PropertyInvesting.com | Naremburn123 | Activity https://www.propertyinvesting.com/members/naremburn123/activity/ Activity feed for Naremburn123. Wed, 15 Apr 2026 02:53:42 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 d4caa00eb534283417c0171977926390 Naremburn123 replied to the topic GCT on PPR in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4408596-gct-on-ppr-2/#post-4685384 Tue, 29 Jan 2013 23:49:27 +0000 Thanks for your response Terry. Well here is the problem. We didn't actually live there for the first 6 months. We only directed our mail there. My concern is the ATO could contact the electricity company and get confirmation that another account(name) was registered at that address at the time? Am I being paranoid?

Thanks again for all your…[Read more]

]]> e0fcc191e2864e778c1b385df346f9a5 Naremburn123 replied to the topic Bank valuations on granny flats in the forum Finance https://www.propertyinvesting.com/topic/4404959-bank-valuations-on-granny-flats/#post-4657328 Thu, 13 Oct 2011 11:11:12 +0000 Thanks shape. I’ll be using 120,000 from a loc to fund the 20 per cent deposit and the closing costs plus the granny flat. So once the granny flat is constructed I’ll have 120,000 of my own cash in the deal. I’ll have a stand alone loan for 172,000 on the house. That’s why I’ll need a revaluation. So say it comes back at 290,000 with the granny I…[Read more]

]]> 0790d90b62559d65e34cd75d462e8dfa Naremburn123 replied to the topic Fixed v Variable in the forum Finance https://www.propertyinvesting.com/topic/4404931-fixed-v-variable/#post-4657165 Thu, 13 Oct 2011 04:47:04 +0000 Thanks guys, And Petria, 5.94 sounds incredible. Are there any tricky conditions attached?

]]> 1940e5ff6b056979f5bb6d39e94a5d5d Naremburn123 replied to the topic Converting a garage to granny flat in Sydney - can it be done?? in the forum General Property https://www.propertyinvesting.com/topic/4404849-converting-a-garage-to-granny-flat-in-sydney-can-it-be-done/#post-4656700 Tue, 11 Oct 2011 11:45:38 +0000 Hey guys, I had another question. Luke, you said you don't need approval under the sepp affordable housing act. This is true. But you're only allowed 40sqm detached and and 60 if it's attached. What constitutes attached??  

]]> 7c88f9f4ba93531413ce88d5bfb51539 Naremburn123 replied to the topic Trust structure vs Company in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404928-trust-structure-vs-company/#post-4657140 Mon, 10 Oct 2011 08:43:41 +0000 Thanks for that advice guys. These were my thoughts and I'm sure you'll correct me. 1 – If I buy in a company structure. The profits held in the company are taxed at 30%.These funds can then be used for future purchases etc. If I need to access some of the cashflow, I can then distribute that money to myself or my wife etc in the form of emp…[Read more]

]]> 28e63d05f44c6a30cba23fd801404bf2 Naremburn123 replied to the topic Converting a garage to granny flat in Sydney - can it be done?? in the forum General Property https://www.propertyinvesting.com/topic/4404849-converting-a-garage-to-granny-flat-in-sydney-can-it-be-done/#post-4656696 Wed, 05 Oct 2011 11:23:45 +0000 Great thanks guys! I've looked into it and as some of you have alluded to, it's very difficult. Does anyone know where I could buy a second hand granny flat to keep the cost down? Or could you recommend a cheap granny flat provider? Thanks for all the great feedback.

]]> bb062696bd8ef9f809640599a7fb95f3 Naremburn123 replied to the topic Converting a garage to granny flat in Sydney - can it be done?? in the forum General Property https://www.propertyinvesting.com/topic/4404849-converting-a-garage-to-granny-flat-in-sydney-can-it-be-done/#post-4656693 Tue, 04 Oct 2011 23:52:34 +0000 Great thanks guys! I appreciate all the feedback. Dean

]]> eff965fefd64ee656e650c298ff8908e Naremburn123 started the topic Converting a garage to granny flat in Sydney - can it be done?? in the forum General Property https://www.propertyinvesting.com/topic/4404849-converting-a-garage-to-granny-flat-in-sydney-can-it-be-done/ Thu, 29 Sep 2011 22:44:25 +0000 Hi Guys,

I'm looking at property at the moment that has a detached double garage. It's around 45sm.

I'd like to convert it to a studio apartment/granny flat. Just with a simple kitchen and bathroom and one small room.

BUT is this legal??

Will councils in NSW allow it?

Do I need their permission?

And how do I insure the property? Will…[Read more]

]]> 8770f8bdccfb84ddd5031ba517c327e0 Naremburn123 started the topic Converting a garage to granny flat in Sydney - can it be done?? in the forum General Property https://www.propertyinvesting.com/topic/4404849-converting-a-garage-to-granny-flat-in-sydney-can-it-be-done/ Thu, 29 Sep 2011 22:44:25 +0000 Hi Guys,

I'm looking at property at the moment that has a detached double garage. It's around 45sm.

I'd like to convert it to a studio apartment/granny flat. Just with a simple kitchen and bathroom and one small room.

BUT is this legal??

Will councils in NSW allow it?

Do I need their permission?

And how do I insure the property? Will…[Read more]

]]> c6f2830493f22e1d654ffb74574668e2 Naremburn123 replied to the topic JV with land owner - Advice needed! in the forum General Property https://www.propertyinvesting.com/topic/4404401-jv-with-land-owner-advice-needed/#post-4653488 Mon, 08 Aug 2011 07:12:47 +0000 Thanks Terry, Some great thoughts there. With the first two options, would the owner have to pay any CGT?. One property(they're side by side) is already his PPR . If we're transfering the properties to a new entity, but he's not selling them, then he can't be liable for CGT? Is that right? Also with this option – Get the owner to do it all on his…[Read more]

]]> 8b4adc0c0424ea6c9af0bd4b87bc3260 Naremburn123 replied to the topic JV with land owner - Advice needed! in the forum General Property https://www.propertyinvesting.com/topic/4404401-jv-with-land-owner-advice-needed/#post-4653487 Mon, 08 Aug 2011 07:12:43 +0000 Thanks Terry, Some great thoughts there. With the first two options, would the owner have to pay any CGT?. One property(they're side by side) is already his PPR . If we're transfering the properties to a new entity, but he's not selling them, then he can't be liable for CGT? Is that right? Also with this option – Get the owner to do it all on his…[Read more]

]]> 437d8ba89af67f89e065ab64f0f2e4f8 Naremburn123 replied to the topic SEPP Senior living - Tricky question! in the forum Help Needed! https://www.propertyinvesting.com/topic/4404326-sepp-senior-living-tricky-question/#post-4653032 Mon, 01 Aug 2011 02:04:33 +0000 Thanks for that feedback guys. Very helpful. And Steve, I agree with your sentiments and think that a town planner might be the way to go in terms of getting a definite answer. Cheers guys Naremburn

]]> 10b7603d71073184257341815a8ec3d5 Naremburn123 replied to the topic Trust V Company in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4403295-trust-v-company/#post-4645553 Tue, 12 Apr 2011 08:36:32 +0000 Ok great. Thanks guys!

]]> 1f570dca11471af2269f11cc4ebcedd4 Naremburn123 replied to the topic Trust V Company in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4403295-trust-v-company/#post-4645550 Tue, 12 Apr 2011 06:19:43 +0000 Thanks a lot guys! That was very helpful. One last question to clarify trusts. Say I'm using a family trust. The trust buys a property, I develop it and make $100,000 profit. Does this profit sit in the trust? Untaxed? Until it is dispersed? and then it's taxed at marginal rates? So In theory you could do many deals and leave the profit in the…[Read more]

]]> 6508cdec35fe1d3eb5b45b86361cdd93 Naremburn123 replied to the topic Trust V Company in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4403295-trust-v-company/#post-4645545 Sat, 09 Apr 2011 08:50:05 +0000 Thanks MR501, I really appreciate you taking the time to write back. Cheers

]]> 4651d375782aa07932ca26d23dadb458 Naremburn123 replied to the topic Are principle repayments tax deductible? in the forum Great, thanks for that https://www.propertyinvesting.com/topic/4403143-are-principle-repayments-tax-deductible/#post-4644081 Fri, 25 Mar 2011 03:13:03 +0000 Great, thanks for that Derek.

]]> d39f29d4e4cb8f762c9da12e351930b9 Naremburn123 replied to the topic Off the plan apartments in the forum Help Needed! https://www.propertyinvesting.com/topic/4402518-off-the-plan-apartments/#post-4640050 Fri, 21 Jan 2011 02:39:14 +0000 Great. Thanks Jamie, I really appreciate you taking the time to provide that feedback.

]]> f4d3d256ca929c9a68dfb88d1e3a4c92 Naremburn123 replied to the topic House relocation in the forum General Property https://www.propertyinvesting.com/topic/4401697-house-relocation/#post-4635137 Mon, 08 Nov 2010 09:43:01 +0000 Hi Bronwyn, Thanks a lot for your help. That's great! Dean

]]> 4ea7be8d369960cccb101ca6230332fb Naremburn123 replied to the topic RBA in the forum Finance https://www.propertyinvesting.com/topic/4401737-rba/#post-4635337 Tue, 02 Nov 2010 11:43:53 +0000 Hey guys, Yep I think this will really slow the market down. And if the other big 3 follow with their own rate hikes it could get really interesting. Especially in the mortgage belt areas like Sydney's outer west. I was checking our rates from a few years ago, and people were getting loans at 5% SVR. Now we're 2% higher. That's huge for the…[Read more]

]]> 2dd7bbe1b53a2b1ee8f8116f2db83f05 Naremburn123 replied to the topic Neg Gearing on development deal in the forum Thanks for taking the time https://www.propertyinvesting.com/topic/4401724-neg-gearing-on-development-deal/#post-4635280 Tue, 02 Nov 2010 11:04:05 +0000 Thanks for taking the time to provide feedback guys. And Terry, I'll look into what you were talking about. Cheers Dean

]]> 8a059a6f4bd410a8a718b4c46a9f3c79 Naremburn123 replied to the topic House relocation in the forum General Property https://www.propertyinvesting.com/topic/4401697-house-relocation/#post-4635135 Mon, 01 Nov 2010 05:58:34 +0000 Thanks a lot top rental returns. Do you know of any companies that do the moving at all?

]]> 6de7fe964eecc606d25539bd81075c92 Naremburn123 replied to the topic 0 to130 or 0 to 260+ ? in the forum Heads Up! https://www.propertyinvesting.com/topic/4401686-0-to130-or-0-to-260/#post-4635079 Wed, 27 Oct 2010 21:52:22 +0000 Hi Snowy, I've read both, and 0-260 is probably better for now.

]]> 04bd01ac9a75b0e6b29f53483b958a9e Naremburn123 replied to the topic Loan Structures for IP and LOC on PPOR in the forum Finance https://www.propertyinvesting.com/topic/4401470-loan-structures-for-ip-and-loc-on-ppor/#post-4633848 Sat, 23 Oct 2010 08:13:02 +0000 Hi Guys, I had a question. Why is the LOC needed?. Could you just use the eqity from the PPR as a direct deposit for the IP. So instead of having interest from the LOC(which is used for investment) and the Interest from the IP both being tax deductible, you would just have one interest payment for the IP that would be tax deductible (assuming its…[Read more]

]]> 49ac0ecf97bebef9eadc26707350f631 Naremburn123 replied to the topic Sell IPs and pay out PPOR loans ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401566-sell-ips-and-pay-out-ppor-loans/#post-4634279 Wed, 20 Oct 2010 00:16:05 +0000 I'd try and hold on to them. Just imagine what they'll be worth in another ten years! Have you looked into all your options for getting more funds? Are you using a broker? or just approaching each bank yourself?

]]> b712572bec558735ba69253e7ce14c47 Naremburn123 replied to the topic GST on development in the forum Finance https://www.propertyinvesting.com/topic/4401519-gst-on-development/#post-4634147 Sun, 17 Oct 2010 21:51:40 +0000 Great thanks for all your help guys!

]]> 7531e7c741dd49200c0b15eb66859811 Naremburn123 replied to the topic GST on development in the forum Finance https://www.propertyinvesting.com/topic/4401519-gst-on-development/#post-4634144 Sat, 16 Oct 2010 23:28:25 +0000 Great thanks Terry, You spoke of exemptions for main residences, could I claim I planned to live in one of them? and only pay GST on the other. For example, would someone who built a new home as their PPOR, and then sold six months later, be liable for GST. Sorry if I'm labouring the point, as I know you did say there were exemptions for main…[Read more]

]]> 7643944509c6f21dc53de3851b5af018 Naremburn123 replied to the topic Can not get a $300k loan on my $3M rural property that i own outright in the forum Help Needed! https://www.propertyinvesting.com/topic/4401504-can-not-get-a-300k-loan-on-my-3m-rural-property-that-i-own-outright/#post-4634072 Sat, 16 Oct 2010 11:36:48 +0000 Also, Perhaps if you have children, one of them could go gaurentuer? Even without the farm, you have properties that have value, and perhaps with a gaurentuer, that could help? Just a suggestion.

]]> ec34f0384095548a44fd224d38695cae Naremburn123 replied to the topic Can not get a $300k loan on my $3M rural property that i own outright in the forum Help Needed! https://www.propertyinvesting.com/topic/4401504-can-not-get-a-300k-loan-on-my-3m-rural-property-that-i-own-outright/#post-4634071 Sat, 16 Oct 2010 11:31:36 +0000 Hi treborsuj, Would it be possible to subdivide part of the land? Is there any part of  the land that isn't used for farming? You could sell that part off to help with funding?

]]> 2516f102b80590f07f44c5f95793651a Naremburn123 replied to the topic Manage my own investment property? in the forum General Property https://www.propertyinvesting.com/topic/4401471-manage-my-own-investment-property/#post-4633862 Sat, 16 Oct 2010 11:23:35 +0000 Hi Manic, I think you should at least give it a go. My sister and I have managed 2 IP's for years and never had problems. Ultimately when there's big problems, you have to deal with them anyway even when you have a property manager. You can get a residential tenancy kit from most newsagents, which has the lease agreement, property condition form…[Read more]

]]> cfac8b1b5b77a5b64feddd5c3ae5e5ff Naremburn123 replied to the topic Turning investment property into PPOR & getting it valued in the forum Help Needed! https://www.propertyinvesting.com/topic/4401486-turning-investment-property-into-ppor-getting-it-valued/#post-4633945 Wed, 13 Oct 2010 09:17:37 +0000 Hi Guys, Terry is it true that if you buy a property, which is your PPOR, then say at some point (say 2 years later) it becomes an investment property. You don't have to pay any CGT(if you sold it) for six years after you lived in it? Your thoughts? Dean

]]> a6d854aeaaef9fea93c6badf16f37c52 Naremburn123 replied to the topic Turning investment property into PPOR & getting it valued in the forum Help Needed! https://www.propertyinvesting.com/topic/4401486-turning-investment-property-into-ppor-getting-it-valued/#post-4633944 Wed, 13 Oct 2010 09:17:34 +0000 Hi Guys, Terry is it true that if you buy a property, which is your PPOR, then say at some point (say 2 years later) it becomes an investment property. You don't have to pay any CGT(if you sold it) for six years after you lived in it? Your thoughts? Dean

]]> 0259b96d4e9f23b50739d3c10257b007 Naremburn123 replied to the topic Overcoming Serviceability issues in the forum Finance https://www.propertyinvesting.com/topic/4401437-overcoming-serviceability-issues/#post-4633694 Tue, 12 Oct 2010 09:38:25 +0000 Hi guys, Certainly not. That was just my understanding. I thought by approaching another lender, under a trust structure you may be able to secure more funds?

]]> ce22028006db4f55a5dc0e1b9daf0270 Naremburn123 replied to the topic Overcoming Serviceability issues in the forum Finance https://www.propertyinvesting.com/topic/4401437-overcoming-serviceability-issues/#post-4633689 Tue, 12 Oct 2010 09:13:09 +0000 Hi Guys, JXF and Unreal, another option that works for some people is starting a trust and then approaching another bank to lend you money. People usually use funds from an LOC from the first bank or some cach as the deposit. This can work because banks view trusts differently and more interested in whether you can service the debt and not whether…[Read more]

]]> 3856f3f7de6412030686e83328720d63 Naremburn123 replied to the topic Building 44 Units in the forum Commercial Property https://www.propertyinvesting.com/topic/4401476-building-44-units/#post-4633888 Tue, 12 Oct 2010 08:22:03 +0000 Yes It could be possible especially with all the equity you have in the land. I might be ably to help you. Shoot me an email at dean.potter1@gmail.comCheers Dean

]]> 1b95a93d52175167a78a43fb30bc23ca Naremburn123 replied to the topic Multi Property Finance problem in the forum Hi Kkatlea, I know a https://www.propertyinvesting.com/topic/4398731-multi-property-finance-problem/#post-4616798 Tue, 09 Mar 2010 11:30:55 +0000 Hi Kkatlea, I know a mortage innovator who is very good. Great knowledge and lot's of experience with helping investors. He writes loans for the Comm bank and is good at getting stuff across the line. If you want his details just shoot me an email at dean.potter1@gmail.com and I'll pass them. Good luck! Dean

]]> d8e8eb1e4aefef30b706178c65993a4c Naremburn123 replied to the topic Loan Structure in the forum Help Needed! https://www.propertyinvesting.com/topic/4398860-loan-structure-9/#post-4617602 Tue, 23 Feb 2010 12:34:25 +0000 Hi guys, Would someone be able to explain what you mean about "splitting loans" ? Loan 1 $437,000Loan 2 (new split secured on PPOR) = $560k x 80% – $437k = $11,000 – Is this like an LOC on the the loan??  As in the $11,000 is available to draw down at any time? Or is it actually another loan? If someone could explain that would be great! Loan 3…[Read more]

]]> 6799e6082485f986a1620e191415fedb Naremburn123 replied to the topic Loan Structure in the forum Help Needed! https://www.propertyinvesting.com/topic/4398860-loan-structure-9/#post-4617597 Tue, 23 Feb 2010 11:23:21 +0000 No worries captain M. Well if you do want a second opinion give Andrew Griffiths a call on 0402294429. He used to work for the Comm bank so is pretty cluey about how to set things up.If you do call, just explain how you got the number. Cheers Dean

]]> 24b7a02bc2476762436165065d08cfae Naremburn123 replied to the topic Multi Property Finance problem in the forum Hi Steve, I feel your pain! https://www.propertyinvesting.com/topic/4398731-multi-property-finance-problem/#post-4616795 Tue, 23 Feb 2010 00:19:31 +0000 Hi Steve, I feel your pain! I've just had to sell a commercial property to free up funds. You could also form a trust and then approach another bank, as the new bank will view your debt differently to your current one. My new broker is very good with structure so if you want some advice he'd probably be happy to talk to you. Dean

]]> 97e4e7d02033f2161d06bdfaca96920e Naremburn123 replied to the topic Loan Structure in the forum Help Needed! https://www.propertyinvesting.com/topic/4398860-loan-structure-9/#post-4617594 Tue, 23 Feb 2010 00:09:16 +0000 I agree with Terry, You shouldn't need to cross collateralise to access the cash and it will really bite you down the track if you want to sell on of the properties or use the equity the banks can get a bit iffy. Have you thought of getting another opinion. My mortgage broker very good with structuring and explaining the ramifications of it all. I…[Read more]

]]> 613c4e0661ddcc0380974a9118e7a5de Naremburn123 replied to the topic Investment property in the forum Help Needed! https://www.propertyinvesting.com/topic/4398863-investment-property-9/#post-4617627 Mon, 22 Feb 2010 23:53:10 +0000 Hey James, I agree with Sonya. But once you know your budget I think Chippendale in Sydney's inner city is a great spot. I've just bought a 3 bedroom apartment there for 540,000 and it's renting at 800 a week. It's close to 2 universities the city, and the old CUB site is being developed with new apartments going in so the whole area is going to…[Read more]

]]> 06052a8effdd5167e56dc29aa8ffc4e7 Naremburn123 replied to the topic RESULTS Web Site unavaliable in the forum Site Problems / Feedback https://www.propertyinvesting.com/topic/4393387-results-web-site-unavaliable/#post-4588425 Sun, 01 Jun 2008 11:50:22 +0000 Yep I couldn't get on either.

]]>