PropertyInvesting.com | Dave L | Activity https://www.propertyinvesting.com/members/dave-l/activity/ Activity feed for Dave L. Sat, 11 Apr 2026 16:38:16 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 a1c9a24e3a6d8fdd0135491ea6eb3de4 Dave L replied to the topic Dulux one coat in the forum General Property https://www.propertyinvesting.com/topic/4391078-dulux-one-coat/#post-4575557 Tue, 09 Oct 2007 11:47:45 +0000 I have always had to apply 2 coats but that was on an unpainted ceiling. And yes it does dry white.Cheers

]]> f3b0da07a4d1d1506123b8ec119ae6ab Dave L replied to the topic And/or Nominee in Tasmania in the forum I am fairly sure you can https://www.propertyinvesting.com/topic/4391066-andor-nominee-in-tasmania/#post-4575521 Tue, 09 Oct 2007 09:05:22 +0000 I am fairly sure you can Terry I was going to do it with one of my properties. Let me check as the wife is a stamp duty assessor and I will let you know tomorrow for sure, otherwise PM me and I can give you her work email addressCheers

]]> 39c3e2b4b7376380206fca2abea445bb Dave L replied to the topic Cash flow positive property but abit unconventional in the forum Help Needed! https://www.propertyinvesting.com/topic/4390700-cash-flow-positive-property-but-abit-unconventional/#post-4573470 Wed, 05 Sep 2007 11:59:31 +0000 Sounds like Roxby Downs.

]]> 9f0c74031dffff01cebc368a1393dcaf Dave L replied to the topic Whos is working in the mines to get ahead? in the forum I have been working overseas https://www.propertyinvesting.com/topic/4390228-whos-is-working-in-the-mines-to-get-ahead/page/2/#post-4570852 Fri, 31 Aug 2007 11:23:01 +0000 I have been working overseas in the offshore industry for about 5 yrs now, doing 60 days on(usually ends up about 90)and 30 off (hopefully), work min 84 hrs per week usually around 100, been home 1 christmas in 4 and have a little 2 year old whom I am missing growing up. This by far is the biggest sacrifice I have ever made in my life but as the…[Read more]

]]> 105d75652e8e880a30c89afd060c101f Dave L replied to the topic Service Apartment @ St Kilda Melbourne in the forum General Property https://www.propertyinvesting.com/topic/4388406-service-apartment-st-kilda-melbourne/#post-4562032 Sun, 11 Feb 2007 07:04:06 +0000 I bought a serviced apartment within walking distance to the cbd about 18 months ago. It was an existing building to be converted to apartments then managed by an operator with 6.5% return. Anyway the short story is it was bought for $245,000 on which I put dowm $30,500 borrowed from bank, now valued at about $280,000. I still am waiting for them…[Read more]

]]> 017f62969e71adba382a92f9f30e215f Dave L replied to the topic Beginner Property Investing in the forum No Subject https://www.propertyinvesting.com/topic/4388390-beginner-property-investing/#post-4561973 Fri, 09 Feb 2007 22:10:25 +0000 Hi Hailey welcome to the property investing world I also live in Hobart and have been investing for a few years now and have been getting good returns and slowly building up a bit of a portfolio. My best suggestion is read read read and then act on the information obtained that you believe will suit your needs. Books from Steve Mc Knight, Margaret…[Read more]

]]> 56a5df8fd8a678e62eee8abff3f3ca78 Dave L replied to the topic Borrowing to buy in Dubai in the forum Overseas Deals https://www.propertyinvesting.com/topic/4387493-borrowing-to-buy-in-dubai/#post-4557837 Thu, 07 Dec 2006 21:17:26 +0000 Just talked with a friend of mine who has been living in Dubai for 4 years he said he just talked with a very high profile investment adviser in Dubai who said I will give you one piece of free advice. Do Not Buy in Dubai. He explained that there are hundreds of overpriced and empty apartments on the market at present and he feels there is a big…[Read more]

]]> 6c7e5db3dfce72dcbe9c2d3b284286da Dave L replied to the topic Calling all Tasmanian investors in the forum General Property https://www.propertyinvesting.com/topic/4387358-calling-all-tasmanian-investors/#post-4557167 Mon, 13 Nov 2006 13:33:57 +0000 I would also be interested if anything goes ahead.

Dave 0417052977

]]> cb7001071adbb3ea30a2dc61028ac9b0 Dave L replied to the topic Using my saved tax money as a deposit! in the forum Help Needed! https://www.propertyinvesting.com/topic/4385316-using-my-saved-tax-money-as-a-deposit/#post-4546632 Thu, 04 May 2006 03:11:54 +0000 Looking at things a bit closer
“If you are a company, trust or individual carrying on a business, then you will be able to claim the interest as a tax deduction because tax is a necessary part of conducting business and is viewed as a business expense.”

Brilliant Star said he saved his tax which implied to me he was running a business of some…[Read more]

]]> 2702fb3a67b586bb0531fe7e9dd97a82 Dave L replied to the topic Using my saved tax money as a deposit! in the forum Help Needed! https://www.propertyinvesting.com/topic/4385316-using-my-saved-tax-money-as-a-deposit/#post-4546631 Thu, 04 May 2006 02:30:22 +0000 Looks like my accountant may have given me the wrong advise although my tax return was very complicated last year and had to go to tax attorney for advice. You should see what those blokes charge an hour. Sorry if I misled and I shall investigate further
Dave

]]> a58670896f5f352cbb38bf9b18add21c Dave L replied to the topic Using my saved tax money as a deposit! in the forum Help Needed! https://www.propertyinvesting.com/topic/4385316-using-my-saved-tax-money-as-a-deposit/#post-4546627 Wed, 03 May 2006 21:44:03 +0000 Hi Brilliant star
Just an idea on your first question.
As its going to be your PPOR ( assuming a non tax deductable loan) you could use your tax savings and pay a large deposit on the property or all of it if you have enough, then come tax time borrow the money back to pay the tax bill therefore making it a tax deductable debt.
I have done this in…[Read more]

]]> a9dffa081ce49c029cbaba4012f3e8cd Dave L replied to the topic Our perfect tenant in the forum No Subject https://www.propertyinvesting.com/topic/4385271-our-perfect-tenant/#post-4546459 Mon, 01 May 2006 05:26:52 +0000 Hi Kate
I think I have a perfect tennent in one of my IPs he works for the council and loves gardening and landscaping, he has absolutly transformed the front & back yard puting watering systems in, new grass, plants etc and high pressure cleans all the concrete as well.
He found some paint in the shed left by the previous owner and asked if he…[Read more]

]]> 92b92038e413c94feeb614183e6d36a6 Dave L replied to the topic Recommendations for a good spreadsheet in the forum Help Needed! https://www.propertyinvesting.com/topic/4385253-recommendations-for-a-good-spreadsheet/#post-4546394 Sat, 29 Apr 2006 08:06:15 +0000 Hi Chris
I’m mainly after some accounting type software that shows general income /expense, tax summary, depreciation, gross/net returns and a current valuation section where you can input current valuation and it will give a overall figure as to how your property has performed over the years. I guess anything else would be a bonus for me. As I…[Read more]

]]> ab7704559c1b003131807deb601879d2 Dave L replied to the topic Just one tip with negotiating in the forum Help Needed! https://www.propertyinvesting.com/topic/4385237-just-one-tip-with-negotiating/#post-4546329 Fri, 28 Apr 2006 07:51:37 +0000 Micheal Yardney has an interesting free e book download on his site titled “How to become a power negotiator” this could be of interest to you.

Dave

]]> 5edcdd0129a07003d4529190883e2e79 Dave L replied to the topic Timber Flooring in the forum Value Adding https://www.propertyinvesting.com/topic/4385232-timber-flooring/#post-4546303 Thu, 27 Apr 2006 05:04:11 +0000 I suggest you would be looking at approx $60.00 minimum per sq metre to buy depending on what timber you use and it usually works out about the same to have it layed.
I would guess you probably have a partical board floor at present, have a word with a builder about whether this would need to be removed prior to installation.

Dave

]]> de3a5868c4c0a36a170f5db371778986 Dave L replied to the topic Building a new IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4385201-building-a-new-ip/#post-4546158 Wed, 26 Apr 2006 00:10:47 +0000 It could also depend on your skills. If running and coordinating a project is your thing there are some good savings to be had when building especially if your really into getting your hands dirty.
I would estimate I saved 50-60k on building my place but I dug the trenches, shoveled the gravel,helped the plumber, stood the roof trusses and…[Read more]

]]> ac70a40f2021689b62d5b96f857b06fb Dave L replied to the topic Would this work? in the forum Finance https://www.propertyinvesting.com/topic/4385180-would-this-work/#post-4545961 Tue, 25 Apr 2006 01:28:03 +0000 Thanks all
I shall make the appointment with the accountant in a couple of weeks and let you know what he says.
I also would imagine one could do this when buying off plan units when construction finish dates were 2 yrs or so away. Just draw down the PPOR outstanding amount or a portion of it and it is Tax Deductable.

Dave

]]> c049ab5e2a060f7d933a58946aaeb04b Dave L replied to the topic 2 months of research= 2 new IP's in the forum Help Needed! https://www.propertyinvesting.com/topic/4385198-2-months-of-research-2-new-ips/#post-4546085 Mon, 24 Apr 2006 11:49:56 +0000 Congratulations Peter
May you have many years of happy property investing ahead[biggrin]

Dave

]]> 852dae4c77f61fa15d0ed6e111c01b20 Dave L replied to the topic Investing in India in the forum Overseas Deals https://www.propertyinvesting.com/topic/4383988-investing-in-india/#post-4539715 Sun, 23 Apr 2006 23:04:30 +0000 I am currently in India at the moment and doing a bit of research into the property market in Goa. I hope to get there in about two weeks for a first hand look and from all accounts property there is still very cheap ie 30 -40k for a 1 bedroom app. The returns on this is in the range of 5-10% but the capital growth is quite large I have no…[Read more]

]]> 0dce223f1cc9c212a4fa1d60a1acfb2c Dave L replied to the topic Is anyone doing it tough? in the forum General Property https://www.propertyinvesting.com/topic/4385170-is-anyone-doing-it-tough/#post-4545903 Sun, 23 Apr 2006 10:26:24 +0000 I have a mate who is always saying he doesnt have enough money and was thinking of selling his house and moving to a smaller one. Fair enough I thought consolidate and start fresh.
Instead he went and borrowed more money against his equity bought a caravan and a BMW (second hand)!!!! I just shook my head and thought there is no helping people…[Read more]

]]> b09aa814dea061bb20b11d1917298140 Dave L replied to the topic Would this work? in the forum Finance https://www.propertyinvesting.com/topic/4385180-would-this-work/#post-4545958 Sun, 23 Apr 2006 01:07:23 +0000 Derek
I see your point however if there was enough equity in other properties and I had a very good bank manager who is quite understanding do you think its worth doing and would the Tax Man approve?

]]> 2705d30cde2769257c05bc223145d1fd Dave L replied to the topic Monopoly in the forum Forum Frolic https://www.propertyinvesting.com/topic/4385109-monopoly/#post-4545569 Mon, 17 Apr 2006 05:38:41 +0000 Yep worked every day 18 hrs a day offshore in India
Got some chicken for lunch which is a plesent change from fish heads and rice. Didnt talk to the wife she was out socializing I guess.
But I hope everyone else had a good easter[exhappy]

]]> 80e83c0797fa6a77d7d5cd5d2a10008d Dave L replied to the topic High price to pay in the forum Help Needed! https://www.propertyinvesting.com/topic/4381540-high-price-to-pay/page/2/#post-4525317 Thu, 13 Apr 2006 03:14:58 +0000 Congratulations Daz hope all works out for you
Am in a similar situation myself working 2,3or 4 months away overseas in offshore oil and only 1 month off, its a hard slog sometimes. I have an 11 month old little boy and hope to be home for his first birthday Its gonna suck if I miss it. The wife calls and says he is starting to do all sorts of…[Read more]

]]> b8d6addb6642c15cd2c537e401d97c92 Dave L replied to the topic Roxby Downs in the forum General Property https://www.propertyinvesting.com/topic/4385046-roxby-downs/#post-4545241 Wed, 12 Apr 2006 11:52:55 +0000 Hi kate
Yes two years ago would have been a good time to buy as places were cheap now however in my opinion places are quite over priced. I cant help but notice the amount of houses that are currently flooding the market up there compared with even 12 months ago when you battled to buy a place. This tells me that many people are taking profits and…[Read more]

]]> 13f03294a80db6c81af401500736c7b4 Dave L replied to the topic Which is Better in the forum Finance https://www.propertyinvesting.com/topic/4385047-which-is-better/#post-4545249 Tue, 11 Apr 2006 10:46:31 +0000 Thanks Simon, Richard, Terry
We do have a block of land we wish to build another IP on at some stage so putting it towards that could be a good option. Might put the extra savings into an offset account and then with the bonus it should be a good deposit on the building costs.
Thanks again
Dave

]]> 49ac3b2072cca2824ec29ac4d88026e5 Dave L replied to the topic Where is Rich Dad? - Will your sons retired by 23? in the forum Help Needed! https://www.propertyinvesting.com/topic/4384984-where-is-rich-dad-will-your-sons-retired-by-23/#post-4544937 Wed, 05 Apr 2006 07:45:29 +0000 Hmmmmmm Interesting
I am also involved with building pipelines [cap]

]]> d45f4eeefeddff5d5c90745872d6c487 Dave L replied to the topic Motel Apartments/Units in the forum Help Needed! https://www.propertyinvesting.com/topic/4384953-motel-apartmentsunits/#post-4544685 Mon, 03 Apr 2006 11:15:38 +0000 Hi Pups
I have recently purchased an appartment which gives me the option of having it managed by a company or renting/ living in it myself. Returns are guaranteed 6.5% for two years if you have it managed no guarantee if you dont of course. Paying interest at 6.72% plus about $3000 to corp body, rates, sinking fund etc does not make it a real…[Read more]

]]> 27a37acde6c8dbd752c0d9abec84d120 Dave L replied to the topic Polishing up old floorboards in the forum Value Adding https://www.propertyinvesting.com/topic/4384894-polishing-up-old-floorboards/#post-4544413 Sun, 02 Apr 2006 23:45:30 +0000 DON’T EVEN THINK ABOUT IT!!!
Tried it myself also and I have a construction background. Did a large laundry with timber floor and it was a very average job spent a long time trying to get it right go with the professionals for sure.

Dave

]]> 68d29677d3e2a6a3ebccb64838cd81a8 Dave L replied to the topic buying first townhouse/apartment inner Melbourne in the forum Help Needed! https://www.propertyinvesting.com/topic/4384878-buying-first-townhouseapartment-inner-melbourne/#post-4544315 Tue, 28 Mar 2006 12:19:03 +0000 Hi Zoe
I can’t help with all your questions but I have heard of previous owners owing money to body corporates, sell the property and the new owner has to foot the bill. My best advice is to due very through due diligence on propertys like this and check everything before buying.

Dave

]]> 633311610a37951913561dddc1d90140 Dave L replied to the topic Advice Requested: Rust in Concrete Reinforcements in the forum No Subject https://www.propertyinvesting.com/topic/4384799-advice-requested-rust-in-concrete-reinforcements/#post-4543992 Wed, 22 Mar 2006 10:27:50 +0000 Hi Paris,

Like jhopper says it’s hard to tell without looking at it but it does’nt sound too serious. Reo is frequently installed in slabs of concrete these days already rusty. Builders buy so much for the job and it sits there in the weather until it is used. Usually you would have at least 30mm coverage of concrete over it but when it is poured…[Read more]

]]> e513c9844439ccf5a62f63b481992244 Dave L replied to the topic Relocatable Homes in the forum No Subject https://www.propertyinvesting.com/topic/4384761-relocatable-homes-7/#post-4543814 Mon, 20 Mar 2006 01:06:37 +0000 Nadia
I used to move quite a few houses a while ago and there are certainly many variables to consider ie
how large, so how many trucks are needed
how high, so does the roof need to be removed
are police escorts needed while transporting
power lines to consider so what route needs to be taken
distance to travel etc
Thats without carpenter costs…[Read more]

]]> a3f963b4278352622314b86a594ae6e4 Dave L replied to the topic Commercial Investment Property - Hotel Room in the forum Help Needed! https://www.propertyinvesting.com/topic/4384756-commercial-investment-property-hotel-room/#post-4543787 Sun, 19 Mar 2006 13:00:49 +0000 Tb

I believe some banks will give a 60% LVR on property under 50m2 they certainly did with me and I was able to take a seperate loan from equity in principal place of residence therefor having no cross collateralization as there was three seperate loans.

Dave

]]> 288e63cdb06024b17a85f8ff6bc70219 Dave L replied to the topic Property Secrets in the forum No Subject https://www.propertyinvesting.com/topic/4384621-property-secrets/#post-4543053 Thu, 16 Mar 2006 23:50:20 +0000 Karen
Thanks for the heads up on the website it answered a lot of questions I had on overseas investing.

Dave

]]> 7d591d4acd455cbc32244ee7565a58a5 Dave L replied to the topic Tenant wont pay rent - how to evict?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4384699-tenant-wont-pay-rent-how-to-evict/#post-4543497 Thu, 16 Mar 2006 03:11:49 +0000 Thought I would tell my story of a tennant who stopped paying rent took some fairly extreme measures but they paid off in the end. We could’nt get in touch with the tennant also tried his work place but he had left so the only number we had was his defacto’s mothers. we called her she was very understanding but did not know where they were either…[Read more]

]]> 38315612efabd5eaf64e2d0e7d58eff8 Dave L replied to the topic Bulgaria Property in the forum Help Needed! https://www.propertyinvesting.com/topic/4384724-bulgaria-property/#post-4543629 Thu, 16 Mar 2006 02:18:36 +0000 Definetly dont work for the web site I work offshore oil & gas own a few properties in Tassie but am always looking for other interesting investments.

Dave

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