https://www.propertyinvesting.com/members/jonchu/activity/ Activity feed for JONCHU. Fri, 10 Apr 2026 22:07:22 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 53f088ba2bfd618bc2a345da0c3326e0 https://www.propertyinvesting.com/topic/4392865-advice-for-my-parents/#post-4585563 Thu, 10 Apr 2008 10:26:47 +0000 Hi Tugger, make sure landscaping is really going to bring the additional dollars, do some research on similar properties, talk to a few agents and get them to appraise the property and ask what features are "selling" at the momet in the Hobart market. You could even "list" the property for sale in the local paper (tiny classified add – private…[Read more]

]]> 432d9dada34fc88952afe39cf90f02a7 https://www.propertyinvesting.com/topic/4392719-where-do-i-start-my-research/#post-4584685 Wed, 26 Mar 2008 10:32:23 +0000 I say, start researching inside yourself, as In what is it that you want to achive from investing in property. Property is just a vehicle to get you closer to your dreams/goals…

]]> efeaca3169a83d81d117e0c5654e6c66 https://www.propertyinvesting.com/topic/4392576-i-want-to-buy-a-house/#post-4583974 Fri, 07 Mar 2008 21:05:36 +0000 Hi Mariegold, buying a house is easy as long as you can afford it. For example $10K is 10% deposit on a $100K property.  5% on a $200K property, etc.My point is, it all depends on how much you earn (your ability to service a loan), and how well you have managed to stay out of debt (credit card, car, furniture, etc).

]]> 748dfcf8c03764afa34c4ae48dadcb49 https://www.propertyinvesting.com/topic/4392548-impact-of-90000-land-opening-up-in-vic/#post-4583823 Fri, 07 Mar 2008 20:58:27 +0000 Yes, I read the same, however like duckster I could not see any comments regarding infrastructure developments, etc. If you build them they will come… well I am not so sure…

]]> b8f107165eee73be57eb7ad5feab22a0 https://www.propertyinvesting.com/topic/4392425-infobooks-on-developing-unitstownhouses-subdivision-etc/#post-4583263 Fri, 22 Feb 2008 21:34:24 +0000 Hi Mixedup, Ron Forlee books are a great starting point.In regards to building costs, you wont find them in texts. The easiest way would be to talk to builders in your area. Just ask the question.I have built in the past at around $1000 x sqm (mythical in some areas).Happy investing

]]> ff24da9b5a2f8aa2cac6f1829d3d259d https://www.propertyinvesting.com/topic/4389933-investing-full-time/#post-4569377 Sat, 16 Feb 2008 23:47:29 +0000 It is also important to understand that accumulating properties is just one aspect of full time investing, however like any other successful business you need to sell something. This is what full time investors do, I do. You have the properties that you hold for your long term wealth/goals and you sell some others via wraps/lease…[Read more]

]]> 1dda6577ac3df0c732048fcc8c20cac1 https://www.propertyinvesting.com/topic/4392206-is-this-how-to-upgrade-your-own-home-with-the-help-of-an-ip/#post-4582259 Mon, 04 Feb 2008 20:51:10 +0000 Hi Elly, this is a very personal question.Is there any way you can do an extension to your current place, get it revalued and leverage into IP?With the extension you may also have that extra space you need for your children, etc. See, you have no guarantee that your purchases will grow up X over the next few years, the only thing that is…[Read more]

]]> 63eee931d33a5e88f54858ed3af81c5e https://www.propertyinvesting.com/topic/4392167-mortgage-for-ppor/#post-4582038 Fri, 01 Feb 2008 23:30:01 +0000 the good old "chicken close" pitch, never works…

]]> f871097dbce28ddaa931797694de80f4 https://www.propertyinvesting.com/topic/4390809-mac-users/#post-4574218 Thu, 31 Jan 2008 08:31:28 +0000 I am with brookelea, in fact, the forum (layout, colours, etc) looks actually better on my Imac than on my Windows based laptop. I love my MAC.

]]> ad29e2058a3fb82f23f0741eec8e3b92 https://www.propertyinvesting.com/topic/4392152-legal-structures-giving-me-headaches-single-with-business-want-to-invest/#post-4581887 Thu, 31 Jan 2008 08:25:25 +0000 I would aim to keep the business separate from the properties (in a different entity), just in case one goes down, the other venture would be "protected".

]]> 5c614dc01c77c8abe43d0d17dc57a273 https://www.propertyinvesting.com/topic/4392094-worst-property-mistake-ever/#post-4581602 Wed, 30 Jan 2008 21:22:11 +0000 Not buying more of those $60K houses getting $160PW rent…if only I had bought a dozen more!

]]> 148373488eab840c7332b03ed4474dc4 https://www.propertyinvesting.com/topic/4392127-spotters-fee-5/#post-4581730 Wed, 30 Jan 2008 11:37:25 +0000 Terry is right, you do need a Buyer's agent license. In regards to being a spotter, what do you consider to be a good deal? what is your experience? How many IP's do you own or have negotiated in behalf of clients?

]]> b1559b9eb7ac12b208ee7187118f2a65 https://www.propertyinvesting.com/topic/4392130-unsustainable-growth/#post-4581754 Wed, 30 Jan 2008 05:43:26 +0000 I am with Devo76, you only need a handful of properties to set yourself.Surely, Russell Crow’s Cowper Wharf $16 mill. apartment is not going to be worth $32 mill. In 7 years (using the mythical 10% growth), however as we saw in the last boom between 2001 and 2004, properties that had a lower base, had a more dynamic growth.  They had “ro…[Read more]

]]> 1f7a5261f7cfe95d0d9e70d02b318fd6 https://www.propertyinvesting.com/topic/4392088-sydney-property-on-the-bottom-or-still-sinking/#post-4581571 Fri, 25 Jan 2008 23:55:49 +0000 Hi Wealth4life, current property data supports what you are saying/hearing. I would also use what happened in Melbourne as an example, the inner city, more affluent areas had a great run, while the outer/greater Melbourne area did just ok.  Finding that middle ground is where the money is…  Happy investing 

]]> ef7ecb14c6a8fd286f7e117d74e59b6e https://www.propertyinvesting.com/topic/4391997-re-stumping-what-does-it-entail/#post-4581044 Tue, 22 Jan 2008 22:32:47 +0000 Hi Macnatt, mackar has described the process quite well. I would also follow his recommendation on getting a professional to do it. Bear in mind that “greedy” professionals would want to re-do all the stumps, however this may not be necessary. Get a couple of opinions/quotes.  Also sometimes, depending on the situation, you can get away by just…[Read more]

]]> 287d99dcca31edad4bf4a42c8a1d9735 https://www.propertyinvesting.com/topic/4391958-delayed-settlement-fees/#post-4580822 Thu, 17 Jan 2008 06:24:43 +0000 they suck!,  depending on which side of the negotiation you are…

]]> fd211795a19debe23e1263b26ea1ddae https://www.propertyinvesting.com/topic/4391994-capitol-growth/#post-4581031 Thu, 17 Jan 2008 05:21:58 +0000 Hi there, here are some stats on Bellbird  Median: $242K12 month median growth: 13.5%10 year avg growth: 11.1%Median rent: $190p.w.Gross rental yield: 4.1%  Source: Australian Property Monitors  I have a few IP’s in the area, and one specifically in Bellbird. Couple hours from Sydney and half hour from Newcastle, it is just a matter of time, me t…[Read more]

]]> 38514b7d87496354bab1c59dbf845ab6 https://www.propertyinvesting.com/topic/4391989-keeping-tenants-when-using-steve-mcknights-buy-and-hold-strategy/#post-4580993 Wed, 16 Jan 2008 20:47:05 +0000 Hi there,    I like to see it as bunch of Gazelles traveling in a pack as opposed to one gazelle traveling by itself. If the pack gets attacked by a lion and one gazelle dies, it does not really matter as there are many others in the herd to breed and keep going. If there is only one gazelle and gets attacked by a lion, ……….  How does this tra…[Read more]

]]> a039aaf9a97a06f34611bb81f4154493 https://www.propertyinvesting.com/topic/4391942-advice-for-a-novice/#post-4580636 Mon, 14 Jan 2008 06:34:28 +0000 Hi Leroy,Attend your course with an open mind; take lots of notes and start working your plan. Keep that energy up and don’t let anyone get in the way of your dreamsWish you all the best

]]> 693fb6b4c49b6d13727e3bc4ad9694c0 https://www.propertyinvesting.com/topic/4391945-rental-vacancy-too-high/#post-4580649 Mon, 14 Jan 2008 06:27:34 +0000 Hi There, the vacancy rate is on the higher side. Maybe you could do further research to work out which type of houses and areas are attracting long term renters, etc. You can do this by asking the agents. Try 2 or 3 different agencies and this should give you a good indication. You could also “beat” that average by buying a property that is alr…[Read more]

]]> d65173f36425d44e38e390794dd6e7e1 https://www.propertyinvesting.com/topic/4391912-solicitor-vs-conveyancer-2/#post-4580495 Fri, 11 Jan 2008 03:25:29 +0000 Hi Faith  As an investor you want to build a relationship with a solicitor. Maybe you should start now rather than later…  Happy Investing

]]> 5c46bdf2206a583ea8a6d0dbb25cc37e https://www.propertyinvesting.com/topic/4391870-buying-under-property-investor-trust-much-harder-to-get-finance/#post-4580240 Tue, 08 Jan 2008 23:43:20 +0000 Hi Guys, my bad, sorry, Richard is correct, 60% LVR on Lo-Docs under a trust structure for ANZ.  I got mixed up as the last two I have "written" using ANZ were full docs. However St George does 80% LVR under trust structure for lo-docs.  Dave,  around 8.6% at the moment , not the cheapest one for sure.Happy Investing

]]> 8e2c25c3f5715c9e3af3cf4f293ce3f1 https://www.propertyinvesting.com/topic/4391870-buying-under-property-investor-trust-much-harder-to-get-finance/#post-4580238 Tue, 08 Jan 2008 23:15:35 +0000 Richard, I personally have  ANZ lo-docs at 80% LVR with a corporate trustee…  I also have lo docs with St George – 80% LVR…BTW, no one mentioned Pro Pack, or any pack for that matter.Happy Investing

]]> 3bc6f6090e36957e36bb377aea5a4126 https://www.propertyinvesting.com/topic/4391870-buying-under-property-investor-trust-much-harder-to-get-finance/#post-4580236 Tue, 08 Jan 2008 08:08:34 +0000 Hi Dave, sure mate, ANZ, St George just to name a couple. Lo-Docs, 80% LVR, trust structures, no worries.    Happy to help, please feel free to contact me if you have any further questions, etc..  Regards

]]> 6b9279682173dadd0ff459a5692425e3 https://www.propertyinvesting.com/topic/4391870-buying-under-property-investor-trust-much-harder-to-get-finance/#post-4580232 Tue, 08 Jan 2008 07:17:10 +0000 Hi there, $3000 to set up a trust is very expensive; I paid around $1,000 for each of mine (3 so far).  There are a lot of “good” banks out there that will lend you money using a trust structure; you just need to work with a good broker. I get loans for my clients and myself with the “better” banks ALL the time. It’s not hard at all.   In regards…[Read more]

]]> 88be85f1e8afc65399800ccddfedf56c https://www.propertyinvesting.com/topic/4391865-young-and-considering-purchasing-my-first-investment-property/#post-4580213 Tue, 08 Jan 2008 07:00:32 +0000 Hi there, based on your numbers you have around $60K in equity (80% LVR) that you could use to purchase another IP. You have not mentioned if you have credit card debt, car repayments, etc, etc, however with an income of $120K you should be able to borrow to purchase another property.  $60K is 20% of $300K for example…  Happy Investing

]]> 4c426e64c524662b32fdb9b780316308 https://www.propertyinvesting.com/topic/4391848-got-some-cash-what-do-i-do/#post-4580151 Mon, 07 Jan 2008 04:31:44 +0000 Hi TQman, I recommend you “device” a plan based on what do you want to achieve and then your plan will tell you if the CBD investment is better than the house on the suburbs, etc. Property investing is just a vehicle to get you where you want to go.Apartments are “cheaper” to hold, however offer little or no possibilities of adding value and gro…[Read more]

]]> 86188eeee1b74720d7d5a22fa7f1da90 https://www.propertyinvesting.com/topic/4391757-cash-flow-mortgages/#post-4579182 Tue, 01 Jan 2008 00:39:08 +0000 Here is what I think:1. The property is not really positive cash flow as the interest charged is still the entire amount – you have just avoided paying some of it in the first few years. Cash flow is determined by income, plus tax breaks, less expenses. Your 'expenses' are still the full amount of the interest charged. You are just deferring…[Read more]

]]> e80444abd768eba9c57846edbad3d31a https://www.propertyinvesting.com/topic/4391765-building-costs-per-square-metre-in-qld/#post-4579214 Tue, 01 Jan 2008 00:28:39 +0000 Hi there, with Brisbane being a bit “hot” at the moment, you could be looking at around $1,250 x sqm. I could be wrong. I had a property in the Toowoomba area that had potential for sub-division, development, etc and after getting a few quotes for developing, the numbers did not stacked up as the local builders were so busy that they were over quo…[Read more]

]]> f872990e273dafc76a43d215a0c126c0 https://www.propertyinvesting.com/topic/4391765-building-costs-per-square-metre-in-qld/#post-4579214 Tue, 01 Jan 2008 00:28:39 +0000 <p style=”margin: 0cm 0cm 0pt” class=”MsoNormal”><font face=”Times New Roman” size=”3″ color=”#000000″>Hi there, with Brisbane being a bit “hot” at the moment, you could be looking at around $1,250 x sqm. I could be wrong. I had a property in the Toowoomba area that had potential for sud-division, development, etc and after getting a few quo…[Read more]

]]> 7827f87d7680f539337be444515417c0 https://www.propertyinvesting.com/topic/4391765-building-costs-per-square-metre-in-qld/#post-4579214 Tue, 01 Jan 2008 00:28:39 +0000 Hi there, with Brisbane being a bit “hot” at the moment, you could be looking at around $1,250 x sqm. I could be wrong. I had a property in the Toowoomba area that had potential for sud-division, development, etc and after getting a few quotes for developing, the numbers did not stacked up as the local builders were so busy that they were over quo…[Read more]

]]> e9381bb20bedfa2c1a7ff6437bcbd39a https://www.propertyinvesting.com/topic/4391419-the-american-dollar-beware/#post-4577146 Sat, 29 Dec 2007 23:32:22 +0000 The US is going to continue to print some more money to help with the declining property market and the also “declining” consumer sentiment. So the $US is going to to be worth less, at least in the short term. I suspect professional traders will continue to make a killing on silver and gold shares.  Happy Investing 

]]> e9df4ab7c304794866e210e12d8c49b8 https://www.propertyinvesting.com/topic/4391735-priorities-of-renovations/#post-4579058 Fri, 28 Dec 2007 03:53:45 +0000 I think L.A Aussie (Marc), sums it up very nicely. Just by reading, one can tell he has been there…done that.I would follow his recommendations; and especially the most important one: never ever "downgrade" a property from 3 to 2 bedrooms… Throw some work – parties (beer and steaks) at your new place with your mates and get them to help you…[Read more]

]]> c44a5112d8d274f3c51bed62a9aeefda https://www.propertyinvesting.com/topic/4391730-a-young-dolf-de-roos-in-the-making/#post-4579023 Thu, 27 Dec 2007 03:24:04 +0000 Hi there, Robyn Grinter, from Gems Properties, is the ‘equivalent” to Steve McKnight over in New Zealand, 303 properties in 3 years, last time I spoke to her, which was last week.  A great property investor and also a personal friend and mentor. She runs property investing courses in New Zealand, etc, send her an e-mail: notify@nzgems.com     Keep…[Read more]

]]> bcd960d282564a9958bfa38952a59e6f https://www.propertyinvesting.com/topic/4391677-1st-home-buyer-loan-advice/#post-4578708 Mon, 17 Dec 2007 20:49:51 +0000 Hi al221  Congratulations on taking the first step. Fixing your rate will give you that peace of mind. However be mindful that when you fix, you have restrictions when trying to pay down the loan as you are planning. There are products that allow you to fix a part and have another portion variable, pretty much the best of both worlds like pete…[Read more]

]]> df4cf382d442e89b6f23d58da1d5f931 https://www.propertyinvesting.com/topic/4391676-new-investers-seeking-advice/#post-4578698 Mon, 17 Dec 2007 20:27:12 +0000 HI Shaun  It seems your bank no longer wants to work with you. Time to look form those that do. Very likely the person that told you to sit tight and do nothing has no property and can only dream about the returns you are getting from your properties.  Do not let them slow you down.  Keep it up mate, the returns you are getting are awesome,   Hap…[Read more]

]]> 78ff648c1c2396fabfecf06c6c955d54 https://www.propertyinvesting.com/topic/4391675-is-sydney-getting-cheap/#post-4578693 Mon, 17 Dec 2007 10:32:39 +0000 Hi MCGJ,   A lot of areas in Sydney are for sale now; your intuition is serving you well. As for investors, sophisticated investors are buying like crazy. By the time you hear “investors are back in Sydney” that is the moment you should be taking profit, I will.  Happy Investing 

]]> 97a0de1c86a73ab0c2d856dcb6f4fd62 https://www.propertyinvesting.com/topic/4391657-take-profit-or-save-a-pine-tree/#post-4578588 Sun, 16 Dec 2007 20:57:20 +0000 I have a few other properties with similar characteristics; I was just off loading … another one…The property is gone now, another happy customer. When you leave something on the table for the person after you, the results can be great.   Thanks for the feedback.

]]> 7daf12f3fa2361b899556efbcfd84f31 https://www.propertyinvesting.com/topic/4391657-take-profit-or-save-a-pine-tree/#post-4578585 Sat, 15 Dec 2007 22:45:53 +0000 The selling agent rang me yesterday saying there is another party interested in the property. Also, the cool thing is that I always have an exit strategy when I buy, for this property is to get a tenant in and it will be cash flow neutral. This property has also development potential (950 sqm) with rear lane access, etc.   It is good to have…[Read more]

]]> b8a5f0e596f066b6be025dec620bbaf7 https://www.propertyinvesting.com/topic/4391666-outer-brisbane-north-suburbs-your-opinion/#post-4578636 Sat, 15 Dec 2007 22:17:27 +0000 Hi There,   –         If you sell, do you have a better place/investment where to park your profit?–         Depending on your financial “position” you could use equity from this investment to buy another property.How’s the cash flow from this property? Is it “cramping” your style or can you sleep at night no worries?  I don’t know Kevin Turner,…[Read more]

]]> 764cd2f5dadf384878de40020bbc50d1 https://www.propertyinvesting.com/topic/4391665-corporate-leases/#post-4578634 Sat, 15 Dec 2007 22:12:43 +0000 Hi Jambv, We have done this in the past. If your area has got “big” companies (mining), just prepare a little proposal (photos, location features, etc) and go talk to the gatekeepers in these companies. I have spoken to HR managers and they seem to be the decision makers. Be flexible on your approach as sometimes corporate tenants require ful…[Read more]

]]> 7594238bb31a28e4a4382847e4b6bafe https://www.propertyinvesting.com/topic/4391657-take-profit-or-save-a-pine-tree/#post-4578581 Fri, 14 Dec 2007 07:01:41 +0000 Thanks everyone, it just feels a bit weird, one minute I am yeah, “I love nature” and the other minute I am, “as an investor my objective is to make profit, etc”.   L.A Aussie (Marc), thanks for your feedback, agreed, the guy is a stooge… and yes, all I want is not to be part of it… and take my profit. I am also thinking conspiracy theory, LOL……[Read more]

]]> a3db940d029fd5ff1ec91c6d52e8a882 https://www.propertyinvesting.com/topic/4391633-sealing-stonedirt-under-house/#post-4578455 Mon, 10 Dec 2007 05:37:27 +0000 Hi Darktrooper, I had a similar situation on a reno we completed not too long ago. A triple garage (very old) with a sandstone floor, very uneven and bits missing, etc. My guys leveled the floor with gravel and then poured the slab on top (mesh and drainage included). The gravel helps drain the water that does not get “captured” by the normal dra…[Read more]

]]> cd0878e779018a8af350e15b771b0bfa https://www.propertyinvesting.com/topic/4391625-advice-please-15/#post-4578398 Fri, 07 Dec 2007 23:55:18 +0000 Hola atapiap,   Yes, you will need to talk to an experienced solicitor, I can recommend mine, however I am based in Sydney.   Maybe there is still “hope” in getting out of the contract, however  it will come down to the contract you signed. A contract needs to have certain things, that every contract should have (cover, section 149, etc, etc, e…[Read more]

]]> 41d6ff991a94b7d5785adac8730bf3c9 https://www.propertyinvesting.com/topic/4391607-how-did-steve-come-up-with-the-deposits/#post-4578304 Fri, 07 Dec 2007 22:24:30 +0000 Seminars… his presentations gave him some money for deposits, I attended his very first seminar here in Sydney @ Parramatta, back in 2001 (I think). Easily 100 people in the room, $95 per head, take costs out = a deposit for another property. He still does it today, the man sure knows how to add/exchange value. Awesome stuff.Happy Investing

]]> bc3422bfeb9cdba88b14f2804fd35ecf https://www.propertyinvesting.com/topic/4391481-investing-in-the-west-2/#post-4577436 Fri, 07 Dec 2007 22:14:55 +0000 Hi Zali girl, the west in on SALE at the moment, leave your cheque book at home and do some research. There are a few investors doing what you want to do, check out what they are doing:–         Purchase price, what are they paying and why?–         Area, where are they buying and what areas they are avoiding.–         What to renovate or not…   I…[Read more]

]]> 08387100d99fca283c282cf12dc419c7 https://www.propertyinvesting.com/topic/4391614-reno-toolbox-quick-anyalsis-not-resulting-in-any-potential-deals/#post-4578347 Fri, 07 Dec 2007 21:59:06 +0000 Hi Stephen, I am going to quote Martin Ayles (the developer guy that does seminars with Steve), It all comes down to “How bad do you really want it”.  Beat the agents, place a little classified ad on your local paper (I Buy Older house, etc, etc), also do a little flyer and drop it on those houses that you think are good to profit from a reno…[Read more]

]]> 8e7a09eab428170709c280de540f4cbb https://www.propertyinvesting.com/topic/4391624-positive-cash-flow-propertys/#post-4578378 Fri, 07 Dec 2007 21:43:56 +0000 Good stuff Dr Spock, remember to factor in maintenance/repair costs (around 20% rent for older properties), rates, water and insurance. Also if you finance at around 8%, not much room there for cash to flow your way.   Happy Investing 

]]> 294938d717126d0673f009d73444264e https://www.propertyinvesting.com/topic/4391578-very-curious/#post-4578123 Mon, 03 Dec 2007 20:28:36 +0000   Hi p_mac, I agree with property power. Studio apartment offer very little leverage. As an architect (or soon to be) I am thinking that maybe you could buy a big 5+ bedroom house, do a minor reno and rent by the room. You can continue to add value by including FREE internet, laundry, etc, etc, etc. To use those skills learned in school, the time…[Read more]

]]> 1ae8ec637c23bf3e6ff2b76f978710f0 https://www.propertyinvesting.com/topic/4391575-depreciation-on-new-property-non-tax-related/#post-4578109 Mon, 03 Dec 2007 08:08:30 +0000 I’d say go for the one that is one year old and try to use this as your negotiation “angle”. In regards to a %, I don’t think you could apply a rate to it, the best way you have is to find out how much other comparables (1 year old with same characteristics) are selling for. Get the selling agent to give you a print out of actual sales data, g…[Read more]

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