PropertyInvesting.com | JustAllan | Activity https://www.propertyinvesting.com/members/justallan/activity/ Activity feed for JustAllan. Sun, 12 Apr 2026 07:28:00 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 e697ff0035338825d7bd770cf934cc80 JustAllan started the topic Splitting rent according to number of tenants in the forum Help Needed! https://www.propertyinvesting.com/topic/5091571-splitting-rent-according-to-number-of-tenants/ Tue, 26 Sep 2023 17:33:46 +0000 I decided to revive my account here to ask a question.

I’m currently a tenant renting a 3bd rental property.  I use 1 bedroom.  I’d like to reduce the rent I’m paying to save more $$$ sooner for a loan deposit, by having someone move into one or both spare rooms.   It won’t be a sublease but “a friend” that must be approved by the REA and add…[Read more]

]]> ee69901e2d3eee942ea03cf412bc666b JustAllan replied to the topic PPoR / IP / Bank / Centrelink - confused! in the forum Finance https://www.propertyinvesting.com/topic/5017379-ppor-ip-bank-centrelink-confused/#post-5017380 Wed, 09 Dec 2015 05:25:29 +0000 Forgot to ask… I was trying to solve the missing 25% problem, and make it an IP from the start. Is there anything preventing me getting the extra 25% by using the savings as security for a personal loan?

]]> 631dd4db60564fe6afc010644adab8d2 JustAllan started the topic PPoR / IP / Bank / Centrelink - confused! in the forum Finance https://www.propertyinvesting.com/topic/5017379-ppor-ip-bank-centrelink-confused/ Wed, 09 Dec 2015 05:18:21 +0000 Quick summary:

* Pensioner
* Have 50% deposit
* Bank will lend 50% for PPoR
* Bank will lend 25% for IP

The problem:

1. The 25% reduction for an IP – means I can’t purchase one. Even though…

2. I’m paying cheap rent. So buying either PPoR or IP, makes me financially worse off. (Once my cash goes into a PPoR, I’m no longer earning…[Read more]

]]> 3f39b0f9d7173d0f8ea323ee06537283 JustAllan replied to the topic Two 'closing costs' - or three !? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5016664-two-closing-costs-or-three/#post-5016677 Sat, 21 Nov 2015 02:32:51 +0000 Glad the government keeps things nice and simple. I was going to ask what’s the point, but that’s just as pointless – LOL.

Thanks.

Is anyone aware of a website that lists ALL the costs in buying a (NSW) residential property? Just when I think I’ve covered every expense (in a spreadsheet), I find another site that mentions another expense.…[Read more]

]]> ed81f5081d213bfac01a12e98986634d JustAllan replied to the topic Two 'closing costs' - or three !? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5016664-two-closing-costs-or-three/#post-5016677 Sat, 21 Nov 2015 02:32:51 +0000 Glad the government keeps things nice and simple. I was going to ask what’s the point, but that’s just as pointless – LOL.

Thanks.

Is anyone aware of a website that lists ALL the costs in buying a (NSW) residential property? Just when I think I’ve covered every expense (in a spreadsheet), I find another site that mentions another expense.…[Read more]

]]> c01dec1f7987239a8f79a3df4e50f209 JustAllan started the topic Two 'closing costs' - or three !? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5016664-two-closing-costs-or-three/ Fri, 20 Nov 2015 05:38:05 +0000 Thinking of buying my first PPoR. I was looking at two websites: one was CBA; the other just one of many that use the same NSW NSW stamp duty calcuation.

The bank totals up ALL of the following:

1. $110 – Registration of mortgage (register mortgage on title of property).
2. $110 – Registration of discharge of mortgage (remove seller’s e…[Read more]

]]> 0fa2924c8dbc572dd97f33b8844e6fd4 JustAllan started the topic Upcoming Joel Bauer events in the forum Opinionated! https://www.propertyinvesting.com/topic/5011791-upcoming-joel-bauer-events/ Sun, 16 Aug 2015 14:26:25 +0000 I looked several times but couldn’t find the details. With only a start time provided, I wonder how many people are thinking similar:

* How long the event goes for. i.e. When does it finish each day.

* Whether parking is available – and if for example that requires coins, credit card, some kind of electronic pass, etc.

* We don’t know if it’s…[Read more]

]]> 23ecd90c7af31417d7cd827e220585b0 JustAllan started the topic Upcoming Joel Bauer events in the forum Opinionated! https://www.propertyinvesting.com/topic/5011791-upcoming-joel-bauer-events/ Sun, 16 Aug 2015 14:26:25 +0000 I looked several times but couldn’t find the details. With only a start time provided, I wonder how many people are thinking similar:

* How long the event goes for. i.e. When does it finish each day.

* Whether parking is available – and if for example that requires coins, credit card, etc.

* We don’t know if it’s a couple of hours, or several…[Read more]

]]> 6fff727fc69f1f9eecb8a297ad1ebd45 JustAllan replied to the topic Build before subdivision or subvide before building in the forum Value Adding https://www.propertyinvesting.com/topic/5002809-build-before-subdivision-or-subvide-before-building/#post-5003075 Thu, 05 Mar 2015 08:50:21 +0000 I know of a guy who purchased a block of land along a highway, planning to build a petrol station/restaurant – based on a backroom handshake with council – regarding future development of the area. With $$$ in his eyes he purchased the land dirt cheap from a farmer, then waited. When development plans for the area were released, the off ramp…[Read more]

]]> 15640d05ca18ac12fc5120b9ac7ee491 JustAllan replied to the topic Investors using RE Agents/Property Managers - beware! in the forum General Property https://www.propertyinvesting.com/topic/4408280-investors-using-re-agentsproperty-managers-beware/#post-4682525 Fri, 14 Dec 2012 03:49:10 +0000 How do we still qualify for benefits?  Beyond me.  All I do know is, they assume you're earning x% (I think it's something like 4%) on any assets.  Centrelink then deducts 50 cents for every dollar they estimate you're earning – whether you are earning anything or not.  Payments continue to reduce until above a certain level of assets you get…[Read more]

]]> c533b944e96235b23319f5b9fca27285 JustAllan replied to the topic Investors using RE Agents/Property Managers - beware! in the forum General Property https://www.propertyinvesting.com/topic/4408280-investors-using-re-agentsproperty-managers-beware/#post-4682524 Fri, 14 Dec 2012 03:45:05 +0000 I wasn't even aware of that – thank you.

]]> b2f09bef0bab9ca3de575b474637118e JustAllan replied to the topic Investors using RE Agents/Property Managers - beware! in the forum General Property https://www.propertyinvesting.com/topic/4408280-investors-using-re-agentsproperty-managers-beware/#post-4682523 Fri, 14 Dec 2012 03:44:38 +0000 We have indeed.  But there's two obstacles.  First, after costs, stamp duty, etc., we'll only have about $287,000 remaining.  There's mostly only hovels here for that price.  The second problem is time.  Several RE agents told us they'd "definitely be able to help us."  We asked them to be brutely honest – and they weren't.  Now we have a week…[Read more]

]]> 4b69538d0bbca7db2ba13e80379ba5ea JustAllan replied to the topic Investors using RE Agents/Property Managers - beware! in the forum General Property https://www.propertyinvesting.com/topic/4408280-investors-using-re-agentsproperty-managers-beware/#post-4682519 Thu, 13 Dec 2012 11:02:33 +0000 We really don't know what their problem is.  We are on Centrelink benefits, but we're far from the stereotype.  (We have ~$300,000 in savings, which they know because it's one of the documents we use to provide identity points.)

]]> ab25f7b4f9e6300e61d4a1357a2845e4 JustAllan replied to the topic Looking for broker/etc. in Newcastle NSW area in the forum Finance https://www.propertyinvesting.com/topic/4407204-looking-for-brokeretc-in-newcastle-nsw-area/#post-4674253 Mon, 23 Jul 2012 13:35:58 +0000 Thanks… I have suggested that very thing to him. I’m trying to look into other options, in case he feels things are getting more complicated than he’d like.

]]> 4fff057f2427062cf344f677b4973fff JustAllan replied to the topic Looking for broker/etc. in Newcastle NSW area in the forum Finance https://www.propertyinvesting.com/topic/4407204-looking-for-brokeretc-in-newcastle-nsw-area/#post-4674251 Mon, 23 Jul 2012 12:14:09 +0000 Hi Richard. I think you might have hit the nail on the head. (When you mentioned minimum loan amount, I think that may be the reason they can’t get a loan with a standard lender.) Also, I’m not sure – but it’s possible they are repaying a loan on the church building. With that in mind, I have two questions for you:

1. If there IS a current…[Read more]

]]> 30c0d54e794a09941ae6a7d3eb8bd27f JustAllan replied to the topic New Certificate IV Course - Fee exemption!? in the forum Ok, I have been emailed https://www.propertyinvesting.com/topic/4406363-new-certificate-iv-course-fee-exemption/#post-4667884 Thu, 19 Apr 2012 06:23:03 +0000 Ok, I have been emailed privately about this. Basic criteria is you need to be an Australian citizen, not completed a Certificate IV (or higher) in the past (only allowed one exemption by gov. it seems), employed full time, and your employer agrees you may do the course (as they are involved in the scheduling and payment process).

I hope it was…[Read more]

]]> ef939501baa638b8debe354d4f25b6b0 JustAllan replied to the topic 1st investment for under 350k in the forum Help Needed! https://www.propertyinvesting.com/topic/4406350-1st-investment-for-under-350k/#post-4667760 Thu, 19 Apr 2012 04:40:20 +0000 Just read your price limit again… Have you considered the Central Coast, Port Stephens (I’m mainly thinking of Raymond Terrace), or possibly even Port Macquarie if you can get a bargain. Also Old Bar.

For example, Raymond Terrace has two Woolworths 3 minutes walk apart. A BigW, Aldi, RTA, ten pin bowling, public pool, new police station, Dan…[Read more]

]]> 1739742a0bf0d90274874b6bbc6fa1c9 JustAllan replied to the topic 1st investment for under 350k in the forum Help Needed! https://www.propertyinvesting.com/topic/4406350-1st-investment-for-under-350k/#post-4667759 Thu, 19 Apr 2012 04:07:53 +0000 Yes – Aberglasslyn – that’s what I meant by Rutherford. I always forget it has a different name, because Aberglasslyn was once just a few farms and a dirt road. McKeachies run is new as well, but seems a little more expensive than Aberglasslyn. (Although I haven’t looked in detail. It’s just a personal conclusion drawn from the daily listings…[Read more]

]]> ea9291b52328d51381969555843ed7fd JustAllan replied to the topic 1st investment for under 350k in the forum Help Needed! https://www.propertyinvesting.com/topic/4406350-1st-investment-for-under-350k/#post-4667756 Wed, 18 Apr 2012 09:15:24 +0000 The area south of Charlestown (Windale) has a large proportion of government housing tenants. The NSW Gov. has been selling them off for several years, but the area will take decades (if ever) to improve. i.e. If your neighbour is a drug-using, wife-slugging, foul mouth with a dog that never shuts up, children that always have swinging full…[Read more]

]]> c14b929969358464d16050dbae9d6009 JustAllan replied to the topic So far out of the box... there's no box. in the forum Help Needed! https://www.propertyinvesting.com/topic/4397992-so-far-out-of-the-box-theres-no-box/#post-4612467 Fri, 04 Dec 2009 10:26:55 +0000 Oh – and reading my question again, I realised someone may take me the wrong way…  I wouldn't be subdividing the block…  Just putting up a temporary fence.  Maybe it would turn out I'd only be there one, or two, years.  But if I *could* last four years, I'd certainly be way ahead.

]]> 2194ec4b982a81983411e2d1bdfe02e0 JustAllan replied to the topic So far out of the box... there's no box. in the forum Help Needed! https://www.propertyinvesting.com/topic/4397992-so-far-out-of-the-box-theres-no-box/#post-4612466 Fri, 04 Dec 2009 10:22:13 +0000 Thanks for the reply.  I did ask local council years ago and I think they said as long as no-one complains, they couldn't care less.  But yes, will have to check again if it's still the same.I was thinking more of the lender or insurance company though…  If they would have any problem with it that I cannot come up with.

]]> ffbc49154ae2d7c3a7e56c83c97f34f3 JustAllan replied to the topic Renovating 4 houses a year= $100,000 profit in the forum Value Adding https://www.propertyinvesting.com/topic/4395627-renovating-4-houses-a-year-100000-profit/#post-4600555 Thu, 19 Mar 2009 22:41:35 +0000 Well, maybe it takes months in some places, but I'm in the Newcastle area – and I can tell you for certain – I see many properties (that are correctly priced, and not burnt-out ex-government housing stock), often sell within TWO WEEKS of listing.  In fact, one property I saw in the last few weeks sold for a few thousand more than the advertised…[Read more]

]]> 78153bcaba13f05b90e6d67c8f16c630 JustAllan replied to the topic Best place to "park" money (highest interest?) in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394904-best-place-to-park-money-highest-interest/#post-4596548 Sun, 14 Dec 2008 06:09:31 +0000 Casper_1000 wrote:
If you don't need your money for a period of time then consider a term deposit as they usually have better rates than a savings account. Take a look at Ubank which is part of the NAB group and also Suncorp which offer a negotiated rate for amounts over 100K.

Hi again…  I looked up term deposits at the two places…[Read more]

]]> 414efc3a10281382bb359d5a5918bae0 JustAllan replied to the topic Best place to "park" money (highest interest?) in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394904-best-place-to-park-money-highest-interest/#post-4596544 Thu, 11 Dec 2008 09:51:28 +0000 Linar wrote:
I know several property investors/developers who are always looking to borrow money and will pay around 15%.

Someone in the forums has contaced me in the past about something similar.  (Could even have been yourself.)  I'm afraid I'm risk adverse, and the info was a little too thin to round out my understanding.  I'll still cons…[Read more]

]]> 4524671d4c8d251d43b2fd3b27c8a9f0 JustAllan replied to the topic Best place to "park" money (highest interest?) in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394904-best-place-to-park-money-highest-interest/#post-4596543 Thu, 11 Dec 2008 09:48:03 +0000 Casper_1000 wrote:
Arab Bank certainly are offering a very high rate considering the RBA cash rate is currently 4.25%.

 Makes you wonder, doesn't it?  There's many giving interest rates above the RBA CR.  We're currently with BankWest.  Our special 12-month introductory interest rate ended last month – but they're still giving us 5.5%.…[Read more]

]]> bcc9d752918781ede4c0a1fc4b59ffa7 JustAllan replied to the topic Best place to "park" money (highest interest?) in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394904-best-place-to-park-money-highest-interest/#post-4596542 Thu, 11 Dec 2008 09:42:25 +0000 Qlds007 wrote:
Allan do you havd a home loan yourself ?

Not currently, Richard.  We're deciding if to buy our first PPoR, or invest.  We do plan to pack up and take an extended holiday (possibly 3 months or more).  So I'm looking to earn the best interest we can during that time.

]]> ad5ee02f07c9a2ae3996038084139648 JustAllan replied to the topic Painting over bathroom tiles..... in the forum Value Adding https://www.propertyinvesting.com/topic/4393340-painting-over-bathroom-tiles/#post-4588146 Fri, 30 May 2008 02:11:56 +0000 Have seen this done a couple of times on TV.  I thought the price they mentioned was ridiculous for what you get – around 70% of the price to re-tile (if I remember correctly).  In such a case, why not just re-tile – even new plain white would look better than old  style, repainted.  The finished job (on TV) was nothing to crow about either.  It s…[Read more]

]]> fb364aaec782af664c34a124f743dc6c JustAllan replied to the topic QLD development "investment" all over again? in the forum General Property https://www.propertyinvesting.com/topic/4389941-qld-development-investment-all-over-again/#post-4569400 Mon, 18 Jun 2007 09:37:42 +0000 Oh, is THAT All – LOL!    I thought it must have been something new coming out with the budget, etc. that I'd missed hearing about.Thanks…

]]> 882f7404fe0fc14bcede76ca12dbc9b5 JustAllan replied to the topic I have a question on Past Auction/Sales Results???? in the forum General Property https://www.propertyinvesting.com/topic/4389875-i-have-a-question-on-past-auctionsales-results/#post-4569153 Mon, 18 Jun 2007 04:41:45 +0000 To be honest, I think Jenman is a bit strange – in the Michael Jackson sense.  Especially after seeing his odd fascination with some dead Australian author I've never even heard of, on the ABC a few days ago.  But to give a voice to the general public on this…Most people (both buyers and sellers) HATE auctions – and RE agents rate similar to c…[Read more]

]]> 2a7be4e55e523c50d06a448db2ffb90d JustAllan replied to the topic OT: New Zealand - plane tickets and shipping cars in the forum Overseas Deals https://www.propertyinvesting.com/topic/4385808-ot-new-zealand-plane-tickets-and-shipping-cars/#post-4550021 Mon, 12 Jun 2006 12:02:45 +0000 Originally posted by Mortgage Hunter:
Cars are cheap in NZ because they have less strict safety standards. Second hand Japanese vehicles have flooded the market. These vehicles are not manufactured to Australian standards and wil lrequire some modification to comply as well as duty to be paid.

Thanks. I did an expired auction search on ebay…[Read more]

]]> 7ec09e70881ec836cd686fe15de22eb4 JustAllan replied to the topic Wizard Home Loans newsletter in the forum Finance https://www.propertyinvesting.com/topic/4384794-wizard-home-loans-newsletter/#post-4543978 Thu, 23 Mar 2006 13:59:55 +0000 Thanks – I knew of that one but discounted it (for the time being), since it’s unlikely interest rates will go down. All the talk in the media = same for now, but eventual increase.

(And we know if the media keeps bellowing about something, people eventually believe it and follow.) [eh]

]]> baa5f8dc310c5bf345b9f9dc3c7dde3b JustAllan replied to the topic Wizard Home Loans newsletter in the forum Finance https://www.propertyinvesting.com/topic/4384794-wizard-home-loans-newsletter/#post-4543976 Wed, 22 Mar 2006 18:03:58 +0000 Thanks, Terry…

]]> e9c82bd660e063ccec0c5ab20282a60b JustAllan replied to the topic Petrol increase = interest rate rise. Why? in the forum General Property https://www.propertyinvesting.com/topic/4384144-petrol-increase-interest-rate-rise-why/#post-4540420 Sun, 05 Feb 2006 16:16:07 +0000 Not everyone is hurting because of the high petrol prices. I absolutely love this “territory” as you put it. Can’t wait for the pump price to get over $ 2 / litre where it should be. Bring it on. Life will be very sweet indeed when that happens.

I’ve got to ask… In what way do you mean will life be sweet?

Petrol is dirt cheap. People…[Read more]

]]> 7c42e050b0cac9afb9db50a02c6d1bff JustAllan replied to the topic Petrol increase = interest rate rise. Why? in the forum No Subject https://www.propertyinvesting.com/topic/4384144-petrol-increase-interest-rate-rise-why/#post-4540416 Sun, 05 Feb 2006 06:15:36 +0000 Originally posted by Forklift:
My question is: To “rein in” or “put a halt” to rising inflation, why is it only, or mostly, the mortgagees that are forced to ‘foot the bill’?

Heh – Well, I’m not going to be any use answering this, as I’m more confused than when I began! [blink]

How increasing the price of petrol or interest rates, prevents…[Read more]

]]> b14739d35e2452492762d25a4ecfdb2a JustAllan replied to the topic Father is dying. Please help with advice. in the forum No Subject https://www.propertyinvesting.com/topic/4380863-father-is-dying-please-help-with-advice/page/2/#post-4520656 Thu, 08 Dec 2005 04:20:03 +0000 By the way, I did read and comprehend what you wrote. You were worrying about money when your father was dying regardless of how the situation arose.

It is not about money – it’s about right & wrong. But anyway…

]]> 5c84c4fe0875eb2e91de22050cb42e2f JustAllan replied to the topic Online calculator- calculated monthly, paid yearly in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4381171-online-calculator-calculated-monthly-paid-yearly/#post-4522857 Sat, 16 Jul 2005 01:25:27 +0000 Hi camder…

We just opened a savings account with Elders Rural Bank. Interest is 5.65% and is calculated monthly, but paid yearly. So, I’m not sure if the calculator I’m using calculates this correctly…

[Edit] Oops, I just checked and interest is calculated *daily*, but paid *monthly* into the account – not yearly like I originally thought.

]]> 32b47efdef0a1ad5f36724c31a496671 JustAllan replied to the topic Father is dying. Please help with advice. in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4380863-father-is-dying-please-help-with-advice/#post-4520652 Fri, 15 Jul 2005 08:48:05 +0000 Hm… Amazing how some can judge so *clearly* from just a few lines of text. My father passed away a few days ago. I’ve read the replies since then, and quite frankly – one person at least is extremely arrogant in their assumptions.

This forum is after all, about LEGAL & ACCOUNTING. Considering that, I’d hardly make the entire discussion…[Read more]

]]> 732fe3acd142e6c1c417f851217b4580 JustAllan replied to the topic Father is dying. Please help with advice. in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4380863-father-is-dying-please-help-with-advice/#post-4520647 Wed, 22 Jun 2005 21:47:05 +0000 Originally posted by foundation:
This speaks volumes…
I’m sorry for your loss. The loss of your father that is.
Regards, F.[cowboy2]

I’m not quite sure if you’re saying I’m being petty – but if the shoe was on your foot I don’t think you’d be so anecdotal. For instance…

We’ve now found out that dad DID have a will after all – a…[Read more]

]]> 6181dc7548b7537512cb58009e66f7c7 JustAllan replied to the topic Father is dying. Please help with advice. in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4380863-father-is-dying-please-help-with-advice/#post-4520645 Wed, 22 Jun 2005 07:38:01 +0000 Originally posted by HotRod:

Now changing tack a little. It always amazes me when people die the descendants always think they have something due to them.

I guess my problem is, the relatives thought I would take everything from the wife – which of course as the Paul Clitheroe statement above shows, I simply could not have done anyway. I…[Read more]

]]> 5453d64b9e7cc7d0c78936988f385803 JustAllan replied to the topic Father is dying. Please help with advice. in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4380863-father-is-dying-please-help-with-advice/#post-4520644 Wed, 22 Jun 2005 06:54:36 +0000 Originally posted by Mortgage Hunter:
The will is an administrative issue that can be dealt with a little later on. I have no experience in this matters (thankfully so far) but I imagine I would wait to see what it actually contains. In this low time you might be imagining far worse than is the case.

Well, today it’s even worse than I’d hoped.…[Read more]

]]> 10b7198e60214bb58f08787dd94b25f5 JustAllan replied to the topic Father is dying. Please help with advice. in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4380863-father-is-dying-please-help-with-advice/#post-4520643 Wed, 22 Jun 2005 06:34:26 +0000 Originally posted by Wylie:
Please get in writing whatever you can from the staff who have confided in you that your dad was not in a fit state to sign a will. If you don’t get anything now, they may forget the details or worse, be pursuaded (or not allowed – privacy laws are very strange) to give you any copies at a later date.

The staff have…[Read more]

]]> 36536e9bafbd63c625776c27ccdcc629 JustAllan replied to the topic New home builders? Any good ones? in the forum General Property https://www.propertyinvesting.com/topic/4380845-new-home-builders-any-good-ones/#post-4520552 Tue, 21 Jun 2005 13:41:48 +0000 I can’t recommend one, but I will say… My wife & I used to clean newly-built homes. I’ve also been through display homes of various other companies and seen the same shoddy workmanship.

Same tradesmen – that’s why. The reason is, most “home builders” contract the work out to other businesses. They don’t build homes – they broker the…[Read more]

]]> 8e153431f0994fddef093c8aaca24225 JustAllan replied to the topic Commercial deal of the decade, but... in the forum No Subject https://www.propertyinvesting.com/topic/4380488-commercial-deal-of-the-decade-but/#post-4518082 Tue, 31 May 2005 13:03:32 +0000 Thanks all!

]]> c1d6060e4543488776f407261d5dd5a1 JustAllan replied to the topic Changing loan types in the forum Help Needed! https://www.propertyinvesting.com/topic/4379585-changing-loan-types-2/#post-4511861 Sun, 29 May 2005 12:58:34 +0000 I may be totally out of the ballpark on this – but since you want to make it interest only, it’s probably because you plan to claim the interest payments on tax, right? So (assuming you pay enough tax to claim it back), why not a low-doc loan?

Or as you said – wait three months. :-p

Allan

]]> 791ae7b223fbf068572e0bc92359a354 JustAllan replied to the topic Commercial deal of the decade, but... in the forum No Subject https://www.propertyinvesting.com/topic/4380488-commercial-deal-of-the-decade-but/#post-4518079 Sun, 29 May 2005 12:40:22 +0000 No, not at all – I *am* trying to find out if it is possible though. Here’s some example figures:

I have $22,000 for a deposit.
Partner in deal thinks he can equal this, given a few weeks.

(If a 30-day contract was signed, we would also be able to add a little more to the deposit amount in that time.)

Anyway… Say both our deposits together…[Read more]

]]> bca4951c8a16a56f1a2f8fb9613e3b70 JustAllan replied to the topic Do multiple titles = multiple fees? in the forum No Subject https://www.propertyinvesting.com/topic/4380503-do-multiple-titles-multiple-fees/#post-4518191 Sun, 29 May 2005 05:16:03 +0000 Thanks!

]]> 25a92d435b568fd96ff35036760b9663 JustAllan replied to the topic Commercial deal of the decade, but... in the forum No Subject https://www.propertyinvesting.com/topic/4380488-commercial-deal-of-the-decade-but/#post-4518077 Sat, 28 May 2005 15:27:00 +0000 Originally posted by APerry:
You should make sure that you can get finance for the deal and what sort of LVR is available.

Yep, I was just doing some calculations on that actually. After adding all the extra fees, LVR is about 86 to 89% – depending on a couple of things. For instance:

* Building Inspection Fee
* Land Titles Office Fee
*…[Read more]

]]> cb5c8d2d66b7d3a53c6d3399b34c06c7 JustAllan replied to the topic Commercial deal of the decade, but... in the forum No Subject https://www.propertyinvesting.com/topic/4380488-commercial-deal-of-the-decade-but/#post-4518076 Sat, 28 May 2005 15:19:31 +0000 What has been the capital gain of the prop, compounded annually over the past 10 years ??

…

2. What are you expecting the capital gain of the prop, compounded annually over the next 10 years to be ??

LOL – probably nil – in both cases. I’m not even considering it, actually. [cap]

What are you hoping to extract out of the purchase, CG,…[Read more]

]]> e625a38048d4500ca77606807465385c JustAllan replied to the topic Commercial deal of the decade, but... in the forum No Subject https://www.propertyinvesting.com/topic/4380488-commercial-deal-of-the-decade-but/#post-4518072 Sat, 28 May 2005 05:54:47 +0000 Thank you for the reply… Tenancy is not a worry from what I understand (but of course I need to check this). They have been there long term. I think from reading your reply, I may not have described my concerns correctly. I’m concerned that once *we* own the property, we might find ourselves paying for constant repairs. I have yet to talk…[Read more]

]]> b1853a8515d5ae63d05ccb3499e98f85 JustAllan replied to the topic How does equity work? in the forum Finance https://www.propertyinvesting.com/topic/4377594-how-does-equity-work-2/#post-4499385 Sun, 26 Dec 2004 15:40:36 +0000 Originally posted by The Mortgage Adviser:

Quote:
Originally posted by JustAllan:

Quote:
If we found a neutral-geared IP (its incoming rent would cover the IP loan repayments), will we be able to get a second loan?
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You would if you had the income to service the additional loan. Most lenders will not allow use of the total rent and will…[Read more]

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