PropertyInvesting.com | mick64 | Activity https://www.propertyinvesting.com/members/mick64/activity/ Activity feed for mick64. Sun, 12 Apr 2026 10:56:16 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 3e9166485bd68a48580841cd4335242e mick64 replied to the topic SMSF Nundah in the forum Help Needed! https://www.propertyinvesting.com/topic/4408825-smsf-nundah/#post-4687256 Sat, 23 Feb 2013 22:18:22 +0000 Thanks Richard,

It looked to me to tick a lot of boxes but its always good to hear someone elses opinion!

I have sent you a PM regarding my smsf.

Mick

]]> e564b922d872d0cdeb569b6fcf0b76b2 mick64 replied to the topic Set up costs in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4408437-set-up-costs/#post-4683875 Sun, 13 Jan 2013 20:29:13 +0000 Thanks Gents for your responses.

Richard, I have sent you an email re your Ebook.

Thanks Mick

]]> 361f1b32f711b89c27fc070980eab8b4 mick64 replied to the topic Where to get Depreciation report? in the forum I thought it was just me! https://www.propertyinvesting.com/topic/4404020-where-to-get-depreciation-report/#post-4650425 Wed, 12 Dec 2012 08:47:30 +0000 I thought it was just me!

]]> 239ad2a49d21b3f4ee2c5faedc00544b mick64 replied to the topic How do you initiate vendor finance? in the forum Creative Investing https://www.propertyinvesting.com/topic/4408234-how-do-you-initiate-vendor-finance/#post-4682161 Fri, 07 Dec 2012 07:14:06 +0000 Your income Daneo!  Separate from your rental returns
 180K @ 5.6% = $195 per week repayments + management rates etc

less improvements in your tax position ……..mortgage insurance, depreciation etc

]]> 6ddf22ee993c5cdd350cc512a4713b69 mick64 replied to the topic How do you initiate vendor finance? in the forum Creative Investing https://www.propertyinvesting.com/topic/4408234-how-do-you-initiate-vendor-finance/#post-4682159 Fri, 07 Dec 2012 06:35:15 +0000 My sums tell me this property is positively geared!

Surmising a 10% deposit with an income of 50k it should generate $40-$50 per week.  

]]> e79b8910adc471b897b595c9505b7938 mick64 replied to the topic RBA meeting Tom. What r they gonna do?? in the forum Finance https://www.propertyinvesting.com/topic/4408205-rba-meeting-tom-what-r-they-gonna-do/#post-4681955 Tue, 04 Dec 2012 03:04:27 +0000 Not much and a long time!

]]> e2d566959c82612a5b0810ccee0c1dd5 mick64 replied to the topic RBA meeting Tom. What r they gonna do?? in the forum Finance https://www.propertyinvesting.com/topic/4408205-rba-meeting-tom-what-r-they-gonna-do/#post-4681953 Tue, 04 Dec 2012 00:17:21 +0000 Bold prediction……1/2% drop

]]> 38dfc8b463b53ac3e2c0771d3eae95f8 mick64 replied to the topic What Inspires You? in the forum General Property https://www.propertyinvesting.com/topic/4407987-what-inspires-you/#post-4680122 Mon, 03 Dec 2012 04:43:38 +0000 My Family………………and the want to spend as much time with them as possible!

]]> a2fed18dae9727dd9f26ee2b0bf0ff9a mick64 replied to the topic Concrete or stepping stones/gravel for side access? in the forum Value Adding https://www.propertyinvesting.com/topic/4408183-concrete-or-stepping-stonesgravel-for-side-access/#post-4681758 Thu, 29 Nov 2012 11:39:22 +0000 Weed mat or geotextile fabric/bidum would be the best to use.

I would use a river pebble rather than a gravel due to it being smooth to walk on bare footed

]]> 63fd15bb80eaa396cbc695a596f2f7f5 mick64 replied to the topic NRAS for Dole/low income earners? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408180-nras-for-dolelow-income-earners/#post-4681735 Wed, 28 Nov 2012 20:26:10 +0000  Hi Aussieguy.

Her is a link as requested, however  when I was looking at purchasing an NRAS property the marketing spin was that preferred tenants are teachers, police, nurses etc etc…….no mention of welfare recipients meeting the criteria.

But at the end of the day the landlord still chooses who they will allow in their…[Read more]

]]> 6e3ae6629f0f9838ca6a3773ec2f56ec mick64 replied to the topic Settlement Delay! in the forum Thanks PLC, https://www.propertyinvesting.com/topic/4408152-settlement-delay/page/2/#post-4681549 Wed, 28 Nov 2012 05:00:47 +0000 Thanks PLC,

Luckily it didn't apply in this case as both solicitors viewed the vendor as delaying the settlement.

]]> 3f89ab5f7f0e3990fd26cbec7c0e56e0 mick64 replied to the topic Settlement Delay! in the forum Great news property settled https://www.propertyinvesting.com/topic/4408152-settlement-delay/page/2/#post-4681547 Tue, 27 Nov 2012 05:50:10 +0000 Great news property settled today, carpets and stove professionally cleaned but still need to spend $5-600 to get it to  where it was at exchange. I will put this down to an education.

Terry, no mention of penalty interest …..can you elaborate on where that may have come into play?

Thanks Mick

]]> 3b01952c4649acee35074bbb869199a1 mick64 replied to the topic Settlement Delay! in the forum Mystery, https://www.propertyinvesting.com/topic/4408152-settlement-delay/page/2/#post-4681545 Mon, 26 Nov 2012 23:15:41 +0000 Mystery,

I think it could drag on indefinitely, however my tenant cant wait forever!

But you are correct it is costing the vendor interest charges daily.

Mick

]]> c6e4e8d4bcd79997abf08b21c1f23a8f mick64 replied to the topic Settlement Delay! in the forum General Property https://www.propertyinvesting.com/topic/4408152-settlement-delay/#post-4681542 Mon, 26 Nov 2012 07:09:35 +0000 I am beginning to think the same thing Terry!

]]> 8404e78d8a2625b9cf6b1a3416b9a6b0 mick64 replied to the topic Settlement Delay! in the forum General Property https://www.propertyinvesting.com/topic/4408152-settlement-delay/#post-4681541 Mon, 26 Nov 2012 07:08:56 +0000 Mystery,

The tenants all 3 of them had only been in the property since the day before I first made an offer some 40 days ago…..no formal arrangements just $500 per week rent.

]]> daedb51342a9eed1960791050ddf7166 mick64 replied to the topic Settlement Delay! in the forum General Property https://www.propertyinvesting.com/topic/4408152-settlement-delay/#post-4681538 Mon, 26 Nov 2012 05:29:56 +0000 Thanks Terry,

Tenant has moved out , property is still filthy with minor repairs required! The vendor is unable to provide keys to the back door, the Garage, an internal door and the front deadlock.

We have reduced a hold back that our solicitor suggested on Friday from $2000 to $750 dollars today! However the vendor wont budge…….he refuses…[Read more]

]]> 09e001dfaa30402558fc6c38c4f64c35 mick64 replied to the topic Settlement Delay! in the forum General Property https://www.propertyinvesting.com/topic/4408152-settlement-delay/#post-4681536 Sun, 25 Nov 2012 20:19:10 +0000 Will do Catalyst,

Cant wait to see what today brings?

Mick

]]> 33f8a57bf385c3d44588877ced641030 mick64 replied to the topic Settlement Delay! in the forum General Property https://www.propertyinvesting.com/topic/4408152-settlement-delay/#post-4681532 Sun, 25 Nov 2012 00:11:58 +0000 Gazza,

Livid is an understatement but I keep reminding myself that its business and if I get a good outcome and am not out of pocket too much than it will be OK.

Joe, what scares me is they are actually cooking and eating amongst the filth.

]]> 932a88bfc0eee4885de46acda134f723 mick64 replied to the topic Settlement Delay! in the forum General Property https://www.propertyinvesting.com/topic/4408152-settlement-delay/#post-4681529 Sat, 24 Nov 2012 22:42:44 +0000 My house also Rick,

I don't think the tenants would know what day it is!

]]> 07b2a9eab6c662c67de30092b7d13e86 mick64 replied to the topic Settlement Delay! in the forum General Property https://www.propertyinvesting.com/topic/4408152-settlement-delay/#post-4681528 Sat, 24 Nov 2012 22:41:21 +0000 Thanks Jamie,

It is very frustrating, our solicitor has advised that we are going to hold some monies to cover costs  however I am not sure of the legalities?

I would be absolutely happy if the property was as inspected at time of purchase.

Cheers Mick

]]> e7a3068e30f45ce4ca799dbb3e8db8fd mick64 replied to the topic Body Corporate in the forum Help Needed! https://www.propertyinvesting.com/topic/4407970-body-corporate-3/#post-4680009 Sat, 27 Oct 2012 05:44:02 +0000 The figures are correct.
Standard short font driveway

]]> 60016ee33ec2b5d56c75d159eff9c3e8 mick64 replied to the topic Body Corporate in the forum Help Needed! https://www.propertyinvesting.com/topic/4407970-body-corporate-3/#post-4680007 Sat, 27 Oct 2012 05:23:00 +0000 Derek,

You have it in one, its the $2600 per annum that i would much rather be paying my mortgage etc.

Didn't sound right to me either!

]]> 38b547ff82ece827012bdaee77eecd44 mick64 replied to the topic Body Corporate in the forum Help Needed! https://www.propertyinvesting.com/topic/4407970-body-corporate-3/#post-4680004 Sat, 27 Oct 2012 02:50:00 +0000 Thanks Terry,

]]> 5f2b42cf73ea40272854340085ff52e5 mick64 replied to the topic Body Corporate in the forum Help Needed! https://www.propertyinvesting.com/topic/4407970-body-corporate-3/#post-4680002 Sat, 27 Oct 2012 02:10:34 +0000 XDrew, Body corp doesn't scare me, it was an added cost that didn't fit within my property profile! Of course i will insure my investment. I would rather the additional monies being in my offset saving me money.
The body corp agreement is not a written one but rather an informal verbal agreement between the previous owners of the 2…[Read more]

]]> 622788d1f6dfc06b175f5be3cf945cba mick64 replied to the topic Private Rent vs Agent Managed in the forum General Property https://www.propertyinvesting.com/topic/4393743-private-rent-vs-agent-managed/#post-4590346 Sat, 27 Oct 2012 00:20:46 +0000 Thanks Jac,

$22 is a lot cheaper than Tica anyway!

Veda own the site and they are one of the main credit reporting agencies so should be credible.

]]> 5f53b6d7f954bba59dcfcc835aaa55a9 mick64 replied to the topic Private Rent vs Agent Managed in the forum General Property https://www.propertyinvesting.com/topic/4393743-private-rent-vs-agent-managed/#post-4590344 Fri, 26 Oct 2012 21:15:41 +0000 Are there any private managers on the forums subscribe to Tica or other similar reporting agency's?

I would appreciate any opinions both positive and negative.
Thanks Mick

]]> 9ae39f1a290912236345df5124f7784e mick64 replied to the topic Negative Gearing calculator in the forum Help Needed! https://www.propertyinvesting.com/topic/4407289-negative-gearing-calculator/#post-4674919 Fri, 26 Oct 2012 20:24:20 +0000 I like Jamies spreadsheet better!

Thanks Jamie

]]> 39a26daaad0d71d2ccd9cd76a2f989a0 mick64 replied to the topic Negative Gearing calculator in the forum Help Needed! https://www.propertyinvesting.com/topic/4407289-negative-gearing-calculator/#post-4674918 Fri, 26 Oct 2012 20:06:48 +0000 Here are a couple more!

http://mybank.com.au/negative.asp
http://www.smartline.com.au/mortgage-calculators/investment-property-cashflow.html
http://www.yourinvestmentpropertymag.com.au/calculators/negative-gearing/

]]> 05b85f7808da0cfb45b3114f790b5a6d mick64 replied to the topic Subdivision name in the forum Help Needed! https://www.propertyinvesting.com/topic/4407931-subdivision-name/#post-4679655 Thu, 25 Oct 2012 22:22:17 +0000 Another historical reference is Dai Gun San (Big Gold Mountain) in reference to the Chinese gold miners, 

]]> 08b4721dfe5dfd02a9db43a85279e659 mick64 replied to the topic Subdivision name in the forum Help Needed! https://www.propertyinvesting.com/topic/4407931-subdivision-name/#post-4679648 Tue, 23 Oct 2012 02:19:05 +0000 Bendigo is a major producer of Eucalyptus oil:
2 species used are
"Bluegum Rise"       blue mallee gums (Eucalyptus polybractea),
"Peppermint Gum Rise"        narrow leafed peppermint gum (Eucalyptus radiata var. Australiana)

]]> f8243148333bd5dff8d8dd194ef539d5 mick64 replied to the topic What else do you do? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4406299-what-else-do-you-do/page/2/#post-4667381 Sat, 20 Oct 2012 04:10:22 +0000 I like combining scuba diving and travel…..have a few os trips under my belt and hoping to purchase ip's at good dive sites around the country.

]]> 6556b452aa26737cb04a6f15e17d7019 mick64 replied to the topic Defence Housing Australia (DHA) property investing in the forum General Property https://www.propertyinvesting.com/topic/4407875-defence-housing-australia-dha-property-investing/#post-4679295 Sun, 14 Oct 2012 09:04:32 +0000 The property management fees are also very high…….18% from memory!

]]> f7b67b333ea8f4cef3f81d819f5ea1db mick64 replied to the topic Multiple Tenants in the forum Help Needed! https://www.propertyinvesting.com/topic/4407877-multiple-tenants/#post-4679313 Sun, 14 Oct 2012 06:53:25 +0000 Hi Scott,

Yeah I have, but we wont go into that!

No extra rooms being created and the tenants seem to be getting on so it may be a win win.

]]> c1eab0ce47c45b28f0c43cee7d58ce0c mick64 replied to the topic IP profit / loss? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407868-ip-profit-loss/#post-4679240 Sun, 14 Oct 2012 01:00:18 +0000 What about Mortgage insurance on the initial purchase…….aprox 30k
Looks like a tight deal.

Mick

]]> 927d5b5edc707e5128723d7fe2c5fb79 mick64 replied to the topic Holiday rentals in the forum Help Needed! https://www.propertyinvesting.com/topic/4407622-holiday-rentals/#post-4677426 Fri, 12 Oct 2012 21:29:48 +0000 Thanks Derek and Richard for your advice!

I heeded your advice and am thankfull that I did.

Mick

]]> 04e85680241c73cbef6039b086cbfd71 mick64 replied to the topic Property management in the forum Help Needed! https://www.propertyinvesting.com/topic/4407851-property-management-9/#post-4679160 Fri, 12 Oct 2012 19:08:52 +0000 Thanks jvalender,

Some good questions there! Some that I wouldn't have thought of asking.

Mick

]]> b275358e2c12da291fbeff0b612c04f6 mick64 replied to the topic Property management in the forum Help Needed! https://www.propertyinvesting.com/topic/4407851-property-management-9/#post-4679159 Fri, 12 Oct 2012 19:05:01 +0000 Thanks DWolfe,

I have taken your advice and contacted 3 PM;s whilst their pricing is very similar their levels of enthusiasm varied greatly…..I will put it down to being Friday afternoon.

Lets see what happens next week.

Mick

]]> a453c43b38540c1b7bdcea3709a6f945 mick64 replied to the topic Park Trent Seminar in the forum Creative Investing https://www.propertyinvesting.com/topic/4407613-park-trent-seminar/#post-4677341 Thu, 13 Sep 2012 05:58:07 +0000 I unfortunately had not been saved and waisted a few hours and a few hundred dollars attending Park Trent seminars and sales pitches! But luckily i didn't invest any of my hard earned dollars with them 

]]>