PropertyInvesting.com | huilo | Activity https://www.propertyinvesting.com/members/huilo/activity/ Activity feed for huilo. Sun, 12 Apr 2026 21:16:27 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 ac8a57c7b9c858b085c7c7e1ca2a221f huilo started the topic Multi purpose loan HELP in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5030746-multi-purpose-loan-help/ Sat, 22 Oct 2016 01:39:49 +0000 Hi All,

I bought my first ip1 then had equity release done on it. i then made a split of 55k for ip2 for deposit + buying costs.

ip1
1 loan (has 40k redraw available)
2 loan (55k split for ip2) (has 8k available) didnt end up using whole 55k

ip2 then got revalued and pulled 30k

ip2 loan
ip2 loan (30k redraw available)

all up equity is 78k, I…[Read more]

]]> 3fcada539dccbc47c488f5b3ca304fe7 huilo started the topic Multi purpose loan HELP in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5030746-multi-purpose-loan-help/ Sat, 22 Oct 2016 01:39:49 +0000 Hi All,

I bought my first ip1 then had equity release done on it. i then made a split of 55k for ip2 for deposit + buying costs.

ip1
1 loan (has 40k redraw available)
2 loan (55k split for ip2) (has 8k available) didnt end up using whole 55k

ip2 then got revalued and pulled 30k

ip2 loan
ip2 loan (30k redraw available)

all up equity is 78k, I…[Read more]

]]> fc96c7ce8865cb049a9300086c49484d huilo replied to the topic commercial finance / resi in the forum Finance https://www.propertyinvesting.com/topic/5027973-commercial-finance-resi/#post-5028075 Sat, 02 Jul 2016 09:36:50 +0000 oh i see interesting thanks Richard and Corey!

]]> 8efe76650a57da8379b06823e3ef4ba3 huilo replied to the topic commercial finance / resi in the forum Finance https://www.propertyinvesting.com/topic/5027973-commercial-finance-resi/#post-5028049 Thu, 30 Jun 2016 05:27:27 +0000 so the feeling i’m getting is yes but you need to go no doc loan / top interest rate loans?

Thanks, Huilo

]]> 3bcd54602e7c099439e41c8f61381d2d huilo started the topic commercial finance / resi in the forum Finance https://www.propertyinvesting.com/topic/5027973-commercial-finance-resi/ Tue, 28 Jun 2016 07:27:12 +0000 hi all,

i was wondering if you had maxed out your serviceability and could not borrow anymore but had 200-400k equity in the resi properties which you can’t access/ can’t do equity pull because you maxed serviceability

could you move onto commercial properties? and use that 200-400k equity as security / deposit to purchase the commercial…[Read more]

]]> 62ae7dd919c49f45bcf807e7dd4de1cc huilo replied to the topic Lending in the forum Finance https://www.propertyinvesting.com/topic/5027190-lending-3/#post-5027521 Sat, 11 Jun 2016 20:10:10 +0000 Thanks Richard!

also one more random question how much does it cost to hold a credit license etc yearly on going costs. not marketing / advertising. just compliance costs. i heard one broker say 4k p.a i thought it was extremely high.

]]> e3467a2c4598193f8958cb284fad2bf4 huilo started the topic moving to the UK in the forum Finance https://www.propertyinvesting.com/topic/5027307-moving-to-the-uk-2/ Sun, 05 Jun 2016 10:22:37 +0000 My friend is moving to the uk and he wanted to know if before he left if he bought a property in australia. when he got to the uk after what ever the set period of time is. when he tried to get finance over there for a property. would he have to put his australian property on the loan application. etc for the asset and liability side of it? i…[Read more]

]]> 464e6e90ed5c6b7d1b1b071281c390d3 huilo started the topic Lending in the forum Finance https://www.propertyinvesting.com/topic/5027190-lending-3/ Thu, 02 Jun 2016 09:21:23 +0000 hi all,

i wanted to know the following.

i understand that NCCP doesn’t apply to non coded loans but does responsible lending components still apply?

etc if you were to purchase in a company name would responsible lending components still apply?

Huilo,

]]> 49669bbc09aa124980b604b0345a3f6b huilo replied to the topic banks policies in the forum Finance https://www.propertyinvesting.com/topic/5026393-banks-policies/#post-5026861 Sat, 28 May 2016 06:37:17 +0000 i see this is what i thought, All good.

thanks for the speedy replies!

]]> 39d50406654ec50b04244df412417758 huilo replied to the topic banks policies in the forum Finance https://www.propertyinvesting.com/topic/5026393-banks-policies/#post-5026807 Fri, 27 May 2016 08:25:01 +0000 Would a broker be aloud to give his client a copy of a certain policy if the client asked for it? i assume not but was curious.

Cheers for the feed back!

]]> 543c913adbb5cb5bf7876126ec380a81 huilo started the topic banks policies in the forum Finance https://www.propertyinvesting.com/topic/5026393-banks-policies/ Thu, 26 May 2016 10:03:20 +0000 Hi All,

I wanted to know with bank policies how many there is in relation to residential property lending. etc bank A. has a serviceability policy & a income verification policy.

thats 2 policies. how many are there just for resi home loans?

also is there anyway for a consumer to be able to read policies or would one have to sign up to be a…[Read more]

]]> 315de33ea21cb5b6812f4d0fda0d04b0 huilo replied to the topic Can a rent to buy tenants who is in the lease-option get finance ? in the forum Creative Investing https://www.propertyinvesting.com/topic/5026189-can-a-rent-to-buy-tenants-who-is-in-the-lease-option-get-finance/#post-5026332 Wed, 25 May 2016 09:27:42 +0000 Hi Cris,

it depends you may have had to pay a 25k deposit to get into the house / rent to buy deal. what % of that comes of the purchase price i wouldn’t know you would have to read the agreement.

the caveat just means you have a interest in the property. i’m not a lawyer. i’d assume once you have the deposit and can get finance you would just…[Read more]

]]> c29fd43ce1b88800fe987933757c417b huilo replied to the topic Can a rent to buy tenants who is in the lease-option get finance ? in the forum Creative Investing https://www.propertyinvesting.com/topic/5026189-can-a-rent-to-buy-tenants-who-is-in-the-lease-option-get-finance/#post-5026332 Wed, 25 May 2016 09:27:42 +0000 Hi Cris,

it depends you made have had to pay a 25k deposit to get into the house / rent to buy deal. what % of that comes of the purchase price i wouldn’t know you would have to read the agreement.

the caveat just means you have a interest in the property. i’m not a lawyer. i’d assume once you have the deposit and can get finance you would just…[Read more]

]]> 6c1b6b6e9f60d62b27cf334c43b24fa0 huilo replied to the topic Servicability in the forum Finance https://www.propertyinvesting.com/topic/5025730-servicability-2/#post-5026327 Wed, 25 May 2016 08:01:23 +0000 I see, these contributions how long do you have to wait for it to be considered income? etc i put 1k into super a week only want to do this for 1-3 months to show my super can purchase a property and then i’d stop making the 1k contribution.

also biggest downside is you have to wait till like 55-70 to access it right?

Cheers

]]> 1fe6c069727858af5346042a9899b612 huilo replied to the topic Can a rent to buy tenants who is in the lease-option get finance ? in the forum Creative Investing https://www.propertyinvesting.com/topic/5026189-can-a-rent-to-buy-tenants-who-is-in-the-lease-option-get-finance/#post-5026326 Wed, 25 May 2016 07:57:40 +0000 first question, yes all you’re doing is saving a deposit which you can then show a bank to get traditional finance. i would assume only 2nd tier banks would allow this as general savings i don’t think the big4 would allow this as a deposit.

2nd question you would register a caveat over the property which wouldn’t allow the vendor to sell /…[Read more]

]]> e002fe6a7d759dc1c43a31fd732c237c huilo replied to the topic Servicability in the forum Finance https://www.propertyinvesting.com/topic/5025730-servicability-2/#post-5026119 Mon, 23 May 2016 09:56:16 +0000 how does smsf’s help your serviceability when you are maxed?

Cheers,

]]> e4db865cc088c8c4c91a18caca1b268d huilo replied to the topic $200 if I can also use your RP Data Professional Subscription in the forum Buy, Swap & Sell https://www.propertyinvesting.com/topic/5026050-200-if-i-can-also-use-your-rp-data-professional-subscription/#post-5026116 Mon, 23 May 2016 09:48:52 +0000 which state are you looking for?

]]> 2c7ecc7ea327649ed14a4a352bb8e44f huilo replied to the topic I want to buy property to do "rent to own" where do i start?? in the forum Creative Investing https://www.propertyinvesting.com/topic/5017103-i-want-to-buy-property-to-do-rent-to-own-where-do-i-start/#post-5023273 Fri, 25 Mar 2016 00:56:26 +0000 interesting, how much does it cost to subscribe to veda?

cheers,

]]> 0a481c1fdfc258e68fe5f1d93280da85 huilo replied to the topic I want to buy property to do "rent to own" where do i start?? in the forum Creative Investing https://www.propertyinvesting.com/topic/5017103-i-want-to-buy-property-to-do-rent-to-own-where-do-i-start/#post-5023122 Sun, 20 Mar 2016 07:31:02 +0000 with an instalment contract because its a credit contract does that mean the vendor financier can write on the tenant – buyers credit report etc “missed payments” / defaults? or is that only aloud for mainstream banks?

Cheers, Huilo

]]> f31b7d32d17b8a69eaac70853fc0bb32 huilo replied to the topic casual employment trying to get loan quickly in the forum Finance https://www.propertyinvesting.com/topic/5019337-casual-employment-trying-to-get-loan-quickly/#post-5019340 Mon, 25 Jan 2016 07:25:49 +0000 Hi Corey

so in my situation 4-5 months at job A casual employment full time hours

2 weeks at labour hire casual employment full time hours

if next week i got a new job as a full time employee (etc paid holidays public holidays…)

i would be able to get finance after my first week / payslip?

wouldn’t the 2 weeks employment look extremely…[Read more]

]]> a2058ee1bf08f0372fe2ed7c8f2af09e huilo started the topic casual employment trying to get loan quickly in the forum Finance https://www.propertyinvesting.com/topic/5019337-casual-employment-trying-to-get-loan-quickly/ Mon, 25 Jan 2016 06:37:58 +0000 so i’ve recently got let go from my job as a carpenter at which i was employed as casual (doing full time hours i was employed for 4-5 months) i had 3 days off and then started with a labour hire company as a carpenter casual doing full time hours have been working for labour hire for only a week now and I do not want to wait another 3 months…[Read more]

]]> 77fe713683f01ca1d4802d4a75322f68 huilo replied to the topic Lease Options in the forum Creative Investing https://www.propertyinvesting.com/topic/5014093-lease-options-13/#post-5015258 Sat, 31 Oct 2015 08:39:53 +0000 Hi Richard,

you seem quite knowledgeable with lease options / instalment contracts. i was wondering how you advertised for tenant buyers?

also as you do most of your deals in qld (i think) do you prefer one over the other? etc do you prefer doing instalment contracts compared to lease options? and if so how come?

Cheers,

]]> 3178398ae893a772078aa190197d9c3b huilo replied to the topic Lease Options in the forum Creative Investing https://www.propertyinvesting.com/topic/5014093-lease-options-13/#post-5015258 Sat, 31 Oct 2015 08:39:53 +0000 Hi Richard,

you seem quite knowledgeable with lease options / instalment contracts. i was wondering how you advertised for tenant buyers?

also as you do most of your deals in qld (i think) do you prefer one over the other? etc do you prefer doing instalment contracts compared to lease options? and if so how come?

Cheers,

]]> 8c11c21c8dd5ca1da4a9a65fcc94f9d6 huilo replied to the topic Lease Options in the forum Creative Investing https://www.propertyinvesting.com/topic/5014093-lease-options-13/#post-5015258 Sat, 31 Oct 2015 08:39:53 +0000 Hi Richard,

you seem quite experienced with lease options / instalment contracts. i was wondering how you advertised for tenant buyers?

also as you do most of your deals in qld (i think) do you prefer one over the other? etc do you prefer doing instalment contracts compared to lease options? and if so how come?

Cheers,

]]> 7786dbf020b173f7f1e16f7ebe88224c huilo started the topic lease options for qld in the forum Creative Investing https://www.propertyinvesting.com/topic/5014960-lease-options-for-qld/ Thu, 22 Oct 2015 08:36:40 +0000 Hi all,

i’ve been hearing from many vendor finance people that lease options are generally not that great as when you go to the tribunal you have a higher chance of not coming out on top and that instalment contracts are a better way to go as they are better protected by the NCCP.

i was wondering if there was anyone that does vendor finance…[Read more]

]]> c32911c4b510e32eb272102d05d344dd huilo became a registered member https://www.propertyinvesting.com/activity/p/328530/ Thu, 22 Oct 2015 08:22:51 +0000