PropertyInvesting.com | jasonfonseca | Activity https://www.propertyinvesting.com/members/jasonfonseca/activity/ Activity feed for jasonfonseca. Mon, 13 Apr 2026 04:57:34 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 14c05ac5cabd1456f698b5d36d78e485 jasonfonseca replied to the topic High income, need to negative gear, First home buyer in the forum I see where you're coming https://www.propertyinvesting.com/topic/4404114-high-income-need-to-negative-gear-first-home-buyer/page/4/#post-4651082 Sun, 10 Jul 2011 11:38:50 +0000 I see where you’re coming from Terry and an offset account is great for its flexibility. But the $100,000 paid down on the loan could be used as equity value / security to be borrowed against for the second property. I don’t think it’s a limitation. Having said that, the offset account is still a viable option if you have $100,000 sitting around…[Read more]

]]> 28ae620aa91283175326db267158af29 jasonfonseca replied to the topic High income, need to negative gear, First home buyer in the forum You know what, that's https://www.propertyinvesting.com/topic/4404114-high-income-need-to-negative-gear-first-home-buyer/page/4/#post-4651080 Sun, 10 Jul 2011 11:10:04 +0000 You know what, that’s actually a common misconception. An offset account is only fantastic if you have a lot of cash sitting idle in your bank account. If you went to a bank, you’ll find that an offset account typically has a higher interest rate compared to the standard mortgage rates – if you’re depositing $300-$400 cash into the offset per…[Read more]

]]> 70ffec50effa55b5809947753de6ce5c jasonfonseca replied to the topic High income, need to negative gear, First home buyer in the forum Spandex wrote:Thank you for https://www.propertyinvesting.com/topic/4404114-high-income-need-to-negative-gear-first-home-buyer/page/3/#post-4651076 Sun, 10 Jul 2011 01:09:36 +0000 Spandex wrote:
Thank you for the helpful post :) I will be having a 10k buffer savings for spikes,sickness,repairs etc. I currently save 1200 a week and still above my needs so 200 a week out of pocket for negative gearing is no worrie. Should I aim to make extra repayments to get to a pos geared loan as soon as I can?

The buffer is a very good…[Read more]

]]> b5412c26b83995c87b377a96827a6dca jasonfonseca replied to the topic High income, need to negative gear, First home buyer in the forum Help Needed! https://www.propertyinvesting.com/topic/4404114-high-income-need-to-negative-gear-first-home-buyer/page/3/#post-4651073 Sat, 09 Jul 2011 03:38:03 +0000 Hi Spandex

I think there’s been quite a few comments about negative gearing being a bad idea, which I think isn’t completely true. Obviously, a positive geared property is fantastic if you can find it, but it’s often difficult.

Given your high income, you are paying a LOT of tax. You should use it to your advantage (let tax work for you) but it…[Read more]

]]> bae2244de93d9b85ef3e66cc302f6a88 jasonfonseca replied to the topic looking to buy in the forum Help Needed! https://www.propertyinvesting.com/topic/4404153-looking-to-buy/#post-4651344 Sat, 09 Jul 2011 03:16:27 +0000 Hey Dellas,

Good job on saving $110K, that must’ve taken a lot of discipline – very impressive.

With $110k in savings, you can easily take out a mortgage of over $400K. Potentially up to $550K if the property generates positive cashflow (assuming you use the $110K as the deposit on an 80% LVR basis).

It depends on your goals in life. Property…[Read more]

]]> cf21ae520bbcf2735eb2d968e2dcf9c2 jasonfonseca replied to the topic Where and How do others research for properties . in the forum Help Needed! https://www.propertyinvesting.com/topic/4404083-where-and-how-do-others-research-for-properties/#post-4650893 Sat, 09 Jul 2011 03:01:39 +0000 Hi there,

There’s already been some great comments above so I won’t repeat them.

What I will add is that many high volume sales real estate agents will typically distribute Weekly/Monthly Property E-Magazines. For instance, Bryn Fowler from Sydney Cove properties in Sydney distribute weekly e-magazine…[Read more]

]]> 23f8df28a5d5976e1d01466f71cb768e jasonfonseca replied to the topic Breaking a Property Partnership in the forum Help Needed! https://www.propertyinvesting.com/topic/4403413-breaking-a-property-partnership/#post-4646345 Wed, 20 Apr 2011 13:01:19 +0000 Wirraway,Scott No Mates is absolutely right.  Selling or gifting a property to a trust or company will create a capital gains event however if you are receiving nothing in exchange for your property, you will need to get an independent valuation to provide that the exchange was at arms length basis for tax purposes as you will need to pay CG at…[Read more]

]]> 3768a095d7893ecebf11f945dbfc6fab jasonfonseca replied to the topic Which property should I choose as IP and minimise tax in the forum Hi recyclingguy, That’s https://www.propertyinvesting.com/topic/4403398-which-property-should-i-choose-as-ip-and-minimise-tax/#post-4646208 Wed, 20 Apr 2011 08:55:14 +0000 Hi recyclingguy,That’s always a key question and I would always suggest that you speak to a professional tax advisor or your local accountant to help you out. Essentially you'll have to calculate your tax position under both scenarios and see what gives you the best tax position.But just as a little guide I think I can help. Just based on the d…[Read more]

]]> 54bddbd2fc38879f0f19f0b41acf3ada jasonfonseca replied to the topic What suburbs in VIC & QLD would you recommend investing/buying in? in the forum Hi all, Some great posts and https://www.propertyinvesting.com/topic/4401977-what-suburbs-in-vic-qld-would-you-recommend-investingbuying-in/page/2/#post-4636788 Tue, 12 Apr 2011 05:22:51 +0000 Hi all,Some great posts and some interesting insights regarding Gladstone.I can't call myself an expert in the particular area but it seems like people are investing in Gladstone essentially as a mining town play – which all investments in mining towns carry very specific risks different from property investments in cities such as Sydney and M…[Read more]

]]> 7261af8000144b83564d2d6b69b433dd jasonfonseca replied to the topic Mining Towns in the forum Pinkboy, Could've hedged https://www.propertyinvesting.com/topic/4401933-mining-towns-6/#post-4636508 Mon, 11 Apr 2011 12:54:37 +0000 Pinkboy,

Could’ve hedged your spending in MAC camps by buying shares in the company. The share price performed fantastically in the 24 months leading up to their takeover. Could’ve made all your money back and more.

Just a thought. ;)

Jase

]]> ce6911ee4a48e578f9d09a3c4d408732 jasonfonseca replied to the topic Mining Towns in the forum Help Needed! https://www.propertyinvesting.com/topic/4401933-mining-towns-6/#post-4636506 Mon, 11 Apr 2011 12:41:09 +0000 Hi Christine,

There’s already been some excellent feedback on this topic already – especially Cath Wood who provided an interesting perspective of the pitfalls of mining town investments.

As Crj pointed out, Mining Town property investments are inherently more risk than Capital City property as investors are exposed to both commodity price risk…[Read more]

]]> c81fb4747c1e1543dfffb3fdf4ff0281 jasonfonseca replied to the topic No Job and $200 000 Cash... in the forum Hi dougie, With $200K you do https://www.propertyinvesting.com/topic/4403309-no-job-and-200-000-cash/#post-4645608 Sat, 09 Apr 2011 07:59:00 +0000 Hi dougie,

With $200K you do have options but understand that you may have a number of personal circumstances that may make things a bit harder for you. All i can say that you are doing the right thing in asking around for advice. Here are couple of decent options if you can get a casual job to support your daily expenses:
1) Given your current…[Read more]

]]> 9a38970b17b8a0defdff60370855a8ab jasonfonseca replied to the topic Where to start? in the forum Help Needed! https://www.propertyinvesting.com/topic/4403296-where-to-start-34/#post-4645556 Fri, 08 Apr 2011 12:02:22 +0000 Hi Tony19,

No credit history shouldn’t be a big deal. As long as you have a good deposit and a steady income, you should be able to get approval from the bank for a mortgage.

Now with respect to where to start, you’re on the right track. You’ve already thought about investment and owning your own business as the means to your financial freedom.…[Read more]

]]> d65179308e424a217a2b7e6a9e002d0f jasonfonseca replied to the topic Property Education in the forum Help Needed! https://www.propertyinvesting.com/topic/4403289-property-education/#post-4645454 Thu, 07 Apr 2011 00:41:06 +0000 Hi Matt,Congrats on your first buy. I was in your shoes many years ago. If you had time off, I would suggest that you pound the pavement. Get to know the top and reputable real estate agents in your city and discuss your ambitions. Get yourself on their mailing list.  The more investment opportunities you'll have to look at, the more chances t…[Read more]

]]> 986c77a6e18b63405a4f310d5533b6f6 jasonfonseca replied to the topic young and starting out in the forum Help Needed! https://www.propertyinvesting.com/topic/4403273-young-and-starting-out/#post-4645363 Tue, 05 Apr 2011 07:49:48 +0000 Hi Breeza,I think it is great that you are serious about looking after your future through investments such as property. I can understand your situation – limited credit, limited savings, getting married, getting older. All I can say is not to worry. You still have plenty of time to create a nest egg for you and your future husband.If you are…[Read more]

]]> eff5ea380534441a278c178e38b22b16 jasonfonseca replied to the topic I want to retire in 6 Years, Going to make it happen ;) in the forum Help Needed! https://www.propertyinvesting.com/topic/4403235-i-want-to-retire-in-6-years-going-to-make-it-happen/#post-4644798 Mon, 04 Apr 2011 06:20:27 +0000 Zaul,I think you have a great ambition and vision, which is where it all starts. Whilst I think it'll be a challenge to obtain finance, it's still possible. – Do you have family or friends who are willing to guarantee you on a loan? – Can you take out some form of insurance product in Canada whereby the insurance company guarantees your mortgage…[Read more]

]]> e7851c03b2bc8efc520b2cbe719214b3 jasonfonseca replied to the topic Mistake I made... hopefully you can learn from it in the forum Help Needed! https://www.propertyinvesting.com/topic/4403238-mistake-i-made-hopefully-you-can-learn-from-it/#post-4644819 Mon, 04 Apr 2011 06:00:04 +0000 Great story and contribution as always Angel. Completely agree – Australians are fixated with the negative gearing story – sold to them continuously by banks, mortgage brokers, tax agents etc. Unfortunately the whole point behind negative gearing is that you're making a loss on your investment on purpose so you can take advantage of the tax…[Read more]

]]> fa305507cd72f590db66d5d22787c4d7 jasonfonseca replied to the topic How to find a property - How to get information in the forum Hi Daewoo, Wow, good stuff https://www.propertyinvesting.com/topic/4403214-how-to-find-a-property-how-to-get-information/#post-4644685 Wed, 30 Mar 2011 23:51:08 +0000 Hi Daewoo, Wow, good stuff on the first property investment. I think you're at the right place -there's lots of people on here who are willing to help. There are a lot of people with hidden agenda in the property investment game and I would suggest that you should find yourself a property mentor who has also been down this path and…[Read more]

]]> 886e2670924b16cf33f3332b8b9f6f37 jasonfonseca replied to the topic Mining town in QLD or WA in the forum Help Needed! https://www.propertyinvesting.com/topic/4403200-mining-town-in-qld-or-wa/#post-4644571 Wed, 30 Mar 2011 23:43:15 +0000 Hi Sherry1Good question!If I was going to invest in mining towns, I would look for cash flow positive properties with the view of making medium capital gains over a shorter than average investment horizon. I like to analyse a property based on the following two criterias:1. Financial (in view of financials / cash flow, capital gain potential, a…[Read more]

]]> 1eefca98177d290526ce739102f6bd0f jasonfonseca replied to the topic 17 year old wants to become a Property Developer in the forum Help Needed! https://www.propertyinvesting.com/topic/4403188-17-year-old-wants-to-become-a-property-developer/#post-4644498 Wed, 30 Mar 2011 23:17:30 +0000 Hi George,You're absolutely on the right track. Save, learn, keep up with the markets and learn the numbers before any investment.I think the press have all pointed to housing affordability being a major issue for the property market. In my view, that doesn't necessary translate to a market crash for investors since this issue really only conc…[Read more]

]]> 2a998379d37813e5ee94f8a4b3fdd9f6 jasonfonseca replied to the topic 17 year old wants to become a Property Developer in the forum Help Needed! https://www.propertyinvesting.com/topic/4403188-17-year-old-wants-to-become-a-property-developer/#post-4644496 Wed, 30 Mar 2011 07:28:44 +0000 Some fantastic advice on here already and good to see so many investors starting young. In response to TK Line's fears – it's a fair observation but people in the market have been making similar observation on the mining boom for decades.  Property prices won't come crashing down out of the blue without some form of catalyst. In my view, major C…[Read more]

]]> 58b7ac37bcc4d0810a261f8138f8d501 jasonfonseca replied to the topic Aspiring investor in the forum Hi Skyes, Good on you for https://www.propertyinvesting.com/topic/4403101-aspiring-investor/#post-4643881 Mon, 28 Mar 2011 03:57:40 +0000 Hi Skyes,Good on you for being proactive. I bought my first property immediately after graduating from uni and before I even started my graduate job so it's definitely achievable. Here are my steps:1. Worked my bum off during uni to save up a reasonable deposit. Part time jobs, internships, scholarships etc. It's not easy, but it's possible.2.…[Read more]

]]> f9bcaec361096b492efe8d5c3cf0814c jasonfonseca replied to the topic National Rental Affordability Scheme (NRAS) in the forum Help Needed! https://www.propertyinvesting.com/topic/4402975-national-rental-affordability-scheme-nras-2/#post-4643232 Fri, 25 Mar 2011 05:19:18 +0000 One of my colleagues actually advised the federal government on NRAS. Generally speaking, it's a good initiative but although the developer / manager benefits from the tax scheme, a lot of these properties are actually not based in good capital growth areas. Fundamentally, NRAS is in the interest of society rather than for investors. You'll invest…[Read more]

]]> f5de055451a557c4438163e9d4ca9b7f jasonfonseca replied to the topic Selling or not selling? in the forum Help Needed! https://www.propertyinvesting.com/topic/4402382-selling-or-not-selling/#post-4639310 Fri, 25 Mar 2011 04:59:26 +0000 alan1237 wrote:
Hi guys, I'm a newbie…I've a PPOR with $600k with loan around $450k and an IP with $520k with loan around $300k, currently renting at $320pw.I just signed the contract of an off-the-plan new PPOR and I'm going to sell my existing PPOR to settle the new one.I'm not sure if I would have to sell my IP or not…otherwise the monthl…[Read more]

]]> 9b348b17a77ed24ba779729985e79b20 jasonfonseca replied to the topic New starters need advise from experienced investors. in the forum Help Needed! https://www.propertyinvesting.com/topic/4403000-new-starters-need-advise-from-experienced-investors/#post-4643408 Thu, 24 Mar 2011 00:15:06 +0000 Hi Maxi80The deposit is always the first step. Unfortunately, you need to go through the boring process of actually creating a budget to understand what you're savings situation is and if you can cut back on your spending. There's some free websites out there that helps you do this but a good one that I've seen can be found on the NAB…[Read more]

]]> e889d0ad3a96f4fd7047c22adcd2951b jasonfonseca replied to the topic First Time Investor-Help with choosing a stratergy in the forum Help Needed! https://www.propertyinvesting.com/topic/4402901-first-time-investor-help-with-choosing-a-stratergy/#post-4642784 Thu, 24 Mar 2011 00:08:54 +0000 Hi Scotty,It's fairly daunting and not easy to get up to speed with the many strategies that's available.If you're starting out and you really want to just make money off property investment, I would typically go for a positive gearing strategy with the hope of making good capital gains. Now that's easier said than done – depending with where you…[Read more]

]]> 23a62014a33be1ea7a65a7426f7293d5 jasonfonseca replied to the topic Beginner in the forum Help Needed! https://www.propertyinvesting.com/topic/4402907-beginner-3/#post-4642817 Wed, 23 Mar 2011 23:51:40 +0000 Hi Jake,Good on you for taking the first step in securing your future. I bought my first property when I was 21 with a lot less in savings, so you're already ahead of me when I first took the plunge! <moderator: delete advertising>My second suggestion, find yourself a mentor. Talk to your friends, family and others who you trust that have made…[Read more]

]]> c71fd2482bd5cf3cf14a830f6a077440 jasonfonseca replied to the topic Bit of help, what to do with money??? in the forum Hi bullet46, Welcome to the https://www.propertyinvesting.com/topic/4403129-bit-of-help-what-to-do-with-money/#post-4644035 Wed, 23 Mar 2011 03:20:58 +0000 Hi bullet46,Welcome to the forum! Congratulations on your property flip – $100K in 12 months must feel good. Good question. What are your goals? Either strategy, you will most likely need a mortgage. What I can suggest to you is to understand the numbers back to front. Calculate what your mortgage repayments will be, what your cashflow will be…[Read more]

]]> c1510fe6edce7501894d787028b3d1a0 jasonfonseca replied to the topic RPData in the forum Help Needed! https://www.propertyinvesting.com/topic/4402823-rpdata/#post-4642265 Wed, 23 Mar 2011 01:06:26 +0000 Hi BigTeddyIf you're after property data, a good alternative to RPData is the real estate instute of australia property data website (http://www.realestateview.com.au/propertydata/) or InvestSmart (http://www.investsmart.com.au/property-research/NSW/2038/Annandale.asp.)Furthermore, MID has an innovation patent awarded wizard which walks you…[Read more]

]]> d0cc886d7db21c85ae5546b6fe5ee48c jasonfonseca replied to the topic basic excel property investing spreadsheet needed to work out figures in the forum Help Needed! https://www.propertyinvesting.com/topic/4403122-basic-excel-property-investing-spreadsheet-needed-to-work-out-figures/#post-4643996 Wed, 23 Mar 2011 00:48:26 +0000 Hi Jeff,Good on you for being proactive and doing the research! Try MID – it's a free property investment analysis calculator at http://www.myinvestmentdecision.com.auIt's completely free. Takes a few minutes to sign up and easy to use. The website's been awarded an Innovation Patent. It's actually much easier / less prone to errors than excel. Sho…[Read more]

]]> 7552f2571bcf1b60c427c09458263539 jasonfonseca replied to the topic Myinvestmentdecision.com.au - Free Investment Property Analysis tool in the forum Heads Up! https://www.propertyinvesting.com/topic/4402679-myinvestmentdecision-com-au-free-investment-property-analysis-tool/#post-4641070 Sat, 12 Feb 2011 08:22:12 +0000 Hey Karen,

That update has gone through. There is now a question you can use to disable the loan features. Try out the helpers on the right hand side if you need help filling in items. The tool works best when you can give us all the inputs, but the helpers are there to assist you in estimating the value.

Have a nice day.

Jason

]]> fdcabd6ac35d59c1457c51d3bbf85e7f jasonfonseca replied to the topic Myinvestmentdecision.com.au - Free Investment Property Analysis tool in the forum Heads Up! https://www.propertyinvesting.com/topic/4402679-myinvestmentdecision-com-au-free-investment-property-analysis-tool/#post-4641069 Fri, 11 Feb 2011 05:14:35 +0000 Hey Karen,

Thank you so much for your feedback. Definitely a problem there so cheers for pointing it out. I’ll get our dev team working on it asap.

Do you have any other curve balls you’d like to see the system do? If you have the time shoot me an email – jason at myinvestmentdecision.com.au. I’d been keen to hear it if you have the time.

Regards

Jason

]]> 580971c0c075e0f55e299a1a0b177863 jasonfonseca replied to the topic I'm stuck! in the forum Help Needed! https://www.propertyinvesting.com/topic/4402668-im-stuck/#post-4641018 Mon, 07 Feb 2011 08:08:35 +0000 Good to hear Nicole. Let me know if you need any assistance, or you can shoot a message through the feedback form’s that are located on the bottom of every page.

]]> 5b490eb6ceb414f8179493a867b5110b jasonfonseca replied to the topic Understanding growth in the forum Help Needed! https://www.propertyinvesting.com/topic/4402678-understanding-growth/#post-4641066 Sat, 05 Feb 2011 04:56:16 +0000 Understanding growth isn’t easy – 10 year growth rates are a great start/ Use the CG chart that you provided to find a suburb that has had decent 10 year growth, then look at the reason why it has had that growth. Don’t discount suburbs that don’t meet the 10% though,
Consider this: perhaps a suburb has had excellent growth in the past 9 years,…[Read more]

]]> dde6de643cd482234c24dda345eb3e8c jasonfonseca replied to the topic Interest only loans with offset in the forum Help Needed! https://www.propertyinvesting.com/topic/4402630-interest-only-loans-with-offset/#post-4640771 Sat, 05 Feb 2011 04:50:18 +0000 my 2 cents – you can negotiate with the banks. If not on interest rates, then at the very least on establishment fees etc. If you go with a mortgage broker, it costs you nothing out of your own pocket, but the banks need to pay the broker. There are a lot of brokers on the forums who i am sure can get you a better deal with the big 4 banks than…[Read more]

]]> cf68c7ef4b9c98727e50dd7455a604a2 jasonfonseca replied to the topic I'm stuck! in the forum Help Needed! https://www.propertyinvesting.com/topic/4402668-im-stuck/#post-4641016 Sat, 05 Feb 2011 04:44:28 +0000 Just to reaffirm what the others have been saying –

If you are looking for capital gains, the more land, the better. Land appreciates in value. Property does not appreciate very much. You can always build a fresh property to unlock the value of the land, but you can’t create new land :)

If you are interested in comparing the long term financial…[Read more]

]]> 52fc915528f1c1c4ea9f91f9931d6667 jasonfonseca replied to the topic Advice on who I should speak to in the forum Help Needed! https://www.propertyinvesting.com/topic/4402660-advice-on-who-i-should-speak-to/#post-4640963 Sat, 05 Feb 2011 04:38:38 +0000 Hey Mick,

First of all – excellent effort looking into this strategy for investment. Alot of the 23 yo’s I know aren’t even that interested in property. We all know the earlier you do it the more years you’ll have.

I totally agree with Leo on this topic that while advisors are going to be essential, you really need to start learning about the…[Read more]

]]> 9a6ad397463e9357653adbda92c20dbc jasonfonseca replied to the topic My first plunge - a little advice would keep me afloat. in the forum Help Needed! https://www.propertyinvesting.com/topic/4402553-my-first-plunge-a-little-advice-would-keep-me-afloat/#post-4640308 Wed, 26 Jan 2011 06:34:24 +0000 1. Considering this to be my fist-time venture in IP, what budget should I limit myself to (Supposing the banks are approving a loan of 300k).
Stick to low budget to begin with and invest for a positive cashflow rather than looking at places with a high capital gain. This way you can begin to pay for the expense of renting with the money from the…[Read more]

]]> c56041037105c3f65490e5bc81dd77cd jasonfonseca replied to the topic Who pays the 'asking price'? in the forum Help Needed! https://www.propertyinvesting.com/topic/4402564-who-pays-the-asking-price/#post-4640417 Wed, 26 Jan 2011 06:26:56 +0000 My thoughts are that the asking price is always more than you should pay. To take a page from Robert Kiyosaki – you should look at 100 properties, offer on 10 and get exactly 3 acceptances. Of the 3 you would then cancel 2 and accept one.

If you get more than 3 acceptances, you know you are offering too high. If you get less, you are likely…[Read more]

]]> 31cc5108c7c1108ec687f61473e74d51 jasonfonseca replied to the topic Maximise the Cost of Construction in the forum "their depreciation https://www.propertyinvesting.com/topic/4402557-maximise-the-cost-of-construction/#post-4640381 Wed, 26 Jan 2011 06:24:49 +0000 “their depreciation deduction relative to the purchase price has also increased.” that sounds wrong.

Depreciation is always calculated based on construction costs, so they would be depreciating on 175k less 2 years of depreciation. What they have said implies that depreciation for owner one was 175k over x amount of years and now for owner 2 it…[Read more]

]]> db2933ca27d37d74b3e34624bf2b9edb jasonfonseca replied to the topic Rich Dad, Poor Dad Confusion in the forum Help Needed! https://www.propertyinvesting.com/topic/4402573-rich-dad-poor-dad-confusion/#post-4640475 Wed, 26 Jan 2011 06:13:48 +0000 Hey GameTime,

Just to reinforce what other people have been saying, the US property market is very different to the australian property market. For example, here we have negative gearing tax benefits. These don’t exist in the US. Unfortunately for us, this seems to have made investors more willing to pay a higher price for a property which may…[Read more]

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