PropertyInvesting.com | CornelBasson | Activity https://www.propertyinvesting.com/members/cornelbasson/activity/ Activity feed for CornelBasson. Mon, 13 Apr 2026 13:08:32 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 849b4160c4dd167de76b76f405e6d394 CornelBasson replied to the topic To sell or not to sell in the forum Help Needed! https://www.propertyinvesting.com/topic/4395675-to-sell-or-not-to-sell-19/#post-4600844 Fri, 13 Mar 2009 02:21:30 +0000 After doing more sums last night till midnight I think I will hold on for the time being and see what happens. Thanks for reading

]]> 74d7e303f1ae21fb95387b361fbcc419 CornelBasson replied to the topic Insurance Company for your IPs in the forum Help Needed! https://www.propertyinvesting.com/topic/4375009-insurance-company-for-your-ips/#post-4482874 Fri, 16 Jul 2004 08:54:28 +0000 I am with CGU and find them very good

]]> f4bf365ab44c5350301f7a5e213a0835 CornelBasson replied to the topic TAX what do I need to do in the forum General Property https://www.propertyinvesting.com/topic/4374561-tax-what-do-i-need-to-do/#post-4479839 Tue, 22 Jun 2004 22:50:02 +0000 I have some sort of filing system…I have a big folder with everything in regarding to the contracts and bank statements and real estate statement it’s just the receipts and stuff from when I did my renovations that I can’t find half of…will just have to keep digging away I guess

Thanks for all the input

]]> 0a82fd47024c86761c8d2a85b93721f3 CornelBasson replied to the topic TAX what do I need to do in the forum General Property https://www.propertyinvesting.com/topic/4374561-tax-what-do-i-need-to-do/#post-4479835 Mon, 21 Jun 2004 21:51:54 +0000 what if I don’t have all my receipts…my filling system is not the best and I have stuff everywhere relating to my IP. Is there stuff you can claim for where you don’t need to provide a receipts like a set amount and you can’t go higher than that unless you have receipts…..??

Thanks

]]> 383726fc628db018388c88f22dbe2878 CornelBasson replied to the topic Starting out. in the forum Help Needed! https://www.propertyinvesting.com/topic/4371837-starting-out-6/#post-4459144 Tue, 09 Mar 2004 17:04:29 +0000 Hi Blondie

I bought my first IP and I got the FHOG but only lived in the place for about 5 Months, just make sure you have bills going there and you change your license and electoral roll and you should be right.

]]> 73b85477ce93c097e5a2f936347f6f7b CornelBasson replied to the topic Investors Club in the forum No Subject https://www.propertyinvesting.com/topic/4371436-investors-club-2/#post-4455572 Mon, 23 Feb 2004 14:58:30 +0000 I would not tuch them with a 400km pole…just from the stuff I have heard and read….

]]> 423d92abea10ca2104d94b66c816a3c8 CornelBasson replied to the topic Property Seminar in Caloundra last night in the forum Heads Up! https://www.propertyinvesting.com/topic/4371319-property-seminar-in-caloundra-last-night/#post-4454826 Wed, 18 Feb 2004 01:55:24 +0000 That was the first time I went to one of his things just coz it was free…and I got a don’t sign anything hat…lol. He told some shocking stories about dodgy agents and stuff like that so I learned something there but….

]]> 7bea226935b4c9b93c5c1764cd2bebb9 CornelBasson replied to the topic Your experience please in the forum Help Needed! https://www.propertyinvesting.com/topic/4371206-your-experience-please/#post-4454170 Thu, 12 Feb 2004 22:18:00 +0000 sounds a bit suspect……I would be very careful

]]> e47232b883692ed2a0c6ae8ffb40b8a5 CornelBasson replied to the topic Paying less tax in the forum General Property https://www.propertyinvesting.com/topic/4371198-paying-less-tax/#post-4454111 Thu, 12 Feb 2004 22:14:48 +0000 so the best will prob be to just leave it as it is and get a bigger tax return…thanks for the comments

]]> 88853de4f67099688942ed8fa0c465a5 CornelBasson replied to the topic Paying less tax in the forum General Property https://www.propertyinvesting.com/topic/4371198-paying-less-tax/#post-4454103 Thu, 12 Feb 2004 03:38:27 +0000 yack I am on a pretty low income so it will prob make sence for me to get that sort of thing going for me. When you say stuff up your calculations what are you revering to there

]]> 2bb795afcc59d09f0c8895c8a06cc2e5 CornelBasson replied to the topic What can you do with $50??? in the forum Opinionated! https://www.propertyinvesting.com/topic/4371107-what-can-you-do-with-50/#post-4453561 Wed, 11 Feb 2004 23:11:29 +0000 I will prob go to the pub and buy my mates a drink and celebrate something…hopefully a new IP

]]> c3f65cfbc9b0e39f97a27e4bbd98a506 CornelBasson replied to the topic Talk about bad luck.. in the forum General Property https://www.propertyinvesting.com/topic/4370939-talk-about-bad-luck/#post-4452350 Mon, 09 Feb 2004 23:41:18 +0000 Hi NEWGEN
Stories like this makes me sick and we don’t need low life scum bags…….well you have done well in securing your first place. The hard work and stressed paid off and you will see that things can only go better from now on. Keep up the good work

Cornel

]]> 931431dfa37d97ba6281442d7b1503e0 CornelBasson replied to the topic Worst Tenant Experience in the forum General Property https://www.propertyinvesting.com/topic/4370869-worst-tenant-experience/#post-4451693 Mon, 09 Feb 2004 23:10:27 +0000 wow I have my first tenants moving in on Friday but I think my pm is pretty good…but I am very nervous now after hearing all these stories….

]]> eab1a4834bb9fd6dc4debeddf98e4577 CornelBasson replied to the topic Servicing loans/assessments in the forum No Subject https://www.propertyinvesting.com/topic/4371103-servicing-loansassessments-2/#post-4453488 Sun, 08 Feb 2004 23:59:56 +0000 Hi I have learned through my experience’s that if you don’t succeed with the banks or with a broker move on and try the next one till you are happy. I have found a really good one and he is helping me heaps :-)
Good luck with it

Cornel

]]> c3bc0a4855e735a07e9e588dc0c2feae CornelBasson replied to the topic Unconfirmed Rumor in the forum General Property https://www.propertyinvesting.com/topic/4371026-unconfirmed-rumor/#post-4452990 Thu, 05 Feb 2004 05:10:33 +0000 It’s prob not true though….but I will be keeping a close eye on that for if it does become true….just though I would see if anyone has heard anything about this or not??

]]> b2e4a249c8446e9daa6820e10bcb00e7 CornelBasson replied to the topic Deal with Dad in the forum General Property https://www.propertyinvesting.com/topic/4370875-deal-with-dad/#post-4451723 Fri, 30 Jan 2004 08:53:33 +0000 Well nothing will be coming in from the property until it’s renovated and that will take prob all year for me to do…do a bit every weekend. But I guess we will need to find out and sit down and talk to see if this will be a quick buy and fix up or buy and hold deal. Anyway….this storm we had in Brisbane was just crazy 10 Min ago…trees on road crazy

]]> 78173043309094b422ed3bd40d54008b CornelBasson replied to the topic Deal with Dad in the forum General Property https://www.propertyinvesting.com/topic/4370875-deal-with-dad/#post-4451721 Fri, 30 Jan 2004 07:42:41 +0000 Hi SIS…well dad’s got enough cash to pay for the place cash…so we can have a quick settlement and maybe get the place for a lot cheaper….that’s the plan anyway. Then I will move into the place as my house doing the renos etc then renting it out after a year or maybe sell the place for a good profit. I think we will prob want the house in…[Read more]

]]> 279adeec3345c96985aac7d12469ec87 CornelBasson replied to the topic Deal with Dad in the forum General Property https://www.propertyinvesting.com/topic/4370875-deal-with-dad/#post-4451718 Fri, 30 Jan 2004 07:29:36 +0000 Okay cool thanks SIS….does this means that we have to create a trust or not? or is all this stuff just things you fill out on the bank forms?

Cornel

]]> c243d1a27f1119e8565e509b8528c3a2 CornelBasson replied to the topic Q 4 sis in the forum General Property https://www.propertyinvesting.com/topic/4370809-q-4-sis/page/6/#post-4451135 Fri, 30 Jan 2004 07:26:45 +0000 Hi Bron

I am in Brisbane as well and I have been using a guy in the Valley for my general work tax…..now that I have a investment property I have to find a proper Investment Accountant to help me claim back as much as I can. I have learnt all sorts of this thing from this funny post, just all the things I can claim back and how people team…[Read more]

]]> 4352adf52cc0cc16c5336a6cab86b398 CornelBasson replied to the topic Q 4 sis in the forum General Property https://www.propertyinvesting.com/topic/4370809-q-4-sis/page/6/#post-4451132 Fri, 30 Jan 2004 06:09:12 +0000 I support your comments SIS, and I will be doing the same when I get more properties use the tax system to my advantage.
What a fun topic this was to read….like a bunch of kids around a ice-cream cake—-[:D][:)] no offence

]]> 115151d0fc418cbb3e11414fddcaa7aa CornelBasson replied to the topic New Year's Resolution in the forum General Property https://www.propertyinvesting.com/topic/4370683-new-years-resolution/#post-4450050 Thu, 22 Jan 2004 05:40:38 +0000 Hi Dave [:D]

Well I can tell you about my experience so far I only have 1 IP and I still live in it. I bought it in Sep last year way under market value did some renovations and nearly doubled my profit in 5 months. I am just waiting for someone to rent the place out but it’s already on the market and it’s just a matter of waiting now. It’s going…[Read more]

]]> 20312f3d8f68beb7ff229d0b552bcf1e CornelBasson replied to the topic When getting Finance in the forum General Property https://www.propertyinvesting.com/topic/4370651-when-getting-finance/#post-4449719 Wed, 21 Jan 2004 03:19:51 +0000 Mate I think they will find out anyway because off all the checks they do…these people can find anything out. And if you hide something from them and they find it out they might not give you the loan and see you as a risk…..just my thoughts

Cornel

]]> e5a8daaa9f9c34bff6dc85b59148df60 CornelBasson replied to the topic Planning my start in the forum General Property https://www.propertyinvesting.com/topic/4370612-planning-my-start/#post-4449418 Tue, 20 Jan 2004 07:22:13 +0000 Hi there….I was in your boat a couple of months ago…I wanted to buy my first house/unit. I ended up buying a unit and using my FHOG for legals and renovations. But you have to live in the place for a couple of months, you also have to make sure you change your address with department of transport and electoral roll, all your bank details…[Read more]

]]> f6ab21d0b1ebf96dc13560c8b5215283 CornelBasson replied to the topic Legality of Conditional Property Offers in the forum General Property https://www.propertyinvesting.com/topic/4370624-legality-of-conditional-property-offers/#post-4449525 Tue, 20 Jan 2004 07:02:17 +0000 Hi browna0

I agree with SIS bad idea, you will get a bad name really soon through the agents network…..if you put the effort in it will come back to you with a reward, good luck [:)]

Cornel

]]> a965cc8b489cc7083546729bb538ace2 CornelBasson replied to the topic Capital Gains Tax in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4370490-capital-gains-tax-10/#post-4448395 Thu, 15 Jan 2004 02:22:39 +0000 Hi

I want to use my equity to pay my car out and wipe a credit card…but that’s only about 13k that I will need…..so maybe I just need to take out a bit. What about refinancing my loan once the place becomes a investment property. I have a fixed rate at the moment for one year till Sep this year. Can I change the loan to a investment loan or…[Read more]

]]> e7233fac9d8adb69483e37de7dfb6ce6 CornelBasson replied to the topic First time investor needs help in the forum Help Needed! https://www.propertyinvesting.com/topic/4370417-first-time-investor-needs-help/#post-4447742 Tue, 13 Jan 2004 05:05:58 +0000 hi

The longer you wait the harder it is going to be to get into the market. I was in your situation in Sep last year and I got in just in time for the area I bought. I also had 15k deposit but by using the FOG you can borrow more or see if you can get away with out paying LMI. Anyway just my thoughts…good luck and congrats on taking the first steps [:D]

]]> a9b6546d02bf1008f257aab72ff659d3 CornelBasson replied to the topic Welcome to the new forums in the forum Opinionated! https://www.propertyinvesting.com/topic/4370360-welcome-to-the-new-forums/page/2/#post-4447252 Fri, 09 Jan 2004 05:50:37 +0000 I do like it …very cool[^][^][^][^][:o)][;)][:)][:p][^][^]

]]> e8c2e810b547a70eecbca328a8bafcbb CornelBasson replied to the topic Retirement village investing in the forum No Subject https://www.propertyinvesting.com/topic/4370338-retirement-village-investing/#post-4447117 Wed, 07 Jan 2004 08:13:26 +0000 Hi There

The banks don’t like giving loans for retirement villages it’s to big of a risk for them and they might only give you 50% if you are lucky. I am looking into something very similar at the moment and there is allot to learn about retirement village investing I figured out. Good luck

]]> e266c6044bdbb831b5282a16058ad015 CornelBasson replied to the topic Apartments vs houses in the forum General Property https://www.propertyinvesting.com/topic/4369766-apartments-vs-houses/#post-4442806 Wed, 03 Dec 2003 07:01:16 +0000 Hi

The problem I have with apartments is that if you live in it for a bit like to do renovations and stuff you can’t work late at night if you have to drill and hammer away. I lost track of time one night when I was drilling holes in my kitchen for a new unit on the wall and I drilled away into the concrete wall for about 5 Min and there was a…[Read more]

]]> 90775c658ad487eb178cf31e0c8000a1 CornelBasson replied to the topic I HAVE HIT THE WALL...I think in the forum No Subject https://www.propertyinvesting.com/topic/4369666-i-have-hit-the-wall-i-think/page/2/#post-4441608 Mon, 01 Dec 2003 00:18:40 +0000 Hi Guys…hope you all had a good weekend. Thanks for all the info and positive thinking and comments. I am going on Holidays at the end of this week so I won’t be able to do anything on my loans or unit coz I am going away to Great Keppel Island…hehehh [:D][:D]not that I want to rub it in or anything. Next year I will be back and hungry to buy the…[Read more]

]]> 132a9df575456986350313ce55677946 CornelBasson replied to the topic I HAVE HIT THE WALL...I think in the forum No Subject https://www.propertyinvesting.com/topic/4369666-i-have-hit-the-wall-i-think/#post-4441596 Fri, 28 Nov 2003 08:31:32 +0000 Thanks for all your help guys and sorry if I sound a bit short off but not really the best thing to find out on a Friday arvo after a big build up and excitement…..Will it be okay if I drop you a line Simon?

]]> 8fe6d434736ec7109839af52a48879f9 CornelBasson replied to the topic I HAVE HIT THE WALL...I think in the forum General Property https://www.propertyinvesting.com/topic/4369666-i-have-hit-the-wall-i-think/#post-4441593 Fri, 28 Nov 2003 08:21:36 +0000 but don’t they all work with the same banks and the same figures and interest rates and stuff like that….?

]]> 541d4317ecd2123ea345a10ca6be667d CornelBasson replied to the topic Wanting a new perspective in the forum General Property https://www.propertyinvesting.com/topic/4369660-wanting-a-new-perspective/#post-4441577 Fri, 28 Nov 2003 06:30:29 +0000 No I don’t know of any in Vic I am sorry. Buying interstate might not be a bad thing though. You might lose the 7 FOHG but I have heard some people say that you are better off not taking the first home owners grant and I just can’t remember what the reasons were…maybe someone can give me a hand here.
Cornel

]]> d351b5d7a1f620e1ec0bdca83a12503d CornelBasson replied to the topic Wanting a new perspective in the forum General Property https://www.propertyinvesting.com/topic/4369660-wanting-a-new-perspective/#post-4441574 Fri, 28 Nov 2003 05:35:59 +0000 Hi Minxii [:D]

I bought my first place in September with the goal to make some quick cash. I used a spotter to find the place for me and got the unit way under market value. 3 Months later my property has gone up from 112k to around the 160k mark. I am living in the unit so I got the first home owners grant and I used that for legal and some of the…[Read more]

]]> 052f62c515a310ddcabcce02f83b0442 CornelBasson replied to the topic increasing rent?? in the forum General Property https://www.propertyinvesting.com/topic/4369618-increasing-rent/#post-4441191 Thu, 27 Nov 2003 04:20:42 +0000 Yea I am pretty stocked with the results so far. That’s a pretty good profit if I wanted to sell the place now but will be a very unwise move I think. At least I know that I can use equity and use that for a deposit on the second place. Hopefully I can do my next deal early next year. It’s all very exciting for me and I learn allot and you guys…[Read more]

]]> 292554b9d8fd5e00a56f25c089a2de63 CornelBasson replied to the topic increasing rent?? in the forum General Property https://www.propertyinvesting.com/topic/4369618-increasing-rent/#post-4441189 Thu, 27 Nov 2003 04:13:04 +0000 Hi SIS……it’s to far out for people to use that goes to Uni or College…good idea though but it’s 23km out of town.
[8D]
Cornel

]]> e672bc228f884cbbd67953c64b69ebdb CornelBasson replied to the topic Young Investors - Melbourne in the forum No Subject https://www.propertyinvesting.com/topic/4369582-young-investors-melbourne/#post-4440912 Wed, 26 Nov 2003 08:56:52 +0000 I would like to be there but I am in Brisane….good idea though

]]> fb34781a7a34c3b4d14bd26144251349 CornelBasson replied to the topic QLD Conveyancing & Solicitors in the forum General Property https://www.propertyinvesting.com/topic/4369587-qld-conveyancing-solicitors/#post-4440975 Wed, 26 Nov 2003 08:54:26 +0000 Hi Team

I used ownit conveyancing in Brisbane to buy my first place and I think they did a good job for me….
good luck

]]> c8e1b72dbc0ff88bb23de521679dd09f CornelBasson replied to the topic My first property & stamp duty in the forum General Property https://www.propertyinvesting.com/topic/4369444-my-first-property-stamp-duty/#post-4439787 Tue, 18 Nov 2003 07:00:50 +0000 Hi Gengis

Congratulations on the first place.[:)][:D] I was in a similar boat 4 Months ago when I bought my first place at the age of 22. I had no idea about anything and the bank stuffed up my 7k FHOG and told me 2 hours before settlement that I had to come up with 6k for my legals and other cost. I was a very angry man. Lucky for me Dad helped me…[Read more]

]]> 14e302b14fc4276fc8d9449bf93385aa CornelBasson replied to the topic REFINANCING???? in the forum General Property https://www.propertyinvesting.com/topic/4369383-refinancing-4/#post-4439384 Mon, 17 Nov 2003 02:29:15 +0000 Hope you all had a good weekend[:)]
Well the unit was originally painted in yellow…very yuck. All the rooms are painted white now. I regrouted the tiles in the shower and around the basin it’s all nice and white now. The living room’s walls was just plain brick and they just painted over it with the yuck yellow so I plastered it all up and you…[Read more]

]]> 1b3b82fb143c3adc503b87c1e773dc36 CornelBasson replied to the topic REFINANCING???? in the forum General Property https://www.propertyinvesting.com/topic/4369383-refinancing-4/#post-4439382 Fri, 14 Nov 2003 03:50:28 +0000 Thanks I guess I will be plastering walls on Sunday to get this job done ASAP. I am just itching to get the next place….Have a great weekend…..[8D]

]]> 6575d1ce2df3768e514cb08fc7d71c62 CornelBasson replied to the topic i am new to this in the forum General Property https://www.propertyinvesting.com/topic/4369382-i-am-new-to-this/#post-4439375 Thu, 13 Nov 2003 08:10:32 +0000 Hi

I am fairly new to this as well with only one place so far. But from what I have read and studied so far is that as long as you have a good property manager you should be okay. Get things like the building reports and pest inspection…the last thing you want is to buy a place with major structural problems because this could cost you a…[Read more]

]]> a512ecefb6d14ace9bc1598ec44602ad CornelBasson replied to the topic i am new to this in the forum No Subject https://www.propertyinvesting.com/topic/4369382-i-am-new-to-this/#post-4439373 Thu, 13 Nov 2003 08:09:03 +0000 Hi

I am fairly new to this as well with only one place so far. But from what I have read and studied so far is that as long as you have a good property manager you should be okay. Get things like the building reports and pest inspection…the last thing you want is to buy a place with major structural problems because this could cost you a…[Read more]

]]> fba9b60323f5425d9c35decb594162be CornelBasson replied to the topic My first Investment in the forum General Property https://www.propertyinvesting.com/topic/4369309-my-first-investment/#post-4438848 Thu, 13 Nov 2003 04:15:57 +0000 I have one more question on my loan I have at the moment. I am paying interest only for one year so that I can do my renovations..once the place becomes a investment property what should I change it to? Also I heard that there is some sort of tax reduction form that I can get from the ATO as soon as you have a investment property so that you get…[Read more]

]]> 401cb22c4620981e261fb75be15c9e8b CornelBasson replied to the topic My first Investment in the forum General Property https://www.propertyinvesting.com/topic/4369309-my-first-investment/#post-4438845 Tue, 11 Nov 2003 14:03:33 +0000 [:)][:)]

Thanks for all the info, it’s all very new to me esp all the terminology and structuring of deals etc etc. Okay it does look like I won’t get in trouble if I move out before one year is up and rent the place out as soon as I move out. At the moment I have a friend that lives with me that pays me rent, but it’s cash in hand sort of thing…[Read more]

]]> 6ee29d4e8ce38fcfe3dd573639fc9908 CornelBasson replied to the topic My first Investment in the forum General Property https://www.propertyinvesting.com/topic/4369309-my-first-investment/#post-4438842 Mon, 10 Nov 2003 08:32:34 +0000 I have heard that there is allot of people that just take the risk and just write the 7k FOG from the start and if they get away with it then it’s a bonus. My plan is to stay in the place and serve my 1 year term and then get out…but hopefully I can pick a couple of properties up in that time and borrow against that unit…will this work?[:)]

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