PropertyInvesting.com | Moosehead | Activity https://www.propertyinvesting.com/members/moosehead/activity/ Activity feed for Moosehead. Sat, 11 Apr 2026 19:46:56 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 151f497ac3f009bccf2c0967fa0c7945 Moosehead replied to the topic USA - Deterioration of the Alt-A mortgage market in the forum Overseas Deals https://www.propertyinvesting.com/topic/4390388-usa-deterioration-of-the-alt-a-mortgage-market/#post-4571709 Wed, 08 Aug 2007 23:54:10 +0000 Thanks for the reply tall2z, that answers some of my questions.  With regards to the scheme you described above, who holds the mortgage over the properties?  Does the bank that wrote the loan retain it or is it part of the deal sold off to the investors?  Or, does the bank offer a different security entirely?

]]> c266d0d29c08d7d20f32b344c7bdddf5 Moosehead replied to the topic Interest Rate increase in the forum Finance https://www.propertyinvesting.com/topic/4390412-interest-rate-increase-2/#post-4571813 Wed, 08 Aug 2007 06:27:17 +0000 Something to keep in mind when the next housing affordability beat up story makes the news:http://www.news.com.au/business/story/0,23636,22208735-14302,00.htmlHouseholds are spending about the same on housing as they have before, but a lot more on the air-con, 2nd fridge, dishwasher etc…Interestingly less is being spent on food and clothes to…[Read more]

]]> 584c4d95c04c55a94d48adb290e84c03 Moosehead replied to the topic USA - Deterioration of the Alt-A mortgage market in the forum Overseas Deals https://www.propertyinvesting.com/topic/4390388-usa-deterioration-of-the-alt-a-mortgage-market/#post-4571707 Wed, 08 Aug 2007 05:12:25 +0000 Hi Richard… couple questions from your posts -You say most loans in Australia aren't securitised – this surprises me as I would have imagined a lot of the debt would be in the housing market and secured against property?  Similarly business debt would be secured against assests?  Or do you mean that when the loans are aggregated and sold off, t…[Read more]

]]> 7f8d6aa1f19af933a4f32cff9119a340 Moosehead replied to the topic Partner Resistance Issues in the forum A few people have mentioned https://www.propertyinvesting.com/topic/4390348-partner-resistance-issues/#post-4571474 Mon, 06 Aug 2007 06:45:31 +0000 A few people have mentioned giving books to a partner to get them inspired/converted ;) What about for the parter that doesn't read much?  I would love to have my girlfriend on board but unless theres a version of 'Rich Dad' that is presented by Tyra Banks (she loves Next Top Model) then I don't see it happening… :D

]]> 93673bf23a815c4ba59b1da9eb138079 Moosehead replied to the topic USA - Deterioration of the Alt-A mortgage market in the forum Overseas Deals https://www.propertyinvesting.com/topic/4390388-usa-deterioration-of-the-alt-a-mortgage-market/#post-4571701 Mon, 06 Aug 2007 06:24:09 +0000 Interesting post… but who is Fannie/Freddie??Could this happen in Oz?

]]> 0ff0b6a0022ef834f2d8611b2a049e4e Moosehead replied to the topic Onselling a contract for profit in the forum Creative Investing https://www.propertyinvesting.com/topic/4390131-onselling-a-contract-for-profit/#post-4570336 Mon, 06 Aug 2007 06:13:51 +0000 I'm interested to hear experiences of anyone who has a negotiated an option on a simple residential deal?  In theory it sounds great… especially for developments because you could get the approvals happening without having the holding costs eating away at you.  But I wonder how you would get an regular old vendor to agree to this.  What sort of…[Read more]

]]> bc924a404ea7a578f8f511c421be3030 Moosehead replied to the topic Anyone not finished their 05/06 tax return??? in the forum Bah, what's the rush.  I https://www.propertyinvesting.com/topic/4389010-anyone-not-finished-their-0506-tax-return/#post-4564802 Thu, 02 Aug 2007 06:13:55 +0000 Bah, what's the rush.  I like to have my appointment with my accountant in Oct/Nov so I can be sure I have all the statements I needs from managed funds etc.  Another bonus is you then get your refund around Xmas.  Presents for all!  lol.

]]> b2cec581231cc0d51de59e06315d4350 Moosehead replied to the topic Plans to make homes $20,000 cheaper in the forum General Property https://www.propertyinvesting.com/topic/4390337-plans-to-make-homes-20000-cheaper/#post-4571370 Tue, 31 Jul 2007 05:13:35 +0000 Here's my take and I am climbing into my flame suit as I write it.I don't think the government should be held responsible for providing affordable property.  Accomodation yes, property no.  People need to stop thinking that they are 'owed' a choice of nice houses in nice metropolitan suburbs that can be bought with a first home loan.There are a lo…[Read more]

]]> 6c5eef139ed29e3c1bb6fd5318ee9a3a Moosehead replied to the topic Investors Direct Mortgage Brokers in the forum Finance https://www.propertyinvesting.com/topic/4390242-investors-direct-mortgage-brokers/#post-4570918 Tue, 24 Jul 2007 01:02:41 +0000 I am getting my next loan with Investors Direct and have found them quite good so far.  The consultant I talk to has a large portfolio herself and has recommended a strategy for me to do the same myself.  No complaints so far.And certainly better than going to the banks yourself, won't be doing that again!

]]> bf591cfa7e18b5bafa7274f761281815 Moosehead replied to the topic Beenleigh in the forum Help Needed! https://www.propertyinvesting.com/topic/4390233-beenleigh/#post-4570887 Thu, 19 Jul 2007 06:21:47 +0000 I think Beenleigh is a great investment choice :)I bought a 3 Bed house in Eagleby in late 03 for 185k, rented for $190.Signed contracts to sell it a month or so ago for 265k, tenant in there is paying $240 pw.Good times.

]]> 61aad4c387bc79e72bc4de557a7f869f Moosehead replied to the topic Selling main residence in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4390103-selling-main-residence/#post-4570109 Thu, 12 Jul 2007 06:47:15 +0000 Thanks Elka I think I get it now.  I just assumed as soon as you moved & declared your old place an IP everything would be deductible but it's not that simple… the devil is always in the detail isn't it.

]]> ba2b8965a0f13e33684eb379fc735f42 Moosehead replied to the topic Selling main residence in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4390103-selling-main-residence/#post-4570104 Wed, 11 Jul 2007 06:34:37 +0000 Yikes I am getting confused here.Elkam could elaborate on what you mean by planning ahead and using an offset account?  Sorry just not following there.I would have thought that whichever house your are not occupying could be considered as an investment property in the eyes of the ATO and therefore any interest accruing against would be…[Read more]

]]> 3b07a457bedcc8605444c523ac75020f Moosehead replied to the topic Joint Tennant Refinancing in the forum Finance https://www.propertyinvesting.com/topic/4390124-joint-tennant-refinancing/#post-4570284 Wed, 11 Jul 2007 06:22:35 +0000 On the topic of joint tenancy.Say you wanted to purchase a property with a partner but one person was contirbuting a larger share of the purchase costs & ongoing costs.  What would be the best way to set up ownership such that any profits (or loss) are distributed in unequal shares according to some agreed split?

]]> d3d8465c196ac1bb5ca6e718ac662964 Moosehead replied to the topic RAMS Loan in the forum Finance https://www.propertyinvesting.com/topic/4390083-rams-loan/#post-4569997 Tue, 10 Jul 2007 05:17:44 +0000 Good explanation v8ghia, cleared some things up for me.What do you think about the strategy of going to the 'strict' lenders first, then working your way down to lenders like Rams who are fairly lenient?

]]> bf628d0319333054e94be50a65709141 Moosehead replied to the topic X Collateralising in the forum Finance https://www.propertyinvesting.com/topic/4388905-x-collateralising/#post-4564327 Tue, 10 Jul 2007 01:51:22 +0000 I think it's very unprofessional the way banks don't really explain how they are planning to structure your loan.  It's almost as if they will cross by default and only savvy investors (ie people who been burnt before, or heard of other who have been) will realise.Recently I applied for a pre approval with my banker at the NAB.  They couldn't c…[Read more]

]]> 3a569961253e733f43589d502f43969f Moosehead replied to the topic Adelaide What's going on??? in the forum General Property https://www.propertyinvesting.com/topic/4390113-adelaide-whats-going-on/#post-4570205 Fri, 06 Jul 2007 04:30:05 +0000 I've been living in Adelaide for over 3 years now, and the market has continued to surprise me.  If you look at the fundamentals, the picture is not good, but this has not stopped house prices moving up steadily over the last couple years.Some of things that worry me about the market:- Small overall size of market compared to other capitals-…[Read more]

]]> 7d068441f4d5db6e6b3fa9b0dc139a1d Moosehead replied to the topic Setting up the property empire... in the forum Help Needed! https://www.propertyinvesting.com/topic/4390045-setting-up-the-property-empire/#post-4569841 Thu, 28 Jun 2007 03:17:08 +0000 G'day BrentI found myself in a similar situation to you a couple years ago so I thought I'd offer my advice… 1)  Trusts etc.  I think for your first couple of IPs, there is nothing wrong with holding them personally.  Especially when you are a high income earner and going for 'buy and hold' cashflow negative IPs, having them in your name lets…[Read more]

]]> 178d3fc0684d217a976f92bc2c82f029 Moosehead replied to the topic What do you think about putting your offers through the real estate - will they take it to owner in the forum Help Needed! https://www.propertyinvesting.com/topic/4390014-what-do-you-think-about-putting-your-offers-through-the-real-estate-will-they-take-it-to-owner/#post-4569648 Tue, 26 Jun 2007 03:26:32 +0000 I think it's a valid question.  From my limited experience most agents don't like offers with any non-standard terms included and I've heard more than once 'I don't think the vendor will be interested in that so I'm not inclined to pass it on…'I'm not sure what the answer is.  Threatening the agent usually doesn't work… you need them on side t…[Read more]

]]> 309c47f4d8ce61a53ed3d499cff68258 Moosehead replied to the topic Commercial properties. in the forum Help Needed! https://www.propertyinvesting.com/topic/4389997-commercial-properties-6/#post-4569578 Tue, 26 Jun 2007 00:41:46 +0000 Before I get into commercial property directly, I'm planning on building up some holdings in LPTs.  Factoring in the work & stress involved with managing a commercial property I think it would be hard to beat the return of the high rated LPTs which require next to zero personal management oversight!  Maybe one day when I'm a little more &…[Read more]

]]> bfb88c9f9b3a8075648f4351204f9856 Moosehead replied to the topic Borrowing as Guarnator in company & trust names Re: Borrowers limit is not applicable in the forum While we're myth-busting... https://www.propertyinvesting.com/topic/4390000-borrowing-as-guarnator-in-company-trust-names-re-borrowers-limit-is-not-applicable/#post-4569592 Sun, 24 Jun 2007 02:13:15 +0000 While we're myth-busting… anyone care to bust this one?I've heard… that once a company has 2 years of financial history showing some profit, the company can borrow without any of the directors needing to provide guarantees or declare their personal income.

]]> bc40a20e16b5f1fa7d7bf6052fd0e797 Moosehead replied to the topic Is anyone doing it tough? in the forum General Property https://www.propertyinvesting.com/topic/4385170-is-anyone-doing-it-tough/page/3/#post-4545943 Sun, 24 Jun 2007 01:56:04 +0000 foundation wrote:
Option 1) I buy a $6k (just an example) tele today, but (thanks Harvey Norman!) still get to invest the money for 3 years: at the end of 3 years I'll have just the investment return and a tele worth $1.5k if I'm lucky.

Ahh see… there's the kicker – to you  having TV during that 3 years isn't worth anything.  To me that's 3 y…[Read more]

]]> 09f8b55449ce6f53e0886387ac3cf541 Moosehead replied to the topic Is anyone doing it tough? in the forum Yes I think you have it https://www.propertyinvesting.com/topic/4385170-is-anyone-doing-it-tough/page/3/#post-4545940 Fri, 22 Jun 2007 00:47:01 +0000 Yes I think you have it there – we obviously do think differently!  At home I have 42" pioneer plasma TV.  It's fantastic watching a good show or movie in full HD – a daily pleasure of life for me.  I don't own it, it's on 3 years interest free terms.  It'll be paid off comfortably before the 3 year period – hell I have the cash to pay it all off…[Read more]

]]> 07d76cd48c2d0c47a99f42233fc99fae Moosehead replied to the topic Is anyone doing it tough? in the forum General Property https://www.propertyinvesting.com/topic/4385170-is-anyone-doing-it-tough/page/2/#post-4545938 Wed, 20 Jun 2007 23:47:04 +0000 F. – my next question is then, why participate in a property investing forum, when you are in essense idealogically opposed to the idea?  You say you don't advocate anything for others, I find that quite a comical statement given your quite prolific promotion of anti-debt theories here.  If you are trully happy with your own life and choices, I d…[Read more]

]]> 8edfff2a2ff7562d122e9ac7b9414435 Moosehead replied to the topic Is anyone doing it tough? in the forum General Property https://www.propertyinvesting.com/topic/4385170-is-anyone-doing-it-tough/page/2/#post-4545934 Wed, 20 Jun 2007 04:30:05 +0000 Heh, good to see this post again, a little trip down memory lane from last year!F – Every post I see from you just makes me more hungry to know, what strategy do you advocate to acheive financial freedom, and how is it going?In response to your Max & Penelope story, here's one of moosehead's.  Oops used his real name… doh.2003Age 23Income 50k p…[Read more]

]]> 9d0668ccfd8fc6d6ae36346f9c846e46 Moosehead replied to the topic Lines of Credit and LMI in the forum Finance https://www.propertyinvesting.com/topic/4389959-lines-of-credit-and-lmi/#post-4569468 Tue, 19 Jun 2007 23:15:48 +0000 Thanks for the replies guys, looks like I need to shop around a bit.

]]> c452702461242f3d7f7e0a4e143a5d6d Moosehead replied to the topic No Money Down / 2nd Mortgage in the forum Creative Investing https://www.propertyinvesting.com/topic/4389209-no-money-down-2nd-mortgage/#post-4565813 Tue, 19 Jun 2007 01:37:42 +0000 I think it's more like (to the vendor) "I have 80 bucks, will you loan me the other 20?  I'll pay the 20 back to you over x years at x.x interest rate, deal?"The main problem with this strategy is that it only works with vendors who aren't under pressure to sell.  If they were, they most likely need the money soon, and won't be interested in v…[Read more]

]]> 45aff6d9ba9bc0fcb7cea4ebacf5bc58 Moosehead replied to the topic Finding Postively Geared Properties..... in the forum Help Needed! https://www.propertyinvesting.com/topic/4389951-finding-postively-geared-properties/#post-4569426 Tue, 19 Jun 2007 00:43:13 +0000 My advice would be – don’t read one book on property and adopt it as your bible. Positive cashflow is only one way to invest is property. After I read Steve’s book I was sold on the idea, but after doing some more research and reading, I believe investing for capital growth is where the real money is.

Check out Michael Yardney’s first book or…[Read more]

]]> c91a82b31a98b5fa8d0d3950dbdee447 Moosehead replied to the topic Investing Full-Time in the forum Help Needed! https://www.propertyinvesting.com/topic/4389933-investing-full-time/#post-4569369 Mon, 18 Jun 2007 05:28:26 +0000 This is something I have wondered about myself also.  All well and good to say that you can keep buying properties and funding the shortfall with increasing equity, but what sort of loans are we talking here?  From my limited experience with banks, even with a high salary, they won't lend you much more than 600-700k total because of s…[Read more]

]]> 7fc8865ef99261928b5116bfdbe6f1e2 Moosehead replied to the topic What would you do with your time??? in the forum Great thread. This is https://www.propertyinvesting.com/topic/4387323-what-would-you-do-with-your-time/page/2/#post-4557001 Mon, 18 Jun 2007 04:44:54 +0000 Great thread.This is something I think about just about every other day… and the main reason I am into property!A few days a week, I would get up at a reasonable hour and head over to my office and review my investments, look for new deals, basically keep my affairs in order.  It would be a small place, just with a assistant to take calls and…[Read more]

]]> 427fd0d54a0004039053c5cdf7024f55 Moosehead replied to the topic Finance while waiting for a sale to settle... in the forum Finance https://www.propertyinvesting.com/topic/4389916-finance-while-waiting-for-a-sale-to-settle/#post-4569307 Mon, 18 Jun 2007 00:57:06 +0000 Thanks for the responses.I suppose it would be a lot simpler if I just wait to settle!:impatient:

]]> a553b15b478bde85d6cda40da6fd6ce1 Moosehead replied to the topic I no longer want to be a slave................ in the forum Help Needed! https://www.propertyinvesting.com/topic/4389792-i-no-longer-want-to-be-a-slave/page/2/#post-4568428 Mon, 18 Jun 2007 00:35:02 +0000 Some interesting discussion here.If I may I would like to throw my hat into the ring.A couple of people have said that they don't think house prices will double within the next 7-10 years, as has been the trend over the last 25 years or so.  The argument given is that affordability will prevent prices from growing any further.I agree that…[Read more]

]]> 4d33e93982ba11f164f034b78862de15 Moosehead replied to the topic Is anyone doing it tough? in the forum General Property https://www.propertyinvesting.com/topic/4385170-is-anyone-doing-it-tough/page/2/#post-4545928 Wed, 03 May 2006 00:12:42 +0000 Hey Bruham,

Sorry if I came off a little strong, I guess I was venting a bit of transferred frustration built up from my encounters with the naysayers I have encountered since becoming a property investor :)

Didn’t realise you were only against borrowing against your own home. Not something I can really comment as I’m a renter (employer pays…[Read more]

]]> c8cce92e5394f28d12da198a33b46d9b Moosehead replied to the topic Is anyone doing it tough? in the forum General Property https://www.propertyinvesting.com/topic/4385170-is-anyone-doing-it-tough/page/2/#post-4545920 Fri, 28 Apr 2006 03:44:56 +0000 Well thanks for economics lesson F :) but I do appreciate the cyclic nature of economies and the somewhat inevitable process of growth & contraction. But to go as far to say that all debt is bad and borrowing against property is stupid, is where I disagree.

Edit (in reply to your edit…)
With regards ownership. I’m no lawyer and have no…[Read more]

]]> be64416cd1e199a7177e6a7b3772fec8 Moosehead replied to the topic Is anyone doing it tough? in the forum General Property https://www.propertyinvesting.com/topic/4385170-is-anyone-doing-it-tough/#post-4545918 Fri, 28 Apr 2006 01:52:18 +0000 I have always believed that there is no such thing as GOOD DEBT.
All debt is bad. Yes you can work a rort on your tax return.

But over all, you would be better off collecting full rent from your rentals,paying no bank interest (Oh GOD! how wonderful). Then paying some taxation.

At least with our taxes they might do some one some good. Or build…[Read more]

]]> d736095e5bbdfbfbb54874f613f171a4 Moosehead replied to the topic how does this IP sound in the forum Help Needed! https://www.propertyinvesting.com/topic/4385144-how-does-this-ip-sound/#post-4545757 Fri, 21 Apr 2006 07:51:42 +0000 I would advise against using cash to purchase the property if you are doing this for wealth creation.

Why? Real estate as an investment vehicle by itself is inferior to other vehicles (etc shares) over the long term. The only thing that makes it superior is the amount of leverage you can get on an RE investment.

If had 165k sitting around I…[Read more]

]]> 9591d7ad3d81e9c0e9092f80284a41d0 Moosehead replied to the topic CF+ Melbourne CBD worth BUYING now? in the forum Help Needed! https://www.propertyinvesting.com/topic/4384961-cf-melbourne-cbd-worth-buying-now/#post-4544725 Fri, 07 Apr 2006 07:57:18 +0000 shake the disease – I wonder if your opinions are backed by your own research or if you are just joining in with the crowd who bash melbourne CBD investing?

My opinion is that it COULD be a VERY GOOD investment. Reasons being (these are my opinions only of course):

1. The demand is there. Look at the forecast building starts VS underlying…[Read more]

]]> 0ddd403a2090eb38061a6aeee8c061ae Moosehead replied to the topic Book Review List in the forum Heads Up! https://www.propertyinvesting.com/topic/4370563-book-review-list/page/2/#post-4449076 Fri, 31 Mar 2006 04:45:17 +0000 I’ve also just read Michael Yardney’s book, and found it excellent. He presents an alternative to Steve’s +CF strategy which anyone trying to find +CF IPs should read. Michael also goes into the economics of the property cycle which I found very enlightening.

]]> c0c355805ba9b347e9b0774ba28e8f7f Moosehead replied to the topic Developers Calculator see online now in the forum Value Adding https://www.propertyinvesting.com/topic/4384548-developers-calculator-see-online-now/#post-4542763 Tue, 28 Mar 2006 22:29:54 +0000 Hi all… my first post after reading both steve’s books and michael’s in the last 3 weeks :D

Can anyone give a run down on the available off the shelf develoment calculators… features, cost etc?

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