PropertyInvesting.com | B.Deros | Activity https://www.propertyinvesting.com/members/b.deros/activity/ Activity feed for B.Deros. Sun, 12 Apr 2026 23:33:33 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 0b5cde661e857de914233eeebaff5f21 B.Deros replied to the topic Investors News!! NSW Bus Stop Shelters for Sale! in the forum General Property https://www.propertyinvesting.com/topic/4368995-investors-news-nsw-bus-stop-shelters-for-sale/#post-4436185 Fri, 24 Oct 2003 23:19:34 +0000 The email bounced so I guess not.

]]> b0a367119aeb358dbac6a8cc860a0ca5 B.Deros replied to the topic Investors News!! NSW Bus Stop Shelters for Sale! in the forum General Property https://www.propertyinvesting.com/topic/4368995-investors-news-nsw-bus-stop-shelters-for-sale/#post-4436184 Fri, 24 Oct 2003 23:18:47 +0000

quote:
You’ve got a good sense of humour Bill.[:0)]

Hey, call me stupid (or naive maybe) but is this a real offer or a joke??
I am interested if it’s the real deal.
thanks,
Ben

]]> 6c608172a8751962ba981730ad3ebf04 B.Deros replied to the topic Why and when to use different structures? in the forum General Property https://www.propertyinvesting.com/topic/4368856-why-and-when-to-use-different-structures/#post-4434635 Sat, 18 Oct 2003 04:48:24 +0000 Thanks Terry,
I have the latest magazine, I’ll check it out.
regards,
Ben

]]> f993a752e6a5f4ec05c0478e0d717b6d B.Deros replied to the topic Property Management Fees in the forum General Property https://www.propertyinvesting.com/topic/4368854-property-management-fees/#post-4434604 Sat, 18 Oct 2003 02:40:56 +0000 A good property manager saves you money!

I researched the REA in my area and chose the most expensive as my property managers @ 8.5%. Why? Because they distinguished themselves from the other REA in their quality service including by guaranteeing 3 inspections a year.

Ideally you would manage it yourself, but my properties are interstate.

Get a…[Read more]

]]> b2d9629432fc0b779b38555e3cd1b57d B.Deros replied to the topic Depreciation Schedule in Rural SA in the forum General Property https://www.propertyinvesting.com/topic/4368855-depreciation-schedule-in-rural-sa/#post-4434624 Sat, 18 Oct 2003 02:34:59 +0000 A schedule by Deppro cost me $440 and was well worth the cost. This is a once off fee that I can use for the life of the property (40 years).
Deppro are one of well known depreciation specialists but I don’t think they have an Adelaide office…
Ben

]]> a34bfa52eab5a5cc08839f23f9464a14 B.Deros replied to the topic Is the inner west Sydney market softening up?? in the forum General Property https://www.propertyinvesting.com/topic/4368847-is-the-inner-west-sydney-market-softening-up/#post-4434525 Sat, 18 Oct 2003 00:21:11 +0000 From what I understand investors are now driving the Sydney market. First-home buyers have significantly dropped off in the last few months, making the FHOG less and less of an influence. This has to mean the end is nigh!

The Prophet

]]> 151288d234302202460d54e1d7c8c7a2 B.Deros replied to the topic First deal in the forum General Property https://www.propertyinvesting.com/topic/4368845-first-deal/#post-4434509 Fri, 17 Oct 2003 21:14:10 +0000

quote:
As an addendum, I’ve already polled the vendor to see if he is interested in negotiating price or terms. I offered a 3 year interest only loan on the 25% needed for the deposit but he wasn’t interested. (He’s an old guy and just wants to retire and not bother with deals.)

Also, if I can’t raise the 25%, I’d be willing to pass it along for…

[Read more]

]]> 0a9b0654a2bb653f0a03cec128056339 B.Deros replied to the topic Increasing rental returns in the forum No Subject https://www.propertyinvesting.com/topic/4368820-increasing-rental-returns/#post-4434324 Fri, 17 Oct 2003 03:43:44 +0000 This is answering the question a bit laterallly, but getting a great tenant is way of increasing returns.
I have one property where the rent is a little below market. However the tenants have lived there 8 years, never been behind in rent, and haven’t cost me a cent in maintenance in the 12 months I have owned it!
This more than makes up for the…[Read more]

]]> c373cdf162ae756e2f9a36e05a3b1ef9 B.Deros replied to the topic Buyer Real Estate Agent commission in the forum General Property https://www.propertyinvesting.com/topic/4368690-buyer-real-estate-agent-commission/#post-4433657 Fri, 17 Oct 2003 00:00:45 +0000 He works out of the Brisbane/Gold Coast area. Feel free to send me an email banderos@bigpond.com if you’re still interested
cheers,
Ben

]]> dfb65602a97da387eb5283bab422f2be B.Deros replied to the topic Help me with my strategy! in the forum General Property https://www.propertyinvesting.com/topic/4368705-help-me-with-my-strategy/#post-4433730 Mon, 13 Oct 2003 07:32:47 +0000 Looks like everyone agrees so far!
Any more ideas?

]]> 24777e860241a7028df1bb3321809710 B.Deros replied to the topic Buyer Real Estate Agent commission in the forum General Property https://www.propertyinvesting.com/topic/4368690-buyer-real-estate-agent-commission/#post-4433655 Sun, 12 Oct 2003 20:38:20 +0000 I have a friend in the buyer’s agent business. So far he has found genuinely excellent deals for people and charged 3K for the service.

Many potential clients have been sceptical of course, but those that bought through him have been more than happy I understand.

I think it comes down to whether you have more money vs. time to how much value you…[Read more]

]]> 9ac5cd3313d66c7f7b2f3729fd7cdb80 B.Deros replied to the topic Help me with my strategy! in the forum General Property https://www.propertyinvesting.com/topic/4368705-help-me-with-my-strategy/#post-4433727 Sun, 12 Oct 2003 13:08:10 +0000 Thanks guys, keep the ideas coming…

]]> 8a73f02d17460a3fa39e4a37d7088c2d B.Deros replied to the topic The Dreaded Body Corporate in the forum No Subject https://www.propertyinvesting.com/topic/4368701-the-dreaded-body-corporate/#post-4433700 Sun, 12 Oct 2003 10:20:40 +0000 Hi,
I am not yet an expert on property but here’s what I can offer on this subject…
One of the first questions I asked about a property when buying was the BC fees as they do have a big impact on cashflow.
I looked out for things like swimming pools that would add up to a big drain on BC funds but not equate to a compensatory rise in rent.
BC’s…[Read more]

]]> 8673bf64b278c0f239440ff080057480 B.Deros replied to the topic Ed Burton + Hans Jacobi in the forum Heads Up! https://www.propertyinvesting.com/topic/4368548-ed-burton-hans-jacobi/#post-4432591 Sun, 12 Oct 2003 09:23:32 +0000 Hi Bribie,
I am very interseted to know what Hans was saying about his Beenleigh properties as I purchased there last year.
Would you mean dropping me an email? banderos@bigpond.com
cheers,
Ben

]]> 8f17bf42519167d2b634f60218daae85 B.Deros replied to the topic Mentoring Question for Steve in the forum Hotch Potch https://www.propertyinvesting.com/topic/4368597-mentoring-question-for-steve/#post-4432922 Thu, 09 Oct 2003 23:30:08 +0000 Well sounds promising ENJOlady.

Just doing my ‘due diligence’ on the investment ;)

Ben

]]> 5f05db72649bec2cb61922314ed2797b B.Deros 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-4432944 Thu, 09 Oct 2003 00:49:52 +0000 Interesting, never occured to me!
What is BIO?

]]> 84f938477286a23f9bd215a518ea586e B.Deros replied to the topic Other Reading material in the forum Heads Up! https://www.propertyinvesting.com/topic/4368309-other-reading-material/#post-4430866 Thu, 09 Oct 2003 00:48:11 +0000 I read John Fitzgerald’s 7 steps to wealth and was fairly underwhelmed…something was missing in it for, the advice wasn’t as intellectually sound. I guess I am a little sceptical anyway as his mob Custodian Wealth Builders do try and pitch their services to you at seminars (whilst badmouthing other people who do the same thing).

regards,
Ben

]]> 3ce563ea4c68d990a4151fa1138e842e B.Deros replied to the topic Mentoring Question for Steve in the forum Hotch Potch https://www.propertyinvesting.com/topic/4368597-mentoring-question-for-steve/#post-4432914 Thu, 09 Oct 2003 00:22:07 +0000 Hi Steve,
Thanks for the reply, fair points. I won’t do anything myself, but am not really the groupie type anyway ;)
I am in fact considering attending the seminar in Sydney. $1190 certainly isn’t outrageous if the benefits are there.
What size event will this be, i.e. how many people? Will specific questions from the attendees be encouraged or…[Read more]

]]> 7bbf1036790eaef564d750beebac5d39 B.Deros replied to the topic 8.75% p.a. for Just Sitting on Your Bum in the forum Hotch Potch https://www.propertyinvesting.com/topic/4368436-8-75-p-a-for-just-sitting-on-your-bum/#post-4431863 Sat, 04 Oct 2003 14:21:17 +0000 I would rather earn 8.75% on a $200,000 property I put down 10% on, than $20,000 of my own money.

]]> a3097d3a44e1891eb0f0b2c121811471 B.Deros replied to the topic 11 sec rule is OLD lowball rule in the forum Opinionated! https://www.propertyinvesting.com/topic/4368411-11-sec-rule-is-old-lowball-rule/#post-4431706 Sat, 04 Oct 2003 14:17:42 +0000 In response to the original post I think Steve (the author Steve) goes to quite enough trouble to explain how the 11 second rule fits into his investing – it’s an initial test to filter through a lot of available property very quickly.

I doubt the original poster actually read the chapter properly. I too have heard the rule before, expressed as…[Read more]

]]> 909e0189bd3b3f344e9b5a6e45f09f73 B.Deros replied to the topic When times get tough in the forum Hotch Potch https://www.propertyinvesting.com/topic/4368385-when-times-get-tough/#post-4431545 Sat, 04 Oct 2003 14:09:42 +0000 Just more on melbear’s ‘tenants in common’.
If there are two names on a contract then this is the legal structure automatically used.

According to the ATO both parties are deemed to own 50% of the property and receive 50% of the income whether they have some other arrangement or not.

]]> 95e80d379b6210265d1aae6b954c78fe B.Deros replied to the topic Feedback on IP wanted. in the forum General Property https://www.propertyinvesting.com/topic/4368466-feedback-on-ip-wanted/#post-4432133 Sat, 04 Oct 2003 11:52:20 +0000 I think you may have missed management fees – assuming you are planning to use an agent. This is usually 7.5 – 8.5%.

Repairs are impossible to predict so as previous poster mentioned your positive cashflow could easily turn negative.

Another point I discovered in analysing my own investments…
Buying units under $100K makes it harder to achieve…[Read more]

]]> 37fa4f0f6dd1b4fbcb6e2553b8edb6b7 B.Deros replied to the topic Tax Depreciation Schedules in the forum No Subject https://www.propertyinvesting.com/topic/4365654-tax-depreciation-schedules/#post-4415300 Sat, 03 May 2003 02:15:15 +0000 Thanks Quentin,
I have chatted to deppro already and they sounded quite good. I’ll mention the Woodward case and see how on the ball they are ;)
Ben

]]> 6fdf03c07cb1d08cd1efdc3308f015b7 B.Deros replied to the topic Property Investment Companies... any experiences? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365286-property-investment-companies-any-experiences/page/2/#post-4413532 Fri, 02 May 2003 07:44:00 +0000 The last time I thought about this I concluded the main benefit of these companies was in actually finding the right property due to their “superior market knowledge” (take that with a grain of salt) – all the other benefits are really conveniences that you will pay for.

BTW, I still like going to seminars because it fuels my thinking and you get…[Read more]

]]> 085cfff7c90ac19303cb6fe172754e5d B.Deros replied to the topic How to find honest Real Estate Agents? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365651-how-to-find-honest-real-estate-agents/#post-4415264 Fri, 02 May 2003 07:32:48 +0000 I talked to a whole bunch in the area whilst I was shopping around buying and formed my impressions that way.
I went with the most professional agents, not the ones who went the most out of their way to impress me – that kind of attention is short-lived.
So far I have been very happy with the decision. Especially happy considering I live…[Read more]

]]> c1e03f6fa601f86e2e60d28f886e8061 B.Deros replied to the topic Captial gains tax in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365643-captial-gains-tax/#post-4415242 Fri, 02 May 2003 07:29:15 +0000 Call up the ATO. They will send you the Guide to Capital Gains Tax booklet for free.

]]> 2289f3adafc3bb346b4c30d3a03f78fe B.Deros replied to the topic Acceptable Profit on Development in the forum No Subject https://www.propertyinvesting.com/topic/4365646-acceptable-profit-on-development/#post-4415251 Fri, 02 May 2003 07:27:43 +0000 Some developers just want to keep their builder mates busy when the housing economy is quiet :)

]]> a3f4f935a6fa4e03e855cbb58eb963bc B.Deros replied to the topic Swimming Pool ? in the forum No Subject https://www.propertyinvesting.com/topic/4365650-swimming-pool/#post-4415262 Fri, 02 May 2003 07:23:09 +0000

quote:
I think it depends on where the property is. We have property in warmer states, one with and one without a pool. We got about $40 less rent a week for the one with no pool compaired to a rental in the same street with pool.

It does depend on your strategy a little but in general what you would gain in rent you more than lose in the…[Read more]

]]> 31db643a74515a82ebdd96b3ea84adb1 B.Deros replied to the topic When to refinance in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365609-when-to-refinance/#post-4415079 Fri, 02 May 2003 02:30:39 +0000

quote:
Hi Ben

You could refinance now, but beware of exit fees and Application fees for the new loans. If you just want to use the extra equity you could just approach your current bank asking for an increase. Also beware that the bank valuation may not come in as high as you had hoped.

What was the LVR when you purchased? You can generally only…

[Read more]

]]> a402553304df9e26dae5c76ae2d12177 B.Deros replied to the topic Managing ever increasing number of IPs ??? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365588-managing-ever-increasing-number-of-ips/#post-4415001 Thu, 24 Apr 2003 07:09:04 +0000 I think there’s a book on creativerealestate.com.au by Barry Black that shows how he managed 179 properties with 1 x A4 folder!

]]> 196ab331d01c40b387f0e7262c3734cf B.Deros replied to the topic Buy more investments or buy my own home?? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365601-buy-more-investments-or-buy-my-own-home/#post-4415055 Thu, 24 Apr 2003 07:06:39 +0000 My take on this is based on the fact I am young, have no dependants and live in the currently maxed out market of Sydney. There is no way I can get the same returns on a home here than I can on an investment in say Brisbane.

e.g. rent income pm in Brissie = $950
– rent paid in sydney = $150
– mortgage payments = $800

$0

e.g. rent income pm in…[Read more]

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