PropertyInvesting.com | lea | Activity https://www.propertyinvesting.com/members/lea/activity/ Activity feed for lea. Sun, 12 Apr 2026 16:50:54 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 723f6227426d12a9b9b2fcf28934e179 lea replied to the topic Advice Needed on Existing IPs Please in the forum Help Needed! https://www.propertyinvesting.com/topic/4410848-advice-needed-on-existing-ips-please/#post-4700127 Mon, 24 Mar 2014 01:24:56 +0000 Thanks for your response, Terry. The properties are all in or around Adelaide. I'm not sure that same law applies in terms of stamp duty in South Australia, unless it's been court ordered, so I think he would need to pay stamp duty on the full purchase price.

]]> 05eb5b2d2497266dbaf2edd29d2f0def lea replied to the topic Advice Needed on Existing IPs Please in the forum Help Needed! https://www.propertyinvesting.com/topic/4410848-advice-needed-on-existing-ips-please/#post-4700125 Mon, 24 Mar 2014 01:03:30 +0000 Thank you all so much for your replies. We have discussed our situation at length, read through your opinions here, and discussed options with our accountant. I'm personally reluctant to pay out so much money to the govt and real estate agents in fees/charges. So here's what we came up with in the end:

1) move into the hubby's monster-overpriced…[Read more]

]]> ebb4f7e0630688b05b09d8df3de26210 lea replied to the topic 6 Units on one title - no strata, country zoning... help in the forum Finance https://www.propertyinvesting.com/topic/4390303-6-units-on-one-title-no-strata-country-zoning-help/#post-4571175 Thu, 26 Jul 2007 09:45:33 +0000 Quote:
"Should be a walk in the park".

Yes. It should be. It's not.

Quote:
"Done deals like this in the last fortnight"

Great. Good for you. I'm pleased you're so well-versed in these matters. I'm not here just to advertise myself like so many others seem to be. I'm here to learn as well. That's another reason why I asked the question.…[Read more]

]]> 2b8d0e519f774a9b7bf262355a89ff62 lea replied to the topic Should I pay $3300 LOC App fee for 0.35% discount? in the forum Finance https://www.propertyinvesting.com/topic/4386896-should-i-pay-3300-loc-app-fee-for-0-35-discount/#post-4555196 Thu, 26 Jul 2007 04:38:54 +0000 RateBusters is owned by the same owners as Assured Home Loans – based in Adelaide's north-western suburbs.They count on the fact that most people want to refinance (or sell) before the usual 4 years anyway, so you've not covered the exorbitant cost of the set up AND you cop a penalty for paying it out before their 5 years.Go and barter/negotiate…[Read more]

]]> d0f4130697c723ee29601d7ea6e76130 lea replied to the topic Answers to "Where to Find CF+ Deals" in the forum No Subject https://www.propertyinvesting.com/topic/4384472-answers-to-where-to-find-cf-deals/page/7/#post-4541992 Mon, 12 Feb 2007 09:18:11 +0000 Hi,

I wonder why Marc thought mine was a negative post? I aimed my post at providing the frustrated cynics something to perhaps turn their negative thoughts into something a little more positive and constructive.

I quote from my own post:

These are not ideal properties and I probably wouldn’t shop this way personally – but the question from the…[Read more]

]]> 539193b067a304d6a01ae499b3585171 lea replied to the topic Answers to "Where to Find CF+ Deals" in the forum No Subject https://www.propertyinvesting.com/topic/4384472-answers-to-where-to-find-cf-deals/page/7/#post-4541988 Sun, 11 Feb 2007 04:40:17 +0000 Hi all,

To all those frustrated cynics who believe CF+ properties are impossible or too hard or can’t be done – there is no such thing as a magic button to press and BAM instant easy money. You really have to work out what’s important to you. It’s not impossible. It’s not even that hard. It just depends on what your mindset is like right now.

So…[Read more]

]]> 81a29287d63f308600296c43b4d12327 lea replied to the topic Any investors in SA? in the forum No Subject https://www.propertyinvesting.com/topic/4383207-any-investors-in-sa/#post-4535402 Mon, 05 Dec 2005 03:49:13 +0000 Xenia,

Where in Adelaide are you?? I’d be happy to chat to other Adelaide investors! I just can’t seem to find too many right now!

Lea

]]> de3fc28fdf3840943dbad57c1b868e3a lea replied to the topic Market survey Landlord in SA in the forum Help Needed! https://www.propertyinvesting.com/topic/4383133-market-survey-landlord-in-sa/page/2/#post-4534985 Mon, 05 Dec 2005 03:46:38 +0000 Xenia, I never received your survey! Want to send it over again please??

colby_lee@iprimus.com.au

Thanks
:)
Lea

]]> 597d1a51e7891ddd580d496a5434bb33 lea replied to the topic Any investors in SA? in the forum Help Needed! https://www.propertyinvesting.com/topic/4383207-any-investors-in-sa/#post-4535400 Mon, 21 Nov 2005 03:04:20 +0000 I’m in Adelaide too! I’d be happy to chat!

:)
Lea

]]> fca915128f311bc7caf81b521cbb6065 lea replied to the topic Pre Nups .. do they protect us ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4382230-pre-nups-do-they-protect-us/page/4/#post-4529670 Mon, 21 Nov 2005 02:32:24 +0000 I don’t know if this tale will help your question or not – but here’s what happened to me.

I had my own properties before I got married. He had only one run-down thing that he lived in. We got married and built the ‘dream family home’. He promised right from day one that he was never interested in taking what was already mine before we even met.…[Read more]

]]> c63b344bd54400066aaa8729c2bc0035 lea replied to the topic Why is everyone telling me 'NO'? in the forum Help Needed! https://www.propertyinvesting.com/topic/4380106-why-is-everyone-telling-me-no/#post-4515107 Mon, 09 May 2005 13:23:11 +0000 Thanks everyone. You’re all great. I’m glad I asked on the forum rather than listen to my family.

I got the property I wanted. I paid $81,450.(gotta love those daggy Adelaide prices, huh?) The tenant signed a 12 month contract at $140 per week. Settlement is 31st May.
[biggrin]

The rental agent provided me with a print out of the rental history…[Read more]

]]> 436c0ed6b95c5bd87a286dd5962dacac lea replied to the topic Why is everyone telling me 'NO'? in the forum Help Needed! https://www.propertyinvesting.com/topic/4380106-why-is-everyone-telling-me-no/#post-4515097 Sun, 08 May 2005 02:31:11 +0000 Originally posted by The Mortgage Adviser:
The idea behind interest only and using offset accounts to park anything above the interest expense is mainly to provide flexibility. The effect will be exactly the same as if you were paying principal and interest including the taxation benefits if you do not spend the money sitting in the offset…[Read more]

]]> e8173fcf75f1babefcbe701ea5142cc0 lea replied to the topic What do you think of this idea in the forum Creative Investing https://www.propertyinvesting.com/topic/4375516-what-do-you-think-of-this-idea/#post-4486809 Sat, 07 May 2005 08:04:16 +0000 I read an investing book somewhere years ago (I think it might have been Anita Bell) and she suggested rewarding good tenants on a regular basis.

I started this a couple years ago and WOW!! It really works!

Basically, every Christmas, I take them all nice little baskets of goodies with a “Thank You” Card – not a christmas card. I thank them for…[Read more]

]]> dcae33a91d1fec9d03174611b66a02ce lea replied to the topic Why is everyone telling me 'NO'? in the forum Help Needed! https://www.propertyinvesting.com/topic/4380106-why-is-everyone-telling-me-no/#post-4515094 Sat, 07 May 2005 07:53:46 +0000 Thanks heaps everyone. The people around me are a mix of investors and non-investors. Everyone without exception is saying don’t do it. I have no idea why they’d be jealous of anything I do. I’m just a regular nobody.

So you guys are the only ones saying ‘go for it’. Thanks. :)

Originally posted by The Mortgage Adviser:
People are generally…[Read more]

]]> 46dc76c8e0f4308f9ac7ff209efc3fc9 lea replied to the topic Why is everyone telling me 'NO'? in the forum Help Needed! https://www.propertyinvesting.com/topic/4380106-why-is-everyone-telling-me-no/#post-4515090 Sat, 07 May 2005 01:00:51 +0000 It’s northern Adelaide metropolitan suburbs. Lending maximum is 90% there according to my bank, however, I only need to use 78% (I have deposit for remainder and fees)

I’ve been pre-approved for a mortgage for this intended place for a principal and interest loan with an interest rate of 6.62%

Thanks for the tip, though.

Lee

]]> 8c6c0fdc63c928ad3d9e5f3812c07f80 lea replied to the topic All RAISING RENT TIPS HERE PLEASE!!! in the forum Creative Investing https://www.propertyinvesting.com/topic/4379705-all-raising-rent-tips-here-please/#post-4512408 Thu, 14 Apr 2005 10:14:00 +0000 Hmmm… I’m still learning here, but these are some things I’ve done to get the rental incomes up in the past:

— built a pergola/outdoor entertaining area
— upgraded air conditioning unit
— replaced old carpets
— installed a dishwasher
— replaced tired old blinds
— re-planted easy-care conifers around perimeters where previously was lawns…[Read more]

]]> e895841ac188d57d12230fb81e0a47a8 lea replied to the topic Too Little Too Late! in the forum Help Needed! https://www.propertyinvesting.com/topic/4379445-too-little-too-late/#post-4511079 Thu, 14 Apr 2005 09:57:22 +0000 Hi Angel,

Is there any way to can restructure your mortgages to suit your situation?

I recently got divorced and managed to keep only two of our rental properties (plus another one for me to live in). Because of my new single status, I restructured my mortgages to still be able to pay the principal down on each loan, but reduce the payments (and…[Read more]

]]> e1dbefd1b9a70844e7967fb2dc6f84bd lea replied to the topic Lo-Doc Lenders for 23 properties in the forum Finance https://www.propertyinvesting.com/topic/4371029-lo-doc-lenders-for-23-properties/#post-4453011 Thu, 05 Feb 2004 08:02:00 +0000 Stuart Wemyss wrote:

I’m a bit confused.

You say “his income + rentals no longer services the full debt“.

Don’t you have a legal and ethical responsibility to ensure your client can afford the debt before helping him?

Yes, Stu. I do.

His 2002 financials show that his taxable income is not as high as his 2003 financials will be. As the…[Read more]

]]> 151a5879b55f9a5ff248141075d521fa lea replied to the topic Lo-Doc Lenders for 23 properties in the forum Finance https://www.propertyinvesting.com/topic/4371029-lo-doc-lenders-for-23-properties/#post-4453010 Thu, 05 Feb 2004 07:33:25 +0000 Originally posted by Terryw:
You’re not going to get too far with standard low docs. GE has a maximum lend or $800,000 per borrower and PMI $750,000 per borrower for total loans when using a low doc.

I’m in South Australia. GE and PMI have lower limits for us than for you guys in the eastern states. I’m maxed at $700,000 GE and $600,000 with…[Read more]

]]> 207d562a0d32df1d17f1bc0e32b4762c lea replied to the topic Lo-Doc Lenders for 23 properties in the forum Finance https://www.propertyinvesting.com/topic/4371029-lo-doc-lenders-for-23-properties/#post-4453005 Thu, 05 Feb 2004 00:50:32 +0000 Thanks for the suggestion Nat. I’ve maxed out GE and PMI. I’ve also found two regular banks at 75% with no LMI. (ABL and ING)

I’ve used St George, but at a 65% LVR client is not thrilled. He wanted higher LVR’s.

I’ve got two non-conforming lenders thinking about it – but again, GE won’t play, coz of the MI already involved. Again, client is not…[Read more]

]]> 831f7768f2f9287db7adc8dfbae25f75 lea replied to the topic Does buying IP stop me from FHOG? in the forum General Property https://www.propertyinvesting.com/topic/4371022-does-buying-ip-stop-me-from-fhog/#post-4452965 Thu, 05 Feb 2004 00:29:00 +0000 Originally posted by skidaveski:
I am thinking of starting off by buying IP. Now I realise I don’t get FHOG for these, but when I come round to purchasing a property that I will live, am I still entitled to the FHOG at that point?
Cheers!

Honestly, I would check with your local Revenue dept. In South Australia, the FHOG application front page…[Read more]

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