PropertyInvesting.com | Pagey | Activity https://www.propertyinvesting.com/members/pagey_1/activity/ Activity feed for Pagey. Wed, 15 Apr 2026 06:13:04 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 3277596e0d6d757409c8af0bbc0e0451 Pagey replied to the topic SHACK queries - equity, borrowing capability, investment opinion? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409590-shack-queries-equity-borrowing-capability-investment-opinion/#post-4993698 Fri, 15 Aug 2014 05:03:13 +0000 Hey all just reading through this. If anyone is interested i did buy this a while back now, halves with a mate 80%LVR. Have done a few things to spruce it up but its pretty much just a get away holiday place.

Heres a link to it on gumtree for rent if anyone is…[Read more]

]]> 09360c4ca14b1e9d6c97a2c32d747a2a Pagey's profile was updated https://www.propertyinvesting.com/activity/p/297272/ Fri, 15 Aug 2014 04:53:54 +0000 6f588ac218d2cd2af6df524690b8ba75 pagey_1 replied to the topic Tasmania - Setting up structure - Need Accountant/advisor/mentor in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4993666-tasmania-setting-up-structure-need-accountantadvisormentor/#post-4993683 Thu, 14 Aug 2014 21:31:08 +0000 Great thanks for the replies everyone. I thought this may be the case that i had to go interstate which doesnt really worry me. Where can i read up/look at peoples recommendations then?

I want to select a team now that i dont need to change for many years, do it right the first time!

Cheers
Pagey

]]> 962cc69219ca6af7fc241e53f41c6885 pagey_1 started the topic Tasmania - Setting up structure - Need Accountant/advisor/mentor in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4993666-tasmania-setting-up-structure-need-accountantadvisormentor/ Thu, 14 Aug 2014 05:27:53 +0000 Hi All,

As above im from Tasmania and am at the stage i want to set up a Structure and am after some professional advice. I have spoken to my accountant and she has already tried to steer me in the wrong direction as she is not familiar with the type of investing i want to do.

Based on this i am looking for an accountant, preferably in Tasmania…[Read more]

]]> 5b1c7003505048b9a55b35ec1697280c pagey_1 replied to the topic renting out a property straight to the tennet with out the real estate in the forum Help Needed! https://www.propertyinvesting.com/topic/4410217-renting-out-a-property-straight-to-the-tennet-with-out-the-real-estate/#post-4695955 Mon, 04 Nov 2013 02:49:40 +0000 Yep i do it now, my tennant is a family friend, all is going well but i will say its hard when they ask for a little extension on the rent, i allowed it knowing they will catch up later. Mutual respect. Plus i can drop by and have a look and a coffee whenever. So far so good!

]]> 797f86279b0f0b2ab2d29188762948c5 pagey_1 replied to the topic Young Property Investors Brisbane in the forum Heads Up! https://www.propertyinvesting.com/topic/4409879-young-property-investors-brisbane/#post-4694110 Sat, 14 Sep 2013 00:02:49 +0000 Just signed up, sounds like a great idea hopefully a meet up can happen soon!

]]> b91d4c3fbe2cd514c2f9ad927af4ac6b pagey_1 replied to the topic Potential investment - advice wanted? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409702-potential-investment-advice-wanted/#post-4693256 Sun, 14 Jul 2013 21:16:42 +0000 Thanks for your replys guys.

I already have 2 properties in this postcode with 95%LVR so im comfortable i can achieve that again.

My calcs for own funds required is based on buying both as one property so they may be a little on the low side.

Richard, what do you mean by a blended 100% loan?

Cheers
Pagey

]]> fab421d4aedb045a00a8e0f5de4d3dcc pagey_1 replied to the topic Potential investment - advice wanted? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409702-potential-investment-advice-wanted/#post-4693253 Sun, 14 Jul 2013 05:22:39 +0000 Thanks for the reply Catalyst. They are separate titles but in a block of units so have Body Corporate fees, but thats taken into account with the returns above.

Not sure on the vacancy rate ill get onto that thankyou!

The one with the old lady could do with a new kitchen and spruce up. about 5 – 8k worth of work would bring it up good and again…[Read more]

]]> f23490382a9477a72775c53ec8f83d16 pagey_1 replied to the topic Lowering the mortage to 80% debt for the next purchase in the forum Finance https://www.propertyinvesting.com/topic/4409606-lowering-the-mortage-to-80-debt-for-the-next-purchase/#post-4692678 Thu, 04 Jul 2013 20:49:05 +0000 Thats what i thought, thanks guys

]]> 6fa5e51d745057f7be7ef4e98cea5b4d pagey_1 replied to the topic Lowering the mortage to 80% debt for the next purchase in the forum Finance https://www.propertyinvesting.com/topic/4409606-lowering-the-mortage-to-80-debt-for-the-next-purchase/#post-4692675 Thu, 04 Jul 2013 02:09:35 +0000 This may be a stupid question but on the note of equity. If i have a mortgage of say 100k and borrow an additional 40k (from equity) do my repayments increase to cover the 140k debt or do they remain as the same as if i had 100k debt?

Cheers
Pagey

]]> a7a31e23ea7dfc88c735c1d4b25e666c pagey_1 replied to the topic SHACK queries - equity, borrowing capability, investment opinion? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409590-shack-queries-equity-borrowing-capability-investment-opinion/#post-4692568 Wed, 26 Jun 2013 07:25:23 +0000 Awaiting to sign the contract then i will fill you guys in :)

]]> f828d92cee9cf80d6c0862a3bb8d3287 pagey_1 replied to the topic SHACK queries - equity, borrowing capability, investment opinion? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409590-shack-queries-equity-borrowing-capability-investment-opinion/#post-4692566 Tue, 25 Jun 2013 00:21:55 +0000 I like your advice Jamie haha!

I have put in an offer (low ball).

See how i go, thanks for all the help guys.

Cheers
Pagey

]]> d520d09e4b99d36dc5b3f61dfc19a67f pagey_1 replied to the topic SHACK queries - equity, borrowing capability, investment opinion? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409590-shack-queries-equity-borrowing-capability-investment-opinion/#post-4692564 Sun, 23 Jun 2013 21:40:12 +0000 Hi Rick,

Im in the same mind, great idea but a bad investment. money could be used better elsewhere but you have got to have a bit of fun and relaxation. Especially if the place is cheap and can still gain you equity. Ive been talking myself into the idea for months!

Cheers
Pagey

]]> 9ecb29230ba07e89c0a73393e26fd24f pagey_1 replied to the topic SHACK queries - equity, borrowing capability, investment opinion? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409590-shack-queries-equity-borrowing-capability-investment-opinion/#post-4692560 Sat, 22 Jun 2013 01:01:02 +0000 Oh ok i didn't realize they varied i thought they would all have a postcode restriction if one had one. Thanks!!

]]> db156a98a02a8db5ef88ab23d0de3a8d pagey_1 replied to the topic SHACK queries - equity, borrowing capability, investment opinion? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409590-shack-queries-equity-borrowing-capability-investment-opinion/#post-4692558 Fri, 21 Jun 2013 22:25:18 +0000 Thanks for the reply guys, Richard, if i give you the postcode can you tell me if it is an area where 20% deposit is required?

Why do i need the right lender? Do i need to ensure they will acknowledge the equity in the shack at a later date?

Cheers
Pagey

]]> 27dd18e239d66a77d966e2a79b8f4d8c pagey_1 replied to the topic SHACK queries - equity, borrowing capability, investment opinion? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409590-shack-queries-equity-borrowing-capability-investment-opinion/#post-4692555 Fri, 21 Jun 2013 05:43:41 +0000 The 'Shack' is a tiny asbestos 3 bedroom open fire place on the west coast of tassie. Perfect for fishing, riding bikes and sipping on ales! My circumstances are ive spent all my money on my IP which is now 99% complete with available equity. Tenant moving in next week.

Ive been talking to a finance broker and its looking like we may need to put…[Read more]

]]> f234bf3c60861e8e6d33fd97370b8967 pagey_1 replied to the topic Gladstone - Drafty/Builders in the forum Help Needed! https://www.propertyinvesting.com/topic/4409570-gladstone-draftybuilders/#post-4692427 Thu, 20 Jun 2013 23:53:07 +0000 I work in Gladstone, in the past 2 years the rents have dropped from 1000pw or more to around 600pw for a 3 bed house. And there are still houses going up everywere. I thought about investing here but the boom has gone.

]]> 13926f92a5faad701775bfdb47e50046 pagey_1 replied to the topic Can I claim tax on renos to IP with no tenants? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4409557-can-i-claim-tax-on-renos-to-ip-with-no-tenants/#post-4692346 Sun, 16 Jun 2013 20:46:02 +0000 Bummer, but thanks very much for the replys guys. Ill get onto my accountant

cheers

]]> 58faa7feea57e1dcea43d17c5a453f62 pagey_1 replied to the topic Personal Loan for deposit? Yes or No? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409287-personal-loan-for-deposit-yes-or-no/#post-4690366 Thu, 09 May 2013 20:48:59 +0000 Thanks for the reply Richard,

So are you saying you can claim 100% of the interest, whether it be a mortgage at 6% or a credit card at 20%?

Cheers
Pagey

]]> 5b38fdf072606a684baec322cad29e25 pagey_1 replied to the topic RP Data - details on previous home sale prices... in the forum Help Needed! https://www.propertyinvesting.com/topic/4409323-rp-data-details-on-previous-home-sale-prices/#post-4690571 Thu, 09 May 2013 20:44:20 +0000 http://www.allhomes.com.au/

I have heard this works. I use thelist in Tasmania. Not sure about WA sorry

]]> a93eeb89f7e02cf56a5c42b7ca66be75 pagey_1 replied to the topic Personal Loan for deposit? Yes or No? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409287-personal-loan-for-deposit-yes-or-no/#post-4690363 Mon, 06 May 2013 21:01:30 +0000 I will go and talk to the bank today and see what my chances are.

My main question is, is there anything to be weary of? is it a big no no? It would take me some time to save the deposit required and by that time these properties will be sold.

]]> 4fd4d1a9f76aad5b74c0debe00cf09f9 pagey_1 replied to the topic Personal Loan for deposit? Yes or No? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409287-personal-loan-for-deposit-yes-or-no/#post-4690360 Mon, 06 May 2013 00:51:17 +0000 That would be the ideal plan but currently my IP is gutted undergoing a full Reno. So no equity available as yet.

I earn a good income so im quite comfortable that i would be able to obtain the required finance.

Once the 70k loan was paid back out the properties would be returning approx $500 pw positive cashflow plus the oportunity for capital…[Read more]

]]> c4b41783ec8230d75624074a322e2bd1 pagey_1 replied to the topic Quick, cost effective Reno to manufacture equity in the forum Value Adding https://www.propertyinvesting.com/topic/4408654-quick-cost-effective-reno-to-manufacture-equity/#post-4685924 Wed, 17 Apr 2013 05:29:03 +0000 Im doing a similar thing in Tas at the moment. If you plan to sell for quick profit also keep in mind real estate fees. I know with my place it cost me 15k in buying costs and will cost approx 10k in selling fees.  Thats 25k i need to get back in profit on top of reno costs.

Cheers
Pagey

]]> df58848bd9acec80b2ced6ce0ae7edf7 pagey_1 replied to the topic Interest only or Principal and Interest? House in Tasmania in the forum Help Needed! https://www.propertyinvesting.com/topic/4408460-interest-only-or-principal-and-interest-house-in-tasmania/#post-4684032 Wed, 16 Jan 2013 23:43:09 +0000 Thanks Richard, but can you please explain the advantage in a 100% standalone investment loan?

I would have thought it would be better to pay for the renos outright instead of owing money on them? Therefore creating real equity not having a debt on your equity?

Cheers
pagey

]]> cd6d28c1aa8b762c379fe8c8ae832049 pagey_1 replied to the topic Interest only or Principal and Interest? House in Tasmania in the forum Help Needed! https://www.propertyinvesting.com/topic/4408460-interest-only-or-principal-and-interest-house-in-tasmania/#post-4684031 Wed, 16 Jan 2013 22:56:05 +0000 Thanks for your comments Don,

What do you mean by an income accelerator? I earn good money (about 180k per year) and am currently putting most of this into my first 2 properties, they are both in need of renos which will increase the capital and give me approx. 100k in equity (about 70k profit) in 6 to 12 months.

I have done some research on…[Read more]

]]> 851636edc41764c0ae494443f24672a7 pagey_1 replied to the topic Interest only or Principal and Interest? House in Tasmania in the forum Help Needed! https://www.propertyinvesting.com/topic/4408460-interest-only-or-principal-and-interest-house-in-tasmania/#post-4684027 Tue, 15 Jan 2013 23:48:18 +0000 I am awaiting my delivery of Steve McKnight's book package as we speak haha!

Thanks for your help Jamie!

]]> 79a323b79169fad6eb6c54a758b75b23 pagey_1 replied to the topic Interest only or Principal and Interest? House in Tasmania in the forum Help Needed! https://www.propertyinvesting.com/topic/4408460-interest-only-or-principal-and-interest-house-in-tasmania/#post-4684026 Tue, 15 Jan 2013 23:48:13 +0000 I am awaiting my delivery of Steve McKnight's book package as we speak haha!

Thanks for your help Jamie!

]]> 2aeab9447175c717cce38655c40a4e07 pagey_1 replied to the topic Interest only or Principal and Interest? House in Tasmania in the forum Help Needed! https://www.propertyinvesting.com/topic/4408460-interest-only-or-principal-and-interest-house-in-tasmania/#post-4684024 Tue, 15 Jan 2013 21:35:24 +0000 Thanks for the reply guys! .

To answer you Shahin my ideal plan is to keep investing in property, im 26 years old, single and earn good money. I'd like to buy a couple houses a year (or more!) and set myself for early retirement. So yes property is my target at the moment.

Cheers
Pagey

]]> 50a24926fcf0e403f9a18945a7b5624e pagey_1 replied to the topic Interest only or Principal and Interest? House in Tasmania in the forum Hi Jamie, thanks for the https://www.propertyinvesting.com/topic/4408460-interest-only-or-principal-and-interest-house-in-tasmania/#post-4684021 Tue, 15 Jan 2013 03:48:20 +0000 Hi Jamie, thanks for the reply.

I do have a car loan but this is set up as a private lease to claim back on tax for work purposes so is a set rate for another 2 years.

My PPOR i have only also just brought a month ago which i am moving into to claim the FOHG. After this (6 months) it is my intention to rent this out also as i work away and do…[Read more]

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