PropertyInvesting.com | coolharry67 | Activity https://www.propertyinvesting.com/members/coolharry67/activity/ Activity feed for coolharry67. Fri, 17 Apr 2026 21:57:40 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 5b0d96f4969d37050d898dbc83e821ac coolharry67 replied to the topic new layout in the forum Site Problems / Feedback https://www.propertyinvesting.com/topic/4740057-new-layout-2/page/2/#post-4852402 Fri, 11 Apr 2014 23:23:59 +0000 hi Steve
I think it will be unfair to terminate someone’s ac for their negative views, we as users need to know both sides of the stories, when a forum member asks a question the replies are generally from people who are business owners and although they may provide the right advice it still is a business and everyone needs to ask if the answers…[Read more]

]]> e02cd24af2562b70b0a9b0504777bf55 coolharry67 replied to the topic Buying higher or lower priced properties? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410785-buying-higher-or-lower-priced-properties/#post-4699754 Thu, 06 Mar 2014 21:52:14 +0000 Is it better to invest in higher-valued or lower-valued properties, if you had the same money to invest?

for me these are both the same- reason being the value is the same- price is different- just to elaborate if you buy a 250k worth of property at 260k then that was not cheap- you overpaid and therefore this was an expensive property. at the…[Read more]

]]> b23138f798af6e16c6f2703cb6ed2182 coolharry67 replied to the topic Experience with ABC in the forum General Property https://www.propertyinvesting.com/topic/4410766-experience-with-abc/#post-4699617 Fri, 28 Feb 2014 07:12:47 +0000 even if your father was tricked to buy a comm property under the disguise of resi property the bank would have known from the contracts so best to aks the bank to clarify this

]]> 9e179161e9a6ef3bd82f7f36a2ed1ecf coolharry67 replied to the topic Experience with ABC in the forum General Property https://www.propertyinvesting.com/topic/4410766-experience-with-abc/#post-4699615 Thu, 27 Feb 2014 22:21:04 +0000 this does not sound right- how can a residential apartment become a commercial property without notification to your dad and the bank, you may want to consult with a solicitor before making any decisions as my understanding is the banks check and value the property before giving a loan and they would have seen the zoning ( resi or commercial) at…[Read more]

]]> 8fb3fea0c11789891236d38f9df4d853 coolharry67 replied to the topic HSBC news of collapse in the forum General Property https://www.propertyinvesting.com/topic/4410619-hsbc-news-of-collapse/#post-4698924 Mon, 10 Feb 2014 04:00:03 +0000 WOW Fascinating info- thats why cba share price keeps going up but their price to book ratio is 2.6 times? now i know how they achieve that. so this tells me that the aussie big banks that are considered by many as "Too Big to fail"  is like saying "Too fat to Die". thanks Freckle for that info

]]> 374ef6ed29efb972a6a4e8693ae08447 coolharry67 replied to the topic HSBC news of collapse in the forum General Property https://www.propertyinvesting.com/topic/4410619-hsbc-news-of-collapse/#post-4698921 Sun, 09 Feb 2014 22:51:23 +0000 hi JACM i am not worried about the deposit or savings ac etc- it is more like HSBC is such a giant that if they collapse they will take a lot of countries and banks down with them triggering something massive like a GFC- i am wondering how that will affect our aussie banks which are considered so safe?  or may be it could be nothing and i am just…[Read more]

]]> ed89e00f18254e4cc2f3ec3bcdfa0c71 coolharry67 replied to the topic depreciation question in the forum General Property https://www.propertyinvesting.com/topic/4410390-depreciation-question-2/#post-4697153 Tue, 10 Dec 2013 22:22:56 +0000 hi Jacqui that makes sense, i am wondering why my accountant says it will put me into the higher bracket, i will try and clarify this with him

]]> 78f7b174a9e65f9f6af563095e546cf9 coolharry67 replied to the topic depreciation question in the forum General Property https://www.propertyinvesting.com/topic/4410390-depreciation-question-2/#post-4697147 Mon, 09 Dec 2013 20:21:53 +0000 hi all thanks for the replies,i will confirm withh the accountant again but i am pretty sure what he said was that iam in the 30% tax bracket and if i claim deprecitaion i will be into the 46% bracket and have to pay more tax.

]]> 2d5dee0c07cd70e906a0fd20f06ff294 coolharry67 replied to the topic OTP Contracts in the forum Help Needed! https://www.propertyinvesting.com/topic/4409564-otp-contracts/#post-4692381 Mon, 17 Jun 2013 04:28:11 +0000 generally speaking the vendor will allow only 14 days for finance clause for OTP, the settlement will be 1-2 years away which means you will be going unconditional after these 14 days, the banks may not approve your loan after 1-2 years if your circumstances change and you may loose your deposit.

]]> f5f5cf1f8d51d9aa524682f5cc7b146f coolharry67 replied to the topic Economic Crisis Ahead, the golden truth! in the forum General Property https://www.propertyinvesting.com/topic/4409421-economic-crisis-ahead-the-golden-truth/#post-4691239 Wed, 29 May 2013 23:53:15 +0000 hi Xdrew very interesting view- a good read. on the subject of Diamonds i happened too read this sometime ago and i think it is a interesting theory on diamonds.   http://au.businessinsider.com/why-diamonds-are-a-sham-2013-3http://au.businessinsider.com/why-diamonds-are-a-sham-2013-3

]]> ad8dc5dbccfaf0c7b2167c9cd45e34b8 coolharry67 replied to the topic 3 unit development in Epping VIC in the forum Value Adding https://www.propertyinvesting.com/topic/4409043-3-unit-development-in-epping-vic/page/2/#post-4688852 Tue, 16 Apr 2013 04:08:26 +0000 ok cool that makes sense. also Oscar just to get a very rough idea- what would this sort of construction cost if i was to get a builder to do it – just the cost of building i mean ( not planning to do it just yet but curious to know)

]]> 7910f84771eac903548177088b7b60b4 coolharry67 replied to the topic 3 unit development in Epping VIC in the forum Value Adding https://www.propertyinvesting.com/topic/4409043-3-unit-development-in-epping-vic/#post-4688850 Tue, 16 Apr 2013 03:45:14 +0000 hi Oscar the project looks great, could you please confrm if you did residential or commercial loan and which lender, also which builder as the price looks quite reasonable for 3 units. thanks

]]> 7ea54848d301e324bccdb7dd9f03a05d coolharry67 replied to the topic converting residential into commercial in the forum Commercial Property https://www.propertyinvesting.com/topic/4404717-converting-residential-into-commercial/#post-4655899 Thu, 15 Sep 2011 07:26:12 +0000 that explains it thanks melanie

]]> 12c2622ca65af7cba06969b3d1197082 coolharry67 replied to the topic converting residential into commercial in the forum Commercial Property https://www.propertyinvesting.com/topic/4404717-converting-residential-into-commercial/#post-4655897 Thu, 15 Sep 2011 05:36:47 +0000 cool thanks

]]> d544f022dade9fec2887e966d8f9c5ed coolharry67 replied to the topic Best wealth creation books? in the forum Help Needed! https://www.propertyinvesting.com/topic/4398697-best-wealth-creation-books/#post-4616638 Thu, 15 Sep 2011 02:33:42 +0000 money secrets of the rich by john burley- loved it

]]> 0aa769520110e0207aae7cc7fd9e082e coolharry67 replied to the topic 457 Business Visa & IP options in the forum Help Needed! https://www.propertyinvesting.com/topic/4404088-457-business-visa-ip-options/#post-4650907 Fri, 01 Jul 2011 03:43:03 +0000 hi mikei know someone who is on a similar visa and has got a loan for his home. so i think it is possible, i will ask him and confirmregards

]]> 1c1486c6eebd2d32c09e84a93c128971 coolharry67 replied to the topic Best way to clear PPOR debt in the forum Help Needed! https://www.propertyinvesting.com/topic/4403812-best-way-to-clear-ppor-debt/#post-4649025 Sat, 04 Jun 2011 01:19:07 +0000 Terryw wrote:
That's an idea. Sell the PPOR CGT free and move into one of the investments.Also, considering the other properties were inherited there are CGT concessions which should be looked into.

hi terryif he moves into an ip with no loan, and rents out the ppor with loan, will that loan be deductible debtthanks

]]> 4cbc17d31f19e9ed9e9f8c6df97c5ce4 coolharry67 replied to the topic Mum's PPOR: Sell or Rent? in the forum hi haratio,your mum also https://www.propertyinvesting.com/topic/4403180-mums-ppor-sell-or-rent/#post-4644402 Tue, 29 Mar 2011 05:59:17 +0000 hi haratio,your mum also needs to consider the pension income which may be affected by centrelinks income test and asset test,

]]> 1c831ff341d9bf9bf726e3df1c890801 coolharry67 replied to the topic Australian Credit Licence Training for Vendor Financiers in the forum Heads Up! https://www.propertyinvesting.com/topic/4401240-australian-credit-licence-training-for-vendor-financiers/#post-4632090 Thu, 30 Sep 2010 01:20:12 +0000 PaulDobson wrote:
HiThe following could be ruled as an ad.  If it is, so be it but I know there are a lot of Vendor Financiers out there worried about the requirement to get an Australian Credit Licence (ACL).Vendor Finance Institute Pty Ltd is about to commence a series of Vendor Finance ACL courses in Sydney, Melbourne, Perth and Bris…[Read more]

]]> 105e3bff92e70de20bcbe902460aa08b coolharry67 replied to the topic Any property left for average-wage earners? in the forum General Property https://www.propertyinvesting.com/topic/4401207-any-property-left-for-average-wage-earners/#post-4631942 Tue, 28 Sep 2010 06:42:58 +0000 about offset accounts, most of these will have a monthly fee  anywhere from $8-$15 .  so it may be necessary to have a minimun of $3000 upwards at all times to make the interest offset larger than the fees.  

]]> d78c5fde835f5bbd9c779518bbfe3b4f coolharry67 replied to the topic question about getting started in the forum Help Needed! https://www.propertyinvesting.com/topic/4400543-question-about-getting-started/#post-4627994 Thu, 23 Sep 2010 22:58:49 +0000 Hi Shaun you are also going to need a good mortgage broker who understands property investment to help you sort out your finances.

]]> 4339ae77c49f776f7aa5939d598b986a coolharry67 replied to the topic How to use equity from my house to by first investment property in the forum some banks will allow you https://www.propertyinvesting.com/topic/4401144-how-to-use-equity-from-my-house-to-by-first-investment-property/#post-4631555 Fri, 10 Sep 2010 03:16:44 +0000 some banks will allow you upto 95%

]]> 798d0fa215213e5de3038040d56fdbc0 coolharry67 replied to the topic Whose name should IP go in? Just mine or joint names.... HELP PLEASE! in the forum Finance https://www.propertyinvesting.com/topic/4400132-whose-name-should-ip-go-in-just-mine-or-joint-names-help-please/#post-4625467 Mon, 07 Jun 2010 01:49:42 +0000 Thanks Richard for that infocheers harry

]]> e01a2c8fc2d48b126c2b9a4be8b69c7f coolharry67 replied to the topic Whose name should IP go in? Just mine or joint names.... HELP PLEASE! in the forum Finance https://www.propertyinvesting.com/topic/4400132-whose-name-should-ip-go-in-just-mine-or-joint-names-help-please/#post-4625464 Thu, 03 Jun 2010 23:02:42 +0000 Hi Jess ,I dont know much about tax implications but if the 2nd IP is financed using both you and your husbands income for loan serviceability the banks would require joint title. any of the more experienced investors out there please feel to correct me if i am wrong..Cheers

]]> 4288c89942724cf6128aea4cec9d1c50 coolharry67 replied to the topic advice needed with bank fees in the forum advice needed with bank fees https://www.propertyinvesting.com/topic/4399257-advice-needed-with-bank-fees/#post-4620239 Sat, 27 Mar 2010 00:50:36 +0000 thank you all for your replies. i greatly appreciate it.harry

]]> 003757124647aa34df44c4e7d7bf339d coolharry67 replied to the topic putting an offer to buy in the forum Help Needed! https://www.propertyinvesting.com/topic/4397796-putting-an-offer-to-buy/#post-4611435 Fri, 13 Nov 2009 03:22:31 +0000 hi allsorry i forgot mention the property is in Vic. melbourne.what i understand from the above comments is that the buyer uses the contract prepared by the vendor but  buyer  writes the conditions like finance, building and pest, date of offer lapse etc etc  and then hopes the vendor accepts it? the estate agents we dealt with were quite ad…[Read more]

]]> afa9cacf307f55c8d3909f7521fd28ce coolharry67 replied to the topic frustrating delays in the forum Help Needed! https://www.propertyinvesting.com/topic/4397721-frustrating-delays/#post-4611182 Fri, 06 Nov 2009 05:57:20 +0000 hi terry, i realised that i should never trust a estate agent. i was trying to be pretty careful but the agent somehow manipulated us into writing the contract and made mistakes?? well its a lesson learnt for me. any ways good news is i just recieved the approval and iam a bit relieved."You will need to get an extension. whatever you do don't…[Read more]

]]> 5e768f70aef1fb5147e4807beb5a8f1d coolharry67 replied to the topic help with land measurement and insurance in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4397512-help-with-land-measurement-and-insurance/#post-4610259 Thu, 15 Oct 2009 05:12:53 +0000 hi all, i have spoken to consumer affairs vic and they advised to get insurance just to protect myself. so i Did.but the question of land measurement remains?any suggestions?thanks harry

]]> 7795b2eab720c26dc72f45de5ae5bb79 coolharry67 replied to the topic FREE Residex Property Reports for VICTORIAN, TASMANIAN, and SOUTH AUSTRALIAN properties - Investment or Owner Occupied in the forum Value Adding https://www.propertyinvesting.com/topic/4396010-free-residex-property-reports-for-victorian-tasmanian-and-south-australian-properties-investment-or-owner-occupied/page/9/#post-4602663 Thu, 15 Oct 2009 05:03:20 +0000 hi Mikei just recieved the report, thank you very much appreciate your helpharry

]]> a392a8876c555b7a7c35e2e362f0ce85 coolharry67 replied to the topic help with land measurement and insurance in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4397512-help-with-land-measurement-and-insurance/#post-4610258 Wed, 14 Oct 2009 08:50:52 +0000 sorry i forgot to mention, the house is in victoria. i just spoke to the conveyancer and she says 1) i need to have insurance just in case the house gets damaged before settlement and if the vendor didnt have insurance ,i will still have to go ahead with the purchase and will end up with the damaged house?2) i need to measure the land just to be…[Read more]

]]> e27cffd0eefc97c04351e6dc07d4414a coolharry67 replied to the topic FREE Residex Report Australia wide in the forum General Property https://www.propertyinvesting.com/topic/4396942-free-residex-report-australia-wide/page/3/#post-4607660 Thu, 10 Sep 2009 23:43:08 +0000 hi richard, thank you for your last report it was quite useful( i didnt buy the property coz it was not worth the asking price) iam considering this property 25 barrot avenue hoppers crossing victoria. would you be able to run a residex report for me please, i really appreciate your time and patience .my email is coolharry67@yahoo.com.thanks…[Read more]

]]> 93a677a5cd4fc7e8343dcb9e5639052f coolharry67 replied to the topic FREE Residex Report Australia wide in the forum General Property https://www.propertyinvesting.com/topic/4396942-free-residex-report-australia-wide/page/3/#post-4607646 Wed, 26 Aug 2009 04:04:59 +0000 hi richard ,would you please send me a report for 16 beverley street  st Albans  vic 3021. really appreciate your time and effortthanks my email is coolharry67@yahoo.com

]]> ebbd8c4daf8c5fc0b044aaadbeee1f2b coolharry67 replied to the topic pls advice on FHOG in the forum Help Needed! https://www.propertyinvesting.com/topic/4394791-pls-advice-on-fhog/#post-4595928 Mon, 24 Nov 2008 21:49:52 +0000 sorry i forgot to mention iam in VIC but iam guessing it doesnot make any difference  but unsure

]]> 2c3d50fe1b955e93b6a024bec497db09 coolharry67 replied to the topic Where do I start? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394721-where-do-i-start-8/#post-4595621 Sun, 16 Nov 2008 22:49:16 +0000 hi ducksterthanks for the advice harry

]]> eb5d61cc2888a9df2d9bc68bf616e9ac coolharry67 replied to the topic Where do I start? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394721-where-do-i-start-8/#post-4595619 Fri, 14 Nov 2008 06:19:39 +0000 hi steve can you please elaborate  what are the end sales costs other than the actual property price?thank you harry

]]> d86bee960ec365a8cc6fa71dec80f181 coolharry67 replied to the topic Buying Capital Growth Properties in the forum Help Needed! https://www.propertyinvesting.com/topic/4394645-buying-capital-growth-properties/#post-4595196 Thu, 13 Nov 2008 07:04:56 +0000 hello Event Horizon,could you please clarify what exactly is –land size and value is important? what means land size should be 50% to 100% of property value ?thank you for your time and patienceharry

]]> a6f9d8bdc8c635a9c9159bc146516e0f coolharry67 replied to the topic starting to learn pls help with numbers in the forum Help Needed! https://www.propertyinvesting.com/topic/4394703-starting-to-learn-pls-help-with-numbers/#post-4595537 Tue, 11 Nov 2008 01:34:20 +0000 hi Lancei now understand more clearly .The information you gave me is  priceless  . i feel more confident now and will start to think in the right direction ie positive gearing.  i know i have a long way to go but i think it is time i started something..thank you very much for your time and patience.Harry

]]> 00653a0735695cba6c8fbc0393179057 coolharry67 replied to the topic starting to learn pls help with numbers in the forum Help Needed! https://www.propertyinvesting.com/topic/4394703-starting-to-learn-pls-help-with-numbers/#post-4595534 Mon, 10 Nov 2008 12:17:31 +0000 hi Lance just one more questionfor a investment property to be considered good what should be the minimum ROI percentage.i worked out an example for a property costing 95000. with a cash deposit of 20000. rental return of 4640 per year.the COCR came to be 23 % and ROi came to be 4.88%( i havent calculated other costs for this example ) but is 4.48…[Read more]

]]> 7860c34feacae2c31fb31d83abb8c88d coolharry67 replied to the topic starting to learn pls help with numbers in the forum Help Needed! https://www.propertyinvesting.com/topic/4394703-starting-to-learn-pls-help-with-numbers/#post-4595533 Mon, 10 Nov 2008 11:43:09 +0000 hi Lancethat was very helpful,thank you very much.harry

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