PropertyInvesting.com | BanjoSmyth | Activity https://www.propertyinvesting.com/members/banjosmyth/activity/ Activity feed for BanjoSmyth. Tue, 14 Apr 2026 22:59:17 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 8f9b16a4abe77954c632590f54556f4d BanjoSmyth replied to the topic Hitler Misses Investment Opportunity and He Isn't Very Happy! in the forum General Property https://www.propertyinvesting.com/topic/4396903-hitler-misses-investment-opportunity-and-he-isnt-very-happy/#post-4607239 Wed, 12 Aug 2009 06:16:55 +0000 Glad you liked it guys!Send the link to your friends and share the laughs!http://www.youtube.com/watch?v=yqkn1tviGMM

]]> 8f541c6b23c02ba9677dbcf15f2fd57e BanjoSmyth replied to the topic Tips for a 17 year old - Getting into property investing in the forum Help Needed! https://www.propertyinvesting.com/topic/4395605-tips-for-a-17-year-old-getting-into-property-investing/#post-4600457 Sat, 07 Mar 2009 02:07:10 +0000 wealth4life.com wrote:
Seddar …The difference between the rich and poor is knowledge.

I tend to disagree slightly – I believe The difference between the rich and poor is not Knowledge BUT the application of knowledge.I know plenty of people that told me the stock market was over priced a year and a half ago but how many of them took advantage…[Read more]

]]> 555c3f9d0b028d42afd1835447ce38a3 BanjoSmyth replied to the topic Seminars - a waste of time! in the forum Help Needed! https://www.propertyinvesting.com/topic/4394520-seminars-a-waste-of-time/#post-4594640 Wed, 22 Oct 2008 09:25:29 +0000 Hi mateI have had some really good experiences with seminars.I come from a family that knew nothing about investing so i found it really hard to find people who i could learn from and trust.  I purchased my first investment property 3 months after going to my first property seminar.  It definitely gave me the confidence and the skills to know i c…[Read more]

]]> 3ba402c0ead0bcab4f1f8165faf36ee4 BanjoSmyth replied to the topic renovating for rents, renovating to sell - different priorities? in the forum Value Adding https://www.propertyinvesting.com/topic/4392445-renovating-for-rents-renovating-to-sell-different-priorities/#post-4583379 Wed, 03 Sep 2008 13:56:00 +0000 Hi guysI think most things are pretty similar.The main differences would be bigger things that don't necessarily affect renters.eg.  structural, wear and tear on building, gutters, decking etc.On one hand its easier to please buyers because they  know that the can change it if they want to.  But at the moment renters can't really be to fussy :)Cheers…[Read more]

]]> eed24c87c24ba9bde65a18fd9544b080 BanjoSmyth replied to the topic Rental Apprasial in the forum General Property https://www.propertyinvesting.com/topic/4394138-rental-apprasial/#post-4592455 Tue, 02 Sep 2008 12:27:54 +0000 Hi KenzelYou definitely shouldn't be charged.It's always interesting to get 3-4 different appraisals and to see how they differ.  Even if you are planning on managing the house yourself you should still get multiple appraisals.  Make the real estate agents earn their money :)Cheers Banjo

]]> 2114e4dc452c380a24695e57eea7b860 BanjoSmyth replied to the topic First Home Owner in the forum Help Needed! https://www.propertyinvesting.com/topic/4394037-first-home-owner-2/#post-4591962 Thu, 21 Aug 2008 14:02:21 +0000 Hi MateCongratulations on being motivated at such a young age.The first thing to consider is the 'first home owners grant' (or whatever it is called these days :)If you buy an investment property you won't be able to claim the grant.  To make it worse when you do buy your first PPOR you won't be able to claim it either because you will have already…[Read more]

]]> 453ef052d8e9fd3ba906bf9afaca20d9 BanjoSmyth replied to the topic cold feet with timber floor? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394041-cold-feet-with-timber-floor/#post-4591982 Wed, 20 Aug 2008 13:13:21 +0000 Yes floor boars can be cold in winter but you can always put some rugs down.The great thing about floor boards is that you don't have to worry about stains etc like carpet.I think it comes down to personal choice. My prefernce is floor boards in living areas an carpet in the bedrooms.I love themodern look that floor boards bring!Good LuckBanjo

]]> 757048511de9d2a7200acc606b46ad17 BanjoSmyth replied to the topic Which unit in a block is most valuable?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392389-which-unit-in-a-block-is-most-valuable/#post-4583108 Tue, 19 Aug 2008 14:25:42 +0000 Hi mateI guess i am a bit late with my response :)But i was going to suggest that you think about what direction they are facing?Getting the morning and afternoon sun in the right areas can make a huge difference to they feeling of a house.Cheers Banjo!ps best of luck with your 2 new properties!

]]> a9d6d8514e432ce5f96860096e9c0a2d BanjoSmyth replied to the topic acessing someone elses equity. in the forum Help Needed! https://www.propertyinvesting.com/topic/4394003-acessing-someone-elses-equity/#post-4591764 Thu, 14 Aug 2008 14:06:17 +0000 Hi mateSt George have a product called 'Family Pledge' Loan.You will need to look into the details but the basic deal is this.A family member who has equity in their property will go guarantor for the deposit on your new property.eg.  Lets say you wanted to buy a $300k property then your mum (in this case) would go guarantor for the $60k deposit…[Read more]

]]> ca8ad1ca0f48d2358fdc14b0603ee4f5 BanjoSmyth replied to the topic Where to start?? in the forum Value Adding https://www.propertyinvesting.com/topic/4393931-where-to-start-28/#post-4591404 Wed, 06 Aug 2008 11:04:32 +0000 Hi tuggaBy the sounds of it you are planning to basically re do the kitchens but you can make a big improvement without doing too much damage.By simply redoing doing the – cupboard doors (you can normally sand and paint these – you can even get laminex paint these days)- stove, dishwasher etc – Bench tops (these are very easy to put on top of the…[Read more]

]]> 017713507b34a877edd05f05d203071a BanjoSmyth replied to the topic Managing your own properties in the forum Help Needed! https://www.propertyinvesting.com/topic/4393930-managing-your-own-properties/#post-4591384 Mon, 04 Aug 2008 15:06:39 +0000 Hi tuggerwaughI manage my own properties and it is fairly easy to set up.  you will need to get a 'Residential Tenancy Agreement' and a Condition report but it is very easy to find them on the internet for under $50 (PM if you need any help finding a good site).  Organizing the bond couldn't be simpler, it literally takes a few minutes on the i…[Read more]

]]> abfe55e5a87a9648196f7a62e85d85af BanjoSmyth replied to the topic A lesson in tennants and property managers...... in the forum General Property https://www.propertyinvesting.com/topic/4393929-a-lesson-in-tennants-and-property-managers/#post-4591374 Sat, 02 Aug 2008 16:29:13 +0000 Another positive post from Scamp You should definitely get another agent!!! Don't mess around – Especially because you aren't close by to the properties!Cheers Banjo Smyth

]]> fdbb123dfca1e05e5c1f896132f5d7f9 BanjoSmyth replied to the topic Is it worth getting a second house? in the forum Help Needed! https://www.propertyinvesting.com/topic/4393895-is-it-worth-getting-a-second-house/#post-4591172 Wed, 30 Jul 2008 16:09:08 +0000 Hi Jonasi think the strategy you are thinking of is as follows.What most real estate investors do is to try and build up a 'buffer zone' of equity.  In your case you have built up a buffer zone of $200k.  The next step would be to get a line of credit so that you have access to that money (you will only need to pay interest on this money if you a…[Read more]

]]> 9d10a5d06013feeea812991311979254 BanjoSmyth replied to the topic vacant land vs house/unit in the forum Help Needed! https://www.propertyinvesting.com/topic/4393883-vacant-land-vs-houseunit/#post-4591119 Tue, 29 Jul 2008 15:36:55 +0000 Hi guysI doubt you will get any tenants who are willing to pay to much rent for a block of land – Unless the own a swag :)The lack of income is clearly a huge factor.If you are simply a normal everyday investor I don't think you can go past a land/home package. I have heard of some more advanced strategies which basically involves buying land of the…[Read more]

]]> 06abf29fae7bad8d874eb0ad64c0fb36 BanjoSmyth replied to the topic To Sell Or Not To Sell? in the forum Help Needed! https://www.propertyinvesting.com/topic/4393864-to-sell-or-not-to-sell-17/#post-4591053 Mon, 28 Jul 2008 16:22:47 +0000 Hi mateHow are you (or more importantly – how much longer do you intent to work for)?I would only be selling if you are getting close to retirement and looking at lowering your debt and repayments.  I assume you bought the properties will long term capital gains in mind so unless you are really worried about the current market conditions I would…[Read more]

]]> 4a27f3f699766acf4be81926a8ee297f BanjoSmyth replied to the topic Apartments in Hawthorn, Vic in the forum General Property https://www.propertyinvesting.com/topic/4393826-apartments-in-hawthorn-vic/#post-4590855 Wed, 23 Jul 2008 11:58:22 +0000 HiI think that a good quality 2 bedroom unit in hawthorn for under 300k would be a great Investment.The main problem would be finding something that ticks all the boxes but is still in your price range.  Let us know how you go.Best of luckCheers Banjo SMyth

]]> d3b1504f4a47f055a7ef8d7d2abd8db4 BanjoSmyth replied to the topic cash positive unit in the forum Hi Wade Where is the https://www.propertyinvesting.com/topic/4393806-cash-positive-unit/#post-4590751 Mon, 21 Jul 2008 15:18:36 +0000 Hi WadeWhere is the Property?There is nothing wrong with investing in a unit but it depends on where it is located.The general rule with negative and positive geared properties in Australia is that the negatively geared properties  = more capital growthpositively geared properties  = less capital growthObviously there are some exceptions, but y…[Read more]

]]> ff9d4a565fb642523b6cb4234db179b8 BanjoSmyth replied to the topic Floor in addition is 2.5 in. higher that floor in living room. in the forum Value Adding https://www.propertyinvesting.com/topic/4393805-floor-in-addition-is-2-5-in-higher-that-floor-in-living-room/#post-4590749 Mon, 21 Jul 2008 15:05:40 +0000 Hi HelenIs there a doorway between the rooms? Or have you knocked out a wall and there is a 2.5 inch drop for the whole 12ft?I think a really nice reducer would probably be the best bet (sometimes they can look a bit tacky – but if done well they are great)There is nothing wrong with a little step butl it may become a bit of a trip hazard?Good…[Read more]

]]> c8ade39d9609965a653386dfcf0aec06 BanjoSmyth replied to the topic Too adventurous or not in the forum General Property https://www.propertyinvesting.com/topic/4393803-too-adventurous-or-not/#post-4590739 Mon, 21 Jul 2008 14:58:20 +0000 Hi mateWhen increasing your property portfolio it is vital that you have created a buffer zone.  For whatever reason be it injury, illness downturn in the market.  Remember if you only loose real money when you are forced to actually sell the property, so if you have created a big enough buffer to withstand a market drop you should be fine in t…[Read more]

]]> f14ce41e698a7642d11bd2245e60925c BanjoSmyth replied to the topic Live off Equity ? in the forum General Property https://www.propertyinvesting.com/topic/4393786-live-off-equity/#post-4590673 Mon, 21 Jul 2008 14:51:14 +0000 Hi ErikCongratulations a a great effort.  Its most peoples dream to won a property portfolio and you have actually achieved it!!From reading your post it seems like you answered your own question.  Hold on to as many as possible and start searching for the best way to refinance.  With a little outside the square thinking I'm sure you will be ab…[Read more]

]]> 9d3b68e7f290da882bc1a332a68068a7 BanjoSmyth replied to the topic Structural damage worth investing in or not ??? in the forum Value Adding https://www.propertyinvesting.com/topic/4393491-structural-damage-worth-investing-in-or-not/#post-4588944 Wed, 16 Jul 2008 15:41:52 +0000 I would definitely recommend that you get a professional builder to give you a quote on fixing all structural damage.  Whatever their quote is add on an extra 20-50% and see if you still think the property is a good buy.  eg.  house valued at $250kbuilders quote $30k plus an extra $15k just in case something goes terribly wrongasking price $1…[Read more]

]]> d9f60fd803b0319292fadea9393463de BanjoSmyth replied to the topic Value Adding - Grany Flats in the forum Value Adding https://www.propertyinvesting.com/topic/4393763-value-adding-grany-flats/#post-4590446 Wed, 16 Jul 2008 15:31:40 +0000 Hi Bonds I think Daedalus makes a reasonable point.  If you were thinking of doing some improvements to increase the overall value of the property that is great but it might be a little more difficult when trying to rent out the granny flat.  Assuming that you can get permission etc you would have to ask yourself two questions1.  Would you lik…[Read more]

]]> 58f9bd419ed4bd204fd080b9d1e3bdb5 BanjoSmyth replied to the topic Private Rent vs Agent Managed in the forum General Property https://www.propertyinvesting.com/topic/4393743-private-rent-vs-agent-managed/#post-4590342 Wed, 16 Jul 2008 15:21:22 +0000 Hi JJust the other day i posted an article on my blog about this exact question.  Ive posted it below if your interested :)CHAPTER 8.  LEASING YOUR PROPERTYWhen you are leasing out your property you will be faced with two main options. You can either employ a real estate agent and let them do all the work for you – or you can rent it out yourself. < …[Read more]

]]> 7be4b9923740c896a5b1191961e99aae BanjoSmyth replied to the topic Any Full Time Investor / Property? in the forum Wealth Accumulator wrote:Hi https://www.propertyinvesting.com/topic/4393705-any-full-time-investor-property/#post-4590146 Mon, 14 Jul 2008 14:53:09 +0000 Wealth Accumulator wrote:
Hi To be a full time property investor – and survive – that is have money to eat and have a house to live in you would need a property portfolio worth over at least $2 million with no debt.  As net residential property returns are about 2% this means you would get about $40000 from such a portfolio – hence you probably…[Read more]

]]> 969bf7bd9b892c5dd3f61f151f348b07 BanjoSmyth replied to the topic Rendering a Dated Brick House in the forum Value Adding https://www.propertyinvesting.com/topic/4393648-rendering-a-dated-brick-house/#post-4589832 Thu, 10 Jul 2008 03:18:27 +0000 Hey mateRendering looks very even and perfect where as bagging has more of a rough nature look.  If you were to paint it a different colour this would change but depending on the location of the house i like the rustic look.  I have never rendered a property but i think it would take much more skill and precision where are with bagging you just &…[Read more]

]]> 3a672587a5f350ea77329d16c7af1414 BanjoSmyth replied to the topic MAKING AN OFFER ON PROPERTY IN VIC WITH NO/LITTLE DEPOSIT in the forum Help Needed! https://www.propertyinvesting.com/topic/4393702-making-an-offer-on-property-in-vic-with-nolittle-deposit/#post-4590129 Thu, 10 Jul 2008 03:06:56 +0000 There are no rules for this situation.A deposit bond is a good idea or at the very minimum you should try and get $5000 for the deposit.  Have you thought about how you are e going to pay the taxes and legal fees?  Cheers Banjo Smyth

]]> 2f0eef053d5b624929d3efabfdf8eb68 BanjoSmyth replied to the topic Investing in property with friends in the forum Help Needed! https://www.propertyinvesting.com/topic/4393695-investing-in-property-with-friends/#post-4590095 Thu, 10 Jul 2008 03:02:50 +0000 Hi sjbeaveSounds like a great idea especially if you both have different skills and knowledge that you can use.  The most important thing you do is talk about your long term plans for the property and how you would react in different situations.  For instance if one of you moved overseas, or stopped working and wanted to sell the house.  I wo…[Read more]

]]> 8a50a6e5bb8233158b2f0f706c36b2de BanjoSmyth replied to the topic Rendering a Dated Brick House in the forum Value Adding https://www.propertyinvesting.com/topic/4393648-rendering-a-dated-brick-house/#post-4589830 Tue, 08 Jul 2008 07:00:07 +0000 Hi LukeRendering might be a good job for a pro but bagging can be done by anyone.  All you need is some patience and a bit of time!  This is a picture of an investment property that i have just finished bagging. 

]]> 0b9f5f25b74991b6026b889ae0686e03 BanjoSmyth replied to the topic Houseing Affordability Scheme in the forum General Property https://www.propertyinvesting.com/topic/4393690-houseing-affordability-scheme/#post-4590069 Tue, 08 Jul 2008 06:45:29 +0000 Hi KenzelWhere have you heard about this scheme?  Normally http://www.sro.vic.gov.au it the place to go for that sort of information (first home owners etc) but i couldn't find anything? Best of luckCheers Banjo

]]> 3628f55db882bcee807bd27b7208e5cc BanjoSmyth replied to the topic Property Secrets in the forum General Property https://www.propertyinvesting.com/topic/4393652-property-secrets-5/#post-4589885 Fri, 04 Jul 2008 04:53:03 +0000 HiNo i haven't but their site looks reasonable.  I would love to know how you go with them?  Are they just coaches or do they source properties as well?Cheers Banjo Smyth

]]> 85ce7c93372e16ff336dbe0ff9a23235 BanjoSmyth replied to the topic Bathroom reno in the forum Value Adding https://www.propertyinvesting.com/topic/4393496-bathroom-reno/#post-4588981 Mon, 30 Jun 2008 11:13:36 +0000 Hi nucopiaI recently renovated one of my properties and rather than replacing the tiles in the kitchen and bathroom i used 'White Knight' tile paint.  I did the whole bathroom in White and the Kitchen in a nice red.  Looks great!  The only thing i would worry about is the longevity? but if you prepare the surface properly i think it is pretty lo…[Read more]

]]> a11278757e4cca09597d807fd431860a BanjoSmyth replied to the topic Sell and lose or hold and lose? in the forum Help Needed! https://www.propertyinvesting.com/topic/4393621-sell-and-lose-or-hold-and-lose/#post-4589657 Mon, 30 Jun 2008 10:57:46 +0000 I think the answer is simple.  If you can afford to hold onto it then you should.  There would be little point in selling it and then buying a new place as the transaction costs would be too high.  But on the other hand if you will struggle to hold onto the property then you should consider selling.  But Property should always be looked at in the…[Read more]

]]> 2879decf701587f44d7503cdc5417752 BanjoSmyth replied to the topic buy, rent, or re-mortgage in this market ? (sydney) in the forum Jon Chown wrote: You have to https://www.propertyinvesting.com/topic/4393619-buy-rent-or-re-mortgage-in-this-market-sydney/#post-4589649 Mon, 30 Jun 2008 10:51:27 +0000 Jon Chown wrote:
You have to be kidding TT552.   Jon

Thanks for your common sense Jon.  I also believe you would be crazy to sell – especially considering you income is relativity high.  Hold on to the properties and enjoy the rewards in the future!Cheers Banjo

]]> dae57334421ab46637d24d64c3afca88 BanjoSmyth replied to the topic robert kiyosaki in the forum Opinionated! https://www.propertyinvesting.com/topic/4393548-robert-kiyosaki-3/#post-4589277 Sat, 28 Jun 2008 03:40:14 +0000 I think his books are great, and they have taught me many great lessons.  There are always going to be people who are negative and try to 'cut down' people who have been successful.  Surely he is to be applauded for bringing these great ideas into so many peoples life.Cheers Banjo

]]> 97271e4307909fe2761d14702a9e6e52 BanjoSmyth replied to the topic how is possible still get positive gear property in the forum General Property https://www.propertyinvesting.com/topic/4393532-how-is-possible-still-get-positive-gear-property/#post-4589144 Wed, 25 Jun 2008 04:40:35 +0000 Hi TerranceYou need to think about why you want to buy the Investment property?  Generally the properties that are more likely to be positively geared aren't likely to increase in value as much as a negatively geared property.  Like Chis said, you may be able to find a positively geared property in a rural/mining town – but in 10 years time the p…[Read more]

]]> 3a8cff1d1fa71cd263f937d0a150a369 BanjoSmyth replied to the topic Is there any way for me to take advantage of the first home owners grant??? in the forum Help Needed! https://www.propertyinvesting.com/topic/4393556-is-there-any-way-for-me-to-take-advantage-of-the-first-home-owners-grant/#post-4589347 Mon, 23 Jun 2008 04:53:17 +0000 Hi AtevansThanks for your posts . . . very interesting!Cheers Banjo Smythps. good luck 'notsolucky'

]]> ea1a783edfa47aa04302148c9b6d0096 BanjoSmyth replied to the topic Rent to Buy Query in the forum Creative Investing https://www.propertyinvesting.com/topic/4393463-rent-to-buy-query/#post-4588751 Thu, 19 Jun 2008 12:49:25 +0000 Hi MareeRick Otton is the main person in Australia who deals with that sort of thing.  I think there is some info at the below website but if not just Google his name and I'm sure you will find heaps of info!Cheers and good luck Banjo

]]> e2fba623bd01ca9fe28dc911949fda70 BanjoSmyth replied to the topic Lilydale Topping in the forum Value Adding https://www.propertyinvesting.com/topic/4393238-lilydale-topping/#post-4587578 Thu, 19 Jun 2008 12:41:28 +0000 Very interseting Winzer.I had no idea it actually originated in Lilydale!All i know is that if you dont 'roll it' or use a 'wacker' to compress the topping it will end up everywhere if it rains!I learnt the hard way :(Banjo 

]]> ac45cb71840f334251d7236368ec2f69 BanjoSmyth replied to the topic Reno budget / advice needed plz in the forum Value Adding https://www.propertyinvesting.com/topic/4393344-reno-budget-advice-needed-plz/#post-4588174 Mon, 16 Jun 2008 13:03:48 +0000 Great work mateI look forward to some 'before and after' shots!The strategy you talk about is my favorite!  I find it funny when people talk about the 'lack of liquidity' in Property Investing.  But after you have refinanced or have a line of credit the equity in your property becomes a very versatile investment tool.In a way it has more f…[Read more]

]]> 9bec9780001d0aa328a13654de3e6318 BanjoSmyth replied to the topic Reno budget / advice needed plz in the forum Great  Work Miike How is it https://www.propertyinvesting.com/topic/4393344-reno-budget-advice-needed-plz/#post-4588172 Sat, 14 Jun 2008 15:17:50 +0000 Great  Work MiikeHow is it coming along? Are you planning on selling the unit after the 12 months of PPOR is finished or are you going to hold onto it?  I like the idea of holding onto properties long term (if you can afford the repayments).  And remember if the property does increase in value as you expect it to you can still get access to th…[Read more]

]]> d3e600f6aba993bb67ebc4188c86d8de BanjoSmyth replied to the topic ASIC update on Jamie Mcintyre in the forum Heads Up! https://www.propertyinvesting.com/topic/4380930-asic-update-on-jamie-mcintyre/page/3/#post-4521225 Fri, 13 Jun 2008 15:06:11 +0000 freeman cooper wrote:
Hi All, I have One thing to say about Jamie peddling his wares. Show us your guarantee. He says that we can achieve great things if we pay to do some course, prove it and guarantee it, unconditionally.

haha I love it!!!If anyone could guarantee 100% success then they would be a liar.  Surely the success of all education…[Read more]

]]>