PropertyInvesting.com | Maruco | Activity https://www.propertyinvesting.com/members/maruco/activity/ Activity feed for Maruco. Mon, 13 Apr 2026 09:17:09 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 da6943d924cf895620af2f108a493328 Maruco replied to the topic Cronulla Debacle in the forum Forum Frolic https://www.propertyinvesting.com/topic/4383535-cronulla-debacle/#post-4537236 Fri, 16 Dec 2005 23:06:07 +0000 nazzysmith0153,
It is just that I am worried for my sons, that’s all.
I read a news that a 19-year-old boy was bashed because of how he looked (lebanese), even though he argued that he is an Australian, too.
I know there are lots of, lots of wonderful Australian people (well, who are the Australian now?) but we, as an Asian, encounter some…[Read more]

]]> 3864efdf56813457fee28239574b4a25 Maruco replied to the topic Cronulla Debacle in the forum Forum Frolic https://www.propertyinvesting.com/topic/4383535-cronulla-debacle/#post-4537233 Fri, 16 Dec 2005 09:04:01 +0000 Appearance is everything, huh?
So those children who have European appearance get to call themselves as “Aussie” and people accept it, but those children who don’t have European appearance won’t get to call themselves as “Aussie” because some people won’t accept it.
Oh dear, dear.
His dad traveled around several countries as he grew up and calls…[Read more]

]]> 660be9984d4117f4e5a49e06c6641e46 Maruco replied to the topic Cronulla Debacle in the forum Forum Frolic https://www.propertyinvesting.com/topic/4383535-cronulla-debacle/#post-4537228 Thu, 15 Dec 2005 21:27:16 +0000 I feel it is already wrong that people call each other as Lebanese, Aussie,or Asian, especially in this topic.
I prefer not to be called “Asian” because I am a Japanese and not a Chinese or Korean.
But normally people call us “Asian” and think we are all same.
My son says, “My mum is a Japanese and my father is a Chinese, but I am an…[Read more]

]]> a52730b39150c950d8591441d74f4326 Maruco replied to the topic What's your occupation ?? in the forum No Subject https://www.propertyinvesting.com/topic/4382904-whats-your-occupation/page/2/#post-4533846 Thu, 01 Dec 2005 11:26:43 +0000 I am a Family Day Care carer.
Started in year 2000. I wanted to work in a child care centre, but I didn’t want to leave my own children to anyone else, so started looking after other children at home, too.
The reality of looking after 5 children all under 5 years old at a time is not that simple.
I get very depressed in winter time when all 5…[Read more]

]]> f9ee865b4d025b5bc51f7ec55b594f64 Maruco replied to the topic DEPOSIT in the forum Finance https://www.propertyinvesting.com/topic/4383403-deposit-5/#post-4536616 Thu, 01 Dec 2005 10:43:41 +0000 I am not a seasoned investor at all, but I made a written offer to a real estate agent with just $3,000 deposit for $93,000 property, which was accepted without any problems.
I heard before somewhere that agents don’t mind as long as the deposit covers their commission.
I read in a book even $1,000 should be all right.

]]> f366b3d38cecf47bd5a934da073a9818 Maruco replied to the topic Cairns(manunda) property management fees in the forum General Property https://www.propertyinvesting.com/topic/4383123-cairnsmanunda-property-management-fees/#post-4534947 Thu, 17 Nov 2005 09:50:33 +0000 Sorry, the building inspection was from NQBR.
TKO did the pest inspection.

]]> 89435756ce04119406ea04c61b3581f3 Maruco replied to the topic Cairns(manunda) property management fees in the forum General Property https://www.propertyinvesting.com/topic/4383123-cairnsmanunda-property-management-fees/#post-4534946 Thu, 17 Nov 2005 09:42:20 +0000 Hello.
I recently settled on one bedroom unit in Manoora.
I simply asked the same agent I bought from to manage it.
They charge 7.5%.
I am not sure if they manage the unit well or not as the unit’s condition was not so perfect when I bought. I had to ask the vendor to fix the leaking shower wall and replace the hotwater tank as it was leaking and…[Read more]

]]> 3efeb52bfec497b46f9c4e997bc929d0 Maruco replied to the topic No idea about trust. Which book to read? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4382507-no-idea-about-trust-which-book-to-read/#post-4531450 Sun, 02 Oct 2005 22:43:56 +0000 Thank you very much, everyone.
I will send an e-mail to Derek for “Trust Magic Index”.
First I study about trusts, and then I will go and talk to an accountant.

]]> 4f91f493934102d86d7260151f330a4e Maruco replied to the topic "Buy & Hold", but how long? in the forum Help Needed! https://www.propertyinvesting.com/topic/4382443-buy-hold-but-how-long/#post-4531054 Wed, 28 Sep 2005 08:02:03 +0000 Thank you everyone.
I feel much better now.

BDM:
Even a hastily built apartment block will probably last longer than you or I.

Well, that was a relief!

]]> b23b0928c3317710c14531f0e1d74849 Maruco replied to the topic "Buy & Hold", but how long? in the forum Help Needed! https://www.propertyinvesting.com/topic/4382443-buy-hold-but-how-long/#post-4531050 Tue, 27 Sep 2005 19:49:53 +0000 Thank you, Finance Friend.
It means investing in units is not so attractive, doesn’t it?
After owning units for some time and it became too old, what’s going to happen?

]]> 2972fd7d2fd7953ae765a03da840516a Maruco replied to the topic what do you think about less than 50sqm unit? in the forum Help Needed! https://www.propertyinvesting.com/topic/4382267-what-do-you-think-about-less-than-50sqm-unit/#post-4529932 Tue, 20 Sep 2005 20:23:38 +0000 Thank you, Anne and Celivia.
But I didn’t inspect or never been to the city.
I just picked on internet and called agents to get more information about what I needed to know.
I made sure to include escape clauses such as “subject to finance” in case a bank think it doesn’t worth the price, “subject to building inspections” to be sure the building…[Read more]

]]> f487e7c5b4d1dabf827b36d73a3bc6ae Maruco replied to the topic what do you think about less than 50sqm unit? in the forum Help Needed! https://www.propertyinvesting.com/topic/4382267-what-do-you-think-about-less-than-50sqm-unit/#post-4529929 Sat, 17 Sep 2005 23:07:24 +0000 Yeah, that’s right.
It is just I am so used to live in a small space like Hong Kong, Japan, I actually enjoy living in a small unit. You know, you can reach everything if you stretch your arms.
When people get older, warm climate, handy location to CBD & hospital, a little walk on a beach sounds very nice.
Now I’m really looking forward to retiring!

]]> ebf76cf8429c88f36a3f9f2bbd626c9f Maruco replied to the topic what do you think about less than 50sqm unit? in the forum Help Needed! https://www.propertyinvesting.com/topic/4382267-what-do-you-think-about-less-than-50sqm-unit/#post-4529927 Sat, 17 Sep 2005 05:43:58 +0000 Thank you very much everyone.
I called another agent and she said 90% of 1 bed units in the city are less 50sqm. And the one she was selling was also only 40sqm and the price was $16,000 more than the one I was considering…
Well, my wonderful mortgage broker (he is from this forum) got an approval of 80% loan from a good bank, so I made an…[Read more]

]]> 382e64c41cb89ba54e67aeaabb35f560 Maruco replied to the topic what do you think about less than 50sqm unit? in the forum Help Needed! https://www.propertyinvesting.com/topic/4382267-what-do-you-think-about-less-than-50sqm-unit/#post-4529922 Fri, 16 Sep 2005 21:02:14 +0000 Thank you for your opinions.
In relation to the bargaining power, I thought in the same way.
I offered $8,000 below the asking price and the vendor counter offered just $2,000 below the original asking price.
I went up $2,000 more, but he didn’t accept it.
The prop is in market more than 2 1/2 months because of the size problem, but the vendor is…[Read more]

]]> e67b046c121ede15176447c8fb688e74 Maruco replied to the topic Need a solicitor & building inspector in Cairns in the forum No Subject https://www.propertyinvesting.com/topic/4382204-need-a-solicitor-building-inspector-in-cairns/#post-4529418 Wed, 14 Sep 2005 09:36:27 +0000 Thank you so so much, Shwing.
I’d like to start negotiating.

]]> 9421d260102ac723c5b6e4abb02da540 Maruco replied to the topic Depreciation Schedule for an old house in the forum Help Needed! https://www.propertyinvesting.com/topic/4381892-depreciation-schedule-for-an-old-house/#post-4527597 Sat, 27 Aug 2005 20:54:15 +0000 Thank you, Celivia and Mortgage Hunter.
I will send an email to Depreciator and ask when is the good time to obtain the depriciation schedule.
The house balcony needs a bit of repair.
So now or after the repair….

]]> 324672ed69ddf70b124584177e347e05 Maruco replied to the topic Not happy with property manager today in the forum Help Needed! https://www.propertyinvesting.com/topic/4381863-not-happy-with-property-manager-today/#post-4527450 Sat, 27 Aug 2005 04:52:11 +0000 It seems that many investors are active contacting PM often, but don’t they think of you a fussy investor or busybody?
I was trying NOT to contact them too often…. I thought I might be interfering their business…

I should feel more confident to contact them often now after reading this post.
Thanks.

]]> e35e190744541197ddace65f2fffedf2 Maruco replied to the topic Positive cashflow with commission house. in the forum Help Needed! https://www.propertyinvesting.com/topic/4381686-positive-cashflow-with-commission-house/#post-4526256 Fri, 19 Aug 2005 10:57:05 +0000 Yes, you are right.
I will go there next week and have a look around the area.
The agent told me that a few houses were actually burned down on this particular street…..
Hmmmmm, do I make an offer?????
I’ll think about it…

]]> e03b82f20f4938fc448184b7ba047662 Maruco replied to the topic Positive cashflow with commission house. in the forum Help Needed! https://www.propertyinvesting.com/topic/4381686-positive-cashflow-with-commission-house/#post-4526252 Tue, 16 Aug 2005 09:07:20 +0000 Thank you very much for all the information.
With your info, I contacted another agent and asked “which area to avoid”.
The agent put up the exact street name the properties were on.
It seems the particular street is really rough.
Probably “the worst area of the town”.

How positive?
If I calculate with the asking price, the yield is 8.76%.
If I…[Read more]

]]> d0dc4851a852159a60806765b7cbbb33 Maruco replied to the topic Positive cashflow with commission house. in the forum Help Needed! https://www.propertyinvesting.com/topic/4381686-positive-cashflow-with-commission-house/#post-4526247 Mon, 15 Aug 2005 09:25:20 +0000 I misunderstood what the agent said.
It was a privately owned house but in commission area.
I thought if it was a commission house, normally government has a long waiting list, so no need to worry about vacancy.
However, if it was privately owned in commission area, the question is “who want to live in those area when they have other choices?”
The…[Read more]

]]> 8d73f11e5fb8dec7fd01cd1989394dfe Maruco replied to the topic please explain what is a Second Mortgage in the forum Finance https://www.propertyinvesting.com/topic/4381396-please-explain-what-is-a-second-mortgage/#post-4524164 Sat, 30 Jul 2005 21:34:16 +0000 If nothing left, he gets nothing?
I understand that the first mortgagee is only interested in recover their loss.
What if the father in law had registered as a secound mortgagee or had put a caveat on it?
Does it protect his investment money?

]]> 32cffbf60cd9dca8c165993dcc09d077 Maruco replied to the topic Having a trouble with a solicitor in the forum Help Needed! https://www.propertyinvesting.com/topic/4381351-having-a-trouble-with-a-solicitor/#post-4523923 Fri, 29 Jul 2005 09:01:52 +0000 It was my first time to buy IP, so I don’t know how it is like normally.
If the conveyancing job costs only $300, I was really ripped off. (and they are asking more?!)
This firm had all the records of incoming and outgoing calls with charges.
I was getting so many calls from the firm a day.
My parents said, “we never got so many calls from…[Read more]

]]> 93df74d0eae07ba7aedcf08297989eed Maruco replied to the topic Having a trouble with a solicitor in the forum Help Needed! https://www.propertyinvesting.com/topic/4381351-having-a-trouble-with-a-solicitor/#post-4523921 Fri, 29 Jul 2005 03:54:46 +0000 Terryw.
The reason why I got the estimate repair cost from the solicitor was that the solicitor arranged the building inspection and the inspector sent the result to him (or N).
The inspeciton was done only on the due date for the inspection (subject to inspections) and I heard the result only at 3pm.
I was panicked.I had to make a decision…[Read more]

]]> a76621d0e756198d9b0b7a51be1d1392 Maruco replied to the topic Having a trouble with a solicitor in the forum No Subject https://www.propertyinvesting.com/topic/4381351-having-a-trouble-with-a-solicitor/#post-4523920 Fri, 29 Jul 2005 03:11:45 +0000 Thank you everyone.
If the solicitor contacted me, I would say “let me talk to Department of Fair Trading.” and see how it goes.
If they didn’t, it means I don’t have to pay the extra, so I will just let it go.
Thank you.

]]> 675205ddc70ddbefa5fece45876fc6a5 Maruco replied to the topic Having a trouble with a solicitor in the forum Help Needed! https://www.propertyinvesting.com/topic/4381351-having-a-trouble-with-a-solicitor/#post-4523915 Thu, 28 Jul 2005 20:43:16 +0000 Thank you for the reply.
Why did I use the inexperienced girl?
When I had to terminate the first IP contract because of the termite problems, they sent me a report of money transactions.
I saw everytime I spoke with this solicitor on a phone for a few minutes, they charged me more than a hundred dollars because of his high rate $195/h.
So I was…[Read more]

]]> ea3b17129d05d0d9dc45bda6acc05c52 Maruco replied to the topic Japan is cheap! in the forum No Subject https://www.propertyinvesting.com/topic/4381300-japan-is-cheap/#post-4523632 Tue, 26 Jul 2005 09:28:55 +0000 I am a Japanese, but now live in Sydney with a permanent visa.
Do you think it is possible for me to get loan in Japan to buy IPs here in Australia?
Or I have to live & work in Japan to get loan?
Or do you think it is possible that I ask my sister to get loan and joint venture to buy IPs here?
I didn’t know that the interest rate was so low to…[Read more]

]]> b8cb56337452afdcdcd6dbf17a1e3dc4 Maruco replied to the topic Which City/Suburb you live? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4369744-which-citysuburb-you-live/page/13/#post-4442460 Fri, 22 Jul 2005 07:16:52 +0000 I live in Epping, NSW.

]]> 46060471cefca2692fbf28e4ce9680a7 Maruco replied to the topic Adult children living at home in the forum Opinionated! https://www.propertyinvesting.com/topic/4381236-adult-children-living-at-home/#post-4523182 Thu, 21 Jul 2005 10:52:52 +0000 I’ve got a good saving habit from my mum.
Since young (probably around 8 or 9), I put all my money into term deposit accounts and enjoyed the number added up.( I don’t know whether children are allowed to open term deposits here, but it was allowed in my country, Japan.)
Now I have 2 boys 8 & 4, and since I commited myself to investing in…[Read more]

]]> ae806ee9bc9c7103a55574e475ed97d1 Maruco replied to the topic caveat on sandwitch lease in the forum Help Needed! https://www.propertyinvesting.com/topic/4381121-caveat-on-sandwitch-lease/#post-4522500 Sun, 17 Jul 2005 03:07:56 +0000 Thank you for your reply.
I have bought an IP recently, and since it is negative gearing, I am sort of stuck at the moment.
And I am reading here and there to get more knowledge to move forward, and I came across this idea of “sandwitch lease” which I don’t need to put any money down from my pocket.
The solicitor I used to purchase the IP was a…[Read more]

]]> e301f057034269639160889c58170819 Maruco replied to the topic Rockhampton, Qld. in the forum Help Needed! https://www.propertyinvesting.com/topic/4381161-rockhampton-qld/#post-4522729 Sun, 17 Jul 2005 00:56:07 +0000 Why is it disgraceful?

]]> c8d2658154fc03faabff0c7a3c057d15 Maruco replied to the topic Rockhampton, Qld. in the forum Help Needed! https://www.propertyinvesting.com/topic/4381161-rockhampton-qld/#post-4522725 Fri, 15 Jul 2005 10:54:01 +0000 I did a bit fo research to buy an IP in Rockhampton about 7,8 months ago.
My budget was about $100,000, and I still saw several properties under $100,000 at that time.
And then one magazine (was it Your Mortgage?) put Rockhampton as a hottest area, and after that property prices went up a lot.
One investor from Rockhampton said to my husband,…[Read more]

]]> fc7831b21a12fab65b4c6f04fcd88c1e Maruco replied to the topic Are seminars scams? in the forum No Subject https://www.propertyinvesting.com/topic/4380050-are-seminars-scams/page/3/#post-4514584 Sun, 10 Jul 2005 00:50:27 +0000 I have been to a seminar which collected very good speakers, such as Micheal Yardley, Ed Chan, Bill Zheng, etc.
They talked about finance, developping, structures, depreciation, all sort of stuffs.
Even those experts in one area were learning from other experts in another area and it was just great.
I found a seminar which will be held at Noosa in…[Read more]

]]> 8478684c3d6e4ed48e1a0f4ac0b0404e Maruco replied to the topic The end of wrapping in Qld????? in the forum No Subject https://www.propertyinvesting.com/topic/4380286-the-end-of-wrapping-in-qld/page/2/#post-4516570 Sat, 09 Jul 2005 11:19:19 +0000 When I read Mr. Rick Otton’s “rent 2 own” pack and “the wrap pack”, I was very excited and loved the idea of helping tenants to own a house while I could make some profit out of it in shorter period than just holding it to wait for the capital growth.
I have read some articles which were against “wrapping”, but some points they mentioned were…[Read more]

]]> bfc37d64629ba3ea5e59c2e4ec80e871 Maruco replied to the topic How to Make Money With Lease Options in the forum Creative Investing https://www.propertyinvesting.com/topic/4380314-how-to-make-money-with-lease-options/#post-4516861 Sat, 09 Jul 2005 10:04:42 +0000 I am very interested in “Lease Option” and I actually tried to close the deal in Logan area, QLD.
I put an ad and received about 20 calls, but nobody had any money aside for an option fee.
Anyway, my question is that how to make tenants to pay for the repairs while they are just renting the place with an option to buy later?
I have read Mr. Rick…[Read more]

]]> 905148428723ab09a762996895a623d2 Maruco replied to the topic Woodridge in the forum Help Needed! https://www.propertyinvesting.com/topic/4380919-woodridge/#post-4521103 Sat, 09 Jul 2005 04:11:22 +0000 Eagleby… I read somewhere in a newspaper saying that the area has very high criminal records and cops can’t handle it.
I recently bought a house in Logan Central, and agents said that they don’t have enough rental properties and the vacancy rate is less 1-2%.
But people who are renting the area can only afford the rent and nothingelse.
I tried…[Read more]

]]> 987eb52d329d8a24ddfc1980c46e0b36 Maruco replied to the topic I am lost~~ in the forum Help Needed! https://www.propertyinvesting.com/topic/4381080-i-am-lost/#post-4522239 Sat, 09 Jul 2005 03:09:51 +0000 I read Anita Bell’s book and in there she wrote something like : You can find someone who wants to buy a house using FHOG, and swap the house for 6 months with you to make use of it.

]]> 10777a1790190393bdcdacbb5c4fde86 Maruco replied to the topic Accountant in the forum Help Needed! https://www.propertyinvesting.com/topic/4381011-accountant-9/#post-4521781 Sat, 09 Jul 2005 02:16:55 +0000 Yes. Ed Chen is very good. Full of knowledge about property investing and structure, of course.
He also speaks at property seminars.

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