PropertyInvesting.com | House Call | Activity https://www.propertyinvesting.com/members/house-call/activity/ Activity feed for House Call. Fri, 17 Apr 2026 08:31:38 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 799db3d3bc44535fd61b4ce0aff09d09 House Call replied to the topic depreciation schedules in the forum Help Needed! https://www.propertyinvesting.com/topic/4407817-depreciation-schedules-5/#post-4678961 Thu, 11 Oct 2012 11:14:18 +0000 I accidentally got 2 depreciation schedules for the same house in QLD.  I filled out an internet enquiry form and the company I did that with interpreted it as a request and went ahead and inspected the house without my knowledge (got keys from the agent as the house was vacant at the time) then emailed me the report and an invoice.

However I had…[Read more]

]]> 0674a0a0fe637f570c378035db18e492 House Call replied to the topic Your current exit strategy for mining towns? Specifically Moranbah, BlackwTer, Dysart in the forum Help Needed! https://www.propertyinvesting.com/topic/4407265-your-current-exit-strategy-for-mining-towns-specifically-moranbah-blackwter-dysart/#post-4674664 Mon, 10 Sep 2012 12:47:58 +0000 We had a 4BR house in Moranbah that the original plan was to hold for 3 years.  However with events in the first half of this year resulting in enormous price increases late last year followed by mining companies deciding not to renew leases, which led quite suddenly to over 100 vacant houses available for rent, we modified our original plan and…[Read more]

]]> cd4ca8a07d927e4273c7f3eb0d5db869 House Call replied to the topic Buying 2nd IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4407330-buying-2nd-ip/#post-4675200 Fri, 07 Sep 2012 11:57:43 +0000 ….Hmmmmm… interesting.  Thanks Richard. 

 A bunch of SMSF schemes just popped into my head that I didn't know were allowed to be in there….

]]> 59f2a3f6a4dc046dfc794c85a02a5c6b House Call replied to the topic Buying 2nd IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4407330-buying-2nd-ip/#post-4675197 Thu, 06 Sep 2012 13:21:53 +0000 .

]]> fe488f6fa837f22766c87f2de780a63f House Call replied to the topic Buying 2nd IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4407330-buying-2nd-ip/#post-4675198 Thu, 06 Sep 2012 13:20:30 +0000 I thought that SMSF loans could not be interest only.  In that they by definition have to be P&I in order to satisfy the fundamental super criteria which is to increase equity and maximise the benefit for the members.  (which interest only loans do not unless prices go up, which they don't always)

ie to minimise risk they have to be P&I.  (Plus…[Read more]

]]> 1bb6df9b3ef8b2637705121b942d675b House Call replied to the topic Who will loan to SMSF to borrow for property at 40% LVR? in the forum Finance https://www.propertyinvesting.com/topic/4405812-who-will-loan-to-smsf-to-borrow-for-property-at-40-lvr/#post-4663345 Mon, 21 May 2012 04:01:14 +0000 Steve79 wrote:
The CBA won't insist on you using their planner, so may be worth your while shopping around to find a cheaper adviser if all you are after is a sign off for the loan to go ahead.

The happy sequelae to all this is that I have tweaked things a bit and can do what I was planning to without needing any bank.(or planner)  Thanks for…[Read more]

]]> d6e63edc74f92dea8b22d4545fa44440 House Call replied to the topic Mackay Investment Property Queries in the forum Help Needed! https://www.propertyinvesting.com/topic/4406476-mackay-investment-property-queries/#post-4668824 Wed, 02 May 2012 06:14:31 +0000 Smm91 wrote:
Thanks very much everyone for the help.Yes Dubstep, I'm planning to fly in there for a couple of hours this weekend. Do you think $545K all up is too much for a 4×4 ( all rooms air conditioned) house around that area?House Call, thanks for the link. Are the red areas in the map when you complete a search the flood risk areas?

No th…[Read more]

]]> 32e93a30be1ce3597372af1a4e84a5d8 House Call replied to the topic Mackay Investment Property Queries in the forum Help Needed! https://www.propertyinvesting.com/topic/4406476-mackay-investment-property-queries/#post-4668822 Tue, 01 May 2012 09:31:05 +0000 Smm91 wrote:
Hello everyone! I am a new member here and this is my first post.I'm from NSW, but planning to build my first investment property in Beaconsfield, Mackay. It's a land+construction package.My question is does Beaconsfield get flooded regularly? What sort of insurances are available for  flood affected houses? Are those expensive and…[Read more]

]]> d7fb4a6df4f36f23192baa9cc83f1eaa House Call replied to the topic First Property seminar....hmmmm not that impressed. in the forum Help Needed! https://www.propertyinvesting.com/topic/4405833-first-property-seminar-hmmmm-not-that-impressed/#post-4663533 Sat, 11 Feb 2012 05:36:06 +0000 booge wrote:
Has anyone attended a seminar that wasn't a waste of time??

Hi I went to a Michael Yardney 1 day conference in Sydney for $99 (+bring a friend for free).  There were about 200 people there.  I was cynical at first because there was certainly a plug for his mentoring program before during an after, however I had a pad and pen and h…[Read more]

]]> ad851a556c76edfceba8264c686adb12 House Call replied to the topic Who will loan to SMSF to borrow for property at 40% LVR? in the forum Finance https://www.propertyinvesting.com/topic/4405812-who-will-loan-to-smsf-to-borrow-for-property-at-40-lvr/#post-4663342 Fri, 10 Feb 2012 03:12:13 +0000 Qlds007 wrote:
Hate to say if it is a newly formed SMSF a lot of lenders will walk away.We never use CBA for our SMSF loans as their costs and requirements are way out of the market.Most lenders will require a Financial Planner to sign off that the Investment strategy is understood however you are looking at $150- $200. Where we are not acting…[Read more]

]]> 680491dc9ddc22639da2ec9d73abd5ea House Call replied to the topic Who will loan to SMSF to borrow for property at 40% LVR? in the forum Finance https://www.propertyinvesting.com/topic/4405812-who-will-loan-to-smsf-to-borrow-for-property-at-40-lvr/#post-4663339 Thu, 09 Feb 2012 20:43:30 +0000 Shape wrote:
Up to 60% LVR with a commercial lender in the SMSF field is not an issue– however most banks with commercial SMSF will need you to see a financial planner before they will approve your loan, no matter how low your LVR is. Regards Michael

Why do they want me to see a financial planner?  That is the part I object to when my…[Read more]

]]> f0384d1ef1d50962aa9d2f731b320a8b House Call replied to the topic Should I have a separate bank account for each property? in the forum Finance https://www.propertyinvesting.com/topic/4405381-should-i-have-a-separate-bank-account-for-each-property/#post-4660167 Sat, 10 Dec 2011 07:41:30 +0000 Terryw wrote:
It is messy because how do you distinguish between properties. It could disadvantage you later. A LOC should only ever be used for investment expenses. ie You can borrow to pay deposits, pay rates, insurances etc. using an IO loan with offset is much better for getting incomes deposited, including wages and there would be no tax…[Read more]

]]> 9589b2f3facf570b63c7a99865d8d6b9 House Call replied to the topic Should I have a separate bank account for each property? in the forum Finance https://www.propertyinvesting.com/topic/4405381-should-i-have-a-separate-bank-account-for-each-property/#post-4660165 Sat, 10 Dec 2011 07:18:46 +0000 Terryw wrote:
I don't like your LOC method because you are paying into an investment loan and it will be messy later – like your accountant says. What if you sold one property, how much of the LOC is associated with each property?I would keep the LOC, but set up an offset account against one of the IP loans. If all IPs are owned by the same…[Read more]

]]> a6a4b98b8a1ea4b323538e74b3e55998 House Call replied to the topic Should I have a separate bank account for each property? in the forum Finance https://www.propertyinvesting.com/topic/4405381-should-i-have-a-separate-bank-account-for-each-property/#post-4660163 Fri, 09 Dec 2011 23:39:18 +0000 Jamie M wrote:
I have interest only loans on all properties – IP and PPOR.Have one offset account set up against PPOR.Get rent paid into offset and expenses paid out of offset. It's essentially the account for all property related income/expenses.CheersJamie

My PPOR was paid off ages ago, so is there any point in having an offset to a new loan…[Read more]

]]> 4b1cde105313ce0feda7e920ea5d4e91 House Call replied to the topic National bank has no idea what's going on in Moranbah in the forum Help Needed! https://www.propertyinvesting.com/topic/4405359-national-bank-has-no-idea-whats-going-on-in-moranbah/page/2/#post-4660020 Fri, 09 Dec 2011 21:39:36 +0000 abcd1 wrote:
Hi, we have had the pleasure of dealing with the national bank in regards to buying a property in Moranbah apparently there lending manager in the Sydney office has done some research and seems to think that, there will be thousands of houses to be built in a town that is land locked. We were apparently preapproved for a home there…[Read more]

]]> a8f9a4aed69ba2ea2e03eba2b4b5dc9b House Call replied to the topic A SUPER TEAM! in the forum Help Needed! https://www.propertyinvesting.com/topic/4404616-a-super-team/#post-4655141 Sun, 04 Sep 2011 11:06:47 +0000 engelo10 wrote:
Hey Mattdesigner, Keep educating yourself with property books, magazines, seminars, this forum and somersoft and im sure you will meet competent and trustworthy people along the way to help and guide you in your property investing. I have built a pretty good crew within 1 year of buying my 1st property. Just be cautious with who…[Read more]

]]> d597007dbff16c93a83be8e150425ac8 House Call replied to the topic FINANCE & STRUCTURE for Beginners in the forum Finance https://www.propertyinvesting.com/topic/4404026-finance-structure-for-beginners/page/2/#post-4650485 Wed, 24 Aug 2011 12:28:46 +0000 Terryw wrote:
It depends if you pay the full balance off every month. If you do then I think you could borrow from the LOC and pay off the credit card loan. You would be just refinancing debt. Should be ok as the money goes straight from one loan to the other.

Thanks. That's what I figured.  I'll leave you alone now. Appreciate your input…

]]> 9b4d77af76a956f9084e4a8da7952c2a House Call replied to the topic FINANCE & STRUCTURE for Beginners in the forum Finance https://www.propertyinvesting.com/topic/4404026-finance-structure-for-beginners/page/2/#post-4650483 Wed, 24 Aug 2011 12:20:37 +0000 on a similar vein, supposing I go and rack up $500 worth of stuff at Bunnings to help renovate an IP (again no personal expenses) using my credit card, can I then pay off that portion of my monthly credit card bill using my dedicated investment LOC, and the remainder using my normal savings account and then claim the interest generated by using the LOC?

]]> 8c9988015839821a9d72ea218844539a House Call replied to the topic FINANCE & STRUCTURE for Beginners in the forum Finance https://www.propertyinvesting.com/topic/4404026-finance-structure-for-beginners/page/2/#post-4650481 Wed, 24 Aug 2011 12:10:19 +0000 Terryw wrote:
Unless you want to cross coll the properties (not good) you would need one LOC per property.LOCs generally have a higher rate than IO loans.

Ok thanks.  Now supposing Bank A gives me a lower rate for its LOC than Bank B.  Can I transfer the full amount of the LOC from Bank A into the bank B LOC in order to save on the bank B i…[Read more]

]]> c7058b6c0706e673c0fd47316c5406ec House Call replied to the topic FINANCE & STRUCTURE for Beginners in the forum Finance https://www.propertyinvesting.com/topic/4404026-finance-structure-for-beginners/#post-4650479 Wed, 24 Aug 2011 11:50:26 +0000 interesting informative educational thread.  Thanks all.I have 3 IPs each with their own free-standing (not cross lateralised) interest only loans, and all of them have gone up in value.  Is the simplest way to access the extra equity to set up individual LOCs for each IP?  How do you stop it getting too bit confusing, once you get more and mo…[Read more]

]]> 573c2c129feea106546826cf13ef241c House Call replied to the topic Car V House in the forum Finance https://www.propertyinvesting.com/topic/4404520-car-v-house/#post-4654408 Tue, 23 Aug 2011 09:51:42 +0000 Are you likely to one day move out of the house?  In that case, the more you still owe on it the better when it becomes a rental income source and you can claim the interest owing on it.  I agree with hbbehrendorff above about cars-they are a money hole.  Assuming both are not tax deductable, I would suggest pay that loan off in total, then if yo…[Read more]

]]> 17143ad7add48b45ca346c6ca03fc53c House Call replied to the topic Negative gearing and trusts in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404070-negative-gearing-and-trusts/#post-4650772 Fri, 29 Jul 2011 22:36:59 +0000 Terryw wrote:
Also consider buying property in a fixed unit trust. It is possible to borrow to buy units in the trust and the interest from the loans on the units can be used to offset personal income tax. Later the units can be redeemed by the trust and the trust can become a discretionary trust. It is possible to do this without stamp duty…[Read more]

]]> 6261f9a653f044668a62dfb10f44105e House Call replied to the topic Anyone investing in Gagebrook in the forum General Property https://www.propertyinvesting.com/topic/4401985-anyone-investing-in-gagebrook/#post-4636860 Wed, 23 Feb 2011 22:59:38 +0000 onthemoney wrote:
During the last 3 years there has been a 26% growth in house prices with an average annual over the last 10 years of 12.8%.

Wouldn't this therefore make it a good area to invest in as the numbers stack up very well?   great capital growth, good rental yield.Remembering of course that you are not going to be the one to live t…[Read more]

]]> 58e857e91e2c9b47e46dd5cf4436fb60 House Call replied to the topic ?? pls explain the term---- alternate uses? in the forum I've got it now.  Koeiyan https://www.propertyinvesting.com/topic/4402859-pls-explain-the-term-alternate-uses/#post-4642439 Tue, 22 Feb 2011 06:17:44 +0000 I've got it now.  Koeiyan started a new thread by accident, when trying to post a new response on this thread:https://www.propertyinvesting.com/forums/property-investing/help-needed/4335694Mate, to continue the same conversation, enter your message in the box down the bottom under the words "Post new comment".  Then it keeps all the entries in t…[Read more]

]]> 63bf85b5632abf1c4b000819b4e11ebf House Call replied to the topic ?? pls explain the term---- alternate uses? in the forum Help Needed! https://www.propertyinvesting.com/topic/4402859-pls-explain-the-term-alternate-uses/#post-4642438 Tue, 22 Feb 2011 06:14:01 +0000 koeiyan wrote:
alternate uses???  thank you

I am guessing on a property investing forum you are referring to alternate uses for property.  Eg if you buy a studio in a large building that does not have the projected tenancy and lies vacant for ages, then does the studio have an alternate use-eg as an office/storage facility etc so that you s…[Read more]

]]> 8c040b2149b4b5e169b840f67cbc3ce4 House Call replied to the topic So what rate interest rate are you getting in the forum god_of_money wrote:hi https://www.propertyinvesting.com/topic/4402806-so-what-rate-interest-rate-are-you-getting/page/2/#post-4642032 Mon, 21 Feb 2011 09:17:23 +0000 god_of_money wrote:
hi richard i think it is a possibility to get 0.9% disc for >1 million loan with low lvr

Hi GOM, how low is a "low lvr"?

]]> d5984bdeb6065d835c6b5bb1f53a4715 House Call replied to the topic So what rate interest rate are you getting in the forum god_of_money wrote:you still https://www.propertyinvesting.com/topic/4402806-so-what-rate-interest-rate-are-you-getting/page/2/#post-4642028 Mon, 21 Feb 2011 06:30:59 +0000 god_of_money wrote:
you still can get NAB choice package for 6.77%. Anyone got better rates. nab can offer 1% below variable rates.

I have a 6.87% with NAB Choice package, by negotiating an extra 0.1% off their existing 0.7% discount with choice pak.  Have just added another loan at same rate with NAB today but bargaining with them on basis of…[Read more]

]]> 254f510648a171d3e9f3a21a7136dacf House Call replied to the topic 0 to 130 - Fact or Fiction. Is this something we all can do? in the forum General Property https://www.propertyinvesting.com/topic/4402792-0-to-130-fact-or-fiction-is-this-something-we-all-can-do/#post-4641904 Mon, 14 Feb 2011 11:11:17 +0000 Did Steve McKnight buy and hold all those properties?  I was under the impression he often bought, altered, sold at profit then used the proceeds to  do the same thing with more cash and repeated this a few times.(or a lot of times), which would have bumped up his property count without actually increasing the total owned by as much.  Also in hi…[Read more]

]]> 749c2d6cbbc4facc2b9d07d4b9155fe7 House Call replied to the topic A good place to be in the forum Help Needed! https://www.propertyinvesting.com/topic/4402730-a-good-place-to-be/#post-4641523 Thu, 10 Feb 2011 12:14:33 +0000 DHCP wrote:
Hello Blind67I encourage you get some education first (e.g. attend seminars, read books, get mentoring etc). You need to define EXACTLY what you are trying to achieve. Therefore, you need to have a GOAL and that goal must be precise, measurable and has DEADLINE.For instance, first define precisely your goal is then work backwards. …[Read more]

]]> 0afc6069391a4693ef7af2eeb9aa35be House Call replied to the topic A good place to be in the forum Help Needed! https://www.propertyinvesting.com/topic/4402730-a-good-place-to-be/#post-4641520 Wed, 09 Feb 2011 11:36:40 +0000 If you have a house worth $600k paid off then you could obtain an 80% LOC loan secured by your house (ie  $480k) which you can then use as deposits for your investment properties.  The bank will loan at least 80% of their value, so working on the principle that the LOC loan covers 20% plus approx 5% purchase costs, you could go out and buy up to $…[Read more]

]]> 14a4c218bd42ee4f6c86991fe7c91f88 House Call replied to the topic How do you keep your paper documents organized? in the forum Help Needed! https://www.propertyinvesting.com/topic/4402694-how-do-you-keep-your-paper-documents-organized/#post-4641220 Mon, 07 Feb 2011 00:43:00 +0000 I have a large ring binder for each IP ($1.70 at Big W), then some coloured divders within that.Back compartment is purchase documentsNext one is loan set-up documents.next one is ongoing bank statementsnext one is management agreement and management statements/correspondence and also the quantity surveyor's  tax depreciation schedulenext one is…[Read more]

]]> 3c69390c1cdfdfeaed3908be32a7c5d8 House Call replied to the topic MOURA, BLACKWATER, MORANBAH in the forum General Property https://www.propertyinvesting.com/topic/4399584-moura-blackwater-moranbah/page/2/#post-4622645 Sun, 06 Feb 2011 20:40:11 +0000 coalstar wrote:
Blackwater has been going gangbusters recently, theres literally nothing available for rent during the past 2 months. The next Moranbah for sure, especailly with the expansion of the CSG industry. Bow energy is building a power station there which will push rents and prcies even higher!

Do you people think Moranbah still has…[Read more]

]]> e400b42e55536edb6edcc6482a8b9d52 House Call replied to the topic Can I tax deduct interest on equity loan used for trust to purchase our IP in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402637-can-i-tax-deduct-interest-on-equity-loan-used-for-trust-to-purchase-our-ip/#post-4640809 Wed, 02 Feb 2011 03:44:18 +0000 Terryw wrote:
Well, actually it depends on the type of trust. I had assumed it was discretionary.But if you are using a unit trust it may be possible to claim a deduction, in personal income, for a loan used to buy units.

It is a discretionary family trust

]]> 3b8c6c895a8c05a0ebf43e86c421204f House Call replied to the topic Can I tax deduct interest on equity loan used for trust to purchase our IP in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402637-can-i-tax-deduct-interest-on-equity-loan-used-for-trust-to-purchase-our-ip/#post-4640807 Wed, 02 Feb 2011 03:21:01 +0000 Terryw wrote:
Long answer is YES.2. The trust can claim a deduction for the interest.

As in the trust can claim a deduction , but I cannot (which was my question).(By the way thanks for your help and advice again.)

]]> bd48f536783b49d9cc30b5533456082a House Call replied to the topic Can I tax deduct interest on equity loan used for trust to purchase our IP in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4402637-can-i-tax-deduct-interest-on-equity-loan-used-for-trust-to-purchase-our-ip/#post-4640805 Wed, 02 Feb 2011 03:16:15 +0000 Terryw wrote:
Just think it thru clearly step by step.Firstly you and the trust are separate people for tax purposes, say you = A, trust = BNow if A borrows money and gifts it to B. There interest would not be deductible for A as you cannot claim interest on a gift.If A borrows and then lends to B. A will be charged interest by the bank. If A…[Read more]

]]> 069013f6d5819d7213985f089446f0ed House Call replied to the topic How does it work? in the forum Help Needed! https://www.propertyinvesting.com/topic/4402494-how-does-it-work/#post-4639888 Wed, 19 Jan 2011 21:50:08 +0000 naledge wrote:

Yeah, I think my commitments will get in the way too. Uni takes a lot of time, so I can't work full-time. Although I could afford mortgage payments, it'll probably take me a while to get all the money I need for the deposit and added costs. Plus I'm planning on investing in a managed fund soon ($1,500) and going on a trip to…[Read more]

]]> 062144f36df86f9ac5343317f387cd1e House Call replied to the topic What is a good renovation/DIY book for ideas on how to keep costs down and also how-to do things with doing own reno? in the forum Value Adding https://www.propertyinvesting.com/topic/4402309-what-is-a-good-renovationdiy-book-for-ideas-on-how-to-keep-costs-down-and-also-how-to-do-things-with-doing-own-reno/#post-4638865 Wed, 19 Jan 2011 21:28:28 +0000 Catalyst wrote:
Sounds great to me. All the ripping out is done so you have a blank surface to work with. First thing order the kitchen then get the bathroom plumbed and sheeted. The bathroom seems to always hold up finishing (in my experience) as it takes the most time (plumb, resheet, waterproof, tile, install toilet, shower etc. You need to…[Read more]

]]> 49c5d072deeff7eb5fbb12522d2b8bce House Call replied to the topic What is a good renovation/DIY book for ideas on how to keep costs down and also how-to do things with doing own reno? in the forum Value Adding https://www.propertyinvesting.com/topic/4402309-what-is-a-good-renovationdiy-book-for-ideas-on-how-to-keep-costs-down-and-also-how-to-do-things-with-doing-own-reno/#post-4638862 Tue, 18 Jan 2011 22:10:51 +0000 Jamie M wrote:
Dolf De Roos has a basic book on easy reno's that add value. I can't remember the name of it though. Bunnings has some nifty DIY factsheets that seem to come in handy for renos. Youtube can be good as well – I learnt how to tile watching a few youtube clips!

Youtube is excellent.  You're right.  I learned how to take apart old s…[Read more]

]]> 04425bcdd5f8fd8ed13591bd124575f4 House Call replied to the topic 2009 how did you do in the forum Commercial Property https://www.propertyinvesting.com/topic/4398246-2009-how-did-you-do/page/2/#post-4614019 Tue, 18 Jan 2011 22:09:16 +0000 Jamie M wrote:
Hi HousecallGood story. It's funny how certain events can change things so dramatically! Seems like breaking your toe worked out for the best!CheersJamie

Yes Nearly gave myself the Username "Fractured Phalanx"  but maybe a bit too obtuse.

]]> 5ece351aae49051167f1ae6e11bca971 House Call replied to the topic 2009 how did you do in the forum Commercial Property https://www.propertyinvesting.com/topic/4398246-2009-how-did-you-do/#post-4614017 Tue, 18 Jan 2011 10:17:26 +0000 started 2010 with no interest in property, other than owning PPOR and my business building.  Broke toe in January 2010 and could do nothing but read.  Ended up reading money magazine and finally understood the power of equity.  Devoured every property book and mag I could get my hands on then me and the Mrs bought 2 interstate IPs and one lo…[Read more]

]]> 7ac2033f7e2990686e61de6c33ecd41a House Call replied to the topic What is a good renovation/DIY book for ideas on how to keep costs down and also how-to do things with doing own reno? in the forum Value Adding https://www.propertyinvesting.com/topic/4402309-what-is-a-good-renovationdiy-book-for-ideas-on-how-to-keep-costs-down-and-also-how-to-do-things-with-doing-own-reno/#post-4638860 Tue, 18 Jan 2011 10:06:41 +0000 Thanks all.  I have looked at the list in API and the list on duckster's link. And thanks Jane-I have sent you an email.  All much appreciated.  I have bought a house that the previous owners had had great plans, ripped out the kitchen, bathroom and a heap of gyprock, then plans changed and they moved overseas for a couple of years and now they ha…[Read more]

]]> cb7e64cb5dbb28122c9358c9799a13db House Call replied to the topic Wagga Wagga, Tamworth, Taree, or Albury in the forum General Property https://www.propertyinvesting.com/topic/4402235-wagga-wagga-tamworth-taree-or-albury/#post-4638441 Mon, 20 Dec 2010 20:22:47 +0000 I live in Tamworth and I can tell you Tamworth is booming at the moment.  It is one of the fastest growing regional areas in NSW recently. A lot of regional business HQ and a progressive council. Huge new housing developments going on in several directions, capable of housing 10-15000 more people over next few years.  Also a lot of new unit c…[Read more]

]]> ba95938d5b63cb6a1b1c02b10ffeee11 House Call replied to the topic Potential Divorcee requires help! in the forum Help Needed! https://www.propertyinvesting.com/topic/4402236-potential-divorcee-requires-help/#post-4638450 Mon, 20 Dec 2010 20:05:01 +0000 KellyP wrote:
Thanks for the help guys..  Sometimes it's just easier to ask outright than to ponder the hard questions for far too long. Sometimes it's especially to ask people you don't know personality, besides the fact you don't feel as much like a lunatic it's probably much easier for someone else to see logic with no involvement.  I need t…[Read more]

]]> 143b8fc88cbacd6f3a7f741100fa6f70 House Call replied to the topic Potential Divorcee requires help! in the forum Help Needed! https://www.propertyinvesting.com/topic/4402236-potential-divorcee-requires-help/#post-4638447 Mon, 20 Dec 2010 08:04:22 +0000 I would suggest see a marriage counsellor to work at the marriage part; see a lawyer to protect assets part, and a financial advisor for the long term finance planning part.  IMO you are nuts to go guarantor or joint anything if the marriage is on the rocks.  It spells more trouble.  Also take a step back and ask yourself what the future of yo…[Read more]

]]> 83300b1bb32a51b746d05199ff151ba5 House Call replied to the topic Tax Breaks on Renos in the forum Value Adding https://www.propertyinvesting.com/topic/4402232-tax-breaks-on-renos/#post-4638408 Sun, 19 Dec 2010 08:36:56 +0000 I am no expert but I think your $12k is capital expenditure so it raises your capital base (relevant for CGT if you sell). Then when you rent it out you can depreciate the $12k you spent.  (as opposed to claiming anything now. )

]]> f5abfb2f5929e4e897af72a5bcc04e7f House Call replied to the topic First Renovation Project in the forum jacqui_03 wrote: House https://www.propertyinvesting.com/topic/4401303-first-renovation-project/page/3/#post-4632515 Sun, 19 Dec 2010 01:35:22 +0000 jacqui_03 wrote:
House Call,Just to confirm,I am not selling – It was a Buy, Renovate, Hold project. I plan to hold the property for the long term.And the figures you have calculated are not accurate. If you read further down the post you would see a change in figures.Purchase Price was $200k – The valuation at Purchase was $215k – So I bought…[Read more]

]]> 04d87fc3e6601bcc824ac9a16d8d6f74 House Call replied to the topic First Renovation Project in the forum Value Adding https://www.propertyinvesting.com/topic/4401303-first-renovation-project/page/2/#post-4632513 Sat, 18 Dec 2010 23:10:31 +0000 jacqui_03 wrote:
Market prices in the area for a 3 bedroom place is around $265k-$275k. Residex estimates it to be valued at $280k. Offer has been accepted at $210k however it needs a new kitchen, carpet, paint, new doors, finish tiling in laundry/kitchen. Bathroom & toilet have already been done renovated. I have negotiated a a 52 day…[Read more]

]]> 8411dbfc064e06debefd9e7da337ed10 House Call replied to the topic Reno with clean hands in the forum Value Adding https://www.propertyinvesting.com/topic/4402161-reno-with-clean-hands/#post-4637988 Sat, 18 Dec 2010 22:35:35 +0000 Catalyst wrote:
. I can replace kitchen, bathroom and paint an entire house in 4 weeks and maybe even rip out a wall.

that's impressive.  How much of all that do you contract out to tradies? 

]]> c39889c3582844a1d84085b230827232 House Call replied to the topic rental agreement trick in the forum Help Needed! https://www.propertyinvesting.com/topic/4402219-rental-agreement-trick/#post-4638293 Fri, 17 Dec 2010 02:59:58 +0000 can you just cross out the "TBA" and insert the correct address on the lease, initial the change and then sign it without actually pointing out the change to your friend?BTW I agree with everybody else-deals with friends get extra messy if they are not at arms length and completely above board.  Just the fact you asked the question on this post…[Read more]

]]> 3a353dcceb98f03ff4be4f1fc32a2bc9 House Call replied to the topic Investment learnings in the forum Help Needed! https://www.propertyinvesting.com/topic/4402168-investment-learnings/#post-4638028 Fri, 10 Dec 2010 22:11:00 +0000 Thoroughly recommend Steve McKNight's book: "From 0-130 properties in 3.5 years" for philosophy of positive gearing.Thoroughly recommend Michael Yardneys book "How to grow a multi-million dollar property portfolio"- for philosophy of buying for capital gain.recommend "20 must ask questions for property investors" by Margaret Lomas for what to…[Read more]

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