PropertyInvesting.com | Eddy123 | Activity https://www.propertyinvesting.com/members/eddy123/activity/ Activity feed for Eddy123. Sun, 12 Apr 2026 20:40:39 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 38ceb834daefff4793e0c2d3e4e93187 Eddy123 replied to the topic P and I loan in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4410116-p-and-i-loan/#post-4695366 Fri, 11 Oct 2013 13:55:34 +0000 Catalyst wrote:
That is the main reason people go IO and put excess funds into an offset account. If you then take it out all of the loan is still deductible.

What do you mean by when you take it all out it is still deductible? How?

]]> 428ffa3f34f9d9be93c81c253a208ef7 Eddy123 replied to the topic Studio Apartments (less than 50sqm) in the forum Finance https://www.propertyinvesting.com/topic/4406765-studio-apartments-less-than-50sqm/#post-4671235 Tue, 05 Jun 2012 03:38:16 +0000 Hi KirstyL,At some stage I was looking at small apartment for investment both e.t.c. "student accom" & hotel investment. But I find when I walk into a bank they usually will not offer a loan if the apartment is less than 50sq & I hope you're not looking at student aprt because the banks are not very favourable towards them, they see this kind of…[Read more]

]]> ba0f9137090366a9ba454d5d769cb5e0 Eddy123 replied to the topic Blackwater v Emerald in the forum General Property https://www.propertyinvesting.com/topic/4406661-blackwater-v-emerald/#post-4670482 Thu, 24 May 2012 02:28:26 +0000 Hi popelich there have been some discussion about this topic in the forum and i remember someone mentioned in terms of substainbility and location emerald would be a better option. Of course there are other factors to consider when buying in either blackwater or emerald maybe the other forum members can fill you in.

]]> 233785cd2f314b0b0eef263755310ede Eddy123 replied to the topic Use cash from offset or pay into loan and redraw for IP? in the forum Finance https://www.propertyinvesting.com/topic/4406513-use-cash-from-offset-or-pay-into-loan-and-redraw-for-ip/#post-4669210 Sun, 06 May 2012 05:42:12 +0000 Hi Ryallsy, I'm in a similar situation so I thought I'll share some knowledge here. The difference of using equity from your existing PPOR for your IP deposit is that you it will be tax deductible, happy days during tax return. Saying that just to bear in mind usually bank only allow you to pull out equity for your current property valuation less…[Read more]

]]> e97d2a22669e765f1ab6fe3067425188 Eddy123 replied to the topic Funiture package from developer, yes or no? Pros & cons? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406296-funiture-package-from-developer-yes-or-no-pros-cons/page/2/#post-4667350 Thu, 03 May 2012 11:41:09 +0000 Hi Rob, wow 10 years is a long time, I have not gone ahead with the funiture package as I concluded the price was not the best from everyone's opinion.

]]> fd5ce77440cb2d13a7b2918387682d18 Eddy123 replied to the topic RBA drops rates 50 basis points in the forum Finance https://www.propertyinvesting.com/topic/4406475-rba-drops-rates-50-basis-points/#post-4668790 Tue, 01 May 2012 07:47:49 +0000 I was too happy telling everyone about this in office and someone said you'll be lucky enough if the banks hold onto their current rates and not increase them despite what rba rates are, lol.

]]> b908ad0a72440ec5edf6003a60ca35a0 Eddy123 replied to the topic Funiture package from developer, yes or no? Pros & cons? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406296-funiture-package-from-developer-yes-or-no-pros-cons/#post-4667348 Tue, 01 May 2012 01:15:42 +0000 SMY7484 wrote:
EddyLess than 12 months ago, another developer in another estate was offering $12,500 for full furniture package for 2+1+1 villa in Emerald.Of course the quality and the inclusion might be difference from one to another, but doubt that inflation has pushed the furniture price up to roof within 12 months.Cheers.

There is about 5k…[Read more]

]]> b0ef27ec6afe4058f691a0cb4c1ff302 Eddy123 replied to the topic Funiture package from developer, yes or no? Pros & cons? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406296-funiture-package-from-developer-yes-or-no-pros-cons/#post-4667346 Mon, 30 Apr 2012 05:02:43 +0000 thanks for the input too verity01, and yup, once the IP is almost ready for rent, I will source out a reputable PM in that area and ask them whether if I should go furnish or unfurnish.

]]> c5f92627fd5a6bf3987c6a8c4e117504 Eddy123 replied to the topic How to you calculate stamp duty for house & land or off the plan? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406445-how-to-you-calculate-stamp-duty-for-house-land-or-off-the-plan/#post-4668416 Thu, 26 Apr 2012 14:16:15 +0000 Thanks for the input guys, cheers.

]]> 4370c1b7cb402306c22eb765b6aa60d3 Eddy123 replied to the topic How to you calculate stamp duty for house & land or off the plan? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406445-how-to-you-calculate-stamp-duty-for-house-land-or-off-the-plan/#post-4668414 Thu, 26 Apr 2012 12:47:50 +0000 Ok thanks i’ll google some online stamp duty calculator and have a go at them.

]]> c082eac34a88029c1f3c94f2b926d211 Eddy123 replied to the topic How to you calculate stamp duty for house & land or off the plan? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406445-how-to-you-calculate-stamp-duty-for-house-land-or-off-the-plan/#post-4668412 Thu, 26 Apr 2012 12:04:28 +0000 I see so except for vic all all other states uses full purchase price as the figure to calculate stamp duty on OTP regardless of current valuation?

]]> 9ac4024acda7753958769b4e737f8c70 Eddy123 replied to the topic Mortgage Brokers in Queensland in the forum Help Needed! https://www.propertyinvesting.com/topic/4406429-mortgage-brokers-in-queensland/#post-4668338 Wed, 25 Apr 2012 08:00:30 +0000 Yea give Richard a try they're at Kenmore QLD not far from Brissy CBD, he's helping me with an IP purchase in Qld at the moment and have been a great help with his knowledge and quick responses.

]]> 65c861d98705dc0ec0e4cca43012baeb Eddy123 replied to the topic How Much Money Do I Need Saved To Start Investing? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406349-how-much-money-do-i-need-saved-to-start-investing/#post-4667737 Mon, 23 Apr 2012 14:27:31 +0000 Jamie M wrote:
Hi Ozlat – I think I mentioned James from House of Wealth as a good accountant in a previous thread. He's a specialist in IP related stuff and is in Melbourne. Cheers Jamie

Meet James once, seems like a nice guy and he had some IP himself so he knows what he's talking about. Give him a call or drop him an email.

]]> 69e69749f0a7a0d9d296e333fbed49f3 Eddy123 replied to the topic Funiture package from developer, yes or no? Pros & cons? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406296-funiture-package-from-developer-yes-or-no-pros-cons/#post-4667344 Thu, 12 Apr 2012 13:21:59 +0000 thanks another good tip from ya.

]]> 5c2c75c6e8403bb7bb1ef6612e653988 Eddy123 replied to the topic Funiture package from developer, yes or no? Pros & cons? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406296-funiture-package-from-developer-yes-or-no-pros-cons/#post-4667342 Thu, 12 Apr 2012 12:56:05 +0000 ok I think I am going to pass on the funiture package now and think about it when the property is closer to a rentable date and also from what Michael suggested I could possibly be able to get away with furnishing just the required items for the tenants and save myself some money.thanks for all the invaluable comments guys.

]]> 03aa53dc12ff57058e4b0bbb7fecfa19 Eddy123 replied to the topic Funiture package from developer, yes or no? Pros & cons? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406296-funiture-package-from-developer-yes-or-no-pros-cons/#post-4667337 Thu, 12 Apr 2012 06:16:59 +0000 wow you've done really well for a 4/2/2 with $8k, are you able to get decent enough funitures for this amount? No offends just taking some notes here.

]]> dfa682f2929dcc766604bc31066973ee Eddy123 replied to the topic Funiture package from developer, yes or no? Pros & cons? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406296-funiture-package-from-developer-yes-or-no-pros-cons/#post-4667335 Thu, 12 Apr 2012 03:25:12 +0000 Checking out with another local agent waiting to see what he says.Just spoke to a design and funiture package company up in qld and they reckon to get something decent 15k to 20k would be around that mark. The difference is I suppose is that I can have more say in what funiture I want to put it and discuss with the designer but you can't do that…[Read more]

]]> b404065b911c458379552e6c04bb9271 Eddy123 replied to the topic Funiture package from developer, yes or no? Pros & cons? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406296-funiture-package-from-developer-yes-or-no-pros-cons/#post-4667333 Thu, 12 Apr 2012 02:47:09 +0000 JacM,Well the 18k includes all funitures in these areas, Lounge, Dining, the 2 Bedrooms, electrical stuff like tv, fridge, outdoor, kitchen & some cleaning tools, can't really comment on the quality but from the photos they looked decent.Richard,Just spoke to the agent and apparently the developer might be able to include this as part of the…[Read more]

]]> acb7f0c46c83b1cf543762b79eaf75dc Eddy123 replied to the topic Queensland Building Boost Grant 10k - Will it be further extended beyond 30th April? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406225-queensland-building-boost-grant-10k-will-it-be-further-extended-beyond-30th-april/#post-4666660 Fri, 06 Apr 2012 09:18:44 +0000 You'll know soon enough at the end of the month :)

]]> e3ddbb71d69707c59073dcb6f3117a46 Eddy123 replied to the topic Queensland Building Boost Grant 10k - Will it be further extended beyond 30th April? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406225-queensland-building-boost-grant-10k-will-it-be-further-extended-beyond-30th-april/#post-4666656 Mon, 02 Apr 2012 10:03:54 +0000 Agreed, nowadays it getting harder for first home buyers to get their first property, maybe the other states will do something similar too to help the next generation.

]]> 6b989f82fe2727d85a9ce6fc70d23cbf Eddy123 replied to the topic Queensland Building Boost Grant 10k - Will it be further extended beyond 30th April? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406225-queensland-building-boost-grant-10k-will-it-be-further-extended-beyond-30th-april/#post-4666654 Mon, 02 Apr 2012 06:35:36 +0000 Thanks for both the comments guys.If that's the cause isn't that bad news for investors in QLD, well 10k can be a lot for some investors out there I would imagine…

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