PropertyInvesting.com | mikeej | Activity https://www.propertyinvesting.com/members/mikeej/activity/ Activity feed for mikeej. Mon, 13 Apr 2026 13:08:32 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 9f661d7bbf687a15b5b8b3a41c7c1bea mikeej replied to the topic what happens when selling for loss in the forum No Subject https://www.propertyinvesting.com/topic/4375197-what-happens-when-selling-for-loss/#post-4484313 Wed, 28 Jul 2004 08:38:30 +0000 Na I don’t want to muck around. Basically the bank won’t let me do what I wanted to do so I just want to get rid of it and move on. I just need to find out all the ins and outs of what I’m going to lose, what I can claim etc etc.

work sux!

]]> cbf644c64a035846d7e075bdc6674115 mikeej replied to the topic BRAINSTORMING. Something New, What Would You Do? in the forum General Property https://www.propertyinvesting.com/topic/4372755-brainstorming-something-new-what-would-you-do/#post-4466714 Sun, 11 Apr 2004 00:26:48 +0000 I have a method, I call it Mikes golden theory.[biggrin] I can’t reveal it though, it’s a secret. Iv’e told a few people, but the rest of you will have to guess!

This should be a smart sounding comment but it isn’t!

]]> 4361fadc908fc180648014a5388003dc mikeej replied to the topic Revaluing your property in the forum General Property https://www.propertyinvesting.com/topic/4372566-revaluing-your-property/#post-4465356 Sun, 04 Apr 2004 01:06:11 +0000 If you have equity available can you use it or do you have to still satisfy the bank as far as servisability.

This should be a smart sounding comment but it isn’t!

]]> 62b6cee86c4dc3177a8c5b2ddfe7af3b mikeej replied to the topic Robert Kiyosaki tour in the forum General Property https://www.propertyinvesting.com/topic/4372552-robert-kiyosaki-tour/#post-4465291 Sun, 04 Apr 2004 01:00:50 +0000 Man that guy rocks! Get front row and some sweat might land on you. Hopefully he plays all the classic hits such as Rich Dad Poor Dad and Cashflow Quadrant! Get your T-shirts at the merchandise stand.

This should be a smart sounding comment but it isn’t!

]]> ba697339d38f1464a31831cd1a3234a8 mikeej replied to the topic south australia and deposits in the forum General Property https://www.propertyinvesting.com/topic/4371594-south-australia-and-deposits/#post-4457287 Sun, 29 Feb 2004 01:17:28 +0000 I bought an IP in Adelaide 2 months ago. I put down a deposit of $5000. The place cost me $215000. You can put down whatever you like as a deposit.

This should be a smart sounding comment but it isn’t!

]]> 402d977ade115e1f7186510700db7918 mikeej replied to the topic changing Email adress in the forum No Subject https://www.propertyinvesting.com/topic/4370480-changing-email-adress/#post-4448272 Tue, 03 Feb 2004 09:21:02 +0000 Could you please fix this problem. I never get the monthly newsletter cause my email has changed

]]> 7b454e3d0fe655ab0f3200e9afc55fab mikeej replied to the topic Q 4 sis in the forum General Property https://www.propertyinvesting.com/topic/4370809-q-4-sis/page/6/#post-4451138 Sat, 31 Jan 2004 04:31:29 +0000 Originally posted by richmond:
SIS

For what it’s worth, I think a mountain is being made out of a molehill in this thread, but for all your achievements in buying 13 houses at the age of 21, it would be good to set the theory aside and gain some practical insight into how you’ve done it. You’ve said elsewhere in terms of gaining instant equity,…[Read more]

]]> 1b66e57c6c35edcbb4d1fd7b39567feb mikeej replied to the topic changing Email adress in the forum Site Problems / Feedback https://www.propertyinvesting.com/topic/4370480-changing-email-adress/#post-4448271 Sat, 17 Jan 2004 12:50:48 +0000 [V] Still no go. It sais the page cannot be found when I click on the link.

]]> 981d042aa1a08bd4be223e0d5601e01f mikeej replied to the topic Adelaide Properties in the forum No Subject https://www.propertyinvesting.com/topic/4369867-adelaide-properties/#post-4443318 Sun, 07 Dec 2003 02:00:06 +0000 I wouldn’t say theres an oversupply as the turnover is very quick. A lot of places are contracted after the first open. I’ve just bought my first IP after weeks of searching. Veiwed the place on a sunday then went to the RE lunchtime monday to submit an offer and it was already contracted!. Got a call few days later that the buyer couldn’t get…[Read more]

]]> bb68ac81b7a6d5db371a3553019b2958 mikeej replied to the topic Australian Income Tax Rates, your opinion? in the forum General Property https://www.propertyinvesting.com/topic/4369304-australian-income-tax-rates-your-opinion/#post-4438687 Tue, 18 Nov 2003 09:32:37 +0000

quote:A person who earns say $80,000 a year still gets the first 6000 tax free, the next 15600 at 17%, etc etc, so it is fair on everyone.


Is that right? I thought you payed the percentage bracket your in on the whole amount.

]]> d429902d18b9be3d7aeb67fbe1fa4d00 mikeej replied to the topic IP in my name or mine + partners? in the forum General Property https://www.propertyinvesting.com/topic/4369454-ip-in-my-name-or-mine-partners/#post-4439897 Tue, 18 Nov 2003 09:16:02 +0000 Do I have to put her name on when I buy it or can I add it later if I want to?

]]> cb9f8d715d62c42b5a06a1c32fa14e54 mikeej replied to the topic capital gains tax in the forum General Property https://www.propertyinvesting.com/topic/4369361-capital-gains-tax-8/#post-4439246 Fri, 14 Nov 2003 08:53:17 +0000 This question is slightly off the topic but,
If I subdivide a large block and build two houses, can I put all of the proceeds from selling one into paying off the initial cost of buying the land and building the houses, without paying any kind of tax. I am assuming there will still be some of the loan principle left, so I haven’t actually made a…[Read more]

]]> 8da741436cb957c75a4b06fcd0b08c58 mikeej replied to the topic Danny & Paul Hanna Workshop in the forum General Property https://www.propertyinvesting.com/topic/4369097-danny-paul-hanna-workshop/#post-4437074 Wed, 29 Oct 2003 05:26:39 +0000 Would you mind telling us what you learned. How do you turn
$7900 into $225000 in 3 months, how do you own a $230000 investment property in one year?

]]> bd124df2d343488e7b0f68e75260c635 mikeej replied to the topic Property investing success secrets? in the forum General Property https://www.propertyinvesting.com/topic/4369015-property-investing-success-secrets/#post-4436381 Tue, 28 Oct 2003 11:18:14 +0000 I saw an ad in API for a seminar on getting rich property developing (p23). If anyone went or is going could they reveal the secrets?
How to turn $7900 into $225000 in 3 months, how to own a $230000 investment property with zero debt in one year and the creative property strategies they talk about.

]]> 639b8da7986c29d27618a8e588bfa888 mikeej replied to the topic [moved] Property development question in the forum Value Adding https://www.propertyinvesting.com/topic/4368942-moved-property-development-question/#post-4435710 Wed, 22 Oct 2003 11:57:00 +0000 Are there any lenders or loan products where you can borrow to build and not start making repayments for a period of say 6 months to allow time for the construction?

]]> 3a47a741bfbdffd5b30489fb361255e0 mikeej replied to the topic Subdivision - any advice ?? in the forum General Property https://www.propertyinvesting.com/topic/4368895-subdivision-any-advice/#post-4435009 Tue, 21 Oct 2003 12:13:05 +0000 If you build 2 homes that are joined, a duplex, do you still have to subdivide the block?

]]> 621a7b857e3e0dd9e5e55fc834ef916a mikeej replied to the topic Genius or Dreamer? Your thoughts..... in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4368045-genius-or-dreamer-your-thoughts/#post-4429371 Sun, 21 Sep 2003 12:15:55 +0000 [:D]The answer to the question is [:O] 99%of what u read on the internet is BS.[:O]

]]> 0f42568f0111e087475ca0cb25f7b032 mikeej replied to the topic Equity with homestart loan? in the forum No Subject https://www.propertyinvesting.com/topic/4367621-equity-with-homestart-loan/#post-4427159 Mon, 08 Sep 2003 07:46:30 +0000 What I would do is combine the $40,000 with the IP loan but I’m still not shure whether there is some ruling in the homestart contract that I cant use the equity.

]]> e7ba9d5d77c25d95829f5947ee2b3345 mikeej replied to the topic Equity with homestart loan? in the forum No Subject https://www.propertyinvesting.com/topic/4367621-equity-with-homestart-loan/#post-4427157 Mon, 08 Sep 2003 07:17:40 +0000 Property is worth about $160,000
Owe about $40,000
Interest rate is 6.72%

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