PropertyInvesting.com | dj_siek | Activity https://www.propertyinvesting.com/members/dj_siek/activity/ Activity feed for dj_siek. Wed, 15 Apr 2026 02:33:17 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 aedc99c80d37beacaf20f290c7b191e0 dj_siek replied to the topic Refinancing Apartment to purchase House in the forum Help Needed! https://www.propertyinvesting.com/topic/4409091-refinancing-apartment-to-purchase-house/#post-4689190 Tue, 02 Apr 2013 09:06:20 +0000 Hey Jamie, 

Thanks so much for the reply. 

I didn't pay LMI on my apartment. My folks were nice and setup a loan on their own house to help out. But that has all been closed now so I can't access it again. 

How does the 80k loan work? Would that go through bankwest if i stay with them to get that loan against the apartment? (separately). 

We…[Read more]

]]> 500cfa875d341f7507aaaecdb5cdf7ba dj_siek replied to the topic Refinancing Apartment to purchase House in the forum Help Needed! https://www.propertyinvesting.com/topic/4409091-refinancing-apartment-to-purchase-house/#post-4689189 Tue, 02 Apr 2013 09:01:33 +0000 HI Shahin, 

New house will be purchased in both our names. That's the plan to use the 150k in the new purchase. But just not sure how to get that (well more sure now thanks to the tips here!)

Just to be clear, I don't have the 150k deposit. Only the equity in the apartment – that's all. 

]]> de7b8c25c5f057549f05edcf3e94f51e dj_siek replied to the topic Refinancing Apartment to purchase House in the forum Help Needed! https://www.propertyinvesting.com/topic/4409091-refinancing-apartment-to-purchase-house/#post-4689186 Tue, 02 Apr 2013 08:39:10 +0000 Hi Shahin, 

thanks for your respone – much appreciated.  here's the answers:

1. First thing to do is change your existing mortgage to Interest Only and have a linked Offset if you haven't done so already.
Have not done this. Never even thought about it. But can certainly look into it. Woudl i do this through bankwest (or the bank i re do it…[Read more]

]]> f0a2bd4dd2c1885060648a6080738796 dj_siek replied to the topic Floorboards in apartment in the forum Help Needed! https://www.propertyinvesting.com/topic/4398754-floorboards-in-apartment/#post-4616993 Mon, 15 Feb 2010 04:56:34 +0000 hey there,

great point thanks Jac.

You’re right tho, about the tenants. My current tenants are great and I’m confident I can weed out the baddies, famous last words hehe.

I was looking at laminate – do u know if this would be the same result in noise compared to wooden floorboards??

Cheers

]]> caf8b0e2c4072b92d85bfbccb1163390 dj_siek replied to the topic Floorboards in apartment in the forum Help Needed! https://www.propertyinvesting.com/topic/4398754-floorboards-in-apartment/#post-4616991 Mon, 15 Feb 2010 01:20:08 +0000 ahh ok could consider that if I totally get rejected.

I am guessing that laminate floors are just as bad as wooden floors..

]]> 40867ead56da58014655870c79a33d2d dj_siek replied to the topic Floorboards in apartment in the forum Help Needed! https://www.propertyinvesting.com/topic/4398754-floorboards-in-apartment/#post-4616989 Sun, 14 Feb 2010 23:09:14 +0000 Hello Jac,

I am a very light sleeper myself, and have been living in apartments for the last 3 years.

The guy above us is quite annoying – he is just not considerate. We only hear the occasional thud when he drops his boots on the floor after coming at 5am sat morning which he does every week and sometimes music when he has a party.

I totally…[Read more]

]]> a6ddeab28d9c1365b68aafbb6a4d937d dj_siek replied to the topic Renting my apartment out for the first time in the forum Hi Duckster. thanks for https://www.propertyinvesting.com/topic/4395961-renting-my-apartment-out-for-the-first-time/#post-4602237 Tue, 14 Apr 2009 02:46:34 +0000 Hi Duckster. thanks for your reply and advice. big help. It would be my contents that is in the apartment. Essentially i will take all the furniture out, but really want to leave the fridge/washer/dryer in there… as they fit perfect and are a hassle to get in and out… even though I was advised against renting a furnished apartment out in that…[Read more]

]]> 8047bc2db08b7f850d8155ba09725a54 dj_siek replied to the topic Heidelberg Heights a good area? in the forum Help Needed! https://www.propertyinvesting.com/topic/4390957-heidelberg-heights-a-good-area/#post-4574892 Thu, 11 Oct 2007 03:43:17 +0000 Hey All thanks for that. I gave it a miss. besides someone offered alot more for teh property than it was worth so good for them! :)

]]> 1357309dd3a6d18352137edc1394bc2f dj_siek replied to the topic 18 month apartment as investment in the forum Help Needed! https://www.propertyinvesting.com/topic/4391015-18-month-apartment-as-investment/#post-4575236 Wed, 03 Oct 2007 04:52:06 +0000 Looks like you got a good deal! This one is asking 319k and im putting an offer in for 307. A one bedroom in same complex sold for 16 gran less than  what they were asking so i know i can get away with it.CheersJoel

]]> c2a33794a4874fb7a55487ea3aad1eb2 dj_siek replied to the topic 18 month apartment as investment in the forum Help Needed! https://www.propertyinvesting.com/topic/4391015-18-month-apartment-as-investment/#post-4575234 Wed, 03 Oct 2007 04:43:28 +0000 Thanks both for your comments. Good tips… If i were to move in and out at later date essentially it would be like a year or so to still get CGT benefits… decisions decisions!Your right tho it is a lifestyle choice!ThanksJoel

]]> b8c5450386372d48d4ecec5521a91707 dj_siek replied to the topic Heidelberg Heights a good area? in the forum Help Needed! https://www.propertyinvesting.com/topic/4390957-heidelberg-heights-a-good-area/#post-4574888 Fri, 28 Sep 2007 02:56:36 +0000 No comments? surely someone knows something…

]]> 933b37b081656fbae241a651c2ac66fd dj_siek replied to the topic Am I borrowing too much? in the forum Finance https://www.propertyinvesting.com/topic/4390685-am-i-borrowing-too-much/#post-4573408 Mon, 03 Sep 2007 23:13:51 +0000 Hi Richard, Thanks for your reply.  So I should be able to get the finance finalised prior to auction – depending of course on the final bid? I will be living in the property for a minimum of 3 years. I will be doing it up and so it should be pretty sweet once im finished hence i'll want to stay there :)Im sorry I dont understand what you mean by :…[Read more]

]]> 8e5cecee0ccba78ffbdd4f314c874ec1 dj_siek replied to the topic Am I borrowing too much? in the forum Hey Matt, Thanks for that. https://www.propertyinvesting.com/topic/4390685-am-i-borrowing-too-much/#post-4573406 Mon, 03 Sep 2007 12:28:46 +0000 Hey Matt, Thanks for that. The only other issue I have is the auction has to be unconditional. So whilst I can get a pre approval – the actual approval wont occur until i actually buy the property and the bank does an evaluation on it. Is there anyway i can ensure its fully approved prior to auction? So i can bid unconditionally? Cheers

]]> 73beacb1c5f977beed22e5345ee95f0d dj_siek replied to the topic 1 bedda or 2 bedda for my situation? in the forum Help Needed! https://www.propertyinvesting.com/topic/4390516-1-bedda-or-2-bedda-for-my-situation/#post-4572481 Thu, 23 Aug 2007 04:53:58 +0000 Hey again – i have another alternative… to buy with my sister- which i hav ea great relationship with. We could get someting worth 500k between us give or take 20k. . But then i have to divide the profit by half… what do you think?

]]> 20fbc7e8663db162a523fbe93d6282d1 dj_siek replied to the topic 1 bedda or 2 bedda for my situation? in the forum Help Needed! https://www.propertyinvesting.com/topic/4390516-1-bedda-or-2-bedda-for-my-situation/#post-4572478 Sun, 19 Aug 2007 05:48:22 +0000 Hey Don, I could definately do it up on the weekends. My dad is a builder so i can good tips and do it myself. However id have to find one that wasn't a large block and didn't smell hehe. I like the idea of a 1 bedroom because then its done and its notin the 300 mark. more like 250 for a nice one. Your right tho i could do it up and increase the…[Read more]

]]> 0862ec6e5c756de806ab5ea008244bd6 dj_siek replied to the topic Melbourne off the plan in the forum Help Needed! https://www.propertyinvesting.com/topic/4388907-melbourne-off-the-plan/#post-4564336 Fri, 04 May 2007 06:08:03 +0000 hey all, thanks for your comments above. I guess the reason I'm looking at buying off the plan is because in two years (when the complex is finished) i will be better off financially less in debt and be earning alot more at my work. I guess there is no gaurantee that the price will go up in the apartments… if they go down id die! :). So yeh thast…[Read more]

]]> a06cfd5a835c6ccd9686c75356f4dad6 dj_siek replied to the topic folks house gaurantor in the forum Finance https://www.propertyinvesting.com/topic/4389454-folks-house-gaurantor/#post-4567099 Tue, 01 May 2007 05:35:27 +0000 ok great. It woudl be more like 20% i think. 5% woudln't be enough to get rid of the LMI would it?Cheers

]]> 146e2f54412236b9009ad8b673b2a15e dj_siek replied to the topic folks house gaurantor in the forum Finance https://www.propertyinvesting.com/topic/4389454-folks-house-gaurantor/#post-4567097 Tue, 01 May 2007 04:39:04 +0000 Hi Richard, Thanks for that. So its not a bad thing for mwe to ask for them to do gather? The only problem is they will be selling our home (we've had it for over 20 years) as us kids have all grown up and moved out except me. They will be selling it in the next 2 – 3 years. Not sure what would happen with that loan then? Would it have to be…[Read more]

]]> bcf05b1354ce5d60439fc630d37c0f17 dj_siek replied to the topic form 208 in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4389300-form-208/#post-4566263 Tue, 17 Apr 2007 03:17:41 +0000 Marc, Your brilliant thanks so much for that.  i had no idea you could do that at all! Thanks and Regards,Joel

]]> fe3bf65ca83f0c673f1419fc45295d42 dj_siek replied to the topic interest only (sorry) - does it really differ tho? in the forum Finance https://www.propertyinvesting.com/topic/4389262-interest-only-sorry-does-it-really-differ-tho/#post-4566097 Fri, 13 Apr 2007 05:18:28 +0000 Hi Simon, Well for instance if i go to a standard loan calc on the net. and punch in:Loan Amount: 250KInt: 7.25%Length: 25 yearsFreq: MonthlyRepayment Type: Interest onlyMonthly repayments: $1510.42andLoan Amount: 250KInt: 7.25%Length: 25 yearsFreq: MonthlyRepayment Type: P&IMonthly repayments: $1807.2That extra 300 bucks is not a big monthly diff…[Read more]

]]> 34cf20efc710744c98807b0ff428466f dj_siek replied to the topic Consolidating debt in the forum Finance https://www.propertyinvesting.com/topic/4389232-consolidating-debt/#post-4565953 Wed, 11 Apr 2007 06:13:01 +0000 hey. the loan is in the application process currently. i do have their contact details… hwoever i was on hold for 15 minutes :( hehe. so gave up. thanks so much for your responses ! :)Joel

]]> ced02660948b171b1d8cfe308518bce5 dj_siek replied to the topic folks helping with my first prop in the forum General Property https://www.propertyinvesting.com/topic/4389130-folks-helping-with-my-first-prop/#post-4565359 Wed, 04 Apr 2007 06:33:47 +0000 hey , my gf has nothign to do with it at the moment really. if we're still together later on then we'll do something for sure. (im hoping we will be of course!)i understand blogs point however. cheersJoel

]]> 9e2b581e1e865808c23038bafa5c8ec6 dj_siek replied to the topic folks helping with my first prop in the forum nah the loan wil be 250k. https://www.propertyinvesting.com/topic/4389130-folks-helping-with-my-first-prop/#post-4565354 Wed, 04 Apr 2007 03:24:03 +0000 nah the loan wil be 250k. repayments at around 1450 a month. I have also taking into account utilities etcwhat do u think?

]]> c64ec44d404281d65d6168e6d0101aee dj_siek replied to the topic folks helping with my first prop in the forum General Property https://www.propertyinvesting.com/topic/4389130-folks-helping-with-my-first-prop/#post-4565352 Wed, 04 Apr 2007 01:59:55 +0000 blogs wrote:
Dont mean to offend but you sound like you are living in dream land-you havent been able to save up enough money for a depost so you are going to have to borrow from your parents, you arnt earning enough to pay for the mortgage so have to rent out the spare room yet you think in a couple of years you are going to have so much m…[Read more]

]]> fc13616849b83d4715c02e98745e10b4 dj_siek replied to the topic folks helping with my first prop in the forum ahh looked it up on https://www.propertyinvesting.com/topic/4389130-folks-helping-with-my-first-prop/#post-4565349 Wed, 04 Apr 2007 00:41:37 +0000 ahh looked it up on realestate so simple! I just feel i should offer them soemthing i mean they are retiring in about 3 years and need everything they can get. otherwise the money they give me woudl be earning interest elsewhere… partners or lenders… id say minor partners? hmm. i could survive doing it on my own but id only JUST survive….…[Read more]

]]> e568925da83cf2ceff711da5a0dbf1e1 dj_siek replied to the topic Melbourne off the plan in the forum Help Needed! https://www.propertyinvesting.com/topic/4388907-melbourne-off-the-plan/#post-4564335 Sat, 17 Mar 2007 04:31:15 +0000 HI there, thanks for your advice both of you. I think ill take it on and keep looking. however im still curious to have a look at the melb cent apartment. i have found heaps out there witha car space. actually just went to an auction in hawthorn to check it out (never been to one) was very interesting.

Thanks again

Joel

]]> 4e7a8b00b712c89823a1b96cf8fa3ec3 dj_siek replied to the topic First Purchase Fun in the forum Help Needed! https://www.propertyinvesting.com/topic/4388830-first-purchase-fun/#post-4564011 Tue, 13 Mar 2007 01:03:48 +0000 Hi Terry,

Thanks for that advice.

So i guess my decision ive got to make it if i should either
A. move in for 6 months get bills sent there and move out then rent it. or
B. move in permanatly and rent out a room and just pay the capital gains tax if its applicable at 50%.

Thanks again for your help Terry.

]]> 302404ce2db02a97cbd748e3baec24a5 dj_siek replied to the topic First Purchase Fun in the forum Help Needed! https://www.propertyinvesting.com/topic/4388830-first-purchase-fun/#post-4564007 Mon, 12 Mar 2007 10:20:17 +0000 thanks for that – but what about capital gains tax? is it the same rules?

thanks

]]> 351473377d62dc13906a541f5467c8c2 dj_siek replied to the topic First Purchase Fun in the forum Help Needed! https://www.propertyinvesting.com/topic/4388830-first-purchase-fun/#post-4564005 Mon, 12 Mar 2007 09:47:47 +0000 oh ok interesting. so u rented it for like 11 months for instnace and moved in before 12.

thanks!

]]> 67a8a95eadcf5466303e8ada1063faff dj_siek replied to the topic First Purchase Fun in the forum Help Needed! https://www.propertyinvesting.com/topic/4388830-first-purchase-fun/#post-4564002 Mon, 12 Mar 2007 08:41:51 +0000 thanks Marc,

Would i be exempt from CGT if i moved in and rented a room out if it was a 2 bedroom? That way i am closer to the city and get rent… its win win!

you said:
“It may be better to move in for 6 months (or is it a year?) to satisfy the FHOG regulations, then move out and use it as a rental, thus making the property CGT exempt for up…[Read more]

]]> ef447cb15298e40dd30541acdb281ccb dj_siek replied to the topic Nearly out of uni - Time to join the game! in the forum Help Needed! https://www.propertyinvesting.com/topic/4386965-nearly-out-of-uni-time-to-join-the-game/#post-4555485 Fri, 06 Oct 2006 07:47:44 +0000 yeh ill def consult an advisor… but nearly 1/4 through that book by steve mcknight. such a good read.

I will weigh up weather or not its worth losing the grant. Depends hwo much it costs to live at home less over that period. Im pretty good with excel so i should b ok with the figures hopefully.

Cheers

Joel

]]> 8f4235c6c1c179ed62f77e9eece305ed dj_siek replied to the topic Nearly out of uni - Time to join the game! in the forum Help Needed! https://www.propertyinvesting.com/topic/4386965-nearly-out-of-uni-time-to-join-the-game/#post-4555481 Thu, 05 Oct 2006 10:27:48 +0000 hey duckster,

thanks heaps for your reply. I do plan on doing heavy research indeed. some good advise none the less.

cheers

Joel :)

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