PropertyInvesting.com | dammit | Activity https://www.propertyinvesting.com/members/dammit/activity/ Activity feed for dammit. Wed, 15 Apr 2026 05:06:45 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 3f14a91e41cf36a1f1f91d74dcd8c865 dammit replied to the topic Property Investor by default in the forum Help Needed! https://www.propertyinvesting.com/topic/4397550-property-investor-by-default/#post-4610388 Sun, 18 Oct 2009 08:01:14 +0000 Hi Xodiac.So the house you live in in bris is your PPOR. that means your 240k loan is not tax deductible.Your Cairns IP loan should be tax deductible, well the interest component of your repayments, anyway.What would make sense is to switch the Cairns IP to an IO loan, and the reduction in what your repayments are, channel that surplus $ into your…[Read more]

]]> 98008b2ea99535dd8b1c3578bedb6ce1 dammit replied to the topic No Deposit Home Loans - Do they still exist? in the forum Finance https://www.propertyinvesting.com/topic/4394341-no-deposit-home-loans-do-they-still-exist/#post-4593426 Tue, 30 Sep 2008 07:12:26 +0000 Thanks for the feedback. Gibbo- not likely to be extended (maternity leave contract), that said though she knows the end date and will have another job lined up to ensure no down time. We would have a contingency in place to be able to afford the loan but the banks don’t seem to take any of that into account.

Megs, thanks for that info, I will…[Read more]

]]> f166da293e7b125730d38abe7dc08a9a dammit replied to the topic No Deposit Home Loans - Do they still exist? in the forum Finance https://www.propertyinvesting.com/topic/4394341-no-deposit-home-loans-do-they-still-exist/#post-4593423 Tue, 30 Sep 2008 05:16:35 +0000 Update: We applied for the St George No Deposit (Quick Saver) loan, they came back saying we can easily service 390k loan based on our incomes etc,we only asked for 300k.  but as my wife works in the Government on a fixed term contract, even though she gets paid by the government and not an employment agency and gets full annual leave, pub hols…[Read more]

]]> 053be5073b680e4764693948d04c2615 dammit replied to the topic No Deposit Home Loans - Do they still exist? in the forum Finance https://www.propertyinvesting.com/topic/4394341-no-deposit-home-loans-do-they-still-exist/#post-4593422 Mon, 29 Sep 2008 23:27:56 +0000 Thanks for the feedback guys.Is there any solution to this problem like going with a specific lender (even with a slightly higher interest rate), or anything you think we could do other than postpone purchasing?We have both been in the same line of work (finance/admin) for the last 4 years with minimal breaks between employment- will any lenders…[Read more]

]]> 5103f78f9378badda5952b461f99102d dammit replied to the topic No Deposit Home Loans - Do they still exist? in the forum Finance https://www.propertyinvesting.com/topic/4394341-no-deposit-home-loans-do-they-still-exist/#post-4593419 Mon, 29 Sep 2008 02:43:21 +0000 Hi TerrywThanks for the reply. 12 months is going to be hard press, my wife is in a Government temporary position which only has a duration of 6 months, I am in full time permanent employment (well,a 2 year contract)…based on this is any lender going to come to the party or is it going to be like trying to find a needle in a haystack?Thanks

]]> a5aa98a1f58d59388a22f87619c94538 dammit replied to the topic Steps Between Exchange & Settlement in the forum Help Needed! https://www.propertyinvesting.com/topic/4390933-steps-between-exchange-settlement/#post-4574773 Thu, 27 Sep 2007 05:48:47 +0000 anyone have any ideas? surely someone out there does….???  

]]> f64bf53a0f4fd55718b1a8ad3c6f3a6c dammit replied to the topic Inspecting a Building File in the forum anyone?   https://www.propertyinvesting.com/topic/4390794-inspecting-a-building-file/#post-4574169 Sun, 16 Sep 2007 12:45:25 +0000 anyone?  

]]> e17854b27d996075d1192f87fa0fae2b dammit replied to the topic Sale of House 'As Is' in the forum Help Needed! https://www.propertyinvesting.com/topic/4390785-sale-of-house-as-is/#post-4574121 Fri, 14 Sep 2007 10:40:27 +0000 from what i understand if they are selling it 'as is' means you need to do your own due diligence, make sure the stove works, ceiling fans lights powerpoints heaters etc because when u move in if it doesnt work and you didnt check it then your taking on all the problems the property has because you bought it 'as is'.i think they include this in…[Read more]

]]> 93f20e65f37c76f145f3aab6d8b181a0 dammit replied to the topic Getting the ball rolling on a purchse in the forum Help Needed! https://www.propertyinvesting.com/topic/4390727-getting-the-ball-rolling-on-a-purchse/#post-4573862 Sat, 08 Sep 2007 06:39:12 +0000 anyone?

]]> 6e70779c822e767f2db01b160dabe80b dammit replied to the topic Deposit for Exchange of contracts in the forum yeah i know what u mean, https://www.propertyinvesting.com/topic/4390712-deposit-for-exchange-of-contracts/#post-4573822 Fri, 07 Sep 2007 09:33:07 +0000 yeah i know what u mean, real estate said 5% or 10% deposit. 'thats the way we do it'. so just had to deal with it.i couldve stood my ground and negotiated a lower deposit but given there was a lot of buyers we had to make our offer as attractive as possible.thanks everyone :)  

]]> ac711fe7f8d9a1bd223f23dbca4211b6 dammit replied to the topic Deposit for Exchange of contracts in the forum Help Needed! https://www.propertyinvesting.com/topic/4390712-deposit-for-exchange-of-contracts/#post-4573818 Wed, 05 Sep 2007 11:50:28 +0000 great, that seems to make a lot of sense. i must check with the bank they have no daily limit on outgoing transfers – be good if i can avoid the time and cost ($20 fee) in having to get a bank cheque,, thnx for ur reply :)

]]> 487b940265d7022f0dbe0d374fe8049c dammit replied to the topic Completing a purchase / negotiating successfully in the forum also, im not sure if https://www.propertyinvesting.com/topic/4390682-completing-a-purchase-negotiating-successfully/#post-4573391 Mon, 03 Sep 2007 21:57:26 +0000 also, im not sure if agents/vendors will let you do a conditional contract,, if they refuse to should i try and get a 14 day cooling off period in the contract to allow sufficient time to get a pest building and bank valuation,?? any one have any ideas? this is in NSW. if its a cooling off period, can the vendor pull out or is it only the buyer…[Read more]

]]> fca96bffd5f9eb47376fd7ac8f1ce320 dammit replied to the topic Need help getting approval for a loan in the forum Finance https://www.propertyinvesting.com/topic/4390555-need-help-getting-approval-for-a-loan/#post-4572711 Mon, 27 Aug 2007 06:49:22 +0000 Ahh ok, are you able to give me an idea of some lenders with a rate around 7.5% (if it exist anymore) which use PMI? or should i email you to discuss further?cheers :)

]]> a4797cc4d3d92a203e9cec5941fbee5e dammit replied to the topic Need help getting approval for a loan in the forum Finance https://www.propertyinvesting.com/topic/4390555-need-help-getting-approval-for-a-loan/#post-4572707 Mon, 27 Aug 2007 06:06:57 +0000 Hi Guysthanks for your help, ive given up on that area as I dont think the resale values/growth is good enough to warrant a purchase.I spoke with the teachers credit union and they told me the LMI company they use is GenWorth. They said they pretty much wont insure a mortgage unless the town has over 2,500 population. We are looking at small…[Read more]

]]> be09c1c83ec4542363c4d7b1ba040ee5 dammit replied to the topic Need help getting approval for a loan in the forum Finance https://www.propertyinvesting.com/topic/4390555-need-help-getting-approval-for-a-loan/#post-4572703 Thu, 23 Aug 2007 05:08:56 +0000 Qlds007 wrote:
Checking the post code it appears acceptable with the right lender.

Hi there,thanks for your help, should I be trying a mortgage broker now to try & find if there is anyone willing to lend me the $$, can brokers get you pre-approval from their lenders or to get pre-approval do you need to go direct to a lender?or should I just…[Read more]

]]> 05ba5d8d0efe4e932f2f16bf37a98349 dammit replied to the topic Building a House - Costs in the forum Help Needed! https://www.propertyinvesting.com/topic/4386360-building-a-house-costs/#post-4552458 Mon, 07 Aug 2006 22:26:54 +0000 The town is Goulburn NSW, there are a few project home builders operating in the area- Beechwood Homes, Huxley Homes, Eagle Homes, Allworth homes is about all I think.

I have looked at the cost of brand new houses in the town, there are some 4brm DLUG/ens for $295,000, & Huxley homes was recently advertising house&land 3brm ens in a new estate…[Read more]

]]> 8ab223ef45d2ae7a6f58bec608f6d85b dammit replied to the topic NSW Buying process in the forum No Subject https://www.propertyinvesting.com/topic/4386021-nsw-buying-process/#post-4551021 Fri, 07 Jul 2006 00:49:33 +0000 Is this for NSW or just in general??

If you negotiate and agree on a price before you have done the inspections, and they bring back something unfavourable like i dont know termites, are you able to negotiate the price down further to allow for repairs or is it too late to do this?

If you pull out of a contract within the cooling off period…[Read more]

]]> 3fe8ff0bcecfd47bc6e22550a52e77b0 dammit replied to the topic Renovation Nitty Gritty in the forum Help Needed! https://www.propertyinvesting.com/topic/4386048-renovation-nitty-gritty/#post-4551150 Fri, 07 Jul 2006 00:38:32 +0000 While we’re on the topic, does anyone know roughly what it costs to get Ducted Gas Central heating installed in a house? (Natural Gas)

I’ve rung a supplier who’s told me that the units they sell cost about $2500 but couldnt give me an idea on the actual install costs or ducting costs etc.

I would imagine it would be somewhere in the vicinity of…[Read more]

]]> 9c28cc726080bae46d4f374104664649 dammit replied to the topic NSW Buying process in the forum Help Needed! https://www.propertyinvesting.com/topic/4386021-nsw-buying-process/#post-4551019 Fri, 07 Jul 2006 00:26:37 +0000 Surely someone must have an idea of the process of buying a house in NSW???

Thanks !!

]]> d12dd26c7e83df8d89c9195294620682 dammit replied to the topic Capacity To Invest? in the forum Help Needed! https://www.propertyinvesting.com/topic/4382979-capacity-to-invest/#post-4534221 Wed, 02 Nov 2005 07:17:51 +0000 Thank you for replying =)

I’m pretty sure he could get finance, he’s actually only 50 years old but I think he hopes to retire by 55 – 60 yrs old. So not sure what the banks would think of that.

Investing style I think he’d be looking for something thats going to return a good amount of money with minimal fuss/attention from him – so he would have…[Read more]

]]> 651b5f708708444e42354c3f74c064a6 dammit replied to the topic 19 year old, whats my next step? in the forum Help Needed! https://www.propertyinvesting.com/topic/4381816-19-year-old-whats-my-next-step/#post-4527102 Tue, 23 Aug 2005 04:10:24 +0000 What about the Listed Property Trusts? Are they worthwhile or are they focussed on long-term gains? (At the moment I am probably after more short-term gains as I dont want these funds locked away for a long period)?

I hope to have purchased my first IP within the next 2 years so I dont know if a 5year M.F. strategy would be ideal??

Thanks for…[Read more]

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