PropertyInvesting.com | Micasa | Activity https://www.propertyinvesting.com/members/micasa/activity/ Activity feed for Micasa. Wed, 15 Apr 2026 07:13:48 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 4279ef7c60e81eeb0cb9d4ec27fe4f71 Micasa replied to the topic Buying a small farm in the forum Finance https://www.propertyinvesting.com/topic/4385412-buying-a-small-farm/#post-4547039 Tue, 23 May 2006 16:14:19 +0000 Thank Anita,

Will keep shopping around for a better deal.

Micasa

]]> 43dc07ad5a3660950f2395bdea8002f4 Micasa replied to the topic Buying a small farm in the forum Finance https://www.propertyinvesting.com/topic/4385412-buying-a-small-farm/#post-4547036 Thu, 11 May 2006 13:27:39 +0000 Hi Terry,

Bankwest would be prepared to lend up to 70% on their business edge loan @7.92% fixed for 3 years. The application fee is .5% of the loan amount, therefore if the loan amount was say $860,000 the app. fee would be $4,300, which is a bit of rip if you ask me.

NAB have a rural loan for 6.99% but the farm income has to be less than…[Read more]

]]> 0e286148184461a1dee97bf00778aaaa Micasa replied to the topic Buying a small farm in the forum Finance https://www.propertyinvesting.com/topic/4385412-buying-a-small-farm/#post-4547030 Thu, 11 May 2006 04:39:42 +0000 Hi Ben,

I don’t plan to work the farm just yet, only live there. The place is returning 50k net and is managed by a contractor. There will be a net increase of income to 65-70k in two years, as the young crop matures. There is also enough room to increase production in the long term, which would see a net return of 90-110k ” but I mean long term!…[Read more]

]]> 97b534c4224c7ed9a1a8b967650fe2af Micasa replied to the topic Buying a small farm in the forum Finance https://www.propertyinvesting.com/topic/4385412-buying-a-small-farm/#post-4547028 Wed, 10 May 2006 14:49:42 +0000 Thank for the replies. Good to know that I don’t have to settle for a 30% deposit.

The property is on 38 acres, with a house valued at $600.000. Its a working farm with a current annual return of approximately $50000 net.

Micasa

]]> ecb6353fcdf7f71087db39cb0c0fde36 Micasa replied to the topic What are you doing on Christmas Day ? in the forum No Subject https://www.propertyinvesting.com/topic/4383373-what-are-you-doing-on-christmas-day/#post-4536418 Mon, 05 Dec 2005 19:25:00 +0000 Another Xmas in Iraq. Will have a couple of beers and a nice lunch but its not quite the same as being home. Back to Perth for NY so not all bad!

]]> 131f220a92621cf675710d89ede304a8 Micasa replied to the topic CGT on IP properties in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4382758-cgt-on-ip-properties/#post-4533035 Wed, 19 Oct 2005 09:55:29 +0000 Thank all, I guess the tax man always gets his share in the end!

]]> 5874b77e0cee41385fc0ec2ddbce57ae Micasa replied to the topic Frustrated Perth buyer in the forum Help Needed! https://www.propertyinvesting.com/topic/4380640-frustrated-perth-buyer/page/2/#post-4519198 Fri, 10 Jun 2005 09:05:54 +0000 If you work in Joondalup then South is not an option unless you want to travel all day.

I live in Perth and recently purchased my 5th investment property in Scarborough. I have two more in Innaloo and two south of the river.

If you are first home buyer and you need to be close to Joondalup I would be looking at Yanchep, Quinns Rock, and Two…[Read more]

]]> 26f99c18f5d6b73ab2d47201df1fef66 Micasa replied to the topic too rental reliant in the forum Help Needed! https://www.propertyinvesting.com/topic/4380283-too-rental-reliant/#post-4516496 Tue, 17 May 2005 13:54:23 +0000 Just bare in mind that HSBC (I have all my loans with them) will only lend 65% LVR after you have 3 or more investment properties with them…I just found that out after making an offer on my 4th investment property!

]]> 46d7b2c3dd2b95622cad83baf546983a Micasa replied to the topic US Currency Loans in the forum Finance https://www.propertyinvesting.com/topic/4380082-us-currency-loans/#post-4514927 Tue, 10 May 2005 09:59:30 +0000 Thanks all…I think I will feel more comfortable going with the A$ loan. The 2% mark up on the loan definitely takes the edge of the US$ loan.

Cheers

]]> 74e5ce7a300b59fe3987dc0911150e20 Micasa replied to the topic US Currency Loans in the forum Finance https://www.propertyinvesting.com/topic/4380082-us-currency-loans/#post-4514923 Tue, 10 May 2005 06:14:58 +0000 Thanks for the replies. The offer I have been made is: HSBC US$ Rate 3.38% (up to 2% margin). Does anyone know what they mean by (up to 2% margin?)

The other offer I have is with HSBC also using their new Home Reward option starting at 7.24% and reducing over a two year period.

The loan is for A$550000 so if I take the Us$ loan there appears to…[Read more]

]]> e9d09e804d566c0472101e8bd1ab6dd6 Micasa replied to the topic Hold/Sell and Capital Gains Tax questions in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4378513-holdsell-and-capital-gains-tax-questions/#post-4505295 Sun, 06 Feb 2005 07:55:01 +0000 Thanks for the replies. From your comments I realize that, CGT sucks![angry2] and it looks like I’m in a better position by holding on to both properties.

Thanks again.

]]> e4e53fbf00aaa81e81582292dd3be6b7 Micasa replied to the topic Negative geared to the eye balls!! And sick of wor in the forum Help Needed! https://www.propertyinvesting.com/topic/4377281-negative-geared-to-the-eye-balls-and-sick-of-wor/#post-4497148 Sat, 11 Dec 2004 21:09:02 +0000 Thanks Benny,

I will be sure to see my accountant on the Depreciation issue..,every dollar helps.

M

]]> 1397600d62e78b5c5c185e77eb5781b1 Micasa replied to the topic Negative geared to the eye balls!! And sick of wor in the forum Help Needed! https://www.propertyinvesting.com/topic/4377281-negative-geared-to-the-eye-balls-and-sick-of-wor/#post-4497146 Thu, 09 Dec 2004 18:28:53 +0000 Hi Benny,

Thanks for the 3 steps…that sounds like a practicle, non-complicated plan of action. I don’t have an Execel spreadsheet, just… a calculator!…and OK you have me! what do you mean by “imbibing”

Micasa

]]> f3c5b61725bf841cf42692d6ec97e3a1 Micasa replied to the topic INNALOO-Perth Sell or Hold in the forum Finance https://www.propertyinvesting.com/topic/4377326-innaloo-perth-sell-or-hold/#post-4497569 Wed, 08 Dec 2004 08:17:25 +0000 Thanks for the replies.

I had not considered the GST cost for one thing so thanks for that info. The main reason for selling was to pay off the debt and end up with a +ve cash flow. I could borrow on the existing equity as suggested, but I though I would be in a better position cash flow wise if I sold. Both buildings cost me $250000 to build and…[Read more]

]]> a573c2addc2dd6d0f2e5f929c622e157 Micasa replied to the topic WE BUY HOUSES 12% return in the forum Finance https://www.propertyinvesting.com/topic/4377280-we-buy-houses-12-return/#post-4497129 Tue, 07 Dec 2004 20:01:08 +0000 Thanks Felicity,

Not closing my mind…just doing the due dilligence thing…all this might be a mute point soon if this Derivex thing turns out to be real

]]> 604482d26fa0b528eb9da3ddd2879354 Micasa replied to the topic Negative geared to the eye balls!! And sick of wor in the forum No Subject https://www.propertyinvesting.com/topic/4377281-negative-geared-to-the-eye-balls-and-sick-of-wor/#post-4497141 Tue, 07 Dec 2004 19:52:24 +0000 Hi Phil,

Do you mean refinance my investment loans and pay off the PPOR?…would that not cause my investment properties to be further in the negative geared side?

]]> bc6fc6db7c1b21bc5a828190e606fb85 Micasa replied to the topic WE BUY HOUSES 12% return in the forum Finance https://www.propertyinvesting.com/topic/4377280-we-buy-houses-12-return/#post-4497127 Mon, 06 Dec 2004 13:34:16 +0000 My thoughts exactly…that’s why I though a return of 12% offered by We buy House was to good to be true…never mind 30%+

]]> cb618d2c02f924880c9092a49bfb824d Micasa replied to the topic WE BUY HOUSES 12% return in the forum Finance https://www.propertyinvesting.com/topic/4377280-we-buy-houses-12-return/#post-4497125 Mon, 06 Dec 2004 10:34:12 +0000 Thanks B,

If you can get a safe return of 30+% on cash on a regular basis, then you are on a winner. I have heard of that kind of return but usually its a high risk venture.

M

]]> 939db1dc23db68a671cb502d385b11ec Micasa replied to the topic Negative geared to the eye balls!! And sick of wor in the forum Help Needed! https://www.propertyinvesting.com/topic/4377281-negative-geared-to-the-eye-balls-and-sick-of-wor/#post-4497139 Mon, 06 Dec 2004 10:29:18 +0000 Thanks Terry,

I will be looking at trusts in the future, I have been told that you have to pay stamp duty if transfering existing properties, and that would be a big loss given WA stamp duty rates.

M

]]> d87a76b69efcdf1450a69c67118cefe4 Micasa replied to the topic Negative geared to the eye balls!! And sick of wor in the forum Help Needed! https://www.propertyinvesting.com/topic/4377281-negative-geared-to-the-eye-balls-and-sick-of-wor/#post-4497137 Sun, 05 Dec 2004 14:13:36 +0000 Thank Derek, I have one property on IO, the rest are PI, when I was thinking of rolling all the loans up into one I was considering IO. This would give one fully owned +ve property. Which I could borrow from for another +ve property. And all spare cash could be used to reduce the -ve properties.

M

]]> 9d9a9eba3678429862c4165a98a773ee Micasa replied to the topic Negative geared to the eye balls!! And sick of wor in the forum No Subject https://www.propertyinvesting.com/topic/4377281-negative-geared-to-the-eye-balls-and-sick-of-wor/#post-4497134 Sun, 05 Dec 2004 11:11:01 +0000 Thanks for the replies. I guess I will keep doing the hours and reduce the principle as quick as possible. Not familiar enough with wraps at this stage, and I don’t have much time to manage the properties.

Thanks again
M

]]> 0d5f53581cab9dc7f84febfc83fa030c Micasa replied to the topic WE BUY HOUSES 12% return in the forum Finance https://www.propertyinvesting.com/topic/4377280-we-buy-houses-12-return/#post-4497121 Sun, 05 Dec 2004 07:50:39 +0000 OK next question. Considering that Rick provides this return. If I use the redraw availability on my PPOR @ 6.5%, and take out $40000, which I then invest with Rick @ 12%…I can still repay the redraw at 6.5 % and make a profit of 5.5 %. I’m I missing something here?

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