PropertyInvesting.com | bm17 | Activity https://www.propertyinvesting.com/members/bm17/activity/ Activity feed for bm17. Wed, 15 Apr 2026 07:39:52 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 79498290fdf03066ba21b1d3b6c8205e bm17 replied to the topic Time Poor Investors need help finding a Site. Rewards offered for site search in the forum Help Needed! https://www.propertyinvesting.com/topic/5042753-time-poor-investors-need-help-finding-a-site-rewards-offered-for-site-search/#post-5042778 Mon, 05 Feb 2018 23:47:08 +0000 Hi Noami,
Wouldn’t an appropriately selected buyers advocate be able to assist you with finding such a property?

]]> 567ea0f03c0086a4b9938f95e282d104 bm17 replied to the topic Cross-security question in the forum Help Needed! https://www.propertyinvesting.com/topic/5007635-cross-security-question/#post-5007653 Thu, 21 May 2015 03:57:58 +0000 Thanks everyoe for your comments, very useful.

Just another quick qestion, if I was going with a single bank, would I do a single application for the total loan amount and then split the accounts, or would it need to be 3 separate applications (i.e. one per property)?

Thanks again.

]]> 83c8e970b8864e9a5d49cbb0e5854966 bm17 started the topic Cross-security question in the forum Help Needed! https://www.propertyinvesting.com/topic/5007635-cross-security-question/ Thu, 21 May 2015 00:30:18 +0000 Hi all,
Been a little while since my last post but I was hoping to get some of the very qualified broken feedback on a question I have about cross-security.

I am looking at refinancing my 3 properties (2 investment, 1 PPOR) and wanted to ensure I did not get locked into having these cross securitised. My situation at the moment is all 3…[Read more]

]]> 7b6bf6008cd5439bfb54a5f7517feea7 bm17 replied to the topic Is new Lawn (grass) tax deductible? in the forum Help Needed! https://www.propertyinvesting.com/topic/4997726-is-new-lawn-grass-tax-deductible/#post-4997759 Fri, 19 Dec 2014 04:23:42 +0000 Catalyst, you say when you replace something, it is seen as an improvement. I am not totally sure on this (happy to proved incorrect) because what if you replace a hot water service because the old one died? That is replacing something but I would expect the whole cost to be claimed in that year?

]]> 3e59d90a222349aa7e9ee99fa7218759 bm17 replied to the topic WCS Group - Mortgage services in the forum Help Needed! https://www.propertyinvesting.com/topic/4992962-wcs-group-mortgage-services/#post-4993053 Fri, 25 Jul 2014 01:26:35 +0000 Thanks Richards, I think you could be spot on about them trying to sell something!

Cheers

]]> 77b5b547e08854554717a13bde395c44 bm17 replied to the topic WCS Group - Mortgage services in the forum Help Needed! https://www.propertyinvesting.com/topic/4992962-wcs-group-mortgage-services/#post-4993001 Wed, 23 Jul 2014 00:20:03 +0000 Thanks Jamie,

It is a fairly simply equation isn’t it, which is why I don’t think there is much they could tell me that is not very obviously or something I don’t already know!

Cheers

]]> 9f53381e12e81610d03b1d5adab913f4 bm17 started the topic WCS Group - Mortgage services in the forum Help Needed! https://www.propertyinvesting.com/topic/4992962-wcs-group-mortgage-services/ Tue, 22 Jul 2014 01:55:41 +0000 Hi all,
I was hoping any forum members could provide any thoughts on WCS Group. They are a group that other adivce / finanical planning etc. specifically focused on how to cut years off your mortgage.
I have heard them advertised on the radio and have looked at their website, but I’m not sure whether they will be able to tell me anything I don’t…[Read more]

]]> 553b1c07ef800e3296a5a7f887d2c5de bm17 replied to the topic Cashflow Positive Property in the forum General Property https://www.propertyinvesting.com/topic/4991121-cashflow-positive-property/#post-4991136 Thu, 29 May 2014 07:08:23 +0000 Interested to understand how you know it has a current yield of 10% when there is no mention of what the property is rented for on the ad?

]]> 84e86d9cd952eee4adc30cba9a6c89cb bm17 replied to the topic Accounting advice on selling subdivided blocks. in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4989924-accounting-advice-on-selling-subdivided-blocks/#post-4989929 Wed, 30 Apr 2014 07:29:20 +0000 Hi Bullion,
From what I understand, the ‘capital gain’ event will occur when you accept the offer (and sign the contract), and the actual settlement date (when you receive the money) doesn’t impact the capital gains tax calculation.
If you are comfortable with managing the build (or happy to pay someone to do it) then it may be worthwhile, as you…[Read more]

]]> 901a70fbd970fdb486f63fc044a9a82f bm17 started the topic Purchasing property from future father-in-law in the forum Help Needed! https://www.propertyinvesting.com/topic/4935493-purchasing-property-from-future-father-in-law/ Tue, 15 Apr 2014 23:56:12 +0000 Hi all, it has been a little while since my last post.
I was hoping to get everyones thoughts on a potential opportunity that has recently arisen. My future father-in-law owns a number of properties and has recently retired so is looking to sell a couple off and one of these would be a good opportunity for me and my fiance.
I am comfortable with…[Read more]

]]> 5c679bbd4f4aca0f1eede3ef395a57ef bm17 replied to the topic How to get a personal for the deposit of a house in the forum Finance https://www.propertyinvesting.com/topic/4410815-how-to-get-a-personal-for-the-deposit-of-a-house/#post-4699948 Wed, 12 Mar 2014 23:25:10 +0000 Jamie M wrote:
Generally speaking I'm not a huge fan of borrowing money in order to borrow more. Especially for those purchasing for the first time. I think it's important to be able to demonstrate an ability to save – otherwise they could find it tough when it comes to meeting their repayments.

Cheers

Jamie

Jamie I agree with you…[Read more]

]]> f9797cf06dafbe7445396a8a703bacc1 bm17 replied to the topic Leveraging vacant land in the forum Finance https://www.propertyinvesting.com/topic/4408814-leveraging-vacant-land/#post-4687183 Sun, 24 Feb 2013 01:31:58 +0000 Hi again guys, thanks for the comments.

Tom, you are right the bank does know about it as their authority was given before the sub-division was finalised.

Richard – the land is unencumbered, are you able to quickly jot down what some of these options would be?

Thanks in advance

]]> 3114e2e831cb6e2f920b7db455f5ad5f bm17 replied to the topic Leveraging vacant land in the forum Thanks Shahin, https://www.propertyinvesting.com/topic/4408814-leveraging-vacant-land/#post-4687177 Fri, 22 Feb 2013 00:44:50 +0000 Thanks Shahin,

The land is on a separate title, so that is good to hear.

thanks again

]]> 28f95326140092a5fe3a492d931c0b28 bm17 replied to the topic Mildura in the forum Help Needed! https://www.propertyinvesting.com/topic/4406386-mildura-4/#post-4668023 Mon, 23 Apr 2012 02:20:23 +0000 I recall reading a similar post on Mildura on this forum so perhaps if you perform a search you may find some additional information.From memory, the general consensus on Mildura was mixed with some having good experiences, some not so good (which would be the same as any area). The fact it is a considerable distance from other regional hubs /…[Read more]

]]> e198f46b5319c318c4caf490264fb143 bm17 replied to the topic Subdivision Flowchart for Melbourne - Free Download in the forum Value Adding https://www.propertyinvesting.com/topic/4406042-subdivision-flowchart-for-melbourne-free-download/#post-4665204 Wed, 07 Mar 2012 08:56:03 +0000 Hi Ashley,I am currently at the final stages of this process (waiting for Council to approve the proposed section 173) and have to say that this process flow would have saved me a LOT of worry! Knowing the upcoming steps in the process would really help with planning.Great resource and thanks for sharing!

]]> c0d3b7a3d84723ac47dfb2763da7a6f8 bm17 replied to the topic GST on a new residential dwelling in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4405182-gst-on-a-new-residential-dwelling/#post-4658826 Wed, 29 Feb 2012 03:27:02 +0000 This is a bit of a change of topic but I was also under the impression that GST is only payable if you have entered into the development with 'an aim to make a profit'?If you were able to show that your original purchase was not with the intent to develop (i.e. you lived in a dwelling for some time, then decided to sub-divide), would GST no longer…[Read more]

]]> 06ce01a150e8df9010a235101991bade bm17 replied to the topic Is it now time to Fix? in the forum Finance https://www.propertyinvesting.com/topic/4405802-is-it-now-time-to-fix/page/2/#post-4663266 Fri, 24 Feb 2012 04:17:09 +0000 No one has the rates crystal ball unfortunately. It may be worth considering fix part of your loan/s. That way if rates go down, you feel some of the benefit but if they go up it wont hurt too much because part of the loan is fixed.

]]> d1980b87302b634d4639e571476c2203 bm17 replied to the topic Is it now time to Fix? in the forum Jamie M wrote: For anyone https://www.propertyinvesting.com/topic/4405802-is-it-now-time-to-fix/page/2/#post-4663262 Fri, 24 Feb 2012 03:02:51 +0000 Jamie M wrote:
For anyone reading this and considering the ANZ 5.8% fixed rate – just letting you know that the offer expires at the end of this month so get your applications in before this date if you've decided this is the way to go.CheersJamie

I have just fixed my ANZ loan with the 5.8% rate. You need to be on their "Breakfree package" …[Read more]

]]> 003ee85e5a3f79db0300dab3c8ec0d28 bm17 replied to the topic servicability in the forum Help Needed! https://www.propertyinvesting.com/topic/4404380-servicability/#post-4653393 Fri, 05 Aug 2011 07:07:59 +0000 Terryw wrote:
very generally.80% of rental income, and 30% of salarymust be greater than repayments of all loans.

Just confirming that it is 30% of gross (before tax) salary

]]> 04844fd8c8ab55993ac47c6d7a74f7eb bm17 replied to the topic To Buy Or Not To Buy in the forum Help Needed! https://www.propertyinvesting.com/topic/4404368-to-buy-or-not-to-buy-9/#post-4653306 Wed, 03 Aug 2011 06:10:25 +0000 lifestylez wrote:
My point here is if I had of let economic factors stop me from buying, I may never have got started and never experienced a good performing asset.

Would totally agree with this comment. There will always be someone giving you are reason not to do it (property bubble, interest rates are rising, the tenants will trash the place…[Read more]

]]> f59c2f720d70632586d95e43cb75686b bm17 replied to the topic Where should the rent go? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404148-where-should-the-rent-go/#post-4651308 Fri, 15 Jul 2011 02:28:37 +0000 Qlds007 wrote:
Look have to say i disagree with the previous coments.I would also make sure the PPOR loan iis interest only at the same time and you should be good to go.CheersYours in Finance 

Richard,can you please outline why you said you would set up the PPOR with interest only. Given that it is non-deductible debt, isnt it a good move to…[Read more]

]]> 963b1f5438145169a1263b2fa350eeb3 bm17 replied to the topic Property Investment Software in the forum Help Needed! https://www.propertyinvesting.com/topic/4404119-property-investment-software-5/#post-4651115 Mon, 04 Jul 2011 03:33:29 +0000 Hi Adam,I use Somersoft's PIA Personal Professional. It is a program that allows you to key in all the details you mention (price, loan amount, rent, interest rates etc.).Once all details are included, it will give you the net income/loss the property will generate in years 1, 2, 3 up to year 30.I have used it a nuimber of times to see if a…[Read more]

]]> a34b3e85d4c947d746a2a7d9549fea32 bm17 replied to the topic FREE Residex Property Reports for VICTORIAN, TASMANIAN, and SOUTH AUSTRALIAN properties - Investment or Owner Occupied in the forum Value Adding https://www.propertyinvesting.com/topic/4396010-free-residex-property-reports-for-victorian-tasmanian-and-south-australian-properties-investment-or-owner-occupied/page/16/#post-4602797 Mon, 20 Jun 2011 07:03:48 +0000 I also received a property report that I am hoping to purchase and it has been extremely helpful. I would recommend everyone to use this service if they are looking to purchase

]]> 6f57e4589850f3a7f65a9f8128bbe4ab bm17 replied to the topic Young starter. Am I on the right track? in the forum Finance https://www.propertyinvesting.com/topic/4403839-young-starter-am-i-on-the-right-track/#post-4649199 Mon, 06 Jun 2011 02:52:16 +0000 Would definitely have to agree with Jamie, there is no reason why you can't enter the market and still enjoy a good lifestyleI purchased an IP when i was 22 (am now 24), with significantly less savings than you have, lived in it for 6 months to satisfy the first home owner requirements and then moved back in with the folks and rented it out. It is…[Read more]

]]> e417f24b286f9544c6966d7e0f1277b5 bm17 replied to the topic Development on <600sqm in the forum Help Needed! https://www.propertyinvesting.com/topic/4403674-development-on/#post-4648030 Wed, 01 Jun 2011 06:59:02 +0000 wealthyjvd wrote:
Thank you kindly for the advice Simon!I have been hearing generally good things with re: to the Frankston council and very few hiccups that i guess is apparent in all councils which is good to hear.

I may have to play devils advocate and say that my experience (have completed 2 town planning applications with Frankston…[Read more]

]]> 0c8a6b59e0a7bcce9f25c2da66fe9990 bm17 replied to the topic Buy or Rent in the forum Help Needed! https://www.propertyinvesting.com/topic/4402914-buy-or-rent-2/#post-4642860 Mon, 28 Feb 2011 01:57:48 +0000 Hi Scotty8911,I too recently faced this decision and started a similar post. See https://www.propertyinvesting.com/forums/property-investing/help-needed/4335319 for a number of the responses.As you will read, it really does come down to what you want to do at the particular point in time. Have of read of the above thread, and weigh up what is…[Read more]

]]> 31bd89199bdc5231bd61b2a1dab72777 bm17 replied to the topic Beginner in the forum Help Needed! https://www.propertyinvesting.com/topic/4402907-beginner-3/#post-4642811 Mon, 28 Feb 2011 00:21:35 +0000 Jake H wrote:
  Catalyst you said I wouldn't have to negative gear it if I do a good Reno, but I thought it was good to negative gear as you got tax benefits. Or am I misled?

Jake, As a most of the investors on this forum will tell you, receiving tax benefits should really be seen as an added bonus of your investing, not a reason to invest.If…[Read more]

]]> e40cb52cc6ff6f47068b0374c24f27da bm17 replied to the topic First Time Investor-Help with choosing a stratergy in the forum Help Needed! https://www.propertyinvesting.com/topic/4402901-first-time-investor-help-with-choosing-a-stratergy/#post-4642771 Sun, 27 Feb 2011 01:40:11 +0000 scotty8911 wrote:
One last question I have, is there a rough set of guidelines for doing your due diligence? I know it includes doing your research on the area, owner occupiers vs. investments, people per household, infrastructure plans, but sure enough when doing research you will overlook something, possibly a big factor in returns, so is…[Read more]

]]> ab70562f309fbe3df210679ef108046b bm17 replied to the topic Any good buyer agents/ organisations for 1st time IP buyers? in the forum Blitzad wrote:Growing https://www.propertyinvesting.com/topic/4402259-any-good-buyer-agents-organisations-for-1st-time-ip-buyers/#post-4638571 Sun, 27 Feb 2011 01:33:13 +0000 Blitzad wrote:

Growing wrote:
Bank savings: 25k

Just a quick note, i believe he said that he has 25k in savings, this is a good start i would have thought. I am not sure, i am only new to this investing too. Cheers, Blitzad

Agree with Blitzad. When I bought my first IP, I had been working in my job for about 4months after finishing uni and…[Read more]

]]> 1f0c8b892aa10db5f13b785f899e298d bm17 replied to the topic Sub-Divide and Build in the forum Help Needed! https://www.propertyinvesting.com/topic/4402886-sub-divide-and-build/#post-4642657 Thu, 24 Feb 2011 05:50:44 +0000 fda wrote:
blairmason17,For a 2 x double storey townhouses in Donvale on a 690m2 lot, they quoted $25,000 for everything is needed for a town planning permit and building permit, plus arrangement for builders and weekly site inspection by the project manager. Shoot them an email and let them surprise you! Get them to do a free inspection and…[Read more]

]]> c6769bc684d1e0fa48e187e14d745eea bm17 replied to the topic Sub-Divide and Build in the forum Help Needed! https://www.propertyinvesting.com/topic/4402886-sub-divide-and-build/#post-4642654 Thu, 24 Feb 2011 04:51:52 +0000 fda wrote:
hI bbasdg,In terms of dealing with designers and builders, I always find it easy to have someone that is a one stop shop who takes care of everything from start to finish as it saves a lot of time and hassle. If you are interested I can give you some contacts, the guy takes care of all town planning, architectural, engineering, b…[Read more]

]]> 553b9ea151f685ddc394a104984fba2c bm17 replied to the topic Rates Notice valuation in the forum General Property https://www.propertyinvesting.com/topic/4402779-rates-notice-valuation/#post-4641838 Wed, 16 Feb 2011 02:55:04 +0000 Scott No Mates wrote:
The rates notice valuation (in NSW) bears very little relevance to the price that you might purchase the property. It is used solely to determine how much you will pay for council rates & services.It does not take into consideration the house or other improvements on the land which may exist.

This is the same in Victoria

]]> 88dc328d0d2c80ad88c7d8c94b66a0bd bm17 replied to the topic Westpac axes upfront mortgage fee in the forum Finance https://www.propertyinvesting.com/topic/4402800-westpac-axes-upfront-mortgage-fee/#post-4641980 Tue, 15 Feb 2011 05:25:51 +0000 I believe this is a response to NAB's offer of paying exit fees for Westpac and Commonwealth customers to make the switch.Hopefully such offers continue to come out so we dont have to pay these fees

]]> 87b6db9b3c05961c2664d417feefa0f1 bm17 replied to the topic Positively Geared Properties in the forum Help Needed! https://www.propertyinvesting.com/topic/4402775-positively-geared-properties-4/#post-4641824 Tue, 15 Feb 2011 02:40:29 +0000 luke86 wrote:
It is possible to get positively geared properties in capital cities, but you cant just go to the "Positivley Geared Property" shop and buy one. You need to create one by doing something out of the oridinary to bring the property up to its highest and best use- then you can gain maximum returns from the property and make it…[Read more]

]]> cdd13134b056aa0705034a58872402d4 bm17 replied to the topic Where to buy Frankston area / Mornington peninsula (VIC) in the forum Help Needed! https://www.propertyinvesting.com/topic/4402720-where-to-buy-frankston-area-mornington-peninsula-vic/#post-4641427 Tue, 08 Feb 2011 10:08:55 +0000 Hi Laurie,As you said everyone seems to have an opinion and are always happy to offer their 2 cents. I am also a young investor (24yo) and have been fortunate enough to purchase 2 investment properties, both of which are in Frankston North. Similar to you, when i was looking to purchase everyone i spoke to had a different opinion and told me what…[Read more]

]]> e3b7d0c91dd44755a9ffa5f9241b2b1a bm17 replied to the topic Invest now or keep saving! in the forum joshkay83 wrote:Thanks jamie https://www.propertyinvesting.com/topic/4402626-invest-now-or-keep-saving/#post-4640747 Mon, 31 Jan 2011 22:10:54 +0000 joshkay83 wrote:
Thanks jamie for your post!I guess its all about timing and deciding on a strategy. We live on the Gold Coast in Qld but wont rule out investing interstate or regional Qld.

Hi Josh, Jan Somers makes the comment in one of her books that regarding real estate, it is all about time in the market, rather than timing the market. I…[Read more]

]]> fe50b9abe65f6e2cce3de28207deb89a bm17 replied to the topic Who pays water service? in the forum Help Needed! https://www.propertyinvesting.com/topic/4402592-who-pays-water-service/#post-4640565 Fri, 28 Jan 2011 01:58:27 +0000 Hi BigTeddyThe landlord would pay for the water service and the waster water service, with the tenant only paying for the water usage (well at least in my experience this is the case).The water service and waster water service bills would of course be a tax deduction

]]> 52903ba46057d039dd86836f8823f79e bm17 replied to the topic Rent vs Own in the forum Creative Investing https://www.propertyinvesting.com/topic/4402577-rent-vs-own/#post-4640493 Wed, 26 Jan 2011 03:15:05 +0000 Hi Lesley,I posted a similar question recently on the forum. a few people got back to me and similar to scott no mates words, it really comes down to what your lifestyle needs are. if you are happy renting (with the possiblitlity of being kicked out because the landlord sell etc.) then this is fine.if you would selling up and renting would make…[Read more]

]]> 531ac7e5328fdd420a1a25e32b5a1965 bm17 replied to the topic Buying PPOR vs Renting in the forum Help Needed! https://www.propertyinvesting.com/topic/4402508-buying-ppor-vs-renting/#post-4639965 Fri, 21 Jan 2011 22:46:43 +0000 Hi RyanI discussed this last night with my partner and i think we have decided that buying a PPOR is the best option for us. She wants the security (as do i as well) so buying a PPOR will provide us this. Like some of the comments above has suggested, i think we are going to look at buying something that we can add some value to (which we have…[Read more]

]]> 9afcaba261094b88fcf09e500ee96d6e bm17 replied to the topic Buying PPOR vs Renting in the forum Help Needed! https://www.propertyinvesting.com/topic/4402508-buying-ppor-vs-renting/#post-4639961 Fri, 21 Jan 2011 00:30:15 +0000 ryan mclean wrote:
An interesting thing that I found out the other day. Robert Kiyosaki (who Authored Rich Dad Poor Dad), who preaches positive cash flow property. Bought his home before he invested in any property.Jan Somers also outlines buying your own home first and paying off the debt ASAP in her 'More wealth from residential property'…[Read more]

]]> 03b238ceff1fb93dc37928254b83a00f bm17 replied to the topic Hobart suburbs that are worth looking at in the forum Help Needed! https://www.propertyinvesting.com/topic/4402418-hobart-suburbs-that-are-worth-looking-at/#post-4639453 Mon, 10 Jan 2011 21:41:53 +0000 Thanks Jamie,I will definitely look into these!

]]> 6bdb7f4217020c9f32255ce42987bdb7 bm17 replied to the topic Six unit site Frankston Vic in the forum Help Needed! https://www.propertyinvesting.com/topic/4402001-six-unit-site-frankston-vic/#post-4636971 Mon, 06 Dec 2010 23:29:45 +0000 Hi FF, I am currently undertaking 2 subdivisions with the Frankston Council and have found the process to be rather time consuming. Both projects are a simply subdivision, keeping the existing house while building a 2 bedroom townhouse at the rear. I started working with a private town planner in Feb 2010 and have only received permits within the…[Read more]

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