PropertyInvesting.com | Brenda Irwin | Activity https://www.propertyinvesting.com/members/brenda-irwin/activity/ Activity feed for Brenda Irwin. Mon, 13 Apr 2026 09:07:34 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 c8f80edf24e2795e60eb2ecb168fddc8 Brenda Irwin replied to the topic REDCLIFFE MANIA in the forum General Property https://www.propertyinvesting.com/topic/4387556-redcliffe-mania/#post-4558109 Sun, 03 Dec 2006 00:34:09 +0000 Originally posted by crashy:
thats fine with me, in 10yrs time the house I bought will be on the water front!
I have often wondered about this. If you had your house on reinforced stilts, like a jetty, and the sea claimed all the land, you would have a house IN the water front, right?
How would the state gov’t levy land tax? The house is no longer…[Read more]

]]> 849802e285feefb94993cd91438f445a Brenda Irwin replied to the topic "Steve Mc knight sells all his propertys ! " in the forum General Property https://www.propertyinvesting.com/topic/4387489-steve-mc-knight-sells-all-his-propertys/#post-4557811 Fri, 01 Dec 2006 02:38:09 +0000 I think Steve is pretty gutsy if he has sold all at once. Just think of the CGT bill. [wacko]

I myself have been selling a couple of the lesser quality IP’s for a few years now, and using the profits to pay down debt on the better IP’s.

I will be selling just a couple more to really condense and purify my portfolio in preparation for investing…[Read more]

]]> 18e9c3225f2c344ae1e9d9b0240ad6a9 Brenda Irwin replied to the topic Is anyone doing it tough? in the forum General Property https://www.propertyinvesting.com/topic/4385170-is-anyone-doing-it-tough/#post-4545907 Mon, 24 Apr 2006 02:39:16 +0000 Originally posted by NATS12:
The people who I know that are doing it tough are still living in their own place (that thebank owns 95% of), buying new furniture on interest free and considering whether dimmers on their downlights are the right way to go!!!

The interpretation of doing it tough these days has changed.

There are a lot of people…[Read more]

]]> 245dbfca5772defb828bf258c1f58a64 Brenda Irwin replied to the topic I'm back & I'm faster in the forum Forum Frolic https://www.propertyinvesting.com/topic/4385050-im-back-im-faster/#post-4545282 Wed, 12 Apr 2006 21:39:42 +0000 Broadband is loads better as I can discuss realestate properties on the landline phone whilst looking at the pics on the internet. I can also use googleearth and my se regional plan on http://www.oum.qld.gov.au to quickly find the boundaries of the properties. On the googleearth site, note also the sea levels are displayed so you can tell if the ip is in…[Read more]

]]> eb270dcceef7694a5d69f00c3c3c9d43 Brenda Irwin replied to the topic Define Cashflow Positive?? in the forum General Property https://www.propertyinvesting.com/topic/4385067-define-cashflow-positive/#post-4545358 Wed, 12 Apr 2006 21:30:54 +0000 Cashflow positive means money flows into your pocket as a net income, regardless of interest payments or tax deductions.

This is where hubby and I differ. He says principle repayments should not be included as they are a capital expense.

I think that if you lost your job income, principle repayments would still have to flow out of your pocket…[Read more]

]]> e0d7e50cd78090a00785eaa42efbad53 Brenda Irwin replied to the topic Record keeping & housekeeping in the forum General Property https://www.propertyinvesting.com/topic/4385013-record-keeping-housekeeping/#post-4545102 Tue, 11 Apr 2006 23:07:48 +0000 I also use an excel spreadsheet. I have composed it from the previous years tax return from the accountant. You know, the long version they print out for you to check all the entrees before you sign as correct and they lodge it for you.
On this speadsheet, I have put in all the formulas and tax rates with provision for cgt if I have sold anything.…[Read more]

]]> 48ebd651491dc5ab49f623f124bf6768 Brenda Irwin replied to the topic I'm back & I'm faster in the forum Forum Frolic https://www.propertyinvesting.com/topic/4385050-im-back-im-faster/#post-4545278 Tue, 11 Apr 2006 09:08:46 +0000 I am currently selling some IP’s and paying out the debts on the better ones. Maintenance is getting under control. Not in a hurry, just a couple sold each financial year and take the capital gains. Am watching the market which doesn’t have a lot of desperate sellers, yet. Too many buyers around but good though if I’m selling. :)
My personal banker…[Read more]

]]> 5ac86cd719eb3eb01759e3ea61b4c6f7 Brenda Irwin replied to the topic Just purchased a property and need advise please!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4385021-just-purchased-a-property-and-need-advise-please/#post-4545144 Tue, 11 Apr 2006 07:50:16 +0000 What a good find, congratulations. For the tenants sakes, do not leave it until their leases are up to notify them that rents and renos are on the agenda. Formally notify them of your intentions asap so they have lots of time to get used to the idea, and make future plans of their own.
Cheers Brenda.[biggrin]

If you want to get out of a hole,…[Read more]

]]> aa60c38da479835e69e85ff3f613498e Brenda Irwin replied to the topic Reduced Land Tax bill....I'm happy in the forum General Property https://www.propertyinvesting.com/topic/4382444-reduced-land-tax-bill-im-happy/#post-4531070 Mon, 28 Nov 2005 10:23:54 +0000 After the unimproved land values went through the roof on our properties, I thought our jointly Qld owned IP’s would be up for a total of $6k in land tax.

Then the gov’t changed the threshold and I thought we’d be up for only $2000 in land tax. So I rang the land tax office to make sure they had our PPOR details correct so it would be exempt. The…[Read more]

]]> bf534062eadeb0590ed661a80448876a Brenda Irwin replied to the topic muslims arrested in raids in the forum Forum Frolic https://www.propertyinvesting.com/topic/4383109-muslims-arrested-in-raids/#post-4534880 Mon, 28 Nov 2005 09:56:56 +0000 I actually had an occurrance whereby one of my tenants was arrested. Prior to the nab, he had tried to get out of the lease with the excuse that there wasn’t enough car accomodation. With a double lockup garage and also a double carport with a lockable door to block front access, my PM dismissed it as a ludicrous excuse. Shortly thereafter he was…[Read more]

]]> 072524ef35c206d9a4f4b3e4b4030365 Brenda Irwin replied to the topic Employing someone to work on my renovations...?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4381895-employing-someone-to-work-on-my-renovations/#post-4527613 Sun, 04 Sep 2005 07:50:59 +0000 Try your solicitor and tax accountant. Prospective workers should do likewise. There must be ways around all the red tape as how would all the grandads out on the farms ever do without the help from the grandkids on holidays?

If you want to get out of a hole, first stop digging.

]]> eeeb72b8744b55e74c0fe7fdd57b14b7 Brenda Irwin replied to the topic Interview the person below. in the forum Help Needed! https://www.propertyinvesting.com/topic/4381931-interview-the-person-below/#post-4527834 Sun, 04 Sep 2005 07:39:37 +0000 A: Because eventually you will receive a letter telling you that you have reached the limit of borrowing. Not your limit, theirs.

Q:Should a tenant be around, windging and complaining about the house when prospective buyers are looking it over. How do you get rid of them, the tenants, for a few minutes?

If you want to get out of a hole, first…[Read more]

]]> dbb5e1dd22b9ff9d88c53922e96d7258 Brenda Irwin replied to the topic CRASH!!!! in the forum General Property https://www.propertyinvesting.com/topic/4381838-crash/#post-4527249 Wed, 24 Aug 2005 12:01:18 +0000 I too am concerned at my risk exposure in the future property market. Something has to give to chill the market. I don’t know what, but I have a feeling that if my LVR and serviceability are ordinary, then I won’t like it.

For myself, I have been selling off the mould and keeping the gold. Meaning I sell the problem properties, be they…[Read more]

]]> f7dd0ac57ae0e917afdec4f3af6adc61 Brenda Irwin replied to the topic Cash in or stay in in the forum Help Needed! https://www.propertyinvesting.com/topic/4381166-cash-in-or-stay-in/#post-4522835 Fri, 15 Jul 2005 08:10:31 +0000 I agree, having untaxdeductable debt on your PPOR is a killer. It was the hardest thing I ever did when I bought my own home. ASAP I sold one of the IP’s during the boom and payed off my home’s debt. Gee, it really made a difference to my cashflow, and I was able then to go forth and buy more IP’s. The feeling of actually owning your own home, is…[Read more]

]]> 6273d156dd237411e7f3385ca6e13b39 Brenda Irwin replied to the topic All Loans with One Bank in the forum Help Needed! https://www.propertyinvesting.com/topic/4381138-all-loans-with-one-bank/#post-4522645 Wed, 13 Jul 2005 09:59:28 +0000 Originally posted by Dimmick:
We have been told that you should spread your loans out with several banks so it is harder for them to sell your properties if anything went wrong.

We are unsure what to do as we have two loans with Westpac and a third pending. We were going to go with another lender but will have to pay mortgage insurance but if we…[Read more]

]]> 14dd9025cd6a732a05e340c37300c836 Brenda Irwin replied to the topic What sort of town do I need? in the forum Help Needed! https://www.propertyinvesting.com/topic/4381100-what-sort-of-town-do-i-need/#post-4522371 Sat, 09 Jul 2005 08:46:35 +0000 Originally posted by Dougiejg:
Hi all.
First post. Excitement. Yay.
I am a carpenter and I want to start doing some basic renos. I will probably try to sell quickly for the first few to build up capital. I will also probly be looking at lower end properties to start with.
My question(s)are:
What sort of market conditions should I look for when…[Read more]

]]> ff5b21dfab735541193ba4980e1475fd Brenda Irwin replied to the topic BIG Brisbane Meeting –April 2005. in the forum Heads Up! https://www.propertyinvesting.com/topic/4379541-big-brisbane-meeting-aeapril-2005/#post-4511639 Tue, 26 Apr 2005 22:03:36 +0000 Originally posted by Marvin:
UNBELIEVABLE!!! Can’t believe I missed it.. it was today…

*Mad at oneself*

Anyone care to share some juicy tidbits for your fellow forum goers when you return tonight?

~Marvin from Toowoomba (QLD)

“Knowing is not enough, we must apply. Willing is not enough, we must do.” ~Bruce Lee

Oh Boy, you missed a terrific…[Read more]

]]> c2a31414965ce8ff18dbf1164a977f38 Brenda Irwin replied to the topic What Pet? What Name? in the forum No Subject https://www.propertyinvesting.com/topic/4379459-what-pet-what-name/page/2/#post-4511180 Mon, 25 Apr 2005 05:53:34 +0000 I have Standard Schnauzers. Oldest is ‘Tina’ short for Martina. Next is ‘Ruby’, short for Bayvista Just A Gem. Then there is Kissy, short for ‘Kzmiferilidlbut’ (say it slow and you will get it[biggrin]). Next is ‘Megen’, short for Schmiegen (German for cuddle). Then there is Nitro which is his full name unless you want the full Australian Champion…[Read more]

]]> ea6063a6c601158b3d1d510c99fde17d Brenda Irwin replied to the topic Olives on 20 acres in the forum General Property https://www.propertyinvesting.com/topic/4379840-olives-on-20-acres/#post-4513095 Mon, 25 Apr 2005 05:29:54 +0000 I have a mature olive tree in my garden in SE Qld. Fruiting seems to be, a great season followed by a season of no olives at all. Has been fairly dry here for some time, although the tree itself seems to be healthy enough.

The fruit tastes absolutey discusting straight from the tree. I mean, really, really bad.

Is there some Italian recipe to…[Read more]

]]> ba689aa3738bcc56cabb825bce7e08f3 Brenda Irwin replied to the topic Question for the Old Hands in the forum Help Needed! https://www.propertyinvesting.com/topic/4379087-question-for-the-old-hands/#post-4508815 Tue, 15 Mar 2005 00:54:30 +0000 If you are really planning to make the move to Redcliffe (once termed Deadcliffe), then occupy yourselves with that.

Everything is a stepbystep and you need to take one thing at a time. Is it possible for one of you to have, even a part time job starting in Redcliffe or Brisvegas? Doesn’t have to be the same stressfilled work you are at…[Read more]

]]> 771eadb1e7cf7e058f0a62f43cdc2868 Brenda Irwin replied to the topic What are we ALL going to do ????? in the forum Help Needed! https://www.propertyinvesting.com/topic/4378905-what-are-we-all-going-to-do/page/2/#post-4507624 Tue, 01 Mar 2005 00:37:06 +0000 DD, you should get a pretty fair price in Perth at pres. Selling poor performers is a good idea. Once the capital growth has been achieved during a cycle, it is no fun at all to hold a maintenance high property till the top of the next cycle.

Market wise on my sales, I had no impossible dreams of what price I could get by selling. I think prices…[Read more]

]]> d2d5caff5bd30b224bbefae8eb24ef2f Brenda Irwin replied to the topic What are we ALL going to do ????? in the forum Help Needed! https://www.propertyinvesting.com/topic/4378905-what-are-we-all-going-to-do/page/2/#post-4507620 Mon, 28 Feb 2005 00:15:37 +0000 1) I am currently reducing debt by selling some Ip’s and taking the capital gains. With a very large low value depreciation pool, I can, currently, offset most of my capital gains from sales. This won’t occur for long as LVP’s tend to run out quickly.
I am willing to keep and maintain IP’s which I own outright, but I am not happy to become a…[Read more]

]]> 16c037e846c175955c60a546c7c1b7e3 Brenda Irwin replied to the topic Which City/Suburb you live? in the forum No Subject https://www.propertyinvesting.com/topic/4369744-which-citysuburb-you-live/page/11/#post-4442414 Mon, 21 Feb 2005 04:43:00 +0000 Quote:
Originally posted by Karl and Rita:

Ipswich, QLD here.

K&R

Hey, We’re practically neighbours, I’m Lowood.[biggrin]

If you want to get out of a hole, first stop digging.

]]> c6a9a33add2f584a3d9e9688bd7d5294 Brenda Irwin replied to the topic Source of Data for Today's Tip (5/2) in the forum General Property https://www.propertyinvesting.com/topic/4378505-source-of-data-for-todays-tip-52/#post-4505249 Sun, 06 Feb 2005 00:39:02 +0000 Originally posted by woodsman:
Yet when you consider that only 1 in 200 property investors owns more than five investment properties, you have to conclude that something is horribly wrong.

Under today’s tip (5/2), there is the above statement. Can anyone confirm the source of this data?

I cannot confirm the data, but I was wondering at your 1…[Read more]

]]> 9dbc6e8e03b15b84a2da4eb0c2750588 Brenda Irwin replied to the topic Hold/Sell and Capital Gains Tax questions in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4378513-holdsell-and-capital-gains-tax-questions/#post-4505291 Sun, 06 Feb 2005 00:28:39 +0000 I am not familiar with developments but somewhere in my head a rememberance from a workshop I attended is surfacing.

If you sell a new property within 5yrs you could or will have to pay GST. Does any experts know the proper rule and details of this?

If you want to get out of a hole, first stop digging.

]]> 596c43fcbfa9578cc906bdb74c20c9d0 Brenda Irwin replied to the topic Single mums/investors - "Inspiration Needed" in the forum Help Needed! https://www.propertyinvesting.com/topic/4378382-single-mumsinvestors-inspiration-needed/#post-4504471 Wed, 02 Feb 2005 23:34:52 +0000 Originally posted by allymac:
mustang66,
I got no child support and never had the family support for child care.

Note: You may have been better off without child support from the gov’t. For some unknown reason, carried forward losses in realestate (usually a result of depreciation allowances) are added as a plus income on your income…[Read more]

]]> 9c169069045ee942313ec3db257206bb Brenda Irwin replied to the topic Feeling Guilty in the forum Help Needed! https://www.propertyinvesting.com/topic/4378164-feeling-guilty/#post-4503255 Fri, 28 Jan 2005 02:43:18 +0000 Originally posted by Gonnaberich:
BUT the wife is pregnant they already have 3 kids and they cant find anywhere else to go so
Jill

Last time I looked there were very attractive government benefits and subsidies on children and bonus’s for babies. For a low income, there would also be a rental subsidy available to them.

Why are you feeling…[Read more]

]]> c73eb61fb8d0a9803326dcbf73349789 Brenda Irwin replied to the topic BIG Brisbane Meeting –January 2005. in the forum Heads Up! https://www.propertyinvesting.com/topic/4377571-big-brisbane-meeting-aejanuary-2005/#post-4499252 Mon, 24 Jan 2005 23:34:19 +0000 Originally posted by Brenda Irwin:
Hubby and I will be attending. I’ve been having withdrawal symptoms during the Christmas break. I love meeting everyone at the BIG meets. Hope to see you all there next Tuesday.

If you want to get out of a hole, first stop digging.

Doh, Unfortunately hubby will be working way out in Pittsworth today, and…[Read more]

]]> 28071498a4181c04180733ea6ca461dd Brenda Irwin replied to the topic BIG Brisbane Meeting –January 2005. in the forum Heads Up! https://www.propertyinvesting.com/topic/4377571-big-brisbane-meeting-aejanuary-2005/#post-4499250 Sat, 22 Jan 2005 23:44:22 +0000 Hubby and I will be attending. I’ve been having withdrawal symptoms during the Christmas break. I love meeting everyone at the BIG meets. Hope to see you all there next Tuesday.

If you want to get out of a hole, first stop digging.

]]> 83ae6c2e303283be70cad1a5dc91481d Brenda Irwin replied to the topic Question about yield now and 5 years ago. in the forum General Property https://www.propertyinvesting.com/topic/4378186-question-about-yield-now-and-5-years-ago/#post-4503351 Sat, 22 Jan 2005 23:35:44 +0000 5 yrs ago I was easily able to make 12% or more gross yield.

Now, based on today’s market value, it is 6%.

This is only due to market values rising faster than rental returns. You cannot have a market boom like we have just had and expect peoples wages to increase at the same rate, so rents can also rise at the same rate, although it would be…[Read more]

]]> efa226e5981fefa4f389993df1e91fbd Brenda Irwin replied to the topic You know your in North Queensland when..... in the forum No Subject https://www.propertyinvesting.com/topic/4378160-you-know-your-in-north-queensland-when/#post-4503223 Thu, 20 Jan 2005 03:24:09 +0000 Having once lived in Nth Qld, I can associate with most of those observations. I’d like to add an extra one:

You become more of a night person, and a day sleeper.

If you want to get out of a hole, first stop digging.

]]> 13209b014a72bab64e5fe83aacc6200a Brenda Irwin replied to the topic Help, advice needed re property in the forum No Subject https://www.propertyinvesting.com/topic/4378084-help-advice-needed-re-property/#post-4502670 Thu, 20 Jan 2005 03:20:54 +0000 I am not familiar with OTP investments but I presume the finance is approved and the contract is now unconditional.

Early congratulations on your first ever purchase, Andrew.
It sounds to me that despite the value slumping a little before settlement, that you have gotten yourself a really great buy. What a great asset base for your first…[Read more]

]]> bd2afc614ea7e1b8df578ff0d0113ee9 Brenda Irwin replied to the topic Recommended Lawyer & Property Mgr in Ipswich, QLD in the forum No Subject https://www.propertyinvesting.com/topic/4377993-recommended-lawyer-property-mgr-in-ipswich-qld/#post-4502096 Tue, 18 Jan 2005 04:58:31 +0000 I have 11 IP’s with Statham’s as PM’s in Ipswich. Haven’t had any problems with their management at all. Nearly all my tenants are tops, although some are a bit slow sometimes. None are rough on the houses at all and I have very few maintence bills.

Stathams are 3rd generation RE agents, so they know a lot about the city and the locals.

If you…[Read more]

]]> cd4efe4a7b4d906848c8b4e2e2fc2b38 Brenda Irwin replied to the topic Tradesman as tenant in the forum General Property https://www.propertyinvesting.com/topic/4378011-tradesman-as-tenant/#post-4502193 Thu, 13 Jan 2005 23:59:02 +0000 Quote:
Originally posted by Jenny1:
I have an IP where I have been lucky enough to get someone that is a tradesman. [biggrin] He has approached me to say he could add value to my place (bathroom ensuite etc..)for reduced rent.

Has anyone done this trade off before? And did it work out in favour for both?

Thanks Jenny

Hi Jenny, If you have a…[Read more]

]]> e5eeb503c353e1efb34d6117d68c124a Brenda Irwin replied to the topic positive cashflow property websites in the forum Help Needed! https://www.propertyinvesting.com/topic/4377864-positive-cashflow-property-websites/#post-4501268 Sat, 08 Jan 2005 01:32:13 +0000 Usually in todays market, positive cashflow advertised by websites are including the tax deductions to improve the big picture. I much prefer positive cashflow from day one, and consider the tax offsets as an extra bonus.

If you want to get out of a hole, first stop digging.

]]> 7e5c10c6cabc342f3b1d3beb1a2ad339 Brenda Irwin replied to the topic Area's to invest in. in the forum Help Needed! https://www.propertyinvesting.com/topic/4377776-areas-to-invest-in/#post-4500776 Wed, 05 Jan 2005 01:34:28 +0000 I look firstly for affordability. It’s no good looking within 5km of Sydney CBD if my deposit and my income won’t support it.

So, when I’ve found a few areas where I can afford to buy, then I start to research the possible gross yields of a few areas. I want to make money, not lose it for 10yrs before I see a return.

Once I’ve narrowed the field…[Read more]

]]> a290141f6e79b39cfed3131987b14342 Brenda Irwin replied to the topic How long did you take? in the forum General Property https://www.propertyinvesting.com/topic/4377683-how-long-did-you-take/#post-4500168 Fri, 31 Dec 2004 04:34:21 +0000 Great topic ‘Destined’, and by your interest, I think you should be able to get there with patience and perserverance.[biggrin]

Wow,’Oldtimer’, you have been in the game for a while. I only have $12million to go to get to your level.

I bought my first house, a neg geared beach house, in 1998 with my hubby. Our reasoning was, that should hubby…[Read more]

]]> 22d40ad862fb86f8c6e2b653340a3942 Brenda Irwin replied to the topic Was this a good investment??? in the forum Help Needed! https://www.propertyinvesting.com/topic/4377504-was-this-a-good-investment/#post-4498745 Mon, 20 Dec 2004 09:15:21 +0000 Hi C of G, Welcome to the forum.

I am far from an expert in accounting but by my limited experience it appears your rental average is around $230 per week. Based on your purchase price, this would represent a gross return of 7.7%. Based on todays value, it is a gross return of 5.89% which doesn’t even cover the interest rates, let alone Council…[Read more]

]]> f1ac0447eb4b3df5989ac043ce168ed0 Brenda Irwin replied to the topic The Fall and its effect on Investors -well, none.. in the forum General Property https://www.propertyinvesting.com/topic/4377455-the-fall-and-its-effect-on-investors-well-none/#post-4498396 Fri, 17 Dec 2004 03:10:47 +0000 When investors become nervous, or just plain tired of it all, and want to get out of their investments, don’t always assume the bargains will be obviously listed a lot cheaper than market value.

Greed being what it is, properties will initially be listed for perhaps a little cheaper than market value, just to get an interest from buyers. Only by…[Read more]

]]> de0842efbd53f276c62f9f247edd89f4 Brenda Irwin replied to the topic Bank Forclosures in the forum No Subject https://www.propertyinvesting.com/topic/4376473-bank-forclosures/#post-4492859 Thu, 14 Oct 2004 13:17:20 +0000 I thought the agent auctioning a MIP was bound to declare it as such?

There shouldn’t be too many up for auction yet as it usually takes around 12mths for a lender to get that far along. Tis not a great look for lenders and they usually try all other avenues to recoup the money before a MIP auction.

If you want to get out of a hole, first stop digging.

]]> f13ec6b279f200e38693683be5011a3d Brenda Irwin replied to the topic maintenance/repairs budgeting. in the forum No Subject https://www.propertyinvesting.com/topic/4376307-maintenancerepairs-budgeting/#post-4491946 Wed, 06 Oct 2004 06:10:50 +0000 Repairs and maintenance are always a juggling exercise. I do not save for repairs though.

I have mostly positive cashflow properties. Some, which I have had for a while and have the loans paid off, now provide the extra money for maintenance. While interest rates are low, I have channelled quite a lot of money into good quality maintenance and…[Read more]

]]> 0ca860dd7a1784e60dd6c5bedca7f74e Brenda Irwin replied to the topic Can you lose with a water view? in the forum General Property https://www.propertyinvesting.com/topic/4376296-can-you-lose-with-a-water-view/#post-4491903 Sun, 03 Oct 2004 08:04:32 +0000 Wahoo Picklesam, congratulations! If you want to make it a better cashflow, you could put some cash into the loan to lessen the interest costs.[biggrin]

If you want to get out of a hole, first stop digging.

]]> 70eab3f88320ddff3bafc0fbe835f82e Brenda Irwin replied to the topic WA +'ve CF properties - regional or metro? in the forum Creative Investing https://www.propertyinvesting.com/topic/4376231-wa-ve-cf-properties-regional-or-metro/#post-4491269 Sat, 02 Oct 2004 22:15:23 +0000 KP, Based on your figures, that is an 8.96% gross return. If you can get interest rates of 6.5% or thereabouts, it leaves just under 2.5% for agent fees, council rates, insurance, repairs & maintenance.

Not a bad return by any means in today’s market. Check if there is likely to be any more rent increases in the next few years, as you may need…[Read more]

]]> 93c909b4d5c55894d461cf71f1e81fe1 Brenda Irwin replied to the topic Peter Spann in the forum No Subject https://www.propertyinvesting.com/topic/4375206-peter-spann/page/8/#post-4484661 Sat, 02 Oct 2004 08:13:16 +0000 Ha! Steve you have touched on my biggest secret. I got to where I am by my belief that God would see me right.[biggrin]

It can be tricky to decipher exactly what the Big Guy wants but I tend to go in the general direction and if all is well, I keep going in that direction in my investing. Any major hiccups to any deals, and I see it as a warning…[Read more]

]]> b31c4dd4e602c03335f25718a254202a Brenda Irwin replied to the topic You crack me up ! in the forum Forum Frolic https://www.propertyinvesting.com/topic/4376251-you-crack-me-up/#post-4491545 Sat, 02 Oct 2004 07:50:41 +0000 SANF= Sleep At Night Factor.

If you want to get out of a hole, first stop digging.

]]> acebf0637502dc4107abdb637cc0de62 Brenda Irwin replied to the topic Property to the Max Workshop in the forum Heads Up! https://www.propertyinvesting.com/topic/4376257-property-to-the-max-workshop/#post-4491590 Fri, 01 Oct 2004 05:43:04 +0000 Originally posted by kay henry:
Some people might be interested in this. It’s in Brisvegas, and stars the Reno Kings, Steve McKnight, Dale Gatherum-goss, Michael Yardney and some others :)

Even if you can’t go to it… I always find it interesting to see what Seminars are on and who is hanging with whom in the guru scene :)

https://www.propertyinvest…[Read more]

]]> 807e1346a9b4a7306299332cb6ce2909 Brenda Irwin replied to the topic How RICH ! Do You Want To Become ? in the forum General Property https://www.propertyinvesting.com/topic/4376244-how-rich-do-you-want-to-become/#post-4491359 Wed, 29 Sep 2004 21:39:01 +0000 I do NOT set any targets to wealth. I have high aspirations but no set final goal.

Why? Because I don’t want to hamper myself with limits. Achieving milestones along the way is fun and satisfying but my nature will always want more.

I think investing is a bit like driving a car. So long as you are getting there at a reasonable speed in relative…[Read more]

]]> bd27761699130eda83daedf857b7c075 Brenda Irwin replied to the topic Peter Spann in the forum Heads Up! https://www.propertyinvesting.com/topic/4375206-peter-spann/page/8/#post-4484654 Wed, 29 Sep 2004 21:16:56 +0000 Hello Peter,

Thank you very, very much for the insight into your personal life. I feel I should almost call you ‘Mr’ Spann or Your Worship but I am too cheeky for that.[biggrin]

I, having been raised on a farm, and leading a rather simple life, have never dreamed that life could be exciting as yours. It scares me a bit to think that there is so…[Read more]

]]> 76c6b1872a34f5fb06fd2714e8f3bf5e Brenda Irwin replied to the topic What are people doing? in the forum Help Needed! https://www.propertyinvesting.com/topic/4376083-what-are-people-doing/#post-4490320 Fri, 24 Sep 2004 05:10:14 +0000 I have sold a few to reduce debt and reduce my exposure to interest rates. Have another couple for sale but won’t sell unless I get my price or close to it.

On the other management side, I am keeping up the maintenance and doing bits of reno’s. Raising rents a little to offset rising council rates and perhaps future interest rates.

On the buying…[Read more]

]]> 8a5c3fde12fa7beefe64923ae88018fc Brenda Irwin replied to the topic How Many +CF Properties are too many? in the forum No Subject https://www.propertyinvesting.com/topic/4376176-how-many-cf-properties-are-too-many/#post-4490971 Fri, 24 Sep 2004 04:53:36 +0000 I believe you can have as many cashflow one’s as your equity will allow. Trouble is, if you borrow right up till you have no more equity, how are you going to get any capital growth? You will then have to sit and wait patiently till the market in the mining town rises and you have more equity.

You also need to assess risk. Vacancies equal no…[Read more]

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