PropertyInvesting.com | padmaa23108 | Activity https://www.propertyinvesting.com/members/padmaa23108/activity/ Activity feed for padmaa23108. Sun, 12 Apr 2026 13:54:40 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 3101fd1236617ed8ff280caff791e767 padmaa23108 replied to the topic school is holding me back. in the forum Help Needed! https://www.propertyinvesting.com/topic/4381117-school-is-holding-me-back/#post-4522465 Mon, 11 Jul 2005 21:22:47 +0000 Hi
We have migrated to Aus. in 1988 with $40 in pocket and $4000 debt, two suitcases and two children. I have studied BBus(Acc/Comp) from 89 whilst juggling two children,full time work, new culture, different shifts for hubby and myself…….the whole lot. It was hard, but it helped us save for our first home within 10months of arriving here…[Read more]

]]> ca9cf2019f52f9665655a437458691eb padmaa23108 replied to the topic Show me the.....details in the forum General Property https://www.propertyinvesting.com/topic/4380683-show-me-the-details/#post-4519509 Fri, 10 Jun 2005 06:44:34 +0000 Hi all
It is always inspirational to read success stories that anyone could learn from. Here is my share of success story as unwinding.
After having completed conversion of our IP’s and PPOR into student accommodation and put it on autopilot (just watching the bank to see that the money is rolling in), I have gone into it a bit bigger – Joint…[Read more]

]]> a8b4cc196c2bde359c5a07cbad2bd27b padmaa23108 replied to the topic Best Value for Aussie Tourists in the forum Forum Frolic https://www.propertyinvesting.com/topic/4380500-best-value-for-aussie-tourists/#post-4518182 Sun, 29 May 2005 09:41:42 +0000 Originally posted by Don and Liz:
Hi Padma,

That is something I had not even thought of. What can you buy for Rs.35. Do you need a visa? Well you wouldn’t I suppose but what about people who only have an aussie passport.

Cheers

Hi Liz
Yes you would need a visa, even I do, as I am an aussie now. India is such a vast country and culture wise…[Read more]

]]> 22878ce34bf78d156dacdd0aceba87b4 padmaa23108 replied to the topic Best Value for Aussie Tourists in the forum Forum Frolic https://www.propertyinvesting.com/topic/4380500-best-value-for-aussie-tourists/#post-4518180 Sun, 29 May 2005 07:01:47 +0000 Originally posted by Don and Liz:
Hi Chewy,

We would be looking for somewhere warm with a bit of culture and not to many tourist. Oh and a good exchange rate. I now it’s alot to ask but who knows there could be a place out there.

Cheers

Hi
Why not try India?
Warm – Yes
Culture – definitely…oodles of it
Less tourists- may be but many, many…[Read more]

]]> df493ae4236b333c3cef550c3831bb91 padmaa23108 replied to the topic Our first deal!!! in the forum No Subject https://www.propertyinvesting.com/topic/4380263-our-first-deal/#post-4516374 Sat, 14 May 2005 03:04:33 +0000 Hi Collie
Congratulations on your first acquisition. Well done. One down, 99 to go atleast. Would love to catch up with you sometime.
Padma

]]> 442bfc72d495710c1f44cb63fa64b6d1 padmaa23108 replied to the topic Lateral thinking in the forum Forum Frolic https://www.propertyinvesting.com/topic/4380208-lateral-thinking/#post-4515847 Wed, 11 May 2005 10:40:09 +0000 Had a hearty laugh. Thanks
Padma

]]> 6094736a1cabb254c9bbc7181e0809f5 padmaa23108 replied to the topic Some advice please in the forum Value Adding https://www.propertyinvesting.com/topic/4380097-some-advice-please/#post-4515038 Sat, 07 May 2005 21:35:48 +0000 Robert
To buy subject to DA, do you need to actually apply for a DA in the council or just get their verbal advice whether or not the area in question and the block in particular is likely to be approved for a DA?

Padma

]]> b8861c887894eef3f63ae3c98a997a61 padmaa23108 replied to the topic Converting Non Deductible debt to Deductible debt in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4379565-converting-non-deductible-debt-to-deductible-debt/#post-4511748 Wed, 06 Apr 2005 12:23:45 +0000 Originally posted by Terryw:

You should also look at maybe setting up a LOC to pay for rental expenses – even interest. This will allow you to pay off your home loan earlier.

How do you that Terry? Could you please explain in detail. I would like to do that if possible.
Thanks
Padma

]]> 1eed685144ad6eb8ac049d5220d80039 padmaa23108 replied to the topic Is now the time to buy? in the forum No Subject https://www.propertyinvesting.com/topic/4379492-is-now-the-time-to-buy/page/2/#post-4511359 Mon, 04 Apr 2005 10:24:22 +0000 Hi Det
“Just when you think you’ve got something worked out, someone puts another spin on the idea. I suppose that’s when you have to decide what is best for you.”

BINGO

“I am looking forward to the day that I claim more than just my drycleaning and calculator!”

GOOD LUCK
Cheers
Padma

]]> 1f975150a90e4f2fb8d5be439b8314a2 padmaa23108 replied to the topic Is now the time to buy? in the forum Help Needed! https://www.propertyinvesting.com/topic/4379492-is-now-the-time-to-buy/page/2/#post-4511352 Mon, 04 Apr 2005 05:22:46 +0000 “Why buy when prices have started falling? Would it not be better to buy when they have finished falling?”

When would that be?
Padma

]]> 2471bbf3f9139d8e9107929b897c4fff padmaa23108 replied to the topic Is now the time to buy? in the forum Help Needed! https://www.propertyinvesting.com/topic/4379492-is-now-the-time-to-buy/page/2/#post-4511350 Mon, 04 Apr 2005 04:58:51 +0000 Det,
At no point in my post was I suggesting to go and buy 10 properties outright. I was merely pointing out how much equity you have and how you are not using it to your advantage. I am saying this with great trepidation, but at the moment seems to me you are making everybody else richer than yourself (taxman etc.,).
As far as living off debt…[Read more]

]]> 7ba63fae505bec70ec9ea1d66b4a3e42 padmaa23108 replied to the topic Is now the time to buy? in the forum Help Needed! https://www.propertyinvesting.com/topic/4379492-is-now-the-time-to-buy/#post-4511343 Sun, 03 Apr 2005 23:51:42 +0000 Hi Det
I think (from what little I know) you are in quite an enviable position. If you paid off your home, have no other debts, have two jobs, two lovely kids – what are you waiting for?
Did you realise with the equity in your home, you can buy atleast 10 average 250K properties around australia. with a bit of research, they could be both +Cf and…[Read more]

]]> 445975436dd10594994927e0ff10a931 padmaa23108 replied to the topic Tongue Twisters in the forum Forum Frolic https://www.propertyinvesting.com/topic/4379425-tongue-twisters/#post-4510958 Fri, 01 Apr 2005 08:02:15 +0000 HI
I have heard the Betty and butter differently. Here goes
“Betty bought some butter
But the butter was bitter
So Betty bought some better butter
to make the bitter butter better”

thanks
Padma

]]> e7ae72a07dec343848d064dc48517fe4 padmaa23108 replied to the topic student house sums in the forum Help Needed! https://www.propertyinvesting.com/topic/4379421-student-house-sums/#post-4510938 Fri, 01 Apr 2005 01:14:15 +0000 Hi Carlin
Sorry I could not get back to you earlier. PM me and I will reply soon. apologies, just being busy.
Regards
Padma

]]> 5b107c11d39c8fffc119230af63d9687 padmaa23108 replied to the topic Need Help turning PPOR into IP in the forum No Subject https://www.propertyinvesting.com/topic/4379375-need-help-turning-ppor-into-ip/#post-4510603 Mon, 28 Mar 2005 01:14:26 +0000 Hi Hugo
Why can’t you turn your Fiance’s PPOR into an IP? You don’t need to do anything then. YOu live in a fully paid for house and convert her mortgage into deductible loan. Just a thought
Cheers
Padma

]]> c49ef39a85ea921cfd73654915bf9a17 padmaa23108 replied to the topic Experiences with Students? in the forum No Subject https://www.propertyinvesting.com/topic/4378889-experiences-with-students/#post-4507496 Tue, 01 Mar 2005 06:40:34 +0000 I have 5 girls sharing one bathroom and separate toilet as well. No problems. Have 3 in the other house sharing a Bathroom and a separate toilet.
Master bedroom tenant pays a little bit extra because of the ensuite.
I didnot even bother enquiring with the council. What is class1A and class 1B?
Padma

]]> 3c584e235ac9f87a6410b94f46c7292f padmaa23108 replied to the topic Experiences with Students? in the forum Help Needed! https://www.propertyinvesting.com/topic/4378889-experiences-with-students/#post-4507493 Mon, 28 Feb 2005 21:35:09 +0000 [teal]Vendors say you could rent each room for $100/wk and thus have income of $400-$700 per week. But does it actually work this way? For example, if you were student 5,6 or 7 (in the 7 bedroom example) would you be that keen to move in with 4 other people? Does any “in-fighting” in the group of 7 lead to people moving out more frequently? If no…[Read more]

]]> 9cf0a2ab94cc8c00bbe3e48a787cd177 padmaa23108 replied to the topic Experiences with Students? in the forum Help Needed! https://www.propertyinvesting.com/topic/4378889-experiences-with-students/#post-4507488 Thu, 24 Feb 2005 09:23:30 +0000 Hi Sharon
Make up a flyer highlighting all the positives of your accommodation i.e., how close to all the ameneties like bus stops, train stops, supermarkets, to uni etc., what have you included in the rent along with your contactdetails and give it to the student accommodation services at the uni and they will do the rest. Atleast that’s what…[Read more]

]]> a8116aa8b7a1961416ed17974780c989 padmaa23108 replied to the topic Experiences with Students? in the forum No Subject https://www.propertyinvesting.com/topic/4378889-experiences-with-students/#post-4507485 Thu, 24 Feb 2005 07:36:53 +0000 Hi
I have just finished converting 2 houses on the same block, one 4BR and another 6BR for student accommodation, they filled almost a month before they were ready. yes, students want quality accommodation, the neater it is the neater they will maintain.
We have included power,gas, weekly cleaning and internet provision in the rent. they are…[Read more]

]]> c2b66aa5199145b05f733cbd523b7d5f padmaa23108 replied to the topic 8 + Room Student Accommodation in the forum Finance https://www.propertyinvesting.com/topic/4378829-8-room-student-accommodation/#post-4507144 Tue, 22 Feb 2005 08:06:08 +0000 Hi
I went through CGU and told them i need landlord insurance for student accommodation house. I wasn’t questioned on number of students and I wasn’t told that it would be a boarding house. I just took normal landlord insurance and also insured the contents in the house. Premiums are in the range of about 500/- pa. It is not true that you need to…[Read more]

]]> 34442464a987ad55b4e665659a6a2851 padmaa23108 replied to the topic Sell or refinance in this situation? in the forum Help Needed! https://www.propertyinvesting.com/topic/4378832-sell-or-refinance-in-this-situation/#post-4507165 Tue, 22 Feb 2005 04:21:51 +0000 That is a fact Bennido and that is exactly what we did. I did check with my accountant to confirm. If you borrow against your PPOR to build or buy another PPOR and rent the first PPOR, then the interest on the equity used from first PPOR is not tax deductible as it is the purpose of the loan that determines the deductibility.
Hope I am clear in…[Read more]

]]> 0ff523b4b5c2e2be161868a9114c9632 padmaa23108 replied to the topic Sell or refinance in this situation? in the forum Help Needed! https://www.propertyinvesting.com/topic/4378832-sell-or-refinance-in-this-situation/#post-4507162 Tue, 22 Feb 2005 03:22:28 +0000 Hi Karl and Rita
Is it a possibility for you to live in a rented house and rent out your PPOR so that it can be +CF and interest is tax deductible, the rent you pay can also be claimed if you have a home office to maintain your IP’s.
We just did that and converted our PPOR and another IP into uni student accommodation resulting in a source of…[Read more]

]]> 9d09bef2c4a6292674d58e8e0f55169e padmaa23108 replied to the topic 8 + Room Student Accommodation in the forum Finance https://www.propertyinvesting.com/topic/4378829-8-room-student-accommodation/#post-4507142 Mon, 21 Feb 2005 05:33:22 +0000 Hi
We have just finished converting 2 of our residences (1 was a PPOR) into student accommodation. I was going to write a detailed post after I caught up with my breathing, but here I am.
The two residences are as follows:
1 was a 3BR, separate L shaped lounge, separate kitchen. We converted the L shape into another bedroom, made lounge and…[Read more]

]]> acac5c21432d1d8d0ea26a775f28735f padmaa23108 replied to the topic how do you do it! in the forum No Subject https://www.propertyinvesting.com/topic/4378817-how-do-you-do-it/#post-4507098 Mon, 21 Feb 2005 04:34:20 +0000 I join with the other two expressed opinions about you Jo(Monopoly). I admire your success and indeed you are an inspiration. I like your tongue in cheek comments most of the time…well most of the time anyway….
Pl.continue to pass on the inspiration.
I must say I have couple more people that I admire – Derek in particular, his comments and…[Read more]

]]> 35beffd403d932c533dd49c5ba0f1d41 padmaa23108 replied to the topic Am I doing numbers right? in the forum Help Needed! https://www.propertyinvesting.com/topic/4378576-am-i-doing-numbers-right/#post-4505551 Wed, 09 Feb 2005 02:29:44 +0000 Hi Collie
What about Real estate agents selling fees? For $240000 selling price you would be looking at around 7 to 8K atleast if I am not mistaken. Unless you want to sell it privately without an agent, then advertising costs needs to be added.
Padma

]]> 348e6bdbdfb054c1383f4bae011ba233 padmaa23108 replied to the topic Albury Property Investors Group Meeting in the forum No Subject https://www.propertyinvesting.com/topic/4375139-albury-property-investors-group-meeting/page/2/#post-4483950 Tue, 08 Feb 2005 05:45:27 +0000 Hi
It was refused because I believe the residents around that area protested as it was not a suitable development in line with the surrounding houses. The proposal was to build multistory apartment type housing, don’t exactly know how many? but runs almost into over a hundred I believe. I agree with the decision, because that area is more of…[Read more]

]]> 96a6d12b7589c7b51963dca93b8d87b7 padmaa23108 replied to the topic Albury Property Investors Group Meeting in the forum General Property https://www.propertyinvesting.com/topic/4375139-albury-property-investors-group-meeting/page/2/#post-4483945 Tue, 25 Jan 2005 00:39:45 +0000 Hi Agentsmith & Nordicskier
Yes, we had the first meeting at my place and it went very well. There was 5 people plus us that makes 7 – Linden and Lisa, Collie & Nathan, Annette, & David(couldn’t make it), myself(Padma) and my husband Mohun. We sort of introduced ourselves in terms of where we are at the moment and had a general session – so it was…[Read more]

]]> fb021d64e9fffe2ba3de79c5953db322 padmaa23108 replied to the topic Albury Property Investors Group Meeting in the forum General Property https://www.propertyinvesting.com/topic/4375139-albury-property-investors-group-meeting/page/2/#post-4483942 Fri, 21 Jan 2005 07:07:05 +0000 Hi DNA & Collie
Children are part of life. Can’t do without them.Bring them along. I don’t mind.
See you all at 4
Padma

]]> 97849e713146980dad3522bd971a27cc padmaa23108 replied to the topic Albury Property Investors Group Meeting in the forum No Subject https://www.propertyinvesting.com/topic/4375139-albury-property-investors-group-meeting/page/2/#post-4483939 Thu, 20 Jan 2005 07:51:31 +0000 4pm Collie, see you there?
Padma

]]> b45210baced8f9e50dcb7c35115ea70f padmaa23108 replied to the topic Let's have 'conversations' that add value in the forum Opinionated! https://www.propertyinvesting.com/topic/4378133-lets-have-conversations-that-add-value/#post-4503048 Tue, 18 Jan 2005 22:27:04 +0000 Hi
The very first post that I made asking for a suggestion, I was called STUPID for even thinking what I was planning to do. That put me off for a minute, but I brushed it off and went on. As I read on with interest everyday, there are certain posts that make me flinch hard and think OUCH! THAT WOULD HURT!.
I don’t understand why people have to be…[Read more]

]]> ea604edd01995c7b6e2a5eda50251770 padmaa23108 replied to the topic Let's celebrate Marital vows! in the forum Forum Frolic https://www.propertyinvesting.com/topic/4377964-lets-celebrate-marital-vows/#post-4501938 Fri, 14 Jan 2005 14:29:14 +0000 Hi Everybody
Congratulations to one and all. I would like to add that last June, we have celebrated 25years of marriage (I am not old, just got married early). We are at a stage now, that we don’t have to open our mouths before we both know exactly what the other is thinking. It is wonderful and life is beautiful. Marriage is give and take, more…[Read more]

]]> 8561d48b9a6d4ec62d7d8da24f087fd1 padmaa23108 replied to the topic Unmotivated Partner in the forum Help Needed! https://www.propertyinvesting.com/topic/4377906-unmotivated-partner/#post-4501535 Sun, 09 Jan 2005 22:11:22 +0000 Hi
Fear is the biggest motivator as well as a hurdle. Motivator only if you know how to go past the fear. So, may be you can use the same fear to motivate to do something about it – like a not so pretty picture of life after retirement that cannot sustain consumerism.
Then a picture of life when you used delayed gratification – early retirement,…[Read more]

]]> 3b59792c3256925b3be45eb88293e59d padmaa23108 replied to the topic Albury Property Investors Group Meeting in the forum General Property https://www.propertyinvesting.com/topic/4375139-albury-property-investors-group-meeting/#post-4483933 Sat, 08 Jan 2005 13:26:26 +0000 Hi Jaffa
I don’t know about leading a group but certainly would be interested to meet this Property Manager. I also had a message from another couple from Wodonga interested to be part of the group, so looks like 5 to 6 people. But I am not sure what we do in the group? Any guidance there if you have experience or let the group decide once got…[Read more]

]]> f33155b26b26f2a7d25ee76706a08086 padmaa23108 replied to the topic Albury Property Investors Group Meeting in the forum General Property https://www.propertyinvesting.com/topic/4375139-albury-property-investors-group-meeting/#post-4483931 Fri, 07 Jan 2005 23:17:48 +0000 Hi Jaffasoft, Collie, Agentsmith & John Howard
I am from Albury. Been in Albury since 1988 (we migrated straight to Albury) and love the place. We have 2 IP’s, recently moved out of our PPOR and converted it into an IP as well, so that makes it 3. Doing the 2 IP’s up forUni student accommodation and have got very encourging results so far, 7 out…[Read more]

]]> 7649bbecfcea055866cc8b313f9ed42a padmaa23108 replied to the topic Which City/Suburb you live? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4369744-which-citysuburb-you-live/page/8/#post-4442364 Tue, 04 Jan 2005 00:08:58 +0000 Hi all
I am from Albury (Albury-Wodonga twin cities),in between Sydney and Melbourne and Canberra. great place. Not many +CF properties currently as the market boomed last two years.I would like to know anybody else from Albury or Wodonga and meet up with them.
Padma

]]> 787b10f9b5fbfa18aebbc74b5de21d36 padmaa23108 replied to the topic Cash Positive Property Listing in the forum No Subject https://www.propertyinvesting.com/topic/4377379-cash-positive-property-listing/#post-4497937 Fri, 10 Dec 2004 21:43:51 +0000 Aren’t there sites already doing it? EG: Househunters – I have subscribed to their newsletter and I get weekly CF+ property listings with all the details except location. If you are interested then you contact them and they will tell you the details along with the costs involved in procuring the property. The list is quite big.
Another website is…[Read more]

]]> 72865461ce8e19a29b8674775275b664 padmaa23108 replied to the topic Guide me if I am right please in the forum Help Needed! https://www.propertyinvesting.com/topic/4376917-guide-me-if-i-am-right-please/#post-4495121 Tue, 09 Nov 2004 21:39:12 +0000 [biggrin]Thank you very much for everybody’s comments on this. Just shows how supportive this forum is and how knowledgable. I am glad I am in your company.
Jo,
I didnot take offence at your comments. Truth is harsh always. Having said that, I have a bit of thinking to do about that property. I have not made that decision lightly. It was based on…[Read more]

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