PropertyInvesting.com | mickjohn | Activity https://www.propertyinvesting.com/members/mickjohn/activity/ Activity feed for mickjohn. Sun, 12 Apr 2026 12:47:47 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 c61ef539dffc6604b339e92c3eb1d5e2 mickjohn replied to the topic Is this possible? in the forum Thanks Richard! 75% is much https://www.propertyinvesting.com/topic/4406031-is-this-possible-6/#post-4665170 Wed, 07 Mar 2012 04:52:49 +0000 Thanks Richard!

75% is much higher than I would have expected.

So it appears that an LLC is the way to go and finance is certainly achievable.

One last question that is more heard of in the stock market…..
Are people considering the Sovereign risk?
Is it conceivable that the US will either end foreign investment within its RE industry or lock…[Read more]

]]> a0c2eb0fbf544ba2fba86ee0401d5204 mickjohn replied to the topic Useful Buffett Insight in the forum General Property https://www.propertyinvesting.com/topic/4402822-useful-buffett-insight/page/5/#post-4642235 Sat, 26 Feb 2011 14:27:28 +0000 fWord wrote:

johnrisk wrote:
Smart money is and has been flowing into assets that will do well during inflation.

<moderator: delete flame> Care to elaborate on what assets those might be?It's well and fine for people to say, 'Oh, don't invest in this', or 'oh, don't invest in that either'. But certainly then, these people should then be able…[Read more]

]]> f1991f33c217d5e2a65c0b082da8528e mickjohn replied to the topic WE OWN TWO PROPERTIES, CREDIT CARD MAXED OUT & FEEL LIKE WE'VE HIT A BRICK WALL! WHAT WOULD YOU DO? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401978-we-own-two-properties-credit-card-maxed-out-feel-like-weve-hit-a-brick-wall-what-would-you-do/#post-4636800 Tue, 23 Nov 2010 15:42:37 +0000 Hey,Its a little difficult to determine your true position without declaring your income. There is a wealth of knowledge on here and a few brokers who may be able to offer advice, but they will need more info.Personally, I would pay down that credit card as a number 1 priority. Forget re-investing or renovating until that is done. If your income…[Read more]

]]> 626e7873a4b83b0e54a45cf997b5b67d mickjohn replied to the topic Australian Property Bubble (article on Associated Press) in the forum General Property https://www.propertyinvesting.com/topic/4401872-australian-property-bubble-article-on-associated-press/page/2/#post-4636104 Mon, 22 Nov 2010 13:20:30 +0000 i tend to agree that the sentiment here in Australia is changing about with regards to cost of properties. Its funny because none of the fundamentals have really changed that much in my opinion. It is also my humble opinion that, as the global economic situation gains more uncertainty then the sentiment in traditional investment classes may be…[Read more]

]]> 41ed185e4c55f881dfc9f17234b86185 mickjohn replied to the topic Have found opportunities, now need to find a syndicate. in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401744-have-found-opportunities-now-need-to-find-a-syndicate/#post-4635373 Fri, 19 Nov 2010 11:54:49 +0000 Interested. Thank you for your honest answer. I would like to hear more as it develops and, if required will assist in any way that I can.Please add me to any list that you have or email circular.Cheers,Mick

]]> 821ac9d6dbdd23a47a40ee8d4895061b mickjohn replied to the topic Have found opportunities, now need to find a syndicate. in the forum Overseas Deals https://www.propertyinvesting.com/topic/4401744-have-found-opportunities-now-need-to-find-a-syndicate/#post-4635369 Wed, 17 Nov 2010 14:04:41 +0000 Martha,Can i request more information please. i have been looking(previously) at similar markets and wondered how to get the venture off the ground.I am interested to know the structure of any proposed LLC and the number of shares on offer, whether one person can invest in more than one share also. If there arent answers to these questions yet,…[Read more]

]]> 685389c59bf3e3a200f5de00fe03781a mickjohn replied to the topic Property and Silver - Mistake or not mistake in the forum No mistake. I am young(ish), https://www.propertyinvesting.com/topic/4401820-property-and-silver-mistake-or-not-mistake/#post-4635737 Wed, 10 Nov 2010 11:53:25 +0000 No mistake.I am young(ish), have a few properties and have started over the last 6 months diversifying, mostly into Silver. I have been a member of this forum for several years(mostly loitering) and can tell you that I have a heavy biaise towards property. Silver however has changed this. I still hold my property and you have to understand that…[Read more]

]]> 291b3c0bc989c444f5d22232753e11b0 mickjohn replied to the topic Interest Rates on Hold in the forum Finance https://www.propertyinvesting.com/topic/4401399-interest-rates-on-hold-2/#post-4633440 Fri, 08 Oct 2010 00:17:58 +0000 Dependant on your capital, location and your ability to securely store Precious Metals, there are a couple of options. The number of bullion dealers in Australia is growing at a good rate with presence in most states/capital cities. Perth mint also offer a few services, you can purchase online/over the phone and they will ship to you(with…[Read more]

]]> 77840a4e855ebb6b858ef9699f45d00f mickjohn replied to the topic Interest Rates on Hold in the forum Finance https://www.propertyinvesting.com/topic/4401399-interest-rates-on-hold-2/#post-4633438 Thu, 07 Oct 2010 09:41:17 +0000 Hey,Consumer debt = nilVariable finance = still considering going fixed.Currently I am investing in physical silver. I have set a goal and will have achieved that goal within the fortnight. After that I intend to look into more potentially spec stocks. I am yet to do thorough research for prospects on that. I have been focused on building my…[Read more]

]]> 6c5006b5688b88c259bc0b88da65bc21 mickjohn replied to the topic Interest Rates on Hold in the forum Finance https://www.propertyinvesting.com/topic/4401399-interest-rates-on-hold-2/#post-4633436 Tue, 05 Oct 2010 11:58:14 +0000 Thank god for that!I too am investing in silver….. fairly heavily. A little more speculative than gold i know. the next round of QE, i believe will do little to jump start the US economy….. Unless its significant, which could cause the pendulum to move heavily into they hyperinflationary scenario. I dont think the US will stand alone in that…[Read more]

]]> 8026d509e21b303a0ddb25e59d96659b mickjohn replied to the topic Interest Rates on Hold in the forum Finance https://www.propertyinvesting.com/topic/4401399-interest-rates-on-hold-2/#post-4633434 Tue, 05 Oct 2010 09:23:47 +0000 I thought that I was going crazy…..It felt like everywhere in the media was reporting an almost certain rate hike but the reality is…… I think it would have done very little to curb inflation driven by international demand for our resources.As far as uncertainty in the global economy goes, im suprised that a rate rise was even on the cards.…[Read more]

]]> c1b72638362196a4d475e6059b382336 mickjohn replied to the topic One bedroom Reno Help Required in the forum Help Needed! https://www.propertyinvesting.com/topic/4400334-one-bedroom-reno-help-required/#post-4626815 Thu, 24 Jun 2010 06:47:28 +0000 Would Asbestos be an issue with an older unit like this?

]]> 20614d1a5e46fa8f9fddef82ce064681 mickjohn replied to the topic Using cash or borrowing the full amount? in the forum Finance https://www.propertyinvesting.com/topic/4400144-using-cash-or-borrowing-the-full-amount/#post-4625530 Mon, 07 Jun 2010 12:47:20 +0000 If you borrowed 100% and used an offset with the cash…. wouldnt you still pay LMI?Would you, at the end of the day be better off putting in 20% to avoid that?This is assuming that you have the 20% to put down plus reserves for offset.feel free to disagree.

]]> 717a24f915c2e7800a4f1002c940dcd0 mickjohn replied to the topic Transportable homes in the forum Value Adding https://www.propertyinvesting.com/topic/4385117-transportable-homes-2/#post-4545614 Sat, 05 Jun 2010 10:21:50 +0000 Has anyone got any experience with depreciation on transportable homes?Are they eligible for the same tax concessions (ref depreciation) that a regular property would be entitled to?Also is it at the same rate?Cheers in advance.Mick

]]> a09e4242bba1dbee70ac36d544d7e6e3 mickjohn replied to the topic Aussie Home Loans and Mortgage Choice? in the forum Help Needed! https://www.propertyinvesting.com/topic/4399994-aussie-home-loans-and-mortgage-choice/#post-4624750 Tue, 25 May 2010 09:52:32 +0000 CSmith wrote:
I agree with Banker – go with someone who has runs on the board.http://www.prlog.org/10195970-mortgage-choice-wins-big-at-2009-mfaa-awards.html

– 2nd post barely makes you someone that runs on any board. Your post has validated several of the previous points.

]]> ff908d9650b1f8387e95c5138866f9cb mickjohn replied to the topic Aussie Home Loans and Mortgage Choice? in the forum Help Needed! https://www.propertyinvesting.com/topic/4399994-aussie-home-loans-and-mortgage-choice/#post-4624742 Sun, 23 May 2010 10:36:09 +0000 its a big generalisation, but I have never had a good experience from a broker through a franchise. If you want to use a broker, go for an independent that has been referred by a friend.

]]> e2a10b25784f27f103741b08585f951b mickjohn replied to the topic Timber flooring questions. in the forum Value Adding https://www.propertyinvesting.com/topic/4399033-timber-flooring-questions/#post-4618789 Fri, 12 Mar 2010 23:26:32 +0000 I have wooden floors in my unit(that i am the tenant for)…………. They are no good. It is a new executive style unit with  many good finishes however….This place and the boards is only about 13 months old and the boards are curling up and separating in many places. I am planning to renovate(IP) and was planning to use floorboards, but I…[Read more]

]]> 26d9af9b79adea31dc311f430a6432d6 mickjohn replied to the topic Do I sell or hold on?? What would you do? in the forum Help Needed! https://www.propertyinvesting.com/topic/4398928-do-i-sell-or-hold-on-what-would-you-do/#post-4618000 Sun, 28 Feb 2010 06:32:32 +0000 Without knowing the complete picture, could you hold onto it and value add by renovating?ORas it is a bigger block, could you get approval for a second dwelling, like a modular house or a kit home, something basic that could be rented easily, this may turn it positive and give you a little capital growth along the way.Or Depending on town…[Read more]

]]> 4b48047586011f77223032447e15569f mickjohn replied to the topic finding towns with population over 10,000 in the forum Help Needed! https://www.propertyinvesting.com/topic/4398924-finding-towns-with-population-over-10000/#post-4617971 Sun, 28 Feb 2010 01:13:08 +0000 I dont know if this will help, but I use the aus bureau of statistics – http://www.abs.gov.au and search by the town name and look at the census/regional data. Its not a list and not quite the answer to your question but in the absence of other suggestions….Good luckMick

]]> b947217abbc37274744c6d9ddf0e208c mickjohn replied to the topic Good deal or run away? in the forum Creative Investing https://www.propertyinvesting.com/topic/4398264-good-deal-or-run-away/#post-4614101 Thu, 07 Jan 2010 00:12:58 +0000 I may be missing something or maybe my elementary maths has failed me….Assuming the subdivision is approved, the collective land value would be $269k x 2  or around $540k, if you are spending up to $520k on the purchase price, with the risk that it may not in fact get the approvals….. is that risk vs return worth it? I guess it depends on…[Read more]

]]> 2a2baba4c089ee5e2ca789a1238b3d3a mickjohn replied to the topic General Commercial Queries? in the forum Commercial Property https://www.propertyinvesting.com/topic/4398159-general-commercial-queries/#post-4613402 Tue, 29 Dec 2009 01:35:01 +0000 Thanks so much for the replies!More than a little helpful. I just got off the phone to the bank and I can confirm that it is a 60% LVR and the best(well cheapest) way would be to secure it against another property for achieve about a 1.6% discount in rates. Might pass this one in, but thanks again, ill certainly be referring to this thread again…[Read more]

]]> a3282b318930c89cb23d098d067bcbce mickjohn replied to the topic QLD mining towns in the forum General Property https://www.propertyinvesting.com/topic/4397906-qld-mining-towns/#post-4611846 Tue, 15 Dec 2009 23:07:34 +0000 Hey all,Been taking a keen interest in this area recently……..Not a local to the area(lived in Toowoomba for a few years),Why is Wandoan seen as the better investment location? Miles, Chinchilla and Dalby seem to ping up on my radar a little more prominently due to the planned infrastructure. Granted the 'boom' if such would come is a little…[Read more]

]]> d86e00b77fe8f62e4bc7d4550eecfcdf mickjohn replied to the topic Cash Flow Gold Detroit Gold I tell you! in the forum General Property https://www.propertyinvesting.com/topic/4397217-cash-flow-gold-detroit-gold-i-tell-you/#post-4608929 Fri, 11 Sep 2009 06:36:26 +0000 kameruka,Just a few questions, I looked at Detroit real estate a little under 12 months ago, at that time there appeared to be a lot of people leaving Detroit due to employment problems. As a result , properties were (and still appear to be dirt cheap).Do you think this has changed?There are multiple companies similar to this one(possibly better…[Read more]

]]> 18379e3a0f2f40c052afba9a9ec65914 mickjohn replied to the topic STUCK- help needed-between a rock and a hard place.......BANK LOAN in the forum Finance https://www.propertyinvesting.com/topic/4396800-stuck-help-needed-between-a-rock-and-a-hard-place-bank-loan/#post-4606802 Wed, 29 Jul 2009 08:53:27 +0000 Can  i ask where the land is located?Perhaps A kit home or a rentable transportable home could be a cheaper option? I know that there are business hurting in these markets and there are some good deals going.Cheers,Mick

]]> e9b088feda07d6b0a31c5121172fec29 mickjohn replied to the topic We are looking to buy an investment property soon in Qld anyone have any tips on where to buy? and why? in the forum If your going to restrict https://www.propertyinvesting.com/topic/4396805-we-are-looking-to-buy-an-investment-property-soon-in-qld-anyone-have-any-tips-on-where-to-buy-and-why/#post-4606808 Fri, 24 Jul 2009 17:31:54 +0000 If your going to restrict yourself to qld……Maybe take a look at Toowoomba. I think its still relatively good value with potential growth, low vacancy rates and decent returns.I just had a tenant move from Brisbane, based purely from the 'value for money'…. or maybe my rents are too low. Anyway take a look. Im also looking at smaller…[Read more]

]]> 1fef34ec912f7e267d3cffb4a5083c78 mickjohn replied to the topic What to do next - young couple in the forum Help Needed! https://www.propertyinvesting.com/topic/4396373-what-to-do-next-young-couple/#post-4604748 Tue, 09 Jun 2009 10:45:14 +0000 Hey,There are a few more variables to add to your analysis….Management fees, rates, insurance, nil occupancy periods, maintenance and with the finance LMI and stamp duties etc etc.I admire your enthusiasm, however going into(by my calculations) over a million dollars debt within 18months puts you and your partner at massive exposure to any…[Read more]

]]> 58910a95e065842fad23bfdf2980879f mickjohn replied to the topic Finance for Larger purchases in the forum Finance https://www.propertyinvesting.com/topic/4396405-finance-for-larger-purchases/#post-4604885 Sun, 07 Jun 2009 22:43:55 +0000 Thanks for the responses!I will adjust my shopping criteria accordingly! :pCheers Mick

]]> a187b2552b2a745b4a538ef6362949cf mickjohn replied to the topic rent to buy in the forum Finance https://www.propertyinvesting.com/topic/4396342-rent-to-buy-3/#post-4604513 Mon, 01 Jun 2009 11:30:21 +0000 Perhaps a vendor finance option would suit, as the property is open to tenders?If, the property is worth what you say it is and the value of your assets is reasonable(i dont know enough about either).maybe you could offer the vendor 50k at settlement, 40k 3 months after settlement and the rest after 12 months? I have only read about these deals,…[Read more]

]]> 0bbdf0ecaea3bdb158f81fd0216247e4 mickjohn replied to the topic rent to buy in the forum Finance https://www.propertyinvesting.com/topic/4396342-rent-to-buy-3/#post-4604510 Mon, 01 Jun 2009 05:39:02 +0000 ok, i just found the property….. curiousity is a hell of a driving force!Dont worry, im not about to put in an offer! :p I think i understand why you dont want to disclose the location. With such a small population, anyone offering a finance solution to you, may themselves have difficulty getting finance in such a location from any bank. I…[Read more]

]]> ae30a9880de532e637fdfeabf2a054ce mickjohn replied to the topic rent to buy in the forum Finance https://www.propertyinvesting.com/topic/4396342-rent-to-buy-3/#post-4604509 Mon, 01 Jun 2009 05:20:24 +0000 Spudway, i understand your concern with not disclosing the property location, but if you have already placed a deposit and have a contract you wont lose the property. The only reason i suggested disclosing the location is so that people can look into the whole situation in its entirety so that they can make any offers/suggestions based on that.…[Read more]

]]> 45accd13d0a28ea1e45084ac1890ec44 mickjohn replied to the topic rent to buy in the forum Finance https://www.propertyinvesting.com/topic/4396342-rent-to-buy-3/#post-4604507 Mon, 01 Jun 2009 01:51:19 +0000 Hey Spudway,Can you please disclose the location of the property and if you know the approximate town population? as this will affect financing options for most of the people on this site.If there is a link to a website marketing the property this would probably be best.Are you staying on the pension or will you be seeking employment in the…[Read more]

]]> e0d25ea49cd2a8bbb2c317f5d7b522dc mickjohn replied to the topic Capital value vs Sale value in the forum Help Needed! https://www.propertyinvesting.com/topic/4396280-capital-value-vs-sale-value/#post-4604261 Sat, 23 May 2009 01:08:05 +0000 Hey Sanjay,IMHO Capital value is worthless, unless you can use the equity to re-draw or resell the property for that capital value…..Im pretty sure(depending on the local council) you pay more in rates for an increased capital value. Not 100% on that though.Capital value is probably only valuable to a real estate agent trying to sell a…[Read more]

]]> 4ac0a739f0411fa22c33e4e65ad61990 mickjohn replied to the topic What's the deal in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4396278-whats-the-deal/#post-4604237 Fri, 22 May 2009 00:04:17 +0000 I had a similar situation, however in qld a couple of months ago. Vendor was going to auction but the agent WOULD accept a finance & bldg/pest clause as long as the contract went unconditional before the contract date. I can understand that there is money involved with advertising an auction and why they would want the guarantee of going one way…[Read more]

]]> 399c51f14942a074e5bf62b8857f9bc6 mickjohn replied to the topic Aussie rob in the forum Help Needed! https://www.propertyinvesting.com/topic/4396218-aussie-rob/#post-4603925 Thu, 14 May 2009 11:54:28 +0000 Hey Shanes388,welcome to the forums. Just to confirm, you achieve returns of 30% per month? Forgive me but you may have done more damage than good with claims like that. I am very keen to be proven wrong though.CheersMick

]]> 9616d33aec79153368964d430a3e4c2e mickjohn replied to the topic Landlords Insurance - Any recommendations? in the forum Finance https://www.propertyinvesting.com/topic/4396183-landlords-insurance-any-recommendations/#post-4603709 Fri, 08 May 2009 07:34:33 +0000 I had Terri Scheer insurance recommended to me by a friend…..I changed from Allianz because I felt they had really poor after sales care. I tried to lodge a claim and kept getting bounced around departments until i gave up. Another time i wanted to clarify what coverage I had with them and they couldnt seem to answer me, i felt like i was…[Read more]

]]> 4f9bd18d8185e43c810079e527bfe7de mickjohn replied to the topic New Investors Needing help from a team.. in the forum Help Needed! https://www.propertyinvesting.com/topic/4396179-new-investors-needing-help-from-a-team/#post-4603682 Thu, 07 May 2009 09:40:22 +0000 Hey Mark,Im afraid my help is only limited, im not sure how you would go about finance for such deals in a trio(1 with a bad credit rating?) with regards to best structure for tax and business reasons….Sub-division and improvements to a lesser extent come down to local council zoning. This varies for all locations. Basically as a general rule of…[Read more]

]]> 87aa0649252bfda3692c03fbcf6d2ac6 mickjohn replied to the topic Property development syndicate in the forum Richard, Thanks for the https://www.propertyinvesting.com/topic/4396037-property-development-syndicate/#post-4602947 Fri, 24 Apr 2009 09:21:45 +0000 Richard,Thanks for the reply! really helpful. Just to confirm that I am understanding you correctly, Basically with a $75k deposit, possible finance would be around 300k for purchase of pre-built block of units and slightly less if getting finance for construction? all of which would be with smaller lenders? im guessing that on such an LVR no LMI…[Read more]

]]> d4af62b0f7c6cac14d28dce80fc76d6a mickjohn replied to the topic When to Buy? Will prices continue to fall in the near future? in the forum Help Needed! https://www.propertyinvesting.com/topic/4395959-when-to-buy-will-prices-continue-to-fall-in-the-near-future/#post-4602217 Sun, 12 Apr 2009 10:34:54 +0000 Cheers, i agree, I was trying to work off the assumption that it would get completely dropped(the FHOG) as has been suggested previously in this thread. The way i see it, 2 Scenarios Scenario 1. Reduced FHOG, lower property prices and lower interest rates will see more FHB return to the market….. either propping up prices or at the very…[Read more]

]]> bdca1c07f3261ef2c2c978496fbb1cb0 mickjohn replied to the topic When to Buy? Will prices continue to fall in the near future? in the forum Help Needed! https://www.propertyinvesting.com/topic/4395959-when-to-buy-will-prices-continue-to-fall-in-the-near-future/#post-4602215 Sun, 12 Apr 2009 07:23:13 +0000 Forgive my potential ignorance. At the lower end of the market: Less FHB = Drop in demand = Drop in pricesSo all the future first homebuyers will continue to rent, forcing demand up(and $$) in key locations for suitable properties.This in line with Lower interest rates(yes i realise its only temporary), while there may be capital losses, your…[Read more]

]]> 7382e329f47ae7b3569f81fbd917c513 mickjohn 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/18/#post-4524986 Mon, 06 Apr 2009 22:00:38 +0000 Had a WRX 3 years ago, insurance as a 21yo was over $3k/yr Sold it to help with deposit on first home. Downgraded to a an 89 Mitsubishi Galant. $2500Up graded more recently a 95 Mitsubishi FTO(import rice cooker) for 10k.Personally, Id prefer finance on property rather than finance on a vehicle…. For oh so many reasons. Sure I dont drive the…[Read more]

]]> d07215569d68516b57084115077bd751 mickjohn replied to the topic Young and stupid, but enthusiastic in the forum Can I make a few assumptions https://www.propertyinvesting.com/topic/4395793-young-and-stupid-but-enthusiastic/#post-4601371 Wed, 25 Mar 2009 07:51:43 +0000 Can I make a few assumptions and ask a few questions?Im guessing you have not claimed your FHOG? Do you intend to claim it on your first purchase? If so, this may increase your deposit but decrease your ability to service the loan(as opposed to a rented investment property).Do you have a full time job? salary?Where do you live? city? How much do…[Read more]

]]> 4b43c80e054db5c4175c375b9d997085 mickjohn replied to the topic Prices going up, wtf in the forum Help Needed! https://www.propertyinvesting.com/topic/4395788-prices-going-up-wtf/#post-4601349 Tue, 24 Mar 2009 11:41:22 +0000 Paullie wrote:
wtfNow its not even worth considering, as its negatively geared.

……… How the property market has changed in the past 12 months. From "Do Positively geared properties really exist?" to positively geared properties all around the country, I kinda feel for friends of mine that wont even slightly consider buying anything but a…[Read more]

]]> cec14c3b660ffb3e8f22ed255bed94e1 mickjohn replied to the topic Interest only repayments in the forum Sam,Thumbs up for enthusiasm https://www.propertyinvesting.com/topic/4395339-interest-only-repayments/#post-4598910 Thu, 05 Feb 2009 09:25:10 +0000 Sam,Thumbs up for enthusiasm and im no expert in this field……..However, with such an investment, I believe that for finance reasons the property will be regarded as a Commercial Property and as such you would require a larger deposit to satisfy the lending criteria. I may be wrong about this though. If I am wrong, you will be up for Lenders…[Read more]

]]> b12c3a578b630f4a704865bc8daf77ac mickjohn replied to the topic Apartment vs Houses in the forum Help Needed! https://www.propertyinvesting.com/topic/4395168-apartment-vs-houses/#post-4597884 Fri, 16 Jan 2009 23:44:42 +0000 hey,its a pretty broad question which is affected by a lot of variables…. e.g specific local area? a unit in inner city brisbane is going to perform differently to a unit in coffs harbour etc. etc.Historically i have found that higher returns(rent) come from units, but bear in mind costs associated with units…. body corporate etc.Houses,…[Read more]

]]> 8a939edb36ecfc85297f2f47fc07f4c1 mickjohn replied to the topic buying first property in the forum Help Needed! https://www.propertyinvesting.com/topic/4395159-buying-first-property-2/#post-4597855 Fri, 16 Jan 2009 23:30:26 +0000 soro,Im 25 and have bought and sold a couple of houses, mostly investment.If you need someone to ask a few things, feel free to contact me via this forum.for the record, im not a mortgage broker or real estate agent or in a position to benefit financially from assisting you.cant guarantee ill have all the answers, but i will have some.Mick

]]> a569d19d4412ddd177a30f3b2a23d8f0 mickjohn replied to the topic Landlords Insurance in the forum Help Needed! https://www.propertyinvesting.com/topic/4394893-landlords-insurance-13/#post-4596491 Mon, 12 Jan 2009 13:29:12 +0000 I have tried a couple, Allianz, Comminsure and finally Terri Scheer insurance.I had a couple of issues with Allianz(even though im yet to claim anything) Their after sales service was pretty terrible.When ringing to upgrade my coverage with Allianz, they couldnt even tell me what I would be covered for, transferred me a couple of times and then…[Read more]

]]> f571215a455badfcf1825ae457658b79 mickjohn replied to the topic Borrowing against the market value of a property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4395106-borrowing-against-the-market-value-of-a-property/#post-4597654 Sun, 11 Jan 2009 07:18:01 +0000 Thanks for all the comments, its been really helpful!Terry, just to clarify so I understand it better…… In simple terms when you say "maybe you could pay $120,000 with a $30k rebate for work not completed – eg a promise of a pool to be constructed before settlement. You are not deceiving a bank as there is not bank involved at this stage."do…[Read more]

]]> 101226a91d4d42624c0a0049f7409c1f mickjohn replied to the topic Do I give up? in the forum Help Needed! https://www.propertyinvesting.com/topic/4393686-do-i-give-up/#post-4590047 Tue, 08 Jul 2008 04:05:34 +0000 For what its worth……It is possible to get into property at a young age. I did(24 now).Sure! I was eating noodles for a little bit there, and things werent overly comfortable. I had to sell my WRX and downgrade to a 1989 soccermums car. But i got there.Affordability is an issue, there is no denying it. But I have the following advice.Matt007,…[Read more]

]]> 9842635ae43820719a6388ff0f857ebc mickjohn replied to the topic Best advice PART 2 : if you REALLY want to invest, then DO NOT BUY in the suburbs in the forum Help Needed! https://www.propertyinvesting.com/topic/4393612-best-advice-part-2-if-you-really-want-to-invest-then-do-not-buy-in-the-suburbs/#post-4589602 Sun, 29 Jun 2008 11:18:07 +0000 I have read from several resources in regards to this topic of Peak oil, and while i dont debate that there will be ramifications I wonder if they will be quite this extreme. That is just a personal observation.I do have an agenda though for this post, given that you guys are obviously quite concerened about the current and future state of…[Read more]

]]> c63a4e586dc85b5947b13a755dce48a4 mickjohn replied to the topic URGENT help needed re: rent increase in the forum Help Needed! https://www.propertyinvesting.com/topic/4393579-urgent-help-needed-re-rent-increase/#post-4589479 Tue, 24 Jun 2008 07:43:34 +0000 I just had a quick look at realestate.com.au……………………….and only knowing a fraction of the details of your current house it would appear that he is asking a little much.A search for rental properties yielded just 11 results in Woodvale. 10 of which were for $500/week or less.Of these results 8 were 4 bed/2bath houses. (2 of these w…[Read more]

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