PropertyInvesting.com | jsawtell | Activity https://www.propertyinvesting.com/members/jsawtell/activity/ Activity feed for jsawtell. Wed, 15 Apr 2026 06:05:18 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 860edc9c06cf1d019b8a3995d0e7cd63 jsawtell replied to the topic Construction Loan - having problems with LVR in the forum Help Needed! https://www.propertyinvesting.com/topic/4399509-construction-loan-having-problems-with-lvr/#post-4622055 Fri, 16 Apr 2010 23:15:10 +0000 Hi, this is interesting as we are about to go through same process. It is becoming more common that people are finishing their houses outside of the building contract. Our Builder sales consultant even told us that we should do the Drive and a few other things ourselves as the builders price would be excessive (obviously sub contract work out +…[Read more]

]]> f2cf918c456701cd38878e17a6df9ab7 jsawtell replied to the topic 2nd Mortgage registration / Vendor Finance in the forum Finance https://www.propertyinvesting.com/topic/4398346-2nd-mortgage-registration-vendor-finance/#post-4614625 Wed, 13 Jan 2010 09:54:44 +0000 Thanks guys.  PS, information I provided was limited so I can see your assumption.  But it is not a 95% lend.  Richard,Is there official information readily available stating that there is no longer a requirement for consent that you could point me in the direction of?ThanksJason

]]> 41051588e398a5c3f901f0e620886aac jsawtell replied to the topic 2nd Mortgage registration / Vendor Finance in the forum Finance https://www.propertyinvesting.com/topic/4398346-2nd-mortgage-registration-vendor-finance/#post-4614622 Wed, 13 Jan 2010 06:03:46 +0000 Thanks Richard.I am in QLD, so that sounds good.  I will follow up with my solicitor.  Is that information detailed somewhere?  Just in case they are not aware of it and I can reference it?Banks – numbers were tight.  Any extra coming out of first property was attracting high LMI fees.

Qlds007 wrote:
Hi JasonIt all depends on the State and the…[Read more]

]]> f0ca9c92ef88e0e2fe6c5e9c95f9f94a jsawtell replied to the topic Buying a Property with a SMSF in the forum Finance https://www.propertyinvesting.com/topic/4397298-buying-a-property-with-a-smsf/#post-4609250 Thu, 24 Sep 2009 02:47:02 +0000 Hi Richard,Is it possible to buy a house/property jointly with SMSF (personally + SMSF) with a loan/mortgage?  In theory this is using the SMSF funds as cash for deposit.  Rental returns would be paid according to ownership % – where SMSF % would equal deposit as % of total purchase price.ThanksJason

Qlds007 wrote:
Hi RobinQuick answerIs this p…[Read more]

]]> b0b990bb9a9df4fad7898906b0d74815 jsawtell replied to the topic Low Doc + Vendor Finance in the forum Finance https://www.propertyinvesting.com/topic/4395645-low-doc-vendor-finance/#post-4600680 Thu, 12 Mar 2009 11:41:20 +0000 Thanks guys,Will banks touch any 2nd mortgate option, eg 10%

]]> a401433350dd2656bab04489d012d4d4 jsawtell replied to the topic Offer Help in the forum Help Needed! https://www.propertyinvesting.com/topic/4395559-offer-help/#post-4600131 Tue, 03 Mar 2009 12:06:45 +0000 We can never know the exact reason why people sit on prices which we think are higher than the current market.  But could be the vendor needs close to the asking price to pay out finance.From a vendor perspective, there is a reason why they use offers over xxxxx as they want over this amount.  The real estate person adds to the mix by using t…[Read more]

]]> b9df914093f6bfb4410b3c57d6e5ff4e jsawtell replied to the topic Good loan structure advice needed for PPOR then IP after 6/12 in the forum Finance https://www.propertyinvesting.com/topic/4395519-good-loan-structure-advice-needed-for-ppor-then-ip-after-612/#post-4599902 Wed, 25 Feb 2009 13:26:59 +0000 Qlds007 wrote:
I personally would be recommending an interest only loan with a 100% offset account.Look to maximise your borrowing, take the mortgage insurance on the chin (as it wlll be propertionally Tax deductible when the property becomes a rental property) and look for a flexible loan product that can grow with you.

Hi Richard,When can you…[Read more]

]]> bbf7360c6bd35ef21582a5349ea0bd8b jsawtell replied to the topic Invitation to Loan Modification Workshop, Las Vegas in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4395446-invitation-to-loan-modification-workshop-las-vegas/#post-4599394 Thu, 19 Feb 2009 07:03:08 +0000 I wonder if I could claim the flights and accomodation on tax as a property investor attending a conference??  Would not mind a holiday in Vegas.  Pity it starts today.

]]> 2f613b9fe420e66434f09472d2eb7be4 jsawtell replied to the topic Cash loan wanted in the forum Finance https://www.propertyinvesting.com/topic/4395394-cash-loan-wanted/#post-4599200 Thu, 12 Feb 2009 05:39:29 +0000 Qlds007 wrote:
Regretfully Yes you are dreaming.Why dont you use some of the equity in the 2 properties.  100K would go a long way to providing a deposit or two.

Thanks Richard.Currently I haveSGB – Loan $415k, value $470NAB – Loan $515k value $600Would a bank look at this equity?ThanksJason

]]> d4ecd429445f228916a9ace23f0583b6 jsawtell replied to the topic Cash loan wanted in the forum Finance https://www.propertyinvesting.com/topic/4395394-cash-loan-wanted/#post-4599199 Thu, 12 Feb 2009 05:28:29 +0000 Terryw wrote:
Hidon't  think you will find anyone. with no security, it is extremely risky for the lender – what if you refused to repay?maybe you could look at vendor finance – where the seller can lend u the deposit.

Thanks Terry, this is definately an idea.  Just need to find the right seller who has the cash/equity in the property plus a r…[Read more]

]]> a2eb7c5af77d5e2bab0453da0abe9d98 jsawtell replied to the topic St George No Deposit Loan - Fixed interest rates in the forum Finance https://www.propertyinvesting.com/topic/4395202-st-george-no-deposit-loan-fixed-interest-rates/#post-4598116 Mon, 02 Feb 2009 14:54:43 +0000 I agree with Richard.SGB are very hard to deal with, especially if you want a 90%+ loan.  When we bought 2nd property, SGB said it would be no problems, and had pre-approval.  Then after signing contract they rejected me.  I am told it was their Mortgage insurer.  I ended up with a NAB loan, very few questions asked and papers with 5 days.

]]> fb63d954ff2a706df2c5ea3ba341cf76 jsawtell replied to the topic St George No Deposit Loan - Fixed interest rates in the forum Finance https://www.propertyinvesting.com/topic/4395202-st-george-no-deposit-loan-fixed-interest-rates/#post-4598109 Sat, 24 Jan 2009 23:20:45 +0000 Hi,we have a 100% loan with SGB on our first property (bought 4+ years ago).  I think the variable is .5 high than standard.  Best if you give them a call to confirm.

]]> daa2decc464ce94e4a5935c9fecc0e4c jsawtell replied to the topic Reason for selling unknown in the forum Help Needed! https://www.propertyinvesting.com/topic/4395178-reason-for-selling-unknown/#post-4597932 Mon, 19 Jan 2009 22:07:11 +0000 I believe in QLD it is the duty of the Real Estate to inform you of any issues with the property if he is aware.At the end of the day, it is not important why the seller is selling, as the real estate agent could of told you anything.  You need to do your own due diligence.  Get inspections, speak to neighboors etc.

]]> 586c74db67511a9e1fc3b07008ee7d46 jsawtell replied to the topic Why & How Do Investor Rent their Own Ppty? in the forum Terryw wrote:Hi You can't https://www.propertyinvesting.com/topic/4395022-why-how-do-investor-rent-their-own-ppty/#post-4597192 Tue, 30 Dec 2008 11:30:21 +0000 Terryw wrote:
HiYou can't rent your own property, but you could rent one owned by a company or a trust that you control or a husband could rent off the wife and vice versa – or another relative. Many many things to consider though.

Hi Terry,This sounds very interesting.  Where can I find more information on this?  Eg. if I own a property 100% i…[Read more]

]]> 37fa0cac2867d45427fd2e86dba42643 jsawtell replied to the topic Wrap Info Please in the forum Creative Investing https://www.propertyinvesting.com/topic/4394577-wrap-info-please/#post-4594875 Sat, 22 Nov 2008 23:50:49 +0000 Hi,I was searching threads, some great infor here, thanks.Question.Currently there are some great buys on the Market (looking at Gold Coast).  As an investor, is it wise to expand portfolio by using Wraps/Vendor finance to build portfolio?  I am currently in position where primary income (self employed/contract IT Project Manager) cash flow has i…[Read more]

]]> b6a2595448889133ca1977ee7e47adf5 jsawtell replied to the topic with $260k-$300k which area in Brisbane would you recommend? in the forum Kylie, Well done on your https://www.propertyinvesting.com/topic/4392355-with-260k-300k-which-area-in-brisbane-would-you-recommend/page/2/#post-4582964 Mon, 25 Feb 2008 12:45:17 +0000 Kylie,Well done on your achievements.  If you decide you would like to extend to pass your hand at mentoring, I would love to catch up for a coffee to hear about your strategies.Jason0402 896772

]]> cf6c30dc60a455291e1db4399c43da01 jsawtell replied to the topic Well Im happy :) in the forum Help Needed! https://www.propertyinvesting.com/topic/4392451-well-im-happy/#post-4583391 Mon, 25 Feb 2008 12:09:53 +0000 Well done blogs.  Take the money while you can.  I am sure you know this.  The market is volatile at the moment.  Having that sort of dollars wrapped up in one stock is dangerous and I am sure a lot of people have lost in the past 3 months.  There are some bargains to be had on the market at the moment.Continue with the good work.  Feel free to sh…[Read more]

]]> d0554e60cf58dbdc0d9260bc9da30a0c jsawtell replied to the topic QLD - Inala - Are people investing in this suburb? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392035-qld-inala-are-people-investing-in-this-suburb/#post-4581245 Tue, 22 Jan 2008 12:03:28 +0000 Thanks for the feedback

]]> 82e3be63dc876024f90def12711aca83 jsawtell replied to the topic What to do with area under staircase? in the forum Value Adding https://www.propertyinvesting.com/topic/4389944-what-to-do-with-area-under-staircase/#post-4569414 Tue, 08 Jan 2008 02:24:26 +0000 Hi,we just moved into our house.  After several ideas, i have converted the lounge room into a theatre room.  As the stairs are in the middle of the house, i have used the back wall of stairs as a projection screen.  $40 tin of white paint (recommended for Cinema use)   I then cut holes in bottom of wall to recess speakers under the stairs.  I wil…[Read more]

]]> 28625846ced291c0e91186e2ed828ce3 jsawtell replied to the topic Trustee - Personal or Company/corporate? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391295-trustee-personal-or-companycorporate/#post-4576558 Tue, 30 Oct 2007 14:12:53 +0000 Thanks Terry and Hans.A question.  If I put the $110k into my own PPOR creating equity, and then redraw it and loan to Company/Trust to buy property then that $110k against the PPOR would be tax deductable against my tax?  Or am I a bit tired and not making sense?Appreciate your comments

]]> 341de4aebb9ad80e3290b75145b9f7c1 jsawtell replied to the topic HELP - Tenant not paying rent in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391005-help-tenant-not-paying-rent/#post-4575189 Thu, 18 Oct 2007 11:50:11 +0000 Thanks,The real estate has a court date next Wed in small claims court for eviction and rent arrears.  If I have no luck then I will let you know.

bendbanks wrote:
jsawtell,    You don't need a lawyer for this as they will charge way to much. Your agent should make for an emergency warrant on the property. Unless it's the agents fault there was…[Read more]

]]> 22451dd5312dcc9aac0c089b3be42357 jsawtell replied to the topic HELP - Tenant not paying rent in the forum Thanks Winterheart.  It https://www.propertyinvesting.com/topic/4391005-help-tenant-not-paying-rent/#post-4575187 Thu, 11 Oct 2007 11:57:33 +0000 Thanks Winterheart.  It goes to small claims court in 10 days, so should be sorted

]]> 6026d25c3a548607109fdd0857f4f820 jsawtell replied to the topic HELP - Tenant not paying rent in the forum thanks Raddles.  The Real https://www.propertyinvesting.com/topic/4391005-help-tenant-not-paying-rent/#post-4575185 Sun, 07 Oct 2007 10:40:24 +0000 thanks Raddles.  The Real estate has submitted it to Small claims court.  I will speak with insurer to understand their stance with not have an RTA signed.

]]> 980902108dda0cc7e85f182f8f642e71 jsawtell replied to the topic Borrowing from abroad to invest in Oz in the forum Help Needed! https://www.propertyinvesting.com/topic/4390960-borrowing-from-abroad-to-invest-in-oz/#post-4574902 Thu, 27 Sep 2007 11:37:32 +0000 Hi,Interesting thoughts.  I would only say that the Govt require you to declare funds over $10,000 coming into the country.  I expect that you would need to provide sufficient documentation to show it is a loan and not income.Best to speak to an accountant or even call the ATO.  Please report back to the forum what you find out.Good LuckJason

]]> ba8ca099ed9a13b7cf4de0b08ec80270 jsawtell replied to the topic PPOR question in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4390843-ppor-question-3/#post-4574347 Mon, 24 Sep 2007 03:11:42 +0000 Hi,I would be interested to know the outcome of this.  There is definately a discount for Owner occupier on Stamp duty in QLD.  I am thinking of doing the opposite – bought a property for investment, and now considering that I will make it PPOR.  I spoke with State revenue and they said I may be elegible for a Stamp duty refund if this is the ca…[Read more]

]]> 327a4d392324f03f6d86178fca285bdc jsawtell replied to the topic Rendering in the forum Value Adding https://www.propertyinvesting.com/topic/4390710-rendering/#post-4573805 Mon, 17 Sep 2007 04:22:48 +0000 Hi Stella,Can you please reply to this forum if you find someone who can render.  We will be in same situation shortly.  Otherwise I may have to see about doing it myself.ThanksJason

Stella1258 wrote:
Thanks Demkel – now to find someone to do it – sometimes easier said than done on the Gold Coast…CheersStella

]]> 640ccd79cd04669c06c4f2f506bd7f1a jsawtell replied to the topic Corner blocks - new estate in the forum Help Needed! https://www.propertyinvesting.com/topic/4390818-corner-blocks-new-estate/#post-4574255 Mon, 17 Sep 2007 03:30:22 +0000 Don't mean to hijack thread, but good points.I would be very interested to know more.  I just bought our PPOR on a corner block.  House is set back so we are going to build a boundary fence to create a side/front yard and reclaim a yard and allows for a pool.On a second note I would like opinions – does a front fence/gate add/subtract value of a p…[Read more]

]]> eae4d575dfe0bfb2d149083af313bdc2 jsawtell replied to the topic Buyer wanting an investor who will wrap on Gold Coast in the forum Hi Dan, I tried to send an https://www.propertyinvesting.com/topic/4390615-buyer-wanting-an-investor-who-will-wrap-on-gold-coast/#post-4572991 Thu, 06 Sep 2007 03:24:00 +0000 Hi Dan,I tried to send an email to your account but it bounced back as unable to find account name.  Can you please confirm this address is correct or email me at js@onlinehobbies.com.auThanksJason

danflick wrote:
Hi there property investors. We are a couple who have been renting on Burleigh Beach for the past three years, have a solid income a…[Read more]

]]> 16b91e9ddde65e7c106959fb95b9a9d0 jsawtell replied to the topic Question re Paying Off Your PPOR Mortgage Quicker in the forum Hi Richard, Just wanted to https://www.propertyinvesting.com/topic/4390717-question-re-paying-off-your-ppor-mortgage-quicker/#post-4573834 Thu, 06 Sep 2007 02:48:28 +0000 Hi Richard,Just wanted to confirm my knowledge.  So with an Offset account, is there any point of moving the additional cash from offset account into mortgage/loan account except for personal reasons to manage the money (eg. would need to redraw instead of instant access to cash).  Or if you want to use the cash for a deposit on an IP, would it b…[Read more]

]]> 95afe724b3491bb4496762f2d5f3b3de jsawtell replied to the topic QLD Settlement - PLEASE HELP in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4390373-qld-settlement-please-help/#post-4571626 Tue, 07 Aug 2007 10:23:56 +0000 Thanks for the info Terry/Opportunity

]]> 3ea0c21dc8aab106caec83e28a96791e jsawtell replied to the topic Wrap advice please.. in the forum Creative Investing https://www.propertyinvesting.com/topic/4389706-wrap-advice-please/#post-4568025 Mon, 30 Jul 2007 09:59:00 +0000 Hi Arthur,How did you go with your ad?  If it works well then can you please post your add so I can get some ideas?  I have a Sydney property I might wrap as the capital return for selling today brings a lose and to keep leaves a highly negative property.ThanksJason

ArthurK wrote:
Thanks for mailing me the CD Steve, I received it today.I've m…[Read more]

]]> dfa097c5c49b861119402e397d9189b0 jsawtell replied to the topic Vendor with 2nd mortgage on property in the forum Finance https://www.propertyinvesting.com/topic/4390164-vendor-with-2nd-mortgage-on-property/#post-4570497 Thu, 12 Jul 2007 12:20:06 +0000 Thanks Richard.Another Question – if a lender puts a 2nd mortgage on a property, then what is maximum amount/% they will borrow against house valuation (eg 95% of valuation)?  Is there a limit all lenders have or do they do it on circumstance?

]]> 3b8c958e0ae0a07a5c9e7a15ff270928 jsawtell replied to the topic Vendor with 2nd mortgage on property in the forum Finance https://www.propertyinvesting.com/topic/4390164-vendor-with-2nd-mortgage-on-property/#post-4570495 Thu, 12 Jul 2007 12:12:19 +0000 Qlds007 wrote:
You friend has little alternative as the agent is correct if the loan is not repaid and the vendor has not made arrangements with the lender to clear up the possible negative equity then they will not release the mortgage.In saying this if your comment about the Bank taking the house in 2 months is correct the vendor would be…[Read more]

]]> 997c8b32b817e911850f41509f08b3bd jsawtell replied to the topic Floor Plan Size and Search Methods in the forum General Property https://www.propertyinvesting.com/topic/4390087-floor-plan-size-and-search-methods/#post-4570014 Sun, 08 Jul 2007 10:36:11 +0000 It would be nice to see a floorplan on property listing websites.  Even without specific measurements, you can normally get the idea of a room by its proportion to the rest of the house.  For me it would highlight things like living areas (open or closed areas) and other things like location of main room (eg, not at front of house if on main r…[Read more]

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