PropertyInvesting.com | BorgInvestor | Activity https://www.propertyinvesting.com/members/borginvestor/activity/ Activity feed for BorgInvestor. Mon, 13 Apr 2026 09:06:34 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 4a4c3be27f3aee4db410b8e65c26b182 BorgInvestor replied to the topic Fed budget in the forum Finance https://www.propertyinvesting.com/topic/4385447-fed-budget/#post-4547227 Fri, 12 May 2006 06:28:57 +0000 I believe the changes to depreciation do not apply to investment properties.

]]> 200fd687398ed963a1f649d21132550f BorgInvestor replied to the topic REWARD!!!! For New company name in the forum Help Needed! https://www.propertyinvesting.com/topic/4385197-reward-for-new-company-name/#post-4546046 Tue, 25 Apr 2006 23:30:53 +0000 I thought you needed to be a Licenced Real Estate Agent to do Property Management? If this isnt the case I might start offering this service up in the NT!

]]> 89059c1f13d5a221be2b0d091eb58250 BorgInvestor replied to the topic Mortgage Brokers h e l p . . . . in the forum Finance https://www.propertyinvesting.com/topic/4384908-mortgage-brokers-h-e-l-p/#post-4544477 Sat, 01 Apr 2006 03:52:27 +0000 Missed out on the deal. It’s already under offer/contract now. Was only on the market a few days. I guess you really need to have cash ready the minute you find these deals.

]]> 3b9a50c4669a63b238fc96d8f2b1ef6b BorgInvestor replied to the topic Mortgage Brokers h e l p . . . . in the forum Finance https://www.propertyinvesting.com/topic/4384908-mortgage-brokers-h-e-l-p/#post-4544474 Thu, 30 Mar 2006 14:04:13 +0000 Actually, I draw back of equity will probably be better.

]]> b33b83082ade902aa4bc27b79b640c4e BorgInvestor replied to the topic Mortgage Brokers h e l p . . . . in the forum Finance https://www.propertyinvesting.com/topic/4384908-mortgage-brokers-h-e-l-p/#post-4544473 Thu, 30 Mar 2006 13:40:55 +0000 Richard,

I am very interested in persuing this further with you. I can very likely come up with 15% of $430,000 as a deposit from the sale of one of my IPs in the area, and cover additional costs for the aquisition. Im not too worried about the higher interest rate as it will be an asset that will appreciate in value reasonably quickly.

Borg.

]]> 23ab7716d546c87123937216579be7c2 BorgInvestor replied to the topic Mortgage Brokers h e l p . . . . in the forum Finance https://www.propertyinvesting.com/topic/4384908-mortgage-brokers-h-e-l-p/#post-4544471 Thu, 30 Mar 2006 12:51:10 +0000 What’s the max LVR?

]]> b9e3b602532673eba16e56ab8797210b BorgInvestor replied to the topic Mortgage Brokers h e l p . . . . in the forum Finance https://www.propertyinvesting.com/topic/4384908-mortgage-brokers-h-e-l-p/#post-4544468 Thu, 30 Mar 2006 12:09:30 +0000 Hi Richard,

The figures are as follows:-

6 2 br units close to CBD asking price $430,000
Yearly income from rentals $57,000
approx gross yield 13.5%
area has shown 12-15% growth in last 12 months.

Borg

]]> f3f9b96a114aa7e2409e3bfefd659374 BorgInvestor replied to the topic An article on attitude to debt. in the forum General Property https://www.propertyinvesting.com/topic/4384777-an-article-on-attitude-to-debt/#post-4543879 Tue, 21 Mar 2006 11:46:26 +0000 Mortgage Hunter,

Your wisdom on these forums never ceases to amaze me.

Borg

]]> 33185c375ed2bbe544f4f239f4b1ed5b BorgInvestor replied to the topic Captive Tenant Population in the forum Help Needed! https://www.propertyinvesting.com/topic/4384593-captive-tenant-population/#post-4542927 Tue, 07 Mar 2006 08:27:49 +0000 As far as I am aware a “captive rental population” is where Demand outstrips supply. EG there are more tennants than there are properties available. This creates pressures in the market… sometimes this means that rents go up, or that tennants may be more willing to sign a longer than normal lease, in order to secure a place to stay. This is just…[Read more]

]]> 2894581d60309333ed68d62180d458b4 BorgInvestor replied to the topic When agent asks "How much do you have to spend?" in the forum Help Needed! https://www.propertyinvesting.com/topic/4384394-when-agent-asks-how-much-do-you-have-to-spend/#post-4541522 Mon, 20 Feb 2006 11:49:09 +0000 When Im asked my price range, I usually say that I’m chasing the return and not limiting myself to a price range.

]]> d39124bd7532a509c40fc4a0fd560ec2 BorgInvestor replied to the topic USA property in the forum No Subject https://www.propertyinvesting.com/topic/4382890-usa-property/page/2/#post-4533744 Thu, 02 Feb 2006 15:58:04 +0000 *BUMP*
Im interested in investing with this Joint Venture in the USA. Is their any further info available?

Thanks,

BorgInvestor

]]> ba0f40746d1652d119367a0cf16b97e5 BorgInvestor replied to the topic Is it Possible? in the forum Help Needed! https://www.propertyinvesting.com/topic/4384094-is-it-possible-4/#post-4540175 Wed, 01 Feb 2006 01:56:54 +0000 Swifteagle,

Positive Cashflow property straight off the cuff is a rarety indeed at this point in time. EG:- buy a property for $100,000 and rent it out for $200 dollars a week.

There are however, opportunities around where you can increase the value of the property through rennovations or additions that can increase the base rental to nudge your…[Read more]

]]> 5364aee488d544a215297c971d1e18e8 BorgInvestor replied to the topic Finance Question in the forum Finance https://www.propertyinvesting.com/topic/4384045-finance-question-2/#post-4539951 Sat, 28 Jan 2006 17:12:16 +0000 Im currently with Wizard home loans for all my loans, who dont tend to loan money that isnt secured against a property. I’ve been referred by them to TIO, who apparently are quite good with commercial/business loans.

I’ll let you all know how I go this coming week.

]]> aac738d8399a6cc80896459eb0192f69 BorgInvestor replied to the topic Finance Question in the forum Finance https://www.propertyinvesting.com/topic/4384045-finance-question-2/#post-4539948 Sat, 28 Jan 2006 15:53:41 +0000 Thank you all for your replys. I very much appreciate your insight into my situation.

Mortgage Hunter:- with a top up to 95% of all properties I have access to approx $120,000. 120k is an estimated value based on the current value of all IP’s and PPOR combined and multiplied by 95%. I’m under the impression that this can then be capitalised up to…[Read more]

]]> 24d7cd537a54b6fa4048de4326ce383e BorgInvestor replied to the topic Inspired in the forum Heads Up! https://www.propertyinvesting.com/topic/4379793-inspired/#post-4512924 Wed, 07 Sep 2005 05:38:50 +0000 Up to $9000 Pos Cash flow p/a so far. Going strong!

Borg

]]> 1c7df0cdbb5c80eac9686c00b94d85fe BorgInvestor replied to the topic Financial Advice needed. Where to start in IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4382029-financial-advice-needed-where-to-start-in-ip/#post-4528459 Sun, 04 Sep 2005 23:32:11 +0000 Hello there!!! Before you make any decisions I suggest you read a book called “Rich Dad, Poor Dad” by Robert Kiyosaki. Very enlightening book, and good advice too. (I have a loaner if you want it)

Borg

]]> eed29e1d29034a088a939042173e4e9b BorgInvestor replied to the topic Darwin Updates, Please in the forum No Subject https://www.propertyinvesting.com/topic/4381865-darwin-updates-please/#post-4527457 Sun, 28 Aug 2005 06:22:32 +0000 I have lived in Darwin since 94. The market has really heated up especially in the last 12 months, and Palmerston in the last 6 months. As we are still well behind many of the other capital cities as far as price goes, it doesnt look like the market will level out for a while yet.

Borg.

]]> 6b532466f435c77a50ec06f3e25aeaab BorgInvestor replied to the topic Mount Isa in the forum General Property https://www.propertyinvesting.com/topic/4381791-mount-isa/#post-4526927 Sun, 21 Aug 2005 23:44:42 +0000 I’ve been to Mt Isa on my way through to other places a number of times. It’s main economy appears to be mining. In the last 12 months, the price has been pushed up across the board a fair bit. I can only summise that this has been due to out of town investors. You may find some good deals around there still. But I think (and this is only my…[Read more]

]]> 50deb8a73768521373597e01a0e06b0b BorgInvestor replied to the topic Selling +CF Property in the forum General Property https://www.propertyinvesting.com/topic/4381430-selling-cf-property/#post-4524350 Mon, 01 Aug 2005 09:58:15 +0000 Im sure you’ll find some interest here on these forums… Can you provide us with details? Failing that you could always advertise it in the local papers.

Borg

]]> dbcdaf275e175228fcf447fce1ac642f BorgInvestor replied to the topic !st timer from Darwin in the forum Help Needed! https://www.propertyinvesting.com/topic/4381074-st-timer-from-darwin/#post-4522196 Mon, 11 Jul 2005 11:07:23 +0000 I live in Darwin. Housing prices have surged ahead in the last 12 months in both the burbs, and Palmerston more recently. The last three auctions in Darwin have been interesting to say the least! I may be interested in a joint venture.

Borg

]]> 78d395b4064e4a6283cf407235b1713f BorgInvestor replied to the topic The Dangers of Using Equity to Fund Retirement in the forum General Property https://www.propertyinvesting.com/topic/4380966-the-dangers-of-using-equity-to-fund-retirement/#post-4521451 Thu, 30 Jun 2005 23:19:15 +0000 I’d be pretty hesitant to employ a strategy of drawing down equity to fund my retirement. I’d like to think that at the end of the day I could live with a comparible lifestyle to my current one, and be able to leave a generous nest egg for my kids.

]]> 8063d55c07a41fbb6ad5889e6eb3c60c BorgInvestor replied to the topic fhog - and non australian residents in the forum Help Needed! https://www.propertyinvesting.com/topic/4380925-fhog-and-non-australian-residents/#post-4521160 Mon, 27 Jun 2005 08:55:06 +0000 As far as I am aware at least one of them needs to be an Australian resident before they can receive the FHOG.

]]> 893b8f2ae68a44fa51ef1586f782407d BorgInvestor replied to the topic Inspired in the forum Heads Up! https://www.propertyinvesting.com/topic/4379793-inspired/#post-4512922 Sun, 26 Jun 2005 23:46:16 +0000 Before I go into what I have done so far, I’ll give you an idea of my finances before reading Steve’s books.

Paye wage earner $55,000 year
wife paye $35,000 year

$5000 credit card 1
$3000 personal loan
$2500 AGC Creditline (27% interest!)

Spent $110 per month on internet
Spent $120 per month on phone
Spent $50 per month on mobile phone…[Read more]

]]> b3cbb39c099ceaced936448330c4bdc8 BorgInvestor replied to the topic How do I know how much equity I have in the forum Finance https://www.propertyinvesting.com/topic/4380834-how-do-i-know-how-much-equity-i-have/#post-4520480 Mon, 20 Jun 2005 04:11:42 +0000 DOE… next time I’ll do my subtracting correctly!

]]> 7f4ed8191e79db2fcbd660cbf8ed05a5 BorgInvestor replied to the topic How do I know how much equity I have in the forum Finance https://www.propertyinvesting.com/topic/4380834-how-do-i-know-how-much-equity-i-have/#post-4520477 Sun, 19 Jun 2005 13:03:34 +0000 I guess it all depends on the amount of risk you are prepared to take on board.

]]> 634d44caa7e6a23ca1a71bec8daf733a BorgInvestor replied to the topic How do I know how much equity I have in the forum No Subject https://www.propertyinvesting.com/topic/4380834-how-do-i-know-how-much-equity-i-have/#post-4520475 Sun, 19 Jun 2005 12:17:12 +0000 A good method of accessing this equity would be to refinance with your nominated loan provider. Generally you’ll only be able to refinance up to 80% of the current value of the property. EG:-
.8 x 320,000=
256,000 (refinance available)

Current loan $230,000 gives you $16,000 available for use. You will need to subtract bank/lender fees from this…[Read more]

]]> 370bd90eb465f6dae4b1da91d5c65e85 BorgInvestor replied to the topic first time buyer in the forum Help Needed! https://www.propertyinvesting.com/topic/4380515-first-time-buyer/#post-4518266 Wed, 01 Jun 2005 00:16:43 +0000 Think “Low Doc” loan.

]]> 4fbe1e63fbeea12c0c0f0ddc3a59cd6c BorgInvestor replied to the topic How do these deals stack up? in the forum No Subject https://www.propertyinvesting.com/topic/4380525-how-do-these-deals-stack-up/#post-4518368 Mon, 30 May 2005 11:24:47 +0000 Heheh… Resistance is FUTILE!!

]]> ee441ed85a26f68c318191750764aaaa BorgInvestor replied to the topic How do these deals stack up? in the forum No Subject https://www.propertyinvesting.com/topic/4380525-how-do-these-deals-stack-up/#post-4518365 Mon, 30 May 2005 06:50:13 +0000 Im just a bit worried about the lower potential growth. I guess you cant have high rental yields and high cap gains as well.

]]> 5fbcfe804c88954c8762b0f06fba3342 BorgInvestor replied to the topic Internet Cafe Ideas in the forum Help Needed! https://www.propertyinvesting.com/topic/4380523-internet-cafe-ideas/#post-4518311 Mon, 30 May 2005 06:47:39 +0000 My suggestions for services would be:-

1) Basic internet access
2) Free email accounts
3) Provide LAN/internet gaming to groups and individuals
4) Basic vending machine food/drinks kind of stuff
5) Wireless connectivity for those who have their own laptop computers.

Etc

Borg.

]]> 110f171bb1739513014eb7d78b995b9f BorgInvestor replied to the topic Deposit on Property in the forum Help Needed! https://www.propertyinvesting.com/topic/4380445-deposit-on-property/#post-4517733 Wed, 25 May 2005 06:42:03 +0000 Thanks. I imagine that I could use the remainder of the 5% to offset my PPOR home loan.

]]> 4b6e12ffff456cef4b2a93610131c747 BorgInvestor replied to the topic Negative Gearing.... the part that wasnt mentioned in the forum No Subject https://www.propertyinvesting.com/topic/4380402-negative-gearing-the-part-that-wasnt-mentioned/#post-4517482 Mon, 23 May 2005 05:46:40 +0000 From the sounds of it you Mum is under the impression that with an interest only IP loan her overall cash flow is positive. This is then placed back into her PPOR to pay it off sooner along with the regular mortgage repayments.

If a property is Cash flow negative or Negatively geared by the very definition it is earning less than it is producing…[Read more]

]]> e732a7e1023958a1dc51ea90325a138b BorgInvestor replied to the topic Thoughts on this deal in the forum Help Needed! https://www.propertyinvesting.com/topic/4380101-thoughts-on-this-deal/#post-4515066 Sat, 07 May 2005 11:10:20 +0000 I will be getting a pest inspection and building inspection done definately. There are some minor repairs needed, but I can pretty much do them myself next time Im down in the area. I’m trying to negotiate for early access to the 2 properties so I can make the repairs/value add before the titles pass hands and I can get a tennant in the second $65k unit.

]]> e037fb98ad27c390a8fdadbaa56c79aa BorgInvestor replied to the topic Looking for Pos. Cashflow IP in & around Brisbane in the forum Help Needed! https://www.propertyinvesting.com/topic/4379829-looking-for-pos-cashflow-ip-in-around-brisbane/#post-4513062 Fri, 22 Apr 2005 00:04:11 +0000 Hi Joanne,

First thing; I suggest you get Steve’s second book, as it contains a lot of good insights into the current property market. You probably wont find many properties that meet the 11 second test in the Brisbane area straight off the cuff, especially if you are looking solely on realestate.com.au. You need to get out and see some real…[Read more]

]]> 38ac167e0f50b64e3689a41bb1bbae36 BorgInvestor replied to the topic Sell or Rent? in the forum No Subject https://www.propertyinvesting.com/topic/4379781-sell-or-rent/#post-4512867 Tue, 19 Apr 2005 13:51:12 +0000 I’m no expert, but if it was me this is what I’d do.

A) Keep the property. As it stands you are reasonably close to breaking even already.

B) Look for ideas to value add cheaply to increase your potential rent.
– Get some cheap furniture and advertise as a furnished dwelling
– Negotiate with the tennants see if there is anything that you can do to…[Read more]

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