PropertyInvesting.com | propertyjockey | Activity https://www.propertyinvesting.com/members/propertyjockey/activity/ Activity feed for propertyjockey. Mon, 13 Apr 2026 14:49:30 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 b57ed6a36032543b977f4995824ef3dd propertyjockey replied to the topic Strategist in Perth in the forum Help Needed! https://www.propertyinvesting.com/topic/4402190-strategist-in-perth/#post-4638126 Mon, 21 May 2012 09:17:13 +0000 Hi,To date I have used Metropole finance to refinance my existing PPOR and set up my LOC's. I am a newbie at investing and this will be my first IP I will be buying.The refinancing process was handled a little unprofessionally only because of the inexperience of the account manager I was assigned. However, we got there in the end.As for obtaining…[Read more]

]]> d04e1cd7e3bf918e99369af34ced605e propertyjockey replied to the topic Where should I spend the money? in the forum Value Adding https://www.propertyinvesting.com/topic/4402263-where-should-i-spend-the-money/#post-4638590 Tue, 04 Jan 2011 03:32:45 +0000 Hi all,Thanks for the fantastic insight.My question stems from my search for an overall strategy that will get me to my goal.Reno's may be part of the equation that gives me control over CG. Manufacturing it rather than waiting for it. I am looking at other 'add-value' techniques also. The overall strategy needs to give me control of a property…[Read more]

]]> aaac71e0b8cd0ec0a2c65a2f990e23d3 propertyjockey replied to the topic rpData OR myrpData? in the forum Help Needed! https://www.propertyinvesting.com/topic/4402298-rpdata-or-myrpdata/#post-4638789 Sat, 01 Jan 2011 06:46:59 +0000 I have been looking in the data banks of API.How do I go about finding out past sales in a particluar suburb / street?I would like to start getting a feel for what is the average sale price for a particular suburb. So that I may recognise an below intrinsic value when it crosses my eyes.Also, the length of time those houses spent on the market.PJ

]]> b4e40fdf3cdc432458fb7793b855b791 propertyjockey replied to the topic rpData OR myrpData? in the forum Help Needed! https://www.propertyinvesting.com/topic/4402298-rpdata-or-myrpdata/#post-4638787 Fri, 31 Dec 2010 13:59:08 +0000 Thanks Kaylah,I'll take a look.PJ

]]> ce9a1f02be79acad06e2eac890a9c753 propertyjockey replied to the topic One LOC for multiple IP's in the forum Hi all, When we say https://www.propertyinvesting.com/topic/4402288-one-loc-for-multiple-ips/#post-4638728 Thu, 30 Dec 2010 22:21:58 +0000 Hi all,When we say "……split it into separate sub-accounts"are we saying there will be totally separate bank accounts each with their own fees etc?Is this purely a bookkeeping thing? If it is, my wife is a book-keeper and could easily set up a set of boks for the LOC account within which would exist a number of transactions attributable to…[Read more]

]]> 16e53e6b95bef71953299d24e93e4f29 propertyjockey replied to the topic One LOC for multiple IP's in the forum Thanks guys for the https://www.propertyinvesting.com/topic/4402288-one-loc-for-multiple-ips/#post-4638725 Tue, 28 Dec 2010 23:07:07 +0000 Thanks guys for the confirmation.It is always appreciated.PJ

]]> 983f163fa16e626834b46e384523fb57 propertyjockey replied to the topic Who are the best clients for a wrap? in the forum Creative Investing https://www.propertyinvesting.com/topic/4401941-who-are-the-best-clients-for-a-wrap/#post-4636601 Thu, 23 Dec 2010 01:14:39 +0000 Hi MrFairGo,Thanks for the excellent insight.I am attracted to vendor financing as a business model that directly compliments my investment activities.Having been burnt by past business ventures, I am just wary of claims about the ease of running a business. Nothing like old school experience!I am currently weighing up my options based on my…[Read more]

]]> 92d938702b31d61744aff506b7d710ea propertyjockey replied to the topic I don't think the numbers are right? in the forum Help Needed! https://www.propertyinvesting.com/topic/4402258-i-dont-think-the-numbers-are-right/#post-4638565 Thu, 23 Dec 2010 00:05:53 +0000 Dockster,I would have thought the purchase price is the purchase price. Why should this effect the performance?I am led to believe residential properties within the 5 – 10km zone of any CBD should always perform better than the averages. On all fronts.Why would a 'middle of nowhere' suburb with no obvious economic driver (mine etc.) out perform a…[Read more]

]]> 43a1f253e7cca57fe5f28bcc2b2f66ba propertyjockey replied to the topic Does value drop after subdivision? in the forum Value Adding https://www.propertyinvesting.com/topic/4402243-does-value-drop-after-subdivision/#post-4638495 Wed, 22 Dec 2010 02:50:36 +0000 Grinmar,Is subdivision the only way to inject cash into the initial debt of the IP?I have looked at vendor financing from the angle of improving cashflow instead of reducing debt. Thus allowing me to keep control of the prime asset. However, vendor financing is more difficult than it is described. not to mention tying up equity.I have the t…[Read more]

]]> 528dc904731120a1f1af2304f40157d7 propertyjockey replied to the topic Does value drop after subdivision? in the forum Value Adding https://www.propertyinvesting.com/topic/4402243-does-value-drop-after-subdivision/#post-4638493 Wed, 22 Dec 2010 00:08:38 +0000 Thanks grimnar for your time effort in discussing my questions with me. It is appreciated.Your persepctives have all crossed my mind. I have created a few spreadsheets to help run the numbers in a realistic way.What I am begining to see though, you can talk about different strategies until the cows come home. If you do not have the cashflow to…[Read more]

]]> e87a7ef2cc2ce3108557be1b419e1ffb propertyjockey replied to the topic Does value drop after subdivision? in the forum Value Adding https://www.propertyinvesting.com/topic/4402243-does-value-drop-after-subdivision/#post-4638490 Tue, 21 Dec 2010 06:43:52 +0000 Thanks grimnar,I appreciate the perspective and the brainstorming. It makes forums such as this worth while.I will take a look at this angle as part of my thinking through how I should tackle property investment. This will be my first time venturing into property investment and I do not want to storm down a path only to find I have wasted my t…[Read more]

]]> 4c83d9afb46d859e944e0f01a08cc72e propertyjockey replied to the topic Does value drop after subdivision? in the forum Value Adding https://www.propertyinvesting.com/topic/4402243-does-value-drop-after-subdivision/#post-4638488 Tue, 21 Dec 2010 05:38:29 +0000 The strategy I am looking to adopt is to purchase quality properties with an existing house on a large land parcel. Subdivide the land solely for the purpose of generating cash to reduce the debt. Later on, I will renovate the house I retained to increase rental returns. I will not be building units on the subdivisions. No time or equity for th…[Read more]

]]> 0bbee4180f8b2d2dcf02ab1cdf4e8203 propertyjockey replied to the topic Value by association in the forum Help Needed! https://www.propertyinvesting.com/topic/4402244-value-by-association/#post-4638502 Tue, 21 Dec 2010 00:23:22 +0000 It's a hard one!I am looking for B&H properties I can value add to (mainly subdivide to reduce -ve gearing) and retain a portion for long term growth and eventually +ve cashflow as rents develop.Suburb 'X' I mention above is mainly high end housing (PPOR) that have been designed to maximise their blocks of land. Suburb 'Y' which flanks it (acually…[Read more]

]]> dc0284a63412cf194be393eaa77ee838 propertyjockey replied to the topic Value by association in the forum Help Needed! https://www.propertyinvesting.com/topic/4402244-value-by-association/#post-4638498 Mon, 20 Dec 2010 08:34:08 +0000 Now I am puzzled?In my  scenario above (which is based on actual suburbs) suburb 'X' is further away from infrastructure than suburb 'Y'. That is. schools,shops,transport. They both enjoy  coastal proximity (within 1km). Suburb 'Y' offers larger blocks and excellent opportunities to value add.What we are saying is, location and struct…[Read more]

]]> 16624acf908e4aee772ef2fea4a0135a propertyjockey replied to the topic Reno with clean hands in the forum Value Adding https://www.propertyinvesting.com/topic/4402161-reno-with-clean-hands/#post-4637990 Mon, 20 Dec 2010 01:32:55 +0000 Hi all,I can see the opportunities in doing Reno'sIt is the time that kills it for me. I work long and stressful hours just so that I can secure property and service -ve gearing.What little time I have left is spent with my family and sleeping.The numbers need to work without me being on the tools.Mario

]]> b24c84c9530df2a8a573860757f4ec62 propertyjockey replied to the topic Strategist in Perth in the forum Help Needed! https://www.propertyinvesting.com/topic/4402190-strategist-in-perth/#post-4638124 Mon, 20 Dec 2010 01:27:47 +0000 Hi all,Thanks for the perspective.I believe I have a clear vision of where I would like to be in 5,10 and 15 years from now and the reasons for these goals.In investment terms, I have quantified these milestones, giving me a target.Applying residential property to achieve these targets from my particular starting point and personal circumstances…[Read more]

]]> c1553316c3010ca83f7a1a27ea47d0bb propertyjockey replied to the topic What makes a top performer? in the forum General Property https://www.propertyinvesting.com/topic/4402205-what-makes-a-top-performer/#post-4638177 Tue, 14 Dec 2010 05:42:30 +0000 Would it be fair to say then, buying/developing cheap housing in new suburbs where these things (infrastructure etc) are being created  would place at the ground floor when it comes CG?I am pretty sure a house will never be as cheap (at least in Oz) as when it was first built. Wouldn't this effectively reduce your exposure in the long run?PJ

]]> afeb0df0edff6c713b6d86512e967b7b propertyjockey replied to the topic Strategist in Perth in the forum Help Needed! https://www.propertyinvesting.com/topic/4402190-strategist-in-perth/#post-4638120 Mon, 13 Dec 2010 23:39:10 +0000 I think that article is great news!We are in a correction which means bargins are more realistic. Negotiating power of the investor has increased.This is why I need to sort out what my game plan is. Specific to my present circumstances, my starting point and what I need to do to achieve my goal.I need to sit down with a seasoned investor, lay out…[Read more]

]]> c7f4de14081428eb8eba7bebe4b04d9f propertyjockey replied to the topic Portfolio Structure - The Trust in the forum Thanks Terry for taking the https://www.propertyinvesting.com/topic/4402055-portfolio-structure-the-trust/#post-4637314 Thu, 09 Dec 2010 23:32:55 +0000 Thanks Terry for taking the time to explain this to me.I appreciate the effort.PJ

]]> c8ecac346c502c1e4fb511e30866aee2 propertyjockey replied to the topic Portfolio Structure - The Trust in the forum OK now I am confused. My https://www.propertyinvesting.com/topic/4402055-portfolio-structure-the-trust/#post-4637311 Thu, 09 Dec 2010 00:08:39 +0000 OK now I am confused.My vocation is subject to litigation. Because of this my accountant has advised, any property I buy should be purchased under the umbrella of a family discretionary trust. The owner of the property is the name of the trust.At present, I am the trustee of this trust with my family as beneficeries. That is to say the entity…[Read more]

]]> ce22b3ea718b47f480e7acd7226043b6 propertyjockey replied to the topic Portfolio Structure - The Trust in the forum Help Needed! https://www.propertyinvesting.com/topic/4402055-portfolio-structure-the-trust/#post-4637309 Sun, 05 Dec 2010 23:53:51 +0000 Terry,I have a discretionary family trust.  When buying an IP do I use the name of the company (the trustee) or the name of the trust?PJ

]]> 40d3cee730d89acab15fb6bed4c474a5 propertyjockey replied to the topic Rental rates - Top 3 driving factors in the forum Help Needed! https://www.propertyinvesting.com/topic/4402056-rental-rates-top-3-driving-factors/#post-4637318 Sat, 04 Dec 2010 07:47:57 +0000 I have never rented a place. I am trying to understand why someone would rent so I can begin to understand what type of property would command better rent. Understanding this will mitigate the risk on the cashflow which allows me to keep control of the property in the first place.I am guessing their are different types of renters with dif…[Read more]

]]> 4dfa15347f6a352497e07fc1326928a7 propertyjockey replied to the topic Portfolio Structure - The Trust in the forum Help Needed! https://www.propertyinvesting.com/topic/4402055-portfolio-structure-the-trust/#post-4637307 Sat, 04 Dec 2010 07:33:00 +0000 Hi JacM,Ok, that sounds logical enough.So, with 20 properties you will have around, I'm guessing, 6 trusts?Each trust is linked with a pty ltd company who acts as the trustee. Does that sound correct?How have others structured themselves when there are more than a handful of properties?Also, if many of these properties are quality properties w…[Read more]

]]> eb2b7c418565a2ea29065cc91dbefc7b propertyjockey replied to the topic Portfolio structure in the forum Help Needed! https://www.propertyinvesting.com/topic/4402042-portfolio-structure/#post-4637231 Tue, 30 Nov 2010 23:45:39 +0000 Terryw wrote:
I think you misunderstand how offsets work. One offset account only works against one loan. So the money in offset A will only offset loan 1.

  So if if I want to have an offset account working away to reduce interest payments on an IP and I have 20 IP's that equals 20 offset accounts.Which is what I said in the beginning.In a…[Read more]

]]> f68b2f1c47b7a0e6db5b1a8d293ef0ab propertyjockey replied to the topic Portfolio structure in the forum Help Needed! https://www.propertyinvesting.com/topic/4402042-portfolio-structure/#post-4637227 Mon, 29 Nov 2010 23:33:19 +0000 Guys,Now I am confused.I understand an offset account works to minimise the repayments towards the loan it is attached to up to the value of the IP loan.If I had 20 IP's with a number of different loan amounts with different banks and credit societies, How many offset accounts would I have to minimise the interest payments to those loans?A – One…[Read more]

]]> 095485fa661e054cc9e43200489f8283 propertyjockey replied to the topic Portfolio structure in the forum Help Needed! https://www.propertyinvesting.com/topic/4402042-portfolio-structure/#post-4637224 Mon, 29 Nov 2010 05:22:06 +0000 Hi Richard,If I had twenty different IP loans with a range of banks and a range of values all linked to one offset account, how is the offset account attributed to each IP?If the offset accunt has 100K in it does this get divided up to service the 20 IPs or does each IP benefit from the 100K as if it was the only loan being offset?Please excuse…[Read more]

]]> 2b8f20ee995237ad94564908fbc228a0 propertyjockey replied to the topic Cashflow is King! in the forum Help Needed! https://www.propertyinvesting.com/topic/4402002-cashflow-is-king-2/#post-4636982 Sun, 28 Nov 2010 00:32:03 +0000 Thanks for the replies.I am obviously in the early days of sorting out my overall game plan.  The property game lke mnay other games we play (shares etc) is all about managing the downside.For me, in my current situation (limited disposable income with ample equity) its seems the biggest and first risk I need to mitagate is the cashflow needed to…[Read more]

]]> d8303c8e8d2478a4e1ed30af6fb8bca1 propertyjockey replied to the topic Cashflow is King! in the forum Help Needed! https://www.propertyinvesting.com/topic/4402002-cashflow-is-king-2/#post-4636977 Thu, 25 Nov 2010 23:53:16 +0000 Richard,Thanks for the experienced insight. It is good to see there is some scope.However, even though I have ample equity (at least to set up a LOC) I would be lucky to have maybe 20K a year net in disposable income to put towards negative gearing. This is without having money set aside for those emergencies property seems to through up from time…[Read more]

]]> 465523990352c1d3ce7668277a504376 propertyjockey replied to the topic Who are the best clients for a wrap? in the forum Creative Investing https://www.propertyinvesting.com/topic/4401941-who-are-the-best-clients-for-a-wrap/#post-4636598 Tue, 23 Nov 2010 05:13:24 +0000 Hi Richard,Yes, that is so true.Over the last few years I been focusing on increasing my cashflow with the knowledge I will be servicing debt. The only trouble is the ventures I have pursued to create more cashflow, have all ended up going south and giving me bad debt. I have gone backwards instead of forwards.My goal is to generate a passive inco…[Read more]

]]> cf0864d9d9600b0786e737981eb72770 propertyjockey replied to the topic Who are the best clients for a wrap? in the forum Creative Investing https://www.propertyinvesting.com/topic/4401941-who-are-the-best-clients-for-a-wrap/#post-4636596 Tue, 23 Nov 2010 02:11:50 +0000 Hi Richard,Yes, I agree. I think wrapping is a good technique however, I suspect and you are confirming, it is a time hungry venture.Currently, I am working the 9 to 5 and making a reasonable income. Nothing fantastic and it will not get me the passive income I am looking for. Hence taking a look at property investment. I need to find a positive c…[Read more]

]]> 46a8bf78d5004e5e7c4cb2a6eed17238 propertyjockey replied to the topic Who are the best clients for a wrap? in the forum Creative Investing https://www.propertyinvesting.com/topic/4401941-who-are-the-best-clients-for-a-wrap/#post-4636594 Mon, 22 Nov 2010 23:38:29 +0000 Richard,Haven't crossed that bridge yet.I am still not convinced wrapping is a technique I can use to address the cashflow needed to feed the hungry mouths of my B&H properties.I do not have an excessive income problem. I have enough disposable income but I am trying to completely avoid negative gearing if I can. I do not have a tax cha…[Read more]

]]> 0339a1ab3c8b482351c31bae190d1c26 propertyjockey replied to the topic Who are the best clients for a wrap? in the forum Creative Investing https://www.propertyinvesting.com/topic/4401941-who-are-the-best-clients-for-a-wrap/#post-4636592 Mon, 22 Nov 2010 04:08:55 +0000 Duckster,I am looking at the VF process as a commercial enterprise which will service my personal B&H investments. I am taking the stance I will be required to have a credit licence. I'll cross that bridge once I am clear and sure the VF technique will work in Perth.PJ

]]> 966173a8512630a3a98bbb9613455d99 propertyjockey replied to the topic Who are the best clients for a wrap? in the forum Creative Investing https://www.propertyinvesting.com/topic/4401941-who-are-the-best-clients-for-a-wrap/#post-4636590 Mon, 22 Nov 2010 00:16:03 +0000 Paul,Just to clarify,Your best client will have:- Steady employment (no brainer. Somone who hase held a job consitantly)- Serviceability (Income to Debt levels shows they can service he VF repayments. I presume you work on the 30% rule of thumb)- Visit them (This suggests they are close to where you live. Probably visiting them after hours)This…[Read more]

]]> c4b01ec4620e5c10352ba9ead3a63ec9 propertyjockey replied to the topic Who are the best clients for a wrap? in the forum Creative Investing https://www.propertyinvesting.com/topic/4401941-who-are-the-best-clients-for-a-wrap/#post-4636588 Sat, 20 Nov 2010 22:56:38 +0000 Hi Paul,I mean to sell to.I am trying to develop a profile of the type of person who is best suited to sell a VF property to. This is of course linked to my risk profile. That being, ensuring interest payments are met (VF deals do this) and protecting my cashflow (ensuing I have sold to the best type of person).I am guessing the most critical…[Read more]

]]> 4c5b16850ea319a3933fd3d6320a6b6d propertyjockey replied to the topic The best market conditions for a wrap in the forum Paul, Thanks for confirming https://www.propertyinvesting.com/topic/4401929-the-best-market-conditions-for-a-wrap/#post-4636462 Sat, 20 Nov 2010 03:45:19 +0000 Paul,Thanks for confirming my thoughts.I am guessing your strategy for operating under any market condition is to take the stance you are not playing the VF game for capital gain and your VF clients are only interested in setting up a credit history. The knowledge your interest payments for your prime B&H properties are covered and when the VF…[Read more]

]]> 76c5f24c8b48144aa64582460e1acc6e propertyjockey replied to the topic Who are the best clients for a wrap? in the forum Creative Investing https://www.propertyinvesting.com/topic/4401941-who-are-the-best-clients-for-a-wrap/#post-4636586 Sat, 20 Nov 2010 03:36:23 +0000 Paul,Thanks for the insight.Given this and based your experience, who are the best people to do VF deals with and Why?PJ

]]> a6148ca8b6bcf44e8cff892556e275b8 propertyjockey replied to the topic Who are the best clients for a wrap? in the forum Creative Investing https://www.propertyinvesting.com/topic/4401941-who-are-the-best-clients-for-a-wrap/#post-4636584 Fri, 19 Nov 2010 05:47:20 +0000 HA Ha! I have been biting my tongue also!

]]> 2e1f49bf2f12a7a41b982ec6de33c9e9 propertyjockey replied to the topic The best market conditions for a wrap in the forum Paul, Can you offer some https://www.propertyinvesting.com/topic/4401929-the-best-market-conditions-for-a-wrap/#post-4636460 Fri, 19 Nov 2010 05:15:43 +0000 Paul,Can you offer some insight into your comment; "……….This has forced us to structure our VF business so it works well in both high and low capital gain environments."How have you done this?Also,Capital gain isn't always at the top of the list for clients is it?PJ

]]> 6acbeedd75916165a39680d36d5424dc propertyjockey replied to the topic Books / Forums on Vendor financing in the forum Creative Investing https://www.propertyinvesting.com/topic/4401885-books-forums-on-vendor-financing/#post-4636170 Wed, 17 Nov 2010 00:12:52 +0000 Hi Paul,Thanks for verifiying my assumption. This is what I was guessing.My initial goal is to limit or remove negative gearing as much as possible on my B&H properties while I have control.Do you still have a negative gearing factor on your B&H once the VF properties are in play? OR do you ensure the B&H is at least neautral?Also, do you know a…[Read more]

]]> 7afd46cfbf2a320a9f5ea03956b37270 propertyjockey replied to the topic Books / Forums on Vendor financing in the forum Creative Investing https://www.propertyinvesting.com/topic/4401885-books-forums-on-vendor-financing/#post-4636168 Tue, 16 Nov 2010 00:19:52 +0000 Thanks Paul,I'll take a look.I am keen to understand this technique.  I like your approach of setting up a VF deal to service a quality B&H. I am keen to gain control a B&H property that has development potential (R30 upwards) giving me options down the track. However, although I have ample equity in my PPOR to set up a LOC for deposits my 9 to 5…[Read more]

]]> 4efd4c71822f62ffbef5905b5d4d5afb propertyjockey replied to the topic growing the portfolio? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401839-growing-the-portfolio/#post-4635870 Sun, 14 Nov 2010 07:55:49 +0000 Paul / Karen,On average, how many vendor financed properties do your aquire to service one buy and hold?PJ

]]> 3e9e0e7c0cef6b89b9d4f9e4b471a55c propertyjockey replied to the topic growing the portfolio? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401839-growing-the-portfolio/#post-4635867 Thu, 11 Nov 2010 23:53:49 +0000 Paul,The vendor finance technique is very attractive for the reason you are using it. As a method to develop your servicability.How time consuming is vendor financing? Are we realistically looking at running a full time business?PJ

]]> 60c3344a63855a6a96d2dc7fbdf983e1 propertyjockey replied to the topic Bad business debt in the forum Help Needed! https://www.propertyinvesting.com/topic/4401793-bad-business-debt/#post-4635619 Thu, 11 Nov 2010 08:57:39 +0000 Hi Terry,The company over the years has dabbled in many different ventures. Some successful, some have tanked. Currently it is a pty ltd company and I am the sole director/share holder. Its only form of income was the failed venture that was sold at a loss and has left this bad debt. The interest repayments are still rolling in and I am paying t…[Read more]

]]> 06d170ba5065239b88549448b742165b propertyjockey replied to the topic Bad business debt in the forum Help Needed! https://www.propertyinvesting.com/topic/4401793-bad-business-debt/#post-4635617 Thu, 11 Nov 2010 00:14:02 +0000 Terry,At the moment my personal salary is being sucked into paying interest on a loan that is for nothing. The original loan was for a business that has been sold and unfortunately the sale has not paid out the original loan.Leaving me with bad debt. I have had to go and find a job to support the family and the bad debt. Thank god I have no mo…[Read more]

]]> 5c00ea7d32a578d0eea70e522550b6c1 propertyjockey replied to the topic Double Storey conversion in the forum Help Needed! https://www.propertyinvesting.com/topic/4401837-double-storey-conversion/#post-4635858 Wed, 10 Nov 2010 23:55:42 +0000 Guys,These are issues I can technically sort out. But how do they stack-up when you do the numbers?Do these type of projects ultimately always end up blowing out?PJ

]]> 4d3d285ea744590b48253bd58d981979 propertyjockey replied to the topic Bad business debt in the forum Hi Terry, So, are we saying https://www.propertyinvesting.com/topic/4401793-bad-business-debt/#post-4635612 Mon, 08 Nov 2010 23:37:26 +0000 Hi Terry,So, are we saying the only way i can pay this bad debt out is cold hard cash?PJ

]]> 7720bcb8cba5f6937e4c36739d163248 propertyjockey replied to the topic Bad business debt in the forum Help Needed! https://www.propertyinvesting.com/topic/4401793-bad-business-debt/#post-4635610 Sun, 07 Nov 2010 22:01:15 +0000 John,I am in Perth. Any details would be appreciated. send them here : marsbox@safe-mail.netTerry,I have enough equity to borrow an amount for an IP that includes the amount of bad debt. This loan would pay out the bed debt and purchase the IP. I would have paid more for the IP but I now have no bad debt loan draining my cashflow for nothing.…[Read more]

]]> 6363d7ee79f59925c05406ae4974d51e propertyjockey replied to the topic Bad business debt in the forum Help Needed! https://www.propertyinvesting.com/topic/4401793-bad-business-debt/#post-4635607 Sun, 07 Nov 2010 07:04:55 +0000 Hi John,Thanks for the insight.Sounds like you were in a similar boat I am in right now.My objective is to, what I call, change the colour of the loan. From debt that is doing nothing but draw on my cashflow into debt which is for something  appreciating my wealth. The obvious thing is to sell my PPOR and start agan however, that is an emotional…[Read more]

]]> ca361edfafa02d4e64c7c644ea78619a propertyjockey replied to the topic Asset rich Cash poor in the forum Help Needed! https://www.propertyinvesting.com/topic/4401590-asset-rich-cash-poor/#post-4634467 Fri, 22 Oct 2010 08:47:40 +0000 Hi Guys,How much cash should I have at hand? 40 – 50K?How should I use this cash?PJ

]]> 6d58c808522e812187643b0bed549a4e propertyjockey replied to the topic Asset rich Cash poor in the forum Help Needed! https://www.propertyinvesting.com/topic/4401590-asset-rich-cash-poor/#post-4634460 Fri, 22 Oct 2010 00:05:21 +0000 Hi guys,Thanks for the feedback.I have no debts. No credit card, no personal loans nothing. Other than a small mortgage of under 50K on my primary residence which, based on the sale price of houses around me, should be worth about 500K maybe more.My income is 65K/year gross (total combined income). I don't know about you but the cost of living is…[Read more]

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