PropertyInvesting.com | davo70 | Activity https://www.propertyinvesting.com/members/davo70/activity/ Activity feed for davo70. Sun, 12 Apr 2026 22:24:50 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 89e13ecc5f955705e1be2ccac1efc2eb davo70 replied to the topic How are the newbies going? in the forum General Property https://www.propertyinvesting.com/topic/4369498-how-are-the-newbies-going/#post-4440242 Fri, 28 Nov 2003 07:38:18 +0000 Wow I have got 57 posts listed. I must have my forums mixed up!

]]> 6917c673e3aaf3b8332008aac6cb8fdc davo70 replied to the topic How are the newbies going? in the forum General Property https://www.propertyinvesting.com/topic/4369498-how-are-the-newbies-going/#post-4440241 Fri, 28 Nov 2003 07:36:45 +0000 I have been reading the post on the forum for over six months and I am not sure if I have ever replied before.

I began purchasing investment properties about just over 12mths ago. My sister was being moved from one place after another and she was very unhappy so I got over my nerves bought a house she now rents. I did know at the time I had…[Read more]

]]> 4509ebf1c1ae77c405ac1cd63aef0866 davo70 replied to the topic Rich Dad Poor Dad in the forum No Subject https://www.propertyinvesting.com/topic/4367599-rich-dad-poor-dad/page/2/#post-4426971 Mon, 22 Sep 2003 04:40:33 +0000 Bruce you sound like a geniune Australian wanker! You very sarcastically put down the ideas and opinions of others on this forum and stand back with a superior attitude. I am a government worker who runs cabs on the side therefore I must be better than someone who got their idea money making idea from a book.

The people on this forum have chosen…[Read more]

]]> 7748d23b293c09f9888fd202d3109f1d davo70 replied to the topic How do I get Started? in the forum No Subject https://www.propertyinvesting.com/topic/4367918-how-do-i-get-started/#post-4428674 Wed, 17 Sep 2003 00:49:42 +0000 Give us a few details and we might be able to access the best way to help you. Things like the estimated value of your home, how much to do you owe on it. What sort of income do you get and how much. What debts do you have now.(personal loans, car loans, credit cards etc)

What areas are you thinking of buying in and at what price.

This will…[Read more]

]]> df270ce590e8b0ab6f1d453db235a8f7 davo70 replied to the topic mortgage broker in NZ in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367915-mortgage-broker-in-nz/#post-4428619 Wed, 17 Sep 2003 00:44:55 +0000 Mini are you talking in Australia or in NZ?

Davo70

]]> 8477385a4756f64028f236b222f3692b davo70 replied to the topic NZ suburbs in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366580-nz-suburbs/page/6/#post-4420346 Mon, 15 Sep 2003 05:49:10 +0000 Mini I have a quick question. As an Aussie buying in NZ there are two things I only just thought of. Do they have landlords insurance in the same format they do here (I assume they do but am not sure).

Secondly the risk of Earthquake is much higher in NZ than Australia. What are the risks with home insurance in that regard. If my house is flatten…[Read more]

]]> 23341ae2a9954ce3771c1ffd62ba0516 davo70 replied to the topic Baby Boomers & Interest Rates in the forum No Subject https://www.propertyinvesting.com/topic/4367442-baby-boomers-interest-rates/#post-4425972 Wed, 03 Sep 2003 04:32:47 +0000 I think that despite the decrease in the size of the family that larger homes will always be popular. Lets face it the rich love large spacious homes even there is only one or two people living there.

People will convert the extra unused rooms to other purposes and this will give them scope to do so where as it is much more expensive to add a…[Read more]

]]> b2bc453e38caec9ed9046eb013fc54c0 davo70 replied to the topic Interest Only Loans in the forum No Subject https://www.propertyinvesting.com/topic/4367204-interest-only-loans-3/#post-4424206 Tue, 26 Aug 2003 02:35:12 +0000 Melanie is correct they do offer interest only to ten years. It is on their a fixed rate and they will only allow to 80%.

Loanstar who I only just found out about offer I/O ten years on both fixed and variable rates. Although they also will only go to 80% of the property value.

Hope this helps.
davo70

]]> 1334a5b8958ef85e6005066201eb7fac davo70 replied to the topic Interest Only Loans in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367204-interest-only-loans-3/#post-4424203 Tue, 26 Aug 2003 01:07:07 +0000 Loanstar in Qld offer a 10 year Interest only loan and I believe the ANZ Bank also offer a 7 year interest only loan.

I will check and get back to you guys.

David

]]> 32a5a8ef83ba088372adfbe796723cb1 davo70 replied to the topic How does one become one's own Mortgage Broker ? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367192-how-does-one-become-ones-own-mortgage-broker/#post-4424086 Mon, 25 Aug 2003 02:56:00 +0000 Michael I am not sure if I understand your question. I am tired from lack of sleep.

Sorry.
Davo70

]]> ef6b9adebb393a59c823092daa808533 davo70 replied to the topic How to start with $800K + 3IP's ? in the forum No Subject https://www.propertyinvesting.com/topic/4367130-how-to-start-with-800k-3ips/#post-4423730 Fri, 22 Aug 2003 03:46:39 +0000 Mel can you explain the voucher scheme a little more does it relate to all states? I have two centrelink receiptents in my investment properties and had a several time where I have had to chase up the money.

This may make life a little easier.

Davo70

]]> d3c003e8a04b5d5d9114a9a8e8907ed5 davo70 replied to the topic Gladstone, Rocky and Kingaroy????? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367125-gladstone-rocky-and-kingaroy/#post-4423693 Fri, 22 Aug 2003 00:16:32 +0000 If you are looking at Rocky you have been get a wriggle on as the prices have already begun to skyrocket. Austrlian Bureau of Stats site is also good for information.

Rocky is currently experiencing slow population decline and weak economy and no future major developments noted. Kingaroy is a major town in the southeast corner with strong…[Read more]

]]> cb41572e7a42792ba969f2f618af25d5 davo70 replied to the topic Why rent vs buy if u pay more to rent? in the forum No Subject https://www.propertyinvesting.com/topic/4367081-why-rent-vs-buy-if-u-pay-more-to-rent/#post-4423336 Wed, 20 Aug 2003 06:02:28 +0000 Where do you get your figure that loan repayments are 33% below rent?

The average rent in Brisbane for example is about $250pw in the average 10km radius suburbs.

The average purchase price is around $300,000 in the same areas if you had a loan of $225,000 over 25yrs then your payments would be $1,529pm

This equals about $350pw plus rates plus…[Read more]

]]> 1a0b67c72469d5beabc092e88812ad78 davo70 replied to the topic Brisbane Meeting in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367032-brisbane-meeting-2/#post-4422926 Tue, 19 Aug 2003 01:32:45 +0000 Yep count me in!

davidsm1@optusnet.com.au

Davo70

]]> b3424dd609b6fe5ba8983f12016ccc7f davo70 replied to the topic interesting in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366990-interesting/#post-4422668 Mon, 18 Aug 2003 02:32:54 +0000 Can I ask a question. I did a lot of research on Rocky about three months ago and decided not to buy there. The population of Rocky has been in decline for eight years and the economy is not looking good, unemployment highest in the major regional towns and the town has poor infastructure etc.

Will this not affect the rents and capital growth in…[Read more]

]]> 6ba347f9892c639673a55e1fe09e51bf davo70 replied to the topic Why Brisbane is best: in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366748-why-brisbane-is-best/#post-4421241 Thu, 07 Aug 2003 05:58:24 +0000 I feel slightly better having sold shares last year to get into the property market. Plus I live in Brisbane so feel even better.

Thanks Crashy!

]]> 8983f9581c95efd27c7e54eafb1d4806 davo70 replied to the topic Where should I buy an IP (180K-220K) ? in the forum No Subject https://www.propertyinvesting.com/topic/4366744-where-should-i-buy-an-ip-180k-220k/#post-4421230 Thu, 07 Aug 2003 05:52:18 +0000 Everywhere in Brisbane is booming. Forest Lake is about 18km South East of the CBD and is Qld’s largest planned estate. It has very large lake and I go there a lot for walks and coffee. We are even considering buying there. You can still get properties in the $200k price range but these are basic houses away from the lake. Not that there is…[Read more]

]]> 2aa46e7395744f7aacd94ad8a1b06753 davo70 replied to the topic NZ suburbs in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366580-nz-suburbs/page/3/#post-4420289 Thu, 07 Aug 2003 00:01:08 +0000 I have done some research and found that the properties in the Wairoa area near Napier and Hastings seem well priced. Does anyone know much more about these areas. Economy seems strong, unemployment not too high (higher than Aust but no bad for NZ).

Just after some opinions from our Kiwi friends.

]]> b383dadc899fb07a3439b36f67ec4575 davo70 replied to the topic Interest Only Loans in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366680-interest-only-loans/page/2/#post-4420912 Wed, 06 Aug 2003 23:54:42 +0000 Let face it boys and girls this one comes down to what you are comfortable doing. I really see no problem with 100% offset or LOC. So do some investigating with the banks and find out the fees and charges associated with each type and then make a decision from there.

As a broker I always let the customer decide I just tell them what the loan does…[Read more]

]]> e53403294d0e669950ad37d3e6e56f20 davo70 replied to the topic Line of credit in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366715-line-of-credit-3/#post-4421066 Wed, 06 Aug 2003 06:16:05 +0000 I am a Broker and it is very understandable that you should be upset. The broker should have been following this up on a regular basis. I never let more than a week go by before following up a deal.

I always phone the customer to keep them informed of what is happening. If your broker can’t give you straight answers look for another one…[Read more]

]]> e992507923decd78e6eb52a2a34ae168 davo70 replied to the topic Interest Only Loans in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366680-interest-only-loans/#post-4420902 Wed, 06 Aug 2003 02:38:10 +0000 With a line of credit if you have the right one can fix part of it. You must have at least $2,000 variable so you can pay money into the loan and redraw it.

The Portfolio loan from St George has regularly been voted the best LOC on the market. If you borrow more than $150,000 you are entitled to an interest rate reduction.

The Line of credit is…[Read more]

]]> 3ac0613dc28f8bb9d8a43183dd45afbb davo70 replied to the topic Queensland in the forum No Subject https://www.propertyinvesting.com/topic/4366682-queensland-3/#post-4420924 Wed, 06 Aug 2003 02:22:26 +0000 One advantage Brisbane has over Sydney and Melbourne is that is the fastest growing captial city in Australia thus strong population growth to maintain rent returns. The areas immediately surrounding brisbane are the fastest growing areas in the country (Gold Coast, Redcliffe, Sunshine Coast and redland Shire).

This has been occuring for sometime…[Read more]

]]> 8399d5c323c87caa43d8bcdb0ede4c8c davo70 replied to the topic Purchasing without Viewing!!! in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366705-purchasing-without-viewing/#post-4421035 Wed, 06 Aug 2003 02:18:39 +0000 I know lots of people on this forum buy without viewing and they have strong views in relation to doing this. I like to know the area I am buying so I can tell they type of area and they type of people living there etc.

I lived in a very poor working class suburb most of my life and would never have invested in it ten years ago. However, after…[Read more]

]]> 0a9c0d0679941987c6195b89695bbf30 davo70 replied to the topic Brisbane in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366647-brisbane/#post-4420762 Wed, 06 Aug 2003 00:54:21 +0000 Hi everyone I am a Finance Manager in a Real Estate office in the Redland Shire (Where Redland bay is located). The rents in the area are for the most part only around 5-7% gross return and declining.

There is a strong surplus of rental properties. We are the largest real estate office in the shire and we can’t rent all the properties we…[Read more]

]]> 9dc13db46d15497130462d38f2951c93 davo70 replied to the topic Finance in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366699-finance-3/#post-4421030 Wed, 06 Aug 2003 00:42:08 +0000 If you rent at 80% of the gross you receives covers the amount you wish to borrow then the bank may consider lending you the money.

However, this is unlikely so partnering with someone with a stable income could be the best option.

Make sure that you have a contract in place with who ever you partner with to avoid issues down the track and trust…[Read more]

]]> 6eb3f566ecab702ff3627675c274fb30 davo70 replied to the topic Line of Credit in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366667-line-of-credit-2/#post-4420839 Wed, 06 Aug 2003 00:12:33 +0000 Definetly get all you people on board like your accountant and solicitor. They will help you through the minefield of tax and government requirements.

As for the loan structure it really depends on your personal circumstances. A line of credit does not owrk for everyone. You need to be disciplined with money. If you think you will be tempted to…[Read more]

]]> 65016160f5321f4499367bdc70ef9202 davo70 replied to the topic INSURANCE in the forum No Subject https://www.propertyinvesting.com/topic/4366663-insurance-4/#post-4420829 Wed, 06 Aug 2003 00:01:57 +0000 You can get comprehensive Landlords inaurance from a few insurers. It covers the buildings, some contents (carpet, curtains etc) loss of rent and tenant damage.

Suncorp, NRMA and CGU offer this insurance not sure what the rates are but give them a call and they will fill you in.

Davo70

]]> cd24071d90ec807faac2782b6813eac8 davo70 replied to the topic Good Broker -Canberra Area? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366639-good-broker-canberra-area/#post-4420726 Mon, 04 Aug 2003 02:45:08 +0000 I don’t know any brokers in ACT, but can tell you (assuming you are talking about getting finance to purchase a property)

You will need the following information.

1. At least three payslips for each of the borrowers (usually you and your partner)
2. Group certificates for this year
3. Statements on all credit cards and personal loans
4. If you…[Read more]

]]> 828b3b2d38d01b8b0d81ff7a9daffd47 davo70 replied to the topic Commercial property in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366633-commercial-property-3/#post-4420681 Mon, 04 Aug 2003 02:28:30 +0000 I have been researching commercial property for a while and there are risks associated with them that are present for residential but seem to make the risk higher.

IE: If the tenant leaves the building it can take months to find another tenant.
If you buy into an area that is in decline then you run the same risk but can also may not be able to…[Read more]

]]> 67adcca151ae75489e38e406141fab3c davo70 replied to the topic Agent selling commissions in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366619-agent-selling-commissions/#post-4420616 Mon, 04 Aug 2003 02:13:27 +0000 I agree with the stick to your guns mentality. We sold a property in Brisbane back in April 2000 before the boom began. The property had been listed for three weeks and it did not look good. We knew the ppty was not overpriced. The agent told us we would not sell it as the market was dead and we were asking too much.

We told him it was either our…[Read more]

]]> 256d50e32a84ba91b30a832b07947921 davo70 replied to the topic 2 IP's, 1 loan???? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366598-2-ips-1-loan/#post-4420501 Fri, 01 Aug 2003 01:23:47 +0000 CBA has zero applications fees on it’s line of credit at the moment.

Davo70

]]> 20c8a45b74508dc05157b5e0cfcb8ab1 davo70 replied to the topic Line of credit: Should I or Shouldn't I? in the forum No Subject https://www.propertyinvesting.com/topic/4366610-line-of-credit-should-i-or-shouldnt-i/#post-4420573 Fri, 01 Aug 2003 00:33:48 +0000 To add to Terry’s comments you can get a line of credit that allows you to split the debt so a portion is for personal use and the balance relates to the investment debt. As long as all you transactions are run through the personal portion then the tax man will have no problem.

This is how I operate mine. St George, Macquarie Bank, Suncorp all…[Read more]

]]> 5fdfdcf9672ea6f469a03192eb79b169 davo70 replied to the topic HK EXPOS'E ON TODAY TONIGHT, TONIGHT! in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366585-hk-expose-on-today-tonight-tonight/#post-4420414 Fri, 01 Aug 2003 00:14:56 +0000 David I agree that at some stage people have to take responsibility for their own actions. How many scams like this have occured over the last twenty years and yet no one seems to get any wiser why!

I am only 33yrs old and even getting on to this website and listening to Steve write I was very wary. So far I am yet to have my fears realised…[Read more]

]]> 336fe725aa5ee529da687d65ce40586e davo70 replied to the topic Looking to invest in SA in the forum No Subject https://www.propertyinvesting.com/topic/4366609-looking-to-invest-in-sa/#post-4420566 Fri, 01 Aug 2003 00:03:47 +0000 Ms Elvis may know the area a little I suggest you read her post on SA Mentors and email her direct.

]]> eeedb056e4020816ac1a86e8c8802e58 davo70 replied to the topic Help please... in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366604-help-please-2/#post-4420548 Thu, 31 Jul 2003 04:58:01 +0000 Most of the areas you mention in Qld are ok they are outer Brisbane or Logan city locations for the most part. All are experincing strong captial growth. They are predominantly working class areas with good rental demand. Tin Can Bay is near Hervey Bay and this area is rapidly growing tourist area, Whale watching etc.

Rainbow Beach is also…[Read more]

]]> 76d4963013d6653d852684644c7968eb davo70 replied to the topic A problem: Title not in my Name in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366603-a-problem-title-not-in-my-name/#post-4420542 Thu, 31 Jul 2003 04:51:36 +0000 I worked in the conveyancing area of two major banks for over ten years and i can tell you things get lost all the time. (not a lot in comparison to the number of documents processed) but they did get misplaced or someone files the documents in the bank vault and forget to lodge the transfer etc.

If the bank has lost the documents they may need…[Read more]

]]> 7c19d54e3aae3166a78720e143795791 davo70 replied to the topic Caclulation of total income with an IP in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366600-caclulation-of-total-income-with-an-ip/#post-4420516 Thu, 31 Jul 2003 03:09:09 +0000 Using Stuarts scenario including the Medicare levy you would pay $20,590 in tax for the year.

This figure would be higher if it were not for the deductions you are entitled to claim.

So you don’t pay 47% on the whole $68,000 it is broken down into parts as Stuart’s table demonstrates.

Hope this helps a little.

]]> 8460ea6415133ea2f616214225e90fe5 davo70 replied to the topic NZ suburbs in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366580-nz-suburbs/#post-4420252 Thu, 31 Jul 2003 02:57:10 +0000 Thanks David U

Just one more question. Which banks do you guys deal with in relation to this NZ or Aussie banks?

Thanks
Davo70

]]> 419d999c52e3a26b49b0112204403b41 davo70 replied to the topic NZ suburbs in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366580-nz-suburbs/#post-4420250 Thu, 31 Jul 2003 00:26:21 +0000 This is a dumb question. I have been talking to the other half about possibly buying in NZ. Apart from the fear of buying so far away from where we live. We are not sure what sort of fees apply for buying in NZ.

I am aware of all the costs here in Australia like stamp duty, contract duty, conveyancing, registration fees and of course bank fees…[Read more]

]]> ff4184b8c11e880c16910f781f2adb7c davo70 replied to the topic Changing house in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366594-changing-house/#post-4420458 Wed, 30 Jul 2003 06:53:07 +0000 Sooshie where are you located at because it is quite cold here in Brivegas today. You sure you want to move?

]]> 04f5e651b0ba7b62d02ab1c5a960dc79 davo70 replied to the topic Property Investors to blame??? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366595-property-investors-to-blame/#post-4420463 Wed, 30 Jul 2003 06:49:03 +0000 I don’t know in some areas of the big cities it would be fair to say that early investors find undervalued areas and begin to buy. Others see whats happening and want to get in on the action and soon the prices go crazy.

However, the rural and regional price boom I would say could be almost solely driven by investors as many people would not buy…[Read more]

]]> adc397d829b5a28de765f6fd7ab7f296 davo70 replied to the topic NZ banks in the forum No Subject https://www.propertyinvesting.com/topic/4366579-nz-banks/#post-4420232 Wed, 30 Jul 2003 00:36:19 +0000 Many of the major banks in NZ are Australian. ANZ and Westpac. The Bank of NZ looks set to be purchased by either ANZ or Commonwealth Bank.

There are some legal differences between Australia and NZ but for the most part their lending policy is very similiar to that here is Australia.

AS for borrowing through an NZ Bank to purchase in NZ it would…[Read more]

]]> 78e896c8e0ad96c5875537433e0ea159 davo70 replied to the topic Advice needed for a newcomer in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366562-advice-needed-for-a-newcomer/#post-4420176 Tue, 29 Jul 2003 02:40:31 +0000 One of the ways I found to see if there is an oversupply of rentals in your local area is to go to Realestate.com.au and look up the rentals in your area. If there are more than say 25 properties for a town of 50,000 or less then I would say there is an oversupply and then I look in other areas.

Hope this helps.

]]> be7cc90df086bfb71d37238a24236cdf davo70 replied to the topic Can anyone do better than 20% deposit in NZ? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366565-can-anyone-do-better-than-20-deposit-in-nz/#post-4420186 Tue, 29 Jul 2003 02:36:18 +0000 recoveryman. When you say better than 20% deposit I assume you mean that because you are buying overseas that you need 20% plus costs? This is becuase mortgage insurers will not mortgage insure a property located in an overseas market.

You may approach HSBC as they are an overseas bank located in Australia. I am not 100% on thier overseas policy…[Read more]

]]> b5623c2c817e4ecf5234e07813bdedf3 davo70 replied to the topic my worst case scenario has happened in the forum No Subject https://www.propertyinvesting.com/topic/4366502-my-worst-case-scenario-has-happened/#post-4419791 Wed, 23 Jul 2003 00:21:39 +0000 Happy Birthday Chandara. I hope you had a great day.

Rest energise and go out there and make a fortune!

davo

]]> 5548c0eb76d3b3151275f566055c7454 davo70 replied to the topic Migration patterns of a lemming... Sound familiar? in the forum No Subject https://www.propertyinvesting.com/topic/4366463-migration-patterns-of-a-lemming-sound-familiar/page/2/#post-4419618 Tue, 22 Jul 2003 04:49:21 +0000 minimogul.

Ok I will make you deal I am now pondering what you said and I have looked at what others are saying and I have decided I run the same risks whether I buy here in Brissy or in Tasmania or Victoria or NZ. So if I make the leap can I get you to give me a brief how to guide. Just I am use to running my own properties and letting someone…[Read more]

]]> a22a27152432e6a92078f994b7f4bbc2 davo70 replied to the topic PI.com Roll Call in the forum No Subject https://www.propertyinvesting.com/topic/4366097-pi-com-roll-call/page/4/#post-4417566 Tue, 22 Jul 2003 00:58:51 +0000 Hi everyone my name is David I am 33 yrs old and work as a Finance Manager for RE/MAX. I have been involved in the finance industry for many years but never really found out how it could work for me.

In 1994 my partner and I bought an IP in Coorparoo in Brissy. Got it cheap spent $7,000 fixing it up. Held it had some tenant problems I got cold…[Read more]

]]> 31cf87cd417a33b4a0c7049d71bdd5aa davo70 replied to the topic Migration patterns of a lemming... Sound familiar? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366463-migration-patterns-of-a-lemming-sound-familiar/page/2/#post-4419606 Mon, 21 Jul 2003 06:57:13 +0000 Mini I need to clarify something! You say you do little research on your properties. So what do you research before you purchase. Oh and ps I do get a pest building report on my properties, but I don’t want the stress of trying to get a builder, plumber etc to fix something on a property that is 1,000km away when I have no control over what gets…[Read more]

]]> 7b580448d036dc085cdb69e440c11205 davo70 replied to the topic FIRST HOME BUYER/INVESTER 22Y/O in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366479-first-home-buyerinvester-22yo/#post-4419689 Mon, 21 Jul 2003 06:46:49 +0000 Yes you must live in the property within six to twelve months of purchase and you will have a period in which you must stay in the property. I would check with your local office of state revenue.

Be careful if the government thinks you are avoiding tax they can come down on you hard.

Davo70

]]> 272962a906fd6f35cc37310516340165 davo70 replied to the topic help, advice needed. in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366433-help-advice-needed/#post-4419405 Mon, 21 Jul 2003 04:42:19 +0000 St George will also do 100% finance and the interest rate is 6.90% variable (the loan is the same as their standard variable rate loan with all the features just slightly higher application fee and interest rate).

You need to have 2.5% that is held by the bank plus purchases costs and at least 12 months employment. So your $12k you might be able…[Read more]

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