PropertyInvesting.com | Joseph12 | Activity https://www.propertyinvesting.com/members/joseph12/activity/ Activity feed for Joseph12. Sun, 12 Apr 2026 16:05:18 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 1957f4576c6a2821d89002e259ac309a Joseph12 replied to the topic Workers compensation and GST in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4399458-workers-compensation-and-gst/#post-4621619 Sat, 10 Apr 2010 22:31:57 +0000 Its a paying out for injury.

]]> cae9e123a3dbe9cee0a46be9c03370fc Joseph12 replied to the topic Careers in Finance in the forum Finance https://www.propertyinvesting.com/topic/4396544-careers-in-finance/#post-4605580 Fri, 26 Jun 2009 09:08:37 +0000 Would the diploma be enough to gain employment in a wealth management/investment company or is it recommended a advanced dipolma/specialised areas of study be completed ?Thank you.

]]> 395f0052076e80d5874c1a3783399e33 Joseph12 replied to the topic Careers in Finance in the forum Hi, I am thinking of doing a https://www.propertyinvesting.com/topic/4396544-careers-in-finance/#post-4605578 Fri, 26 Jun 2009 03:54:26 +0000 Hi,I am thinking of doing a financial planning diploma at TAFE and wanted to know what specify areas they cover.Does it cover investment products such as shares,options etc and SMSF ?Thank you.

]]> 43f7b7fcaf05c9939cb61b394c8a5503 Joseph12 replied to the topic Financial Analysis Scenario Question in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4396406-financial-analysis-scenario-question/#post-4604887 Tue, 16 Jun 2009 00:29:37 +0000 Thanks for the response Terry.Could the answer be d) as a portion of the mortgage payment would be included as a business expense as he is using a portion of his house as a home office ?

]]> c8653b4ef7fe2cdb97d8d0a879a02225 Joseph12 replied to the topic Borrowing with non-genuine savings in the forum Hi Craig, Their is lenders https://www.propertyinvesting.com/topic/4396388-borrowing-with-non-genuine-savings/#post-4604789 Thu, 04 Jun 2009 09:07:02 +0000 Hi Craig,Their is lenders who still do these loans however due to market conditions most are getting knocked back.

]]> f55dd123aa3bf946a22f89dae228b15c Joseph12 replied to the topic Advice Needed in the forum Hi Craig, Home loan Ltd is a https://www.propertyinvesting.com/topic/4396389-advice-needed-30/#post-4604798 Thu, 04 Jun 2009 08:54:47 +0000 Hi Craig,Home loan Ltd is a mortgage manager and the wholesale non bank lender is Challenger. Challenger is very active non bank lender in the market at the moment and they have been in the past reducing their rates similar to the banks based on the Reserve bank rate reduction decisions.Challenger have however removed their non-genuine savings…[Read more]

]]> 383f8b2bd524602ecc56bf6ca8b14ebe Joseph12 replied to the topic Sole trader/Partnership personal debts in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4396379-sole-traderpartnership-personal-debts/#post-4604767 Thu, 04 Jun 2009 01:30:23 +0000 Thank you for the response.Another question if you are using a personal asset partially for your business such as a car and you have a personal loan against this asset. Would you only include only half the debt/expenses incurred in operating the business in the financial statements ?

]]> 287c20f0eb6ea399f36acf0dbd18da3a Joseph12 replied to the topic Lodoc investment refinance in the forum Finance https://www.propertyinvesting.com/topic/4395877-lodoc-investment-refinance/#post-4601824 Fri, 03 Apr 2009 01:40:32 +0000 Found out Rams, St George and CBA are able to look at the loan.Thanks for your help.

]]> b08fd16c98047d33533d2a8e880da0f3 Joseph12 replied to the topic Lodoc investment refinance in the forum Finance https://www.propertyinvesting.com/topic/4395877-lodoc-investment-refinance/#post-4601822 Thu, 02 Apr 2009 08:30:07 +0000 Loan amount is around $300K  to refinance investment loan.LVR between 60% to 80%ABN more then 2 yrs registered.No GST registration.Location of security category one sydney metro location. Not high density security.Please advise which lenders would consider looking at the loan ?Thank you

]]> 9e9583961903531781ea6c7e426c74d6 Joseph12 replied to the topic Refinancing vendor finance in the forum Finance https://www.propertyinvesting.com/topic/4395686-refinancing-vendor-finance/#post-4600893 Sun, 15 Mar 2009 10:44:08 +0000 Thanks Terry for answer. Yes I mean installment contract. Which lenders will consider refinancing installment contracts ?Thanks.

]]> d2c1201af38d6b2edd04467c1ff03aad Joseph12 replied to the topic Drawing a wage from a Trust in the forum Please advise why a trust https://www.propertyinvesting.com/topic/4395587-drawing-a-wage-from-a-trust/#post-4600329 Tue, 03 Mar 2009 23:54:37 +0000 Please advise why a trust would have this arrangement in place ?Thanks.

]]> b0b3a3f8905cc7b455d1dacc95ea7d0c Joseph12 replied to the topic Capital Gains Tax & Deductions for Land in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4395064-capital-gains-tax-deductions-for-land/#post-4597435 Tue, 03 Mar 2009 01:50:59 +0000 Hi,What if their is a capital loss. Is this loss offset against other income ?Thanks.

]]> 86e18131542ded28cfda3723fa9c6a71 Joseph12 replied to the topic Banks Self-insuring Loans in the forum Finance https://www.propertyinvesting.com/topic/4395548-banks-self-insuring-loans/#post-4600068 Sat, 28 Feb 2009 00:39:43 +0000 Thank you for your response.So banks are more likely to approve a loan where it is out of policy with the mortgage insurers ?

]]> 8f39cd7a402e9fc53dacd31dd91db1d5 Joseph12 replied to the topic Annual Percentage of Property Value Increase in the forum Finance https://www.propertyinvesting.com/topic/4394635-annual-percentage-of-property-value-increase/#post-4595142 Sun, 02 Nov 2008 09:09:22 +0000 The property investing textbooks will tell you property prices usually double every 7-10 years. However considering the property market at the moment, I agree with the negative growth previously stated.

]]> 85280975a436ff448a149af6204a0678 Joseph12 replied to the topic GE Money sells mortgage managers short in the forum Finance https://www.propertyinvesting.com/topic/4394502-ge-money-sells-mortgage-managers-short/#post-4594561 Fri, 24 Oct 2008 08:31:25 +0000 Qlds007 wrote:
jb01Hate to ask what is the DEF or early repayment penalty with GE ?

Can be up to 1.80% of the loan amount if repaid in the first year.Reduces to nil after the 5th year.

]]> eb28ad318e1a4c88bfa13f279dac0b84 Joseph12 replied to the topic Mortgage repayments as a business expense in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394546-mortgage-repayments-as-a-business-expense/#post-4594741 Wed, 22 Oct 2008 09:36:21 +0000 Thanks for the answer.Can you claim the mortgage repayments if your using a portion of your own home to run a business such as a home office ?Thank you.

]]> 7f85ec3c0b656c3c2c1ebf00ee239693 Joseph12 replied to the topic GE Money sells mortgage managers short in the forum Finance https://www.propertyinvesting.com/topic/4394502-ge-money-sells-mortgage-managers-short/#post-4594554 Wed, 22 Oct 2008 08:44:50 +0000 Non-bank lenders that haven’t passed on the interest rate falls are under public scrutiny, particularly GE Money. Yes Home Loans Managing Director Lee Boueri explains the situation to John Stanley on 2UE:http://www.2ue.com.au/displayPopUpPlayerAction.action?&url=http://media.mytalk.com.au/2UE/audio/211008leeboueri.wma

]]> de2ddb0ead77597b02abd37382923a70 Joseph12 replied to the topic refund of LMI with refinance in the forum Finance https://www.propertyinvesting.com/topic/4394517-refund-of-lmi-with-refinance/#post-4594615 Mon, 20 Oct 2008 09:17:16 +0000 HiSettled between 1 to 2 years ago you maybe entitled to a 20% LMI refund if your loan is mortgage insured with Genworth.However if you are mortgage insured with PMI you will not obtain a LMI refund as your loan settled more than 1 year ago.

]]> 9bcded2aad2b4693d786b01df808a48d Joseph12 replied to the topic LOC loans being fully drawndown at settlement in the forum Finance https://www.propertyinvesting.com/topic/4393199-loc-loans-being-fully-drawndown-at-settlement/#post-4587425 Fri, 16 May 2008 13:28:22 +0000 So regardless of what the loan purpose is for, for example refinance home loan etc a true line of credit is not to be fully drawn at settlement ?

]]> 31a2853520a902c4354a898bd061a494 Joseph12 replied to the topic If you are not working, how do you obtain finance from lenders? in the forum Finance https://www.propertyinvesting.com/topic/4393195-if-you-are-not-working-how-do-you-obtain-finance-from-lenders/#post-4587414 Tue, 13 May 2008 09:41:59 +0000 You would be classified as a full time investor by the lender .

]]> 2961e29845bc2f6ef8b463ee8f6e71b5 Joseph12 replied to the topic What is the benefit of an interest only loan? in the forum Finance https://www.propertyinvesting.com/topic/4393166-what-is-the-benefit-of-an-interest-only-loan/#post-4586658 Fri, 09 May 2008 22:11:23 +0000 To free up cash flow as repayments are less and so to borrow more and buy more property, although the repayments at the start of the loan are mostly made up of interest and a minimal amount of principal. Over the long term as the balance reduces you will be paying less of the interest and more of the principal.However back in Feb 2005 your…[Read more]

]]> 3ed07b6d8fb105a660f48e5ef37be4c2 Joseph12 replied to the topic recycling equity to fund purchase for new house(s) without deposit down in the forum Increase your existing loan https://www.propertyinvesting.com/topic/4393133-recycling-equity-to-fund-purchase-for-new-houses-without-deposit-down/#post-4586521 Tue, 06 May 2008 12:37:13 +0000 Increase your existing loan to access the equity to fund the deposit on a new property purchase or refinance your existing loan to access the equity to purchase a new property. Use a deposit bond which will enable you to pay for the deposit at settlement.

]]> 6922052f058a92f52f573cacecdf5104 Joseph12 replied to the topic LMI for loan extensions? in the forum Finance https://www.propertyinvesting.com/topic/4392826-lmi-for-loan-extensions/#post-4585435 Tue, 06 May 2008 09:27:57 +0000 PMI re-structured his LMI on loan increases basing the LMI charge on the full  loan amount (original and additional loan amount) minus the LMI amount already paid on the original loan amount.

]]> e20ba19230409561e88e5f2192b57144 Joseph12 replied to the topic Capitalised Interest in the forum Finance https://www.propertyinvesting.com/topic/4393131-capitalised-interest-2/#post-4586510 Tue, 06 May 2008 09:11:22 +0000 Please refer:https://www.propertyinvesting.com/forums/getting-technical/finance/4324400

]]> dc2fed49b7fca1fbb04b8dae7d8f8c20 Joseph12 replied to the topic Non-conforming Construction loan full doc in the forum Finance https://www.propertyinvesting.com/topic/4393002-non-conforming-construction-loan-full-doc/#post-4586075 Mon, 28 Apr 2008 04:41:28 +0000 Which lender ? La trobe ?

]]> a540731ba63b6b0cd9fda411b5cdd4ab Joseph12 replied to the topic Non-conforming Construction loan full doc in the forum Finance https://www.propertyinvesting.com/topic/4393002-non-conforming-construction-loan-full-doc/#post-4586073 Sun, 27 Apr 2008 23:53:08 +0000 Vacant land in Central Coast. LVR at 80%. Lodoc. Loan amount $750K.

]]> fc47bc1cc0788d4dc4b2b125b389ed04 Joseph12 replied to the topic Non-conforming Construction loan full doc in the forum Finance https://www.propertyinvesting.com/topic/4393002-non-conforming-construction-loan-full-doc/#post-4586071 Fri, 25 Apr 2008 09:31:15 +0000 5 paid defaults with a total of around $20K listed and paid around 05/06.

]]> 3985720004ff2918b9bd46fb225c88a1 Joseph12 replied to the topic Non Resident loan in the forum Finance https://www.propertyinvesting.com/topic/4392899-non-resident-loan/#post-4585659 Tue, 22 Apr 2008 12:20:00 +0000 Ok thats for the correction.

]]> 5b7ded6d42ba65bf3fff4510cf8a9a1b Joseph12 replied to the topic Non Resident loan in the forum Finance https://www.propertyinvesting.com/topic/4392899-non-resident-loan/#post-4585657 Tue, 22 Apr 2008 09:30:22 +0000 I think non-resident loans can only be full doc.Please correct me if i am wrong.

]]> bbeed48b48809b53ecd80e85584ae336 Joseph12 replied to the topic capitalising interest in the forum Finance https://www.propertyinvesting.com/topic/4392930-capitalising-interest-3/#post-4585784 Thu, 17 Apr 2008 10:03:31 +0000 Capitalising interest is:Ideal for owner occupier borrowers looking to free up cash for otherpurposes.Ideal for investors seeking to turn negative cash flow into positive cashflow on an investment property.Their are cash flow loan that can capitalise part of the interest payable is say the first few years of the loan. You would need to enquire…[Read more]

]]> 6f753849699493379572b4ab951b3414 Joseph12 replied to the topic Advice Needed - Land Purchase in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391940-advice-needed-land-purchase/#post-4580633 Mon, 14 Apr 2008 09:27:32 +0000 Will link is also helpful:http://law.ato.gov.au/atolaw/view.htm?locid='AID/AID2001307'&PiT=99991231235958

]]> a77e38ada910f47e2c3cfca298f42dd7 Joseph12 replied to the topic Stamp Duty Rolled Into Finance in the forum Finance https://www.propertyinvesting.com/topic/4392820-stamp-duty-rolled-into-finance/#post-4585416 Sun, 06 Apr 2008 10:30:58 +0000 You can roll the LMI on top of the original loan amount up to 100% LVR. With the stamp duty i have never seen it rolled on top of the original loan amount.

]]> ad7be660c2a8516a44284764f90247c9 Joseph12 replied to the topic LMI for loan extensions? in the forum Finance https://www.propertyinvesting.com/topic/4392826-lmi-for-loan-extensions/#post-4585429 Sun, 06 Apr 2008 10:24:02 +0000 If you refinance to a new lender you have to pay LMI on the total loan amount again.If you increase your existing loan with your current lender you pay the LMI just on the increase amount.

]]> 336c929a32fed22e30201ea0645970d6 Joseph12 replied to the topic Last major Nodoc lender withdraws from Australian Market in the forum Finance https://www.propertyinvesting.com/topic/4392554-last-major-nodoc-lender-withdraws-from-australian-market/#post-4583879 Sat, 15 Mar 2008 10:44:34 +0000 PMI have also removed their Nodoc 70% one day ABN product as well since the start of the year.

]]> e6c8cd47ac17595a959e6974e9825a70 Joseph12 replied to the topic Novated leases in the forum Finance https://www.propertyinvesting.com/topic/4392588-novated-leases/#post-4584035 Sat, 15 Mar 2008 10:41:52 +0000 Thanks Scott,So the lender will use the gross salary amount minus the salary sacrifice novated lease payment amounts as a applicant's income in serviceability?

]]> f52616bcdc514fd5e27ab2500c646102 Joseph12 replied to the topic Are you allowed to repay some principle on an IO loan? in the forum Finance https://www.propertyinvesting.com/topic/4392644-are-you-allowed-to-repay-some-principle-on-an-io-loan/#post-4584306 Sat, 15 Mar 2008 10:34:02 +0000 Generally any extra repayments on a interest only loan reduces the loan amount and goes into redraw. Extra funds can be withdrawn out of the loan up to original loan amount borrowed.This is a general answer and its highly recommend you consult your lender or professional financial advisor in regards to your individual circumstances/loan as noted above.

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