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  • Benny replied to the topic Our situation, please can you help? in the forum Help Needed! 1 week ago

    Hi Ethan,
    I’m thinking of Terry (how do you tag in this forum?!?).
    Simply enter his name (the one with the @ at the front). So, find him on forum first (Search for member names or an old post of his) and he logs as Terryw – in fact, his tag is @terryw too – not always the case for all members, but it works with him.

    Now, since I have…[Read more]

  • Benny replied to the topic Our situation, please can you help? in the forum Help Needed! 1 week ago

    Hi Ethan,
    I’m thinking of Terry (how do you tag in this forum?!?).
    Simply enter his name (the one with the @ at the front). So, find him on forum first (Search for member names or an old post of his) and you will see he logs as Terryw – in fact, his tag is @terryw too – not always the case for all members, but it works with him. e.g. Richard…[Read more]

  • Benny replied to the topic Wanted Cherie Barber renovating for profit course with trade card in the forum Buy, Swap & Sell 1 week ago

    Haha – OK, thanks Tony !! You learn something new every day….

  • Benny replied to the topic Wanted Cherie Barber renovating for profit course with trade card in the forum Buy, Swap & Sell 1 week ago

    Hi Jade,
    NIL please.
    Huh?? Is this a short-form comment like LOL, TLDR, or ROTFLMAO ? If so, please enlighten me – I haven’t heard of NIL before.

    Thanks,
    Benny

  • Benny replied to the topic Wanted Cherie Barber renovating for profit course with trade card in the forum Buy, Swap & Sell 1 week ago

    Hi Jade,
    NIL please.
    Huh?? Is this an acronym like LOL, TLDR, or ROTFLMAO ? If so, please enlighten me – I haven’t heard of NIL before.

    Thanks,
    Benny

  • Benny replied to the topic loan restructuring – investment to residential in the forum Finance 1 week, 2 days ago

    Hi Barcode,

    Welcome to this good place !! I am glad you stopped by to ask – and, I reckon YOU will be happy you did too. Why?

    Well, already you have had one really GOOD answer from Jamie. The banker really does have no idea, and, if you are interested in investing, it is worth knowing more about these things BEFORE you take any action.

    [Read more]

  • Benny replied to the topic Our situation, please can you help? in the forum Help Needed! 1 week, 3 days ago

    Hi Good Vibes,

    Unfortunately, finance and property investing is not a subject taught in schools – if it were, there would not be as many folk inadvertently costing themselves so many opportunities. i.e. wanting to change their old PPOR into a rental AFTER it is paid off. As Jamie said, any mortgage you take out on it NOW will have the ATO…[Read more]

  • Benny replied to the topic Collateral in the forum Help Needed! 1 week, 3 days ago

    Hi Dibektemir,

    And a big welcome to you. We hope you get information from here to assist your investment path. It is good that you have asked questions, as I am sure the good members on here can direct you in a beneficial way.

    It sounds to me like you are putting yourself in a good financial position – by using a finance adviser who is…[Read more]

  • Benny replied to the topic NYC city taxes in the forum Overseas Deals 1 week, 4 days ago

    Hi Dean,

    Whoa !!! How can anyone make money as a landlord then? $7000 per apartment ($140 a week or ~$600 a month). Rents must be through the roof with that kind of impost.

    THanks for making us feel better Dean…. ;)

    Benny

  • Benny replied to the topic Hold & Sell Criteria – examples?? in the forum General Property 1 week, 4 days ago

    Hi Anthony,
    Hey Benny, would you happen to recall which of Steve’s books refers to that rule of thumb?
    It is in “0 to 130 properties” in the middle of Chapter 3 “Ramping It Up”. In the 2009 edition, it is on page 49 – earlier editions might be on a different page number. Whoops – seems like Chapter 3 is a NEW chapter – but I KNOW the phrase…[Read more]

  • Benny replied to the topic Hold & Sell Criteria – examples?? in the forum General Property 1 week, 5 days ago

    Hi Anthony,
    An interesting set of questions there !! I for one, cannot think of a quick answer to many of them. Mainly because many of the answers will depend on you and your goals in the first place. Like you said, “How long is a piece of string”.

    Steve has some interesting thoughts in his various books – one that stays with me is his…[Read more]

  • Benny replied to the topic Hold & Sell Criteria – examples?? in the forum General Property 1 week, 5 days ago

    Hi Anthony,
    An interesting set of questions there !! I for one, cannot think of a quick answer to many of them. Mainly because many of the answers will depend on you and your goals in the first place. Like you said, “How long is a piece of string”.

    Steve has some interesting thoughts in his various books – one that stays with me is his…[Read more]

  • Benny replied to the topic The best way to work out borrowing capacity in the forum Finance 1 week, 6 days ago

    Hi Gus,
    Richard and Corey have already provided guidance. And either of them would be a great choice should you wish to get a better focus on YOUR options.

    In short, always get your finance sorted before you even start to look for properties. No use going looking only to find out later that you can’t afford the great buy you have chosen. …[Read more]

  • Benny replied to the topic The best way to work out borrowing capacity in the forum Finance 1 week, 6 days ago

    Hi Gus,
    Richard and Corey have already provided guidance for you. And either of them would be a great choice should you wish to get a better focus on YOUR options. As an investor, those options are paramount in arriving at “What is best for YOU” – so do make use of those whose role in life is to guide you along the best path (or even through…[Read more]

  • Benny replied to the topic land tax NSW double taxation? in the forum Legal & Accounting 1 week, 6 days ago

    Hi Coogee,

    Wow – that does seem weird. I’ll be interested to read what might be going on there too – I hope one of our gurus can come up with an answer.

    Benny

  • Benny replied to the topic Sell Sydney IP now or in the next few years? in the forum General Property 2 weeks, 1 day ago

    Hi Bomberboy,

    Interesting link – thanks !! re this :-
    Interesting that the prediction for Sydney and Melbourne is so wildly different between NAB and SQM. Is SQM statistically analytical only whilst NAB may be a combo of statistics, risk factors, global influence, number of applications?
    I wonder if the major discrepancy might simply come…[Read more]

  • Benny replied to the topic Rentvesting Advice in the forum Creative Investing 3 weeks ago

    Hi Tony,
    Thanks for sharing that. Wow, I couldn’t believe the number of jealous souls who took the time to comment. So many posts that made NO sense at all – but then, I can only guess they have never researched property investing to know better. e.g. one of them commented something like “Humph – I bet he is only paying off Principal and NO…[Read more]

  • Benny replied to the topic Rentvesting Advice in the forum Creative Investing 3 weeks ago

    Hi Tony,
    Thanks for sharing that. Wow, I couldn’t believe the number of jealous souls who took the time to comment. So many posts that made NO sense at all – but then, I can only guess they have never researched property investing to know better.

    e.g. one of them commented something like “Humph – I bet he is only paying off Principal and…[Read more]

  • Benny replied to the topic Rentvesting Advice in the forum Creative Investing 3 weeks, 1 day ago

    Hi Tony,
    Hmm, your story sounds mighty like another bloke featured elsewhere in here :-
    https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/#post-4697977

    Was your story similar? It sounds like it might have been. Where were you investing? I’d love to read your story…. Have you posted it…[Read more]

  • Benny replied to the topic Rentvesting Advice in the forum Creative Investing 3 weeks, 1 day ago

    And scarily enough I was told that idea by a friend of a friend at a dinner – they were going to try and claim their own rent too – not sure what dodgy stuff they’re up to!
    Thinking more about this, when I worked in Sydney (my home in Brisbane) I had joined up with an employment agency who found that I could effectively claim LAHA (Living Away…[Read more]

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