PropertyInvesting.com | Monkeybam | Activity https://www.propertyinvesting.com/members/monkeybam/activity/ Activity feed for Monkeybam. Sun, 12 Apr 2026 16:50:54 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 dad23f546c84e7bffc1ad9df98646c2d Monkeybam replied to the topic Stamp Duty Questions-HELP in the forum General Property https://www.propertyinvesting.com/topic/4370510-stamp-duty-questions-help/#post-4448535 Thu, 15 Jan 2004 01:39:33 +0000 I dont think it is tax dedustable as a PPOR has a lower stamp duty to start with. (QLD 50% less) so you save from the start. If you manage to sell it after 12 months there is no capitial gains tax either. If you are nomadic you can turn properties over this way. One a year though but a good start :)

]]> b2d27978096c5832b97f1aabf8a05519 Monkeybam replied to the topic settlement day inspections in the forum General Property https://www.propertyinvesting.com/topic/4370453-settlement-day-inspections/#post-4448044 Thu, 15 Jan 2004 01:32:11 +0000 I generally take out insurance from the time the contract becomes unconditional.( building and pest inspections completed) I figure if something goes wrong before then then the inspection will find it and negotiations entered into. A cover note is usually enough as you dont have to pay for it for a couple of weeks if the contract flops for any…[Read more]

]]> 36e59b76707f15f812da4dbf8f9cd174 Monkeybam replied to the topic so how much is enough in the forum No Subject https://www.propertyinvesting.com/topic/4370483-so-how-much-is-enough/#post-4448275 Thu, 15 Jan 2004 01:16:03 +0000 I think from what I am reading to enjoy the present is so important. Theere is no better way than to realise some capitial gains to begin. The important thing is balance. Do you spend the money on lifestyle or reinvest it to get more. I have bought a boat; it is definitely not an investment and seems to cost me heaps, far worse than houses and not…[Read more]

]]> a05ecb7bb1f8b519fec6e592cd263235 Monkeybam replied to the topic Insurance tricks to save in the forum General Property https://www.propertyinvesting.com/topic/4370475-insurance-tricks-to-save/#post-4448190 Tue, 13 Jan 2004 13:31:44 +0000 bulk insurance is like multiple policy discount. One trick I have used is to list all property with my family name (omit initials) this was when the company types in the name not only do my details come up but also my parents. I also use their address as a postal address. It is a matter of playing with details to make them work. Having several…[Read more]

]]> 54d68fa91f295d41be9cdc321322e6fd Monkeybam replied to the topic Credit Card and Property Investing in the forum General Property https://www.propertyinvesting.com/topic/4370469-credit-card-and-property-investing/#post-4448134 Tue, 13 Jan 2004 08:38:59 +0000 I find cash is the best to negotiate around improvements and mointance for property. Trades men know the value of cash and the slab of beer. A credit card just does not cut it! For bills I can see the benefit…Rates…$700 use the card and save interest. It adds up over the year especially with big bills.

]]> e8219dec5aace75d59769ef5338690db Monkeybam replied to the topic Building a house in the forum No Subject https://www.propertyinvesting.com/topic/4370472-building-a-house/#post-4448173 Tue, 13 Jan 2004 08:18:51 +0000 I have crunched the numbers for owner builder. It is a goer if you have the time and skills, but a huge commitment. I think unless you are after something specific, to buy and renovate is a far more cost efficient option. Ther are heeps of hidden costs in finishing a house. Establishing gardens, turf, letterbox, clothes line, light fittings. all…[Read more]

]]> 76e219c7b9e576ceace4e715d0a9f1be Monkeybam replied to the topic cash income in the forum Opinionated! https://www.propertyinvesting.com/topic/4370419-cash-income/#post-4447775 Tue, 13 Jan 2004 08:03:46 +0000 If people work hard and are rewarded there is nothing wrong with that. It is labeded the domestic ecconomy. Pocket money for kids, tips and other insignificant monies. Some are generous in their interpretation of tax policy.

]]> c91be53b88afa2a58d9dc8cf037df637 Monkeybam replied to the topic wraping - good or bad? in the forum Opinionated! https://www.propertyinvesting.com/topic/4370457-wraping-good-or-bad/#post-4448065 Tue, 13 Jan 2004 07:54:15 +0000 I feel wrapping can have a detrimental effect on the wrapees. The principal that they percieve they own the house makes them take care of it if they really carnt afford it then it falls in a heap and the only winners are the wrapers with the wrapee worse off. To wrap as a favor can work for family. My family gave me a hand up when I first started…[Read more]

]]> f70d9361aa7c0d3aa73d008c5ba58b68 Monkeybam replied to the topic Rising Interest Rates in the forum General Property https://www.propertyinvesting.com/topic/4370474-rising-interest-rates/#post-4448181 Tue, 13 Jan 2004 07:44:14 +0000 Fixed rates are an option. I find that even if things tend to go bad a good property will have potential. When the lease expires if the market can take it put up the rent. You wont make any friends but will keep property positive. Think about it would you move for $10 a week increase. moving costs make moving difficult.

]]> 69b846899ec736f21538b74f08965651 Monkeybam replied to the topic Interest rates/rents/wages in the forum Opinionated! https://www.propertyinvesting.com/topic/4370260-interest-ratesrentswages/#post-4446316 Mon, 12 Jan 2004 11:51:34 +0000 Everthing goes up. The trick is to hold things that go up rather htan get old and become worth less. Property is always a up on the long term. unfortunately boats for me have been a down as have cars. Luckly property can be entertaining :) I think there will be some correction all round this year. prices fall, rents catch up :)

]]> cd9f9e313c346e370feff44211d90802 Monkeybam replied to the topic Foreclosures in the forum General Property https://www.propertyinvesting.com/topic/4370340-foreclosures-3/#post-4447124 Mon, 12 Jan 2004 11:39:08 +0000 I think these are the best buys. People are prepared to let their porperties go below cost and take a loss in orde4r to keep their credit rating in good condition. bit of a win loose but they get to keep their credit rating. dont let it happen to you!

]]> 408b36f120f6625af61a562ff313d0a4 Monkeybam replied to the topic keeping tenants happy in the forum General Property https://www.propertyinvesting.com/topic/4370406-keeping-tenants-happy/#post-4447695 Mon, 12 Jan 2004 10:55:09 +0000 the secret to keeping tennants content is knowing the law and your responsibilitesand theirs. Be upfront and honest with them. I find that it changes over time. they are not going to be overly fond of you after a rent increase. Who is fond of bills conning in! I manage myself, In doing so I ask the tennant the urgency when they ring me up and…[Read more]

]]> 680597d6156fe27119a09ffbea6cb9a2 Monkeybam replied to the topic To Sell, Stay, or rent out??? in the forum General Property https://www.propertyinvesting.com/topic/4370230-to-sell-stay-or-rent-out/#post-4446162 Mon, 12 Jan 2004 10:06:28 +0000 I think to save on tax if you are up to it move every 12 months or so, saves stamp duty on purchase. If the market is right sell if not rent it out. 12 months of slow renovations. convienent as you are on site. market wrong rent it out. trick is to keep money in an ofset account to keep investment money tax deductable and ppr with little debt…[Read more]

]]> dc8f1f24f21a8068c45b52ccec0a7bca Monkeybam replied to the topic The Future? in the forum No Subject https://www.propertyinvesting.com/topic/4370324-the-future/page/3/#post-4446964 Mon, 12 Jan 2004 09:51:43 +0000 I was not thinking of the wrapers rather those who had been wrapped. they paid a high price for the property (If it is theirs) and are paying a high rate of interest. Often working in unsecure jobs which traditional means would not give finance. These jobs may be lost unable to keep up payements the “wrap” may fall in a heap especially if those…[Read more]

]]> b6bf6625378646edc68ea2d4062f6c05 Monkeybam replied to the topic The Future? in the forum General Property https://www.propertyinvesting.com/topic/4370324-the-future/page/2/#post-4446958 Sun, 11 Jan 2004 10:14:02 +0000 One thing for certain is that no one knows the future. I have seen in my local area a lot of new realestate agents poping up, this leads to fewer listings in each agency. The market will correct these factors. I find that I am in a strong position to negotiate, even commission. I have just sold one of my IP and have already seen a drop in price…[Read more]

]]> 7fbae6d996beda3b6f5911b0ba8ac3bf Monkeybam replied to the topic To Sell, Stay, or rent out??? in the forum General Property https://www.propertyinvesting.com/topic/4370230-to-sell-stay-or-rent-out/#post-4446159 Sun, 11 Jan 2004 01:50:24 +0000 the market seems to dictatewhat we can do. I have just sold an investment property and am eagly awaiting the “doom” with any luck the doom will be bad enough for me to buy two properties with my proceeds. With doom and boom come opportunities take hold of these and do well. There is a time for everything!
[:p]

]]> ccec2feff90f7d1a8c017bca7bfac8fe Monkeybam replied to the topic Secrets to getting Top Price in selling Your Home! in the forum General Property https://www.propertyinvesting.com/topic/4369290-secrets-to-getting-top-price-in-selling-your-home/page/4/#post-4438576 Sun, 11 Jan 2004 01:32:45 +0000 Sound advice, I like it a lot. Just sold previously thinking I wasted close to 6k on agents[;)]

]]> 7e9ee93e8c0cb834b2fe4e3d6d1fb314 Monkeybam replied to the topic Multiple Offers on Unseen Properties in the forum No Subject https://www.propertyinvesting.com/topic/4370374-multiple-offers-on-unseen-properties/#post-4447376 Sat, 10 Jan 2004 11:35:54 +0000 It is a elaberate game of building a relationship and having a punt. By all means you will win a few when people are in to deep. YOu may even snare some investors who have attempted to wrap. Make money after some one else takes a loss. sounds evil but seems to work. All parties consent to the deal even if it is unhappily.
Brendan

]]> 774f6206adef7a478302e4ff87b51b2c Monkeybam replied to the topic Purchasing Costs in the forum Help Needed! https://www.propertyinvesting.com/topic/purchasing-costs/#post-4447361 Fri, 09 Jan 2004 12:45:36 +0000 It is all about playing with the numbers, moving cash form one place to the other. Redrawing on loans is also a good trick to get around stamp duty on the loan. sell one and buy another with the proceeds. If you have the equity :)

]]> a16ff9dfe29d1213b5e3173cc6585354 Monkeybam replied to the topic buying property unseen in the forum No Subject https://www.propertyinvesting.com/topic/4370263-buying-property-unseen/page/2/#post-4446341 Fri, 09 Jan 2004 12:41:19 +0000 so you guys dont have enough property in the local area. I feel it difficult to know the marked intimately enough to purchase in different markets. I prefer the local markets and certainty…I guess I am just careful!

]]> 0cb3a69d7ade4d002a8a3069b47f4e39 Monkeybam replied to the topic Neil JENMAN angel or devil in the forum Heads Up! https://www.propertyinvesting.com/topic/4370274-neil-jenman-angel-or-devil/#post-4446519 Tue, 06 Jan 2004 04:35:22 +0000 Like everyone he has his motivations and seems to be doing really well. His views are definitely not allined to many on this forum. I often ask the questin who is the estate agent working for the buyer or the seller. My experience they are working for themselves trying to get a sale at any cost so they get paid. I would do the same under similar…[Read more]

]]> 03dad2b5c2abccbab6b9bd4c63df6d30 Monkeybam replied to the topic "The Investors Club" in the forum No Subject https://www.propertyinvesting.com/topic/4370139-the-investors-club-3/page/2/#post-4445564 Tue, 06 Jan 2004 03:57:36 +0000 I am senciung some deep hostilities and changes in opinion Bec, One question I always ask when someone tries to sell me something or offer me a service is what is in it for me…what is in it for them. The agent wants the commission, the club is funded largely throught its members so wants more, is there other funding??? This verry forum is run by…[Read more]

]]> 60be22ee20b0f913c25f628c88aad035 Monkeybam replied to the topic buying property unseen in the forum General Property https://www.propertyinvesting.com/topic/4370263-buying-property-unseen/#post-4446327 Sun, 04 Jan 2004 11:31:49 +0000

quote:
Here’s the advice you need – in one word.

DON’T

Bec


Anyoe will think I am a Bec fan but i must say i agree and say a big DON’T You dont know what you dont see!

]]> 297dd9bf11cef1c0fe2290d2e9d21576 Monkeybam replied to the topic "The Investors Club" in the forum No Subject https://www.propertyinvesting.com/topic/4370139-the-investors-club-3/page/2/#post-4445558 Sun, 04 Jan 2004 11:19:01 +0000 I have had a read the comments of Rebecca are a breath of fresh air. while I ahve not put in the hard yards and read all the info. I personally believe that there is no easy road. You need to do your own research and find the deals. No one is going to find them for you as if they did why would they tell you. Their moitve is I believe to help…[Read more]

]]> 9988b580bb7821a66141ac110325a50e Monkeybam replied to the topic Pornography, suicides and SA wrapping in the forum Opinionated! https://www.propertyinvesting.com/topic/4370239-pornography-suicides-and-sa-wrapping/#post-4446204 Sun, 04 Jan 2004 11:03:57 +0000 I must say I am not a fan of wraps. I feel it is taking advantage of people who are not too smart, charging them huge interest and overpricing the property to start with. If someone can not get finance then a wraper should not set them up to fail only to take the house back of them and leave them worse than they started.Yes it makes money for the…[Read more]

]]> 1f90a8fca82bf0a4639c9390dbe25203 Monkeybam replied to the topic Your 'net worth' & goals in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4370206-your-net-worth-goals/#post-4445987 Sun, 04 Jan 2004 10:52:13 +0000 I ahve to agree wtih redwing, I manage my own properties and am considering taking time off work to do more…also more time to relax. I think property can be a full time job in many respects, I was called on new years eve to fix a leaking tap at 3pm…just the downside of doing your own management…my tennants are great though!

]]> 924a637e96d1115d9b068f9985febb24 Monkeybam replied to the topic where to buy?? in the forum General Property https://www.propertyinvesting.com/topic/4369583-where-to-buy/page/2/#post-4440932 Sun, 04 Jan 2004 10:43:26 +0000 I think the trick is to see3 a lot of property and put in redicilious low offers and when someone is desperate enough they will let you have them. You must have a thick skin and be prepared to be knocked back many times. I also have found there is gold where others have failed. That is when someones property goes pear shapped, the tennant trashes…[Read more]

]]> 3e180d3350292c099ca5078bf7410522 Monkeybam replied to the topic Finally, it's getting back to normal... in the forum No Subject https://www.propertyinvesting.com/topic/4370173-finally-its-getting-back-to-normal/#post-4445859 Sun, 04 Jan 2004 10:35:12 +0000 I am fairly new here but I feel the market has also smoothed out with not much happening over christmas new year. Also I feel a lot of investors are moving back into shares which in turn leaves more opportunities for those who remain. That is the case in Brisbane south side anyway. Interest rates and bad press have something to do with it too!

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