PropertyInvesting.com | kenzel | Activity https://www.propertyinvesting.com/members/kenzel/activity/ Activity feed for kenzel. Sun, 12 Apr 2026 00:09:20 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 611ea3c9e600bff32f95b6deee10b064 kenzel replied to the topic What's wrong with Cross-Collateralising? Margaret Lomas describes several benefits. in the forum Finance https://www.propertyinvesting.com/topic/4394804-whats-wrong-with-cross-collateralising-margaret-lomas-describes-several-benefits/#post-4595989 Sat, 21 Feb 2009 21:00:42 +0000 Awesome Thread !- very useful information indeed :)

Just one question, if you go to the bank and say you want to take out another loan and only have it secured against the new IP, is there a way to distinguish whether the loan is CC or not? I mean it’s all good in word but if the lender makes a blunder and CC anyway, how would one know?

]]> b41dfbb7560aea4c679a7062b42f4762 kenzel replied to the topic LOC Deposit for New IP Deductable? in the forum Finance https://www.propertyinvesting.com/topic/4394478-loc-deposit-for-new-ip-deductable/#post-4594407 Sat, 25 Oct 2008 20:44:02 +0000 Terryw wrote:
If you borrow money to invest, then it is generally tax deductible. Taking money from a LOC is borrowing money. I would keep the LOC totally separate – no personal use at all if possible. Also look into borrowing from the LOC to pay expenses and keep your cash  available for personal use – put it in your offset on the home loan if…[Read more]

]]> 6d9a9169e6f832bddc1f9935323aa375 kenzel replied to the topic Photos for the Condition Report in the forum General Property https://www.propertyinvesting.com/topic/4394272-photos-for-the-condition-report/#post-4593098 Fri, 19 Sep 2008 21:37:01 +0000 Thanks Guys

So getting signature from tennant on back of photos is more important is more preferred than timestamp?

]]> 559c7870ebb5da18b9d1b2dff68ba7e5 kenzel replied to the topic Buying 2nd IP - how to best utilise deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4393673-buying-2nd-ip-how-to-best-utilise-deposit/#post-4589979 Sat, 02 Aug 2008 00:58:21 +0000 Hi All,Just an update – Just spoke to my Banker and apparently to restructure an existing loan from PPOR to IP you will liable to another round Stamp Duty!Also the stamp duty is not tax deductable even if you're paying that through borrowingsCheers

]]> c898bbe91e57a4c08216ac49391b1f18 kenzel replied to the topic Melbourne - Need Good Property Accountant in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4390601-melbourne-need-good-property-accountant/#post-4572916 Sat, 02 Aug 2008 00:52:47 +0000 Does Nancy Keep work on weekends and is an appointment required?

]]> 04e98651208445dacfb83e3a87182cde kenzel replied to the topic Melbourne - Need Good Property Accountant in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4390601-melbourne-need-good-property-accountant/#post-4572915 Sat, 02 Aug 2008 00:52:04 +0000 Why are all the highly regarded property investor type accountants all in kew?* rolls up sleeve * well if thats what it takes that's what it takes – * taking car to petrol station to fuel up *

]]> ad27f676ac4c8e2889aefd165dbbcbe7 kenzel replied to the topic Buying 2nd IP - how to best utilise deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4393673-buying-2nd-ip-how-to-best-utilise-deposit/#post-4589977 Sun, 06 Jul 2008 07:14:29 +0000 First off, thanks to all who answered I really appreciate it :)Say I'm in the following situation with a PI loan:Loan balance:  80KEquity:              20K (i.e. built up via PI loan only – ignoring cap. growth)Offset:              10K2 months down the track I decide to turn this into an IP by switching to an IO loan (as from what I understand thi…[Read more]

]]> 72c9378a4ff303d00899b3d38519f2a7 kenzel 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-4586671 Sun, 06 Jul 2008 00:50:03 +0000 "however you are unable to refinance and redraw the funds or take out any advance payments and still get the same deduction."Richard – is this because the extra payments made were into a PPOR? What happens when the PPOR is turned into an IP with extra payments continuing and 6 months down the track you decide to refinance, is the extra payment…[Read more]

]]> 454601a9ceee5bd292c1df37799c116e kenzel replied to the topic Melbourne - Need Good Property Accountant in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4390601-melbourne-need-good-property-accountant/#post-4572912 Sat, 05 Jul 2008 22:33:49 +0000 "Anyone know of a good accountant on the west side of Melbourne ?"Ditto. If anyone has recommendations for a reliable property accountant on the west side please post :)

]]> 344f6b0f9bdc4e2ae0186631d11c46ba kenzel 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-4586669 Fri, 04 Jul 2008 01:17:53 +0000 " What happens if 5 years down the track when you have paid off 100K of principal or so on your PPOR you decide to buy another PPOR and rent this one out. You need 100% + costs of the new purchase price but are shocked to realise that only the existing balance is deductible on your current home loan and that the new PPOR will have 106% borrowing…[Read more]

]]> e6c20bb81e236812944d6bd2e1a272d8 kenzel replied to the topic Release Equit on PPOR turn IP? in the forum General Property https://www.propertyinvesting.com/topic/4393643-release-equit-on-ppor-turn-ip/#post-4589789 Thu, 03 Jul 2008 02:59:09 +0000 Event Horizon – pls consider the following exampleTotal House Value – $300KTotal Loan Remaining – $170KTotal Equity – $120KIf I were to borrow against the full equity amount (i.e. 120K) will the new figures be -Total House Value – $300KTotal Loan Remaining – $300KTotal Equity – $0KSorry should've explained with an example at the startThanks

]]> 91a0a65b68edbf69e355b4f4c641395a kenzel replied to the topic Body Corp. Insurance and Townhouse in the forum Help Needed! https://www.propertyinvesting.com/topic/4391695-body-corp-insurance-and-townhouse/#post-4578835 Thu, 20 Dec 2007 03:17:32 +0000 Thanks Hienug!It looks like landlord insurance is a must. Any you recommend?Had a look at ING and it looks quite promising – even covers theft of content and  legal cost against the tennantKenzel

]]> 636a798b504cbf458d6635596135fc61 kenzel replied to the topic About to move to new House - when to get connected to electricity, gas and water? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391162-about-to-move-to-new-house-when-to-get-connected-to-electricity-gas-and-water/#post-4575895 Thu, 18 Oct 2007 04:21:56 +0000 Hi All,I really appreciate all the reponses. I've already called to get Gas and Electric connected on Settlement and was about to do the same for water until I saw dictem's response – thanks alot :) How silly would I have been!Cheers,Ken

]]> 016c31775d52af37c59b1594ff5a7655 kenzel replied to the topic What are the costs on the landloard's side when property is rented out in the forum General Property https://www.propertyinvesting.com/topic/4391025-what-are-the-costs-on-the-landloards-side-when-property-is-rented-out/#post-4575301 Fri, 05 Oct 2007 06:55:53 +0000 Thanks for all the responsesSince posting the question I've visited Land Vic's website and found that it's the tenant's responsibility to decide what utilities they want connected and pay for any bills associated. This is applicable toVictoria and for anyone who's interested you can find more info…[Read more]

]]> 8a25abd062687faec6dd13a8d076b1ab kenzel replied to the topic Advice for a first timer on whether this will be a good investment in the forum Help Needed! https://www.propertyinvesting.com/topic/4390663-advice-for-a-first-timer-on-whether-this-will-be-a-good-investment/#post-4573306 Mon, 03 Sep 2007 10:39:39 +0000 G'day All,First of all thanks for all you replies :)Young Investor – I'm just starting out also and the way I calculate the percentage of my salary that goes into investing is (for -ve geared investment as in my case):[ (Total Annual Expenses/12) – (Total Monthly Rent Income) ] * 100 / (Total Monthly Wage)This may not be the correct way of…[Read more]

]]> 880b20549dcccf92de25c1757957fa9e kenzel replied to the topic Solicitor conveyancer, pest inspectors and builing inspectors in VIC in the forum General Property https://www.propertyinvesting.com/topic/4390620-solicitor-conveyancer-pest-inspectors-and-builing-inspectors-in-vic/#post-4573011 Wed, 29 Aug 2007 11:48:47 +0000 ..and oh yeah something I forgot to include.What is meant by easements and inspection professional indemnity?Thanks in Advance

]]> dfc3406e283f4273314e1e91cffea52f kenzel replied to the topic How to start in the forum Help Needed! https://www.propertyinvesting.com/topic/4390513-how-to-start-2/#post-4572428 Sun, 19 Aug 2007 00:45:53 +0000 Hi All,Nina – I really hope things turn out better for you in the not too distant future.L.A. Aussie – You mentioned:"Read all the Margaret Lomas books, Noel Whittaker, Jan Somers, Peter Spann, Steve McNight's (later) books for nuts and bolts." – Are you able to recommend any specific titles from these Authors? I'm looking to by my PPOR in 1…[Read more]

]]> ad9fbaae92cda6afa32924d5f6b09499 kenzel replied to the topic Switching from PPOR to PI and claim back on interest? in the forum Finance https://www.propertyinvesting.com/topic/4390351-switching-from-ppor-to-pi-and-claim-back-on-interest/#post-4571502 Sat, 04 Aug 2007 11:00:28 +0000 Good advice Simon. Well I have no financial goal at the moment as such but rather a goal to own my first property and not a mortgage. I do agree about buying a house sooner rather than later though because they tend to appreciate that's why I plan to rent my PPOR out after living in it for 1 year (FHOG) and use that income as well as the…[Read more]

]]> c8801a7e118b6cf1facbdd73e5dc5b08 kenzel replied to the topic Switching from PPOR to PI and claim back on interest? in the forum Thanks Guys Opportunity...- https://www.propertyinvesting.com/topic/4390351-switching-from-ppor-to-pi-and-claim-back-on-interest/#post-4571500 Sat, 04 Aug 2007 04:19:47 +0000 Thanks GuysOpportunity…- I think you're right about only being able to claim back interest that you paid only if the proprty is rented out (income producing). Either way I'm leaning towards a PI loan so that I'll own a property outright in a shorter period and once I have that I'll use the equity and IO loan for purchase of a IP. How does that…[Read more]

]]> 881ddd12ec98b5a55770cd870642a666 kenzel replied to the topic What's your criteria? in the forum General Property https://www.propertyinvesting.com/topic/4390315-whats-your-criteria/#post-4571231 Sat, 28 Jul 2007 23:01:36 +0000 Must be built after 1987 (preferrably 5-15 years old), to maximise Tax Returns and cashflow from "on-paper" deductions.Thanks LA Aussie! I did some research and just found that you can actually claim Building Allowance of 2.5% of the construction cost – I never knew that! This property investing jazz is really sucking me in :)One question though,…[Read more]

]]> 05193bf911a602493446bd5904fefc1c kenzel replied to the topic Advice for FIrst Home Buyer in Vic in the forum General Property https://www.propertyinvesting.com/topic/4390318-advice-for-first-home-buyer-in-vic/#post-4571266 Sat, 28 Jul 2007 06:46:43 +0000 Thanks for all your responsesLucy – Good to hear someone in a similar situation taking the dip and now I'm slight more confident in taking the plunge. When did you buy your first property and how much did it cost you?LA Aussie – I have no idea what Capital Gains Tax is as yet but I'm sure I'll will find out about all that jazz when I'm in a p…[Read more]

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