PropertyInvesting.com | jamie2006 | Activity https://www.propertyinvesting.com/members/jamie2006/activity/ Activity feed for jamie2006. Fri, 17 Apr 2026 08:31:38 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 e3b0ee4eeb3b24e55285c496832718be jamie2006 replied to the topic twice rate increases within 4 weeks in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393142-twice-rate-increases-within-4-weeks/#post-4586551 Fri, 09 May 2008 07:21:52 +0000 I was checking my account on the internet today and I noticed that the bank had snuck another increase this week so that makes 3 rises in eight weeks. What bugs me is the increase starts the day the bank sends the letter or dates the letter and I am not officially informed for about a week after the event. I am looking for a better deal.

]]> 0249e526cb9b4ca6f620eaf1d39eb1c1 jamie2006 replied to the topic collapsed sale in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393123-collapsed-sale/#post-4586466 Fri, 09 May 2008 07:09:53 +0000 I hope you have the deposit. I would keep it and start again. Ask your lawyers opinion to give you the options available.

]]> e11d6b6c261a5ad7a3f32078041a8ccd jamie2006 replied to the topic recycling equity to fund purchase for new house(s) without deposit down in the forum Finance https://www.propertyinvesting.com/topic/4393133-recycling-equity-to-fund-purchase-for-new-houses-without-deposit-down/#post-4586523 Fri, 09 May 2008 07:01:57 +0000 The short answer is yes. I did this myself.  Approach your present lender to borrow for the second property, the result is your present property would be security for itself and the second property and the second property would only be the security for the second loan. It will only work if the total equity in both the properties is equal or more t…[Read more]

]]> dea1233610694f9a745b4a04aecbe20e jamie2006 replied to the topic Heating system - necessary for rental? in the forum Value Adding https://www.propertyinvesting.com/topic/4393152-heating-system-necessary-for-rental/#post-4586607 Fri, 09 May 2008 06:41:17 +0000 Put an ad in the paper and see if you can find a tenant with the property as it is. I generally use the internet putting the rate higher than I even expect to get, then I drop it gradually until I find a tenant. The last time I did this I had tenants interested immediately.Putting ducted gas heating will make the property more attactive for any…[Read more]

]]> b1c4683803588b3c25d9d465a0acd967 jamie2006 replied to the topic Looking to assist elderly parent in the forum I am not sure of your https://www.propertyinvesting.com/topic/4393153-looking-to-assist-elderly-parent/#post-4586616 Fri, 09 May 2008 04:36:13 +0000 I am not sure of your present situation but if you live on a suburban block then maybe you will have the opportunity to build a flat or some sort of extension to your house that would provide a separate space for your mother. $140,000 could build between 50 to 70 sqm extension or flat. In this situation you  will not need to charge rent therefore…[Read more]

]]> 3e298a815504eb235798e6541c8b872a jamie2006 replied to the topic Vinyl Flooring in the forum Value Adding https://www.propertyinvesting.com/topic/4392779-vinyl-flooring/#post-4585254 Fri, 09 May 2008 03:58:18 +0000 Vinyl may be all right for a kitchen or maybe an old bathroom. I think polishing the floor boards is a better looking solution and costs about the same or maybe even less. You will need to check the state of the floor under the carpet by pulling up it up at a corner, you will need to fold it back about a meter or so to get a good look. It should…[Read more]

]]> 6f2f0678e54f19d652d49de5a8cdd19a jamie2006 replied to the topic opinions on investing in SA in the forum General Property https://www.propertyinvesting.com/topic/4388773-opinions-on-investing-in-sa/#post-4563759 Fri, 20 Apr 2007 08:44:34 +0000 HiI had a share of property in Firle near Norwood. It was in a rundown state when we got it, so we polished up the floorboards and painted inside and out. It was a great rental for a while. We eventually sold it and doubled our money after 4 years.Happy hunting

]]> d7887b4ae6227d0d764b6076867d7fdf jamie2006 replied to the topic Has anyone came back after losing everything in the forum Help Needed! https://www.propertyinvesting.com/topic/4387914-has-anyone-came-back-after-losing-everything/#post-4559882 Mon, 08 Jan 2007 15:05:35 +0000 Hi

I lost all my savings and ended up with heaps of debt when I was conned into purchasing a non existent business when I was 30. I learnt the meaning of due diligence and how to read contracts after that. I had enough money to put a purchase on a house but I thought I buying a business that would make a good return and I would buy later. Enough…[Read more]

]]> b169531e385565c15fd47013477c5b9c jamie2006 replied to the topic Pay off home by selling investment properties??? in the forum Help Needed! https://www.propertyinvesting.com/topic/4387929-pay-off-home-by-selling-investment-properties/#post-4559952 Mon, 08 Jan 2007 14:32:21 +0000 Hi

I dont know your exact position at the moment but my feeling is that you should consider selling the the negative geared property and putting any capital gains into the the other properties. It may be possible to put enough capital into the break even properties so they are giving a positive return. Whatever is left over could be put in to…[Read more]

]]> ea3336e1f9997f671decedd6c448a5b5 jamie2006 replied to the topic Almost ready to begin investing. in the forum No Subject https://www.propertyinvesting.com/topic/4387742-almost-ready-to-begin-investing/#post-4558945 Sat, 23 Dec 2006 01:54:47 +0000 Hi. It sounds like you have thought this through a lot. I can see a problem with your plan, in so much as, you will need to find good tradesmen and builders to make the plan work really well. If I was in your situation I would start with one property and keep as much money back for the future. I would then go through the whole cycle of purchase,…[Read more]

]]> 30bbd99059454b564d49e28f541fb121 jamie2006 replied to the topic Student Rentals in the forum Help Needed! https://www.propertyinvesting.com/topic/4387718-student-rentals/#post-4558875 Thu, 21 Dec 2006 09:45:34 +0000 Hi. I have place in Canberra where I rent the rooms separately. The rooms have beds in them, I have put a few sofas in the living area, a washing machine and fridge. I charge rent and also for the services such as electricity, gas and a phoneline. It has been reasonably successful. I chose students that are not in their first year, I was lucky I…[Read more]

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