PropertyInvesting.com | PenguinJr | Activity https://www.propertyinvesting.com/members/penguinjr/activity/ Activity feed for PenguinJr. Sun, 12 Apr 2026 10:14:03 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 24aae05beb0f1db0b4d1cb10e5731bcf PenguinJr replied to the topic IP in Perth in the forum General Property https://www.propertyinvesting.com/topic/4372817-ip-in-perth/#post-4467151 Wed, 14 Apr 2004 14:18:02 +0000 HHhmmMmMm.. so.. help me out here…

Queensland would be a much better place to look for positive cash flow IP yes?

and whats that about land tax? letting fee?

Thanx, i’m still a newbie.

Financially Independent = Gateway to FastTrack

]]> 61c5148b8491427a7c98926e41e0c8ac PenguinJr replied to the topic st george lo doc in the forum Finance https://www.propertyinvesting.com/topic/4371766-st-george-lo-doc/#post-4458726 Sun, 07 Mar 2004 08:32:28 +0000 Hi guys,
What’s needed to qualify for a lodoc anyway?

Financially Independent = Gateway to FastTrack

]]> b329696f37cefd4feb4b2c306ffe5a4e PenguinJr replied to the topic Finance in the forum General Property https://www.propertyinvesting.com/topic/4371724-finance-8/#post-4458341 Wed, 03 Mar 2004 13:04:25 +0000 Hmm..

Hey Derek, do you mind explaining wat ‘savvy’ is? and the concept of line of credit?

Thanx in advance =)

Financially Independent = Gateway to FastTrack

]]> a58ca20aa5abd136422791a3227b6b19 PenguinJr replied to the topic Difference in QLD and NSW in the forum No Subject https://www.propertyinvesting.com/topic/4371495-difference-in-qld-and-nsw/#post-4456174 Sat, 28 Feb 2004 05:01:52 +0000 guys? girls? According to http://www.reiv.com.au/information/pg_info_calc.html
QLD pays more stamp duty than NSW, is this true?

Financially Independent = Gateway to FastTrack

]]> 9e160e03eb94e1f7f4fa28dea2d86091 PenguinJr replied to the topic Tax Office Targets in the forum General Property https://www.propertyinvesting.com/topic/4371512-tax-office-targets/#post-4456387 Thu, 26 Feb 2004 08:29:30 +0000 Oh nice, where did u get that review from?

Financially Independent = Gateway to FastTrack

]]> 38128dc18e2eb54fcec68080b04ec4b3 PenguinJr replied to the topic Difference in QLD and NSW in the forum General Property https://www.propertyinvesting.com/topic/4371495-difference-in-qld-and-nsw/#post-4456173 Thu, 26 Feb 2004 08:25:14 +0000 btw according to the calculator that georgisj gave, QLD pays more stamp duty than NSW?!

Financially Independent = Gateway to FastTrack

]]> d08c3b525e4cdce8b6657cf8fcc9579f PenguinJr replied to the topic Difference in QLD and NSW in the forum General Property https://www.propertyinvesting.com/topic/4371495-difference-in-qld-and-nsw/#post-4456172 Thu, 26 Feb 2004 08:23:54 +0000 Hm.. thanx guys.

I’m looking for an investment property in QLD for B&H and maybe wraps.

Financially Independent = Gateway to FastTrack

]]> 80692d8d1178afb7b344f49c2b931f9d PenguinJr replied to the topic anyone with unwanted +ve properties? in the forum General Property https://www.propertyinvesting.com/topic/4371444-anyone-with-unwanted-ve-properties/#post-4455637 Tue, 24 Feb 2004 14:38:02 +0000 …..

Financially Independent = Gateway to FastTrack

]]> 35cbbcc4145d617c0328d90fb7b7366f PenguinJr replied to the topic Needing Finance!!! in the forum Finance https://www.propertyinvesting.com/topic/4371401-needing-finance-3/#post-4455360 Mon, 23 Feb 2004 10:49:52 +0000 To qualify for loans such as the ‘loDoc’ or ‘noDoc’, do they only need the average income and a substantial amount of deposit?

They dont need things such as proof of bill payments and stuff?

Sorry if I sound ignorant, i’m still learning.

Financially Independent = Gateway to FastTrack

]]> 22533c9e0851e4ba8750f712d9279466 PenguinJr replied to the topic anyone with unwanted +ve properties? in the forum General Property https://www.propertyinvesting.com/topic/4371444-anyone-with-unwanted-ve-properties/#post-4455634 Mon, 23 Feb 2004 10:45:56 +0000 hm… yea.. I’m well aware of those…

Its just that I just started on my self-employment… and I know that its gonna take time for the lenders to approve me. Even then, I still wanna learn as much as possible whilst gathering up the cash and building up some good income statement to convince the lenders.

This is one of the many resources that…[Read more]

]]> cd55421d604b12ceffe57964b9f4ce20 PenguinJr replied to the topic Question about commercial property and lease in the forum General Property https://www.propertyinvesting.com/topic/4371389-question-about-commercial-property-and-lease/#post-4455313 Mon, 23 Feb 2004 10:34:09 +0000 Hm.. all in all I basically understood what everyone was saying, and that there is this convention of charging rents on a monthly basis.

I also understand the importance of analysing the clauses carefully…

but I’m not too sure if I understand the following:

Originally posted by elves:
1 year, with option to resign at 3+3, so first year if ok…[Read more]

]]> e9b1b9dcf023f895d9d110f85d92df70 PenguinJr replied to the topic Picking your Investing 'Team' in the forum General Property https://www.propertyinvesting.com/topic/4371252-picking-your-investing-team/#post-4454424 Sun, 22 Feb 2004 06:24:06 +0000 So we should only have a banker/mortgage broker?
Whereas we can have a different conveyancer, solicitor, etc according to the locations?

Financially Independent = Gateway to FastTrack

]]> fa4e3809328d7155c8ee8c883ebb536c PenguinJr replied to the topic Question about commercial property and lease in the forum General Property https://www.propertyinvesting.com/topic/4371389-question-about-commercial-property-and-lease/#post-4455308 Sun, 22 Feb 2004 06:20:29 +0000 the difference in a year.

Financially Independent = Gateway to FastTrack

]]> 340c03a4ed0f17013fcb98a1cf404f73 PenguinJr replied to the topic Question about commercial property and lease in the forum General Property https://www.propertyinvesting.com/topic/4371389-question-about-commercial-property-and-lease/#post-4455306 Sat, 21 Feb 2004 17:41:33 +0000 Hmm.. interesting..

and part of the reason why I asked whether it matters if its paid monthly or weekly is… if you get paid monthly… you only get y x 12 = 12y. if you get paid weekly.. you get y/4 x 52 = 13y. A month worth of lease difference.

Anywayz… I’ll do more research on this. thanx peeps.

]]> e71dc09e5b65d248841d770a704d9d71 PenguinJr replied to the topic Interest only mortgage and 2nd mortgage in the forum Finance https://www.propertyinvesting.com/topic/4371390-interest-only-mortgage-and-2nd-mortgage/#post-4455317 Sat, 21 Feb 2004 17:29:44 +0000 Thanx guys,

Thats what I thought too… damn mortgage choice… >.<

]]> 9f9bd440d0b770ccb9e53af027224493 PenguinJr replied to the topic What's capitalisation rate? in the forum General Property https://www.propertyinvesting.com/topic/4371360-whats-capitalisation-rate/#post-4455128 Sat, 21 Feb 2004 02:03:57 +0000 oww.. i get it… Thanx peeps =).

]]> 22d411f07f093680821df04520d65473 PenguinJr replied to the topic Question about reno in the forum General Property https://www.propertyinvesting.com/topic/4371358-question-about-reno/#post-4455105 Sat, 21 Feb 2004 02:02:21 +0000 Hm.. good point guys =).
win/win situation huh ^^, thanx.

]]> c66a1adca812c75dc340870db0b0b297 PenguinJr replied to the topic Advice on Tenders..... in the forum Help Needed! https://www.propertyinvesting.com/topic/4371307-advice-on-tenders/#post-4454783 Fri, 20 Feb 2004 16:22:09 +0000 Hm… I understand tender and stuff..

but for the deposit bond… is it like a … um… “promise” in a way? but it needs an approval first right?

]]> 84bae9b7ad5ff36365efc63e105b5999 PenguinJr replied to the topic The order of getting a property in the forum Help Needed! https://www.propertyinvesting.com/topic/4371334-the-order-of-getting-a-property/#post-4454922 Fri, 20 Feb 2004 14:12:17 +0000 Wow.. very detailed information guys =)..

I understood everything except ‘trust’… What is a trust?

And btw, if you’re pre-approved already, why do you need those current pay slips and stuff? And the thing with me is that I’m mostly self-employed. Hmm..

But thanx for the insight, i’ll be sure to save all those information. [^]

]]> b363b7ee5bf83eacb64b9d3378f14dc2 PenguinJr replied to the topic What's capitalisation rate? in the forum No Subject https://www.propertyinvesting.com/topic/4371360-whats-capitalisation-rate/#post-4455126 Fri, 20 Feb 2004 13:57:39 +0000 I know that no-one has said it… I was just making a conclusion from all that and ponder if I understood cap rate properly or not.

]]> 0ee3614e6536cb8043d684858754df51 PenguinJr replied to the topic What's capitalisation rate? in the forum General Property https://www.propertyinvesting.com/topic/4371360-whats-capitalisation-rate/#post-4455124 Fri, 20 Feb 2004 03:04:02 +0000 Hm..

So as an investor, we’re looking for highest capitalisation rate as possible huh?

And this is used to compare the prices?

Thanx for the help guys.

]]> 2e912e5a867121e3025ed36f44d67011 PenguinJr replied to the topic The order of getting a property in the forum Help Needed! https://www.propertyinvesting.com/topic/4371334-the-order-of-getting-a-property/#post-4454914 Wed, 18 Feb 2004 14:17:41 +0000 Thanx guys.

Keep that in mind.

]]> e73b514bde4830ad4c89c91b9d2938f6 PenguinJr replied to the topic The order of getting a property in the forum Help Needed! https://www.propertyinvesting.com/topic/4371334-the-order-of-getting-a-property/#post-4454911 Wed, 18 Feb 2004 11:19:06 +0000 Hmm…

Thanks =). Does anyone else have a different order or anything? I dont mean anything bad to Judi, he actually has enlighten my confused mind (since i’m inexperienced in this), but I’m just wondering if this is the typical approach or is there a completely different approach?

Thanks a whole heap Judi [;)]

]]> e1107f53da6b0882bb53fa72ca78eab2 PenguinJr replied to the topic Advice on Tenders..... in the forum Help Needed! https://www.propertyinvesting.com/topic/4371307-advice-on-tenders/#post-4454781 Wed, 18 Feb 2004 09:52:56 +0000 …

Whats tender?

And what’s up with the high deposit?

Whats deposit bond?

>.<

]]> c7a82805debd06d5a7c18df1bcdaa531 PenguinJr replied to the topic Refinancing, definition? in the forum Finance https://www.propertyinvesting.com/topic/4371306-refinancing-definition/#post-4454773 Tue, 17 Feb 2004 12:47:09 +0000 thanx!

I would like to learn as much as I can during these couple of months while I gather up some deposit money and researching on potential investment property.

So any help is always appreciated =).

]]> 35e420ad9ce8aa2ea256bd65de3b654f PenguinJr replied to the topic Refinancing, definition? in the forum Finance https://www.propertyinvesting.com/topic/4371306-refinancing-definition/#post-4454771 Tue, 17 Feb 2004 11:14:58 +0000 hm.. That makes full sense…

It also made me realise that homeLoan is different with mortgage for investment property…
Or the word ‘mortgage’ can apply for both?

P.S. *I can feel my brain expanding =)

]]> 260fd386c428c35f1f3f07ff999f847b PenguinJr replied to the topic Refinancing, definition? in the forum Finance https://www.propertyinvesting.com/topic/4371306-refinancing-definition/#post-4454769 Tue, 17 Feb 2004 10:44:56 +0000 Hmm.. interesting…

Do you mind going into detail of the tax implications for that?

Thanx a whole heap for the infos mortgagehunter =).

]]> 77e7d006e619acf7880aec2dacf1a4fe PenguinJr replied to the topic Refinancing, definition? in the forum Finance https://www.propertyinvesting.com/topic/4371306-refinancing-definition/#post-4454767 Tue, 17 Feb 2004 10:16:11 +0000 ok.. so how does getting a new appraisal and asking for a new mortgage is considered re-financing?

My question derived from the example of “real estate riches” book by dolf de roos. A property went up from $1 m to $3 million, and by refinancing he got $2.7m, and he used that to pay his $900k mortgage (he only had $100k at start), which leaves him…[Read more]

]]> 2ec54eca4488ed7da48d5cb0356a2af5 PenguinJr replied to the topic Just starting out in the forum Help Needed! https://www.propertyinvesting.com/topic/4371237-just-starting-out-4/#post-4454337 Mon, 16 Feb 2004 12:48:01 +0000 Thanx for the info mortgage hunter =).

And I’m assuming ‘clause’ is a settlement period?

]]> 9d8aa974f70f7aa06e9de0a9deaac9ea PenguinJr replied to the topic loan affordability in the forum Finance https://www.propertyinvesting.com/topic/4371242-loan-affordability/#post-4454369 Mon, 16 Feb 2004 08:46:17 +0000 Hey young, wheres this “loan servicability”?

I have the same question too..

]]> 59188a082e8a3db76e59f2d53cb2d633 PenguinJr replied to the topic PPoR or IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4371241-ppor-or-ip/#post-4454360 Mon, 16 Feb 2004 08:40:44 +0000 Guys!!

Whats PPoR? and LMI?

FHOG = First Home Owner Grant?
What exactly do you get in this?

I’m 19 yrs old and I’m ashamed to say that I have no savings >.<.

I’ve been given a wake up call after I read Rich Dad Poor Dad book and Steve’s book.

Thanx for the help.

P.S. Hey YoungInvestor, wanna get in touch through email or something? your…[Read more]

]]> 7a455175c97ef111499cf08f570c5c1a PenguinJr replied to the topic Just starting out in the forum Help Needed! https://www.propertyinvesting.com/topic/4371237-just-starting-out-4/#post-4454335 Mon, 16 Feb 2004 08:30:00 +0000 Hi there guys, I’m just wondering…

How likely is it that we can only put a deposit down of 5%, or even only $1000 (as steve said he had done in the book).

And a question about the expenses, what are ‘rates’?.

Also, is it better to find a mortgage first or sign a deal for a property first?

I’m really new in this thing.. thanks for any help.

]]> 27ec51f4355d3a93672b6f80f7d84157 PenguinJr replied to the topic Help! Beginner Investor. in the forum No Subject https://www.propertyinvesting.com/topic/4371192-help-beginner-investor/#post-4454068 Thu, 12 Feb 2004 01:12:09 +0000 LOL… I needed to know about the area and he just gave me some information on it, that doesnt make us being the committee does it? [:p]

Thanx for the info crj and chan$.

I’ll search harder next time =).

Its just that I watched Texas Chain Massacre lately u noe .. haha

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