PropertyInvesting.com | mckero | Activity https://www.propertyinvesting.com/members/mckero/activity/ Activity feed for mckero. Sun, 12 Apr 2026 21:55:46 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 0febf4bb060ca88e04551ad964e2c26a mckero replied to the topic Help!!! Negative Equity what are our options? in the forum Help Needed! https://www.propertyinvesting.com/topic/5008134-help-negative-equity-what-are-our-options/#post-5008601 Thu, 11 Jun 2015 11:33:30 +0000 Yazdan,
I agree with the previous post. You have some difficult decisions and they need to be made now. In this situation you cannot afford to be picky. You’re in dire straits and discarding the share house/border options because you have teenagers sounds like you’re still trying to look good (and protect the children’s status) even thoug…[Read more]

]]> f2e022d7100b30547a4d53a1c87cc3e3 mckero replied to the topic Renting to family in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4396699-renting-to-family-2/#post-4606401 Tue, 14 Jul 2009 11:24:44 +0000 Second question first.  You can get rent sheets from the local real estate agents find out what something similar is renting out for.  Or get 2 or 3 property managers to go through for a rental assessment.  If they know they're not the only ones offering an assessment they won't be too surprised when you don't call them back.Not being an ac…[Read more]

]]> 452464fb96a21e729889f6e4b0400f87 mckero replied to the topic Is this double dipping ? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4396456-is-this-double-dipping/#post-4605112 Mon, 15 Jun 2009 10:02:42 +0000 Yes, it would be double dipping.  (I've already asked my accountant that question.)  I'm already getting a tax benefit by salary sacrificing *all* of my vehicle expenses, which is way better than just claiming the kms to and from rental properties.  I would have flown :-) and hired a car over there – that would have been tax deductible – unless yo…[Read more]

]]> f3ab6a649a28fb6ebf9dbf59f7a8e48d mckero replied to the topic Property inspection travel claims in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4383037-property-inspection-travel-claims/#post-4534442 Sat, 05 Nov 2005 05:01:37 +0000 If you salary package your car and costs then all the expenses come out pre-tax regardless of private or personal. I own the car but package the expenses because looking at houses (oh and other things [evo]) I do a lot of kms.

Of course that’s not an option for everyone’s income source but if you do enough kms it’s worth looking into.

]]> 1c866639b00a1cfcbfb8c55a46f9036c mckero replied to the topic Tenant ALREADY in default!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4383039-tenant-already-in-default/#post-4534452 Sat, 05 Nov 2005 04:01:51 +0000 Hi Shelley,

Sorry to hear of your troubles. Unfortunately, it sounds like you have to go at the pace of the PM you have. I do think though that some PMs need to be held more accountable for the tenants that they do put in. And if situations arise like yours where the tenants are in default from day one then the PM should forgo their letting…[Read more]

]]> 27311aae9dab4020e358acda7198057d mckero replied to the topic Investing in Mining Towns in the forum Help Needed! https://www.propertyinvesting.com/topic/4382911-investing-in-mining-towns-2/#post-4533882 Wed, 02 Nov 2005 07:39:08 +0000 Hi Jon,

Have emailed you direct.

]]> f2acb3cb9f2154ee3ea958c89a77c0d8 mckero replied to the topic What's your occupation ?? in the forum Opinionated! https://www.propertyinvesting.com/topic/4382904-whats-your-occupation/page/2/#post-4533831 Mon, 31 Oct 2005 15:14:15 +0000 I’m an IT consultant (DBA & Apps developer). It will finance my addiction to real estate … until my portfolio becomes self supporting!

]]> c2088eab44b325fa78a7c5e3ec5b9014 mckero replied to the topic Unit complexes and your LVR in the forum Finance https://www.propertyinvesting.com/topic/4382928-unit-complexes-and-your-lvr/#post-4534006 Mon, 31 Oct 2005 14:57:34 +0000 I would definitely be interested in which financials go to 80% on units.
I once went to offer acceptance on 5x2br, and build/pest inspections with a pre approval from a bank on 80% and then as soon as it went for real they’d only go 70%.
Although I understand their theory of fire sale if their % required wasn’t such a problem they’d have more…[Read more]

]]> a38098b4de829995ba1530b25a6a1081 mckero replied to the topic Annoying Phone Calls in the forum Opinionated! https://www.propertyinvesting.com/topic/4382669-annoying-phone-calls/#post-4532459 Mon, 31 Oct 2005 14:36:24 +0000 The one thing I found that worked is to deny that Mr or Mrs X lived here. If they ask for either of these people I know they’re going through the phone book.
Since I’m not a Mrs (or a Mr) and my children don’t have a surname of X they don’t know me or my children, so I don’t want to talk to them.
Had a persistent one though the other night who…[Read more]

]]> f4f064af4c2792ed7b890da3375d2700 mckero replied to the topic Urgent help needed in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4382954-urgent-help-needed-4/#post-4534125 Mon, 31 Oct 2005 14:18:16 +0000 I would be:
1. Talking to an accountant.
2. Getting a proper valuation.

But my opinion is:
Your 1/4 or 1/3 share would depend on what the original agreement was when the purchase for $150K was made. If your parents were operating as 1 share then it would be 1/3. If they were operating as individuals then it would be 1/4.
If you are selling your…[Read more]

]]> 57b629282c6eddb9a46f23a5be594f26 mckero replied to the topic Accountant & Solicitor in Canberra? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4382959-accountant-solicitor-in-canberra/#post-4534137 Mon, 31 Oct 2005 13:44:26 +0000 1. Yes emailed you direct.
2. Depends what you’re using the solicitor for. Conveyancing doesn’t matter so much if it’s investment or PPOR. If it’s for other legal matters regarding IPs then it would matter.
I’ve always heard that the accountant should, but my experience has not been that good.
The accountant with investment properties gave me…[Read more]

]]> 55b170bb0728b8bfa9662700cb433544 mckero replied to the topic Investing in Mining Towns in the forum Help Needed! https://www.propertyinvesting.com/topic/4382911-investing-in-mining-towns-2/#post-4533879 Mon, 31 Oct 2005 13:16:41 +0000 I’ve got no problems with PI in Mount Isa and I think the returns are good. Although they’re not as good as they could have been this time last year at least they’re on the market long enough to go and have a look at them! The vacancy rates are really low, and with the new mine opening/opened I think they’ll be low for a while.
I just bought a…[Read more]

]]> 7ece817ffd82ea958b4acf508d4dd23a mckero replied to the topic Divorce and Starting Again in the forum Help Needed! https://www.propertyinvesting.com/topic/4382961-divorce-and-starting-again/#post-4534143 Mon, 31 Oct 2005 11:35:50 +0000 Hi Melmac,

Having just been down that track I know exactly how you feel. Seems a bit raw that out of 7 you only get the PPOR but there’s a story to everything. I at least got the PPOR and, after an additional cash settlement to him, 1 of the 3 investment properties. Since I did *everything* related to the properties it was just a matter of…[Read more]

]]> 3d8989df3ce5b1a598928a2f5a53e13c mckero replied to the topic Pre Nups .. do they protect us ? in the forum No Subject https://www.propertyinvesting.com/topic/4382230-pre-nups-do-they-protect-us/page/3/#post-4529649 Mon, 31 Oct 2005 10:05:17 +0000 Having just been through property settlement after a nearly 4 year defacto ralationship, I believe pre-nups and any other form of financial agreement in a relationship, only work if both parties still want to stick to it. If only one party wants to stick to it, and they’re prepared to argue over it, then basically anything you might want to be…[Read more]

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