PropertyInvesting.com | Paterson00 | Activity https://www.propertyinvesting.com/members/paterson00/activity/ Activity feed for Paterson00. Fri, 17 Apr 2026 16:37:47 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 8f297ecb603f65b0db95e41c6ab65096 Paterson00 replied to the topic Spreadsheet help. It looks too good, what am I missing? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410615-spreadsheet-help-it-looks-too-good-what-am-i-missing/#post-4698896 Wed, 29 Jan 2014 12:43:35 +0000 Both excellent nuggets of advice and reassurance that I am at least heading somewhat in the right direction.  Always nice to know, as you said, Fear is a disease of which knowledge is the cure, Investing is not risky, being uneducated is.  Fear that you are fooling yourself is cured by reassurance from good advisors and mentors so I really do…[Read more]

]]> 0a2c7a3e75a2f76dbe450020e53af58b Paterson00 replied to the topic Spreadsheet help. It looks too good, what am I missing? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410615-spreadsheet-help-it-looks-too-good-what-am-i-missing/#post-4698893 Wed, 29 Jan 2014 08:54:31 +0000 It does and I appreciate you taking the time to post.  I am so determined to make a success of this when I am ready to go for it.  A good friend of mine died yesterday at 38 years old and I am a 36 year old FIFO worker. Those two elements alone are enough to drive me to ensure that I get it right, get myself financially independent and start to…[Read more]

]]> 9c10388e97a2e329c640ee3aaf9d42c8 Paterson00 replied to the topic Spreadsheet help. It looks too good, what am I missing? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410615-spreadsheet-help-it-looks-too-good-what-am-i-missing/#post-4698891 Wed, 29 Jan 2014 07:10:20 +0000 I agree. It does sound like a lot of people are too eager to throw their money away.  I think maybe people forget the end goal is to make money and get blinded by it all.  It's easy to do and I have been guilty of it and will continue to be until I have been doing this a while.  At the moment I have not even invested in a property apart from…[Read more]

]]> c040e75ec385b3150e7cb5e4daa7d111 Paterson00 replied to the topic Spreadsheet help. It looks too good, what am I missing? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410615-spreadsheet-help-it-looks-too-good-what-am-i-missing/#post-4698888 Wed, 29 Jan 2014 05:56:02 +0000 Hi Benny. Thanks for your feedback.  

The figures you are looking at are the profit and loss figures based on a repayment mortgage and interest only mortgage.  Very feasable for these figures to be on +ve and one -ve as the payments for the two different mortgages would of course be very different. The "outgoing" figures you are referring to are…[Read more]

]]> a3f2d43a710778114d088b679c0ba8fa Paterson00 replied to the topic Spreadsheet help. It looks too good, what am I missing? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410615-spreadsheet-help-it-looks-too-good-what-am-i-missing/#post-4698886 Wed, 29 Jan 2014 04:18:52 +0000 Ok, well that would be great but I fear it still may leave me in the same camp in that I would not understand how the formulas are calculated so I would not be going in armed with anything better than trust in something I don't understand, plus I don't have that cash at the moment either as Im saving a deposit for PPOR.

]]> 528ec71cee4fb4df420ec0ff0d8788c5 Paterson00 replied to the topic Spreadsheet help. It looks too good, what am I missing? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410615-spreadsheet-help-it-looks-too-good-what-am-i-missing/#post-4698884 Wed, 29 Jan 2014 03:38:03 +0000 It has some very pretty colours too in the flesh.. lol   but the imprtant thing I am trying to work out here basically is, am I missing something when I am calculating my cash flow forcast on specific properties.  It seems I can find quite a few using my spreadsheet that are negatively geared until I add the depreciation schedule after which they…[Read more]

]]> 29766e241f59ccb9964150f61e02ed2b Paterson00 replied to the topic Depreciation schedules and scrappage schedules in the forum Help Needed! https://www.propertyinvesting.com/topic/4410411-depreciation-schedules-and-scrappage-schedules/#post-4697313 Wed, 29 Jan 2014 03:21:35 +0000 I found this guys video and his three part seminar video to explain it very well.

]]> d4c25d120d1d61f63002aa15bfb79277 Paterson00 replied to the topic Spreadsheet help. It looks too good, what am I missing? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410615-spreadsheet-help-it-looks-too-good-what-am-i-missing/#post-4698882 Wed, 29 Jan 2014 03:09:18 +0000    Thanks for that. Lets see if this wprks then.  It looks like it didn't allow the formulas to come over as well so it will be simply for looking at rather than playing with I think.

https://docs.google.com/spreadsheet/ccc?key=0Ar-bWgqS5OBDdHFtZUQ1ck5wSkEtcTRINkh1ejRWMlE&usp=sharing

]]> ffe95b854fdf16874b1ee77ae06f42b1 Paterson00 replied to the topic How do i Find out the age of a property for depreciation? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410610-how-do-i-find-out-the-age-of-a-property-for-depreciation/#post-4698854 Wed, 29 Jan 2014 02:42:16 +0000 I'm suprised to be honest.  As part of the research of wether the property works out on paper I would have thought this detail was essential or at least very worthy.  It's probably obvious but I am looking to find this information so that I can work out an idea of what depreciation schedule I can expect on the property and therefore what its…[Read more]

]]> bd4763af12044bdc7fd04fcf6caf4205 Paterson00 replied to the topic Spreadsheet help. It looks too good, what am I missing? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410615-spreadsheet-help-it-looks-too-good-what-am-i-missing/#post-4698879 Tue, 28 Jan 2014 14:33:08 +0000 Ok so that didn't display as I wanted it to.  I'll try again here.  …..

Its not going well, anyone know how to get it here for display?

]]> e27f0eb3a663e3f7094ad6ab3ec5ed58 Paterson00 replied to the topic How do i Find out the age of a property for depreciation? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410610-how-do-i-find-out-the-age-of-a-property-for-depreciation/#post-4698849 Tue, 28 Jan 2014 10:01:43 +0000 I really appreciate that, I am looking in my home town of Mandurah in WA though unfortunately.

]]> 852424c3f50a96e71a61cc6068911e09 Paterson00 replied to the topic Depreciation schedules and scrappage schedules in the forum Help Needed! https://www.propertyinvesting.com/topic/4410411-depreciation-schedules-and-scrappage-schedules/#post-4697311 Tue, 28 Jan 2014 09:08:05 +0000 Brilliant and thanks for the advice.

I would like to know how much I can expect to get back.  I think I'm right in saying that if the building is post 1985 I would be able to claim section 43 ( the building itself) so the value of schedule would be higher.  I have used a calculator from BMT and they said that if the property was around 2007 and…[Read more]

]]> 9dbbe357da2388ea6bb920efea4a452b Paterson00 replied to the topic Market research tools in the forum Help Needed! https://www.propertyinvesting.com/topic/4410361-market-research-tools/#post-4696954 Mon, 27 Jan 2014 08:18:05 +0000 Hi Hank, 

try http://www.MYRP.com.au or the sections on http://www.realestate.com.au.  There is a section on there when you are looking at a particular property which will give you info about the demographic, average house prices and trends, how many owner occupiers v rentals etc etc.

I use http://www.everydayproperytinvestor.com for their podcasts as I find I am…[Read more]

]]> 2fd1f331e664204fb6ab55e0ca2f3636 Paterson00 replied to the topic Could I get a subjective opinion on this property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410413-could-i-get-a-subjective-opinion-on-this-property/#post-4697326 Wed, 18 Dec 2013 11:09:55 +0000 Ok, I'll try to answer these questions.

What is the size of the unit?

The advert doesn't say but it looks tiny from the picture

What are the body corp fees like?

I cant see anything about that and its also not a term I am familiar with.

What factors will drive future growth in the area?

I have been in touch with the local council regarding…[Read more]

]]> cb772490306b8a19de8586857309d91b Paterson00 replied to the topic Structuring your portfolio in the forum Help Needed! https://www.propertyinvesting.com/topic/4410358-structuring-your-portfolio/#post-4696931 Wed, 18 Dec 2013 10:25:28 +0000 MelbInvester wrote:

HI Jamie,

  What is the tax benefit with LOC setup?

MI

What is LOC set up?

]]> a0c2f6ddbeade912c4f0529fabe4f3e1 Paterson00 replied to the topic Mp3 or podcasts on property investment in the forum Help Needed! https://www.propertyinvesting.com/topic/mp3-or-podcasts-on-property-investment/#post-4697140 Sat, 14 Dec 2013 08:07:25 +0000 Hi Ariann

I’m saving like crazy at the moment for a deposit so I’m not ready to pay for anything but I don’t think that’s what you are saying. I’d like to hear anything you have to say which would help me. I can highly recommend napoleon hill audio from audible.

I am currently downloading about 30 hours of podcasts using an ipod app for free…[Read more]

]]> 261d32d195502db5f8d84fba57b5c27d Paterson00 replied to the topic Mp3 or podcasts on property investment in the forum Help Needed! https://www.propertyinvesting.com/topic/mp3-or-podcasts-on-property-investment/#post-4697138 Fri, 13 Dec 2013 13:31:36 +0000 Thanks everyone for your tips.  I have listened to Rich Dad Poor Dad, Rich dads cash flow quadrant, Rich dads guide to investing and I am now  half way through Napoleon Hills " In his own words" and I have Think and Grow Rich lined up.  I discovered Anthony Robbins nearly ten years ago and have been continuously using his audio tapes and videos…[Read more]

]]> a59870aece062abb4f8637193fe13abc Paterson00 replied to the topic Mp3 or podcasts on property investment in the forum Help Needed! https://www.propertyinvesting.com/topic/mp3-or-podcasts-on-property-investment/#post-4697133 Thu, 12 Dec 2013 10:13:57 +0000 Thats really the problem Jamie.  Where I am I cant watch you tube because I will chew through the data on my phone really quickly.  I can get MP3's on the company laptop using their internet but I could use some advise where to find some good stuff.

]]> bc8831cd1733170fceeec358c1a4fe1c Paterson00 replied to the topic Brisbane Housing Market in the forum Help Needed! https://www.propertyinvesting.com/topic/4410396-brisbane-housing-market/#post-4697193 Thu, 12 Dec 2013 10:10:01 +0000 i-smsf wrote:
I read a post earlier on here about the coming Commonwealth games on the Gold Coast in 2018… ? possibly consider the GC? I think the majority of work is being done in Southport.

Would it be a wise choice to simply invest where all of the big events were being held.  The London Olympics saw a huge increase in the area's…[Read more]

]]> 136334fa00f7f6f3d8623b630a6c9639 Paterson00 replied to the topic What has been the average capital gains? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410400-what-has-been-the-average-capital-gains/#post-4697225 Thu, 12 Dec 2013 10:02:08 +0000 Thanks for your point of view Luke.  I'll look into those area's too.  I hadn't thought about the amount of new stock being built and although there looks to be a lot of development in the area, your right there is also a lot of new housing.  The places you mention are still close enough to be able to tweak myself.

]]> 6f12516a7f7f12861ef4af4522926f6c Paterson00 replied to the topic What has been the average capital gains? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410400-what-has-been-the-average-capital-gains/#post-4697223 Wed, 11 Dec 2013 13:13:48 +0000 Thanks for the information and back story Benny.  It's nice to know I am barking up the right tree even if the tree is falling…or is it?

]]> c1ee93e15036937555f4140eaa4685b1 Paterson00 replied to the topic What has been the average capital gains? in the forum Mandurah in WA.  I just read https://www.propertyinvesting.com/topic/4410400-what-has-been-the-average-capital-gains/#post-4697221 Wed, 11 Dec 2013 10:30:10 +0000 Mandurah in WA.  I just read an article on API that said that while the entire country had experienced growth of an average 2.2%, Perth (and so presumably its surrounding areas) saw a drop of 3.8%.crying  Mandurah is just 70kms south of Perth, situated right on the coast and has a great lifestyle.  They recently invested in a new train line to link it…[Read more]

]]> 94b3c4760f7738d051b00a08f58aec91 Paterson00 replied to the topic What has been the average capital gains? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410400-what-has-been-the-average-capital-gains/#post-4697219 Wed, 11 Dec 2013 09:53:22 +0000 Thanks for that I have also found on http://www.realestate.com.au that you can see that average house price for the last ten years or so.

I'm struggling at the moment to see reports of any plans in the town where I live too to anticipate CG.  I know that there are more places to invest than just where I live but it seems sensible to do it where I live…[Read more]

]]> ce463bee37cb5276654e9be1b44b32bb Paterson00 replied to the topic Water rates in the forum Help Needed! https://www.propertyinvesting.com/topic/4410401-water-rates-2/#post-4697228 Wed, 11 Dec 2013 09:37:05 +0000 Thanks to you both.  I am in Mandurah WA.  Do you know how I find out the rates?  I would like to be able to find out the accurate council rates too.  At the moment I am taking my figures from a 3 bed that I have seen advertised and just entered the calculation to accommodate a 4 bed, 5 bed etc and added a cell in my spreadsheet of how many…[Read more]

]]> d6d50060f689382ae99560ebb0b60984 Paterson00 replied to the topic Renting rooms in a house you live in. in the forum General Property https://www.propertyinvesting.com/topic/4410384-renting-rooms-in-a-house-you-live-in/#post-4697108 Mon, 09 Dec 2013 09:24:59 +0000 Redwood wrote:
When you get the dog boarding ste up let us know if you are in melbourne!

I am in Mandurah I'm afraid.  I am interested in doing a house swap once I have bought and visiting Melbourne but I think that is about as close as I can get to helping you out.  We could come see Melbourne and look after your dog too…  Ever fancied…[Read more]

]]> 4e9f02da7573641c415f0172d0e55558 Paterson00 replied to the topic Renting rooms in a house you live in. in the forum General Property https://www.propertyinvesting.com/topic/4410384-renting-rooms-in-a-house-you-live-in/#post-4697107 Mon, 09 Dec 2013 09:21:56 +0000 I am new to all of this Terry and to me they seem like the same thing.  Of course there will be differences.  Would we have more protection if we structured it as a trust buying the house?  I know that initially, the entity in which the business is set up under can make differences in protection and liability.  Is this falling under the same…[Read more]

]]> b953a17792eb23acc673a9fc87933958 Paterson00 replied to the topic Renting rooms in a house you live in. in the forum General Property https://www.propertyinvesting.com/topic/4410384-renting-rooms-in-a-house-you-live-in/#post-4697104 Mon, 09 Dec 2013 01:15:28 +0000 Thanks for the info.  I'll be losing that straight away then since my wife will be running a dog boarding from our house as soon as we buy it. She runs a dog walking business at the moment and she has a lot of requests for boarding which we cant do in our rental.  If I have lost that already, I may as well make as much from the property as…[Read more]

]]> 5e3f4fee7e5e00db5f78bce0c007f707 Paterson00 replied to the topic Renting rooms in a house you live in. in the forum General Property https://www.propertyinvesting.com/topic/4410384-renting-rooms-in-a-house-you-live-in/#post-4697102 Mon, 09 Dec 2013 00:55:04 +0000 Well that's opened my eyes to something I didn't yet know too.  I didn't know that there was such a thing as CGT exemption on your main residence so thanks for that, good news.  Presumably that's as simple as it sounds.  If you make a gain on the property you live in, there is nothing to pay on tax on the gain?

It's not something I have put a lot…[Read more]

]]> c9a942fc9cd7dc74e6b181bed288ff3e Paterson00 replied to the topic Signs of trouble in Florida?? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410380-signs-of-trouble-in-florida/#post-4697075 Sun, 08 Dec 2013 06:52:16 +0000 Of course, but wouldn't it be good?

]]> 0f381b46082129748938fa128e07e12b Paterson00 replied to the topic Renovation investment strategy - currently i have a ppor in the forum Value Adding https://www.propertyinvesting.com/topic/4409909-renovation-investment-strategy-currently-i-have-a-ppor/#post-4694218 Sun, 08 Dec 2013 05:31:42 +0000 Joelcolley wrote:
Hey catalyst thanks for your reply. 

My long term goal is to replace my salary in passive income – 70000. Essentially to develop a positive cash flow  property portfolio.

guess I would consider renting as I would likely save money each fortnight and would not have to pay annual bills. I definitely have not confirmed costs yet…[Read more]

]]> 7c815a2840a5910681d067a95c1f2dad Paterson00 replied to the topic Pricing guesstimate required for new laminate kitchen benchtops in the forum Value Adding https://www.propertyinvesting.com/topic/4410296-pricing-guesstimate-required-for-new-laminate-kitchen-benchtops/#post-4696483 Sun, 08 Dec 2013 04:53:25 +0000 Surely cash only would be no good to you because you wouldn't be able to use the costs against your tax at the end of the year.  I've assumed that cash means no receipt too?  I think the kitchen looks fine too.  I'd like to see what difference the upgrades make if you would be kind enough to post the after pictures too.  I'm new to this so it…[Read more]

]]> 43b150d6ce70908691ad29d85aa5d3be Paterson00 replied to the topic Signs of trouble in Florida?? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4410380-signs-of-trouble-in-florida/#post-4697073 Sun, 08 Dec 2013 02:40:05 +0000 I'm watching this.  I am a huge fan of Florida and have dreams of owning property there one day. Been there 5 times and would like to be able to spend some retirement there in my own place.  They have been in trouble for a while though to my knowledge.  I looked into buying there about 5 years ago and I know there were a lot of price drops back…[Read more]

]]> 33622b197ee7ae8988966bb555525643 Paterson00 replied to the topic Real Estate agent reference check in the forum General Property https://www.propertyinvesting.com/topic/4410307-real-estate-agent-reference-check/#post-4696566 Thu, 05 Dec 2013 11:09:07 +0000 Is there anyone in Madurah WA recommended? Not just PM's either. I would like to get in touch with anyone in this area who could help me who comes with a good recommendation even though I'm not ready to buy yet.

]]> 0a98e9e3621a029939e847508d177e0a Paterson00 replied to the topic Refinancing to loans.com.au - is it a good idea?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410364-refinancing-to-loans-com-au-is-it-a-good-idea/#post-4696975 Thu, 05 Dec 2013 11:02:30 +0000 So who would be notoriously good for planning to release equity in the future and grow your portfolio.  I know you can't endorse anyone but since this is all new to me are their known players in this field?

]]> 03d34573f03c3439e255be8d2ebe7bae Paterson00 replied to the topic Structuring your portfolio in the forum Help Needed! https://www.propertyinvesting.com/topic/4410358-structuring-your-portfolio/#post-4696925 Thu, 05 Dec 2013 09:11:05 +0000 Ok and thanks again for your advice.  So I guess my next question is what are common mistakes that are made?   I know that rushing in is silly and a fools game.  Research is critical and knowledge is power.  Would any of you be happy to highlight some of the mistakes you have made or point me in the direction of somewhere I could find those…[Read more]

]]> 95aca359cea37879a139b5dd6e85f77c Paterson00 replied to the topic Yeild v Cash flow in the forum Help Needed! https://www.propertyinvesting.com/topic/4410359-yeild-v-cash-flow/#post-4696945 Wed, 04 Dec 2013 10:10:44 +0000 Benny your answer is very understandable.  I couldn't explain it to anyone else just yet but I get the principle.  Thanks

Catalyst, I like your thoughts, to evaluate from the point of view of including the borrowed sum since you are liable for it.  

So I need to know how to increase the value and the profit of the property just like an investor…[Read more]

]]> c24bccb3332c9a111f131a95700e7eec Paterson00 replied to the topic Yeild v Cash flow in the forum Help Needed! https://www.propertyinvesting.com/topic/4410359-yeild-v-cash-flow/#post-4696942 Wed, 04 Dec 2013 02:03:42 +0000 People will become tired of me asking questions no doubt.  Receiving the answers gives me the pieces to the jigsaw but getting those answers to stick to hard memory is the next step and during that process I am bound to cover ground two or three times and I expect that people will find that tiring but hey ho, I cant please all the people all of…[Read more]

]]> 39b643e6a5cd8108977fd253c2e46986 Paterson00 replied to the topic Yeild v Cash flow in the forum Help Needed! https://www.propertyinvesting.com/topic/4410359-yeild-v-cash-flow/#post-4696937 Tue, 03 Dec 2013 13:38:55 +0000 Thanks all.  That was my query.  So if we look at the figures above as realistic figures, how can people ever achieve the minimum 7% yield that I hear Nathan Birch saying he only invests in?   I was led to believe that your property price roughly is your weekly rent price..  ie $400k purchase will generate $400 per week.

]]> 07abb302dc78498c558f6ec07188aee2 Paterson00 replied to the topic Help - I am a new investor and my mind is boggled! in the forum Help Needed! https://www.propertyinvesting.com/topic/4410260-help-i-am-a-new-investor-and-my-mind-is-boggled/page/3/#post-4696269 Tue, 03 Dec 2013 10:06:23 +0000 Qlds007 wrote:
Charlotte which lender did your current broker advise and why?

From what you told me by email i have an idea who i would have recommended especially with 100K deposit but always interested to hear what someone else in the industry recommends.

Just ask your Broker do they own a property or two and then secondly do they owe…[Read more]

]]> 6b3e7639d94fc65334cc751375fc322b Paterson00 replied to the topic Structuring your portfolio in the forum Help Needed! https://www.propertyinvesting.com/topic/4410358-structuring-your-portfolio/#post-4696922 Tue, 03 Dec 2013 09:17:20 +0000 I'm comfortable with investing in domestic property even though I do not know the very best way of structuring it.  I have a good idea on the best way, ie having an offset account so you are ready to take the money back out whenever you like and ensuring that you have at least a cash flow neutral property.  I know I need to buy in an area which…[Read more]

]]> fd6a491e7d78f6e901eb5f0a783d804f Paterson00 replied to the topic How do I work out payments on a mortgage. What formula do I use? in the forum Finance https://www.propertyinvesting.com/topic/4410345-how-do-i-work-out-payments-on-a-mortgage-what-formula-do-i-use/#post-4696803 Sun, 01 Dec 2013 11:04:03 +0000 I conceded and sent the sheet to Dave Ward after all.  I will learn in time but for now I just want to know the outcome.

]]> 5543b3adb3333bd5fc8fc89cd7d8005d Paterson00 replied to the topic How do I work out payments on a mortgage. What formula do I use? in the forum Finance https://www.propertyinvesting.com/topic/4410345-how-do-i-work-out-payments-on-a-mortgage-what-formula-do-i-use/#post-4696802 Sun, 01 Dec 2013 09:23:13 +0000 Freckle wrote:
See this thread https://www.propertyinvesting.com/forums/finance/4346478

Initial investigation looks as though thats perfect, thanks so much for that.

]]> df7493a3f4732827ecce5e4f7541bf4e Paterson00 replied to the topic How do I work out payments on a mortgage. What formula do I use? in the forum Finance https://www.propertyinvesting.com/topic/4410345-how-do-i-work-out-payments-on-a-mortgage-what-formula-do-i-use/#post-4696801 Sun, 01 Dec 2013 09:20:32 +0000 Guys that is exactly the sort of thing I am looking for.  The formula for the interest only mortgage is simple enough to understand so I'll implement that myself and try and digest the other one too and if I get stuck I will definitely send it your way and as for the link I have not had the chance to look at that yet but I will.

So that is the…[Read more]

]]> 063a9e61494dea1644edf27e4d10bf38 Paterson00 replied to the topic Gearing on defense housing. I am new to investing in the forum Finance https://www.propertyinvesting.com/topic/4410317-gearing-on-defense-housing-i-am-new-to-investing/#post-4696656 Thu, 28 Nov 2013 09:11:06 +0000 As I understand you can buy a plot of land and build to defense housing specifics and then rent it to them with the same perks and as a result you could get all the full depreciation of a new build which I have just learnt about and but in your chosen area so long as it suits the defense.  If this is true you could avoid the hang up of having to…[Read more]

]]> 34b132add9cb73ec0e5146307915cdfe Paterson00 replied to the topic Gearing on defense housing. I am new to investing in the forum Finance https://www.propertyinvesting.com/topic/4410317-gearing-on-defense-housing-i-am-new-to-investing/#post-4696654 Wed, 27 Nov 2013 12:57:27 +0000 Firstly, thanks very much for being encouraging more questions. I have used forums for many things in the past on different subjects and have always felt that there is someone at the other end thinking    "AAAAARRRGGGHHH, have you still not got this?, I don't want to explain it again" so thanks again.

Your absolutely right I had been doing my…[Read more]

]]> 620a5261d3dca0a1ab20ebd00580840f Paterson00 replied to the topic If this was your situation, what would you do? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410279-if-this-was-your-situation-what-would-you-do/#post-4696375 Tue, 26 Nov 2013 11:27:20 +0000 Thanks Jamie, that makes a lot of sense but doing the maths my way it doesn't come out as much difference either way unless I am missing something.  Lets see if I can explain my point the way I understand it without making this too confusing.

If you do as you say in the article and pay down the loan to $100k this means you are now bringing in…[Read more]

]]> e8998440f9b3e46e9862de1b61d6f8a5 Paterson00 replied to the topic Gearing on defense housing. I am new to investing in the forum Finance https://www.propertyinvesting.com/topic/4410317-gearing-on-defense-housing-i-am-new-to-investing/#post-4696652 Tue, 26 Nov 2013 10:43:44 +0000 Catalyst wrote:
Hi, the house won't cost you $74,880 to buy a $400,000 house. That's how much on top of the $400,000 to buy it. 

Hi Catalyst.  I was basing that figure on how much of my own money I would be using to buy it based on the fact that the tenant would be repaying a repayment mortgage for the rest of the money.  

So I need to…[Read more]

]]> d38f8dfc198b3d57d970176683ab0071 Paterson00 replied to the topic Gearing on defense housing. I am new to investing in the forum Hi Richard  https://www.propertyinvesting.com/topic/4410317-gearing-on-defense-housing-i-am-new-to-investing/#post-4696649 Mon, 25 Nov 2013 09:21:49 +0000 Hi Richard 

thanks for your comments.  I'm interested to know why it is that you are investing in the UK if you are residing in Oz.  As I think I said above, my current rental property is in the UK and I hadn't really considered another one there although they are cheaper there and would suit my current aversion to risk and lack of knowledge…[Read more]

]]> cd8f6750326a9458bc28356b21805647 Paterson00 replied to the topic If this was your situation, what would you do? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410279-if-this-was-your-situation-what-would-you-do/#post-4696370 Sun, 24 Nov 2013 15:41:33 +0000 Catalyst wrote:

wilko1 wrote:

But as I said if the PPOR you are living in now will become an IP STOP paying it down otherwise you will have another IP with no deductable debt.

Hi again as a newbie.  This little quote reflects my inexperience as I would have said that if you get rid of the principle as well as the interest you eventually…[Read more]

]]> 809ee79c67a5fa8a1b10e575a4b60380 Paterson00 replied to the topic Help - I am a new investor and my mind is boggled! in the forum Help Needed! https://www.propertyinvesting.com/topic/4410260-help-i-am-a-new-investor-and-my-mind-is-boggled/page/2/#post-4696255 Sun, 24 Nov 2013 14:21:15 +0000 cbarry wrote:
Yes, you're right Freckle, I don't have a complete understanding of either, hence why I am doing my research reading, talking to various people and interacting on this forum. I am definitely ensuring I get an understanding of "The game" , to extent that my broker told me to stop over analysing everything and just simply buy…[Read more]

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