PropertyInvesting.com | jojo | Activity https://www.propertyinvesting.com/members/melbjo/activity/ Activity feed for jojo. Wed, 15 Apr 2026 09:24:36 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 c39ddad20671fd1f93ac120330aee057 jojo started the topic found a property in Bendigo - then found out it has a mine on it!?! in the forum Help Needed! https://www.propertyinvesting.com/topic/5028845-found-a-property-in-bendigo-then-found-out-it-has-a-mine-on-it/ Mon, 15 Aug 2016 12:46:45 +0000 Long story short, found a property I was considering putting in an offer on, got hold of the section 32, and it has a mine hazard.

(substantial edit)

Have had it clarified, there is a historic mine shaft, as well as being within the area which has been mined until recently, two separate mine issues.

Regarding the old shaft, what dangers does…[Read more]

]]> 1183b4dfb2775bd48d9e6139ea490660 jojo started the topic found a property in Bendigo - then found out it has a mine on it!?! in the forum Help Needed! https://www.propertyinvesting.com/topic/5028845-found-a-property-in-bendigo-then-found-out-it-has-a-mine-on-it/ Mon, 15 Aug 2016 12:46:45 +0000 Long story short, found a property I was considering putting in an offer on, got hold of the section 32, and it has a mine hazard.

I was not so shocked, thinking it a historical mine but… no. Current.

Not much information given, a mine on the property? (which I failed to notice during an inspection??? there was a locked door though….) and a…[Read more]

]]> 16c7a7020921e9509e978437ab39ba26 jojo started the topic found a property in Bendigo - then found out it has a mine on it!?! in the forum Help Needed! https://www.propertyinvesting.com/topic/5028845-found-a-property-in-bendigo-then-found-out-it-has-a-mine-on-it/ Mon, 15 Aug 2016 12:46:45 +0000 Long story short, found a property I was considering putting in an offer on, got hold of the section 32, and it has a mine hazard.

I was not so shocked, thinking it a historical mine but… no. Current.

Not much information given, a mine on the property? (which I failed to notice during an inspection??? there was a locked door though….) and a…[Read more]

]]> b89670025cf6b5652fa07f75a8046b2b jojo replied to the topic non-bank lenders in the forum Finance https://www.propertyinvesting.com/topic/5027282-non-bank-lenders-2/#post-5027425 Wed, 08 Jun 2016 11:45:04 +0000 Thankyou so much everyone :)

]]> a1b15f17f964a319c85c0f28970af8ee jojo replied to the topic non-bank lenders in the forum Finance https://www.propertyinvesting.com/topic/5027282-non-bank-lenders-2/#post-5027423 Wed, 08 Jun 2016 10:50:05 +0000 Thankyou so much for your responses. I feel confident now, but Corey – would this transition to YBR likely have any impact to the borrower?

]]> 0530e4ebb2a875232c2a4d279c901259 jojo started the topic non-bank lenders in the forum Finance https://www.propertyinvesting.com/topic/5027282-non-bank-lenders-2/ Sat, 04 Jun 2016 12:48:52 +0000 Was wondering what people thought the risks if any might be if I were to finance through a ‘non-bank lender’. It is not because of bad credit or low docs or any of those sort of reasons – only that their loan seems good to me.

This was recommended by my broker but feel slightly uncomfortable with going with a lender I have never heard of before…[Read more]

]]> 99584f2e81bc70e06014baf7a8debfc3 jojo started the topic Renovating a weatherboard in the forum Value Adding https://www.propertyinvesting.com/topic/5024803-renovating-a-weatherboard/ Thu, 21 Apr 2016 09:55:43 +0000 I mean this only as a general question. I have never done any renovation before, but I was looking at doing a (simplish) (cosmetic) renovation on a nice brick house. But in my search I have come across a couple of sweet weatherboard homes in need of a lot of renovation, where the numbers seemed to work.

So in preference to ignoring them for no…[Read more]

]]> 58d31599c5d9681a823ebeb3ead67f29 jojo replied to the topic Invest in property which generates little cash flow?? in the forum Help Needed! https://www.propertyinvesting.com/topic/5021523-invest-in-property-which-generates-little-cash-flow/#post-5023353 Tue, 29 Mar 2016 12:25:05 +0000 I am no professional in fact I have yet to purchase an IP. However, it occurred to me….

I was under the impression that CBD apartments were high in yield but low in capital growth and hard to resell??? But 10% historic growth sounds pretty good, if that is what you mean by profit record.

Also I know that apartments under, I think 50 sqm, are…[Read more]

]]> e61f207a59393dd0423048d14122a0fa jojo replied to the topic apartments above shops in the forum Help Needed! https://www.propertyinvesting.com/topic/5023305-apartments-above-shops/#post-5023332 Tue, 29 Mar 2016 03:25:19 +0000 Sounds sensible :) Thank-you for your perspective :)

]]> d0c9f207b5240baee8bbd2b01580d4eb jojo started the topic apartments above shops in the forum Help Needed! https://www.propertyinvesting.com/topic/5023305-apartments-above-shops/ Mon, 28 Mar 2016 05:06:04 +0000 Wondering what people think above apartments above shops as investments?

Am considering one, seems close to positive cashflow, probably neutral, not a particularly trendy area though, very few other apartments on shops in the vacinity although the council plans want to encourage more.

Quite attractive though, I would have been happy to live…[Read more]

]]> 812d1feea6e9d8486c1cb4dd3e32ddc9 jojo replied to the topic Ways to finance renovations in the forum Finance https://www.propertyinvesting.com/topic/5020441-ways-to-finance-renovations/#post-5020453 Thu, 18 Feb 2016 08:21:43 +0000 Thank you so much Terry.

Is it a fair assumption that if I am approved for a certain amount, but my house plus the reno amount is that approved amount, then it would be fine? (EG approved for $400k but buy $350K IP and $50K for the reno for sake of argument). Or impossible to say?

Would I be able to combine my equity loan for the deposit and…[Read more]

]]> c63bbd24d57f07c045661b29fcdeeb46 jojo started the topic Ways to finance renovations in the forum Finance https://www.propertyinvesting.com/topic/5020441-ways-to-finance-renovations/ Thu, 18 Feb 2016 04:47:42 +0000 How do people go about funding renovations without using cash?

For background, I have a PPOR with plenty of equity. I want to refinance, and get an equity loan for the deposit plus stamp duty if possible, and an IO IP loan with another bank.

Do I get a separate equity loan? Or do people prefer line of credits?

On what basis will they lend me…[Read more]

]]> 6dae58a72a1c5aa463f5646bba7a583c jojo replied to the topic 2 Day Property & Finance Course DVD's in the forum Buy, Swap & Sell https://www.propertyinvesting.com/topic/5019111-2-day-property-finance-course-dvds/#post-5020438 Thu, 18 Feb 2016 03:18:01 +0000 Whose course is it?

]]> ed12819cb9e48f12d1d7ac86e153d19a jojo replied to the topic Refinance now or wait? in the forum Finance https://www.propertyinvesting.com/topic/5020406-refinance-now-or-wait/#post-5020436 Thu, 18 Feb 2016 03:02:06 +0000 Thankyou Jamie.

Yes I have been wondering how I could pay the deposit if I couldn’t negotiate a $1000 deposit. If I paid in cash how I would get it back into the loan? The more I think of it the more I realise I need to do it. Talking through a problem really helps – and so does someone’s confirmation when I am going against advice given…

Do…[Read more]

]]> a0c393a7e897d3dc49f278a1a01a2ce2 jojo replied to the topic Refinance now or wait? in the forum Finance https://www.propertyinvesting.com/topic/5020406-refinance-now-or-wait/#post-5020436 Thu, 18 Feb 2016 03:02:06 +0000 Thankyou Jamie.

Yes I have been wondering how I could pay the deposit if I couldn’t negotiate a $1000 deposit. If I paid in cash how I would get it back into the loan? The more I think of it the more I realise I need to do it. Talking through a problem really helps – and so does someone’s confirmation when I am going against advice given…

Do…[Read more]

]]> 79db599172af43b4b5204ac182142ac5 jojo replied to the topic Refinance now or wait? in the forum Finance https://www.propertyinvesting.com/topic/5020406-refinance-now-or-wait/#post-5020419 Wed, 17 Feb 2016 21:04:05 +0000 Thankyou for your reply.

My servicing ability is limiting the amount I can borrow but it is still enough to move forward and make a purchase. I guess this is the reason I would feel much more comfortable with a proper pre-approval.

The main reason I want the loans with the same bank is because I want and equity loan for the deposit and another…[Read more]

]]> 1e9495ededb7ec8d464b4f7948ee32e9 jojo replied to the topic Refinance now or wait? in the forum Finance https://www.propertyinvesting.com/topic/5020406-refinance-now-or-wait/#post-5020419 Wed, 17 Feb 2016 21:04:05 +0000 Thankyou for your reply.

My servicing ability is limiting the amount I can borrow but it is still enough to move forward and make a purchase.

The main reason I want the loans with the same bank is because I want and equity loan for the deposit and another for the renovations.

Wouldn’t having the loans with the one bank maximise my borrowing?

]]> 7ed6d2e75110bb0fc3993040b49a0756 jojo started the topic Refinance now or wait? in the forum Finance https://www.propertyinvesting.com/topic/5020406-refinance-now-or-wait/ Wed, 17 Feb 2016 10:46:28 +0000 My key question right now is whether I should refinance my home now whilst I look for the IP I desire, or wait and finance them at the same time.

Advice I have had has suggested I wait, that way I have a stronger bargaining position or at least look more attractive to banks, given that I have a few things I really want in a loan.

On the…[Read more]

]]> 10eea9a50334f2f9ae5ce63a57a6f502 jojo replied to the topic economic downswings - how do they affect rent? in the forum Help Needed! https://www.propertyinvesting.com/topic/5014846-economic-downswings-how-do-they-affect-rent/#post-5015203 Thu, 29 Oct 2015 11:16:55 +0000 Thanks Jamie :) It’s a good reminder for me.

Yes that was my original plan, buy and hold, but after doing a lot of reading/researching etc I realise if I could reno and sell 2-3 houses at even low to medium success before getting a buy and hold, my financial situation would be greatly enhanced.

Nevertheless, if I need to hold my potential…[Read more]

]]> 83b05fe1cf27431950890e411b90733c jojo replied to the topic economic downswings - how do they affect rent? in the forum Help Needed! https://www.propertyinvesting.com/topic/5014846-economic-downswings-how-do-they-affect-rent/#post-5015071 Mon, 26 Oct 2015 11:41:32 +0000 Awesome. That both makes logical sense, and is an answer I wanted to hear… :)

Essentially means if I have to go with plan B, the prospects are pretty good.

Thankyou so much for answering.

]]> 5aea593521dc0407bad358921f96f01a jojo replied to the topic For sale: Masterclass Starter in the forum Buy, Swap & Sell https://www.propertyinvesting.com/topic/5011158-for-sale-masterclass-starter/#post-5014907 Thu, 22 Oct 2015 02:21:00 +0000 Whose course is this?

]]> d44c2d1d422806dd52b005db14de77c9 jojo started the topic economic downswings - how do they affect rent? in the forum Help Needed! https://www.propertyinvesting.com/topic/5014846-economic-downswings-how-do-they-affect-rent/ Tue, 20 Oct 2015 04:43:24 +0000 Hello, first post.

Looking to buy a first (investment) property, investigating the options of either a reno and sell, or subdivide and sell block or existing house.

Both options require selling, and am concerned that the market I am looking may be at peak (I have no crystal ball). (Melbourne). Given the time of year and tradies don’t like to…[Read more]

]]> 5461a9c2a0acd95de176b08e6f76ddc5 jojo started the topic economic downswings - how do they affect rent? in the forum Help Needed! https://www.propertyinvesting.com/topic/5014846-economic-downswings-how-do-they-affect-rent/ Tue, 20 Oct 2015 04:43:24 +0000 Hello, first post.

Looking to buy a first (investment) property, investigating the options of either a reno and sell, or subdivide and sell block or existing house.

Both options require selling, and am concerned that the market I am looking may be at peak (I have no crystal ball). (Melbourne). Given the time of year and tradies don’t like to…[Read more]

]]> 44e0dff3ed8a3951237afbf5b43b59b0 jojo became a registered member https://www.propertyinvesting.com/activity/p/328322/ Mon, 19 Oct 2015 11:18:22 +0000