PropertyInvesting.com | ktastrphe | Activity https://www.propertyinvesting.com/members/ktastrphe/activity/ Activity feed for ktastrphe. Mon, 13 Apr 2026 03:36:57 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 c37bb4a7f33d7c0c2857763d44c688b2 ktastrphe replied to the topic Is property investing going to poo in the forum General Property https://www.propertyinvesting.com/topic/4403338-is-property-investing-going-to-poo/#post-4645767 Wed, 13 Apr 2011 02:01:31 +0000 This is a pro-property forum so you will be told to hang in there, whereas if you posted on a property bear forum you will be told to get out now. Noone can see the future. I was in your boat last year and sold up 3 properties and now rent with cash in a high interest bearing account and dabble a little in the share market. I havent regretted it…[Read more]

]]> ba8de29e8a612eb98364957e7af6af4d ktastrphe replied to the topic Where to find previous sale price of property. in the forum Help Needed! https://www.propertyinvesting.com/topic/4402221-where-to-find-previous-sale-price-of-property/page/2/#post-4638329 Sun, 19 Dec 2010 23:11:57 +0000 Seeing as noone has answered your question, here are a couple ways I find useful*Firstly, Richard (qls007) very kindly will do a free residex report for you. This will have the last sales*If you are friendly with a real estate agent, obviously not the one representing the vendor, you can sometimes get reports via them*If you decide to use a buyers…[Read more]

]]> 133842d041b285e84314d213eae46325 ktastrphe replied to the topic Finding people for the deals in the forum Creative Investing https://www.propertyinvesting.com/topic/4402224-finding-people-for-the-deals/#post-4638369 Fri, 17 Dec 2010 09:04:26 +0000 I think you'll have to be more specific than "finding clients for your deals" to get any advice.

]]> 0a5f616f0a28508c4cfca9973169046c ktastrphe replied to the topic Large block, but only want to buy a portion of it in the forum Great advice duckster. https://www.propertyinvesting.com/topic/4401104-large-block-but-only-want-to-buy-a-portion-of-it/#post-4631256 Sun, 05 Sep 2010 05:12:13 +0000 Great advice duckster. Really appreciated

]]> 9239c748f6d3edaad029e5e82ef129c9 ktastrphe replied to the topic Large block, but only want to buy a portion of it in the forum Help Needed! https://www.propertyinvesting.com/topic/4401104-large-block-but-only-want-to-buy-a-portion-of-it/#post-4631254 Sun, 05 Sep 2010 01:25:01 +0000 Your first point is the one that stands out to me I guess. The block is overlooking the river, which is why we would build on the frontage – plus a bit of a backyard. Resale would be there due to location I believe. Perhaps, like you say, the smarter way is townhouses (including the front), taking advantage of the zoning.I guess what I was asking…[Read more]

]]> e29098e56b464cb462c2f58a2506c527 ktastrphe replied to the topic Anyone used Momentum Wealth in WA? in the forum Help Needed! https://www.propertyinvesting.com/topic/4395904-anyone-used-momentum-wealth-in-wa/#post-4602010 Sun, 18 Apr 2010 06:59:36 +0000 I never used them for purchasing anything. I went in to have a chat to their loan broker and was shocked when she said she would charge a fee for every loan she processes, on top of her commissions. She also told me about two lemon investments she had bought in the last year or so, which didnt impress me seeing as she worked at a property…[Read more]

]]> 6bb89b7d52ad6dbc6b682b84d71d5c2c ktastrphe replied to the topic Australian property market; sustainable? in the forum Help Needed! https://www.propertyinvesting.com/topic/4398509-australian-property-market-sustainable/#post-4615617 Tue, 26 Jan 2010 11:53:54 +0000 I guess one example about false information is how everyone carries on about there isnt enough housing and vacancy rates are dropping. The stats from REIWA beg to differ – vacancy rates in Perth are higher than they have been for 8 years http://reiwa.com.au/research/listings-rental-trends.cfm All Im saying is dont blindly believe everything you are told!

]]> 565164377a0838ed65fb8fbbfd058fb9 ktastrphe replied to the topic Australian property market; sustainable? in the forum Help Needed! https://www.propertyinvesting.com/topic/4398509-australian-property-market-sustainable/#post-4615616 Tue, 26 Jan 2010 11:49:08 +0000 Im of the opinion that people are just regurgitating what they hear on the news or from a real estate agent – mining boom, china growth, skills shortage etc without much actual research or knowledge themselves. So many people are getting into investment properties because they hear how someone else has 20% in a couple months and are being told…[Read more]

]]> 19e473daf75b08bdc866c4a0e852c004 ktastrphe replied to the topic Desperation in the forum Help Needed! https://www.propertyinvesting.com/topic/4398505-desperation/#post-4615579 Mon, 25 Jan 2010 12:02:37 +0000 hey lachinovwhat I mean is if you sell the house, you wont have enough proceeds to pay out the loan in full (will you?). Therefore you will still have some portion of loan left, but no collateral behind that amount. Depending on the amount, I guess you could take out a personal loan to pay out the remainder of the "home loan". Very tricky…[Read more]

]]> 2dd55b7e09be316ab40f224fc1e3c0cf ktastrphe replied to the topic Desperation in the forum Help Needed! https://www.propertyinvesting.com/topic/4398505-desperation/#post-4615576 Mon, 25 Jan 2010 10:59:21 +0000 Would the bank let you sell and be left with around $100k of uncollateralised loan – that is the first thing I would look at. Seeing as you can only borrow around 90% of the value of a house these days, what does that mean if you dont even have the house?It is a very tough decision, it would take a lot to bounce back from that loss if you did sell…[Read more]

]]> 81ac412e6f89a1ed6c85ec668a10750e ktastrphe replied to the topic Australian Property, Its stuffed right? sell now? in the forum You're on the wrong forum https://www.propertyinvesting.com/topic/4398393-australian-property-its-stuffed-right-sell-now/#post-4614853 Fri, 15 Jan 2010 11:53:13 +0000 You're on the wrong forum buddy, everyone here is going to say hold and never sell.Try searching for a property bubbleforum  and you'll get advice to sell.ps. I sold my two IPs for that reason, but that doesnt mean its the best thing to do.

]]> d55550c9f5ef6e938513d39b2e55c7c0 ktastrphe replied to the topic High Interest rates in the forum Help Needed! https://www.propertyinvesting.com/topic/4398050-high-interest-rates/#post-4612796 Tue, 22 Dec 2009 09:06:35 +0000 Hey Jimster, just keep in mind that this is a forum about property investing – most people on here are actual investors and have the view property prices are going to sky-rocket and you'll be priced out. Similarly, if you go on a property bear forum you'll be told people's honest thoughts that prices will drop slightly or by up to 30-40%.Its a…[Read more]

]]> 7a252b759cb3b639c662be6224f93aff ktastrphe replied to the topic Finance - this seems odd! in the forum If you have $140k in LOC and https://www.propertyinvesting.com/topic/4398104-finance-this-seems-odd/#post-4613111 Fri, 18 Dec 2009 12:20:22 +0000 If you have $140k in LOC and owe $230k, thats a total of $370k exposure on the $475k loan. staying under LMI you can only borrow another $10k (80% of 475 is $380k) by my calcs and about $57k if paying LMI at 90%. Sound like you will be cross collaterlised too.if you want to borrow more, you will need to use your LOC as a 20%deposit  (or 10% if…[Read more]

]]> 062d05f21550fb13ae091949710dae62 ktastrphe replied to the topic Investing Strategy help when low on cash flow in the forum Help Needed! https://www.propertyinvesting.com/topic/4397604-investing-strategy-help-when-low-on-cash-flow/#post-4610612 Sat, 24 Oct 2009 11:12:44 +0000 Questions like that scare me! what would you do after the $50k disappears? You will also be paying interest on the $50k you are using to pay the other interest.generally you can only borrow 90% of the properties value these days

]]> 3fdda42b6ad3d8ff231be9b8a857cd51 ktastrphe replied to the topic depreciation schedule on a 20yo house in the forum General Property https://www.propertyinvesting.com/topic/4397205-depreciation-schedule-on-a-20yo-house/#post-4608875 Mon, 28 Sep 2009 01:10:41 +0000 Hey coretexCheck out the corpred website, http://www.corpred.com.au . I stumbled across them earlier this year after being told by Deppro not to bother with doing a schedule on my place.Basically you fill out the details of your place and send it to copred. For free they will do a basic calc and then sms you back the expected depreciation for that year.…[Read more]

]]> 92a2b96106deee8f201ae7ccb78eb9df ktastrphe replied to the topic How do you work out your sale price if you want to sell above your buying price? in the forum Help Needed! https://www.propertyinvesting.com/topic/4397203-how-do-you-work-out-your-sale-price-if-you-want-to-sell-above-your-buying-price/#post-4608868 Sat, 19 Sep 2009 09:36:52 +0000 If you have the property as security on the loan then you wont be able to sell and keep the loan – maybe if you can use another property or something else though.The bank or a broker should be able to tell you for sure though

]]> c044e6647b9733539c206f13ebb56ca3 ktastrphe replied to the topic How do you work out your sale price if you want to sell above your buying price? in the forum Help Needed! https://www.propertyinvesting.com/topic/4397203-how-do-you-work-out-your-sale-price-if-you-want-to-sell-above-your-buying-price/#post-4608866 Fri, 18 Sep 2009 00:44:52 +0000 Hey NathanI just read your last bit about being fixed interest rate. Im not sure on the specifics, but you may be up for break fees for selling the house as well, similar to refinancing.

]]> e8337561605748a84c06156ece466fed ktastrphe replied to the topic What would be the best type of company to start, for investing in real estate in the forum Help Needed! https://www.propertyinvesting.com/topic/4397196-what-would-be-the-best-type-of-company-to-start-for-investing-in-real-estate/#post-4608837 Wed, 09 Sep 2009 10:45:32 +0000 The best advice I can give is dont try and figure it out on an internet forum. Get a good accountant!

]]> 89544e4d083be2067ed8eeab2a673e01 ktastrphe replied to the topic What does R17.5/R30 Actually mean in the forum Help Needed! https://www.propertyinvesting.com/topic/4397173-what-does-r17-5r30-actually-mean/#post-4608745 Tue, 08 Sep 2009 12:36:33 +0000 Thanks for the replies. I viewed the property i was talking about and it was closer to a main road than i thought, and had a massive gradient on the land. The house on the block was also uninhabitable. Looks like way too much work (and money) to me.

]]> 8c59eeded46e77d47728ceda64ffb3dd ktastrphe replied to the topic Deprecation Schedule – If and from where? in the forum Help Needed! https://www.propertyinvesting.com/topic/4397172-deprecation-schedule-if-and-from-where/#post-4608732 Sun, 06 Sep 2009 04:05:35 +0000 toni89 – as per my post above yours. I have had schedules prepared by Corpred and Deppro – both were of excellent standard. Corpred can be a lot cheaper too

]]> 5b738a54cbb0bb792b508c76b65fc1fe ktastrphe replied to the topic What does R17.5/R30 Actually mean in the forum Help Needed! https://www.propertyinvesting.com/topic/4397173-what-does-r17-5r30-actually-mean/#post-4608741 Sun, 06 Sep 2009 03:57:44 +0000 This didnt really help me out, but for anyone else that wants to read about the planning guidelineshttp://www.planning.wa.gov.au/Publications/1585.aspx

]]> ce96167a3abb11fd7427fe424980dfbe ktastrphe replied to the topic Deprecation Schedule – If and from where? in the forum Help Needed! https://www.propertyinvesting.com/topic/4397172-deprecation-schedule-if-and-from-where/#post-4608729 Sun, 06 Sep 2009 02:18:11 +0000 Mate, google "corpred depreciation" – they give you an estimate via sms on what your depreciation is – if you are happy with it you can either fill in forms full of details and they will do a schedule, or you can choose to get them to come check out your place. I was told the same thing, dont bother with a depreciation schedule – even by Deppro -…[Read more]

]]> 8cebea1a2979ea3701cba579b804828f ktastrphe replied to the topic Keep 2IP or Sell ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4397156-keep-2ip-or-sell/#post-4608680 Fri, 04 Sep 2009 00:35:37 +0000 ps. Where is your IP? thats a reasonable rental return!

]]> 9ccdfa0fba93218b08051c4991d96a35 ktastrphe replied to the topic Keep 2IP or Sell ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4397156-keep-2ip-or-sell/#post-4608679 Fri, 04 Sep 2009 00:34:22 +0000 Hey DannyI am actually doing exactly what you are asking. Selling my IP to get my PPoR loan down. My reason for doing this is further reducing my exposure to interest rate rises when they eventually come. I will suffer a bit of Capital Gains, but Im still making money. Interest repayments on my PPoR are not tax deductible, so I see it as…[Read more]

]]> 74e0d9768c03a2cd83fb491567ad3542 ktastrphe replied to the topic Turning a PPOR into a IP with a twist? in the forum Help Needed! https://www.propertyinvesting.com/topic/4396988-turning-a-ppor-into-a-ip-with-a-twist/#post-4607943 Tue, 18 Aug 2009 22:53:30 +0000 Hey doublek. Im pretty sure you cant run an offset against an IO loan though – only an I+P.Sorry to high-jack – but what did Scottnomates mean when he said offset is better than redraw? Im currently using my redraw (no fees for in or out) as a dumping ground for all my spare cash, including my wedding funds. Ill of course have to pull the wedding…[Read more]

]]> 27f8f422e873234f7e99857b523c4fe9 ktastrphe replied to the topic IP using two seperate loans in the forum Finance https://www.propertyinvesting.com/topic/4396920-ip-using-two-seperate-loans/#post-4607525 Sun, 09 Aug 2009 02:45:34 +0000 Thanks Richard.Perhaps I should further explore the trust option. I am looking at increasing my portfolio over the next few years (as is everyone else!)Kurt

]]> d20db60c0538d15f03b443ec54c80ba1 ktastrphe replied to the topic Please help with first potential investment in the forum Help Needed! https://www.propertyinvesting.com/topic/4396881-please-help-with-first-potential-investment/#post-4607141 Sun, 09 Aug 2009 01:00:47 +0000 Hi MatIt sounds to me like the opportunity they are trying to present you with is something they have come across themselves as investors, and they are trying to grab a $2k finders fee. I would do some more research and try to find out who the developer/builder is and see exactly what the go is. The mention of them making you a VIP member sounds…[Read more]

]]> 36e37e33ae86f4eb9964a1ae778b3dc8 ktastrphe replied to the topic IP using two seperate loans in the forum Finance https://www.propertyinvesting.com/topic/4396920-ip-using-two-seperate-loans/#post-4607523 Sun, 09 Aug 2009 00:53:24 +0000 Sorry, what I meant to say was"The question I have is would the LMI be payable on all the loans contributing to the deposit portion and the new IP. Or would I only be up for LMI on the loan from the external bank to my current loans?"

]]> 2aa3972760e6524e8f046ede3fa7623b ktastrphe replied to the topic Decreasing and then Increasing IP loan in the forum Finance https://www.propertyinvesting.com/topic/4395823-decreasing-and-then-increasing-ip-loan/#post-4601528 Sat, 28 Mar 2009 04:10:42 +0000 Thanks everyone for your advice. I spoke to the bank and they will let me do the term deposit option. Upon maturity I can dump the money into my PPoR – and it leaves my IP loan as is…

]]> c2f9724d47eaa995bad5be4f4d0dbbe1 ktastrphe replied to the topic Decreasing and then Increasing IP loan in the forum Finance https://www.propertyinvesting.com/topic/4395823-decreasing-and-then-increasing-ip-loan/#post-4601526 Sat, 28 Mar 2009 00:16:30 +0000 Qlds007 wrote:
 I dont believe this is true – can anyone verify. Yes you are correct you cannot.

What about if the loan allows redraw. Im on a minesite and one of the accountants here said it is legal, although he's been out of income tax for a few years now.With regards to the term deposit option – I did think about that. Would that help keep…[Read more]

]]> 1ca002acfb231f2c30750e2fabe35071 ktastrphe replied to the topic Decreasing and then Increasing IP loan in the forum Finance https://www.propertyinvesting.com/topic/4395823-decreasing-and-then-increasing-ip-loan/#post-4601523 Fri, 27 Mar 2009 11:59:45 +0000 Or is there another way I can keep my left over cash from the sale of my house somewhere other than these two loans, keeping me out of mortgage insurance territory until the end of July so I can just dump it in the new PPoR?It would be a shame to put all my money into the IP and then have to sell it off later.thanks

]]>