PropertyInvesting.com | craigsed | Activity https://www.propertyinvesting.com/members/craigsed/activity/ Activity feed for craigsed. Mon, 13 Apr 2026 13:08:32 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 272484dd0cac3e545253c4bdf1e21745 craigsed replied to the topic PM required St Marys NSW in the forum Hi Scott, Both https://www.propertyinvesting.com/topic/4396016-pm-required-st-marys-nsw/#post-4602851 Wed, 22 Apr 2009 03:28:14 +0000 Hi Scott,Both residential.Thanks.

]]> 36c2271f82b6de77b1dc81ec7e828f67 craigsed replied to the topic RHG - exit fees $16000! HELP in the forum Help Needed! https://www.propertyinvesting.com/topic/4395673-rhg-exit-fees-16000-help/#post-4600814 Sat, 14 Mar 2009 12:06:00 +0000 Don't understand why lenders are the bad guys here?Where was the deception? Did they not advise you of the exit fees and how they are calculated? Part of the contract isn't it?Isn't the idea of locking in to a fixed rate loan that you have the benefit of pre-defined interest payments? The instituation offering you this deal also takes on some risk…[Read more]

]]> 363c55a101094dfbdb5d128229fef742 craigsed replied to the topic COCR 0.89%, can you explain in dollar terms? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4395590-cocr-0-89-can-you-explain-in-dollar-terms/#post-4600354 Thu, 12 Mar 2009 03:19:13 +0000 Hi mtime,Lets look at a couple of different scenarios to see what good COCR can look like.1. Say we buy a block of land and build a duplex on it. At the end of the project we sell the two homes. Lets say that all up purchase/development/holding costs come to $600,000, but that you borrow most of this from the bank and you only have to put $100,000…[Read more]

]]> a18732a1c32116e38888a219598746ea craigsed replied to the topic COCR 0.89%, can you explain in dollar terms? in the forum Hi mtime, I think the way to https://www.propertyinvesting.com/topic/4395590-cocr-0-89-can-you-explain-in-dollar-terms/#post-4600352 Sat, 07 Mar 2009 15:13:05 +0000 Hi mtime,I think the way to approach this is to evaluate how you are arriving at an annual return of just $809. Is this correct? Is this a profit from sale or from rental return?If this is the actual return then .89% is indeed the true return – and yes it is small because $809 annually on a $90k investment is crud!If however your MONTHLY rental r…[Read more]

]]> 655ee3fba4ad969c9a728ce4ff4e5c76 craigsed replied to the topic Help with financing a duplex in the forum Finance https://www.propertyinvesting.com/topic/4395334-help-with-financing-a-duplex/#post-4598882 Tue, 10 Feb 2009 12:19:07 +0000 Hi propertylearning,Not able to assist in answering this one for you, but would be interested to know why you think everyone would automatically strata any duplex they build?We plan on doing a duplex development in the near future, and have no intention of adding the expense of strata titling, since we intend keeping both properties and renting…[Read more]

]]> e69ad5b16fdaa9e636864202558e74c5 craigsed replied to the topic Vendor wants us to pay HER land tax in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4395350-vendor-wants-us-to-pay-her-land-tax/#post-4598996 Mon, 09 Feb 2009 07:20:05 +0000 I've had it one contract were we purchased last year and also came across it in another property we were doing due diligence on.Our solicitor advises it is now quite common, and the box may be checked by the sellors solicitor, even when they have no land tax liability.From what I remember they are looking to reclaim that percentage of the land tax…[Read more]

]]> 9ea623a874f98b8abf50d05f2f359f37 craigsed replied to the topic Has anyone made any money on the net - Google ads or selling something ? in the forum Creative Investing https://www.propertyinvesting.com/topic/4395340-has-anyone-made-any-money-on-the-net-google-ads-or-selling-something/#post-4598920 Mon, 09 Feb 2009 07:07:25 +0000 Hey freelance2020,Properties good. But so is not relying on just one thing.Think multiple streams of income. Security, diversification, wealth!I think it was a Kiyosaki book that talks about how the wealthy have multiple streams of income, so that even if one thing is not performing well for a period of time, there are other incomes still rolling…[Read more]

]]> 18bf910a05a0cda8d09b319fea87e08f craigsed replied to the topic Auction Question in the forum General Property https://www.propertyinvesting.com/topic/4395282-auction-question/#post-4598545 Sat, 31 Jan 2009 03:59:53 +0000 I think the question is, how do you physically pay a deposit on hammer fall when you do not know how much the winning bid is going to be? You can't get a blank bank cheque….. Do they take a personal cheque? Didn't think so….Thanks for the question WiNmaKlIn, it's something I have pondered on once or twice, but never sought out an answer…[Read more]

]]> 0d7632bd0e1cf70336bb0f13ef809b0c craigsed replied to the topic Bill Gates predicts 10 year recession ... in the forum Interesting to see how https://www.propertyinvesting.com/topic/4395244-bill-gates-predicts-10-year-recession/page/2/#post-4598393 Sat, 31 Jan 2009 03:55:08 +0000 Interesting to see how people think they are making rational predictions of the future based on what they 'believe'. Just look at how many times the word has been used in this topic so far.Dictionary definition of belief: 1. The mental act, condition, or habit of placing trust or confidence in another: My belief in you is as strong as ever.2. Menta…[Read more]

]]> a56b189c0040af54f8f52cafad055204 craigsed replied to the topic WARNING: Investors with property in mining areas... in the forum General Property https://www.propertyinvesting.com/topic/4395196-warning-investors-with-property-in-mining-areas/#post-4598053 Fri, 23 Jan 2009 02:42:13 +0000 Hi W4L,I would be interested in hearing a little more about your Warrawee property. More so about the thinking behind building in the current market. Are you intending to sell the properties now (at depressed prices) or do you intend holding the market starts rising again? If you are holding, are your acquisition and building costs low enough that…[Read more]

]]> 512c48e3892ed48c11a15af5f4b5682f craigsed replied to the topic Tax Variation Penalty? in the forum Finance https://www.propertyinvesting.com/topic/4395172-tax-variation-penalty/#post-4597896 Sat, 17 Jan 2009 18:59:55 +0000 Hello PropertySeeker,I can't find a reference on the ATO website for what the actual penalty might be. There are two references in the PAYG Withholding Guide that might point you in the right direction:"Your application will be processed based on the information you provide. It is your responsibility to ensure that this information is adequate to…[Read more]

]]> c8e19b7d87b0f465cc0688dd61b732e6 craigsed replied to the topic DID YOU KNOW..... in the forum General Property https://www.propertyinvesting.com/topic/4395140-did-you-know-4/#post-4597791 Sat, 17 Jan 2009 18:48:50 +0000 Hi Crashy,Have a bit more detail now to show you how this works. Below quotes from ATO website – Australia and New Zealand Treaty – key points:"Dividends, interest and royalties may generally be taxed in both countries, but there are limits on the tax that the source country may charge on dividends, interest and royalties flowing to residents of…[Read more]

]]> f9284a047b9d0b5bf072f67d2b8f4c39 craigsed replied to the topic DID YOU KNOW..... in the forum General Property https://www.propertyinvesting.com/topic/4395140-did-you-know-4/#post-4597786 Thu, 15 Jan 2009 06:07:01 +0000 Don't you have to declare all foreign-earned income in your Australian tax return?And won't that mean it will be used when calculating your taxable income?And then won't the tax you have already paid in NZ be deducted from what you owe the ATO?That's how it worked when I was trading shares in USA  – thought it would be the same for…[Read more]

]]> d932290e721f941225443ef65deaae60 craigsed replied to the topic Anyone knows about Roy Macdonald and his One Life in the forum Heads Up! https://www.propertyinvesting.com/topic/4385901-anyone-knows-about-roy-macdonald-and-his-one-life/#post-4550470 Tue, 30 Dec 2008 06:41:27 +0000 I wonder whether passion99 is one of Roy's minions……It was amazing to see how passionate the core group of helpers became towards him. They were nearly all early to mid 20's and I think very impressionable. But over the course of a couple of years involvement I realised they quickly disappeared and were replaced by other 'totally committed'…[Read more]

]]> 31e207832077d93450ea9a8763500851 craigsed replied to the topic What percentage lend can I get on a mixed use resi/comm building in the forum Finance https://www.propertyinvesting.com/topic/4394212-what-percentage-lend-can-i-get-on-a-mixed-use-resicomm-building/#post-4592781 Fri, 12 Sep 2008 15:38:51 +0000 Hi Richard,Thanks for that. Yep, one title.Craig.

]]> e4619b7e16c424724cb234d0dd095b2f craigsed replied to the topic Dodgy pyrimid scheme, Network 21 in the forum General Property https://www.propertyinvesting.com/topic/4393782-dodgy-pyrimid-scheme-network-21/#post-4590611 Wed, 23 Jul 2008 08:29:52 +0000 Hi Tysonboss1,Joining fee is not significant $100? around that – it goes to Amway – for that you get quite a bit of product for self-use (samples you might call them) plus a catalog, paperwork, some admin – not a big profit for anyone. And none of the joining fee goes to the networkers.There is money made when people buy/sell product. There is…[Read more]

]]> 811e6676423078585be0393d0339776b craigsed replied to the topic Dodgy pyrimid scheme, Network 21 in the forum General Property https://www.propertyinvesting.com/topic/4393782-dodgy-pyrimid-scheme-network-21/#post-4590606 Fri, 18 Jul 2008 12:59:39 +0000 Hi Tysonboss1,Amway is a real company, so you probably don't need the quotes…..ha haThis business supplies products, the opportunity for people is to form organisations to consume/sell the products and make money from a percentage of the sales price.There are two main arms of the Amway networking marketing business in Australia – Network 21 and…[Read more]

]]> 9610c75b1498b4fa27594cee49b21c92 craigsed replied to the topic Value Adding - Grany Flats in the forum Value Adding https://www.propertyinvesting.com/topic/4393763-value-adding-grany-flats/#post-4590447 Fri, 18 Jul 2008 12:27:02 +0000 Hey Bonds,I have been looking at quite a few properties recently, both with existing granny flats and with possible conversions. The suburbs I am looking in (western Sydney) are desperate for rentals and granny flats do very well and are easily rented. Here are a few issues for you to consider (can only speak for the Penrith council areas I am…[Read more]

]]> fca9f874d14258ffeb868537c5fa46c9 craigsed replied to the topic super fund $11k in the forum Help Needed! https://www.propertyinvesting.com/topic/4393501-super-fund-11k/#post-4588996 Mon, 16 Jun 2008 13:13:15 +0000 Yep, can confirm my SMSF is costing me around $2,000 a year in accountancy and associated running costs…….have around $150k in it, and I consider each year if it is worthwhile running as a SMSF at that size……Craig.

]]> 703418c23af5da0afcb802541342137e craigsed replied to the topic Examples of some figures for +ve Cashflow deals in the forum No Subject https://www.propertyinvesting.com/topic/4386286-examples-of-some-figures-for-ve-cashflow-deals/page/2/#post-4552166 Sun, 06 Aug 2006 11:34:16 +0000 So Dazzling,

Any tips on how you marry up a potential tenant with a piece of property? How do you find the potential tenants in the first place?

Craig.

]]> e1e91ddbcd884f1dc977fb45d4cf7aad craigsed replied to the topic LAND FANATICS! Any takers? in the forum Help Needed! https://www.propertyinvesting.com/topic/4386187-land-fanatics-any-takers/#post-4551705 Fri, 21 Jul 2006 10:33:04 +0000 Hi Hutch,

I just had a quick read of the website, and it doesn’t seem such a bad idea to me! If i had loads of cash one of the things I would be doing would be looking for opportunities to purchase large tracts of land at a wholesale price and then holding it or developing it breaking it up and selling it retail. To me it makes sense if you can…[Read more]

]]> ef46ae60fe5ba300e83b6d44e95e587b craigsed replied to the topic commercial Deal, what do you think? in the forum Help Needed! https://www.propertyinvesting.com/topic/4386145-commercial-deal-what-do-you-think/#post-4551566 Thu, 20 Jul 2006 15:46:25 +0000 Hi Mat,

Can I ask whether you have been able to get your commercial property revalued and pull some money out of the deal now that you have been able to up the yield?

Thanks,
Craig.

]]> 0069874a2e89dab46784eacc05d3659d craigsed replied to the topic Anyone heard about Quartile Property Network? in the forum Heads Up! https://www.propertyinvesting.com/topic/4386072-anyone-heard-about-quartile-property-network/#post-4551236 Wed, 12 Jul 2006 14:04:58 +0000 Hi Luke,
I purchased a property through Quartile quite a few years ago, and have sold it since. I continue to receive the Quartile email newsletter.

I found Quartile to be a honest, up front organisation. The group was started by the father, who is apparently quite well known in Sydney circles for the large property holdings he has. His son was…[Read more]

]]> b924e90e12fa2998cdd0576e8f7059f2 craigsed replied to the topic welcombe to my world in the forum No Subject https://www.propertyinvesting.com/topic/4385908-welcombe-to-my-world/#post-4550496 Tue, 04 Jul 2006 18:08:07 +0000 Hi Gross,
Thanks for the clarification. No, I think your calculator is working just fine! I just needed a few details for me to understand…..

I had figured you meant that you took out the 70% lend on the property immediately – and could not see how the deal would fund that – now you have explained that each year you take out a little more that…[Read more]

]]> 73d638763ae6807d6f30d3cf548f1616 craigsed replied to the topic welcombe to my world in the forum No Subject https://www.propertyinvesting.com/topic/4385908-welcombe-to-my-world/#post-4550494 Sun, 02 Jul 2006 05:16:49 +0000 Hi Gross,

I wanted to get some clarification from you on the deal you explained on a commercial property you picked up for $400k. On that deal if you are getting a $38k PA rental income then I guess you are approaching a 10% yield, but certainly nothing outstanding. Why was the property offered at $1m, and how is it that it has been valued at $1m…[Read more]

]]> c517ac098c42d550886750dc3c1767c3 craigsed replied to the topic Anyone knows about Roy Macdonald and his One Life in the forum Heads Up! https://www.propertyinvesting.com/topic/4385901-anyone-knows-about-roy-macdonald-and-his-one-life/#post-4550465 Sat, 24 Jun 2006 01:51:38 +0000 Hello maxolau,

I was a Roy McDonald student a few years back. The company was SMW back then. He is a very charismatic person!

My initial impression was very good and I not only did the 4 day course, but several follow-up courses. I also used his financial planning services. What I found was that there was little substance once you got past the…[Read more]

]]> c517ac098c42d550886750dc3c1767c3 craigsed replied to the topic Anyone knows about Roy Macdonald and his One Life in the forum Heads Up! https://www.propertyinvesting.com/topic/4385901-anyone-knows-about-roy-macdonald-and-his-one-life/#post-4550465 Sat, 24 Jun 2006 01:51:38 +0000 Hello maxolau,

I was a Roy McDonald student a few years back. The company was SMW back then. He is a very charismatic person!

My initial impression was very good and I not only did the 4 day course, but several follow-up courses. I also used his financial planning services. What I found was that there was little substance once you got past the…[Read more]

]]> 6ad98923b4870c15426a04ae89e1aea0 craigsed replied to the topic Moruya property - any thoughts in the forum Help Needed! https://www.propertyinvesting.com/topic/4383744-moruya-property-any-thoughts/#post-4538379 Tue, 10 Jan 2006 14:33:35 +0000 Anyone out there from the south coast of NSW? Comments? Opinion?

]]> d52512e5bab1cc5d872e1986680815d2 craigsed replied to the topic Aussie John on Sunday Show in the forum Help Needed! https://www.propertyinvesting.com/topic/4383056-aussie-john-on-sunday-show/page/2/#post-4534537 Mon, 07 Nov 2005 19:06:11 +0000 Originally posted by GPSNetwork:
What I found funny is that he says sell your investments, and also says no one buy property.. So if everyone is selling, who buys?? Where is the logic there??

I just thinks it’s just one point of view and there are alot of others..

At the end of the day, people need housing and if it means everyone is rushing to…[Read more]

]]> 37c9e40982186e465f5f81d6b7f1b431 craigsed replied to the topic Sydney Discussion Group in the forum General Property https://www.propertyinvesting.com/topic/4381164-sydney-discussion-group/page/3/#post-4522789 Fri, 19 Aug 2005 11:41:38 +0000 Hi,
I’ll be working night shift that day – may be able to come along but would need to leave early.

Craig.

]]> f79d1d8ae99bfd40cab6fd618a46f9a2 craigsed replied to the topic Having a trouble with a solicitor in the forum Help Needed! https://www.propertyinvesting.com/topic/4381351-having-a-trouble-with-a-solicitor/#post-4523924 Sun, 31 Jul 2005 00:03:30 +0000 Hi Maruco,
I’ve gone through the purchase and sale of quite few properties, and have never been charged for phone calls. It was either a pre-agreed total price, or a pre-agreed total price plus or minus incidentals (which didn’t include phone calls).

I have really only had two times when I have lacked confidence in my conveyancer – one was when I…[Read more]

]]> 24843b71d7b0814cf480e44e9202134f craigsed replied to the topic Sydney Discussion Group in the forum No Subject https://www.propertyinvesting.com/topic/4381164-sydney-discussion-group/page/2/#post-4522763 Sat, 30 Jul 2005 22:23:59 +0000 Hi All,
Thanks again to Len for organising. The venue was fine, as was location. We briefly discussed other locations, and it seemed somewhere around the area where the M5 meets King Georges Road might be a suitable compromise. Another suggestion was rotating venues, so everyone is equally disadvantaged!

Seriously though, I think all those in…[Read more]

]]> 8ec797227856d57eb5ce0c13592d2c87 craigsed replied to the topic Sydney Discussion Group in the forum General Property https://www.propertyinvesting.com/topic/4381164-sydney-discussion-group/#post-4522750 Mon, 25 Jul 2005 10:53:55 +0000 Hello All,
My wife and I are planning on coming along. We can be there at 6:30pm, but would be happy for the time to be pushed back to 7pm or 7:30pm.

Craig.

]]> a66fb193027150758a3304ccb874165e craigsed replied to the topic GST issues re rental used for business in the forum Help Needed! https://www.propertyinvesting.com/topic/4380454-gst-issues-re-rental-used-for-business/#post-4517814 Mon, 30 May 2005 18:11:33 +0000 Hi,
Quoting from ‘GST and BAS For Dummies’ by Angela Ryan : residential rents are an input taxed supply. “For residentail rents, it means that a landlord doesn’t charge GST on the rent charged, but the landlords are also not able to claim input tax credits for anything purchased in respect of the property.” Then for commercial residential…[Read more]

]]> a99e3e2bc70136bb2b9717e634c26b5b craigsed replied to the topic Gold&Silver in the forum Creative Investing https://www.propertyinvesting.com/topic/4375238-goldsilver/#post-4484921 Tue, 03 Aug 2004 18:48:51 +0000 Here’s the link
http://www.perthmint.com.au/gc/depository/depository_layout2.asp?url=6

Craig.

]]> 86cf2ab23b04664abc715bb8fefa2c3a craigsed replied to the topic someone in this forum has vending machines.. in the forum No Subject https://www.propertyinvesting.com/topic/4374555-someone-in-this-forum-has-vending-machines/#post-4479804 Thu, 24 Jun 2004 05:51:54 +0000 My wife and I have four vending machines – (snack and drink machines), but they are managed for us. Pays 20% fixed return on the base cost of the machines. Works out at about an 18% return after costs (ie initial stock, float, insurance). They take care of siting machines. And you can depreciate then over five or six years – so should be no tax…[Read more]

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