PropertyInvesting.com | craig123 | Activity https://www.propertyinvesting.com/members/craig123/activity/ Activity feed for craig123. Tue, 14 Apr 2026 23:39:05 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 97d38683ef5976a5ae30877828ab7910 craig123 started the topic Help Needed in the forum Help Needed! https://www.propertyinvesting.com/topic/5054709-help-needed-44/ Thu, 04 Jul 2019 03:04:44 +0000 Hello,
Our PPOR is essentially paid off, loan is still open however we are 85k over.

If were to purchase an investment house. We would have to pay the loan out which leaves us 85k.

We want to keep approx 50-60k cash.

We have about 80k equity also at the PPOR.

Should we use that equity towards a deposit for the investment or should we borrow…[Read more]

]]> 4f9531ff48d1b2544a50c9d3dd37d8dd craig123 replied to the topic To Sell or not sell bad investment in Inner Brisbane Suburb? in the forum Help Needed! https://www.propertyinvesting.com/topic/5022592-to-sell-or-not-sell-bad-investment-in-inner-brisbane-suburb/#post-5022664 Tue, 15 Mar 2016 02:14:11 +0000 A crystal ball is what i need..

Thanks.

]]> 24c70fdda06eba1b883bfd06f65084ae craig123 replied to the topic To Sell or not sell bad investment in Inner Brisbane Suburb? in the forum Help Needed! https://www.propertyinvesting.com/topic/5022592-to-sell-or-not-sell-bad-investment-in-inner-brisbane-suburb/#post-5022611 Mon, 14 Mar 2016 00:19:08 +0000 Yeah it close to city but with the huge amount of apartments being built there will be an oversupply for the next few years right?

The apartment is a well known complex for people who know the valley.

I dont know what info to give.

I had 30k in 2010 and i thought buying an apartment would be a good idea. Its a great location.

I would have been…[Read more]

]]> 4beb5e1e45585e5da05a8ec87554be44 craig123 started the topic To Sell or not sell bad investment in Inner Brisbane Suburb? in the forum Help Needed! https://www.propertyinvesting.com/topic/5022592-to-sell-or-not-sell-bad-investment-in-inner-brisbane-suburb/ Sun, 13 Mar 2016 09:25:06 +0000 Hi all
Need help!! Please

I bought a 1 bed, 1 bath, 1 carpark in Brisbane Fortitude Valley in 2010.
Currently it would sell for the same price i paid for it in 2010.
Should i just cut my losses and put the $$$ into my PPOR offset?
I would basically get my deposit back minus real estate fee.

I/O loan, always tenanted but a high turnover.

Thanks guys.

]]> daa5371c800cc382b4782b764a468a72 craig123 replied to the topic Need to understand, what should i do? in the forum Help Needed! https://www.propertyinvesting.com/topic/5006712-need-to-understand-what-should-i-do/#post-5006735 Wed, 29 Apr 2015 05:10:25 +0000 Last tax return it went as a loss, (just) this year may be different. I think I have paid a bit more interest than 95K actually. I have a large chunk in an offset. But this will soon be going towards buying our PPOR

I don’t know if I would be happy holding it. I get all different pieces of advice and it just puts me in a spin.

How long will this…[Read more]

]]> dc95b2608f06e869c04efec632515268 craig123 replied to the topic Need to understand, what should i do? in the forum Help Needed! https://www.propertyinvesting.com/topic/5006712-need-to-understand-what-should-i-do/#post-5006718 Wed, 29 Apr 2015 01:29:47 +0000 I bought the property at the tail end of a property boom in the area, also the house was in an older area as at the time, just around the corner a brand new estate was being established.

This older area has a slower CG than the newer area

There is good infrastructure around, train station, buses, schools, sporting fields, shopping. Easy access…[Read more]

]]> e1ff1a96aa99a35108c6af3f62a6a00d craig123 started the topic Need to understand, what should i do? in the forum Help Needed! https://www.propertyinvesting.com/topic/5006712-need-to-understand-what-should-i-do/ Wed, 29 Apr 2015 00:35:38 +0000 Hi All.

I purchased a house 10 years ago as a PPOR, then after 4 years turned it into an IP.
Purchased 10 years ago for 245K, Borrowed 205K
If sold today it would sell for about 310K.

Interest Only loan, No principle has been paid off.

I have paid about 95K interest over the 10 years.

Current rent $320 a week.

The current suburb has an…[Read more]

]]> 71b27187090323ed60dc829dff4cf181 craig123 replied to the topic Purchasing a home to live in with 2 investment properties in the forum Help Needed! https://www.propertyinvesting.com/topic/4410193-purchasing-a-home-to-live-in-with-2-investment-properties/#post-4695806 Tue, 29 Oct 2013 11:03:53 +0000 Your free advice is much appreciated. Thankyou

]]> e6de0b92bd61939c450ed37e6fe451d2 craig123 replied to the topic Purchasing a home to live in with 2 investment properties in the forum Help Needed! https://www.propertyinvesting.com/topic/4410193-purchasing-a-home-to-live-in-with-2-investment-properties/#post-4695802 Tue, 29 Oct 2013 04:44:13 +0000 Ok great, thank you very much for that confirmation.
Another question please. 

My fiancé owns a 3rd of her current PPOR with her parents, she has a 150k mortgage with an offset of 138k. She now owes 116k on the loan. Her parents do not have a mortgage on this property. The deal is that when her parents pass she will inherit 100% of the property.…[Read more]

]]> 4239a14099ea67591a1a5c64b85672c4 craig123 replied to the topic Is this normal? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408468-is-this-normal-2/#post-4684072 Wed, 16 Jan 2013 10:30:20 +0000 Any professionals able to look into my situation, i am willing to pay

thanks

]]> 1df04fb8fe30a99bddbf71e5ca7311b4 craig123 replied to the topic Is this normal? in the forum I dont think it needs https://www.propertyinvesting.com/topic/4408468-is-this-normal-2/#post-4684071 Wed, 16 Jan 2013 09:50:46 +0000 I dont think it needs anything done to it,  and i dont know if investing another 15/20k on a granny flat will be worth it

]]> 2f3089008869f3046648c161a99b02a9 craig123 replied to the topic Is this normal? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408468-is-this-normal-2/#post-4684069 Wed, 16 Jan 2013 07:39:02 +0000 The property is in Thornton NSW, 20 min drive to the coast of Newcastle, very neat smallish 3 bed brick home, carport, newish bathroom & kitchen on a 650 square block. You can walk to shops in 5 mins, walk to parks, fields etc. in 5 min, drive or ride a bike to train station in 5-10 mins. Bus stop is around the corner. Easy access to freeway. In…[Read more]

]]> 9499b1c2af429a1fe285b3ae23dc1798 craig123 replied to the topic Is this normal? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408468-is-this-normal-2/#post-4684064 Wed, 16 Jan 2013 03:07:56 +0000 Thankyou xdrew for your detailed response. I dont know the answers to these questions :(

]]> 36799fdd2db4655ccb0c00be2587fe53 craig123 replied to the topic Paying Off Investment Loans in the forum Help Needed! https://www.propertyinvesting.com/topic/4406362-paying-off-investment-loans-2/page/2/#post-4667883 Mon, 30 Apr 2012 11:40:21 +0000 Hi Terry, Yes that is the plan, just setting up the accounts is all??????????????Craig

]]> 389a5b184ebf0b4dc80305c1eb030111 craig123 replied to the topic Paying Off Investment Loans in the forum Help Needed! https://www.propertyinvesting.com/topic/4406362-paying-off-investment-loans-2/page/2/#post-4667881 Mon, 30 Apr 2012 02:38:53 +0000 Terryw wrote:
Yes. But just make sure the bank won't class it as a missed repayment and default

Terrythe bank wont allow one account to offset each loan, an offset per loan still ok?thanks

]]> 8775843c63be28183c5d5420dba4e346 craig123 replied to the topic Paying Off Investment Loans in the forum Help Needed! https://www.propertyinvesting.com/topic/4406362-paying-off-investment-loans-2/#post-4667873 Tue, 24 Apr 2012 05:37:42 +0000 Done, I have set up offsets, changed loans to interest only and ceased payments until suplus reduces, thanks for the info, I hope your rightCheers

]]> 9b8b9e2720d3b83462a99f3a16f8e31f craig123 replied to the topic Paying Off Investment Loans in the forum Help Needed! https://www.propertyinvesting.com/topic/4406362-paying-off-investment-loans-2/#post-4667871 Fri, 20 Apr 2012 05:21:48 +0000 Thanks Terry, when the offsets are open, what if I cease my payments till the surplus reduces? is that an option?

]]> f419bd058a91540774625ffc26096d41 craig123 replied to the topic Paying Off Investment Loans in the forum Help Needed! https://www.propertyinvesting.com/topic/4406362-paying-off-investment-loans-2/#post-4667869 Thu, 19 Apr 2012 05:43:06 +0000 ok, so atm I am 20K in front each on both loans, so leave this as it is and just open an offset and put my other savings in that??any idea how much damage I have done?Thankyou so much for this info, I did not know.Craig

]]> 16e6c7ad5f85fc69939caf3395f50a1a craig123 replied to the topic Paying Off Investment Loans in the forum Help Needed! https://www.propertyinvesting.com/topic/4406362-paying-off-investment-loans-2/#post-4667867 Thu, 19 Apr 2012 04:35:14 +0000 thanks all, I will open an offset account, and redraw the extra money in both loans back to the offset

]]> d572fed2191ef786ba2cb3f1e60108c9 craig123 replied to the topic Paying Off Investment Loans in the forum Help Needed! https://www.propertyinvesting.com/topic/4406362-paying-off-investment-loans-2/#post-4667863 Wed, 18 Apr 2012 08:58:31 +0000 Jamie M wrote:
Hi Craig Welcome aboard. Do you have any non-deductable debt such as personal loans, credit cards, store cards, ect? If so, it's best to knock this debt on the head first. Generally speaking, it's ideal to have tax deductible IP debt set up as interest only. You only need to have one offset set up against either of the loans -…[Read more]

]]> b0c6c8305a451d9cd4943ce23228b6df craig123 replied to the topic Paying Off Investment Loans in the forum Help Needed! https://www.propertyinvesting.com/topic/4406362-paying-off-investment-loans-2/#post-4667862 Wed, 18 Apr 2012 08:55:03 +0000 Aaron_C wrote:
Put any excess cash you have into an offset account against the loans so you don't pay down the loans but effectively reduce your interest repayments.

Thanks Aaron, could i just wack all my money straight into the loan, and redraw if i need to? same effect right??

]]>