PropertyInvesting.com | ediot123 | Activity https://www.propertyinvesting.com/members/ediot123/activity/ Activity feed for ediot123. Wed, 15 Apr 2026 02:33:17 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 820d01cd234c0c6653c020814708d0fd ediot123 replied to the topic ACT Stamp Duty Exemption - Investment Unit in the forum Help Needed! https://www.propertyinvesting.com/topic/5029326-act-stamp-duty-exemption-investment-unit/#post-5029398 Sun, 04 Sep 2016 00:11:32 +0000 Thank you Terry.

I don’t remember claiming this when I first purchased the property. Do you know where or how I am able to try and claim this back and amend my tax return if possible?

]]> 9f779a2a0933f527d14f9ae7b624c8f2 ediot123 started the topic ACT Stamp Duty Exemption - Investment Unit in the forum Help Needed! https://www.propertyinvesting.com/topic/5029326-act-stamp-duty-exemption-investment-unit/ Fri, 02 Sep 2016 07:13:50 +0000 Hello Guys,

I purchased my first IP back in 2011 which is a unit located in Canberra. I paid approx $5000 in stamp duty at the time.

Needing some help/advice from anyone that knows about investments in ACT and whether I should be claiming the stamp duty back during tax time. Also would like to know more about the leasing details.

I visited my…[Read more]

]]> 35c036b3e54da0f2281f7298eac1e9b4 ediot123 replied to the topic Purchasing property from Department of Housing in the forum Help Needed! https://www.propertyinvesting.com/topic/5018616-purchasing-property-from-department-of-housing/#post-5018668 Thu, 31 Dec 2015 22:21:20 +0000 Thanks for your reply guys. What wouod be the best way to get in contact with the right person to show some interest in the property. Is there an email or number to call for nsw?

]]> 3bf45a8431c378c118327bdc5d61e0a3 ediot123 started the topic Purchasing property from Department of Housing in the forum Help Needed! https://www.propertyinvesting.com/topic/5018616-purchasing-property-from-department-of-housing/ Tue, 29 Dec 2015 11:24:34 +0000 Has anyone had any experience with purchasing a property owned by the department of housing?

A property has become vacant and I am interested to know whether a property that was leased out by the department of housing can be sold off to a private buyer.

I am keen to find out how easy or difficukt it is to buy from the department of housing and…[Read more]

]]> 30243a81cdfbc224cfc584c51870ed9f ediot123 started the topic Purchasing property from Department of Housing in the forum Help Needed! https://www.propertyinvesting.com/topic/5018616-purchasing-property-from-department-of-housing/ Tue, 29 Dec 2015 11:24:34 +0000 Has anyone had any experience with purchasing a property owned by the department of housing?

A property has become vacant and I am interested to know whether a property that was leased out by the department of housing can be sold off to a private buyer.

I am keen to find out how easy or difficukt it is to buy from the department of housing and…[Read more]

]]> 352ada0e25637ef25f9776eed57cc004 ediot123 started the topic Selling under co ownership to other partner in the forum Help Needed! https://www.propertyinvesting.com/topic/5010941-selling-under-co-ownership-to-other-partner/ Thu, 30 Jul 2015 01:01:39 +0000 Hi guys,

Just interested to know how to calculate a “buy out” amount if planning to sell my share of an investment property to the other party if ownership is 50/50 and what things to consider and look out for regarding legal, cgt etc.

Any info would be appreciated.

]]> 001fbf90106aeca3b62f67d6014ddbe0 ediot123 replied to the topic Family/Equity guarantor loans - extended family member in the forum Finance https://www.propertyinvesting.com/topic/4998275-familyequity-guarantor-loans-extended-family-member/#post-4998281 Sat, 10 Jan 2015 04:13:31 +0000 I think they are with westpac. Im not 100% sure id have to double check. Would it be westpac by any chance that would allow this?

]]> 93bc87b02db471f213c2d70dc301e43c ediot123 started the topic Family/Equity guarantor loans - extended family member in the forum Finance https://www.propertyinvesting.com/topic/4998275-familyequity-guarantor-loans-extended-family-member/ Fri, 09 Jan 2015 22:52:19 +0000 Hi guys,

Just wondering how difficult it is to get approval for a home loan with having an extended family member (uncle and auntie) being guarantor for your loan. Being equity guarantors only and not for servicability.

I know some banks would assess this on a case by case basis so lets assume everything else is in good order ie. Borrowers…[Read more]

]]> a79d320de38cf8c6efc8f09d591a70a2 ediot123 replied to the topic Using credit card to reduce interest repayments in an offset in the forum Creative Investing https://www.propertyinvesting.com/forums/topic/using-credit-card-to-reduce-interest-repayments-in-an-offset/#post-4700405 Tue, 08 Apr 2014 07:18:21 +0000 Thank you for the reply guys. Very interesting.
The dark knight- how are you managing to do this without incurring fees onyour cc? Are u transferring the $$ to your offset using the eftpos machine?
Would love to know that this works lol

]]> 8a398c01db4acdf5ea471d452216f9e9 ediot123 replied to the topic *Help needed ASAP* Deposit left as "Expression of Interest" on a property in the forum Help Needed! https://www.propertyinvesting.com/topic/4408006-help-needed-asap-deposit-left-as-expression-of-interest-on-a-property/#post-4680247 Thu, 01 Nov 2012 02:09:21 +0000 Thank you JacM, a lesson (expensive one) well learnt today.

]]> b8dc30006a62f0db388fcab5f1c2ce3e ediot123 replied to the topic *Help needed ASAP* Deposit left as "Expression of Interest" on a property in the forum Help Needed! https://www.propertyinvesting.com/topic/4408006-help-needed-asap-deposit-left-as-expression-of-interest-on-a-property/#post-4680244 Thu, 01 Nov 2012 01:22:08 +0000 My partner has signed what I thought to be just a purchase offer. However I'm afraid it may be the actual contract.

Is a purchase offer, same as signing a contract? – Does this mean this contract is now binding?

]]> 0eae0ebd0311f498415551774441f752 ediot123 replied to the topic *Help needed ASAP* Deposit left as "Expression of Interest" on a property in the forum Help Needed! https://www.propertyinvesting.com/topic/4408006-help-needed-asap-deposit-left-as-expression-of-interest-on-a-property/#post-4680243 Thu, 01 Nov 2012 01:20:21 +0000 Did you seek legal help or terminated the contract with a written letter on your own?

]]> 8b66835b7a24ea9e6c0fe563eecc500b ediot123 replied to the topic *Help needed ASAP* Deposit left as "Expression of Interest" on a property in the forum Help Needed! https://www.propertyinvesting.com/topic/4408006-help-needed-asap-deposit-left-as-expression-of-interest-on-a-property/#post-4680242 Thu, 01 Nov 2012 01:19:42 +0000 Same thing happened with us. The REA told us to show that we were serious buyers. How did you get out of the contract?

]]> 87e8e46cac4b92e88ef866a36459f1bb ediot123 replied to the topic *Help needed ASAP* Deposit left as "Expression of Interest" on a property in the forum Help Needed! https://www.propertyinvesting.com/topic/4408006-help-needed-asap-deposit-left-as-expression-of-interest-on-a-property/#post-4680239 Thu, 01 Nov 2012 00:25:39 +0000 The seller has accepted our offer. How do we withdraw without losing our deposit

]]> 38798193c07dc9a8a4a60f462f53a0f8 ediot123 replied to the topic Working in Real Estate - Management Programs in the forum Thanks so much for the info https://www.propertyinvesting.com/topic/4406180-working-in-real-estate-management-programs/#post-4666200 Thu, 12 Apr 2012 01:45:16 +0000 Thanks so much for the info IP Freely. Your info has certainly given me a clearer understanding of what to expect.

If you dont mind me asking you what suggestions/advice could you give to taking up either the “agency” training or going through REI to get started in real estate.

Or what other options are available?

Thanks for your time

]]> bb483ec4cee55d6065bd4e8ac7be8d94 ediot123 replied to the topic Working in Real Estate - Management Programs in the forum General Property https://www.propertyinvesting.com/topic/4406180-working-in-real-estate-management-programs/#post-4666198 Tue, 10 Apr 2012 01:51:10 +0000 Thank you for your input on this V8ghia. It does sound very interesting and I am thinking of applying for one of these training courses. I am very keen to get started in the property industry and I think this would be a great opportunity.

If anyone has any more details or input into these training courses please feel free to share. Would love to…[Read more]

]]> 31ddff51a2e86e74c12b4e06498bb8e9 ediot123 replied to the topic Working in Real Estate - Management Programs in the forum General Property https://www.propertyinvesting.com/topic/4406180-working-in-real-estate-management-programs/#post-4666196 Sun, 01 Apr 2012 10:14:24 +0000 Sorry for the confusion guys.

I was actually referring to the real estate sales programs. See link below.
http://realestatejobsearch.com.au/careers.php?work=Sales

Is anyone able to provide some more info into what is involved and what is expected if you were to be selected.

Also any personal opinions welcomed.

Thanks

]]> cb343d9ebdae994cda7fd0dd8538a620 ediot123 replied to the topic Residex Top 100 Suburb Report for Sydney Latest Release in the forum General Property https://www.propertyinvesting.com/topic/4400324-residex-top-100-suburb-report-for-sydney-latest-release/#post-4626765 Mon, 13 Sep 2010 23:04:33 +0000 Anyone have the most recent report?Would love a copyAlso would like to know what other subscription services do people use and can recommend?

]]> f38ee7f771efe023fbd09c7689dc46bb ediot123 replied to the topic CGT on IP if you are not working in the forum Help Needed! https://www.propertyinvesting.com/topic/4400959-cgt-on-ip-if-you-are-not-working/#post-4630341 Tue, 24 Aug 2010 04:09:15 +0000 Thanks guys. Makes alot more sense now.For some reason I've always thought that any capital gains will be taxed at your current tax rate. So If you are currently taxed at 30% for your salary, then this capital gains will only be calculated at 30% and not added together with your salary and any other income you earn.Sorry for the confusion and…[Read more]

]]> 54ad2ddc0d6939fb9b40ecd3f9b6b5f4 ediot123 replied to the topic Asking about Family Trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400653-asking-about-family-trust/#post-4628606 Tue, 24 Aug 2010 01:58:33 +0000 Terryw wrote:
There is nothing really out there like that. You will need to see a solicitor and/or accountant to see what would work for you.try trustmagic.com.au for some infotaxlawyer.com.auOr you can buy the expensive http://www.taxinstitute.com.au/publications/new-trust-structures-guide-2010

Thanks Terry

]]> f9160573573b22beeabe8940d77ed424 ediot123 replied to the topic Asking about Family Trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400653-asking-about-family-trust/#post-4628604 Tue, 24 Aug 2010 01:37:20 +0000 What is a good website I can visit to get more information on trusts and how it can work in property.Preferably something with diagrams to show how the trust structure would be setup etc…Thanks

]]> 7bfb6e9ce4ad8d9c1e9370ab959ea1f2 ediot123 replied to the topic CGT on IP if you are not working in the forum Help Needed! https://www.propertyinvesting.com/topic/4400959-cgt-on-ip-if-you-are-not-working/#post-4630338 Tue, 24 Aug 2010 01:35:03 +0000 Thanks for the comments guys.No centrelink payments were received.So if I did not receive any income for the tax year, I will be taxed 0% on the $50K? – So no tax?Or am I missing something….

]]> c6009d631024f00eecc359233061c1ee ediot123 replied to the topic Positive cashflow question in the forum General Property https://www.propertyinvesting.com/topic/4400705-positive-cashflow-question/#post-4628913 Mon, 02 Aug 2010 00:52:23 +0000 Thanks for your response guys.I would have based my calculations on a 100% loan + ALL costs as well. It is quite challenging finding a property that is +CF when considering 100% loan + ALL costs.Just wasn't sure what people mean when they mention that they've found a "bargain" or +CF property, when in reality they've bought it on (using c…[Read more]

]]> a6edcea2850e2bd2d8171a413b46daa1 ediot123 replied to the topic Accountant In Sydney in the forum General Property https://www.propertyinvesting.com/topic/4400500-accountant-in-sydney-4/#post-4627751 Fri, 09 Jul 2010 03:10:21 +0000 Any recommendations for south west sydney?

]]> a2a1b0df0145d7df576cb21f0ddc0e0c ediot123 replied to the topic Property Investment course in the forum Heads Up! https://www.propertyinvesting.com/topic/4400417-property-investment-course/#post-4627319 Mon, 05 Jul 2010 00:38:52 +0000 Damn, missed out on this.Anyone know of any other property investment courses out there in the near future??Free and paid seminar/courses…..

]]> 797fee95343853eab761c32f102b5921 ediot123 replied to the topic Conveyancing Lawyer - ACT & NSW located in the South West Sydney in the forum Help Needed! https://www.propertyinvesting.com/topic/4400441-conveyancing-lawyer-act-nsw-located-in-the-south-west-sydney/#post-4627452 Fri, 02 Jul 2010 03:50:07 +0000 Thank you for the quick replies guys, any good recommendations who will look after ACT property?

]]> 59d09cf79b6518617f1c2b7d17b8f4eb ediot123 replied to the topic Residex Top 100 Suburb Report for Sydney Latest Release in the forum General Property https://www.propertyinvesting.com/topic/4400324-residex-top-100-suburb-report-for-sydney-latest-release/#post-4626757 Fri, 25 Jun 2010 04:00:01 +0000 What format does the report come in?Booklet, pdf etc?Wouldn't mind paying abit for this report.

]]> 11468879fe7070374a044b6034d9bb0e ediot123 replied to the topic Applying for mortgage with Credit Card in the forum Finance https://www.propertyinvesting.com/topic/4399289-applying-for-mortgage-with-credit-card/#post-4620483 Tue, 30 Mar 2010 06:01:44 +0000 Apart from having more for the initial deposit, what other advantages would taking a personal loan out before applying for a mortgate create.Also what disadvantages? – I know there is probably more cons than there are pros in this case.Would love to hear your opinions

]]> f5071287966e2f8fe77b5258234e146b ediot123 replied to the topic Applying for mortgage with Credit Card in the forum Finance https://www.propertyinvesting.com/topic/4399289-applying-for-mortgage-with-credit-card/#post-4620481 Tue, 30 Mar 2010 00:26:11 +0000 Thanks Number 8. Sounds like you did real well on that purchase. So what you are saying is you actually opened up a credit card account and used it as a deposit for your third IP?Was the interest lower on your CC than it was on the mortgage?Or am I missing something?

]]> 2937ea09279275532ae367f5b4790136 ediot123 replied to the topic Applying for mortgage with Credit Card in the forum Finance https://www.propertyinvesting.com/topic/4399289-applying-for-mortgage-with-credit-card/#post-4620478 Fri, 26 Mar 2010 23:49:39 +0000 That's great information Matt. Thanks for your help on this.

]]> 189a92b64da45727817066938b02c6f9 ediot123 replied to the topic Cashflow games - Sydney, Central Coast, Newcastle in the forum Creative Investing https://www.propertyinvesting.com/topic/4395502-cashflow-games-sydney-central-coast-newcastle/#post-4599788 Tue, 10 Nov 2009 01:26:17 +0000 I played both the 101 and 102 electronic versions on computer a while ago. I bought it off ebay for about 8 bux or something (Im sure you can still get it). It's a dodgy copied version but works a treat.I found the game quite basic and only lasted me a week or so before it got boring. You dont have to do much to get out of the rat race as RK makes…[Read more]

]]> 2a24677874453a515c9e1d25c61d2c7d ediot123 replied to the topic Home Loan With Credit Default in the forum Finance https://www.propertyinvesting.com/topic/4397731-home-loan-with-credit-default/#post-4611213 Sat, 07 Nov 2009 22:23:29 +0000 Thanks for the info guys. You are always great help.Would it be best for me to rush in before the government grants expire? Or would it be best to wait until my default has cleared (March next year) from my file before applying for a loan.I know this has probably been talked about in earlier posts somewhere, but what are the current government…[Read more]

]]> 451bae4982a300ea3a333c1311c4dfbf ediot123 replied to the topic FHOG Can it be used buying an investment property in the forum Finance https://www.propertyinvesting.com/topic/4396642-fhog-can-it-be-used-buying-an-investment-property/#post-4606077 Sat, 07 Nov 2009 22:18:46 +0000 Hi Guys,Sorry to go slightly off topic here, I posted something similar yesterday but haven't got the answer to yet.Which would be the better option though. If you are using the property for investing purposes but had to live in it for 12 months, you are losing out on 12 months rental income plus all your tax deductions.Would it be worth it going…[Read more]

]]> 05b7729bed0f8a139f7bb81b561b6275 ediot123 replied to the topic Newbie at Investment Property in the forum Help Needed! https://www.propertyinvesting.com/topic/4396938-newbie-at-investment-property/#post-4607593 Fri, 25 Sep 2009 00:39:23 +0000 Qlds007 wrote:
2) If you intend to purchase a new PPOR next year then you do not want to pay down the current loan and I woul dbe switching it to an interest only loan with 100% offset account linked to it now.

Just a quick question regarding the above, why is it recommended to have a 100% offset account against the IP when you are paying IO.…[Read more]

]]> 34fdfac25bc78d6b78c00da9fd943653 ediot123 replied to the topic Tax effective investment books in the forum Help Needed! https://www.propertyinvesting.com/topic/4397315-tax-effective-investment-books/#post-4609328 Wed, 23 Sep 2009 05:27:03 +0000 The one I have and reading through for the second time now is one most of you may be aware of."How to legally reduce your tax" by Tony Melvin and Ed Chan

]]> 28fa4a61ba6e5ed54934fb0a9d8cc6fd ediot123 replied to the topic New to Property Investing - Tips/Help With First Home Loan in the forum Help Needed! https://www.propertyinvesting.com/topic/4392836-new-to-property-investing-tipshelp-with-first-home-loan/#post-4585457 Mon, 07 Apr 2008 12:13:49 +0000 Hello everyone,First of all thank you all for replying.hleung – I have not gone to see my bank as yet but figured I should seek some answers to the many questions I have about investing in property before making any appointments with anyone ( So I started here ). With the amount I'm planning to borrow ($150k) I think a unit would be most s…[Read more]

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