PropertyInvesting.com | Heath Workman | Activity https://www.propertyinvesting.com/members/heath-workman/activity/ Activity feed for Heath Workman. Tue, 14 Apr 2026 21:21:44 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 5b2c7336ca119cb11faf965b913aee62 Heath Workman replied to the topic Renovating in outer suburbs in the forum Value Adding https://www.propertyinvesting.com/topic/4404269-renovating-in-outer-suburbs/#post-4652650 Mon, 25 Jul 2011 06:26:27 +0000 MrsC wrote:
Thanks. Its all coming down to my budget, i can basically afford either a villa/unit in the inner suburb or a house in the outer area. Ive read and heard different views on unit vs house but seems that a renovation on a house (done well) gives more scope for upwards value than a unit. Catalyst were your reno's units or…[Read more]

]]> c85a373f8eb30d36528f32f5145808a8 Heath Workman replied to the topic New to PI - Would love your help and expertise! in the forum Help Needed! https://www.propertyinvesting.com/topic/4404073-new-to-pi-would-love-your-help-and-expertise/#post-4650796 Wed, 29 Jun 2011 11:12:34 +0000 Quote:
Thanks for the insight heath :).The reason I said that was because would it not mean I would need a saving of say 120-150k on a 300k property to be neautrally / positively geared? Therefore taking many years to achieve this, if im already paying off a PPOR?Please let me know if this understanding I have is completely wrong

Oh yeah, I…[Read more]

]]> dca5c95da3ecc10da4b4e24de2c559e2 Heath Workman replied to the topic New to PI - Would love your help and expertise! in the forum Help Needed! https://www.propertyinvesting.com/topic/4404073-new-to-pi-would-love-your-help-and-expertise/#post-4650793 Wed, 29 Jun 2011 10:47:35 +0000 Chris89 wrote:
From what I have read, negative gearing is the way to go, however from the posts I have read here everyone says positive gearing is better? Is there a better and worse? Would I still be able to buy as many properties with positive gearing? As it is obviously going to take a longer period of time to buy a property am I correct?

I…[Read more]

]]> 3088ee5999eb741548e5c258ff8849f9 Heath Workman replied to the topic Investing in low income areas in the forum Creative Investing https://www.propertyinvesting.com/topic/4403409-investing-in-low-income-areas/page/2/#post-4646308 Mon, 13 Jun 2011 01:50:07 +0000 Jamie M wrote:

Heath Workman wrote:
you can pick up positively geared properties down there for under 100k.

Hi Heath What's the historical growth been like in these areas and are there any driving factors that will lead to growth in the future? Everyone loves a CF+ IP but if there's little or no growth, it's not worth it (in my opinion).…[Read more]

]]> d5b54818e25328b94fced0019b9e9550 Heath Workman replied to the topic Studio apartment - creating a wall divider of sorts? in the forum Value Adding https://www.propertyinvesting.com/topic/4403900-studio-apartment-creating-a-wall-divider-of-sorts/#post-4649548 Sun, 12 Jun 2011 03:56:27 +0000 As far as fixing your plaster to the floor and ceiling you can make you own frame fairly cheaply out of trudek or something similar, it doesn't have to be strong as the wall is not load bearing. You can screw your piece of trudek into a stud in the wall or roof which ever is more apporpiate creating your new stud on the exposed side of the wall…[Read more]

]]> ece9b6da0d9bb7bcd45287fef0528e70 Heath Workman replied to the topic Offering property financed through another lender as security... in the forum Thanks Terry. https://www.propertyinvesting.com/topic/4403915-offering-property-financed-through-another-lender-as-security/#post-4649634 Sat, 11 Jun 2011 08:52:22 +0000 Thanks Terry.

]]> 2bb557b61e95679811a9bcb0871136a3 Heath Workman replied to the topic Offering property financed through another lender as security... in the forum Sorry I think I explained https://www.propertyinvesting.com/topic/4403915-offering-property-financed-through-another-lender-as-security/#post-4649632 Sat, 11 Jun 2011 08:39:28 +0000 Sorry I think I explained myself very poorly, I mean, can I use the equity in a property I purchased with lender 'A' to borrow say 105% of my next property with lender 'B'…total LVR 90% of both properties for example.

]]> 8d1fde6a898f34e3f30090c5685d5a09 Heath Workman replied to the topic Where to start... in the forum Help Needed! https://www.propertyinvesting.com/topic/4403867-where-to-start-35/#post-4649367 Wed, 08 Jun 2011 10:57:44 +0000 Three property investing books I have read this year are: Real Estate, John McGrath0 to 130 Properties in 3.5 years, Steve McKnightandYour Mortgage: How to Save $50 000 – $250 000 per Property, Anita Bell

]]> c29139ec5e10bd5623223aa71ea2d34f Heath Workman replied to the topic hey people in the forum Opinionated! https://www.propertyinvesting.com/topic/4398458-hey-people/#post-4615264 Tue, 07 Jun 2011 11:18:23 +0000 Hey JAYT. I'm in a simialr situation to you. I'm 20yo with one investment property and I'd like to own 5 properties in the future.Out of interest, what are you doing in the mines? Do you have a trade? Are there often vacancies for unskilled workers in the mines? I am currently in the final year of a cabinet making apprenticeship however when I…[Read more]

]]> b3c4e2b7bacfff58f686f3869600426d Heath Workman replied to the topic Investing in low income areas in the forum Creative Investing https://www.propertyinvesting.com/topic/4403409-investing-in-low-income-areas/page/2/#post-4646305 Tue, 07 Jun 2011 11:10:27 +0000 Hey guys, didn't realise there were some Tasmanian investors on the forum. I'm from north west tassie myself currently looking into buying my second IP. Regaurding the original question there are also a few mining towns on the west coast of Tassie. Rosebery, Zeehan and Queenstown, you can pick up positively geared properties down there for under…

]]> 9b6686034d829adf32a3e8508a29eb9d Heath Workman replied to the topic 10k, no debt.. enough to start ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4403848-10k-no-debt-enough-to-start/#post-4649251 Sun, 05 Jun 2011 04:32:33 +0000 Even though you are not ready to enter the market just yet you can already begin planning ahead.The first thing I would do it have a chat to the bank(s) you think you might like to borrow from and find out you're borrowing power.Most banks will ask for a 10% deposit on the purchas price for first home buyers, anyway the banks I have delt with will…[Read more]

]]> bfdd2ce12027bbbe87bc32f455ba8b12 Heath Workman replied to the topic FHOG - 6 months in the forum Finance https://www.propertyinvesting.com/topic/4403558-fhog-6-months/#post-4647248 Mon, 23 May 2011 10:48:48 +0000 There is usually a hotline/helpline for each state reguarding the FHOG. I recently called to ask what information was required to verify that I had infact used the property as PPOR for the appropiate amount on time to qualify for the grant. I was told that you are not required to provide anything and that often you will never hear from the…[Read more]

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