PropertyInvesting.com | jmsrachel | Activity https://www.propertyinvesting.com/members/jmsrachel/activity/ Activity feed for jmsrachel. Wed, 15 Apr 2026 10:33:57 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 4f0eade1875819de63af594cdaf35fef jmsrachel replied to the topic some interesting articles on florida in the forum Overseas Deals https://www.propertyinvesting.com/topic/5004473-some-interesting-articles-on-florida/#post-5005344 Wed, 01 Apr 2015 03:53:24 +0000 20% return sounds good to me. So if I was to invest $100k with you, in 6 months i should have $120k (principal plus interest)?

How will I as the investor have security over the deal? Not saying you will vanish midway through the project but I would want to be protected.

Also what happens if the deal blows out from 6 years to say 2 years?…[Read more]

]]> c19365bfa9ae4c1a77f75c032305f00b jmsrachel replied to the topic some interesting articles on florida in the forum Overseas Deals https://www.propertyinvesting.com/topic/5004473-some-interesting-articles-on-florida/#post-5005194 Tue, 31 Mar 2015 10:45:28 +0000 Say i invest $50k. What is my return and how long till I see the return?

]]> 6403e8404e2313549e2c07b23c5b7537 jmsrachel replied to the topic Tasmania - Setting up structure - Need Accountant/advisor/mentor in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4993666-tasmania-setting-up-structure-need-accountantadvisormentor/#post-4993676 Thu, 14 Aug 2014 11:36:21 +0000 Just to prove you don’t need professionals living in the same state as you, I recently used my mortgage broker Jamie who has posted above to refinance my loan. I’m from Melbourne and he was in Europe at the time!(normally from canberra). Process was easy and quick. If he didn’t tell me he was overseas i wouldn’t even have known.

This wouldn’t…[Read more]

]]> 12fd24b43559e87b558c1c9d37558f53 jmsrachel replied to the topic Loan Pre-approval in the forum Finance https://www.propertyinvesting.com/topic/4992331-loan-pre-approval/#post-4992516 Sun, 06 Jul 2014 10:26:33 +0000 Agree with Richard, no need to contact two. Have a chat with a couple and pick the one that you believe you can work with to reach your goals.

]]> bb45fb9e3966cda075b94539684668ea jmsrachel replied to the topic My Latest Reno in the forum Value Adding https://www.propertyinvesting.com/topic/4990259-my-latest-reno/#post-4992063 Sat, 21 Jun 2014 09:25:18 +0000 Yeah the bearers being bowed is one of the signs. I just walk inside and you can instantly feel if the floor dips. If the house is 50 years old and on timber stumps it will most likely need re stumping.

You can even use a spirit level to see where it needs raising.

]]> cd2c5de6ea37be8c2047c4232e7cdbf1 jmsrachel replied to the topic My Latest Reno in the forum Value Adding https://www.propertyinvesting.com/topic/4990259-my-latest-reno/#post-4992058 Sat, 21 Jun 2014 07:03:00 +0000 Hi Tom,

The 50 stumps took me around a week and a half. If I had more bottle jacks I could have done it in under a week. You don’t need builders reports, a quick glance at the stumps will tell you if they are in need of replacing. Also when you walk through a property you will be able to feel where it dips. This is normally an indication the…[Read more]

]]> 2721e31cda1cfe8f61d951ed3ecf9f4b jmsrachel replied to the topic My Latest Reno in the forum Value Adding https://www.propertyinvesting.com/topic/4990259-my-latest-reno/#post-4992015 Fri, 20 Jun 2014 10:38:09 +0000 Off memory cost me around $500. All up changed just under 50 stumps. If you get someone to do it allow around $10k. A lot of Cowboys in this trade so be careful. I’ve seen a lot of shonky work.

It’s hard and dirty work. The soil being sandy didn’t help. Expect sore hands and sore back.

I’m a cabinet maker by trade.

]]> 1d39cd12b2df79bb534cab2cba80dee5 jmsrachel replied to the topic What do you think of this deal? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4991277-what-do-you-think-of-this-deal-3/page/3/#post-4991956 Thu, 19 Jun 2014 05:52:25 +0000 Hey cat,

Are you still flogging property in Florida and Texas? I thought your old mate would have jumped in by now. ;)

]]> 7f5f199d06f4c211950dc3b96e6f0696 jmsrachel replied to the topic My Latest Reno in the forum Value Adding https://www.propertyinvesting.com/topic/4990259-my-latest-reno/#post-4991935 Wed, 18 Jun 2014 12:33:28 +0000 It really depends on how handy you are. Once you start getting trades things can get expensive. A good way to learn is watching the pro’s at work. I find I learn quickly when watching someone else do it.
Which suburbs are you looking at?

]]> 3c55b20809e3aabf3bbc7f298024fbf9 jmsrachel replied to the topic how much did you spend renovating your bathroom? in the forum Value Adding https://www.propertyinvesting.com/topic/4391754-how-much-did-you-spend-renovating-your-bathroom/page/2/#post-4991584 Tue, 10 Jun 2014 10:48:28 +0000 Wow $20k! For that price I can renovate your bathroom and send you on a trip to Europe. You need to get into DIY Jamie!

]]> b85dadaebc43085263b9a1a9240a02ab jmsrachel replied to the topic What Supplements Do You Use? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4991365-what-supplements-do-you-use/#post-4991404 Wed, 04 Jun 2014 12:01:14 +0000 Wow that’s impressive! I hope your boss doesn’t know!

]]> 6dd3d6a94c3dc60305f2589ef430b392 jmsrachel replied to the topic 30 Day Settlement Questions in the forum Help Needed! https://www.propertyinvesting.com/topic/4991345-30-day-settlement-questions/#post-4991403 Wed, 04 Jun 2014 11:53:04 +0000 30 days is really tight. You’d better hope your broker is as quick and good as Jamie!

]]> 984b988550673cc86c588a5ca55c6eb1 jmsrachel replied to the topic Recommendations on builders in the SE suburbs of Melbourne in the forum Help Needed! https://www.propertyinvesting.com/topic/4991373-recommendations-on-builders-in-the-se-suburbs-of-melbourne/#post-4991389 Wed, 04 Jun 2014 06:59:08 +0000 Hey jp can you pm me the contact you have

]]> 60a106f78e0cbdbae4cb18b700016b48 jmsrachel replied to the topic It's almost June (what have you achieved) in the forum Help Needed! https://www.propertyinvesting.com/topic/4991019-its-almost-june-what-have-you-achieved/page/2/#post-4991274 Sun, 01 Jun 2014 23:09:37 +0000 Hey Ben, which council did you have to go through for the planning permit?

]]> 3f62ebdfb5636cec1ad9997246e9dd41 jmsrachel replied to the topic Cashflow Positive Property in the forum General Property https://www.propertyinvesting.com/topic/4991121-cashflow-positive-property/#post-4991137 Thu, 29 May 2014 07:22:20 +0000 House.ksou.cn should list the rental price of the property.

]]> 726638f70355a4f8ae112a33058bbee4 jmsrachel replied to the topic It's almost June (what have you achieved) in the forum Help Needed! https://www.propertyinvesting.com/topic/4991019-its-almost-june-what-have-you-achieved/#post-4991035 Tue, 27 May 2014 01:27:36 +0000 Renovation is a funny thing. During the renovation you find yourself cursing at the world and asking what you have gotten into. Promising yourself never again. Once it’s all done you get withdrawals and start looking for the next one!

]]> 29aab8dd62608f1465bf2a5acb16c6a5 jmsrachel replied to the topic It's almost June (what have you achieved) in the forum Help Needed! https://www.propertyinvesting.com/topic/4991019-its-almost-june-what-have-you-achieved/#post-4991021 Mon, 26 May 2014 11:45:13 +0000 Jp, which suburb did you buy in to get a positive cash flow IP in Melbourne?

My achievement was completing my reno on the Ip. Icing on the cake was on the weekend when next door to my Ip sold for $722K. Same house as mine except it has a pool. Mines a lot more modern.

]]> 47240fb8924508e6c0cf1d3d5826cc3d jmsrachel replied to the topic property investment company in the forum Help Needed! https://www.propertyinvesting.com/topic/4990794-property-investment-company-3/#post-4990863 Thu, 22 May 2014 03:38:10 +0000 The tears will come when you find out the valuation has come in $30k under purchase price.

]]> d12200aab0d655380f2e19ba94abff6d jmsrachel replied to the topic property investment company in the forum Help Needed! https://www.propertyinvesting.com/topic/4990794-property-investment-company-3/#post-4990848 Thu, 22 May 2014 00:34:41 +0000 Oh no! This will end in tears. Be careful.

]]> ffce7c8be34e360942fd8d84e36b7f9f jmsrachel replied to the topic Certus Property in the forum General Property https://www.propertyinvesting.com/topic/4990798-certus-property/#post-4990801 Wed, 21 May 2014 02:26:22 +0000 I had a call from Minnesota,USA last week. Got told I won the Microsoft raffle, (I was automatically entered somehow) prize money $2m US. Just need credit card details to secure prize…..

]]> f7b09091cbf4ad379f337a90ebc1dc8f jmsrachel replied to the topic Are you Buying now or wait? in the forum Help Needed! https://www.propertyinvesting.com/topic/4990758-are-you-buying-now-or-wait/#post-4990773 Tue, 20 May 2014 10:40:10 +0000 Totally agree with Redwood. You’re not going to go wrong in the long run investing in suburbs such as Burwood. These sought after areas will never have a huge drop in value to make it worth while waiting the extra couple years to invest.

If it fits your criteria and in your budget then pull the trigger.

Also, perhaps a quick make over might…[Read more]

]]> 024ed341afdb5fc3d38156312446c3e2 jmsrachel replied to the topic Are you Buying now or wait? in the forum Help Needed! https://www.propertyinvesting.com/topic/4990758-are-you-buying-now-or-wait/#post-4990766 Tue, 20 May 2014 07:29:57 +0000 Haha yes I am very cashed up! I don’t understand people. They over complicate matters. I have a mate waiting to buy since 2007, keeps telling me he’s waiting for the big drop in property prices. Reckons prices will drop at least 50%. While he’s been waiting I’ve added 3 to my portfolio.

If you see a good opportunity now to purchase a property…[Read more]

]]> 71a0aa0f4b381d33a4e6fe767bb87095 jmsrachel replied to the topic Are you Buying now or wait? in the forum Help Needed! https://www.propertyinvesting.com/topic/4990758-are-you-buying-now-or-wait/#post-4990760 Tue, 20 May 2014 04:19:47 +0000 Wait for what exactly?

]]> 5ab0c0936e1cea5e7c635b4b61767a52 jmsrachel replied to the topic Will Banks Lend To Us? in the forum Help Needed! https://www.propertyinvesting.com/topic/4990607-will-banks-lend-to-us/page/2/#post-4990685 Sun, 18 May 2014 10:55:20 +0000 Don’t be silly by going to the bank. Go through a broker! There are several good ones here- I’ve used Jamie and highly recommend him.

]]> d55fed91fccd60dd34a555d09dd8c3db jmsrachel replied to the topic Robert Kiyosaki cash flow 101 -aka rich dad poor dad(western suburbs melbourne ) in the forum Help Needed! https://www.propertyinvesting.com/topic/4990671-robert-kiyosaki-cash-flow-101-aka-rich-dad-poor-dadwestern-suburbs-melbourne/#post-4990683 Sun, 18 May 2014 10:49:16 +0000 I would also be interested. You’re right though, all the meetings are always in the CBD and South eastern suburbs. Too Far if you live in the west.

]]> ffd979a7e9374f14fbd0dcf098390b59 jmsrachel replied to the topic Recommendations for a good mortgage broker in Inner Western Sydney in the forum Finance https://www.propertyinvesting.com/topic/4990505-recommendations-for-a-good-mortgage-broker-in-inner-western-sydney/#post-4990508 Wed, 14 May 2014 06:15:32 +0000 I’d be contacting Jamie if you want to structure things correctly and solid advice. As you can see he’s a good looking man but certainly don’t need face to face meetings. Just a good phone and email.

]]> 43c27284afa5da268a3f8e6c031e08a6 jmsrachel replied to the topic My Latest Reno in the forum Value Adding https://www.propertyinvesting.com/topic/4990259-my-latest-reno/#post-4990279 Thu, 08 May 2014 21:48:56 +0000 Close jp, it’s in Altona.

]]> 9fe3c6ae93aacf37658ebba0b93d029a jmsrachel replied to the topic My Latest Reno in the forum Value Adding https://www.propertyinvesting.com/topic/4990259-my-latest-reno/#post-4990273 Thu, 08 May 2014 10:44:34 +0000 Actually I will soon.

]]> 8f3f0bff54f01c4ff51deafbc209fdff jmsrachel replied to the topic My Latest Reno in the forum Value Adding https://www.propertyinvesting.com/topic/4990259-my-latest-reno/#post-4990271 Thu, 08 May 2014 09:28:42 +0000 $645 is a very conservative valuation. A similar house around the corner on a main busy road sold for $620k. It also needed a lot of work.

The profit in this property will come when I build a rear unit at the back. Three bedroom units are selling for around $480k in the area.

]]> 0d00e3e60a949a7b15568b33112f8a4a jmsrachel started the topic My Latest Reno in the forum Value Adding https://www.propertyinvesting.com/topic/4990259-my-latest-reno/ Thu, 08 May 2014 05:59:19 +0000 I have posted about my latest Reno on another forum if you are interested.

http://somersoft.com/forums/showthread.php?p=1161623#post1161623

Steve / admin – Don’t get upset I tried for hours working out how to start a new thread with photos. Ended up pulling my hair out.

]]> eac94a4f86f501c645729f9343789671 jmsrachel replied to the topic About to purchase first investment property and I am already confused in the forum Help Needed! https://www.propertyinvesting.com/topic/4988635-about-to-purchase-first-investment-property-and-i-am-already-confused/#post-4989691 Wed, 23 Apr 2014 04:04:16 +0000 Richard pretty much owns half of Qld and is very successful.  He wouldn’t have what he has if he doesn’t know what he’s talking about.
Must admit he has been grumpy past few weeks.  I hope it’s not old age getting to him!

]]> 1a8aab169c909ac7acee762c874a41d4 jmsrachel replied to the topic new layout in the forum Site Problems / Feedback https://www.propertyinvesting.com/topic/4740057-new-layout-2/#post-4762345 Thu, 10 Apr 2014 10:22:35 +0000 This is the reason why Freckle doesn’t get invited to dinner much.

]]> e3fe2e6d18e43998c22475adbc25af60 jmsrachel replied to the topic new layout in the forum Site Problems / Feedback https://www.propertyinvesting.com/topic/4740057-new-layout-2/#post-4760311 Thu, 10 Apr 2014 09:27:21 +0000 Took me 20 minutes to work out how to login.
Not happy Jan!

]]> c5c27c39311db615c02efec60ae21fe0 jmsrachel replied to the topic new layout in the forum Site Problems / Feedback https://www.propertyinvesting.com/topic/4740057-new-layout-2/#post-4745779 Thu, 10 Apr 2014 01:57:46 +0000 Everything is great apart from the visual side of things.  Feels like i am trying to navigate through a forest.   Sometimes less is better.

]]> 2c3e54694688eca10a38403aa903c66e jmsrachel started the topic new layout in the forum Site Problems / Feedback https://www.propertyinvesting.com/topic/4740057-new-layout-2/ Wed, 09 Apr 2014 23:07:45 +0000 Really hating this new layout.  Complicated,  too much advertising and too much going on.

]]> d7d03613e702be70ff7426f2afc84edc jmsrachel replied to the topic Dumped by Trump in the forum Overseas Deals https://www.propertyinvesting.com/forums/topic/dumped-by-trump/#post-4700317 Tue, 08 Apr 2014 11:11:01 +0000 Don't you wish they broke your arm in the process of dumping you to the ground? You would have been a millionare from the pay out.

]]> 50b4fd967acc84e99e0a28712982034e jmsrachel replied to the topic Looking for a good mortgage broker and info on home loans in the forum Finance https://www.propertyinvesting.com/topic/4410776-looking-for-a-good-mortgage-broker-and-info-on-home-loans/page/2/#post-4699730 Tue, 01 Apr 2014 01:37:05 +0000 Arun Bhuta wrote:
Dear DerekLangan,
I will strongly suggest you go to broker whom you can meet in person.

Don’t see the point in meeting a broker face to face. I’m sure my broker is very good looking but telephone and email is more than enough to get the job done.

]]> ece1bc7056bc2503ebf2a4135b1ebd0a jmsrachel replied to the topic Interesting !!! Market update in Geelong / Hamlyn heights in the forum Help Needed! https://www.propertyinvesting.com/topic/4410884-interesting-market-update-in-geelong-hamlyn-heights/#post-4700254 Sat, 29 Mar 2014 12:23:46 +0000 Jp I thought you were over property for now and sold most of your stock? Can I ask why Geelong?

]]> 702aa6f8114bfb5ea385ba9332321380 jmsrachel replied to the topic How to untangle a tricky web in the forum Finance https://www.propertyinvesting.com/topic/4409744-how-to-untangle-a-tricky-web/#post-4693472 Sat, 29 Mar 2014 12:18:59 +0000 This is a clear example of why you need a good broker on your team. A mistake like this will cost you thousands.

]]> 4315a1abee2767b12f2cf61b841a3d61 jmsrachel replied to the topic Financial institutions borrowing in the forum Finance https://www.propertyinvesting.com/topic/4410219-financial-institutions-borrowing/#post-4695983 Sat, 29 Mar 2014 04:09:25 +0000 Terry you need to read the post after you’ve consumed a slab of beer. It then magically becomes crystal clear.

]]> f00d9a16f7a22e807ebca6f24b26772e jmsrachel replied to the topic Early mortgage repayment strategy in the forum Finance https://www.propertyinvesting.com/topic/4410227-early-mortgage-repayment-strategy/#post-4696051 Sat, 29 Mar 2014 02:09:24 +0000 Jamie M wrote:

Arun Bhuta wrote:
Dear Ynchai,

Early payment is required to be done but in Offset account. Hence to pay or not to pay is not the question but how to pay is question.

I don't mean to sound rude – but what does that mean?

Cheers

Jamie

Come on Jamie lift up your game! Even my 16 month old son knows what that means!

]]> 3a4086844da826d81c8067d3390bfd96 jmsrachel replied to the topic Melbourne Broker - Profunding? in the forum Finance https://www.propertyinvesting.com/topic/4410834-melbourne-broker-profunding/#post-4700043 Mon, 24 Mar 2014 11:29:03 +0000 You missed an important point- prompt! Have a chat with Jamie, you’ll be surprised.

Finding the right broker is hard. I’ve had a few duds in the past.

]]> 63d58f9777e4b0b125ff71cee54faebb jmsrachel replied to the topic China unravelling faster now...here it comes... in the forum Opinionated! https://www.propertyinvesting.com/topic/4410846-china-unravelling-faster-now-here-it-comes/#post-4700104 Thu, 20 Mar 2014 04:55:38 +0000 The scary thing is as I was reading your post the radio in the background started playing “it’s the end of the world as we know it” by R.E.M. Freaky or what?

]]> bd0575413b2e8b2ea1aa0ccc93ce6cc1 jmsrachel replied to the topic How to transition from a regular job to investing in the forum Help Needed! https://www.propertyinvesting.com/topic/4410789-how-to-transition-from-a-regular-job-to-investing/#post-4699780 Thu, 06 Mar 2014 10:55:54 +0000 Johann what time do you go to bed? You make sleep sound so over rated!

]]> a154f6ece78c8bd93a6ead50a5dc7138 jmsrachel replied to the topic Bathroom Contact Perth- quotes are ridiculous in the forum Value Adding https://www.propertyinvesting.com/topic/4410787-bathroom-contact-perth-quotes-are-ridiculous/#post-4699760 Wed, 05 Mar 2014 00:00:07 +0000 $8k should be closer to the mark. Perth is always expensive for trades.

]]> bdae6bbc4678533b4ad7db09c029fe7e jmsrachel replied to the topic Looking for a good mortgage broker and info on home loans in the forum Finance https://www.propertyinvesting.com/topic/4410776-looking-for-a-good-mortgage-broker-and-info-on-home-loans/#post-4699715 Mon, 03 Mar 2014 10:17:20 +0000 Another happy Jamie client. He's a gun – he'll look after you.

]]> ee9ca1f917c359b379d4d06133c8051e jmsrachel replied to the topic Not long now..... in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410539-not-long-now/page/3/#post-4698402 Wed, 26 Feb 2014 22:49:02 +0000 Freckle what do you reckon of Melbourne with all these job lose?. I think Melbourne is due for a recession soon.

]]> 5518ee143ed63495960b1227aab432f2 jmsrachel replied to the topic Not long now..... in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410539-not-long-now/page/3/#post-4698397 Tue, 25 Feb 2014 09:28:59 +0000 Freckle where have you been? Mate you worry too much. Didn’t your mother ever sing you Doris Day “que sera sera what ever will be will be”. If everything is rosey than life would be boring. It will sort it self out and tomorrow is another day.

]]> d40395a27b0b5939df44b1f29d2d405f jmsrachel replied to the topic Melbourne Mortgage Broker in the forum Help Needed! https://www.propertyinvesting.com/topic/4410751-melbourne-mortgage-broker/#post-4699548 Mon, 24 Feb 2014 09:09:03 +0000 Face to face is old school. Speak to Jamie, he will help you out. I met a few brokers that had themselves at interest and not my finances. Most of my local brokers have no clue and that’s when I bit the bullet and used one interstate that has a good reputation. Wish I made the move earlier.

]]> c1ab85246346e023685bee1504ab4cb4 jmsrachel replied to the topic House prices to drop 30%!! Or Will They? in the forum General Property https://www.propertyinvesting.com/topic/4410723-house-prices-to-drop-30-or-will-they/#post-4699430 Wed, 19 Feb 2014 03:17:34 +0000 Don’t really care anymore. I won’t be the only one in the sinking ship. Let them go down, the bank can deal with the problem then.

]]>