful property investor/ developer who was working with the help of…[Read more]

]]> 18455faea295a20a8e1568d7db8992d5 https://www.propertyinvesting.com/topic/4405759-trying-to-build-a-small-unit-in-my-backyard/#post-4662917 Tue, 21 Feb 2012 00:30:03 +0000 Thanks Guys. I'm more or so looking to subdivide, not renting the new dwelling.I can do sums based on my learning in the subdivision process and several years experience in the finance industry. Infact I can also help people based on my learnings and experience.This is not about financial viability of the project but about how to get it through…[Read more]

]]> 7ebd1678321df8cd337bd688c0ea9e8d https://www.propertyinvesting.com/topic/4405759-trying-to-build-a-small-unit-in-my-backyard/#post-4662914 Mon, 20 Feb 2012 23:33:54 +0000 mattsta – I'll be using unused land (non income producing) and my real investment will be building & development cost. The end price of this new dwelling will be perhaps 3 times of my investment and therefore any profits will be used to reduce the current mortgage. And I'll continue living in my current house.NHG – I want to subdivide & sell so…[Read more]

]]> 06aa705de1ae4f8128de5c4280f5d6d5 https://www.propertyinvesting.com/topic/4405759-trying-to-build-a-small-unit-in-my-backyard/#post-4662911 Mon, 20 Feb 2012 08:18:23 +0000 Thanks Shannon_t.I must say this is a lengthy process and a lot to learn along the way.Sounds like you are a buildeing designer as well. Do you work around where I am?

]]> 15829859341b4bbd7913c718d5dd8f81 https://www.propertyinvesting.com/topic/4405754-help-after-cheap-builder/#post-4662884 Wed, 01 Feb 2012 11:32:15 +0000 Kaila,Please PM me and I'll send you details of one or two good/ cheap builders. Is it an investment ppty or a home for yourself?Cheers

]]> d85da40a609a99cd9880eb360513f792 https://www.propertyinvesting.com/topic/4405421-advice-on-looking-for-a-property-to-subdivide/page/2/#post-4660495 Tue, 31 Jan 2012 02:44:16 +0000 Thanks Ashley. Appreciate your explaination. I suppose I need to discuss this issue with the architect I'm thinking of employing for my project.

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