PropertyInvesting.com | obie1 | Activity https://www.propertyinvesting.com/members/obie1/activity/ Activity feed for obie1. Mon, 13 Apr 2026 15:22:18 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 3fa53b67c1203e854b95df7cd7f1efcc obie1 replied to the topic Writting a Letter of Offer - Help Needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4395088-writting-a-letter-of-offer-help-needed/#post-4597577 Sun, 26 Jul 2009 05:31:23 +0000 The offer layout in my opinion is not important at all.Just email the vendor or real estate agent your offer something like….."I Nonnie E would like to offer the owner of <address> the sum of <$> for the purchase of that property."If you are serious about it and know you can get finance ask for a copy of the contract and take it to your…[Read more]

]]> 91a072c8008df5be35a67f9c3bfff9a7 obie1 replied to the topic How to get started from Darwin... in the forum Help Needed! https://www.propertyinvesting.com/topic/4396627-how-to-get-started-from-darwin/#post-4605990 Thu, 09 Jul 2009 10:03:13 +0000 Lisa,You could buy a copy of Australian Property Investor and My Property Investment magazines and check the stats in the back of each of them. There is also a website that will tell you the last 15 or so sales in any street in the Territory along with recent sales in that suburb. http://www.nthomes.com.au give that site a go it is very helpful.O…

]]> 0cf157cfe63b2a0c45be89f692f7caa9 obie1 replied to the topic Using Equity In Your PPOR As A Deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4396510-using-equity-in-your-ppor-as-a-deposit/page/2/#post-4605426 Tue, 07 Jul 2009 14:27:49 +0000 Just to clarify my earlier post, I have a different lender for my IP then my PPOR , I think this negates most of the problems of x-collaterisation. My IP lender has a second mortgage on my PPOR not my PPOR lender. Some may disagree and I would like them to explain the diffence betwen having the same lender. It is my understanding that different…[Read more]

]]> b7563217fdc5e1aa6137c30367f48f33 obie1 replied to the topic How to get started from Darwin... in the forum Help Needed! https://www.propertyinvesting.com/topic/4396627-how-to-get-started-from-darwin/#post-4605988 Tue, 07 Jul 2009 13:57:20 +0000 HI Lisa,I Live and invest in Darwin and still believe it is a good market to buy in at the moment.Although people say that Darwin is at the peak of the cycle, I only see the market going up here in the near future. Demand is high as you can see by the high rents and the market has risen by about 4% in the last quarter on median prices. Population…[Read more]

]]> 7649a9253ff53b46c18e65e318ba5a5d obie1 replied to the topic sub letting in the forum Help Needed! https://www.propertyinvesting.com/topic/4396584-sub-letting-2/#post-4605800 Mon, 29 Jun 2009 09:23:19 +0000 I think you have guts and maybe it is worth a try if you have the time to put into it.I am only familiar with the Residential Tenancy Act in The Northern Territory but you will need to do a search on the Act in your state and read it carefully would be my advice.In the Territorry you have to issue a "Notice of intention to terminate for failure to…[Read more]

]]> 9cd6e589f3913fbbefb089ff065a7630 obie1 replied to the topic Using Equity In Your PPOR As A Deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4396510-using-equity-in-your-ppor-as-a-deposit/page/2/#post-4605421 Mon, 29 Jun 2009 06:19:57 +0000 Terry's post was not up when I posted mine just as I finished lunch and posted.I can understand how that could be a problem though.I have taken this into account though and have about 100k in an offset account for reserves as well as disability and death insurance and income protection insurance so I think I took that sort of risk into account.I…[Read more]

]]> 5271e258709086e05ef752fc620dfb1a obie1 replied to the topic Using Equity In Your PPOR As A Deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4396510-using-equity-in-your-ppor-as-a-deposit/page/2/#post-4605419 Mon, 29 Jun 2009 03:41:00 +0000 Sorry Gezzy I don't need to hijack your thread but hopefully this info helps you anyway…Richard, sorry I still don't understand why I would have a problem…I have 48% equity in my PPOR and about 0% now in my IP… now if my IP due to CG brings my equity up past 20% I should be able to get my IP lender to remove the second mortgage on my…[Read more]

]]> 6586ef5dfae83bfc1a14291cadf7e3b5 obie1 replied to the topic Using Equity In Your PPOR As A Deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4396510-using-equity-in-your-ppor-as-a-deposit/page/2/#post-4605416 Sun, 28 Jun 2009 06:46:14 +0000 Qlds007 wrote:
ObieWelcome to the forum and I hope you enjoy your time with us.Agree with your sentiment but hate to say it is not all that easy depending on numerous factorsI intend to remove the second mortgage on my PPOR given to my IP lender as soon as my IP gives me a LVR of 80%, this will take a few years.

Thanks for the welcome  What f…[Read more]

]]> 0440f5e78b550cd860b89831b0a6195d obie1 replied to the topic Using Equity In Your PPOR As A Deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4396510-using-equity-in-your-ppor-as-a-deposit/page/2/#post-4605414 Sun, 28 Jun 2009 04:04:47 +0000 Hi Gezzy,This is my first post on this site but hope I can help you a little.I used my PPOR equity for my first IP and it has worked out great.I borrowed 105% for my first IP using my PPOR equity as a 'deposit'. This covered loan costs and Stamp Duty.My lender for my IP now has a second mortgage on my PPOR (I have over 250K equity in my PPOR)In my…[Read more]

]]> 0db789f4d05edc074cf43d2057c0bbe2 obie1 replied to the topic Borrowing against equity in home in the forum Help Needed! https://www.propertyinvesting.com/topic/4396564-borrowing-against-equity-in-home/#post-4605691 Sun, 28 Jun 2009 03:59:08 +0000 Terryw wrote:
So you would have loans like this:1. PPOR of $440,000 = this is secured against your home2. LOC of $124,000  = this is secured against your home3. IP loan of $240,000 = this is secured against your IP only

I think this should read…So you would have loans like this:1. PPOR of $316,000 = this is secured against your home2. LOC of…[Read more]

]]> b9997619b70d32f18f0cdd5b278bfa32 obie1 replied to the topic Land/Property Sales in the forum Help Needed! https://www.propertyinvesting.com/topic/4396579-landproperty-sales/#post-4605749 Sun, 28 Jun 2009 01:42:10 +0000 pvrpunnad >> Start a new topic, you have posted in someone elses Topic…Tommygun>> I believe this will help you http://www.oldlistings.com.au/ and it is free. You can only search by suburb but it does give addresses and what price they were listed for. (not actual sale price) I am in the NT and we have a great site up here that lists actual sale…[Read more]

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