PropertyInvesting.com | littleaussie | Activity https://www.propertyinvesting.com/members/littleaussie/activity/ Activity feed for littleaussie. Sun, 12 Apr 2026 16:50:54 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 7eed9eba4b1619fc31e4f37a06e718e4 littleaussie replied to the topic Debt reduction in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4407757-debt-reduction/#post-4678545 Sat, 06 Oct 2012 10:44:24 +0000 All of our properties are held within family trusts and are cash flow neutral – slightly positive, so we don't have to sell. I was thinking of paying down the smallest and using the rent to help pay down our PPOR or fund other expenses while I'm off work. As my income will be reduced the tax shouldn't be too bad 0 -15% as this years tax rates have…[Read more]

]]> 42109055348fdfc23ce401494110d3e5 littleaussie replied to the topic Attention Renovators! What would you do with this property? (Picture included) in the forum Value Adding https://www.propertyinvesting.com/topic/4406562-attention-renovators-what-would-you-do-with-this-property-picture-included/#post-4669605 Fri, 11 May 2012 12:54:03 +0000 Hi,We renovate houses and rent them out as our investment strategy and we've had problems with fibro cement. Fibro cement pre 1985 is classed as asbestos and the company who hire us our skips ( large bins) will not allow us to place it in the bins. A lot of tradies won't go near it either. You'll also need to be very careful if it gets damaged as…[Read more]

]]> 00d87a96eff75700973deec811463835 littleaussie replied to the topic What is your structure??? in the forum We use a trust with a https://www.propertyinvesting.com/topic/4397909-what-is-your-structure/page/2/#post-4611919 Mon, 12 Jul 2010 14:28:30 +0000 We use a trust with a corporate trustee for our business and separate trusts with myself and my husband as trustees for our properties. If you are investing in Vic please be aware that if your trust has gross income of 75,000 or more the trustee will need to be registered for GST. This is why we keep 2 – 3 properties per trust. We intend to keep…[Read more]

]]> d6afe43e12266da3d368b6daaa7766df littleaussie replied to the topic Chan & Naylor Accountants - Reviews? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4399306-chan-naylor-accountants-reviews/#post-4620605 Mon, 12 Jul 2010 13:56:36 +0000 Forgot to mention, Mark has been our accountant for our Business ( Bakery) for the past 6 years. He maximises your deductions and does everything he can for the benefit of his clients.

]]> 4e191965c1178a1be927179865369c28 littleaussie replied to the topic Chan & Naylor Accountants - Reviews? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4399306-chan-naylor-accountants-reviews/#post-4620604 Mon, 12 Jul 2010 13:48:13 +0000 Hi,If  you happen to come to Bendigo, our accountant Mark Hernan is fantastic. He will set up your structures in the most cost effective way, suitable to your circumstances. ex. We were going to do what Chan & Naylor said and have separate trusts for each property with a corporate trustee in each, at a cost of thousands of dollars in set up fees a…[Read more]

]]> a8e70e138fc0ad22e785f914ad5c3513 littleaussie replied to the topic renting from a trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400515-renting-from-a-trust/#post-4627809 Mon, 12 Jul 2010 12:58:35 +0000 Hi,Thankyou for the info. I found the lease forms on consumer affairs web site. They look the same as our agent uses for the leases through them. We got a rent estimate from an agent and he said $180p/w as the house is a bit run down. We intend to renovate while we live there, do we need to adjust the rent on completion of the reno or would we do…[Read more]

]]> 7e9c47964beea54e3626f4c420768387 littleaussie replied to the topic robert kiyosaki in the forum Opinionated! https://www.propertyinvesting.com/topic/4393548-robert-kiyosaki-3/#post-4589280 Sun, 11 Jul 2010 11:32:33 +0000 I have robert's books:Rich Dad Poor Dad, CASHFLOW QUADRANT,  Rich Dad's Guide to investing,  Rich Dad's Prophecy, Retire Young Retire rich,  Who Took My Money?,  Increase Your Financial IQ, Rich Dad's Conspiracy Of Th Rich, and Donald Trump & Robert Kiyosaki Why We Want Yu To Be Rich.I have found them to be very informative and very easy to rea…[Read more]

]]> e4ed5e4af6c8febef715408bcfc18e10 littleaussie replied to the topic Timber flooring questions. in the forum Value Adding https://www.propertyinvesting.com/topic/4399033-timber-flooring-questions/page/2/#post-4618802 Sun, 11 Jul 2010 10:53:47 +0000 number 8 wrote:
Amsaini is correct, you could have effectively done the same thing with minimum deposit and put the rest in a offset account. Where possible, Never ever place your own funds in an IP or you PPOR for that mattter. The negative cashflow as mentioned above is not a big issue as it will become positive in due course (rent today is…[Read more]

]]> 2be240ee0f32bd4f4c7c60fe7be47f9e littleaussie replied to the topic rental property investment - basic questions in the forum Help Needed! https://www.propertyinvesting.com/topic/4400494-rental-property-investment-basic-questions/#post-4627720 Sat, 10 Jul 2010 17:09:50 +0000 Hi,If I was in your situation I'd consider opening a self managed super fund and rolling over all of your superanuation into it. You can purchase properties in a self managed super fud, either outright – if you have enough cash, or by setting up a unit trust and taking out a loan with a bank. The benefit to doing this, considering your age, would…[Read more]

]]> 54ce1468045bc037e9fb9b7d7956859d littleaussie replied to the topic Can I get a 2nd property without enough equity? in the forum Help Needed! https://www.propertyinvesting.com/topic/4399851-can-i-get-a-2nd-property-without-enough-equity/#post-4624026 Sat, 10 Jul 2010 15:22:37 +0000 jlia wrote:
Hi,I am new to this forum and hoping all you experienced investors can help me. I recently converted my PPOR (a unit in Adelaide) into an investment property and am renting elsewhere. I am keen to purchase my next investment property and was presuming this wouldn't be too difficult as I bought the unit 2 years ago and thought I would…[Read more]

]]> 4f471a0963c86da7a44e4304bff2453b littleaussie replied to the topic Valuations - whats included? in the forum General Property https://www.propertyinvesting.com/topic/4400473-valuations-whats-included/#post-4627606 Sat, 10 Jul 2010 14:46:33 +0000 Banks will always give you a conservative valuation if you are wishing to re-finance. They have to do this, I guess it's so that the bank will get their money back if you can't make the payments and they have to sell the property. If they give a low valuation then the bank isn't exposed to much risk. They look at where the property is in relation…[Read more]

]]> 369672db24ee901eaedea119e165b4cb littleaussie replied to the topic how is possible still get positive gear property in the forum jacqui_03 wrote:Hi https://www.propertyinvesting.com/topic/4393532-how-is-possible-still-get-positive-gear-property/page/2/#post-4589172 Sat, 10 Jul 2010 13:58:27 +0000 jacqui_03 wrote:
Hi littleaussie,What are some of the areas you have purchased in regional centres? If your buying properties for $150k are these ex-housing commission properties? As you are buying in the lower end of the market do you have issues with attracting good tenants? Jacqui

Hi Jacquie,We have properties in Maryborough and Maldon.  (…[Read more]

]]> a000076d6d9135ad2f4c8a9e729f47f1 littleaussie replied to the topic issue with tenant re final inspection of a rental property in the forum Help Needed! https://www.propertyinvesting.com/topic/4400275-issue-with-tenant-re-final-inspection-of-a-rental-property/#post-4626202 Sun, 04 Jul 2010 13:29:54 +0000 devo76 wrote:
One 10 cm scratch. That sounds like heaven to me. Have a read of my thread on the other forum. Polished floors scratched scuffed and stained painted walls scuffed scratched etc kitchen so dirty had to use oven cleaner on everything shower black BLACK approved for 4 people but had 11 in their. Smoke smell is crazy. Windows filthy…[Read more]

]]> 45b3581de1e6f51eeb7a5f3431473007 littleaussie replied to the topic issue with tenant re final inspection of a rental property in the forum Help Needed! https://www.propertyinvesting.com/topic/4400275-issue-with-tenant-re-final-inspection-of-a-rental-property/#post-4626200 Sun, 04 Jul 2010 08:01:12 +0000 Hi,I spoke to Terri Scheer customer service when I was arranging the insurance. I explained my situation at the time and they said that foorboards are covered in their policy as part of the building. (In my situation, the floorboards had gouges taken out of them, as well as scratches)Thanks for your comments though as I'll double check that what I…[Read more]

]]> ec52d7de3c22298821033668316d22c6 littleaussie replied to the topic Putting up with the people who knock you!!! in the forum Opinionated! https://www.propertyinvesting.com/topic/4399882-putting-up-with-the-people-who-knock-you/#post-4624231 Fri, 02 Jul 2010 17:38:32 +0000 I can relate to what you're saying. So many times people say to me that what I'm doing is risky, or  that's not going to work, or " don't do that you'll end up bankrupt" etc….But at the end of the day, it's my life,  investing is exciting and I love it and I'm gonna keep doing it!!I sound like a 16 year old rebelling against my parents… h…[Read more]

]]> 6110ea6d332fede2ad5ae6c148f49937 littleaussie replied to the topic First Home Owner Benefits and Engaged Couples in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400406-first-home-owner-benefits-and-engaged-couples/#post-4627241 Fri, 02 Jul 2010 17:22:40 +0000 Hi,Go to http://www.firsthome.gov.auI'm not sure what State you're in but in Vic it appears that it would be ok as long a the purchases were completed before you marry and moved in together, and you kept your principal places of residence separate. They class spouses as Married or defacto couples which currently you are neither.I couldn't find any info…[Read more]

]]> e516dda005c8aa037c90b42d2f5e118d littleaussie replied to the topic How to aggressively build a portfolio in the forum Finance https://www.propertyinvesting.com/topic/4400367-how-to-aggressively-build-a-portfolio/#post-4626978 Fri, 02 Jul 2010 17:08:01 +0000 If your loans are cross col. and you want to refinance to draw out any equity, the bank will need to do a valuation on all of the properties securing the loan. They charge you for all of the valuations.If you have separate loans you can choose which one you want to refinance, only paying for one valuation.

]]> 6edd54235c23eba17f6293f8a6f30428 littleaussie replied to the topic How to aggressively build a portfolio in the forum Finance https://www.propertyinvesting.com/topic/4400367-how-to-aggressively-build-a-portfolio/#post-4626977 Fri, 02 Jul 2010 17:04:43 +0000 You can use the same bank but make sure you insist on separate loans over each property. Trying to uncross loans is very expensive.

]]> d139e57642d8079f6910ffcfa643f885 littleaussie replied to the topic Structuring my first property - Trust Structure vs. First Home Owners Grant in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400398-structuring-my-first-property-trust-structure-vs-first-home-owners-grant/#post-4627192 Fri, 02 Jul 2010 16:51:14 +0000 There are good and bad points to consider when using a trust and when the property is held in your name.I. Your land tax threshold is lower when using a trust. In Victoria the landtax threshould is only $25,000 in a trust but it is $275,000 when in your own name. This will vary from state to state.2. When using a trust there is no capital gains…[Read more]

]]> 92f883f3e2563b7f6aa688cb8a644124 littleaussie replied to the topic how is possible still get positive gear property in the forum General Property https://www.propertyinvesting.com/topic/4393532-how-is-possible-still-get-positive-gear-property/page/2/#post-4589163 Fri, 02 Jul 2010 16:20:29 +0000 Positive geared properties are still around. Have a look in larger regional areas with a population of at least 7000. Make sure that the town has more than one industry. Check that there are schools and hospitals in the area and good public transport to and from major regional centers and capital cities. Prices are lower in regional areas in…[Read more]

]]> 1d03a1de7edc9313beb3a02dc6afd4b2 littleaussie replied to the topic No Housing Bubble in Australia...is there? in the forum General Property https://www.propertyinvesting.com/topic/4400323-no-housing-bubble-in-australia-is-there/#post-4626559 Fri, 02 Jul 2010 15:49:52 +0000 I've noticed most people talking of prices in capital cities, and the conclusion being that prices will not fall by 40%.We invest in regional Victoria and I predict that prices will not fall by 40% here either. Our town has a population of 7692 and with the new Aldi store opening recently and a new KMart and Coles supermarket currently being built…[Read more]

]]> dafb527794dc8a22c22a83d72a85ee1a littleaussie replied to the topic Spa or Bath in the forum Value Adding https://www.propertyinvesting.com/topic/4400116-spa-or-bath/#post-4625406 Fri, 02 Jul 2010 15:18:19 +0000 I've rented a house with a spa and I think I only used it as a spa half a dozen times in a year. I wanted a bath for my son and spas are really to big to economically use to bath a child. Needless to say, we used the shower all the time.Now as a landlord, in my opinion, installing a spa will not increase your rent, so the return on investment is…[Read more]

]]> d76938745b24d247658c4579971d93ae littleaussie replied to the topic issue with tenant re final inspection of a rental property in the forum Help Needed! https://www.propertyinvesting.com/topic/4400275-issue-with-tenant-re-final-inspection-of-a-rental-property/#post-4626197 Fri, 02 Jul 2010 14:41:37 +0000 JacM wrote:
littleaussie: who are you insured with?

We were insured with RACV landlord's insurance but they would NOT cover us for floorboards or rubbish removal or cleaning when the house was trashed. The house needed to be repainted and they would not cover that either. They did pay for the loss of rent though.Since then, our new agent has…[Read more]

]]> 8621013ea91879d69db1c1d97e9b4636 littleaussie replied to the topic General advice on my situation in the forum Help Needed! https://www.propertyinvesting.com/topic/4400193-general-advice-on-my-situation/#post-4625775 Sun, 20 Jun 2010 06:52:40 +0000 Hi,If I was in your position I would consider having a chat to a mortgage broker. We go to (an Aussie home loans) broker as they have access to all of the bank's loans and can source a loan suitable to your needs. They don't charge you any fees for their services as the bank who you choose pays Aussie for referring you to them.Also I noticed a…[Read more]

]]> 18c32cc7c728e91e65a9fabe491a9f68 littleaussie replied to the topic issue with tenant re final inspection of a rental property in the forum Help Needed! https://www.propertyinvesting.com/topic/4400275-issue-with-tenant-re-final-inspection-of-a-rental-property/#post-4626188 Sun, 20 Jun 2010 06:27:23 +0000 Hi,I can understand your problem. One of my investment properties was trashed last year and the polished boards were severely scratched. The tenant lost her bond but it was impossible to get any money to cover the repairs. Since then I have paid a little extra for landlord's buildings and contents insurance. My policy covers accidental and…[Read more]

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