PropertyInvesting.com | Dan260 | Activity https://www.propertyinvesting.com/members/dan260/activity/ Activity feed for Dan260. Sun, 12 Apr 2026 10:56:16 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 dc27184db18200553d12b27108b82e3f Dan260 replied to the topic Looking for accountant in Perth, WA in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365821-looking-for-accountant-in-perth-wa/#post-4416037 Fri, 23 May 2003 01:34:49 +0000 Hi J,

On Bretts recommendation I used LLew Enynon from Eynon Business Consultants – yes he is a JET! Lllew invests heavily in property himself (millions $) and is a gun when it comes to structures. He Set up a company and trust structure for me and spent hours with me explaining all the benefits etc. He is well worth the money!!! just say Dan…[Read more]

]]> e8ef087258bd767999dcaf0655eca20c Dan260 replied to the topic Brett: lets start a WA investing team? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4364932-brett-lets-start-a-wa-investing-team/page/2/#post-4412133 Wed, 05 Mar 2003 04:36:09 +0000 Good to hear from you again Brett,
Perhaps you can give me or post the domain name of your web site. It sounds like a fantastic resource!

Hear from you soon
Dan

]]> c694a78b9644085f130293416e187662 Dan260 replied to the topic Brett: lets start a WA investing team? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4364932-brett-lets-start-a-wa-investing-team/#post-4412130 Mon, 03 Mar 2003 01:33:53 +0000 Dean, it is getting harder (not impossible though) to find cash flow positive properties that meet my criteria in Rockingham. Capital growth prospects are strong through to 2007.

Thats why a property investment group is beneficial, as we can utlise our resources together to take advantage of the wealth of Perth Property opportunities.

Give me a…[Read more]

]]> c5bd50b6cf1616ceceea504e6021c48b Dan260 replied to the topic Danny & Paul Hanna in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365241-danny-paul-hanna/#post-4413333 Mon, 17 Feb 2003 09:03:33 +0000 i am also going to the seminar night on tuesday. what are other peoples experiences with this seminar info. has it been useful?

]]> 3b2ae38a92334814f41f1da4c5fc3c8a Dan260 replied to the topic Why Positive Rental Cash Flow Doesnt work in the forum No Subject https://www.propertyinvesting.com/topic/4365205-why-positive-rental-cash-flow-doesnt-work/#post-4413141 Thu, 13 Feb 2003 02:08:42 +0000 Tails277,
everyting in life has a risk – even walking across the road to get to my bustop to go to work in the morning has risk. So to talk about not wanting to invest because you have to put in some effort, in my opinion is more risky than the risk itself.
I live in Perth like you and have bought in Bassendean (11km from city). It is cashflow…[Read more]

]]> 785ffa6269f6737b2dec36b3db727409 Dan260 replied to the topic Where am I going wrong?? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365204-where-am-i-going-wrong/#post-4413136 Thu, 13 Feb 2003 02:04:14 +0000 Tails277,
everyting in life has a risk – even walking across the road to get to my bustop to go to work in the morning has risk. So to talk about not wanting to invest because you have to put in some effort, in my opinion is more risky than the risk itself.
I live in Perth like you and have bought in Bassendean (11km from city). It is cashflow…[Read more]

]]> 0f44289a1b8c9ef9aeb757b1dd6dc16a Dan260 replied to the topic LOW returns into HIGH returns in the forum No Subject https://www.propertyinvesting.com/topic/4365185-low-returns-into-high-returns/#post-4413040 Tue, 11 Feb 2003 01:47:48 +0000 i agree that you have to manage forex fluctuations, however, will be interested in this idea. If you were talking big dollars how about setting up a REIT (US Real Estate Investment Trust)?

PS tell me more about the student accomodation strategy?

]]> f77d86177c6d119a15398ded75e6c3c7 Dan260 replied to the topic Brett: lets start a WA investing team? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4364932-brett-lets-start-a-wa-investing-team/#post-4412117 Tue, 04 Feb 2003 01:47:46 +0000 Hi Tails,

Welcome to WA land of the reasonably priced homes!
$250k could buy you 2 cash flow positive properties 15-20km from the city (east and north are 2 hints for you).
cheers
Cryptic Dan

]]> 70a438c52152bc2a29613ccff9e691b1 Dan260 replied to the topic How 2 get more $$ when bank says NO!! in the forum No Subject https://www.propertyinvesting.com/topic/4365057-how-2-get-more-when-bank-says-no/#post-4412552 Wed, 29 Jan 2003 08:35:59 +0000 thanks Al,
just to clarify though: could you please explain what you mean by split banking??
thanks in advance
Dan

]]> d2dec8b1db3676fe2588f34f29532101 Dan260 replied to the topic How 2 get more $$ when bank says NO!! in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365057-how-2-get-more-when-bank-says-no/#post-4412550 Fri, 24 Jan 2003 08:13:01 +0000 Thanks to everyone for their thoughts and replies.
My problem is not the LVR but my Debt Servicing Ratio (DSR). So to clarify, banks will accept a guarantee from a Company structure and not take into consideration its DSR? Therefore, as long as there are guarantees in place, the bank overlooks the DSR of the individual?
cheers
Dan

]]> 0c7bb92e573814bb5ddb95db7ec091a1 Dan260 replied to the topic How 2 get more $$ when bank says NO!! in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365057-how-2-get-more-when-bank-says-no/#post-4412546 Tue, 21 Jan 2003 06:44:27 +0000 yeah and what about Debt Service Levels? meaning, why would a bank lend money to an entity (ie company) that doesnt as yet have any income? how does the bank protect their risk exposure??

If you are on an income of only $30,000 the bank isnt going to care what guarantees you give for the trust/ company, no matter what deposit you have right?????????

]]> da53cbc071260b60dc828ab18d6d2824 Dan260 replied to the topic How 2 get more $$ when bank says NO!! in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365057-how-2-get-more-when-bank-says-no/#post-4412542 Tue, 21 Jan 2003 02:20:37 +0000 Hi Key,

Thanks again for reply.

But i dont think i fully understand how a bank will lend more money to you as a guarantee to a trustee versus in a personal capacity. Isnt it the same thing as far as risk goes for the bank? I.E. isnt your Debt Servicing Ratio and Loan Value Ratio the same regardless of structure? Or dont the Banks take into…[Read more]

]]> 65bca48bd8d11a0f6e4faf6483f1e344 Dan260 replied to the topic feedback please. in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365069-feedback-please/#post-4412593 Mon, 20 Jan 2003 06:40:00 +0000 Hi MoneyTree,

email me at

dvovil@euroz.com.au

we can run through a few real life case studies. I am no expert – i only have 4 cash flow positive properties, but if you are willing to take the time to email me you are more than welcome to bounce investment ideas off me.

cheerz
Dan

]]> bce65fed94417781dc52b5b09defb8d4 Dan260 replied to the topic How 2 get more $$ when bank says NO!! in the forum No Subject https://www.propertyinvesting.com/topic/4365057-how-2-get-more-when-bank-says-no/#post-4412540 Mon, 20 Jan 2003 01:44:29 +0000 Hi Key,

thanks for the reply.

How is it that you “are able to push the boundries”? by having a Corporate trustee for a Discretionary Trust?

cheers
Dan

]]> 148875c243294ec406609b7106cfc860 Dan260 replied to the topic new member.new invester in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365042-new-member-new-invester/#post-4412510 Fri, 17 Jan 2003 08:13:34 +0000 Hi money tree, what is the suburb called where you are looking? Is it near a capital city? why are you investing in that particular area?
PS i would buy all 3 properties if they would fit your investment objective and goals (and if you dont have a goal WRITTEN DOWN yet, then i suggest you do that before you start investing.

good luck and best…[Read more]

]]> 53cdb1b27c3291c36aca901a5897c338 Dan260 replied to the topic two more questions: in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365014-two-more-questions/#post-4412407 Thu, 09 Jan 2003 04:28:11 +0000 Hi Nathan,

on my calculations you are getting a good 8.5% gross yield.

To boost your cashflow you need to take into consideration the “non-cash” deductions that the Tax man allows you. Ie Depreciation benefits if the house is built after 1984 and also the 5yr write off of borrowing costs (inc stamp duty).
Also you are making your calcs i assume…[Read more]

]]> c73d552de9b028102973e70de5e6e771 Dan260 replied to the topic Looking after your tenants in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4364967-looking-after-your-tenants/#post-4412231 Tue, 31 Dec 2002 06:05:10 +0000 SIMPLY STATED:

My Tenants are my Investment as much, if not more, than my investment property.

They provide cash flow. If I just wanted property as the asset I would errect a monument to myself on the busiest street at the busiest intersection. Sounds silly but its the tennant that makes or breaks, right?

So what i do is keep them happy. I…[Read more]

]]> 11eb62a8d9fa170462597b8a5dc2382e Dan260 replied to the topic REFINANCING?? in the forum No Subject https://www.propertyinvesting.com/topic/4364963-refinancing-2/#post-4412220 Tue, 24 Dec 2002 01:38:49 +0000 My Bank (Commonwealth) has a policy of only revaluing once a year. I recently purchased a property which i knew was around 20% below average market price (based on my prior research before entering into the deal!). so this is what I did:

1. Approached the CBA and asked if they could revalue the property. They said no (per policy -was worth a…[Read more]

]]> 641fdc05617b89df40a8d541166e0655 Dan260 replied to the topic PLEASE HELP: Mortgage Insurance Rip Off in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4364955-please-help-mortgage-insurance-rip-off/#post-4412198 Fri, 20 Dec 2002 01:44:02 +0000 Hi Steve, thanks for your reply.
What do you mean by the banks self insure? does this mean that mortgage insurance is negotiable??

]]> 8aaa85e6a0a50479c535b77058dad721 Dan260 replied to the topic WA Property Hotspots in the forum No Subject https://www.propertyinvesting.com/topic/4364949-wa-property-hotspots/#post-4412180 Thu, 19 Dec 2002 08:31:19 +0000 No ZS i didnt catch the ACA article on Perth Suburbs, what where their recommendations?

]]> 2e486e16d11653b766409d94fbb42c3b Dan260 replied to the topic Steve rents but is it better to buy? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4364950-steve-rents-but-is-it-better-to-buy/#post-4412185 Wed, 18 Dec 2002 05:23:27 +0000 Thanks Steve and Gang. That solves my problem. While I have committed to upsizing my current mortgage, I will review my financial position in the new year and look to rent out my latest property while renting my own principal place of residence instead of getting a crippling mortgage.
I assume that renting in my desired area will be cheaper than…[Read more]

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