PropertyInvesting.com | chappy1970 | Activity https://www.propertyinvesting.com/members/chappy1970/activity/ Activity feed for chappy1970. Sat, 11 Apr 2026 20:50:31 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 211ece00bb89a53b8ac79e70875360b8 chappy1970 replied to the topic So what rate interest rate are you getting in the forum Help Needed! https://www.propertyinvesting.com/topic/4402806-so-what-rate-interest-rate-are-you-getting/page/4/#post-4642067 Thu, 20 Oct 2011 03:48:30 +0000 Earlier this year I set about restructuring my existing loan i.e. P & I to I/O loan, applied and had approved two other seperate loans (facilitated by a broker) and stayed with the same lender. Purchased 1st IP in June, looking very closely at another property under a SMSF shortly Was able to wrangle a 0.9% discount (off the std variable rate) f…[Read more]

]]> 02f2be893461185c52ecfad54ed48acf chappy1970 replied to the topic Need new computer in the forum Help Needed! https://www.propertyinvesting.com/topic/4404747-need-new-computer/#post-4656032 Tue, 20 Sep 2011 07:34:17 +0000 Thanks to all for the responses.Having been an IT geek for years, I think I am finally ready to get my first MAC :)

]]> cc488867d618a51ce4406a12525e1b3a chappy1970 replied to the topic Managing Agent Etiquette in the forum Scott it's on https://www.propertyinvesting.com/topic/4404311-managing-agent-etiquette/#post-4652892 Thu, 28 Jul 2011 05:21:00 +0000 Scott it’s on RE.com.au,

It’s only 5-6 years old(apartment) It certainly needs a good clean and fresh coat of paint, but we cannot get in to do those things before settlement. The vendor has allowed access during the settlement period to find a tennant.

so it probably isn’t being shown at it’s potential

]]> 7c26407e1d350006557f6d98207d7d20 chappy1970 replied to the topic Managing Agent Etiquette in the forum Help Needed! https://www.propertyinvesting.com/topic/4404311-managing-agent-etiquette/#post-4652888 Wed, 27 Jul 2011 09:45:04 +0000 Yes it’s on the web and has been for a couple of weeks, inner southern suburbs of Melbourne. Elwood, Elsternwick, Prahran area

]]> cebbfc36e5993b287e0d86a975394b79 chappy1970 replied to the topic Where should the rent go? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404148-where-should-the-rent-go/#post-4651311 Mon, 18 Jul 2011 01:07:29 +0000 Richard no need to be sorry, that is the exact reason I joined this forum, to get sound advice on the right structure. Looks like I need to have a new Savings account setup with a 100% offset facility against the PPOR loan.Thanks for the setting me on the right path.Chappy 

]]> 048e093276857d57e28275cff057a86e chappy1970 replied to the topic Where should the rent go? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404148-where-should-the-rent-go/#post-4651307 Fri, 15 Jul 2011 01:56:31 +0000 If i have my salary (and my wife's) go into the PPOR (IO loan with redraw) will this do the same? as it will reduce the interest on the loan and will still give me access to funds (via the redraw)?

]]> fd07bce9797ee64a163fa661c5dc4a84 chappy1970 replied to the topic Where should the rent go? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404148-where-should-the-rent-go/#post-4651301 Thu, 07 Jul 2011 07:10:51 +0000 Thanks Richard,
This is my first IP and after seeking advice from an expert, my wife and I recently converted our PPOR loan to IO.

Presently we have both mine and my wife’s salaries going into the PPOR IO loan.

We have a savings account, but this generally only holds a couple if hundred at any one time which is what we use for carry around cash…[Read more]

]]> 05f780a16badcd3537ecaf84595ecd88 chappy1970 replied to the topic ANZ's position on Negative Gearing in the forum Help Needed! https://www.propertyinvesting.com/topic/4403833-anzs-position-on-negative-gearing/#post-4649163 Thu, 09 Jun 2011 23:55:37 +0000 Terryw wrote:
I think the main effect may be a decrease in new properties being built as investors would be less inclined to invest in construction. However, most developers would not be negative gearing anyway so maybe this won't be effected.

Terry imagine the backlash from the building industry if this was to occur.

]]> bda3f9faa8b020d967ed10d87c8058b9 chappy1970 replied to the topic Want to invest in property in the forum Help Needed! https://www.propertyinvesting.com/topic/4400614-want-to-invest-in-property/#post-4628345 Sat, 04 Jun 2011 07:05:09 +0000 Richard is there a simple formula to use to work out what the monthly salary would be, incorporating interest from an IO loan of an investment property.My wife and I are crunching the numbers at the moment to determine what our purchasing power is.We have an Equity loan organised from my PPOR. The outstanding on the PPOR is $240K on a property…[Read more]

]]> 3eaf912653bc15e5e49978b8793fe790 chappy1970 replied to the topic Confusion City - no real direction in the forum Help Needed! https://www.propertyinvesting.com/topic/4403709-confusion-city-no-real-direction/#post-4648372 Wed, 25 May 2011 00:25:50 +0000 EV,What a concise and methodical approach you and your partner applied. I'm trying to cram years 10-4 (year learning span) into a smaller time frame, my wife and I have had our kids (no more for us :)).We have considerable equity and now have the finance ready for the IP, I have received considerable advise on the correct way forward; r.e.…[Read more]

]]> d873c35ec1bb16224d4f447089133739 chappy1970 replied to the topic Unhelpful Real Estate agents in the forum Help Needed! https://www.propertyinvesting.com/topic/4403679-unhelpful-real-estate-agents/#post-4648083 Tue, 24 May 2011 23:23:22 +0000 For clarity this statementSecondly, I understand that the agent first and foremost represents the buyer, but part of that obligation is to engage with buyers who display a genuine interest in the property For Sale. In this instance I don't believe this occurred.Should have readSecondly, I understand that the agent first and foremost represents the…[Read more]

]]> 94dab44024c11b48a8715b719b763f37 chappy1970 replied to the topic Unhelpful Real Estate agents in the forum Help Needed! https://www.propertyinvesting.com/topic/4403679-unhelpful-real-estate-agents/#post-4648081 Tue, 24 May 2011 01:47:08 +0000 Andrew whilst I see that you are in the industry I disagree with your comments. Firstly my repeated requests to the agent to get a viewing of the property along with my numerous queries regarding the price were evidence enough that I was serious about buying the property. I have enough to do without wasting my time chasing the agent on something t…[Read more]

]]> d13c343ff217ac485bdcea37038911f2 chappy1970 replied to the topic Unhelpful Real Estate agents in the forum Help Needed! https://www.propertyinvesting.com/topic/4403679-unhelpful-real-estate-agents/#post-4648078 Fri, 20 May 2011 02:09:43 +0000 Appreciate all the great feedback.We didn't think it was going to be a simple process, so we have learnt from it and have moved on.

]]> a88784fbf2436879debc5897184ad872 chappy1970 replied to the topic Unhelpful Real Estate agents in the forum Help Needed! https://www.propertyinvesting.com/topic/4403679-unhelpful-real-estate-agents/#post-4648073 Thu, 19 May 2011 08:33:27 +0000 Further to this, the other party finally go a viewing.

We promptly made an offer, this was taken back to the vendor by the REA.

The response was that the vendor was looking for considerably more.

The thing that puzzles me was that the item was listed as $XXX + and the Vendor wants 10% more than the advertised price.

I find this very unusual…[Read more]

]]> 7a92571125de5c1408c284800ac4b683 chappy1970 replied to the topic Interest Only Loans versus Principle + Intterest Loans? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400031-interest-only-loans-versus-principle-intterest-loans/#post-4624920 Wed, 11 May 2011 02:30:25 +0000 SandraL wrote:
Interest Only loans give you more flexibility. A lot of people don't understand this, but you can pay down the principal on a  I/O loan just as easily as on a Principal + Interest loan, but you don't have to, that is the big difference. If you have spare cash, you can make extra repayments, but it is entirely up to you. Whereas on…[Read more]

]]> d1872db527dd5e81578f7950d47ddc57 chappy1970 replied to the topic Self Managed Super Fund and Investment Properties in the forum Help Needed! https://www.propertyinvesting.com/topic/4403586-self-managed-super-fund-and-investment-properties/#post-4647375 Wed, 11 May 2011 01:40:45 +0000 First post for me, so much great information on the forum, thanks to all.Very much a novice investor, but have negaged experienced professionals to guide me through most of the pitfalls.Looking to purchase my first investment property shortly and am looking into a SMSF later this year.Very informative thread

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