PropertyInvesting.com | gezzy | Activity https://www.propertyinvesting.com/members/gezzy/activity/ Activity feed for gezzy. Sat, 11 Apr 2026 05:33:58 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 e8fd78c1349daa5bfe35b6f39f917a64 gezzy replied to the topic FREE Residex Property Reports for VICTORIAN, TASMANIAN, and SOUTH AUSTRALIAN properties - Investment or Owner Occupied in the forum Thanks again for another https://www.propertyinvesting.com/topic/4396010-free-residex-property-reports-for-victorian-tasmanian-and-south-australian-properties-investment-or-owner-occupied/page/6/#post-4602612 Tue, 01 Sep 2009 22:20:26 +0000 Thanks again for another report, Mike.CheersGez

]]> 151fd34c7b6824f00270f70e1b7e52a8 gezzy replied to the topic How to find a "strategic" mortgage broker? in the forum Help Needed! https://www.propertyinvesting.com/topic/4396979-how-to-find-a-strategic-mortgage-broker/#post-4607881 Thu, 20 Aug 2009 23:14:59 +0000 sjh_85 wrote:
If your planning to invest in multiple properties I would stick to one bank if possible and have a plan, every investor will hit a wall where the bank will lend no more money, that is unless you have good cash flow as well.

Hi sjh_85,Just curious to know why you would stick to the one bank? As you noted in your post, it is highly…[Read more]

]]> 654967f3d9210f42bb71b007fa188169 gezzy replied to the topic Using Equity In Your PPOR As A Deposit in the forum Thanks again, Richard and https://www.propertyinvesting.com/topic/4396510-using-equity-in-your-ppor-as-a-deposit/page/3/#post-4605437 Wed, 19 Aug 2009 00:19:05 +0000 Thanks again, Richard and S/C.In response to S/C, I do go a bit overboard sometimes in keeping statements etc in order, but it helps me in the long run – I hate being disorganised.I don't have any investment debt at this point in time – personal debt. My wife and I have a mortgage for our PPOR, which, as this thread has taught me, can be a great…[Read more]

]]> f1654dad453b7a78051c857e04484ddf gezzy replied to the topic Using Equity In Your PPOR As A Deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4396510-using-equity-in-your-ppor-as-a-deposit/page/3/#post-4605434 Tue, 04 Aug 2009 00:12:57 +0000 StumpCam wrote:
Gez it's fine to pay off your PPoR loan or save it; it's all good equity of one form or another towards your next IP. Every single dollar of equity you create by either paying off your loan, putting into an offset account or simply waiting for capital growth means that you can borrow another four towards your next IP. You'll…[Read more]

]]> 282587fe5d595f841b882f4736786711 gezzy replied to the topic Using Equity In Your PPOR As A Deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4396510-using-equity-in-your-ppor-as-a-deposit/page/2/#post-4605432 Sat, 18 Jul 2009 13:30:39 +0000 StumpCam wrote:
Sorry Gez, been away for a while. The concept is a lot more general than just one property. Borrowing to the maximum possible simply means buying as many properties as you can within the limits of your equity and debt servicing capability. You are simply trying to maximise the total capital you control. The exact percentage bo…[Read more]

]]> 3c452e19513865bca701ad0bf1632e1d gezzy replied to the topic FREE Residex Property Reports for VICTORIAN, TASMANIAN, and SOUTH AUSTRALIAN properties - Investment or Owner Occupied in the forum Value Adding https://www.propertyinvesting.com/topic/4396010-free-residex-property-reports-for-victorian-tasmanian-and-south-australian-properties-investment-or-owner-occupied/page/5/#post-4602587 Fri, 17 Jul 2009 00:40:08 +0000 Thanks for another report, Mike.Will definitely request more.CheersGez

]]> ff88c1a3d7320c70d82d27c40b1b2db1 gezzy replied to the topic Using Equity In Your PPOR As A Deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4396510-using-equity-in-your-ppor-as-a-deposit/page/2/#post-4605429 Mon, 13 Jul 2009 06:09:05 +0000 StumpCam wrote:

gezzy wrote:
I'm just curious, in relation to your above post, how does borrowing the maximum amount possible give you a larger potential for capital growth?CheersGez

Hi Gez, I'll put my 2c worth in and try to answer that: Borrowing the maximum means you have the maximum possible value of property in your name. If all…[Read more]

]]> a23c53cfd9e54aeb85c8884f9b5222de gezzy replied to the topic Using Equity In Your PPOR As A Deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4396510-using-equity-in-your-ppor-as-a-deposit/page/2/#post-4605424 Tue, 30 Jun 2009 04:18:02 +0000 obie1 wrote:
Sorry Gezzy I don't need to hijack your thread but hopefully this info helps you anyway…

No dramas, Obie. The more info the betterCheers

]]> 7309631929283185b471b08bac4ce900 gezzy replied to the topic Using Equity In Your PPOR As A Deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4396510-using-equity-in-your-ppor-as-a-deposit/page/2/#post-4605423 Tue, 30 Jun 2009 04:15:38 +0000 obie1 wrote:
Hi Gezzy,This is my first post on this site but hope I can help you a little.I used my PPOR equity for my first IP and it has worked out great.I borrowed 105% for my first IP using my PPOR equity as a 'deposit'. This covered loan costs and Stamp Duty.My lender for my IP now has a second mortgage on my PPOR (I have over 250K equity…[Read more]

]]> 65f0c1f18cb70c232bdce4e487edfa3b gezzy replied to the topic Using Equity In Your PPOR As A Deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4396510-using-equity-in-your-ppor-as-a-deposit/page/2/#post-4605422 Tue, 30 Jun 2009 04:00:58 +0000 gibbo1 wrote:
There are many different strategies used by different people.  One of the advantages of 20% deposit is reduced lending costs.  One of Steve's main aim's is finding CF+ properties, this is easier when borrowing smaller amounts.  Another strategy is to borrow the maximum amounts possible (nowadays still a cpl of lenders around the…[Read more]

]]> 33008fb462989651bda037528a6f016f gezzy replied to the topic Using Equity In Your PPOR As A Deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4396510-using-equity-in-your-ppor-as-a-deposit/#post-4605412 Sat, 27 Jun 2009 12:13:57 +0000 Hi All,Another question – as stated in my first post, Steve McKnight recommends saving a 20% deposit to purchase an IP as opposed to 10% to avoid paying LMI. I just wanted to know what your thoughts were on this? With the positive responses I received in regards to using equity as a deposit, I'm now wondering how much should be used as a deposit…[Read more]

]]> 01521d91de5429663d36e1fe278780d6 gezzy replied to the topic family need help in the forum General Property https://www.propertyinvesting.com/topic/4396344-family-need-help/page/3/#post-4604563 Tue, 23 Jun 2009 12:55:53 +0000 Well done, spudway. You copped a lot of crap from your post when all you were seeking was help – it's good to hear you got finance in the end. Hope all goes well for you and your family.CheersGez

]]> 6ef72b01a9b5e5d1359781faf97d41ff gezzy replied to the topic Using Equity In Your PPOR As A Deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4396510-using-equity-in-your-ppor-as-a-deposit/#post-4605411 Tue, 23 Jun 2009 08:47:25 +0000 Thanks also to Investors Zorba and Qlds007 for your input.I really appreciate everything that everyone has to contribute.CheersGez

]]> 1c3e5ab8e60666d060b2422c62d60f0d gezzy replied to the topic Using Equity In Your PPOR As A Deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4396510-using-equity-in-your-ppor-as-a-deposit/#post-4605410 Tue, 23 Jun 2009 08:41:55 +0000 Terryw wrote:
Hi GezzyBest to explain with an example.you have a $100,000 home loan$20,000 cashand wish to buy a $100,000 IP.what would you do?most would use the $20,000 for the IP as deposit, so end result is$100,000 home loan = non deductible interest$80,000 IP loan = deductible interestBut I would do this$20,000 deposited into the home…[Read more]

]]> 483f84241c6f873d4debd9977bbe92bd gezzy replied to the topic Using Equity In Your PPOR As A Deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4396510-using-equity-in-your-ppor-as-a-deposit/#post-4605408 Tue, 23 Jun 2009 08:38:25 +0000 L.A Aussie wrote:
It doesn't matter what the price of the IP is, it is either bought with cash and borrowings, or just borrowings, or just cash if you have enough.If it was valued at $200k and you could buy it for 80% of it's value, then yes, you would have some equity.

Thanks again, Marc.Cheers

]]> e4e42489691df7fde04a5a8b12e2a22c gezzy replied to the topic Using Equity In Your PPOR As A Deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4396510-using-equity-in-your-ppor-as-a-deposit/#post-4605407 Tue, 23 Jun 2009 08:36:28 +0000 kum yin lau wrote:
Hi, I used my PPOR equity [paid cash when I bought it] to buy a 2nd, 3rd, 4th, 5th, 6th and 7th and 8th and 9th property. 5th and 6th are commercial and 7th and 9th are devt properties. 8th was PPOR 2  and supposed to be a devt but it was too hard and I sold. I'd always X collaterised because I'm in the category of 'hard to…[Read more]

]]> 9e1abf5cc051e46abc6fa5571760ecba gezzy replied to the topic Using Equity In Your PPOR As A Deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4396510-using-equity-in-your-ppor-as-a-deposit/#post-4605401 Sun, 21 Jun 2009 13:53:33 +0000 Thank you Jamesy and RedRoof for your replies.

]]> 2708654ff45d08085671b9a9f793fa99 gezzy replied to the topic Using Equity In Your PPOR As A Deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4396510-using-equity-in-your-ppor-as-a-deposit/#post-4605400 Sun, 21 Jun 2009 13:52:10 +0000 Terryw wrote:
of course!Most people use the equity in their home. It wouldn't be a good idea to save up a separate deposit for an IP if you still have a loan on your home as you would be losing tax deductions.

Hi Terryw,Could you please explain how you would be losing tax deductions? I've read many of your posts and value your advice and…[Read more]

]]> f7228558e2b085a828fd5293b6bfea14 gezzy replied to the topic Using Equity In Your PPOR As A Deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4396510-using-equity-in-your-ppor-as-a-deposit/#post-4605399 Sun, 21 Jun 2009 13:49:38 +0000 L.A Aussie wrote:
The other "con" is that you have no equity with 100% loans, and if somethinbg goes wrong at the start and you need to sell, you may have to sell at a significant loss.

This wouldn't be the case though if you were lucky enough to purchase a property at a bargain price, well below market value, would it?Thanks for your reply,…[Read more]

]]> 849e30bf578870b46e3caf22742ea8d2 gezzy replied to the topic BUILDERS IN MELBOURNE in the forum I think at times it doesn't https://www.propertyinvesting.com/topic/4396412-builders-in-melbourne/#post-4604899 Tue, 09 Jun 2009 02:07:12 +0000 I think at times it doesn't matter who you build with, some people will have problems, others may not. My wife and I built with Porter Davis (in Point Cook) and have been in our house since March of last year. We have had nothing but headaches since we moved in and just last night we came home to one of the toilets not flushing. We have had to…[Read more]

]]> 79e27055ab4a10070b9ff300fff5526d gezzy replied to the topic API magazine? in the forum Heads Up! https://www.propertyinvesting.com/topic/4396191-api-magazine/#post-4603772 Sat, 16 May 2009 03:44:01 +0000 v8ghia wrote:
"my property' is also a good mag too. (or is it 'my investment property'?)API and it are both a good read, and educational – but as there is such a wide and varied opinion on strategy, products, and 'growth figures' take it in all in with a grain of salt, and dont jump into anything just 'cos you read it in either mag without doing…[Read more]

]]> 460eb15cc5c114109769bae4d42d2782 gezzy replied to the topic FREE Residex Property Reports for VICTORIAN, TASMANIAN, and SOUTH AUSTRALIAN properties - Investment or Owner Occupied in the forum Value Adding https://www.propertyinvesting.com/topic/4396010-free-residex-property-reports-for-victorian-tasmanian-and-south-australian-properties-investment-or-owner-occupied/page/2/#post-4602526 Sun, 10 May 2009 05:22:24 +0000 Hi Mike,Thanks heaps for the report, really appreciate the quickness in which you provided it. Will definitely be bugging you for more.Cheers

]]> 063928cdb7210825a932ab23c84521a5 gezzy replied to the topic Glenroy vs Greensborough/Montmerency/ELtham in the forum General Property https://www.propertyinvesting.com/topic/4395801-glenroy-vs-greensboroughmontmerencyeltham/#post-4601415 Thu, 02 Apr 2009 09:28:02 +0000 It's funny, I was just bad-mouthing Glenroy a couple of hours ago. As per abharga's post, there is a bit of crime in Glenroy, but it's pretty good location-wise in terms of being close to Eastlink and the CBD. Over the last 12 months there have been quite a few older-style houses being bought in Glenroy only to be knocked down and subdivided for…[Read more]

]]> 113e560db21cb53046a52872d4f1af14 gezzy replied to the topic Meeting with Builder...help needed in the forum Don't pay them their money https://www.propertyinvesting.com/topic/4395768-meeting-with-builder-help-needed/#post-4601236 Tue, 24 Mar 2009 03:16:15 +0000 Don't pay them their money until everything they promise has been met. Our experience with building our home was after paying them and getting the keys (yeah we were excited) they didn't want a bar of us. Make sure all your paperwork and correspondence is in order for quick referral. Document phone calls, faxes, everything you can. Keep an eye on…[Read more]

]]> 4138213b3dfcb8621f822b6f2bf84f75 gezzy replied to the topic Dandenong - Nightmare or Pleasant Dream? in the forum Help Needed! https://www.propertyinvesting.com/topic/4388569-dandenong-nightmare-or-pleasant-dream/#post-4562912 Wed, 28 Feb 2007 17:57:07 +0000 Originally posted by L.A Aussie:
Speaking of Dande-thong, I just received this email from my brother-in-law;

DANDENONGSECONDARYCOLLEGE-CITYOFGREATERDANDENONG MATHEMATICSEXAM
C:JD MillsJCDandenong Mathematics Exam.doc Page 1 Of 2
NAME
GANG
Youse Time allowed is 1 hour
1. If Mohamed lowers his WRX 2 inches front and back and puts on stolen
18-inch…[Read more]

]]> a0f6eb1c31a962bc533847ce104e675d gezzy replied to the topic locating cheap renters in the forum Help Needed! https://www.propertyinvesting.com/topic/4388363-locating-cheap-renters/#post-4561821 Fri, 09 Feb 2007 10:11:04 +0000 You’re new to the game but you have 2 properties? I’m jealous. Great stuff. I’m not sure if anyone can give you an answer narrowed down to a few specific areas (I sure couldn’t!), but I think Julie’s advice is best – research. I’ve read a lot about not just doing your research on the internet or in the papers, but to get out there and have a look…[Read more]

]]> deffaf54a5ad603dc2afad3a00b44123 gezzy replied to the topic How to Determine Rent on a property in the forum Help Needed! https://www.propertyinvesting.com/topic/4388297-how-to-determine-rent-on-a-property/#post-4561521 Sun, 04 Feb 2007 08:08:27 +0000 Originally posted by leahwat:
Hi RG

Q.1 iff you want a 10% return say you buy a house for $200,000 the rent needs to be $400 a week.if house is $100 K then the rent needs to be $200 per week. Double it .

Would $400 a week for a $200k house be considered too expensive for a tenant? I mean I know it’s all dependent on the place but realistically…[Read more]

]]> 4f2af31e6fb2c5c24ee04b22319b6b77 gezzy replied to the topic Buying properties with othere people? in the forum Help Needed! https://www.propertyinvesting.com/topic/4388303-buying-properties-with-othere-people/#post-4561545 Sun, 04 Feb 2007 07:38:47 +0000 Hi wriggles,

I couldn’t tell you whether or not investing with a group of friends is a good or bad idea, bit I can tell you if I were to consider doing something like that, I couldn’t find as many as four people I would want to do it with. When it comes to business, it’s so easy for things to go wrong and for friendships to turn sour because…[Read more]

]]>