PropertyInvesting.com | neilvs | Activity https://www.propertyinvesting.com/members/neilvs/activity/ Activity feed for neilvs. Tue, 14 Apr 2026 16:05:45 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 fee98bc9e4b6f92f648b153f8e9a9d0b neilvs replied to the topic What options are available ......... in the forum Help Needed! https://www.propertyinvesting.com/topic/4396166-what-options-are-available/#post-4603617 Tue, 05 May 2009 04:36:36 +0000 I would advise against option 2. Now is definately not the time to be taking on a lot of added debt.Consider whether the new property is an asset or a liability. Also keep in mind that there is a good chance that property in Australia is set to follow the large downward corrections seen in the USA and the UK.High immigration rates and housing…[Read more]

]]> e1d1124fe302e2721337f7a129f9adab neilvs replied to the topic Brisbane Property Market in the forum Help Needed! https://www.propertyinvesting.com/topic/4396039-brisbane-property-market/#post-4602978 Tue, 05 May 2009 03:37:51 +0000 I agree with much presented in the underlying article…The property market in Brisbane will face the same challenges which all the other major centres in Australia will.http://www.brisbanetimes.com.au/articles/2009/04/27/1240684397986.html?page=fullpage

]]> db0279b785da9feab36f2dfd1d2a29bf neilvs replied to the topic Steve McKnight's property market update in the forum General Property https://www.propertyinvesting.com/topic/4395784-steve-mcknights-property-market-update/#post-4601331 Thu, 09 Apr 2009 05:30:31 +0000 SteveMcKnight wrote:
Happy Easter!I am about to sign off for some family time, but will be sure to answer this post on the other side of Easter.Regards,- Steve McKnight

Same to you and your family Steve! Hope you all have a relaxing break and return refreshed…Be wellregardsNeil

]]> 5fb18183b908f05482b71bf2d9ada2ee neilvs replied to the topic Steve McKnight's property market update in the forum General Property https://www.propertyinvesting.com/topic/4395784-steve-mcknights-property-market-update/#post-4601329 Wed, 08 Apr 2009 05:02:26 +0000 Anybody seen Steve around the forums lately?I'm interested to see his reply/comments on the questions posed in this thread.Also, does anybody know whether Steve ever did get around to writing a "lengthy answer" on the topic of how he financed his properties? He mentioned he may write a report/newsletter in the thread "how did Steve McNight finance…[Read more]

]]> f9dce45105ee83ab3b29c4e7eedd7c30 neilvs replied to the topic Why Invest in the US of A in the forum Overseas Deals https://www.propertyinvesting.com/topic/4394284-why-invest-in-the-us-of-a/page/2/#post-4593177 Mon, 06 Apr 2009 07:52:27 +0000 Qlds007 wrote:
The mortgage rate and the Fed Rate are 2 totally different indices.I see last week Fannie Mac dropped their rate to 4.84%.

This is true, but they are linked. The question is why the gap between the two rates are so large. Historically they have been far closer. I would guess that its related to the perceived risk which the banks…[Read more]

]]> 0ea4abdca1c8fb251c5293410c2d4d8f neilvs replied to the topic Why Invest in the US of A in the forum Overseas Deals https://www.propertyinvesting.com/topic/4394284-why-invest-in-the-us-of-a/page/2/#post-4593175 Mon, 06 Apr 2009 07:16:02 +0000 Qlds007 wrote:
One issue if they cant get finance these days.

hi RichardDo you know of any way of obtaining finance on US homes? I noted in one of your prior posts that u know of a lender who will do 65% loans… is that the only one you know of?Also, I'm curious about all these "cheapies" – houses for under $5000 – some even for under $1000…[Read more]

]]> b1a3223bb9003b2483813ee3eacfe3eb neilvs replied to the topic Why Invest in the US of A in the forum Overseas Deals https://www.propertyinvesting.com/topic/4394284-why-invest-in-the-us-of-a/page/2/#post-4593174 Mon, 06 Apr 2009 07:04:05 +0000 jcso99 wrote:
Can somebody explain something to me? If the Central bank's interest rate is close to 0% and the cashflow from the property is +ve (assuming that the gross yield is around 20%). Why would the bank still provide a lend at 70% with interest rate near the 7%, rather than at 3%? Is it because:1) they don't like the tenant?2) they don't…[Read more]

]]> afd08b98d144e557f46af23cc09a15ed neilvs replied to the topic Aussie bargain hunters see upside in US housing crisis in the forum Don. wrote:Mr Shannon said https://www.propertyinvesting.com/topic/4395691-aussie-bargain-hunters-see-upside-in-us-housing-crisis/#post-4600923 Mon, 06 Apr 2009 02:37:26 +0000 Don. wrote:
Mr Shannon said he had more than 100 lower-quality homes listed in the Detroit metro area for sale for just $US1.It is interesting that a journalist with make a comment like that without explaining the complex issues behind these properties. Is it unusual to place a hyperlink to the businesses site in the articile for online…[Read more]

]]> b2d0ffc56d16497dac1219dba7ce5ff1 neilvs replied to the topic I dont get it! in the forum Help Needed! https://www.propertyinvesting.com/topic/4395893-i-dont-get-it/#post-4601951 Sat, 04 Apr 2009 08:22:27 +0000 elkam wrote:
Hello neilvsYou seem to forget that not all the rent is availible to service a mortgage. Generally 20% is already earmarked for expenses, excluding interest payments.Council rates, water rates, insurance, repairs, agents commission/letting expenses, vacancy periods and possibly land tax also neeed to be paid. I guess the banks re…[Read more]

]]> 1bcaeed0b723d295961688f05aa53845 neilvs replied to the topic Use primary residence mortgage to buy shares and claim interest against tax??? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4395874-use-primary-residence-mortgage-to-buy-shares-and-claim-interest-against-tax/#post-4601791 Sat, 04 Apr 2009 01:07:31 +0000 I've asked my tax consultant about the allowability of interest deductions from a home loan and she has confirmed that this is indeed allowed, but that it would be better cost wise to split the loan and use one portion entirely for share purchase purposes. This isolation of the part of the loan used exclusively for share purposes will lower my…[Read more]

]]> e48caa03f74e20bb3d7bf9202d900f6a neilvs replied to the topic Use primary residence mortgage to buy shares and claim interest against tax??? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4395874-use-primary-residence-mortgage-to-buy-shares-and-claim-interest-against-tax/#post-4601790 Sat, 04 Apr 2009 00:59:58 +0000 duckster wrote:

neilvs wrote:
To all you financial/tax experts out there:I know that i can go to the bank and take out a loan specifically for the purposes of purchasing shares as an investment.Say i borrow $100 000 through some type of bank loan.Let's assume that in under 12 months (during a certain tax year) i have made $10 000 profit…[Read more]

]]> b849199f8c0239be1c21a4f2caed1165 neilvs replied to the topic Maximising borrowings using structures in the forum Finance https://www.propertyinvesting.com/topic/4390988-maximising-borrowings-using-structures/#post-4575059 Fri, 03 Apr 2009 07:56:08 +0000 I wonder if anybody is wondering why Steve himself hasnt commented on this topic?I did wonder but then i thought to myself: if i was Steve, i wouldnt be letting on to any material secrets of the trade such as exactly how i did my financing on a free forum like this one… I'd keep that kind of nitty gritty detail to advanced courses and let people…[Read more]

]]> 927204b7bc7b08e1beec14ce01d2106b neilvs replied to the topic how did Steve McNight finance his properties? in the forum Finance https://www.propertyinvesting.com/topic/4391955-how-did-steve-mcnight-finance-his-properties/page/2/#post-4580807 Fri, 03 Apr 2009 03:19:45 +0000 Terryw wrote:
There is nothing hard about financing properties. If you can keep coming up with the deposits, you can keep getting finance.

Hi TerrySo let's say I want to buy a $200K investment property. I have $40K deposit, but that's pretty much all i have.I can also show (the bank) that the property pays for itself in that it is cashflow…[Read more]

]]> b20f54d21d5dc743ca108e01a2b86e67 neilvs replied to the topic how did Steve McNight finance his properties? in the forum Finance https://www.propertyinvesting.com/topic/4391955-how-did-steve-mcnight-finance-his-properties/page/2/#post-4580806 Fri, 03 Apr 2009 03:06:07 +0000 SteveMcKnight wrote:
Hi,I'm struggling at the moment on a personal level. My wife is quite ill and in hospital, and I have needed to drop everything to look after the children (and mother-in-law). I have very limited time and am trying to help with what little time I have.The best I can do is to write a lengthy answer to this question and offer…[Read more]

]]> 680c6534e75855fdc2192228e7eea502 neilvs replied to the topic I dont get it! in the forum Help Needed! https://www.propertyinvesting.com/topic/4395893-i-dont-get-it/#post-4601946 Fri, 03 Apr 2009 02:13:53 +0000 Thanks for the reply Richard. This has given me some 'hope'. However, i'd very much like to hear from other brokers and/or investors too who can comment on the points i've raised.Recognising 75% to 80% of rental income is still not great news – the average hard working person who is still heavily dependant on his (very finite) salary will very…[Read more]

]]> f5f08320f3f5888c276aab8822d0a9fd neilvs replied to the topic Advice in buying our first IP, account structuring, gearing, tax and risk in the forum Help Needed! https://www.propertyinvesting.com/topic/4395689-advice-in-buying-our-first-ip-account-structuring-gearing-tax-and-risk/#post-4600910 Thu, 02 Apr 2009 03:07:32 +0000 What's a PPoR??

]]> 24ea20e5300a1a21777760a0ea6c01be neilvs replied to the topic FINANCIAL TROUBLE in today's economy in the forum Help Needed! https://www.propertyinvesting.com/topic/4395785-financial-trouble-in-todays-economy/#post-4601343 Thu, 02 Apr 2009 03:05:02 +0000 I'd also like to know the answer to this. Give us a tip at least ;)I find that interesting when banks are nowdays insisting on massive deposits for investment properties – between 30 to 40%…So you may find a property that's cashflow positive with only a 10% deposit, but the banks wont lend you the money – even though your income from the renting…[Read more]

]]> 16e0564e51d49f65ff797d024280b70a neilvs replied to the topic Use primary residence mortgage to buy shares and claim interest against tax??? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4395874-use-primary-residence-mortgage-to-buy-shares-and-claim-interest-against-tax/#post-4601787 Thu, 02 Apr 2009 02:50:01 +0000 hi DanThanks for the reply. What you say makes sense. I guess the only disadvantage of the dedicated investment loan account would be the interest rate charged (i currently am on a variable mortgage rate of 5.04% – expected to drop soon if the RBA does the right thing next tuesday)

]]> 21ec1e46f668db22414a2684b00d4ef3 neilvs replied to the topic ASX closes at new five-year low in the forum Opinionated! https://www.propertyinvesting.com/topic/4395523-asx-closes-at-new-five-year-low/page/2/#post-4599987 Thu, 02 Apr 2009 02:42:48 +0000 ASX currently at 3683.3 according to official website.Can anybody explain the graph , or to be more specific, the x axis. I assumed it was the date, however it currently has the following values: 10, 11, 12, 1, 2, 4 which clearly cant be the date.please HELP ;)

]]> c371d7c923956959614312b480949305 neilvs replied to the topic Use primary residence mortgage to buy shares and claim interest against tax??? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4395874-use-primary-residence-mortgage-to-buy-shares-and-claim-interest-against-tax/#post-4601786 Wed, 01 Apr 2009 23:46:18 +0000 hi RichardThanks for the reply.I had always heard that the deciding factor on whether interest is tax deductable was the PURPOSE to which the money was put and not the SOURCE of the money, i.e. what type of loan account.I'm guessing that loans for the express purpose of purchasing shares will attract far higher interest rates than what a mortgage…[Read more]

]]> 48845de365a85382e36936bafc3270c4 neilvs replied to the topic Time to Buy in the forum Help Needed! https://www.propertyinvesting.com/topic/4392764-time-to-buy-3/#post-4585192 Fri, 28 Mar 2008 02:42:07 +0000 Say Jeff – i noticed you said: There's no time like the present.Don't wait to buy property, Buy property and wait.I'm guessing many people in Sydney followed this same advice during the past 3 years or so and soon found that they owed a lot more on their property than what it was worth…In Steve's book "0 to 260+ Properties in 7 Years" he advises…[Read more]

]]> f6a1b12217434cc068dd62561919f094 neilvs replied to the topic Property Investing / Ownership in Australia vs US ?? in the forum General Property https://www.propertyinvesting.com/topic/4392415-property-investing-ownership-in-australia-vs-us/#post-4583237 Tue, 26 Feb 2008 04:33:41 +0000 I have read Steve's first book '0 to 130 Properties' and part of his second book "0 to 260 Properties' …I hadnt actually reached the point yet where his newer approaches to property investing are discussed. Eg. his 11 second rule obviously doesnt apply to properties nowdays. in fact any form of 'outof the box' positive cashflow deals are near…[Read more]

]]> 165c0390aab47573074db2c8472af4a9 neilvs replied to the topic Property Investing / Ownership in Australia vs US ?? in the forum General Property https://www.propertyinvesting.com/topic/4392415-property-investing-ownership-in-australia-vs-us/#post-4583235 Mon, 25 Feb 2008 03:20:10 +0000 foundation wrote:
And please, please, please, if you intend to be a successful investor, expand your reading way beyond the Kiyosaki/spruiker books!

I hear you on that front! Last year I stumbled across some disturbing facts – at least they disturbed me – which basically came down to the fact that his so-called 'rich dad' was/is an imaginative…[Read more]

]]> fec07bed206253d0b0577a14d0056367 neilvs replied to the topic Property Investing / Ownership in Australia vs US ?? in the forum General Property https://www.propertyinvesting.com/topic/4392415-property-investing-ownership-in-australia-vs-us/#post-4583232 Mon, 25 Feb 2008 02:07:11 +0000 foundation wrote:
It's up to you whether to believe the MSM or fact-based analysis.

I prefer to work on facts, and am therefore fascinated by the facts you've supplied here.My question though is how can the prices in Australia be explained if there is indeed an oversupply of properties about and not an undersupply as the media is reporting?

]]> 219188ca93c012892ccd51602469410b neilvs replied to the topic land tax on a unit?? in the forum General Property https://www.propertyinvesting.com/topic/4392428-land-tax-on-a-unit/#post-4583289 Sun, 24 Feb 2008 06:34:45 +0000 The owners should challenge the 'valuation' by the state government in court …The fact that a neighbouring block of land sold for a third of the price during that same period would mean a certain win of their case.It's about time the people took on the greedy government. It's an attack on property owners' rights…  it amounts to legalised…

]]> c00538001823f8e49141a690fecd8b20 neilvs replied to the topic Property Investing / Ownership in Australia vs US ?? in the forum General Property https://www.propertyinvesting.com/topic/4392415-property-investing-ownership-in-australia-vs-us/#post-4583229 Sat, 23 Feb 2008 08:16:18 +0000 Foundation – thank you for the interesting observations and facts.I based my opinions of a land/housing shortage on 1. what i've heard on the radio comparing the rate of influx of people compared to rate of building of new dwellings in South East Queensland. The ratio is not at all good. 2. i've heard similar arguments presented on television, and…[Read more]

]]> a0b2eb020451fed9246f32656f4ad1fb neilvs replied to the topic Financial Quiz link from book 3 not working in the forum Site Problems / Feedback https://www.propertyinvesting.com/topic/4387486-financial-quiz-link-from-book-3-not-working/#post-4557799 Wed, 29 Aug 2007 08:46:25 +0000 HiI am encountering this same problem! I am busy reading the 0-260 book and now wish to do the quiz online but cannot access it at the URL indicated in the book.Steve – could you or somebody at PropertyInvesting.com please investigate this and let us know how to access the link or restore it?thanksNeil

]]> 9d40731377a711575c7836a4a79d4f98 neilvs replied to the topic Which Legal Entity to use for Property Investment?? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4389900-which-legal-entity-to-use-for-property-investment/#post-4569212 Fri, 15 Jun 2007 00:48:02 +0000 Great!i'll finish the 0-130 one then and move on to the 0-260 book …  cant wait!

]]> 956144bbec5dd679952a4054a4e34bbf neilvs replied to the topic Which Legal Entity to use for Property Investment?? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4389900-which-legal-entity-to-use-for-property-investment/#post-4569210 Thu, 14 Jun 2007 23:15:41 +0000 ANYBODY with some ideas on the subject i raised here about corporation structures that they themselves use and why??

]]> 7d3efdce3e0c9e63bd23d692bc1d00a2 neilvs replied to the topic Which Legal Entity to use for Property Investment?? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4389900-which-legal-entity-to-use-for-property-investment/#post-4569209 Thu, 14 Jun 2007 23:14:47 +0000 thank you Richard – I appreciate the contact details.

]]> e2ade0ed47b5943a8b01f3141203960f neilvs replied to the topic Answers to "Where to Find CF+ Deals" in the forum Help Needed! https://www.propertyinvesting.com/topic/4384472-answers-to-where-to-find-cf-deals/page/9/#post-4542024 Tue, 12 Jun 2007 00:26:07 +0000 I bought the book "0 to 130 properties in 3.5 years" and can honestly say that i like Steve's approach.It seems honest and informative – and without the hype which i've seen in other guru's books.I'm new to Brisbane (and Australia) – have only been here since Feb (am all the way from South Africa) and in that short time i've gained the impression…[Read more]

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