PropertyInvesting.com | lauriek | Activity https://www.propertyinvesting.com/members/lauriek/activity/ Activity feed for lauriek. Sun, 05 Apr 2026 21:18:20 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 851217cdee843a09dfb11b15a3c1985e lauriek replied to the topic dissolving llc in state of delaware in the forum Overseas Deals https://www.propertyinvesting.com/topic/5020661-dissolving-llc-in-state-of-delaware/#post-5022488 Thu, 10 Mar 2016 16:22:11 +0000 Just wondering why the 2nd thoughts ?
You obviously thought it was a good idea, what changed ?

]]> 29ba0bc3634258c5fe036058ee1f00c2 lauriek started the topic Vendor finance with Caveat or 2nd mortgage in the forum Finance https://www.propertyinvesting.com/topic/5018751-vendor-finance-with-caveat-or-2nd-mortgage/ Mon, 04 Jan 2016 07:41:43 +0000 I’m not sure if this is possible or legal, so I’m after some advice.

I have a property I’d like to sell in a rural area that has a low demand from buyers, it is valued at 185-200k. A contract fell through recently which I posted about here. LVR’s in the area tend to require LMI at >60% although some lenders may go to 80%.

I’ve spoken to the…[Read more]

]]> 9e694128f35a41974ec729c90cede9e7 lauriek started the topic Property next to service station in the forum Finance https://www.propertyinvesting.com/topic/5017648-property-next-to-service-station/ Mon, 14 Dec 2015 03:55:40 +0000 The family home that I grew up in was left to my sister and myself when my dad passed away in 2011, it is located in a small rural community in Victoria on the outskirts of a small township. The house is on 2.5 acres of land and is next door to a small caravan park, which has a kiosk with a couple of fuel bowsers at the front. I’d estimate there…[Read more]

]]> 33e641fbbcea2fc60edcff893cfe43d3 lauriek replied to the topic Mortgage broker recommendations in Sydney in the forum Finance https://www.propertyinvesting.com/topic/5017404-mortgage-broker-recommendations-in-sydney/#post-5017645 Mon, 14 Dec 2015 03:28:59 +0000 Try this guy, he is an absolute legend.

Daniel Gaunt
Sydney Finance Services Pty Ltd
PO Box 549, Sutherland, NSW 1499

P: 1300 765 282
M: 0466 618 957
E: info@sydneyfinanceservices.com.au
http://sydneyfinanceservices.com.au

]]> 6aef04ccfbc2532ab7a4f35ca73fb0ad lauriek started the topic Section 8 Tenants in the forum Overseas Deals https://www.propertyinvesting.com/topic/5013450-section-8-tenants/ Fri, 18 Sep 2015 05:40:07 +0000 If a HAP (Housing Assistance Payments) contracts states that owner pays water & sewer but a lease states that tenant will pay then which is legally binding.
The HAP was signed first.

]]> c73d5f34a2b11825050fee9da60208a2 lauriek replied to the topic This may be too simply but i really need to know in the forum Help Needed! https://www.propertyinvesting.com/topic/5012960-this-may-be-too-simply-but-i-really-need-to-know/#post-5013342 Wed, 16 Sep 2015 01:55:21 +0000 Another thing to bear in mind re. Tax deductibility is that it’s the use of the funds that determines deductibility NOT what the loan uses for security.
Ie. if you borrow against equity in your PPOR and use it to purchase and IP then it IS Tax deductible.
whereas if you took a loan against equity in an IP and used it for renovating your PPOR then…[Read more]

]]> 661b274dcd0821e6dc511502e4039516 lauriek replied to the topic Starting all over again after a marriage separation in the forum Help Needed! https://www.propertyinvesting.com/topic/5012854-starting-all-over-again-after-a-marriage-separation/#post-5012915 Sun, 06 Sep 2015 23:40:50 +0000 I buy property in the USA, and it definately IS possible.

]]> e02704f8853a84ecbb39de2d79aafca6 lauriek replied to the topic Starting all over again after a marriage separation in the forum Help Needed! https://www.propertyinvesting.com/topic/5012854-starting-all-over-again-after-a-marriage-separation/#post-5012912 Sun, 06 Sep 2015 19:34:07 +0000 Sue, might I suggest going along to Steves 2 day workshop this coming weekend. It will definitely open you up to ways of investing that will challenge your preconceived ideas.
Just a thought

Cheers
Laurie

]]> 5e21536d5da8627f3b9b25761b39158f lauriek replied to the topic Missed the boat? in the forum General Property https://www.propertyinvesting.com/topic/5012108-missed-the-boat-2/#post-5012715 Tue, 01 Sep 2015 05:10:48 +0000 Yani,

you really need to think about things more openly.

Why are you so insistant on buying in your own neighborhood ? Is it the best place to invest ?
A lot of people think they’ll invest in their own backyard because they know the area, but do they really know it? If you do then you’ll be able to answer all of these questions.
What is the…[Read more]

]]> 39f81471ad558006e13ad1085cc61d41 lauriek replied to the topic equity loans and tax in the forum Help Needed! https://www.propertyinvesting.com/topic/5012174-equity-loans-and-tax/#post-5012700 Tue, 01 Sep 2015 04:51:13 +0000 The GFC is still not completely done with, the U.S. is still in recovery phase. As people who defaulted and were foreclosed upon slowly regain the ability to borrow again then I can only see the market going upwards. Look at the Florida market, it has gained strength year upon year since the GFC.
Yes the aussie dollar has slumped against the…[Read more]

]]> 57328ad0b70d2e04ea59524abeddb56b lauriek replied to the topic I'm at the start of my road- which direction should I go in? in the forum Help Needed! https://www.propertyinvesting.com/topic/5011580-im-at-the-start-of-my-road-which-direction-should-i-go-in/#post-5012540 Sat, 29 Aug 2015 07:15:37 +0000 I’m sure you’ll get a lot of great experience working as a property manager.

I know exactly where you’re coming from where everybody close to you is telling you why you can’t. Here’s a little tip that was passed on to me that I ALWAYS follow now. If the person giving the advice has 6 investment proerties and loads of experience then listen to…[Read more]

]]> 7151b90fd8fe2f9ad99d266e310f14e9 lauriek replied to the topic I'm at the start of my road- which direction should I go in? in the forum Help Needed! https://www.propertyinvesting.com/topic/5011580-im-at-the-start-of-my-road-which-direction-should-i-go-in/#post-5012263 Sun, 23 Aug 2015 23:04:35 +0000 Hi Amie,

I’m sure with the attitude you’ve got that an early retirement will be a given.

Here’s a few thoughts for you to contemplate

A car will depreciate and take quite a bit of your weekly cashflow to keep on the road. If you can come up with other alternatives you’ll be much better off.

Definately do not think that all the opportunities…[Read more]

]]> 93deed2d226ed9788b95a441d7a9cddc lauriek replied to the topic Land banking rip offs by small time developers in the forum Creative Investing https://www.propertyinvesting.com/topic/5011740-land-banking-rip-offs-by-small-time-developers/#post-5012243 Sun, 23 Aug 2015 05:23:46 +0000 I went to one of the presentations by Rowan Burn about the Veneziane project, it was a VERY slick presentation.

]]> 732100550921d0956067898b94296b73 lauriek replied to the topic equity loans and tax in the forum Help Needed! https://www.propertyinvesting.com/topic/5012174-equity-loans-and-tax/#post-5012242 Sun, 23 Aug 2015 05:08:10 +0000 For taxation purposes it is the use of the money not where it comes from that determines tax deductibility. Don’t contaminate your IP loans by using some of the money for personal use.

A line of credit with sub accounts for each property is a decent way of structuring. You can then use “Debt recycling” to pay down non deductible debt whilst…[Read more]

]]> 05d2aff83ec928fef5d9510e430197b4 lauriek replied to the topic How I Completely Lost My A$$ On This Deal in the forum Overseas Deals https://www.propertyinvesting.com/topic/5011948-how-i-completely-lost-my-a-on-this-deal/#post-5012045 Wed, 19 Aug 2015 20:39:36 +0000 Mate, sorry to hear you had such a bad experience. Sounds like you’ve managed to pull a few positives from it though.

]]> 1ff9e4588372391c6325ff6e1a329232 lauriek replied to the topic How I Completely Lost My A$$ On This Deal in the forum Overseas Deals https://www.propertyinvesting.com/topic/5011948-how-i-completely-lost-my-a-on-this-deal/#post-5012045 Wed, 19 Aug 2015 20:39:36 +0000 Mate, sorry to hear you had such a bad experience. Sounds like you’ve managed to pull afew positives from it though.

]]> de1fd1ed81a7bf4af4924edd1c32b706 lauriek started the topic Does anybody know who is behind this company ? in the forum Overseas Deals https://www.propertyinvesting.com/topic/5010647-does-anybody-know-who-is-behind-this-company/ Wed, 22 Jul 2015 22:33:56 +0000 http://www.realpro.com/newsletter/6759/?utm_source=newsletter&utm_medium=email&utm_term=http%3A%2F%2Fwww.realpro.com%2Fnewsletter%2F6759%2F&utm_content&utm_campaign=Flip+Real+Estate

]]> 46df20aad04561ed363c10d8e693edff lauriek replied to the topic Getting started! in the forum Help Needed! https://www.propertyinvesting.com/topic/5010371-getting-started-57/#post-5010430 Wed, 15 Jul 2015 23:06:40 +0000 Like everything, there are positives and negatives to cross collateralising loans.
On the downside a particular lending institution knows far too much about you and if they decide to wind in the reigns by reducing LVR’s etc. can possibly make life difficult.
On the upside having all the loans together with a master limit can take advantage of…[Read more]

]]> 3f828da4ab667682c7b8a8d0537a5a17 lauriek replied to the topic Getting started! in the forum Help Needed! https://www.propertyinvesting.com/topic/5010371-getting-started-57/#post-5010387 Tue, 14 Jul 2015 16:04:41 +0000 Sometimes an accountants advice won’t necessarily be the best advice for an investor. Accountants tend to focus on reducing tax payable whereas investors focus on either cashflow or capital growth.

]]> 592dcca0f3fe48eb5960a36de70ca3ee lauriek replied to the topic Noob needs help in the forum Help Needed! https://www.propertyinvesting.com/topic/5008534-noob-needs-help/#post-5008713 Sun, 14 Jun 2015 06:04:52 +0000 It sounds like you’re in the “Asset rich, cashflow poor” situation. Lenders are increasingly focusing on serviceability nowadays.
Have a chat to a good mortgage broker and get a feel for exactly where you stand as far as borrowing ability goes.
If you can access some equity you may want to consider high cashflow options such as U.S. Property, or…[Read more]

]]> b157d6cec1a525a9f970a760eb2de012 lauriek replied to the topic Filing your taxes in the US in the forum Overseas Deals https://www.propertyinvesting.com/topic/5007636-filing-your-taxes-in-the-us/#post-5007963 Thu, 28 May 2015 00:42:40 +0000 I’m pretty sure that non resident aliens cannot efile.

Quite often an ITIN can be substituted for a SSN.

]]> d624d789a89fa5f917faf8c154014191 lauriek replied to the topic Michael Yardley property mentor and the Wealth Retreat ? in the forum Help Needed! https://www.propertyinvesting.com/topic/5007478-michael-yardley-property-mentor-and-the-wealth-retreat/#post-5007961 Thu, 28 May 2015 00:33:58 +0000 I’ve listened to him on the podcast called “Real Estate Talk” He appears to know his stuff.

]]> 25f50f2b7f24180135c3244b658e1785 lauriek replied to the topic U.S. Investor - Filing Requirement for BEA in the forum Overseas Deals https://www.propertyinvesting.com/topic/5007303-u-s-investor-filing-requirement-for-bea/#post-5007773 Sun, 24 May 2015 01:37:12 +0000 Lachlan McPherson is now here http://casacapitalgroup.com/

]]> e812fc6456374835a743b6c7692af6b0 lauriek replied to the topic U.S. Investor - Filing Requirement for BEA in the forum Overseas Deals https://www.propertyinvesting.com/topic/5007303-u-s-investor-filing-requirement-for-bea/#post-5007535 Mon, 18 May 2015 23:15:21 +0000 David, How did you file the BE-15 ? Did you mail it or were you able to e-file ?

Ben, U.S. Invest were hounding me too. I never went with them because they gave me a bad vibe, very pushy :( Sorry to hear you got burnt by the scumbags.

]]> daef2fccad1664e6e4368e3e118bc391 lauriek replied to the topic U.S. Investor - Filing Requirement for BEA in the forum Overseas Deals https://www.propertyinvesting.com/topic/5007303-u-s-investor-filing-requirement-for-bea/#post-5007385 Wed, 13 May 2015 22:43:58 +0000 Thanks Ben & Nigel for the responses:)
Ben, it’s not a proposed investment. I bought a house in Ohio about 14 months ago, and just recently bought a block of 7 units (also in Ohio). I have found a great U.S. based tax specialist (E.A.) whos’ been great. The Aussie “Investment Group” have advised to file a BE-15 Claim for Exemption.
From my own…[Read more]

]]> 701b50d3944e538e0624c06895398837 lauriek changed their profile picture https://www.propertyinvesting.com/activity/p/314758/ Tue, 12 May 2015 00:07:22 +0000 b833a685114c0ed34bbcda411f51221d lauriek started the topic U.S. Investor - Filing Requirement for BEA in the forum Overseas Deals https://www.propertyinvesting.com/topic/5007303-u-s-investor-filing-requirement-for-bea/ Mon, 11 May 2015 23:51:26 +0000 What are the requirements by the Bureau of Economic Analysis in regard to Australians purchasing investment property in the U.S. through LLC’s
Do we need to lodge a BE-15 Claim for exemption ?
What about a BE-12 every 5 years ?

I’ve received conflicting information regarding this ranging from
1. Not required to file unless contacted by BEA
to
2.…[Read more]

]]> aa315d04cae3ca83af116840f44260ce lauriek replied to the topic High yield NZ - advice please? in the forum Overseas Deals https://www.propertyinvesting.com/topic/5007275-high-yield-nz-advice-please/#post-5007298 Mon, 11 May 2015 18:17:54 +0000 Based on the figures you’ve given I came up with the following
Gross – 21.7%
Net – 15.1%
Net Cashflow – $4,544 pa
I based this on insurance of $500 and annual maintenance of $500, not having to pay a property manager also helps the bottom line a little.
These figures are very similar to a property I bought in the U.S.A.
GRM – 4.6
DSCR (I/O) -…[Read more]

]]> 877a7f10e67742ce849c835e5a8ffe3e lauriek replied to the topic seperate electrical meters in the forum Help Needed! https://www.propertyinvesting.com/topic/5006908-seperate-electrical-meters/#post-5007293 Mon, 11 May 2015 14:05:50 +0000 You most certainly CAN get a separate electrical supply for a granny flat, you don’t need to subdivide.
1. Apply for an NMI for the new residence from an energy retailer eg. Origin
2. Apply for a “permission to connect” from whoever controls the poles & wires eg. Endeavour Energy.
3. Done

]]> 0828064c75e5653ae968f6a090988c52 lauriek replied to the topic Recommendations for someone to help apply for a U.S. ITIN and file a W-7 in the forum Overseas Deals https://www.propertyinvesting.com/topic/5003114-recommendations-for-someone-to-help-apply-for-a-u-s-itin-and-file-a-w-7/#post-5003123 Fri, 06 Mar 2015 07:02:45 +0000 Hi David,
try out http://www.coannahfinancial.org/
Her name is Tammy Kemp, she is an EA. I found her to be very helpful, knowledgeable and most of all patient with my one million questions.

Regards
Laurie

]]> 063f0758965e19cf2869880e06c971d6 lauriek replied to the topic How to find blocks of units? in the forum Creative Investing https://www.propertyinvesting.com/topic/4991254-how-to-find-blocks-of-units/page/2/#post-5003095 Thu, 05 Mar 2015 14:23:10 +0000 Please see my post in “Overseas Deals” regarding unit block purchase.

]]> 1c30e2ad2c4037c5ddf3bbef6833e657 lauriek replied to the topic how to borrow more / unlimted finance in the forum Finance https://www.propertyinvesting.com/topic/5001083-how-to-borrow-more-unlimted-finance/#post-5002080 Thu, 19 Feb 2015 13:41:33 +0000 Your blood supply has stopped flowing and gangrene is setting in.

Futility is continuing to do the same thing and expecting a different result. Your system has led you to a brick wall yet you continue to defend it. Looks like your need to be right is damaging your ability to grow. So what’s the plan now, sit back and wait for all your negatively…[Read more]

]]> 9a385fbf796020a363c70312c2db3589 lauriek replied to the topic how to borrow more / unlimted finance in the forum Finance https://www.propertyinvesting.com/topic/5001083-how-to-borrow-more-unlimted-finance/#post-5002080 Thu, 19 Feb 2015 13:41:33 +0000 Your blood supply has stopped flowing and gangrene is setting in.

Futility is continuing to do the same thing and expecting a different result. Your system has led you to a brick wall yet you continue to defend it. Looks like your need to be right is damaging your ability to grow. So what’s the plan now, sit back and wait for all your negatively…[Read more]

]]> b54659ac0135bdd607d6ed416f5e08fe lauriek replied to the topic how to borrow more / unlimted finance in the forum Finance https://www.propertyinvesting.com/topic/5001083-how-to-borrow-more-unlimted-finance/#post-5001976 Thu, 19 Feb 2015 00:43:03 +0000 You really need to stop thinking about equity and capital growth properties until you get your cash flow sorted, that will get you back in the game.
If you have significant equity in a property then perhaps consider selling it and getting something that’s Very positively geared, think granny flats or U.S. property or even commercial property.…[Read more]

]]> 2f05369a07fa65e593a35982bda3ed0c lauriek replied to the topic how to borrow more / unlimted finance in the forum Finance https://www.propertyinvesting.com/topic/5001083-how-to-borrow-more-unlimted-finance/#post-5001976 Thu, 19 Feb 2015 00:43:03 +0000 You really need to stop thinking about equity and capital growth properties until you get your cash flow sorted, that will get you back in the game.
If you have significant equity in a property then perhaps consider selling it and getting something that’s Very positively geared, think granny flats or U.S. property or even commercial property.…[Read more]

]]> 84db37fa1f4ceae1f24a055d523d80d9 lauriek replied to the topic property manager sydneys west in the forum Help Needed! https://www.propertyinvesting.com/topic/5000977-property-manager-sydneys-west/#post-5001055 Fri, 13 Feb 2015 19:59:45 +0000 I’d recommend Pretti at Green Valley, they’re very pro landlord and efficient with inspections etc.

]]> 3df32e1b0ad5cbad74b1b400c5916c3e lauriek replied to the topic Experiences with US Accountants in the forum Overseas Deals https://www.propertyinvesting.com/topic/4999735-experiences-with-us-accountants/#post-4999936 Tue, 03 Feb 2015 16:04:19 +0000 I found Tammy from coannahfinancial.org to be very knowledgable and helpful

]]> 3b8d8dac923f696c75ab0a9977e97edc lauriek replied to the topic US Florida Loan in the forum Overseas Deals https://www.propertyinvesting.com/topic/4999918-us-florida-loan/#post-4999934 Tue, 03 Feb 2015 13:26:02 +0000 Do you have a risk management strategy?
Putting al your eggs into the one basket can lead to a whole world of pain, I’m sue a lot of investors who put everything into the high yield North Dakota market are feeling a bit queasy right now.

Invest with your head.

]]> 33298f722e4196df0e9d3dedd231953f lauriek replied to the topic Cleveland USA Rental Properties - looking to liquidate in the forum Overseas Deals https://www.propertyinvesting.com/topic/4997358-cleveland-usa-rental-properties-looking-to-liquidate/#post-4999320 Thu, 15 Jan 2015 13:40:04 +0000 I sent you a pm lotte74, I may be interested.

]]> ccfe8602ddf3d8201868205445646a00 lauriek became a registered member https://www.propertyinvesting.com/activity/p/304740/ Wed, 14 Jan 2015 12:55:37 +0000