PropertyInvesting.com | Kipper57 | Activity

Kipper57 replied to the topic your opinion please i cant make up my mind in the forum General Property

Mon, 18 Feb 2013 13:56:41 +0000

I agree with discussing it with Town Planner to save getting into trouble down the track

Kipper57 replied to the topic has anyone ever used removable homes?? in the forum Creative Investing

Mon, 18 Feb 2013 13:43:19 +0000

Yes the moving and then the damage whilst being moved etc etc, one would have to wonder if a Kit home would be easier and cheaper, plus it would be new

Kipper57 replied to the topic Advise on OTP/newly developed apartments - is it a good investment? in the forum I guess it would depend on

Fri, 11 Feb 2011 13:56:43 +0000

I guess it would depend on what your trying to achieve, new apartments have plenty of depreciation to claim

Kipper57 replied to the topic North Lakes QLD- What do you think? in the forum Help Needed!

Fri, 11 Feb 2011 13:52:18 +0000

As an investment might be better to spread the risk? or are you looking to buy and flip at some point?

Kipper57 replied to the topic BEWARE - Inexperienced buyers agents and Cashflow Hype USA in the forum Overseas Deals

Wed, 15 Sep 2010 06:23:01 +0000

Thanks for the warning yes has been tempting however if there is a double dip like many expecting, could well be stung

Kipper57 replied to the topic What's the area that you think is good for investment. in the forum Overseas Deals

Wed, 15 Sep 2010 04:37:13 +0000

James QLD especially the G.C has a bit of a history of boom and bust, with the slowing Aust economy the GC maybe a bit risky. From my understanding they tend to over supply and then everyone gets caught out. Happened to a friend of mine about 10yrs ago before the property market boom. Of course as it turned out if they had just sat tight th…[Read more]

Kipper57 replied to the topic Brisbane- Reno of 2 Bathrooms in the forum Cam Brown Kitchens have

Thu, 18 Feb 2010 08:30:35 +0000

Cam Brown Kitchens have tiles ovens you name it very cheap and mostly from China but worth your time to check outhttp://www.cambrownauctions.com.au/camfast.html

Kipper57 replied to the topic Can non-Australian buy a property in Australia? in the forum Overseas Deals

Thu, 18 Feb 2010 08:20:47 +0000

I would think the U.S. still remains a little risky, I was thinking Brazil would not be a bad idea however not that familiar with their marketThe positives are, in the next few years they have the World Cup Soccer, and the Olympics year 2012 I think. Their currency is quite weak now but has been much stronger than the Aust dollar in the past. On…[Read more]

Kipper57 replied to the topic New Zealand Deals Everywhere in the forum Are you going over their

Thu, 18 Feb 2010 08:12:06 +0000

Are you going over their Ian? I guess you have researched the infrastructure etc

Kipper57 replied to the topic 300 000 in the bank.. what to do? in the forum Help Needed!

Thu, 04 Feb 2010 22:03:48 +0000

I am not licensed to give advice, thus this is not advice however putting it in an account with reasonable interest would be what I would do for the time being. I see the property market as over cooked, you will find this worth a read. I would say by the end of this year you may see a clearer pi…[Read more]

Kipper57 replied to the topic Aussie off to buy US property - anyone want to join me?? in the forum I was reading this forum the

Sun, 24 Jan 2010 01:31:57 +0000

I was reading this forum the other night and was quite inspired for a little bit however this discussion put a bit of a wet blanket on any of the ideas for a whilehttp://www.cbsnews.com/video/watch/?id=4668112n&tag=contentMain;contentBody

Kipper57 replied to the topic I own my PPOR outright, will I be required to pay mortgage insurance on IP if borrowing 106%? in the forum Finance

Tue, 12 Feb 2008 01:55:18 +0000

Yes as Richard has said the loan structure is the key in making the savings with lenders mortgage insurance.

Kipper57 replied to the topic Too late to fix? in the forum Help Needed!

Tue, 12 Feb 2008 01:44:50 +0000

I do not think anyone would be game to give advise as to whether to fix or sit it out at the moment, as a broker we receive regular information, with so many conflicts on rates. As mentioned above split loans may be an option; and considering your limits if rates do continue their upward spiral.

Kipper57 replied to the topic Creative Finance Solution? in the forum Creative Investing

Mon, 19 Nov 2007 22:17:09 +0000

Hi Robyna youve done well, without knowing your full income and expenditures it would be hard to know, you ceratainly have ample equity so that would be no drama. Feel free to contact me through our web site for a full assessment or one of the other brokers on the site.

Kipper57 replied to the topic Struggling to find lender in the forum If the defaults were not of

Mon, 19 Nov 2007 22:06:44 +0000

If the defaults were not of your own causing you may be able to have them removed there are a few Solicitor firms that specialise in this, however it does not come cheap

Kipper57 replied to the topic Where do you find good info on suburbs in the forum General Property

Sat, 13 Oct 2007 18:35:40 +0000

http://www.brisbane.qld.gov.au/BCC:BASE::pc=PC_1803other council sites and google searches for starters

Kipper57 replied to the topic First IP but low income to buy more in the forum Help Needed!

Sat, 13 Oct 2007 18:26:01 +0000

Hi Bob a mortgage of $115k should be positively geared, in other words the rent comming in should be covering the mortgage. Do you have the loan at interest only? sounds like you may need the loan restructured this would possible free up more money for the next

Kipper57 replied to the topic Options on refinancing.. Need opinions! in the forum Help Needed!

Sun, 07 Oct 2007 23:23:33 +0000

I do not like to be the carrier of bad news however a low doc at a 90-95% lend with two mortgage arrears since November and in business since January 07 is just going to be a no go. The Mortgage Brokers that you have spoken to I am sure would want to help you however it would not be able to.

Kipper57 replied to the topic Cash Flow Loan in the forum Finance

Tue, 02 Oct 2007 23:56:23 +0000

Very risky if property values do not continue up your loan will increase and maybe worth more than the value of the property, this can be devastating if for some reason you need to sell e.g. loss of job / marriage breakdown / disability etc.

Kipper57 replied to the topic 2nd Property in the forum Help Needed!

Tue, 02 Oct 2007 23:38:47 +0000

The income is that 100k each or combined?

Kipper57 replied to the topic Propertyinvesting.com products....where to start? in the forum Help Needed!

Tue, 02 Oct 2007 23:34:47 +0000

Hi Bronte have you thought of visiting the local library or two you may find some good books there that will not cost you

Kipper57 replied to the topic buying backyards in the forum Creative Investing

Wed, 05 Sep 2007 12:35:46 +0000

Who would get stuck with paying for the subdivision as i am sure they are not going to agree having your house on their title

Kipper57 replied to the topic Deposit for Exchange of contracts in the forum You may be able to get the

Wed, 05 Sep 2007 12:31:58 +0000

You may be able to get the seller to accept a Deposit Guarantee for a small outlay then you do not have to come up with the cash. Eg for 10k deposit it would cost around the $120 for upto six months guarantee

Kipper57 replied to the topic Choosing finance company- Fixed rate at 7.33% in the forum Finance

Tue, 04 Sep 2007 12:37:39 +0000

Be aware sometimes the rates maybe cheaper but there can be other hidden fees i am not familiar with those lenders you mentioned so not commenting on them in particluar. Further the rate is often not the most important feature to a loan, sometimes can save more by having the correct structure. Eg if they have an offset account attached which t…[Read more]

Kipper57 replied to the topic Loan Declined - What do people do? in the forum Finance

Tue, 04 Sep 2007 12:32:12 +0000

Hi Nigel348That is where a broker can come in handy, just because one lender knocks you back it does not necessarily mean the others will. Providing the full circumstances a broker may know which lender may take it on. I would be happy to help or any of the other brokers here feel free to contact us

Kipper57 replied to the topic Property Investment Groups??????? in the forum General Property

Tue, 04 Sep 2007 12:26:14 +0000

It sounds a bit like the investors club, there are quite a few posts in here on them. If you do your own due diligence you will save but if you cant be bothered then i guess you pay for it

Kipper57 replied to the topic I need help to get off to a good start!! in the forum Help Needed!

Tue, 04 Sep 2007 12:21:36 +0000

Hi Cameron yes you could have done a split on the Owner occupied (thus keeping the finances seperate for accounting purposes) and raised the deposit by way of increase to save on the mortgage insurance.

Kipper57 replied to the topic turning PPoR into IP in the forum Help Needed!

Tue, 04 Sep 2007 12:13:37 +0000

Yes as long as what has been drawn down has not been for personal use, living expenses i would say would come into that teritory, you can always ring the tax office and make an anonymous call or speak with an accountant to be certain

Kipper57 replied to the topic revoking finance? in the forum Finance

Fri, 31 Aug 2007 12:16:56 +0000

Success regardless

Kipper57 replied to the topic Capitalising Interest ? in the forum Finance

Fri, 31 Aug 2007 12:12:01 +0000

I would think Terry's idea would only work if you had the equity to borrow more than the probperty being purchased is worth however you have stated you are already negatively geared to the "eye balls" which may suggest there is not much equity available either??

Kipper57 replied to the topic Help Lenders Mortgage Insurance in the forum Help Needed!

Fri, 31 Aug 2007 12:00:30 +0000

I am surprised your M.B. did not at least provide you with an estimate prior to the application but agree with Richard re the Rams LMI

Kipper57 replied to the topic 100% offset for investment in the forum Finance

Tue, 21 Aug 2007 22:16:44 +0000

I agree with Simon, if you have a loan on an owner occupied then this is the loan you should have the offset on but if you do not then you have it correct

Kipper57 replied to the topic First Home Buyers Grant in the forum I have included the state

Tue, 21 Aug 2007 22:11:08 +0000

I have included the state revenue for each state on this site, for any further info of the home owners grant it is easily found there. http://www.alphamortgagesolutions.com.au/Tools.htm

Kipper57 replied to the topic Margaret Lomas / Destiny Solutions in the forum Finance

Mon, 09 Jul 2007 23:14:12 +0000

I agree with Richard Cross collateralising can be ok for 1 or 2 properties however if you want to grow your portfolio at some stage you will need to bring in other lenders and this can be an expensive exercise if the have been crossed. Keeping them as individual properties from the start is the better way.

Kipper57 replied to the topic Vendor needs to sell - what do I do? in the forum There are very few

Mon, 09 Jul 2007 23:02:01 +0000

There are very few properties that are cash flow positive unless in a mining town it would pay to do your home work and see what comparitive properties have sold for in the area, as although it may not be cash flow positive it may still be a good buy. Then you would have to work out whether you are prepared to foot the difference, it would…[Read more]

Kipper57 replied to the topic ATTENTION ALL INVESTOR - NEED YOUR HELP, NO MATTER HOW BIG or small in the forum Why not speak to some of the

Fri, 06 Jul 2007 22:41:42 +0000

Why not speak to some of the property manager in the area they should be able to give you an idea of rental prospects, contact the local council for information of incomming infrastructure etc, there are some useful sites on our useful sites page see below

Kipper57 replied to the topic Thoughts on this deal in the forum It seems as though you have

Fri, 06 Jul 2007 22:34:34 +0000

It seems as though you have already done the sums, no one can say if interest rates will go up or not so if you were concerned you could fix or do a split part fixed part variable. Further to know if the rent would is stable it may pay to a property manager in the area

Kipper57 replied to the topic marginal lending loan advice in the forum I suggest you speak with

Sun, 01 Jul 2007 06:41:48 +0000

I suggest you speak with your accountant however I would assume your marginal loan is tax effective where as your PPR loan is not. If this be the case it should not be too hard to work out

Kipper57 replied to the topic valuation too low! loan not approved - options? in the forum Help Needed!

Thu, 28 Jun 2007 04:02:40 +0000

A recent valuation shortfall recently won one of my customers a better deal by 15k as we organised another valuation that came in short too. The client was then able to negotiate with a strong argument with the seller that it was over priced and won. Another time the place was extremely undervalued and as we chose again to organise and i…[Read more]

Kipper57 replied to the topic Stamp Duty for Land in the forum Help Needed!

Wed, 20 Jun 2007 11:09:33 +0000

Hi; 95% LVR is the general rule for land however if it is regional this may be reduced somewhat depending on the post code. On land stamp duty is charged at a higher rate as is charged as investment as you cannot live on a block of land, when you build the building will be as owner occupied and stamp duty charged accordingly, providing you…[Read more]

Kipper57 replied to the topic Needing non-conforming mortgage in the forum Finance

Sun, 17 Jun 2007 01:01:40 +0000

Hi Lazza by paying the defaults in about 6mths you would be more appealing to lenders however as the defaults are over 2yrs old one of our non conforming lenders would take it on.

Kipper57 replied to the topic Needing non-conforming mortgage in the forum Hi Lazza would need a lot

Sat, 16 Jun 2007 06:41:01 +0000

Hi Lazza would need a lot more detail on the defaults eg how old they are whether paid or unpaid etc rather than hang the washing on the line feel free to contact me or you can post here if you choose.

Kipper57 replied to the topic HANS JAKOBI - ANYONE USED HIS STRATEGIES??? in the forum Heads Up!

Sat, 16 Jun 2007 06:33:43 +0000

If you are going to be a serious investor then 4k is not a lot to spend I have no idea how long his course is but I assume it is fairly indepth. Any training whether it be through a Tafe, University or whatever does not come cheap if it has the worth while material. If Steve charged $700 for one day how many days is the Hans Course? Good in…[Read more]

Kipper57 replied to the topic Help me understand credit ratings and suitability in the forum Help Needed!

Sat, 16 Jun 2007 05:46:10 +0000

You can either display your income, deposit etc here or contact me and I will help you determine how much you can borrow

Kipper57 replied to the topic Advice needed regarding 2nd mortgage? in the forum Hi Jazz , the equity in

Sun, 10 Jun 2007 23:09:26 +0000

Hi Jazz , the equity in Townsville should be accessable however the increased mortgage on that property not be tax effective as was raised for personal use, it would be worth your while speaking to your accountant on this. Structuring your new loan for futuer purposes is quite important we are based in Brisbane if you would like some help

Kipper57 replied to the topic Financing to increase my property portfolio in the forum Finance

Sun, 10 Jun 2007 22:13:35 +0000

You are looking for a loan that would incur low DEF defered establishment fees

Kipper57 replied to the topic First home buyer in the forum Help Needed!

Fri, 08 Jun 2007 03:52:50 +0000

Hi Helen without more information it is hard to tell however from what I read we have a lender that may accept your husbands position as a Payg rather than going the Low Doc way. Let me know if you would like to discuss this option further via email as not always here on this site

Kipper57 replied to the topic need advice... in the forum Help Needed!

Fri, 08 Jun 2007 03:45:58 +0000

That should keep you busy for a while happy reading!

Kipper57 replied to the topic Finance clauses when buying property off the plan in the forum Help Needed!

Fri, 08 Jun 2007 03:11:43 +0000

An alternative would be to arrange a Deposit Guarantee which would have a fee, however would save you having your own funds locked away for such a period. Conditions apply such as you would need to have equity in another property, this is more for your protection as if your situation changes down the track you will still have to come up with the…[Read more]

Kipper57 replied to the topic Advise needed re in equity in offset account in the forum Help Needed!

Sat, 02 Jun 2007 20:43:32 +0000

As you seem to be aware structuring the loan is an important matter, and to have maximum effectiveness of the investment property it does need to be of borrowed funds rather than your savings. Why do you not contact one of us online brokers in here most of us have a free service and you will probably find a better deal than you have to boot. J…[Read more]