PropertyInvesting.com | leonor | Activity https://www.propertyinvesting.com/members/leonor/activity/ Activity feed for leonor. Sun, 12 Apr 2026 01:05:24 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 492c43f514c8cb537a7f78b235447f76 leonor replied to the topic Interest rate deduction for own home in the forum General Property https://www.propertyinvesting.com/topic/4371721-interest-rate-deduction-for-own-home/#post-4458319 Wed, 03 Mar 2004 12:24:31 +0000 great! why didn’t somebody tell me about this before??
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Leo

]]> 2732a1787f55a77a62964a0a82fbea0f leonor replied to the topic Just starting and anxious to find a property in the forum General Property https://www.propertyinvesting.com/topic/4371712-just-starting-and-anxious-to-find-a-property/#post-4458281 Wed, 03 Mar 2004 12:22:30 +0000 Hi Rugbyfan,
Lithgow property:
purchase price: 200K
rent: 400 p/w (shop+flat)
deposit 10k from equity.
I also looked at a flat with two shops in another regional area, also +, long leases on the shops, but it was more money and out of my price range (300k)
Some commercial property in Capbelltown also +
Cheers,
Leo

]]> 6c4475c7fd306dc13fd28a7caffe490c leonor replied to the topic Alternative Investments to Res IPs in the forum General Property https://www.propertyinvesting.com/topic/4371722-alternative-investments-to-res-ips/#post-4458324 Wed, 03 Mar 2004 12:14:44 +0000 Commercial properties can give much better yield, I am buying one, but there are drawbacks:
*loans are usually 60 to 70% of property value
*if property is vacant, you have to pay GST and register for GST so you can claim it back and also charge GST to tenant
*insurance can be a problem, depending on type of business
Leo.

]]> 861356d4ff3f87ecbdc918dc3289df2a leonor replied to the topic Trusts for an Individual in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4371631-trusts-for-an-individual/#post-4457548 Wed, 03 Mar 2004 12:07:32 +0000 James,
Check with your accountant, but I was advised that if you have a trust you have to pay land tax in your IP, which is 1.7% of the value of the land you hold. In my case, it was going to take a big chunk of my profit!!
Leo.

]]> 4826d3c9f10f99635add1affd96c387e leonor replied to the topic Just starting and anxious to find a property in the forum General Property https://www.propertyinvesting.com/topic/4371712-just-starting-and-anxious-to-find-a-property/#post-4458279 Wed, 03 Mar 2004 11:21:24 +0000 Hi Ben,
I would never buy negative geared property! but that’s me. I am in the process of buying in Lithgow, not far from Sydney, great capital growth last year and positive cashflow. There are many other regional areas in NSW also, and even in Syd. if you research enough and are patient.
Leo.

]]> 7194ef013ba2e17046632edcf9d204dc leonor replied to the topic changes to family trusts? in the forum General Property https://www.propertyinvesting.com/topic/4371599-changes-to-family-trusts/#post-4457350 Mon, 01 Mar 2004 11:19:45 +0000 Thanks all for your feedback! I think we will end up setting one up after all, for asset protection of course![:D]
The other thing is that my accountant said that with a trust I will be liable for land tax. I would not be liable if I bought on my own name!
You can never win!
cheers,
Leo

]]> 3cdcd470e2ca74ef73ccfc7bb8296650 leonor replied to the topic written offer sample form in the forum General Property https://www.propertyinvesting.com/topic/4371146-written-offer-sample-form/#post-4453735 Tue, 10 Feb 2004 06:29:44 +0000 Dear dvane,
Thanks for the info.
I’ve purchased the pack, Hope it helps!
[:)]
Leo

]]> 59ec2f59eac88cbe5ebbd67f9eb350ae leonor replied to the topic written offer sample form in the forum General Property https://www.propertyinvesting.com/topic/4371146-written-offer-sample-form/#post-4453733 Tue, 10 Feb 2004 04:36:04 +0000 I guess not many people use written offers??? [8)]
I suppose I’ll have to write my own [:(]
If somebody out there has one, please get in touch…
Thanks,

Leo

]]> 7d9139ba17c0adb7ce215a5d9d6c79a5 leonor replied to the topic Help! line of credit for investing? in the forum General Property https://www.propertyinvesting.com/topic/4369783-help-line-of-credit-for-investing/#post-4442940 Thu, 04 Dec 2003 04:03:24 +0000 Thanks for that Mel,
But how do you access the equity in your IP?
Cheers,
Leo

quote:
I prefer to have separate loans for my IPs, and one single LOC where I deposit all rent money etc., and have all expenses taken from. As i don’t have a PPOR, this LOC is a 2nd mortgage against one of my IPs.

]]> 048e32ac9c212841171ebf74e809adda leonor replied to the topic Help! line of credit for investing? in the forum No Subject https://www.propertyinvesting.com/topic/4369783-help-line-of-credit-for-investing/#post-4442939 Thu, 04 Dec 2003 03:50:23 +0000 TerryW,
How do you access the equity of your IP? Do you incur loan fees for each new loan? For the separate loans, is this purchase price minus deposit? It seems that you would very quickly run out of money in your LOC this way. I am missing something?
Leonor

quote:
I do the same as Lazyboy – one LOC on one property which is used for deposits for…

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]]> 8c32a29fc22a107decb75b7a5bd16a53 leonor replied to the topic Cash on Cash calculator…. in the forum General Property https://www.propertyinvesting.com/topic/4369048-cash-on-cash-calculator/page/3/#post-4436751 Sat, 08 Nov 2003 12:59:39 +0000 Hi,
Could I have a copy please?
Thanks,
[:)]

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