PropertyInvesting.com | as41 | Activity https://www.propertyinvesting.com/members/as41/activity/ Activity feed for as41. Sat, 11 Apr 2026 20:50:31 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 58b95c6b63ea17f301568afbe6359528 as41 replied to the topic Cna anyone help me on this one? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391679-cna-anyone-help-me-on-this-one/#post-4578731 Wed, 19 Dec 2007 22:46:29 +0000 O.K here is what we did. used $50K of parents line of credit for the deposit. Then a year later used another $15K of their money line of credit to pay for the reno. So all up we used about $65K of their line of credit……. P.S thanks guys… MERRY CHRISTMAS TO YOU ALL!!!!!!!

]]> 643f5d067a7a2a1bc7e17af9a95ba75d as41 replied to the topic What is the benefit of prepaying interest on IP? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391606-what-is-the-benefit-of-prepaying-interest-on-ip/#post-4578299 Thu, 06 Dec 2007 21:32:59 +0000 Thanks guys

]]> 078ff0d5c9a6faf1fb863391e639a3aa as41 replied to the topic What is the benefit of prepaying interest on IP? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391606-what-is-the-benefit-of-prepaying-interest-on-ip/#post-4578296 Wed, 05 Dec 2007 22:41:28 +0000 Sorry I mean prepaying your  interest. instead of paying it every month with your loan?

]]> 92cfc2ffc7efe06c42662472409beff1 as41 replied to the topic I need some advice on current situation and concerns in the forum Wll I would sell it if I https://www.propertyinvesting.com/topic/4391589-i-need-some-advice-on-current-situation-and-concerns-2/#post-4578213 Wed, 05 Dec 2007 03:24:36 +0000 Wll I would sell it if I could figure out that selling and putting the money into my current PPOR will be better than the value increase  over the next few years from my IP? Not sure how to make this calculation and what I need to include? Any suggestions on how to figure out these scenarios? P.S at the moment the rent covers the IP loan of $194K…[Read more]

]]> 433d4e112dcdb031da1b83349c91f9d7 as41 replied to the topic Replacing old kitchen with secondhand in the forum Value Adding https://www.propertyinvesting.com/topic/4390878-replacing-old-kitchen-with-secondhand/#post-4574521 Mon, 24 Sep 2007 12:00:00 +0000 I would like to know this also.. Does anyone have any insights?How close does the second hand kitchen need to be in terms of design or is it easy to mix and match etc……

]]> a5b5f247b2074e69009675cbd6878cd5 as41 replied to the topic PLease I need your help on a loan question:):):):) in the forum Help Needed! https://www.propertyinvesting.com/topic/4390580-please-i-need-your-help-on-a-loan-question/#post-4572799 Sun, 26 Aug 2007 06:14:22 +0000 The reason I may need to refinance is that we are currently doing up an IP that we would like to sell in the next 12-24 months. We would like to use the profits from that to pay down the new PPOR we just bought. That will mean a refinance right? does this incure Defereed establishment feed or only if you pay out the loan in full. I also want to be…[Read more]

]]> e03c3bceba484b928bbf295bf8d287c5 as41 replied to the topic Transfering Equity in the forum General Property https://www.propertyinvesting.com/topic/4387494-transfering-equity/#post-4557843 Fri, 24 Nov 2006 10:12:10 +0000 My first impression would be to rent your own house out while you move into the other one to do renovations. Also I have just done the exact same thing and have come to a great realisation.

We spent 6 months renovating it from scratch. And I mean we did everthing ourselves from the tiling to the pastering. painting etc…
I would strongly advise…[Read more]

]]> abb10903a4bcf1011e08531855601af4 as41 replied to the topic What are my options? in the forum Help Needed! https://www.propertyinvesting.com/topic/4387436-what-are-my-options-2/#post-4557571 Mon, 20 Nov 2006 11:55:14 +0000 Thanks Simon,

I have been a bit disheartened at the forum lately as I see so so so many posts that say 90+ people read but no-one replies to. I personally have a habit of trying to help as much and as many people as I can in return for some advice to my own questions and queries…[inlove]

Snowflake

]]> 610f2d2f086bfa6f3604af9cd8eb2a4c as41 replied to the topic IS THE GREAT AUSTRALIAN DREAM FINALLY DEAD!!!!!!!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4387384-is-the-great-australian-dream-finally-dead/page/2/#post-4557270 Wed, 15 Nov 2006 12:12:41 +0000 I understand your frustration. TOTALLY. Husband and I spend out 2’s drinking and partying (never thoughtou about investing until 2 years ago). Now we are early 30’s and I am the main income earner. My husband is on a very average wage and we would like to have kids. I am havng anxiety issues with wanting to have achild and wondering how to do this…[Read more]

]]> 664d183a6c682dd25df6c8cef0c1e538 as41 replied to the topic Building permit crime in the forum Help Needed! https://www.propertyinvesting.com/topic/4387040-building-permit-crime/#post-4555787 Wed, 11 Oct 2006 05:26:37 +0000 Hi “foundation

WHAT NEW RULES!!!!
[inlove]

Snowflake

]]> fbf3b6d7a48d64b494b5468574443332 as41 replied to the topic Renting to Invest in the forum Help Needed! https://www.propertyinvesting.com/topic/4386902-renting-to-invest/#post-4555221 Thu, 28 Sep 2006 22:46:11 +0000 Why does your IP purchase need to be $400K, (unless you have already found this good deal)? What about buying one for a little less but just as good a deal on paper ie: yield and growth potential?????etc….Then you can have your cake and eat it too…
P.S I know I am in the sam situation.. Do I rent or buy…. Personally we will be buying and…[Read more]

]]> 8f7cd97ee6ca475e6a23fbbafaf18389 as41 replied to the topic Attention Brokers! in the forum Help Needed! https://www.propertyinvesting.com/topic/4386891-attention-brokers/#post-4555161 Wed, 27 Sep 2006 04:43:16 +0000 thanks Terry

Is there any way that we can have the property and the loan in mine and husband name but use parents $250 equity as deposit???like a guarantor ? Even though their house is not sold yet?[inlove]

Snowflake

]]> d164149f996aa18ae0f25e92042c7da6 as41 replied to the topic second bathroom?? in the forum Value Adding https://www.propertyinvesting.com/topic/4386556-second-bathroom/#post-4553391 Fri, 01 Sep 2006 06:27:18 +0000 HI Sepcific,

Just out of interest, where about is this place? I looked at purchasing one like it a few months ago now but my plumber said that as a 4 bedder a laundry is vital and not to loose that aspect……
He also quoted about $200-2500+ costs for plumbing to put applicances in for a brand new bathroom… and that was at mates rates….

Snowflake

]]> 50bdc4e9449436e65c9e65d03ec98f6f as41 replied to the topic we want kids in the forum General Property https://www.propertyinvesting.com/topic/4386411-we-want-kids/#post-4552632 Fri, 11 Aug 2006 06:34:20 +0000 Rayson,

If you have $7000 t pay of PCM, and only half of it $3500 in rental incomce…. how are you paying for the difference ($3500 at least including expenses) on only $50K?????

Sorry this is not a pick but I’m just curious!!! [inlove]

Snowflake

]]> 1c9bb00ca1774f6c437e1bcf978b5594 as41 replied to the topic Conteact note? evil? in the forum Help Needed! https://www.propertyinvesting.com/topic/4386204-conteact-note-evil/#post-4551784 Thu, 20 Jul 2006 00:56:36 +0000 Isn’t anyone willing to help me out here? Please![inlove]

Snowflake

]]> c9095cbb5b5875ad0de1ca2966321cb5 as41 replied to the topic Guys and Gals I need your help!!!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4386126-guys-and-gals-i-need-your-help/#post-4551525 Fri, 14 Jul 2006 09:36:00 +0000 Hi Steve,

OUr offer on IP2 has been accepted (good deal).. We sign stuff next couple of days…….We have 60 days settlement, is this enougth time for bank to revalue in fortnights time???Will they be approachable to this????

P.S THANKS FOR YOUR REPLY!!!!!! My ARGHMM^#$^%($ is turning to[inlove]

Snowflake

]]> 06ad2ed0860fff98d36e98eb33999781 as41 replied to the topic Renovation Nitty Gritty in the forum Renovation Nitty Gritty https://www.propertyinvesting.com/topic/4386048-renovation-nitty-gritty/#post-4551151 Fri, 07 Jul 2006 02:15:12 +0000 Here is my experience from 3 reno’s.

Painting:
DYI including wall, skirting, undercoats and 2 top costs, ceilings
4litres does about a 14 sq room. Does not include cost if you pay a painter to do it. It takes a lot of time!!!! And I find I have to do it in stages as my arms get so sore I get RSI!!!No kidding try paining a 4 br house al by…[Read more]

]]> 0a0211475ba8e6b8fcc7dd5afd56e272 as41 replied to the topic finance for Ip plust $ for Reno??? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4385967-finance-for-ip-plust-for-reno/#post-4550858 Wed, 05 Jul 2006 00:52:23 +0000 Terryw

Can I request the broker to organise this?? How do I do this?[inlove]

Snowflake

]]> 031c27613d27333e2db9a1a1e3acbc2d as41 replied to the topic Advice on getting loan in two weeks for auction in the forum Finance https://www.propertyinvesting.com/topic/4385912-advice-on-getting-loan-in-two-weeks-for-auction/#post-4550537 Thu, 29 Jun 2006 01:23:34 +0000 TerryW…and others….

Do I need full approval or only pre-approval to go to Auction???

Also, it looks like we may need to go over 80% LVR maybee 95%… but if we are successful at purchase and we can improve the property we could then refinance at 80%….My questions is-at over 80% I will incur LMi…. that gets charged at the begginning of…[Read more]

]]> b01bacca81a4f23932e07cbf6265cf63 as41 replied to the topic Advice on getting loan in two weeks for auction in the forum Finance https://www.propertyinvesting.com/topic/4385912-advice-on-getting-loan-in-two-weeks-for-auction/#post-4550534 Fri, 23 Jun 2006 06:21:19 +0000 Hi

We are in Melbourne Suburbs…..

Snowflake

]]> 69b99b84915b0d78fc53c9df33af53fb as41 replied to the topic Whats the go with valuations man! in the forum Finance https://www.propertyinvesting.com/topic/4385747-whats-the-go-with-valuations-man/#post-4549643 Thu, 22 Jun 2006 22:41:17 +0000 Thanks Manoj… very help ful info…..

The loan for this IP is with the ANZ….They have already told me They dont do internal inspections for valuations… Do I refinance with another bank????[inlove]

Snowflake

]]> bbfd52299bb8bb8f80b4eec965b683b7 as41 replied to the topic hypothetical on a house for IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4385898-hypothetical-on-a-house-for-ip/#post-4550431 Wed, 21 Jun 2006 22:54:34 +0000 Thanks for the info fArn… One way to find out is????[inlove]

Snowflake

]]> 96191a72f6a69cf29f8b6455f2080fee as41 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/page/2/#post-4450934 Wed, 21 Jun 2006 11:24:08 +0000 Sorry to be a ” sore contributor” for the first time but I have to say:
1. I cannot believe some of the things people do to save a buck… Wouldnt you be better off putting your time and energy into research or education or investing….
2. Westan..please tell me your not serious about the Church thing!!!!
3. Ebay… you cannot sell anything on…[Read more]

]]> dac3f12df66dacb0d4044cf1088a9f1f as41 replied to the topic Rental yield figures in the forum Help Needed! https://www.propertyinvesting.com/topic/4385900-rental-yield-figures/#post-4550460 Wed, 21 Jun 2006 06:23:15 +0000 HEY FOUNDATION

THANKS >>>>>>>>>>>

NOw any idea if I can get the same sort of info for a specific suburb… I dont want to pay for a residex reportetc…. Is just a 5 year average I am after…..

P.S thanks for chatting![inlove]

Snowflake

]]> a99394def258815264c237b7679c6d97 as41 replied to the topic Possibly the silliest question ever asked BUT... in the forum Finance https://www.propertyinvesting.com/topic/4385832-possibly-the-silliest-question-ever-asked-but/#post-4550115 Wed, 14 Jun 2006 11:34:13 +0000 THANKS RED-ROUGE[inlove]

It was as I thought….. so this makes me question, If you refinance your first IP to get the 20% for your second IP, you will increase the LVR of the first IP to above 80%, then you have to pay LMI again when you refinance correct? ….How then do people get around that unless they spend their own money paying off IPONe…[Read more]

]]> 5cb60d5c100f7ae30eb6c22fd8deb210 as41 replied to the topic Property Valuer & Mortgage Broker Needed in the forum Finance https://www.propertyinvesting.com/topic/4385745-property-valuer-mortgage-broker-needed/#post-4549630 Wed, 14 Jun 2006 09:54:56 +0000 Hi guys… help me to understnad this please…… I recently got my bank to do a valuation prior to refinancing for a reno…Problem is they never even went inside…..Now that the reno is done I thought I hsould get another valuation but my initial thoughts are… if they wont look inside to see the improvement… how can i get the new…[Read more]

]]> 5f2c4a14a28bf937ccc4d8c4606d39df as41 replied to the topic Kitchen costs? in the forum Value Adding https://www.propertyinvesting.com/topic/4385452-kitchen-costs/#post-4547276 Wed, 14 Jun 2006 09:48:51 +0000 thanks Frini

We are almost done with the reno: here are the details in case anyone is interested:

Bathroom: all self installed with lots of “expert” fathers and father in laws help -ex-engineers love to be in charge and they are always after perfections . Total demolish including palster on wall right down to bar wall studs. We demolished an…[Read more]

]]> d32e95a6110f12f12822ebf0f023e897 as41 replied to the topic Anyone doing renovation jobs in Melb ? in the forum Value Adding https://www.propertyinvesting.com/topic/4383899-anyone-doing-renovation-jobs-in-melb/#post-4539208 Mon, 05 Jun 2006 09:02:31 +0000 I am currently doing a reno in outer melb. area. I am interested in the frefinance option for a buy-reno-hold strategy but am a bit “dumb” in that area….Can anyone spell out how this works in real life…. even if I refinance the loan (due to increased house value) and use it as a deposit. I will have to pay that back through the new laon…[Read more]

]]> fc6aa0edfc5715775015bd8721f7f1c9 as41 replied to the topic Opinions on DIY Flat pack kitchens in the forum Value Adding https://www.propertyinvesting.com/topic/4385665-opinions-on-diy-flat-pack-kitchens/#post-4548193 Thu, 01 Jun 2006 01:03:13 +0000 As many of you know I am in the process of a kitchen and bathroom reno and have posted several times on the issue of kitchens.

We are in Melbourne and go a quote through a professional kitchen caprenter who we thought would be quite expensive and it turns out her is changing us $6000 for a large kitchen and includes GST and installation.…[Read more]

]]> 4d8169855d8e9a932a2db182a886de4b as41 replied to the topic Kitchen costs? in the forum Value Adding https://www.propertyinvesting.com/topic/4385452-kitchen-costs/#post-4547274 Wed, 24 May 2006 06:29:49 +0000 Hi Andy,
Does this include renos for a property that is to be sold? I am unsure whether a second hand kitchen would attract the same resale value to a new one????[inlove]

Snowflake

]]> f70251c6b7e7c7bd37b895da4045cd8f as41 replied to the topic Kitchen costs? in the forum No Subject https://www.propertyinvesting.com/topic/4385452-kitchen-costs/#post-4547273 Wed, 24 May 2006 06:28:22 +0000 Hi Andy,
Does this include renos for a property that is to be sold? I am unsure whether a second hand kitchen would attract the same resale value to a new one????[inlove]

Snowflake

]]> 9a2b4d055b66799d166b96526e6ccf49 as41 replied to the topic 3 IP options: Advice needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4385549-3-ip-options-advice-needed/#post-4547666 Wed, 24 May 2006 06:17:36 +0000 I know a lot about Mildura–have you ever been there?
1. prices have increased a lot over the past 6 years…..now have stabilised. You wont get anything in your price range unless it way out of town.. Good rental makret for transient people…..You either have to but close to town…townhouses there are lots of…… For epople that have been…[Read more]

]]> df4297c1ee67ac58550075002957a577 as41 replied to the topic Ideas wanted for rental investment in the forum No Subject https://www.propertyinvesting.com/topic/4385578-ideas-wanted-for-rental-investment/#post-4547811 Wed, 24 May 2006 06:09:07 +0000 This would be my suggestion:
1. Dont estimate the value of your property. Get a formal valuation from your bank and then look at refinancing options to pay of exisitng personal debts.
2. Talk to an accountant-straight up….He may siggest getting an interest only loan that will reduce your repayments for a while until you get sorted and are in a…[Read more]

]]> ff1aa3943fbf268278038ebb7fb96a40 as41 replied to the topic Kitchen costs? in the forum Value Adding https://www.propertyinvesting.com/topic/4385452-kitchen-costs/#post-4547271 Wed, 17 May 2006 22:55:38 +0000 You comments have bben great-thanks.. However I wish to comment that the house is receiving other major renovations including a bathroom and garage and deck etc….It has been an IP rented but we will look at chashing in and selling over the next few years to invest elsewhere….so does this not warrant spendin g a bit more on a great kitchen and…[Read more]

]]> 89699b12d65e07286c8931bae59dc460 as41 replied to the topic Vent---b$#@*y banks! in the forum Finance https://www.propertyinvesting.com/topic/4385506-vent-by-banks/#post-4547520 Wed, 17 May 2006 08:14:17 +0000 thanks guys.. some good strategies….Just to let you know (esp. DAZZLING) I have not signed anything just mearly enquired with the anz as I was happy with their service on an exsiting loan until this issue poped up and upset my balance….Here is what I have decided to do…

My father in law will give us the money via his line of credit. So we…[Read more]

]]> 9716b6d672a26254058a44d5cd33e688 as41 replied to the topic To RENO or not to RENO??? in the forum Value Adding https://www.propertyinvesting.com/topic/4385475-to-reno-or-not-to-reno/#post-4547350 Sun, 14 May 2006 23:24:49 +0000 I’m in the same situation:

1. bought the house fairly run down (cosmetically it needs a kitchen and bathroom facelift.
2. IP is in great location to shops and train and freeway.
3. We are doing it up for the upper rental market. New hard wearing kitchen and applicances and new bathroom and painting and car port. Cost will be about $15-18000. Will…[Read more]

]]> 42ef6035319cb2015406767ec91c6e33 as41 replied to the topic conflicting advice-any ideas? in the forum Help Needed! https://www.propertyinvesting.com/topic/4385450-conflicting-advice-any-ideas/#post-4547245 Fri, 12 May 2006 03:39:33 +0000 So from what you are saying:
1. I can still claim repairs even when they were done/bought when the property was not tenanted…..
2. From a major kitchen and bathrom reno…what things would constitute a repair versus improvement. For example: we are putting in new bth and vanity to replace old one that is totally unusable… is this a repair or…[Read more]

]]> 9af2eb085563684dbc7005fc229ce12e as41 replied to the topic Loan advice needed in the forum Finance https://www.propertyinvesting.com/topic/4385281-loan-advice-needed/#post-4546488 Mon, 08 May 2006 10:53:47 +0000 Hi Cameron

Ho[blink]w would you organise 85% without LMI?

Snowflake

]]> 6a9d30e4ef58a27dbb5016af2bcf81ef as41 replied to the topic SMall bathroom reno ideas and tips in the forum Value Adding https://www.propertyinvesting.com/topic/4385280-small-bathroom-reno-ideas-and-tips/#post-4546480 Thu, 04 May 2006 03:18:33 +0000 Hi Handy Man

The room is 2.4 x2.4 approx

When you enter, there is a shower on the left and then a toilet in the top left corner and a vainty staight ahead as you walk in with a window above it. The problem I have is that the length between the whoer and toilet is 2.4 meters which wont fit a full bath and toilet. Options may be moving the…[Read more]

]]> 615a3fa606eddcd9f1a1346d6bdb4d5b as41 replied to the topic Urgent-I might have found an opportunity??? in the forum Help Needed! https://www.propertyinvesting.com/topic/4383609-urgent-i-might-have-found-an-opportunity/#post-4537707 Fri, 23 Dec 2005 02:00:57 +0000 Bob the Worker!

No need for rude comments really! As you can tell from my “comic icons-” I’m with stupid”…I’m just a newby wanting some help….As the saying goes, if you cannot find anything nice (orconstructive in this case) to say then its better to not say anything at all……[chill][withstupid]

Snowflake

]]> cad9cf3aaeac356b1a42d0e13f9e34d9 as41 replied to the topic what is a "broker" in the forum Finance https://www.propertyinvesting.com/topic/4383598-what-is-a-broker/#post-4537637 Thu, 22 Dec 2005 00:48:45 +0000 sorry for double posting…..Hence “I’m with stupid”!!HaHaHa

Anyway, part of my story is that I have grown up in an environment and family where money matters were never discussed or strategies about…I have no one in my family who has any experience with inveting or brokers….etc.. etc….many of you can probably realte to that….

Is a…[Read more]

]]> 246bf744a6e2363772ccebf1d6f08a28 as41 replied to the topic what is a "broker" in the forum Finance https://www.propertyinvesting.com/topic/4383598-what-is-a-broker/#post-4537634 Thu, 22 Dec 2005 00:25:55 +0000 where do I find one of these brokers????I am in sth east suburbs of Melbourne……Obviously they should be independant and not linked to any banks CU’s etc…[withstupid]

Snowflake

]]> c7575fb6bda61ae7935d4a133ca751ad as41 replied to the topic Sacrifice the first home owners grant or not? in the forum Help Needed! https://www.propertyinvesting.com/topic/4383577-sacrifice-the-first-home-owners-grant-or-not/#post-4537501 Tue, 20 Dec 2005 07:07:08 +0000 Here’s my impressions:

1. you say on $500k your payemnts (interest and rates) would be the same as you are now paying rent. Sounds good but that will onyl work is you buy positively geared properties (good luck) then you dont have to add your won money to may mortage. Otherwise if you canot do that you will have to rejig your strategy as you…[Read more]

]]> 4a6f7022a34e6c094b66d2e1cf40ec42 as41 replied to the topic Hearing -help needed urgently in the forum No Subject https://www.propertyinvesting.com/topic/4383578-hearing-help-needed-urgently/#post-4537505 Tue, 20 Dec 2005 01:26:52 +0000 I just rang the Tenancy Advice line and they siad that the Hearing is just in case they dont move out on the prescribed day……then they can be “made” to move out….sounds like this is an insurance policy for us as landlords. They have been great tenants and I think they will leave in the prescribed time as they have already indicated they are…[Read more]

]]> f102956b241512796815ae817c589082 as41 replied to the topic Our plan went haywire!!!for the good or bad?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4380741-our-plan-went-haywirefor-the-good-or-bad/#post-4519975 Mon, 13 Jun 2005 09:50:25 +0000 Thanks for your comments everyone. What is the benefit to me of going interest only loan? OUt of interest. What sort of accountant could help me down this path with the property? I did a search on yellowpages and found hundreds!!!How do you select one in the hope that they are any good?

Snowflake

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