https://www.propertyinvesting.com/members/die-hard/activity/ Activity feed for Die Hard. Wed, 15 Apr 2026 03:57:55 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 1f0ebe6e6352f53a7f7be3c8b911ff33 https://www.propertyinvesting.com/topic/4405430-renovating-using-a-loan-2/#post-4660572 Thu, 01 Mar 2012 04:42:46 +0000 Hi AnthonyB.That is some really good advice thank you so much.  So say for instance the bathroom ceiling needs some painting because of mould or water damage, if the invoice specifies repainting due to water damage or mould can that be claimed as an immediate repair or is it still depreciation?

]]> 32c75dcc9847bfb3e88e3afd46ae3f25 https://www.propertyinvesting.com/topic/4405430-renovating-using-a-loan-2/#post-4660564 Sun, 18 Dec 2011 02:35:11 +0000 I know with the CBA at least they have two seperate loan categories which are personal loan and renovation loan on investment property.

]]> 25ac149202b28ed90656f03e6bd19fe3 https://www.propertyinvesting.com/topic/4405429-renovating-using-a-loan/#post-4660561 Sat, 17 Dec 2011 11:44:31 +0000 Thanx Catalyst.  So they allow double dipping.  Sounds good to me.

]]> d4d30b619010417eb48bf679ff158444 https://www.propertyinvesting.com/topic/4405007-renovation-loans/#post-4657742 Sat, 22 Oct 2011 22:24:32 +0000 Catalyst you are mighty awesome.  Thanks for your help money like that is really not worth worrying about in this grand scheme of things.And I happen to be a massive fan of Doctor Doom from Marvel Comics however now that you've pointed it out I'm beginning to think it's not suitable for this website.

]]> 913746a82ec314ee322a05199392ee25 https://www.propertyinvesting.com/topic/4405007-renovation-loans/#post-4657740 Sat, 22 Oct 2011 20:08:11 +0000 Thanks for the tips.  One last thing, say you buy it tenanted and apply for the loan during tenancy then vacate the property and do reno's.  What you guys think of that.

]]> a317d191f40bc5a2a85845253f1535ea https://www.propertyinvesting.com/topic/4405007-renovation-loans/#post-4657737 Sat, 22 Oct 2011 07:46:40 +0000 Thanks guys.  Yeah that is a major bitch.  So the real dodge thing to do is put it up for lease unrenovated for an overly inflated amount for lets say 2 weeks, then take the loan, start reno's and take it off the market?

]]> 435575cd322113f5e0638927a22788d5 https://www.propertyinvesting.com/topic/4404981-selling-share-of-your-property/#post-4657513 Sat, 22 Oct 2011 07:42:23 +0000 Yeah I know all those things.  Basically as far as I know they can get a loan for to buy into a property however it has to all be under the one bank so that gives the bank security.  At the moment I haven't worked out any plans for if one party goes bankrupt but I am aware of the risk.  This has nothing to do with spousal or marital issues, it…[Read more]

]]> 6055e2caba19402dac3252c804df2619 https://www.propertyinvesting.com/topic/4405007-renovation-loans/#post-4657734 Fri, 21 Oct 2011 18:28:16 +0000 Hi Terryw.So lets say you buy a unit vacant, take a loan and renovate for 3 months then put it up on the market then you can claim back only from when you put it up for lease?

]]> 9166d62ec3f9f6d6debeadb67049e305 https://www.propertyinvesting.com/topic/4405007-renovation-loans/#post-4657732 Fri, 21 Oct 2011 05:05:28 +0000 Yeah that's exactly what I reckon.  What the hell is this about having to lease it prior to vacating tenants and renovating, I am definitly getting a second thought.

]]> 6b07d1cad89eaa127544fb985cdb62dc https://www.propertyinvesting.com/topic/4405007-renovation-loans/#post-4657730 Thu, 20 Oct 2011 12:05:41 +0000 No I mean I want to buy a vacant unit and renovate it with borrowed money, then lease it and claim the interest.

]]> 47839349ee835a7e5dac9660a264c9a5 https://www.propertyinvesting.com/topic/4392346-4-units-one-water-meter-how-does-this-work-for-ips/#post-4582908 Thu, 20 Oct 2011 12:04:04 +0000 Yeah Catalyst is rite.I was a property manager for 5 years and I saw a couple of the following cases.One strata company installed individual water meters for each unit.One landlord owned a duplex with a single meter and had a second one installed,There were 4 townhouses each individually metered but for some reason sydney water didn't…[Read more]

]]> 40eb8da9f5facb35b20f7bced468cd3f https://www.propertyinvesting.com/topic/4405007-renovation-loans/#post-4657728 Thu, 20 Oct 2011 08:54:10 +0000 Hi Bjsaust.Thank you very much for your reply.  Yes my main concern is the interest on loan, I am familiar with the repair and renovation deductions on immediate and depreciation.  Here's the thing, with CBA if I were to borrow $50,000 for renovations that works out to a bit over an extra $300 per month, therefore $3,000+ at the end of the ye…[Read more]

]]> 2643013078678fd974232996f749b4af https://www.propertyinvesting.com/topic/4404981-selling-share-of-your-property/#post-4657511 Tue, 18 Oct 2011 08:29:45 +0000 Yes that you did, but thank you for the consideration.

]]> 8290b3a63cb57f18b610a8a464c6b4a0 https://www.propertyinvesting.com/topic/4404982-selling-portion-of-your-property/#post-4657521 Mon, 17 Oct 2011 03:32:57 +0000 Ok I see.  Well thank you for clearing up that second point about the loan Richard.  It's not as simple as one party having one mortgage while the other party has a loan from a different provider.Much appreciated.

]]> 45d15d64e53a18aaee4bba72e934483e https://www.propertyinvesting.com/topic/4404982-selling-portion-of-your-property/#post-4657519 Sun, 16 Oct 2011 21:02:21 +0000 Thank you for the feedback.  The way this is meant to work is as follows:You buy an apartment worth $600k in a company name.Renovate it to make it worth $700k then once it's leased for a higher rent sell a share of the property value, we'll say $200k/21% to a low end investor.This way they take out a loan seperately for themselves and you end up…[Read more]

]]> e252a1879458c8efc85082cb2b819d30 https://www.propertyinvesting.com/topic/4404982-selling-portion-of-your-property/#post-4657516 Sun, 16 Oct 2011 09:46:44 +0000 Here's what I was thinking.  Say you buy a unit for $600,000 then you renovate it to up its value to $700,000.  After this lets you decide to sell a percentage of the property to an investor say $200,000.I was primarily concerned about how does the bank treat this in terms of providing a loan to an investor for partial ownership and does this in…[Read more]

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