PropertyInvesting.com | lopetha | Activity https://www.propertyinvesting.com/members/lopetha/activity/ Activity feed for lopetha. Mon, 13 Apr 2026 18:15:05 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 272b2fa4775e6d3922eab1083838ff1d lopetha replied to the topic Asbestos Questions in the forum General Property https://www.propertyinvesting.com/topic/5076830-asbestos-questions/#post-5083623 Tue, 14 Jun 2022 23:36:53 +0000 Thanks for your detailed reply. Yes it is a residential house. At the moment the roof isnt sealed or painted so I may look into this first in a bit more detail and see what options there are. Do you have any recommendations of tradies in Brisbane that could assist with this?

]]> 3734e9c1e324c3b5970b3aff86270191 lopetha replied to the topic Asbestos Questions in the forum General Property https://www.propertyinvesting.com/topic/5076830-asbestos-questions/#post-5083608 Mon, 13 Jun 2022 22:30:14 +0000 I have an old 1950’s property in Brisbane which has had a leak from the roof during the recent storms a few months back. A builder has gone onsite and advised that the leak is caused by a cracked ridge and hip bedding. As Im looking to eventually demolish the property in maybe 5 years time, is there any way to repair this without having to replace…[Read more]

]]> 698610beacf8611f7140bda2dc9485b3 lopetha replied to the topic PM recommendations for Salisbury area in SA in the forum Thanks Allycat. I guess Ill https://www.propertyinvesting.com/topic/4399975-pm-recommendations-for-salisbury-area-in-sa/#post-4624662 Sat, 05 Jun 2010 00:30:03 +0000 Thanks Allycat. I guess Ill just have to try one and see how they go ensuring that I have a clause in the contract stating that I can change if im not happy with them.

]]> 54d7b6a549417fee5660803f1bdcbffb lopetha replied to the topic PM recommendations for Salisbury area in SA in the forum Anyone? https://www.propertyinvesting.com/topic/4399975-pm-recommendations-for-salisbury-area-in-sa/#post-4624660 Mon, 31 May 2010 09:01:57 +0000 Anyone?

]]> 889d001d42f834c35785a46bcc3ea0df lopetha replied to the topic Adelaide conveyancer required in the forum Thanks mate. https://www.propertyinvesting.com/topic/4399797-adelaide-conveyancer-required/#post-4623660 Wed, 05 May 2010 06:07:37 +0000 Thanks mate.

]]> 057285532b083c517ce44dbd3f4e8c0a lopetha replied to the topic Initial deposit cheques in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4396472-initial-deposit-cheques/#post-4605248 Fri, 19 Jun 2009 23:21:39 +0000 Not sure about other states but generally in Victoria you put down a small deposit of a few hundred dollars or so when putting in an offer. If accepted, then the remainder of the deposit is due whether it be 5% or 10% of the sale price as agreed with the vendor usually a week or 2 after contract signing.

]]> de4e33428296beceea4cfcd59371015d lopetha replied to the topic Initial deposit cheques in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4396472-initial-deposit-cheques/#post-4605246 Tue, 16 Jun 2009 11:00:58 +0000 Thanks all.

]]> 8a879dfd01b849f30c0fd84f9dc23e8a lopetha replied to the topic Wallpaper removal + Bunnings kitchens in the forum Value Adding https://www.propertyinvesting.com/topic/4396299-wallpaper-removal-bunnings-kitchens/#post-4604322 Mon, 25 May 2009 22:21:38 +0000 I installed a Bunnings flat pack a few months ago in a 2 bedroom unit. Came out really nice. Only problem is if you rplanning to use granite benchtops then stick away from the flat packs with the plastic legs. If your going with the laminate benchtops then they look great. Easy to install.Just one tip, remember to put the corner cupboard shelves…[Read more]

]]> c18fb60c9fb9ee2e72f048af4bcd800e lopetha replied to the topic Buying property as a company share in the forum General Property https://www.propertyinvesting.com/topic/4394713-buying-property-as-a-company-share/#post-4595594 Wed, 12 Nov 2008 06:44:07 +0000 Thanks guys.

]]> 0dfb8e86524a8a6dc25224771879321b lopetha replied to the topic Buying property as a company share in the forum General Property https://www.propertyinvesting.com/topic/4394713-buying-property-as-a-company-share/#post-4595592 Wed, 12 Nov 2008 00:03:37 +0000 Any reason why this is the case? Is it classified as "higher risk"?

]]> 4ca750c0cde4f0d80f19cf488148e9fc lopetha replied to the topic Buying property as a company share in the forum General Property https://www.propertyinvesting.com/topic/4394713-buying-property-as-a-company-share/#post-4595590 Tue, 11 Nov 2008 19:23:06 +0000 Thanks Terry. What sort of finance difficulties? Is it just the 80% max LVR or something else?Any other disadvantages that anyone else knows of?

]]> ef7b4da08166798bd3991faf294ad9a0 lopetha replied to the topic Mortgage insurance in the forum Help Needed! https://www.propertyinvesting.com/topic/4394689-mortgage-insurance-13/#post-4595476 Sat, 08 Nov 2008 23:01:57 +0000 Generally its 80% so $70K on a $350k property.

]]> 037b09ea13edbf9ce5d85c96fa758622 lopetha replied to the topic Tentant in arrears - Notice to vacate question in the forum Help Needed! https://www.propertyinvesting.com/topic/4394186-tentant-in-arrears-notice-to-vacate-question/#post-4592647 Wed, 10 Sep 2008 21:56:47 +0000 Thanks guys. The tenants are meant to be paying monthly but seem to be paying in dribs and drabs all random amounts in hope that they will make the monthly repayments by the end of the month.

]]> 312acd4e22a81467de88250caea9808e lopetha replied to the topic Help - Settlement tomorrow without a title? in the forum General Property https://www.propertyinvesting.com/topic/4394185-help-settlement-tomorrow-without-a-title/#post-4592643 Tue, 09 Sep 2008 05:00:48 +0000 Luckily I got a call not so long ago saying that the vendors bank has located the titles and settlement will go ahead today. Thanks for all the input guys. Much appreciated.

]]> c90da3792ce1190895441b50750f86f9 lopetha replied to the topic Help - Settlement tomorrow without a title? in the forum General Property https://www.propertyinvesting.com/topic/4394185-help-settlement-tomorrow-without-a-title/#post-4592641 Tue, 09 Sep 2008 00:09:39 +0000 It is an IP so no real urgency to settle today. I spoke to the conveyancer and the last time this happened settlement was delayed for 5-6 weeks. What if I decide not to settle and wait for the bank to get the title deeds? Can the vendor cancel the contract or anything? Ive already forked out the money for the deposit and also for the bank fees,…[Read more]

]]> be677b5594c29fd1a0cb9bf2799aa5f5 lopetha replied to the topic Landlord/Owner responsibilities regarding electrical wiring in the forum Help Needed! https://www.propertyinvesting.com/topic/4393606-landlordowner-responsibilities-regarding-electrical-wiring/#post-4589579 Sat, 28 Jun 2008 01:33:06 +0000 Thanks guys. I spoke to the electricial directly this morning rather then going through the PM so I could get the full story. Apparently the person who did it did a really dodgy job. From what he said the transformers are the incorrect ones used, the wiring used is the incorrect wiring and many of the lights are wires are loose being a hazard. He…[Read more]

]]> d9b1411c1530acfca4429243dd89faeb lopetha replied to the topic Reno cost estimates? in the forum Value Adding https://www.propertyinvesting.com/topic/4393545-reno-cost-estimates/#post-4589264 Mon, 23 Jun 2008 01:58:43 +0000 Thanks for the input guys. Im in Melbourne so if anyone can recommend some good cheap places for goods that woudl be greatly appreciated. The apartment is approx 60sq meters. I did actually forget abot things like light fittings, towel rails etc so will need to budget for them as well. Reckon approx $15K will be enough to cover it all?  

]]> 18e525772ccec5e00c34dd497ac58e09 lopetha replied to the topic Smoke alarms and body corp in the forum General Property https://www.propertyinvesting.com/topic/4393517-smoke-alarms-and-body-corp/#post-4589088 Thu, 19 Jun 2008 04:34:09 +0000 Thanks guys. Ive spoken to the PM to get one sorted ASAP.

]]> a9b328e80ebd9181dc58c9a7881be5ac lopetha replied to the topic Depreciation on old 2 bedroom apartment in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393518-depreciation-on-old-2-bedroom-apartment/#post-4589092 Thu, 19 Jun 2008 04:33:37 +0000 Thanks guys. Ive organised for my QS guy to go and check it out.

]]> dc083281a2c7b4d517cb360c7f80bd47 lopetha replied to the topic Melbourne suburbs with bad reputation in the forum Help Needed! https://www.propertyinvesting.com/topic/4380237-melbourne-suburbs-with-bad-reputation/page/2/#post-4516148 Tue, 03 Jun 2008 08:03:01 +0000 vidy wrote:
This link may be usefulIt lists the top 40 melbounre suburbs with number of burglaryhttp://racv.com.au/wps/wcm/connect/Internet/Primary/insurance/home+security/burglary+statistics/high+risk+areas/cheersvidy

Just because they have high burglary rates doesnt mean those suburbs are a bad investment. Some of those suburbs which top the…[Read more]

]]> 323c39df95183aba39bcbbe153db1958 lopetha replied to the topic Federal Budget & Property Investors in the forum General Property https://www.propertyinvesting.com/topic/4393205-federal-budget-property-investors/#post-4587435 Wed, 14 May 2008 22:27:34 +0000 I remember reading somewhere that the rental affordability scheme isnt for private investors. Is that true? Also, what exactly determines "new"? Does that mean brand new houses only? Or a newly purchased/rented property?

]]> 920ce025c12746e4ad3594da0d1ba0c7 lopetha replied to the topic Should I sell or should I hang on?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392879-should-i-sell-or-should-i-hang-on/#post-4585599 Sat, 12 Apr 2008 21:02:49 +0000 Some parts of Sunshine seems to be pretty bad for movement of the slab. A fair few properties which I have looked at in the area has had significant amounts of cracking caused by a subsidance. I recently put in an offer on a property but when my building inspector checked it out he mentioned that the foundation had moved that much that it needed…[Read more]

]]> f77b1a2c9cc1545c0241eaa128230988 lopetha replied to the topic repair/maintainance or improvment? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4392855-repairmaintainance-or-improvment/#post-4585511 Thu, 10 Apr 2008 21:47:40 +0000 Thanks guys.

]]> e4dadeaf4391dc002d10bef4d8eaff01 lopetha replied to the topic repair/maintainance or improvment? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4392855-repairmaintainance-or-improvment/#post-4585509 Wed, 09 Apr 2008 23:06:10 +0000 What if I waited for the lease to end and the tenants to move out and then performed the repairs to the shower and vanity unit (not do any other renovations such as tiling etc)? Would that be classified as a repair to bring the bathroom back to a decent rentable condition?

]]> 42b9fced2dc1acde6960c35b84e1db9a lopetha replied to the topic LMI for loan extensions? in the forum Finance https://www.propertyinvesting.com/topic/4392826-lmi-for-loan-extensions/#post-4585434 Wed, 09 Apr 2008 03:43:11 +0000 Im still tossing up ideas at the moment but will keep all the above comments in mind.Thanks again.

]]> 178ba0134f5d15ec882ecaa2c682cbf3 lopetha replied to the topic Are pest and building inspections recommended for units? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392852-are-pest-and-building-inspections-recommended-for-units/#post-4585494 Wed, 09 Apr 2008 03:41:51 +0000 PS. After all it is tax deductible if you go ahead with the purchase. And if you dont, well consider yourself spending a few hundred dollars which could have saved you thousands.

]]> b80f9c59de2de892e4e425e2e4d854c2 lopetha replied to the topic Are pest and building inspections recommended for units? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392852-are-pest-and-building-inspections-recommended-for-units/#post-4585493 Wed, 09 Apr 2008 03:40:13 +0000 I personally would get a inspection done just for piece of mind. Last month I put an offer in on a unit which was accepted. I wasnt gonna bother doing a pest or building inspection but ended up doing one for piece of mine. Turns out there was some very major structural damage to the unit complex with up to $150K worth of repairs to be carried out.…[Read more]

]]> e9747da0c5af4843a60dcbb69b963cf0 lopetha replied to the topic Is the interest claimable in this situation? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4392827-is-the-interest-claimable-in-this-situation/#post-4585440 Mon, 07 Apr 2008 23:15:45 +0000 Thanks for all the input guys. I sent through the paperwork via express mail today so hopefully the bank processes the top up in time so I dont have to worry about this. If they dont then I may have to borrow all the funds from someone else as suggested and then repay them once the top up is processed to ensure that it is all tax deductible.Thanks again.

]]> 9c3b0725ddc4e2a132482a6184ed2a67 lopetha replied to the topic Put extra savings onto exisiting loans or keep saving towards deposit for another IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392840-put-extra-savings-onto-exisiting-loans-or-keep-saving-towards-deposit-for-another-ip/#post-4585463 Mon, 07 Apr 2008 08:44:05 +0000 Hey Jen,I guess it all depends on your situation. If you had any non deductible debt such as a PPOR or credit card bills I would pay that first. If there is no other debts besides your current IP's then I would personally put the money in an offset account. That way you can reduce the interest you are paying on your IP but still have the cash…[Read more]

]]> 23efb2f550f93f691a9147d2248d5209 lopetha replied to the topic Is the interest claimable in this situation? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4392827-is-the-interest-claimable-in-this-situation/#post-4585437 Sun, 06 Apr 2008 21:35:20 +0000 Yep the funds would be used for investment purposed, but whe I get the funds from the laon extension they will be going to someone else and back to my offset account to replace the money I borrowed from someone else and my offset account to pay for the deposit. Is this still classified as investment purposes?

]]> 2aca126b64df26795e77d74dd7138962 lopetha replied to the topic LMI for loan extensions? in the forum Finance https://www.propertyinvesting.com/topic/4392826-lmi-for-loan-extensions/#post-4585430 Sun, 06 Apr 2008 21:33:51 +0000 Thanks Joseph.

]]> bc86896182df9c307fbcf1436f8c17a4 lopetha replied to the topic Are agents allowed to disclose other offers? in the forum General Property https://www.propertyinvesting.com/topic/4392771-are-agents-allowed-to-disclose-other-offers/#post-4585216 Sat, 05 Apr 2008 08:38:30 +0000 Thanks for the input guys. Looks like it could have been crap that the agent was talking. I put in a lower off and it was accepted. If only there were more agents out there like you Bill.

]]> 3c6ee55f961d999f54df3d13c985ec0d lopetha replied to the topic What to do if a building or pest inspection fails? in the forum General Property https://www.propertyinvesting.com/topic/4392653-what-to-do-if-a-building-or-pest-inspection-fails/#post-4584360 Tue, 18 Mar 2008 09:24:13 +0000 Thanks for the input guys. Much appreciated.

]]> 653cf6628a9b69833ade962b73871237 lopetha replied to the topic What to do if a building or pest inspection fails? in the forum General Property https://www.propertyinvesting.com/topic/4392653-what-to-do-if-a-building-or-pest-inspection-fails/#post-4584356 Mon, 17 Mar 2008 04:13:56 +0000 Thanks guys. Well turns out pest inspection came back good however building inspection wasnt so great. Ive been told that the building is sinking 2-3inches on one side and will cost approx 120-150K to underpin. This should be covered under body corp which will be split by 26 people meaning 5-6K each. Due to this movement there is a fair bit of…[Read more]

]]> 9bc844ea5db2d450a18516f897016d42 lopetha replied to the topic bad tenant or bad property manager? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392631-bad-tenant-or-bad-property-manager/#post-4584206 Thu, 13 Mar 2008 10:23:51 +0000 Anyone have any suggestions for a good PM in the Sunshine area?

]]> ec291f42ecfaf0c2dffba126901d098c lopetha replied to the topic Interest rate at application in the forum You will get the rate at the https://www.propertyinvesting.com/topic/4392627-interest-rate-at-application/#post-4584195 Wed, 12 Mar 2008 10:04:58 +0000 You will get the rate at the time of settlement unless you paid the additional "rate lock" fee which will give you the rate at the time of signing.

]]> e34d327f8eeade0c76b6bdc6913cd8c5 lopetha replied to the topic Discount from standard variable rate for major banks in the forum Finance https://www.propertyinvesting.com/topic/4392574-discount-from-standard-variable-rate-for-major-banks/#post-4583937 Sat, 08 Mar 2008 11:12:26 +0000 0.85% off $300K is good going. Congrats. Would also love to hear what others who have recently taken out loans are getting.

]]> 2745c08f85c61c648f9cddc635f64027 lopetha replied to the topic Discount from standard variable rate for major banks in the forum Finance https://www.propertyinvesting.com/topic/4392574-discount-from-standard-variable-rate-for-major-banks/#post-4583934 Sat, 08 Mar 2008 03:57:22 +0000 Thanks Richard, much appreciated. I just sent you an email.

]]> 5acdf38eb49b717e5d9768951a321dd3 lopetha replied to the topic Quick LOC limit question in the forum Thanks guys. Much https://www.propertyinvesting.com/topic/4392560-quick-loc-limit-question/#post-4583900 Thu, 06 Mar 2008 09:59:40 +0000 Thanks guys. Much appreciated.

]]> a367393c5812a86473ea6586ed2e1b69 lopetha replied to the topic Quick LOC limit question in the forum Thanks guys. One more https://www.propertyinvesting.com/topic/4392560-quick-loc-limit-question/#post-4583898 Thu, 06 Mar 2008 02:59:07 +0000 Thanks guys. One more question, how does the LMI work then with LOC? For example, I currently have the IP worth 280K with a 204K balance on just a standard variable loan. If I had to take out a LOC which had a limit of 48K (assuming that is 90% LVR) but I only draw down say 15K (for the moment) which means the LVR is under 80% do I still get…[Read more]

]]> 46e51b97e9eb7bddb6f910e9e2636e62 lopetha replied to the topic Advise needed - Tenant says its too hot in summer in the forum Help Needed! https://www.propertyinvesting.com/topic/4392538-advise-needed-tenant-says-its-too-hot-in-summer/#post-4583797 Wed, 05 Mar 2008 11:38:11 +0000 Thanks for the suggestions guys. Much appreciated.

]]> 9b518b90d8171c798b99b0ae4cf7f65c lopetha replied to the topic Pest & Bulding inspectors in Frankston/Seaford area in the forum Thanks for the https://www.propertyinvesting.com/topic/4392200-pest-bulding-inspectors-in-frankstonseaford-area/#post-4582224 Wed, 06 Feb 2008 07:12:56 +0000 Thanks for the recommendation. I actually ended up going with Melbourne Pre Purchase building and Termite Inspections who were recommended by someone else. Great to deal with and very thorough. Highly recommended for anyone looking for an inspector.

]]> 01072cbbe30047aec67f5117fcffd9e0 lopetha replied to the topic Offer conditions for an apartment? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392082-offer-conditions-for-an-apartment/#post-4581506 Fri, 25 Jan 2008 11:06:26 +0000 Ok thanks for the tip guys. I will make sure to put those on the written offer.

]]> 5b5269a1b6e56a0a6aacc68bc8c168ec lopetha replied to the topic Offer conditions for an apartment? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392082-offer-conditions-for-an-apartment/#post-4581503 Fri, 25 Jan 2008 10:20:12 +0000 Finance is all approved.

]]> 92044b57f9cb15e035288e259aab8d62 lopetha replied to the topic Flat closer to CBD or house in outer suburbs of Melbourne? in the forum Thanks for all the input https://www.propertyinvesting.com/topic/4391217-flat-closer-to-cbd-or-house-in-outer-suburbs-of-melbourne/#post-4576197 Fri, 26 Oct 2007 21:32:37 +0000 Thanks for all the input guys. Cheers,Zayne

]]> 9686fe5ade10a714bb22af243d854326 lopetha replied to the topic Redraw from PPOR for IP in the forum Ok so at long as they are 2 https://www.propertyinvesting.com/topic/4390033-redraw-from-ppor-for-ip/#post-4569806 Wed, 27 Jun 2007 11:56:03 +0000 Ok so at long as they are 2 seperate loans I can claim the interest charged from borrowing form my PPOR to find a deposit and stamp duty for an IP?

]]> 271af96205bff18aac144644c3c1ccf4 lopetha replied to the topic Redrawing of loan in the forum Finance https://www.propertyinvesting.com/topic/4390011-redrawing-of-loan/#post-4569639 Tue, 26 Jun 2007 22:43:41 +0000 Looks like an offset account is the way to go. Thanks guys for your help.

]]> 99438d7441a6682f89938019baefee0b lopetha replied to the topic Redraw from PPOR for IP in the forum General Property https://www.propertyinvesting.com/topic/4390033-redraw-from-ppor-for-ip/#post-4569803 Tue, 26 Jun 2007 22:42:13 +0000 Your input is greatly appreciated. Thanks again Richard for your help.

]]> b45c945e409b10203f6ee50f8e6fea8e lopetha replied to the topic Stamp duty claimable? in the forum General Property https://www.propertyinvesting.com/topic/4390031-stamp-duty-claimable/#post-4569796 Tue, 26 Jun 2007 22:40:53 +0000 Thanks Richard

]]> 103f8c0f4ea07f428842c0ac0085fb24 lopetha replied to the topic Is morgage insurance claimable? in the forum Thanks Richard. https://www.propertyinvesting.com/topic/4390030-is-morgage-insurance-claimable/#post-4569793 Tue, 26 Jun 2007 22:40:35 +0000 Thanks Richard.

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