https://www.propertyinvesting.com/members/okkamooie/activity/ Activity feed for okkamooie. Tue, 14 Apr 2026 21:21:44 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 275ae0bdea7faf418a2145eb9be9e62e https://www.propertyinvesting.com/topic/4389796-our-first-reno-project/page/12/#post-4568670 Fri, 21 Sep 2007 14:58:54 +0000 Good LuckDon

]]> ed01765f5dd733286686c78738bbc894 https://www.propertyinvesting.com/topic/4390852-getting-started-39/#post-4574388 Wed, 19 Sep 2007 12:45:23 +0000 I agree with Terry.Interest only non deductable debt first, I would also add to look at deals that allow you to increase your equity faster. i.e. renos, small subdivisions, do stuff yourself, development's.  This will allow you to increase your equity faster and obviously move you to your goals faster.Good LuckDon

]]> a9451776331ab0b63c2a7957713b49e9 https://www.propertyinvesting.com/topic/4390843-ppor-question-3/#post-4574345 Wed, 19 Sep 2007 12:25:18 +0000 Hi AndersBI beleive there are stamp duty concessions for owner occupiers in Queensland but I am unsure if this only applies to the first ever owner occupied place purchased or any place purchased for PPOR.  Check out the office of state revenue website http://www.osr.qld.gov.au .  I am sure that there would be something there to advise you.You could a…[Read more]

]]> f649698f4001e0aa497e99680f0d9b2e https://www.propertyinvesting.com/topic/4390863-building-insurance-4/#post-4574451 Wed, 19 Sep 2007 12:04:26 +0000 Hi Ray30Congradulations on the purchase of your first investment property.If you check the fine print on the contract it normally states who is responsible for insurance between signing and settlement.  I have just checked a standard REIQ contract (Queensland). And under the heading of "risk" it states that "The property is at the Buyers's risk…[Read more]

]]> 7e902e24bb5556378899d74787a477de https://www.propertyinvesting.com/topic/4390770-depreciation-19/#post-4574065 Wed, 12 Sep 2007 12:08:03 +0000 Hi BundydogDepreciation is made up of 2 components, Furnature, fittings and Equipment (ovens, cook tops, rangehoods,carpet, hot water systems, window coverings, dishwashers, air conditioners etc) and special building writeoff.  Given the age of the houses you are intereste in the you would have no access to the special building write off, but you…[Read more]

]]> edb89444a313f5c6efe971ba0ba0c642 https://www.propertyinvesting.com/topic/4390775-buying-ppor-and-ip/#post-4574081 Wed, 12 Sep 2007 11:43:56 +0000 Hi MicmanOne of the goals of property development is to reduce non tax deductable debt and increase tax deductable debt.With this goal in mind, I would pay as much as you are comfortable onto your PPOR (Reducing your non deductable debt) and then set up a Line Of Credit for the investment property(s) and borrow 100% uning your LOC as a deposit…[Read more]

]]> 435d35ab258e7ae53a0ba7dd7d044bbd https://www.propertyinvesting.com/topic/4390757-its-time-to-start-i-need-genuine-advice/#post-4573991 Tue, 11 Sep 2007 09:01:16 +0000 MadeinitalyI would like to know a few more details.  Are you handy with renovations or rejuvinations.Do you want to buy your own house soon or in the near future,Would you feel confident in identifying a block of land, negotiating with a builder and sub contractors,are you interested in doing subdivisions.Don

]]> 68f22b9b3de926866757da11e33582f6 https://www.propertyinvesting.com/topic/4390712-deposit-for-exchange-of-contracts/#post-4573824 Mon, 10 Sep 2007 10:48:03 +0000 JasonA deposit is put up to show the seller that you are genuine and are prepared to loose some or all of your deposit if you do not follow through with the purchase.  Deposits can be up to 10% of the purchase price but in thery thay can be as low as 1 dollar (not normal) but it shows that you have something to loose by not following…[Read more]

]]> 3bedf3401f9df9099f80bbc5af2fa562 https://www.propertyinvesting.com/topic/4390683-please-explain-5/#post-4573394 Mon, 03 Sep 2007 11:18:37 +0000 LostieWho is responsible for insuring a property while it is between contract signing and settlement can vary depending on the standard contract used and any special terms on the contract.  It is not purley the seller to settlement date.  For me, while ever you have a vested interest in the property then you have an insurable interest.  By ent…[Read more]

]]> b9d691abe7eb9918eabfbd39402274f7 https://www.propertyinvesting.com/topic/4390678-help-needed-32/#post-4573363 Mon, 03 Sep 2007 11:11:24 +0000 NucopiaThere are many things that determine the price of insurance premiums.The value of the property insured value of contents, risk of the suburb, rental income, size of public liability, claim history (these are the major ones as I see them).Based on all these your premium is determined.Given the information you have given above I would expect…[Read more]

]]> fd0d65dd0d95affe36f3d62420e2ec95 https://www.propertyinvesting.com/topic/4390583-using-loc-to-pay-shortfall/#post-4572805 Sun, 26 Aug 2007 10:56:11 +0000 JennyI would probably continue to have the property shortfall grow in the LOC until you wanted to go for the next IP and then have your current property and your PPOR revalued and increase the LOC at that time. Not much point rocking the boat unless you wanted to do something with it.Don

]]> a36fe3eb8830875c0b6cb41a817829fe https://www.propertyinvesting.com/topic/4389796-our-first-reno-project/page/9/#post-4568621 Sun, 26 Aug 2007 10:48:13 +0000 Hi Jase and Flick.The house is looking a million bucks.  What's your estimated date for completion?Don

]]> a5ba433ba6cd355a6682603d9f28c08f https://www.propertyinvesting.com/topic/4390589-settled-friday-rubbish-under-house/#post-4572851 Sun, 26 Aug 2007 10:29:39 +0000 Hi WinzerI would be surprised if you have any recourse (unless it was written as a clause in the contractz).  That's what a pre settlement inspection is for.Without knowing what is under the house one man's trash is another man's tressure,  have a garage sale and see if you can make some bucks from it.Don

]]> 22b520c026377db600b17426b6a588f5 https://www.propertyinvesting.com/topic/4390587-revoking-finance/#post-4572842 Sun, 26 Aug 2007 10:25:36 +0000 BrookAs far as I know they can do this if no offer doccuiments had been signed (no contract with them until the offer doccuiments are signed).  Out of curiosity had they signed any offer doccuiments yet.  If doccuiments had been signed you could approach the banking ombudsman to confirm if they have acted appropriatley.Don

]]> 9cb38813e9c3e7a51fff1336082e8400 https://www.propertyinvesting.com/topic/4385680-my-turn-to-brag/page/2/#post-4548263 Sat, 25 Aug 2007 09:29:11 +0000 Well done AmandaI love hearing about people making a great profitdon

]]> 6d899e69cdac0dd57c198af09ada8788 https://www.propertyinvesting.com/topic/4390582-special-clause/#post-4572804 Sat, 25 Aug 2007 08:51:37 +0000 Hi CharlieI use a clause "subject to successful due dillagence review" you can then put a timeframe on that due dilligance that should allow you to see if council will approve prior to going unconditional.If the selling party knows that you are intending to build units on it then "subject to council approval" makes good sense.Do however check with…[Read more]

]]> 324e6679e113e9b83b19f5bcd3aef35b https://www.propertyinvesting.com/topic/4390572-gst-and-our-commercial-property/#post-4572764 Fri, 24 Aug 2007 10:16:53 +0000 I agree with CRJIf you have the intention of buying off the plan and reselling at the time of completion then you are doing this as a profit making venture.  The ATO will want their pound of flesh.  Better to be register up front and keep the monkey off your back.RegardsDon

]]> a1dbc69537c21e1f65a57150f0abda87 https://www.propertyinvesting.com/topic/4390110-should-agents-commissions-come-down/#post-4570163 Mon, 20 Aug 2007 12:00:44 +0000 Hey AllI personally hate paying the agents fee but see it as a necessary evil and if you get a good one as stated above then they should be able to get the fee back for you.To quote an example we had a property on the market.  We didn't have much interest for about 4 weeks and would be prepared to take a price 30k less than our list price (we…[Read more]

]]> b3317d326fb4b95fbaa5b85cc4318033 https://www.propertyinvesting.com/topic/4390530-sell-or-hold-6/#post-4572561 Mon, 20 Aug 2007 11:32:36 +0000 EttieWell done for buy in Perth a getting signifiant gains due to rising market.  I had a look at it 2 years ago and thought it was overheated.  Obviously I was wrong.I personally like the idea of getting out of Perth.  Given it's capital growth in the past 3 years it would be hard to immagine that it will continue for the next 3 years (but hey I…[Read more]

]]> 81f482cd93a0082bc5b8be4b81ff169c https://www.propertyinvesting.com/topic/4390529-advice-on-building/#post-4572560 Mon, 20 Aug 2007 11:12:30 +0000 Hey JohannThe best tax advantages as I see them are: The depreciation (plant and equipment) and capital allowance (building) are the highest that they will be so non cash deductions are at their maximum.  It is also worth noting that you get 6 months depreciation in the first year's tax return regardless of when it is completed.  This may be wel…[Read more]

]]> 2613faa393eeb36c09d148a3a2b5f5e2 https://www.propertyinvesting.com/topic/4390521-building-on-investment-block-cgt-payable/#post-4572530 Sun, 19 Aug 2007 13:33:25 +0000 Hi JimNot quite sure but I think the tax definition comes down to what were your intentions.  In this situation and if you did build your PPOR (which is obviously CGT exempt) then when you come to sell it the capital gain would be split between investing intentions and PPOR intentions.I am sure that a 2 minute call to your accountant would give…[Read more]

]]> 96d8dae4186136cdc3e6a2dd370847e1 https://www.propertyinvesting.com/topic/4390448-no-more-bottled-water-and-take-away-coffee/#post-4571988 Sun, 19 Aug 2007 13:19:47 +0000 Hey EmptypocketsI think you've got me wrong.  Not only do I think things can get worse, I expect that they will and I activley plan for a large number of adverse advents within my investing stratedgy and am naturally a cautious investor.  My point is that if it wasn't for the industry I am in then I would be even more cautious.I think everyone sh…[Read more]

]]> 278ba8f87ca88ac0ae7744691482dfcc https://www.propertyinvesting.com/topic/4381491-what-type-of-vehicle-do-you-have/page/12/#post-4524868 Sun, 19 Aug 2007 12:45:45 +0000 Heay allI drive a 2005 falcon (company car) getting replaced next month.  The wife drives a 2005 Mazda 3.It's interesting you know, I used to drive 71 falcon, 66 valiant, 91 corolla and longed for the days when I could get into a late model car (like I am now).  Now that I have it I realised it isn't as such a big deal as I once thought.I r…[Read more]

]]> 90605aea640b36f423da85f22fd15212 https://www.propertyinvesting.com/topic/4390516-1-bedda-or-2-bedda-for-my-situation/#post-4572477 Sun, 19 Aug 2007 03:26:12 +0000 Joeldoes the "tackey" two bedder have the possibility of renovating therefore increasing your equity.  Are you handy like that?If you are only planning on being in it for a few years, then do you do this, increase your equity and then buy that really nice 2 bedder with a better balcony and view.Just possibilitiesDon

]]> 60ddcc817faaf6bb438cbae720fa3b07 https://www.propertyinvesting.com/topic/4390513-how-to-start-2/#post-4572429 Sun, 19 Aug 2007 03:18:08 +0000 Hi Nina.What is your family (recipients) of your fathers estate planning to do with the land.  If you can convince them to sell it then you will receive a cash injection.  You may also be able to convince them to put a house on the property therefore having a cashflow from the property.  For your investing or PPOR future it is important that yo…[Read more]

]]> c51d5765d9b91bb6cc42dc3725dff5be https://www.propertyinvesting.com/topic/4390448-no-more-bottled-water-and-take-away-coffee/#post-4571984 Fri, 17 Aug 2007 22:19:32 +0000 Hey BirddogI am not worried about a recession.  I have a stable job in an industry not affected by ecconomic climate.  If this was not the case then I would be concerned and a bit more cautious.From the investing perspective I am continually looking at the market place and adjusting my stratedgy to suit the market so from this aspect I am also n…[Read more]

]]> 6dc3c67f647dce7def7d21fcf9d29792 https://www.propertyinvesting.com/topic/4389796-our-first-reno-project/page/8/#post-4568603 Fri, 17 Aug 2007 22:09:02 +0000 Hi Jase and FlicI have enjoyed following your journey.  You have indicated that you have looked at a number or like properties within your area.  I am interested to know if the market in general is going up there and if you think that this will add extra profit when it comes time to sell.Don

]]> a7e4c7d4bd9b69f385afe1d3be8ba995 https://www.propertyinvesting.com/topic/4390301-landlords-insurance-12/#post-4571164 Fri, 17 Aug 2007 21:44:33 +0000 Hi RLI personally wouldnt be without landlords insurance. If it is added to your public liability and building and contents insurance than the cost is really quite small.I insure through CGU and have all the above in one package.  I have found them very good even though I have only claimed on building insurance component.Don

]]> 2596fd2719228b2ab4c49e9e47679871 https://www.propertyinvesting.com/topic/4390513-how-to-start-2/#post-4572413 Fri, 17 Aug 2007 21:34:55 +0000 Hi NinaCongradulations on wanting to make a change in your long term financial position.  If this thought is followed up with determination you will make a huge difference.I agree with all Marc above has said.  You need to reduce your expenditure increase your savings and start getting some cash reserves or equity.While you are doing this the l…[Read more]

]]> 5a2127d238f61da9136030ac786c2ea7 https://www.propertyinvesting.com/topic/4390459-is-the-r-e-s-u-l-t-s-program-really-worth-it/#post-4572078 Wed, 15 Aug 2007 14:55:53 +0000 Hey ReccoHealthy skepticisum (if tha't how you spell it) is a valuable trait hang onto that as it make's you question things not just accept the norm.$5,000 is a signifiant investment but one good deal can make you 10 times that amount.  If the mentoring, one on one support and motivation of the team and the larger RESULTS group can asist you to…[Read more]

]]> ad5440b5fe290a607636fd0578101624 https://www.propertyinvesting.com/topic/4390021-property-market-hotting-up/page/3/#post-4569743 Wed, 15 Aug 2007 14:20:18 +0000 Hi AllI'm from Bundaberg in Queensland,  In speaking to my local realestate agent today they have sold in the last 2 weeks what they normally sell in a month.  She indicated things are still crazy even after the interest rate rise.

]]> ee19e0dbed6489272c181bc8d0e47703 https://www.propertyinvesting.com/topic/4390331-construction-loan-delays/#post-4571325 Wed, 15 Aug 2007 13:26:32 +0000 I have in the past had a long term relationship with one of the big 4 banks.  It was only when I hit the lending limit as they advised that I turned to a broker for solutions.Fortunatley I got a really good one.  By taking the time to understand my income from all sources and after cashflow he was able to negotiate a net increase in borrowings o…[Read more]

]]> 23486f02d6f0200ae045691ede854e88 https://www.propertyinvesting.com/topic/4390486-can-i-reno-for-a-profit/#post-4572290 Wed, 15 Aug 2007 12:48:44 +0000 Hi TinaIf the numbers dont stack up then don't do it.  Look somewhere else or try a different stradedgy or wait until the marked isn't so hot and moves more to a buyers market (I know Narangba and Burpengary are pretty hot at the moment).Even if you could get your proposed property for 290k then for example, 10k on purchasing costs, 10k on a…[Read more]

]]> 6f6372e3b75290e2e26eeb3a77dff30b https://www.propertyinvesting.com/topic/4390348-partner-resistance-issues/page/2/#post-4571487 Wed, 15 Aug 2007 12:20:01 +0000 Hey BoshyI agree with most of the comments above.  Time, results,trust and rewards is what's required.  My wife was in the same position as you are in a couple of years ago.She was very nervous about investing, but over a short period of time (2 years) where I proved good results, I built her turst in my ability.  I now have her confidence to the…[Read more]

]]> deb6ef467d4f9621a76bdf36c46f24f3 https://www.propertyinvesting.com/topic/4390336-help-i-keep-running-out-of-equity-and-im-stuck-now/page/2/#post-4571361 Tue, 14 Aug 2007 12:24:20 +0000 Hey LisaThis is a great thread and I must congradulate you on not only looking for any alternative to increase equity, find deposit monies and increase cashflow, but actually acting on neally all of the feed back as each of these things even though small will  signifiantly enhance your ability to grow your portfolio in the very near future.I do h…[Read more]

]]> 0e4a6a02c458b6801c0db7f9aeead60c https://www.propertyinvesting.com/topic/4390267-hello-everyone-and-welcome-to-our-first-post-a-hypothetical-situation/#post-4571005 Mon, 23 Jul 2007 11:42:03 +0000 Hi Vibe1) I like the reno kings http://www.renos.com.au but better still is the australian property investor magazine, avaliable from http://www.apimagazine.com.au.2) Can't really answer this but anything that would reduce your overall loan interest and allow you to put more funds back into repayments is really worth investigating.3)  I like properties as you c…[Read more]

]]> 9a578f4fec56f3be47694fc180778799 https://www.propertyinvesting.com/topic/4390251-cheapest-way-to-build/#post-4570945 Mon, 23 Jul 2007 11:05:41 +0000 Hi EZNIf you are looking for the cheepest property I don't think you can go past a project home builder.  One that has plans in place.  They are cheeper because the design costs are spread over mutile clients, their costings are very accurate (very little waste) and can generally get them up a bit faster than a private builder.  To gague value mak…[Read more]

]]> d0350c26a5970ee597c40bd65a8f0665 https://www.propertyinvesting.com/topic/4390199-townhouse-burpengary-qld/#post-4570674 Mon, 16 Jul 2007 15:47:29 +0000 Hello Opportunity in..I would need to know a whole lot more information to know if this town house is a good price and can not comment if this is a good investment or not. A good due diligence review should give you a good feel.I can however comment on Burpengary as an investment location. I have owned an IP in Burpengary for the past 7 years…[Read more]

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