PropertyInvesting.com | Brizza | Activity https://www.propertyinvesting.com/members/brizza/activity/ Activity feed for Brizza. Sat, 11 Apr 2026 12:59:08 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 6713785a5aa4738c6434ef4f70623060 Brizza replied to the topic Lending leniency in the forum Finance https://www.propertyinvesting.com/topic/5076650-lending-leniency/#post-5077822 Sat, 25 Dec 2021 04:32:34 +0000 For my IP – I currently pay 14k per annum in loan repayments and this property has a rental income of 25k.

Would this loan effect my serviceability or improve it due to the excess of 11k per year?

]]> 12ca1c16c5622a2982349738bce7c591 Brizza started the topic Large Shed 114m2 into 2bd granny flat in the forum Value Adding https://www.propertyinvesting.com/topic/5076656-large-shed-114m2-into-2bd-granny-flat/ Fri, 13 Aug 2021 05:34:20 +0000 Hi All,

Would anyone have a ballpark figure for construction cost to convert an approximate 114m2 (according to Google Earth) colorbond shed into a residence in Sydney?

]]> c5b8c58e5c0923af1d6fa5cb057f6bed Brizza started the topic Use Equity in 1st IP as deposit in the forum Finance https://www.propertyinvesting.com/topic/5054067-use-equity-in-1st-ip-as-deposit/ Sat, 15 Jun 2019 11:04:20 +0000 Hi All,

Is it possible to use equity in my first house as a deposit for another IP?

1st 1P: 285k value, 132k owing, leaving 153k equity. Currently rents out at $250 per week.

I want to buy a 2nd IP at about 600k and have no deposit. I earn about 77k per year and about $150 untaxable income per week.

Is it possible?

]]> 0fa872bd705b5ef5b89937c9680e2290 Brizza started the topic Possible to borrow? in the forum Finance https://www.propertyinvesting.com/topic/5048674-possible-to-borrow/ Mon, 03 Dec 2018 07:37:56 +0000 100k annual income.
Have 1 IP which is positively geared by $100 per week (income included in above 100k figure).
1st IP conservatively estimated at 300k, with 150k mortgage.
No deposit saved.

I would like to buy another IP for between 600k to 700k.

Would it be possible?

]]> 475ac97ac17890bea4767707bf85eb98 Brizza replied to the topic How much would I be able to borrow? in the forum Finance https://www.propertyinvesting.com/topic/5028398-how-much-would-i-be-able-to-borrow/#post-5028420 Tue, 19 Jul 2016 09:24:15 +0000 Thanks again. What about LMI? Does that have to be paid out of your own pocket or can that be capitalised into the loan about 95% LVR?

]]> 6c5c1bd23b4c1c0dcb7c7d5726bf1c40 Brizza replied to the topic How much would I be able to borrow? in the forum Finance https://www.propertyinvesting.com/topic/5028398-how-much-would-i-be-able-to-borrow/#post-5028418 Tue, 19 Jul 2016 08:58:41 +0000 Thanks for your answers.

Do any lenders allow LMI to be capitalised above 95% LVR?

And are there many lenders who will do 95% LVR anymore?

]]> e98c352e3eb855cfb527fd56fc513d8f Brizza started the topic How much would I be able to borrow? in the forum Finance https://www.propertyinvesting.com/topic/5028398-how-much-would-i-be-able-to-borrow/ Tue, 19 Jul 2016 00:32:59 +0000 1st IP – Owe $150k, worth between $200k to $250k. Current redraw available amount $10k.

Personal Income 135k pa.

Cash Deposit of Savings $20k.

]]> 3c2b5f2013b7ff104401317cd61bc2c5 Brizza replied to the topic Minimum Deposit Required in the forum Finance https://www.propertyinvesting.com/topic/5001123-minimum-deposit-required/#post-5001799 Wed, 18 Feb 2015 09:22:15 +0000 Would that be on the basis of constructing a dwelling and utilising the FHOG and stamp duty exemption, as if I purchased an existing dwelling, most of my 30k would be taken up by stamp duty and taking me out of the 95%LVR.

]]> 90bec5d6952c292de8801d4d402a913f Brizza replied to the topic Minimum Deposit Required in the forum Finance https://www.propertyinvesting.com/topic/5001123-minimum-deposit-required/#post-5001217 Mon, 16 Feb 2015 11:53:46 +0000 A bit more information provided:

Single.
No credit cards.
No personal loans.
Inheritance been in bank for over 3 months.
No dependents.

]]> 4e5d0c6960fbc26a5905e2523785cccf Brizza replied to the topic Minimum Deposit Required in the forum Finance https://www.propertyinvesting.com/topic/5001123-minimum-deposit-required/#post-5001197 Mon, 16 Feb 2015 06:08:28 +0000 Thanks for the answer.
So more specifically, $70k per year salary, $30k in inheritance which I would like to use as a deposit. Is there borrowing capacity and if so, how much?

]]> f67232b65e1a29c0a15815ee60b8bee4 Brizza replied to the topic Minimum Deposit Required in the forum Finance https://www.propertyinvesting.com/topic/5001123-minimum-deposit-required/#post-5001151 Mon, 16 Feb 2015 02:30:50 +0000 Thanks for the reply.
So the days of 97% LVR and 100% LVR are over?

]]> ba7975bff5832e00ba2ed869fa3bb10a Brizza started the topic Minimum Deposit Required in the forum Finance https://www.propertyinvesting.com/topic/5001123-minimum-deposit-required/ Sun, 15 Feb 2015 07:04:45 +0000 What type of minimum deposit is required now for a loan?
I remember a few years ago, there were 0% deposit home loans.

A couple of examples:
1) On an existing dwelling for $450,000, what type of deposit would be required?

2) For a newly constructed dwelling with land for $500,000 (making me eligible for FHOG & no stamp duty), could you use the…[Read more]

]]> 75ed5e2987643cd6f1e337bbaa4497df Brizza replied to the topic Adding Spouse to Title in the forum Finance https://www.propertyinvesting.com/topic/5001054-adding-spouse-to-title/#post-5001122 Sun, 15 Feb 2015 07:04:10 +0000 Thanks for the reply.

]]> 73e22455c3e82fc862d750f672030452 Brizza started the topic Adding Spouse to Title in the forum Finance https://www.propertyinvesting.com/topic/5001054-adding-spouse-to-title/ Fri, 13 Feb 2015 18:46:12 +0000 I understand adding your spouse to the title of your home does not incur stamp duty. Which Government body handles this in NSW? Is adding your spouse name onto the title, adding their name onto the Torrens register? Are you supposed to tell your mortgagee first? Will the mortgagee have something to say about it if your spouse is added to the title?

]]> 8b3ca770ae1aa354aebc8a44cbe2e87f Brizza replied to the topic Trust with a minor as the beneficiary in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4992613-trust-with-a-minor-as-the-beneficiary/#post-4992713 Sun, 13 Jul 2014 05:56:04 +0000 In the event that trust profits are not distributed, does the onus fall back on the Trustee then to be taxed at the trustee’s normal rates?

]]> 1a0ecf1026d7e58b4c231ce3afe6364a Brizza replied to the topic Trust with a minor as the beneficiary in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4992613-trust-with-a-minor-as-the-beneficiary/#post-4992705 Sun, 13 Jul 2014 03:34:03 +0000 Does a trust have a limit on the number of beneficiaries it can have and do the beneficiaries have to be named when the trust is drawn up?

Also, if 100% of the profit is distributed to the beneficiaries, does the trustee still lodge a tax return reflecting profit incurred through the trust. Also, does the trust lodge a tax return in its own right…[Read more]

]]> a214e6861a9f941f13a5e35d777f6e8c Brizza replied to the topic Trust with a minor as the beneficiary in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4992613-trust-with-a-minor-as-the-beneficiary/#post-4992644 Fri, 11 Jul 2014 01:47:55 +0000 Ok, cheers for the information.

]]> e2ec1d1ae38fdc1da15f52bdd7ce5cd9 Brizza replied to the topic Trust with a minor as the beneficiary in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4992613-trust-with-a-minor-as-the-beneficiary/#post-4992641 Thu, 10 Jul 2014 15:09:41 +0000 So the beneficiary is assessed for the tax payable (which can be at high rates) but the trustee actually pays the tax on behalf of the child beneficiary?

]]> 790e44d4222e88cf2e519fefdef3e28f Brizza started the topic Trust with a minor as the beneficiary in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4992613-trust-with-a-minor-as-the-beneficiary/ Thu, 10 Jul 2014 00:27:47 +0000 In a Trust with a minor as the beneficiary

– Does the trustee pay tax or is the beneficiary as a minor taxed at a penalty tax rate?

– Is the beneficiary minor eligible for the 50% CGT discount?

]]> 989d3687d0bf977c07e8a391cd2d54d9 Brizza started the topic Buying using a Trust Structure in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4990817-buying-using-a-trust-structure/ Wed, 21 May 2014 10:16:46 +0000 I’m looking to purchase an IP between 200k to 250k.
I have a 50k deposit.
I don’t want to purchase it in my name though. I briefly looked at a company structure but soon found out that there will be a high rate of tax when I do sell it one day.

What about a Trust structure? From my brief searching, it seems as though this is the norm. and is…[Read more]

]]> 912f49b8840199f6db5bfd586b23d7ef Brizza replied to the topic Taxi PLate finance in the forum Finance https://www.propertyinvesting.com/topic/4390871-taxi-plate-finance/#post-4574503 Fri, 16 Dec 2011 05:05:01 +0000 Thanks for your response. What are the current interest rates for such a security? How much would the repayments be over 15 years?

]]> 031b2ebc21bd3317d19b47f020b42ea1 Brizza replied to the topic Taxi PLate finance in the forum Finance https://www.propertyinvesting.com/topic/4390871-taxi-plate-finance/#post-4574501 Fri, 16 Dec 2011 03:18:34 +0000 Do lenders still only go upto 60-70% LVR for Taxi Plates?If this is still the case what sort of repayments and over what time period would be expected with a 40% deposit?

]]> 64679fcdf9ffdb252ada834c70de7417 Brizza replied to the topic Is it worth becoming a CPA / CA? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394688-is-it-worth-becoming-a-cpa-ca/#post-4595473 Wed, 26 Nov 2008 04:59:26 +0000 On another note, besides following the usual path of getting hammered at a big 4 firm for 3 years and coming out with a CPA / CA. Do any graduates follow the path of getting experience as an Accountant to meet the ATO tax agent registration requirments and look to practice on their own?

]]> 260c96884e2d13a735938b5d2dfb1697 Brizza replied to the topic Is it worth becoming a CPA / CA? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394688-is-it-worth-becoming-a-cpa-ca/#post-4595472 Wed, 26 Nov 2008 00:12:56 +0000 Thanks for all your replies and input.I'll finish the initial studies first and work out what I want to do from there.

]]> 9a132e15c5dd609ebdb47ae1b58cf6d7 Brizza replied to the topic Wrap with divorce in the forum Creative Investing https://www.propertyinvesting.com/topic/4394468-wrap-with-divorce/#post-4594382 Thu, 16 Oct 2008 04:27:06 +0000 I see. Thanks for the info.So from a legal ownership perspective, if I've wrapped my property and the transfer documents have not been lodged, and no stamp duty paid, is my spouse entitled to half during a divorce? As in, do I still own it or do the people I'm wrapping it to own it?

]]> 70a427bc656990415a342ebc03fd99c3 Brizza replied to the topic Wrap with divorce in the forum Creative Investing https://www.propertyinvesting.com/topic/4394468-wrap-with-divorce/#post-4594380 Thu, 16 Oct 2008 00:59:33 +0000 Thanks for the info. During the wrap process, are relevant docuemnts lodged with the authorities to signify the transfer of ownership?

]]> c39ec2e00bee25576566f9eb2f3cfd6c Brizza replied to the topic Avoiding, Minimising or Delaying Stamp Duty. in the forum Creative Investing https://www.propertyinvesting.com/topic/4385799-avoiding-minimising-or-delaying-stamp-duty/#post-4549920 Tue, 08 Apr 2008 09:15:27 +0000 Any more additions to this topic a couple of years on?

]]> be1567a312cc16187e2db29a665e750b Brizza replied to the topic Stamp Duty Rolled Into Finance in the forum Finance https://www.propertyinvesting.com/topic/4392820-stamp-duty-rolled-into-finance/#post-4585417 Sun, 06 Apr 2008 11:25:57 +0000 Thanks for your answer

]]> d145f91648fbfc071458b40e346a1666 Brizza replied to the topic Loan Scenario - Can she get a loan? in the forum Finance https://www.propertyinvesting.com/topic/4390167-loan-scenario-can-she-get-a-loan/#post-4570503 Mon, 16 Jul 2007 11:42:22 +0000 Thanks for your responses.I remember about 18months ago I had the impression that 100% home loans were only available for high income earners, has that changed now?She worked for two years after high school, had a six month break to travel then rejoined with the same organisation in a different location and has been with them for three months now.

]]> f082c71d070918be41867eb8ee24add8 Brizza replied to the topic Still get FHOG is guarantor has already had it? in the forum Even if the guarantor is https://www.propertyinvesting.com/topic/4387816-still-get-fhog-is-guarantor-has-already-had-it/#post-4559371 Wed, 09 May 2007 02:46:47 +0000 Even if the guarantor is your spouse?

]]> 7cddadb10e5f582b9a316b9aa73c5ddb Brizza replied to the topic Wrapping - What happens when I notify bank? in the forum Creative Investing https://www.propertyinvesting.com/topic/4384602-wrapping-what-happens-when-i-notify-bank/#post-4542949 Tue, 07 Mar 2006 12:25:05 +0000 Thanks for your help Richard.
Much appreciated.

]]> 0d5e58e5bcd0f35f16e00d9c6ea275a2 Brizza replied to the topic Wrapping - What happens when I notify bank? in the forum Creative Investing https://www.propertyinvesting.com/topic/4384602-wrapping-what-happens-when-i-notify-bank/#post-4542947 Mon, 06 Mar 2006 09:38:11 +0000 Thanks again for your response.

If I chose not to disclose the information to the bank, is there anyway that they can find out?

During the contract of sale between the wrapper and the wrappee, does the OSR notify the bank of anything during the time of stamp duty processing?

]]> 6f7492811792ac126d5df23bab4f2a22 Brizza replied to the topic Wrapping - What happens when I notify bank? in the forum Creative Investing https://www.propertyinvesting.com/topic/4384602-wrapping-what-happens-when-i-notify-bank/#post-4542945 Mon, 06 Mar 2006 08:44:16 +0000 Thanks for your response.

If I wrap a property to someone, are they eligible to receive the FHOG and if so, how does this work if the property remains in my name?

And this may sound like a stupid question, but if the banks do not allow you to wrap, how do people do it? Is it done through financiers that will allow wrapping or is it done without…[Read more]

]]> 2c24df357399c5e28c43114b5f536d50 Brizza replied to the topic Colonial Lending in Country areas in the forum Finance https://www.propertyinvesting.com/topic/4384516-colonial-lending-in-country-areas/#post-4542623 Tue, 28 Feb 2006 14:27:56 +0000 Thanks for your response.

I’m assuming that because most loans are mortgage insured, there’s no way to get around the postcode restrictions, are there any lenders who will lend favourably to non-metro areas, perhaps lenders that self-insure maybe?

]]> e036890eccc2ba27aabdd995109756bc Brizza replied to the topic Finance for Holiday House / Relocatable Home in the forum Finance https://www.propertyinvesting.com/topic/4384498-finance-for-holiday-house-relocatable-home/#post-4542514 Tue, 28 Feb 2006 10:22:30 +0000 Thanks for your reply.

]]> 6aca5675df7f1b4f46e2ea8f3863b106 Brizza replied to the topic Cost of subdivision in the forum Value Adding https://www.propertyinvesting.com/topic/4384098-cost-of-subdivision/#post-4540193 Thu, 02 Feb 2006 08:09:52 +0000 Thanks for your reply. At the time of writing the original post, I was having trouble using the search function in this forum but have since figured it out and found a lot of my answers through various previous posts, but just another question…

Just a thought…

1. I obtained a normal residential construction loan pre approval.
2. I found a…[Read more]

]]> d0b60be3f29f3dbc85018ede4997fbb5 Brizza replied to the topic 5% non genuine savings incl. FHOG in the forum Finance https://www.propertyinvesting.com/topic/4384085-5-non-genuine-savings-incl-fhog/#post-4540140 Thu, 02 Feb 2006 06:51:13 +0000 Thanks Richard.

]]> d233a79a6cb65e543ddf6e80ce0039f5 Brizza replied to the topic Cost of subdivision in the forum No Subject https://www.propertyinvesting.com/topic/4384098-cost-of-subdivision/#post-4540191 Thu, 02 Feb 2006 06:50:08 +0000 Anybody?

]]> 0ac14ae232e0b9b8202061a070d3213e Brizza replied to the topic Trusts - a more basic question... in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4382049-trusts-a-more-basic-question/#post-4528563 Tue, 06 Sep 2005 05:48:06 +0000 Originally posted by lifeX:
You can have the loan in your name and the title of the property in the trusts name for neg. geared scenarios.

Then, the trust is making a profit. And you still get to claim the loss of the loan interest against your own income.

Called Hybrid Discretionary Trust.

Live, Learn and Grow

Lifexperience

If this…[Read more]

]]> 50be7c7a1952524eb8b1a828b0a139e6 Brizza replied to the topic Young Investors in the forum No Subject https://www.propertyinvesting.com/topic/4379914-young-investors/page/3/#post-4513593 Sat, 27 Aug 2005 12:08:00 +0000 How do you guys manage to get finance at a young age? Do yous have jobs which earn high enough to cover serviceability or do your parents go guarantor on serviceability to get you into finance?

]]> 0a11194669b26f940d69c533e045dc2c Brizza replied to the topic Owner Builder Finance in the forum No Subject https://www.propertyinvesting.com/topic/4381730-owner-builder-finance-2/#post-4526565 Thu, 18 Aug 2005 10:44:13 +0000 Thanks for all your responses. I called St. George and their LVR was 75%.

Stuart, I called the NAB a few times today and got conflicting answers as to their LVR for owner builders. I got 70%, 80%, 90% and 95%.

Do you know which one it is?

]]> bd03294a45b5b0d0051a2a53457ad065 Brizza replied to the topic Bank Accounts In the USA in the forum General Property https://www.propertyinvesting.com/topic/4378528-bank-accounts-in-the-usa/#post-4505354 Mon, 07 Feb 2005 09:52:11 +0000 I know that the Commonwealth Bank act as an agent to the Bank of America which I think allows you to do Bank of America banking through the CBA but I’d check it out.

]]> 03416a4ca5ea03731465b71183018cf9 Brizza replied to the topic Help on city apartment! in the forum Help Needed! https://www.propertyinvesting.com/topic/4376692-help-on-city-apartment/#post-4494096 Sat, 05 Feb 2005 23:37:39 +0000 1 bedroom, 1 bathroom 42 square metres.

Would I have troubles getting finance?

]]> 31d275925cfe8ac7a430fef5aabdeaf8 Brizza replied to the topic Settling process (on my first IP) in the forum Help Needed! https://www.propertyinvesting.com/topic/4378174-settling-process-on-my-first-ip/#post-4503294 Sat, 05 Feb 2005 09:43:28 +0000 I am in the same situation as yourself Dan, and I was just wondering is the standard practice to get building inspections and valuations done before you see your solicitor about the contract or do you see your solicitor first and plan them inspections into the contract?

Also, I have put down $1000, the 5%/10% deposit, when is that usually…[Read more]

]]> f3409315635d0657641933b4ffb8ff5b Brizza replied to the topic John Burley Automatic Wealth Program in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366735-john-burley-automatic-wealth-program/#post-4421173 Fri, 15 Aug 2003 02:18:33 +0000 I went to his seminar this week. I didn’t find it very good. Too much marketing and hype.
He had the crowd standing up and shouting “pigs” which was in refererence to a type of investor that the professionals refer to in this manner.
I don’t see how that educates anyone. I was hoping for it to be near purely educational.

And also, he showed a…[Read more]

]]> 1d338845424ecedba73dfdcfffc3a14d Brizza replied to the topic Basic Finance Question in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366783-basic-finance-question/#post-4421497 Sat, 09 Aug 2003 12:41:07 +0000 ah ok, I think I’m picking up. I know that you “have” to do this and this is the case (that you can’t use your deposit as equity on something else) but I’m just wondering as to the “why” bit.

Is it mandatory for all finance deals, that you have a 10% (or 5% in some cases) stake in your property so that if they foreclose on you for whatever…[Read more]

]]> 773004bb86c9d889b7888b97b5258c02 Brizza replied to the topic Cashflow game Hunter Valley NSW in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366784-cashflow-game-hunter-valley-nsw/#post-4421508 Sat, 09 Aug 2003 12:27:24 +0000 ah yeah I saw that in the back of one of his books.

Do you host regular games at Maitland? Any games hosted in Newcastle?

]]> 51eea97ab7a112d86aec982b82d93a43 Brizza replied to the topic The book.. it's now available! in the forum No Subject https://www.propertyinvesting.com/topic/4366637-the-book-its-now-available/page/2/#post-4420724 Sat, 09 Aug 2003 12:13:12 +0000 Bought it on Thursday, the last one in my local store. I reckon your today tonight segment would have attracted a fair bit of business. It’s what got me interested as I was already reading books about property investment. Upto the last bit about negative gearing now.

]]> f3aca62caec602b99d4da6f6baaa1099 Brizza replied to the topic Basic Finance Question in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366783-basic-finance-question/#post-4421494 Fri, 08 Aug 2003 06:40:40 +0000 ok, so that 10% stake I have in my $100,000 property, does the bank own that? or is that just part of my loan that is counted as being payed off? So I can’t use that $10,000 as equity at all? Is that $10,000 equity that I own?

]]> f7bd41cd54295a78d4f31af862e227ac Brizza replied to the topic Cashflow game Hunter Valley NSW in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366784-cashflow-game-hunter-valley-nsw/#post-4421500 Fri, 08 Aug 2003 04:50:13 +0000 What is the cashflow game?

]]>