PropertyInvesting.com | Andrew999 | Activity https://www.propertyinvesting.com/members/andrew999/activity/ Activity feed for Andrew999. Wed, 15 Apr 2026 01:54:14 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 d4ea14061364f8544eb8f6868d00c9b6 Andrew999 replied to the topic Investment Dilemna in the forum Help Needed! https://www.propertyinvesting.com/topic/4385019-investment-dilemna/#post-4545132 Mon, 10 Apr 2006 15:42:24 +0000 Interesting post – following with interest.

I’m in a similar situation (2 x Perth IP’s -ve geared on one on interest only and +ve on another P&I) with their market value rocketing along on double digits year on year – i will have a strongly significantly cash flow +ve portfolio very soon (also in high growth areas which is nice). My strategy…[Read more]

]]> d2457027a6412688f1f94b4005eb6171 Andrew999 replied to the topic The dilemma - Keeping stable tenant vs. big rent i in the forum No Subject https://www.propertyinvesting.com/topic/4384955-the-dilemma-keeping-stable-tenant-vs-big-rent-i/#post-4544699 Tue, 04 Apr 2006 08:14:46 +0000 Thanks for the feedback.

This house used to be our POR and we paid most of the mortgage off when we were living in it so it is cash flow positive currently. That doesn’t mean we aren’t thinking about selling it. Not so sure it is a great use of capital…..

We have built into the contract 6 monthly rent reviews (even though it is a 2 year lease…[Read more]

]]> 3f927e2e4d3923debffab4b9472cac66 Andrew999 replied to the topic equity or not to equity? in the forum Finance https://www.propertyinvesting.com/topic/4378562-equity-or-not-to-equity/#post-4505491 Wed, 09 Feb 2005 15:43:01 +0000 Thanks for your feedback Derek and Stargazer.

I set this up about 6 months ago thinking this was a great idea. I guess I should have know better – if it seems too good to be true it probably is! I will pursue a second opinion.

Beforee I do and to make sure I understand this ……..
If I used the LOC to pay the IP’s IO monthly payment and then…[Read more]

]]> a9d2fcd7e155583f9f839eb547b1d337 Andrew999 replied to the topic equity or not to equity? in the forum Finance https://www.propertyinvesting.com/topic/4378562-equity-or-not-to-equity/#post-4505488 Wed, 09 Feb 2005 14:03:15 +0000 Thanks Steven,

My IP has an interest only mortgage. I am claiming the interst on the IP mortgage and the interest accrued on the LOC (which is only paying interest off the IP mortgage) as deductions against income.

This does increase the loss but it’s all tax deductible and allows me to pay down my non-tax deductible PPOR IO mortgage much…[Read more]

]]> e3868830606b4b825213260214044ace Andrew999 replied to the topic equity or not to equity? in the forum No Subject https://www.propertyinvesting.com/topic/4378562-equity-or-not-to-equity/#post-4505485 Tue, 08 Feb 2005 17:14:29 +0000 I have a similar situation to this in Perth and have structured it as follows:

– PPOR has $270k equity and $80K PI mortgage
– IP has $380k IO finance
– IP interest payments are being made by a LOC (which I am not paying off)
– All rental income from the IP is channelled to pay down the PI mortgage on my PPOR.
– I also make voluntary payments to…[Read more]

]]> 3de36c21030608813595d0a951676bf6 Andrew999 replied to the topic Tenant just won't move in! in the forum Help Needed! https://www.propertyinvesting.com/topic/4378490-tenant-just-wont-move-in/#post-4505153 Fri, 04 Feb 2005 17:19:51 +0000 Look at the bright side PurpleKiss – there is no wear and tear being inflicted!!

My insurance compay will insure an un-occupied place after the set period if I call them, advise them of teh situation and pay a little extra premium. Have you asked your insurance copmany whether they will do the same?

I would worry more about vandalism of the…[Read more]

]]> 017a469e566905d623a9e24e22a5ca17 Andrew999 replied to the topic Property Mangement Fees in the forum Help Needed! https://www.propertyinvesting.com/topic/4378400-property-mangement-fees/#post-4504569 Tue, 01 Feb 2005 13:45:41 +0000 We have a company mangaing two places (unfurnished houses) in Perth, WA for us. I think their fee structure is a little high, but they have done a very good job so far so am reluctant to change. They charge as follows:

– 9.9% of total incomings (such as letting fees, rents etc.)
– $10 / month – postage and sundaries
– $55 / quater – routine…[Read more]

]]> 08b12010f9cdc45870f6ff4c2b69ad1a Andrew999 replied to the topic To rent or to buy in the forum Help Needed! https://www.propertyinvesting.com/topic/4378185-to-rent-or-to-buy/#post-4503340 Fri, 21 Jan 2005 20:02:26 +0000 I agree with the general theme of the replies so far – this really has to be your decision and it depends on your lifestyle choices etc. Putting money into your own home is not dead money as it builds equity which can be used later to finance IP’s. However, rent money is dead money from day 1. Having said that you can be better off renting as…[Read more]

]]> d6e7253e3cef0ef7a84f71260e2d34cc Andrew999 replied to the topic Own Home First? in the forum Help Needed! https://www.propertyinvesting.com/topic/4377650-own-home-first/#post-4499847 Wed, 05 Jan 2005 22:09:02 +0000 This is an interesting topic, one which I am generally confused about the advise. Until you own your own home outright you will never achieve financial independence. Why put this off?

Additionally if structured correctly you can pump all generated cash into your own home and maximise your IP portfolio tax deductions (through LOC’s) which brings…[Read more]

]]> ae70c6bffd79573387c0302cac187629 Andrew999 replied to the topic CoCR and NPV in the forum Help Needed! https://www.propertyinvesting.com/topic/4377453-cocr-and-npv/#post-4498383 Sun, 19 Dec 2004 18:18:21 +0000 Thanks for the constructive input. Robert I understand where you are coming from with the CoCR calcualtion – thanks for the patience.
I guess am I having trouble with the principal of the calculation because the calculation revolves around a choice you make (e.g. equity based or cash down) both of which change the output but don’t change the…[Read more]

]]> 0a5b08f6bbab760e2d7da35b5c48a9d6 Andrew999 replied to the topic taking on a partner in the forum Help Needed! https://www.propertyinvesting.com/topic/4377472-taking-on-a-partner/#post-4498535 Sun, 19 Dec 2004 18:05:33 +0000 Thanks Lucifer)au and Steve.

I have read pages 60 and 61 and that is what got me thinking about this in the first place. Thanks!

Once you have determind that a particular person(s) are suitable (i.e. you have determined why you need/want a partnership, what you expect to gain from it, how you protect the interestes of one anothere etc.) what…[Read more]

]]> d7ac128db9c0c24e6421643f1ba3b8e5 Andrew999 replied to the topic CoCR and NPV in the forum Help Needed! https://www.propertyinvesting.com/topic/4377453-cocr-and-npv/#post-4498376 Fri, 17 Dec 2004 16:23:11 +0000 Thanks for the couple of comments. Whilst I agree the forumas are only a guide, used incorectly they can be very misleading.

On question 1….
I tend to agree with Lucifer_au on the CoCR question because whether you have physically injected cash or not is really irrelevant, it has locked this equity up and hence it can not be used for any other…[Read more]

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