https://www.propertyinvesting.com/members/james007/activity/ Activity feed for James007. Wed, 15 Apr 2026 06:13:04 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 ed2706626a7559529ad9d501c2238a54 https://www.propertyinvesting.com/topic/4393256-flatpax-kitchen/#post-4587628 Wed, 21 May 2008 12:05:30 +0000 lol couldnt of been much of a chippie!!!! i dont want the cuts to be 45 degrees in the corners, the correct way to do it is butt join no idea how they cut the bevelled edge though??? it also has to be correctly glued and clamped to seal the join up properly.

]]> bbdb76801ce783fc83c149df450339ec https://www.propertyinvesting.com/topic/4392276-settlement-date-postponed-by-vendor/#post-4582566 Thu, 14 Feb 2008 10:34:17 +0000 wondering if its 14 days from the original settlement date???

]]> 921007ce7d7cfe6e92fe77a95ee82feb https://www.propertyinvesting.com/topic/4392276-settlement-date-postponed-by-vendor/#post-4582563 Thu, 14 Feb 2008 09:12:41 +0000 Thats terrible Trakka at least ours is an IP, it did stuff me around as i just got back from Brisbane and was supposed to continue my holidays back in melbourne to get the reno started, but instead i've had to go back to work until it settles god knows when that'll be and then inform my employer oh by the way i'm having the next week off.

]]> 2e56efa91d7cc9bc9320cc5c169bdf95 https://www.propertyinvesting.com/topic/4392294-good-property-managers-and-how-to-find-them/#post-4582681 Thu, 14 Feb 2008 09:07:37 +0000 Pretty sure property managers Trance

]]> d8b583df947cbe7f792d8d401b3827d0 https://www.propertyinvesting.com/topic/4392294-good-property-managers-and-how-to-find-them/#post-4582679 Wed, 13 Feb 2008 10:20:57 +0000 Thanks to both Elka and Marg for your replies good point Marg on the 30 days notice.

]]> 70a0e8144edfcc4b26b8f076c904ca3d https://www.propertyinvesting.com/topic/4392276-settlement-date-postponed-by-vendor/#post-4582561 Wed, 13 Feb 2008 08:37:30 +0000 Vendor posponed settlement from tuesday until friday becuase the transfer documents have not been stamped by their bank. Now they have posponed it again but they havent given my conveyencer a date,  i have informed my conveyencer to issue them with a notice of recision which gives them 14 days from friday  to settle the property or the contract be…[Read more]

]]> 9154afaabbc678279690e5c61a50de74 https://www.propertyinvesting.com/topic/4391754-how-much-did-you-spend-renovating-your-bathroom/#post-4579157 Wed, 13 Feb 2008 06:04:10 +0000 Wow 10K for a bathroom seems a lot to me, cant say i have done a bathroom yet but being a Elelctrician i have a few tradie mates who will help out. I plan on ripping out the existing shower replacing it with a $200 claw foot bath re tile above bath, re tile above vanity and the boards will be polished.Which auction houses do you go to Kiz.?

]]> cfff04580d9f9a834f80db563cdfce5e https://www.propertyinvesting.com/topic/4392254-quick-question-how-do-you-calculate-depreciation/#post-4582467 Wed, 13 Feb 2008 05:53:11 +0000 Blaze if the property was built before 1987 then you will not be able to claim the building depreceation, QS can i think depreciate things like existing Air Conditioners, Hot Water systems, (Fixtures and Fittings) but if its under a certain combined value then its not worth getting a QS out. Please correct me if i'm wrong guys

]]> 6cbd623c2b00ec49a231d58dfe5e6750 https://www.propertyinvesting.com/topic/4392294-good-property-managers-and-how-to-find-them/#post-4582676 Wed, 13 Feb 2008 05:44:06 +0000 no one with advice out there, common guys i'm sure you all have a learning experience in dealing with a prop manager to share with everyone that just might save us all some heartache..

]]> ecac1ca486056e7b8c08a36664bcd5f2 https://www.propertyinvesting.com/topic/4392312-cgt-and-the-six-year-rule-question/#post-4582741 Wed, 13 Feb 2008 05:40:53 +0000 Will speak to my accountant thanks Terry.

]]> 3508ecb902a0f45c1447f4268615f4ef https://www.propertyinvesting.com/topic/4392276-settlement-date-postponed-by-vendor/#post-4582560 Mon, 11 Feb 2008 03:32:03 +0000 Yeah Trakka same property basically my conveyencer sent them a letter saying reduce the price or we will rescind from the contract due to the added date and building inspection  they didnt reduce the price so i got all my documents in to order ready for settlement and informed them on the 31/1/08 that we would be going ahead with the purchase wh…[Read more]

]]> b005019c099bb1fb3154f8be114780ed https://www.propertyinvesting.com/topic/4392276-settlement-date-postponed-by-vendor/#post-4582558 Mon, 11 Feb 2008 00:04:50 +0000 Spoke to my conveyencer basically she said if i dont want to buy the property then i will lose the $500 deposit and the vendors could sue me for loses, which she said would be unlikely given the small deposit. I asked her if she could put me onto a solicitor but she said she deals with the solicitor and they just do paperwork so she has given me…[Read more]

]]> 5f1f462c88c0022a6b0f0f15c488f2eb https://www.propertyinvesting.com/topic/4392276-settlement-date-postponed-by-vendor/#post-4582556 Sun, 10 Feb 2008 09:05:22 +0000 Hi Trakka we have only put down $500 to date so no big loss in the contract it says "subject to removal of all caveats prior to or on settlement date" this was co-signed by the vendors and myself.

]]> dfcb2f45d7cbd3c6e7de51ee99bdca74 https://www.propertyinvesting.com/topic/4392070-fresh-start-buy-ppor-vs-rent-invest/#post-4581458 Thu, 24 Jan 2008 08:47:42 +0000 DepeHey gusdepends on the size of mortgage you will have for the ppor as to weather you are better off renting or buying. Paying $300 plus rent isnt stupid as it may cost you that or more in interest to have a PPOR then you have the principal which you feel you have to pay becuase you need to reduce the debt as its not tax deductible.Contiuning to…[Read more]

]]> 7449d20c6542459e966a9f60c15d2aed https://www.propertyinvesting.com/topic/4392005-agent-secretly-changed-contract/page/2/#post-4581081 Tue, 22 Jan 2008 10:40:58 +0000 My conveyencer is contacting the vandors conveyencer with an offer of a price reduction on the property due to certain defects or we do not go ahead with the purchase becuase of the alterartion without authorization.

]]> b9a685a09ff67b1929810477a43f835e https://www.propertyinvesting.com/topic/4392005-agent-secretly-changed-contract/page/2/#post-4581080 Tue, 22 Jan 2008 10:36:23 +0000 I can see where you are coming from Trakka, i guess i'm a little jaded about the whole deal as from the start the agents where trying to take advantage of me becuase my partner and i are both younginsh with not a whole lot of experience in RE, i also dont agree with their silent auction type bidding, but then again i made the decision to make an…[Read more]

]]> 4140d518edd81ad4f5b3df4192b53132 https://www.propertyinvesting.com/topic/4392005-agent-secretly-changed-contract/#post-4581078 Tue, 22 Jan 2008 08:17:50 +0000 Hi all basically you guys  are completeyly missing the point the reason why i am negotiating the price down is becuase of the building inspection there are several issues with the property which i have recently recieved quotes for all of which arent huge issues but when you add them up comes to quite a bit more than i actually can afford on the…[Read more]

]]> 37d7d7cfc30abf5ad8e4a594e60eb844 https://www.propertyinvesting.com/topic/4392005-agent-secretly-changed-contract/#post-4581073 Mon, 21 Jan 2008 11:52:24 +0000 Victoria

]]> f84ac53f28f860c398b3bf319d5aa361 https://www.propertyinvesting.com/topic/4392005-agent-secretly-changed-contract/#post-4581071 Mon, 21 Jan 2008 09:35:03 +0000 Spoke with my conveyencer today and i really doubt that he is working for me and not the agent, as he recieves a lot of work from the agent i feel there is a massive conflict of interest. After pointing out the mistake in the contract i told him i would go and have a talk with the agent about it in the mean time he has contacted the agent to tell…[Read more]

]]> 892c94cc62f76f59ea2b5a5825003f5c https://www.propertyinvesting.com/topic/4392005-agent-secretly-changed-contract/#post-4581068 Fri, 18 Jan 2008 23:30:35 +0000 Hi Jon it was done after i signed it possibly when the vendor signed it so if both contracts are not the same they are not legally binding meaning i can walk away without loosing anything. Note the contract was signed on the 28/12/07 so we didnt want a cut off date for the inspection as we didnt know how quickly we could get it done due to holidays etc.

]]> 3f5dc6e8cb5cfd5b1f17af9931ef4876 https://www.propertyinvesting.com/topic/4392005-agent-secretly-changed-contract/#post-4581065 Fri, 18 Jan 2008 12:39:20 +0000 Trying to negotiate the property price down will be hard becuase the vendors will not want to move unless we threaten to pull out, so the agent may have to give up on some commission but even then that wouldnt be a great deal of $$$ some advice from a solicitor might be in order, short of going in there myself and laying it on the table, but with…[Read more]

]]> ec351241f330e95df064e7816167ff70 https://www.propertyinvesting.com/topic/4392005-agent-secretly-changed-contract/#post-4581062 Fri, 18 Jan 2008 08:48:19 +0000 The agent is the owner  dont know where i stand legally but i'd say could be good grounds for negotiation, or further action.

]]> 6adb2050809f277557d1831d45480ddb https://www.propertyinvesting.com/topic/4391926-signed-subject-to-building-and-pest/#post-4580574 Sun, 13 Jan 2008 10:18:32 +0000 if they could enforce 10% of the purchase price on us for unresonable cause in terminating the contract then we would just go ahead and buy the property it would cost less to fix it than pay 10%. Basically if we can walk from the contract then you never know the vendors may obligue and discount the property enough for us to feel comfortable in…[Read more]

]]> 829925305c528b9a870df6561557f1fc https://www.propertyinvesting.com/topic/4391926-signed-subject-to-building-and-pest/#post-4580572 Sun, 13 Jan 2008 03:17:46 +0000 thanks for the responses guys, on the contract it just says subject to building and pest inspection with no date, there are various problems with the house. The report was done on the 2/1/08 so it would be fair  and reasonable to say that we have just recieved quotes on some of the defects and we cannot afford to fix them. Even if the vendor was…[Read more]

]]> c077845fb6edbd79db83685d66c388cc https://www.propertyinvesting.com/topic/4391779-negative-gearing-12/#post-4579318 Tue, 08 Jan 2008 10:37:47 +0000 My other half wouldnt qualify for the fhog i have spoken to my bank manager and i can get the loan in my own name and the title signed in my name only so 100% tax deductible we plan on living in the property before we sell say in 3-5 years time so CGT sholdnt be an issue.

]]> 88c03be226a96cb40a39259a71913b77 https://www.propertyinvesting.com/topic/4391779-negative-gearing-12/#post-4579313 Sun, 06 Jan 2008 12:07:29 +0000 Thanks for the responses everyone, it is more than likely that we will end up renovating the proerty after 3 or so years then moving in ourselves so we wouldnt pay CGT upon the sale of the property, theres know way it will be positive cashflow in 3 years i can assure you of that. So i'm thinking i push the bank to put the property in my name only…[Read more]

]]> c77663e07d85c5afb2cee98fc37a7c79 https://www.propertyinvesting.com/topic/4391779-negative-gearing-12/#post-4579307 Thu, 03 Jan 2008 11:45:49 +0000 Hi guys i'm currently looking at buying in the Footscray West area has anyone bought here got any experience knowledge of footscray i'm finding it difficult to work out land value anyone got an idea??

]]> eda58ec2cedf53407b3888c7ca978016 https://www.propertyinvesting.com/topic/4391779-negative-gearing-12/#post-4579306 Thu, 03 Jan 2008 11:44:07 +0000 Thanks for the reply Steve if the bank wont let my partner co guarentee the loan and we both have to go on the title is there any way of splitting the rental loss so 99% of it goes to me and 1% to my partner?

]]> 7963fb51689ccd436b7b4b7df99d48e1 https://www.propertyinvesting.com/topic/4391779-negative-gearing-12/#post-4579304 Tue, 01 Jan 2008 09:32:19 +0000 We do not have kids, the property will be negatively geared likelyhood of being sued is unlikely. (Touch wood), with tennants in common  does this structure have to be set up by my accountant and how much does it usely cost.

]]> 7ab035b69d91a6b3064128ff9a3db03c https://www.propertyinvesting.com/topic/4391742-buying-an-ip-with-problems/#post-4579098 Fri, 28 Dec 2007 22:45:32 +0000 Thanks for the replies Carlin and Steve, i will get some quotes ASAP the house is unoccupied and the vendor has never lived in it so i dont think they will want to fix any of the problems so a reduction in price will hopefully resolve the issues. The house also has rubbish left through out the property old fridge, old bed, clothes, food in the…[Read more]

]]> 5470870f49253cf6dc89d14521b70a8b https://www.propertyinvesting.com/topic/4391400-development-analysis-should-i-proceed/#post-4577046 Thu, 08 Nov 2007 09:52:33 +0000 The above figures have been done based on selling upon completion

]]> 19a798233c459304650044d3dcf5fa7f https://www.propertyinvesting.com/topic/4391353-setback-distance/#post-4576816 Mon, 05 Nov 2007 07:03:35 +0000 Ring your local council

]]> f45c27e8bbab79d002e989f88402de48 https://www.propertyinvesting.com/topic/4391356-help-free-townhouse-werribee-vic/#post-4576826 Sun, 04 Nov 2007 10:08:52 +0000 Not really a great deal for you having to put in $54,000 of your own money which will not be working for you at all how long do you expect someone to pay off $54000???.A property rap would be a better idea, but like propertypower said its a strong market you should be able to sell it if your price is reasonable.

]]> 22818b52afd4dc90988d921cca4b3582 https://www.propertyinvesting.com/topic/4391329-future-interest-rates/#post-4576702 Fri, 02 Nov 2007 07:16:03 +0000 Interesting stuff guys i'm no economist, my understanding of the economy is somewhat lacking, which is why i'm not so sure how things are goin to pan out over the next five years. The property boom of 99 to 2003 was said to lead to a massive bust in the real estate market but it didnt,  so things went quite for a bit then since the start of this…[Read more]

]]> 47f3ba6b4442ba662b73df5ee4591ecf https://www.propertyinvesting.com/topic/4391315-building-cost/#post-4576638 Fri, 02 Nov 2007 07:00:10 +0000 I'm looking at building in the western side of Melbourne

]]> e286665d6e75605205bf47cad5071b5b https://www.propertyinvesting.com/topic/4391315-building-cost/#post-4576634 Thu, 01 Nov 2007 08:10:28 +0000 Thanks guys for that info, i've spoken to a company who design draft and construct, the guy i spoke to said they dont really build spec homes on subdivided lots due to council regs more often than not things need to be changed, but this sounds to me like it would cost more to build, compared to a spec home.Has anyone had experiences with…[Read more]

]]> 4748e5113195f8d7daf91ffe327694ca https://www.propertyinvesting.com/topic/4391322-fully-furnished-vs-empty-for-new-investment-property/#post-4576666 Thu, 01 Nov 2007 07:51:14 +0000 It might have been vacant for six months

]]> e0e185bde6ed81c581c5c2aa6aacdaf9 https://www.propertyinvesting.com/topic/4391290-national-builders-group-vic/#post-4576536 Wed, 31 Oct 2007 07:41:35 +0000 were in the west are you building ??

]]> 59d90d9bfc1a9a255578aea79eb11cd6 https://www.propertyinvesting.com/topic/4390527-project-manager-costs/#post-4572558 Tue, 30 Oct 2007 07:57:37 +0000 hey locco i'm currently looking for a block to sub divide what would an average 3 bed 2 bath single story be worth to build?

]]> cd28134ab8f22e9c8bfef8a308100ad2 https://www.propertyinvesting.com/topic/4391266-implied-easement-an-easement-that-isnt-shown-but-really-is-there-help-please/#post-4576446 Mon, 29 Oct 2007 07:30:34 +0000 I will have to keep the old implied easement trick in mind so how do you know 100% the piece of land you want to develop does or dosent have easements or overlays that could affect your development?? Usually the easements are run on along the fence line.

]]> 99dd1734ec20b51c309797260a5d5f08 https://www.propertyinvesting.com/topic/4391280-experts-look-here/#post-4576511 Mon, 29 Oct 2007 07:23:28 +0000 Obviously stamp duty savings on a new home as you only pay stamps on the land not the house and then you have depreciation which would be far better in a newer home.  Have a loook at what ameneties the new area has or is going to have and how long it is going to take to get up to scratch, as this can cost you huge capital growth if the area l…[Read more]

]]> 880c3a5db08d6c7fe3059c748a51aedb https://www.propertyinvesting.com/topic/4391166-io-loan-repayment-question/#post-4575909 Wed, 24 Oct 2007 08:59:14 +0000 i didnt think you could pay pay off any of the principal on an IO loan?? 

]]> c9b3b3238d9c7e12109dc0f8475c65eb https://www.propertyinvesting.com/topic/4391166-io-loan-repayment-question/#post-4575907 Tue, 23 Oct 2007 09:06:16 +0000 If you made a lump sum payment of $5000 on a $110,000 IO mortgage wouldnt that just pay the interest not the principal so therefore paying the interest on a $110,000 mortgage not $105,000??

]]> 2041f1a9d48a2acb085b97a3be5b8d50 https://www.propertyinvesting.com/topic/4391204-two-units-one-title/#post-4576144 Mon, 22 Oct 2007 07:37:59 +0000 Thanks for the response guys that clears that up, need to make some calls. Even if i cant seperate them i think they would still be a good buy.

]]> 643c79204f5c73da42e892953ee8ecec https://www.propertyinvesting.com/topic/4391037-pets-in-a-rental-property/#post-4575366 Thu, 18 Oct 2007 08:20:52 +0000 I also have two small dogs and my home is like a display home, it all depends on the owner of the said dog. I'm looking at renting a place for a while so i can invest more and hope that i can find a decent property that allow pets. Making people pay more money to have pets is just going to annoy them and they will move on you either allow it or yo…[Read more]

]]> 456fba11d687e1d3e62e1ce6d0b5202e https://www.propertyinvesting.com/topic/4391087-buying-in-melbourne/#post-4575588 Tue, 16 Oct 2007 10:18:56 +0000 Thanks propertypower, yeah ugly duckling is great puts everyone else off!! 

]]> 30b12c3cfb27d4ac0be4eac99ef8fa2f https://www.propertyinvesting.com/topic/4391087-buying-in-melbourne/#post-4575586 Tue, 16 Oct 2007 09:22:48 +0000 Thanks for your repy Marc the problem with looking at other areas means buying further from the city than we want to live, i'm thinking rent where we want to live invest the money we have in a high interest account until we find a deal that looks good then buy. can rent for around $250 PW which will also enable us to save a lot more money than the…[Read more]

]]> 8c46c2ea1c7d1ec3e2fef4e87acdfa3d https://www.propertyinvesting.com/topic/4391087-buying-in-melbourne/#post-4575584 Thu, 11 Oct 2007 08:42:21 +0000 At the mmt demand is really outstripping supply which puts the ball well and truly in the vendors court, the area i'm looking at purchasing in has gone up by about 20% in the last 9 months. I was looking at purchasing a house to renovate for a quick sale and profit but in this current market thats not going to happen, given the increase in capital…[Read more]

]]> ea2ef9a786b30b37ebfa16fbd5d5e0ad https://www.propertyinvesting.com/topic/4390704-sick-of-greedy-plumbers-electricians/page/8/#post-4573649 Wed, 10 Oct 2007 09:05:37 +0000 2. Relax most electrical & plumbing jobs so un-licensed handyman can do. Also open the flood gate to foreign tradesmenas tradies in most countries are not as spoiled as in Oz. (In Mexico they have to queue every morning for jobs to earn fewdollars a day !)3. Reduce the length of apprenticeship to one year. There is not much to learn in plumbing…[Read more]

]]> 90a81eb5224832cfad4ba9d05de2d8b6 https://www.propertyinvesting.com/topic/4390224-which-investment-strategy-do-you-recommend/#post-4570803 Thu, 19 Jul 2007 08:38:37 +0000 I would rather keep the property rented out and sell in retirement or if i really had to. The loan would be interest only and fixed.  At least by keeping the property you are still gaining capital growth whilst also using the equity to buy other investments. I would only advocate selling IP properties in order to pay off your PPOR (bad debt). C…[Read more]

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