PropertyInvesting.com | donkey33 | Activity https://www.propertyinvesting.com/members/donkey33/activity/ Activity feed for donkey33. Sat, 11 Apr 2026 07:38:31 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 f3e022f6c932c13853219aabaecae8ba donkey33 replied to the topic Pay off loan or set up offset account? in the forum Finance https://www.propertyinvesting.com/topic/pay-off-loan-or-set-up-offset-account/#post-4620151 Tue, 23 Mar 2010 00:54:10 +0000 Thanks duckster. That was a good read.The way I see it is there is really no difference. I'm very discipline with my cash. The money I pump directly into the loan won't be taken out again unless it is used as a deposit elsewhere which as you said, would still be tax deductible.So, guess I should just go with the more basic loan and get the lower…[Read more]

]]> f66af76998011f4aa76667c004f73a3c donkey33 replied to the topic Not sure where to go from here. Another IP or inject into current? in the forum Help Needed! https://www.propertyinvesting.com/topic/4398982-not-sure-where-to-go-from-here-another-ip-or-inject-into-current/#post-4618388 Wed, 03 Mar 2010 11:05:24 +0000 Thanks. Yes but the banks take into account the current rental income and also the predicted rental income of a new place putting my annual income around 75k. I was told it’s all about being able to service the loan which I can even on a measly wage plus two IP’s.

But, I don’t intend to use what the bank has made available. I’d like to have the…[Read more]

]]> d24eceb179642018e71ee5f91047150d donkey33 replied to the topic A few tax questions on land with the intent of becoming an IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4393978-a-few-tax-questions-on-land-with-the-intent-of-becoming-an-ip/#post-4591708 Mon, 11 Aug 2008 23:28:49 +0000 Thanks.Anyone know of a good Accountant in the South Eastern suburbs (Melbourne) area? Even in the city as I work there.

]]> d059c656c880c61b67a3cf25787a3cbb donkey33 replied to the topic Land size in regards to a rental property in the forum Help Needed! https://www.propertyinvesting.com/topic/4392952-land-size-in-regards-to-a-rental-property/#post-4585871 Tue, 22 Apr 2008 00:17:56 +0000 Thanks Michael. Your help has been great.I actually made a mistake. I took another look at the plans last night and realised that the difference in size is actually 80m2 and not 30m2 like I originally mentioned. Block 1 is 570m2 and block 2 is 650m2. The easement is 3m.Would this change anything? As I've said above, main concern is that once a…[Read more]

]]> 37f3b24c9ae002a949fc260a1dc26a90 donkey33 replied to the topic Land size in regards to a rental property in the forum Help Needed! https://www.propertyinvesting.com/topic/4392952-land-size-in-regards-to-a-rental-property/#post-4585868 Mon, 21 Apr 2008 08:47:04 +0000 Thanks Michael.I'll be working on it so hopefully under the 150k mark. With the land valued at around 180k (smaller land), it should consist of more than 50% of the total cost.I want to start again straight away. Whether that is going for a new rental again or purchasing an already established rental, the sooner the better so a re-valuation will…[Read more]

]]> aa3b8182981bd2191cc4fe4e287998b5 donkey33 replied to the topic Land size in regards to a rental property in the forum Help Needed! https://www.propertyinvesting.com/topic/4392952-land-size-in-regards-to-a-rental-property/#post-4585866 Mon, 21 Apr 2008 02:26:21 +0000 Thanks Michael.I should have mentioned this earlier but land is actually valued at about $30,000 more than those values. That's just my portion that I am taking but it's still $15,000 I suppose.What you have said has all made sense so far. That extra 15k could effectively be a deposit elsewhere. You just don't see it like that when considering a…[Read more]

]]> bbd8d8e8aa320cbfd93b1261fa9b11f6 donkey33 replied to the topic Land size in regards to a rental property in the forum Help Needed! https://www.propertyinvesting.com/topic/4392952-land-size-in-regards-to-a-rental-property/#post-4585864 Sun, 20 Apr 2008 09:11:19 +0000 Thanks Michael.Smaller block with easement is $145,000. Larger with no easement is $160,000.New Estate so all blcoks are vacant at the moment. They all went on the market (22 blocks) and sold out within a week so the popularity is there.For the short term, no chance of dual occupancy so only single for now.

]]> 0dc5eaea5b626159da31db8a84733093 donkey33 replied to the topic Land size in regards to a rental property in the forum Help Needed! https://www.propertyinvesting.com/topic/4392952-land-size-in-regards-to-a-rental-property/#post-4585862 Sun, 20 Apr 2008 01:07:33 +0000 Thanks.How about property value? Would it influence that because equity in this will play a big part in my next purchase.As I said all along though, don't plan to sell for a while. Won't redevelop as units as it's an Estate and not allowed. Keeping long term as a 4 bedroom house as I know it will last.I can't remember how big the easement is. I…[Read more]

]]> ba17e25f1f193d34810d72437b75c8d2 donkey33 replied to the topic Am I stupid for starting too big? in the forum General Property https://www.propertyinvesting.com/topic/4392202-am-i-stupid-for-starting-too-big/#post-4582233 Mon, 04 Feb 2008 21:58:55 +0000 Yeah, thanks.Personally, I'm not in it for a quick buck. This property will be kept for a long time (hopefully) because I know how good the builder so I know this property will be very sound and not have the associated problems that come with a cheaply built property.I guess everyone is right in regards to that if it works financially, why not do…[Read more]

]]> 7a545014057a24633bbc4f8e66c85f76 donkey33 replied to the topic Am I stupid for starting too big? in the forum General Property https://www.propertyinvesting.com/topic/4392202-am-i-stupid-for-starting-too-big/#post-4582231 Mon, 04 Feb 2008 11:39:50 +0000 Oh yeah, I'm very positive. If all goes according to plan, I should be able to go right into buying another property based on the instant equity the property will give me. I got a discount on the land and a relative is a builder and I'll behelping so the house should be a lot cheaper to erect also.My main concern was I was wondering if anyone had…[Read more]

]]> 603e20228895509b0064df43e9b15b69 donkey33 replied to the topic How did you get started? in the forum General Property https://www.propertyinvesting.com/topic/4391990-how-did-you-get-started/#post-4581003 Tue, 22 Jan 2008 01:55:16 +0000 I'm thinking that is the way I need to go. Look for the cheapest property just to get me started. I know once I start I'll be hooked and it'll get easier and easier.What do people think of Pakenham? 1 hour East of Melbourne.I've been told that I might be able to get a cheaper property down there and with the new Pakenham bypass opened, maybe that…[Read more]

]]> 1abb73ad3b0c0ccaf2f47bb78c20cd9c donkey33 replied to the topic How did you get started? in the forum General Property https://www.propertyinvesting.com/topic/4391990-how-did-you-get-started/#post-4581000 Fri, 18 Jan 2008 00:34:01 +0000 Thank you everyone for your insights. I guess I'm having trouble because like everyone says, the first one is the hardest.I just want to make the most of moving back into home. My biggest hurdle now which I have to work through myself is what is feasible for my situation. How much I want to spend? What type of loan can I service, etc.Up until now…[Read more]

]]> 59f0480a0cfcacd1e9c823dda2749ea6 donkey33 replied to the topic Do I think this way because I'm inexperienced or is this possible. in the forum Thanks for the replies. I do https://www.propertyinvesting.com/topic/4391980-do-i-think-this-way-because-im-inexperienced-or-is-this-possible/#post-4580962 Wed, 16 Jan 2008 22:14:34 +0000 Thanks for the replies.I do tend to agree with the sentiments above. After posting I just did a bit of research on the internet and I've been reading the same thing so I've kind of cooled on the student accommodation.Also, not jumping into PI just because. It's all a long term goal and something I've been looking at for over a year now. I plan to…[Read more]

]]> 41d133649325aa4c9832b3c37305436f donkey33 replied to the topic First step advice in the forum Help Needed! https://www.propertyinvesting.com/topic/4391427-first-step-advice/#post-4577161 Tue, 13 Nov 2007 02:10:37 +0000 Thank you for the replies.My biggest problem is the initial outlay. I'd love to buy a house on land around the suburbs but the cost of doing that for someone like me is too great. The reason I was looking at apartments was because of the smaller inital outlay.I understand that these inner suburban apartments/student apartments may not appreciate…[Read more]

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