PropertyInvesting.com | mark76g | Activity https://www.propertyinvesting.com/members/mark76g/activity/ Activity feed for mark76g. Sun, 12 Apr 2026 15:57:15 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 3672fda286b2872ac746214302edf132 mark76g started the topic I need some inspiration in the forum Help Needed! https://www.propertyinvesting.com/topic/5049847-i-need-some-inspiration-2/ Fri, 22 Mar 2019 12:42:25 +0000 My situation,

IM 42 and I have to support my wife and young son.
My wife is a foreigner applying for a pr and cant work in and kind of meaning full employment.
I quit my office job years ago to scratch out a basic living advertising things on the
internet from home. I really hate bosses.

Ive wanted to get involved in property ventures over the…[Read more]

]]> 93667ec1041caeabffca39665710b4cb mark76g replied to the topic im being foreclosed what a mess in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406250-im-being-foreclosed-what-a-mess/#post-4666911 Fri, 06 Apr 2012 06:53:43 +0000 Well said lawsjs,

The bank has treated me in a horrible way. They have no representative like an account manager who I can make a deal with. Its like being foreclosed by an automated computer program its all call centre staff and nobody is responsible.

To think its not possible for the bank to send me a simple email saying hey we notice you’ve…[Read more]

]]> 6c33decc84031691ce9fdb5cb63f0617 mark76g replied to the topic Whats the best thing to do with 250,000 right now in the forum Help Needed! https://www.propertyinvesting.com/topic/4404785-whats-the-best-thing-to-do-with-250000-right-now/#post-4656279 Fri, 23 Sep 2011 03:10:32 +0000 Ive been down this road road before. When I say I cant borrow I really mean it.
I have no Bas no statements no accountants letter. Its just me trading on the internet under my own name.There is no physical stock and no record of what im doing. The ATO just has to take my word for it.

Old style low doc loans were just a signed declaration. No BAS,…[Read more]

]]> ef0aab0db58bfb10e932d83486d96268 mark76g replied to the topic Can I claim back the GST when I build or buy a new investment property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404672-can-i-claim-back-the-gst-when-i-build-or-buy-a-new-investment-property/#post-4655512 Mon, 12 Sep 2011 03:09:53 +0000 Wow this is confusing.So I  cant claim on a house somebody is already building. Ok that makes sense.I can claim on a house my company has purchased the land for and then employed a builder to build on. OKIf I sell the house I have to give the GST back. So the real question is what if I dont sell the house but I say my intention was to sell…[Read more]

]]> 32b449545e6e785fee09e1313f979794 mark76g replied to the topic Can I claim back the GST when I build or buy a new investment property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404672-can-i-claim-back-the-gst-when-i-build-or-buy-a-new-investment-property/#post-4655504 Sat, 10 Sep 2011 10:34:19 +0000 You seem very negative about this idea. If its legal the why wouldn't I do it ?Just to clarify this seem to be the best way to use it.Suppose I want to build an investment property. I get an accountant to set up the right structure. I buy the land as ABC company. ABC company then employs a builder to build the house for say $200,000. It claims…[Read more]

]]> e223814d338e273a12e913bafdde1b4a mark76g started the topic Can I claim back the GST when I build or buy a new investment property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404672-can-i-claim-back-the-gst-when-i-build-or-buy-a-new-investment-property/ Fri, 09 Sep 2011 23:00:24 +0000 Hi,
An accountant once told me its possible to claim back the GST when I build a new property as long as I dont sell the property with five years.
This is a huge bonus as it is effectively a 9%+ reduction on the price of the house.
I was wondering if somebody can explain to my how this works.

Im not registered for GST myself so I assume I would…[Read more]

]]> 1fc912a78ebceabfd86d35c1d11e4c0d mark76g started the topic Can I claim back the GST when I build or buy a new investment property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404672-can-i-claim-back-the-gst-when-i-build-or-buy-a-new-investment-property/ Fri, 09 Sep 2011 23:00:24 +0000 Hi,
An accountant once told me its possible to claim back the GST when I build a new property as long as I dont sell the property with five years.
This is a huge bonus as it is effectively a 9%+ reduction on the price of the house.
I was wondering if somebody can explain to my how this works.

Im not registered for GST myself so I assume I would…[Read more]

]]> a85cbe7cca6fc2f99d1f6f1edebc45dc mark76g replied to the topic Should I set up a family trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404597-should-i-set-up-a-family-trust/#post-4654931 Mon, 05 Sep 2011 07:08:46 +0000 Thanks for the advice .Im still a bit confused.The two properties im buying are positively geared but the depreciation and other write offs should still add up to more than the netprofit from the rent at the end of the year.I could form a unit trust with a corporate trustee to hold the properties but  it sounds like the only real benefit I will…[Read more]

]]> ebd17cb4e721379fabf7a9931434ec63 mark76g replied to the topic Whats the best way to sell my USA property in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402072-whats-the-best-way-to-sell-my-usa-property/#post-4637377 Fri, 03 Dec 2010 03:14:44 +0000 Its in San Antonio texas.

]]> 8aabdcabcf411ac01e5a1330addaa443 mark76g replied to the topic Im having trouble disputing Phil Jones and his deedlien.com website. in the forum Help Needed! https://www.propertyinvesting.com/topic/4400416-im-having-trouble-disputing-phil-jones-and-his-deedlien-com-website/#post-4627317 Fri, 02 Jul 2010 03:34:19 +0000 I stopped using the site back in November 09.
The support and information given on the site was terrible. I actually travelled to the US and wasted 2 months and thousands of dollars going
to deed auctions. The site was no help at all. I paid for a supposed special level of silver support but there was hardly anybody on the silver support forum…[Read more]

]]> 8aabdcabcf411ac01e5a1330addaa443 mark76g replied to the topic Im having trouble disputing Phil Jones and his deedlien.com website. in the forum Help Needed! https://www.propertyinvesting.com/topic/4400416-im-having-trouble-disputing-phil-jones-and-his-deedlien-com-website/#post-4627311 Fri, 02 Jul 2010 03:34:19 +0000 I stopped using the site back in November 09.
The support and information given on the site was terrible. I actually travelled to the US and wasted 2 months and thousands of dollars going
to deed auctions. The site was no help at all. I paid for a supposed special level of silver support but there was hardly anybody on the silver support forum…[Read more]

]]> 8cf189ba5be2de13b7e30b9cfd0a853e mark76g replied to the topic Im having trouble disputing Phil Jones and his deedlien.com website. in the forum Help Needed! https://www.propertyinvesting.com/topic/4400416-im-having-trouble-disputing-phil-jones-and-his-deedlien-com-website/#post-4627313 Wed, 30 Jun 2010 12:40:13 +0000 The company is called north island holdings.My guess is its not an Australian company.One of the bigest problems is that its very hard to prove that the support forums were not even available for months as theyare back now.I wonder if anybody else managed to get out of it.Mark.

]]> 8cf189ba5be2de13b7e30b9cfd0a853e mark76g replied to the topic Im having trouble disputing Phil Jones and his deedlien.com website. in the forum Help Needed! https://www.propertyinvesting.com/topic/4400416-im-having-trouble-disputing-phil-jones-and-his-deedlien-com-website/#post-4627307 Wed, 30 Jun 2010 12:40:13 +0000 The company is called north island holdings.My guess is its not an Australian company.One of the bigest problems is that its very hard to prove that the support forums were not even available for months as theyare back now.I wonder if anybody else managed to get out of it.Mark.

]]> f8fbc6cb8c6d447c587777f534b72bd0 mark76g replied to the topic I need to find $30,000 in a hurry to make this deal work. in the forum I cant get credit cards or https://www.propertyinvesting.com/topic/4400216-i-need-to-find-30000-in-a-hurry-to-make-this-deal-work/#post-4625923 Sun, 13 Jun 2010 03:52:25 +0000 I cant get credit cards or personal loans because I have very low figures on my tax returns. Im self employed and I dont put in BAS.

]]> 99ce6d5fe4356de405b585efbec76244 mark76g replied to the topic Arbitrage Sports betting in the forum Heads Up! https://www.propertyinvesting.com/topic/4394665-arbitrage-sports-betting/page/2/#post-4595319 Tue, 03 Feb 2009 14:46:19 +0000 Hi Terry,Im a profressional gambler I started off a few years ago as a card counter at blackjack but these days i play internet poker.I tried sports arbing about a year ago.There are plenty of arb programs you can buy for a low monthly subscription.I signed up to a uk based company called arb alarm. I think it was about $50 per month.The software…[Read more]

]]> 0f54e419283457d11a8a3df8ef874d6e mark76g replied to the topic A block of units thats pretending to be a house in the forum Value Adding https://www.propertyinvesting.com/topic/4394905-a-block-of-units-thats-pretending-to-be-a-house/#post-4596550 Thu, 11 Dec 2008 05:31:52 +0000 Hi Ip,Thanks for the info ….Follow up questions ….Whats the difference between renting the rooms in a normal house out to say 3 seperate people on three different leases or renting out the strange combo house  that I desribed above to three different people on 3 seperate leases.People lease out rooms in their houses all the time at what p…[Read more]

]]> 9096efc78144daf6859bbaec2d898464 mark76g replied to the topic Help me plan my next move in the forum Help Needed! https://www.propertyinvesting.com/topic/4392996-help-me-plan-my-next-move/#post-4586059 Thu, 24 Apr 2008 07:37:12 +0000 I want to focus on property and im trying to figure out the best stratedgy.

]]> 931558403c28c78a016b229d42649490 mark76g replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Hi, Im looking around for my https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/page/2/#post-4579656 Thu, 24 Apr 2008 01:04:36 +0000 Hi,Im looking around for my next move and your post caught my interest. If theres a shortage do you think its possibe/proffitable to build a house in one of these towns and sell for a good profit.Are there any problems like a shortage of builders of zoned blocks of land  ?Thanks,Mark.

]]> fa64bded4c214d2728d828a551e92814 mark76g replied to the topic Help me plan my next move in the forum Help Needed! https://www.propertyinvesting.com/topic/4392996-help-me-plan-my-next-move/#post-4586056 Wed, 23 Apr 2008 22:51:35 +0000 give90 wrote:
where in the states have you bought? i am much the same position as you are and i am looking at going to the states on and off  long term.

San Antonio in Texas

]]> 52fd4fdf85267c80cfc38a3c28afc2d0 mark76g replied to the topic Out of the ratrace...... in the forum Help Needed! https://www.propertyinvesting.com/topic/4375132-out-of-the-ratrace/#post-4483867 Wed, 18 Aug 2004 07:33:54 +0000 Interesting… can anybody fill me in on the deatils of low doc loans..

I have been making a good second income by trading from my PC for the last couple of years. I would like to do this full time but I’m relucatant to quit my boring office job because I am affraid it might mean the end of my borrowing power forever.

What are the criteria for a…[Read more]

]]> 149f9d0197cfa5853c71d41728a5393a mark76g replied to the topic A couple of questions ... in the forum Help Needed! https://www.propertyinvesting.com/topic/4375480-a-couple-of-questions-3/#post-4486466 Thu, 12 Aug 2004 09:48:11 +0000 Hi,
Can you elaborate on question 2.
What if somebody (not a family memebr) is in financial trouble and you make them an offer say 20% below the market with say a 30 day settlement.

Can you go to the bank with that and use it at part or all of your deposit ?

Thanks …

]]> 13b5f897c118cbefc32446df8ef2de5c mark76g replied to the topic I need some inspiration in the forum Help Needed! https://www.propertyinvesting.com/topic/4375446-i-need-some-inspiration/#post-4486257 Thu, 12 Aug 2004 07:45:59 +0000 That response really isn’t very helpfull.

What are you trying to tell me ?

I have put a fair bit of time in to researching property.

My comment about wraps was purly my opinion. I’m sure there the sort of investment that really suits some people.

But as for my comments about crappy places I can’t see it any other way. I’m not saying people in…[Read more]

]]>