PropertyInvesting.com | fastainvesta | Activity https://www.propertyinvesting.com/members/fastainvesta/activity/ Activity feed for fastainvesta. Fri, 17 Apr 2026 01:28:13 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 f7813373d9a22ba332b05baaede7ca28 fastainvesta replied to the topic FINANCE STRUCTURE -HELP NEEDED in the forum Help Needed! https://www.propertyinvesting.com/topic/4380969-finance-structure-help-needed/#post-4521480 Sat, 02 Jul 2005 01:36:46 +0000 Just a point in relation to cross colleralisation and record keeping. ONly have two so far, but after several discussions with accountant, decided to set up separate loan accounts (splits) for each property. easier for working out returns and expenses. Adds slightly to costs but worth it if want to keep accurate records for each property.…[Read more]

]]> 95e2d5a5b2139bd1d2a38075cad0419f fastainvesta replied to the topic Both name or one name on Title in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366352-both-name-or-one-name-on-title/#post-4418933 Wed, 09 Jul 2003 05:23:12 +0000 [If you purchase a property in joint names, then the bank views the debt as jointly and severally liable. What this means is that if you borrow $200K then the banks treats it as both of you have borrowed $200K each totalling $400K which will severely impact your future borrowing capacity.

Quote:
Johnd
Don’t think this is right. My understanding…[Read more]

]]> 1dd60085fbc103a70cde82779bdd6918 fastainvesta replied to the topic finance question after hearing from broker in the forum No Subject https://www.propertyinvesting.com/topic/4366118-finance-question-after-hearing-from-broker/#post-4417696 Wed, 18 Jun 2003 10:21:01 +0000 Seems to me like your broker has not stared off the right waay form the beginning – what do you want? what are your plans? how can we help you achieve them?
I agree with Terry and Michael above re cross collaterailsation(i don’t tthionk I got that right)
I had a long discussion with a senior bank oficer about six months ago and I think this would…[Read more]

]]> 245e7b29f8fc48414f6a65417e822140 fastainvesta replied to the topic Lenders - get it in writing... in the forum No Subject https://www.propertyinvesting.com/topic/4366109-lenders-get-it-in-writing/#post-4417650 Tue, 17 Jun 2003 04:41:15 +0000 [:D]Can only strongly support Stuart’s comments about getting pre-approval. As I mortgage broker, I detest telling potential clients that the property they have their heart set on can’t be financed because of x y &/or z. We had a client who spent a lot of money on property inspections etc even after I had told him getting finance would be very…[Read more]

]]> 90caf66a5d75c4e0b3ef79adfc759657 fastainvesta replied to the topic Hidden Costs in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365883-hidden-costs/#post-4416267 Tue, 10 Jun 2003 13:37:30 +0000 Gatby
Try http://www.yourmortgage.com.au/calculators/
there is lots of juck but some good starting points and ideas. For quick estimates I allow 5% also, but then refine it down when we are doing the calculations. If you regularly use a conveyancing solicitor, you should be able to call them and they can do the legals and stamp duty figures very quickly.

]]> 1386d948b0a08aec46229673aa99a87e fastainvesta replied to the topic New in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366032-new/#post-4417141 Tue, 10 Jun 2003 12:16:08 +0000

quote:

Of course, the devil’s in the detail.


Guys, I think it is a great idea designed to make the banks more money. If I own the house and decide to do extensions or renovations, or otherwise add value apart from the natural capital growth, will the bank contribute their share of the costs, including an allowance for my labour[?][?] I think…[Read more]

]]> a337603d115370aaba522139d0945ed1 fastainvesta replied to the topic Transferring balance of home loan to investment? in the forum No Subject https://www.propertyinvesting.com/topic/4366038-transferring-balance-of-home-loan-to-investment/#post-4417190 Tue, 10 Jun 2003 11:33:51 +0000

quote:
Hello,

My dad has two loans, one for the house he is currently living in, and another for an investment property. … Is it possible to transfer the balance of the loan for the house he is living in, over to the investment property loan, and thus negative gear all the interest for that single larger loan?


MalPatti
Check with your…[Read more]

]]> 2755cf330282167fa48cd7eea915d85f fastainvesta replied to the topic Newbie about to take the plunge!!!! in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366017-newbie-about-to-take-the-plunge/#post-4417039 Sun, 08 Jun 2003 11:16:20 +0000

quote:
Which insurer dropped out?

Michael


Michael
there are two general LMI companies plus several owned by and servicing only the bank which owns it.
GEMIS and PMI – they have similar policies but do differ in some significant respects, particularly their upper limits on loan amounts, which should not affect most wrap proposals. BUt if you…[Read more]

]]> 61edcb6eba2d378d786ee48530d84530 fastainvesta replied to the topic To Trust or not to Trust - that is the question? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366001-to-trust-or-not-to-trust-that-is-the-question/#post-4416970 Sun, 08 Jun 2003 11:08:01 +0000 [:D]Thanks guys – sent email to order today[;)][;)]

]]> fb7d73d9bb05f660af5b475492cf00d9 fastainvesta replied to the topic To Trust or not to Trust - that is the question? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366001-to-trust-or-not-to-trust-that-is-the-question/#post-4416960 Fri, 06 Jun 2003 23:52:46 +0000

quote:
Hi Violeta

As I don’t know your accounts this is just speculation, I think maybe you have the wrong accountant. We had an account up until last Sunday when we decided on our way home from the semiinar that he just didn’t fit out plan. So on Tuesday we found a new one, he has actually written a very good book about trusts which I have to…

[Read more]

]]> 2ede41adcb05bdea2932a8abb3c459a3 fastainvesta replied to the topic What the APIM game was all about in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365969-what-the-apim-game-was-all-about/#post-4416791 Thu, 05 Jun 2003 00:10:43 +0000 To steve and anybody who felt as frustrated and p***ed off as I did after the game at not being able settle on a purchase.
That was the Ha Ha for my weekend[:)]
When I got back to my motel room that night I went over the whole game and in fact the weekend. I basically worked out exactly what Steve points out at the top. This can be very…[Read more]

]]> 6d92cc2c5356fcb3a8252e10b7f4c70e fastainvesta replied to the topic Australian Property Investing Masters in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365924-australian-property-investing-masters/page/2/#post-4416448 Mon, 02 Jun 2003 12:20:18 +0000 [:)]Hi all
Just returned to the office today with my head still spinning from the unbelievable weekend with such a powerful group of people. I got about three hours sleep over the weekend and probably wont go to bed tonight – so much to do to get the action plan started. First step – completely rewrite our goals because I previously doubted that…[Read more]

]]> a934fd8716e5d26a6296b0b6fc4a1a66 fastainvesta replied to the topic just start'n in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365936-just-startn/#post-4416550 Mon, 02 Jun 2003 11:56:36 +0000 Congrats to you guys starting to get your thinking caps on. The FHOG is only available if you occupy the home as your principal place of residence within twelve months!!. So why not buy one as your home and the other as the investment.
the FHOG could cover a lot of your costs. Some lenders will even give you 100% with some saving history for an…[Read more]

]]> eb3618013349a6f1b4cc11dfb784ccb0 fastainvesta replied to the topic just start'n in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365936-just-startn/#post-4416549 Mon, 02 Jun 2003 11:52:28 +0000

quote:
Hilary – my understanding is that the FHOG is only avaliable on a property if its your principal place of residence – it can’t be used for an invetment property…

Pete

…Beware of the dreamtakers…

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