PropertyInvesting.com | emilov | Activity https://www.propertyinvesting.com/members/emilov/activity/ Activity feed for emilov. Mon, 13 Apr 2026 15:22:18 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 96409eca81efbf09eff3054c8a930f64 emilov replied to the topic Rick Otton's Massive Passive Pack for Sale in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4398652-rick-ottons-massive-passive-pack-for-sale/#post-4616423 Tue, 08 Mar 2011 14:51:57 +0000 Mate, it’s long gone :), over a year ago.
Cheers, Emil

]]> 5ca5994c14d662fc9164ac2db0825cdd emilov replied to the topic Rick Otton's Massive Passive Pack for Sale in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4398652-rick-ottons-massive-passive-pack-for-sale/#post-4616421 Thu, 25 Feb 2010 03:15:33 +0000 Mate it is. I just sent you an email.Cheers, Emil

]]> 31dbf866028739fdc4d950a396c8d444 emilov replied to the topic Rick Otton's Massive Passive Pack for Sale in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4398652-rick-ottons-massive-passive-pack-for-sale/#post-4616419 Wed, 10 Feb 2010 23:13:39 +0000 Hey :)More info on the course you can find here:http://www.financiallyfree.com.au/massive-passive-pack.htmAs to pricing, well consider how much is it worth to you to have this knowledge at hand. Right now Rick is asking 4500$. I got it for 3500$ back then. You can have it for less. Just make me an offer and we can talk.Cheers, Emil

]]> 0736a7164629dde9f4f7e930735fe377 emilov replied to the topic Rick Otton's Massive Passive Pack for Sale in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4398652-rick-ottons-massive-passive-pack-for-sale/#post-4616417 Wed, 10 Feb 2010 10:43:00 +0000 Andrew hey,Thanks for clarifying (and refreshing the thread ;-) ). While it is true that it concentrates on lease options and sandwich leases, there is a section on wraps in there. Also, the recommended layers do know how to draw up an agreement for a wrap.Cheers, Emil

]]> 7cd7f4da1f9c13102c2a20365a7cbc1f emilov replied to the topic Need 5k to Finish House Renos in the forum General Property https://www.propertyinvesting.com/topic/4391637-need-5k-to-finish-house-renos/#post-4578477 Tue, 11 Dec 2007 09:13:45 +0000 Ok then,I'll give you a call tomorrow :)Cheers,Emil

]]> 34a9f18328c1a8f4126466ca68a7f8e7 emilov replied to the topic Need 5k to Finish House Renos in the forum General Property https://www.propertyinvesting.com/topic/4391637-need-5k-to-finish-house-renos/#post-4578475 Tue, 11 Dec 2007 07:22:56 +0000 Hi Richard,It's in Sunnybank Hills, QLD. Why?Cheers,Emil

]]> 13cd2a208cf9c5da0f4c295e1f74b281 emilov replied to the topic Need 5k to Finish House Renos in the forum General Property https://www.propertyinvesting.com/topic/4391637-need-5k-to-finish-house-renos/#post-4578472 Mon, 10 Dec 2007 13:02:36 +0000 Hi Rob,Sorry but what is ge? Is that a lender? Do they have a website or something?Cheers,Emil

]]> 4c895cc1eb27739301a58b44cef9b465 emilov replied to the topic Need 5k to Finish House Renos in the forum Hey thanks for the reply https://www.propertyinvesting.com/topic/4391637-need-5k-to-finish-house-renos/#post-4578470 Mon, 10 Dec 2007 12:07:57 +0000 Hey thanks for the reply :).Any idea which one? I already have one which is maxed out (yeah, everything costs more & takes more time…). So, since I have to tell the (new) credit card company of that they might decline my credit card application and there goes my credit rating down… Any other ideas?Thanks,Emil

]]> 098d917340b365b4c4bd1e636fd73ada emilov replied to the topic Keep the FHOG When Moving to a New House? in the forum General Property https://www.propertyinvesting.com/topic/4390476-keep-the-fhog-when-moving-to-a-new-house/#post-4572261 Tue, 14 Aug 2007 01:35:47 +0000 Short & to the point  Thanks,Emil

]]> cbad1de8dd5bfd02f9505c7bcd88bdfa emilov replied to the topic When Is the Stamp Duty Payable (No Money Down Deal)? in the forum General Property https://www.propertyinvesting.com/topic/4389751-when-is-the-stamp-duty-payable-no-money-down-deal/#post-4568221 Sat, 02 Jun 2007 22:45:35 +0000 Hi Paul,Thank you so much for your interest :).What sort of deal are you offering?(I would have sent you an e-mail but there was no address in your profile. Feel free to answer this over e-mail. My e-mail address: emil@emilov.de)Thanks,Emil

]]> 608aaf955f37fec3f2843ec51491cdd4 emilov replied to the topic When Is the Stamp Duty Payable (No Money Down Deal)? in the forum General Property https://www.propertyinvesting.com/topic/4389751-when-is-the-stamp-duty-payable-no-money-down-deal/#post-4568219 Fri, 01 Jun 2007 04:33:01 +0000 Thanks Richard,I just sent you an e-mail.Cheers,Emil

]]> 4ec7742d597d322231869f1586595c91 emilov replied to the topic When Is the Stamp Duty Payable (No Money Down Deal)? in the forum General Property https://www.propertyinvesting.com/topic/4389751-when-is-the-stamp-duty-payable-no-money-down-deal/#post-4568217 Fri, 01 Jun 2007 02:27:49 +0000 Thanks Richard,Helpful as always :)The problem is, I just found out yesterday that I won't be able to get a 85% low doc because I don't have 2 ( or 1 for that matter) years of ABN. The best low doc I can get, so two MBs told, is 70% which is too low (private sale, owner wants a certain amount in cash).So the above deal can't work for me unless I…[Read more]

]]> 322ea1ca81b2eff1fc25ee9e8d4cf00d emilov replied to the topic Which Bank Account for a Trust? in the forum Finance https://www.propertyinvesting.com/topic/4389339-which-bank-account-for-a-trust/#post-4566534 Sun, 22 Apr 2007 22:05:51 +0000 Aha, let me see if I get that right:So I go to my current lender and ask him for a (new and separate) account for my trust which is to serve as an offset account against the existing loan for my PPOR? Does the trust account need to be something special (like business, money management or whatever else they call it)?Thanks,Emil

]]> 3ebc9319a16bef9284b53309cba617aa emilov replied to the topic Which Bank Account for a Trust? in the forum Finance https://www.propertyinvesting.com/topic/4389339-which-bank-account-for-a-trust/#post-4566532 Sat, 21 Apr 2007 05:57:49 +0000 Hi Guys,Let me clarify, I use Suncorp for my daily stuff (salary & co). I won't be using them as my lender, my MB is currently taking care of finding me the right lender.What I inquired about is an account for my business needs i.e. the wrapee pays into it and I pay my loans out of it. I have a trust now and every prop I wrap will be in that…[Read more]

]]> 27cdb95ae4998d0a9e4e7eb3354e838f emilov replied to the topic Wraps: Serviceability (or the Ability to Buy Many) in the forum Creative Investing https://www.propertyinvesting.com/topic/4389261-wraps-serviceability-or-the-ability-to-buy-many/#post-4566095 Sun, 15 Apr 2007 21:47:43 +0000 Hi Beck,Both ideas sound interesting. Could I trouble you to explain some more? (or alternatively point me to a reliable source of information)Thanks,Emil

]]> b9216e6a1cb165986e32862a4764e7f8 emilov replied to the topic Wraps: Asset Protection / Trusts in the forum Creative Investing https://www.propertyinvesting.com/topic/4389268-wraps-asset-protection-trusts/#post-4566115 Sun, 15 Apr 2007 00:47:29 +0000 Hey Terry,Thanks for the comprehensive answer. I was suspecting it would be something like that.Cheers,Emil

]]> 662a8f61ed32dc1baddb39f39033210f emilov replied to the topic Wraps: Asset Protection / Trusts in the forum Creative Investing https://www.propertyinvesting.com/topic/4389268-wraps-asset-protection-trusts/#post-4566113 Sat, 14 Apr 2007 03:59:38 +0000 Hm, I hadn't though of that. I thought there would be a way with me being her husband and earning he higher salary. Is there no way? If not then we _have_ to create a trust to be able to distribute the income.What are your thoughts?Cheers,Emil

]]> 599ea21790fba0828d9fb7a01ba065c1 emilov replied to the topic Wraps: Asset Protection / Trusts in the forum Creative Investing https://www.propertyinvesting.com/topic/4389268-wraps-asset-protection-trusts/#post-4566111 Sat, 14 Apr 2007 00:12:02 +0000 Thanks Richard :)I was just thinking about the first one or two (which would be on my wife's name because she does not earn that much). For the further props I'd set up a trust but now that I'm starting with not much, every dollar counts.Cheers,Emil

]]> fdd121aaad10ea3bb399d3c2c5bc8cdd emilov replied to the topic Wraps: Serviceability (or the Ability to Buy Many) in the forum Creative Investing https://www.propertyinvesting.com/topic/4389261-wraps-serviceability-or-the-ability-to-buy-many/#post-4566093 Fri, 13 Apr 2007 10:06:26 +0000 Hey Guys,I asked my MB. He won't be disclosing the fact that we're doing a wrap. In fact he said "If you know any bank that would lend for wraps, let me know". So as far as the banks are concerned, I'm going to rent out the property. That is a pity because I'll reach sericeability limits. I hope to have enough deposit then to do low docs. I guess…[Read more]

]]> f7552de16cd53f5cf14b8e34440ab6ec emilov replied to the topic Wraps: Serviceability (or the Ability to Buy Many) in the forum Creative Investing https://www.propertyinvesting.com/topic/4389261-wraps-serviceability-or-the-ability-to-buy-many/#post-4566090 Fri, 13 Apr 2007 05:17:32 +0000 So it's the size (of the portfolio) that matters most?I guess what I'm asking is at which point the bank turns around and starts asking you if you want to borrow some more…Cheers,Emil

]]> f0de13dfc83ee9d11674d63606ee537c emilov replied to the topic Wraps: Serviceability (or the Ability to Buy Many) in the forum Creative Investing https://www.propertyinvesting.com/topic/4389261-wraps-serviceability-or-the-ability-to-buy-many/#post-4566088 Fri, 13 Apr 2007 04:42:33 +0000 Thanks Richard, I'll ask him. I just thought I'd do that in due time i.e. let's get the first deal done first (he's currently looking for the right loan for that).So what if I founded a company for "wrapping business" that acts as a trustee in which the wraps are kept. Would the lenders look upon  this constellation "more…[Read more]

]]> 92d773367039d4529338cc214c20c02a emilov replied to the topic Wraps: FHOG (QLD) in the forum Creative Investing https://www.propertyinvesting.com/topic/4389258-wraps-fhog-qld/#post-4566076 Fri, 13 Apr 2007 04:29:55 +0000 Hm, sounds a bit complicated. I wonder what's the reason for this.So I take it, if the wrapee decides to cash me out before the 12 months and 10% of his contract price has been paid, the FHOG will not be payable, yes?Does that mean that if he decides to get out early he should be able to put in the 7k himself?Should I put a clause in the contract…[Read more]

]]> e6d895a6ebd84d5eaed9a10f022898d4 emilov replied to the topic ABN & Low Doc in the forum Finance https://www.propertyinvesting.com/topic/4389259-abn-low-doc/#post-4566083 Fri, 13 Apr 2007 04:16:20 +0000 Cool, thanks Richard.Would I impose if I asked you to have a look at the new threads about wraps which I posted this morning in the "Creative Investing" section?Cheers,Emil

]]> ddb6c605fa2b660eda8f056b99258566 emilov replied to the topic ABN & Low Doc in the forum Finance https://www.propertyinvesting.com/topic/4389259-abn-low-doc/#post-4566081 Fri, 13 Apr 2007 01:37:24 +0000 Thanks Richard, helpful as always :)Ah, I seem to be getting it. I still do not understand why some lenders insist on ABN though. I mean it's just a number, you can just get it and not do anything with it for years right?And another one: do I NEED an ABN if I just "live off wraps"?Cheers,Emil

]]> ccb55c7f6b7d2b8d0fad91cfa74db8d0 emilov replied to the topic ABN & Low Doc in the forum Thanks Richard :). I'm now https://www.propertyinvesting.com/topic/4389259-abn-low-doc/#post-4566079 Fri, 13 Apr 2007 00:24:01 +0000 Thanks Richard :).I'm now PAYG but at some point I might become self employed (I hope to be able to replace my income with income from wraps/lease options).So, if I just applied for one today, would that have any (negative) ramifications for me? I just want an earlier (ABN) start.Cheers,Emil

]]> 845912f4692d69f463195c8d68d67ea9 emilov replied to the topic No Money Down / 2nd Mortgage in the forum Creative Investing https://www.propertyinvesting.com/topic/4389209-no-money-down-2nd-mortgage/#post-4565809 Thu, 12 Apr 2007 22:58:37 +0000 Hey Terry,Thanks for the answer.I'm currently looking at the possibility to get a personal loan to cover the deposit. I'm currently in the process of creating wrap scenarios which I'll discuss with my mortgage broker. I'll then see what finance options I have available. By the end of next week I'll have applied hopefully. In any case, that 2nd…[Read more]

]]> 0b89c41a24c79c59c5f81a0dc4bdb77f emilov replied to the topic No Money Down / 2nd Mortgage in the forum Creative Investing https://www.propertyinvesting.com/topic/4389209-no-money-down-2nd-mortgage/#post-4565807 Wed, 11 Apr 2007 00:02:38 +0000 Hi Xenia,Thanks for clarifying.So the vendor can take out a second mortgage on a title that is not on his name but on mine? How does that work? How much more interest do they pay for that?What is usual in these cases, do I just cover the vendor's second mortgage payments? How do they make sure that I pay regularly?Cheers,Emil

]]> 2ce8fa81280adff0e518930a1c2d5756 emilov replied to the topic No Money Down / 2nd Mortgage in the forum Creative Investing https://www.propertyinvesting.com/topic/4389209-no-money-down-2nd-mortgage/#post-4565805 Tue, 10 Apr 2007 02:47:18 +0000 Hey Kelly,Thanks for the confirmation. Have you or do you know anybody who has done this successfully?One question I still have (i.e. the vendor will have it): What happens if I as the buyer default? I mean the bank is the first to get their money and then, the vendor gets his from what's left? What if I go bankrupt? (of course I don't intend to…[Read more]

]]> e6dc8b6720109dc97f05fa7f21b11d47 emilov replied to the topic No Money Down / 2nd Mortgage in the forum Creative Investing https://www.propertyinvesting.com/topic/4389209-no-money-down-2nd-mortgage/#post-4565803 Tue, 10 Apr 2007 01:18:26 +0000 Oops, perhaps I should clarify.I'd like to buy with this approach and then sell to wrapee. But forget the selling for now. Let's concentrate on me being the buyer of a property. I want to buy it with no money down.So from what I hear, what I described seems to be possible i.e. the vendor does a "deposit vendor financing" on me for the 20%. He…[Read more]

]]> eb6e54ff171cda8c0ee4aaba3b6c3fe2 emilov replied to the topic @Wrappers (yes you Richard ;)) in the forum Thanks again Paul https://www.propertyinvesting.com/topic/4389192-wrappers-yes-you-richard/#post-4565720 Mon, 09 Apr 2007 22:38:01 +0000 Thanks again Paul :).Cheers,Emil

]]> 4f30fdd5323d3876e3fe9c2325f4eb76 emilov replied to the topic @Wrappers (yes you Richard ;)) in the forum Creative Investing https://www.propertyinvesting.com/topic/4389192-wrappers-yes-you-richard/#post-4565718 Mon, 09 Apr 2007 08:47:01 +0000 Hey Paul,Thank you, you have been most helpful.I'm thinking of getting Rick Otton's wrap pack for starters. Other than that, it's hard to find any decent literature on the subject. Of course I've read Steve McKnight and Craig Turnbull but, at least in the books, they only scratch the surface. What other source of info would you…[Read more]

]]> de46fd1de55e40cfc220b89532a811e9 emilov replied to the topic @Wrappers (yes you Richard ;)) in the forum Creative Investing https://www.propertyinvesting.com/topic/4389192-wrappers-yes-you-richard/#post-4565716 Mon, 09 Apr 2007 01:15:53 +0000 Hey Richard, thanks for the answer.What do you mean with "managed properly"? What is there to manage when a house is sold to a wrapee, I thought he takes care of everything from then on e.g. rates & maintenance? I'd just have to take care of insurance, right?The big unknown for me is the process of reposession. I hardly believe that goes smoothly.…[Read more]

]]> c2ae1cf047d8d3787c1dcf42f8a1be41 emilov replied to the topic @Wrappers (yes you Richard ;)) in the forum Creative Investing https://www.propertyinvesting.com/topic/4389192-wrappers-yes-you-richard/#post-4565714 Sun, 08 Apr 2007 21:58:53 +0000 Hi Paul,Thank you very much for your comments :).You say 300$ per month? How much interest do you charge the wrapee over the interest you are paying? From what I hear 2% is ok. So for a house that cost me 280k@7.5% interest which I sell for 300k@9.5% (both P&I@25 years) that gives me: 2069$ vs. 2621$ equaling 552$ per month positive. Say the wrapee…[Read more]

]]> 493d52473ac65fb60619774b1d08859d emilov replied to the topic How to keep adding to portfolio..... in the forum Help Needed! https://www.propertyinvesting.com/topic/4388699-how-to-keep-adding-to-portfolio/#post-4563466 Fri, 02 Mar 2007 05:43:02 +0000 Hi Fidel,
I’m just a beginner but here is what I’d do (I think 30% deposit is too much):
Situation 1: not enough equity, enough cashflow:
– either wait for equity to build up (maybe 6 months and then revalue)
– or add value by small and cheap renovations paid for with your salary and revalue then (paint etc.)
– or get a 95% loan (sure with…[Read more]

]]> 821a7b9bd521017bda1190bcfdb99378 emilov replied to the topic Difference Bedroom / Study & Reno Advice in the forum Help Needed! https://www.propertyinvesting.com/topic/4388471-difference-bedroom-study-reno-advice/#post-4562417 Sat, 17 Feb 2007 09:14:36 +0000 Thank you both for your comments.
Yes, it would be a small room (2.30×2.30m), but enough for a single bed & desk (or a small wardrobe) I think.

The only problem I have (besides getting a reliable tradesman) is that if I make it a room, where will the people eat i.e. there will be no dining area then. (I personally don’t care because we are…[Read more]

]]> d4090fc47db38db96809aeb3f71a6b88 emilov replied to the topic Difference Bedroom / Study & Reno Advice in the forum No Subject https://www.propertyinvesting.com/topic/4388471-difference-bedroom-study-reno-advice/#post-4562414 Fri, 16 Feb 2007 06:09:11 +0000 Hi Debbie,
Thanks for sharing this info. So could you tell me the difference (in $$ or percentage) between what increase in value I could expect when adding a 4th bedroom or adding a study? How “valuable” is a study?

Cheers,
Emil

]]> b1c2be14759efd2dd60853fc8d7d2ffe emilov replied to the topic Difference Bedroom / Study & Reno Advice in the forum Help Needed! https://www.propertyinvesting.com/topic/4388471-difference-bedroom-study-reno-advice/#post-4562412 Fri, 16 Feb 2007 05:05:43 +0000 Hmm… I myself wouldn’t use the dining area and I won’t miss it. It just sits there, an unused space. And because I’m also planning to add a pergola which would serve as an outdoor dining/whatever area it should be fine, I think.

Another option I considered is to remove the walls of the current dining area completely and thus increase the size…[Read more]

]]> ec38dba53503dc4406e1c32bc7d51436 emilov replied to the topic Difference Bedroom / Study & Reno Advice in the forum Help Needed! https://www.propertyinvesting.com/topic/4388471-difference-bedroom-study-reno-advice/#post-4562410 Fri, 16 Feb 2007 04:53:30 +0000 Cool thanks. I don’t intend to sell. I’m just interested in what the valuer would say. My wife and I personally don’t need that extra room. I’m doing it just because it seems to be an easy/cheap job but it would add good value.

My intention is to move out in a year or two and rent it out anyway.

So, is there somebody in Brissie who can recommend…[Read more]

]]> b9c65aa5416af236845ba79b462fa3a0 emilov replied to the topic Difference Bedroom / Study & Reno Advice in the forum Help Needed! https://www.propertyinvesting.com/topic/4388471-difference-bedroom-study-reno-advice/#post-4562408 Fri, 16 Feb 2007 04:01:14 +0000 Hi Julie,
Thanks for the quick answer.

All other bedrooms have built-ins. But if I added one to the 4th bedroom/study, it would become too small. Now one can easily put a single bed and a desk there.

So, am I right that calling it a “bedroom” would make the house more valuable (“4brm house” then) compared to calling it a “3brm+study”? Is it…[Read more]

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