PropertyInvesting.com | mpertile | Activity https://www.propertyinvesting.com/members/mpertile/activity/ Activity feed for mpertile. Sun, 12 Apr 2026 04:39:46 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 dac646c509d0006d7f0ece18eb6849bc mpertile replied to the topic Interest Rates Increase in the forum Finance https://www.propertyinvesting.com/topic/4397446-interest-rates-increase/#post-4609994 Tue, 06 Oct 2009 04:20:44 +0000 Any news on what our 4 best friends (the banks) are doing as yet?

]]> afd3ade45e497bcbb0f7645f32d433a7 mpertile replied to the topic Does anybody know much about the current stamp duty consessions in QLD? in the forum Help Needed! https://www.propertyinvesting.com/topic/4396352-does-anybody-know-much-about-the-current-stamp-duty-consessions-in-qld/#post-4604653 Wed, 03 Jun 2009 09:44:12 +0000 D'oh!Thanks for the advice Richard!

]]> 965faac45d5cc3a800daae78b99eb690 mpertile replied to the topic Does anybody know much about the current stamp duty consessions in QLD? in the forum Help Needed! https://www.propertyinvesting.com/topic/4396352-does-anybody-know-much-about-the-current-stamp-duty-consessions-in-qld/#post-4604651 Mon, 01 Jun 2009 09:48:06 +0000 Thanks Richard, I appreciate the advice.  Why is it that my wife qualifies and I don't?

]]> 7db830816b2bc63455d96160524ca0d5 mpertile replied to the topic The Good News Thread in the forum Opinionated! https://www.propertyinvesting.com/topic/4394989-the-good-news-thread/#post-4597028 Tue, 23 Dec 2008 01:56:14 +0000 Good point Richard – have you had any wins you've had lately in regards to your wraps in the other states?

]]> 7e379bb653356996121771fc1e6758e0 mpertile replied to the topic lease expired, Can a commercial tenant take fixtures and fittings that they have installed in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394894-lease-expired-can-a-commercial-tenant-take-fixtures-and-fittings-that-they-have-installed/#post-4596497 Thu, 11 Dec 2008 23:35:50 +0000 If they paid for it, why would you not let them take it??  I makes sense to me that if they paid for it, it's theirs…

]]> 8642583b27da3ffdb39d2fc09ac977bd mpertile replied to the topic Assistance required re change of name on PropertyTitle & Other info in the forum Help Needed! https://www.propertyinvesting.com/topic/4394880-assistance-required-re-change-of-name-on-propertytitle-other-info/#post-4596420 Mon, 08 Dec 2008 13:46:45 +0000 I've had to do his before – but the other way around (I had only my name on the contract and it needed my wife's name also).  My solicitor took care of it.  I wasn't a big deal at all, so talk to your solicitor.

]]> 734177784e245baebb73cbe9451cd6b7 mpertile replied to the topic Help! My boyfriend thinks this is a good investment. in the forum Help Needed! https://www.propertyinvesting.com/topic/4394188-help-my-boyfriend-thinks-this-is-a-good-investment/#post-4592670 Sun, 07 Dec 2008 23:32:18 +0000 Sorry Wobbles,We just couldn't find a reason for you that it would be a bad investement :-)good luck in your future ventures though!

]]> ac10c11efedaa28200b48f7ee59180fe mpertile replied to the topic Vendor Finance aka Rent to Buy in the forum Under investor HQ on this https://www.propertyinvesting.com/topic/4394875-vendor-finance-aka-rent-to-buy/#post-4596397 Sat, 06 Dec 2008 12:56:53 +0000 Under investor HQ on this website, check ou "Wraps" and "Lease-Options".  They are both types of vendor finance.  I have 2 properties wrapped at the moment and it works well.  The best place to get a contract drawn up is from/by a solicitor who is an expert in this type of deal.

]]> 279f90db85ee78f091780742944c871b mpertile replied to the topic Help! My boyfriend thinks this is a good investment. in the forum Help Needed! https://www.propertyinvesting.com/topic/4394188-help-my-boyfriend-thinks-this-is-a-good-investment/#post-4592668 Sat, 06 Dec 2008 02:55:14 +0000 Hi Wobbles,On the surface, this looks like a property I would buy if I didn't live so far away (I'm in QLD).  Of course more due diligence than just looking at photos would be required, but if it were to pass a building and pest inspection, it seems like a sound investment.  Strictly from looking at the photos you might spend $10k to tidy it up (…[Read more]

]]> c1e9e670602e618cb3d81eb977af4ca5 mpertile replied to the topic Interest Rates - How Low Will They Go??? in the forum General Property https://www.propertyinvesting.com/topic/4394776-interest-rates-how-low-will-they-go/#post-4595861 Tue, 02 Dec 2008 06:43:01 +0000 Wow!  We've just seen another 1% come off interest rates today.  Who else is excited by this?!

]]> 822d47e6c7beddf91a36ac93cbac96b1 mpertile replied to the topic Property now positive geared, is this good? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394833-property-now-positive-geared-is-this-good/#post-4596156 Sun, 30 Nov 2008 11:52:14 +0000 I'd take positive gear over negative gear any day!

]]> 718a373ec1e0bfc304de6f90a5ab00aa mpertile replied to the topic Interest Rates - How Low Will They Go??? in the forum General Property https://www.propertyinvesting.com/topic/4394776-interest-rates-how-low-will-they-go/#post-4595860 Sat, 22 Nov 2008 02:48:41 +0000 Hi Darth,Interest rates have dropped to encourage spending because no-one is.  How can spending be curved when it's already at it's lowest point for a long time?As far as our dollar goes, our economy thrived for over a decade when our dollar was downaround the 50-70 US cents mark.  It was only when our dollar jumped to almost $1 US that our e…[Read more]

]]> 772bd76640d85fab9664bdf421a88a01 mpertile replied to the topic Westoac Cut 65 Bps in the forum Finance https://www.propertyinvesting.com/topic/4394658-westoac-cut-65-bps/#post-4595287 Wed, 05 Nov 2008 11:38:21 +0000 nab announced 0.62% decrease

]]> 7d8f9469b0a4821408ccaa35e6cf5ac7 mpertile replied to the topic RBA Cuts rates by 0.75% more than expected in the forum Finance https://www.propertyinvesting.com/topic/4394650-rba-cuts-rates-by-0-75-more-than-expected/#post-4595214 Tue, 04 Nov 2008 06:43:06 +0000 jphlau wrote:
real clever strategy by CBA to cut only part of the variable rate so that other banks would not reduce it further.

 I was thinking the exact same thing – they were reluctant to come down the extra .2% last month (I think they were the last to do so), and I think they now want to set the trend, rather than reply to one.

]]> a4f3d752ee7d00194840afacbd440c1e mpertile replied to the topic Amateur reporting causing confusion and fear in the forum General Property https://www.propertyinvesting.com/topic/4394602-amateur-reporting-causing-confusion-and-fear/#post-4594978 Wed, 29 Oct 2008 14:26:05 +0000 I say "here here" to your comments bardon.  All this fear and hype is unneccessary.  The whole financial "crisis"  is due to fear – so rather than being responsible and easing the fear, and in turn easing the "crisis", the media is feeding it.  Shares are down because people are selling.  People are selling because they are scared of losing mone…[Read more]

]]> 5c164df70335e35d326855092eb22988 mpertile replied to the topic 'Due Diligence' clause in the sale contract. Whats that exactly? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394066-due-diligence-clause-in-the-sale-contract-whats-that-exactly/#post-4592086 Sun, 24 Aug 2008 04:10:28 +0000 No, they can use any reason.

]]> 5f691a2048df07e1c9aa90d232cb294c mpertile replied to the topic 'Due Diligence' clause in the sale contract. Whats that exactly? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394066-due-diligence-clause-in-the-sale-contract-whats-that-exactly/#post-4592084 Fri, 22 Aug 2008 23:49:04 +0000 It basically means that they want 14 days to check things out (check something with the council, do some numbers etc) and if as a result of their investigations the property doesn't stack up, then yes, it's a get out of contract free clause.  Usually the clause is placed there with the best intentions (I have used one in the past when buying),…[Read more]

]]> 06e27eac1f2e70b88afa42379a9ed3b6 mpertile replied to the topic Interest Rates Will Fall in the forum Help Needed! https://www.propertyinvesting.com/topic/4393910-interest-rates-will-fall/page/5/#post-4591313 Thu, 14 Aug 2008 07:16:50 +0000 I have to defend socialists here – socialists are not communists (Jesus was/is a socialist).I believe you can be a capitaist and a socialist at the same time – it's basically enterprise without greed, doing business with the greater good in mind, the win-win solution.  Unmester isn't attacking capitalists (I hope), he's attacking greed.I'm a…[Read more]

]]> f5e17aebad11087c4f3e62b8001ae02f mpertile replied to the topic Quick one for the accountants in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393960-quick-one-for-the-accountants/#post-4591630 Fri, 08 Aug 2008 05:59:02 +0000 I am not an accountant, but if you are borrowing against your investment property and using the money to inrpove the investment property, then yes the interest is tax deductible.

]]> 0abec9a978ede75fa408a466226eeba5 mpertile replied to the topic Help Please in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393919-help-please-17/#post-4591338 Fri, 01 Aug 2008 21:28:23 +0000 you might be able pull out of the contract, but there will be a penalty fee if you do seeing as you've gone unconditional.  Look over the contract to see what that fee might be, and get some legal advice.  You will then have to weigh up whether it's better to pay that penalty fee or just go through with the contract….

]]> 6f5062498f61b6b449b053e26c4a1081 mpertile replied to the topic Interest Rates Will Fall in the forum Help Needed! https://www.propertyinvesting.com/topic/4393910-interest-rates-will-fall/#post-4591235 Fri, 01 Aug 2008 21:22:56 +0000 Scamp wrote:

mpertile wrote:
And the price of oil (and petrol) is so high, why?  Because there's a shortage on the world market…

Wrong. There's plenty of oil. Speculation drove oil prices up , not 'shortage'. Basically, the exact same thing that happened to housing. Speculation drove those prices up also, not shortage. There's no shortage o…[Read more]

]]> 987930b2693fabaa9d50d01a168a6376 mpertile replied to the topic Interest Rates Will Fall in the forum Help Needed! https://www.propertyinvesting.com/topic/4393910-interest-rates-will-fall/#post-4591229 Fri, 01 Aug 2008 07:11:53 +0000 By the way, i think interest rates will go down, but whether or not the banks pass that on might be a different story.  At least if the RBA lowers interest rates, and if the banks don't pass that on, then they're very unlikely to go up any futher, unless the banks want a full – scale riot!  Can you picture that, RBA lowers interest rates, ban…[Read more]

]]> 9441a8209a9a2fa8ca4c1daf3a1fed1f mpertile replied to the topic Interest Rates Will Fall in the forum Help Needed! https://www.propertyinvesting.com/topic/4393910-interest-rates-will-fall/#post-4591228 Fri, 01 Aug 2008 07:07:17 +0000 Don't forget that the USA is fighting a war they can't afford to fight (averaging about $90 billion per year for the last 6 years, with an estimated flow on $2 trillion cost to the US economy), so there are other factors at play other than interest rates with the economy in the US.  Australia's govt is using it's money more wisely, hence we are…[Read more]

]]> d80415799ec76dd7a809f5e8ce9cfc2f mpertile replied to the topic Government Shared Equity. in the forum Help Needed! https://www.propertyinvesting.com/topic/4393872-government-shared-equity/#post-4591088 Mon, 28 Jul 2008 10:50:14 +0000 Do they have this in QLD – can't seem to find any info on the net about this being offered in QLD, so I am assuming not, but thought it wouldn't hurt to ask

]]> 5460f21f12092f78c8950bbe1b4535e3 mpertile replied to the topic Renting a home from yourself in the forum Help Needed! https://www.propertyinvesting.com/topic/4393856-renting-a-home-from-yourself/#post-4591023 Sun, 27 Jul 2008 12:35:00 +0000 I was looking at this option in buying a PPOR, but it's no worth it unless the trust is making money aside from your PPOR, as you can't negatively gear in a trust.  If the trust is making money, then it's probably from other assets and as mentioned before in this topic, you don't have the asset separation – you could pay rent to the trust to cove…[Read more]

]]> 515b21d156c282efc23a7881ed4093de mpertile replied to the topic Where Can I Advertise For Private Sale in the forum General Property https://www.propertyinvesting.com/topic/4393838-where-can-i-advertise-for-private-sale/#post-4590953 Thu, 24 Jul 2008 07:07:35 +0000 http://www.yourestate.com.au/

]]> 8bdaf6937648bdb304af2387ca0fc746 mpertile replied to the topic An Idea to Help Make Homes More Affordable for Home Owners in the forum Opinionated! https://www.propertyinvesting.com/topic/4393789-an-idea-to-help-make-homes-more-affordable-for-home-owners/#post-4590686 Tue, 22 Jul 2008 12:50:30 +0000 JL – I see your point, let's say we added to this example a method of having the the $7k FHOG means tested,  so that in an example like yours the initial assistance is there in extreme cases, but as yarpos said, the bulk of people are in the middle, and allowing them to tax deduct their interest would be much more financially beneficial than $7…[Read more]

]]> 09d0a0e62e3c7b3bdb45a37bdfa5d8ff mpertile replied to the topic An Idea to Help Make Homes More Affordable for Home Owners in the forum Opinionated! https://www.propertyinvesting.com/topic/4393789-an-idea-to-help-make-homes-more-affordable-for-home-owners/#post-4590683 Sat, 19 Jul 2008 13:18:09 +0000 Hmmm….that's a good point in regards to the rich taking advantage of this, but I don't see how it's a worse deal than present for those on low incomes?  Please elaborate….

]]> f0715dd15d24e87bbc41e7ffb2d7088d mpertile replied to the topic home buyers grant in the forum Finance https://www.propertyinvesting.com/topic/4393771-home-buyers-grant/#post-4590491 Thu, 17 Jul 2008 04:26:44 +0000 all quetions answered here:http://www.firsthome.gov.au/

]]> 1e5da8ca7fb06c2198a5182c03e443e8 mpertile replied to the topic Australian Property the dearest? in the forum Opinionated! https://www.propertyinvesting.com/topic/4393639-australian-property-the-dearest/#post-4589759 Thu, 17 Jul 2008 04:12:16 +0000 Don't forget that wages are alot higher in the UK also. A job that you're paid $50k here would have a wage of about ?50k over there (of course this is not always the rule, but pretty close).  The Aus dollar is worth about 48pence at the moment, making salaries in the UK about double what they are here.  That being the case, you would have to l…[Read more]

]]> cee89dade5b47f7e345cbf89eae0c7a1 mpertile replied to the topic Advice Wanted in the forum Help Needed! https://www.propertyinvesting.com/topic/4393738-advice-wanted-2/#post-4590317 Mon, 14 Jul 2008 14:58:58 +0000 How, 200k equity on a 440k property ain't bad.  Sounds like good advice – but make sure you DO NOT NEGATIVELY GEAR!  You may be sold the benefits of "saving tax", but remember you only save tax when you lose money!  (for example you spend $100 on interest and you get $40 of that back in tax – you're still $60 behind).  Do your numbers and buy a s…[Read more]

]]> 870e58d8f31007dade4a599c0aa73d7c mpertile replied to the topic Good or Bad return , Number crunching /opinion /help in the forum Help Needed! https://www.propertyinvesting.com/topic/4393709-good-or-bad-return-number-crunching-opinion-help/#post-4590171 Sat, 12 Jul 2008 14:23:43 +0000 Scamp, your kind of input doesn't help anybody, maybe except for yourself.Do you feel better about yourself now that you've put someone else down?

]]> e98dcf44c4dfef31c9b3613bd45e9805 mpertile replied to the topic What are my options in the forum Finance https://www.propertyinvesting.com/topic/4393692-what-are-my-options-4/#post-4590085 Sat, 12 Jul 2008 14:11:34 +0000 I asked the commonwealth bank about how much expected rental income they take into consideration when calculating serviceability, they said 80%, does this vary from bank to bank?This is pretty standard, unless you want to pay mortgage insurance, but remember, this is 80% LVR of your PPOR and your investment property put together…I just reread…[Read more]

]]> 204541e3a11d2e120f1ff21befcc364e mpertile replied to the topic What are my options in the forum Finance https://www.propertyinvesting.com/topic/4393692-what-are-my-options-4/#post-4590084 Sat, 12 Jul 2008 14:05:36 +0000 How much does it cost to have my property valued, I understand that a bank can appoint one on there behalf or I could get a private valuer, is this correct?Speaking from personal experience, all I have to do is tell my bank I am looking to buy another property and that I want to use my current property as security and they'll go out and value it…[Read more]

]]> 3c1fa3488018f92891ea3689ba9caf7a mpertile replied to the topic What are my options in the forum Finance https://www.propertyinvesting.com/topic/4393692-what-are-my-options-4/#post-4590079 Thu, 10 Jul 2008 00:39:47 +0000 If I was to find a Really good deal on an investment property would the banks be more inclined to approve finance? Eg. I found a foreclosure for 250k worth 500kThe bank will only take into account the purchase price on the contract as marked price, no matter how much the 'real' market price is.  You really need to try to get yourself into a…[Read more]

]]> 42344d3b58275f0fb1b6f3467811f3ab mpertile replied to the topic dad wants to be partner on a investment property How to add his name on title deeds in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393697-dad-wants-to-be-partner-on-a-investment-property-how-to-add-his-name-on-title-deeds/#post-4590098 Wed, 09 Jul 2008 05:12:06 +0000 Try a Joint Venture agreement, which basically sets him up as a partner to the investment and you can then nominate whether it's a 50-50 split, 60-40 split of profits and costs etc.  Talk to a solicitor who knows this sort of stuff and they could draft an agreement for you.  As far as the titles office and your lender is conerned, the title wil…[Read more]

]]> 45fc5bdae64af9a2a6d2d21cfe01d054 mpertile replied to the topic When the seller won't negotiate... in the forum Help Needed! https://www.propertyinvesting.com/topic/4393698-when-the-seller-wont-negotiate/#post-4590101 Wed, 09 Jul 2008 05:03:00 +0000 I agree fully with Mick.  If the seller won't negotiate and you don't think the property is worth what you are paying – walk away

]]> 221b2a5363ddfd8d96c90b745002c4e8 mpertile replied to the topic What do i need to look for in the forum Help Needed! https://www.propertyinvesting.com/topic/4393685-what-do-i-need-to-look-for/#post-4590036 Mon, 07 Jul 2008 04:53:22 +0000 My advice is to buy property that you know is a good deal and a good investment in today's market, not based on what might happen if there happened to be a boom, especially in today's market.  You make money on a property when you buy, not when you sell.

]]> eb59f10279c9a2a6df96ee7a00066796 mpertile replied to the topic Cranky.. in the forum Help Needed! https://www.propertyinvesting.com/topic/4393659-cranky/#post-4589914 Mon, 07 Jul 2008 04:50:05 +0000 I guess check with your solicior and see if they can demand that you not advertise it, if they can, then unfortunately you have to cop it.  If not, stand your ground and keep the ads running, it's not like they can pull out of the sale!

]]> f6c8dcd3012bc707f20e5e7b0d18e0b7 mpertile replied to the topic Cranky.. in the forum Help Needed! https://www.propertyinvesting.com/topic/4393659-cranky/#post-4589912 Mon, 07 Jul 2008 00:15:14 +0000 Tugger,This is their property until settlement and you have to repect their decision, whether you agree with it or not, early access is their decision to make. As far as the advertising goes, I'm sure if you advertised it saying that it's not available until after the date of settlement, then there shouldn't be a problem, you can just make up a…[Read more]

]]> 910973eeab32bcaf99b39ad2498bcf15 mpertile replied to the topic how is possible still get positive gear property in the forum General Property https://www.propertyinvesting.com/topic/4393532-how-is-possible-still-get-positive-gear-property/#post-4589154 Sun, 06 Jul 2008 11:38:23 +0000 Think outside the square – if you want cashflow positive property, read steve's bit on lease options, under "investor HQ".  Buy low and sell higher (usually a little higher than market value).  Lease options are really a low-doc loan from you to the buyer, so you can charge a higher interest rate than you are paying to the bank – that's where y…[Read more]

]]> edecf9841e59216a568f64eed683809e mpertile replied to the topic How to invest with a mate, when one has FHOG? in the forum I invest with an investing https://www.propertyinvesting.com/topic/4393680-how-to-invest-with-a-mate-when-one-has-fhog/#post-4590027 Sun, 06 Jul 2008 11:28:51 +0000 I invest with an investing partner and we have a joint venture agreement drawn up by a solicitor to outline everything – we then do a partnership return at tax time and everything is split 50-50.  You can even do up a JV agreement between trusts. Although it sounds complex to set up, it makes things very simple down the track as each parnter…[Read more]

]]> 8b5eabfe5d7e20c8ebc940caa6eb2e94 mpertile replied to the topic Diverting rental income from properties in my personal name into a trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393647-diverting-rental-income-from-properties-in-my-personal-name-into-a-trust/#post-4589820 Fri, 04 Jul 2008 00:11:28 +0000 Sorry, I meant corporate beneficiary (or if the capital gain is distributed to the corp beneficiary) – 7.33pm is obviously too late for my brain to function properly… 

]]> 3e6408b77ffc3c623a752ad2e29d56d0 mpertile replied to the topic Diverting rental income from properties in my personal name into a trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393647-diverting-rental-income-from-properties-in-my-personal-name-into-a-trust/#post-4589818 Thu, 03 Jul 2008 09:33:59 +0000 I already managed to have them agree to waive almost $10,000 in LMI, so I won't push my luck…I'm considering a corp trustee, but don't need it yet – maybe down the track.  Also, no 50% capital gains tax discount with a corporate trustee…

]]> 72dc7c0244f03df449548afa34374b0f mpertile replied to the topic Diverting rental income from properties in my personal name into a trust in the forum Thanks Richard, these https://www.propertyinvesting.com/topic/4393647-diverting-rental-income-from-properties-in-my-personal-name-into-a-trust/#post-4589816 Thu, 03 Jul 2008 08:57:11 +0000 Thanks Richard, these properties are positively geared, so the negative gearing thing isn't an issue – and the bank has everyhting under control re the lending, I am still getting a professional package with a low interest rate – I insisted on it.You are right about the perusal fee though – $350!! But after already paying for the trust, what ch…[Read more]

]]> f0aa1fa0c2313e4e9ebf49f4c71be845 mpertile replied to the topic Diverting rental income from properties in my personal name into a trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393647-diverting-rental-income-from-properties-in-my-personal-name-into-a-trust/#post-4589814 Thu, 03 Jul 2008 08:26:21 +0000 I didn't think so – just thought I'd ask just in case  :)And I am talking about a DFT…Thanks heaps for your input Richard!

]]> 2ce2046a763e902ead1979235594c148 mpertile replied to the topic sold property last fin year, still receivedincome this fin year in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393642-sold-property-last-fin-year-still-receivedincome-this-fin-year/#post-4589784 Thu, 03 Jul 2008 07:23:14 +0000 I'm not sure bond is technically income, as you either keep it to pay for damages, or it's given back to the renter, so it would probably have to be incuded in your 07/08 return to offset the cost of your repairs for the damages…Check with your acocuntant though…

]]> 3172bf1390463b1388b964c19bedb16d mpertile replied to the topic Buyers wants to terminate Cash Unconditional Contract due to misrepresentation on Building Envelope Size in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393645-buyers-wants-to-terminate-cash-unconditional-contract-due-to-misrepresentation-on-building-envelope-size/#post-4589806 Thu, 03 Jul 2008 07:18:57 +0000 As far as I'm aware, unless it's stated as a condition on the contract that they require the council to approve a 1000sqm building envelope, then they cannot terminate the contract, of course unless they were misled by either you or the agent.  All that being said, you only have a legal recourse in this situation, so you can either decide to let t…[Read more]

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