PropertyInvesting.com | BrisbaneAndy | Activity https://www.propertyinvesting.com/members/brisbaneandy/activity/ Activity feed for BrisbaneAndy. Sun, 12 Apr 2026 21:23:48 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 c1caf74d8b28773843e6d6641b1c033c BrisbaneAndy replied to the topic Need cashflow properties to reign in excessive losses per month in the forum Creative Investing https://www.propertyinvesting.com/topic/4403318-need-cashflow-properties-to-reign-in-excessive-losses-per-month/#post-4645693 Mon, 11 Apr 2011 04:14:30 +0000 Hey Be_rich,I've had a bit of luck buying student accommodation in QLD and getting positive cashflow from them.  Last one I bought was a 4brm townhouse for $188k and it's positively geared with a 105% lend (admittedly I locked in a VERY good rate).  Just search online for Sippy Downs and Sunshine Coast Uni.  It's certainly not as glamorous as a to…[Read more]

]]> 515c04b13bebdd838d83ccac3cd5fa6c BrisbaneAndy replied to the topic Depreciation on TV's in the forum General Property https://www.propertyinvesting.com/topic/4400975-depreciation-on-tvs/#post-4630556 Wed, 25 Aug 2010 02:12:36 +0000 Thanks Duckster,useful link to have! PS and anyone that's interested, it's 10 years

]]> 3ccaa35573c3ed5ce707a3c74318a933 BrisbaneAndy replied to the topic Loan affordability calculators - the good one's! in the forum Finance https://www.propertyinvesting.com/topic/4400928-loan-affordability-calculators-the-good-ones/#post-4630158 Sat, 21 Aug 2010 02:55:54 +0000 Don't worry banker, got lender friends coming out of my ears!  Just always feel bad getting them to run loan scenarios whilst I'm standing in front of a property It's been a while since I fit inside the standard criteria anyway and it's just getting more complicated by the day.  Almost feel sorry for my bankers… almost

]]> 534256646a10cf8323b36c8f16ebe9f7 BrisbaneAndy replied to the topic Loan affordability calculators - the good one's! in the forum Thanks guys, the QBE one is https://www.propertyinvesting.com/topic/4400928-loan-affordability-calculators-the-good-ones/#post-4630156 Fri, 20 Aug 2010 23:07:31 +0000 Thanks guys, the QBE one is the type I was after.Now to get that NSR under 90%

]]> 5ab1e653248305258ee01cec93468caf BrisbaneAndy replied to the topic Can I put solar panels on my investment properties and collect $0.60 per Kwh? in the forum Creative Investing https://www.propertyinvesting.com/topic/4398529-can-i-put-solar-panels-on-my-investment-properties-and-collect-0-60-per-kwh/#post-4615789 Fri, 13 Aug 2010 00:54:14 +0000 I was thinking the same as rudra_r.I look after holiday properties in QLD and have thought about investigating solar panels for my clients.  Since they pay the power bill anyway and the properties might only be let 30-70% of the year then the excess can just be fed back into the grid.Might not recommend it for permanent lets but certainly for…[Read more]

]]> 249126871da795b9873af26f7d5e192c BrisbaneAndy replied to the topic Is there anything out there for about $210k worth investing in ??? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400771-is-there-anything-out-there-for-about-210k-worth-investing-in/#post-4629334 Thu, 05 Aug 2010 06:38:05 +0000 Hey Grimnar, Let me quickly share my viewpoints on them…Poor capital growth; very true, even negative growth!  But that's great when someone paid $235k for that unit 5-7yrs ago and I just bought it from them for $188k!  Essentially, someone else can wear that expensive lesson and I'll happily take it off their hands.Rented part of the year; a…[Read more]

]]> e2ad5bb951679454ff3a9d908d5cccfe BrisbaneAndy replied to the topic GYMPIE in the forum General Property https://www.propertyinvesting.com/topic/4400748-gympie/#post-4629200 Tue, 03 Aug 2010 23:36:36 +0000 Hi,I'm in Rainbow Beach (on the coast from Gympie) and know only a little bit about Gympie.  TBH most of what I know has come from small sub-division developers asking me to try and sell their land.  Can't advise on which are the good parts of town unfortunately but interested to hear what others have to say.Good luck,Andy

]]> d57ae33b21f938cd7bfc02fcd997d810 BrisbaneAndy replied to the topic Best way to put in offers?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400730-best-way-to-put-in-offers/#post-4629120 Mon, 02 Aug 2010 00:21:24 +0000 What's the worst they can say? ummmm…. no!That's not a bad offer, since I know I've offered a hell of a lot less before and been accepted.Best of luck!

]]> 45019cdd5a3af68b0c38a73dec4f2fc7 BrisbaneAndy replied to the topic LMI refunds - CBA in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400721-lmi-refunds-cba/#post-4629049 Sat, 31 Jul 2010 23:28:37 +0000 When I was with the CBA (over 12mths ago now) it was procedure that you had to apply to Genworth directly, about all we could do was look up their website and give you the phone number!Sorry I can't on whether CBA have a separate agreement with Genworth now though.  Good luck!

]]> e397c63e307e1649a475b7347af4c130 BrisbaneAndy replied to the topic Suggest books in the forum General Property https://www.propertyinvesting.com/topic/4400696-suggest-books/#post-4628867 Thu, 29 Jul 2010 04:34:55 +0000 Oh God now this is an open ended question!Start here though… http://www.propertybooks.com.au/  or http://www.apimagazine.com.au/ I was told once that the best recommendation this guy received was to buy 2yrs of back issues of Australian Property Investor and read them cover to cover.It's a start

]]> f1f07dcea7dbfda0a082990cc1dd8f94 BrisbaneAndy replied to the topic Is now a good time to buy an IP in the forum General Property https://www.propertyinvesting.com/topic/4400689-is-now-a-good-time-to-buy-an-ip/#post-4628817 Wed, 28 Jul 2010 04:03:42 +0000 Ditto what Daniel said.  Education defeats fear and ignorance every time, so spend a bit of time and money reading like mad and you'll find that when everyone else is ducking for cover, there will always be a few out there smelling the roses ;-)

]]> aab70a1237f7b3c72d8d834748dfcedb BrisbaneAndy replied to the topic Where did you go wrong? in the forum General Property https://www.propertyinvesting.com/topic/4400648-where-did-you-go-wrong/#post-4628538 Fri, 23 Jul 2010 00:28:00 +0000 Saving a house deposit four times and losing them before finally buying a property!1st time – 17yo and had been working and saving for yrs and saw a 4brm QLDer on 1200m2 in my town for $65k and rented for $200pwk!  Worked out even at that age that I could buy through a trust with my folks.  Dads answer… "No, it's obviously too good to be t…[Read more]

]]> 39c6a91f1bbcd47996aeddea6c420bc4 BrisbaneAndy replied to the topic robert kiyosaki in the forum Opinionated! https://www.propertyinvesting.com/topic/4393548-robert-kiyosaki-3/#post-4589287 Thu, 22 Jul 2010 05:40:13 +0000 I'm in between the "rah rah" crowd and Banker I think.  Being given a copy of Rich Dad, Poor Dad when I was 21 was a turning point for me and I devoured the book in a couple hours.  Between the first three books I can honestly say that there are some fantastic pearls of wisdom there that I use in every business transaction or investment.  Ho…[Read more]

]]> 777975fd1dea51a962a6bff886746abc BrisbaneAndy replied to the topic Real Estate Agents Fees in the forum General Property https://www.propertyinvesting.com/topic/4400632-real-estate-agents-fees/#post-4628467 Thu, 22 Jul 2010 05:00:06 +0000 Those rates are quite high I believe, I charge the same as Shane above and would seriously question anything higher.Hope that helps,Andy

]]> dcfa387f80e0390fb620e30870ab6248 BrisbaneAndy replied to the topic $150,000 to invest in the forum Help Needed! https://www.propertyinvesting.com/topic/4400630-150000-to-invest/#post-4628445 Wed, 21 Jul 2010 05:29:50 +0000 Ditto, use the money as a nice big deposit on another place (or two or three!)Whether you target high-growth and low-cashflow, or pos-cashflow and low-growth is another discussion entirely.  I was in the same boat as you though and thanked my lucky stars that I focused on good cashflow property from the beginning.  It just made things so much e…[Read more]

]]> 009660a25fa17ce83dc6465aed625fbd BrisbaneAndy replied to the topic Trading Trust w Corporate Trustee buying IP in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400573-trading-trust-w-corporate-trustee-buying-ip/#post-4628113 Mon, 19 Jul 2010 23:07:05 +0000 Just wanted to say, nice response Evolve!  Answered a heap of my queries before I even had a chance to post a thread

]]> 021e5bbe073ece2b18d6723e08dda49e BrisbaneAndy replied to the topic Holiday House in the forum Help Needed! https://www.propertyinvesting.com/topic/4399549-holiday-house-2/#post-4622301 Fri, 16 Jul 2010 05:41:42 +0000 Hey chellie,I'm actually a property manager at Rainbow Beach in QLD and holiday letting is about 80% of my day.We take 12% +GST but you must also consider that after every stay the cleaners go through (avg $85 per house) and you will also be running water and power all the time so your holding costs do increase.  Having said that the properties…[Read more]

]]> 57404c9ea4865d848fbaa45e3f7483a9 BrisbaneAndy replied to the topic Student Accommodation in the forum Finance https://www.propertyinvesting.com/topic/4400467-student-accommodation-5/#post-4627569 Wed, 07 Jul 2010 06:15:57 +0000 Exactly right Banker, usually I'm buying them after 3 to 7yrs where the owners just can't make the numbers work and these 'great cashflow properties' are costing them still every month.  So far been sticking with larger properties (4 brm) but hoping to have a contract soon on a nice 2brm that I couldn't walk past (assuming the bank will play ball…[Read more]

]]> e577a9c368c4c227ef697e61926ce3bf BrisbaneAndy replied to the topic Student Accommodation in the forum Finance https://www.propertyinvesting.com/topic/4400467-student-accommodation-5/#post-4627567 Wed, 07 Jul 2010 04:53:26 +0000 Common problem on the financing side and I've encountered it with CBA too.  However the reasons Banker was giving about why not to buy them is also the reason I am jumping on as many as I can get.  ie Hard to sell on the secondary market so you can negotiate VERY hard and pick up bargains and (so far) always be positive cashflow.  I just always av…[Read more]

]]> 2d1bcd5bb78105a8c58ac3cd9862b653 BrisbaneAndy replied to the topic What is your structure??? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4397909-what-is-your-structure/#post-4611912 Wed, 06 Jan 2010 03:00:18 +0000 Yep, that's what I thought.  :-)

]]> 5e28093a88f7a7bb6af6d12a513a95ab BrisbaneAndy replied to the topic What is your structure??? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4397909-what-is-your-structure/#post-4611910 Tue, 05 Jan 2010 21:58:39 +0000 Terryw wrote:

Terryw wrote:
Brisbane AndyHope you haven't got assets and a business under the same trust – could be risky.

Hi Andy, sorry just read your post up the top. Your businesses will be run by companies with the shares held by the trust so that should be ok.

Morning Terry,just woke up and read your first reply and had a little…[Read more]

]]> 23b8c3585b4c384b3542966114acd734 BrisbaneAndy replied to the topic "Subject to....." caveats on contracts in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4397964-subject-to-caveats-on-contracts/#post-4612335 Wed, 02 Dec 2009 16:31:41 +0000 "subject to valuation" is a pretty dangerous clause if that's all it says.  In your case bank values it, the valuation comes in $10k short, but so what since the clause only says a valuation needs to be done, not satisfactory or to contract price or anything.  Unless there is more wording we're missing than this is an empty clause.As for the f…[Read more]

]]> fa083d02c7e6e5d0112f58b5d05ac062 BrisbaneAndy replied to the topic Bank Direct of Broker in the forum Finance https://www.propertyinvesting.com/topic/4397958-bank-direct-of-broker/#post-4612303 Wed, 02 Dec 2009 16:23:10 +0000 I'll probably be shot by my friends for saying this but a good broker is worth their weight in gold (that is a GOOD broker, a BAD broker will see you want to recreate a scene from American Psycho!).  I was a big bank lender for 3 years and can say that in the branch network where I started there were 16 lenders of which only 8 had ever owned…[Read more]

]]> fc511cbd6abdd668393002b96a119659 BrisbaneAndy replied to the topic Chicken before the egg in the forum Finance https://www.propertyinvesting.com/topic/4397971-chicken-before-the-egg/#post-4612378 Wed, 02 Dec 2009 16:13:51 +0000 Dave, totally agree with the others, the easiest way to NOT do something is tell others how excited you are!  $80kpa and your first property under your belt, well IMHO you've already jumped the first and hardest hurdle – you've got an income and a place to live.  Your 2nd property will be a lot easier to get than your first and all going well y…[Read more]

]]> 91c9370c9c97faf110bab13fc0bb858c BrisbaneAndy replied to the topic thoughts on beenleigh? in the forum General Property https://www.propertyinvesting.com/topic/4397978-thoughts-on-beenleigh/#post-4612400 Wed, 02 Dec 2009 16:07:06 +0000 Hi Karen,I used to live in Edens Landing which is a suburb just beside Beenleigh and can give you a little bit of insight (but I warn you I'm a bit of a snob!).  The suburb is half way between Brisbane and the Gold Coast which agents talk up but residents say it just means you're too far from either to be convenient. ;-)  Another common joke is B…[Read more]

]]> c2f4f9fa91fbd685e87aa83a05a9866d BrisbaneAndy replied to the topic Aussie off to buy US property - anyone want to join me?? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4397950-aussie-off-to-buy-us-property-anyone-want-to-join-me/#post-4612124 Tue, 01 Dec 2009 09:00:46 +0000 Great start on the blog and already doubled my knowledge of the US foreclosure market Keep it up!

]]> e7b81010cba088f4b4802aeca4c06603 BrisbaneAndy replied to the topic Aussie off to buy US property - anyone want to join me?? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4397950-aussie-off-to-buy-us-property-anyone-want-to-join-me/#post-4612110 Mon, 30 Nov 2009 10:04:08 +0000 Would love to come but not able to at the moment, will have to be content with following online.  Post lots and post often!

]]> c6596d87478aa072e90a9df7037a04ac BrisbaneAndy replied to the topic fastest way to make money in real estate in the forum Creative Investing https://www.propertyinvesting.com/topic/4397944-fastest-way-to-make-money-in-real-estate/#post-4612075 Mon, 30 Nov 2009 02:36:49 +0000 Well my advice would be to turn around and ask how to make money slowly and consistently with property but that's just my 2c.  Most of the methods available to make money quickly in property unfortunately will also include a high risk of you having even worse credit and even less money!  Although to answer your question my quickest profit was j…[Read more]

]]> 4fd189d15264b5e2c1e7f497c8e40e53 BrisbaneAndy replied to the topic marina berths in the forum Help Needed! https://www.propertyinvesting.com/topic/4397936-marina-berths-3/#post-4612017 Sun, 29 Nov 2009 13:19:14 +0000 I think marina berths can be a lot of fun but that's a personal opinion instead of a professional one In the past I have been involved in two marina purchases; one was bought by a friend who just used a line of credit secured by his PPOR so was 100% leveraged.  The second was a business client who went through with a business loan that the CBA…[Read more]

]]> e1f9ee6f0cc45b8a80d1316ce0d11806 BrisbaneAndy replied to the topic What is your structure??? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4397909-what-is-your-structure/#post-4611905 Sun, 29 Nov 2009 01:31:00 +0000 Hi again Act, further to my comments I have to agree with Tracey and Richards warnings about complexity vs ease of finance.  I should have mentioned I used to be a home and business lender so can push things through my network that might not be an option for most people.The corporate trustee vs personal trustee is an obvious sticking point.  I h…[Read more]

]]> 7ccc931e08b60c7923ecf2653933514a BrisbaneAndy replied to the topic discretionary trust banking in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4397902-discretionary-trust-banking/#post-4611813 Thu, 26 Nov 2009 16:27:54 +0000 I'm at the same stage Adam and the only advice I can give is be careful as some banks won't allow trusts/trustees to use the normal personal accounts, only business accounts.  I've been looking at BankWest although I still haven't decided and would love some advice as well :-)

]]> b03c74dca762a4762647a399f2c2795e BrisbaneAndy replied to the topic What is your structure??? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4397909-what-is-your-structure/#post-4611900 Thu, 26 Nov 2009 16:22:10 +0000 Hi Act,I'm literally in the middle of setting up my new structure so am happy to share.  I currently have two properties (PPOR and a +ve cashflow inv) in my own name.  The only reason the IP is in my name is I had to move quick on the settlement and couldn't set up the trust in time.Now though I am setting up a family trust with a pty ltd t…[Read more]

]]> b03129a288de2e19f46987a9a809d68d BrisbaneAndy replied to the topic Billboards in the forum General Property https://www.propertyinvesting.com/topic/4397805-billboards/#post-4611460 Sun, 15 Nov 2009 13:08:55 +0000 Never heard of them being for sale or as an investment although it sounds logical.  I know I've thought about putting up billboards along the highway of our family farm but haven't investigated it at all.First step I think would be to call some of the advertising companies directly (they all have their names at the bottom of the billboards).  M…[Read more]

]]> 6a01162aa7cfd3205ea70e7853b9fd44 BrisbaneAndy replied to the topic Investment Property Software in the forum General Property https://www.propertyinvesting.com/topic/4397806-investment-property-software/#post-4611463 Sun, 15 Nov 2009 13:05:12 +0000 Excel(I know, so original!) 

]]> 85caa1379c665411d9f42f747feab2dd BrisbaneAndy replied to the topic Investing In Student Accommodation in the forum Creative Investing https://www.propertyinvesting.com/topic/4397652-investing-in-student-accommodation-3/#post-4610908 Sun, 01 Nov 2009 04:02:48 +0000 Not sure about specialised agents as I did my property searching a bit differently.  I went looking for uni's that had big growth plans then just did a search for properties available nearby.I've heard mixed reports about unilodge from other investors and students so do your research and this sort of property you need to bargain HARD to make the…[Read more]

]]> 3bae4441c08adc87c0098fb732f4bd37 BrisbaneAndy replied to the topic Investing In Student Accommodation in the forum Creative Investing https://www.propertyinvesting.com/topic/4397652-investing-in-student-accommodation-3/#post-4610905 Sat, 31 Oct 2009 11:28:46 +0000 G'day TLC,I personally love student accommodation as an investment although it does add an extra thing to research ie the uni/college that the students are attending.  I have one student acc townhouse that I bought for $188k and rent for $620pwk although I pay all outgoings.  Your example above sounds good to me as long as you're not paying t…[Read more]

]]> f20a9c91f37dbf5522497c8cd6a3ce03 BrisbaneAndy replied to the topic Owner Builder in the forum Warning: my reply is based https://www.propertyinvesting.com/topic/4397571-owner-builder-3/#post-4610472 Wed, 21 Oct 2009 05:36:52 +0000 Warning: my reply is based on generalisations from what I have experienced.  No offence intended to you or other owner-builders!There are many reason that banks avoid them, at least the one I worked for.  In 2.5 years I saw all of the following; builds constantly going over-budget; the construction plans being changed without the banks consent (…[Read more]

]]> 3b7399075f844d9e1d2f1fecd357ee36 BrisbaneAndy replied to the topic Queensland conveyancing in the forum Help Needed! https://www.propertyinvesting.com/topic/4397442-queensland-conveyancing/#post-4609975 Wed, 07 Oct 2009 12:01:54 +0000 Agree wholeheartedly with Kylie's answer although very few people know about the change of entity option and is rarely seen.

]]> b31fff85a72a4c086a9f3e6539209877 BrisbaneAndy replied to the topic Established Property Valuation in the forum Help Needed! https://www.propertyinvesting.com/topic/4397453-established-property-valuation/#post-4610012 Wed, 07 Oct 2009 11:59:21 +0000 I'm sure the other lenders on the forum will have experienced this even more than I have but, without knowing the specifics, this is quite common at the moment.  There are a couple reasons behind this (at least with my former employer), the banks have been getting much tighter on their lending criteria for the last 12 months and one way to…[Read more]

]]> ce946609a7c7106867a47f2104c73df6 BrisbaneAndy replied to the topic Studios more popular/'acceptable' in years to come? in the forum General Property https://www.propertyinvesting.com/topic/4397385-studios-more-popularacceptable-in-years-to-come/#post-4609766 Tue, 29 Sep 2009 09:02:35 +0000 Just my 2c and this is purely a personal POV but I think there is a major distinction between a studio apartment and a 1brm apartment.  It might add a little to the purchase price in getting a separate bedroom but they seem to rent much quicker than studios at least in Brisbane.  (No empirical evidence to back this up and I'd be interest to hear o…[Read more]

]]> b6749ff86cd6160ffa16a1406714abf7 BrisbaneAndy replied to the topic Do I pay tax on boarders/lodgers rent? in the forum General Property https://www.propertyinvesting.com/topic/4397382-do-i-pay-tax-on-boarderslodgers-rent/#post-4609759 Tue, 29 Sep 2009 08:58:08 +0000 Ditto what Scott said.  I have a boarder (own a 2brm unit) and so I declare his rent but I also claim half of all my property expenses.  Nice way to get some tax effectiveness from my PPR and legitimately reduced my tax.In your case, if it's for a short period only and you don't intend to repeat it in the future then the extra bookkeeping might n…[Read more]

]]> 7c662db101b49755e4c0723f52e82847 BrisbaneAndy replied to the topic investing in properties with unpaid rates in the forum Creative Investing https://www.propertyinvesting.com/topic/4397358-investing-in-properties-with-unpaid-rates/#post-4609502 Mon, 28 Sep 2009 14:06:46 +0000 Hi Sonya,they are rare but they certainly do exist in Australia.  I've had one great client who for the last 10 years has been flipping vacant lots sold by councils.  The points she made me aware of when first inquired about these were; – the auctions only happen infrequently and some councils only hold them ever 1-3 years due to the low vo…[Read more]

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