PropertyInvesting.com | petrona | Activity https://www.propertyinvesting.com/members/petrona/activity/ Activity feed for petrona. Mon, 13 Apr 2026 05:43:41 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 8aafceefb90ece86d92f68063e9a5163 petrona replied to the topic What is best to buy: 1 bedroom versus 2 bedrooms? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400772-what-is-best-to-buy-1-bedroom-versus-2-bedrooms/#post-4629340 Thu, 19 Aug 2010 12:20:29 +0000 We have just divested ourselves of two 1-bedroom units and bought two 2-bedroom units instead.  We've found that one bedroom units are more difficult to rent and have lower capital gain, hence the swap.

]]> 8473e08a6240f55896e66d41f69455e5 petrona replied to the topic After signed O&A but changed mind, can simply tell the RA cant obtain finance be good enough? Thanks! in the forum Help Needed! https://www.propertyinvesting.com/topic/4400800-after-signed-oa-but-changed-mind-can-simply-tell-the-ra-cant-obtain-finance-be-good-enough-thanks/#post-4629475 Sat, 07 Aug 2010 12:35:43 +0000 How about something along the lines of, 'Subject to pest and building inspection reports to the satisfaction of the purchaser'?That way you (the purchaser) can say if you're satisfied or not.Just my 2 cents' worth.

]]> 40057aab4202bb7d862b4da2074658cd petrona replied to the topic Selling Investment Property to another Investor in the forum Help Needed! https://www.propertyinvesting.com/topic/4400782-selling-investment-property-to-another-investor/#post-4629406 Thu, 05 Aug 2010 13:27:50 +0000 We have just sold two properties which were tenanted, to fellow investors.  In the ads (we advertised on realestate.com.au and domain.com.au, didn't use a RE agent but did it all ourselves) we did the following:- made it clear that there was an existing lease until month/year (eg. November 2010);- included the weekly rent;- made positive (and t…[Read more]

]]> aff8f0e7fbfebeaf8c606a4b1ec4d8e7 petrona replied to the topic Best way to put in offers?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400730-best-way-to-put-in-offers/#post-4629125 Mon, 02 Aug 2010 04:31:23 +0000 sammmeee, definitely go with your price of $275K.  If they say yes, you're done!  Easy :DIf they say no, make a lot of noises along the lines of, 'Oh….. that's disappointing….. my (wife/partner/OH/whatever) really doesn't want to pay above that…… s/he says it's not worth it to him/her to pay any more…….' then finish the call with, &…[Read more]

]]> 48e747e6c9552385b48590d663b7cb93 petrona replied to the topic Is my tax accountant charging too much? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400654-is-my-tax-accountant-charging-too-much/#post-4628615 Sat, 24 Jul 2010 12:40:40 +0000 That does sound overpriced, assuming you're a PAYG wage earner (ie. not a business owner etc).For our last returns, we were charged just over $400 each.  That's for PAYG stuff, charitable donations, medical expenses (we both spend over $1500 per year), other deductibles (work clothing for him, work-related study for me) and all the paperwork a…[Read more]

]]> 34df7feb07269188729ce2d44a39c424 petrona replied to the topic Where did you go wrong? in the forum General Property https://www.propertyinvesting.com/topic/4400648-where-did-you-go-wrong/#post-4628545 Fri, 23 Jul 2010 11:27:34 +0000 Okay, where we went wrong….1. Buying one bedroom units which were smaller than 50m2;2. Getting a friend to help us with the renovations on one of those units (took ten months and nearly sent us to the financial edge due to lost rental income over that time);3.  Buying one of those units in a really bad complex – no upkeep/maintenance done,…[Read more]

]]> a79f7fefd294168fd919970a35ebba21 petrona replied to the topic Anyone can recommand a good mortgage broker in Perth area? Someone you have dealt with maybe? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400528-anyone-can-recommand-a-good-mortgage-broker-in-perth-area-someone-you-have-dealt-with-maybe/#post-4627895 Sun, 11 Jul 2010 19:08:00 +0000 whoops double post!

]]> 66a250a21de8f5d6e1b96c57f4f1a14f petrona replied to the topic Anyone can recommand a good mortgage broker in Perth area? Someone you have dealt with maybe? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400528-anyone-can-recommand-a-good-mortgage-broker-in-perth-area-someone-you-have-dealt-with-maybe/#post-4627894 Sun, 11 Jul 2010 19:05:52 +0000 We've really liked dealing with Tyron Adametz, from Select Mortgage Services.  His mobile is 044 88 99 173.

]]> be56a46ac208d689bd84d4878e9ddbef petrona replied to the topic How do people build equity in the forum Creative Investing https://www.propertyinvesting.com/topic/4400510-how-do-people-build-equity/#post-4627786 Fri, 09 Jul 2010 23:17:35 +0000 We buy places that need work (renovation or rejuvenation) and do as much of it as we can ourselves.  This means we typically get it for a good price, and the cost of the renos is far less than the amount of capital gain we get from doing the work.

]]> 821ea1b32401cc0206f94db5947154d6 petrona replied to the topic How do I sell a property without using a real estate agent? in the forum General Property https://www.propertyinvesting.com/topic/4400487-how-do-i-sell-a-property-without-using-a-real-estate-agent/#post-4627675 Thu, 08 Jul 2010 13:00:22 +0000 I should probably add I'm not getting any kickbacks for advertising MHIFS, and I'm in no way connected or associated with them – we just had a great experience selling ourselves, and they were a big part of that. <end disclaimer>

]]> 4352fcc92ec7763ca56079fbeabf6383 petrona replied to the topic How do I sell a property without using a real estate agent? in the forum General Property https://www.propertyinvesting.com/topic/4400487-how-do-i-sell-a-property-without-using-a-real-estate-agent/#post-4627674 Thu, 08 Jul 2010 12:59:11 +0000 We have just sold a property in WA.  It was a unit in a strata titled complex.Documents required for the sale paperwork include:- an offer and acceptance contract (we used one we had previously signed as a template doc, which we then retyped in Word);- the joint conditions booklet (the yellow one) – this forms part of the contract of sale;-…[Read more]

]]> 33f41cb9a4a6174091fb59caf8cfb5be petrona replied to the topic Putting up with the people who knock you!!! in the forum Opinionated! https://www.propertyinvesting.com/topic/4399882-putting-up-with-the-people-who-knock-you/#post-4624232 Fri, 02 Jul 2010 23:59:53 +0000 I have to admit, of the people who we speak to about our properties, they are fairly carefully chosen.  Apart from immediate family (my parents & brother) and his dad and stepmum, other family aren't aware.  This includes my husband's mother, stepdad, sister and brother.  They wouldn't understand, and there's no point banging your head against a…[Read more]

]]> df0cba58e6f639c40e7da7093f94567e petrona replied to the topic how is possible still get positive gear property in the forum General Property https://www.propertyinvesting.com/topic/4393532-how-is-possible-still-get-positive-gear-property/page/2/#post-4589165 Fri, 02 Jul 2010 23:56:27 +0000 There are definitely ways to turn a -vely geared property into a positively geared one.  Of our four properties, two are +ve cash flow, and the other two are +vely geared after taking tax returns into account.  Our strategy is as follows:1.  Only buy places that need some work (you can negotiate a much better price if it's unappealing – it's am…[Read more]

]]> 981e35938cb86b44c5d9cf76800d3b70 petrona replied to the topic Depreciation Schedule in the forum General Property https://www.propertyinvesting.com/topic/4398456-depreciation-schedule-15/#post-4615249 Sun, 20 Jun 2010 11:19:16 +0000 We have had our four depreciation schedules done by Australian Tax Depreciation Services (ATDS).  They are excellent.  They charge $495 which includes a site visit, which is preferable.  Very happy with them.  We've just bought another property and will be going with ATDS for that schedule also.They have offices in all states of Australia too.…[Read more]

]]> 9a1c967eeaea8269a285ae559e4d00c3 petrona replied to the topic Hard to find deals in Perth in the forum Help Needed! https://www.propertyinvesting.com/topic/4399473-hard-to-find-deals-in-perth/#post-4621731 Sat, 19 Jun 2010 10:22:36 +0000 We haven't got into development as yet (we tend to buy units, renovate, furnish, then hold) but in my RE travels I've noticed both Balga and Osborne Park look like good candidates for capital growth – relatively close to the CBD, larger blocks with old houses still available, etc.  If I could convince the husband, that's what we'd be doing, but…[Read more]

]]> de1686b6915a1391d9b4c34692c13f64 petrona replied to the topic Negotiation skills in the forum We do the same thing.  In https://www.propertyinvesting.com/topic/4400233-negotiation-skills/#post-4626020 Mon, 14 Jun 2010 17:35:43 +0000 We do the same thing.  In fact we bought a property just under two years ago, renovated it (did a lot of the work ourselves) and just sold it for an amount 30% higher than the original price.  Not bad in a market supposed to be fairly flat.  Apart from completely renovating it, we added furniture, and tenanted it for an excellent price, which ma…[Read more]

]]> 73f339aff44c8cc94d933f0252bd3161 petrona replied to the topic Renewal Term of Lease in the forum Help Needed! https://www.propertyinvesting.com/topic/4400199-renewal-term-of-lease/#post-4625810 Fri, 11 Jun 2010 07:57:25 +0000 Here is a link to the Victorian Residential Tenancies' Act 1997:http://www.austlii.edu.au/au/legis/vic/consol_act/rta1997207/According to section 26 of the Act, all written tenancy agreements must be in a standard form.  A copy of this standard form can be found…[Read more]

]]> 088266eadb61a5fb153ae3d07b95d4fc petrona replied to the topic ATO Requirements re:Depreciation Schedules? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4400079-ato-requirements-redepreciation-schedules/#post-4625107 Sat, 29 May 2010 23:40:30 +0000 Definitely go for a QS.  We have used Australian Tax Depreciation Services for each of our four properties, and I can strongly recommend them. (And no I'm not an agent for them or a relative!)  They come out and do a site visit plus the schedule for $495, and are just excellent in terms of customer service etc.

]]> 127d66c90f2ed155c029f5a1152a8a26 petrona replied to the topic DIY Rental Agreement Forms in the forum You should be able to get https://www.propertyinvesting.com/topic/4399871-diy-rental-agreement-forms/#post-4624174 Wed, 12 May 2010 14:05:51 +0000 You should be able to get most of this stuff for free through the Department of Commerce's website:http://www.commerce.wa.gov.au/ConsumerProtection/Content/Real_Estate/Renting_and_tenancy/index.htmYou will need two copies of the lease agreement (either fixed or flexible, whichever you go for), and a copy of the Schedule 2 to give to the tenant…[Read more]

]]> 2f1c86363b780fc72318b52c0f0563ff petrona replied to the topic Investing in dodgy areas in the forum Help Needed! https://www.propertyinvesting.com/topic/4399780-investing-in-dodgy-areas/#post-4623568 Thu, 06 May 2010 03:40:05 +0000 Oh my.  This is an interesting topic!We bought a 1×1 apartment in the WA suburb of Osborne Park a couple of years ago.  While OP is not that bad overall, the apartment block itself was a bit of a blight on the landscape.  Extremely high proportion of tenants, most of whom were very dodgy types (we heard the block recently referred to as &#03…[Read more]

]]> 8a9fe573494e523f0f1a43554941536e petrona replied to the topic Good West Australian solicitor required in the forum Having bought five https://www.propertyinvesting.com/topic/4398875-good-west-australian-solicitor-required/#post-4617676 Thu, 25 Feb 2010 15:10:34 +0000 Having bought five properties in three years, I can strongly recommend BellMac Settlements.  Fantastic service and very competitive price-wise.  And their receptionist Rose is lovely too!  Contact number is (08) 9407 9226. 

]]> d45efff9b6f6222335bfc1b352a6883e petrona replied to the topic Can anyone recommend a good Quantity Surveyor in Adelaide? in the forum General Property https://www.propertyinvesting.com/topic/4396622-can-anyone-recommend-a-good-quantity-surveyor-in-adelaide/#post-4605960 Sat, 04 Jul 2009 00:44:42 +0000 For our properties we've used a company called Australian Tax Depreciation Services. They're a national company with offices in every state. They're very competitively priced and the service is excellent.  They give you a couple of differently priced options, one includes a site visit (which we've always gone for) and the other doesn't require a s…[Read more]

]]> 255eb7297fab4461ed4bcb9325825dce petrona replied to the topic Wallpaper removal + Bunnings kitchens in the forum Value Adding https://www.propertyinvesting.com/topic/4396299-wallpaper-removal-bunnings-kitchens/#post-4604321 Sun, 24 May 2009 12:51:24 +0000 Sorry, I should've said I used water to soak the wallpaper!  Whoops.

]]> 4d0e92087026fdc208c28ed8c0736d1e petrona replied to the topic Wallpaper removal + Bunnings kitchens in the forum Value Adding https://www.propertyinvesting.com/topic/4396299-wallpaper-removal-bunnings-kitchens/#post-4604320 Sun, 24 May 2009 12:50:56 +0000 I've removed wallpaper before by using a big sponge and just really soaking the paper – it just peeled off.  Although your situation may be different, as it's in the bathroom – a special glue may have been used to ensure it stayed on, as it's a high moisture environment.

]]> 4f56138bfa8ec8a794ae19a4e82ab25a petrona replied to the topic How long from 1st property to 2nd?? in the forum Value Adding https://www.propertyinvesting.com/topic/4395977-how-long-from-1st-property-to-2nd/#post-4602322 Sun, 12 Apr 2009 11:36:39 +0000 We did things a bit differently to shanematt's process. ;)When we bought our home, we borrowed up to the absolute maximum we could.  It was in late 2006, when the Perth property market was still booming like there was no tomorrow.  We knew that if we didn't buy a house at that point, that we'd probably miss the boat altogether.  Anyhow, due to a co…[Read more]

]]> c954701923ad6548ec03719523d5232e petrona replied to the topic Why self-manage your property...? in the forum General Property https://www.propertyinvesting.com/topic/4395964-why-self-manage-your-property/#post-4602260 Sun, 12 Apr 2009 03:02:13 +0000 The husband and I have a mix of skills that makes it pretty easy to self manage.  In my work I deal with legislative process, so I find interpreting the Residential Tenancies' Act straightforward.  The other part of my job is resolving grievances, so I'm used to dealing with all kinds of different people and resolving problems.  Hubby is the ul…[Read more]

]]> bf4e08d1b814db06fe49ef396136756d petrona replied to the topic Sharing Tips- in the forum General Property https://www.propertyinvesting.com/topic/4374439-sharing-tips/page/5/#post-4479120 Wed, 14 Jan 2009 12:49:19 +0000 TIPAlways look up when you're viewing a property.  Inside, this can reveal things like sagging ceilings and bad peeling in places like the bathroom; outside, it will tell you if the gutters etc look like they need work (whether this is repainting or replacement).TIPFeel the fear and do it anyway.  Most people are naysayers, and out of the g…[Read more]

]]> 9c4ee13f8a8a27f3f0c5c4943b8f5995 petrona replied to the topic Depreciation Report in the forum General Property https://www.propertyinvesting.com/topic/4394263-depreciation-report/#post-4593063 Sat, 25 Oct 2008 13:32:45 +0000 We've used Australian Tax Depreciation Services for all our properties, all of which were pre-1985.  For a full depreciation report, including site visit, it cost us $495.  They have offices across Australia.  I think their customer service is excellent, we've been very happy with their work, and I'd recommend them to anyone. NB: no, I'm in no wa…[Read more]

]]> 2d20b74b5bc34eb9206c98dd99fda130 petrona replied to the topic House vs Unit Purchase in the forum General Property https://www.propertyinvesting.com/topic/4394576-house-vs-unit-purchase/#post-4594865 Sat, 25 Oct 2008 13:07:54 +0000 Hi Ajay,There are disadvantages, certainly.  Off the top of my head, they include:decreased capital growth compared to houses;regular strata fees (normally every quarter);the occasional 'special levy' when the common areas need to be improved (eg. repainting gutters);generally higher tenant turnover;other tenant-related issues, such as noise from…[Read more]

]]> 32bd6e3bae4aebdeac4e332f9ed07719 petrona replied to the topic Private Renting - Good Internet Sites in the forum General Property https://www.propertyinvesting.com/topic/4393596-private-renting-good-internet-sites/#post-4589559 Sun, 06 Jul 2008 06:01:28 +0000 We just rented out our unit in Glendalough, WA.  One of the things on our application for tenancy form is where did the applicant hear of the unit.  We advertise using a number of options, including an ad in The West Australian on Wednesdays and Saturdays.  Anyhow, all our applicants ticked Gumtree.

]]> e8c34ed82197e2f83e35061dd45b031c petrona replied to the topic Vinyl Flooring in the forum Value Adding https://www.propertyinvesting.com/topic/4392779-vinyl-flooring/#post-4585255 Thu, 12 Jun 2008 10:34:42 +0000 jamie2006 wrote:
You can also save money be pulling up your old carpet yourself before the new floor is done.

Not sure if the OP has gone ahead with the vinyl or not, but thought I'd post this anyhow for others who may be looking at doing the same thing…As well as ripping up your old carpet yourself, you can polish the boards yourself too -…[Read more]

]]> b36f68c34a4c6f618b620e134381cf43 petrona replied to the topic Oven / Cooktop / Rangehood combo in the forum Value Adding https://www.propertyinvesting.com/topic/4393469-oven-cooktop-rangehood-combo/#post-4588790 Thu, 12 Jun 2008 10:31:01 +0000 We've always used Rick Hart Seconds – not sure if Rick Hart is a national franchise or not though!  We paid something like $800 for an oven/cooktop/rangehood combo, three months ago.  We couldn't find anywhere that came close to matching it.Basically, anywhere that sell seconds is a great place to start.  Good luck!!

]]> 7e07863c523d5d0c7cdbf5ae092631d4 petrona replied to the topic Overwhelmed and being driven crazy by other people's advice in the forum General Property https://www.propertyinvesting.com/topic/4392935-overwhelmed-and-being-driven-crazy-by-other-peoples-advice/#post-4585814 Thu, 17 Apr 2008 09:49:05 +0000 There are pros and cons for both.  However I prefer to stick to units which are close to the capital city, for the following reasons:1.  They're easy to tenant – there's always a lot of people who want to live close to town for work;2.  The strata looks after all the gardens, which removes one area of concern when renting a place;3.  Units are eas…[Read more]

]]>