PropertyInvesting.com | firewater | Activity https://www.propertyinvesting.com/members/firewater/activity/ Activity feed for firewater. Wed, 15 Apr 2026 00:50:25 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 cc404412447d325937c1be6f32156930 firewater replied to the topic How long does it take to set up a company and Discretionary Trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4408858-how-long-does-it-take-to-set-up-a-company-and-discretionary-trust/#post-4687491 Thu, 28 Feb 2013 09:52:05 +0000 Thanks Terry, I'm happy to hear that its not a difficult process, albeit cumbersome.

I initially was under the (mistaken?) impression that it would be wiser to protect your investment assets by not owning them individually but by a trust that you effectively control. This reduces one's liability should a tenant decide to sue you for an…[Read more]

]]> ced792e2b212eb1f484920f2746beb12 firewater replied to the topic How long does it take to set up a company and Discretionary Trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4408858-how-long-does-it-take-to-set-up-a-company-and-discretionary-trust/#post-4687489 Wed, 27 Feb 2013 22:59:51 +0000 Hi Terry, since we are on the topic of discretionary trusts, could you tell me how difficult it will be to transfer my PPOR onto my trust structure? The bank that I used did not want to loan to a trust and as such, I could only get the loan if my partner and I bought the property in our names. We knew that we were potentially exposing ourselves as…[Read more]

]]> a6b21df3407b9c91baa9d5874e2ea5f5 firewater replied to the topic What proportion of PPQR must be paid down before equity can be used? in the forum Finance https://www.propertyinvesting.com/topic/4408644-what-proportion-of-ppqr-must-be-paid-down-before-equity-can-be-used/#post-4685837 Tue, 05 Feb 2013 21:46:42 +0000 Yes, I'm sure there will be a lot of interest particularly with the rates staying as they are for now. : )

]]> a15b2f53d83302541a3cee177fc6d8e1 firewater replied to the topic Who pays for a valuation to unlock equity? in the forum Finance https://www.propertyinvesting.com/topic/4408655-who-pays-for-a-valuation-to-unlock-equity/#post-4685929 Mon, 04 Feb 2013 23:38:25 +0000 Thanks Jamie. Thinking of a few more questions… : )

]]> 0871400dd209d7573faa80b9e68aa185 firewater replied to the topic What proportion of PPQR must be paid down before equity can be used? in the forum Finance https://www.propertyinvesting.com/topic/4408644-what-proportion-of-ppqr-must-be-paid-down-before-equity-can-be-used/#post-4685835 Mon, 04 Feb 2013 22:01:19 +0000 Thank you Richard. I like the idea of the sub-loan, it would be interesting to see if I can indeed look at the possibility of a 100% loan. Cheers – Firewater

]]> 5ca7ee00ecb795ee4fdd87df0e46a3c7 firewater replied to the topic What proportion of PPQR must be paid down before equity can be used? in the forum Finance https://www.propertyinvesting.com/topic/4408644-what-proportion-of-ppqr-must-be-paid-down-before-equity-can-be-used/#post-4685834 Mon, 04 Feb 2013 21:58:26 +0000 Thank you for the tip N@than. I will definitely look into the IO loan set up and see if it is beneficial. Cheers!  – Firewater

]]> 3532a34491d13236dd6a8790c96104ce firewater replied to the topic What proportion of PPQR must be paid down before equity can be used? in the forum Finance https://www.propertyinvesting.com/topic/4408644-what-proportion-of-ppqr-must-be-paid-down-before-equity-can-be-used/#post-4685831 Mon, 04 Feb 2013 02:01:00 +0000 Hi Jamie, its my PPOR and its an apartment.

Well my plans are flexible. I could do either of the following and be completely over the moon at my growing property portfolio : )

a) Assuming I have to wait at least 4-5 years to unlock my equity, I would buy a house which I would then use as my PPOR. My current property would become the IP; or

b)…[Read more]

]]> 2c195c224fcfd85bf18aae8868e2d9eb firewater replied to the topic What proportion of PPQR must be paid down before equity can be used? in the forum Finance https://www.propertyinvesting.com/topic/4408644-what-proportion-of-ppqr-must-be-paid-down-before-equity-can-be-used/#post-4685829 Sun, 03 Feb 2013 23:10:14 +0000 Whoops! Apologies Jamie! I didn't mean to imply that it was advice. I was just analysing the points raised, that's all.

Currently, I have around $260K loan on a $290k purchase price. As you can see, I haven't paid down much on it yet because its only been about a year since I bought the property.  I believe the property value is now $320K.

The…[Read more]

]]> d9de74ce580309fd4c335b6be854ef06 firewater replied to the topic Interest only or princpal and interest? in the forum Finance https://www.propertyinvesting.com/topic/4408638-interest-only-or-princpal-and-interest/#post-4685752 Sun, 03 Feb 2013 22:20:23 +0000 Good life lesson, make sure you don't mend your own underwear once you become a property millionaire!

Lol! This forum is hilarious!!

]]> 1a319cc04c2a44df5a2ed04f97e08304 firewater replied to the topic Interest only or princpal and interest? in the forum Finance https://www.propertyinvesting.com/topic/4408638-interest-only-or-princpal-and-interest/#post-4685751 Sun, 03 Feb 2013 22:17:19 +0000 YIKES!!

]]> f54c2e02dc3d26a3351ec1f64ab92672 firewater replied to the topic Interest only or princpal and interest? in the forum Finance https://www.propertyinvesting.com/topic/4408638-interest-only-or-princpal-and-interest/#post-4685750 Sun, 03 Feb 2013 22:15:24 +0000 Hi Jamie, could you send me thr link to your article? I'm curious to learn more on the debate.

]]> 4f851e4464f00808a0fa96d2805b9f1f firewater replied to the topic What proportion of PPQR must be paid down before equity can be used? in the forum Finance https://www.propertyinvesting.com/topic/4408644-what-proportion-of-ppqr-must-be-paid-down-before-equity-can-be-used/#post-4685827 Sun, 03 Feb 2013 21:52:26 +0000 Hi Jamie, yes, that seems consistent, though you advise that the percentage to be paid down on your first loan should be about 40% based on your example. So what I'm hearing is a range between 30-40-% paying doown your initial loan…got it.

And thanks for the point on stand-alones. Yup, I would avoid  cross-collateralization …[Read more]

]]> 95e65e3bc0cc0f8629255caca79df74b firewater replied to the topic What proportion of PPQR must be paid down before equity can be used? in the forum Finance https://www.propertyinvesting.com/topic/4408644-what-proportion-of-ppqr-must-be-paid-down-before-equity-can-be-used/#post-4685826 Sun, 03 Feb 2013 21:45:23 +0000 Hi Catalyst,  so you're saying that generally speaking, in order to access equity, one needs the following:

a) at least 30% of the loan for the PPQR needs to be paid up
b) based on this growth, one may be able to obtain an equity loan for about 80% LVR based on the new valuation.

Got it! Yes it does help. Thanks!

]]> 3fd80fcb7be2e70b0e1da11603810ef6 firewater replied to the topic 457 Visa - can we get a loan? in the forum Finance https://www.propertyinvesting.com/topic/4406201-457-visa-can-we-get-a-loan/#post-4666436 Thu, 26 Jul 2012 05:01:46 +0000 A quick thank you to Hank. Hank was very confident I would get my loan of 90% lvr despite being on visa 457. As promised, he followed up on my case, told me straight away why he was confident I could get 90% lvr and ouila! I got my loan approved at 90%, bought my first home below market value (again thanks to Hank’s advice) and I’m moving in next…[Read more]

]]> 385cda0b13a6284a949b006679274171 firewater replied to the topic 457 Visa - can we get a loan? in the forum Finance https://www.propertyinvesting.com/topic/4406201-457-visa-can-we-get-a-loan/#post-4666423 Thu, 29 Mar 2012 04:49:47 +0000 Thanks everyone for your input. Will follow up on the sites cited.

Cheers!

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