PropertyInvesting.com | karlm63 | Activity https://www.propertyinvesting.com/members/karlm63/activity/ Activity feed for karlm63. Tue, 14 Apr 2026 16:05:45 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 51ccd60441bd49f0bfa01cf0a0c37c97 karlm63 replied to the topic Wasting Time in the forum Finance https://www.propertyinvesting.com/topic/4991985-wasting-time/#post-5007709 Fri, 22 May 2015 13:37:52 +0000 Maybe he is a SLOW learner and it takes more than once to explain and grasp the concept of structuring for Property investing ??

]]> 5cbcbf640fd2c92655e6fc2f47f1f82e karlm63 started the topic A GOOD Property Savvy Accountant !! in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5007638-a-good-property-savvy-accountant/ Thu, 21 May 2015 00:56:45 +0000 Hi Everyone,
Im not sure if this has been asked before so apologies if it has.
Just a quick question if possible ??
Im on the lookout for a good property savvy accountant on the Central Coast.
Any help would be appreciated.
Thanks in advance,
karlm63

]]> d12d04878a5cbd1f63d38a87c180eef5 karlm63 replied to the topic FREE Residex Property Reports for VICTORIAN, TASMANIAN, and SOUTH AUSTRALIAN properties - Investment or Owner Occupied in the forum Hi Mike Thanks for your help https://www.propertyinvesting.com/topic/4396010-free-residex-property-reports-for-victorian-tasmanian-and-south-australian-properties-investment-or-owner-occupied/page/17/#post-4602819 Wed, 13 Jun 2012 11:45:05 +0000 Hi MikeThanks for your help with the report. I put in an offer in that location on Sat 9/6/12 and the offer was accepted by the Vendor. Right now,  am having an anxious wait for the Contract of Sale to be ready before we can sign. Thought I compare my layman research and estimates against what professional research firms like Residex have ide…[Read more]

]]> 6cc2d8612b17b82ae1124ada6c52806b karlm63 replied to the topic Help regarding loan structure of 1st IP in the forum Finance https://www.propertyinvesting.com/topic/4405383-help-regarding-loan-structure-of-1st-ip/#post-4660197 Sat, 10 Dec 2011 10:29:46 +0000 Hi SkippyzYou mention that you and the misses refinanced home loans from St George LOC package to a 100% offsett account.The question I would like to ask is For your every day expenses do you use a credit card ?When I mean by everyday expenses, your bills, shopping, petrol etc !!!!!!!!The reason why I am asking is, Deb and I have a St George LOC…[Read more]

]]> 65614e4b68aef7dd0b58729b05d52e73 karlm63 replied to the topic Loan Structures in the forum Finance https://www.propertyinvesting.com/topic/4405217-loan-structures-5/#post-4659032 Sun, 20 Nov 2011 10:54:43 +0000 Thanks TerrywThat makes a lot of sense nowIt looks like I will be shopping around for a good deal on an 100% offset home loanAny ideasThanks karlm

]]> a6652ddfab2a4f910c384fd103af61f3 karlm63 replied to the topic Loan Structures in the forum Finance https://www.propertyinvesting.com/topic/4405217-loan-structures-5/#post-4659030 Sun, 20 Nov 2011 10:26:53 +0000 Hey Terryw,I have no idea what NM is talking about.That is mumbo jumbo to me !!!!!!!!!!!!!!!!!!Please explainAll I know is I have a LOC St George home loanWE have had the loan for about 6 years and not much inroads into the loanWhich is the better loan to have the 100% offset or the LOC for investment purposesThanks againkarlm

]]> 800ae203604b1dd93cef1f9eef165222 karlm63 replied to the topic FREE Residex Property Reports for VICTORIAN, TASMANIAN, and SOUTH AUSTRALIAN properties - Investment or Owner Occupied in the forum Hey Mike,Thanks for the very https://www.propertyinvesting.com/topic/4396010-free-residex-property-reports-for-victorian-tasmanian-and-south-australian-properties-investment-or-owner-occupied/page/16/#post-4602810 Tue, 13 Sep 2011 22:55:41 +0000 Hey Mike,Thanks for the very informative property report and all under 1 hour !!!!!!!!!.How professional is that !!!!!!!!!!What a champion.Thanks again Mikekind regards karlm63

]]> 9dbe38b05578768c279dbbce84e548bf karlm63 replied to the topic Destiny in the forum General Property https://www.propertyinvesting.com/topic/destiny/#post-4642924 Tue, 13 Sep 2011 10:29:24 +0000 Hi Empty vessel,I also am a client of Destinys.How do you find the software that they provided……..Destiny Track !!!!!!!!!I find it a little difficult to make sense of………..

]]> 1b10bc4b0667d5815c63d6bedc191da2 karlm63 replied to the topic 100% Offset Versus Line of Credit in the forum Finance https://www.propertyinvesting.com/topic/4403662-100-offset-versus-line-of-credit/#post-4647920 Tue, 17 May 2011 12:57:44 +0000 Thanks Jamie for the quick reply,I have a LOC with St george am I able to have a offset account with that.Is that the way to go or just change the home loan al together

]]> 60776534bd6b222b1e11355ba835c75e karlm63 replied to the topic Rates Notice valuation in the forum General Property https://www.propertyinvesting.com/topic/4402779-rates-notice-valuation/#post-4641840 Thu, 17 Feb 2011 07:19:11 +0000 Hi All,So if the rates notice is the value for the land how can they purchase the house for that price ?Thanks karlm

]]> fbff2adc40bccd2274510f41287a5fc7 karlm63 replied to the topic Understanding growth in the forum Hi DHCP,Could I have a copy https://www.propertyinvesting.com/topic/4402678-understanding-growth/#post-4641067 Sun, 06 Feb 2011 12:28:36 +0000 Hi DHCP,Could I have a copy of that excel spreadsheet that you mentioned with CG ?Thanks karlm63

]]> d54e1f1d589356a38aa21945d98f9d41 karlm63 replied to the topic BuyerBeware Package in the forum Value Adding https://www.propertyinvesting.com/topic/4400852-buyerbeware-package/#post-4629734 Fri, 28 Jan 2011 11:33:16 +0000 Hi,I am interested in buying as well ?Cheers karlm63

]]> 1139f5f9785ddacae970df23aa8375b9 karlm63 replied to the topic FREE Residex Property Reports for VICTORIAN, TASMANIAN, and SOUTH AUSTRALIAN properties - Investment or Owner Occupied in the forum Value Adding https://www.propertyinvesting.com/topic/4396010-free-residex-property-reports-for-victorian-tasmanian-and-south-australian-properties-investment-or-owner-occupied/page/15/#post-4602781 Thu, 27 Jan 2011 13:03:53 +0000 Hi Mike,Thanks for the reports, made 2 successful offers .2 out of 3 aint bad hey !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Without those reports I would not been able to offer anywhere close to what those reports showed.Keep up the good work,Cheers karlm63

]]> 766504a46a259053b2ce363a8037d08d karlm63 replied to the topic Due Diligence in the forum Help Needed! https://www.propertyinvesting.com/topic/4402534-due-diligence-11/#post-4640154 Mon, 24 Jan 2011 09:20:40 +0000 Thanks everyone for the replies,I better start and put some sort of list together and start buying property.I still have not a clue about this list yet but 1 thing i do know is positive cashflow is the go !!!!!!!Thanks again karlmTO BE CONTINUED !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

]]> ea9057197353447d35f052a8ea0bb4d5 karlm63 replied to the topic Due Diligence in the forum Help Needed! https://www.propertyinvesting.com/topic/4402534-due-diligence-11/#post-4640151 Mon, 24 Jan 2011 05:23:42 +0000 Hey all,So what about the 20 questions that Margaret Lomas uses which is in her book of 20 must ask questions for every property investor !!!!!!Sorry if I sound blond ??????

]]> 0065bf0b61949a361d982170b85f00b7 karlm63 replied to the topic Due Diligence in the forum Help Needed! https://www.propertyinvesting.com/topic/4402534-due-diligence-11/#post-4640149 Mon, 24 Jan 2011 04:25:08 +0000 Hey DHCP,Thanks for the reply,I am confused about the actual questions for research that everyone refers to.I have got those 20 Questions that Margaret Lomas uses in her book.Is that the type of questions for researching property that you people refer to as due diligence.Thanks karlm

]]> 1361051d3ac9cbffcc2c36b58ff39989 karlm63 replied to the topic Due Diligence in the forum Help Needed! https://www.propertyinvesting.com/topic/4402534-due-diligence-11/#post-4640144 Sat, 22 Jan 2011 10:36:42 +0000 Thanks for the quick replies,So where do I find this info from ?karlm

]]> 1f19ae87c67df3f0431fa2f2de9e060c karlm63 replied to the topic Investment Properties in the forum General Property https://www.propertyinvesting.com/topic/4402111-investment-properties-3/#post-4637617 Wed, 19 Jan 2011 09:57:19 +0000 Hi all,One thing I did forget to mention is the type of loan I have is a line of credit, portfolio with St George.Thanks karlm

]]> dbc8065a274bcf9728532545dc138c17 karlm63 replied to the topic Cashflow 101 game in the forum Opinionated! https://www.propertyinvesting.com/topic/4368124-cashflow-101-game/page/2/#post-4429749 Sat, 08 Jan 2011 00:41:23 +0000 Hi All,I have that cashflow 101 board game and it is an excellent guide for investing purposes.My question is I have run out of the pad for the financial statements for the game, where can I get a refill of these pads from.Thanks karlm

]]> 271135630dac94a546f5a7805501e2c8 karlm63 replied to the topic House for under $300,00 - Where would you buy in NSW? in the forum Help Needed! https://www.propertyinvesting.com/topic/4402285-house-for-under-30000-where-would-you-buy-in-nsw/page/2/#post-4638697 Fri, 31 Dec 2010 11:10:05 +0000 Hi Ipalad,Mate it is ok to say that my crystal ball is http://www.residex.com.au but which report is it, the name would be good there are so many reports on that site !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!.Do you subscribe to it ?If so how much do you pay !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Thanks karlm

]]> 7d37f798d2ad12066a27e9304d869027 karlm63 replied to the topic Tax Time in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400836-tax-time-2/#post-4629631 Thu, 12 Aug 2010 01:54:13 +0000 Evolve wrote:
Hi Cookie Monster,Well, assuming the depreciation relates to the investment property, then the expense is connected to the receipt of rental income – so the accountant has it right – it definitely goes with all the other expenses relating to the property.Where else do you think the depreciation would go?Would you like me to tell…[Read more]

]]> 5326e8d53839a659a12e075c6ccf11aa karlm63 replied to the topic Investment Loan in the forum Hi Paul,The setup at the https://www.propertyinvesting.com/topic/4400754-investment-loan-3/#post-4629240 Thu, 05 Aug 2010 09:05:40 +0000 Hi Paul,The setup at the moment is the St George portfolio LOC home loan and has already got sub accounts attached which is standard for this type of home loan setupCheers karlm

]]> d9c1d84dc9d2c178616e4787da68c8c8 karlm63 replied to the topic Investment Loan in the forum Help Needed! https://www.propertyinvesting.com/topic/4400754-investment-loan-3/#post-4629238 Thu, 05 Aug 2010 05:38:20 +0000 Hi Terry,Thanks for the reply, just one more question, if I am allowed to do this the funds that I use would be a deduction is this true ?

]]> 129ea3c2e16521ca82d8db53c9372ca8 karlm63 replied to the topic RHG CUSTOMERS - rate cut not .75% in the forum Finance https://www.propertyinvesting.com/topic/4394681-rhg-customers-rate-cut-not-75/#post-4595421 Fri, 07 Nov 2008 07:22:54 +0000 Why cant  you  people pass the full amount on to your loyal customers?????????????????????????????????????????????????????Then again you were all quick enough to raise them out of sequence with the reserve bank now they are lowering the rates it takes you an eternity to lower them.Must be making a pretty hefty profit ????????????????????????????????

]]> 9d4ccb2cf3e25e83cbeee353521a0030 karlm63 replied to the topic Investing what it tax can i claim in the forum Help Needed! https://www.propertyinvesting.com/topic/4393611-investing-what-it-tax-can-i-claim/#post-4589598 Sat, 05 Jul 2008 11:19:31 +0000 Qld007Hi Mate,Just sent email with the info you asked for.Any more info please dont hesitate to email please.Thanks againkarlm

]]> f8faf00f8a11b7d245e66dfcbfc92ff0 karlm63 replied to the topic Investing what it tax can i claim in the forum Help Needed! https://www.propertyinvesting.com/topic/4393611-investing-what-it-tax-can-i-claim/#post-4589596 Sat, 05 Jul 2008 07:46:57 +0000 Hi Mate again,What sort of figures and I will send them if you like !!!!!!!!!That email at the bottom of your post is it alright to send you the info on that.!!!!!!!!!Thanks karlm

]]> dafa82b7ab81a10c883a44cf49f844ec karlm63 replied to the topic Investing what it tax can i claim in the forum Help Needed! https://www.propertyinvesting.com/topic/4393611-investing-what-it-tax-can-i-claim/#post-4589592 Sat, 05 Jul 2008 04:15:59 +0000 Hi Duckster,Thanks for the super quick response.I only just a few minutes ago put that post there !!!!!!!!Yes I have a depreciation report done.The IP is an I/O loan.My last accountant said it was not worth worrying about but the next accountant might think otherwise.I work for the gov and my tax for that particular job is between $1000 – $1200…[Read more]

]]> e5d9433b2be712462ebaa4a50e388ee1 karlm63 replied to the topic Investing what it tax can i claim in the forum Help Needed! https://www.propertyinvesting.com/topic/4393611-investing-what-it-tax-can-i-claim/#post-4589590 Sat, 05 Jul 2008 03:40:39 +0000 Hi Duckster,Just reading your post for Katies007 that is interesting because we are in the same boat and could I get in contact with you for further dicussion on that particular subject please.Thanks karlm.

]]> 3d4367222e34b36e593d9a821f67df5c karlm63 replied to the topic Suburb growth rates for free?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4389748-suburb-growth-rates-for-free/#post-4568191 Wed, 30 May 2007 12:18:53 +0000 hi,Thanks Elka

]]> 7f6dd5556bd05f246d43f10b5c767f46 karlm63 replied to the topic Suburb growth rates for free?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4389748-suburb-growth-rates-for-free/#post-4568188 Wed, 30 May 2007 05:08:41 +0000 Hi spudsta,If you have a look at realestate.com.au then go to the link for the RP Data free suburb report and then enter a poscode.Thanks karlm63

]]> d0cc5a409d621ca1a5d80aee87c96f48 karlm63 replied to the topic Sydney's Secret Boom Suburbs? in the forum General Property https://www.propertyinvesting.com/topic/4389648-sydneys-secret-boom-suburbs/#post-4567792 Tue, 29 May 2007 03:58:34 +0000 Hi all,Yeah just tried to load that site and it does not load up !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!Be very careful pleaseThanks karlm

]]> 3c38d9e020028e88ada45455951f4926 karlm63 replied to the topic Risk of not mentioning some debts when applying for a loan? in the forum Finance https://www.propertyinvesting.com/topic/4389563-risk-of-not-mentioning-some-debts-when-applying-for-a-loan/#post-4567506 Tue, 29 May 2007 02:15:34 +0000 Hi all,Just reading your posts and comments about the above topic.There is a lady down the road from where I live and she and her 2 kids went for a home loan.They are buying the house that they live in (ppor) for $190,000.The 2 kids work but the mother does not as she is on a disability pension.One of the kids has got a $38,000 debt which includes…[Read more]

]]> c72b22050f185f40248ab82843496086 karlm63 replied to the topic Home loan structures in the forum No Subject https://www.propertyinvesting.com/topic/4388076-home-loan-structures-2/page/2/#post-4560637 Wed, 31 Jan 2007 07:48:27 +0000 Hi qld007 and terryw,
The problem I have at the moment is that if I refinance with some one else I incur break costs of between $6000 to $6500.
I have just found out that if I break within 4 years that is the penalty !!!!!!
I am so frustrated about the whole dam thing !!!!!!!!!!!!!!!!!!!!!!!!!!!!
I do not know anymore ??????
Thanks karlm63

]]> 7fb923e5e30cb868d0f8788cd8c4e93b karlm63 replied to the topic Home loan structures in the forum Finance https://www.propertyinvesting.com/topic/4388076-home-loan-structures-2/#post-4560632 Mon, 22 Jan 2007 14:49:53 +0000 Hi Barbara,
I dont think a LOC is that bad !!!!!!!
I have one and is split one for investment purposes and the other is for personal purposes.
After saying all of that and enquiring on this forum the majority are saying a 100% offset is the go !!!!!!!!!!!
Would you keep us informed please.
Thanks karlm

]]> 3ec8e4b61bfa5542af2f99e4429008ed karlm63 replied to the topic Dont hold back tell me what you reckon in the forum General Property https://www.propertyinvesting.com/topic/4387647-dont-hold-back-tell-me-what-you-reckon/#post-4558568 Mon, 22 Jan 2007 00:50:24 +0000 Hi Condog,
That post you put in about the land content that is very interesting how did you work that out those figures ?
Please explain !!!!!!!
Thanks karlm

]]> e6e1d43ceabdcc3caae27607eca013b0 karlm63 replied to the topic Home loan structures in the forum No Subject https://www.propertyinvesting.com/topic/4388076-home-loan-structures-2/#post-4560630 Fri, 19 Jan 2007 21:28:34 +0000 Hi Barbara,
The reason I am asking you these questions is because it looks like we might have to refinance sooner than later !!!!
The current institution we are with can not link my home loan to my LOC because they said it can not be done which I think is a load of rubbish because they would be the only institution that does not set it up that…[Read more]

]]> c24649a16d0073e2dafb6d6c2bfcf48f karlm63 replied to the topic Home loan structures in the forum Finance https://www.propertyinvesting.com/topic/4388076-home-loan-structures-2/#post-4560626 Thu, 18 Jan 2007 20:26:53 +0000 Thanks again qld007 for your input.
Am I able to ask what sort of structure the master himself has got.
I am referring to steve himself in his book he mentions the offset account against his loan is this still correct ?
Thanks karlm

]]> cb0828e30a81d0618779558992a05fa4 karlm63 replied to the topic Home loan structures in the forum Finance https://www.propertyinvesting.com/topic/4388076-home-loan-structures-2/#post-4560624 Thu, 18 Jan 2007 10:25:36 +0000 Thanks qld007 for the info.
Whats a HDT stand for ?
Thanks karlm

]]> ab849232ea42181ec79a11c6b038a10b karlm63 replied to the topic Home loan structures in the forum Finance https://www.propertyinvesting.com/topic/4388076-home-loan-structures-2/#post-4560622 Thu, 18 Jan 2007 08:11:56 +0000 Hi QLD007,
What would you suggest ??????

]]> 2d8641778bc74b4396235d1b7d122a39 karlm63 replied to the topic Home loan structures in the forum Finance https://www.propertyinvesting.com/topic/4388076-home-loan-structures-2/#post-4560621 Thu, 18 Jan 2007 08:10:11 +0000 Yeah I think they saw us comingOriginally posted by Qlds007:
Wow that is alot of money especially when most mortgage brokers would do it for nothing.

Cheers

Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au
Looking for life cover – We Guarantee to beat…[Read more]

]]> 075a6017f806e18c66eb77ae72227d8c karlm63 replied to the topic Home loan structures in the forum Finance https://www.propertyinvesting.com/topic/4388076-home-loan-structures-2/#post-4560619 Thu, 18 Jan 2007 07:38:50 +0000 Hi barbara,
I have been looking at them for a month or two now.
I bought her books and read them all and she still recommends the line of credit but I am sure she does not mention the 100% offset account against the home loan.
What sort of costs were involved for you ?
The only reason I ask is the people we are with they charged the wife and I…[Read more]

]]> ea93a21a20ff0af93e397e02532b2257 karlm63 replied to the topic Steves books in the forum Creative Investing https://www.propertyinvesting.com/topic/4388066-steves-books/#post-4560582 Wed, 17 Jan 2007 08:13:31 +0000 Thankyou very much agave

]]> db380e13a5fd345e127250972212fb79 karlm63 replied to the topic Home loan structures in the forum Creative Investing https://www.propertyinvesting.com/topic/4388062-home-loan-structures/#post-4560574 Wed, 17 Jan 2007 03:55:26 +0000 Gooday wayne,
Thanks for your quick reply.
When it comes to home loans the wife and I are dumb as dog poo.
I had a $56k line of credit attached to the home loan which everything goes into,wages,rent etc.
Deb and myself bought an investment property.
We used $28k of the $56k LOC.
The investment property was $115k plus $5K closing costs.
That $120k…[Read more]

]]> 09663a8a4d44240dd84670ae9c29a422 karlm63 replied to the topic Positive cashflow calculator in the forum No Subject https://www.propertyinvesting.com/topic/4380951-positive-cashflow-calculator-2/#post-4521340 Wed, 29 Jun 2005 10:29:46 +0000 Thanks champ for the information.
I have filled out the form required to score this software ver 2.5.
Thanks again

Just another question i find it hard to understand the jaffasoft one, what does the high five bit in step one mean ??????????

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