PropertyInvesting.com | milen007 | Activity https://www.propertyinvesting.com/members/milen007/activity/ Activity feed for milen007. Sun, 12 Apr 2026 16:50:54 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 4cf269d8fec3b8ef1c6001a3de8171f7 milen007 replied to the topic melbourne solicitor in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369049-melbourne-solicitor/#post-4436756 Tue, 28 Oct 2003 08:23:32 +0000 thanks heaps Paule

this really help me

]]> 45e713a7386b9f6876d988d03b56df2d milen007 replied to the topic lucrative financital solutions pty ltd in the forum General Property https://www.propertyinvesting.com/topic/4369056-lucrative-financital-solutions-pty-ltd/#post-4436829 Tue, 28 Oct 2003 08:15:37 +0000 http://www.lfs.net.au/ but still under construction. hehe
their abn 80093578253 im not sure if this help
anyone heard of their service? sort of financial advisor but for property portfolio

]]> 0f5035bc9cdb73c7684922e6b10ba3a6 milen007 replied to the topic Ways to get away with your offers when ... in the forum General Property https://www.propertyinvesting.com/topic/4369050-ways-to-get-away-with-your-offers-when/#post-4436761 Tue, 28 Oct 2003 07:47:50 +0000 thanks for all the inputs, i do not suggesting it, i just need opinion on this as i read it on books.

shanebal, what the reason you think the vendor wont accept the clause?

if they already sign the contract then we cant get out from it. how bout if they have not sign and accept the contract. can we get away from it?

again, i am not suggestting…[Read more]

]]> 2ed0f92164bc3ab4d4daf28d453f8e85 milen007 replied to the topic Ways to get away with your offers when ... in the forum General Property https://www.propertyinvesting.com/topic/4369050-ways-to-get-away-with-your-offers-when/#post-4436758 Mon, 27 Oct 2003 14:02:41 +0000 yeah i do read from the books and just wondering if there is a sensible way to protect yourself. while you might be able to offer the buyer to be able to terminate your offer in 7 days if there is better offer. how bout that?

]]> 559fa8c6d0f5a479b72a51d19b82e752 milen007 replied to the topic Found cashflow +ve in the forum General Property https://www.propertyinvesting.com/topic/4369004-found-cashflow-ve/#post-4436268 Sun, 26 Oct 2003 14:56:58 +0000 still_in_school, To charge the sourcing fees, do you go and put some deposits in to hold on to the property?

as i found few and if you could source them out, we can negotiate deals

regards,
Erwin
milen007@ersolution.com

]]> 2b9421badb498117716c2d5b81c8a204 milen007 replied to the topic Place comments about my spreadsheet here in the forum General Property https://www.propertyinvesting.com/topic/4369026-place-comments-about-my-spreadsheet-here/#post-4436440 Sun, 26 Oct 2003 13:54:58 +0000 i would like to try it out too
milen007@ersolution.com
thanks

]]> 1f724dc9595fb893894f6000c25d554a milen007 replied to the topic interest impact on property price in the forum General Property https://www.propertyinvesting.com/topic/4369016-interest-impact-on-property-price/#post-4436383 Sun, 26 Oct 2003 02:38:33 +0000 thanks mel i got the idea. so people suggested that the property price may fall or remain as the interest rate are predicted to fall since AUD is so strong that may caused inflation?

so how we find the property thats going to default? contact the lending institute?

]]> 1a4d61c810145ec8b6f7d92146b1178c milen007 replied to the topic Buying a property in the next 30 days. in the forum General Property https://www.propertyinvesting.com/topic/4368983-buying-a-property-in-the-next-30-days/#post-4436088 Sat, 25 Oct 2003 16:04:57 +0000 im not expert in this areas, but i think that as long as location, location, location criterias are met. there is no right time to buy the property. correct me on this pls. im new but thats why i think

]]> 174f0ea0dcd3733fd1b20935c5fc809c milen007 replied to the topic Cashflow game purchase in the forum Hotch Potch https://www.propertyinvesting.com/topic/4368991-cashflow-game-purchase/#post-4436155 Fri, 24 Oct 2003 23:28:46 +0000 i got the board. its great. but cd version? how is it? the same concept but have to use comp?

]]> 9b4a337381d9f9ade364a1ff34642aac milen007 replied to the topic reasonable cash on cash return on +ve cf prop in the forum General Property https://www.propertyinvesting.com/topic/4368969-reasonable-cash-on-cash-return-on-ve-cf-prop/#post-4435979 Fri, 24 Oct 2003 13:28:52 +0000 hi westan

i recon that the capital gain is minimal as its +ve CF IP, my guess would be around 3-5%

]]> 0766a4827df0567b910fc449ea817413 milen007 replied to the topic reasonable cash on cash return on +ve cf prop in the forum General Property https://www.propertyinvesting.com/topic/4368969-reasonable-cash-on-cash-return-on-ve-cf-prop/#post-4435977 Fri, 24 Oct 2003 11:06:00 +0000 i think it wont be that way, not all people willing to take the actions, thats make the diffrent of people that successful or not.

so, any other input of whats your yield on +ve CF IP? as I need some opinion to make up my strategy as i guess that 13% cash on cash return is good enough or not.

]]> 082f4b480da25d89d04c072410f18e48 milen007 replied to the topic DOES 11 SEC RULE STILLAPPLY IN OCT 2003!!!!!!!!!!! in the forum General Property https://www.propertyinvesting.com/topic/4368984-does-11-sec-rule-stillapply-in-oct-2003/#post-4436100 Fri, 24 Oct 2003 06:36:27 +0000 dun give up, keep searching they are there, a diamond in the bush. i found few and getting finance pre-approve now, as the deals all sold in less than 1 weeks. keep in touch with the RE agent on the areas you are intending to invest, so something comes up they can inform you.

good luck

]]> 4010f03b296ef78fe25a86a537c671a8 milen007 replied to the topic reasonable cash on cash return on +ve cf prop in the forum General Property https://www.propertyinvesting.com/topic/4368969-reasonable-cash-on-cash-return-on-ve-cf-prop/#post-4435964 Thu, 23 Oct 2003 12:59:27 +0000 celivia, its regional victoria.

westan, 25%? hmm good return, may i ask which part of australia?

anyone else? 13% good enough? what do you think?

]]> 80c93954dca7199b75b7cc7f56cc888d milen007 replied to the topic software in the forum General Property https://www.propertyinvesting.com/topic/4368867-software-3/page/2/#post-4434745 Tue, 21 Oct 2003 12:47:05 +0000

quote:
I have Property Manager Pro Version 3.14, I can email it (6Mb) if anyone wants it. Also heres a freebie, looks ok.

http://www.otter-software.com.au/Software/PropertyTrackerPages/NEWSBREAKNOWFREE.html

OzpatinQ8, i would like to try it. would you kind ly send to me on milen007@ersolution.com

thanks heaps

]]> eeb9d8e8dde6f7b6330a9836bcdcad38 milen007 replied to the topic how to select right mortage from so many brokers in the forum General Property https://www.propertyinvesting.com/topic/4368922-how-to-select-right-mortage-from-so-many-brokers-2/#post-4435289 Tue, 21 Oct 2003 12:09:21 +0000 hi stu, the link is not working. Both comparisons i choose both are standart variable loans. are they the same type? or diffrent?

]]> 789efde7333b7d490049f047d37a2bf7 milen007 replied to the topic how to select right mortage from so many brokers in the forum General Property https://www.propertyinvesting.com/topic/4368922-how-to-select-right-mortage-from-so-many-brokers-2/#post-4435285 Tue, 21 Oct 2003 11:56:35 +0000 thanks heaps on instant respond. Say all i need is just interest payment only for my ip loan, would it affect much if i just choose the lowest term say:
ACE HL RI Variable – Standard initial interest 5.89%, comparison rate 5.96 ongoing fee nil total startup cost 1045

compare to

ANZ RI Variable initial rate 6.57, comparison rate 6.61…[Read more]

]]> 19fecbc2aab6989c6642aa9c81512c6a milen007 replied to the topic how to select right mortage from so many brokers in the forum Heads Up! https://www.propertyinvesting.com/topic/4368921-test/?view=all#post-4435281 Tue, 21 Oct 2003 11:09:11 +0000 ops wrong post. should be in property section. sorry

]]> 19fecbc2aab6989c6642aa9c81512c6a milen007 replied to the topic how to select right mortage from so many brokers in the forum Heads Up! https://www.propertyinvesting.com/topic/4368921-how-to-select-right-mortage-from-so-many-brokers/#post-4435281 Tue, 21 Oct 2003 11:09:11 +0000 ops wrong post. should be in property section. sorry

]]> 8b2079e2829a7dd54b9f25332bfc0248 milen007 started the topic how to select right mortage from so many brokers in the forum General Property https://www.propertyinvesting.com/topic/4368922-how-select-right-mortage-broker/ Tue, 21 Oct 2003 11:08:09 +0000 do you guys have any criterias on selecting the right mortage for your IPs from so many broker? how do you know which one is the good one? as so many broker will tell you that they have the best on market or something like that.

if you are on 5 year fix loan, would you be able to refinance say when the loan goes for 2 years and the interest…[Read more]

]]> f875f4cbb55d8d3a1f313d4d18b38a4a milen007 started the topic how to select right mortage from so many brokers in the forum Heads Up! https://www.propertyinvesting.com/topic/4368921-test/?view=all Tue, 21 Oct 2003 11:06:49 +0000 do you guys have any criterias on selecting the right mortage for your IPs from so many broker? how do you know which one is the good one? as so many broker will tell you that they have the best on market or something like that.

if you are on 5 year fix loan, would you be able to refinance say when the loan goes for 2 years and the interest…[Read more]

]]> f875f4cbb55d8d3a1f313d4d18b38a4a milen007 started the topic how to select right mortage from so many brokers in the forum Heads Up! https://www.propertyinvesting.com/topic/4368921-test/ Tue, 21 Oct 2003 11:06:49 +0000 do you guys have any criterias on selecting the right mortage for your IPs from so many broker? how do you know which one is the good one? as so many broker will tell you that they have the best on market or something like that.

if you are on 5 year fix loan, would you be able to refinance say when the loan goes for 2 years and the interest…[Read more]

]]> f875f4cbb55d8d3a1f313d4d18b38a4a milen007 started the topic how to select right mortage from so many brokers in the forum Heads Up! https://www.propertyinvesting.com/topic/4368921-how-to-select-right-mortage-from-so-many-brokers/ Tue, 21 Oct 2003 11:06:49 +0000 do you guys have any criterias on selecting the right mortage for your IPs from so many broker? how do you know which one is the good one? as so many broker will tell you that they have the best on market or something like that.

if you are on 5 year fix loan, would you be able to refinance say when the loan goes for 2 years and the interest…[Read more]

]]> 3b4719006d91f043f1cdc5cdd2f7a249 milen007 replied to the topic software in the forum General Property https://www.propertyinvesting.com/topic/4368867-software-3/#post-4434732 Mon, 20 Oct 2003 21:48:25 +0000 i m sure that the client can download a demo version to view the pia file. demo version avail in their website

]]> f98c76ea11e12264673a33fd194df89c milen007 replied to the topic +ve cash flow VS -ve cash flow in the forum No Subject https://www.propertyinvesting.com/topic/4368892-ve-cash-flow-vs-ve-cash-flow/#post-4434983 Mon, 20 Oct 2003 12:57:03 +0000 yes. that fill in all my doubts, yes again for future borrowing ability, that could hurt, thats why there not many people that have more than 2 investment properties, guess that explains itself.

the headache of management on +cf can be troublesome, need some good PMs

the quite hard part on +cf IP is looking for the property itself i recon, while…[Read more]

]]> 181af17087ca307702ae2657802aaabb milen007 replied to the topic software in the forum General Property https://www.propertyinvesting.com/topic/4368867-software-3/#post-4434726 Sun, 19 Oct 2003 12:58:47 +0000 the software is really great… excellent.. thanks for the link

]]> 6ccbf5ea7788910a36d4af9f98833f11 milen007 replied to the topic software in the forum General Property https://www.propertyinvesting.com/topic/4368867-software-3/#post-4434724 Sun, 19 Oct 2003 01:43:36 +0000 where you can get it? link? thanks

]]> 8277d6707619799c4fc6512e2efe8eee milen007 replied to the topic Melbourne-InvestmentExpo in the forum Heads Up! https://www.propertyinvesting.com/topic/4368849-melbourne-investmentexpo/#post-4434545 Sat, 18 Oct 2003 02:02:58 +0000 great. i m also thinking of paying them a visit

]]> f3c38d847d463dd6a211cc3cbd6bf005 milen007 replied to the topic good property manager criteria in the forum General Property https://www.propertyinvesting.com/topic/4368823-good-property-manager-criteria/#post-4434344 Fri, 17 Oct 2003 16:48:26 +0000 thanks, never though of that. will always do that before posting

]]> c439f6171090ed886d5a4d649ce74b77 milen007 replied to the topic first home or investment property in the forum General Property https://www.propertyinvesting.com/topic/4368801-first-home-or-investment-property/#post-4434204 Thu, 16 Oct 2003 11:13:07 +0000 yeah i agree with that, will get some help from parents. but i am thinking of getting IP 1st which then the bank will not hasitate to lend me more money for my 2nd IP. as they may regards that the 1st ip have tenant and tax office to help me pay the debt, instead of own home, which i am all liable on the debt and have to pay the expenses from…[Read more]

]]> 0a2992e53d4683d29b1d343756aabe33 milen007 replied to the topic Interest tax deduction on ip in the forum No Subject https://www.propertyinvesting.com/topic/4368776-interest-tax-deduction-on-ip/#post-4434064 Thu, 16 Oct 2003 08:12:16 +0000 what will you guys do if got some cash sitting on saving account? pay off the mortgage? invest? such as?

]]> f03f99e873a00a324c31f94501e154b9 milen007 replied to the topic Another 6 +ve cashflow city houses sold tonight in the forum General Property https://www.propertyinvesting.com/topic/4368800-another-6-ve-cashflow-city-houses-sold-tonight/#post-4434182 Wed, 15 Oct 2003 13:49:00 +0000 well done. this will certainly keep us motivated. persistant will pay well

]]> 1b9cf42ece29567f4352864d67a039c0 milen007 replied to the topic Interest tax deduction on ip in the forum No Subject https://www.propertyinvesting.com/topic/4368776-interest-tax-deduction-on-ip/#post-4434063 Tue, 14 Oct 2003 21:55:23 +0000 Thanks

hence the idea is that the excess fund is better of invested somewhere or put in CD?

quote:
Hi Milen,

Rather than get into an explanation myself, you will more than likely find the info you require at the ATO’s website.

As a general comment – you cannot claim the interest if you haven’t actually incurred it as a cos…

[Read more]

]]> cfb962b86afe1141956a5f92c63bb245 milen007 replied to the topic Is it still worth buying an -ve IP now ? in the forum General Property https://www.propertyinvesting.com/topic/4368667-is-it-still-worth-buying-an-ve-ip-now/#post-4433483 Mon, 13 Oct 2003 07:05:59 +0000 Hi i am new in this area, but i received lots of suggestion on -ve gear ip but have to be in the high growth area, 2-12 km from metro area which growth around 8-9%. correct me on this pls if im wrong

]]> 9eb32c1ba68e7b293086cd3fb15b0106 milen007 replied to the topic Buyer Real Estate Agent commission in the forum General Property https://www.propertyinvesting.com/topic/4368690-buyer-real-estate-agent-commission/#post-4433656 Sun, 12 Oct 2003 22:13:26 +0000 Hi Bill

yes i could see what you mean there, yep some people are specialised in that field which may be a plus for us investor.

someone did tell me that if you find a good property manager, dun be stingy and just give them more percentage like 8-9% so that they really look after our property. few percentage of the rent wont hurt that much…[Read more]

]]> 4806628b0abe152f6d94733a5b62f3c8 milen007 replied to the topic Buyer Real Estate Agent commission in the forum General Property https://www.propertyinvesting.com/topic/4368690-buyer-real-estate-agent-commission/#post-4433653 Sun, 12 Oct 2003 14:09:40 +0000 as a starter, you would recommend stay away from the buyer agent? yes i know its plenty of money there for the commission. thats why i need some opinion on this. how much buyer agent usually charge? anyone?

what kind of lead is it westan? you mean the area? region? im in melbourne anyway. i love to start on doing some research on the areas. any…[Read more]

]]> 1881a5786b30a0e67fed079077bfa793 milen007 replied to the topic Buyer Real Estate Agent commission in the forum General Property https://www.propertyinvesting.com/topic/4368690-buyer-real-estate-agent-commission/#post-4433651 Sun, 12 Oct 2003 05:39:38 +0000 any idea guys? i bump into a buyer agent but they asking for $5k commission flat for sourcing the ip. i am not sure if this is a good approach for beginner. but i really need some help to get me start.

I just need to find out if they could share the commission with seller agent?

]]> dd8ef64567878088cd7dcf8b5a131cc5 milen007 replied to the topic First Investment Property in the forum General Property https://www.propertyinvesting.com/topic/4368684-first-investment-property-3/#post-4433601 Sun, 12 Oct 2003 01:20:29 +0000 is it a commercial property? or residential?

quote:
We had been getting $380 pwk for a one bedroom unit that cost $150K. The 11 sec rule – $380/2 x 1000 = $190K so buy at less than $190K fits the 11 sec rule for a + ve cashflow property.

bribie

]]> 74983cadb2db4e78abf8bc0a23ab1e57 milen007 replied to the topic Buying without seeing in the forum General Property https://www.propertyinvesting.com/topic/4368682-buying-without-seeing/#post-4433564 Sun, 12 Oct 2003 01:15:20 +0000 Agree as long as the number stack up, however if you can pay a visit before buying is recommended but its not always the case.

Anyway what commission is the buyer agent get? they share commission of 2% with the seller agent?

regards,
Erwin

quote:
I have a different view.

I have purchased 8 properties sight unseen. I wouldn’t just be buying…

[Read more]

]]> 344c5d6619fa938f5dc8424a3fe6fcf1 milen007 replied to the topic Urgent opinion needed in the forum General Property https://www.propertyinvesting.com/topic/4368336-urgent-opinion-needed/#post-4431088 Thu, 02 Oct 2003 13:56:07 +0000 I decide on that as well. thanks for the advise and its assure me.

quote:
Hi Erwin,

As I said in my first post the numbers are borderline for positive cashflow. Any excessive renovation costs could really destroy your return. Billfromoz is 100% right, you really need to know exactly what your costs are going to be before the auction. As a first…

[Read more]

]]> 8c36d5b581c932011b57b35b6bd3efaa milen007 replied to the topic property management in rural area in the forum General Property https://www.propertyinvesting.com/topic/4368374-property-management-in-rural-area/#post-4431494 Thu, 02 Oct 2003 09:42:10 +0000 hi Joff

where about is your rural investing property?

Thanks for all the input. i can conclude that we got to see at least once a year on ip while we can getaway for the weekends to inspect our ips

quote:
Hi all,
I own properties in melb.suburbs and western rural and have found property managers in the rural areas very good.
For one thing, they…

[Read more]

]]> ace51a1c7aa0828f846c5458b307bf6c milen007 replied to the topic If you live in Melbourne... let's get together in the forum Opinionated! https://www.propertyinvesting.com/topic/4368325-if-you-live-in-melbourne-lets-get-together/#post-4431034 Thu, 02 Oct 2003 09:39:23 +0000 Hi Helen

I am really interested.

in melbourne erwin0001@yahoo.com

regards,
Erwin

quote:
I’m interested. I’m in Box Hill.

—
Jeremy Lunn
Melbourne

]]> 0a946f1b4d41cec13f5b4fe12b10a6e9 milen007 replied to the topic Urgent opinion needed in the forum General Property https://www.propertyinvesting.com/topic/4368336-urgent-opinion-needed/#post-4431086 Thu, 02 Oct 2003 09:36:16 +0000 anyone experience in renovation have something to share? thanks in advance, Erwin

]]> d952c684a42c2cebff247749a1b79e62 milen007 replied to the topic property management in rural area in the forum General Property https://www.propertyinvesting.com/topic/4368374-property-management-in-rural-area/#post-4431486 Wed, 01 Oct 2003 21:50:11 +0000 Hi Westan

have you got any problem with them? such as tenant from hell? the agent take care of everything? due deligent on the new tenant?

quote:
hi Milen007

i live in Stawell Vic 240km west of Melbourne, i have properties in the Latrobe Valley 140km east of Melbourne and i haven’t been inside since i bought them in 1997. i also have…

[Read more]

]]> c426d8975d241ee8dffdbd685365d258 milen007 replied to the topic Contacts and Networking Opportunity in the forum Opinionated! https://www.propertyinvesting.com/topic/4368354-contacts-and-networking-opportunity/#post-4431202 Wed, 01 Oct 2003 09:06:57 +0000 yep any one know?

good accountant and lawyer for property investing.

quote:
Anyone know of a good accountant in Melbourne( I’m assuming that Steve & David are no longer available) who has a good handle on property investing and family trusts?

]]> 32cae8cada88550f8e5663acf2ef9e88 milen007 replied to the topic Urgent opinion needed in the forum General Property https://www.propertyinvesting.com/topic/4368336-urgent-opinion-needed/#post-4431085 Wed, 01 Oct 2003 06:37:31 +0000 call the agent, and find out that the unit actually 100s years old and need the whole floor board replace and major painting.

any suggestion to go on?

]]> cef3f044a11d7fb09e428fa0fedaab09 milen007 replied to the topic Urgent opinion needed in the forum General Property https://www.propertyinvesting.com/topic/4368336-urgent-opinion-needed/#post-4431084 Tue, 30 Sep 2003 21:58:01 +0000 i meant the auction is on 11 oct

yep i try to get as many information from the agent today.

quote:
G’day…

last response before I go to bed.

Exercise specisl care at auctions.

Obtai a written quote for all work that needs to be done BEFORE the auction…say it’s $10,000.
As the right price is then, more like perhaps $60,000 less the $10,000…

[Read more]

]]> 643a32adb053a4a037d26a314b3a1ebf milen007 replied to the topic Urgent opinion needed in the forum General Property https://www.propertyinvesting.com/topic/4368336-urgent-opinion-needed/#post-4431082 Tue, 30 Sep 2003 13:19:40 +0000 midtown of the around 15k population 300km from melbourne

]]> 595a0804696293abfd4e7b70bc92e553 milen007 replied to the topic Urgent opinion needed in the forum General Property https://www.propertyinvesting.com/topic/4368336-urgent-opinion-needed/#post-4431081 Tue, 30 Sep 2003 12:26:56 +0000 Hi Rod

I am aiming for the positive cash flow ip, frankly i am not very familiar with the region and going to do more research on the surrounding prop.

but…
The property is not occupied and would require
restumping before renting and some renovation. It ison a 406 sq metre block and is well located midtown

quote:
What are you aiming to get…

[Read more]

]]> f1aa0dce31531c1d057599145c455983 milen007 replied to the topic Urgent opinion needed in the forum General Property https://www.propertyinvesting.com/topic/4368336-urgent-opinion-needed/#post-4431080 Tue, 30 Sep 2003 12:14:38 +0000 the ads runs with this description:

Great downtown location. Rent, renovate, remove. Handy to school and shops. 10% deposit, Balance 60 days.

Ideally located. Single unit or townhouse development site

located in regional vic, auction on 11 sept, should i better off offering before auction or wait till auction?

]]> 96f3fa6a48730f624e94f5dddc084c20 milen007 replied to the topic How to find cashflow Positive Investments in the forum General Property https://www.propertyinvesting.com/topic/4368232-how-to-find-cashflow-positive-investments/#post-4430366 Fri, 26 Sep 2003 12:07:41 +0000 Hi Jasonv

I am after a +ve cash flow property in vic, you got to know anyone who can help me source the property? many thanks

]]>