https://www.propertyinvesting.com/members/kimandglen/activity/ Activity feed for kimandglen. Mon, 13 Apr 2026 09:37:17 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 1268b64b9bb07a0a72ef464fbfdfccfd https://www.propertyinvesting.com/topic/4401951-offset-account-5/#post-4636651 Sat, 20 Nov 2010 13:59:31 +0000 Yep it is normally that simple, just go open the account and let them know what account to attach it to.Bankwest normally charge for an offset account but saying that it is normally a couple of dollars a month

]]> 6d82e56210f2c5347d1bd79c144eddd9 https://www.propertyinvesting.com/topic/4401935-refinance-for-ip/#post-4636558 Thu, 18 Nov 2010 17:10:47 +0000 Hi Nick,I agree with Marty but the risk your willing to take is up to you. If you are never going to use your current PPOR as an ip, it may be worth paying the 35k in savings you have off your PPOR and then increasing the LOC for your IP purchase. You may then be able to claim the interest on the complete amount?Glen

]]> a3196e3127f76ae82bd2a58d68b75c19 https://www.propertyinvesting.com/topic/4401828-what-renovations-are-worthwhile/#post-4635793 Thu, 11 Nov 2010 14:18:06 +0000 Need to add a WOW factor to the place, preferably something that will appeal to your target market and then for the best outcome have them bid at auction. Normally the kitchen I find the best place to add this but it all depends on the current set up. Your target market shouldn't be too hard to work out, think about what sort of person is best…[Read more]

]]> d9b8e38cf81fdf4cad8d15e039733da2 https://www.propertyinvesting.com/topic/4401825-buying-for-a-son/#post-4635774 Thu, 11 Nov 2010 10:21:30 +0000 Hi Rob and Sue,Depends why the son can't get a loan just yet. Is there a possibility of going guarantor on the loanor doing a family pledge to help your son? That way you wouldn't have to worry to much re CGT and rental income etc. It would affect your servicability if you went to purchase another property but doesn't sound like that is a problem…[Read more]

]]> f7cd54d998a1e28da45cce55869cc228 https://www.propertyinvesting.com/topic/4401844-lmi-question/#post-4635908 Thu, 11 Nov 2010 10:14:03 +0000 Why don't you go to another lender if you are having hassles with Adelaide Bank? Sounds suss if you are going direct through Adelaide Bank and is a full doc loan.

]]> 4e62dcd7281793982261235e543d45ee https://www.propertyinvesting.com/topic/4401783-trust-structure-seeking-for-your-advices-and-experinces/#post-4635566 Mon, 08 Nov 2010 15:55:11 +0000 Did your friends buy with someone else or by themselves. To get the FHOG at least one applicant has to be an Australian Citizen or a permenant resident.When you go to purchase are you a co-applicant? If so, if the other applicant is a citizen or has PR then you may be able to get the FHOG depending on othjer criteria.Glen

]]> 1cb2e845b015eaaaa886acbb3aa3abff https://www.propertyinvesting.com/topic/4401439-cash-flow-positive-properties-wa/#post-4633698 Fri, 08 Oct 2010 15:50:56 +0000 Most of the mining towns are positive however think its a little late for the capital gains on those areas.Huntingdale seems close to being positive / neutral and there are probably a few other areas if you have a good look aroundGlen

]]> 88a16a4b9e8afd761ad3750b6b37454c https://www.propertyinvesting.com/topic/4401407-perth-south-of-the-river-rent-to-buy/#post-4633494 Fri, 08 Oct 2010 04:50:44 +0000 Have you looked into Keystart? Their rates are higher now than what they were 12 months ago but as long as you don't own any other property, their criteria and deposit required is different to your normal lender. Also, no LMI as it is run by the state government.Heard they have changed a little in the last couple of months but have a look and see…[Read more]

]]> f3d46dd8a6577e5c468ca91dffdf353d https://www.propertyinvesting.com/topic/4401418-any-better-products-out-there/#post-4633540 Wed, 06 Oct 2010 17:04:23 +0000 Think you will find that Choicelend is actually a little higher than the 6.55% your broker has told you during the construction phase. Just something else you probably need to take note of.

]]> bc5da43d8cb6dcdb049e85899658f662 https://www.propertyinvesting.com/topic/4401377-buying-my-1st-property-does-it-make-sense-to-invest-in-a-holiday-house/#post-4633310 Wed, 06 Oct 2010 16:54:04 +0000 Hi Dazz,Using it as a holiday home and you living in it is possible but would get a little complex in a few areas. One is GCT, unsure if you can apply the 6 year rule or not. You would have to split everything 2/3 for tax etc and then because of your high income any money you do earn would be hit at your tax return rate, which is high.You could…[Read more]

]]> ab8c09f3e93b281df1995383612f477d https://www.propertyinvesting.com/topic/4401385-buyers-agents-which-one-advice-pls/#post-4633340 Mon, 04 Oct 2010 10:03:14 +0000 Hi Danielrusty,How are you? No idea on the buyers agents but am about to start on the same journey as you in regards to buying, renavating and selling properties in perth. Work FIFO also, 7 on 7 off.Let us know how you go with the renos and finding a property, have a RE friend who does this for herself and is on the lookout for me.glen

]]> 82a05c1c06e528ecbec80ac83543689b https://www.propertyinvesting.com/topic/4401343-new-to-property-investing-8/#post-4632715 Mon, 04 Oct 2010 09:19:47 +0000 Hi Pollynz,Sounds like you have some equity in which you might be able to access but would need to have a closer look. Lots of things to consider but if I am reading your question correctly, you shouldn't pay off your investment loan quickly. In a matter of fact you should get an I/O loan for your investment and worry about your home loan if you…[Read more]

]]> 1a979e481b5d4e206c544b03c6e2f474 https://www.propertyinvesting.com/topic/4399904-is-it-worth-locking-in-your-interest-rates-australia-now/#post-4624332 Sun, 16 May 2010 10:10:13 +0000 You can also fix a certain percentage of your loan, gives you more options if you are going to fix

]]> 7b85e464d7ca1264f3195d93f5f9ac7c https://www.propertyinvesting.com/topic/4399424-first-time-investor-new-house/#post-4621405 Wed, 12 May 2010 10:29:20 +0000 Hi Ernie,Not looking for an investment company or anything however I am curious the costs they have told you? Is it free? Do you have to have a membership with them?Q1, how about yourself? how much does it cost for you?

]]> f20d107d32878a647658a6affaf523a7 https://www.propertyinvesting.com/topic/4399850-finance-on-first-ip/#post-4624008 Tue, 11 May 2010 09:16:27 +0000 Hi Brad,Another factor you might need to look at is the deposit and costs. With stamp duty and the minimum of 5% deposit, you would have to have around the $21k mark to even look at a loan. Noting that with the defaults you mention, you will probably need at least 105 deposit so looking around $22k plus the costs.Glen

]]> 189e3caad7529d32ffc0a42b6b36bcdb https://www.propertyinvesting.com/topic/4399582-new-to-investing-6/#post-4622612 Sun, 25 Apr 2010 03:44:58 +0000 Hi Max,Keep doing the research and you will find the right investment property for you in the right area. I have been looking down kwinana way recently as there seems a few good buys down there.Glen

]]> 8e5ba0bb24b129b9c2cdade3e87e9801 https://www.propertyinvesting.com/topic/4399662-property-investing-with-alot-of-cash-but-little-income/#post-4622986 Sat, 24 Apr 2010 05:39:47 +0000 Hi dotkangaroo,it would all depend on your rental income from your other two houses? Are they still mortgaged as well? Would need a fair bit more information. May very well be possible but depends on any other outgoings you have also

]]> 6279764d66a5da5bdfd84a54d64fcefb https://www.propertyinvesting.com/topic/4399626-decisions-4-scenarios-to-weigh-up-you-can-add-more/#post-4622802 Fri, 23 Apr 2010 21:53:14 +0000 The only straight up +ve geared properties I have been able to find in Perth are the inner city apartments. Lenders have real problems using these as securieties and so maybe isn't the palce to go just yet.Land and construct is starting to become more popular at the moment as the builders prices are pretty good at the moment (well for Perth…[Read more]

]]> a00dae4c0a69340477ea45751b518008 https://www.propertyinvesting.com/topic/4399553-paramount-finance-and-investment-services/#post-4622313 Fri, 16 Apr 2010 11:24:25 +0000 annawhiprobably but to me they will only go with negative gearing propeties initially. Does limit your investment.Spend some time reading this forum and other material and you will have the same idea as these guys. Either way, they shouldn't charge you anything for their services, they should get paid from the lenders and the developers.The more…[Read more]

]]> 57cc80c1fc29c05c22bb2da5d33a70ee https://www.propertyinvesting.com/topic/4397822-10-15-year-fixed-rate-loans-possible/#post-4611508 Mon, 16 Nov 2009 14:55:26 +0000 Hi ClubhondaYes, most of the big banks offer at least 10 years. Think the CBA are the only ones doing 15 years at the moment thou.

]]> 506aa414aed745fe9f028969eb7c97e3 https://www.propertyinvesting.com/topic/4397080-what-my-best-option/#post-4608396 Thu, 27 Aug 2009 05:25:58 +0000 Hi mccrills, if you are in WA there is one lender that you can go through straight away however you would have a limit of $412k.

]]> cf9e5f85e367a26c5effc2b60f3e2a5e https://www.propertyinvesting.com/topic/4397097-what-to-save-for-house-deposit/#post-4608466 Thu, 27 Aug 2009 05:06:09 +0000 Hi cass,What State are you in? For a First Home Buyer, stamp duty varies from state to state so depending on your state depends on how much in fees you will have to pay

]]> 72cfd0762c1c7f2c4d8cd2d8873823dc https://www.propertyinvesting.com/topic/4396545-o-upfront-property-purchasing-and-mortgage-insurance/#post-4605582 Thu, 25 Jun 2009 04:40:50 +0000 Eric,Which state are you in? Reason I ask is that there is one lender left in West Aussie that will lend 98% and allow you to use the FHOG to pay the deposit. You have to live in Wa and purchase in WA and a few other hurdles

]]> 6a50c48b6974fa1905a38479ddaef309 https://www.propertyinvesting.com/topic/4396223-newbie-qns/#post-4603957 Sat, 16 May 2009 08:52:11 +0000 Hi Nit,With Stamp duty for FHBuyers, it is State specific. I know here in the West, you don't pay stamp duty for any purchase under 500k if you qualify for the FHOG. I think best thing to do is use a mortgage broker and they will point you in the right direction as far as stamp duty for your StateKimandGlen

]]> 134c32e1ac6872be92d5a80b6b85ed61 https://www.propertyinvesting.com/topic/4396207-buyer-agent-2/#post-4603833 Thu, 14 May 2009 12:20:35 +0000 Hi Nitrodrops,This will probably sound like a bit of a sell but maybe you should look into refund property. It is a branch of refund homeloans but is geared around 1st time investors and like the rest of their products it doesn't cost you a cent. They act like a buyers agent however they still make their money off the developer you buy from. They…[Read more]

]]> abac0267bbb09f269a144ef8324900c0 https://www.propertyinvesting.com/topic/4396202-solicitor-in-perth/#post-4603809 Wed, 13 May 2009 09:14:54 +0000 Hi Happyjack,Sounds like you need an accountant more than a solicitor? There are accountants in Perth that know how to set your finances up so you gain the best possible deductions etc tax wise etc but doubt will will find a solictor that will be able to do that. You will need both an accountant and a solictor though if you are investing.

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