PropertyInvesting.com | Chris89 | Activity https://www.propertyinvesting.com/members/chris89/activity/ Activity feed for Chris89. Wed, 15 Apr 2026 03:57:55 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 aee45d99d48572d1bb62e73d7c9c6d94 Chris89 replied to the topic Bought a house for $22,000 in NSW in the forum Help Needed! https://www.propertyinvesting.com/topic/4406044-bought-a-house-for-22000-in-nsw/#post-4665234 Tue, 13 Mar 2012 05:08:26 +0000 Hi Engelo10, other than the very low purchase price, what are the positives?14% population decline in the areahigher than normal amounts of properties for salegranted 0.2% vacancy rate, but that is because there was one property for rent, 2 rental vacancies brings the vacancy rate to 1%And the only rental property up for rent has been on the…[Read more]

]]> 1c91d05f62029b46bf16ab78e7488aa2 Chris89 replied to the topic Small unit in the forum Help Needed! https://www.propertyinvesting.com/topic/4405853-small-unit/#post-4663670 Tue, 14 Feb 2012 05:54:36 +0000 Thanks Richard :)

]]> e83d902d3aca35a82595d40fa3d54271 Chris89 replied to the topic Small unit in the forum Help Needed! https://www.propertyinvesting.com/topic/4405853-small-unit/#post-4663668 Tue, 14 Feb 2012 00:58:52 +0000 Nope, they aren't serviced apartments JacM.Thanks Jamie, do you see any negatives from from this sized unit? Or anyone else for that matter :)Thanks for your responses guys!

]]> 52d41d7f0542a161008f394a29851b4e Chris89 replied to the topic Have I got this right? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405779-have-i-got-this-right/#post-4663061 Sun, 05 Feb 2012 10:34:45 +0000 Thanks Jamie, I assumed as much.

]]> 8ea631685391b26cdf18d81411ef2769 Chris89 replied to the topic Have I got this right? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405779-have-i-got-this-right/#post-4663059 Sun, 05 Feb 2012 10:26:39 +0000 so given the above example, taking the rent into account (using the ANZ calc) I would have a new wage servicable salary of 63, 652 to use for a new loan?Thanks Richard, I cut alot of corners and over simplified the scenario so I can understand how equite and rental income work with borrowing capactity.To summrise, equity is unrealised cash and…[Read more]

]]> fd3ec4f7249d64af531476b3056c5533 Chris89 replied to the topic Have I got this right? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405779-have-i-got-this-right/#post-4663057 Sun, 05 Feb 2012 10:06:28 +0000 Hi JacM, cheers for the response.Im more throwing around numbers, speaking hypothetically trying to understand how these few things work.I want to understand it as well, rather than rely on someone else to make all my decisions for me.Thanks though!Chris

]]> ef38cfb8399d2c15e5f81b9c488c7fa7 Chris89 replied to the topic Have I got this right? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405779-have-i-got-this-right/#post-4663055 Sun, 05 Feb 2012 09:43:46 +0000 Thanks for the reply Richard.I was reading a book and it said the banks will only take 80% of the equity in your property, hence the 30k equity I added onto the borrowing capacity, which as you said doesn't increase it.I guess what I was asking was after the above workings out would I be able to purchase a property of up to 312,000, assuming the…[Read more]

]]> c679b8f01b02899e4614603f39dd8f17 Chris89 replied to the topic Unit on a main road im looking at tonight - Need advise please!!!! in the forum For that I would be https://www.propertyinvesting.com/topic/4405617-unit-on-a-main-road-im-looking-at-tonight-need-advise-please/#post-4661997 Tue, 17 Jan 2012 03:55:16 +0000 For that I would be comfortable but still not 80% of the purchase price, more like 12% or so. Thanks for the advice Jamie.

]]> 61adfcb1b338e0c55b51ae70beaaf293 Chris89 replied to the topic Unit on a main road im looking at tonight - Need advise please!!!! in the forum Thanks guys, there is no https://www.propertyinvesting.com/topic/4405617-unit-on-a-main-road-im-looking-at-tonight-need-advise-please/#post-4661995 Mon, 16 Jan 2012 01:00:51 +0000 Thanks guys, there is no body corp as it is only 2 units on the block. I will look into this further :)Correct, I probably shouldn't of posted the address. With that said im not necessarily in the best posituion to invest, so im not too phased as to whether I putr an offer in or someone else purchases.I think more what I was asking is if this…[Read more]

]]> f227fb951877e3037a6607bd5fd80714 Chris89 replied to the topic Unit on a main road im looking at tonight - Need advise please!!!! in the forum It is also worth mentioning https://www.propertyinvesting.com/topic/4405617-unit-on-a-main-road-im-looking-at-tonight-need-advise-please/#post-4661990 Sun, 15 Jan 2012 07:36:08 +0000 It is also worth mentioning that the town has a bypass highway

]]> 368680fc443189a48bb7cbe93a76be46 Chris89 replied to the topic First home - PPOR vs Investment? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404889-first-home-ppor-vs-investment/#post-4656906 Thu, 06 Oct 2011 03:00:35 +0000 Thanks, shot you an email

]]> 9ce9967d2875531614568e8262a1eb90 Chris89 replied to the topic First home - PPOR vs Investment? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404889-first-home-ppor-vs-investment/#post-4656904 Thu, 06 Oct 2011 02:41:51 +0000 Thanks for that Jamie, was helpfulShape: Thanks for your insight, regarding the interest rate increases you mentioned, that would have thethe same effect whether it was an IP or PPOR. In that situation you would be better off with the IP, as it is bringing in renting, therefore making repayments easier correct?But I understand where your coming…[Read more]

]]> 71f26451a3c6dbf13a9570f88d217bbf Chris89 replied to the topic First home - PPOR vs Investment? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404889-first-home-ppor-vs-investment/#post-4656901 Tue, 04 Oct 2011 10:28:30 +0000 Interesting, thanks for the reply Michael.Im currently living in Melbourne by the way, so I have worked out that I would be paying back $384 a week with an interest of 7.1% on a loan of 280k or there abouts. Which is why I have thought of buying an IP in Tas possibly before I by a PPOR in Melbourne.I see where your going with this :) it would…[Read more]

]]> 37fc9f2cddf8609e3803ba9ba80fda8c Chris89 replied to the topic $70k to spend, buy 1 or 2 properties? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404522-70k-to-spend-buy-1-or-2-properties/#post-4654416 Thu, 25 Aug 2011 09:57:01 +0000 Hi Jamie,If you go for a higher LVR loan, say 95%, will you miss out on any type of features than an 80% LVR will give you? Such as, maybe having to have a higher interest rate, having to have a P & I etc?

]]> 7a13d13401c6deec5480ad50a019bc7d Chris89 replied to the topic What some requisites you use when buying a property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404389-what-some-requisites-you-use-when-buying-a-property/#post-4653434 Sun, 07 Aug 2011 08:50:31 +0000 Thanks for all your help guys !! Just a few more questions if thats ok?What I stated regarding finding a property that will have good future growth, is this correct? I know nothing is certain, but would what I said give a higher chance of a good capital growth over x number of years? And is there anything else that you should be looking for in…[Read more]

]]> b9cfda11c9d51d7bb5c0416bbf444b28 Chris89 replied to the topic What some requisites you use when buying a property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404389-what-some-requisites-you-use-when-buying-a-property/#post-4653430 Sat, 06 Aug 2011 06:29:54 +0000 Thanks JacM.Is as simple as checking the price of a renovated property and unrenovated property in the same location / pocket of the surburb via realestate.com.au?Chris

]]> f3727fdc7b766cfaed64aaed8f25f3fb Chris89 replied to the topic What some requisites you use when buying a property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404389-what-some-requisites-you-use-when-buying-a-property/#post-4653428 Sat, 06 Aug 2011 04:33:14 +0000 Nice one Jamie!What specific things do you look for with your strat? Do you look for slightly dated appliances / kitchen / bathroom / wall colours etc or is there a lot more to it?

]]> fcc3aa70e3b23877396b32236c3d9f14 Chris89 replied to the topic Am I able to get a loan? in the forum Finance https://www.propertyinvesting.com/topic/4404363-am-i-able-to-get-a-loan/#post-4653286 Tue, 02 Aug 2011 12:02:05 +0000 I am PAYG and have been in the same industry over the last few years. Thanks for your help Richard!

]]> 643272cf0d04716fa40f3f7743d6ace1 Chris89 replied to the topic Free Newsletters and book recommendations? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404308-free-newsletters-and-book-recommendations/#post-4652877 Thu, 28 Jul 2011 01:45:13 +0000 Thanks Jamie, I have actually had a look at your FB page and the website. Very informative information. Thanks for your help again!!  I liked your FB for you a couple of days ago as well. Congrats your the place you have just renovated, I had a look at the pics and it looks great!Chris

]]> 93fbb0eba1e0274f6f8805bf174f3d9a Chris89 replied to the topic Business issue - please help! in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404199-business-issue-please-help/#post-4651629 Tue, 19 Jul 2011 23:30:03 +0000 Yes, seperately.She wants to get out but the other partners want to stay in the business.Thanks for all your help Terry, much appreciated! I will pass the info on.Thanks again :)

]]> 7d5d3af1408fd5d0d623a48178365462 Chris89 replied to the topic Business issue - please help! in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404199-business-issue-please-help/#post-4651627 Mon, 18 Jul 2011 01:50:31 +0000 It is a split loan, the business cost 175k on total. So my family members loan is 70k and only pays interest on that amount. The security is the equite in her home. Her name is on the business loan (her70k) and the leases.Sorry Terry, im probably not giving you sufficient information. This is just my understand of what is going on.She is going to…[Read more]

]]> a8195188e669dd0d641013d92335f59a Chris89 replied to the topic Sticky situation in the forum Help Needed! https://www.propertyinvesting.com/topic/4404197-sticky-situation-2/#post-4651608 Thu, 14 Jul 2011 22:58:26 +0000 Thanks for the reply Colin. I also might add the the partners say thay "cant afford" to buy her out. Even though they have a couple of investment properties around the place and seem to have a decement amount of money.So would you suggest to get the partnership valued and try to sell the share to the other partners?

]]> 4bbba41af46da17571e6a737e2434153 Chris89 replied to the topic Business issue - please help! in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404199-business-issue-please-help/#post-4651625 Thu, 14 Jul 2011 22:47:10 +0000 They don't own the building, just the business. The lease to the storage shed and shop is another 6 years.Is the family memebers business loan able to go over onto say or home loan? If she was able to get out of the business. In other words take the loan with her and have her name taken off the leases and business. She says she doesn't mind just…[Read more]

]]> f9431754bcae927b8e04980661d515d8 Chris89 replied to the topic Business issue - please help! in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404199-business-issue-please-help/#post-4651623 Thu, 14 Jul 2011 06:10:59 +0000 It's a partnership, my family memeber owns 40% and the other two 40 and 20%It is a fruit and veg shop in a block of about 6 shops (all connected too each other) http://maps.google.com.au/maps?hl=en&q=old%20tudor%20launceston&gs_sm=e&gs_upl=63l469l0l750l4l3l0l0l0l0l0l0ll0&bav=on.2,or.r_gc.r_pw.&biw=1920&bih=849&wrapid=tlif131062340320311&um=1&ie=UTF…[Read more]

]]> b2a748228f152868b6b2257b44ac1afb Chris89 replied to the topic Sticky situation in the forum Help Needed! https://www.propertyinvesting.com/topic/4404197-sticky-situation-2/#post-4651606 Thu, 14 Jul 2011 04:48:54 +0000 The difference being the 70k is against the equity in her home. And if for any reason the the friend and husband cannot pay, she is obviously liable for rent on the place aswell as rent for the storage shed etc. Im also not sure of the exact details of the loan they have together, I know she said she has a loan of 70k, woudl they only come after…[Read more]

]]> 80207178f2e1756d4449d0aed70e3678 Chris89 replied to the topic Sticky situation in the forum Help Needed! https://www.propertyinvesting.com/topic/4404197-sticky-situation-2/#post-4651604 Thu, 14 Jul 2011 03:22:31 +0000 I know pinkboy, lesson learnt it would be safe to say.Does anyone else have advice for my family member? Is their any accountants around at the moment?

]]> 5718b060c3a72176cfe6d84231a653eb Chris89 replied to the topic Sticky situation in the forum Help Needed! https://www.propertyinvesting.com/topic/4404197-sticky-situation-2/#post-4651602 Thu, 14 Jul 2011 00:52:11 +0000 I agree bjsaust, it can easily be left out though, considering they were best friends and had been for 20 odd years.And thanks for your input.I would of thought it would be possible to just sign over my family members side in the business over to the friend and leave with the loan, or this ALOT more complex or even not possible?Does anyone have…[Read more]

]]> eab74d12d395cbdfcac44ad3634bc0ce Chris89 replied to the topic New to PI - Would love your help and expertise! in the forum Help Needed! https://www.propertyinvesting.com/topic/4404073-new-to-pi-would-love-your-help-and-expertise/page/2/#post-4650814 Fri, 01 Jul 2011 02:42:07 +0000 The library is a great idea, will have to check that out.Thanks Derek, no im not struggling :) Just no point of buying nurmerous books when I will be on one for a few weeks haha. It's just about choosing which book is going to be the most beneficial, but I will definitly have a reade of the Yardney book you suggested.Thanks though :), much appreciated.

]]> a7baa7f28c273ac667aa3162b8af3b68 Chris89 replied to the topic New to PI - Would love your help and expertise! in the forum Help Needed! https://www.propertyinvesting.com/topic/4404073-new-to-pi-would-love-your-help-and-expertise/page/2/#post-4650811 Fri, 01 Jul 2011 01:02:38 +0000 Thanks Derek, Im going to buy that book shortly. I read about the book and does sound like it will answer many ofmy questions, thanks alot!!I have also looked into a few books that you suggested Jamie. Struggling to just buy one rather than numerous you guys have suggested haha!

]]> b745a4fd7297cfeb11e0ff9fb65348ec Chris89 replied to the topic New to PI - Would love your help and expertise! in the forum Help Needed! https://www.propertyinvesting.com/topic/4404073-new-to-pi-would-love-your-help-and-expertise/#post-4650808 Wed, 29 Jun 2011 12:40:50 +0000 I assumed that :) thanks heaps mate!! You have help me very much.And yes, we should have skyped haha! Thanks for your time and reacting well to the million and one questions I put on the table :P

]]> 1c0127585f60df50e6576ec693fcd6d9 Chris89 replied to the topic New to PI - Would love your help and expertise! in the forum Help Needed! https://www.propertyinvesting.com/topic/4404073-new-to-pi-would-love-your-help-and-expertise/#post-4650806 Wed, 29 Jun 2011 12:25:16 +0000 Sorry Jamie, would you also mind answering the above question from your comment, it would give me a lot better grasp of the idea.

]]> 35aeab83f414221a45b6001cf6cb0a97 Chris89 replied to the topic New to PI - Would love your help and expertise! in the forum Help Needed! https://www.propertyinvesting.com/topic/4404073-new-to-pi-would-love-your-help-and-expertise/#post-4650804 Wed, 29 Jun 2011 12:19:27 +0000 Sorry, I have one other question to finish.Is the idea to keep the IO loan on the IP until I sell in say 20 years? Or would you change to pay it off? Or is the aim to only pay off when u sell down the track

]]> bcd48bdd71d6d1e0ca78626980d8f6a3 Chris89 replied to the topic New to PI - Would love your help and expertise! in the forum Help Needed! https://www.propertyinvesting.com/topic/4404073-new-to-pi-would-love-your-help-and-expertise/#post-4650803 Wed, 29 Jun 2011 12:14:55 +0000 Very smart man Jamie, that makes sense. Thankyou so much :)I will keep reading my books and use any resource I can and hopefully have a great understanding on everything to make the jump into the market.Thanks again :)

]]> cc9484a7ed09c0d130ee26f5c9c75529 Chris89 replied to the topic New to PI - Would love your help and expertise! in the forum Help Needed! https://www.propertyinvesting.com/topic/4404073-new-to-pi-would-love-your-help-and-expertise/#post-4650801 Wed, 29 Jun 2011 12:00:12 +0000 I would definitly be converting it to an IP, I plan to spend no more then 300k on my first property. I have a much more expensive idea for the home I would like to live in down the track.So it would be better for me, knowing I will convert to an IP to get an IO loan and pay the minimum repayments and pay into an offset account? Which I could t…[Read more]

]]> c89d1f41a27dfa894d0fbb53b15ca638 Chris89 replied to the topic New to PI - Would love your help and expertise! in the forum Help Needed! https://www.propertyinvesting.com/topic/4404073-new-to-pi-would-love-your-help-and-expertise/#post-4650799 Wed, 29 Jun 2011 11:37:11 +0000 If I had an IO, am I paying more interest then I would be on P & I?Would it be more beneficial to me to just have the 5% deposit rather than save for 10%?  is the mortgage insurance much different between the two? I guess what im asking is, is it worth saving for 10% deposit to save on mortgage insurance?This is why I said about negative gearing,…[Read more]

]]> 007efaf7383a671ce5ad4df93a4b2348 Chris89 replied to the topic New to PI - Would love your help and expertise! in the forum that is another good https://www.propertyinvesting.com/topic/4404073-new-to-pi-would-love-your-help-and-expertise/#post-4650797 Wed, 29 Jun 2011 11:20:32 +0000 that is another good idea!It seems like a double edged sword, both have their advantages and disadvantages.The only way I would see it working is to basically pay off my PPOR and then save the amount to become neutrally / positively geared when I go to buy my IP. Which would many atleast 10 years before I am able to, atleast by myself.

]]> 26d15acef5b39f876fae595147a4eebc Chris89 replied to the topic New to PI - Would love your help and expertise! in the forum Help Needed! https://www.propertyinvesting.com/topic/4404073-new-to-pi-would-love-your-help-and-expertise/#post-4650795 Wed, 29 Jun 2011 10:54:34 +0000 Heath Workman wrote:

Chris89 wrote:
From what I have read, negative gearing is the way to go, however from the posts I have read here everyone says positive gearing is better? Is there a better and worse? Would I still be able to buy as many properties with positive gearing? As it is obviously going to take a longer period of time to buy a…[Read more]

]]> 142bfab28e1377c8c4440563c4fe7ca6 Chris89 replied to the topic New to PI - Would love your help and expertise! in the forum Help Needed! https://www.propertyinvesting.com/topic/4404073-new-to-pi-would-love-your-help-and-expertise/#post-4650794 Wed, 29 Jun 2011 10:50:08 +0000 Thankyou for your time Jamie, much appreciated :). I have a few more questions if thats ok?For my first property (PPOR) would a PI or IO loan be better? Should I look to shave as much as I can off the principal before buying an investment property? Or would it be better to pay the repayments and save the rest to purchase an IP to be…[Read more]

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