PropertyInvesting.com | babu88 | Activity https://www.propertyinvesting.com/members/babu88/activity/ Activity feed for babu88. Sun, 12 Apr 2026 03:09:42 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 923e854ced11c893923e38250acab956 babu88 replied to the topic PM in Brisbane in the forum Help Needed! https://www.propertyinvesting.com/topic/5047913-pm-in-brisbane/#post-5047919 Fri, 07 Sep 2018 09:21:28 +0000 no one?

]]> a1da48485cdf3b546e8bb44465fb8b76 babu88 started the topic PM in Brisbane in the forum Help Needed! https://www.propertyinvesting.com/topic/5047913-pm-in-brisbane/ Thu, 06 Sep 2018 10:01:29 +0000 Could you please recommend / suggest some good property managers / agencies for a 3 bed house in the Morningside area of Brisbane? Thanks.

]]> 188589cd2c2e202c4b105fa74775ae85 babu88 replied to the topic US Links that may be of some interest in the forum Thank you, Matt.  The 2 https://www.propertyinvesting.com/topic/4393460-us-links-that-may-be-of-some-interest/#post-4588743 Wed, 30 Jul 2008 06:41:33 +0000 Thank you, Matt.  The 2 websites you posted are great.  I have been doing some research on buying a property in the US and these websites have a lot of useful info.Other websites I have been searching for properties include: trulia.com, ziprealty.com, zilpy.com and of course realtor.com

]]> 49e72521fbf620500506fa18a6312d5c babu88 replied to the topic seeking recommendations for conveyancing, building and pest inspections in Adelaide in the forum Thanks, splade and Xenia, https://www.propertyinvesting.com/topic/4390171-seeking-recommendations-for-conveyancing-building-and-pest-inspections-in-adelaide/#post-4570521 Tue, 24 Jul 2007 06:39:39 +0000 Thanks, splade and Xenia, for your replies.  Xenia, I will send you an email.

]]> 274ab3553fe86702c126001086f7ffa0 babu88 replied to the topic seeking recommendations for conveyancing, building and pest inspections in Adelaide in the forum Help Needed! https://www.propertyinvesting.com/topic/4390171-seeking-recommendations-for-conveyancing-building-and-pest-inspections-in-adelaide/#post-4570518 Wed, 18 Jul 2007 03:41:27 +0000 No reply.  Bump!  Anyone?

]]> 0f512d038e9ca8b120695c1efaf48528 babu88 replied to the topic ideas for new look and functionality in the forum Site Problems / Feedback https://www.propertyinvesting.com/topic/4389569-ideas-for-new-look-and-functionality/#post-4567521 Thu, 10 May 2007 22:28:39 +0000 I used to check out this forum and was annoyed that I could not see the posts without opening them so I gave up.   But, now I see this enhancement – which is great!  So, I will visit this forum more often.

]]> dacb6e2b95dd57ffb59b15d8bfc04cb3 babu88 replied to the topic Latest from Michael Yardney... ?? in the forum Finance https://www.propertyinvesting.com/topic/4385918-latest-from-michael-yardney/#post-4550569 Tue, 04 Jul 2006 01:45:45 +0000 Oh! this is a very interesting wager. I shall keep a close eye on it for the next 4 years. Good luck, gentlemen!

]]> c084633464a4969003e05cd6e8fec126 babu88 replied to the topic Another Suggestion for RESULTS in the forum Site Problems / Feedback https://www.propertyinvesting.com/topic/4384215-another-suggestion-for-results/#post-4540820 Sun, 19 Feb 2006 05:22:17 +0000 Thanks, Admin, for your reply. It is good to know that the RESULTS forum will be migrated to a different platform so we don’t have to scroll through posts that we cannot read.

Also, is it possible to hover the mouse over the heading of each post to see what it is about before having to open each one to find out. The somersoft forum has this…[Read more]

]]> 4baccc6ea2145dfb9ea40cc05b16fc30 babu88 replied to the topic Old Format in the forum Site Problems / Feedback https://www.propertyinvesting.com/topic/4384136-old-format/#post-4540389 Sun, 19 Feb 2006 05:17:36 +0000 Agree. I have lost some interest in the new forum format as well.

]]> a74f62f63972af1d344444a17b533ece babu88 replied to the topic Another Suggestion for RESULTS in the forum Site Problems / Feedback https://www.propertyinvesting.com/topic/4384215-another-suggestion-for-results/#post-4540816 Fri, 17 Feb 2006 00:35:16 +0000 I noticed that the technical people of this forum have not replied to your post. Am not sure if these people actually read these posts.

I am in exact situation like you and I agree with your view, sb, on having to scroll down a long way to the other forum topics. It is very annoying for forumites like us who are not members of the RESULTS…[Read more]

]]> e2ae5c9bedad141bd47a7c50f5e7fdeb babu88 replied to the topic New Industrial Relations Laws in the forum No Subject https://www.propertyinvesting.com/topic/4383259-new-industrial-relations-laws/#post-4535754 Fri, 02 Dec 2005 05:06:28 +0000 I belonged to a professional union (you can call it a white collar union). I had not like the blue collar unions because of their militant attitude. However, having been part of the union movements I can see why the new IR laws are bad and unfair – particularly for blue collar workers. These workers have got no hope of negotiating with their…[Read more]

]]> 0d26dcdbdee0795fa190a2a52b26bf0e babu88 replied to the topic To increase the rent or not that is the question in the forum General Property https://www.propertyinvesting.com/topic/4382841-to-increase-the-rent-or-not-that-is-the-question/#post-4533455 Tue, 25 Oct 2005 12:11:02 +0000 I have had similar stories to share. We bought an IP 4 years ago and rented it out for $410 a week. After 18 months tenants moved out and we had problems finding tenants as the market was down then (high vacancy rates), so we dropped rent to $390 a week. A few months ago we found out the identical place next door was rented for $440 a week (with…[Read more]

]]> b031d908806907fb74db8577c673b2e4 babu88 replied to the topic How to view topic without having to open it? in the forum Site Problems / Feedback https://www.propertyinvesting.com/topic/4382564-how-to-view-topic-without-having-to-open-it/#post-4531734 Thu, 06 Oct 2005 13:27:42 +0000 Thanks, Wasp. It would have been a preferred optional feature if it is available – making browsing through the topics a bit faster and more efficient.

]]> b5a824092a765ec2109409998767b8f3 babu88 replied to the topic opinion on mt waverley vs glen waverley in vic? in the forum Help Needed! https://www.propertyinvesting.com/topic/4380605-opinion-on-mt-waverley-vs-glen-waverley-in-vic/#post-4518916 Sun, 05 Jun 2005 04:12:47 +0000 Thanks, Gatsby, for your additional comments and affirmed view on Glen Waverley. I checked the net for the train lines in Melbourne, and you are right Glen Waverley is at the end of the line! I will focus on Glen Waverley and be phoning a few agents to get on their books for new listings etc.

]]> 9d810dcb4addaf938d59cced719e1c8d babu88 replied to the topic opinion on mt waverley vs glen waverley in vic? in the forum Help Needed! https://www.propertyinvesting.com/topic/4380605-opinion-on-mt-waverley-vs-glen-waverley-in-vic/#post-4518914 Sat, 04 Jun 2005 10:01:06 +0000 Thank you, Trish, so much for your very helpful advice and great comment on Mt Waverley and Glen Waverley. I did notice that there are a lot of real estate agents in Glen Waverley, and very few in Mt Waverley.

]]> 85e3b52c0c8aadda5da341d0aff96d2e babu88 replied to the topic agent not presenting vendor with offer in the forum No Subject https://www.propertyinvesting.com/topic/4380188-agent-not-presenting-vendor-with-offer/page/2/#post-4515694 Sat, 04 Jun 2005 06:26:20 +0000 I have a few related questions to this topic.

When an ad listed the price as $500k plus. Does this mean the vendor wants minimum $500k and will not accept offers below this? If I make an offer in writing below $500K, is the selling agent obliged to present my offer to the vendor?

A question regarding the offer: Can I stipulate in the written…[Read more]

]]> 7409cc639d68edc7002503ecbbfe06aa babu88 replied to the topic Annoyed with R/E agent not waiting for my offer in the forum General Property https://www.propertyinvesting.com/topic/4380483-annoyed-with-re-agent-not-waiting-for-my-offer/#post-4518054 Sat, 28 May 2005 05:21:44 +0000 Thanks for all your replies and some good advices. I’ll know what to do when I find the next lot of properties – particularly now I have secured finance in place. The thing I was most annoyed about was that the agent kept pushing one set of particular properties (been on the market for months) to get me interested and I told her I had no…[Read more]

]]> 6f3e52653abf3486d86efe61befd6d04 babu88 replied to the topic Hybrid Trust to buy a negative gearing property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4380411-hybrid-trust-to-buy-a-negative-gearing-property/#post-4517514 Fri, 27 May 2005 12:59:34 +0000 Just with your comments below:

“The brief answer to this is that when the property becomes net positive cash flow in the future, the trust will then borrow the funds to re-purchase the units from the one who owns them (this person will pay out his loan with the bank).”

I read that in Trust Magic as well and was trying to work out how it would…[Read more]

]]> a2be6c8381a044d71f117d67bc94560c babu88 replied to the topic Hybrid Trust to buy a negative gearing property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4380411-hybrid-trust-to-buy-a-negative-gearing-property/#post-4517509 Tue, 24 May 2005 22:48:45 +0000 1. In relation to distribution of income, I can understand that for the purpose of claiming deduction on interest of the loan you must have used that loan for income producing purposes. However, in light of HDT is it still possible to distribute some income to other benefeciaries other than the member who borrows from the bank? Can anyone comment…[Read more]

]]> ae3015d34cd68067343cdc517e0102bd babu88 replied to the topic NAVRA Course in the forum General Property https://www.propertyinvesting.com/topic/4380357-navra-course/#post-4517197 Mon, 23 May 2005 21:38:34 +0000 I went to a free talk by Steve, organised by people in the Sydney Group in the somersoft forum at the beginning of this year (I think) and then attended his course (cost around $170) this month. The contents of the both are the same, but with the course I got copies of the slides and a free financial check / assessment (after the course) with…[Read more]

]]> bf8758d3b238c9783a2e1677633135be babu88 replied to the topic Wanted to increase rent, but agent said no! in the forum No Subject https://www.propertyinvesting.com/topic/4380065-wanted-to-increase-rent-but-agent-said-no/#post-4514649 Tue, 17 May 2005 03:28:36 +0000 Thanks, Luci, for your reply. Have thought about the points you mentioned.

]]> f3b601f790e4a61519ca89b20d24bb23 babu88 replied to the topic Wanted to increase rent, but agent said no! in the forum No Subject https://www.propertyinvesting.com/topic/4380065-wanted-to-increase-rent-but-agent-said-no/#post-4514646 Fri, 06 May 2005 11:19:22 +0000 Thanks, Jason. I have done similar number exercise like you. I think the agent knows that I have a mortgage and therefore I will panick if the unit is vacant for too long. Now I have to wait to hear the response from the tenants – and the result won’t be known for another 2 months. When tenants want to vacate they give 30 days notice and when…[Read more]

]]> c9e73be03c2cae016bcf9866d79903dd babu88 replied to the topic Wanted to increase rent, but agent said no! in the forum Help Needed! https://www.propertyinvesting.com/topic/4380065-wanted-to-increase-rent-but-agent-said-no/#post-4514643 Thu, 05 May 2005 11:51:40 +0000 Thanks, all, for all the good advices. Late this afternoon agent phoned to say he would do the letter to the tenants and there is a 30 days for tenants to respond, another 30 days after that tenants either move out or agree to pay the increased rent. So, there is at least 60 days wait before I find out the result.

]]> 36078ca2bd7be6573791bdfbfb796309 babu88 replied to the topic Wanted to increase rent, but agent said no! in the forum Help Needed! https://www.propertyinvesting.com/topic/4380065-wanted-to-increase-rent-but-agent-said-no/#post-4514638 Thu, 05 May 2005 03:02:12 +0000 Thank you, Peter, for your reply. My unit is exactly the same as the one next door (with the higher rent). She has not done any improvement to it. I have been to her unit previously. All the units in the front were built identical in layout etc, and the ones in the back were built identical (they have lower rent because outlook is not as…[Read more]

]]> 5bd625b0cde8a160cb23f6915bc20bf0 babu88 replied to the topic Wanted to increase rent, but agent said no! in the forum Help Needed! https://www.propertyinvesting.com/topic/4380065-wanted-to-increase-rent-but-agent-said-no/#post-4514636 Thu, 05 May 2005 00:29:51 +0000 Thank you, Wylie and Terry, for your comments. They are very useful for me to think about what I should do. The agent said to me what would happen if the tenants would not pay the increased rent and move out. I said then I would be prepared to find new tenants. While that is happening, I will probably find a new agent and repaint the place.…[Read more]

]]> b32493516af4d7caa49fb4edb716c83b babu88 replied to the topic Book Launch... You're invited! in the forum No Subject https://www.propertyinvesting.com/topic/4375931-book-launch-youre-invited/#post-4489359 Thu, 09 Sep 2004 01:34:13 +0000 I would like to come to the book launch in Sydney very much. However, that day we will be driving back to Sydney from Melbourne – so sorry to miss it.

]]> 41f1b390ff71ba800ee09532c94ec618 babu88 replied to the topic PMs at Tax Time.. in the forum No Subject https://www.propertyinvesting.com/topic/4375035-pms-at-tax-time/#post-4483171 Mon, 19 Jul 2004 03:30:41 +0000 My PM automatically sent me an end of year summary and charged me $25 for the privilege. I have written and told him ‘please do not send any more next year because I am a good record keeper’. I hope he remembers. Our church PM also sent out an end of year summary and charged us for it (also $25) – even though I have told her two years in a row…[Read more]

]]> 09e4366ac7a5cfbf90e0732ad13af058 babu88 replied to the topic Free Seminar, Sydney: "Financial Superstars" in the forum Heads Up! https://www.propertyinvesting.com/topic/4374059-free-seminar-sydney-financial-superstars/#post-4476222 Thu, 08 Jul 2004 07:28:51 +0000 I ended up not going to the seminar because girlfriend pulled out and I had to study. Anyway, this is what Neil Jenman said –

THREE DAYS, THREE SEMINARS & AT LEAST THREE MILLION
How a gang of American spruikers is fleecing Aussies.

Here’s how an American seminar gang is pulling off a multi-million dollar spruiking heist in Australia.

They b…[Read more]

]]> 14145d8dbb6394e5d863d9cb2e817baa babu88 replied to the topic Free Seminar, Sydney: "Financial Superstars" in the forum Heads Up! https://www.propertyinvesting.com/topic/4374059-free-seminar-sydney-financial-superstars/#post-4476215 Fri, 11 Jun 2004 04:46:49 +0000 Hi Kay

I have got 2 tickets to the seminar. I have offered it to a friend but have not heard from him yet. If he declines, then you can have them. I have registered by phone with these people, so won’t need the tickets sent to me. I will let you know after I hear from my friend.

Agree, one can always learn one or two new things from a free…[Read more]

]]> 4d4cfc21625203da51624daefa72fb8e babu88 replied to the topic Free Seminar, Sydney: "Financial Superstars" in the forum Heads Up! https://www.propertyinvesting.com/topic/4374059-free-seminar-sydney-financial-superstars/#post-4476213 Thu, 10 Jun 2004 13:14:18 +0000 I have registered for this seminar and will attend it – but not sure if I will stay for the whole day. However, for those who have doubts about the seminar then below is the view of ASIC on this seminar. I will go with a cautious mind.

http://fido.asic.gov.au/fido/fido.nsf/print/FIDO%27s+invited+to+an+investment+seminar?opendocument

FIDO’s…[Read more]

]]> dc3f4a8b68c292caa1fe7c859e95ab13 babu88 replied to the topic William D Danko's seminar in the forum Heads Up! https://www.propertyinvesting.com/topic/4374136-william-d-dankos-seminar/#post-4476792 Mon, 31 May 2004 23:05:07 +0000 Hi there, I got 2 tickets for the seminar in the post as well. It must have been from one of the crowds I registered at one of the Property Expo events. I also saw the “free” seminar ad in the SMH and it is called “Financial Super Stars”, advertising John McGrath and William Danko as speakers. It is on Saturday 3rd July in Darling Harbour from…[Read more]

]]> 4a245f956dc8679c4281c26ac6d44652 babu88 replied to the topic Free Seminar, Sydney: "Financial Superstars" in the forum Heads Up! https://www.propertyinvesting.com/topic/4374059-free-seminar-sydney-financial-superstars/#post-4476210 Fri, 28 May 2004 07:47:10 +0000 Hi Terry

I also spotted the ad and phoned the 1800 number to register for it out of curiosity. They told me they had a website http://www.nationalrealestateinvestors.com. I looked it up and it is a US site. I don’t know who in Australia is behind this. I may attend to see what it is all about – however, I suspect that they will probably pressure…[Read more]

]]> d69e5e49df2519957d7186cb7ea495f5 babu88 replied to the topic New Posts in the forum Site Problems / Feedback https://www.propertyinvesting.com/topic/4373882-new-posts/#post-4474884 Fri, 21 May 2004 21:54:05 +0000 Many thanks for the reply and helpful solution[specool]. It worked – what I wanted to do. I am such an “idiot”, did not even look at the “active topics”. Now I don’t have to scroll through each forum one by one.

]]> 1aecdf71de394ee9898314141a5328c4 babu88 replied to the topic Stamp duty deductions in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4373866-stamp-duty-deductions/#post-4474760 Fri, 21 May 2004 11:03:29 +0000 No, stamp duty cost on the purchase of an IP is not tax deductible. It forms part of the cost base for CGT when the property is sold in the future.

]]> 01eff23459a9bcb3c551e57228efc754 babu88 replied to the topic Cross-Collaterisation in the forum Finance https://www.propertyinvesting.com/topic/4372719-cross-collaterisation/#post-4466571 Thu, 15 Apr 2004 10:52:02 +0000 I experienced a similar (potential) problem with CBA in their wanting to cross-collateralise and cross-securitise everything. We applied for a loan in my partner’s name (amount less than $220K) for a new investment property to be owned by a hybrid discretionary trust and CBA put in their loan schedule that the security to be given will be: our…[Read more]

]]> 4f615dd1c04cc59c9749de1088ea3cec babu88 replied to the topic ACCOUNTANT in the forum No Subject https://www.propertyinvesting.com/topic/4372493-accountant-7/#post-4464826 Thu, 01 Apr 2004 01:40:58 +0000 I live in Sydney but use Dale Gatherum Goss in Melbourne http://www.gatherumgoss.com. However, I know Dale has recommended Nick Moustacas in Sydney http://www.strategicwealth.com.au. I could have used Nick but I had contacted Dale before I met Nick. These 2 guys are well versed in setting up trust structure for property investments.

]]> ae7c6337b88466ecd981000c7cc1ab6e babu88 replied to the topic Trust Seminar Summary in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366363-trust-seminar-summary/#post-4418990 Fri, 11 Jul 2003 09:24:53 +0000 Hi All,

I also attended the Family Trusts seminar by Perpetual Trustees. To me, it was fairly basic knowledge as I have done further reading on the subject. They do not set up trusts (you probably have to see a lawyer for that) – they only act as trustee for the trust once it is set up, hence collect the fee for administering the trust for…[Read more]

]]>