PropertyInvesting.com | ksherwell | Activity https://www.propertyinvesting.com/members/ksherwell/activity/ Activity feed for ksherwell. Sun, 12 Apr 2026 13:00:16 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 98ffd4d28e1806cd9029640b2b392931 ksherwell replied to the topic Lots of bright ideas in the forum Creative Investing https://www.propertyinvesting.com/topic/4405704-lots-of-bright-ideas/#post-4662583 Thu, 23 Feb 2012 20:03:33 +0000 As Richard pointed out it won’t work in the SMSF as it can only acquire assets from a related party which are valued at a maximum of 5% of the total SMSF investment portfolio value.

As Michael pointed out you need to investigate the tax implications of the loan for the IP as you should maximise the tax effectiveness of the loan and any expenses…[Read more]

]]> 4ad7bb2bda585b8f0f1c97d15c6aa219 ksherwell replied to the topic Investment in SE Asia in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402725-investment-in-se-asia/#post-4641484 Thu, 23 Feb 2012 19:53:54 +0000 Some very good comments Terry. I doubt that I would consider purchasing a property in SE Asia (especially Thailand) as the risks are extremely high and as Terry said you should be prepared to lose the money. It will also be very difficult to obtain finance.

]]> efb33852bcc6928eacfe2c124b3fd2bb ksherwell replied to the topic SMSF and trust. in the forum There shouuldn't be a https://www.propertyinvesting.com/topic/4405908-smsf-and-trust/#post-4664080 Thu, 23 Feb 2012 19:45:49 +0000 There shouuldn’t be a problem with the UT purchasing the property from the SMSF. However, it would need be conducted on a commercial basis and to satisfy the super legislation the investments made by SMSFs must be made and maintained on a strict commercial basis, so the fund trustee must ensure the asset valuation is robust and the purchase or…[Read more]

]]> 850b12d00038ebfec6c1682c279e2ac5 ksherwell replied to the topic Urgent help / advise needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4405869-urgent-help-advise-needed/#post-4663787 Thu, 16 Feb 2012 22:45:47 +0000 Hi Nath

It sounds very much like he is mustering his bids to show increased interest in the properties. However, having being involved in property repossessions for 2 major Australian banks, I have seen stranger things happen, especially when the bank is desperate to offload the property for accounting reasons. However, I doubt they will drop…[Read more]

]]> 5f26e30282bb080948777e50a65e028a ksherwell replied to the topic National bank has no idea what's going on in Moranbah in the forum Help Needed! https://www.propertyinvesting.com/topic/4405359-national-bank-has-no-idea-whats-going-on-in-moranbah/page/2/#post-4660025 Sun, 11 Dec 2011 01:58:17 +0000 I would get in touch with the council or use a different bank

]]> 51323c14ddec5b69893352ad83b40735 ksherwell replied to the topic One Big Switch or big flop in the forum Finance https://www.propertyinvesting.com/topic/4404479-one-big-switch-or-big-flop/#post-4654067 Mon, 12 Sep 2011 02:07:55 +0000 They still have not released a deal. Its been 10 weeks. So much for getting 40,000 people to switch. Bad move for Choice

]]> 5c63da913e4a5b944fb8690a803b596e ksherwell replied to the topic Home Loan Question? in the forum Finance https://www.propertyinvesting.com/topic/4404549-home-loan-question/#post-4654617 Mon, 12 Sep 2011 02:04:09 +0000 I would go to another bank. I can't see a problem.

]]> a6d005fd378bbaf0c6cba6d8f41fdfbf ksherwell replied to the topic Stamp duty concession to be axed for First Home Owners in NSW in the forum General Property https://www.propertyinvesting.com/topic/4404693-stamp-duty-concession-to-be-axed-for-first-home-owners-in-nsw/#post-4655625 Mon, 12 Sep 2011 01:57:31 +0000 Should simulate the market

]]> 68d7b2877e6ec3e888ce1b2821b14213 ksherwell replied to the topic Home Loan Question? in the forum Finance https://www.propertyinvesting.com/topic/4404549-home-loan-question/#post-4654613 Wed, 31 Aug 2011 01:14:01 +0000 Go to another Bank, there are many options out there

]]> 96e8a1200b98352475fbeeeb6302d071 ksherwell replied to the topic One Big Switch or big flop in the forum Finance https://www.propertyinvesting.com/topic/4404479-one-big-switch-or-big-flop/#post-4654064 Fri, 19 Aug 2011 00:53:50 +0000 Here is a letter from One Big Switch, showing they dont have any banks as yet. I wonder if they ever will. Wednesday 17 August40,306 consumers register with the CHOICE Big Bank Switch Dear KaneFirst of all, from all the CHOICE Big Bank Switch team, thanks for registering to be eligible to take part in Australia’s first ever Big Bank Switch.As an e…[Read more]

]]> ec1531b2c37b483585d1aa58b4e33082 ksherwell replied to the topic Using mortgage broker vs. applying directly to the bank ? in the forum Finance https://www.propertyinvesting.com/topic/4404421-using-mortgage-broker-vs-applying-directly-to-the-bank/page/2/#post-4653692 Thu, 18 Aug 2011 12:36:57 +0000 I agree to deal with only one banker.

I used to refer people to multiple bankers as they desired the best rate. But it only makes thing difficult.
Now I refer customers to one bank and one bank only

]]> f7e805240b51787ed5114170ef3fbb6d ksherwell replied to the topic Refinance in the forum Finance https://www.propertyinvesting.com/topic/4404128-refinance-2/#post-4651176 Tue, 16 Aug 2011 04:33:00 +0000 MrDarcy wrote:

Hello Mr DarcyBe aware if you  are going to refinance to ANZ, they are giving a $1000 cash back for making the switch.  This is available either by going direct, being referred or via brokers. [/quote] Checked out your site Kane..pretty neat![/quote] Thanks Mr Darcy, we are releasing a new, more modern site in 2 weeks. &l…[Read more]

]]> 429216ff2c63d11bc52c19ac47c7b892 ksherwell replied to the topic Refinance in the forum Finance https://www.propertyinvesting.com/topic/4404128-refinance-2/#post-4651173 Tue, 16 Aug 2011 01:33:49 +0000 MrDarcy wrote:
I am moving from Commbank to ANZ as per the above statements and with 1% off over 700k id be keen to see if that doesnt sway the sour taste..Sorry to be blunt but money is money at the end of the day and I can assure you CB wont be any better..I was going through a split with my wife and they printed copies of all of my statements…[Read more]

]]> 968bf4838a120878bc7780b6282f9303 ksherwell replied to the topic Refinance in the forum Finance https://www.propertyinvesting.com/topic/4404128-refinance-2/#post-4651170 Fri, 12 Aug 2011 00:31:37 +0000 jdufall wrote:
Hi allI am looking at refinancing my PPOR and IP loans, my current finance is with a credit union and they have a limit of what they can lend me which is well under what I can service and need for my investing. I have talked to a mortgage broker and he has put forward the Commonwealth Bank as an option. The package was there…[Read more]

]]> 14a784db12257433583d6a9be866dc11 ksherwell replied to the topic Finance Question in the forum Finance https://www.propertyinvesting.com/topic/4404164-finance-question-8/#post-4651392 Fri, 12 Aug 2011 00:29:15 +0000 nicolas_b wrote:
Are Low Doc / No Doc loans still available?What are the requirements?Minimum deposit / Maximum deposit? Would someone qualify $650 K deposit, ($50K to be set-aside for mortgage payments) borrowing $400k. 

With such a high deposit, you could do Low-Doc, Rams is the leader in this market up to 80% LVR or go to one of the…[Read more]

]]> d20185fd4b4ce6681d03935274ad0322 ksherwell replied to the topic Getting finance for 1st IP in the forum Sounds like CBA is the https://www.propertyinvesting.com/topic/4404419-getting-finance-for-1st-ip/#post-4653652 Fri, 12 Aug 2011 00:26:10 +0000 Sounds like CBA is the option, they have good rates at the moment. 6.96% or 7.27 comparison on a 95% LVR

]]> 5b44ece45bc230dff08261d1c2dda955 ksherwell replied to the topic best investor loans in the forum Finance https://www.propertyinvesting.com/topic/4404394-best-investor-loans/#post-4653454 Fri, 12 Aug 2011 00:22:15 +0000 sonyasal wrote:
Hi Just wondering whether anyone has been able to source a very good investor loan recently. Looking for interest only with highest lend possible. Any loans offering 95% lends anymore?Would love to hear people's thoughts and experiences. How hard is it to secure a loan these days with new lending criteria etc.ThanksSonya

Hi…[Read more]

]]> 0b64766d5fb8b668d0d15a75dc928d5d ksherwell replied to the topic Financing for first IP in the forum Finance https://www.propertyinvesting.com/topic/4404430-financing-for-first-ip/#post-4653748 Fri, 12 Aug 2011 00:09:46 +0000 Hi Brendon I recommended doing your own research FYI  The Bank of Melbourne and NAB are the most competitive. Happy to place you in touch with one of their specialist lending staff.   

]]> 196a8edd0a3440fd21f67ee0c85f1916 ksherwell replied to the topic Using mortgage broker vs. applying directly to the bank ? in the forum Finance https://www.propertyinvesting.com/topic/4404421-using-mortgage-broker-vs-applying-directly-to-the-bank/#post-4653672 Fri, 12 Aug 2011 00:02:18 +0000 Henry Adams wrote:
Hi, Just a quick question, What's the difference in applying the loan directly through the bank compares with using mortgage broker ? I'm starting to look for a suitable lender for my IP loan, at the moment I'm with Bankwest and should I apply second account for IP loan (semi firewalling with Bank west) or with different…[Read more]

]]> 66137ef02099329fb2beec5e823f7e53 ksherwell replied to the topic What sort of loan can we get? in the forum Finance https://www.propertyinvesting.com/topic/4404205-what-sort-of-loan-can-we-get/#post-4651687 Thu, 21 Jul 2011 00:56:52 +0000 Why not use your equity?

]]> e924d601ed94a50ef87d073721aa4a05 ksherwell replied to the topic Where and How do others research for properties . in the forum Help Needed! https://www.propertyinvesting.com/topic/4404083-where-and-how-do-others-research-for-properties/#post-4650897 Tue, 12 Jul 2011 02:13:10 +0000 To work out good areas to invest in, I use the newspapers to see what new infrastructure is going in. It's one of the principles how i base my decisions

]]> ad86b59f76fbf36985fd9a3f1ee8da50 ksherwell replied to the topic today tonight- tenant damage in the forum real estate agents do have a https://www.propertyinvesting.com/topic/4370849-today-tonight-tenant-damage/page/2/#post-4451559 Tue, 12 Jul 2011 02:11:09 +0000 real estate agents do have a black book to warn other companies of bad tenants. It is very wise to get landlord insurance and ensure it covers everything. You never know what a person is like until they move in.

]]> 9480e299687f233c86d6d65f0d3f0b0f ksherwell replied to the topic High income, need to negative gear, First home buyer in the forum Help Needed! https://www.propertyinvesting.com/topic/4404114-high-income-need-to-negative-gear-first-home-buyer/page/4/#post-4651086 Tue, 12 Jul 2011 02:07:29 +0000 I agree with your accountant, look for  a new home. More deductions and you get the full 1st home buyer grant. Plus if it's off the plan, less stamp duty as well.

]]> 78f96cdb443dccf3a0389678f29fa8f7 ksherwell replied to the topic What I doing wrong - making offers in the forum Help Needed! https://www.propertyinvesting.com/topic/4404172-what-i-doing-wrong-making-offers/#post-4651427 Mon, 11 Jul 2011 07:16:55 +0000 From an agents POV, you 1st placed an offer of $260k, then after a while dropped to $250K. It comes across like you are playing games, and no agent likes this. Saying that the agent still should have called you, to say you can have it at $260k. Was your offer in writing? I have heard of experiences from other agencies where this has happened and…[Read more]

]]> 2f1ffb944b3535845df69c556aa8bb6f ksherwell replied to the topic New young Investor in the forum Help Needed! https://www.propertyinvesting.com/topic/4404170-new-young-investor/#post-4651406 Mon, 11 Jul 2011 07:11:01 +0000 Listening to my friends, I hear the NZ is deader then dead. It may be a good time to enter, or even wait just a few more months for values to drop and pick up desperate sellers.

]]> 36984e148445396eddfd1783937fb8b5 ksherwell replied to the topic Average Income of Estate Agents in the forum Help Needed! https://www.propertyinvesting.com/topic/4404171-average-income-of-estate-agents/#post-4651412 Mon, 11 Jul 2011 07:09:36 +0000 regarding commission structure, it depends on the agency. You can treat it like your own business and pay for everything and get 80% com. Then there's others that give you retainer and 34% to 45%. FYI depending on staff, the average office costs $25k per month to run.

]]> 9dd6ca0d0a3780def6b538318f805ee2 ksherwell replied to the topic Average Income of Estate Agents in the forum Help Needed! https://www.propertyinvesting.com/topic/4404171-average-income-of-estate-agents/#post-4651411 Mon, 11 Jul 2011 07:07:39 +0000 Hey Tim, It really depends on the agent. You will find 10% of agents make 90% of the income, as each owner wants to sell their home with the best agent. I was a top 10 agent for my franchisor and to get number 1 position, the agent had to earn $800k plus. Saying  that there were agents in my office who didn't get off their backside who only got…[Read more]

]]> 2e82c52f06327d7c65aa811fba193138 ksherwell replied to the topic Buying a House with Friends in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404174-buying-a-house-with-friends/#post-4651470 Mon, 11 Jul 2011 07:02:26 +0000 I recommend trust, it has better tax advantages and ability to distribute funds freely. For lending you may want to look out the portfolio packages.

]]> 3f7c95ba10ca6bcc953ebe160ea5ebeb ksherwell replied to the topic Double stamp duty - nominee (VIC) in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404152-double-stamp-duty-nominee-vic/#post-4651335 Fri, 08 Jul 2011 03:13:38 +0000 I had the same question asked a year ago, by a family member. I'm looking forward to the answer as well

]]> 5ca3c03bd2e52ef6981975d4e32e14de ksherwell replied to the topic Property bust not here yet ... worse to come in the forum Hey guys I'm in Point Cook https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/39/#post-4549194 Thu, 07 Jul 2011 03:16:07 +0000 Hey guys I'm in Point Cook and some agents out here haven't had a buyer inspection in 2 weeks. 2 weeks, I can't believe this.

]]> dac0d6f5f5b10a9b315e57146aab0b66 ksherwell replied to the topic Help please! Want to purchase first home in Australia as PPOR, has lease, do I still pay Stamp Duty? in the forum Finance https://www.propertyinvesting.com/topic/4404125-help-please-want-to-purchase-first-home-in-australia-as-ppor-has-lease-do-i-still-pay-stamp-duty-2/#post-4651155 Mon, 04 Jul 2011 23:44:44 +0000 Very hard, as you are aware you need to live in the PPOR within six months of settlement. You could have a long settlement of 6 months and move in at the end of the lease. Its the purchase date which is important.

]]> 7f3f293a2329c3bb7af05b7f6e2fdb26 ksherwell replied to the topic Answers to "Where to Find CF+ Deals" in the forum Help Needed! https://www.propertyinvesting.com/topic/4384472-answers-to-where-to-find-cf-deals/page/21/#post-4542261 Mon, 04 Jul 2011 04:58:07 +0000 Hi Angel,I'm interested to know as well.

]]> 9003c3c2410c4f6ced7e2aec2eb662a8 ksherwell replied to the topic Positive feedback for my mortgage broker in the forum Finance https://www.propertyinvesting.com/topic/4403976-positive-feedback-for-my-mortgage-broker/#post-4650092 Sun, 03 Jul 2011 07:47:18 +0000 Good story

]]> 9d683c14556f4a2973ad90e83f1462b0 ksherwell replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/39/#post-4549187 Sun, 03 Jul 2011 07:35:29 +0000 My friends are all stocking up on silver as investments.

]]> ea09bbda28dcd6ffaf9a226af253c981 ksherwell replied to the topic Sell or use PPOR? in the forum Depends on your financial https://www.propertyinvesting.com/topic/4404111-sell-or-use-ppor/#post-4651012 Sun, 03 Jul 2011 07:33:53 +0000 Depends on your financial situation and ability to hold. But by the above it looks to be positive geared.

I’m always one to buy and hold and use available equity

]]> 51b45b060d9eaec1a20ce08304b1d95f ksherwell replied to the topic Selling online in the forum Help Needed! https://www.propertyinvesting.com/topic/4404110-selling-online/#post-4651009 Sun, 03 Jul 2011 07:30:52 +0000 Depends how hot the market is, and how many people search the term no agents or sell my own property.
It also depends how good are you at negotiating. If your good, then go ahead.

]]> ebb36aed50e231c6ef5511ac4020230c ksherwell replied to the topic Property with 9 bedrooms in the forum Help Needed! https://www.propertyinvesting.com/topic/4404072-property-with-9-bedrooms/#post-4650785 Thu, 30 Jun 2011 00:15:42 +0000 I agree, you will have trouble with the banks, but there are ways around this. I have referred borrowers who purchased a similar home near Monash Uni.

]]> 944bef5f03447e7d0cbceac3426ab627 ksherwell replied to the topic Privately Managing Property in the forum mrproperty wrote:Hi all ,I https://www.propertyinvesting.com/topic/4403708-privately-managing-property/#post-4648369 Wed, 29 Jun 2011 02:30:20 +0000 mrproperty wrote:
Hi all ,I have just purchased an investment property and would like to management it myself rather than use an agent.I have a month until settlement and I was wondering if anyone could tell me the best way to market the property , are you allowed to list it on realestate.com.au , are their specific sites for this?any advice…[Read more]

]]> 9d13c5c28b733d11d99985c5a108f2fa ksherwell replied to the topic Buy First then Sell, or Sell First then Buy?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404066-buy-first-then-sell-or-sell-first-then-buy/#post-4650741 Tue, 28 Jun 2011 05:17:14 +0000 ChristinaM wrote:

ksherwell wrote:
Solution: its better to have the money in the bank, especially in a tough market when days on sale are exceeding 45days.  Sell the property 1st, get a long (90day+) settlement and ensure you have a unconditional contract before purchasing.

Thanks for the reply..A question..why a long settlement?I have…[Read more]

]]> 8edbd14441f06df1b529061c4dcd5f9e ksherwell replied to the topic Buy First then Sell, or Sell First then Buy?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404066-buy-first-then-sell-or-sell-first-then-buy/#post-4650736 Tue, 28 Jun 2011 03:36:24 +0000 Hi Christina I'm a real estate agent as well as a financier and I come across this question each day. The problem does have two sides 1. sell first – can't find the right property 2. buy first – have to sell your current home for a cheap price to ensure you can settle the purchased property. Solution: its better to have the money in the bank,…[Read more]

]]> c145291f273a48bdf04cc69251fa21c4 ksherwell replied to the topic Free Property Program in the forum Heads Up! https://www.propertyinvesting.com/topic/4404065-free-property-program/#post-4650735 Tue, 28 Jun 2011 00:12:00 +0000 Sounds interesting

]]> 45794e69ac7b283ab972a77c0dce29b9 ksherwell replied to the topic Rent vs Buy a home in the forum General Property https://www.propertyinvesting.com/topic/4403591-rent-vs-buy-a-home/#post-4647428 Tue, 28 Jun 2011 00:05:35 +0000 Consider your budget, the area which you are purchasing (can you live there for 3  to 5 years). Is your job stable?

]]> 65da1c7e3f32354f09042050b1302656 ksherwell replied to the topic When can I start claiming? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404061-when-can-i-start-claiming/#post-4650722 Mon, 27 Jun 2011 23:57:52 +0000 A number of real estate agents offer free insurance via RACV until settlement. Good idea to check this out

]]> fc26ddb9ea1fb8704083f620e9f86462 ksherwell replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum I have a few friends who https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/16/#post-4579934 Mon, 27 Jun 2011 01:03:06 +0000 I have a few friends who live in the above towns and others which have invested. They are happy with their purchases

]]> 98dfab47217d2723c9b575f3dd6fe38a ksherwell replied to the topic LMI REFUND in the forum Finance https://www.propertyinvesting.com/topic/4404023-lmi-refund-9/#post-4650439 Thu, 23 Jun 2011 03:43:59 +0000 I have never heard of a refund for LMI.

]]> 97aefc3b1a4e097ca221dd970d60bf1f ksherwell replied to the topic Can I get a loan ? in the forum Finance https://www.propertyinvesting.com/topic/4403247-can-i-get-a-loan/page/3/#post-4644910 Tue, 21 Jun 2011 01:08:54 +0000 Depends which state you are in, a number of the grants are converting to stamp duty concessions

check this out

http://www.osr.nsw.gov.au/lib/doc/factsheets/fs_fhb1.pdf

]]> c938f6916d6ffb421767b782fac385f7 ksherwell replied to the topic Can I get a loan ? in the forum Finance https://www.propertyinvesting.com/topic/4403247-can-i-get-a-loan/page/3/#post-4644908 Tue, 21 Jun 2011 00:58:37 +0000 Better get in quick as the FHOB grants runs out on the 30th June, a number of real estate agents have free books as well. But if you google RAMS buying a home, their book should come up.

]]> bfb1eee75314d7f65e97924aca9d4bb1 ksherwell replied to the topic Am i being ripped by my conveyancer in the forum Legal & Accounting https://www.propertyinvesting.com/topic/am-i-being-ripped-by-my-conveyancer/#post-4650040 Thu, 16 Jun 2011 06:56:08 +0000 Thats sounds rich, my clients pay between $500 and $700 at the most

]]> dc6e94868b86d7735c81314d3785bd0d ksherwell replied to the topic Are Real Estate Agents Sexist? in the forum Opinionated! https://www.propertyinvesting.com/topic/4399212-are-real-estate-agents-sexist/page/2/#post-4619955 Thu, 16 Jun 2011 06:52:38 +0000 I was an estate agent, between 2005 and 2009. You are true, so many came to my opens and commented how agents just ignored them. I made a point of it, to talk to them first and always shanking a woman hand (with the rare exception) Most agent believe the man does the dealing But I have also defend as a number of women just stand back and let the…[Read more]

]]> 9854bd1dd8c65e0559be0882c6a5a02a ksherwell replied to the topic Investing in the hunter valley - musswelbrook in the forum General Property https://www.propertyinvesting.com/topic/4403963-investing-in-the-hunter-valley-musswelbrook/#post-4650026 Thu, 16 Jun 2011 06:48:31 +0000 I heard a similar thing, but havent investigated

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