PropertyInvesting.com | mattsta | Activity https://www.propertyinvesting.com/members/mattsta/activity/ Activity feed for mattsta. Sat, 11 Apr 2026 20:20:30 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 cc543361d9d4d46e49e36fcc27309afc mattsta replied to the topic Equity to purchase 2nd property in the forum Help Needed! https://www.propertyinvesting.com/topic/4410866-equity-to-purchase-2nd-property/#post-4990085 Sat, 03 May 2014 15:03:58 +0000 For loan 2, I generally like to use Home Equity Lines of Credit (HELOC) which acts as a separate loan, and whihc you can use for deposits for your next IPs.

]]> 323d3e15c17aef6af1e9d449699c9d3a mattsta replied to the topic Determining property value in the forum Help Needed! https://www.propertyinvesting.com/topic/4864737-determining-property-value/#post-4990084 Sat, 03 May 2014 14:56:00 +0000 Yeah if it’s a regional town and a multi-unit property, >8% is not too unusual because of the lack of demand both from city-dwellers/city-based investors as well as locals in the town.

I bought a multi-unit property in a NSW country town – very CF+ and very profitable – that had a gross rental return of 15%! Still have it today. Always great to…[Read more]

]]> 0c9915a18ff725c5975d1a17a96c4b84 mattsta replied to the topic Positively Cashflow - Looking for example how you keep buying? in the forum Help Needed! https://www.propertyinvesting.com/topic/4989737-positively-cashflow-looking-for-example-how-you-keep-buying/#post-4990083 Sat, 03 May 2014 14:45:45 +0000 Hi Ben,

You have got the main gist of positive cashflow investing, and your question revolves around what JacM called ‘natural equity growth’ – which is a good description.

One of your assumptions was this: ‘So now my equity is down to 30k and for this example let’s say there is no capital growth for 10 years so that figure does not c…[Read more]

]]> ff074ff3553a441ab6e382c8d616173d mattsta replied to the topic Where to find info on best places to invest in Western Sydney? in the forum Help Needed! https://www.propertyinvesting.com/topic/4989799-where-to-find-info-on-best-places-to-invest-in-western-sydney/#post-4990082 Sat, 03 May 2014 14:33:20 +0000 I saw some a few months ago in Western Sydney for around 290 just past the blacktown area.. but they get snatched up very very quickly, and the demand has been driving up prices so that there really isn’t much anymore.

You could wait for the market in Western Sydney to slow or burst and then get into it when prices dip a little – but you may…[Read more]

]]> c32aebbacb97be49f6d6fafae2bc743f mattsta replied to the topic Help for WA investor in the forum Help Needed! https://www.propertyinvesting.com/topic/4989827-help-for-wa-investor/#post-4990081 Sat, 03 May 2014 14:30:55 +0000 Hey Sandtrackers,

Yeah it was a bit hard to read your original post.

Anyway, here are some feedback from some of your comments.

If you’re planning to buy without viewing, be sure to still at least get building inspections and pest inspections done on the property and have the reports sent to you before you settle on the property. That’s what I…[Read more]

]]> dceca87d2295dcf2c0662520511d2343 mattsta replied to the topic Helpful tips for when writing up an offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4989903-helpful-tips-for-when-writing-up-an-offer/#post-4990080 Sat, 03 May 2014 14:24:15 +0000 Also, you could add “Subject to” clauses regarding the acceptability of the building inspection results and pest inspection results.

I always put them in my offers.

]]> 44e588d71d3ab75c0c2c8df3c15c9181 mattsta changed their profile picture https://www.propertyinvesting.com/activity/p/289765/ Sat, 03 May 2014 14:22:11 +0000 405df9b77d1acdf0371b7e420d74c0df mattsta replied to the topic investing in bronxy areas in the forum Help Needed! https://www.propertyinvesting.com/topic/4989913-investing-in-bronxy-areas/#post-4990078 Sat, 03 May 2014 14:19:54 +0000 Agree with TheNewGuy…. If you want Positive Cashflow properties, they generally aren’t achieved through building brand new. That’s from my experience. Look at the numbers yourself.

You’re better off finding existing properties in low-socio economic areas that deliver a high % ROI from the current achievable rents.

]]> 96f5f3e67a2f2b62b8e4b67b7f1f9d49 mattsta replied to the topic Getting Started Property Portfolio in the forum Help Needed! https://www.propertyinvesting.com/topic/4989985-getting-started-property-portfolio/#post-4990077 Sat, 03 May 2014 14:07:21 +0000 The strategies mentioned above are sound. You can use a home equity line of credit (HELOC) in order to borrow against your existing PPOR or first IP.

My suggestion to to focus on the first property and make sure that is good. Take is step by step, and the first step would be to get your first IP. From there, it gets easier to get more propertie…[Read more]

]]> 76e218ae176f5fd6528657e18206b1b6 mattsta replied to the topic How do you find out the vacancy rate for a suburb? in the forum General Property https://www.propertyinvesting.com/topic/4989818-how-do-you-find-out-the-vacancy-rate-for-a-suburb/#post-4990076 Sat, 03 May 2014 13:54:50 +0000 Personally I use the SQM Reseach for vacancy rates. It’s free to use their vacancy rate platform as well, which is very useful.

Other than that I prefer to physically check out the suburb and get a feel for the vacancy, by driving around and talking to RE agents and other investors who have invested in the area.

]]> c4c0c55cf50542b2e444738cff890b01 mattsta replied to the topic Terri Scheer Insurance - Most other answers on here very wishy washy in the forum General Property https://www.propertyinvesting.com/topic/4989996-terri-scheer-insurance-most-other-answers-on-here-very-wishy-washy/#post-4990075 Sat, 03 May 2014 13:51:05 +0000 I’ve been using terri scheer for my properties. So I’m familiar with them. A clearer question from you would be good so we could help.

]]> 5c645634067fdd82bee2fef17e4ff08a mattsta replied to the topic What type of vehicle do you have ?? in the forum Opinionated! https://www.propertyinvesting.com/topic/4381491-what-type-of-vehicle-do-you-have/page/23/#post-4979067 Sat, 19 Apr 2014 12:18:03 +0000 I don’t have a car because I choose not to – mainly because I’d rather purchase properties or put money into my businesses, but also because I work from home mainly, or am travelling. I think it would hurt me more to own a car and have it sit there not being used.

]]> a63d20d7c5fd4b25977c960efbd97803 mattsta replied to the topic BUYING A PROPERTY WITH A PARTNER in the forum Help Needed! https://www.propertyinvesting.com/topic/4410625-buying-a-property-with-a-partner/#post-4698959 Sat, 01 Feb 2014 00:57:01 +0000 I bought my first property with my fiance when she was my only my girlfriend (de facto partner). We shared the mortgage to make it easier, and we talked at length about the commitment to buy a property together.

I think a big factor in it is the trust you have in your girlfriend and the relationship. We had a solicitor help us out with the…[Read more]

]]> 9c078ad6628edcfe4e1b988780327294 mattsta replied to the topic Need help setting up. in the forum Help Needed! https://www.propertyinvesting.com/topic/4410632-need-help-setting-up/#post-4699000 Sat, 01 Feb 2014 00:52:56 +0000 I strongly suggest you have the property in both your names. If it's just in your friends name, and something goes wrong, you may not be able to property exercise your rights to the property.

I think you should write up an agreement in advance about termination, and you could talk it amongst yourselves and get a lawyer to help you fine tune it.

]]> 8ce6b67778b7fac73c6ce9796700b03c mattsta replied to the topic Working out what to pay for investment property based on rental return? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410628-working-out-what-to-pay-for-investment-property-based-on-rental-return/#post-4698979 Sat, 01 Feb 2014 00:50:43 +0000 If you're worried about the hidden surprises, you could do due diligence and inspect it yourself, as well as get pest inspection and building inspection done.

For gang issues, you could visit the property and get a feel of the surrrounding neghbourhood. Also talk to some locals in the area to figure out the good and bad areas.

]]> 71dd66ab84a5c70b9f09f087cc8f990c mattsta replied to the topic Broken hill - anyone own property there? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409375-broken-hill-anyone-own-property-there/#post-4690888 Sat, 01 Feb 2014 00:47:41 +0000 When looking at BH properties, don't forget to check out the costs of holding property there. I think from my previous research, the council rates were generally higher than other places and also the property management fees are higher too. I think the reason being the distance away from other major towns bumps up the rates and fees. As long as…[Read more]

]]> b623c7d2dbdf1eb73609ce4969d827e4 mattsta replied to the topic Tenant been harrased by a neighbour in the forum Help Needed! https://www.propertyinvesting.com/topic/4410622-tenant-been-harrased-by-a-neighbour/#post-4698950 Sat, 01 Feb 2014 00:41:01 +0000 I've been renovating one of my block of flats, and while I've been here, one of the tenants went on a drunk rampage against another tenant. I was there while it happened, and had to call the police. Very frustrating stuff!

It is a little awkward to kick him out while I'm here doing renos, but when I leave in the next few days, I'm going to make…[Read more]

]]> c968423008bb207ca13fd0c384574125 mattsta replied to the topic A Question For Steve in the forum General Property https://www.propertyinvesting.com/topic/4383601-a-question-for-steve/page/2/#post-4537672 Sat, 25 Jan 2014 03:56:24 +0000 Hey MiniMogul,

Great story! Read through it all, even though it was a little long – it certainly was detailed and very inspirational.

I'm just getting into NZ properties now, and agree with you about the benefits. I already have 5 units in Australia, but the benefits of NZ cashflow positive properties are very alluring, and my next properties…[Read more]

]]> ee76cb421a86b29a52bb0f1af0c2a820 mattsta replied to the topic "The big picture" - for new readers especially... in the forum General Property https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/#post-4697968 Sat, 25 Jan 2014 03:47:20 +0000 Hey Benny, I like how you have found some real gems in the forum. It's often hard to trawl through so many of the forum's posts to get to the ones wit hthe great insights… Keep it up!! I think it will really be useful for the newbies (And even the more seasoned) investors out there

]]> 07eedb227d6795d133413cc0b18eb5b2 mattsta replied to the topic The old convert the PPOR trick.. in the forum Help Needed! https://www.propertyinvesting.com/topic/4410581-the-old-convert-the-ppor-trick/#post-4698680 Sat, 25 Jan 2014 03:42:57 +0000 Personally, I'd go for a longer term rental. I'd rather have the consistency, and it will be much easier to get finance – and since it's less of a hassle, it could mean more time for you to focus on growing your portfolio.

]]> 6849397e629079f6198968b2759b1100 mattsta replied to the topic Putting down a Deposit / Making an offer questions in the forum Help Needed! https://www.propertyinvesting.com/topic/4410586-putting-down-a-deposit-making-an-offer-questions/#post-4698710 Sat, 25 Jan 2014 03:39:23 +0000 I also make my my offers subject to finance and subject to inspection results that are satisfactory. I'd also put an expiry date on the offer, perhaps 7 days after your offer, so that it gives them a sense of urgency

]]> bd3a66085fe12ba4c1c35760c21aa5da mattsta replied to the topic How to know if the rental market in a area? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410583-how-to-know-if-the-rental-market-in-a-area/#post-4698696 Sat, 25 Jan 2014 03:36:29 +0000 Hi,
Another tip to check out whether the rental market is good in an area is to check out the vacancy rates of a suburb.

You can find this out by talking to local real estate agents/ property managers, OR I think SQM research has an online website which gives out free vacancy rates for suburbs.

Good luck!

]]> cc3d6ace0f695a10e033f80809d93aa9 mattsta replied to the topic Hello Friends in the forum Help Needed! https://www.propertyinvesting.com/topic/4410589-hello-friends/#post-4698718 Sat, 25 Jan 2014 03:33:58 +0000 Hello!

If you have any questions or any property stories, you're welcome to share them, and the community will try and help you out

]]> a480afafeefc11dac4b7f887aa63329a mattsta replied to the topic Happy New Year in the forum Forum Frolic https://www.propertyinvesting.com/topic/happy-new-year-7/#post-4697800 Sat, 25 Jan 2014 03:33:11 +0000 Yep, Happy Australia Day long weekend everyone – The Year is getting along, and the first month is almost done.

All the best in your property goals and achieving them in 2014!!!

]]> c56b6ed3bd7c52dc7c3944d666d7cdff mattsta replied to the topic what inflation rate min/max for retirement planning?? in the forum Finance https://www.propertyinvesting.com/topic/what-inflation-rate-minmax-for-retirement-planning/#post-4698721 Sat, 25 Jan 2014 03:30:04 +0000 For a) I would go for about 3% per annum, using 3% as the average. But if you want more detailed inflation averages, you could look at historical interest rates in Australia, e.g. in last 20 years, and use the average of that as your figure.

]]> a754c02b63fd74c8967d3d1359e0c65e mattsta replied to the topic Follow the advice of Warren Buffett or not? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410593-follow-the-advice-of-warren-buffett-or-not/#post-4698733 Sat, 25 Jan 2014 03:26:14 +0000 Hey Kate. I think Warren Buffett's quote is a good overall philosophy – and your timing certainly is a factor.

Though For me personally, if the numbers still add up for a certain deal, and the projected return on investment is still worthwhile, then I would go ahead.

BUT if market conditions are making it so that greed in the market is making it…[Read more]

]]> db0f3e263077919b4f5cf06644d90bad mattsta replied to the topic Best Online Calculator? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410594-best-online-calculator/#post-4698736 Sat, 25 Jan 2014 03:21:23 +0000 Freckle's spreadsheet is a good resource.

For me personally, I like to use the online NAB home loan calculator.

If you're making a more sophisticated calculation, then making your own customised calculator from a spreadsheet would be a good idea – or at least check out Freckle's spreadsheet, and then edit it according to your personal…

]]> 44f4808b74e955ee38eb8a3ea9f701c7 mattsta replied to the topic Interstate buying in the forum General Property https://www.propertyinvesting.com/topic/4410587-interstate-buying/#post-4698717 Sat, 25 Jan 2014 03:17:54 +0000 If you're really keen on buying interstate, and not visiting it, you could do other forms of due diligence such as ordering building inspection reports and pest inspection reports from contractors in the area.

You could also get other kinds of more thorough inspections for plumbing and electric. For the reports, you could get them to mail it to…[Read more]

]]> 2c355980d71fb512865e44620a0a2611 mattsta replied to the topic How best to use a short term cash loan? in the forum Finance https://www.propertyinvesting.com/topic/4410550-how-best-to-use-a-short-term-cash-loan/#post-4698511 Sat, 18 Jan 2014 07:04:16 +0000 For me personally, I would do: b) Buy the property with a 20% deposit, and ignore the rest of the cash. I would want to be in debt to my friends as little as possible, just in case anything stuffs up.

]]> 9eba2ab1492b71e1f83576734ec2264a mattsta replied to the topic Buying in the western suburbs in victoria in the forum Help Needed! https://www.propertyinvesting.com/topic/4410552-buying-in-the-western-suburbs-in-victoria/#post-4698539 Sat, 18 Jan 2014 06:58:02 +0000 To help you out, you could also check out some of the demographic info and comparative house prices of those western suburbs. You could use free research from the resdex website and the sqm website.

]]> c1357dc5c11ec1bc41e130184d59f54c mattsta replied to the topic Answers to "Where to Find CF+ Deals" in the forum Help Needed! https://www.propertyinvesting.com/topic/4384472-answers-to-where-to-find-cf-deals/page/25/#post-4542349 Sat, 18 Jan 2014 06:55:43 +0000 I don't tink mining towns are all that bad, in my opinion. The criticism seems to be that mines can shut down quickly and leave your property rental income in the dust. That's true, and to avoid that potential risk, I'd suggest to find mining towns that have other industries that are significant in the town. Also check that the regular population…[Read more]

]]> 4b243d41faa5c1c1f7d136e6c34c6d54 mattsta replied to the topic Investing in Canada as a non-resident in the forum Overseas Deals https://www.propertyinvesting.com/topic/investing-in-canada-as-a-non-resident/#post-4683552 Sat, 18 Jan 2014 06:52:48 +0000 I'd also look into investing in the US, since you're in North America already. There are alot more resources (especially for Australians) for investing in the USA.However, I'd also compare the potential returns and the convenience for you between US and Canadian investing.

]]> a722ac0504b7f7f6e57562ee61129de8 mattsta replied to the topic Strategy To Building Our Portfolio in the forum Help Needed! https://www.propertyinvesting.com/topic/4410526-strategy-to-building-our-portfolio/#post-4698263 Sat, 18 Jan 2014 06:49:20 +0000 If you want to achieve the goal of '$150K plus net passive income', figure out the monthly net income that you need. Then from there, allocate your 1.0million to buy enough positive cashflow properties that progressively get you closer to your target monthly net income. That's what I'd do. Start with the goal in mind, then work…[Read more]

]]> e66b53994056c5bac347b46d065e8426 mattsta replied to the topic Seminar's in the forum General Property https://www.propertyinvesting.com/topic/4410551-seminars-4/#post-4698533 Sat, 18 Jan 2014 06:43:29 +0000 I'd keep the $7 for a deposit instead. You can get the same information from those high priced seminars from cheap books or from free forums like this!

]]> f057e37d08e44d6c9f5cf85d4f4f54a7 mattsta replied to the topic Mentoring / coaching advice in the forum Help Needed! https://www.propertyinvesting.com/topic/4410554-mentoring-coaching-advice/#post-4698547 Sat, 18 Jan 2014 06:41:58 +0000 There are some really expensive seminars in the thousands of dollars. Many of the free ones also tend to go through alot of fluff and not the specific details. That's what I found when I started and wnated to learn more. I found actually that reading books was much more informative, and not to mention cheaper!

]]> 9ca90c47d124d850b14da391ca453dd3 mattsta replied to the topic Advice please in the forum Help Needed! https://www.propertyinvesting.com/topic/4410538-advice-please-21/#post-4698349 Sat, 18 Jan 2014 06:40:23 +0000 If I were you, I'd buy the house and land. The value of land goes up much faster than buildngs. My first investment property included both house and land.

]]> c05aa44559fdae612a1aa819a6f4658c mattsta replied to the topic Advice please. Consolidating and purchasing. in the forum Finance https://www.propertyinvesting.com/topic/4410556-advice-please-consolidating-and-purchasing/#post-4698563 Sat, 18 Jan 2014 06:38:06 +0000 With that personal loan of $24k, you're probably best to pay that off as soon as possible. Is it bad debt? or did you get that personal loan so that you could buy property with the 24k?

]]> cf2c4ed879c847f0aa0a97f64ec0f29b mattsta replied to the topic Decisions! Decisions! So many choices! in the forum Help Needed! https://www.propertyinvesting.com/topic/4409262-decisions-decisions-so-many-choices/#post-4690248 Fri, 03 May 2013 13:18:37 +0000 I think option 1 would be the best. I am cautious about mining towns. Too risky and I am a very careful person. Option 3: you need to check potential renters in that area. If well off people live there, it is a possibility you cheap one bedroom might sit unrented. 

]]> 9886dd9ebe14cc3254ffed3fd25a2037 mattsta replied to the topic How can I find a good real estate investment coach? in the forum Help Needed! https://www.propertyinvesting.com/topic/4399799-how-can-i-find-a-good-real-estate-investment-coach/#post-4623673 Fri, 03 May 2013 13:11:31 +0000 Reply after 2 years? Is not it too late? I see a bad customer service here… I am sure your client have already found a new coach. 

]]> c0c6d4f06e91dbf416f55dca254c051c mattsta replied to the topic Help in the forum Help Needed! https://www.propertyinvesting.com/topic/4409274-help-43/#post-4690325 Fri, 03 May 2013 13:04:39 +0000 I recommend you to read more forums. Then decide what your goals are, what properties you would be interested to invest it, what price range for properties and etc. Trust me forum is a great tool to learn PI. Good luck!

]]> f4d3660a32f3c41e961c0cc510d0061f mattsta replied to the topic My little girl :-) in the forum Forum Frolic https://www.propertyinvesting.com/topic/4409163-my-little-girl/#post-4689665 Fri, 26 Apr 2013 19:52:40 +0000 Congratulations Jamie! Parenthood is the best thing! I know from my own experience:-) 

]]> 63bc506e1532dba47e613d264263ed86 mattsta replied to the topic Are you serious? in the forum General Property https://www.propertyinvesting.com/topic/4409159-are-you-serious-2/#post-4689634 Fri, 26 Apr 2013 19:50:48 +0000 Is he giving a million away? He can surely send it my way lol

]]> cc0d00abbe0d745b4d30579f6ad46bb0 mattsta replied to the topic Just signed a contract, what next???? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409217-just-signed-a-contract-what-next/#post-4690025 Fri, 26 Apr 2013 19:39:05 +0000 You will need building insurance, pest inspection, landlord insurance. Google around to find the insurance that is highly recommended. 

]]> 7eaec7113336dcc50d4dcb4eb56f9947 mattsta replied to the topic Neutral property in the forum Forum Frolic https://www.propertyinvesting.com/topic/4409195-neutral-property/#post-4689852 Fri, 19 Apr 2013 19:55:59 +0000 Honestly did not hear about that. Neutral property investment does not sound very smart to me. I might be wrong so. I would appreciate more info about it. 

]]> 714375c420ec638edb670c8d1fcf067a mattsta replied to the topic 22 YO / PPoR or IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4409170-22-yo-ppor-or-ip/#post-4689724 Fri, 19 Apr 2013 19:17:59 +0000 If you stay away from home most of them time, I would probably start PI first. But you need to decide for yourself-what is the most important thing for you now: have your own house or start building your PI portfolio. Either way good luck to you!

]]> 89579766792280e9bb2588c1ddcf1e51 mattsta replied to the topic 18 yo wants to start property development in the forum Help Needed! https://www.propertyinvesting.com/topic/4404664-18-yo-wants-to-start-property-development/#post-4655447 Fri, 19 Apr 2013 18:58:59 +0000 Carpentry is a good skill to have, but it is not necessary for property development. Read books on PI, find a good mentor to help you out, read forums and research before you buy any property. PI is a risky business. You can make a lot of money from it, but you can loses everything fast as well. God luck!

]]> 05a4439528e2a7243b4288483ae6c252 mattsta replied to the topic Pros and cons of purchasing an investment property next to a Police Station? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409143-pros-and-cons-of-purchasing-an-investment-property-next-to-a-police-station/#post-4689506 Fri, 12 Apr 2013 21:22:05 +0000 I think it is an advantage. I personally lived close to a police station in my early 20ies and I felt safer. I think if your property is in a nice neighborhood, being close ot the police station should attract good tenants. 

]]> cf58774de75305a413a819cb7b64505c mattsta replied to the topic Rent to own/ vendour finacing in the forum Help Needed! https://www.propertyinvesting.com/topic/4406514-rent-to-own-vendour-finacing/#post-4669221 Fri, 12 Apr 2013 21:16:15 +0000 It can be a good option. I have never done it myself and I am not that experience in it, but some of my friends did rent to own PI and were happy about it. The posts above are the great source of information and I am sure will help you out. Just do a research and you will see immediately if it is a good option for you or not. 

]]> f28f7ed79eadaae18fe1e80b8cff8c37 mattsta replied to the topic Property Investing Course in the forum Help Needed! https://www.propertyinvesting.com/topic/4409141-property-investing-course/#post-4689468 Fri, 12 Apr 2013 21:11:42 +0000 I would recommend you to get a job in Real Estate Market. I have been in school for a long time, but I got real knowledge and experience when I started working. Good luck! I also know that companies prefer experience over education as well. 

]]> 50722d012b39257016227aebd7e7df9c mattsta replied to the topic Not feeling too confident in the forum Help Needed! https://www.propertyinvesting.com/topic/4409142-not-feeling-too-confident/page/2/#post-4689499 Fri, 12 Apr 2013 21:07:23 +0000 What's wrong? When I feel low I listen to my favorite music. It really helps me to get into a right mood to keep going. Let us know if we can help with anything. 

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