Since 2001 | Total Members: 161,333

Benny

  • Benny replied to the topic What would you do? in the forum Help Needed! 8 years, 5 months ago

    Hi MDG,
    Jaxon made a very good point. If you aren’t sure which way you want to go, any road will get you there. Since there are so many ways to invest, your first goal should be to bone up on where it is you want to be, and what way is the best way to get you there. What skills do you have that could make one way better than another? etc.…[Read more]

  • Benny replied to the topic What would you do? in the forum Help Needed! 8 years, 5 months ago

    Hi MDG,
    Jaxon made a very good point. If you aren’t sure which way you want to go, any road will get you there. Since there are so many ways to invest, your first goal should be to bone up on where it is you want to be, and what way is the best way to get you there. What skills do you have that could make one way better than another? etc.…[Read more]

  • Benny replied to the topic My brain is crying in the forum Help Needed! 8 years, 5 months ago

    Hi Jo,
    Wow, that is a huge change in just a short time. You seem to have had an epiphany of some kind in the last year or so. Awesome. I wish you much luck with your venture. And yes, DO stay on here to keep us updated from time to time, won’t you?

    Prior to replying, I was searching the Internet for an article I had read about 15 years…[Read more]

  • Benny replied to the topic Mark Rolton – Massland University DVD HOME STUDY KIT in the forum Creative Investing 8 years, 5 months ago

    Hi Stacey,

    Not sure how this PM works.

    PM stands for Private Message.

    Look for the “@name” underneath each poster’s main name – e.g. Under “Kelly” is also “@kellys3” – hover your cursor over that @name, and you will see a display that reads “Send a private message to this user”.

    If Kelly is the one you want to contact, then click on…[Read more]

  • Benny replied to the topic Is this a good learning plan? in the forum General Property 8 years, 5 months ago

    Hi Inv101,

    Most of this comes down to common sense. Learning about the areas you want to invest in is so you can spot a bargain from the moment you see it. Back when my wife did Real Estate Sales, they told her that she should learn to “value” a house within $5k in her first 3 months. Now, that was 20 years ago, when properties sold for…[Read more]

  • Benny replied to the topic Sydney Tax Accountant in the forum Legal & Accounting 8 years, 5 months ago

    Or try Strategic Wealth in Hurstville.

    Nick Moustacas was a real gem when I was Sydney based (some five years back now). He is a property investor too, so is well versed in everything to do with IP’s.

    Benny

  • Benny replied to the topic Looking for Positive Cashflow Areas with Growth Potential in the forum General Property 8 years, 5 months ago

    but are they easy statistics to source yourself or can that level of research only be done using things like DSR and RP data.

    Sorry Jcam, but I can’t answer that. Maybe others can though – let’s see eh?

    Also, now and then I read of some offering to “share” a subscription with others – cuts the cost to all, and is probably more…[Read more]

  • Benny replied to the topic Looking for Positive Cashflow Areas with Growth Potential in the forum General Property 8 years, 5 months ago

    Hi Jcam,

    I was pretty impressed with Dave Ward’s answer to someone else on that very subject. Go here to find the link:-
    https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/#post-4697972

    ….then, once in that thread, do also read the earlier question and all of the other answers. But it was Dave’s…[Read more]

  • Benny replied to the topic Townhouse built over Sewer Main, should we still buy it? in the forum Help Needed! 8 years, 5 months ago

    Hi Ithilien,
    Given your comment re the age of the townhouse, two things came to mind:-

    1. What does your Solicitor say about this? and

    2. Is it possible that this sewer line may not even be in use any more?

    Certainly, if 2 is the case, any risk drops dramatically.

    How you would find out if 2 is correct I don’t know, but I think I…[Read more]

  • Benny replied to the topic Templates in the forum Site Problems / Feedback 8 years, 5 months ago

    Hi all,

    On the Home page, about halfway down (use the scroll bars) you will see a brightly coloured box with words like “Do you have some of Steve’s books? Unlock your free gifts!” and a big button to click.

    It does bring you to the same place as the link mentioned above. But it is far easier to find on the Home page than on a 3 year-old…[Read more]

  • Benny replied to the topic Templates in the forum Site Problems / Feedback 8 years, 5 months ago

    Hi all,

    On the Home page, about halfway down (use the scroll bars) you will see a brightly coloured box with words like “Do you have some of Steve’s books? Claim your free gifts here!” and a big button to click.

    It does bring you to the same place as the link mentioned above. But it is far easier to find on the Home page than on a 3…[Read more]

  • Benny replied to the topic Your input into Property Due Diligence Checklist (Residential) in the forum Help Needed! 8 years, 5 months ago

    Hi Sitbon,

    I saw the initial problem was having the spaces in the title. It prevented the link from identifying the full title. You may have seen the post where the link stopped at …..sh/Due – and the rest of the title appeared as normal words.

    Spaces in links do this. Is there a possibility that you can CHANGE the title in Dropbox so…[Read more]

  • Benny replied to the topic Best Property Analysis Software? in the forum Help Needed! 8 years, 5 months ago

    Hi all,

    Like you all, I tried the link that Jamie provided. It failed. But then, I deleted the latter part of the URL to leave just the website name – that worked, so I looked down the home page, saw the “Investors” button, and clicked that.

    On the Investors page, right down bottom is a list of resources – and one of them was the…[Read more]

  • Hi Jaxon,

    Benny I respect we have different views, that property is returning 8%, its positively geared, that beats tax incentives!

    What I like about a forum is that even opposing ideas can add value. I haven’t run the numbers as you appear to have done. Your effort is therefore a big help to N2I straight off.

    My thoughts on the other…[Read more]

  • Hi Jaxon,

    I really disagree with Benny under most cirumstances,

    Hmm, I thought we thought alike….??? Maybe there was a typo there ! :p

    Yes, either way can work, Jaxon – but with what I think you are saying, any new mortgage on the old PPOR is not a Tax deduction, thus N2I will be paying full Tax on any Income derived from renting the…[Read more]

  • Benny replied to the topic Looking for Positive Cashflow Areas with Growth Potential in the forum General Property 8 years, 5 months ago

    Hi Jaxon,
    Nice numbers there mate !!

    Benny

  • Benny replied to the topic Question about getting a buyers agent in the forum General Property 8 years, 6 months ago

    Hi Investor,
    Interesting question !!

    Because say for example he looks for houses for you and he spots an amazing deal that is available on the market, and the buyers agent job is to tell you of such opportunity. Isn’t there a good chance that they might take that house and take your attention to another house so they can buy that one? Or am I m…

    [Read more]

  • Benny replied to the topic Where to start learning property and investing? in the forum Help Needed! 8 years, 6 months ago

    Hi Investor,

    Seems like your fingers are running ahead of your thoughts here:-

    I wish I could find a place where I could …… stuff like tiling,painting, replacing the wooden floor. Don’t know where to find it.

    Where I put …… you have left out a word – if you are wanting to “learn” stuff, I believe Bunnings do courses here and there s…[Read more]

  • Benny replied to the topic "The big picture" – for new readers especially… in the forum General Property 8 years, 6 months ago

    A member has questions around “What to do” where one has a PPOR that was (nearly) paid off, became a rental, and they now live in their new PPOR. Do they sell the first PPOR (now a rental), or keep it? Can they borrow against that first PPOR to pay down the new one and make the Interest deductible, etc.

    This thread was asking those…[Read more]

  • Benny replied to the topic Investment property finance – Tax in the forum Help Needed! 8 years, 6 months ago

    Wow, TerryW,

    What an awesome list of options. A lot of people could do with knowing about all those options. THanks for sharing them,

    Benny

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Benny

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