PropertyInvesting.com | mike.12 | Activity https://www.propertyinvesting.com/members/mike.12/activity/ Activity feed for mike.12. Sat, 11 Apr 2026 23:56:14 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 59f46d093b5f090f70c846571f5b23c2 mike.12 replied to the topic Accountant needed in NSW in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406364-accountant-needed-in-nsw/#post-4667885 Wed, 25 Apr 2012 11:47:32 +0000 Hi Patcon,yes I have an accountant,who has experience  in property inves and member of Charted acc.send me a private email and i will forward details to you.mike

]]> cc6bf7e55fe3a5498bd71a07c83b319c mike.12 replied to the topic Wagga Wagga in the forum Help Needed! https://www.propertyinvesting.com/topic/4406218-wagga-wagga-3/#post-4666569 Sun, 01 Apr 2012 09:58:04 +0000 I have an IP in wagga wagga – In Glendfield Park.No floods in that are.try there for your IP.if you wish.

]]> 53dfc0467940c3a2311d0f881bb945a5 mike.12 replied to the topic Defence personnel as tenant in the forum Help Needed! https://www.propertyinvesting.com/topic/4406084-defence-personnel-as-tenant/#post-4665467 Fri, 16 Mar 2012 19:52:24 +0000 Thanks guys for info.

]]> ea45eda3ba8f46dbdb96ed8c99e205b2 mike.12 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/#post-4664429 Sat, 03 Mar 2012 04:32:07 +0000 Thanks for the Info Richard.mike

]]> 8e333469a67ae55d713ad0b79cfbd063 mike.12 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/#post-4664427 Sat, 03 Mar 2012 00:32:18 +0000 Hi sam,never heard of  instalment contract..Richard can you ple explain and what sort of structure should you have. 

]]> 310569371ecc49597fbe4641a6788dad mike.12 replied to the topic Loan Structure for Construction loans in the forum Help Needed! https://www.propertyinvesting.com/topic/4406004-loan-structure-for-construction-loans/#post-4664864 Sat, 03 Mar 2012 00:16:50 +0000 Hi Nick,Check with NAB,getting 6.51% with 3 IP. Agree with Jamie,just call  and indicate you are leaving .You might get a better deal.cheersMike.

]]> 4abf84a93534a458752b1f657f2104ce mike.12 replied to the topic using LOC to make repayments in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4405474-using-loc-to-make-repayments/#post-4660995 Tue, 27 Dec 2011 22:10:46 +0000 Mayuran,I have already set it up and it works fine.Spoke to accountant,and like Terry has said that LOC should be only used for investment.As soon as you mix it for your personnal use then ATO will question you.you can send me an e-mail  and can foward you the structure which I have set up.Mike

]]> b54e1434d00980dfe1219c5e9b6797ba mike.12 replied to the topic Rental in Wagga Wagga in the forum Help Needed! https://www.propertyinvesting.com/topic/4403233-rental-in-wagga-wagga/#post-4644776 Fri, 01 Apr 2011 11:40:34 +0000 Yes ,I have looked at other rental property in that area its around $360 to $380 wk,perhaps I will have to drop the rent to $370.Thanks Guys for your views.It is indeed very encouraging to see that you are out there to help people with your advice.Once again thank you.Mike

]]> 70dd864638440e8b29d3dfe358aee1db mike.12 replied to the topic Rental in Wagga Wagga in the forum Help Needed! https://www.propertyinvesting.com/topic/4403233-rental-in-wagga-wagga/#post-4644774 Fri, 01 Apr 2011 09:30:25 +0000 Thanks guys for your comments.I will try to get other agents view.Can you sign with another agent straight away as in my agents aggrement says i have to give them 2 months notice when i want to leave them.In between can i engage another agent.PLS your views.thanksmike.

]]> b321b566b3cd2795bec0ac6a52c5ff33 mike.12 replied to the topic Line of credit in the forum Thanks Terry. https://www.propertyinvesting.com/topic/4402899-line-of-credit-19/#post-4642763 Sat, 26 Feb 2011 10:07:34 +0000 Thanks Terry.

]]> 3802a03ac3a1359bdf7a9613c9ab3e5a mike.12 replied to the topic Line of credit in the forum Finance https://www.propertyinvesting.com/topic/4402899-line-of-credit-19/#post-4642761 Sat, 26 Feb 2011 09:36:41 +0000 So,the way it is structured,do  I still have to ask for a ruling from ATO.Can you provide me some links pls.Mike.12

]]> b01d40fb8e63ebdebad3acde7233d277 mike.12 replied to the topic Line of credit in the forum Finance https://www.propertyinvesting.com/topic/4402899-line-of-credit-19/#post-4642759 Sat, 26 Feb 2011 09:23:20 +0000 Perhaps,The info I gave is not very clear.The setup is like thisThe saving acc is only linked to my principle home loan.As this is not Tax detecable.As for line of credit is set with the IP loan.For interest to be payed on IP,it will be take from the Portfolio acc ( a Limit is set on this),which will captialized.This is kept seperate for taxable…[Read more]

]]> 9bf0180259f8ceaed190714850021d58 mike.12 replied to the topic Who pays water service? in the forum Help Needed! https://www.propertyinvesting.com/topic/4402592-who-pays-water-service/#post-4640570 Fri, 28 Jan 2011 22:22:40 +0000 Thanks Scott

]]> d501c8078b4eed7b98ce56d7e1c0ab1c mike.12 replied to the topic Who pays water service? in the forum Help Needed! https://www.propertyinvesting.com/topic/4402592-who-pays-water-service/#post-4640568 Fri, 28 Jan 2011 15:35:54 +0000 Is there a set amount of liters used before you charge the excess water used.

]]> 6beb3138b63b31645da21d236ab02ab6 mike.12 replied to the topic Investment Properties in the forum General Property https://www.propertyinvesting.com/topic/4402111-investment-properties-3/#post-4637618 Fri, 21 Jan 2011 23:20:47 +0000  Karlm & mates,I have a offset acc with PROR and 1 IP,I am in a process of buying 2nd IP,and MBrooker suggested that you can  have both set up together ,off set and line of credit.Only difference is ,the salary,dividents, will go into offset acc.The rent will be detected in each IP,and any short fall in payment (taking into account IP is neg gea…[Read more]

]]> 1d6a6fb5b964d977e9622df2ace64c56 mike.12 replied to the topic Visit to Wagga Wagga - My Property Investing Report in the forum General Property https://www.propertyinvesting.com/topic/4402355-visit-to-wagga-wagga-my-property-investing-report/#post-4639105 Thu, 06 Jan 2011 07:05:24 +0000 ajay,I dont know that area,but I bought a property in glenfield park,and it is in mima st ,good area, positive cash flow.

]]> f12544e7373686d7b9b145123ee80443 mike.12 replied to the topic Gladstone Qld Buyers Agent in the forum Help Needed! https://www.propertyinvesting.com/topic/4402053-gladstone-qld-buyers-agent/#post-4637301 Fri, 03 Dec 2010 10:09:19 +0000 Thanks for the information,what about in calliope ,there is town house for sale,what sort of rent you will get and the strata levi,any one bought this,

]]> fc6cedfd53cc3d1990f01306681938ee mike.12 replied to the topic Gladstone Qld Buyers Agent in the forum Help Needed! https://www.propertyinvesting.com/topic/4402053-gladstone-qld-buyers-agent/#post-4637296 Fri, 03 Dec 2010 05:47:44 +0000 Hi jule,did you speak to the buyers agent Tony.any feed back to that pls.

]]> fc822df0e470bbedb0b902bc8d1e4fe3 mike.12 replied to the topic Gladstone Qld Buyers Agent in the forum Help Needed! https://www.propertyinvesting.com/topic/4402053-gladstone-qld-buyers-agent/#post-4637295 Fri, 03 Dec 2010 05:43:59 +0000 Hi ,interesting to read about Gladstone etc.I wanted to do investment,I am not sure, how about gracemere,is it good to buy land and home package.I found home and land,land 669msq and house 197msq, 4bed,2,2 for $364K.Its not build yet but will after I sing the contract.Its in Lucas street,gracemere.Any thoughts on this please.what about rental vacancy.

]]> ff86459e16b3396cc3099823e798012c mike.12 replied to the topic Struggling to find a property manager in the forum Help Needed! https://www.propertyinvesting.com/topic/4402068-struggling-to-find-a-property-manager/#post-4637364 Thu, 02 Dec 2010 06:48:17 +0000 Hi ,I think pretti real estate,in fairfield.I used to be their tenant, mind you they were carried out detail inspection.i do agree son of them are not that good.hope this helps.

]]> acd1aed1d7e4290e57ad23fbf861849b mike.12 replied to the topic For those interested in Mackay in the forum General Property https://www.propertyinvesting.com/topic/4401946-for-those-interested-in-mackay/#post-4636635 Tue, 30 Nov 2010 10:27:38 +0000 steve-invest wrote:
I have a colleague who does the same thing for people state wide QLD, he negotiates on your behalf and gets discounted prices on a property purchase, I have used his services for the last 2 properties I bought. Shoot me an email if you want his details.

I would like to know more about this, as I would like to invest in…[Read more]

]]> cdda22f6c3630fe5fbed1947feb054da mike.12 replied to the topic Why not Meblourne in the forum General Property https://www.propertyinvesting.com/topic/4401910-why-not-meblourne/#post-4636343 Sat, 20 Nov 2010 19:33:16 +0000 thankf for the info,mate

]]> 10984c1ed9a9f29ff657f30355eeab68 mike.12 replied to the topic Why not Meblourne in the forum General Property https://www.propertyinvesting.com/topic/4401910-why-not-meblourne/#post-4636337 Wed, 17 Nov 2010 09:32:03 +0000 Thanks mate.

]]> 9b45ebd9147a2b1d1f945f4b733e1fee mike.12 replied to the topic Why not Meblourne in the forum how about land and home https://www.propertyinvesting.com/topic/4401910-why-not-meblourne/#post-4636334 Wed, 17 Nov 2010 08:42:20 +0000 how about land and home package at cranbroune south east,is it not a good are for IP.Has any one done research on it.Please let me hear youe views.

]]> d673f44ee0e93b01f41a3a7a899dba08 mike.12 replied to the topic Buying agent fee in the forum Help Needed! https://www.propertyinvesting.com/topic/4401879-buying-agent-fee/#post-4636149 Wed, 17 Nov 2010 05:57:33 +0000 Hi Janemmatthews,Yes can you please foward that cheat sheet.thanks

]]> 5a09bdbe3f941182afdb088214c10de6 mike.12 replied to the topic Buying agent fee in the forum Help Needed! https://www.propertyinvesting.com/topic/4401879-buying-agent-fee/#post-4636145 Sun, 14 Nov 2010 23:43:58 +0000 Thanks Catalyst,That means that If I am buying property for investment,then it is tax detectable.Is this correct.

]]> 784883bc5b626ad1ce1b95fce8fb7388 mike.12 replied to the topic Buying 2nd property question in the forum Help Needed! https://www.propertyinvesting.com/topic/4401866-buying-2nd-property-question/#post-4636063 Sun, 14 Nov 2010 10:03:59 +0000 As long as you have no other loan or credit.I can see that the bank can give you loan on the equity.The question is how much would you borrow for the second property.and whether you will be able to service the loan .I would suggent that you should take to other banks and see what they say.Mike.12

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