PropertyInvesting.com | Jen1 | Activity https://www.propertyinvesting.com/members/jen1/activity/ Activity feed for Jen1. Sun, 12 Apr 2026 22:24:50 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 7ff0cf660bbe5425ba1e009f16cd7b84 Jen1 replied to the topic Is the interest on closing costs (LOC account) tax deductible? in the forum Agreed - I can do that! https://www.propertyinvesting.com/topic/4404226-is-the-interest-on-closing-costs-loc-account-tax-deductible/#post-4651821 Wed, 20 Jul 2011 23:42:13 +0000 Agreed – I can do that!

]]> 47030d34e12dcf4e1d497f9bdb281fda Jen1 replied to the topic Is the interest on closing costs (LOC account) tax deductible? in the forum Thanks. Just got an email https://www.propertyinvesting.com/topic/4404226-is-the-interest-on-closing-costs-loc-account-tax-deductible/#post-4651819 Mon, 18 Jul 2011 10:56:46 +0000 Thanks. Just got an email back from my accountant – he said it is fine as long as it is a designated LOC.  Yea – much rather use tax-deductible debt than non-deductible equity! Let's hope my next offer is accepted. 

]]> 86a2da5aebd1984b2e5b3583f91b8481 Jen1 replied to the topic Investment property in Upper Coomera? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404157-investment-property-in-upper-coomera/#post-4651353 Mon, 18 Jul 2011 04:12:03 +0000 My sister lives in Upper Coomera and I have an IP not far away from this, so I know the area quite well. I feel that Upper Coomera will have quite a bit of growth in the long term. It does have pockets that are mainly owner occupied and other areas that are almost exclusively rentals. You will generally do better in terms of growth (and probably…[Read more]

]]> 2da5016d08c8c545af595e6db3921d48 Jen1 replied to the topic Buying a block of 6 units in one line- first timer in the forum Value Adding https://www.propertyinvesting.com/topic/4399976-buying-a-block-of-6-units-in-one-line-first-timer/#post-4624666 Sat, 22 May 2010 12:18:46 +0000 I have been told that the only way that allows JV partners to keep/sell/own a single unit in a block is by setting up a partitioning agreement prior to purchase. I believe the usual JV agreements are viewed as %ownership of every unit by the ATO. I am not an expert in this area. Check it out with your accountant and solicitor before you buy.

]]> 04ee0af31dbb5c15b38800fbe840ace8 Jen1 replied to the topic No Building Certificate? in the forum Help Needed! https://www.propertyinvesting.com/topic/4399983-no-building-certificate/#post-4624707 Sat, 22 May 2010 11:49:49 +0000 Thanks Slipper.Just found another worrying clause in the General Housing Code section of the Planning Certificate:"Complying Development under the State Environ. Planning Policy (Exempt and Complying Development Code) 2008: General Housing Code amy not be carried out on the land. It is prevented by a land exemption specified in clause 9.91 as it…[Read more]

]]> 2ac1eb91aa89f9ca2a8c6ca24edb45da Jen1 replied to the topic No Building Certificate? in the forum Help Needed! https://www.propertyinvesting.com/topic/4399983-no-building-certificate/#post-4624706 Sat, 22 May 2010 11:44:27 +0000 Thanks Slipper. Just found another clause under the General Housing Code off the Planning Certificate:"Coplying Development under the State Environmental Planning Policy (Exempt and Complying Development Code) 2008: General Housing Code may not be carried out on the land. It is prevented by a land exemption specified in clause 1.19 as it comprises…[Read more]

]]> 8436e1eaf3d3f0d390f7b90071361ccf Jen1 replied to the topic How much to build 3 villa/units? in the forum Value Adding https://www.propertyinvesting.com/topic/4382736-how-much-to-build-3-villaunits/page/2/#post-4532833 Tue, 18 May 2010 11:05:52 +0000 Hey Zulik and Sonja – 5 years on. What did you do? How did it go?Jen1

]]> 81e6f1787bd782639369c41602a2df80 Jen1 replied to the topic Advice sought - how to not pay deposit (or interest on it)? in the forum Thanks House Call. I thought https://www.propertyinvesting.com/topic/4399845-advice-sought-how-to-not-pay-deposit-or-interest-on-it/#post-4623982 Mon, 17 May 2010 10:26:00 +0000 Thanks House Call. I thought the same but when I spoke to the bank I got all confused about it. Some managers are not proficient at explaining things! Thanks.

]]> 700a9aa90ee49f0188fefa31fb978493 Jen1 replied to the topic Single Dwelling Covenant in the forum Creative Investing https://www.propertyinvesting.com/topic/4398939-single-dwelling-covenant/#post-4618054 Thu, 11 Mar 2010 11:30:52 +0000 Thanks RHPlanning! I will check it out.

]]> 8596a8512fd858248707e03a586f0cdb Jen1 replied to the topic How to contact owner? in the forum No Subject https://www.propertyinvesting.com/topic/4384568-how-to-contact-owner/#post-4542842 Wed, 15 Mar 2006 16:40:35 +0000 Thanks for all your suggestions.

I did a title search and looked up the yellow pages in the hope that the owner also lives in the same town. Lucky for me they did! [biggrin]
However, although I have rang twice and spoken to his very lovely wife, I have not yet managed to catch him (and I get the impression she is more concerned about getting him…[Read more]

]]> 650c7c91fde9913278df13b2418d7b7b Jen1 replied to the topic How to contact owner? in the forum Help Needed! https://www.propertyinvesting.com/topic/4384568-how-to-contact-owner/#post-4542835 Fri, 03 Mar 2006 12:36:38 +0000 Thanks for the advice. I am hesitent to contact an RE for that very reason! Is it possible for ‘normal’ people to access RPdata? However I don’t think a letter will work as it is actually a block of flats. Would getting a title search help maybe? If so, would I need a solicitor?

Thanks,
Jenny

Jenny

“Knowing is not enough; we must apply.…[Read more]

]]> 5e71c6d9290f35ff508fa8faf133c087 Jen1 replied to the topic Relocating houses in the forum General Property https://www.propertyinvesting.com/topic/4383655-relocating-houses/#post-4537985 Mon, 02 Jan 2006 04:54:41 +0000 Do ensure that your check with the local council, and ask the removal home people about your council too before you do anything. I know that it is near impossible to get my local council (regional NSW) to approve a removal home development – it would be cheaper to build new. Check it out first and ask the council if there have been any previously…[Read more]

]]> 3934a49b6493f24e35809ae2f29f3e1e Jen1 replied to the topic Yibbidah Yibbidah,Where to now?? in the forum Value Adding https://www.propertyinvesting.com/topic/4383456-yibbidah-yibbidahwhere-to-now/#post-4536845 Wed, 14 Dec 2005 18:36:49 +0000 Hi Camder,

I haven’t developed before but have been looking into it. Thought I’d throw my 2 bobs worth in anyway.

I would imaging if you are doing this as a partnership you would want a clear contract between the 2 of you from the outset. CGT discount only applies if it is in your own name and you have held property for >1yr. Hence need to weigh…[Read more]

]]> e3b4c1d449711dc342ccabc411829c45 Jen1 replied to the topic Subdividing in the forum Value Adding https://www.propertyinvesting.com/topic/4383544-subdividing-3/#post-4537290 Wed, 14 Dec 2005 18:22:50 +0000 Hi Craig,

I have not done a subdivide yet, but have looked into it in my area (NSW).
You need to contact a planner at your local council and speak with them. Each local council has their own charges for subdividing. You also need to check the minimum land sizes and the minimum distances from boundaries, min private spaces etc with them too. This…[Read more]

]]> c660ebd887d548f5880d31f5acd72a78 Jen1 replied to the topic Can someone help analyse this deal in the forum Help Needed! https://www.propertyinvesting.com/topic/4382570-can-someone-help-analyse-this-deal/#post-4531804 Thu, 06 Oct 2005 05:56:11 +0000 Hi All,
I too have a rather large and scary project (as a newbie) that I’m excited about and would like some advice on a block of strata titled units.

Cost 1.35M firm [uneasy]
Stamp Duty ~60K
Interest ~100K

Currently -cf but I plan to sell two units (put back into loan to reduce interest) and furnish others to bring total income to +cf by…[Read more]

]]> a315e884bbd987c952fe9298e338eb2e Jen1 replied to the topic Ready for Reignition in the forum Heads Up! https://www.propertyinvesting.com/topic/4382156-ready-for-reignition/#post-4529043 Wed, 05 Oct 2005 17:49:45 +0000 Thanks for all your kind words, advice and support.

I took your advise and had the IP valued – would list at $40K above purchase price [biggrin]. So at least it is getting better. Unfortunately, I just found out my tenant is over his head and is going to leave. He promises to repay what he owes (fingers crossed as it is a bit more than the bond).…[Read more]

]]> c7a8b24f7e9b7acaf8a6a8b35415c41e Jen1 replied to the topic Crunching numbers in the forum Help Needed! https://www.propertyinvesting.com/topic/4382551-crunching-numbers-3/#post-4531676 Wed, 05 Oct 2005 17:35:50 +0000 Hi All,
Thanks for the informative posts. I too have been looking at a block of flats, but in NSW. As a newbie, I found Dazzling’s post of enormous help (thanks). I used your ‘template’ and came up with similar results (2.2% break even but not quite as -cf as luan’s property).
I too am considering buying and then selling off strata units but I…[Read more]

]]> 567f15f3623ba4cd228025af0ec11c69 Jen1 replied to the topic Ready for Reignition in the forum Heads Up! https://www.propertyinvesting.com/topic/4382156-ready-for-reignition/#post-4529039 Mon, 12 Sep 2005 10:38:55 +0000 Thanks Hellman. Some good tips there. Any other opions on ‘riskier’ properties?
Jen

]]> b43c8563306179c467176b3fa6eb4c18 Jen1 replied to the topic Australia's Best Cashflow Positive Suburb in the forum Help Needed! https://www.propertyinvesting.com/topic/4379072-australias-best-cashflow-positive-suburb/#post-4508657 Wed, 09 Mar 2005 08:20:49 +0000 Hi. This is my first visit to this site after reading Steve’s book – and I am impressed. I have to admit that I already have a -ve geared property (ouch) but am looking to rectify my situation. I have been looking for properties in QLD so far with no luck. I would be interested in knowing whether anyone else has been able to find +ve properties in QLD.

]]>