PropertyInvesting.com | Elysium-M | Activity https://www.propertyinvesting.com/members/elysium-m/activity/ Activity feed for Elysium-M. Mon, 13 Apr 2026 04:22:26 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 299b0a471b901e572fce8437668fe7f0 Elysium-M replied to the topic 10% + in the forum Help Needed! https://www.propertyinvesting.com/topic/4378326-10/#post-4504202 Fri, 28 Jan 2005 06:30:04 +0000 It’s sometimes also about aggressive (but always courteous) negotiation. If you can’t get the property for a price that would give you the yield you need, then be prepared to walk away.

Cheers
Elysium-M

DIY Residential Property Settlements in WA – the book coming soon! When I can get my act together…

]]> 325ffd87686f51fc082cf0e061a65b0e Elysium-M replied to the topic Who Needs a Property Manager Anyway??? in the forum General Property https://www.propertyinvesting.com/topic/4378090-who-needs-a-property-manager-anyway/#post-4502698 Thu, 27 Jan 2005 17:21:16 +0000 It seems to me that the question of whether to use a property manager is very emotive, and depends on your own personal experiences.

Being in the service industry, and charging clients for my time, I appreciate the amount of running around that property managers do. To me, it’s a bargain. Imagine having to hire a personal assistant to run your…[Read more]

]]> 17add34197ae4f2a2d67e040cb02484e Elysium-M replied to the topic Best way to invest in RE as a group? in the forum Help Needed! https://www.propertyinvesting.com/topic/4378264-best-way-to-invest-in-re-as-a-group/#post-4503916 Thu, 27 Jan 2005 17:08:04 +0000 Hey y’all! I’m back after many months!

I’ve got a few thoughts that I thought I’d share.

Unfortunately, there are lots of different potential structures you could use. And the best structure is…. (you’ll hate me for this) … it really depends on your particular situation.

A unit trust is great because it makes things neat – it’s easy to…[Read more]

]]> e7b0513eba1adbe724a506cac8a454c8 Elysium-M replied to the topic Property in own name or in company or trust? in the forum General Property https://www.propertyinvesting.com/topic/property-in-own-name-or-in-company-or-trust/#post-4463081 Mon, 29 Mar 2004 16:22:59 +0000 Hi guys,

I’m a bit slow on the uptake when it comes to tax. But if you own the IPs in your personal name, and use the companies to collect rent, aren’t you still earning the rent in your personal name? Isn’t it a clear case of tax avoidance, which the anti-avoidance provisions of the tax legislation will catch?

Cheers
E

DIY Residential Property…[Read more]

]]> 646a3c4fa7441b8fd393c896bf44b92e Elysium-M replied to the topic Rent to brothers girlfriend!!!!!! in the forum General Property https://www.propertyinvesting.com/topic/4372085-rent-to-brothers-girlfriend/#post-4461202 Mon, 29 Mar 2004 16:19:07 +0000 Probably defamatory and a breach of the Privacy Act if you add the boyfriend’s name to the database and he wasn’t a tenant under the lease agreement (ie he doesn’t legally owe you any money).

Cheers
Elysium-M

DIY Residential Property Settlements in WA – the book coming soon! When I can get my act together…

]]> f25c9e87e70b74a07229c1d9d64befbf Elysium-M replied to the topic Trusts for one?? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4372350-trusts-for-one/#post-4463709 Sat, 27 Mar 2004 08:07:03 +0000 Discretionary trusts are a great tool for asset protection. But it only works in one direction – if you go under financially, your creditors can’t touch the trust assets. However, if the trust itself is in financial strife, it’s not so easy to cut it loose and wash your hands.

If you’re using a corporate trustee, the directors of the trustee…[Read more]

]]> c76597d7abf856c8e855693fbcdfd87a Elysium-M replied to the topic Need some advice in the forum General Property https://www.propertyinvesting.com/topic/4372296-need-some-advice/#post-4463057 Sat, 27 Mar 2004 08:00:27 +0000 Hi guys,

Read section 12 of the First Home Owner Grant Act (WA).

If you owned any residential property before 1 July 2000, you’re automatically ineligible for the grant – s12(1).

If you never owned any residential property before 1 July 2000, but buy a residential property after this date, owning this property in itself will not disqualify you…[Read more]

]]> 68fdac8857b3314e850f93ee850fed2f Elysium-M replied to the topic Money/Quicken in the forum No Subject https://www.propertyinvesting.com/topic/4372265-moneyquicken/#post-4462822 Sat, 27 Mar 2004 06:46:58 +0000 Been using Money for years. It does the job, and
I think it’s much more affordable than Quicken (I paid around $50).

Setting up stuff is a bit fiddly, but you get the hang of it after a while.

The calculations (eg mortgage amortisation) are not perfect, so probably not so good for keeping track of your wraps. Also, it’s not able to properly…[Read more]

]]> 31d78e6f5aa77fe8583592a4c6c9717a Elysium-M replied to the topic A FLIP in the forum General Property https://www.propertyinvesting.com/topic/4372215-a-flip/#post-4462394 Sat, 27 Mar 2004 06:30:37 +0000 Interesting idea.

Unfortunately, it doesn’t work in WA. There are anti-avoidance provisions in the Stamp Act. It’s quite illegal here.

Will be safer getting an option to buy the property, and selling it to someone else.

Cheers
E

DIY Residential Property Settlements in WA – the book coming soon! When I can get my act together…

]]> 58d41d8a522991a7be393fa318aa404a Elysium-M replied to the topic Need some advice in the forum No Subject https://www.propertyinvesting.com/topic/4372296-need-some-advice/#post-4463052 Wed, 24 Mar 2004 17:37:12 +0000 Hi kbh,

if you buy an investment property, you won’t be able to get the FHOG for that property. However, if you never live in that investment property, you should be eligible for the grant when you buy the next property to live in (assuming that you satisfy all the eligibility criteria).

that is, merely buying an investment property, as long as…[Read more]

]]> b61857bdb4a0321c736d010f7c85c0b0 Elysium-M replied to the topic NO STAMP DUTY WITH FHOG 1ST MAY in the forum General Property https://www.propertyinvesting.com/topic/4371988-no-stamp-duty-with-fhog-1st-may/#post-4460550 Sun, 14 Mar 2004 07:21:27 +0000 Pisces, believe it or not, the eligibility criteria for “first home ownership” under stamp duty laws and under the First Home Owner Grant Act may be different.

I have read the heading of the thread. “FHOG” is an acronym for First Home Owner’s Grant, isn’t it?

Stamp duty and the FHOG are quite different things.

DIY Residential Property…[Read more]

]]> 4e15e18d0571810cc901a7e1bcb2da05 Elysium-M replied to the topic Structuring for JV project in the forum General Property https://www.propertyinvesting.com/topic/4371976-structuring-for-jv-project/#post-4460485 Sun, 14 Mar 2004 04:30:59 +0000 As a first project, keep it simple I say.

Use a company, and sign a shareholders’ agreement setting out how things need to be run, how to exit your investment, and what happens if there’s a deadlock or a default.

But none of us on the forum are qualified financial advisers (otherwise there would have been a disclosure/disclaimer blurb after the…[Read more]

]]> d5e3eebe02ab81b505c52194a16ab3c6 Elysium-M replied to the topic First home buyers grant? in the forum No Subject https://www.propertyinvesting.com/topic/4371971-first-home-buyers-grant-3/#post-4460439 Sun, 14 Mar 2004 04:24:32 +0000 South Australia and Western Australia don’t seem to have changed the laws to introduce the 6 month minimum residency period. But I expect that they will follow suit with the other States shortly.

When you apply for the FHOG, you have to make a written statement that you intent to reside in the property as your PPOR within 12 months.

The States…[Read more]

]]> a7b1f76fe93a852aef6055d34fa8e38f Elysium-M replied to the topic Property Investing in the forum Finance https://www.propertyinvesting.com/topic/4371966-property-investing/#post-4460414 Sun, 14 Mar 2004 04:14:02 +0000 Hi spi, welcome to the forum.

Are you actually asking a question, or just introducing yourself?

Anyway, all the best.

Cheers
E

DIY Residential Property Settlements in WA – the book coming soon! When I can get my act together…

]]> d6687754fec3e4fefcf0275b08ebae18 Elysium-M replied to the topic NO STAMP DUTY WITH FHOG 1ST MAY in the forum General Property https://www.propertyinvesting.com/topic/4371988-no-stamp-duty-with-fhog-1st-may/#post-4460547 Sun, 14 Mar 2004 04:01:49 +0000 Hi smartmoney, when you say “FHOG”, I presume you don’t actually mean the first home owner’s grant? That’s a completely different thing from stamp duty (sorry to anyone who gets annoyed at me pointing out the obvious).

On stamp duty, you’ll need to find out what the transitional provisions are. It’s likely to be either the date the contract was…[Read more]

]]> 05733e1ea0d79a33edd3eaee2f854079 Elysium-M replied to the topic No money....no hope? in the forum Help Needed! https://www.propertyinvesting.com/topic/4371922-no-money-no-hope/#post-4459889 Fri, 12 Mar 2004 02:46:19 +0000 Hey SIS – good on you! And thanks for sharing your inspirational life story.

Sometimes, getting set back in life actually gives you the opportunity to build your financial foundations, because then you won’t be distracted by trying to climb to corporate ladder or getting along in your mundane job.

All the best, and don’t forget the One Minute…[Read more]

]]> 87c6ecf71f0fee42f6a822eca34366d3 Elysium-M replied to the topic Credit cards and investing in the forum Finance https://www.propertyinvesting.com/topic/4371105-credit-cards-and-investing/page/2/#post-4453519 Mon, 08 Mar 2004 17:52:19 +0000 Hi guys,

Like many things in life, if it’s good, nobody notices, and if it’s bad, everyone has a whack at you.

How you establish a “good” credit history is the same. For example, by having a credit card for 5 years, without any defaults recorded on your credit report, gives you a “good” credit history. It shows the bank that you’ve been using…[Read more]

]]> 7902d1d77f3cdc5b62f96b2bf82b11b6 Elysium-M replied to the topic Commonwealth "Platinum Credit Cards" in the forum Finance https://www.propertyinvesting.com/topic/4371733-commonwealth-platinum-credit-cards/#post-4458474 Fri, 05 Mar 2004 06:42:45 +0000 I used to have a 15k limit on my card (if I remember correctly), but halved that because it was looking really bad on my investment property loan applications. That was a long time ago, but I don’t miss the higher limit at all.

I’m quite happy with a lower limit – keeps me away from impulse spending.

E

DIY Residential Property Settlements in…[Read more]

]]> d1222f50f7e7f3f65ccddfdf1c0ab3ae Elysium-M replied to the topic Commonwealth "Platinum Credit Cards" in the forum Finance https://www.propertyinvesting.com/topic/4371733-commonwealth-platinum-credit-cards/#post-4458470 Fri, 05 Mar 2004 04:03:46 +0000 Hey SIS,

What’s the minimum income level you need before you qualify for the CBA plat? That’s usually a good indicator of whether it’s a marketing thing or whether it’s a “true” plat. If it’s a marketing thing, the service levels, and maybe even the benefits, will probably drop off in a few years time, when lots of people switch from gold to…[Read more]

]]> dc48793eadd841cee697408920308c8b Elysium-M replied to the topic Stamp duty first time home buyers in the forum Help Needed! https://www.propertyinvesting.com/topic/4371666-stamp-duty-first-time-home-buyers/#post-4457822 Tue, 02 Mar 2004 16:40:34 +0000 In WA, there’s a conessional rate of stamp duty rebate for home buyers (not just your first home). If you’re a first home buyer, you may also be eligible for a $500 rebate (not to be confused with the Federal Government’s $7,000 first home owner’s grant).

There’s also a concessional rate of stamp duty on mortgages for home buyers.

Given that…[Read more]

]]> 44f6d26f05d96dfcad344ed6140fed2b Elysium-M replied to the topic Help needed with current situation..... in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4371096-help-needed-with-current-situation/#post-4453441 Tue, 02 Mar 2004 16:31:09 +0000 Thanks Red.

E

DIY Residential Property Settlements in WA – the book coming soon! When I can get my act together…

]]> 96db8ed7993f891345860653dd8eb770 Elysium-M replied to the topic Subject to... in the forum General Property https://www.propertyinvesting.com/topic/4371164-subject-to-2/#post-4453882 Sat, 28 Feb 2004 12:58:04 +0000 Hi Melbear – that’s a good thing. Most contracts in WA are drawn up by the vendor’s real estate agent.

Cheers
Elysium

DIY Residential Property Settlements in WA – the book coming soon! When I can get my act together…

]]> 729261af99bc115dc022d874fe7baffc Elysium-M replied to the topic Subject to... in the forum General Property https://www.propertyinvesting.com/topic/4371164-subject-to-2/#post-4453879 Thu, 26 Feb 2004 17:58:19 +0000 Hi guys,

Sorry I’ve been away for a long time – work’s been really busy.

I admit I was being a bit flippant with my earlier post.

The point I’m trying to make is that without clear drafting, the effect of the “subject to” clause may be to postpone the existence of a binding contract until the “subject to” condition is satisfied. This means…[Read more]

]]> a4724201c392737dccbf69297fa6455a Elysium-M replied to the topic Starting a property syndicate in the forum Finance https://www.propertyinvesting.com/topic/4371158-starting-a-property-syndicate/#post-4453828 Thu, 26 Feb 2004 17:40:47 +0000 hi guys.

Publicly offered property syndicates are typically set up in a unit trust-type structure (even though it’s not called a unit trust), because it allows the tax benefits (ie depreciation, amortisation, etc) to “flow-through” to investors.

Sure you can try to do your own prospectus yourself, but any misleading or deceptive statements, or…[Read more]

]]> b5a8a0908b1b71ea575a130429033e68 Elysium-M replied to the topic Help needed with current situation..... in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4371096-help-needed-with-current-situation/#post-4453438 Thu, 26 Feb 2004 17:21:30 +0000 Hi John,

Sorry I haven’t been around for a while – work’s been absolutely crazy. Haven’t had much time to breathe.

Anyway, Noel Whitaker had a great little article in the money section of last week’s Sunday Times (WA) on asset protection strategies. Check it out.

I still feel hesitant about telling you what to do. But if I was in your shoes,…[Read more]

]]> a181bffbacb1368f3f2c5eaaf7da898a Elysium-M replied to the topic Honest Vendor, or not? in the forum No Subject https://www.propertyinvesting.com/topic/4371144-honest-vendor-or-not/#post-4453729 Wed, 11 Feb 2004 12:31:19 +0000 All the best.

Let us know how it goes.

Cheers
Elysium-M

DIY Residential Property Settlements in WA – the book coming soon! When I can get my act together…

]]> bc0cdd0a6fb8137278c69c2b30283d9f Elysium-M replied to the topic Subject to... in the forum General Property https://www.propertyinvesting.com/topic/4371164-subject-to-2/#post-4453876 Tue, 10 Feb 2004 16:01:53 +0000 Many people love using “subject to”. But that’s uncertain.

Is it your offer that is “subject to” something, or is it the contract, or is it settlement?

If it’s your offer that’s subject to the thing happening, can it be accepted by the vendor when it hasn’t happened yet?

What happens if the thing doesn’t happen? Which party has the right to…[Read more]

]]> 7ea15051e9d93ec06bb010e07f0b8cbd Elysium-M replied to the topic Starting a property syndicate in the forum Finance https://www.propertyinvesting.com/topic/4371158-starting-a-property-syndicate/#post-4453810 Tue, 10 Feb 2004 12:33:24 +0000 Start collecting product disclosure statements (they used to be called prospectuses) from all the syndicates currently out there. Have a good read through them, and it’ll give you an idea of what’s involved.

Some of the things you’re going to need are:

1. Australian financial services licence
2. responsible entity (ie trustee) that complies…[Read more]

]]> 10952db92ce3b26ef7313e7c589b5994 Elysium-M replied to the topic PLEASE HELP ME!!!!!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4371160-please-help-me-2/#post-4453848 Tue, 10 Feb 2004 12:26:56 +0000 Hang on – if you’re earning a salary in the highest tax bracket, it means you’re making money!

Why are you getting buried? You’re only ([:)] paying tax on every dollar you earn over $60,000 at 48.5%. That means you get 51.5 cents in the dollar back in your pocket.

Someone who’s in a lower tax bracket will be taking home less money that you…[Read more]

]]> cf8592d37d3d33385d464175b48034b1 Elysium-M replied to the topic Reducing CGT in the forum General Property https://www.propertyinvesting.com/topic/4370890-reducing-cgt/#post-4451951 Tue, 10 Feb 2004 12:24:01 +0000 I think it’s deemed to have been sold to the company at market value, for CGT purposes.

Cheers
Elysium-M

DIY Residential Property Settlements in WA – the book coming soon! When I can get my act together…

]]> 161a0cbca9ba2f85c5d05568a5a253c6 Elysium-M replied to the topic Honest Vendor, or not? in the forum Help Needed! https://www.propertyinvesting.com/topic/4371144-honest-vendor-or-not/#post-4453727 Tue, 10 Feb 2004 05:00:16 +0000 When a company is deregistered, all its assets automatically become owned by ASIC.

It takes quite a while to get ASIC approval to reinstate the company or to approve the transfer of the property to you.

I’d suggest you get your hands on the relevant ASIC fact sheets on deregistered companies.

The other thing is – was the company already…[Read more]

]]> 08fd15ee21cb7c70eebf5d9fcfca4edd Elysium-M replied to the topic limited deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4370621-limited-deposit/#post-4449505 Tue, 10 Feb 2004 04:51:42 +0000 Just remember that your deposit sitting in the agent’s trust account earns zero interest, unless you specifically request for it to be put into an interest bearing account (this should be specified in your offer). Not a big deal with small deposits, but something to think about when you’re putting down 3-10% of the purchase…[Read more]

]]> 3206b04250b539d70020b9adb5c85940 Elysium-M replied to the topic evil in the forum Opinionated! https://www.propertyinvesting.com/topic/4371127-evil/#post-4453651 Mon, 09 Feb 2004 17:53:57 +0000 It’s the love of money that’s the root of all evil. Money in itself is merely a neutral thing, neither evil nor good.

I think the concept “money” in the saying refers to the measure of wealth, whether it be of houses, material things, or how many goats, cows or sheep you have.

Cheers
Elysium-M

DIY Residential Property Settlements in WA – the…[Read more]

]]> e94940f927013f4a0e9892a08aa033a2 Elysium-M replied to the topic limited deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4370621-limited-deposit/#post-4449503 Mon, 09 Feb 2004 17:12:25 +0000 Yep – Chan’s post reminded me of something that I always do – my offers will be on the basis that I only pay the deposit (whatever it ends up being) 7 days after I’m told that the vendor has accepted my offer. That way, I don’t have money tied up when there’s no binding contract, and have to wait for a few days to get the money back from the…[Read more]

]]> 881a074db0c4c27148d11949fc9374e5 Elysium-M replied to the topic Help needed with current situation..... in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4371096-help-needed-with-current-situation/#post-4453430 Mon, 09 Feb 2004 17:09:04 +0000 Hi john, I have to admit I’m a bit reluctant to say yay or nay, because I don’t know your circumstances. For example, what’s your risk profile? Does your work expose you to personal liability? Are you involved in business? Are you a civil servant?

Also, what do you stand to lose? How much would you actually have left over if you sold all the…[Read more]

]]> c960e9b55e2f64cba4bcf331a2f9039d Elysium-M replied to the topic limited deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4370621-limited-deposit/#post-4449501 Mon, 09 Feb 2004 05:24:41 +0000 Hi taleisha,

In my view, it’s a try-on by the vendor’s agent. As Simon said, it’s in the vendor’s and the agent’s interests to get 10% deposit. That way, the agent knows he’s got his commission payment sitting in his trust account, which he can get his hands on immediately at settlement; and the vendor knows that he doesn’t have to chase you for…[Read more]

]]> f7685a7c5e79a3432568edb8a3c34c06 Elysium-M replied to the topic General Questions in the forum No Subject https://www.propertyinvesting.com/topic/4370868-general-questions-2/#post-4451685 Sun, 08 Feb 2004 05:06:55 +0000 Or offer it for sale on this forum…

Oops that would be spam, wouldn’t it? [;)]

Cheers
Elysium-M

DIY Residential Property Settlements in WA – the book coming soon! When I can get my act together…

]]> 1531b5d505cbba9c6067e5da986d2660 Elysium-M replied to the topic What to do next?? in the forum General Property https://www.propertyinvesting.com/topic/4370905-what-to-do-next/#post-4452153 Sun, 08 Feb 2004 04:57:22 +0000 Land tax is unavoidable, unfortunately.

It’s payable on all properties that you own and don’t live in (at least that’s the case here in WA). Putting it into a trust or a company is not going to change things.

Cheers
Elysium-M

DIY Residential Property Settlements in WA – the book coming soon! When I can get my act together…

]]> 963d1080d05296d96ee03197d9a74ec7 Elysium-M replied to the topic Credit cards and investing in the forum Finance https://www.propertyinvesting.com/topic/4371105-credit-cards-and-investing/#post-4453491 Sun, 08 Feb 2004 04:50:13 +0000 Dan, sorry to break the bad news to you – cash advances drawn from your credit card immediately accrue interest at the high credit card rate.

If you find any “high interest” term deposits that will earn you a higher rate of interest than what your credit card is charging you, let me know!

You might also want to do the sums on whether it’s all…[Read more]

]]> 45e3dd62a368799b7832fdabf7472179 Elysium-M replied to the topic Help needed with current situation..... in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4371096-help-needed-with-current-situation/#post-4453427 Sat, 07 Feb 2004 16:21:43 +0000 Sorry john – you’re going to have to cop the stamp duty.

You’re just going to have to do the sums and weigh up all the pros and cons of keeping the properties in your name or transferring them into the trust, and decide whether it’s worth it to incur the stamp duty expense in order to transfer the properties – eg why do you want to transfer them…[Read more]

]]> 14dd7a88f82a6e337ac4bdee20ba70cb Elysium-M replied to the topic GST issue in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4371044-gst-issue/#post-4453132 Sat, 07 Feb 2004 06:12:03 +0000 Sorry James. I don’t know the answer to that question. I expect that if you’re selling the property, you’d pass it on to the buyer (ie the buyer pays you the extra 10% for GST, which you then pay to the ATO); and if you’re buying the property, the GST component simply forms part of your cost base.

There is a way for developers to make some type…[Read more]

]]> 8b87d5031e87ee3be5acd4158f8172f7 Elysium-M replied to the topic GST issue in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4371044-gst-issue/#post-4453130 Sat, 07 Feb 2004 05:31:50 +0000 GST is payable on commercial properties, but if you structure the deal so that the property is sold as a going concern, you won’t have to pay GST.

In order to qualify the property as a going concern, it needs to be sold with everything necessary to conduct the enterprise. You also need specific wording in your contract. Go to the ATO website and…[Read more]

]]> 994475dfb60423242643b68bec58c2f5 Elysium-M replied to the topic What do u class as a millionaire... in the forum General Property https://www.propertyinvesting.com/topic/4370996-what-do-u-class-as-a-millionaire/#post-4452743 Wed, 04 Feb 2004 12:40:46 +0000 I once heard a self-styled millionaire saying that you’re not a real millionaire unless you have at least $1 million in cash and other highly liquid assets, in addition to any other investments you might have.

Cheers
Eylsium-M

DIY Residential Property Settlements in WA – the book coming soon! When I can get my act together…

]]> ff3bb12593c5d9b851ada5c704962f30 Elysium-M replied to the topic owner occupied? in the forum General Property https://www.propertyinvesting.com/topic/4370942-owner-occupied/#post-4452417 Mon, 02 Feb 2004 12:58:13 +0000 As Simon says, and last time I checked, interest rates are the same for owner occupied and investment properties.

Stamp duty on loan docs and land transfers is the same regardless of whether the property is owner occupied.

Insurance may be different. But why would the bank care as long as you’ve got a valid policy?

The only thing I can think of…[Read more]

]]> 357d8e4dbf847dd552731fd09e70af74 Elysium-M replied to the topic loss of friends in the forum Help Needed! https://www.propertyinvesting.com/topic/4370940-loss-of-friends/#post-4452363 Mon, 02 Feb 2004 05:35:40 +0000 Hi Billfromoz,

I know that this is more an opinionated post than something that fits into the “Help Needed” category, but I just wanted to ask some questions.

The impression I get from your post is that it’s aimed at particular forumites. Why is it a problem not to like what somebody else is saying?

Isn’t the notion of a free society meant to…[Read more]

]]> d856f31acceda704c1258f509878c8d9 Elysium-M replied to the topic Overseas Loans in the forum General Property https://www.propertyinvesting.com/topic/4370910-overseas-loans/#post-4452177 Sun, 01 Feb 2004 05:53:33 +0000 To expand on pelican’s post – as a general rule, overseas borrowing commitments should be met out of income in the same currency. So if your mortgage payments are in Japanese yen, and your rental income is in Aussie dollars, then you’ve got a mismatch which exposes you to exchange rate risk.

The big companies mitigate this risk by entering into…[Read more]

]]> ff777251791ed1b9ee22a7573175f037 Elysium-M replied to the topic Hi Im back and what have i learnt? in the forum Opinionated! https://www.propertyinvesting.com/topic/4370486-hi-im-back-and-what-have-i-learnt/page/3/#post-4448348 Sun, 01 Feb 2004 03:34:59 +0000 Hi Chan

Sorry to hear about your lost money.

I personally feel that what happened to you is wrong. Firstly, how in the blue heck can you assess a property without knowing its location and physically inspecting it? Even Steve McK says you need to inspect before you sign.

Secondly, I don’t like this contract by ambush routine. Carparks used to…[Read more]

]]> 2e1608eecaeb6b7ea951ed5328cc1553 Elysium-M replied to the topic General Questions in the forum Help Needed! https://www.propertyinvesting.com/topic/4370868-general-questions-2/#post-4451683 Sun, 01 Feb 2004 03:19:06 +0000 Hi kay,

There’re never enough girls who deserve champagne!

richmond made a very good point earlier in this thread. To build on that point, you also never know when you might no longer be able to afford enjoying yourself. So you gotta enjoy life (in a financially responsible manner, of course).

Cheers
Elysium-M

DIY Residential Property…[Read more]

]]> 619216b9defa4bc6270fb62fb466307e Elysium-M replied to the topic Rental Prices in the forum General Property https://www.propertyinvesting.com/topic/4370924-rental-prices/#post-4452261 Sun, 01 Feb 2004 02:58:23 +0000 Also, check the rental pages in the newspaper. If you read it often enough, that should give you a rough idea of the range of acceptable rent prices for the relevant area.

Cheers
Elysium-M

DIY Residential Property Settlements in WA – the book coming soon! When I can get my act together…

]]> 1163e8b161084e361200f9d31a924a17 Elysium-M replied to the topic Little Help! Property syndicates in the forum Help Needed! https://www.propertyinvesting.com/topic/4370863-little-help-property-syndicates/#post-4451644 Sat, 31 Jan 2004 13:10:49 +0000 Thanks crj

DIY Residential Property Settlements in WA – the book coming soon! When I can get my act together…

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