PropertyInvesting.com | banderos | Activity https://www.propertyinvesting.com/members/banderos/activity/ Activity feed for banderos. Wed, 15 Apr 2026 02:33:17 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 c4e2486112f47b53d892c3fba5bf6b12 banderos replied to the topic Partnership Issues in the forum Help Needed! https://www.propertyinvesting.com/topic/4381454-partnership-issues/#post-4524470 Wed, 10 Aug 2005 05:25:10 +0000 Thanks JKM that was a very helpful post, exactly the kind of information I was looking for.

Since buying this property I have learnt a lot about structuring and would also not use a partnership structure again.

To the people who insisted on suggesting I seek legal counsel, my view is this is technically correct yet practically useless…[Read more]

]]> c3ad4cc07cabcb1b919d3e20077a34c8 banderos replied to the topic Partnership Issues in the forum Help Needed! https://www.propertyinvesting.com/topic/4381454-partnership-issues/#post-4524465 Tue, 02 Aug 2005 03:22:20 +0000 Megan,
Thanks but my question was very specifically enquiring as to the legal ability of one party to force a sale. If I wanted to pay for a lawyer before asking for some general information here I wouldn’t be a very good investor!
Ben

]]> efc4014fed1678b8fc2b213b033028d5 banderos replied to the topic STEVE'S SEMINAR - THE FEEDBACK in the forum Heads Up! https://www.propertyinvesting.com/topic/4375143-steves-seminar-the-feedback/page/2/#post-4483998 Mon, 26 Jul 2004 23:56:31 +0000 Hi All,

My first seminar of Steve’s also. I found it very good value for money, but I would add a qualifier saying the seminar will be completely valueless if I don’t take any action from it!

The main reason I signed up is I was in the position of many people (confirmed by chatting to others at the seminar) of wondering what to do now the boom…[Read more]

]]> ad6d596c9c278a8a2c5c784f9f67595a banderos replied to the topic Trusts for NZ Purchase? Why in the forum Help Needed! https://www.propertyinvesting.com/topic/4374503-trusts-for-nz-purchase-why/#post-4479545 Fri, 18 Jun 2004 06:12:21 +0000 Originally posted by GreatPig:
Originally posted by Terryw:
So even tho there is no CGT in NZ, they will have to pay CGT in Australia on any gain
I believe this is the case. However, I’ve had suggested to me that to avoid that you can invest in NZ through a NZ-based trust and if necessary distribute capital gain to NZ beneficiaries (perhaps a…[Read more]

]]> 60ffc6c4dda9c9826117363900fb81f7 banderos replied to the topic What type of property investor are you??? in the forum No Subject https://www.propertyinvesting.com/topic/4374479-what-type-of-property-investor-are-you/#post-4479425 Fri, 18 Jun 2004 05:21:52 +0000 Bit of a digression, but I like the characterisation of investors that Kiyosaki uses (he borrowed and adapted it from someone else originally).

Bit complicated to explain here but many of you would have read about it.

The idea is there are 7 levels starting at zero and should be at least a level 4 if you expect to do well with investing. Level 4…[Read more]

]]> e38f780aea7258e1d5498f715ccde1c7 banderos replied to the topic Buyers Agents in the forum No Subject https://www.propertyinvesting.com/topic/4374506-buyers-agents-8/#post-4479560 Fri, 18 Jun 2004 04:01:25 +0000 My views…

A buyer’s agent is a convenience certainly. But there are two main reasons to avoid using them if possible.

1) You don’t gain anywhere near as much experience in finding the investment. The whole process of looking is very educational especially when starting out. In the long run using a BA is a shortcut that will cost you valuable…[Read more]

]]> de17695f9694d5cfea6dc03c5c4eb90e banderos replied to the topic Landlord's insurance - Body Corporate in the forum General Property https://www.propertyinvesting.com/topic/4374472-landlords-insurance-body-corporate/#post-4479355 Thu, 17 Jun 2004 05:15:45 +0000 Hey,
To put it even more simply the body corp insures the building structure and anything on the exterior of the buildings and your job as owner is to insure the internal parts of the property, e.g. carpets, kitchen cupboards, other fittings etc.
I personally do not bother with rental income insurance as this is quite costly and the risk should be…[Read more]

]]> ad247f233cc3c5e552544c98b6e5d6b2 banderos replied to the topic Prediction in the forum General Property https://www.propertyinvesting.com/topic/4374491-prediction/#post-4479480 Thu, 17 Jun 2004 04:58:49 +0000 This post has me very interested… are we sure rents are going to rise? They seem to have been fairly stagnant for some time.
If this is true it could change my investment strategy. Instead of searching for the elusive +ve geared IPs it may be more worthwhile in the long run to pick properties that are close but will have more rental gains.

Ben

]]> 74bd033542a66b0a27008616c1381e9d banderos replied to the topic cash flow 101 in the forum General Property https://www.propertyinvesting.com/topic/4374352-cash-flow-101/#post-4478465 Fri, 11 Jun 2004 04:43:03 +0000 Some may find this a little strange, but since reading Rich Dad and not being ready to fork out for Cashflow I have started playing Monopoly again.
To my surprise I had a much deeper understanding of how to win from reading the book and in the first game was able to utterly destroy my opponents [baaa].
Seriously though, it shows how simple the…[Read more]

]]> 53def2f9896289a03775f7cf7bca6af7 banderos replied to the topic Five Year Plan in the forum General Property https://www.propertyinvesting.com/topic/4374266-five-year-plan/#post-4477790 Fri, 11 Jun 2004 03:13:30 +0000 Thanks Winandel,
I have only recently learned just how important this part is! As kiyosaki says success in the real world is based on co-operation not doing it solo.
Thanks for the encouragement Monopoly [biggrin]
Ben

]]> 51acbb1bf30d5adee5f37d85078340dd banderos replied to the topic Five Year Plan in the forum General Property https://www.propertyinvesting.com/topic/4374266-five-year-plan/#post-4477787 Fri, 11 Jun 2004 01:52:14 +0000 Have been working on this lately, but as someone mentioned I am still in a very steep part of the learning curve and this is subject to change.

I think goals should be specific where possible however, and should be looked at several times a week.

1) $500pw passive income in 5 years (any asset class)

2) Have a great network of…[Read more]

]]> b346dfee6bfbe0e30e2b8cbe096322df banderos replied to the topic ESC (Richmastery) ? in the forum Heads Up! https://www.propertyinvesting.com/topic/4374277-esc-richmastery/#post-4477895 Tue, 08 Jun 2004 13:02:47 +0000 Originally posted by westan:
Hi Muppet

as usual you have all the info,

i suppose being a dentist or for that matter a university student doesn’t disqualify you for finding good deals.

regards westan

It’s not just the fees it’s the contract terms I am not impressed with.
If your finance falls through you are still expected to pay the…[Read more]

]]> 2dd9f4a1c643729fc492c13157b2dbed banderos replied to the topic House prices to fall further in the forum No Subject https://www.propertyinvesting.com/topic/4374269-house-prices-to-fall-further/#post-4477854 Tue, 08 Jun 2004 12:58:04 +0000 Looks like balanced commments to me.
There wouldn’t be much point in him trying to influence the market with those comments – if he was he’d be so slick most people would miss it :)
Ben

]]> 1fc456a68ddb51692d70ef95b818a367 banderos replied to the topic Underaged Investing? in the forum Finance https://www.propertyinvesting.com/topic/4374257-underaged-investing/#post-4477710 Fri, 04 Jun 2004 13:32:37 +0000 My 2c worth Lil man,

Keep you eye on the goal and prepared to be BORED.
At 13 it is boring to save and develop good spending habits. But these skills will set you WAY apart from your friends.

Try and stay motivated by reading books and using the forums like this one.

Just think of staying committed to the goal as doing your future self a…[Read more]

]]> 2d5482256bd4734c92b605e5aaea56e1 banderos replied to the topic Bridging Loan or Alternative? (help!) in the forum Finance https://www.propertyinvesting.com/topic/4374235-bridging-loan-or-alternative-help/#post-4477520 Fri, 04 Jun 2004 01:41:37 +0000 Thanks all,
I’ll pass on the comments.
They do require finance to build but their home is worth more than the land. I suppose it doesn’t hurt to name figures. Say about 550k for the house, 415k for the land and 250k to build.
The reason I say rare is just because it’s the last good block in this part of rapidly developing western sydney, but for…[Read more]

]]> d1f791b961ecd536120df6d8a3e677ec banderos replied to the topic Sophisticated Investor in the forum General Property https://www.propertyinvesting.com/topic/4374211-sophisticated-investor/#post-4477332 Thu, 03 Jun 2004 08:25:51 +0000 Hey Petersemail,

Kiyosaki defines this and the other 6 levels of investor in his book Cashflow Quadrant.

Well worth buying the book IMO. Helps if you have read rich dad poor dad first.

cheers,

Ben Carbery

]]> 13aa066f9cf48e09bbb05436c0002352 banderos replied to the topic Negative Gearing Question in the forum General Property https://www.propertyinvesting.com/topic/4374233-negative-gearing-question-2/#post-4477512 Thu, 03 Jun 2004 08:23:00 +0000 If you purchase with two names on a contract, that’s automatically deemed a 50/50 partnership. I believe you can have a solicator draw up some documents to make it 70/30 or whatever you like but remember this will only split your income, NOT your liability. You are always 100% liable as a partner in a partnership (if you’re partner bails to Costa…[Read more]

]]> b1c5401314c9df546870190a53dbd805 banderos replied to the topic Body Corporate responsibilities in the forum No Subject https://www.propertyinvesting.com/topic/4374128-body-corporate-responsibilities/#post-4476735 Mon, 31 May 2004 11:34:51 +0000 Thanks All,
I will talk to my conveyancer.
It is a small block of 4 so should be able to get some action on a new BC – the agent’s in the area say this guy is notoriously bad!
cheers,
Ben

]]> 1f02907c8114cdfacd835d6813d71e47 banderos replied to the topic Multiplication By Division in the forum General Property https://www.propertyinvesting.com/topic/4374058-multiplication-by-division/#post-4476165 Sun, 30 May 2004 05:54:08 +0000 Steve,
Thank you so much.
By some strange co-incidence this month’s newsletter has helped answer the exact question I have been asking myself lately…should I sell and realise some of the capital gains I have made in the last 18 months or continue with a buy & hold (accumulate more debt) strategy.
This article really clarifies a few issues for…[Read more]

]]> 92b5411a6978b58fcebea6f0920deb5b banderos replied to the topic Selling your half of a parternship in the forum No Subject https://www.propertyinvesting.com/topic/4373969-selling-your-half-of-a-parternship/#post-4475489 Tue, 25 May 2004 01:07:35 +0000 Ok, thanks Michael.

Informal partnership simply means there is no additional formal agreement, only what is provided by law, so in this case I would be dependant upon the other party willing to sell.

]]> 5661f01acc8a7aac19e00f6d510ca3f3 banderos replied to the topic Buying site unseen in the forum General Property https://www.propertyinvesting.com/topic/4373842-buying-site-unseen-2/#post-4474634 Thu, 20 May 2004 09:39:16 +0000 I am a novice with limited experience, but I would think if you can’t inspect it yourself or have someone on your team who you can trust do it, then you are raising the risk of the investment substantially.

It is approaching gambling rather than investing IMO.

On the other hand, someone very experienced in buying property may be able to do this…[Read more]

]]> 243a4658d9738cf2d96a75247d9173a9 banderos replied to the topic <snip> in the forum General Property https://www.propertyinvesting.com/topic/4373636-snip/#post-4473035 Tue, 18 May 2004 07:54:54 +0000 I agree, in the words of someone, somewhere “It’s only the internet!”

(6)

]]> 537f2ea6bb7cd45821c2c83e34ca7451 banderos replied to the topic <snip> in the forum General Property https://www.propertyinvesting.com/topic/4373636-snip/#post-4473033 Tue, 18 May 2004 07:36:09 +0000 Yep, most of my posts need to be <censored>.

]]> 6cf9a7c3ad6a3f7774a0393b72601313 banderos replied to the topic ATO targets for 2003-2004 in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4373752-ato-targets-for-2003-2004/#post-4474032 Tue, 18 May 2004 06:33:23 +0000 Dunno, how many times have you been audited? :)

]]> be09b87a13df717af90566f69fcb9142 banderos replied to the topic Anyone buying RE this year and beyond? in the forum No Subject https://www.propertyinvesting.com/topic/4373720-anyone-buying-re-this-year-and-beyond/page/2/#post-4473826 Mon, 17 May 2004 05:11:29 +0000 Originally posted by SuperTed:
Will wait till after fed election when rates go up and prices continue there slow decline at a bit faster rate ;-)

Hehe, niceone superted. [tongue]

]]> c8d8c8f5f9eabe1ce135355429c1864e banderos replied to the topic restructuring in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4373690-restructuring/#post-4473460 Mon, 17 May 2004 04:29:23 +0000 Hi Terry

So, for option 1 above I would need some kind of redraw facility? My equity is tied up in a no frills mortgage without this.

For option 2 when you saw ‘additional security’ is it possible to use the equity to cover all purchase costs including the deposit?

]]> 4b4b267c9bd19c6446278adb73a68717 banderos replied to the topic restructuring in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4373690-restructuring/#post-4473458 Mon, 17 May 2004 00:57:02 +0000 Hi Terry,
Thanks for answering…
I will explain the scenario a little better.

I have just set up a trust and corporate trustee, but I have no investment capital. All I have is some equity in a property owned as an individual.

I find a property I want the trust to buy using that equity.
How would I go about this?

>If you have equity as an…[Read more]

]]> 92a89b6015aa53e64183fa5f3d83ec54 banderos replied to the topic <snip> in the forum General Property https://www.propertyinvesting.com/topic/4373636-snip/#post-4473031 Wed, 12 May 2004 12:32:18 +0000 <snip>

]]> 6a4ad355c49caa67ac9d148dbf164812 banderos replied to the topic newbie wrap packs in the forum Creative Investing https://www.propertyinvesting.com/topic/4373511-newbie-wrap-packs/#post-4471947 Tue, 11 May 2004 10:25:59 +0000 Hmmm, does that mean no?

]]> 1c5df847349319a0d2515cd36c803453 banderos replied to the topic Wrap Kit tax deductable? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4373594-wrap-kit-tax-deductable/#post-4472673 Tue, 11 May 2004 10:23:50 +0000 Right, so buying as an education tool prior to putting into action would not be deducatable as per education expenses?

]]> 8cbe598cb8fb97c7fcd7c91784b754fb banderos replied to the topic newbie wrap packs in the forum Creative Investing https://www.propertyinvesting.com/topic/4373511-newbie-wrap-packs/#post-4471945 Mon, 10 May 2004 04:56:34 +0000 Does either version include information applicable to all states in Australia?

]]>