PropertyInvesting.com | learay | Activity https://www.propertyinvesting.com/members/learay/activity/ Activity feed for learay. Sun, 12 Apr 2026 13:54:40 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 1559d9e6525dcaee14115d090db4c614 learay replied to the topic MYOB Chart of Accounts in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4381945-myob-chart-of-accounts/#post-4527929 Sun, 11 Sep 2005 05:10:00 +0000 Thanks for the further advise. Have been looking into it further and it seems that, for us, the most convenient would be using job numbers. Perhaps I have to “train” our accountant a bit more on job numbers?

Ray

To begin and not succeed is not to fail
To never try is to fail

]]> ebac46b6b8e2afa672e038c107661a80 learay replied to the topic MYOB Chart of Accounts in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4381945-myob-chart-of-accounts/#post-4527926 Wed, 31 Aug 2005 08:01:09 +0000 Thanks for the reply. I had a similar problem as this with a business some years ago that had multiple streams and unfortunately MYOB staff couldn’t help, but I’ll try them again.

Ray

To begin and not succeed is not to fail
To never try is to fail

]]> 408554356a09883ccb55ad3d38b79818 learay replied to the topic Don't always believe the agents in the forum General Property https://www.propertyinvesting.com/topic/4381946-dont-always-believe-the-agents/#post-4527933 Wed, 31 Aug 2005 07:57:24 +0000 Thanks for your reassuring comments.

All applicants for the property had to complete Tenant Application forms and we checked employment, rental and personal references (of course all references were considered with some level of scepticism as, unfortunately, too often they don’t always tell you the whole truth!). In addition, as all applicants…[Read more]

]]> 1c5a33190daef51f38d6440e82826515 learay replied to the topic Houses in ouyen in the forum Help Needed! https://www.propertyinvesting.com/topic/4380847-houses-in-ouyen/#post-4520560 Wed, 22 Jun 2005 11:09:39 +0000 We have a property in Donald.

Unfortunately these Wimmera towns are experiencing substantial decline at present and unless there is a great turn around witht he drought there may be more to come.

Homes in these areas can be quite inexpensive to purchase and some are obtaining great returns.

You do need to be extremely cautious though as many…[Read more]

]]> c7568f5f285a7294f1fee9e24e7a0915 learay replied to the topic Student Accommodation Facilities in the forum Help Needed! https://www.propertyinvesting.com/topic/4379860-student-accommodation-facilities/#post-4513238 Mon, 25 Apr 2005 00:04:59 +0000 Prop is in Victoria, hence, the need to keep room numbers below 5.

Ray

To begin and not succeed is not to fail
To never try is to fail

]]> 8c73f8af56e394d027d3f6a195175cd3 learay replied to the topic RPData for Victoria in the forum Help Needed! https://www.propertyinvesting.com/topic/4375082-rpdata-for-victoria/#post-4483568 Wed, 21 Jul 2004 11:14:37 +0000 Thanks Jo,

For a while thought I’d miss-read previous ventures into RP. Will have a look see at Domain and see how I go

Ray

To begin and not succeed is not to fail
To never try is to fail

]]> eca6dbd7054d6bfce6646fb234e1ffbe learay replied to the topic Using Buyer Beware templates in the forum No Subject https://www.propertyinvesting.com/topic/4374390-using-buyer-beware-templates/#post-4478693 Wed, 16 Jun 2004 10:08:37 +0000 Thanks for teh responses. Much appreciated.

Unfortunately, the properties we looked at over the weekend (and only 1 was suitable) all worked out marginally CF- (around 0.07% for us) so we’ll be continuing the search.

Looks like we;ll have to go further from Melb than we had first thought necessary – but gives us great excuses for weekend…[Read more]

]]> 0316c02c08fff33e37132a1e69f7a128 learay replied to the topic Go West........... of Victoria in the forum General Property https://www.propertyinvesting.com/topic/4374085-go-west-of-victoria/#post-4476428 Fri, 04 Jun 2004 23:23:33 +0000 Thanks for responses to my query.

I appreciate that not everyone is after CF+ prop but we are looking to “concentrate” on these in short term to provide a “solid financial base” starting out.

I agree with your assessment of Melton values. Provided the property wasn’t bought overpriced as some PPOR ones are (even today) there is sufficient scope…[Read more]

]]> ba55f529c38e80179305b33129b8c3e9 learay replied to the topic Positive Cashflow Calculator in the forum Help Needed! https://www.propertyinvesting.com/topic/4372340-positive-cashflow-calculator/page/3/#post-4463593 Tue, 01 Jun 2004 23:19:54 +0000 Hi Jaffa,

I know this post is becoming a bit old now but only a “new arrival”.

Have just downloaded your calculator and without having chance yet to really play it looks very impressive – great job.

I’ve only received “Buyer Beware” yesterday and this is a comment /suggestion I have for Steve re that as well; there is no provision where…[Read more]

]]> f7a924870e2073cd84fca92717554c98 learay replied to the topic Go West........... of Victoria in the forum General Property https://www.propertyinvesting.com/topic/4374085-go-west-of-victoria/#post-4476424 Mon, 31 May 2004 23:53:42 +0000 fjficm,

I admit to being new to all this (relatively) but I’ve been trying to work out how the property you mentioned in this forum is CF+. For the life of me I can’t. Would welcome any explaination as I’m currently looking for IP’s but with what appears to be much more +CF than yours. If I’m wrong and your prop is CF+ then I will be learning a…[Read more]

]]> e16df4f4468bc6bc1d8ee9a0360e485a learay replied to the topic Go West........... of Victoria in the forum General Property https://www.propertyinvesting.com/topic/4374085-go-west-of-victoria/#post-4476422 Sat, 29 May 2004 12:44:57 +0000 Welcome to the West World.

We’re in Melton and have been for many years.

Whilst prices have increased considerably since we moved here in about 1982, there are not many bargains (as far as Melton market in concerned) now a days.

My first house cost $46,000, second $66,000 (sold for $101,000 about 2 yrs later), third $163,000 (sold for $175,000…[Read more]

]]> 258b193de0a8b636979429739b099b81 learay replied to the topic Using equity! Is this how it works?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4374008-using-equity-is-this-how-it-works/#post-4475848 Fri, 28 May 2004 02:21:40 +0000 Thanks Steven

Ray

To begin and not succeed is not to fail
To never try is to fail

]]> e4662a65f7c613ec46f4c1e6a5668513 learay replied to the topic Using equity! Is this how it works?? in the forum No Subject https://www.propertyinvesting.com/topic/4374008-using-equity-is-this-how-it-works/#post-4475846 Thu, 27 May 2004 23:58:13 +0000 Thanks Derek

All much clearer and more comfortable. Trick now is to find relevant IP’s. Would you suggest having full extent of LOC available before searching or extend LOC once we’ve begun the journey?

Ray

To begin and not succeed is not to fail
To never try is to fail

]]> 5c39f1fcb68999aa851dee2ecf565413 learay replied to the topic Using equity! Is this how it works?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4374008-using-equity-is-this-how-it-works/#post-4475844 Thu, 27 May 2004 10:13:37 +0000 Sorry to jump into this one folks but I’m now a little concerned that perhaps I’ve misunderstood our situation. (thank god we haven’t moved forward yet)

we have an existing line of credit of around $25000, of which we have used around $12000. As our PPOR was last valued at around $150000 i take it that we have un-tapped equity of $95000…[Read more]

]]> 6e8ca57f52d289f43a30230acd876764 learay replied to the topic Could this be You? 1 in 7... in the forum Heads Up! https://www.propertyinvesting.com/topic/4373966-could-this-be-you-1-in-7/#post-4475465 Thu, 27 May 2004 05:46:16 +0000 At this stage just seeing whats around under teh “11 second solution” (rareties). Given our budget it would appear to be (at the moment) rural Vic or Bundaberg area (based on future proximity). we’re only kicking ourselves that we didn’t take some “gambles” last year when we were there as prices were around 20-50% lower. Oh well, “he who hesitates…[Read more]

]]> aeb93a311b693dffb5ab58f17103e18f learay replied to the topic Could this be You? 1 in 7... in the forum Heads Up! https://www.propertyinvesting.com/topic/4373966-could-this-be-you-1-in-7/#post-4475463 Wed, 26 May 2004 22:53:09 +0000 Lizzie & Kay

Thanks for comments.

Planning to move to Bundaberg (had been Bergara until prices went through the roof). Loved Cairns when we were up there last year but bit too far from aging parents and other family.

Due to (unfortunately) changing circumstances we may now have to put our move off a bit. As a result we may look further to…[Read more]

]]> d62fe8ca80ebe15f300a7501212db7ba learay replied to the topic Prices falling Investors running away in the forum General Property https://www.propertyinvesting.com/topic/4373983-prices-falling-investors-running-away/page/2/#post-4475596 Wed, 26 May 2004 05:32:49 +0000 isn’t it the responsibility of an astute investor to prepare for the changes ahead so that when the market falters he should be positioned to take maximum advantage? I’d be surprised if interest rates go over 10% within next couple of years but am working to place myself to capatalise on those that aren’t prepared for it.

]]> 6312338b8c1456dea8e9ef3055e4a5c9 learay replied to the topic Could this be You? 1 in 7... in the forum Heads Up! https://www.propertyinvesting.com/topic/4373966-could-this-be-you-1-in-7/#post-4475460 Tue, 25 May 2004 06:07:55 +0000 just looking thru forum and came upon this topic and wondered whether there was a concencus on whether it was better to accumulate investment properties while renting or owner occupying. We too are considering a move to the warms and are undecided what would be best – sell our existing residence in Melb and rent in QLD while applying capital to…[Read more]

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