PropertyInvesting.com | Menunes | Activity https://www.propertyinvesting.com/members/menunes/activity/ Activity feed for Menunes. Wed, 15 Apr 2026 19:34:45 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 2d08e56bd169c919404c3ffcc9af1477 Menunes replied to the topic Usinvest in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406951-usinvest/#post-4672534 Sun, 01 Jul 2012 01:42:48 +0000 Sorry, yes I over generalised….
I have no problem with people/businesses charging a fee for a great job. In this case though I couldn’t see the value for money for what was on offer.

]]> 4f2436f3305aa477d58db58fffce5e73 Menunes replied to the topic Usinvest in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406951-usinvest/#post-4672532 Sat, 30 Jun 2012 14:04:50 +0000 I made a few enquiries through US Invest and decided against going with them.
The bloke on the phone was nice enough, pushing their product for very little information. I think it was more of a feeling I had rather than factual info I could share…
The push on getting my credit card info before I got any real information about what they provided…[Read more]

]]> c7570ab7ee91233745c0105680812aa1 Menunes replied to the topic Best real estate website to advertise on in Darwin NT in the forum www.owner.com.au/ is https://www.propertyinvesting.com/topic/4406890-best-real-estate-website-to-advertise-on-in-darwin-nt/#post-4672079 Tue, 19 Jun 2012 01:11:17 +0000 http://www.owner.com.au/ is popular, not sure about the traffic statistics, but there are always signs posted around town…

M

]]> d85bd785d4d0329bef725d8549a8ed0a Menunes replied to the topic defense housing in the forum General Property https://www.propertyinvesting.com/topic/4406727-defense-housing/#post-4670967 Wed, 30 May 2012 13:17:00 +0000 Personal opinion, but Something I would stay away from.
Whilst its ‘guaranteed rent’ They decide on the price of the rent, they organise the repairs and send you a bill, they decide if a rent increase is warranted. Maybe this is just me being a control freak, but they are just a few of the decisions I would like to make as the landlord.

I’m sure…[Read more]

]]> 86f8e3c56a464ca1079965a05a659e49 Menunes replied to the topic Mentoring in Darwin? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406456-mentoring-in-darwin/#post-4668541 Sat, 12 May 2012 14:47:51 +0000 Hi Keenan that would be great!
I’ve got afew things on the go at the moment so any thoughts would be great.
Your profile won’t allow me to send you an email, so let me know when you are here and we’ ll catch up for coffee.

]]> ebf69eff3d54c2a540bd3372bd344ac7 Menunes replied to the topic Mentoring in Darwin? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406456-mentoring-in-darwin/#post-4668537 Thu, 10 May 2012 23:14:13 +0000 I’ve been here 30+ years and never thought of stockings over the fan blades – that’s a fantastic idea!
We usually just get the old ladder out and get covered in dust to try to clean them… Not a great job!

With the a/c we have a split in the main living, but each of the bedrooms have the box style, they all still work fine but would it be…[Read more]

]]> 82b70e7a0b1a452329fdd7b077b1c76e Menunes replied to the topic WHAT IS THE MINIMUM LEGAL ACCEPTABLE CONDITION OF HOUSES in the forum Creative Investing https://www.propertyinvesting.com/topic/4406371-what-is-the-minimum-legal-acceptable-condition-of-houses/#post-4667944 Wed, 09 May 2012 13:42:40 +0000 I have been involved with houses that have been sold at “lock up stage” meaning completed enough for the occupancy certificate but none of the “bells and whistles” as yet.
Not really sure if its still done, but This was popular a few years back with first home buyers not being able to afford a fully completed house so flooring, painting, robes etc…[Read more]

]]> 279af75a1ec98f0101bd0eadef7eef15 Menunes replied to the topic Mentoring in Darwin? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406456-mentoring-in-darwin/#post-4668535 Wed, 09 May 2012 13:13:24 +0000 I agree, the kitchen and bathroom are high on the agenda!!

I’m looking at things like outdoor living areas, do they add value to the proprty? In Darwin (I think) they are a must so perceived rental value will be higher, just not sure what valuers actually take into consideration.

If I were to spend say, $Xk on a deck & covering, would it…[Read more]

]]> 903c013e8ad472e780edfc0eff5bcfd3 Menunes replied to the topic Mentoring in Darwin? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406456-mentoring-in-darwin/#post-4668533 Sun, 29 Apr 2012 07:29:39 +0000 The house was built about 1985 and nothing has been done since.
I’m looking at floors, kitchen, bathroom, paint at a minimum.
Garden has absolutely nothing in it but lawn.

I guess I’m just looking for some opinions on how to raise the value without going overboard.
There is a lot of work to be done, but nothing structural, house itself is sturdy,…[Read more]

]]> 81041f67457da46bb6b6e2d3838c2e1f Menunes replied to the topic The lowest maintenance house type for an IP ? in the forum General Property https://www.propertyinvesting.com/topic/4406446-the-lowest-maintenance-house-type-for-an-ip/#post-4668423 Fri, 27 Apr 2012 05:09:27 +0000 Sorry, no – no gold toilet seats, just ridiculous rents. In saying this though, ridiculous house prices to go with it…
There are comments nearly on a weekly basis of tenants going off at the “greedy landlords” for charging so much, but really as an investor who wants to foot the bill for someone else living in your house?

As for interiors,…[Read more]

]]> bcdc29651d7f869c0aecf2a6abcfe727 Menunes replied to the topic Investing in Portugal in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406325-investing-in-portugal/#post-4667563 Thu, 26 Apr 2012 13:15:43 +0000 I thought I’d just bump this one up as there has been no comment.
Does this mean don’t touch Portugal investments, or no one has tried?

]]> bec5809bcbca2f4c5fa5ff0fe8cc2c3f Menunes replied to the topic The lowest maintenance house type for an IP ? in the forum General Property https://www.propertyinvesting.com/topic/4406446-the-lowest-maintenance-house-type-for-an-ip/#post-4668419 Thu, 26 Apr 2012 13:10:48 +0000 To live or invest in…? Big difference between the two…

I’m probably a little biased but palmerston is the go to live, as with any areas there are good and bad. Steer clear of the older suburbs (moulden, driver) newer suburbs are nice, but over priced (belamack, roseberry) nice houses available in Bakewell, durack, gunn.
If you are looking at…[Read more]

]]> 0f5792e72f7760c1fc478d6ff0db8b2f Menunes replied to the topic The lowest maintenance house type for an IP ? in the forum General Property https://www.propertyinvesting.com/topic/4406446-the-lowest-maintenance-house-type-for-an-ip/#post-4668417 Thu, 26 Apr 2012 12:23:09 +0000 As I’m in the NT info will probably vary from place to place, but…
I wouldn’t touch timber framed houses, steel only, brick even better.
Tin roof over tiles.
As for windows aluminium all the way!
We have a strict building code here due to cyclones & hassles with termites, so I think it’s the area and cost of build rather than preferred options…[Read more]

]]> 6848f0d435f970777da37a492e0ac28f Menunes replied to the topic Contact for transportables? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406427-contact-for-transportables/#post-4668329 Wed, 25 Apr 2012 05:04:20 +0000 I don’t think it really matters where it comes from, it’s going remote NT so fairly central to all manufacturers around Australia…

Transport costs obviously are a factor, but quality & reliability more so…

]]> 3612c8a8f1f99c69bf800c91aef7f416 Menunes replied to the topic Selling with neighbor in the forum Help Needed! https://www.propertyinvesting.com/topic/4406372-selling-with-neighbor/#post-4667948 Thu, 19 Apr 2012 11:33:32 +0000 No idea on planning myself, just throwing out options…
Could you combine titles, get the approval for rezoning etc then advertise the lot as a package deal.
You would get the higher valuation as it is now ready for development.
Benefit of this would be you could both still live in PPOR whilst all this is going on…

]]> 8eddf95cf2e8c06c2cf48fd4da1d9dae Menunes replied to the topic Paying Off Investment Loans in the forum Help Needed! https://www.propertyinvesting.com/topic/4406362-paying-off-investment-loans-2/#post-4667864 Wed, 18 Apr 2012 11:19:00 +0000 From what I understand by keeping funds separate is makes the split between personal and investment easier at tax time.
If you put the money to the investment loan, then redraw it for personal use, you can’t claim that portion of the interest as a tax offset.
If you put the cash in an offset account, you get the benefit of less interest whilst…[Read more]

]]> af2e7e754e59a172aab6e618017c8c2e Menunes replied to the topic Lower valuation than the purchase price in the forum Help Needed! https://www.propertyinvesting.com/topic/4406341-lower-valuation-than-the-purchase-price/#post-4667657 Mon, 16 Apr 2012 10:52:38 +0000 I had a similar situation with units I bought last year.
Purchase price was $500k for 4 x units loan for $530.
Valuation came in at $475k

We looked at the rental opportunities and made the decision for purchase from the figures.
Taking up the equity on other investments has slowed us down for a while as we are “maxed out” according to the banks.…[Read more]

]]> ed7dcbb09cb707e6e18f846116512940 Menunes replied to the topic How to track costs/accounts in the forum If someone is willing to https://www.propertyinvesting.com/topic/4406147-how-to-track-costsaccounts/#post-4665952 Sat, 14 Apr 2012 06:52:37 +0000 If someone is willing to share their set up I would be very interested!!
At the moment we have 6 properties (hopefully) soon to be 8.
Each of these properties werent really planned through very well in the early stages and i have continued with my ‘ad hoc’ way for 6 years now. I have a separate spreadsheet per property so I could see the…[Read more]

]]> 61266241d3c0281bb2ce127f55689fa6 Menunes replied to the topic Did you know that you can claim depreciation on your overseas property? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4405712-did-you-know-that-you-can-claim-depreciation-on-your-overseas-property/#post-4662652 Sat, 14 Apr 2012 06:23:15 +0000 We have a property in Portugal we are about to start renting out. Previously it has just been our private house for when we visit family.
To now turn it into a claimable investment, will it just be a matter of claiming income & expense, or is there some other notification we need to do?

]]> 58fae33e1e8dc889a4202a71b77787ff Menunes replied to the topic On the way to 2nd IP and trying to find the right strategy in the forum Help Needed! https://www.propertyinvesting.com/topic/4405961-on-the-way-to-2nd-ip-and-trying-to-find-the-right-strategy/page/2/#post-4664444 Fri, 13 Apr 2012 15:12:48 +0000 Jamie M wrote:
Hi thereA trust isn't going to solve your serviceabiltiy issues.CheersJamie

Just thought I'd clarify… It's the lenders tests of serviceability not the physical ability to pay the loans…

]]> faa7db5fdb1663ad97c882434c0452db Menunes replied to the topic On the way to 2nd IP and trying to find the right strategy in the forum Help Needed! https://www.propertyinvesting.com/topic/4405961-on-the-way-to-2nd-ip-and-trying-to-find-the-right-strategy/page/2/#post-4664443 Fri, 13 Apr 2012 14:05:28 +0000 Sorry, half the info I guess… Whole story now!
Please correct me if any of the below is a naive way of thinking and completely wrong, as I said we are just starting to set this up & want to get it right from the get-go!

My sister & her partner, myself & husband are setting up a company to start investing.
We each have our personal investments,…[Read more]

]]> 89115ab84daf0ce0f5e83d73c29288b5 Menunes replied to the topic On the way to 2nd IP and trying to find the right strategy in the forum I'm looking at setting up a https://www.propertyinvesting.com/topic/4405961-on-the-way-to-2nd-ip-and-trying-to-find-the-right-strategy/page/2/#post-4664441 Fri, 13 Apr 2012 13:01:37 +0000 I’m looking at setting up a family trust at the moment. My husband & I are maxed out in investments & finding it hard to source finance to buy more property due to serviceability of the loans.
Does anyone know if we may be able to transfer our existing property into the trust to keep everything together, or is it a matter of selling to the trust?…[Read more]

]]> 0c850e6c2c1a31ca08018db181faee12 Menunes replied to the topic Which City/Suburb you live? in the forum Hi all, just joined this https://www.propertyinvesting.com/topic/4369744-which-citysuburb-you-live/page/17/#post-4442542 Fri, 13 Apr 2012 06:26:36 +0000 Hi all, just joined this site from Palmerston, northern territory!

]]> 6b5e2f0dd90747bb23c3198a3650141d Menunes replied to the topic Hello from a new forum member in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406303-hello-from-a-new-forum-member/#post-4667405 Thu, 12 Apr 2012 13:55:12 +0000 Property bought in my own name, negatively geared houses… Not really knowing what I was doing, just knew I wanted to have an investment property and jumping in!
Overall they have paid off (I think more luck than good management) but looking at how to structre my investments better to get better returns or deals.

]]> 81750004a3c174631894e42675f9385c Menunes replied to the topic Hello from a new forum member in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406303-hello-from-a-new-forum-member/#post-4667403 Thu, 12 Apr 2012 13:42:55 +0000 I too am a newbie to this site. I’m really impressed about the open sharing of information!!
I’ve done all the ‘wrong’ things in investing terms, so am looking forward to learning from other experiences.
I’m currently interested in overseas investment so will be looking forward to your findings in the US.

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