PropertyInvesting.com | bullet46 | Activity https://www.propertyinvesting.com/members/bullet46/activity/ Activity feed for bullet46. Sun, 12 Apr 2026 15:57:15 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 80c32ad27c199477b3ba5a3cd9351749 bullet46 started the topic Ideas on Direction from Here? My Situation in the forum Help Needed! https://www.propertyinvesting.com/topic/5049829-ideas-on-direction-from-here-my-situation/ Fri, 22 Mar 2019 00:48:32 +0000 Hey Guys,
I haven’t visited this forum in some years but used to always be on here. My wife and I have had experience with property investing in the past, but I believe my strategy, along with having children, has changed. In the past we were operating on this system: small home loan on our PPOR and then investment properties (n/geared). We ended…[Read more]

]]> ade6a046b4eb433b2218b301e35d15c1 bullet46 started the topic Where to from here...? Appreciate some advice in the forum General Property https://www.propertyinvesting.com/topic/5023728-where-to-from-here-appreciate-some-advice/ Tue, 12 Apr 2016 06:52:29 +0000 Hello everyone,

I am looking for a little advice on my current situation…

My wife and I (both 28) have been investing since 2012. We have done reasonably well, but with the arrival of our first child, it has caused us to reassess our direction.

Currently we have:
3 Bedroom house, purchase price was $245000, estimated value $320000, rent…[Read more]

]]> 301abbf9c4775551d9f225645bd61331 bullet46 started the topic Where to from here...? Appreciate some advice in the forum General Property https://www.propertyinvesting.com/topic/5023728-where-to-from-here-appreciate-some-advice/ Tue, 12 Apr 2016 06:52:29 +0000 Hello everyone,

I am looking for a little advice on my current situation…

My wife and I have been investing since 2012. We have done reasonably well, but with the arrival of our first child, it has caused us to reassess our direction.

Currently we have:
3 Bedroom house, purchase price was $245000, estimated value $320000, rent $310/week
3…[Read more]

]]> 4ce9aa234d7406622e57e25dff5582dc bullet46 replied to the topic Crazy tenant demands in the forum General Property https://www.propertyinvesting.com/topic/5016575-crazy-tenant-demands/#post-5016925 Thu, 26 Nov 2015 21:53:28 +0000 Haha – love these types of things.

I once received one because the line on the clothes line was a tad loose. It was a brand new property so it had obviously stretched by a very minimal amount.

]]> a1a89455aba665b27ecd16c310858bd0 bullet46 replied to the topic Self Managed Property Issues in the forum Help Needed! https://www.propertyinvesting.com/topic/5016860-self-managed-property-issues/#post-5016923 Thu, 26 Nov 2015 21:42:55 +0000 In this same situation myself and have been for years…
Tenant says they have no pets, then I find out they have 2 or 3 and they are inside. The lesson I have learnt over the years, across many of my investment properties, is to not sweat the small things. Ask yourself: are they paying the rent on time? have they ever missed a payment? are the…[Read more]

]]> 0f2b916d6765d16a2d053bf25dca15b4 bullet46 started the topic Tax/Accounting Question releasing equity in the forum Help Needed! https://www.propertyinvesting.com/topic/5015316-taxaccounting-questing-releasing-equity/ Sun, 01 Nov 2015 21:17:36 +0000 Hello all,

I have a question that boils down to tax implications and wanting an understanding before making a mistake.

I am looking to release approximately $100,000 of usable equity out of one of my investment properties to use for another venture. If my circumstances change 12 months after releasing that equity and I am forced to sell the…[Read more]

]]> 42477c6fa1906e49bd39f7f332703f17 bullet46 started the topic Tax/Accounting Questing releasing equity in the forum Help Needed! https://www.propertyinvesting.com/topic/5015316-taxaccounting-questing-releasing-equity/ Sun, 01 Nov 2015 21:17:36 +0000 Hello all,

I have a question that boils down to tax implications and wanting an understanding before making a mistake.

I am looking to release approximately $100,000 of usable equity out of one of my investment properties to use for another venture. If my circumstances change 12 months after releasing that equity and I am forced to sell the…[Read more]

]]> 1e5ed85074b56784b065ae7445826e8d bullet46 started the topic Unapproved enclosed garage... in the forum Help Needed! https://www.propertyinvesting.com/topic/5007148-unapproved-enclosed-garage/ Thu, 07 May 2015 21:21:38 +0000 Hey guys,

Looking into a house at the moment and upon receiving a council report I found that the enclosed garage is not approved. The owner of the house is a tradie, however, I am concerned as I will have tenants in the property. The room is not being used a bedroom at the moment. The current tenant has transformed it into a bar/sitting…[Read more]

]]> 4418a22b1b74e9f70035c7e1f6b3cffd bullet46 replied to the topic How to evict a tenant? in the forum Help Needed! https://www.propertyinvesting.com/topic/5005117-how-to-evict-a-tenant/#post-5005413 Wed, 01 Apr 2015 21:21:38 +0000 I cannot remember who my wife chose to have our insurances through, but I am pretty sure we pay around $900 per property/year.

]]> d7477f42263fc34290b50a14a1aff098 bullet46 replied to the topic Anything wrong with my strategy? in the forum General Property https://www.propertyinvesting.com/topic/4409193-anything-wrong-with-my-strategy/#post-5003572 Fri, 13 Mar 2015 21:33:23 +0000 Good question – the PPOR would probably be worth $440000… I will always regret letting that house go however, I really feel that by selling it I have kick started myself to invest further. I also look at the equity I have created in the duplex and can see it exceeds equity I had in the PPOR.

I know that by building up my offset account and…[Read more]

]]> 647d6994cad7c15a3d0901f8958cafde bullet46 replied to the topic Anything wrong with my strategy? in the forum General Property https://www.propertyinvesting.com/topic/4409193-anything-wrong-with-my-strategy/#post-5003546 Thu, 12 Mar 2015 23:03:13 +0000 Hi Guys,

Almost 2 years later and I felt like writing an update:

I am now 27 years old, still married :) and no kids on the scene yet. I’m still property investing and here’s where I am up to:

Combined income is around the same $190000.

Investment property 1: (2012) Purchase price $245000, Bank valued at $305000 on I/O, secured by itself -…[Read more]

]]> ad131c235a3407796e055447bc673013 bullet46 replied to the topic Rockville -suburb of Toowoomba in the forum Help Needed! https://www.propertyinvesting.com/topic/4410056-rockville-suburb-of-toowoomba/#post-4694990 Fri, 27 Sep 2013 11:38:58 +0000 In my opinion, Rockville is one of the least desirable suburbs of Toowoomba. I know this because I live in Toowoomba.

]]> 4066b7b61de60b900b50ee9ff4d3e746 bullet46 replied to the topic Can anyone recommend a good property manager in Toowoomba? in the forum General Property https://www.propertyinvesting.com/topic/4409741-can-anyone-recommend-a-good-property-manager-in-toowoomba/#post-4693451 Mon, 23 Sep 2013 10:30:34 +0000 Great to hear!

]]> 70f60762163cb27e7645555afea7efdc bullet46 replied to the topic beginning investor from 2 properties to 4 - My strategy! in the forum General Property https://www.propertyinvesting.com/topic/4409814-beginning-investor-from-2-properties-to-4-my-strategy/#post-4693838 Mon, 26 Aug 2013 20:47:30 +0000 Catalyst – Duplex won't be strata titled and after speaking to the bank twice, I have been informed that the loan on the duplex can be split into two separate loans. You're right about the properties being cross collaterised, but I'm happy for this to happen in order to form securities. We are both on great incomes and I'm confident that we can…[Read more]

]]> f003d2326fa273bfdf235119b84fd3fd bullet46 replied to the topic beginning investor from 2 properties to 4 - My strategy! in the forum General Property https://www.propertyinvesting.com/topic/4409814-beginning-investor-from-2-properties-to-4-my-strategy/#post-4693836 Mon, 05 Aug 2013 23:48:12 +0000 Hi Simple,

Wow, I'm really motivated you mentioned the buffer account as that's exactly the language we have been talking. I told my wife that we'd get into the unit, own it outright and then get all 3 investment properties neutrally geared. From the moment they are neutrally geared we would create a buffer account so that we are protected should…[Read more]

]]> df7994d01530d50f2745b8574579d029 bullet46 replied to the topic Can anyone recommend a good property manager in Toowoomba? in the forum General Property https://www.propertyinvesting.com/topic/4409741-can-anyone-recommend-a-good-property-manager-in-toowoomba/#post-4693446 Mon, 22 Jul 2013 21:57:04 +0000 Hi Rachelrodrigues,

I have mine through Toowoomba City Realty and they have been nothing short of perfect. They charge a flat fee of $110 per month and have been prompt when following up concerns. I knew they were a good company when my friend (a renter) said they didn't like them because they are too picky :D my reply was "perfect".

Jamie

]]> 5655969d699f1d19068b5d808fc5a2db bullet46 replied to the topic Urgent help needed... House with unapproved extra room. in the forum Help Needed! https://www.propertyinvesting.com/topic/4409708-urgent-help-needed-house-with-unapproved-extra-room/#post-4693273 Mon, 15 Jul 2013 06:58:13 +0000 Hi Shape,
Is it an internal wall when they built a deck and essentially closed it in to make a room. They then knocked down and internal wall to create open plan living.

]]> 2b865d0035acb292cad4d584ee21f8ac bullet46 replied to the topic Anything wrong with my strategy? in the forum General Property https://www.propertyinvesting.com/topic/4409193-anything-wrong-with-my-strategy/#post-4689847 Sun, 21 Apr 2013 20:48:23 +0000 Hi JacM,

The reason i eventually want to do build a duplex and live in one side is for a couple of reasons.

1) We have only ever built properties brand new and we still wanted a "nice" newer house for ourselves. Something that we can stay in for many years while we cement a decent property portfolio.
2) It may sound silly, but we have a couple…[Read more]

]]> c74d1ac9514efa906806272ed2c426f5 bullet46 replied to the topic Anything wrong with my strategy? in the forum Ok. https://www.propertyinvesting.com/topic/4409193-anything-wrong-with-my-strategy/#post-4689844 Thu, 18 Apr 2013 22:47:42 +0000 Ok.
Once I sell my current PPOR and buy my next one, I was planning on keeping the new ppor as I/O as I believe it’ll eventaully become an investment property itself. I wanted to pay it down in full so that we can devote our funds to the offset accounts of the IPs. Im located in QLD so not sure about the benefits of putting it in different…[Read more]

]]> 4146aaa23d08ef216d9fda47c00d9853 bullet46 replied to the topic Privately renting out my property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409048-privately-renting-out-my-property/#post-4688891 Tue, 26 Mar 2013 01:14:38 +0000 Wow, ok, good advice.

I was worried about all the things you mentioned. I wonder if it'd be better to get a steady tennant through a PM and then drop the PM once I see that the tennants are doing the right thing…

]]> 6fd8304b3a7f42ffaff319a9c63e092d bullet46 replied to the topic Toowoomba in the forum Help Needed! https://www.propertyinvesting.com/topic/4408580-toowoomba-4/#post-4685226 Mon, 04 Mar 2013 21:21:10 +0000 Hi Connolly,

I live in Toowoomba (Highfields) and we have an investment property in Inner-North Toowoomba.

I can provide you with a lot of information regarding Wilsonton, simply because I lived there for a large chunk of my life. Wilsonton has a large housing commission estate right in the centre of the suburb. People of Toowoomba tend to stay…[Read more]

]]> 56e4192ee4528d5c208bf87399583c94 bullet46 replied to the topic Well... I've done it... Taken my first step in investing... in the forum Thanks for comments guys. https://www.propertyinvesting.com/topic/4408298-well-ive-done-it-taken-my-first-step-in-investing/#post-4682705 Fri, 21 Dec 2012 05:19:09 +0000 Thanks for comments guys. Some really useful information and food for thought.

I want to sell the newly constructed property as I want the equity out of the property so that's the reason I don't want to keep both. I also feel that if I was to keep both then it'd slow me down as cash flow would take a hit.

PLC – your info has made me look twice…[Read more]

]]> ae50ed1c82352a12dc8bc6ba823d6bf1 bullet46 replied to the topic Well... I've done it... Taken my first step in investing... in the forum General Property https://www.propertyinvesting.com/topic/4408298-well-ive-done-it-taken-my-first-step-in-investing/#post-4682700 Thu, 20 Dec 2012 04:08:28 +0000 Catalyst – Yes first house was built as a PPOR but then we bought the older property to live in for after the sale of newly constructed property. We bought the older property so that we could live mortgage free and then direct our attention to our first real investment.

So how did I come up with $250000 cash equity? Newly built property is worth…[Read more]

]]> 92f5ce78c3e630739040a8dc1d7ce1cd bullet46 replied to the topic CGT, period in PPOR? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407908-cgt-period-in-ppor/#post-4679459 Thu, 18 Oct 2012 22:00:33 +0000 Ok. Yes I have a second property that will be vacant ready for when I move in… The tenants in there will be moved on approximately 2 weeks before I am due to transition from house A to house B. What do you think?

]]> daa995979a33332d4090dd51ccbb850a bullet46 replied to the topic Duplex Construction - What have I missed? PLS LOOK in the forum Thanks for the comments guys. https://www.propertyinvesting.com/topic/4407778-duplex-construction-what-have-i-missed-pls-look/#post-4678679 Thu, 18 Oct 2012 09:41:02 +0000 Thanks for the comments guys.

Since posting this question we have made a few changes in our investment strategy. One change has seen up buying a second property that we plan to live in once our PPOR has sold. We are doing this to free up some more cash as we'll only owe $30000-$40000 on it.

The duplex is still high on my list, however, I am…[Read more]

]]> e3957e057b9b226e25bba68f9183112a bullet46 replied to the topic Duplex Construction - What have I missed? PLS LOOK in the forum Help Needed! https://www.propertyinvesting.com/topic/4407778-duplex-construction-what-have-i-missed-pls-look/#post-4678678 Thu, 18 Oct 2012 09:40:53 +0000 Thanks for the comments guys.

Since posting this question we have made a few changes in our investment strategy. One change has seen up buying a second property that we plan to live in once our PPOR has sold. We are doing this to free up some more cash as we'll only owe $30000-$40000 on it.

The duplex is still high on my list, however, I am…[Read more]

]]> 32bfa5064ff1f10f46ab648b763969d2 bullet46 replied to the topic What to do with equity? buy, build or sell? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407759-what-to-do-with-equity-buy-build-or-sell/#post-4678555 Tue, 02 Oct 2012 22:55:00 +0000 TheFinanceShop wrote:
Which area are you looking at?

Due to our employment (Teacher and Purchasing Officer) we must stay in Toowoomba. We currently live in Highfields which is very close to Toowoomba itself.

]]> 86aa3f16d3bd86002936abc3cddabe46 bullet46 replied to the topic What to do with equity? buy, build or sell? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407759-what-to-do-with-equity-buy-build-or-sell/#post-4678553 Tue, 02 Oct 2012 22:39:46 +0000 Thanks JamieM.

My wife keeps saying to me "lets have kids at age 27" but believe me when I say that I am pushing it back as far as possible at the moment. As close to 30 suits me fine. The loss of income is of concern, but I guess like a lot of people out there, we are trying to time it in around her long service leave. See what happens I…[Read more]

]]> 2591cd459257c742684a5e31d9158a99 bullet46 replied to the topic What to do with equity? buy, build or sell? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407759-what-to-do-with-equity-buy-build-or-sell/#post-4678551 Tue, 02 Oct 2012 22:18:17 +0000 Great info guys! THANKS!

I don't think I'd be too concerned with seeking approval for a duplex as my wife is pretty good with things like that. We could get the land while still in our PPOR and start the whole process. Just faced with a whole heap of 'what if' type questions… How long will it take? What if we can't build a duplex on that block?…[Read more]

]]> 3810e2ab55350d472f58c7dd022952f2 bullet46 replied to the topic Wait for equity or spend savings in the forum Help Needed! https://www.propertyinvesting.com/topic/4406345-wait-for-equity-or-spend-savings/#post-4667687 Mon, 16 Apr 2012 10:30:30 +0000 Interested to see the replies as we are in a similar situation.

]]> 57d0cab61906110fc3940ff432e07111 bullet46 replied to the topic My idea (pick it apart - tips please) REALLY REALLY NEED HELP in the forum Help Needed! https://www.propertyinvesting.com/topic/4404347-my-idea-pick-it-apart-tips-please-really-really-need-help/#post-4653170 Sun, 31 Jul 2011 23:45:05 +0000 Hello JacMThanks for your reply.Yes we have received the first home owners grant back when it was $21000 to buy or build a new property. The $21000 assisted us to build our first PPOR. Im not wanting to build another house with a 250k debt however my wife likes the idea of a new house. My thinking is to save really hard and own a cheaper house.…[Read more]

]]>