PropertyInvesting.com | Mick INC | Activity https://www.propertyinvesting.com/members/mick-inc/activity/ Activity feed for Mick INC. Sat, 11 Apr 2026 20:50:31 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 eecfaa062d29efc8ef2a48f051d844c7 Mick INC replied to the topic Tenants Won't Move Out in the forum Help Needed! https://www.propertyinvesting.com/topic/4383626-tenants-wont-move-out/#post-4537799 Fri, 06 Jan 2006 14:57:25 +0000 Hey

It’s sound like you might have yourself in a bit of a pickle. I think you need to look for an easy low stress solution!

I would simply organise a meeting with the tenants and negotiated with them. Courts and tribunals cost money and time. Offer them $500 or $1000 for vacant possession in two weeks, you can possibly guantee them their full…[Read more]

]]> d23c8ef17d7b86bfc7c3679761c65cb9 Mick INC 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/3/#post-4524692 Sat, 13 Aug 2005 15:20:39 +0000 Hey All

I drive a 94 Toyota Hiace. It’s in as new condition, and on gas only. It’s really useful having a van, I love it! Very cheap to run. Not very classy if I want to go on a date though!

Mick

]]> f096e8954e77a4e52beb16d77bb8bf35 Mick INC replied to the topic Profile - Perth Couple $4M+ in properties in the forum General Property https://www.propertyinvesting.com/topic/4381406-profile-perth-couple-4m-in-properties/#post-4524220 Wed, 03 Aug 2005 19:45:03 +0000 Hey J
I think your talking about the second profile (four kids, four properties)with the airforce guy. Everyone else is talking about the couple with the 10 or so houses and lack of cashflow.
By the way an extra $150per day and tax free pay is hardly worth 6 months (or more) in Iraq away from your family and friends is hardly worth it. It sounds…[Read more]

]]> b18b5f1e4353b7adb96a6f8e68eae79b Mick INC replied to the topic how to maximise available cash in the forum No Subject https://www.propertyinvesting.com/topic/4381018-how-to-maximise-available-cash/page/2/#post-4521886 Wed, 03 Aug 2005 18:42:59 +0000 OK, OK

How about this?
I purchase an IP for $200,000 which has a market value of $250,00 and I pay cash for it.

Then I apply for loan thru bank. They do a valuation and it comes back with a market val of $250,00. I borrow 200,000 and recoup my cash. Now no cash in deal. YAY – tea and biscuits for all.

I think maybe this is what terryw was…[Read more]

]]> 40315001b0f9bf95823150553114b973 Mick INC replied to the topic The public holiday phone call in the forum General Property https://www.propertyinvesting.com/topic/4380774-the-public-holiday-phone-call/#post-4520141 Thu, 21 Jul 2005 11:50:41 +0000 Hey guys

Well I thought I might throw my two cents worth in. I think the first plumber saw you coming! If I rang my plumber on a public holiday he just would have explained how to isolate the hot water (which is easily done) until he could attend to the problem the next day.

Mick

]]> c6c2e7dcb6770cb416aa4ddc1bee97f6 Mick INC replied to the topic What is your life goal in the forum No Subject https://www.propertyinvesting.com/topic/4375509-what-is-your-life-goal/page/2/#post-4486742 Sat, 18 Sep 2004 15:15:20 +0000 ha, ha

]]> 55170116fd5a45c2c406f6c4472594a6 Mick INC replied to the topic the good time are over!!!!!! in the forum General Property https://www.propertyinvesting.com/topic/4375012-the-good-time-are-over/#post-4482921 Fri, 16 Jul 2004 18:38:33 +0000 Hey all

In regards to WA housing market still looking OK and having a shortage of houses on the market, well I would agree. May have something to do with stamp duty reduction here for first home buyers introduce on 01 Jul.

Another note to all, keep an eye on rockingham WA, I’m expecting big things to happen here. Major infrastructure planned.…[Read more]

]]> d85254f62bf7820d70cb9384759326dd Mick INC replied to the topic Is this positive cashflow? in the forum General Property https://www.propertyinvesting.com/topic/4371088-is-this-positive-cashflow/#post-4453382 Sat, 07 Feb 2004 02:12:25 +0000 Well it doesn’t meet the 11 second rule. And you haven’t factored in other costs like maintenance, periods of vacancy and initial costs to make it rentable etc etc.

Doesn’t mean it’s not a good deal though, depends on location, vacancy rates, chances of capital growth, new infrustructure etc.

Maybe I could suggest buying Steve’s “Buyer Beware”,…[Read more]

]]> 1e9a9e36db9576ec749f53dafb47d97e Mick INC replied to the topic How About This???? in the forum General Property https://www.propertyinvesting.com/topic/4371081-how-about-this/#post-4453341 Fri, 06 Feb 2004 11:13:58 +0000 But if I could come up with a legitimate (small) income from the block I could ask to the ATO for a ruling on it and if it was then given the OK then it would be dodgy at all.

Mick

]]> 9b7ea38a8051a8ec755b627caec6b39f Mick INC replied to the topic Holiday house for me - THE GUILT in the forum No Subject https://www.propertyinvesting.com/topic/4370915-holiday-house-for-me-the-guilt/#post-4452208 Sat, 31 Jan 2004 16:24:30 +0000 Gidday jars

Well I think you’re out of my league. Myself, I’m aiming for 2 – 3 million net worth in five years – haven’t thought about ten mill yet!!

I do believe though, for anyone on here to give you some real advice they would maybe require more info, like your gross income etc. and obviously it not advisable to provide that much detail on…[Read more]

]]> 68ca2f2b519de02e857a1ec8d9349f9d Mick INC replied to the topic to manage or not to manage in the forum General Property https://www.propertyinvesting.com/topic/4370825-to-manage-or-not-to-manage/#post-4451278 Fri, 30 Jan 2004 18:08:42 +0000 I manage all my IP’s and haven’t had any major probs.
I quite enjoy it. The only bad experiences I’ve had is with property managers.

I say “if you want something done right – do it yourself”. Now that’s what I call piece of mind!!!!

My only advise is be organised and professional, you only have one IP to manage so you should be able to do better…[Read more]

]]> 33bb28cf7396cd779fd0d05c75a3c5c5 Mick INC replied to the topic Carwash Investments in the forum General Property https://www.propertyinvesting.com/topic/4370632-carwash-investments/#post-4449607 Wed, 21 Jan 2004 02:54:15 +0000 Thanks for the info Pisces. I think I might start making a few inquiries. I have plenty of time to look into it at the moment as I wont be able to get finance for that sort of money for another two or three years anyway.

Mick

]]> 1a2a27f393103185ecac203821263528 Mick INC replied to the topic 50% PPOR & 50% Tenanted in the forum General Property https://www.propertyinvesting.com/topic/4370603-50-ppor-50-tenanted/#post-4449390 Tue, 20 Jan 2004 09:23:52 +0000 Originally posted by ryanmel:
are there any tax implications or legal issues if the people are paying “board” to you instead of “rent”?

The main difference is that people paying board do not fall under the residential tenancy act, which give them very little rights. In this situation the landlord becomes GOD!

Mick

]]> e3565b4a890b7e5f0e48ae5975488646 Mick INC replied to the topic HOW GOOD ARE U in the forum General Property https://www.propertyinvesting.com/topic/4370626-how-good-are-u/#post-4449533 Tue, 20 Jan 2004 08:30:02 +0000 As I see it there are two ways to create equity.

The first is obviously to buy below market value.

Second is renovation etc.
If you’re just starting off there are plenty of low cost things to do.
1. Improve street appeal
2. Create outdoor entertainment areas
3. Painting (yuk)
4. Removing clutter
5. Gardens / lawns
6. Brighten up dark areas of…[Read more]

]]> 84ab9808123f6f6fb38d8976f460261b Mick INC replied to the topic What would you have done? in the forum General Property https://www.propertyinvesting.com/topic/4370479-what-would-you-have-done/page/2/#post-4448235 Mon, 19 Jan 2004 06:44:08 +0000 I would just politely hang up the phone and find someone else to do bussiness with. He’s not worth getting upset about.

He is a very naughty little agent, and naughty agents should be seen but NOT heard!!!!![}:)]

Mick

]]> f2282dfe7f008c62918072727784ab3f Mick INC replied to the topic 50% PPOR & 50% Tenanted in the forum General Property https://www.propertyinvesting.com/topic/4370603-50-ppor-50-tenanted/#post-4449386 Mon, 19 Jan 2004 06:20:22 +0000 Hi Kim,

I have been renting out rooms for years. Both in my PPOR and IP’s. I never used to tell the tax man about income from PPOR. I do now, but only because I want to prove income to keep buying IP’s.

I do have tailor made leases, ID forms and room reports sheets if you would like them.

If you like you can email me on…[Read more]

]]> d8e6e36d9466a78c102e3d45db781475 Mick INC replied to the topic reserve bank up / down in the forum General Property https://www.propertyinvesting.com/topic/4370484-reserve-bank-up-down/#post-4448301 Tue, 13 Jan 2004 14:20:50 +0000 I believe interest rates will remain stable for some time, Stability seems to be all the go with the RBA for a while now. I believe they will just threaten to lift rates and let the media do the rest. Making us believe rates are going up is almost as good as actually putting them up.
It’s called the “Claytons” interest rate rise!!!!!

Mick INC

]]> d6a11c3c514c85472da5ada83b324f2f Mick INC replied to the topic Interest rates in the forum Opinionated! https://www.propertyinvesting.com/topic/4370242-interest-rates-7/#post-4446219 Tue, 13 Jan 2004 13:58:33 +0000 My prediction is next rate rise will be in June/July (0.25%) if at all. I believe the RBA is worried about strenghening the Aussie dollar, and a rate rise will do that!

Mick INC

]]> c43ca23d59757926c5face0d79848613 Mick INC replied to the topic The Future? in the forum General Property https://www.propertyinvesting.com/topic/4370324-the-future/page/2/#post-4446956 Sat, 10 Jan 2004 02:41:06 +0000

quote:Originally posted by HousesOnly
Kay
Always consider the long-term trend currently which indicates that almost every property for sale today is overvalued by about 100-150%!

Hey Guys
If a property was overvalued by 100% wouldn’t that mean it should be free, or at 150% the seller should pay me to take it off their hands?
Hmm, sounds like a…[Read more]

]]> 0a6842c2081f130292762433e587b1f3 Mick INC replied to the topic software in the forum General Property https://www.propertyinvesting.com/topic/4368867-software-3/page/4/#post-4434784 Fri, 02 Jan 2004 15:09:50 +0000

quote:
I have Property Manager Pro Version 3.14, I can email it (6Mb) if anyone wants it.

HI

I would really love a copy.
My email address is mick29au@optusnet.com.au

Thanks heaps
Mick INC

]]> 12360deaf2b5a4624820a193c3f55332 Mick INC replied to the topic Multiple Streams of Stupidity in the forum Opinionated! https://www.propertyinvesting.com/topic/4369379-multiple-streams-of-stupidity/#post-4439356 Tue, 23 Dec 2003 11:23:38 +0000 WOW!

Poor old JayJay. Don’t worry mate I wont pick on you. All we can hope is that all these MORALS getting tossed around in here might just rub off on you and me.

Don’t get me wrong guys, I’m not taking sides here, I’m quite happy sitting on the fence[:)]

One thing to consider though is that not everyone can afford $600 bucks or so to buy an…[Read more]

]]> fb0d9c5be8f21c093dcb1915be89af3c Mick INC replied to the topic Change in Policy Re: Posts about Stocks/Shares in the forum No Subject https://www.propertyinvesting.com/topic/4369636-change-in-policy-re-posts-about-stocksshares/#post-4441396 Tue, 16 Dec 2003 17:38:06 +0000 Good on ya Steve! My mother always told me that shares are the Devils work!![}:)]

Now we have a nice wholesome, and christian forum again. YAY [8)]

Mick INC

]]> cc94afcfb9ba5a4f3ef2a49f7f4892f4 Mick INC replied to the topic Steve 0-130 in 42 Months,Cowra : 0-80 in 6 months in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369192-steve-0-130-in-42-monthscowra-0-80-in-6-months/page/3/#post-4437781 Tue, 16 Dec 2003 17:21:37 +0000

quote:
“theres a time to have the brains of and idiot ”

ummmmmm, they’re teaching people in the NAVY that?
*shocked*

Hey shaunwalker I’m guessing you must have been a Bosun’s Mate[:D]

Mick INC

]]> 118607b4e9efeb20a1fe6e4ca172b765 Mick INC replied to the topic A Wrap Deal for FREE !! (Insane!) in the forum Hotch Potch https://www.propertyinvesting.com/topic/4370021-a-wrap-deal-for-free-insane/#post-4444573 Tue, 16 Dec 2003 17:10:45 +0000 SO what’s your motivation for doing this??? Maybe you’re just a really nice person. [;)]

I’m sure someone will snap it up!

Mick INC

PS. Any chance of lending me $50?? [^]

]]> 3a064d4fdd678e49018a3af5c8530ec5 Mick INC replied to the topic **PropertyGuru** New Positive Cashflow Rule in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369996-propertyguru-new-positive-cashflow-rule/#post-4444383 Tue, 16 Dec 2003 17:05:24 +0000 I don’t like your rule! Now I only have two +cf, one neutral and one -cf property. [:(]

On the 11 sec rule I had 3 +ve and 1 -ve. I like the old rule beta[:D]

Mick INC

]]> 5803ee317021c2ef8cc89bbca7f81e17 Mick INC replied to the topic How Many IP's in the forum Forum Frolic https://www.propertyinvesting.com/topic/4370024-how-many-ips/#post-4444669 Tue, 16 Dec 2003 16:49:12 +0000 I’ve got 4 IP’s. Buy and Hold.

Mick INC

]]> cd64185f1d6233f3071f649b2e139e67 Mick INC replied to the topic Property Management Software in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369995-property-management-software-2/#post-4444371 Tue, 16 Dec 2003 14:48:32 +0000 Hey thanks everyone, you’ve been a great help.

Mick INC

]]> 696fab1608beba5caf2f49c2206d835c Mick INC replied to the topic Changing locks/safety? in the forum General Property https://www.propertyinvesting.com/topic/4370022-changing-lockssafety/#post-4444584 Tue, 16 Dec 2003 14:41:10 +0000 Personally I wouldn’t bother. If you are concerned about tenant peace of mind, I find that a medium quality alarm system does the trick. But make sure it has a keypad and not a remote. Don’t have have it monitored either!!

Mick INC

]]> eb41c68512f091d4dc469fdd8503e098 Mick INC replied to the topic losing badly i think in the forum General Property https://www.propertyinvesting.com/topic/4369785-losing-badly-i-think/#post-4442966 Sat, 13 Dec 2003 08:33:45 +0000

quote:
thanks shnook &risky they are all open lines of credit can pay more than the interest component which i do only to the tune of 15/ 20 $ per week each prop your ideas make a lot of sense will be seeing my a/c and lender very soon
cheers chris

Why have so many LOC’s, you only need one to take advantage of the concept. LOC generally attract…[Read more]

]]> 188aaf43da32091d4eef576dcafb2600 Mick INC replied to the topic Property Investment_ No.1 in the forum No Subject https://www.propertyinvesting.com/topic/4369964-property-investment_-no-1/#post-4444110 Sat, 13 Dec 2003 08:17:21 +0000 Aye Mate,

So are you saying you are happy to move out to an area where +geared IP’s can be found (ie country area) and live there for a year. Or are you telling us porky pies.

Hmmm, sounds dodgy

Mick INC

]]> 5c8b8443ca2821934821d640f87d949d Mick INC replied to the topic Sub-letting in the forum General Property https://www.propertyinvesting.com/topic/4369925-sub-letting/#post-4443795 Sat, 13 Dec 2003 08:08:58 +0000 Quote:
Yeah, I remember a guy I knew trying to pull that one a number of years ago. He decided he would charge everyone else higher rent, and have a free ride himself. He didn’t let anyone else know he was getting free rent.

Hey nothing wrong with that! He wouldn’t have had any probs if he had been more upfront about it the whole affair. I…[Read more]

]]> 87a13fb7fd2b54f6b012f06a12ef1ef3 Mick INC replied to the topic Sub-letting in the forum General Property https://www.propertyinvesting.com/topic/4369925-sub-letting/#post-4443794 Sat, 13 Dec 2003 08:00:39 +0000 A student in Brisbane currently leases several houses in Brisbane near Unis at say $250 per week, rents out the four bedrooms per week at $100 per room making $150 per house per week to pay for his own rent/house.

Gidday
Just thought I’d add in my two cents worth on this topic.

Firstly I’d like to say that I believe i have considerable…[Read more]

]]> e5b32b481cb013c9c38682651490c184 Mick INC replied to the topic Should I buy and hold? in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369831-should-i-buy-and-hold/#post-4443165 Sun, 07 Dec 2003 17:10:57 +0000 Hey Phil

Just a thought! How about buying the positively geared property and spend a few grand on maintenance before you head overseas, and make some money $$$. Add extra payments from job in the UK and you’ll be streets ahead of that silly old negatively (-) gear ip.

You know what to do!

PS Think positive! It works for me!! $$$

]]> 5c2d824fae4b82184ea97fe58967cb17 Mick INC replied to the topic Please explain ? in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369710-please-explain-2/page/2/#post-4442045 Sun, 07 Dec 2003 15:57:09 +0000 A couple of others things to think about when moving iP’s into trusts is that when applying for finance banks tend to treat the trust just like a person ie. they will only use 30% of the trust income (rent) to qualify for finance. So you may have to go guarantor for the trust in which case attracts an extra $300 to sign the extra paper work in the…[Read more]

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