PropertyInvesting.com | Ben K | Activity https://www.propertyinvesting.com/members/ben-k/activity/ Activity feed for Ben K. Mon, 13 Apr 2026 00:14:32 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 ead9c71d5a0493a272ab1a4ce8a0467a Ben K replied to the topic If you are renovating - do it wisely in the forum Value Adding https://www.propertyinvesting.com/topic/4402144-if-you-are-renovating-do-it-wisely/#post-4637815 Thu, 09 Dec 2010 06:58:53 +0000  the poor thing, lucky the kids came home

]]> c20ea00eea113f31e2ee2db004d01651 Ben K replied to the topic Wider Motivations for Investing in the forum General Property https://www.propertyinvesting.com/topic/4402131-wider-motivations-for-investing/#post-4637746 Thu, 09 Dec 2010 06:49:04 +0000 well said IP!

]]> 1d074621c3a9246ae9159e27bd61cec0 Ben K replied to the topic Portfolio Structure - The Trust in the forum Help Needed! https://www.propertyinvesting.com/topic/4402055-portfolio-structure-the-trust/#post-4637312 Thu, 09 Dec 2010 02:16:45 +0000 Mate, far from ignorance, you are smart enough to ask the questions! in some cases you are simply asking what other people are thinking of asking but dontgood thread thanks

]]> 3145a7d8b9ab46839fae9d553a8a5b79 Ben K replied to the topic How do others avoid paying mortgage insurance? in the forum Finance https://www.propertyinvesting.com/topic/4370769-how-do-others-avoid-paying-mortgage-insurance/page/2/#post-4450768 Wed, 08 Dec 2010 03:45:17 +0000 the last time i checked, (about 2 wks ago) with the manager of my local branch, that is absolutely not the case…. Westpac are making the slightest of margins on home lends so are being semi conservative, although, if you know a westpac thats doing no lmi on an 85% lend, please point me in the direction!!

]]> 53b3b1f6522d130bd83ca087d15fcad5 Ben K replied to the topic First Home or Investment Property in the forum Help Needed! https://www.propertyinvesting.com/topic/4402128-first-home-or-investment-property-2/#post-4637728 Tue, 07 Dec 2010 01:06:43 +0000 Hi duckster,would you be so kind as to elaborate on how this would affect the decision please? would appreciate the inputthanks bud

]]> 6856959eded807a92c600a8cac1f2f9e Ben K replied to the topic Australian Property Bubble (article on Associated Press) in the forum General Property https://www.propertyinvesting.com/topic/4401872-australian-property-bubble-article-on-associated-press/page/2/#post-4636108 Thu, 25 Nov 2010 03:54:18 +0000 This is a great thread, good debate makes for interesting reading.

]]> 1084e231d5f73baeb7399fed53665e29 Ben K replied to the topic Somersoft - recent moderation goings on in the forum Opinionated! https://www.propertyinvesting.com/topic/4401930-somersoft-recent-moderation-goings-on/#post-4636476 Mon, 22 Nov 2010 01:09:37 +0000 Hi WW,Although not a poster at sumersoft, i have read some of the material there, have learnt alot from your input there, look forward to hearing from you here at propertyinvesting. WelcomeCheers

]]> d55a2c1d42e78f72e592e7b65349fec6 Ben K replied to the topic growing the portfolio? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401839-growing-the-portfolio/#post-4635871 Mon, 15 Nov 2010 04:06:43 +0000 Corza wrote:
thanks guys,do you do anything out of ordinary apart from save and spend less? Corza

Saving for me has been difficult as of late, hence the reason i havent been able to purchase a property since i was 18/19. Because i see time in the market as the key, rather than saving and saving i have been looking at other opportuinities to get…[Read more]

]]> 31e51cc1dcbbccd5b12c0f1459c24a2e Ben K replied to the topic Property Accounting - Excel Spreadsheet? in the forum General Property https://www.propertyinvesting.com/topic/4401845-property-accounting-excel-spreadsheet/#post-4635911 Thu, 11 Nov 2010 03:46:03 +0000 Hi Deb,I was reffered here by another propertyinvesting.com forum goer. the spreadsheets here are great, i am sure you will find something you need. I prefer the knowledge shared here, however.http://www.somersoft.com/forums/showthread.php?t=26452good luckBen

]]> 93ade69208ecc33c916166d31067bf2d Ben K replied to the topic growing the portfolio? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401839-growing-the-portfolio/#post-4635865 Thu, 11 Nov 2010 03:40:35 +0000 thats great mate, congratulations, i always like hearing success stories from people in my age bracket, very motivating!Im 23, just purchasing my first buy and hold now, positive geared with a govt lease which is great, and the place is a blank canvas so i hope to add some good value, exciting times. I bought and sold 2 places in nz when i was 19…[Read more]

]]> f903928b1899455cf5a2dbb4b16a71bd Ben K replied to the topic BREACH OF CONTRACT in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401833-breach-of-contract/#post-4635828 Thu, 11 Nov 2010 02:04:41 +0000 I just had a meeting with a solicitor RE: the property i am purchasing subject to a lease being extended. she informed that they cant give notice, its a full term lease, and if they want to leave will need to pay up to the agreed date, or i can find tenants that will pay similar money and they must pay the balance.but in saying that, good luck…[Read more]

]]> c5c6adc8d196067ee777196f0a3024d5 Ben K replied to the topic use equity on ppor to buy ip or not in the forum Help Needed! https://www.propertyinvesting.com/topic/4401796-use-equity-on-ppor-to-buy-ip-or-not/#post-4635642 Thu, 11 Nov 2010 01:59:28 +0000 illuminati wrote:
But if using your ppor gets you the best finance, or the only finance you can get access too, then its better to use it and get an IP. then not invest at all..

good call, better to be in it than not at all!

]]> e7b8bc2c9b74967bc7c60dac7c8a07ba Ben K replied to the topic growing the portfolio? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401839-growing-the-portfolio/#post-4635863 Wed, 10 Nov 2010 23:27:11 +0000 Hi Corza,would you mind sharing with us how your investing is going? what does your portfolio look like currently after 8 years? Cheers budBen

]]> 89c8cff1393bc856ba4c0d92778b082a Ben K replied to the topic whats the point of owning an IP - does it really make money in the forum Hi penti, There will be a https://www.propertyinvesting.com/topic/4401834-whats-the-point-of-owning-an-ip-does-it-really-make-money/#post-4635832 Wed, 10 Nov 2010 05:53:44 +0000 Hi penti, There will be a truckload of people who use this forum who will give you four hundred truck loads of reasons why purchasing real estate as an investment is better compared to putting your money into a savings account. In my opinion and limited experience, what it comes down to is your ability as an individual to make the right decisions…[Read more]

]]> c0e2d190da5baa532d0e263469e5f8e6 Ben K replied to the topic PPOR loan structure in the forum Nice one hope things go well https://www.propertyinvesting.com/topic/4401826-ppor-loan-structure/#post-4635786 Wed, 10 Nov 2010 05:44:05 +0000 Nice one hope things go well

]]> e86f28fb79ec751b129ed72d03a33c0e Ben K replied to the topic PPOR loan structure in the forum Finance https://www.propertyinvesting.com/topic/4401826-ppor-loan-structure/#post-4635784 Wed, 10 Nov 2010 04:45:58 +0000 I would agree with luke and recommend having a decent broker approach a lender for you, they may be able to negotiate better conditions for you. there are several on this forum with reputable reputations, who offer help to many people who post here.I would recommend Richard Taylor, you can PM me for his details and a reference of my experiences…[Read more]

]]> 9c402141a26339951c9ee687524101b9 Ben K replied to the topic BREACH OF CONTRACT in the forum i am in the process of https://www.propertyinvesting.com/topic/4401833-breach-of-contract/#post-4635824 Wed, 10 Nov 2010 04:40:39 +0000 i am in the process of purchasing a property (god willing) that has a lease in place also, and i will only settle if the lease is extended by 3 years. luckily it is a govt department which has been there for years already. i wish you all the best sorting this out, i am interested to hear the best way to deal with itgood luck bud, do you have…[Read more]

]]> 8f464c70ac5f6fca1243ae9db1c3b295 Ben K replied to the topic Tell Me How You Got Started :) in the forum Help Needed! https://www.propertyinvesting.com/topic/4400937-tell-me-how-you-got-started/page/2/#post-4630232 Wed, 10 Nov 2010 00:03:54 +0000 I like the chapter in Richest man in babylon, "Meet lady luck"Touches on how taking action is a big part of getting started. how procrastination is a big part of missing out on "luck" or opportunities to be lucky.I got started by taking action!sorry, random but relevant i think.Ben

]]> 34a3f52a39f6be906dd65e2cf3b063af Ben K replied to the topic Family trust fund in the forum Help Needed! https://www.propertyinvesting.com/topic/4401821-family-trust-fund/#post-4635753 Tue, 09 Nov 2010 08:03:58 +0000 kiaora,search for threads on this forum about trusts, you might gain sufficient knowledge to lessen the time and money you spend with a professional because you grasp the basicsBen

]]> 5f7c915d8303b05844fe9967400b8e74 Ben K replied to the topic Renovation value after completion in the forum Value Adding https://www.propertyinvesting.com/topic/4401809-renovation-value-after-completion/#post-4635702 Tue, 09 Nov 2010 04:38:52 +0000 That suits me i have some real estate agents that i get along with here, thanks Scott

]]> 785ca0f0d3af71c9fca1c6444f064225 Ben K replied to the topic Renovation value after completion in the forum Scott and alyna, thank you https://www.propertyinvesting.com/topic/4401809-renovation-value-after-completion/#post-4635700 Tue, 09 Nov 2010 00:07:37 +0000 Scott and alyna, thank you for your repliesBen

]]> 6f79056f8d6f054f502b82e5cea1324d Ben K replied to the topic Advantages of a Mortgage broker? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401799-advantages-of-a-mortgage-broker/#post-4635658 Mon, 08 Nov 2010 05:08:19 +0000 Lora4486 wrote:
Sold, Next question, any recommendations for a mortgage broker?

Richard Taylor

]]> 8dc697aee9e0f65584a2a0a640956e1d Ben K replied to the topic Property Selection Help in the forum keep looking mate, and keep https://www.propertyinvesting.com/topic/4401792-property-selection-help/#post-4635599 Sun, 07 Nov 2010 13:57:16 +0000 keep looking mate, and keep reading the forums!

]]> b942c1afdeb00a70c16c35a67d694e4d Ben K replied to the topic Beginner to investing a property in the forum Help Needed! https://www.propertyinvesting.com/topic/4401773-beginner-to-investing-a-property/#post-4635528 Sun, 07 Nov 2010 13:54:23 +0000 As Richard said, The forum is a fantastic place to start, you can pick and choose the advice you heed and over time you will see who is here simply to help, and who is here to promote themselves or their services. read as much as you can and form your own opinion, but take your time!good luckBen

]]> cc9fdeefcf36161959b179efaba34973 Ben K replied to the topic What do you think about this?? in the forum The right deal will come https://www.propertyinvesting.com/topic/4401752-what-do-you-think-about-this-2/#post-4635424 Sun, 07 Nov 2010 13:48:38 +0000 The right deal will come along mate, and most of the best ones are created…good luck

]]> 69622abe74c6ee4c34ad75b26f6ba138 Ben K replied to the topic COST OF SOURCE CAPITAL FOR BANKS in the forum Finance https://www.propertyinvesting.com/topic/4401795-cost-of-source-capital-for-banks/#post-4635622 Sun, 07 Nov 2010 03:14:07 +0000 Good questions! Ive mentioned this before but a friend of mine in the banking sector told me that he margins on home loans at the moment are only about 1%….Answers will vary but i think in answer to your other question customers should come first. no customers no business…

]]> 86450d6943b88bafff2168f284e38cff Ben K replied to the topic FINALLY ..... in the forum General Property https://www.propertyinvesting.com/topic/4401726-finally/#post-4635291 Sun, 07 Nov 2010 03:09:51 +0000 well done for hanging in there!no need to go out for dinner, mc d's and a movie :)

]]> 9622af58486b9cf1e375a4de2b973975 Ben K replied to the topic Negative Gearing with Positive Cashflow!! It is possible in the forum Creative Investing https://www.propertyinvesting.com/topic/4401774-negative-gearing-with-positive-cashflow-it-is-possible/#post-4635531 Sat, 06 Nov 2010 00:51:01 +0000 Qlds007 wrote:
Good investment for who may ask ……………Yours in Finance

I would like to know also…

]]> 473d371466d691768f736587c114982d Ben K replied to the topic How much deposit would you recommend? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401772-how-much-deposit-would-you-recommend/#post-4635518 Fri, 05 Nov 2010 02:36:08 +0000 In my opinion, Being on the ladder is what matters. if you have LMI to pay, depending on your strategy with that particular property you may not notice it long term eg: if you planned on holding the place for 10 years and LMI was 9 grand it isnt much in the scheme of things. i guess it just depends on how good that deal really is to your…[Read more]

]]> dfa580bb1377251d5cafe41b23a04752 Ben K replied to the topic Is our 'equity' deposit subject to interest? in the forum Finance https://www.propertyinvesting.com/topic/4401747-is-our-equity-deposit-subject-to-interest/#post-4635400 Thu, 04 Nov 2010 00:33:47 +0000 grimnar thanks for that explanation – very helpful for me too

]]> ee5e471fb405ec20825cf90aa2238ca0 Ben K replied to the topic Loan amounts - What's possible? in the forum Finance https://www.propertyinvesting.com/topic/4401753-loan-amounts-whats-possible/#post-4635425 Thu, 04 Nov 2010 00:31:25 +0000 daleaporter wrote:
No other debts, by that time credit cards will be paid off and cancelled, personal loans will be paid out. Clean slate! Looking forward to it.

Thats a good position to be in mate well done good luckBen

]]> ccbc2825ae5d9e497505b5fae8873871 Ben K replied to the topic RBA in the forum Finance https://www.propertyinvesting.com/topic/4401737-rba/#post-4635347 Wed, 03 Nov 2010 07:43:12 +0000 One thing to remember is banks have margins on their loans, some as low as 1%… a small percentage against a considerable risk.one arguments i guess lenders have in their favour is that they too are a business, and need to raise the rates along side the RBA to ensure the margains remain stable and business over all remains sustainable. According…[Read more]

]]> 491892202c2c55ea62149da774badb07 Ben K replied to the topic No Idea in the forum Help Needed! https://www.propertyinvesting.com/topic/4401741-no-idea/#post-4635355 Wed, 03 Nov 2010 05:09:38 +0000 Search for "getting started" and "how to" threads here on the forums, purchase some books that explain various ways to get into the market, seek professional advice, and good luck!

]]> 8bc7926e4771ecb7963a93dc26932378 Ben K replied to the topic RBA in the forum Finance https://www.propertyinvesting.com/topic/4401737-rba/#post-4635340 Tue, 02 Nov 2010 18:10:58 +0000 Qlds007 wrote:
With the Banks coming under the NCCP umbrella effective Jan 1 2011 i think there will be a lot more deals lenders will be rejecting and dont think it bears very well for someone without sounds credit, savings or merely wanting to get ahead.

I cant imagine how many people it will affect in different ways, I wonder, if any of the…[Read more]

]]> 67f2cbe2e6711b58cd83b703afe54041 Ben K replied to the topic RBA in the forum Finance https://www.propertyinvesting.com/topic/4401737-rba/#post-4635333 Tue, 02 Nov 2010 06:28:28 +0000 what does this mean for those wishing to borrow, simply higher interest rates or an unwillingness to lend from major banks now?thank you for posting Richard Ben

]]> d2b8031a34fee879cd574d86563ed16e Ben K replied to the topic Investment partner in the forum Help Needed! https://www.propertyinvesting.com/topic/4401719-investment-partner/#post-4635255 Tue, 02 Nov 2010 00:14:41 +0000 Hi PGD,I have had a similar situation, someone i know who has alot of equity, and a solid job but no real knowledge of property investment wants to make a purchase together. I know him and his family well, but if i go ahead with it and we purchase a property together (with the aim of selling for a profit relatively quickly) i will most certainly…[Read more]

]]> 7cc378de9db04ec8033c078eddbf73ef Ben K replied to the topic $19000 enough to buy $325000 house? in the forum Finance https://www.propertyinvesting.com/topic/4401727-19000-enough-to-buy-325000-house/#post-4635302 Mon, 01 Nov 2010 23:59:13 +0000 Ok, well i wish you all the success, there are heaps of ways to make it happen – putting your loan in IO until your place in tenanted might help bring the payments down, perhaps an extra income stream or a couple of sacrifices and you will be sweet.

]]> 223167285bcbfdfe7a269978eff331e1 Ben K replied to the topic $19000 enough to buy $325000 house? in the forum Finance https://www.propertyinvesting.com/topic/4401727-19000-enough-to-buy-325000-house/#post-4635300 Mon, 01 Nov 2010 23:51:38 +0000 you will have to pay $130 after you purchase your PPOR? i hope im not missing something but you wil be living in it, so only paying for your mortgage as an accomodation payment wouldnt you? or are you going to move into your ppor for a perios of time then move out again?

]]> 3aa5b77227289cdba4eaff7dbeb9266a Ben K replied to the topic $19000 enough to buy $325000 house? in the forum Finance https://www.propertyinvesting.com/topic/4401727-19000-enough-to-buy-325000-house/#post-4635298 Mon, 01 Nov 2010 23:40:14 +0000 You mentioned you were purchasing an i.p, i took from this you wont be living in it? does this mean you wont qualify for FHOG?

]]> 2ee34de84a7944866db5b181ea277b64 Ben K replied to the topic Everyone loves a hypothetical in the forum Help Needed! https://www.propertyinvesting.com/topic/4401698-everyone-loves-a-hypothetical/#post-4635142 Mon, 01 Nov 2010 03:48:16 +0000 Shwing wrote:
Also for short term, spend a few buck trying to pick the first 4 in race 7 at Flemington on Tuesday, I can almost guarantee that if you get that right, it will reap more that your first foray into short term property investing. 

lol! well said

]]> 8478668db51e566e6bf8ba48aef824e6 Ben K replied to the topic confirmation on CGT in the forum Help Needed! https://www.propertyinvesting.com/topic/4401703-confirmation-on-cgt/#post-4635168 Mon, 01 Nov 2010 01:23:45 +0000 Thanks for the response guysThanks for that terry, just checking it out nowBen

]]> 26a2125cc763dee7faabf93f52e381d1 Ben K replied to the topic confirmation on CGT in the forum Help Needed! https://www.propertyinvesting.com/topic/4401703-confirmation-on-cgt/#post-4635164 Sat, 30 Oct 2010 12:48:08 +0000 Ok cool, thanks Scott for clarifying that for me,Getting to grips with the stamp duty, CGT and FHOG thing. slowly but surely!!thanks againBen

]]> 2b0b5317eed7a7c126a895a0663f0445 Ben K replied to the topic confirmation on CGT in the forum Help Needed! https://www.propertyinvesting.com/topic/4401703-confirmation-on-cgt/#post-4635162 Sat, 30 Oct 2010 12:25:12 +0000 I would like to add to this question;If i was to purchase a property (first one) in QLD but live in a different state, could i declare that home as my ppor if i am renting elsewhere and clain FHOG and have the 6 yr no CGT rule applied ?Appreciate any assistanceBen

]]> d16c2aac90b43d854af14eec4aebc23e Ben K replied to the topic average development profits?? in the forum Value Adding https://www.propertyinvesting.com/topic/4401669-average-development-profits/#post-4634974 Fri, 29 Oct 2010 02:13:09 +0000 My mums partner was a developer for about 7 years from the mid 90's.He was in the top 5 small business borrowers from ANZ in NZ for a period of time. i have picked his brains on many occasions and he said to me regarding developments/subdivisions: If it costs a mill to buy, spend a mill to develop, make a mill in the sale. he was a simple bloke lo…[Read more]

]]> 5b939b16a728b480b64094e74ac4f4e5 Ben K replied to the topic can you really make money in property without ANY money at all? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401677-can-you-really-make-money-in-property-without-any-money-at-all/#post-4635010 Wed, 27 Oct 2010 06:36:50 +0000 justine08 wrote:
Has anyone done much with Vendor finance deals? Not sure how this would be possible

Vendor finance – when the seller leaves enough in the deal as a deposit. you will need to be able to service the loan though and have a lawyer do up the agreement –  There are alot of forum regulars who will be able to give you an in depth…[Read more]

]]> 31e3ff5fba785bdb4c4a3eeb368f6d4b Ben K replied to the topic can you really make money in property without ANY money at all? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401677-can-you-really-make-money-in-property-without-any-money-at-all/#post-4635008 Wed, 27 Oct 2010 04:40:27 +0000 Justine08, id like to add something,If you are in a position to do so, and are hungry enough, the absolute best solution is to do what EVER it takes to come up with a deposit or some money toward your investment. There are numerous threads on the forum with tips to save, or increase your income. I am a firm believer and know from experience that…[Read more]

]]> d2a5bfe2dbbcc6485a2bfa47b282accb Ben K replied to the topic How to get your rate down ??? in the forum Finance https://www.propertyinvesting.com/topic/4401670-how-to-get-your-rate-down/#post-4634983 Wed, 27 Oct 2010 01:29:16 +0000 Qlds007 wrote:
An example was a client today who was told by his CBA branch manager that he had a 100% offset account and that he should deposit all of his income into this account and then redraw it when necessary. Unfortunately it turns out that after making $96,000 deposit into the account over the last few years he has decided to withdrawn…[Read more]

]]> 381f5737429fafa6b638cd807c02693c Ben K replied to the topic More on Discretionary Family Trusts - how to do it in the forum Help Needed! https://www.propertyinvesting.com/topic/4401654-more-on-discretionary-family-trusts-how-to-do-it/#post-4634895 Tue, 26 Oct 2010 13:53:21 +0000 hearing things like "ÿour accountant is wrong" when it comes to property like i see on so many occasions when reading up at this forum, i hope makes people take good care in finding an accountant that is like minded and well versed in dealing with property portfolios, i know its made me realise how important it is Thank you for posting guys

]]> 9fc6916f948c9997bf4978720a33366b Ben K replied to the topic Hi everyone, request a spreadsheet please in the forum Help Needed! https://www.propertyinvesting.com/topic/4401667-hi-everyone-request-a-spreadsheet-please/#post-4634964 Tue, 26 Oct 2010 13:49:14 +0000 thanks alot maree, hear from you soon

]]> 69818154b9616c2e8e7296d3ca373a8b Ben K replied to the topic Hi everyone, request a spreadsheet please in the forum Help Needed! https://www.propertyinvesting.com/topic/4401667-hi-everyone-request-a-spreadsheet-please/#post-4634960 Tue, 26 Oct 2010 08:38:33 +0000 Hi Maree, if you would please, my email is ben.kelleher@talice.com.au or kelleherbk@gmail.com which is preferred :)thank you

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