PropertyInvesting.com | KRH83 | Activity https://www.propertyinvesting.com/members/krh83/activity/ Activity feed for KRH83. Sun, 12 Apr 2026 20:40:39 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 7e30fe79093336d63548cfb7b7e73118 KRH83 replied to the topic Are we ready for IP#3??? in the forum Finance https://www.propertyinvesting.com/topic/4407221-are-we-ready-for-ip3/#post-4674373 Thu, 26 Jul 2012 01:43:37 +0000 Yeh richard, we lived there for a little while 6 years ago so hopefully we know the area well enough to avoid the undesirable parts!

We were most likely going to use a buyers agent since we will be long distance buyer – can anyone recommend a reputable BA in Brisbane?

Thanks,
K

]]> 129fa918292c46c3d9b890472e6bc40c KRH83 replied to the topic Are we ready for IP#3??? in the forum Finance https://www.propertyinvesting.com/topic/4407221-are-we-ready-for-ip3/#post-4674370 Tue, 24 Jul 2012 11:58:56 +0000 Hi richard, we’re thinking of around the Keperra/everton park area which is quite affordable- my parents are in Mitchelton. Just a quick look on realestate.com there are quite a few suitable properties.
What details in particular would help to make a more accurate assessment?

K

]]> cdbd00897dc53fb00564f427927fe837 KRH83 replied to the topic Are we ready for IP#3??? in the forum Finance https://www.propertyinvesting.com/topic/4407221-are-we-ready-for-ip3/#post-4674369 Tue, 24 Jul 2012 11:52:09 +0000 thanks for your input guys! Its given me the drive to contact the mortgage broker tomorrow!

Our borrowing capacity was calculated to be appx $480K on just an online bank calculator so i’d need to confirm this with the broker. The previous purchases have given me confidence that we can manage high LVRs particularly with secure jobs and i’m…[Read more]

]]> a325ff1c13ebc4e7eb18529264121e79 KRH83 replied to the topic Unable to capitalise LMI on LOC in the forum Hi Richard, i just realised https://www.propertyinvesting.com/topic/4398588-unable-to-capitalise-lmi-on-loc/#post-4616079 Wed, 03 Feb 2010 09:55:20 +0000 Hi Richard, i just realised that i had my figures wrong and the property was actually valued at $350,000 (damn those overly conservative valuations!!) and the LOC was to be increased to 90% LVR. I guess this is what makes the LMI un-capitalisable??So I'm now thinking of putting less of my own cash down on the second mortagage and just pay the…[Read more]

]]> afe7345b9c7281516fd20ccca263bba6 KRH83 replied to the topic Unable to capitalise LMI on LOC in the forum Finance https://www.propertyinvesting.com/topic/4398588-unable-to-capitalise-lmi-on-loc/#post-4616078 Tue, 02 Feb 2010 04:44:31 +0000 Thanks Richard, I'll look into it further. So should i try and avoid the other option she's suggesting with the existing loan?

]]> 6699a578dc5bff632711d33c4dc5f64b KRH83 replied to the topic Unable to capitalise LMI on LOC in the forum Finance https://www.propertyinvesting.com/topic/4398588-unable-to-capitalise-lmi-on-loc/#post-4616076 Tue, 02 Feb 2010 04:16:45 +0000 Just spoke to the Mortgage broker and she said that its common for them not to allow this with LOCs -we are with newcastle permanent. Should we go ahead and increase the existing loan? she assures me that they will still be kept separate and that only if i didnt increase the loan, that it would be cross collateralised…. I'm so confused!

]]> 793fa9ababe632f51178c9a136c09f8d KRH83 replied to the topic Property address confusion in the forum Finance https://www.propertyinvesting.com/topic/4397855-property-address-confusion/#post-4611598 Sat, 21 Nov 2009 22:04:22 +0000 Hi L.A, The loan is a full doc loan and we are looking at increasing the loan to 90% LVR. Do you think we should try another lender?

]]> 7cd90715761463fc2efbfe2cf11dc484 KRH83 replied to the topic Property address confusion in the forum Finance https://www.propertyinvesting.com/topic/4397855-property-address-confusion/#post-4611595 Fri, 20 Nov 2009 21:25:32 +0000 Thanks Sue, would the conveyancer that carried out the settlement be able to help me out with that or would it have to be a solicitor? Mattnz, the issue is actually the documented address because the insurer didn't accept comparible sales figures for a unit in the same position as mine on the main road (one level above our unit) because they were…[Read more]

]]> 1bf79a389572a3a03174c24301144b78 KRH83 replied to the topic Property address confusion in the forum Finance https://www.propertyinvesting.com/topic/4397855-property-address-confusion/#post-4611592 Thu, 19 Nov 2009 10:54:58 +0000 Thanks a lot for that link scott no mates! That will be a great help.Cheers, KRH

]]> 4bec92daec14ae84d8838983990f71b4 KRH83 replied to the topic Townhouse or Unit?? in the forum General Property https://www.propertyinvesting.com/topic/4397464-townhouse-or-unit/#post-4610055 Fri, 09 Oct 2009 08:25:00 +0000 Hi Natalie, yeah i think i'd definitely need to go for one with a car space. Thanks for your input, it all helps get everything into perspective! I'm just worried about the high strata fees for these apartments but i guess if the rental income is high enough, it will cover the strata fees and hopefully still present good cashflow.

]]> 518e1c4b4a905312c0800780474fa8a3 KRH83 replied to the topic PARRAMATTA, SYDNEY UNIT MARKET in the forum General Property https://www.propertyinvesting.com/topic/4396896-parramatta-sydney-unit-market/#post-4607208 Thu, 08 Oct 2009 04:50:34 +0000 I finally went for a drive around the parramatta area today – i was quite surprised actually! Only stumbled upon a few dodgy streets but there were some nice wide tree lined streets. Leaning towards buying a house or townhouse though – seems to be a lot of units so not much scarcity –  Any opinions?

]]> 02a0f067244604e85db7598c68626209 KRH83 replied to the topic PARRAMATTA, SYDNEY UNIT MARKET in the forum General Property https://www.propertyinvesting.com/topic/4396896-parramatta-sydney-unit-market/#post-4607207 Tue, 06 Oct 2009 08:42:32 +0000 I have never been to Parramatta but i'm starting to seriously look into purchasing a property there – purely based on the figures and future potential. Does anyone know which are the better streets/areas and which ones to steer clear off?? What is the crime rate like around these suburbs these days?Cheers, K 

]]> 76946d872dbdfaaef2957156923e6edd KRH83 replied to the topic Need help - property investment and mortgage insurance in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4397333-need-help-property-investment-and-mortgage-insurance/#post-4609403 Thu, 24 Sep 2009 05:44:48 +0000 Hi Vinod, i'm not an expert but when i saw my accountant about purchasing my second IP, he informed me that the LMI can attract a tax benefit but over a certain time period. i think he called it annualised?? i haven't got all the terms down yet!

]]> 189d276771489149aff11a8ec1b2ee9e KRH83 replied to the topic Buyers agent in Brisbane in the forum Help Needed! https://www.propertyinvesting.com/topic/4396629-buyers-agent-in-brisbane/#post-4605996 Thu, 17 Sep 2009 06:26:11 +0000 How did you go with the buyer's agent Mark? I'm looking at using Liz at the Hot Property Specialists, as recommended by another forum member. I haven't registered with them yet but i have been happy so far with Liz's prompt replies to my frequent pesky property enquiries!

]]> a65e7b3ee0c100cdc0729554ea98a7c7 KRH83 replied to the topic Brisbane - Young Family - Mitchelton or Chappel Hill? in the forum Help Needed! https://www.propertyinvesting.com/topic/4396889-brisbane-young-family-mitchelton-or-chappel-hill/#post-4607173 Wed, 16 Sep 2009 11:27:02 +0000 I lived in Mitchelton with my parents for a few years while at uni. Not much of a 'village' vibe yet but it definetly has potential. close to train lline and brookside shopping centre, blackwood st is the main cafe strip (only 1-2 cafes though). a lot of land is being released on the west side at the base of the hill – my parents have just sold…[Read more]

]]> 6792dd883f69825336481b12782fc1ef KRH83 replied to the topic Brisbane investment - is now a good time? in the forum Hi Richard, just wondering https://www.propertyinvesting.com/topic/4397240-brisbane-investment-is-now-a-good-time/#post-4609043 Wed, 16 Sep 2009 11:05:10 +0000 Hi Richard, just wondering were they units you purchased in Bowen hills and Albion?

]]> 3c2edeedba38a9d751bccf320d4e68c4 KRH83 replied to the topic Brisbane investment - is now a good time? in the forum Help Needed! https://www.propertyinvesting.com/topic/4397240-brisbane-investment-is-now-a-good-time/#post-4609041 Wed, 16 Sep 2009 10:03:52 +0000 I was thinking along those lines too for our next IP- anyone have suggestions on the up and coming suburbs and for potential +CF?Kyla

]]> 12ee55c1a815e9482ee521b79cb18390 KRH83 replied to the topic "close to transport" in the forum General Property https://www.propertyinvesting.com/topic/4397213-close-to-transport/#post-4608914 Mon, 14 Sep 2009 02:30:48 +0000 Thought so, thanks guys!

]]> eec105b75573b9ab0993aeffbc42b4fa KRH83 replied to the topic Pay LMI or create LOC for deposit on 2nd IP?? in the forum Finance https://www.propertyinvesting.com/topic/4397057-pay-lmi-or-create-loc-for-deposit-on-2nd-ip/#post-4608254 Sun, 30 Aug 2009 11:09:53 +0000 ok i understand. Yet another pearl of wisdom! cheers!

]]> 2d49401e6df31c12be44536b369f04d6 KRH83 replied to the topic Pay LMI or create LOC for deposit on 2nd IP?? in the forum Finance https://www.propertyinvesting.com/topic/4397057-pay-lmi-or-create-loc-for-deposit-on-2nd-ip/#post-4608252 Sun, 30 Aug 2009 05:13:17 +0000 Ok so because you didnt use a separate LOC to buy the shares which were then shifted to super, the whole LOC amount (400K) was classified as a private (non deductible) debt?? That sucks!

]]> ded7710554946df967e907d7bcc6c1b1 KRH83 replied to the topic Pay LMI or create LOC for deposit on 2nd IP?? in the forum Finance https://www.propertyinvesting.com/topic/4397057-pay-lmi-or-create-loc-for-deposit-on-2nd-ip/#post-4608250 Sat, 29 Aug 2009 08:06:24 +0000 scrap that last comment – i just realised i'd be paying non-deductible interest on $40K either way! 

]]> 325a20a9e0fcc7ef6d5a86e3c8329c57 KRH83 replied to the topic Pay LMI or create LOC for deposit on 2nd IP?? in the forum Finance https://www.propertyinvesting.com/topic/4397057-pay-lmi-or-create-loc-for-deposit-on-2nd-ip/#post-4608249 Sat, 29 Aug 2009 07:59:41 +0000 I was also just doing some further calcs was thinking…even though we will pay $2000 more LMI if we keep the first loan at 80% LVR and have the second at 90%, when or if we eventually move into the 2nd IP and make it our PPOR, the interest on the LOC we used for the deposit is no longer tax deductible and therefore we would be only paying…[Read more]

]]> c8ac65d92eb30f04679196be7f01b96e KRH83 replied to the topic Pay LMI or create LOC for deposit on 2nd IP?? in the forum Finance https://www.propertyinvesting.com/topic/4397057-pay-lmi-or-create-loc-for-deposit-on-2nd-ip/#post-4608248 Sat, 29 Aug 2009 07:50:24 +0000 Richard, what do you mean when you said: "If you stay with the 1 lender and amount is over $500K"we are planning to have the 2 loans with the same lender which would make our total borrowings appx $730K. will this increase the LMI??

]]> ad4fb49b72df89ddc8e299530fff3f94 KRH83 replied to the topic Pay LMI or create LOC for deposit on 2nd IP?? in the forum Finance https://www.propertyinvesting.com/topic/4397057-pay-lmi-or-create-loc-for-deposit-on-2nd-ip/#post-4608246 Sat, 29 Aug 2009 05:25:23 +0000 Ok, i'm aiming for the buy and hold strategy too so thats why i'm looking at this prop – it is 10Km from the brisbane CBD so i think we will get some good cap growth out of it in years to come – not to mention a good rental yield.So we went to an inspection today for a unit in our current IP's building complex, asking for offers over $415K (it is…[Read more]

]]> 7d7ee00baa221728be7cfa24e3d4ce09 KRH83 replied to the topic Pay LMI or create LOC for deposit on 2nd IP?? in the forum Finance https://www.propertyinvesting.com/topic/4397057-pay-lmi-or-create-loc-for-deposit-on-2nd-ip/#post-4608243 Tue, 25 Aug 2009 10:46:59 +0000 Ok, I understand what your saying S/C – clever thinking. i really appreciate your time and energy helping me out!So theoretically, it doesnt really matter if we buy now or buy in 3 years time – the main difference is that the whole process will be less risky if we wait. But thats looking purely at loan amount…The main driving force of buying…[Read more]

]]> 8a8680731cb704d66262eb38e9bcb3c3 KRH83 replied to the topic Pay LMI or create LOC for deposit on 2nd IP?? in the forum Finance https://www.propertyinvesting.com/topic/4397057-pay-lmi-or-create-loc-for-deposit-on-2nd-ip/#post-4608240 Mon, 24 Aug 2009 10:34:42 +0000 oh ok, so if thats the case Richard, and we get a separate loan, will we still be able to borrow that amount or will it reduce our borrowing power?

]]> 07653ca016f9075b80285816d98893c8 KRH83 replied to the topic Pay LMI or create LOC for deposit on 2nd IP?? in the forum Finance https://www.propertyinvesting.com/topic/4397057-pay-lmi-or-create-loc-for-deposit-on-2nd-ip/#post-4608238 Mon, 24 Aug 2009 10:18:16 +0000 Thanks StumpCam, so do you feel the same way about not not using a LOC and just paying the LMI in order to get into the market sooner? ie keep appx 75% LVR on first IP and 96% LVR (inc LMI) (93% pre LMI) on second IP?The after tax figures look pretty good though even inc $24,000 LMI- appx $8000/yr which we can afford. So in this case, wouldnt it…[Read more]

]]> 7a15e72fb58fe767d35d069b59776abb KRH83 replied to the topic Buying PPOR after IPs in the forum Help Needed! https://www.propertyinvesting.com/topic/4396619-buying-ppor-after-ips/#post-4605950 Fri, 03 Jul 2009 04:52:44 +0000 yeah that makes sense. Thanks for the advice Terry!  just another annoying question would use suggest choosing a variable rate loan with an offset account over a fixed rate without an offset for a PPOR mortgage? i suppose it would depend on the amount of extra funds we plan to put into the account opposed to the extra interest we will be charged i…[Read more]

]]> 0dca3901d581dcb1b5facbcf6c9b0d5e KRH83 replied to the topic Buying PPOR after IPs in the forum Help Needed! https://www.propertyinvesting.com/topic/4396619-buying-ppor-after-ips/#post-4605948 Fri, 03 Jul 2009 03:47:52 +0000 ok, i think i understand. Our first IP has an IO loan with an offset account which we have been putting all our savings into – so we're on the right track there Our next IP will most likely be a IO fixed rate mortgage (most likely without an offset account since these are rare). i will definetly look into setting up a LOC with the first IP's m…[Read more]

]]> a14e81ddc4a090995a3f156e192d64b0 KRH83 replied to the topic Buying PPOR after IPs in the forum Help Needed! https://www.propertyinvesting.com/topic/4396619-buying-ppor-after-ips/#post-4605946 Thu, 02 Jul 2009 12:04:00 +0000 Hi Terry,I have considered that as well but how will we go about using the equity to reduce the amount of the mortgage? is that what re-financing is for? sorry, im a bit of a newbie!

]]> 0259c18de3b3d170b93ebe12891957a1 KRH83 replied to the topic Buying PPOR after IPs in the forum Help Needed! https://www.propertyinvesting.com/topic/4396619-buying-ppor-after-ips/#post-4605944 Thu, 02 Jul 2009 10:37:38 +0000 I just had another lightbulb moment- i keep reading about trusts:could we establish a trust, borrow money in the trusts name to buy the IP from us and then put the profit towards the PPOR?would this suit our situation? Would we have to buy the property in certain names?cheers!

]]> 6c8478e2c5010d1172162b74e874637e KRH83 replied to the topic Rent out current PPOR in the forum Ok thanks guys, i thought https://www.propertyinvesting.com/topic/4394983-rent-out-current-ppor/#post-4597010 Sun, 21 Dec 2008 22:37:20 +0000 Ok thanks guys, i thought so! She is also considering building a 'live-in garage/granny flat' in the back yard with it own street entry to rent out. 1. am i correct in saying that the interest on the money she borrows to build the flat will be tax deductible because its an investment? 2. she also thought about subdividing the the property in order…[Read more]

]]> a07851d6ad6fdb3717435e80fef6387f KRH83 replied to the topic Extra repayments to IP loan?? in the forum Finance https://www.propertyinvesting.com/topic/4394005-extra-repayments-to-ip-loan/page/2/#post-4591789 Sun, 24 Aug 2008 11:29:23 +0000 Yes, the NSW office of state revenue can confirm that if you email them.

]]> e000bd832db15ce53cd24c24b5f8bbd4 KRH83 replied to the topic Extra repayments to IP loan?? in the forum Finance https://www.propertyinvesting.com/topic/4394005-extra-repayments-to-ip-loan/#post-4591783 Fri, 15 Aug 2008 09:27:17 +0000 Thanks everyone! I think we will end up having to put the funds in a term deposit account. We should probably hit the book shops this weekend too! Actually imugli, i made some enquiries with the NSW office of state revenue before we purchased the unit and apparently, if we never reside in the investment property, we are still eligible for the FHOG…[Read more]

]]> 28dfe729ea797eba605934a3ff2194db KRH83 replied to the topic Extra repayments to IP loan?? in the forum Finance https://www.propertyinvesting.com/topic/4394005-extra-repayments-to-ip-loan/#post-4591779 Fri, 15 Aug 2008 03:06:31 +0000 thanks for all your comments and advice!Im new at this so my knowledge is fairly basic! i guess our plan and strategy was to get into the property market while it was a good time to buy as well as reduce our taxable income (my husband is in the 40% margin and im in the 30%). We ended up buying a unit instead of waiting until we could afford to by…[Read more]

]]> f751bee40bae8fe9740bdc3bdf309a9f KRH83 replied to the topic Extra repayments to IP loan?? in the forum Finance https://www.propertyinvesting.com/topic/4394005-extra-repayments-to-ip-loan/#post-4591769 Thu, 14 Aug 2008 06:45:54 +0000 thanks Imugli, I realise now that we should have chosen a loan with the option of an off set account but unfortunetly it doesnt come with the fixed rate loan so until it changes to a variable rate in 2 years time, what should we do with the extra funds?? I also realise that we should have gone with a variable rate from the start too! Hind sight…[Read more]

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