PropertyInvesting.com | boshie | Activity https://www.propertyinvesting.com/members/boshie/activity/ Activity feed for boshie. Sat, 11 Apr 2026 10:52:58 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 8e6fa1c33d2454df2a2db86b2588fae0 boshie replied to the topic Next question: Should we borrow the deposit for IP or use cash? in the forum Help Needed! https://www.propertyinvesting.com/topic/4997399-next-question-should-we-borrow-the-deposit-for-ip-or-use-cash/#post-4997428 Wed, 03 Dec 2014 12:36:16 +0000 Thankyou all. Appreciating the advice. I don’t have an offset account to put it in, as we don’t have a PPoR. We are living in a company house with virtually no rent/overheads. Might look to put it in a managed fund for a rainy day!

]]> 2bcea4c5c4b9496f3810b6c4284ab98b boshie replied to the topic Next question: Should we borrow the deposit for IP or use cash? in the forum Help Needed! https://www.propertyinvesting.com/topic/4997399-next-question-should-we-borrow-the-deposit-for-ip-or-use-cash/#post-4997408 Wed, 03 Dec 2014 02:56:44 +0000 OK, so this may be my next dumb question but if I’m not using cash as deposit then what should I be doing with it?

]]> 7aecc77c8a400eac0b697937a02680e9 boshie started the topic Next question: Should we borrow the deposit for IP or use cash? in the forum Help Needed! https://www.propertyinvesting.com/topic/4997399-next-question-should-we-borrow-the-deposit-for-ip-or-use-cash/ Tue, 02 Dec 2014 14:47:02 +0000 OK, I’m getting there slowly with our investment portfolio, but still unsure about a few things.

We currently have one IP valued at $900k with $560k mortgage (this used to be our PPoR, but now we’re living in a company house with no outgoings except $80/week rent).
Between us we earn $200k/pa.
$180k cash in bank.
Recently purchased 2 units for…[Read more]

]]> 9176238752b130a2cda6439dc6f896b3 boshie replied to the topic What to do with inheritance... in the forum Help Needed! https://www.propertyinvesting.com/topic/4991941-what-to-do-with-inheritance/#post-4991975 Thu, 19 Jun 2014 12:40:52 +0000 Thanks for your replies, I was hoping for a bit more input from any other professionals out there pleeeeez?

]]> c898d5ff0a3bffc735e30e4ba5d160d2 boshie started the topic What to do with inheritance... in the forum Help Needed! https://www.propertyinvesting.com/topic/4991941-what-to-do-with-inheritance/ Wed, 18 Jun 2014 15:42:53 +0000 Hello,

I’m so confused and want to make sure we start our investment portfolio the best way possible, right from the start.
Here’s our current situation:

My partner & I have young 3 kids.
One property in Sydney recently valued at $930k. Current mortgage $559k. Currently tenanted at $820/week. We have a 3 year Fixed Rate Investment Property…[Read more]

]]> f4430c6fa3d154a2c67ee767ec3c9cc1 boshie replied to the topic Financial Advice needed please... in the forum Hi Terry https://www.propertyinvesting.com/topic/4409114-financial-advice-needed-please/#post-4689340 Fri, 05 Apr 2013 11:20:52 +0000 Hi Terry

Thanks so much for your comments.   In response:

1.  I will definately call the credit card company – considering the amount of interest we've already paid to them over the past year or so I'd like to think they would take that into account and work with us to help pay it off.
2.  I have spoken with the ATO and we have set up a monthly…[Read more]

]]> 1718ee7dc17bcc905271d15bdeaa5a2e boshie replied to the topic Financial Advice needed please... in the forum Help Needed! https://www.propertyinvesting.com/topic/4409114-financial-advice-needed-please/#post-4689337 Fri, 05 Apr 2013 06:52:59 +0000 Yes cashflow is super tight so we realise now that the offset account is of no benefit at all.  We are much better getting a lower rate on a fixed 3 year term.   Paying off all those debts is critical so realistically we will be extremely cashflow poor for the next 2-3 years.   
Still smiling though!!!   Phew smiley

]]> 30e0e1bc1da32b04fac43c05447a2a6d boshie replied to the topic Financial Advice needed please... in the forum Hi Shahin, https://www.propertyinvesting.com/topic/4409114-financial-advice-needed-please/#post-4689335 Fri, 05 Apr 2013 04:44:17 +0000 Hi Shahin,
our credit card has been over the $22.5k limit for the past 4 months with hardly any amount being put on it..   Plus we had to hold our mortgage repayments for 3 months last year due to financial hardships.  Husband hasn't had a steady income for over 12 months due to operations, loss of business, etc. but has now secured a full-time…[Read more]

]]> 69ba91bf6ba86a7a5c4b3ff51be0a626 boshie replied to the topic Financial Advice needed please... in the forum Help Needed! https://www.propertyinvesting.com/topic/4409114-financial-advice-needed-please/#post-4689333 Fri, 05 Apr 2013 03:46:51 +0000 I agree Jamie, but at the moment we are struggling to get us thru to the next mortgage repayment.
In a few months time, I'm sure we'll be in a better position, but I've just got to get us through which is why I've been trying to do a deal with the bank then ask for a second opinion about our options on this forum.  This is all I can do at the…[Read more]

]]> b9abeb50131b55e6496d4fe0cde8a1d8 boshie replied to the topic Financial Advice needed please... in the forum Help Needed! https://www.propertyinvesting.com/topic/4409114-financial-advice-needed-please/#post-4689331 Fri, 05 Apr 2013 01:38:16 +0000 Hi jamie
its an IP so I definitely don't want to incorporate the bad debt into my loan.  Which is why it was suggested that I split the loan and keep the absolute minimal amount in the variable portion plus the cc debt. I just don't know what the best thing to do Is!  All I know is that I've got to move our cc debt into seething manageable and I…[Read more]

]]> 899ddc9491f8f479f0c36713d4417602 boshie replied to the topic Financial Advice needed please... in the forum Hi Shahin, https://www.propertyinvesting.com/topic/4409114-financial-advice-needed-please/#post-4689329 Fri, 05 Apr 2013 00:27:24 +0000 Hi Shahin,
Thanks for your comment.
My every intention is to pay off the bad debt first – problem is, I want to get rid of the 19.99% interest rate.  I cant do a balance transfer because we cant get approval for another credit card (given our current credit rating).  

]]> 72d29c207703c29530633fc3a5fb126f boshie replied to the topic Financial Advice needed please... in the forum Help Needed! https://www.propertyinvesting.com/topic/4409114-financial-advice-needed-please/#post-4689328 Fri, 05 Apr 2013 00:27:00 +0000 Hi Jamie
We didnt pay LMI but only have an 85% lending value ration which could make it tough.  He suggested we apply for the possibility of a split loan with as much as possible going into the 3yr fixed rate account and only minimal in the variable account with the added $22.5 credit card debt going into that.  One thing I didn't ask was the…[Read more]

]]> 5acfe49e37d1059b6a4ef968f54199bf boshie replied to the topic Interest only or P&I in the forum Help Needed! https://www.propertyinvesting.com/topic/4409050-interest-only-or-pi-3/#post-4688908 Tue, 26 Mar 2013 20:55:27 +0000 Yes Terry, I dont think we'll be moving back in.   Probably buy somewhere else and try to keep it if possible.

]]> 5a4a69208a4ff03e444338cdb8858faf boshie replied to the topic Negative or positive for high income in the forum Help Needed! https://www.propertyinvesting.com/topic/4408365-negative-or-positive-for-high-income/page/2/#post-4683289 Tue, 15 Jan 2013 10:49:08 +0000 Nathan & Jamie,

Thankyou so much for your invaluable advice.  I couldn't get my head around this advice (and obviously for good reason).  Unfortunately it came from the Bank (Big 4) – scary isn't it !!!   Makes you wonder how many people are getting the wrong advice and actually going through with it.

This website is a Godsend for people like me…[Read more]

]]> 9d218efb65926e2d5970f385279ade68 boshie replied to the topic Negative or positive for high income in the forum Help Needed! https://www.propertyinvesting.com/topic/4408365-negative-or-positive-for-high-income/page/2/#post-4683286 Tue, 15 Jan 2013 07:54:31 +0000 Hi all (again),

So, I'm a little confused again as I've been told that if we incorporate all 3 debts (2 x investment loans on the same property which is our PPoR plus a $22k credit card debt) into the one loan whilst the property is still our PPoR, then when it becomes a rental property we can claim the full amount of interest on this loan as it…[Read more]

]]> eb8eac31d3be807956a72bc7586d169e boshie replied to the topic Negative or positive for high income in the forum Help Needed! https://www.propertyinvesting.com/topic/4408365-negative-or-positive-for-high-income/page/2/#post-4683274 Tue, 08 Jan 2013 21:26:55 +0000 Thanks for your replies everyone…

Unfortunately, because of hubby's brain surgery mid 2012 and subsequent loss of work thereafter, we would not be in a position to apply/refinance for another loan if they need to check our figures, etc.

Can I clarify that perhaps our best option is as Tom said::

"You will need to segregate your loans into…[Read more]

]]> 09dc304c503faf5abc7e7d0f338cb7ac boshie replied to the topic Negative or positive for high income in the forum Help Needed! https://www.propertyinvesting.com/topic/4408365-negative-or-positive-for-high-income/#post-4683268 Mon, 07 Jan 2013 04:56:39 +0000 Hi Tom,

They are both on our one PPoR, but were set up as investment loans.  The first was our original mortgage, then the 2nd was to finish the renovations.  So yes, they are both for the one property which is currently our PPoR – soon to be our rental property.

Thankyou,

]]> cb632e0529debff8e1f0c0eb9a385434 boshie replied to the topic Negative or positive for high income in the forum Help Needed! https://www.propertyinvesting.com/topic/4408365-negative-or-positive-for-high-income/#post-4683266 Sun, 06 Jan 2013 23:23:35 +0000 Hi Tom,

Thankyou for your reply.  Just wanted to clarify what you think I need to do.

I have 2 investment loans and one credit card debt of $22.5k.  The bank Advisor suggested I incorporate all 3 debts into the one loan which would be IO with offset account, and therefore much more manageable for us.

Are you suggesting I should only refinance…[Read more]

]]> efe2822007b27bb4d6f2f0880cdf3dc5 boshie replied to the topic Help needed to get started again with IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4408158-help-needed-to-get-started-again-with-ip/#post-4681593 Mon, 26 Nov 2012 03:00:58 +0000 Thanks Shahin and Jamie for your replies.  I appreciate your time.

Nigel,
We did think about selling the property however our chances of getting another loan right now are not great.   We figure it is best to keep what we have in Sydney, get hubby in a stable working position, then in 6 months time we would look much more favourable to the…

]]> cb172dfc4014aac982d9fe6cab7ba56d boshie replied to the topic Help needed to get started again with IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4408158-help-needed-to-get-started-again-with-ip/#post-4681592 Mon, 26 Nov 2012 02:57:23 +0000 Hi Gazza21

Thanks for your reply….  much appreciated…

I'm getting the idea its best to stay on Interest Only whilst we're away and renting it out.  You mentioned obtaining a Depreciation Report when we switch it over to an IP – who does these?   And what is the reason for having one?

Thanks again
Boshie

]]> 8020f296550763ce006d2c3a92bb798c boshie replied to the topic Should we sell to free up $$$ to re-invest in the forum Help Needed! https://www.propertyinvesting.com/topic/4402498-should-we-sell-to-free-up-to-re-invest/#post-4639924 Fri, 21 Jan 2011 02:36:40 +0000 Thankyou Ryan and Richard for your comments – much appreciated.Richard, I notice you're in Qld but do you have clients you work with in Sydney?  If so, we would definately be interested in getting some expert advice from you regarding our current situation and, more importantly, our future goals.   Or, can you recommend anyone in Sydney we cou…[Read more]

]]> 954912f12fc586e48b90f295eedbfc71 boshie replied to the topic investing wisely with $200k in the forum Hi Simon,Thanks for your https://www.propertyinvesting.com/topic/4391527-investing-wisely-with-200k/#post-4577799 Mon, 26 Nov 2007 20:42:51 +0000 Hi Simon,Thanks for your reply….    We would be looking at living in our PPoR for approx 10 years – so is this considered short or long term?Cheers, Boshie

]]> 01a7d5194e519d4c02cb073940e70a3d boshie replied to the topic low doc loans in the forum Help Needed! https://www.propertyinvesting.com/topic/4390491-low-doc-loans-2/#post-4572319 Sat, 01 Sep 2007 01:58:23 +0000 Thankyou to everyone who has replied….   The knowledge is invaluable…We are still doing the finishing touches on our PPoR and as soon as this is done we will look at refinancing.   We are hoping to get enough equity to put a 2nd level on top plus have enough to give us a good deposit on our 1st IP and only have to lend 80/85%…Thanx to Foun…[Read more]

]]> 2c6d28f1264d6c80978441fd4aa8de4a boshie replied to the topic Basic Questions... in the forum Help Needed! https://www.propertyinvesting.com/topic/4390533-basic-questions/#post-4572589 Wed, 22 Aug 2007 01:53:55 +0000 hi duckster and marc,thankyou so much for taking the time to explain…   i appreciate every bit of help i can get…    

]]> 4fbafa8ce5d816443206356d8706c2ae boshie replied to the topic Whos is working in the mines to get ahead? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4390228-whos-is-working-in-the-mines-to-get-ahead/#post-4570840 Sat, 18 Aug 2007 09:45:58 +0000 so this might seem crazy… but what (if any) facilities are available for childcare in the mines…     Our PPoR is on Sydney's northern beaches but we could easily rent it out for around $600pw.  We have 2 boys – 4 mths and 22 mths, so they are both really young, however i'd be more than happy to do some hard yakka for a few years providing…[Read more]

]]> 0088d1f67abeee09d2ad64b98b3b699e boshie replied to the topic How to start in the forum Help Needed! https://www.propertyinvesting.com/topic/4390513-how-to-start-2/#post-4572419 Sat, 18 Aug 2007 03:51:33 +0000 hi nina,congratulations on being sooo determined…   where there's a will, there's a way !!!I, like you, am in a similar position.  We have 2 small kids and I am not working at the moment, however I will be starting up nightwork in the near future as this wont cost anything in childcare.    I am a restaurant manager so I can go back to doing…[Read more]

]]> 52a21f4b290d252d4a726b4d393f2a72 boshie replied to the topic Getting Finance - the basics !! in the forum Finance https://www.propertyinvesting.com/topic/4390497-getting-finance-the-basics/#post-4572329 Thu, 16 Aug 2007 21:43:26 +0000 hi terry,thankyou so much for your reply…   we will look at whats available with our current lender and hopefully take it from there…    if it's going to get us started do you think it's worth "wearing" the higher interest rates of a low doc loan?    and do you think it's better to go for an 80% lend as opposed to say a 95% lend?    I'm a…[Read more]

]]> ee3e73a6973c0c97dc051641e182c823 boshie replied to the topic low doc loans in the forum Help Needed! https://www.propertyinvesting.com/topic/4390491-low-doc-loans-2/#post-4572312 Thu, 16 Aug 2007 02:07:33 +0000 Thanks Richard for your reply..     We are both REALLY keen to get started and we figure there's just GOT TO BE A WAY !!!If anyone could recommend what we can do to get started it would be greatly appreciated…   Our situation is this:-  have a $505k mortgage currently owed on our PPoR-  PPoR valued at around $700k-  currently paying P&I (am happ…[Read more]

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