PropertyInvesting.com | Dobby | Activity https://www.propertyinvesting.com/members/dobby/activity/ Activity feed for Dobby. Sat, 11 Apr 2026 22:32:32 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 cea4c4f872d4c558f4f82acd5c60d5e7 Dobby replied to the topic I no longer want to be a slave................ in the forum Help Needed! https://www.propertyinvesting.com/topic/4389792-i-no-longer-want-to-be-a-slave/#post-4568413 Wed, 06 Jun 2007 00:29:24 +0000 I am beginning to be swayed by your arguments. I guess it all points to the need to have a balanced portfolio of housing investments i.e. some high growth properties balanced with cashflow positive ones.You argue a good case. I guess my only reservation is that this "housing crash" has been on the cards since 2003 in Australia and since around…[Read more]

]]> 526d05ea13356a3fc357dea551ee8d45 Dobby replied to the topic Benefits of Unit Trust V's Individual Names in JV deal in the forum Help Needed! https://www.propertyinvesting.com/topic/4389799-benefits-of-unit-trust-vs-individual-names-in-jv-deal/#post-4568794 Tue, 05 Jun 2007 22:45:03 +0000 Thanks Terry. Looks like I need to sit down with an accountant. Unless there is a guru accountant out there who can post a clear and succinct breakdown of the pros and cons of unit trusts?

]]> e48af535df05247a868665a66b305824 Dobby replied to the topic I no longer want to be a slave................ in the forum Help Needed! https://www.propertyinvesting.com/topic/4389792-i-no-longer-want-to-be-a-slave/#post-4568410 Tue, 05 Jun 2007 22:41:36 +0000 You are making some key assumptions:1. People won't be able to continue along the debt path of the past – it has to come to a point where they can no longer afford the increasing debt.2. Because of point 1. house prices will eventually have to tumble.With regard to point 1. – what about if banks bring out longer term mortgages like they have in…[Read more]

]]> 3f83e4685dd1eef6206165878e45dc94 Dobby replied to the topic I no longer want to be a slave................ in the forum Help Needed! https://www.propertyinvesting.com/topic/4389792-i-no-longer-want-to-be-a-slave/#post-4568408 Tue, 05 Jun 2007 10:31:34 +0000 Foundation:So you're saying that if you buy a property in an area that has achieved 10%+ average growth over the last 20 years you don't expect that trend to continue?You may as well give the game away now and go top yourself with that attitude! There's being realistic and there's being a cynic – which one are you?I know what you're trying to…[Read more]

]]> 56b9ceddaf496d792d564a472002b015 Dobby replied to the topic I no longer want to be a slave................ in the forum Help Needed! https://www.propertyinvesting.com/topic/4389792-i-no-longer-want-to-be-a-slave/#post-4568406 Tue, 05 Jun 2007 05:21:02 +0000 Sorry – what I meant to say was you could refinance every 2 years as the property prices increase (will take 7-10 to double!).You don't necessarily have to reduce your debt to work less. Provided you have bought well and the properties are appreciating the average 8-10% p.a. the 85% cashflow mortgage will work well. It is more risky than a…[Read more]

]]> 499e5c16cabc109208a586a388cd04a4 Dobby replied to the topic I no longer want to be a slave................ in the forum Help Needed! https://www.propertyinvesting.com/topic/4389792-i-no-longer-want-to-be-a-slave/#post-4568403 Mon, 04 Jun 2007 03:47:55 +0000 You could check out the cashflow mortgage product from investors direct:www.investorsdirect.com.auCan borrow up to 85% at starting lower interest rate and then refinance every 2 years as the properties double. This should give you some extra cashflow.

]]> 2c9488710a49f46d1e53245978fef185 Dobby replied to the topic Benefits of Unit Trust V's Individual Names in JV deal in the forum Help Needed! https://www.propertyinvesting.com/topic/4389799-benefits-of-unit-trust-vs-individual-names-in-jv-deal/#post-4568792 Mon, 04 Jun 2007 03:43:32 +0000 Thanks Mortgageman. Do my other 2 disadvantages also hold true?

]]> 12d77fea2e9f0d4a28d198e89e593e4d Dobby replied to the topic USA Property Investing Manual? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4389436-usa-property-investing-manual/#post-4566990 Thu, 17 May 2007 22:32:03 +0000 Hi Chad,Just about to email you and wondering if there are any spots left for the Sydney US info night?Dobby

]]> dda0a7a2f8573021fa19bccfa665a80e Dobby replied to the topic USA Property Investing Manual? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4389436-usa-property-investing-manual/#post-4566988 Mon, 07 May 2007 01:40:56 +0000 Hi Chad,Sounds great! With the info from the manual and your event I should be well on my way.When and where is the event?Dobby

]]> 2046d0b8391ce34d0f41f9d568a35ba2 Dobby replied to the topic USA Property Investing Manual? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4389436-usa-property-investing-manual/#post-4566985 Tue, 01 May 2007 23:00:40 +0000 Hi World Changer,Thanks for the advice.I went ahead and bought the manual anyway and it seems really good. I am very impressed with the detail and the contacts featured.You are right though – I won't just jump in without doing more research.All in all it's a good introduction to the market and for $33 who can complain?

]]> c67e7ef8ef0dbf98d2eda629ec412422 Dobby replied to the topic $600K St. George No deposit home loan in the forum Finance https://www.propertyinvesting.com/topic/4384862-600k-st-george-no-deposit-home-loan/#post-4544245 Wed, 29 Mar 2006 07:56:51 +0000 Thanks guys for all the advice. I like the idea of the 95/97% loan with the ability to capitalise the LMI. Would there be any early redemption fees on a loan of this type – I plan to have the whole deal done and dusted from purchase to final sale of property and subdivided block in an estimated 12 months.

Life is like a box of chocolates – you…[Read more]

]]> 1cf8a42741fef904f8f789b69588438d Dobby replied to the topic Homes seized in mortgage squeeze in the forum Help Needed! https://www.propertyinvesting.com/topic/4383913-homes-seized-in-mortgage-squeeze/#post-4539290 Wed, 18 Jan 2006 08:18:20 +0000 Raises an interesting quote:

“Is that the truth or did you read it in the Telegraph?”

You can get t-shirts with this on it in a shop accross the road from the Enmore Theatre in NSW.

I would add “A current affair” and “Today tonight” to the t-shirt.

Heard an economist from citibank on ABC radio this morning stating that the media is beating up…[Read more]

]]> 0bc43a679e281ca7cbd95d08b7368d0d Dobby replied to the topic Wrapping @ 200k + in the forum Creative Investing https://www.propertyinvesting.com/topic/4383158-wrapping-200k/#post-4535124 Thu, 05 Jan 2006 06:47:02 +0000 I agree with Grreg. You should always buy below market value as this ensures you have a get out plan if it all goes sour. Always plan on the worst case scenario as the people you are wrapping to are generally not the best at repaying loans, they will miss payments here and there.

Life is like a box of chocolates – you never know what you’re going to get!

]]> b3d5a232e6dbf881ffa6dee5341681a1 Dobby replied to the topic 11 second solution in the forum Help Needed! https://www.propertyinvesting.com/topic/4383543-11-second-solution-13/#post-4537280 Wed, 14 Dec 2005 08:10:55 +0000 It tells you at what price to buy a property so that the gross rental return is roughly 10%. This will ensure you are in positive territory even after all expenses are taken out.

Take the weekly rent and divide it by 2 then multiply by 1000. This is the MAXIMUM price you should pay to maintain positive cash flow. E.g. property rents for $150 a…[Read more]

]]> 8a9f004ec5fee3067c6ce416c5f392ad Dobby replied to the topic Buy it now Or not?Melbourne in the forum Help Needed! https://www.propertyinvesting.com/topic/4383542-buy-it-now-or-notmelbourne/#post-4537267 Wed, 14 Dec 2005 07:56:18 +0000 I would buy it if:

1. You think it is in a suburb that is insulated against downturns i.e. close to major infrastructure, within 10kms of city, large block of land etc.
2. You believe you can add value to the property through renovation, sub-division etc.

Life is like a box of chocolates – you never know what you’re going to get!

]]> 81d610ce8455266643428811269a0229 Dobby replied to the topic Calculating interest in the forum Creative Investing https://www.propertyinvesting.com/topic/4383152-calculating-interest/#post-4535067 Fri, 02 Dec 2005 08:11:24 +0000 You can use Excel to calculate P&I repayments on loans if you are interested:

1. Open Excel.
2. Under the New Workbook menu on the right click on “General Templates”
3. Choose “Spreadsheet Solutions” tab.
4. Choose “Loan Amortization”

Life is like a box of chocolates – you never know what you’re going to get!

]]> 99888c6b4ec8ce8a180e3a2bf5bd37c6 Dobby replied to the topic House Prices World's Highest in the forum No Subject https://www.propertyinvesting.com/topic/4383412-house-prices-worlds-highest/#post-4536657 Fri, 02 Dec 2005 07:58:47 +0000 It’s a simple case of affordability as John Fitzgerald says:

1. Take the median house price and work out the monthly mortgage repayments based on an average 30 year loan.
2. Now take the median household income for the area.
3. Divide 1 by 2 and multiply by 100.

If the % arrived at is above 35% then there is going to be a lot of people hurting…[Read more]

]]> 0b400dff3ce0e823b017e8303533cb05 Dobby replied to the topic chan property investor trust in the forum Creative Investing https://www.propertyinvesting.com/topic/4383360-chan-property-investor-trust/#post-4536356 Thu, 01 Dec 2005 06:58:28 +0000 Good points.

Does the Chan trust have the flexibility to handle both a negatively geared portfolio and a positively geared portfolio within the same structure?

Life is like a box of chocolates – you never know what you’re going to get!

]]> 5dd0ac9fdaac1ddb0c595143eeead74b Dobby replied to the topic Sydney Investment Groups in the forum No Subject https://www.propertyinvesting.com/topic/4383400-sydney-investment-groups/#post-4536599 Thu, 01 Dec 2005 06:53:57 +0000 Hi Ecatt,

There’s one held regularly at Petersham, RSL on Sundays I believe. See:

https://www.propertyinvesting.com/forum/topic/21084.html

Life is like a box of chocolates – you never know what you’re going to get!

]]> 73590f26c1f34fe392bd3f746ac296de Dobby replied to the topic Help me Please in the forum Help Needed! https://www.propertyinvesting.com/topic/4383395-help-me-please/#post-4536580 Thu, 01 Dec 2005 02:03:27 +0000 It depends on if you can still meet the payments to a P&I loan and whether or not you want to buy more property.

If you convert to an I/O loan you should be using the savings in repayments to pay down the loan on a new investment property with an I/O loan (bought in a good growth area or high yielding area). This way you will have more properties…[Read more]

]]> 56e5b6d4c523b800e48b21ee5da55e9b Dobby replied to the topic Property Accountant Newcastle in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4383396-property-accountant-newcastle/#post-4536587 Thu, 01 Dec 2005 01:56:33 +0000 I know of a good mortgage broker in Newcastle who might know of one:

TonyP@alliedaccess.com.au

Here is his phone number:

0414 494 870

Life is like a box of chocolates – you never know what you’re going to get!

]]> 228b756a442db6f65946ca10ecd420e5 Dobby replied to the topic chan property investor trust in the forum No Subject https://www.propertyinvesting.com/topic/4383360-chan-property-investor-trust/#post-4536353 Thu, 01 Dec 2005 01:54:15 +0000 Why not go for a simple family trust?

I skimmed the letter from Michael Yardney and all it basically said was that there were different trusts for different purposes. The majority of people on this site will be going for positively geared property therefore a simple family/discretionary trust would do the job.

I think it’s just a case of trying…[Read more]

]]> 98504e94b1a62e9762e702f257284dfe Dobby replied to the topic Buyer's agent - Anyone heard of "we find houses"? in the forum No Subject https://www.propertyinvesting.com/topic/4383377-buyers-agent-anyone-heard-of-we-find-houses/#post-4536446 Wed, 30 Nov 2005 00:56:07 +0000 Haven’t heard anything about them but we used Hegney Property Advisors in WA and found them to be great.

Life is like a box of chocolates – you never know what you’re going to get!

]]> 2ea341923f14a29a3de63e0d83dba49d Dobby replied to the topic IP minus land component in the forum Help Needed! https://www.propertyinvesting.com/topic/4383370-ip-minus-land-component/#post-4536405 Wed, 30 Nov 2005 00:53:30 +0000 Looks like at best you will get your 100K back in rent over 20 years and then probably have a worthless asset.

Life is like a box of chocolates – you never know what you’re going to get!

]]> 0c5b495e107a70edbbd1c39f74aa02be Dobby replied to the topic Positive Geared USA Investment Opportunities in the forum General Property https://www.propertyinvesting.com/topic/4383348-positive-geared-usa-investment-opportunities/#post-4536208 Tue, 29 Nov 2005 09:02:10 +0000 Hi Quiggles,

Who did you hear the late-breaking news from?

Cheers

Life is like a box of chocolates – you never know what you’re going to get!

]]> 5d68816dc6e8e30ffc45bdf5bab9d7af Dobby replied to the topic WA Property Report in the forum General Property https://www.propertyinvesting.com/topic/4383345-wa-property-report/#post-4536190 Tue, 29 Nov 2005 09:00:11 +0000 Ajax – very interesting report. I tend to think that Perth has hit the peak. But then again when they say that it always has 1-2 years of growth left.

The commentators are always behind the times. If they new everything spot on they would be billionaires themselves!

Life is like a box of chocolates – you never know what you’re going to get!

]]> 94d6dda4f9cb976cb88a92c883f6090c Dobby replied to the topic new in Aus in the forum Help Needed! https://www.propertyinvesting.com/topic/4383369-new-in-aus/#post-4536396 Tue, 29 Nov 2005 08:42:37 +0000 Hi,

I would recommend reading “Seven Steps to Wealth” by John Fitzgerald:
http://www.wealthbuilders.com.au/home/engine.php

Also you should read Steve’s McKnights books available on this website.

I am thinking of doing the reno kings course also:
http://www.renos.com.au

Life is like a box of chocolates – you never know what you’re going to get!

]]> 1f19d6db35ddb0f60967ed88ac947624 Dobby replied to the topic first & investment home advice in the forum Help Needed! https://www.propertyinvesting.com/topic/4383365-first-investment-home-advice/#post-4536381 Tue, 29 Nov 2005 03:10:33 +0000 You should talk to a builder first and determine how long applications take to get through council and also the likelihood that your’s would be approved. This will give you a feel for what can be achieved i.e. extra bedroom or possibly subdividing and building at the back (if this makes sense – rear lane access, battleaxe etc.).

Generally it…[Read more]

]]> dc21527807a4a6229548aa0e245e0a51 Dobby replied to the topic Unit devalues.. in the forum Help Needed! https://www.propertyinvesting.com/topic/4383358-unit-devalues/#post-4536338 Tue, 29 Nov 2005 03:04:16 +0000 One piece of advice I picked up from a Rick Otton free intro seminar in order to sell properties like these is to:

1. Sell the property with you the vendor paying the stamp duty and legals.
2. Also tell the purchaser that you will finance the deposit providing they can qualify for an 80% plus bank loan and you yopurself have at least the…[Read more]

]]> 248ed1fcee5244d76387d59e209fd27d Dobby replied to the topic Where are you buying in the forum General Property https://www.propertyinvesting.com/topic/4383349-where-are-you-buying/#post-4536236 Mon, 28 Nov 2005 14:21:31 +0000 Is anybody looking at Iraq long-term?

Life is like a box of chocolates – you never know what you’re going to get!

]]> 5780179449244f1990cb0e4c88812884 Dobby replied to the topic Positive Geared USA Investment Opportunities in the forum No Subject https://www.propertyinvesting.com/topic/4383348-positive-geared-usa-investment-opportunities/#post-4536206 Mon, 28 Nov 2005 14:19:02 +0000 Interesting topic. I guess you have to do your due diligence in every market. Yields don’t stand alone in a vacuum.

Life is like a box of chocolates – you never know what you’re going to get!

]]> bd8d896af697d60a9fca8eef024ebb6b Dobby replied to the topic Wraps & Big 4 Banks in the forum Creative Investing https://www.propertyinvesting.com/topic/4383151-wraps-big-4-banks/#post-4535059 Mon, 28 Nov 2005 14:17:16 +0000 What the banks don’t know won’t hurt them.

Life is like a box of chocolates – you never know what you’re going to get!

]]> 3793ac51953b20ce01d5e41dba1fe613 Dobby replied to the topic Who is good at stats - capital growth??? in the forum Help Needed! https://www.propertyinvesting.com/topic/4383357-who-is-good-at-stats-capital-growth/#post-4536331 Mon, 28 Nov 2005 14:03:31 +0000 I agree with Michael. Why would you want to buy somewhere that is so small it doesn’t have any stats?

If you are buying just for yield maybe you should look at somewhere a little bigger with a proven re-sale market.

Life is like a box of chocolates – you never know what you’re going to get!

]]>