PropertyInvesting.com | lifeX | Activity https://www.propertyinvesting.com/members/lifex/activity/ Activity feed for lifeX. Sat, 11 Apr 2026 13:07:57 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 bbb47884e144458ac86c4f82ebe7b659 lifeX replied to the topic Wider Motivations for Investing in the forum General Property https://www.propertyinvesting.com/topic/4402131-wider-motivations-for-investing/#post-4637753 Sat, 25 Dec 2010 05:51:48 +0000 I like Ghandi’s quote

“What is not given , is lost”

]]> 7f29e48a868e39c684407db127109203 lifeX replied to the topic Vacant property, how do I find the owner to make an offer? in the forum Help Needed! https://www.propertyinvesting.com/topic/4402265-vacant-property-how-do-i-find-the-owner-to-make-an-offer/#post-4638603 Sat, 25 Dec 2010 05:47:59 +0000 I assume you have posted a letter to the address you are interested in.

It would then redirect to the owner.

And they could then reply if they are interested.

?

]]> 2c00f46701fe52eb20984b1967ca2e71 lifeX replied to the topic Wider Motivations for Investing in the forum General Property https://www.propertyinvesting.com/topic/4402131-wider-motivations-for-investing/#post-4637750 Tue, 21 Dec 2010 11:47:33 +0000 Marthamel,
Great questions for those that ponder them honestly and carefully. Thankyou!

Personally I have to say that I invest in property because i think that I am getting more from it than what I am actually putting in.

Basically selfish gratuitus greed.

Please let everyone know however that I may consider small insignificant donations to…[Read more]

]]> 61f8b9ed0f0af3aa83fb27f72584caaa lifeX replied to the topic How do others avoid paying mortgage insurance? in the forum Finance https://www.propertyinvesting.com/topic/4370769-how-do-others-avoid-paying-mortgage-insurance/page/2/#post-4450776 Tue, 21 Dec 2010 11:18:30 +0000 I think everyone needs to bite on LMI to get started.

But after a few years the equity in your properties should be enough to set up LOCs to pay that extra 20% and avoid the LMI sting.

In the long run, the thing that holds you back is actually serviceability.

Funny, I remember thinking of every idea under the sun to buy property with no…[Read more]

]]> 02434af76a130cda68376ced61b1ea14 lifeX replied to the topic lease renewal fee's ??? in the forum General Property https://www.propertyinvesting.com/topic/4402253-lease-renewal-fees/#post-4638539 Tue, 21 Dec 2010 10:52:03 +0000 Tell your agent you want an ongoing lease and to not send your tenants harassing letters suggesting that they will be kicked out unless they sign a new 12 month agreement.

]]> 128b09f40b1f9ff669033480573a2430 lifeX replied to the topic GST in the forum General Property https://www.propertyinvesting.com/topic/4401464-gst-8/#post-4633818 Sun, 17 Oct 2010 11:19:07 +0000 You need to keep an eye on the GST when regularly developing (ie: more than once),

Ie; Dual Occ Sub divisions,

Extensions,

Or even major reno’s ……..

My understanding was that you may have to charge some GST on the price you sell for , in these circumstances.

… And that now the ATO considers you to be in the business of developing,…[Read more]

]]> 730749ae2ddf519216eab32ac13d6572 lifeX replied to the topic Just settled on new property, and now neighbour is building a second story which blocks sea view.......legal recourse? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4401482-just-settled-on-new-property-and-now-neighbour-is-building-a-second-story-which-blocks-sea-view-legal-recourse/#post-4633924 Sun, 17 Oct 2010 10:49:19 +0000 SNM,

I agree due diligence would have covered me, so this is now on my list.

I am not convinced that views aren’t a legal issue, I know of a few council and building regs that clearly define and protect views of existing properties, especially in new development estates.

Views are easily quantified as a dollar value, every valuation has an…[Read more]

]]> 5bdf4b3233561ad60c1d52c720de32a4 lifeX replied to the topic Selling Costs in the forum General Property https://www.propertyinvesting.com/topic/4400135-selling-costs-3/#post-4625473 Wed, 09 Jun 2010 04:59:33 +0000 Dom,
In Vic, you would likely give the Agent 5% commission just for selling the place.

You would pay 5-6% in government costs to buy the new house (about double Qld. Stamp Duty Rates)

Moving costs and incidentals would be insignificant.

… And Just to confuse you more, consider market moves.

If you sell and then start looking for a new…[Read more]

]]> b3bdc9cffa160c99fa1b206e095aea0a lifeX replied to the topic New Property Sales Tax in the forum General Property https://www.propertyinvesting.com/topic/4399935-new-property-sales-tax/#post-4624514 Fri, 21 May 2010 14:13:50 +0000 Is this the tax you are referring to W4L?

http://watoday.domain.com.au/real-estate-news/property-buyers-hit-with-new-sales-tax-20100514-v3p2.html

It is a NSW State tax according to article.

]]> 38ae4cf26bf9e1c8fe948e5af17c2406 lifeX replied to the topic Greece & The European Union... Crisis Averted Or Impending Doom in the forum Very Interesting comments. https://www.propertyinvesting.com/topic/4399887-greece-the-european-union-crisis-averted-or-impending-doom/#post-4624254 Thu, 20 May 2010 23:45:16 +0000 Very Interesting comments.

If all the central banks and major economies are printing money faster than ever before, surely the value of money has to be decreasing at the same rate.

This would resolve all the government debt. issues as their debt would be reduced to nothing.

History tells us that this is what governments do when they have no…[Read more]

]]> b763b324f8997d73234054bc2c17451b lifeX replied to the topic renters liability in rented house ? Don’t knw if anyone offer this type of insurance? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4396591-renters-liability-in-rented-house-dont-knw-if-anyone-offer-this-type-of-insurance/#post-4605833 Mon, 13 Jul 2009 11:38:12 +0000 You would only have to take out a public liability cover…. the same one that a homeowner takes out with their landlords insurance. You do not have to take out cover for replacement of the building.

We do this with a rural property that has no dwelling, to cover us as landlords if someone is injured on the property. You could take out the same…[Read more]

]]> 51efe5342f329af423f6341acea43857 lifeX replied to the topic FREE Residex Property Reports for VICTORIAN, TASMANIAN, and SOUTH AUSTRALIAN properties - Investment or Owner Occupied in the forum Value Adding https://www.propertyinvesting.com/topic/4396010-free-residex-property-reports-for-victorian-tasmanian-and-south-australian-properties-investment-or-owner-occupied/page/5/#post-4602582 Sun, 12 Jul 2009 01:02:16 +0000 Thanks mike.

Extremely useful info – will keep your services in mind and pass on your contact details

]]> 4a2414bfd0dcf939b29ed2d8b4dc5cfb lifeX replied to the topic FIRST HOME OWNER HELP!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4396399-first-home-owner-help/#post-4604851 Sat, 06 Jun 2009 18:03:53 +0000 Rule of thumb for servicability:It used to be that the banks would lend to full time workers as long as the loan repayments were not more than 30% of your AFTER tax income.   So as a rule of thumb you would need $400 p.w to cover the interest repayments on loan. And an income after tax p.w. of about $1350.   Banks usually like a deposit of 20% +…[Read more]

]]> a46ebb71be7e8a6c2d3252730ab06a53 lifeX replied to the topic Land tax on property bought for family member in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4396374-land-tax-on-property-bought-for-family-member/#post-4604750 Sat, 06 Jun 2009 16:36:20 +0000 You can have a certain amount of land in any one persons name before you incur land tax in Vic.  I think it is about $300k or so.-remember it is only the land value, not the value of the buildings on it that is counted.   So if you already have land in your name, simply put the property into the name of a different family member.   You could poten…[Read more]

]]> 9b06c4214fc5fe46b8f6438a9550bc1a lifeX replied to the topic How do you factor in costs? in the forum here is a pretty https://www.propertyinvesting.com/topic/4395787-how-do-you-factor-in-costs/#post-4601347 Wed, 20 May 2009 17:13:28 +0000 here is a pretty comprehensive rundown of what income and expense factors I look at for a property purchase.Don't forget to allow for income and benefits of the following when calculating the total value to you from this investment.Gross Rental Yield, Depreciation Benefits,Negative Gearing Benefits,Capital Growth Other income generated from this i…[Read more]

]]> 4af91bebcde4a0da39ccd347483ef8e1 lifeX replied to the topic Sheer frustration with house sale and with CBA in the forum Help Needed! https://www.propertyinvesting.com/topic/4396254-sheer-frustration-with-house-sale-and-with-cba/#post-4604111 Wed, 20 May 2009 17:09:59 +0000 I'd be taking your problem up with the purchaser. Your losses now are due to them not fulfilling their original obligation in a signed contract of sale. If they had originally signed a contract for settlement in early April, and you are now incurring a loss because they have been jerking you around, they could be liable. Even if you re-signed wit…[Read more]

]]> cd9c0401a9ed07d2dab74b2c139fa2f3 lifeX replied to the topic New to the Forum, need Finance advice. in the forum Help Needed! https://www.propertyinvesting.com/topic/4396259-new-to-the-forum-need-finance-advice/#post-4604144 Wed, 20 May 2009 16:47:15 +0000 Investigate some positive cash flow deals?

]]> 132e935495866a60fd6f0937fd66e236 lifeX replied to the topic Land Tax issue in the forum Help Needed! https://www.propertyinvesting.com/topic/4396265-land-tax-issue/#post-4604178 Wed, 20 May 2009 16:43:48 +0000 If you have a property in your own name already, you will probably find that moving the other properties into your name would make negligible difference to the land tax payable, as the more land in your personal name , the higher the percentage of land tax anyway.   Remember also that land tax is a deductible expense.  If I were you, I'd leave it…[Read more]

]]> cbcdb0268c3d63a521d5e4b96b1f7408 lifeX replied to the topic Selling or renting your property privately in the forum Thanks for the link https://www.propertyinvesting.com/topic/4396238-selling-or-renting-your-property-privately/#post-4604044 Wed, 20 May 2009 16:23:47 +0000 Thanks for the link traceyWould love to know if anyone has successfully sold their property privately for a price they wanted. Or purchased a property cheaply from a service like this.   My thoughts were that anyone selling in this way usually expected way too high a price and never made a sale.Correct me if I am wrong.

]]> c5d6865ddb82e1c485b5a74d8ed92e40 lifeX replied to the topic Centrelink (or ex) employees maybe, or, anyone with acreage? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4396269-centrelink-or-ex-employees-maybe-or-anyone-with-acreage/#post-4604193 Wed, 20 May 2009 16:14:54 +0000 Could they instead put their rural retreat into a "Trust" with their kids/grandkids as beneficiaries. Then they technically do not own it.

]]> 7a8a68355320972d3163b0fcc686137a lifeX replied to the topic To trust or not to trust? in the forum Finance https://www.propertyinvesting.com/topic/4395829-to-trust-or-not-to-trust-4/#post-4601542 Sat, 28 Mar 2009 11:56:15 +0000 I'd be very wary of using a hybrid trust as the ATO has recently clamped down on these.    Surprised your accountant still recommends it with all the limitations the ATO are putting on  them,   If it is cashflow neutral, I'd say you dont need a hybrid structure. Just set up an ordinary discretionary trust and have a corporate trustee if you want…[Read more]

]]> 6b0a35b3d91bd31f633afd8e20bf65bf lifeX replied to the topic What to offer under the asking price to start negotion? in the forum If you check out the https://www.propertyinvesting.com/topic/4395776-what-to-offer-under-the-asking-price-to-start-negotion/#post-4601277 Wed, 25 Mar 2009 06:09:04 +0000 If you check out the property area reports on domain .com, they will tell you what the average discounting amount is that houses actually sell for. This can be a helpful guide. Days on market also helps to find "conditioned" buyers.   Personally, I'd offer less than what I was actually prepared to pay, so that you can eventually negotiate t…[Read more]

]]> 144994a1f15a60f9942776cbfab55851 lifeX replied to the topic Blue asbestos? in the forum Value Adding https://www.propertyinvesting.com/topic/4395566-blue-asbestos/#post-4600210 Mon, 09 Mar 2009 02:05:13 +0000 S.N.M.   They used to say asbestos was totally safe in the day too, until people started dying.  Ever watched the good asbestos teams remove the stuff, they don't stuff around. My point was not about Minimum government requirements, which mean jack squat. it was the  control measures you need to take to safely work with asbestos. For instance…[Read more]

]]> 8772c84f1fc04c0e8fd2935248a04035 lifeX replied to the topic Blue asbestos? in the forum Value Adding https://www.propertyinvesting.com/topic/4395566-blue-asbestos/#post-4600208 Sun, 08 Mar 2009 05:04:07 +0000 Miike, You will know if you contract an asbestos disease in 15 years when it becomes terminal.I.P.F. , you should know better than to tell someone that it "probably isn't asbestos", c'mon mate? The fact is that all it takes is a couple of fibres in your lungs to contract the disease.   Similar diseases will probably soon appear for fibreglass in…[Read more]

]]> 824ecf8434b7a54f46290581e41259f3 lifeX replied to the topic Help with making calculations on Mortgage repayments in the forum look up the PMT function in https://www.propertyinvesting.com/topic/4395606-help-with-making-calculations-on-mortgage-repayments/#post-4600465 Thu, 05 Mar 2009 10:19:49 +0000 look up the PMT function in Excell. It will save a lot of effort when setting up a spreadsheet.

]]> ac9945a8e37d1c19c7c15f063a940b9d lifeX replied to the topic Rolling Capital Gains in the forum Help Needed! https://www.propertyinvesting.com/topic/4395479-rolling-capital-gains/#post-4599543 Tue, 24 Feb 2009 12:08:53 +0000 dcn,    tax minimisation is absolutely the goal. No-one should be paying more tax then they have to, that is crazy.   You are clever to continually question to get to the bottom of the matter.    CGT is a massive cost to investors and is worth investigating.   The best approach i have come across is to amass a huge debt, incur a huge tax liabilit…[Read more]

]]> c02dc32078ccc8cfaddeaa68c365d5e7 lifeX replied to the topic Capital Gains Tax in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4395463-capital-gains-tax-42/#post-4599460 Tue, 24 Feb 2009 11:59:47 +0000 I am not qualified to answer this … however.    I understand that the CGT exemption can be applied for the period you owned the house.  So , if you have owned it for 8 years and then rented it out for 2 years.  You would have an exemption for approx. 80% of the capital gain you made, depending on the CPI for this period. 

]]> 9dcbc8887656634350f7ef60f04993c6 lifeX replied to the topic Rolling Capital Gains in the forum Help Needed! https://www.propertyinvesting.com/topic/4395479-rolling-capital-gains/#post-4599541 Sun, 22 Feb 2009 00:18:02 +0000 dcn,    Capital Gains Tax is twice as bad for company owned assets.  If you make a Cap. Gain with your own property investmentsyou get a 50% discount if you owned them for over a year.   If they were owned in a company you would get no discount. Paying twice as much.  The only way to not pay any cap. gains on a   property is if it has been your p…[Read more]

]]> 63b9214153f08b5403365d96d32f2c57 lifeX replied to the topic Rolling Capital Gains in the forum Help Needed! https://www.propertyinvesting.com/topic/4395479-rolling-capital-gains/#post-4599539 Fri, 20 Feb 2009 11:12:31 +0000 I.P.     Isn't it funny how the ATO demands money immediately when you make a profit, yet are happy to let you off for a few years when you lose.       And as a Victorian I also know the roughly shoved pineapple that is Land Tax. Those poor yanks…..

]]> 7f7933f4b3f948a9d48b831f5825b54a lifeX replied to the topic why not sell your IP's in the future? in the forum General Property https://www.propertyinvesting.com/topic/4395429-why-not-sell-your-ips-in-the-future/#post-4599321 Thu, 19 Feb 2009 15:10:18 +0000 There are many ways to use equity to buy income producing products or other. You don't need to rely on the big four banks for everything.Don't forget  you can use rental monies to pay down the debt that is created to spend on living expenses.  And then borrow deductible money to pay down the deductible interest.   Living on equity works for as…[Read more]

]]> 53c9e31c33e450746ca259a88a814a34 lifeX replied to the topic Rolling Capital Gains in the forum Help Needed! https://www.propertyinvesting.com/topic/4395479-rolling-capital-gains/#post-4599537 Thu, 19 Feb 2009 14:55:50 +0000 or the other way is to never ever sell. and then you never pay CGT in your lifetime.Simply draw money out of the houses with more and more loans (search "living on equity")This is a very cool theory if done with caution…… ideally leave the properties with huge debt and huge capital gains to your least favourite relative. HA.

]]> 4ecb2816ec3fddbc0756b40a11749372 lifeX replied to the topic Rolling Capital Gains in the forum Help Needed! https://www.propertyinvesting.com/topic/4395479-rolling-capital-gains/#post-4599536 Thu, 19 Feb 2009 14:52:13 +0000 The other way to lurk your way to capital gains joy is to rent your house out during periods when house prices are flat or falling(negative gear), and then live in your house while prices are booming. This could be covered with a valuation each time you move in or out. – The theory here is that the property only appreciates while it is your…[Read more]

]]> ad04d63aa2c294a097b3ef30944f4621 lifeX replied to the topic Rolling Capital Gains in the forum Help Needed! https://www.propertyinvesting.com/topic/4395479-rolling-capital-gains/#post-4599535 Thu, 19 Feb 2009 14:45:21 +0000 The ATO base Capital Gains/Losses on an event.Ie: the financial year you sell an investment property triggers the Capital Gain event and must be paid that year.  The only hope you have is that in the same financial year you make an equivalent capital loss by selling an investment that lost money.    For instance if you lost a heap of money in th…[Read more]

]]> 3d21f470ea9f8b29094da038b42a9598 lifeX replied to the topic FHOG with 3 people in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4395471-fhog-with-3-people/#post-4599481 Thu, 19 Feb 2009 14:35:52 +0000 You only have to have the property as your place of residence (ppor) for 6 months to satisfy for FHOG..(make sure the electricity bills and gas bills are in your name – keep these.You could buy the first property in your name now, live in it for 6 months and have your other two friends rent a room (or pay board) to you. You wouldn't have any…[Read more]

]]> 8d5cb3197abc5b89519074edeacd0976 lifeX replied to the topic Brick Oven - What to do with them? in the forum Value Adding https://www.propertyinvesting.com/topic/4395428-brick-oven-what-to-do-with-them/#post-4599315 Wed, 18 Feb 2009 13:09:24 +0000    In Melbourne,  you have a greater appreciation for these sorts of "period originals". Especially in a lot of inner subburban areas.  You would be crazy to knock it down.   If it can be incorporated into the theme of the property – I'd make it a feature.If you can't, cover it up carefully… you don't want to damage it.     This kind of thing…[Read more]

]]> 979d9cfe854050fcdf752cda321ccfcf lifeX replied to the topic ING Direct - anyone used them? in the forum Finance https://www.propertyinvesting.com/topic/4395183-ing-direct-anyone-used-them/#post-4597970 Tue, 20 Jan 2009 16:26:08 +0000 i have been with ingdirect for years – I found them good.I think they are a bigger organisation than any of the big four banks in oz (correct me if i'm wrong)They don't overcharge their existing customers who are already in loans  in order to fund "glitzy" introductory rates on new customers (unlike other lenders)They are conservative in who they…[Read more]

]]> d648462f26e26912b74921a5d3e7f8f1 lifeX replied to the topic What to do in a bidding war? in the forum I'd say usually a bidding https://www.propertyinvesting.com/topic/4395095-what-to-do-in-a-bidding-war/#post-4597610 Fri, 09 Jan 2009 11:53:57 +0000 I'd say usually a bidding war will be won by over-emotional home buyers who have fallen in love with the home and will pay well over market value to get their hearts desire.   Investors should not ordinarily be involved in this sort of money wasting.   The only exception is if you honestly believe the property has much more value than the…[Read more]

]]> 8de516e471c54d0380b66d0d05fe8a0a lifeX replied to the topic Making an offer - whats the rule of thumb? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394994-making-an-offer-whats-the-rule-of-thumb/#post-4597056 Mon, 05 Jan 2009 14:51:21 +0000 Rule of thumb,  Unless you are sworn at and chased off the property with a broom – you offered too much.

]]> 57c210ce94ff2ec9fd89de9c694ae070 lifeX replied to the topic Role of a Property Manager in the forum Basically , yes. However the https://www.propertyinvesting.com/topic/4394837-role-of-a-property-manager/#post-4596181 Thu, 04 Dec 2008 11:17:17 +0000 Basically , yes.However the kind of properties that offer rental guarantees and extra arrangements are usually in obscure locations and have other bad karma.   Good capital gains appreciating property rarely has this type of "extra" frill thrown in.  Property investing involves taking some risk in order to crack higher rewards.  There are are…[Read more]

]]> 1cf5d5f7c54b311f157933bddd61dceb lifeX replied to the topic Help! My boyfriend thinks this is a good investment. in the forum Help Needed! https://www.propertyinvesting.com/topic/4394188-help-my-boyfriend-thinks-this-is-a-good-investment/#post-4592664 Thu, 04 Dec 2008 10:32:06 +0000 watch for tax implications.if you renovate before renting, and even if you renovate during tenancies, the tax dept. consider this to be a capital expense.which means you can't claim it as a deduction against your income or against your rent.30 grand on a reno could probably be instead spent as deposits on 2 – 3 more properties.or a better…[Read more]

]]> 14df74c7f757de5cf8f768fe9c8e377a lifeX replied to the topic Where is the bottom in the forum General Property https://www.propertyinvesting.com/topic/4394827-where-is-the-bottom/#post-4596099 Wed, 03 Dec 2008 14:31:14 +0000 my call:The bottom has passed.A flat period will ensue with a few up and down blips on the radar thanks to media sensationalsim.The prediction is a slow start and then steady growth starting in 2 yearsThen a period of wise direction and decisions due to the recent memory of this crash. America will be treated like the greedy teenager it is.Europes…[Read more]

]]> 85432c40795a6df0b97915653a817f60 lifeX replied to the topic Where is the bottom in the forum General Property https://www.propertyinvesting.com/topic/4394827-where-is-the-bottom/#post-4596098 Wed, 03 Dec 2008 14:22:50 +0000 "I was watching an american economist on the business channel the other night who said that modern capitalism was now fundamentally changed – for good. Easy credit is over and with it so too will be societies based on consumption." I hope so too ummeister …  Paying for other peoples consumer bought credit is bad for everyone concerned.We need a…[Read more]

]]> 84866ad770e9875e852ae7b7fbaff4a1 lifeX replied to the topic Breaking a fixed interest contract in the forum Help Needed! https://www.propertyinvesting.com/topic/4394850-breaking-a-fixed-interest-contract/#post-4596242 Wed, 03 Dec 2008 14:03:05 +0000 As terry and others have said , "crunch numbers"I'm in similar spot…. some loans locked for 2 years at just under 8%   I think rates will drop downto a low early mid next year for a short few months  and then gradually come back up …   I doubt I will save much more than break costs in the two year period  remaining even if I picked the bott…[Read more]

]]> e3afe84c44c73e73fcb5ea4d4afaf43b lifeX replied to the topic Hero or Zero in the forum General Property https://www.propertyinvesting.com/topic/4394828-hero-or-zero/#post-4596108 Wed, 03 Dec 2008 13:38:54 +0000 interesting thread. I still can't believe that the entire world economy is falling due to the credit binge in the US. Surely this wasn't the only foundation for modern civilization. Neither do I understand the solution offered by the governments of the world: ..  ..that the way to improve things is print heaps of cash and throw it at the…[Read more]

]]> f036763c4b59df202b2b7983d875a9da lifeX replied to the topic does anyone know cheap financial advisors in melb in the forum Opinionated! https://www.propertyinvesting.com/topic/4394320-does-anyone-know-cheap-financial-advisors-in-melb/#post-4593296 Fri, 26 Sep 2008 14:02:13 +0000 A lot of financial advisors are not cheap – they charge nothing.   These amazing individuals will take you into their office and seem like the best friend you ever had, then they will give you a few options with some amazing graphs of the returns you will make, because the last 3 years they have done well.   What a wonderful world investing is,…[Read more]

]]> 492beb516ff2e9786203e0b12557ae95 lifeX replied to the topic Look please in the forum Help Needed! https://www.propertyinvesting.com/topic/4393964-look-please/#post-4591667 Wed, 13 Aug 2008 13:57:29 +0000 Are you serious???    You wan't to borrow at 20 something per cent on a compounding interest credit line to start a property portfolio?   You would be wiser to throw all your money and clothes you own into a river and then sticking drugs into a boogie board bag while travelling Overseas –         at least this way you have half a chance.   …[Read more]

]]> 21770ff2967c37c4cefa56db9b39b191 lifeX replied to the topic MECU? in the forum Finance https://www.propertyinvesting.com/topic/4392479-mecu/#post-4583521 Mon, 10 Mar 2008 07:51:48 +0000 mecu traditionally very conservative with high loan interest rates. Sometimes they do weird things like with their car loans, they will require many conditions on your ownership of the car. like the insurance must be up to their satisfaction whereas every other bank would simply lend based on your income. – so watch out for pain in the ass fine…[Read more]

]]> c12322df5f3fd0375069945fcba242ea lifeX replied to the topic electrical apprenticeship in the forum General Property https://www.propertyinvesting.com/topic/4392552-electrical-apprenticeship/#post-4583863 Mon, 10 Mar 2008 07:32:33 +0000 as a sparky,  an apprentice is taught on day one, to always test any wires before touching them.   This is all you have to do to avoid a boot….. basically trust no-one except your tester . – (and always test the tester itself before and after testing).   Never rely on somebody else who has said " it's off", even if it is the supervising spark…[Read more]

]]> 339c17e808dc95bc7d7327ff2c5de10f lifeX replied to the topic Should they stay or should they go....Tenants that is??? in the forum General Property https://www.propertyinvesting.com/topic/4392073-should-they-stay-or-should-they-go-tenants-that-is/#post-4581468 Fri, 25 Jan 2008 01:44:15 +0000 In Vic, You must give 120 days notice to vacate if you have no reason to evict, and this must fall on a date after the lease expires. So to have access in June, you'd have to give notice 4 months earlier. The rights of the tenant to live in house are very well protected by law, doesn't matter that it is your house.    …if it is a single m…[Read more]

]]> 577986c5bb11a343b3a1b123b6390763 lifeX replied to the topic EDUCATION vs REAL LIFE in the forum Help Needed! https://www.propertyinvesting.com/topic/4387624-education-vs-real-life/#post-4558464 Sat, 09 Dec 2006 13:50:24 +0000 you have to make a decisive action at some point.

procrastination will only delay your rewards.

In my experience, jumping in before you feel ready results in only one real result……………. real life correction and the best education available.

…hey, you will never know it all. But in time you will regret not taking action earlier. This…[Read more]

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