PropertyInvesting.com | MOB | Activity https://www.propertyinvesting.com/members/mob/activity/ Activity feed for MOB. Mon, 13 Apr 2026 07:28:20 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 f4d5360608b93c9c242a3ef4c5f18a72 MOB replied to the topic A FLIP in the forum General Property https://www.propertyinvesting.com/topic/4372215-a-flip/#post-4462392 Tue, 23 Mar 2004 11:44:37 +0000 Nope, no stamp duty on deposit.
I was re-imbursed my deposit by the new purchaser. I provided my receipt as proof of deposit.
I did pay ~$85 for the conveyancer to handle my capital gain and post my cheque.

]]> a9fd53c0a3ab5e8e61ac1a3fd0322a97 MOB replied to the topic A FLIP in the forum General Property https://www.propertyinvesting.com/topic/4372215-a-flip/#post-4462390 Mon, 22 Mar 2004 09:47:48 +0000 BEAR1964

I’m sure it does vary from state to state. I am in SA tho’.
There wasn’t any stamp duty.
Cheers

]]> ef769796e299630323f6418313c21d58 MOB replied to the topic Funding Self Sufficiency in the forum Finance https://www.propertyinvesting.com/topic/4372090-funding-self-sufficiency/#post-4461239 Mon, 22 Mar 2004 08:46:52 +0000 As a professionals Investor, you would be considered self-employed, therefor needing 2 years minimum financials that show your income able to substantiate your living expenses and your loans.
ie. replace your income with investment income.

For a trading company, you would need the same financials showing good incomes for 2 years minimum, the same…[Read more]

]]> ec00d5645453b96b73840258366a10fc MOB replied to the topic Loan Serviceability – Looking for a lenient lender in the forum Finance https://www.propertyinvesting.com/topic/4371157-loan-serviceability-looking-for-a-lenient-lender/#post-4453807 Mon, 22 Mar 2004 04:42:55 +0000 The NAB will accept 100% of rental income if there is a rent agreement in place. Only 60% on proposed rent for a purchase tho’. If you are buying, get a tennant prior to purchase or valuation at least. (The valuer will determine the proposed rent.)
Homeside Lending (a division of the NAB) has same policy as NAB, and can be accessed easily via a…[Read more]

]]> b3bf6793eb6bf15d65cb9e1c01b1d1fd MOB replied to the topic Best of both worlds in the forum Finance https://www.propertyinvesting.com/topic/4372177-best-of-both-worlds/#post-4462060 Mon, 22 Mar 2004 04:04:20 +0000 I’m sorry I didn’t follow all of your question.
If you have a Home Loan and IP Loan, then the scenario below could be profitable.
It sounds like your going to rent out your current home and buy a new home, is that right? If so, you may want to check with your accountant about the deductibility of your interest. I have heard that deductions may…[Read more]

]]> 007c09d565015f8163f3989b7044c4b8 MOB replied to the topic moving equity from IP into PPOR in the forum Finance https://www.propertyinvesting.com/topic/4371454-moving-equity-from-ip-into-ppor/page/2/#post-4455743 Mon, 22 Mar 2004 03:06:32 +0000 It is possible to “convert” your Non-Deductible debt (Home Loan) to Deductible over a short period of time.
Open a new LOC facility secured preferrably over your Owner Occupied property (is this what PPOR stand for?) This is strictly for investment use. Use this to pay your repayments on your IP.

Take your rent from your IP and add it to your…[Read more]

]]> 7933f47fa5fab90682b8179e144a6073 MOB replied to the topic What is the process? in the forum Hotch Potch https://www.propertyinvesting.com/topic/4372021-what-is-the-process/#post-4460786 Thu, 18 Mar 2004 12:32:41 +0000 Paul,
You said
“I now know of 2 mortgage organisations who are advertising that their underlying funders and mortgage insurers are fully “in the loop” as far as knowing and approving that the house may be on sold using a wrap strategy.”

Can you tell me who they might be.
Thank you,
Michael

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