PropertyInvesting.com | Pete | Activity https://www.propertyinvesting.com/members/pjewitt/activity/ Activity feed for Pete. Wed, 15 Apr 2026 02:33:17 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 d823884e0c358a9648a46a672306f7d0 Pete replied to the topic Career Insight in the forum Help Needed! https://www.propertyinvesting.com/topic/5048495-career-insight/#post-5048506 Thu, 08 Nov 2018 10:19:00 +0000 Thanks Chris. Once I’m post surgery and know the outcome I’ll get in contact and have a chat.

cheers

Pete

]]> 339f6da693695a02d5afa04aa08c9bfe Pete started the topic Career Insight in the forum Help Needed! https://www.propertyinvesting.com/topic/5048495-career-insight/ Tue, 06 Nov 2018 04:28:56 +0000 Hi everyone,

I’m hoping to get some opinions from those who work in the finance industry. Due to a recent spinal injury, it appears the need for a career change has been thrust upon me. I’m currently a tradesman and have been my entire working career.

As investing has been my passion since buying my first IP at the age of 21, I’m looking at…[Read more]

]]> 7c37b1f4c5b9668a6434e55de3010b3d Pete replied to the topic 13 Strategies for when you move out of the PPOR and want to keep it in the forum General Property https://www.propertyinvesting.com/topic/5037824-13-strategies-for-when-you-move-out-of-the-ppor-and-want-to-keep-it/#post-5040622 Sat, 14 Oct 2017 21:58:01 +0000 Thanks for clarifying Terry.

cheers
Pete

]]> a7b31afaa9071644f1f995143150c6b6 Pete replied to the topic 13 Strategies for when you move out of the PPOR and want to keep it in the forum General Property https://www.propertyinvesting.com/topic/5037824-13-strategies-for-when-you-move-out-of-the-ppor-and-want-to-keep-it/#post-5040529 Sun, 08 Oct 2017 23:55:20 +0000 Great post Terry. I have one question relating to Strategy 11. You mention borrowing 105% from the start. Can that still be done? I haven’t bought a PPOR for almost a decade so am not familiar with such details.

cheers
Pete

]]> 427ff20ee50bdee88f109f2e437aa7e0 Pete replied to the topic And/Or Nominee in South Australia & WA in the forum Help Needed! https://www.propertyinvesting.com/topic/5040436-andor-nominee-in-south-australia/#post-5040497 Sat, 07 Oct 2017 10:23:34 +0000 Hi Terry,

Yes I made around 20k between the two. I’ve just edited my previous post, I don’t recall paying stamp duty, but I can’t confirm whether I did or didn’t pay stamp duty (my records don’t go back that far). I’m interested to know if you can clarify for me.

cheers
Pete

]]> 286c202c27061c685193414d7775f246 Pete replied to the topic And/Or Nominee in South Australia & WA in the forum Help Needed! https://www.propertyinvesting.com/topic/5040436-andor-nominee-in-south-australia/#post-5040497 Sat, 07 Oct 2017 10:23:34 +0000 Hi Terry,

Yes I made around 20k between the two.

]]> c7455df5713bde53aaf5726022f49c50 Pete replied to the topic And/Or Nominee in South Australia & WA in the forum Help Needed! https://www.propertyinvesting.com/topic/5040436-andor-nominee-in-south-australia/#post-5040493 Sat, 07 Oct 2017 08:03:12 +0000 I’ve used “and/or nominees” on-selling 2 blocks of land between signing the contracts and settlement dates here in South Australia, but not sure if what I did is comparable to what you have in mind. As I used an “Assignment of Contract” to sell both blocks, I never got to settlement personally so didn’t have to pay stamp duty (that I recall).…[Read more]

]]> d2ac946bfc391625de99aee3eb04c7af Pete replied to the topic And/Or Nominee in South Australia & WA in the forum Help Needed! https://www.propertyinvesting.com/topic/5040436-andor-nominee-in-south-australia/#post-5040493 Sat, 07 Oct 2017 08:03:12 +0000 I’ve used “and/or nominees” on-selling 2 blocks of land between signing the contracts and settlement dates here in South Australia, but not sure if what I did is comparable to what you have in mind. As I used an “Assignment of Contract” to sell both blocks, I never got to settlement personally so didn’t have to pay stamp duty. Also, this was 9…[Read more]

]]> 88d0ceae258478fdbf46cead9d722989 Pete replied to the topic Binding Financial Agreement in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5034023-binding-financial-agreement/#post-5034155 Thu, 16 Mar 2017 12:17:43 +0000 Thanks for your opinions guys.

cheers
Pete

]]> a7595995978e3291ba5c35eb0f0434d5 Pete started the topic Binding Financial Agreement in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5034023-binding-financial-agreement/ Fri, 10 Mar 2017 22:23:29 +0000 Hi everyone,

Has anyone here ever set up a binding financial agreement, and if so, how much did it cost? Have just been given a ballpark figure of 5-6k by a solicitor. I know it pays to shop around with just about anything so am curious to know if this figure is about right.

I’ve seen online there are companies where you can buy a template for…[Read more]

]]> 67e3dee8f0a18db692210eea58a14eb8 Pete replied to the topic How guarantees work in the forum Finance https://www.propertyinvesting.com/topic/5032461-how-guarantees-work/#post-5034017 Fri, 10 Mar 2017 08:00:55 +0000 Hi Corey,

Does the security for the guarantee have to be property? I have 100k which I invest with a local developer, for which I get a cash return at the end of each development. Could this investment capital potentially be used as a guarantee to purchase more property? Am currently weighing up whether to take one of my IPs to 90%LVR to…[Read more]

]]> 501c62c71dfa6d9a5124bf23db4e0db8 Pete replied to the topic Calculating proportion of CGT in the forum Help Needed! https://www.propertyinvesting.com/topic/5029828-calculating-proportion-of-cgt/#post-5030144 Sun, 02 Oct 2016 23:18:49 +0000 I was advised by my accountant at the time to get a valuation done on my PPOR when I was ready to move out and make it an IP, which could help when it came to minimising CGT when selling. I just got the real estate agent who was selling us our new PPOR to do one when she came out (and put it in writing) to the house with the paperwork for our new…[Read more]

]]> fbe5313ed9bd643639003bc7d136cbff Pete replied to the topic Real Wealth Australia in the forum Heads Up! https://www.propertyinvesting.com/topic/4408954-real-wealth-australia/#post-5018756 Mon, 04 Jan 2016 21:08:06 +0000 Cynthia a couple of books I found a worthwhile read are “Borrowing to Invest” by Noel Whittaker, Steve McKnight’s 0-130 properties book and Gavin McPhersons “Value Investing in Property”. The first two books I read about 10 years ago when I was just starting out, so can’t say how relevant they are today. Noel Whittaker’s book compares borrowing…[Read more]

]]> 36c82245c0ffcc9bfa7c0fde0dd7c016 Pete replied to the topic Litigator / Barrister in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5018010-litigator-barrister/#post-5018219 Mon, 21 Dec 2015 06:35:38 +0000 Was a loan agreement the only paperwork written up? I’m curious as to how your investment was structured. I invest with a local developer here in Adelaide with a similar sounding setup. I sign a loan agreement for the development, but also have a caveat over the property. Is this something similar? For my own interest, what’s the company’s…[Read more]

]]> 78bc1334aef6268bf2239fbf283ff280 Pete replied to the topic Reality Check in the forum Help Needed! https://www.propertyinvesting.com/topic/5017914-reality-check-3/#post-5018218 Mon, 21 Dec 2015 06:27:33 +0000 I can attest to what Benny is saying about having negatively geared properties being cash flow positive. I have two IPs, one positively geared by around $70/wk and the other just scrapes in to positive territory by just a few dollars per week. Even though I’m in positive territory by just over $70/wk a week across the two, by the time I take…[Read more]

]]> 3ea242cbe2f8bcf52777967296a679b7 Pete replied to the topic www.investordeveloper.com.au has anyone used this service before ? in the forum Creative Investing https://www.propertyinvesting.com/topic/5016937-www-investordeveloper-com-au-has-anyone-used-this-service-before/#post-5017180 Thu, 03 Dec 2015 08:10:27 +0000 Companies like that do exist but sorting the dirt from the diamonds can be difficult, especially for the inexperienced. I invest with a small developer here in Adelaide for a great rate of return, but the bad apples out there tend to tarnish the name of all development companies from what I’ve seen on here.

cheers
Pete

]]> e926d44691170fbf600215da4bda2271 Pete replied to the topic 2nd hand smoke in the forum General Property https://www.propertyinvesting.com/topic/5016967-2nd-hand-smoke/#post-5016993 Mon, 30 Nov 2015 01:40:23 +0000 I totally agree with you on this Dean. How can a landlord be held liable for something that’s happening outside the boundaries of his property. If the tenant has an issue with the smoke (which I completely understand), let them leave but how the hell can they be entitled to compensation?!!

If the smell of the cigarette smoke had permeated into…[Read more]

]]> 9b54c21ae8208da85349954c11c1aeba Pete replied to the topic www.investordeveloper.com.au has anyone used this service before ? in the forum Creative Investing https://www.propertyinvesting.com/topic/5016937-www-investordeveloper-com-au-has-anyone-used-this-service-before/#post-5016992 Mon, 30 Nov 2015 01:27:04 +0000 I just had a quick look at their website. I’d be wary of any company that charges $10k for their coaching programme on top of doing the developments for you. Seems like they’re primary goal is to line their pockets, and not the clients’. Charge one or the other, but not both.

cheers
Pete

]]> 566ea8532a90075a702fc9dc9820b3cd Pete replied to the topic Rental Management Fees in the forum General Property https://www.propertyinvesting.com/topic/5016874-rental-management-fees/#post-5016991 Mon, 30 Nov 2015 01:19:25 +0000 I would add to this that expensive doesn’t necessarily mean you’ll be looked after either. I’ve typically paid around the 8% mark over the years, but have paid 11% at one agency, with their service being the worst I’ve experienced.

cheers
Peter

]]> f3a4fba36e368580ae05a9cd1710a36d Pete replied to the topic IP with a pool in the forum Help Needed! https://www.propertyinvesting.com/topic/5016676-ip-with-a-pool/#post-5016704 Sun, 22 Nov 2015 23:38:27 +0000 As someone who has a pool that gets used only a couple times a year during summer, while having to maintain it all year round, in my opinion, unless you can find tenants that are specifically looking for a pool, it might be off putting to every other potential applicant.

cheers
Pete

]]> ee76dd21d3479d5c5abf3f470bf0c64b Pete replied to the topic Real Wealth Australia in the forum Heads Up! https://www.propertyinvesting.com/topic/4408954-real-wealth-australia/#post-5015055 Mon, 26 Oct 2015 04:23:20 +0000 Have any of you that are looking into this mentorship done any research of your own yet? There’s a wealth of information out there, and most if not all of it is free. I’ve read a bunch of books (each book had a different approach), and each method had its strengths and weaknesses in my opinion. I read up on several different strategies, then…[Read more]

]]> 4de2f9ad5aea961d46303fee016cd2eb Pete replied to the topic Real Wealth Australia in the forum Heads Up! https://www.propertyinvesting.com/topic/4408954-real-wealth-australia/#post-5015055 Mon, 26 Oct 2015 04:23:20 +0000 Have any of you that are looking into this mentorship done any research of your own yet? There’s a wealth of information out there, and most if not all of it is free. I’ve read a bunch of books (each book had a different approach), and each method had its strengths and weaknesses in my opinion. I read up on several different strategies, then…[Read more]

]]> 75058bbf835c66e4725209de6acb0a1a Pete replied to the topic How to grow an investment portfolio with limited Equity in the forum Creative Investing https://www.propertyinvesting.com/topic/5014740-how-to-grow-an-investment-portfolio-with-limited-equity/#post-5014758 Mon, 19 Oct 2015 00:05:28 +0000 Great strategy (if you have the skills and time).

]]> cd02271e2b3c1a9bbccc9fcfc0b5c44d Pete replied to the topic Real Wealth Australia in the forum Heads Up! https://www.propertyinvesting.com/topic/4408954-real-wealth-australia/#post-5014446 Sun, 11 Oct 2015 22:56:10 +0000 I’d also like to hear how you arrived at your opinion of property investment Moggy as your views scream “bad experience” to me.

Losing income, particularly your job, is not a good position to be in, but it doesn’t mean the end of the world. This is my story of the last 8 years which I believve is a good example of this.

Near the end of 2008 I…[Read more]

]]> e8e0470e889931053054724221693b2c Pete replied to the topic Keep or sell in the forum Help Needed! https://www.propertyinvesting.com/topic/5014283-keep-or-sell-2/#post-5014406 Sat, 10 Oct 2015 12:09:55 +0000 Hi Lawrence,

How comfortably are you managing your overall debt between the properties? If it’s too much of a stretch financially to keep them both then selling one might be a good option.

Other factors such as age and how much you owe on your PPOR are going to be a factor as well. If you’re approaching retirement age and still have a large…[Read more]

]]> d3a34ff11db231c61ea5fc850775a40c Pete replied to the topic Real Wealth Australia in the forum Heads Up! https://www.propertyinvesting.com/topic/4408954-real-wealth-australia/#post-5014404 Sat, 10 Oct 2015 11:49:42 +0000 Properly managed, debt is a useful tool to help one achieve their investment goals.

True, no tenant = no income. But with a little research before you buy extended vacancies are highly unlikely.

I’d also argue that wanting to be successful at property investment does not equal greed. Property investment is something I’m passionate about….…[Read more]

]]> 3b99a01db3647ee80387a7f543176ecf Pete replied to the topic Real Wealth Australia in the forum Heads Up! https://www.propertyinvesting.com/topic/4408954-real-wealth-australia/#post-5014404 Sat, 10 Oct 2015 11:49:42 +0000 Properly managed, debt is a useful tool to help one achieve their investment goals.

True, no tenant = no income. But with a little research before you buy extended vacancies are highly unlikely.

I’d also argue that wanting to be successful at property investment does not equal greed. Property investment is something I’m passionate about….…[Read more]

]]> 8e5b827228e2820a5466e15ece5ab5ed Pete replied to the topic Real Wealth Australia in the forum Heads Up! https://www.propertyinvesting.com/topic/4408954-real-wealth-australia/#post-5014404 Sat, 10 Oct 2015 11:49:42 +0000 Properly managed, debt is a useful tool to help one achieve their investment goals.

True, no tenant = no income. But with a little research before you buy extended vacancies are highly unlikely.

I’d also argue that wanting to be successful at property investment does not equal greed. Property investment is something I’m passionate about….…[Read more]

]]> 0c527421175dec66c20ac7508e660e30 Pete replied to the topic Fear in the forum Opinionated! https://www.propertyinvesting.com/topic/5013926-fear-2/#post-5014402 Sat, 10 Oct 2015 11:20:29 +0000 Don’t let anyone hold you back Liam, as time is something you can’t get back. The earlier you start the better. And having the right people around you makes all the difference. The relationship I’ve built with my mortgage broker over the last 10 years has been an integral part of my success.

]]> 068ce2e16c747b303f80e0a4655f2072 Pete replied to the topic Elizabeth profiled in this month's API Magazine in the forum General Property https://www.propertyinvesting.com/topic/5014224-elizabeth-profiled-in-this-months-api-magazine/#post-5014393 Sat, 10 Oct 2015 03:00:59 +0000 Great idea! Count me in.

]]> 26a1ced5381c579edc0daa82c40de4e6 Pete replied to the topic Borrow or not??? in the forum Finance https://www.propertyinvesting.com/topic/5014118-borrow-or-not/#post-5014164 Sat, 03 Oct 2015 22:35:18 +0000 I invest with a developer who uses private investment capital to fund a large part of his developments. I believe he came up with the idea because when he started up banks wanted a maximum LVR of 50%, so he offers private investors a fixed rate of return on their money. It means he’s sharing the profits but it mitigates holding costs such as…[Read more]

]]> d4ad93145f03ada562ded6da3d480925 Pete replied to the topic LMI and deposit in the forum Finance https://www.propertyinvesting.com/topic/5014132-lmi-and-deposit/#post-5014163 Sat, 03 Oct 2015 22:24:54 +0000 I have to agree with Dean here. Particularly with your first purchase, if coming up with the cash needed is stretching your finances to the absolute limit, then buying now is probably not a good idea. Remember, there will always be another house!

cheers
Pete

]]> eddc4542ba8ccb833fb9867eaf64a87c Pete replied to the topic Mining Towns in the forum Help Needed! https://www.propertyinvesting.com/topic/5012086-mining-towns-9/#post-5014162 Sat, 03 Oct 2015 21:08:54 +0000 As someone who works in the mining industry I can tell you that there are more smaller companies going under as well as large scale lay-offs than you hear about in the media so be very wary about buying in a mining town. The industry will return to good times again but who knows how long it will take. As Buyers Agent wrote, timing is…[Read more]

]]> dcc713830ca8d792dce7c451db6c8780 Pete replied to the topic Move into IP or Rent? in the forum Help Needed! https://www.propertyinvesting.com/topic/5014105-move-into-ip-or-rent/#post-5014131 Fri, 02 Oct 2015 23:05:50 +0000 Negative gearing is a great aid/tool to help you achieve your investment goals, but the goal is not to make sure you keep making a loss each year on your IP. Sure, you get a bigger tax return with negative gearing, but what you get back in your tax return is only a portion of what you’ve forked out throughout the year. As an example, if your…[Read more]

]]> 35dcecfc959befdefc8b326df093f9ce Pete replied to the topic Adelaide Property Investment in the forum General Property https://www.propertyinvesting.com/topic/5013494-adelaide-property-investment/#post-5013881 Sun, 27 Sep 2015 08:08:24 +0000 Hi Corey, the IP that we’re selling is down at Aldinga Beach in Bayswood Estate. There’s a few reasons we’re selling but the main ones are:

1. To free up some cash. We’ll do well out of the sale as we got in while land was still cheap down there. This will enable us to pay down our mortgage and look for another investment.

2. While it’s given…[Read more]

]]> 93b13f91e3c7126cc307c05d5e6ae810 Pete started the topic wHere Group in the forum General Property https://www.propertyinvesting.com/topic/5013872-where-group/ Sun, 27 Sep 2015 01:52:06 +0000 Hi everyone,

Has anyone on the forum either dealt with or heard much about the wHere Group? Am considering investment beyond my hometown of Adelaide, and am looking for a cash flow positive property to replace an IP I’m in the process of selling now.

I’m not ruling out buying here in Adelaide, but lack of available free time to do the research…[Read more]

]]> 89f5d6100b9d4b469096fbd5100939a3 Pete replied to the topic Adelaide Property Investment in the forum General Property https://www.propertyinvesting.com/topic/5013494-adelaide-property-investment/#post-5013860 Sat, 26 Sep 2015 11:44:59 +0000 Living in Adelaide I’ve only ever invested here (to date at least). Am in the process of selling one of my IPs and will be in the market for a cash flow positive property when this one sells. Am very interested to see more examples.

]]> 43368135407533e336b54bf239e9c4b4 Pete started the topic Making Repairs Prior To Sale in the forum General Property https://www.propertyinvesting.com/topic/5013476-making-repairs-prior-to-sale/ Sat, 19 Sep 2015 08:12:27 +0000 Hi everyone,

My partner and I are selling one of our IPs. The spa bath in the main bathroom doesn’t work. Short version is I think we should get it fixed so it’s working when the house goes on the market, my partner thinks we should leave it as is and price it accordingly.

My view is that anything wrong with the property is going to give…[Read more]

]]> 540f1098adae4b15c88bfe7fa2272fad Pete replied to the topic off the plan financing??? in the forum General Property https://www.propertyinvesting.com/topic/5013068-off-the-plan-financing/#post-5013076 Thu, 10 Sep 2015 11:42:22 +0000 Hi Keith,

Where is your IP being built? Have you done your due diligence in terms of researching the area for growth/rental yield etc? I ask this because I built an off-the-plan IP 8 years ago without doing my research and it just hasn’t performed how I hoped it would. I picked a new estate on the outskirts of Adelaide to build because the…[Read more]

]]> 91e3503584a01666e065ce52c623938e Pete replied to the topic Extra money into reducing PPOR or IP loan or Super?? in the forum Help Needed! https://www.propertyinvesting.com/topic/5012996-extra-money-into-reducing-ppor-or-ip-loan-or-super/#post-5013071 Thu, 10 Sep 2015 08:30:32 +0000 Hi Jodie,

The advice I’ve always been given is to focus on reducing your non-deductible debt first, so I’d even have the $5k emergency money for your IP offsetting your PPOR.

As far as whether to switch your IP to P&I to keep the lower rate is switching lenders to keep a low interest rate an option? I’m certainly not the person to give advice…[Read more]

]]> e8690d3258a3cc6a024d0977f1d888ec Pete replied to the topic Starting all over again after a marriage separation in the forum Help Needed! https://www.propertyinvesting.com/topic/5012854-starting-all-over-again-after-a-marriage-separation/#post-5012880 Fri, 04 Sep 2015 22:37:18 +0000 Cattleya, very good advice regarding doing your own research regarding any investment. In regards to my post, I can only refer to my experience with how the developer I invest with works, which is very different to what you’ve guessed. To simplify how he works, an investor loans him “X” amount at “Y% p.a” interest rate, with capital and interest…[Read more]

]]> 7a86d125d18ef48eac6e986a23c7325a Pete replied to the topic buying property in the USA in the forum Help Needed! https://www.propertyinvesting.com/topic/5012565-buying-property-in-the-usa/#post-5012861 Fri, 04 Sep 2015 03:39:59 +0000 Hi David,

Steves’ fund? Can you elaborate please?

cheers
Pete

]]> 0fc9b9ab7342842ec2e430fab2f06ea8 Pete replied to the topic Starting all over again after a marriage separation in the forum Help Needed! https://www.propertyinvesting.com/topic/5012854-starting-all-over-again-after-a-marriage-separation/#post-5012858 Fri, 04 Sep 2015 02:16:05 +0000 Hi Sue,

Very sorry to hear about your current situation, but you’re being proactive about things which is a great start. If I may I’d like to offer an idea/suggestion that may (or may not) appeal to you. Although I’ve been investing in property for 15 years I am fairly new to this forum so I don’t know if this option is familiar with other…[Read more]

]]> 81bf5aebe92eb75cfb5acb2fcddbf665 Pete replied to the topic Buying Property/Holding property during a recession in the forum General Property https://www.propertyinvesting.com/topic/5012336-buying-propertyholding-property-during-a-recession/#post-5012748 Wed, 02 Sep 2015 00:03:07 +0000 Hi Ben,

In regards to Steves’ book I’ve wondered the same thing in regards to buying so many properties in such a short period of time. I must admit it was a number of years ago now that I read it so much of it I don’t remember, but I will say that times were different years ago. I bought my first ever property in 2001, a 2 bedroom freestanding…[Read more]

]]> 0fb4b3ddd44ccd096730914b2350792b Pete replied to the topic Property Managers (cost and expectations) in the forum Help Needed! https://www.propertyinvesting.com/topic/5012719-property-managers-cost-and-expectations/#post-5012746 Tue, 01 Sep 2015 23:39:45 +0000 My IPs are in Adelaide, and over the years have experienced varying levels of both fees and service. In SA 8.8%(GST inc.) seems to be the typical charge that I’ve seen. I’ve paid 11% before, but it was the agency that charged this premium rate where I received the worst service.

The biggest issues I’ve come across with Property Management…[Read more]

]]> 05b3235dd38c03bbe68c3136f3c157b4 Pete replied to the topic What would you do? in the forum Help Needed! https://www.propertyinvesting.com/topic/5012650-what-would-you-do-36/#post-5012678 Tue, 01 Sep 2015 00:24:13 +0000 Hi Benny, thanks for your thoughts on this.

Some answers to your post….

1.If there is CGT to pay if I sold, it should be minimal. On the advice of my accountant, I had the house valued when I moved out. The house next door which is essentially a mirror image of mine sold not long after I left for a figure that’s (as an estimate) maybe $20k…[Read more]

]]> 94d3040adb4dbdc285a81e2598431edd Pete replied to the topic Buying Property/Holding property during a recession in the forum General Property https://www.propertyinvesting.com/topic/5012336-buying-propertyholding-property-during-a-recession/#post-5012664 Mon, 31 Aug 2015 20:02:23 +0000 Hi Ben,

I don’t think there’s ever a bad time to invest in property, but I think one of the first things you need to ask yourself before putting yourself into a highly geared position is regarding your financial position and job security. Including the family home I own 3 properties, all with an LVR of 80% so I myself am highly geared. I’m more…[Read more]

]]> f8848016adb17f3d3cd73304630c9ff8 Pete replied to the topic Simultaneous Settlements in the forum Creative Investing https://www.propertyinvesting.com/topic/4410668-simultaneous-settlements/#post-5012663 Mon, 31 Aug 2015 19:07:52 +0000 This sounds like something I have done myself called an “Assignment of Contract”. After construction began on my last IP, I saw the opportunity to make some money onselling land in the Estate my IP was being built in due to the high level of demand (10 registered buyers per available block) and long settlement times. I successfully got my hands…[Read more]

]]> 3d1a29b58c2c12ebcfb84c3b709ad1a2 Pete replied to the topic Dual occupancy and sub division in the forum Help Needed! https://www.propertyinvesting.com/topic/5012635-dual-occupancy-and-sub-division/#post-5012662 Mon, 31 Aug 2015 18:12:24 +0000 I’m certainly no expert in the area of property development but $100k just to manage the project sounds absolutely ridiculous to me. Have you enquired with any building companies themselves? I know that here in Adelaide I see some of the larger project home builders even advertise on t.v that if you want to develop your property they can assist…[Read more]

]]> 6935f22b2097c9a89156568f805fc396 Pete started the topic What would you do? in the forum Help Needed! https://www.propertyinvesting.com/topic/5012650-what-would-you-do-36/ Mon, 31 Aug 2015 09:54:42 +0000 Hi everyone,

I’m interested to hear some opinions on making my next move to expand my portfolio. I’m considering selling one of my two investment properties to free up some cash but can see pros and cons to both selling and keeping this particular property. It’s an absolute gem as far as investment properties go, but can let it go if it’s the…[Read more]

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