PropertyInvesting.com | Mikko | Activity https://www.propertyinvesting.com/members/mikko/activity/ Activity feed for Mikko. Fri, 17 Apr 2026 19:06:51 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 6abd10ed75071e2535239f31185969e4 Mikko started the topic Can funds in a trust be used as equity? in the forum Creative Investing https://www.propertyinvesting.com/topic/5006793-can-funds-in-a-trust-be-used-as-equity/ Fri, 01 May 2015 04:33:03 +0000 Hi guys,

I’m about to set up 2 managed funds accounts for my daughters. If I set them up in a trust structure, can the funds in there still be borrowed against for future investment properties?

Thanks,

Mikko.

]]> ccb50d556d7b453756597974b2823957 Mikko started the topic Just honest opinions wanted.... in the forum Help Needed! https://www.propertyinvesting.com/topic/5006792-just-honest-opinions-wanted/ Fri, 01 May 2015 04:29:20 +0000 Hi,

I am after some honest opinions. I am looking at a house about 12kms out of a capital city CBD, it is zoned for low to medium density residential, and is about 250m away from local shops and bustops. It’s price is right about the median price for the suburb. However, I am also looking at another house which is less than 10kms away from the…[Read more]

]]> 857df0b18860ebb276e9982768ad5213 Mikko started the topic Buying with the hopes of redeveloping in the future in the forum Help Needed! https://www.propertyinvesting.com/topic/5006260-buying-with-the-hopes-of-redeveloping-in-the-future/ Sun, 19 Apr 2015 13:10:09 +0000 Hi guys,

I’m looking at buying a property in the Brisbane suburbs which has the potential for redevelopment down the track. When comparing zoning maps to what is for sale, it is clear that there is a mark up on properties that fall within the higher density areas (of course). I would like some opinions as to whether it may be better to buy as…[Read more]

]]> f1a6b00f1827e4ad0d8504fc80c1d9d6 Mikko replied to the topic Looking for a Reno project to buy in SE Qld in the forum Help Needed! https://www.propertyinvesting.com/topic/4999421-looking-for-a-reno-project-to-buy-in-se-qld/#post-5000130 Mon, 09 Feb 2015 04:33:11 +0000 Thanks for the responses guys. Richard I will send you an email. Kinnon, as I mentioned in an earlier message on this thread, I was initially with Rams, then it became RHG, then it became Anchorage, then it became Pepper. I have never held any equity in the property as I bought at the peak before the GFC, and have therefore found it difficult to…[Read more]

]]> d7031e58ec99c6d8485027fea65745a5 Mikko replied to the topic Looking for a Reno project to buy in SE Qld in the forum Help Needed! https://www.propertyinvesting.com/topic/4999421-looking-for-a-reno-project-to-buy-in-se-qld/#post-5000090 Sun, 08 Feb 2015 11:29:34 +0000 Thanks.
I spoke to Pepper Home Loans and they said they would drop my rate from 6.21% to 6.09%. As I’ve got zero equity in the property, I have to take it on the chin I guess, until I have the leverage to change banks.

]]> a5c293ffbded2d810f79dd02be0a80ec Mikko started the topic Property in SE Qld in the forum Help Needed! https://www.propertyinvesting.com/topic/5000047-property-in-se-qld/ Fri, 06 Feb 2015 19:52:37 +0000 Hi guys,

I’m just after different opinions on which suburbs around Brisbane are primed for some good capital growth in the foreseeable future? I’m interested in investing in a property with renovation potential, preferably on the Southside or further toward the Gold Coast. Thanks in advance.

Mikko.

]]> a6e1cc8e93b1f316947cee76619a7c3b Mikko replied to the topic Looking for a Reno project to buy in SE Qld in the forum Help Needed! https://www.propertyinvesting.com/topic/4999421-looking-for-a-reno-project-to-buy-in-se-qld/#post-4999506 Thu, 22 Jan 2015 18:32:31 +0000 Thanks for taking the time to read and reply Richard. The bank is ‘Pepper Home Loans’ which was previously ‘Anchorage’ which was previously ‘RHG’ which was previously ‘Rams’. That alone just spells shonky to me.
I will give them another call and demand that they investigate a refinancing situation for me.
Do you recommend any good buyers agents,…[Read more]

]]> b95a1a2f9aac36df7dfe45145b3390cb Mikko started the topic Looking for a Reno project to buy in SE Qld in the forum Help Needed! https://www.propertyinvesting.com/topic/4999421-looking-for-a-reno-project-to-buy-in-se-qld/ Mon, 19 Jan 2015 20:08:20 +0000 Hi everyone,

Here is out current situation:

My wife and I live in a rental on the Gold Coast, paying $450/week. We have an investment unit also on the coast, with monthly repayments of $1200, and monthly income of $1100. We bought the unit in 2007 for $270,000, and it is now currently worth around $230,000. We owe $236,000. We are stuck with a…[Read more]

]]> 1466796756b94db48ad47f34bcd4a923 Mikko replied to the topic Setting up a SMSF - a wise move? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410797-setting-up-a-smsf-a-wise-move/#post-4699820 Sun, 09 Mar 2014 10:40:14 +0000 Thanks for your responses guys. I will take it all on board.

Whilst I have your attention, and off the topic of property investing, I was wondering if anyone had experience with investment bonds? I am saving for my 2 children, and currently have just over a $1k each in Bankwest  Bonus Saver accounts for them. But I'm now considering moving the…[Read more]

]]> 82fef57edde4caaa8c421db4edba9a72 Mikko replied to the topic Free evaluation in the forum Help Needed! https://www.propertyinvesting.com/topic/4409938-free-evaluation/#post-4694334 Sun, 01 Sep 2013 20:15:09 +0000 Because I bought on the Gold Coast in 2007, before the bottom fell out of the market. I pretty much either still owe what the unit is worth, or owe more than it is worth. I don't think other lenders would be keen to take that on. 

What do you recommend?

]]> d80df465fcb48f988635bba5bab6990f Mikko replied to the topic Free evaluation in the forum Help Needed! https://www.propertyinvesting.com/topic/4409938-free-evaluation/#post-4694331 Sun, 01 Sep 2013 06:40:39 +0000 The lender is Anchorage Home Loans. 

Mikko. 

]]> f3a8819d238a95ed6beeeb9528b58584 Mikko replied to the topic Free evaluation in the forum Help Needed! https://www.propertyinvesting.com/topic/4409938-free-evaluation/#post-4694328 Sun, 01 Sep 2013 02:55:39 +0000 Yes it is for borrowing purposes. If I use my existing lender though, and I'm found to have negative equity, can't they by rights ask me to cough up more money to cover the shortfall?

Mikko. 

]]> dd3d807cd35cbbc6f06d2f2c7bd6c6dc Mikko replied to the topic What pre-requisites are needed to obtain a builder's license? in the forum Great. Thanks for your help https://www.propertyinvesting.com/topic/4409444-what-pre-requisites-are-needed-to-obtain-a-builders-license/#post-4691420 Thu, 30 May 2013 03:53:57 +0000 Great. Thanks for your help guys!

Mikko.

]]> e62fbaca51865c5c9e6248e8d8d3eabb Mikko replied to the topic In need of a mortgage broker in the forum Help Needed! https://www.propertyinvesting.com/topic/4408713-in-need-of-a-mortgage-broker/#post-4686413 Mon, 11 Feb 2013 11:25:34 +0000 I went with RAMS in 2007, who then became RHG, who then became Anchorage!! I want out!!!!!

]]> f551cb0bf0fb37a9c22f8f545887f203 Mikko replied to the topic Newbie needs to know where to go from here....... in the forum Help Needed! https://www.propertyinvesting.com/topic/4408498-newbie-needs-to-know-where-to-go-from-here/#post-4684392 Fri, 01 Feb 2013 11:39:51 +0000 Just another thing, I salary sacrifice $120 into Super every week. Would you guys recommend continuing to do so? Or would it be more beneficial to me to save and invest the money elsewhere?

]]> 145c7c24a9e4e900642d79a95ca992ee Mikko replied to the topic Newbie needs to know where to go from here....... in the forum Help Needed! https://www.propertyinvesting.com/topic/4408498-newbie-needs-to-know-where-to-go-from-here/#post-4684388 Sun, 20 Jan 2013 13:27:23 +0000 It's not the solution I was hoping for, as I was wanting to get into the investing game as soon as possible. But I think it is the sensible way.

]]> a20e862b459ef595a5a7805cc3579d3d Mikko replied to the topic Newbie needs to know where to go from here....... in the forum Help Needed! https://www.propertyinvesting.com/topic/4408498-newbie-needs-to-know-where-to-go-from-here/#post-4684387 Sun, 20 Jan 2013 13:21:10 +0000 Fair points JacM. I've taken it all on board. I'm thinking that eliminating all of the credit cards and personal loan first should be the way to go. 

Thanks,

Mikko.

]]> 2339fc6d3c21f0646672cb1896c64b57 Mikko replied to the topic Newbie needs to know where to go from here....... in the forum Help Needed! https://www.propertyinvesting.com/topic/4408498-newbie-needs-to-know-where-to-go-from-here/#post-4684383 Sun, 20 Jan 2013 08:58:04 +0000 Well, considering that our initial credit card debt was a staggering $32K, I think we are well on our way to recovery.

Terryw – I will definitely give that a try. I think it might be a bit tricky to pull off on my current income however.

Taxdiva – You don't see the Gold Coast beginning to recover anytime soon?

Shahin – I have been advised…[Read more]

]]> 16028a5a86a5c5c59be0e197e8d93865 Mikko replied to the topic Newbie needs to know where to go from here....... in the forum Help Needed! https://www.propertyinvesting.com/topic/4408498-newbie-needs-to-know-where-to-go-from-here/#post-4684379 Sat, 19 Jan 2013 20:33:20 +0000 Thanks for the responses guys!

Terryw – One of the credit cards is 2.9% for life (assuming I don't make any transactions), the other is 3.9% until October. 
Offer to pay 50% of the credit card in one hit, and the banks may wipe the rest? Is that possible?

Wakebrownb – Yes I agree, it makes sense to pay off the higher interest rate first, so that…[Read more]

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