PropertyInvesting.com | Bootlace | Activity https://www.propertyinvesting.com/members/bootlace/activity/ Activity feed for Bootlace. Sat, 11 Apr 2026 10:25:02 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 0925f8ea9c7b38640b388ed6f6ce7783 Bootlace replied to the topic Aussie rob in the forum Help Needed! https://www.propertyinvesting.com/topic/4396218-aussie-rob/#post-4603930 Fri, 15 May 2009 11:03:24 +0000 SNM, you are on the money. The reason i asked for clarification (i'm a card counter from way back to my uni days) is that it seemed to me that perhaps this Aussie Rob guy was making a comparison between share trading and gambling, in that money management and stop losses are the way to riches.If this was the case then i would ignore EVERYTHING…[Read more]

]]> 280adba5cb23b4e28ab82880c05017fe Bootlace replied to the topic Aussie rob in the forum Help Needed! https://www.propertyinvesting.com/topic/4396218-aussie-rob/#post-4603928 Fri, 15 May 2009 08:44:13 +0000 shanes388 wrote:
You win only slightly more trades than you lose but through managing probabilities and $ risks you come out ahead. Casinos and poker machines work the same!!

Can you clarify what you meant by this statement? Are you claiming that you can be a long term winner by playing casino games and the pokies simply through loss management…[Read more]

]]> a456718b2cdfb6756c2e3bce80f8f305 Bootlace replied to the topic Arbitrage Sports betting in the forum Sorry to dig up an https://www.propertyinvesting.com/topic/4394665-arbitrage-sports-betting/page/2/#post-4595324 Thu, 07 May 2009 09:44:14 +0000 Sorry to dig up an old thread but i wonder if any of the entities mentioned here may have been involved?http://www.police.qld.gov.au/programs/crimePrevention/eCrime/scams/sportsArbitrgeInvstigtn.htm

]]> 41db679e74189e6dbfa82a1dfd915fb2 Bootlace replied to the topic Brisbane Property Market in the forum Help Needed! https://www.propertyinvesting.com/topic/4396039-brisbane-property-market/#post-4602973 Mon, 20 Apr 2009 22:34:52 +0000 snaper wrote:
All the talk around this area is about if/when proper public transport will come out this way, and personally I think North Lakes is getting so big it may very well happen in next 5 years. Certainly out west (Springfield lakes, towards Ipswitch I believe this almost a reality)

When it comes to public transport in Brisbane i…[Read more]

]]> 03474d751eaf81766b0371c3412062b3 Bootlace replied to the topic What type of vehicle do you have ?? in the forum Opinionated! https://www.propertyinvesting.com/topic/4381491-what-type-of-vehicle-do-you-have/page/18/#post-4524988 Mon, 06 Apr 2009 23:04:50 +0000 I think i'd be too scared to take it for a run, i'd be more than happy enough just to be in the same room  as one!It would have to be by far the rarest of the old school Aussie cars, and there have been some rare ones… The VL SV F20 (i guess VL's can be called old school now!) had only 4 examples also, 2 that were sold to the public and 2 that…[Read more]

]]> c969b636f2070ea9280727729ba139b2 Bootlace replied to the topic What type of vehicle do you have ?? in the forum Opinionated! https://www.propertyinvesting.com/topic/4381491-what-type-of-vehicle-do-you-have/page/18/#post-4524985 Mon, 06 Apr 2009 18:24:04 +0000 Lalibella wrote:
Well ,Ford Phase 4 GTHO Falcon actually. Great to drive to work each day……My brother just met a guy who bought one in the seventies for 20K. Has sat safely in his garage since then, rarely driven.Now worth…..? anyone's guess.Google it.

Far out, if it's genuine it would be worth well into the 7 figure range given that P…[Read more]

]]> 0ad17f8f0ef46e6ee4b30cbc92c42ede Bootlace replied to the topic What type of vehicle do you have ?? in the forum The car i'm currently https://www.propertyinvesting.com/topic/4381491-what-type-of-vehicle-do-you-have/page/18/#post-4524982 Sun, 05 Apr 2009 23:49:46 +0000 The car i'm currently driving is a 1999 Holden Commodore S Pack factory supercharged.I saw it advertised on Ebay just after it was listed with a starting price of $1800 and i emailed him hoping his reserve would be around $4500-$5000 but not really expecting it to be…. I then got an email back saying he would sell it today for $1500! I dropped…[Read more]

]]> 4ef9fe4b514cf81ebfb7318abf5a9ee7 Bootlace replied to the topic Credit file issue in the forum Finance https://www.propertyinvesting.com/topic/4395900-credit-file-issue/#post-4601983 Sun, 05 Apr 2009 23:25:33 +0000 Hi ToWhomItMayInterest, are your defaults paid? Unpaid? Currently being repaid etc? While there is no such thing as a good default, a default which has been paid is seen as significantly better than an unpaid default. Another factor that comes into play is the recency of the blemishes, for example, if all defaults were paid in full 3+ (or another…[Read more]

]]> 97dfa15a7c8a85bab6d4dcae0c35db19 Bootlace replied to the topic No Deposit Loan in the forum Finance https://www.propertyinvesting.com/topic/4395812-no-deposit-loan-2/#post-4601453 Sun, 29 Mar 2009 07:22:40 +0000 The vital piece of info missing here is whether your 210k in shares was funded by a margin loan?If your shares are heavily geared, you are going to have problems (obtaining finance) until you clear some debt, but if your shares are unencumbered you have options (so to speak!)Let's assume you have no margin loan for the purposes of this example.…[Read more]

]]> aaf89f7f34513e2791d131200b03b4f1 Bootlace replied to the topic FHB questions: buying a property with cash, and <$100k mortgage in the forum Finance https://www.propertyinvesting.com/topic/4395836-fhb-questions-buying-a-property-with-cash-and/#post-4601576 Sun, 29 Mar 2009 07:01:05 +0000 alexz1011 wrote:
Thanks for the replies guys. My dad has also just called to say that he could only afford giving me exactly $360k. No more. So I need to get a mortgage of around $100k. Any of you could recommend some home loan products for me to consider that might suit a loan of $100k? I have some savings of $40k, I am now earning $45k pa. I…[Read more]

]]> 1a1d270ebea85be9685cb2a3191c2ed7 Bootlace replied to the topic FHB questions: buying a property with cash, and <$100k mortgage in the forum Finance https://www.propertyinvesting.com/topic/4395836-fhb-questions-buying-a-property-with-cash-and/#post-4601575 Sun, 29 Mar 2009 06:54:23 +0000 Beaten to the punch by Richard. My apologies!Best you listen to his advice rather than mine anyway :P

]]> 0838c4236da6c51ebced5593f9f2ceff Bootlace replied to the topic FHB questions: buying a property with cash, and <$100k mortgage in the forum Finance https://www.propertyinvesting.com/topic/4395836-fhb-questions-buying-a-property-with-cash-and/#post-4601573 Sun, 29 Mar 2009 06:53:14 +0000 Alan i have to disagree with you on a few points.Pending any probationary period that may be in place, i'd say that alexz1011 would certainly find mainstream financiers would lend the amount in question. There is certainly sufficient income to service a loan of that size (unless there are other large debts we are unaware of) and with a very low…[Read more]

]]> 80882034d1a4ad5976ab42f56ab084ef Bootlace replied to the topic WIN - WIN opportunity that's INVENTIVE..... BUT how do I go about making it work ????? in the forum Help Needed! https://www.propertyinvesting.com/topic/4395705-win-win-opportunity-thats-inventive-but-how-do-i-go-about-making-it-work/#post-4600973 Mon, 16 Mar 2009 23:19:48 +0000 Ok maybe i'm cynical, but i'd be very wary of this offer. It sounds to me that they simply wish to purchase an option on the property.My parents in law recently had their house on the market and were bombarded with offers of 'i'll pay you $10,000 today and the asking price in 2 years time and in the meantime i'll pay rent at market value'In my…[Read more]

]]> 7820afd1b1aa7737855bd2553117bc09 Bootlace replied to the topic Arbitrage Sports betting in the forum Heads Up! https://www.propertyinvesting.com/topic/4394665-arbitrage-sports-betting/page/2/#post-4595321 Fri, 06 Feb 2009 06:08:25 +0000 WJ Hooker, with respect, you might want to research the term 'Martingale System' because this is effectively what your staking plan is.I do not profess to be a professional gambler, however i have considerable experience in the area of probability, expectation (negative and positive) mostly gleaned from my years as a part time card…[Read more]

]]> d8d4ea11476f5e5b7337230f7d7c838c Bootlace replied to the topic Arbitrage Sports betting in the forum Heads Up! https://www.propertyinvesting.com/topic/4394665-arbitrage-sports-betting/#post-4595307 Mon, 24 Nov 2008 12:03:26 +0000 Sports arbitrage betting has been around for a long time. In theory it sounds great, but there are MANY pitfalls. To list just a few…1. Arbing often relies on very small margins, therefore a substantial sum must be wagered before a decent amount can be returned. As you have already pointed out Terry, you need accounts with an enormous number of…[Read more]

]]> f0fbf7b4a161a7601712fbfcda98be11 Bootlace replied to the topic with $260k-$300k which area in Brisbane would you recommend? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392355-with-260k-300k-which-area-in-brisbane-would-you-recommend/#post-4582947 Sun, 17 Feb 2008 06:03:07 +0000 businessglobal wrote:
I would probably look Beenleigh, Eaglby, Slacks Creek, Marsden/ CresmeadGood area, proven growth, strong rental demand and close to SE Freeway and core South side employment bases.

Yikes! I hate to pick Kylie, but the suburbs you have listed are unquestionably amongst the worst areas in SE QLD! I fail to see how anyone…[Read more]

]]> f676809a89870a5a34fc2bc80539eae4 Bootlace replied to the topic Who's a fantastic finance specialist? in the forum Finance https://www.propertyinvesting.com/topic/4387861-whos-a-fantastic-finance-specialist/#post-4559585 Fri, 05 Jan 2007 07:15:25 +0000 As a broker based in Brisbane myself, i’d be lying if i didn’t say i’d appreciate all the business i could get…

However being only a relatively inexperienced broker and also not a great contributor to this forum (yet) morally i don’t feel i have the right to trawl for business on this particular site.

Kylie, while you may well be an…[Read more]

]]> 17d1a9376026f27f267b9afa9a51fd96 Bootlace replied to the topic Sample and partners in the forum Finance https://www.propertyinvesting.com/topic/4371183-sample-and-partners/#post-4454018 Fri, 29 Dec 2006 10:48:20 +0000 In fact reading back over happy customer’s post, several parts seem suspiciously similar to the S&P script. Hmmmm.

]]> bfe88af7cacf8b536801356c9484d987 Bootlace replied to the topic Sample and partners in the forum Finance https://www.propertyinvesting.com/topic/4371183-sample-and-partners/#post-4454017 Fri, 29 Dec 2006 09:56:41 +0000 Just a wild guess, but perhaps ‘happy customer’ may be happy because he/she is somehow affiliated with S&P…..

I find it hard to believe anyone could have anything positive to say about them.

]]> e8077c6b0a9b9c2d274a65c224a9611e Bootlace replied to the topic Sample and partners in the forum Finance https://www.propertyinvesting.com/topic/4371183-sample-and-partners/#post-4454015 Fri, 29 Dec 2006 08:16:59 +0000 http://jenman.com.au/NewsQuestions1.php?id=229

http://www.findlaw.com.au/news/default.asp?task=read&id=28967&site=CN

]]> 243de4dfea423b4d0a4a4e8bed748a48 Bootlace replied to the topic Sample and partners in the forum Finance https://www.propertyinvesting.com/topic/4371183-sample-and-partners/#post-4454014 Fri, 29 Dec 2006 08:15:30 +0000 Like Geronimo, i worked for a subsidiary company of Sample and Partners (possibly the same one).

When i say i ‘worked’ for them, i did the initial 2 weeks training and went to a total of 3 clients interviews before i told them where they could stick their job.

World Home Loans is in fact owned by Sample and Partners, despite the fact that their…[Read more]

]]> deb904a88e06fafefcf8b6f4d9895fd0 Bootlace replied to the topic DEF (Defered Entry Fees) in the forum Help Needed! https://www.propertyinvesting.com/topic/4387786-def-defered-entry-fees/#post-4559196 Fri, 29 Dec 2006 02:39:06 +0000 Just a minor point but DEF usually stands for deferred establishment fees, means exactly the same thing i guess but if you come across this terminology in the future don’t be confused.

]]> afa21633f09ca23bc960e584220e61ce Bootlace replied to the topic renting in the forum Help Needed! https://www.propertyinvesting.com/topic/4387788-renting-6/#post-4559211 Fri, 29 Dec 2006 02:35:01 +0000 You don’t live in QLD by any chance do you?

At the moment up here there is a massive under-supply of rental properties and most that become available are usually flooded with applications. They are even holding rental auctions! It is simple mathematics to work out that most applicants in this situation will be unsuccessful.

Don’t give up home…[Read more]

]]> 528fa3e5bcd7e164a0bd3c6d33bf0b8b Bootlace replied to the topic Why an ABN ? in the forum Finance https://www.propertyinvesting.com/topic/4387773-why-an-abn/#post-4559137 Thu, 28 Dec 2006 02:45:19 +0000 As Bridgebuff points out, generally ABN’s are required to be eligible for a lo-doc loan.

There are instances however when this does not apply, there are lo-docs available for PAYG employees (therefore an ABN is not required) and there are also a number of lo-docs where an ABN isn’t required, or isn’t checked. Westpac i believe doesn’t check ABN’s…[Read more]

]]> d936cc30e5af65865e258b0abbbaf5dd Bootlace replied to the topic Need advice on PI for absolute beginner in the forum Help Needed! https://www.propertyinvesting.com/topic/4387771-need-advice-on-pi-for-absolute-beginner/#post-4559121 Wed, 27 Dec 2006 13:34:30 +0000 Sorry, $200 a week should read $200 a fortnight. It’s been a long day!

]]> c537c1734da5b8c7a39731dd6245c85d Bootlace replied to the topic Need advice on PI for absolute beginner in the forum Help Needed! https://www.propertyinvesting.com/topic/4387771-need-advice-on-pi-for-absolute-beginner/#post-4559120 Wed, 27 Dec 2006 13:32:41 +0000 Hi Robyn,

In my opinion, if you are struggling to meet current repayments then perhaps the IP idea should be put on hold until the disposable income situation improves.

In the current market, cashflow positive properties are difficult to find, therefore in all probability an IP would just add to your outgoings, rather than supplement your…[Read more]

]]> 8dddc6c0c6b8cdfcc85ade085d108bce Bootlace replied to the topic What Structure? Business or Trust. in the forum Help Needed! https://www.propertyinvesting.com/topic/4387764-what-structure-business-or-trust/#post-4559085 Wed, 27 Dec 2006 11:06:28 +0000 Originally posted by Terryw:
Trusts can help cap tax at 30% as they can distribute to a company as a last resort. Company tax rate is a flat 30%.

While certainly theoretically possible, wouldn’t that defeat the purpose of a trust entirely?

Although i certainly don’t profess to be an expert in this area, if someone was happy enough to be taxed…[Read more]

]]> c8133d54b17b5e47e33342a31a9517c7 Bootlace replied to the topic Loan on casual employment possible? in the forum Finance https://www.propertyinvesting.com/topic/4387769-loan-on-casual-employment-possible/#post-4559107 Wed, 27 Dec 2006 10:58:56 +0000 One particular lender i deal with quite a lot when it comes to casually employed applicants lends to 100% LVR if casually employed for 12 months or longer, with an extremely competitive rate. However it’s very hard to get a high LVR loan (90%+) at adecent rate if casually employed less than a year.

As Terry mentioned, if your husband has only…[Read more]

]]> 3ae9c5864fd47351d37e7dfa12ca14b6 Bootlace replied to the topic Quick Firstmac questions in the forum Finance https://www.propertyinvesting.com/topic/4387673-quick-firstmac-questions/#post-4558662 Tue, 12 Dec 2006 08:42:03 +0000 Thank you Terry, as usual you are a wealth of information!

]]> 8a135a8c60ccdc3b856826c914526df6 Bootlace replied to the topic do i or dont i in the forum Help Needed! https://www.propertyinvesting.com/topic/4387643-do-i-or-dont-i/#post-4558540 Sun, 10 Dec 2006 03:03:17 +0000 You quote $7000 for fees also, i’m not sure what state you are in but in South Australia you would be looking at over $7000 for stamp duty alone, nevermind LMI, conveyancing, valuations and so on.

Even in the least expensive states/territories you would be looking at around the $5000 mark just for stamp duty.

]]> 6a1a3c51c26b7071246c42d3d40d24dc Bootlace replied to the topic do i or dont i in the forum Help Needed! https://www.propertyinvesting.com/topic/4387643-do-i-or-dont-i/#post-4558537 Sat, 09 Dec 2006 14:31:33 +0000 I assume you would be borrowing the $185000 through accessing the equity you have in your own home?

If not then it will be impossible to borrow $185000 against a property valuation of $163000 unless a personal loan or similar was involved which really isn’t a good idea in my opinion.

I realise this is a simplistic question and i’m sure you are…[Read more]

]]> f365b92e356ca69aebf5b1702c63c3f1 Bootlace replied to the topic HELP Finance Brokers in the forum Help Needed! https://www.propertyinvesting.com/topic/4387622-help-finance-brokers/#post-4558433 Fri, 08 Dec 2006 03:10:56 +0000 Just adding further to what Wayne said…

In this scenario i doubt the MIAA will be of much use in this case. The MIAA is more of a figurehead professional accreditation service which most lenders require you to be a member of before authorising you to write loans on their behalf.

COSL is the credit industry ombudsman and in my opinion would be…[Read more]

]]> ca4bf246718bb4ee3312ffaf0594200f Bootlace replied to the topic ABN in the forum No Subject https://www.propertyinvesting.com/topic/4387428-abn/#post-4557559 Fri, 17 Nov 2006 12:04:51 +0000 Go to http://www.abr.gov.au and apply online. Takes about 5 minutes and your ABN is emailed to you instantly (assuming no futher checks need to be conducted)

Much easier than dealing with the ATO!

]]> 63e7c90cb7f4afb02213996c7710f22b Bootlace replied to the topic SE QLD- Toorbul- Land 4 Sale- Deal sounds good! in the forum Help Needed! https://www.propertyinvesting.com/topic/4387416-se-qld-toorbul-land-4-sale-deal-sounds-good/#post-4557492 Fri, 17 Nov 2006 10:21:13 +0000 Haha no, i actually used to live in the area and know the house, that was the only reason i singled it out. No doubt there are many better buys, i was thinking primarily of the land value rather than the dwelling anyway, i’m a bit peculiar in that way!

Anyway hope it goes well and you find something suitable, be sure to let us know how it goes :)

]]> ec3a876ef93af8061c058de9b9d7fce8 Bootlace replied to the topic SE QLD- Toorbul- Land 4 Sale- Deal sounds good! in the forum Help Needed! https://www.propertyinvesting.com/topic/4387416-se-qld-toorbul-land-4-sale-deal-sounds-good/#post-4557490 Fri, 17 Nov 2006 09:44:56 +0000 Personally i’d prefer something like this on Bribie.

http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=103427613&f=10&p=10&t=res&ty=&fmt=&header=&c=30136837&s=qld&snf=rbs&tm=1163749292

Quite a few older homes in the Bellara/Bongaree region for mid 200’s, it’s just my opinion but unless you have a particular affinity for the Toorbul lifestyle,…[Read more]

]]> 60d9c7a3f9e6da4e4916b7f852db6f06 Bootlace replied to the topic SE QLD- Toorbul- Land 4 Sale- Deal sounds good! in the forum Help Needed! https://www.propertyinvesting.com/topic/4387416-se-qld-toorbul-land-4-sale-deal-sounds-good/#post-4557486 Thu, 16 Nov 2006 00:55:03 +0000 Toorbul is a funny old place….

As the crow flies it is not too far off the beaten track, but it seems to take ages to get anywhere from there! For instance you could virtually throw a stone across the passage to Bribie Island, but to drive there takes the best part of 30-35 minutes. It really is quite isolated. Caboolture is the nearest major…[Read more]

]]> 4aaf7c20062f7ea21f79a22c6cc6acf8 Bootlace replied to the topic Brisbane in the forum Help Needed! https://www.propertyinvesting.com/topic/4386978-brisbane-3/#post-4555538 Fri, 06 Oct 2006 04:59:24 +0000 As Lena mentioned, you will probably have to be more specific, there are many southern Brisbane suburbs and quite a few bayside suburbs as well.

Not only are there are a large number of suburbs, but the southside in particular has a massive variance in suburban ‘desirability’ (and therefore price). It contains some of the best suburbs in Brisbane…[Read more]

]]> 7304b5cf764429916bda73eaa7876d4b Bootlace replied to the topic Is this a good deal? in the forum Help Needed! https://www.propertyinvesting.com/topic/4386754-is-this-a-good-deal-5/#post-4554403 Thu, 14 Sep 2006 10:05:35 +0000 Hi Lena, there a few things i’d be very wary of with properties such as this.

As you probably already know, capital gain in the less desirable suburbs of Brisbane, particularly with units, has been less than impressive in recent times. I’m only taking a stab in the dark here but 30k south of the CBD i’m taking a punt at maybe the…[Read more]

]]> 7b11d4533f5eb94e99ea6183321db46a Bootlace replied to the topic LO DOC/NO DOC in the forum Finance https://www.propertyinvesting.com/topic/4386699-lo-docno-doc/#post-4554141 Wed, 06 Sep 2006 23:37:22 +0000 The catch is lo-doc and no-doc loans require a substantially larger deposit.

Where with traditional full documentation loans you can borrow up to and in excess of 95% LVR, as TerryW says you would generally be looking at an 80% LVR at best for a no-doc loan. It ties up a lot of capital that wouldn’t otherwise be required if full documentation…[Read more]

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