PropertyInvesting.com | callmeles | Activity https://www.propertyinvesting.com/members/callmeles/activity/ Activity feed for callmeles. Mon, 13 Apr 2026 15:22:18 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 e243a12db2cc2846ae4ed218ce7e1b08 callmeles replied to the topic It's almost June (what have you achieved) in the forum Help Needed! https://www.propertyinvesting.com/topic/4991019-its-almost-june-what-have-you-achieved/page/2/#post-4991269 Sun, 01 Jun 2014 21:59:29 +0000 Hi Guys
Have been stuck in neutral so far this year.
Looked at the RE mkt a few times and found a deal almost 40% under market in Melbourne.
Badly needs a reno – BUT the deals are out there, just keep looking and crunching the numbers.
Q. JP, so when is Man U going to re-emerge.
My year to date has been as flat as our team. DOH
For those of you…[Read more]

]]> 97101c71927563e86240a7ffd012bc41 callmeles replied to the topic New Investors in the forum General Property https://www.propertyinvesting.com/topic/4409192-new-investors-2/#post-4689828 Sat, 27 Apr 2013 23:35:24 +0000 Hi LouieFin's Mum

You'll never walk(invest) alone again.
Welcome to the family/community of Australia's property investors.
Get out there and read everything you can on property investment.
You'll amaze yourself at how fast you get a grasp of the bare bones of this product.
To educate family, friends and work colleagues register in Steves…[Read more]

]]> 35fc5dcfe3b0ce2013f11f16d10ff5c1 callmeles replied to the topic Quick, cost effective Reno to manufacture equity in the forum Dear Homemade, JacM and https://www.propertyinvesting.com/topic/4408654-quick-cost-effective-reno-to-manufacture-equity/#post-4685923 Mon, 15 Apr 2013 22:00:58 +0000 Dear Homemade, JacM and Jalugera

I've done a few in Norlane as well.
TLC renovation on existing 3BR home and subdivision.
Selling the land to a builder via architect/draftee contacts. (Cuts out RE agent commission/advertising)

It is a very low entry price and minimises risk of loss.
Of course it also minimises the amount of your return.
To date…[Read more]

]]> cafb2dc2c4b857b1e3eac1fe393bd297 callmeles replied to the topic Young man seeking mentor in the forum Help Needed! https://www.propertyinvesting.com/topic/4409081-young-man-seeking-mentor/page/2/#post-4689143 Mon, 15 Apr 2013 21:46:50 +0000 Hi Sebastian

Welcome aboard.
There are no short cuts in this game.
I call it a game cause I loved playing Monopoly and inevitably won at it.
The property game is like Monopoly excepts that there is a lot more at stake.
There are no Chance cards, you've got to make them up or take them when they present themselves.
Community Chest is Joint Venture…[Read more]

]]> a8238c81fd2f24fcbf1d1aa1cfe09908 callmeles replied to the topic Methologies, tools, tips, advisers... in the forum Help Needed! https://www.propertyinvesting.com/topic/4409169-methologies-tools-tips-advisers/#post-4689716 Sun, 14 Apr 2013 21:06:21 +0000 Hi EJay

I would suggest that you need to get better educated.
There are sharks out there willing to give you plenty of advice & pocket a commission for the privilege.
You get to take all of the potential risk on the biggest investment outlay of your life.
AND the product may not be the best for your personal situation.
You need to obtain the…[Read more]

]]> 418e870d5331fbb790882c62c50e0cad callmeles replied to the topic Investment strategy for acquisition phase. in the forum Help Needed! https://www.propertyinvesting.com/topic/4409131-investment-strategy-for-acquisition-phase/#post-4689402 Sat, 13 Apr 2013 22:18:37 +0000 Hi Cal

You're only 26 and looking at a strategy to set up a portfolio of ten properties within the next ten years.
Instead of one strategy why don't you enrol in Steve's Property Apprenticeship Cert IV?
You'll end up with  an unbelievable amount of knowledge, like minded contacts and more strategies then you can point a stick at.

For an…[Read more]

]]> 61242f2bbe3e04be8b73ef17cee36570 callmeles replied to the topic Property Investing Course in the forum Help Needed! https://www.propertyinvesting.com/topic/4409141-property-investing-course/#post-4689470 Fri, 12 Apr 2013 22:33:50 +0000 Welcome Jason & Daniel,

Rolton & Lomas are okay but if you want to get into the real thing.
READ STEVE MCKNIGHT.
THEN ENROL IN HIS CERT IV PROPERTY INVESTMENT COURSE.

Regards

]]> 92c46ee8ab03b7731134c3667e89972b callmeles replied to the topic How to find money for projects? in the forum Creative Investing https://www.propertyinvesting.com/topic/4408621-how-to-find-money-for-projects/#post-4685612 Sun, 17 Mar 2013 02:04:14 +0000 Hi Marty,

Freckle is right, you appear to be rushing things a little bit.
Ensure that you/your project manager have the capacity to manage these deals in a timely manner.
If you fail to deliver on promises/proposals made to your JV partners, you'll burn the relationship for future.
I have travelled down this road, and have still yet to meet a…[Read more]

]]> e090c9c5ff415f416eee6de4aab0daa4 callmeles replied to the topic Free tickets YIP seminar in the forum Help Needed! https://www.propertyinvesting.com/topic/4408766-free-tickets-yip-seminar/#post-4686819 Sat, 23 Feb 2013 22:59:14 +0000 Hi Vin

My apologies to get back to you so late.
The tickets were snapped up on Wednesday.
I should have posted the fact.

I'll make a note that you get first call on anything in the future.
Y I P forum was great.

Regards

]]> 43b3101bffd55eb6870a360b9c0455d2 callmeles replied to the topic Assets but no servicability, how to get a loan? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408712-assets-but-no-servicability-how-to-get-a-loan/#post-4686395 Sat, 16 Feb 2013 22:15:44 +0000 Hi Madmax

One other option not mentioned is to approach some well heeled friends and cut them in for a portion of the action or agree up front that they get an above bank return say 8-10% p.a. or a cut of the profits.
This financing has worked a gem for me on the past five purchases.
I have 6 institutional lenders who have all told me no no no…[Read more]

]]> 2fca8149bfa3a4d89ca12d2394624252 callmeles replied to the topic Is Robert Kiyosaki's richdad coaching good? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408763-is-robert-kiyosakis-richdad-coaching-good/#post-4686748 Sat, 16 Feb 2013 02:52:32 +0000 I'M WITH freckle on this one.

Sign up for STeve's Cert iV in property investing.
GO to the library and borrow and read Kiyosaki's stuff.
BUT if you ever want to confidently make a buck in the Aussie property market, get the knowledge and qualification courtesy of Steve's Cert IV.
Regards

]]> f5cbaa3fd61bb5f3d42aa6578890c429 callmeles replied to the topic Landlord Insurance - Expensive and Never Used? Ideas in the forum Help Needed! https://www.propertyinvesting.com/topic/4407347-landlord-insurance-expensive-and-never-used-ideas/#post-4675333 Fri, 15 Feb 2013 22:12:13 +0000 Hi Guys,

Yeah landlord insurance is a cost that you just have to bare.
And if you are really unlucky you don't ever get to lodge an insurance claim. DOH
Now we must remember that insurance is tax deductible which is one plus.

One big claim on one property and you get to recoup all of your previous premiums, plus some.
Good luck if you can obtain…[Read more]

]]> 3ceb853e7ba8208cd65a683bba7e8525 callmeles replied to the topic * When did you last move house ? * in the forum Forum Frolic https://www.propertyinvesting.com/topic/4407925-when-did-you-last-move-house/#post-4679594 Fri, 15 Feb 2013 06:03:31 +0000 Moved six years ago.
Chucked nothing out.
Maybe that's why I have never been able to park my car in my spot of the double garage.
Half my stuff is also distributed in the garages and garden sheds of my brother & parents.
In addition, I have a heap of stuff in a garage at a renovation I'm working on which I move from reno to reno.
You just never…[Read more]

]]> 4f0c65b83bf15752a711e595ad355eff callmeles replied to the topic Broker for Rent to Buy in the forum Finance https://www.propertyinvesting.com/topic/4408754-broker-for-rent-to-buy/#post-4686684 Thu, 14 Feb 2013 09:34:35 +0000 Hi Steve,

I use a great broker who has gotten me out of a few tight spots over the years.
I'm in the WIld West suburbs of Melbourne.
If you're in my region I'd be happy to put you in touch.

Regards

]]> 147f637a864771edc1f9f040c8959309 callmeles replied to the topic I am new to this.. Help with structuring and general advice. Please! in the forum Help Needed! https://www.propertyinvesting.com/topic/4408752-i-am-new-to-this-help-with-structuring-and-general-advice-please/#post-4686678 Thu, 14 Feb 2013 09:31:48 +0000 G'day Richard 1983

Welcome aboard this is Les 1954.

Get reading and educate yourself.
Can't get any cheaper than at the local library.
Anything by Ton Melville and Ed Chan, Noel Whittaker & stick with this site.
Once you've increased your knowledge you'll be able to rate the professional advisors 
yourself as to whether they have the…[Read more]

]]> 6114f54429ab54989da75276e223879a callmeles replied to the topic Add value to PPOR or save? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408741-add-value-to-ppor-or-save/#post-4686624 Wed, 13 Feb 2013 11:14:53 +0000 Hi Mark

I'm with moxi10 on this one. Any low cost improvements that you can do on your PPOR will add real value and you and your family get to benefit immediately from the small improvements that you have made.  Renovating properties most weekends, the last thing that I want to do is to work on my own home.  However, she who must be obeyed…[Read more]

]]> 28e7bb72e155c90ffe8b870e2d858c7a callmeles replied to the topic Negative or positive for high income in the forum Help Needed! https://www.propertyinvesting.com/topic/4408365-negative-or-positive-for-high-income/page/2/#post-4683285 Mon, 14 Jan 2013 23:23:31 +0000 Hi Boshie,

Apparently you can rent out your PPoR for up to 6 years without being exposed to capital gain for that period.
Provided you havn't bought and lived at another house which you nominate as your PPoR.
Ring ATO 132861 8am to 6pm.
I think the income is assessable in the names of the owners, but you can offset it with exps such as rates,…[Read more]

]]> 28e7bb72e155c90ffe8b870e2d858c7a callmeles replied to the topic Negative or positive for high income in the forum Help Needed! https://www.propertyinvesting.com/topic/4408365-negative-or-positive-for-high-income/page/2/#post-4683283 Mon, 14 Jan 2013 23:23:31 +0000 Hi Boshie,

Apparently you can rent out your PPoR for up to 6 years without being exposed to capital gain for that period.
Provided you havn't bought and lived at another house which you nominate as your PPoR.
Ring ATO 132861 8am to 6pm.
I think the income is assessable in the names of the owners, but you can offset it with exps such as rates,…[Read more]

]]> 28e7bb72e155c90ffe8b870e2d858c7a callmeles replied to the topic Negative or positive for high income in the forum Hi Boshie, https://www.propertyinvesting.com/topic/4408365-negative-or-positive-for-high-income/page/2/#post-4683284 Mon, 14 Jan 2013 23:23:31 +0000 Hi Boshie,

Apparently you can rent out your PPoR for up to 6 years without being exposed to capital gain for that period.
Provided you havn't bought and lived at another house which you nominate as your PPoR.
Ring ATO 132861 8am to 6pm.
I think the income is assessable in the names of the owners, but you can offset it with exps such as rates,…[Read more]

]]> 9da9d96d9c52c81de421c93112c0d477 callmeles replied to the topic Making multiple offers for houses at the same time! in the forum I have made multiple offers, https://www.propertyinvesting.com/topic/4408447-making-multiple-offers-for-houses-at-the-same-time/#post-4683943 Sat, 12 Jan 2013 20:35:46 +0000 I have made multiple offers, and then wait to see how many (if any get an acceptance).
Remember nothing is legally binding until you sign the contract.
So stall if you have to, until you get a response to all of the offers that you have out there.
You might get a couple of R E agents offside, big deal they're not the ones that have to service a 30…[Read more]

]]> 0caa367ef79bb4d16a26ad3280c808a7 callmeles replied to the topic What's One Big Thing you'd like to Accomplish in 2013? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4408304-whats-one-big-thing-youd-like-to-accomplish-in-2013/#post-4682731 Thu, 20 Dec 2012 06:03:03 +0000 Hi Steve,

2013

1.   I would like to introduce my little brother to Ruth.

2.   Finish the three renos I have on the go before February.

3.   Over Summer spend time with family and friends on the beach or just goofing off.

4.   Put your advice into practice, smash the jar, freeing my hand so that I can grab life's other rewards outside of 9 to…[Read more]

]]> 98dde6beeb2808c2b45e81ea08d79171 callmeles replied to the topic any good financial adviser? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408200-any-good-financial-adviser/#post-4681883 Mon, 03 Dec 2012 21:53:00 +0000 Check out Lincoln Holland FP CPA against the check list.
He is located in Lillydale VIC.
He is a fully licensed FP and practising accountant.
Which means he can independently select which ever product he deems appropriate for his clients risk stategy.
Tipped all of his clients out of international equities 2 years ago, and has doubled their…[Read more]

]]> 5aaccf07d0e4b7c0434c4046d814dafd callmeles replied to the topic Should I rent my PPOR?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408199-should-i-rent-my-ppor/#post-4681866 Sun, 02 Dec 2012 23:47:25 +0000 Hi Geddo,

Assuming that the house you R moving to is a rental!

Just remember, you are able to claim MRS unit as your PPOR (Both of you) for up to 6 years.
If you moer back in temporarily, you restart the PPOR clock again, for another 6 years.

AND no you cannot claim deductions for a property of which you do not have your name on title.

The gap…[Read more]

]]> 3845397658d043ed07bd6058006bafc9 callmeles replied to the topic investment property in Norlane Geelong in the forum Forum Frolic https://www.propertyinvesting.com/topic/4408102-investment-property-in-norlane-geelong/#post-4681032 Sun, 02 Dec 2012 22:15:16 +0000 HI,

I have three in Norlane.
The area is taking off.
Hang on to your hat.
Google Norlane which will show you the amount of capital infrastructure and building projects underway between State & Fedaral & local Jurisdictions.

Best

allmeLes

]]> 7cf5de0254248e6f39587e948cdfc650 callmeles replied to the topic South Africa Pros Cons? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4391605-south-africa-pros-cons/#post-4578293 Mon, 02 Jun 2008 12:13:45 +0000 Zim needs more than the election result sorted out. The country is a basket case. Don't kmow much about SA excepts that there appears to be more bad news rather than god emanating ouuta there.I'm not up to scratch with expats & the amount of cash that you can take outta SA but believe that there are limits SOOooo why pour money into an investment…[Read more]

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