PropertyInvesting.com | cruiser | Activity https://www.propertyinvesting.com/members/cruiser/activity/ Activity feed for cruiser. Sat, 11 Apr 2026 23:19:27 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 5d8f88086bf9ab91945946cef4bb6ca4 cruiser replied to the topic Buying Agent? in the forum General Property https://www.propertyinvesting.com/topic/4386443-buying-agent/#post-4552776 Mon, 28 Aug 2006 09:46:49 +0000 Yep, I have a horror story…NZ Bird Dogs just sold me a lemon! Barb Griffin, aka Mini Mogul, found a duplex in NZ that looked great in the pics…only her people on the ground had failed to do a proper inspection and discover (or if they did they didn’t tell me) the downpipes stuffed full of congealed leaves; the carpets crawling with bugs eating…[Read more]

]]> 012a28e8ba5c2a651ee072069c9b252f cruiser replied to the topic Discussions concerning Jenman in the forum Heads Up! https://www.propertyinvesting.com/topic/4380734-discussions-concerning-jenman/page/2/#post-4519911 Sun, 16 Oct 2005 20:14:37 +0000 I agree with Kay and some others. Jenman’s commentaries are very entertaining and right on the money! What I think particularly hilarious is that the post which kicked off this thread, although ostensibly written as a high moral ground post, actually commits the very sin that it rails against:
“In short, while Neil sees fit to unfairly attack…[Read more]

]]> 95a88e7aa0baf2ce6d019eae071d0a85 cruiser replied to the topic Moranbah - Qld Mining Town in the forum Help Needed! https://www.propertyinvesting.com/topic/4382721-moranbah-qld-mining-town/#post-4532724 Sun, 16 Oct 2005 19:20:11 +0000 Hi Cazz,
I know what you mean about the risks of mining towns, but Mt Isa is still booming, with yields of over 9%, and it really depends how long the life of the mine is. I know a lot of Ed Burton and other investors bought into Moranbah three or four years ago and doubled their capital investment within a year or so. If the yield is still good…[Read more]

]]> ec99b4b012aed99bbd9b4cd3507030b9 cruiser replied to the topic What would you do with $250K?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4382590-what-would-you-do-with-250k/#post-4531912 Fri, 07 Oct 2005 20:45:02 +0000 Hellman, where do you suggest Chevy invest the money to get 12%? That’s quite a return.

]]> cd25cd68debf43d9d8c69a460ce55227 cruiser replied to the topic Any experience with St George Profesional Package? in the forum Finance https://www.propertyinvesting.com/topic/4382417-any-experience-with-st-george-profesional-package/#post-4530919 Tue, 27 Sep 2005 10:24:17 +0000 Commonwealth Bank and AMP offer 0.5% off the SVR i.e. 6.82%, both also offer a one year introductory 6.19% rate, after which you can switch to the 6.82%. With Commonwealth you have to qualify for their wealth package which costs $300 a year, AMP says they’re currently waiving all annual and monthly fees related to the profl package.

I think a lot…[Read more]

]]> 682c112dd7afbc6c364dfa69a530751c cruiser replied to the topic CGT - when does 12 months start and end? in the forum No Subject https://www.propertyinvesting.com/topic/4380849-cgt-when-does-12-months-start-and-end/#post-4520579 Tue, 21 Jun 2005 01:26:12 +0000 Thank you muchly.
Regards
Cruiser

]]> 0d3d6a3d874011867c1354be81ff6f38 cruiser replied to the topic CGT - when does 12 months start and end? in the forum Help Needed! https://www.propertyinvesting.com/topic/4380849-cgt-when-does-12-months-start-and-end/#post-4520577 Tue, 21 Jun 2005 01:04:22 +0000 Thanks Benson.
You mean, I signed the contract to buy in July 04 so as long as I don’t sign a contract to sell until July 05, then I get the concession?

]]> 405c1ef1d05eba121b684513d82fec01 cruiser replied to the topic Disgruntled wrappee in the forum Creative Investing https://www.propertyinvesting.com/topic/4380557-disgruntled-wrappee/#post-4518602 Wed, 15 Jun 2005 00:37:30 +0000 OK, I stand corrected, but I’m surprised. Seems a bit harsh to lose everything you’ve put in.
Cheers
Cruiser

]]> 264673ae553f035b5173b5d52cc578f0 cruiser replied to the topic Disgruntled wrappee in the forum Creative Investing https://www.propertyinvesting.com/topic/4380557-disgruntled-wrappee/#post-4518600 Tue, 14 Jun 2005 08:15:33 +0000 I agree with Robert and disagree with Qlds007. There would be a caveatable interest under equitable principles. He would be able to get back what he has put in.

]]> 52ba5eae3512c06f74ff28a07653d562 cruiser replied to the topic Review of Ed Burton in the forum Opinionated! https://www.propertyinvesting.com/topic/4369236-review-of-ed-burton/#post-4438081 Mon, 13 Jun 2005 21:17:13 +0000 Hi Gold Coast girl and others,
I recently cancelled my Gold membership too, and since this thread has resurfaced, I thought I’d share the reasons why.
After getting promotional material from Ed last year, I decided to go to the seminar because, despite the hype, he said he had 25 yrs experience as an accountant, and some serious qualifications.…[Read more]

]]> b7468d854aa1d98bdff5d97b27b8d711 cruiser replied to the topic The Bank won't lend on my Terms in the forum Finance https://www.propertyinvesting.com/topic/4379583-the-bank-wont-lend-on-my-terms/#post-4511853 Fri, 29 Apr 2005 09:42:29 +0000 A bank can discriminate on any grounds it likes, except those existing in the anti discrimination acts. those grounds include age. the bank will tell the bfso they are discriminating on teh basis of ability to repay. You can still try a complaint to the BFSO but I don’t think you’d get far.
Banks get it from the other side, people like me…[Read more]

]]> 6c4f272a8f331a2d182b940ac342fcd7 cruiser replied to the topic Any investors in Coffs? in the forum Heads Up! https://www.propertyinvesting.com/topic/4379852-any-investors-in-coffs/#post-4513194 Tue, 26 Apr 2005 08:25:15 +0000 Me too, David. I also know some other people in Coffs who would be interested.
Cheers

]]> 3add053a985fa6207261a37b411d1fe4 cruiser replied to the topic Hans Jakobi ip course in the forum Heads Up! https://www.propertyinvesting.com/topic/4378845-hans-jakobi-ip-course/#post-4507251 Tue, 22 Feb 2005 07:22:36 +0000 Terry,
are you saying that because you presume so, or do you have Jakobi’s stuff?
Cruiser

]]> 4c2395615cf16ba9d41b81a8ad32ee06 cruiser replied to the topic Investing in the Isa in the forum Help Needed! https://www.propertyinvesting.com/topic/4378833-investing-in-the-isa/#post-4507172 Tue, 22 Feb 2005 07:20:31 +0000 Hi Jaco
I have an IP in the Isa. You can find heaps of IPs there on realestate.com.au. Am happy to share info with you if you want to email me.
Cruiser

]]> 2b4800630128d7bdb9104ea2f2740787 cruiser replied to the topic Last minute requisitions - what would you do? in the forum No Subject https://www.propertyinvesting.com/topic/4378331-last-minute-requisitions-what-would-you-do/#post-4504227 Tue, 22 Feb 2005 06:59:24 +0000 Yes, I’ve seen the property. What happened, the vendor agreed to reduce the price to $190,000 as long as I accept responsibility for outstanding requisitions.
regards
Cruiser

]]> ee8f8bcf28d6db39deea9217cd3c8a65 cruiser replied to the topic The 2005 Spruiking Season in the forum Heads Up! https://www.propertyinvesting.com/topic/4378717-the-2005-spruiking-season/#post-4506376 Sat, 19 Feb 2005 11:32:24 +0000 I think all you guys are far too harsh on Jenman! All he is doing is drawing attention to the times where Steve has sailed close to the wind – and been called to account. That is surely a good thing. Wrapping can indeed be a bad thing for some people. And if gurus are being misleading in their claims, they need to be reined back in.
Even if it’s…[Read more]

]]> f9ca69ca5bd03cd0fe0de245a182f7cc cruiser replied to the topic Bank from hell ..which bank???? in the forum General Property https://www.propertyinvesting.com/topic/4378735-bank-from-hell-which-bank/#post-4506569 Wed, 16 Feb 2005 23:19:31 +0000 Hi Jenny. Sounds like just a few minor hitches there. Yes, I have a real horror story, involving using a buyers agent who didn’t do her job properly, bought IP 3 flats remote Qld town, building reports OK, have subsequently spent thousands of dollars on doing needed repairs; plus, one tenant broke her lease early and put in replacement tenants…[Read more]

]]> 0931dd447e2204e4e225e773da489445 cruiser replied to the topic What areas still offer the 10.4% - in the east? in the forum No Subject https://www.propertyinvesting.com/topic/4378489-what-areas-still-offer-the-10-4-in-the-east/#post-4505143 Tue, 08 Feb 2005 12:24:07 +0000 Tony,
Just explain the last part? – “that $150k property will create $253k equity”?

]]> 3434d332a388b4731b66e566e8ae7cd6 cruiser replied to the topic Property software in the forum No Subject https://www.propertyinvesting.com/topic/4378397-property-software-3/#post-4504544 Mon, 31 Jan 2005 12:39:06 +0000 I find the PIA is largely a waste of money, it’s just rubbery figures. The calculation formulaes in Margaret Lomas’s book are much more helpful. She also has free calculation software you can download if you buy her books.

]]> 51a2d00ca2db981a874aadbbfc8a04d1 cruiser replied to the topic Trusts in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4378291-trusts-8/#post-4504064 Mon, 31 Jan 2005 08:09:54 +0000 Thanks, Terry & GP

Cruiser

]]> ff433e52b775055972cd49c66edf552e cruiser replied to the topic Mistake, misled or deceived ? in the forum General Property https://www.propertyinvesting.com/topic/4377714-mistake-misled-or-deceived/#post-4500366 Sat, 29 Jan 2005 22:07:17 +0000 Yes, although you would have to have already suffered some loss in order to sue using those sections of the TPA. i.e. you bought, and then discovered the house was different in a way that made it of less value than you bought at, so you sue for the difference.
Such activity would also be a breach of misleading and deceptive prohibitions under the…[Read more]

]]> 59400b32183d7d60c513410bcd467119 cruiser replied to the topic House prices rising? in the forum General Property https://www.propertyinvesting.com/topic/4378347-house-prices-rising/#post-4504300 Sat, 29 Jan 2005 07:23:41 +0000 Shellby, apparently John Edwards (Residex) has been saying that certain areas in Sydney will have a mini boom this year. Suppose it depends which areas.
From posts on this forum, it looks like prices in certain places in WA are fast on the rise.
I suspect moderate rises will happen in regional towns.

]]> 0a4774edf59ae20eb5bee67e39673667 cruiser replied to the topic Next Boom Area - WA in the forum Help Needed! https://www.propertyinvesting.com/topic/4378343-next-boom-area-wa/#post-4504281 Sat, 29 Jan 2005 07:17:14 +0000 Hi Marisa,
This is interesting. You mean $250k for a house and land package? Or just the land? Or with an existing house?
Scuse my ignorance – where is Byford?

]]> 3e295ee5b1b3f05a169fdf042836588e cruiser replied to the topic Last minute requisitions - what would you do? in the forum No Subject https://www.propertyinvesting.com/topic/4378331-last-minute-requisitions-what-would-you-do/#post-4504225 Sat, 29 Jan 2005 07:11:33 +0000 Hi guys,
thanks for your thoughts. Simon, that’s a good point. I was assuming that I don’t have to settle unless everything has approval and all requisitions are satisfied, but now that you mention it I am not so sure. Will check contract on Monday (it’s at work), and ask the sol.
Well, I didn’t hear back from the vendor yet so I guess I will have…[Read more]

]]> 48c2a99eaa722bbabe55b9ae84b31797 cruiser replied to the topic Trusts in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4378291-trusts-8/#post-4504061 Fri, 28 Jan 2005 08:01:03 +0000 GP,
I think Terry was talking about the discretionary trust in the second quote of his in your post. Yes, losses can be carried forward, but that doesn’t help me with affordability in the meantime.

Terry, with hybrid trusts, if I am the borrower, then I/my assets are vulnerable in an asset protection sense? This was why I was advised to go the…[Read more]

]]> 3319754f1720e20d2d66f1a9f68b9428 cruiser replied to the topic Who Needs a Property Manager Anyway??? in the forum General Property https://www.propertyinvesting.com/topic/4378090-who-needs-a-property-manager-anyway/#post-4502697 Thu, 27 Jan 2005 11:54:45 +0000 I think a bit of both is the best way. Get a PM – but monitor them. Know the law. Write breach notices yourself when you know tenants are behind.
PMs often don’t understand the relevant legislation at all. They also often don’t do even the minimum inspections they’re supposed to, as Dazzling has recounted. I recently met a woman in exactly the…[Read more]

]]> 13f231dfde353d4ed1ed1e39dcebe93e cruiser replied to the topic Trusts in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4378291-trusts-8/#post-4504058 Thu, 27 Jan 2005 11:40:53 +0000 But even if it could distribute losses, I (as the primary income earner) am allowed to have nothing to do with the trust, therefore my income cannot get the advantage; only my partner’s much smaller income, so it still would not work.
I’m not saying Which Bank doesn’t lend to trusts. It’s just that most of their staff do not understand the first…[Read more]

]]> cb5962ece5d7f1b72b091c86b1b807de cruiser replied to the topic property solicitor in QLD in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4378243-property-solicitor-in-qld/#post-4503797 Thu, 27 Jan 2005 11:28:32 +0000 Garry Tierney is excellent. 07 3278 5388. Good rates – and as thorough as you could wish for.
Cruiser

]]> 449437da930765cbbe50e8cc98734aa9 cruiser replied to the topic Trusts in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4378291-trusts-8/#post-4504056 Wed, 26 Jan 2005 12:26:23 +0000 Terry,
If a trust has no income, then there is no depreciation advantage, yeah? Whereas if I own in my own name, the depreciation makes a big difference.
I’d like to know which lenders are au fait with trusts – because Which Bank is not.

]]> ca47656101cb8b0c5496e6ad34c39c7e cruiser replied to the topic Trusts in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4378291-trusts-8/#post-4504054 Wed, 26 Jan 2005 11:55:56 +0000 I agree the quoted fees seem good value. I paid $1750 for each, i.e. $3500 for a company and trust. That was through Ed Burton = ripoff, but he represents that his company and trust deeds include everything you need (and that many don’t), so now I have these I never need to go through him again, I would just copy the ones his company drew up and…[Read more]

]]> 4b46e2309eb0a24ca5664cd4a5097da7 cruiser replied to the topic I need a good Property Accountant? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4378127-i-need-a-good-property-accountant/#post-4503013 Mon, 24 Jan 2005 02:34:40 +0000 Yep: Superior Tax Solutions Pty Ltd
PO Box 2801 Fitzroy Vic 3065
Phone / Fax : (03) 9812 – 2257
They don’t answer the phone, they get you to leave a message and call you back.

Cheers

]]> 1d54e320443829a7e8d357673380ca33 cruiser replied to the topic Mandurah in the forum Help Needed! https://www.propertyinvesting.com/topic/4378218-mandurah/#post-4503571 Sun, 23 Jan 2005 00:27:39 +0000 Are any of the areas you’ve mentioned positive-ish Marisa?

]]> 16977ebd156a00087ea6db68d7e3ea23 cruiser replied to the topic Self Managed Super Funds in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4378195-self-managed-super-funds/#post-4503409 Sat, 22 Jan 2005 23:55:59 +0000 Thanks, Betterbiz, sounds like you’re an accountant, I will send you an email. I think your last point is a really good one. I’ve had a company and trust set up for property acquisition – with no info at all on how to run them, and this was annoying.
regards

]]> 232cb967635b2e9f301929cde6adb7ec cruiser replied to the topic Self Managed Super Funds in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4378195-self-managed-super-funds/#post-4503407 Sat, 22 Jan 2005 11:07:21 +0000 Thanks, Geoff. I have an accountant – haven’t asked them yet about setting one up. I belong to a property investment ‘club’ which says that all SMSFs are not equal, and charges members $1750 to set one up that is supposed to be able to do everything. Do you think that’s ridiculously expensive, or is it within the ballpark?
Regards,
Cruiser

]]> 78cbfa27d0977f6282ec6eccb8522a83 cruiser replied to the topic Self Managed Super Funds in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4378195-self-managed-super-funds/#post-4503405 Fri, 21 Jan 2005 12:01:22 +0000 Thanks, Derek.

Cruiser

]]> 01630eaf1909850aabbb30a2b6b9fb9e cruiser replied to the topic I need a good Property Accountant? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4378127-i-need-a-good-property-accountant/#post-4503011 Fri, 21 Jan 2005 11:14:44 +0000 Adrian Hill is in Melbourne. He has a company called “Superior Tax Solutions.” He understands the concept of positive gearing/cashflow and the methods to achieve it. He’s currently being endorsed by “guru” Ed Burton.

Cheers
Cruiser

]]> 0dbd29173b7b513cf8217566db19dc7a cruiser replied to the topic Inspecting Property in Person before purchase in the forum General Property https://www.propertyinvesting.com/topic/4378045-inspecting-property-in-person-before-purchase/#post-4502456 Sun, 16 Jan 2005 10:18:33 +0000 I recently bought a property in outback QLD sight unseen through a buyers agent connected with a seminar giver. I asked her whether the property was in a good area, she said yes. A couple of months later I went there and discovered it was quite the opposite. However, I haven’t had any problem renting it, plus, even tho I had a building etc…[Read more]

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