PropertyInvesting.com | booge | Activity https://www.propertyinvesting.com/members/booge/activity/ Activity feed for booge. Wed, 15 Apr 2026 03:30:41 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 a963880f9b3e7bddcc1676546583c7f5 booge replied to the topic First Property seminar....hmmmm not that impressed. in the forum Help Needed! https://www.propertyinvesting.com/topic/4405833-first-property-seminar-hmmmm-not-that-impressed/page/2/#post-4663558 Wed, 28 Mar 2012 10:12:33 +0000 Got nothing to review sorry, our baby came a bit earlier than expected so i couldn’t go unfortunately. Hopefully there’ll be another.

]]> 10f313fb535829b676cb5558678baaa5 booge replied to the topic Commission housing in Orange in the forum Help Needed! https://www.propertyinvesting.com/topic/4406029-commission-housing-in-orange/#post-4665161 Tue, 06 Mar 2012 22:32:45 +0000 I’m only fairly new to the whole property investing thing. Wish I’d started sooner but there still seems to be some reasonable rental returns for the price compared to many other places.

]]> 4f1feeda0445b09abf35cf078e027897 booge replied to the topic What exactly is college lease land? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405999-what-exactly-is-college-lease-land/#post-4664783 Fri, 02 Mar 2012 02:46:21 +0000 Hence why they are dirt cheap!

]]> c0a043cf938da10858fd99ae583f968a booge replied to the topic Equity loan for PPOR in the forum Finance https://www.propertyinvesting.com/topic/4405875-equity-loan-for-ppor/#post-4663878 Sun, 19 Feb 2012 09:49:01 +0000 I’ll try everything to keep it. Current PPOR value is more than double what we owe and renting it out would be CF+, not really enough to make much difference to a big equity loan on a new house though.

]]> b45ac0451c0ac8b04b9afaa4c218d877 booge replied to the topic Equity loan for PPOR in the forum Finance https://www.propertyinvesting.com/topic/4405875-equity-loan-for-ppor/#post-4663876 Sun, 19 Feb 2012 05:22:42 +0000 Nah have just refinanced anyway. Will be using an offset for the current PPOR mortgage. Don’t know how we’ll afford a mortgage if we borrow the lot and buy a PPOR on equity. It kills me to say it but we may just have to sell our current PPOR.

Unless anyone has some ideas?

]]> d5c9f50f505ccd9d975f37a62e61a1ca booge replied to the topic First Property seminar....hmmmm not that impressed. in the forum Help Needed! https://www.propertyinvesting.com/topic/4405833-first-property-seminar-hmmmm-not-that-impressed/page/2/#post-4663553 Wed, 15 Feb 2012 03:22:22 +0000 6pm start, booked by replying to the automated email. If u get on the b
Binvested site I’m sure you could send an email

]]> fbff087affbc2b408c45e4c376af71f6 booge replied to the topic First Property seminar....hmmmm not that impressed. in the forum Help Needed! https://www.propertyinvesting.com/topic/4405833-first-property-seminar-hmmmm-not-that-impressed/page/2/#post-4663551 Wed, 15 Feb 2012 01:19:15 +0000 Its 28th feb at the Mitcham hotel

]]> 8a7348034e080cd8fd506440247f9b28 booge replied to the topic First Property seminar....hmmmm not that impressed. in the forum Help Needed! https://www.propertyinvesting.com/topic/4405833-first-property-seminar-hmmmm-not-that-impressed/#post-4663548 Tue, 14 Feb 2012 22:25:01 +0000 That Reno Kings Sydney show is pretty much word for word what happened in Melbourne. Even the “unscripted banter”.

Reminded me of an Amway type seminar i was dragged along to years ago, lot’s of desperate people prepared to throw their money at someone who gives them a supposed way out of working 9 to 5.

These Reno Kings guys are there to make…[Read more]

]]> f4e34eb7b70d2d033247ed431beceb1e booge replied to the topic First Property seminar....hmmmm not that impressed. in the forum Help Needed! https://www.propertyinvesting.com/topic/4405833-first-property-seminar-hmmmm-not-that-impressed/#post-4663545 Tue, 14 Feb 2012 06:18:08 +0000 I’m taking the plunge again! Nathan Birch is having an investment night. This one’s free and less than 2km from my house. I figured i’ve got nothing to lose but time on this one.

]]> ecb7db7c04fa865006cbad2dc93dfb9d booge replied to the topic First Property seminar....hmmmm not that impressed. in the forum You might get something out https://www.propertyinvesting.com/topic/4405833-first-property-seminar-hmmmm-not-that-impressed/#post-4663536 Sat, 11 Feb 2012 06:32:54 +0000 You might get something out of it. Hopefully they didn’t have the good info after i left! The 7 killer property deals they talk about are the ones on their website, in a little more detail.

Maybe I’m a harsh judge, but when they’re getting people to raise their hands if they think “$1,000,000 a year tax free in rental income is a good deal?” or…[Read more]

]]> 84af11734e39e0849d73f67a435e171a booge replied to the topic First Property seminar....hmmmm not that impressed. in the forum Help Needed! https://www.propertyinvesting.com/topic/4405833-first-property-seminar-hmmmm-not-that-impressed/#post-4663536 Sat, 11 Feb 2012 06:32:54 +0000 You might get something out of it. Hopefully they didn’t have the good info after i left! The 7 killer property deals they talk about are the ones on their website, in a little more detail.

Maybe I’m a harsh judge, but when they’re getting people to raise their hands if they think “$1,000,000 a year tax free in rental income is a good deal?” or…[Read more]

]]> c061ca93ae4b1bd19c14090eb2d55e59 booge replied to the topic First Property seminar....hmmmm not that impressed. in the forum Help Needed! https://www.propertyinvesting.com/topic/4405833-first-property-seminar-hmmmm-not-that-impressed/#post-4663534 Sat, 11 Feb 2012 06:19:23 +0000 I was at the Melbourne seminar this morning. This wasn’t informative for me at all, I was glancing at the lady next to me wondering what the hell she was actually scribbling down!! When she was writing there wasn’t any actual information being told! The one thing i did learn was that most (75%) of properties advertised as development sites STCA…[Read more]

]]> cd2d7d366bcd4e9d67f59314dc84a847 booge replied to the topic Put extra $ into PPOR or IP? in the forum It was purely based on the https://www.propertyinvesting.com/topic/4405771-put-extra-into-ppor-or-ip/page/2/#post-4663025 Thu, 09 Feb 2012 21:35:51 +0000 It was purely based on the rate being the lowest he could find. I’d prefer not to fix to avoid break fees just in case i get professional advice that may lead to a restructuring of finances if i want to purchase in the next two years.

]]> aed3967f21a04f59b700501bbf6a0d98 booge replied to the topic Put extra $ into PPOR or IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405771-put-extra-into-ppor-or-ip/page/2/#post-4663023 Thu, 09 Feb 2012 21:02:46 +0000 The frustrating thing about this situation is that no matter who i ask, I’ll get a slight variation in advice. My plan/advice initially was to redraw the $15K to maximise the loan on the IP and go interest only. So the advice now is to just leave it there?

Also, the mortgage broker has advised to fix my investment loan at 5.99% for three years…[Read more]

]]> 435c0d9a9503724ba938ef5eeb5d7ba1 booge replied to the topic Put extra $ into PPOR or IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405771-put-extra-into-ppor-or-ip/page/2/#post-4663020 Thu, 09 Feb 2012 07:01:27 +0000 In terms of tax benefits, if it’s a case of more work for him I’m fine with that, so long as I get some financial benefit. Are there any good property accountants in Melbourne or eastern suburbs of Melbourne? I don’t feel totally confident in mine. I’ve been told in here chan and naylor are pricey, just after a fair price, not ridiculous.

]]> 38f4a69ccd6c357769e29ab076f02015 booge replied to the topic Put extra $ into PPOR or IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405771-put-extra-into-ppor-or-ip/page/2/#post-4663018 Thu, 09 Feb 2012 00:46:00 +0000 Paullie wrote:
So your accountant believes increasing your deductible debt and decreasing your non-deductible debt will have no tax advantage?If Im reading that correctly, you need a new accountant.

He had said “it would complicate tax more as he would need to start apportioning the interest claim on the rental loan.”

Even though it may…[Read more]

]]> 300198e00045238cd927b1a3612ddb89 booge replied to the topic Put extra $ into PPOR or IP? in the forum Had a phone call with a https://www.propertyinvesting.com/topic/4405771-put-extra-into-ppor-or-ip/page/2/#post-4663015 Wed, 08 Feb 2012 23:44:02 +0000 Had a phone call with a Mortgage Broker, the advice for me was to fix my IP mortgage with ING for 3 years at 5.99% paying interest only. Cost to switch the loan type is $250, I’m already with ING on a variable P&I.

Currently minimum payment per fortnight $596 P&I @ 6.62% variable
If fixed at 5.99% and interest only it would be $923 per month…[Read more]

]]> 5d43787cc7dd5906a2e32ff019fc9e9f booge replied to the topic Put extra $ into PPOR or IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405771-put-extra-into-ppor-or-ip/page/2/#post-4663009 Mon, 06 Feb 2012 20:01:18 +0000 As far as IO goes, at what stage do you pay down the principle? Or is it just left IO until you sell it? Always wondered what people did and why in this situation.

]]> 24060e6dfff17862af7b81f35e2be982 booge replied to the topic Put extra $ into PPOR or IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405771-put-extra-into-ppor-or-ip/#post-4663004 Sun, 05 Feb 2012 10:56:16 +0000 Thats what i was thinking by reducing the IP mortgage payments and paying the mortgage on our PPOR with the money saved.

]]> 891b8fede18d89a1505f6782c7855c97 booge replied to the topic Put extra $ into PPOR or IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405771-put-extra-into-ppor-or-ip/#post-4663002 Sun, 05 Feb 2012 10:53:12 +0000 I’d still keep the title in my name only. Just trying to get the property positively geared by smaller mortgage payments.

]]> e05f44645d72763d65572ba61321ce5e booge replied to the topic Put extra $ into PPOR or IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405771-put-extra-into-ppor-or-ip/#post-4662999 Sun, 05 Feb 2012 07:52:09 +0000 Cheers, thanks Richard for the tip. In your opinion is refinancing on the remaining loan amount $169K as a 25 year interest only a better idea to free up cash flow? That was what my intention was. As opposed to just making my current mortgage of $204K an interest only loan?

]]> 866580a5946bd3fe56999413b6718d94 booge replied to the topic Put extra $ into PPOR or IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405771-put-extra-into-ppor-or-ip/#post-4662996 Sat, 04 Feb 2012 04:02:50 +0000 I’d always assumed that paying down all debt was better. I was checking out the Chan-Naylor website, I think i may have to see them for the right advice.

Anyone here used their services?

]]> 4ac8cb8dd65113529bf5488fdb64ef7d booge replied to the topic Put extra $ into PPOR or IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405771-put-extra-into-ppor-or-ip/#post-4662991 Fri, 03 Feb 2012 09:41:32 +0000 The IP is purely in my name from before i met my wife. Haven’t refinanced yet, meeting with Mortgage broker next week to discuss. The original loan was for $202K(30 year loan), now i owe $169K and was thinking of refinancing (25 year loan) so my fortnightly repayments are less.

Any advice would be appreciated prior to meeting the broker!

]]> 61e11e0b8ba9e15b207916167597e803 booge replied to the topic HOW PLANNING WILL HELP YOU SUCCEED in the forum Help Needed! https://www.propertyinvesting.com/topic/4405753-how-planning-will-help-you-succeed/#post-4662867 Fri, 03 Feb 2012 09:25:39 +0000 I agree with having a plan, I don’t have one though. Where do you start? I say the usual, “I want money so I don’t have to work if i don’t want to”.

I’ve always thought about writing down a plan, but have no idea how to REALLY go about it, because I don’t know enough about how to get there.

]]> 52784273847aeac8f58fa089c96f0602 booge replied to the topic Put extra $ into PPOR or IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405771-put-extra-into-ppor-or-ip/#post-4662989 Fri, 03 Feb 2012 09:20:59 +0000 Forgive my ignorance, but how come?

]]> a5c4fdffb69ba8659449839fbf932d36 booge replied to the topic CGT on property in the forum Help Needed! https://www.propertyinvesting.com/topic/4405565-cgt-on-property/#post-4661651 Mon, 09 Jan 2012 03:19:19 +0000 If i was to “move back in” to the investment property, does the taxman put time frames on how long you need to be there to avoid tax?

]]> dbf9fb560690928bc526c4dc50f63341 booge replied to the topic Am I too much of a loan risk? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405505-am-i-too-much-of-a-loan-risk/#post-4661222 Sat, 31 Dec 2011 10:00:45 +0000 Probably good advice, the house will be chaotic for a while until we sort ourselves out.

]]> 4797d3f063966442880b7c3899cf4767 booge replied to the topic Is it possible to buy multiple IP's without creating a trust? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405484-is-it-possible-to-buy-multiple-ips-without-creating-a-trust/#post-4661105 Wed, 28 Dec 2011 20:03:12 +0000 I know there’s the asset protection reasons, tax reasons (which I’m still trying to understand!). I did hear the the Federal Government will be introducing tax laws that will target trusts now.

]]> dbb4bc17cff0c4838599f48b875d72ea booge replied to the topic Should I use property investment advisors? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405425-should-i-use-property-investment-advisors/#post-4660537 Tue, 20 Dec 2011 22:12:47 +0000 Another lesson learned. Thanks

]]> e97b1fb932b52444242b7a4d462c27e0 booge replied to the topic Should I use property investment advisors? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405425-should-i-use-property-investment-advisors/#post-4660533 Tue, 20 Dec 2011 08:41:32 +0000 I’ll be doing that. If anyone has a decent accountant that excels with property stuff please let me know.

]]> a56f2af630406fecb1c7ee06f4a49eb5 booge replied to the topic Should I use property investment advisors? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405425-should-i-use-property-investment-advisors/#post-4660530 Tue, 20 Dec 2011 07:47:31 +0000 I had some email correspondence with a mortgage broker. Not the news i was after, although i take it with a grain of salt, Based on a brief questionnaire online I was told he doesn’t think it’s possible to buy an investment property. However……what wasn’t discussed was loan options, changing my current loan to interest only etc etc. I’ve…[Read more]

]]> 0d77812190686a16bb174cc9dbd649ef booge replied to the topic Equity question - sorry for sounding dumb! in the forum Income around 75K, looking https://www.propertyinvesting.com/topic/4405432-equity-question-sorry-for-sounding-dumb/#post-4660582 Sat, 17 Dec 2011 23:41:12 +0000 Income around 75K, looking at rural investment properties in Victoria. Seem fairly good investments from what I’ve found so far. Many good houses for around the $200K mark which is what sparked my interest in the equity question.

]]> c2de55580213b7901d27c585f5e49f46 booge replied to the topic Should I use property investment advisors? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405425-should-i-use-property-investment-advisors/#post-4660524 Sat, 17 Dec 2011 00:24:42 +0000 Many thanks for the reply. I’m not financially minded at all ! I used Mortgage choice to help with my first mortgage, I’m not sure how specialised they in arranging finances effectively to minimise risk. Would more of a freelance mortgage broker be a better option?

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