PropertyInvesting.com | Laury | Activity https://www.propertyinvesting.com/members/laury/activity/ Activity feed for Laury. Sun, 12 Apr 2026 00:22:32 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 f6312e6aed04c27a1917a0c5968a4e29 Laury replied to the topic If I were a millionaire.... in the forum Forum Frolic https://www.propertyinvesting.com/topic/4401254-if-i-were-a-millionaire/page/2/#post-4632186 Thu, 12 Jul 2012 14:24:12 +0000 Does being a mil in debt make me a millionairre?  if so I think I will pass!  Theoretically in a few years time I will be a millionaire and I will be doing the same as now – chipping away at a big assed collection of mortgages!

]]> 3be997ec1b2c09e03febddda19edd421 Laury replied to the topic What about Kalgoorlie? in the forum General Property https://www.propertyinvesting.com/topic/4406227-what-about-kalgoorlie/#post-4666680 Fri, 11 May 2012 12:51:52 +0000 Wisdom of hindsight – wish I had invested in Kal 3 years ago instead of Robina – bank valuation just dropped 135K, now my debt is bigger than my asset!  Oh well they say you only lose money when you sell so I guess I will own a little piece of Qld for a bloody long time now!PS love the spirited debate!

]]> 85f2780058dc1954dd7ebe664804ae23 Laury replied to the topic Whats happening in Queensland? in the forum General Property https://www.propertyinvesting.com/topic/4406506-whats-happening-in-queensland/#post-4669133 Mon, 07 May 2012 14:08:14 +0000 Hmm food for thought, still its not a loss until sold at a loss!  I was originally encouraged to seek a diverse portfolio with property in different states but there is alot to be saidd for sticking to the area one knows best,  As a rent increase or capital growth is not likely in the short term I will sit back and focus on the benefits of n…[Read more]

]]> ed059cfbbb875c7d659490a1ed7ca2ca Laury replied to the topic Just bought our third in the forum Help Needed! https://www.propertyinvesting.com/topic/4406505-just-bought-our-third/#post-4669128 Mon, 07 May 2012 13:34:49 +0000 Thanks for the feedback Derek.  As nice as Perth is, I am 100% country boy and would seek a change of career before returning to metro service,  Unless I do something really stupid I should have Govt housing for next 20 years!

]]> 976a31bbac281b1bf1a1efbd388f933b Laury replied to the topic Just bought our third in the forum Help Needed! https://www.propertyinvesting.com/topic/4406505-just-bought-our-third/#post-4669125 Fri, 04 May 2012 22:52:49 +0000 No I dont have any non-deductable debt at all. While the govt is providing me with accomodation I am pouring all my efforts into IP.  I dont think I will be purchasing another for 12-24 months but the long term plan is a portfolio of about 6. I am not 100% sure whether I will need to access the equity. Definitely not in the short term but in the…[Read more]

]]> 85e0e0e1a5e3a13d0d8dbb42f4730ac4 Laury replied to the topic Question on my next step forward in the forum Help Needed! https://www.propertyinvesting.com/topic/4406402-question-on-my-next-step-forward/#post-4668184 Fri, 04 May 2012 22:30:32 +0000 I certainly dont have the experience of the previous forumites but selling would be a extremely backwards step. By the time all the commisions and taxes etc come out of a property sale you end up with a much smaller cheque that you anticipated. Restructure the loan to generate some extra cash flow and then smash that 40K debt coz that is whats…[Read more]

]]> 921e4dfebb19c0bd9690279a5e21b7ac Laury replied to the topic First time buyer with questions... in the forum Help Needed! https://www.propertyinvesting.com/topic/4406504-first-time-buyer-with-questions/#post-4669121 Fri, 04 May 2012 22:16:55 +0000 The theory is that a broker will do all the running around for you and secure the best deal available, however if that was the case the majority of all brokers business would go to one bank in any given situation. It doesnt. Five brokers will give five different answers.  I think that it really comes down to time. If you have the time to spend on…[Read more]

]]> 7fdca3a3eac148535892b55b61335011 Laury replied to the topic Tambrey apartments in Karratha in the forum Wow - what a tale of woe!  https://www.propertyinvesting.com/topic/4401289-tambrey-apartments-in-karratha/page/2/#post-4632436 Tue, 03 Apr 2012 16:20:31 +0000 Wow – what a tale of woe!  I sympathise with anyone that tied up in this mess and I certainly will be extremely cautious if ever tempted to buy off a plan!

]]> 7868380859ce74f48c65e26cd7b1dae3 Laury replied to the topic Property versus other investment in the forum Help Needed! https://www.propertyinvesting.com/topic/4406172-property-versus-other-investment/#post-4666130 Mon, 02 Apr 2012 03:56:44 +0000 Here's a curve ball for you – get out of the city!  Keep your property up there as an investment and have a look at some country towns – cheap housing good facilities – if you pick the right town, and always a high demand for vets! You will soon become part of the community and build a support network for your 2 person family and who knows you…[Read more]

]]> eb5b0126060878da6d4fe4fa33e031d6 Laury replied to the topic Best rental agents in Perth in the forum Help Needed! https://www.propertyinvesting.com/topic/4405325-best-rental-agents-in-perth/#post-4659787 Mon, 02 Apr 2012 03:47:54 +0000 "Also if they have had experience dealing with bad tenants and have had successful outcomes, as my houses are in Nollamara… i am expecting the possibility of having tenants that may wish to deviate from the rental agreement."Hey just because the suburb had/has some less than desirable tenants in it doesnt mean you have to rent your property to…[Read more]

]]> daf203724ef4602ba06bf123bc103221 Laury replied to the topic Great house in upcoming suburb, but very little land - still worth it? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406215-great-house-in-upcoming-suburb-but-very-little-land-still-worth-it/#post-4666562 Mon, 02 Apr 2012 03:38:03 +0000 If I was buying a rental property – the less land the better. Less gardens to maintain or repair and ditto for paving etc.If I was buying something to live in then it is a different story all together. I like my space.  Look at your goals for the property and work from there

]]> 57e6d30c18b3311ebc9bb401032f84ac Laury replied to the topic What type of vehicle do you have ?? in the forum Opinionated! https://www.propertyinvesting.com/topic/4381491-what-type-of-vehicle-do-you-have/page/20/#post-4525031 Mon, 02 Apr 2012 03:15:51 +0000 I always dreamed of owning a Range Rover, then I sat in one (oldish) and discovered that my XXL frame did not fit comfortably in it. I have short arms and deep pockets so spending big$$ on a new car will never happen. very happy with my 80 series cruiser and toyota Aurion (looks like grandads car, goes like a startled gazelle).  Like many others…[Read more]

]]> 9c3f9c51b15d9dcf6cc1a57749f99d48 Laury replied to the topic I want real info, not just a glossy picture in the forum Opinionated! https://www.propertyinvesting.com/topic/4405995-i-want-real-info-not-just-a-glossy-picture/#post-4664719 Sat, 03 Mar 2012 01:53:08 +0000 Man up or stay with TICAlways liked someone who calls a spade a spade!THanks NHGfor the links

]]> 496c6cdce025dfcf3260185153b660ff Laury replied to the topic The big property price crash is coming to Australia ??? in the forum Opinionated! https://www.propertyinvesting.com/topic/4404906-the-big-property-price-crash-is-coming-to-australia/#post-4657011 Thu, 01 Mar 2012 13:43:36 +0000 I hope not!

]]> 87fdf2035ec54f3882df3cd11c080c98 Laury replied to the topic Whats better better: House or Apartment ? in the forum Well I reckon you can take https://www.propertyinvesting.com/topic/4404651-whats-better-better-house-or-apartment/#post-4655342 Thu, 01 Mar 2012 13:42:26 +0000 Well I reckon you can take living in the city or burbs and stick it where the sun dont shine!  I will buy my investment properties ther but  give me a few good acres just a few KMs out of a nice country town where I can build the dream, spread my mess and have a bloody huge shed!! 

]]> 09ddd0a9bf6fe89cc8f27861a377ad2d Laury replied to the topic Kevin or Julia in the forum What a collection of bad https://www.propertyinvesting.com/topic/4405947-kevin-or-julia/#post-4664348 Thu, 01 Mar 2012 13:27:32 +0000 What a collection of bad choices! Labour reeling from one cluster to the next, Tony running round in budgie smugglers, taking cheapshots at labour and not actually showing us whether he is capable of running a country, Bob the greenie picking up scraps of power and trying to hold the govt to ransom for his one eyed policies.  Its such a bloody…[Read more]

]]> 2959c28e5da99952415e35157665b2bd Laury replied to the topic negative geary...does it wear off? in the forum PISTORE wrote: Laury https://www.propertyinvesting.com/topic/4405896-negative-geary-does-it-wear-off/#post-4664028 Thu, 01 Mar 2012 13:18:44 +0000 PISTORE wrote:

Laury wrote:
My assumption of neutral gearing is that after you have crunched all the numbers including depreciation etc Mr Taxman chooses not to take a cent off you but in reallity you have actually put a couple of dollars in your pocket.   Please correct me if I am wrong!

Essentially your right. It's about running the books a…[Read more]

]]> 2d1f20b33f6dc73bb9ba32ddff81f773 Laury replied to the topic Where do I start? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405982-where-do-i-start-12/#post-4664647 Thu, 01 Mar 2012 13:06:40 +0000 Thanks KentI like the idea of a systematic approach to finding the 'plums' . My current finance capacity is around $410K on latest assesment and my biggest issue is cash flow with a young family so I am really looking at cash flow neutral/positive with a high occupancy rate.  Ideally I would love to obtain a property for a long term GROH lease…[Read more]

]]> 6ad19b4a023814d11418a16c5cda77f3 Laury replied to the topic If you could buy in ONE suburb where would it be?? in the forum General Property https://www.propertyinvesting.com/topic/4405962-if-you-could-buy-in-one-suburb-where-would-it-be/#post-4664447 Wed, 29 Feb 2012 14:50:26 +0000 Very happy with my unit in West Perth – wish I owned the whole building!If I was buying just for me – 100 acres in Karri country somewhere in the South west of WA with good dams, good horse yards and some serious timber!  Maybe if I buy enough units this will eventually become a reality!Oh and a big shed……….

]]> 7dc2e6f41cbb33fa1c7b399e91e6b66f Laury replied to the topic Where do I start? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405982-where-do-i-start-12/#post-4664640 Wed, 29 Feb 2012 14:38:39 +0000 How do you eat an elephant?……………………….one mouthful at a time.The FreckleClassic!  but first I have to catch and cook the bugger!

]]> f22403dce9e1518d8b8dce41fe8c6bea Laury replied to the topic negative geary...does it wear off? in the forum My assumption of neutral https://www.propertyinvesting.com/topic/4405896-negative-geary-does-it-wear-off/#post-4664018 Wed, 29 Feb 2012 05:31:08 +0000 My assumption of neutral gearing is that after you have crunched all the numbers including depreciation etc Mr Taxman chooses not to take a cent off you but in reallity you have actually put a couple of dollars in your pocket.   Please correct me if I am wrong!

]]> 3f491d1b524b2c8eaf00dfe728152302 Laury replied to the topic Am I really ready for number 3? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405967-am-i-really-ready-for-number-3/#post-4664484 Wed, 29 Feb 2012 05:18:11 +0000 I totally agree with you Sam, I am changing a lifetime's mindset in relation to debt in the space of a few short years.  The only advantage to our parents wisdom is that because of that I have never held a credit card and onoly ever had one car loan!  I am comfortable with increasing our good debt but my wife clings to the spectre of a US h…[Read more]

]]> b80918e1874675c8d6cbf1c62caed8bc Laury replied to the topic QLD Property Market.... Is there hope in sight. in the forum General Property https://www.propertyinvesting.com/topic/4404053-qld-property-market-is-there-hope-in-sight/#post-4650659 Tue, 28 Feb 2012 13:47:30 +0000 THe lease on my Robina unit expired in Jan.  Was only vacant 2 days – thats a positive!  Rent hasn't moved in the 2 years I had it. I was expecting an increase this Jan.  Not sure if property manager being lazy or markest still a little flat.  More homework required I guess!

]]> 9abe2dc17822220d1af54e809296ccb9 Laury replied to the topic negative geary...does it wear off? in the forum Very enlightening https://www.propertyinvesting.com/topic/4405896-negative-geary-does-it-wear-off/#post-4664015 Tue, 28 Feb 2012 13:41:08 +0000 Very enlightening comments.  I agree that negative gearing should eventually turn neutral or positive. The more threads I read, the more I am leaning toward neutral cash flow properties but wherre do I find them (sorry Derek not keen on Karratha)?

]]> 19d2cd1f7288c9ae4003c26daeb9a18e Laury replied to the topic Holiday House / Short Term rentals Perth - Pro's / Cons in the forum I have no experience in this https://www.propertyinvesting.com/topic/4405972-holiday-house-short-term-rentals-perth-pros-cons/#post-4664513 Tue, 28 Feb 2012 13:26:16 +0000 I have no experience in this field but I guess it is all about occupancy rates. From what I have seen when looking for accomodation, ther is the potential to double or treble a rental income but then you need the right agent/advertizing to get maximum occupancy.  There would also be the regular cleaning and maintenence costs and I suspect…[Read more]

]]> da5fd96c984fdde979808192b4b8e0cc Laury replied to the topic Am I really ready for number 3? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405967-am-i-really-ready-for-number-3/#post-4664482 Tue, 28 Feb 2012 13:19:29 +0000 THanks folks for the words of wisdom.  I am very much the have an idea and want to action it type of person but I am learning patience and caution in this game!   Debts a funny thing isnt it? I remember being terrified of borrowing 100K many years ago and now the total figure doesn't seem to matter – its all about cash flow – oh and staying ma…[Read more]

]]> f1f7156bd8b022c134d421392c1ef21c Laury replied to the topic Just bought first IP! in the forum Help Needed! https://www.propertyinvesting.com/topic/4405883-just-bought-first-ip/#post-4663911 Mon, 27 Feb 2012 14:28:40 +0000 Sorry dont have any words of wisdom for you – but congrats on the purchase

]]> a9a2e74698e02f448999c08d7a99e037 Laury replied to the topic Is THE INVESTORS CLUB for real? in the forum Heads Up! https://www.propertyinvesting.com/topic/4385645-is-the-investors-club-for-real/page/3/#post-4548089 Mon, 27 Feb 2012 14:23:48 +0000 I have bought two properties through TIC. Both transactions went very smoothly and both properties have enjoyed a very low vacancy rate. The QLD property has not performed to expectations and rent has been stagnant sincepurchase date, however the property manager seems to do a very good job and it is a no fuss investment.  The west Perth property…[Read more]

]]> 47d7635d23fc7e18f4524e320be4434a Laury replied to the topic Living off Equity concept in the forum Help Needed! https://www.propertyinvesting.com/topic/4405786-living-off-equity-concept/page/2/#post-4663116 Mon, 27 Feb 2012 14:08:35 +0000 Very interesting.  I have bought a couple of properties but always been wary of the LOE concept. It appears that my gut feeling is supported by people with superior knowledge and experience!My wifes gut feeling is that we are not ready to by the next one –  I wonder how can I change her mind……

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