Benny replied to the topic Looking for some advice on this scenario in the forum Help Needed! 6 years, 1 month ago
Hi bb,
>>> “I will have tip in about $50k for the refinance to occur. I do have the cash to do this and it would bring it back to cashflow neutral on a P&I basis (Never again will I use an interest only loan) but will tie this cash up until I sell.”One other option would be to put the $50k you have available in an Offset account against that…[Read more]
Benny replied to the topic Looking for some advice on this scenario in the forum Help Needed! 6 years, 1 month ago
Hi bb,
One thought would be to put the $50k you have available in an Offset account against that mortgage. You’ve said that paying down that amount would bring the P&I cost back to “neutral” so the Offset would work similarly. (i.e. you would be paying Interest on $50k less than the amount actually owed).The advantage of that (as against…[Read more]
Benny started the topic Cash going away…… in the forum Opinionated! 6 years, 2 months ago
There’s been talk of cash being phased out, and I see lots of folk simply “waving their card at a machine” to pay for groceries, etc. But what happens if that suddenly doesn’t work for some reason? Is there a backup?
Thinking through what I’ve been hearing, and observing the spate of banking network shutdowns, I am becoming increasingly…[Read more]
Benny replied to the topic Property Development courses in the forum Buy, Swap & Sell 6 years, 2 months ago
Hi Henry,
Hi I saw your post that you want someone to take over the course that you are currently learning, I would like to do that, but before I do I would like to know what is the price of this course, also when does it start. thank you I await you reply.
You seem to be referring to Jack19’s post. Let me help there – Jack had requested anyone…[Read more]
Benny replied to the topic Feedback/help needed – land indicators in the forum Help Needed! 6 years, 3 months ago
Hi Natalia,
It is an interesting document and could be of use to some on here. For mine, I found some of the indicators straight out confusing. Maybe you are using “urban planner” words that mean little to Joe Public?The Hazards group is where I found the most confusion – one example is “Attenuation” – just what does that mean? Then…[Read more]
Benny replied to the topic New to Investing in the forum Help Needed! 6 years, 4 months ago
Hi Flynn,
i cant seem to find your STEPS program. is it a course that i can purchase or is it just a forum? if you could please send me the link that would be great!
I am hoping this might help:-
Benny
Benny replied to the topic Investment Detective Replacement Software in the forum General Property 6 years, 4 months ago
Hi mkl,
Steve’s new offering in that space is a vastly improved and super comprehensive product – STEPS. If you are interested in taking a look at this, go here:-
http://propertyinvesting.com/courseOr for any other Product questions, call the office on 03 85920270,
BennyBenny replied to the topic Advice needed after meeting with investment property advisor from Patrick Leo. in the forum Help Needed! 6 years, 4 months ago
Hi Traca,
Before going with this group (they may be OK or they may not be – I don’t know them) do use the checklist in the following link to appraise their operation.The post linked above goes into depth re “How you can tell if…[Read more]
Benny replied to the topic My CGT Liability in the forum Legal & Accounting 6 years, 4 months ago
Hi MKB,
Terryw had gone into quite some depth on this CGT subject previously – check out my post here:-
https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/page/2/#post-5006553Read on down and follow each link – especially the last two (in the PS area) where Terryw expands on the whole subject and…[Read more]
Benny replied to the topic My CGT Liability in the forum Legal & Accounting 6 years, 4 months ago
Hi MKB,
Terryw had gone into quite some depth on this – check out my post here:-
https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/page/2/#post-5006553Read on down and follow each link – especially the last two (in the PS area) where Terryw expands on the whole subject and provides a huge chunk of…[Read more]
Benny replied to the topic Where to start? in the forum General Property 6 years, 5 months ago
Hi Chamb00,
You said:Another confusing issue I have is to buy my first home/apartment or an investment property first.
That is a good question. It is not one any of us can answer for you, however we can “point the way” for you to arrive at your own conclusions. Tom already mentioned that answers depend on where you are now, and where you want…[Read more]
Benny replied to the topic Accounting Fees (Brisbane) in the forum Legal & Accounting 6 years, 5 months ago
Hi Elysium,
Glad to hear you have found someone. Re approx cost, that is difficult to say for several reasons.I imagine there is some kind of hourly rate, but I haven’t heard what today’s numbers might be. And then it would surely also depend on the complexity of your set-up. e.g. how many properties you have, are each in separate Trusts…[Read more]
Benny replied to the topic Accounting Fees (Brisbane) in the forum Legal & Accounting 6 years, 5 months ago
Hi Elysium,
Glad to hear you have found someone. Re approx cost, that is difficult to say for several reasons.I imagine there is some kind of hourly rate, but I haven’t heard what today’s numbers might be. And then it would surely also depend on the complexity of your set-up. e.g. how many properties you have, are each in separate Trusts…[Read more]
Benny replied to the topic Best advice : Don’t invest into property : The australian market is CRASHING. in the forum Help Needed! 6 years, 5 months ago
Hi Sako,
“But what now ? Time to buy or is there something bigger that’s getting cooked in the background which we don’t know about ?”Sako, the RBA has only the one gun to fire – some actually say it is a “blunt instrument”, so maybe it’s Thor’s hammer, rather than a gun. As was said on the news yesterday – “It is up to a Govt to make oth…[Read more]
Benny replied to the topic Best advice : Don’t invest into property : The australian market is CRASHING. in the forum Help Needed! 6 years, 5 months ago
Hi Sako,
“But what now ? Time to buy or is there something bigger that’s getting cooked in the background which we don’t know about ?”Sako, the RBA has only the one gun to fire – some actually say it is a “blunt instrument”, so maybe it’s Thor’s hammer, rather than a gun. As was said on the news yesterday – “It is up to a Govt to make oth…[Read more]
Benny replied to the topic Thankyou Steve Mcknight ! in the forum General Property 6 years, 6 months ago
Trying again to make a more readable table for the first post:-
Locations_______________Paid______Reno________Revalued____Rent/wk__Yield
Broken Hill______________44,000_____YES________95,000_______190_____10%
Broken Hill______________25,000_____YES________79,000_______175_____12%
Cairns…[Read more]Benny replied to the topic Thankyou Steve Mcknight ! in the forum General Property 6 years, 6 months ago
Trying again to make a more readable table for the first post:-
Locations_________________Paid______Reno________Revalued____Rent/wk__Yield
Broken Hill______________44,000_____YES________95,000_______190_____10%
Broken Hill______________25,000_____YES________79,000_______175_____12%
Cairns…[Read more]Benny replied to the topic Thankyou Steve Mcknight ! in the forum General Property 6 years, 6 months ago
Trying again to make a more readable table for the first post:-
Locations_________________Paid______Reno________Revalued____Rent/wk__Yield
Broken Hill______________44,000_____YES________95,000_______190_____10%
Broken Hill______________25,000_____YES________79,000_______175_____12%
Cairns…[Read more]Benny replied to the topic Thankyou Steve Mcknight ! in the forum General Property 6 years, 6 months ago
Trying again to make a more readable table for the first post:-
Locations________________Paid______Reno______Revalued___Rent/wk__Yield
Broken Hill______________44,000_____YES________95,000_______190_____10%
Broken Hill__________25,000_____YES________79,000_______175_____12%
Cairns _______________42,000________________70,000_______140_____10%…[Read more]Benny replied to the topic Thankyou Steve Mcknight ! in the forum General Property 6 years, 6 months ago
Trying again to make a more readable table for the first post:-
Locations_______________Paid______Reno______Revalued___Rent/wk__Yield
Broken Hill____________44,000_____YES________95,000_______190_____10%
Broken Hill____________25,000_____YES________79,000_______175_____12%
Cairns…[Read more]- Load More



