PropertyInvesting.com | Geddo | Activity https://www.propertyinvesting.com/members/geddo/activity/ Activity feed for Geddo. Mon, 13 Apr 2026 18:53:21 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 9b767e8a562fd4d302546fd595c8c244 Geddo replied to the topic National RP Data subscription with Investor Group in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4408796-national-rp-data-subscription-with-investor-group/#post-4687038 Sun, 26 May 2013 01:01:47 +0000 Hi MattNZ,

Can I still join? Please PM me.

Cheers,

Ged.

]]> 71056dfcb86390978ef8ed2b5d13e317 Geddo replied to the topic Brisbane market in the forum General Property https://www.propertyinvesting.com/topic/4409407-brisbane-market/#post-4691110 Thu, 23 May 2013 21:21:09 +0000 Hi Freckle,

I don't think anyone doubts your intelligence, or ability to source a supportive graph or two, but I am curious as to why you hang around a property site if you don't think it is a good investment. 

I don't think property is as bad as you think. If you buy at the top of the the market in shares or commodities, I think you will be…[Read more]

]]> 3f03854078460bd4a0fadf7856fb2f1b Geddo replied to the topic Suggestions for fencing and screening out neighbour in the forum Value Adding https://www.propertyinvesting.com/topic/4408566-suggestions-for-fencing-and-screening-out-neighbour/#post-4685154 Thu, 31 Jan 2013 11:24:02 +0000 Thanks Jane.

Don't apologise, I certainly didn't build the fence that way, and it completely goes against that of the area.

As the left side of my fence is like the back yard, I thought of keeping that the same height, and then lowering the rest which will open the house a little.

Could you email me a photo of some of the fence style that may…[Read more]

]]> 19c3e842bf02320f1f05742ff4e03ab5 Geddo replied to the topic Suggestions for fencing and screening out neighbour in the forum Value Adding https://www.propertyinvesting.com/topic/4408566-suggestions-for-fencing-and-screening-out-neighbour/#post-4685151 Wed, 30 Jan 2013 23:52:20 +0000 Thanks Daryl.

I enjoyed your article in the latest API mag too. Things look good for BrisVegas!

]]> 00dec8f6959e5df2b99dbea740e8eeec Geddo replied to the topic 30 properties before 25, finance??? in the forum Hi Richard, https://www.propertyinvesting.com/topic/4404268-30-properties-before-25-finance/page/6/#post-4652630 Sun, 27 Jan 2013 12:05:51 +0000 Hi Richard,

Can I please get a copy too? ged.attinger@visy.com.au

Thanks to you and everyone who provides great advise on this site.

Cheers,

Ged.

]]> bed31c304480c093a8aeb7a22f015460 Geddo replied to the topic QLD property, take a loss or not? in the forum General Property https://www.propertyinvesting.com/topic/4408491-qld-property-take-a-loss-or-not/#post-4684256 Fri, 18 Jan 2013 10:41:17 +0000 Aren't they extending the rail out there in the next few years?

As mentioned above, is it costing you much? If you plan to buy another property, then you have to pay stamp duty and all those fees again, so you should keep that in mind.

The Brisbane market is tough but I would hold, as I am with 3 properties. My rents cover me on 2 though, so it…[Read more]

]]> 56e9f4b66dc31c769d8e717760ee6537 Geddo replied to the topic Challenging valuations? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408492-challenging-valuations/#post-4684276 Fri, 18 Jan 2013 10:32:46 +0000 As Shahin said, build a case. I got 3 properties similar, and 1 in worse condition and smaller that had sold for more than mine.

Ask for a different valuer as they sometimes send the same guy to audit his own valuation.

Last resort mention that you will take it to the Financial Ombudsmen – this magically got me a valuation that i wanted!

]]> e7d3f93441f9d5561af65d2b8133aa35 Geddo replied to the topic What Terry said? in the forum General Property https://www.propertyinvesting.com/topic/4408461-what-terry-said/#post-4684037 Tue, 15 Jan 2013 12:40:47 +0000 I agree. It’s good to read some positive comments rather than all the doom and gloom crap.

The reality is that rents are still going up and the prices have got to catch up at some stage.

Hopefully we will all be in a great financial position over the next few years, while all those negative people talk about how they should have bought some…[Read more]

]]> e2692c53b45d7e56e9d91da61383723a Geddo replied to the topic brisbanes new draft city plan in the forum Value Adding https://www.propertyinvesting.com/topic/4408237-brisbanes-new-draft-city-plan/#post-4682210 Sun, 06 Jan 2013 10:07:13 +0000 Thanks Daryl.

Hopefully I may need your assistance in the future!

]]> 8b46e4301500c42656d788296903f18d Geddo replied to the topic brisbanes new draft city plan in the forum Value Adding https://www.propertyinvesting.com/topic/4408237-brisbanes-new-draft-city-plan/#post-4682208 Sun, 06 Jan 2013 00:52:22 +0000 Hi Daryl,

That's great info – Thanks.

Would these new rules apply to all LMR zones and suburbs in the Brisbane City catchment or just specific areas, and are there other considerations like distances to train/bus terminal etc… ?

The areas I'm looking at are Stafford and possibly Albion (A lot more expensive).

Thanks,

Ged.

]]> 887b5ce8c1aa9e69b6c5020c81b86508 Geddo replied to the topic Will a lending institution take an independent prop valuation? in the forum Finance https://www.propertyinvesting.com/topic/4408088-will-a-lending-institution-take-an-independent-prop-valuation/#post-4680896 Thu, 06 Dec 2012 03:07:05 +0000 My experience was that I had to fight the valuation. I presented all comparable sales within 1km. They agreed to review the valuation, problem was they used the same valuer (imagine auditing your own work). He bumped it up by $5K. I asked for another valuer who valued it up another $15K. In total I got another $20K which was 10%, but this all…[Read more]

]]> 5e20b7509cd01c6521f271f00232641d Geddo replied to the topic Should I rent my PPOR?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408199-should-i-rent-my-ppor/#post-4681870 Thu, 06 Dec 2012 02:54:47 +0000 Thanks a lot Les, they are very kind inspiring words.

Yes, i have been reading and absorbing as much as possible.

I guess to this point I am happy with the progress, but you can't help but reflect and think how you would change structures etc…

I guess my next phase is setting up the right financial structure, particularly to allow…[Read more]

]]> 620cf8de46060a17d86b9c383ebfb2aa Geddo replied to the topic Should I rent my PPOR?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408199-should-i-rent-my-ppor/#post-4681869 Thu, 06 Dec 2012 02:46:07 +0000 Hey Terry,

Thanks for your reply….

Yes, the income is incorrect. I estimate she will be paid $41,600 gross, which would work out $36,000 net.

So, taking this into account, the upside of renting looks even more attractive.

]]> fd08e016f1f0d499f93d13299519b928 Geddo replied to the topic Should I rent my PPOR?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408199-should-i-rent-my-ppor/#post-4681865 Sun, 02 Dec 2012 23:41:22 +0000 We would be in a position to buy in around 10-12 months, but this would get us into a house earlier, and potentially save us some money (if my sums are correct)

After reading some articles on this site, I noticed some investors prefer to rent their PPOR rather than buy and live in it as the expenses aren't tax deductible if you live in it. I…[Read more]

]]> 0a7a1aa60bd4da1ae0eda6373a72a98f Geddo replied to the topic Should I rent my PPOR?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408199-should-i-rent-my-ppor/#post-4681864 Sun, 02 Dec 2012 23:33:32 +0000 I think so?
My partner will pay around $100 per week in tax, so that will be our saving – that is based on us renting a house for the same price that we rent out the unit for.

Am I missing any other costs or savings? Am I using the right formula?

]]> 1b00fc0a661c4c72c4a1de7369106461 Geddo replied to the topic To puchase New vs relatively new IPs? in the forum Agree with other comments, it https://www.propertyinvesting.com/topic/4408164-to-puchase-new-vs-relatively-new-ips/#post-4681607 Tue, 27 Nov 2012 09:17:27 +0000 Agree with other comments, it depends on what you want, and how much time you have to contribute. I have 2 older properties, and the potential repairs do play on my mind sometimes, however, plenty more oppurtunity to add value, and on large blocks. If you can buy them at a point where they pay for themselves from the start, then you aren’t relying…[Read more]

]]> f8e5adb2e5e815e555254758dfe8f380 Geddo replied to the topic LMI tax advice needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4408017-lmi-tax-advice-needed/page/2/#post-4680348 Tue, 06 Nov 2012 12:50:59 +0000 Hi Derek,

Thanks, I certainly see your point, which I guess helps to accumulate more property, quicker.

The $40K does come at a cost though and adds principle to the loan, which may suit some. I guess I am a little more conservative with leverage, and also the cost of that equity.

Maybe as middle ground go the 85% lend, no LMI and still keep…[Read more]

]]> f4c657eb4874b77c7d4dc38bbf248729 Geddo replied to the topic LMI tax advice needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4408017-lmi-tax-advice-needed/page/2/#post-4680346 Tue, 06 Nov 2012 10:42:58 +0000 I have used citibank for 2 properties and will most likely roll a third at the end of the year to them as well. I have a good contact in Brisbane who was exceptional compared to other banks. Good after settlement service and follow-up too, which no one else seems to have.

They lend to most postcodes with a decent population. One of mine is in…[Read more]

]]> c8c6e903101c6f61c8a49b648a480c33 Geddo replied to the topic LMI tax advice needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4408017-lmi-tax-advice-needed/page/2/#post-4680345 Tue, 06 Nov 2012 10:32:42 +0000 If I was at 87% lend and paying the 13K LMI and had the 13K personal debt, then I probably wouldn't buy the property to start with – But that's just me.

I guess my point is that we sometimes get blinded by the "tax deduction" value which doesn't always mean you are "saving" or getting ahead. I refuse to pay LMI, and don't think that the fact it…[Read more]

]]> ff9d40357286a08a811a81a30284a04b Geddo replied to the topic LMI tax advice needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4408017-lmi-tax-advice-needed/#post-4680340 Mon, 05 Nov 2012 00:38:42 +0000 Hi there,

While the $13K is tax deductable, it is still $13K outlay for a reduced tax rebate.

I would use your own cash to reduce to an 85% lend and then approach the bank to waive LMI. I went with Citibank who will go to 85% no LMi, and they still have very competitive rates…

At the very least, a 85% should at least be a reduced amount of…[Read more]

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