PropertyInvesting.com | naughtyj | Activity https://www.propertyinvesting.com/members/naughtyj/activity/ Activity feed for naughtyj. Wed, 15 Apr 2026 10:05:56 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 0a8b2da03ff61e4705253de35de7cbff naughtyj replied to the topic Foreclosures - will we actually see another drop in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406249-foreclosures-will-we-actually-see-another-drop/page/3/#post-4666878 Sun, 03 Jun 2012 07:57:52 +0000 emma171 wrote:
Naughtyj…. ZERO question – in the US – no harm no foul on a primary residence… off you go, default away and 2-3 years later, with a bankruptcy AND a foreclosure you are right as rain to get a BRAND NEW FHA LOAN AT 4%!!! YAY!!!!In Oz… get real… no chance you can walk awayHowever, dear US investors PLEASE be aware that the…[Read more]

]]> bb1db4792f2c69203671cbb2fb8eba52 naughtyj replied to the topic Foreclosures - will we actually see another drop in the forum Overseas Deals https://www.propertyinvesting.com/topic/4406249-foreclosures-will-we-actually-see-another-drop/page/3/#post-4666874 Sun, 03 Jun 2012 03:03:45 +0000 jayhinrichs wrote:
DO You not have any foreclosures in OZ??? Does every single borrower pay as agreed, does no one get divorced? Or die Intestate???JLH

I’d argue the primary reason we don’t have anywhere near the levels of foreclosures as the US (and likely never will) is that our loans are recourse loans whereas US ones are primarily…[Read more]

]]> 79062b1cc4a0b30ce9822c8fa16c03ca naughtyj replied to the topic Anyone selling 'The complete renovation system' or renovation toolbox in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4404019-anyone-selling-the-complete-renovation-system-or-renovation-toolbox/#post-4650402 Tue, 12 Jul 2011 00:17:17 +0000 Has anyone got any feedback on this? Curious as to how useful people have found it, etc.Thanks in advance.

]]> c0db7bc1cd51a22dcab010da27fe0e47 naughtyj replied to the topic Stamp Duty (Interesting Scenario) in the forum Help Needed! https://www.propertyinvesting.com/topic/4404173-stamp-duty-interesting-scenario/#post-4651457 Mon, 11 Jul 2011 04:01:43 +0000 Actually, if the property is located in the ACT (Canberra), I believe the stamp duty is deductable in the first year of purchase, so depending on where hsingh10 is purchasing the property, it might be worth talking to his tax person about.All I could find was a Defense Housing Brochure to confirm this, but both IPs we've bought, the accountant has…[Read more]

]]> 1b7ff47ed670103660a8764e27089585 naughtyj replied to the topic "Buy When Others Are Fearful" or Others Are Justified in their Fear? in the forum General Property https://www.propertyinvesting.com/topic/4404055-buy-when-others-are-fearful-or-others-are-justified-in-their-fear/#post-4650684 Wed, 06 Jul 2011 06:28:04 +0000 Hey, if interest rates dropped to closed to zero, I'd be looking at taking out interest only loans on all of my IPs. *grin*

]]> c63e55e5e87739717a8ab94f95aa9533 naughtyj replied to the topic Borrowing from parents in the forum Finance https://www.propertyinvesting.com/topic/4404120-borrowing-from-parents/#post-4651118 Mon, 04 Jul 2011 07:24:53 +0000 This is just a guess, but I'd say you probably could.That being said you'd probably need an agreement that's signed off by a solicitor.  And, your parents would also need to declare the money they receive from you as taxable income (after all, it's income received from an investment).The only thing that you might also need to take into account is…[Read more]

]]> fc913c1e13cf504f0d0c3a8b6f4c5d02 naughtyj replied to the topic Is highrise apartment worth claiming deprieciation if it's 13 years old? in the forum Help Needed! https://www.propertyinvesting.com/topic/4403996-is-highrise-apartment-worth-claiming-deprieciation-if-its-13-years-old/#post-4650197 Mon, 20 Jun 2011 03:35:55 +0000 Quick comment – and this is uninformed, so if someone does have better info, then please reply.Firstly, I am assuming that you've only relatively recently purchased the property (reason being you would have been claiming depreciation beforehand).As others have said, if you have internals, then a QS probably will pay for itself in the first year…[Read more]

]]> ad64002beebe2e7ba5442aba99652a7c naughtyj replied to the topic The steps to watch for in the coming Australian housing correction in the forum Again, I'm no expert, but I https://www.propertyinvesting.com/topic/4403251-the-steps-to-watch-for-in-the-coming-australian-housing-correction/page/8/#post-4645165 Fri, 17 Jun 2011 05:53:05 +0000 Again, I'm no expert, but I was listening to an interesting piece by Paul Clitheroe on the ABC the other day.  He made the comment that (in his opinion) house prices will slow, but on the other hand, they won't.  It depends on HOW you look at it.The example he gave was of a $500,000 house.Assume that the market goes nowhere for the next 5 y…[Read more]

]]> ac7e02cfe3d270622587c2633c50dc60 naughtyj replied to the topic Question about interest pre-payment in the forum General Property https://www.propertyinvesting.com/topic/4403965-question-about-interest-pre-payment/#post-4650057 Thu, 16 Jun 2011 07:48:20 +0000 That's kind of what I was thinking Terryw.I'd heard Paul Clitheroe talking about it on the radio and was I wondering about the lost opportunity cost.Plus, the point you make about next year being postive income unless you do it again is also something that you'd definitely need to consider before doing so (and obviously talk it through with your…[Read more]

]]> 225241178a32ca7fc861e637750ce3bb naughtyj replied to the topic Question about interest pre-payment in the forum General Property https://www.propertyinvesting.com/topic/4403965-question-about-interest-pre-payment/#post-4650054 Thu, 16 Jun 2011 06:51:37 +0000 Not after financial advice – I'm just curious is all what people's experiences have been (and it's the reason I posted it in the General section of the forum) and if it's the bank that generally benefits by getting the 'extra' interest by holding the money ahead of time.

]]> 6faaadb530ad90f7d94efc1fe812c7c9 naughtyj replied to the topic QLD Property Management/Letting Fees in the forum Help Needed! https://www.propertyinvesting.com/topic/4403769-qld-property-managementletting-fees/#post-4648745 Thu, 09 Jun 2011 07:38:44 +0000 Given you're in Queensland, this is probably of limited use, but we have two properties (in Canberra), both of which are with different agents.  Both agencies are charging 7.7% management fees (including GST).In the past, we've had both agencies try (on occasion) to tell us that the price is too cheap and they need to increase their fees (about 5…[Read more]

]]> d3f08a4438cdb932dac913c7eb37a480 naughtyj replied to the topic Should Australians Still Invest Properties in the United States? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403632-should-australians-still-invest-properties-in-the-united-states/#post-4647749 Wed, 08 Jun 2011 00:43:39 +0000 DetroitDan9 wrote:
NaughtyJ, LOL I had to laugh at your post. People can spend way too much time reading articles and less time actually doing it themselves. The best way to learn is to jump in, instead of having paralysis by analysis! I often see this with a lot of people who "want to invest in the US" they want to get involved, but have to…[Read more]

]]> b8c016d79e25d0640dcec9a883599110 naughtyj replied to the topic Is this a good idea? in the forum Value Adding https://www.propertyinvesting.com/topic/4403821-is-this-a-good-idea/#post-4649077 Mon, 06 Jun 2011 02:29:16 +0000 Not sure if this relates, but I am looking at purchasing a place that has solar panels on it (connected to the grid and drawing a feed-in tarriff).  Net result is that the electricity bill comes to around negative $23 per year.I spoke to the realestate agent who handles our rentals and she suggested that the easiest way would be to put the e…[Read more]

]]> 55bbb566cb2778af76ea0af968fd39d9 naughtyj replied to the topic Should Australians Still Invest Properties in the United States? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403632-should-australians-still-invest-properties-in-the-united-states/#post-4647742 Fri, 03 Jun 2011 01:21:36 +0000 You know the thing that really struck me with that article?  The racist vitriol pretty much negated all of the other possibly "factual" and believable arguments that the writer put forward.By itself, statements such as "American sewer pipes are 2 inches, not 4 inches. Expect to be fixing blocked toilets every so often"  seem reasonable until you r…[Read more]

]]> 93c88db9640346b5c4626db660953d6e naughtyj replied to the topic PPOR & De Facto Relationships in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4403762-ppor-de-facto-relationships/#post-4648716 Fri, 27 May 2011 07:30:56 +0000 Thanks.  Kind of figured as much, but it never hurts to ask.Subsequent question:  I'm figuring that property prices won't move upward much in the next 12 months much, and I will be getting a current 2011 valuation on the property in a few weeks.Would that establish the basis for its "cost" value when I move out and use the difference between tha…[Read more]

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