PropertyInvesting.com | propertypower | Activity https://www.propertyinvesting.com/members/propertypower/activity/ Activity feed for propertypower. Mon, 13 Apr 2026 10:44:43 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 0e2c9dadc3342c8c4d65ec77e9ccd3a3 propertypower replied to the topic WARNING! Empowernet Advanced Real Estate Mastery in the forum Opinionated! https://www.propertyinvesting.com/topic/4391456-warning-empowernet-advanced-real-estate-mastery/page/3/#post-4577304 Mon, 29 Mar 2010 00:54:02 +0000 Good on you Angela,
I and a few others have contacted Empowernet re this service and they said that they have already completed their obligation by offering properties to us. I know of at least 8-10 other people who disagree with Empowernet.
Maybe we can all work together and add more weight to Today Tonight’s story.

]]> 08c347a61118caf12abc197ddb38e6e4 propertypower replied to the topic Are pest and building inspections recommended for units? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392852-are-pest-and-building-inspections-recommended-for-units/#post-4585495 Wed, 09 Apr 2008 11:39:48 +0000 I agree with lopetha. I have pulled out of deals because of issues with building/pest inspection reports. It gives you the peace of mind that you are not buying a dudd.

]]> c4ae06d04284c23e3a657dc81ba9615b propertypower replied to the topic Bowen Basin QLD Mining Towns - Opinion on offer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391824-bowen-basin-qld-mining-towns-opinion-on-offer/#post-4579637 Tue, 08 Apr 2008 11:28:38 +0000 G'day Daedalus,I would like to thank you for putting this very informative post and taking the time to answer people's question.

]]> af4d3210b73ecf20061e63e260739a44 propertypower replied to the topic Depreciation schedule in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4392556-depreciation-schedule-13/#post-4583888 Mon, 10 Mar 2008 10:58:58 +0000 You can try using Nancy Keep of Nancy Keep & Associates. Visit http://www.nancykeep.com.au for more information. She is based in My Waverley. She is very good with structures and investments.

]]> 4f69b0a68dd169e303ba5fd53414fc03 propertypower replied to the topic buying an appartment in a Cairns Resort complex??? in the forum Creative Investing https://www.propertyinvesting.com/topic/4392596-buying-an-appartment-in-a-cairns-resort-complex/#post-4584097 Mon, 10 Mar 2008 10:53:39 +0000 Hi aroverman,See if you can buy the property subject to a new lease being signed at increased rent. This eliminates the risk that the resort not renewing the lease.Secondly, be careful of the management fee and body corporate. These can be quite high and affect the net yield.Thirsdly, signing a long term lease with the resort, may affect the…[Read more]

]]> 50e4c237ecb5e79267c7dff45bcfd5ac propertypower replied to the topic supersecrets to real estate in the forum Help Needed! https://www.propertyinvesting.com/topic/4392336-supersecrets-to-real-estate/#post-4582843 Sat, 16 Feb 2008 23:30:14 +0000 hi damo001,You will find most of the supersecrets to real estate on this site. There are thousands of useful threads that you can search through.All the best!

]]> 9c1b25d9ad198dc630c3ac873786968a propertypower replied to the topic Any drafties that can be recommended around Sth/E suburbs, Melb?? in the forum General Property https://www.propertyinvesting.com/topic/4392031-any-drafties-that-can-be-recommended-around-sthe-suburbs-melb/#post-4581201 Mon, 21 Jan 2008 09:01:46 +0000 What is ttheir contact detail?

]]> f17d72f50ff252e700659b17b274e40a propertypower replied to the topic shares crashing again.... in the forum General Property https://www.propertyinvesting.com/topic/4391923-shares-crashing-again/#post-4580561 Wed, 16 Jan 2008 01:05:16 +0000 Have a look at ZFX for yield – they paid $1.40 dividend last year and the share is trading just over $10 now.

]]> 1058b96ed131c57d95673e3f05851e4f propertypower replied to the topic I can help with Loans and Financing in the forum Help Needed! https://www.propertyinvesting.com/topic/4391975-i-can-help-with-loans-and-financing/#post-4580946 Wed, 16 Jan 2008 01:00:49 +0000 ….a company with unlimited capital to fund all existent, proposed project needs and desires.May be you should look at bailing out some of the US lenders!

]]> db1b20a80f13ec17f1b781854507f1c0 propertypower replied to the topic shares crashing again.... in the forum General Property https://www.propertyinvesting.com/topic/4391923-shares-crashing-again/#post-4580545 Fri, 11 Jan 2008 12:24:10 +0000 Hi crashy,I think XJO might be falling due to increasing likelihood of an interest rate rise in Australia next month. DOW on the other hand is going up because of talk of 50-75 basis point reduction in interest rate in USA.I would say you should buy shares when the market has started recovering….it is still in a downtrend and you don't know how…[Read more]

]]> 3015e562cfd923074dc2f6517385b8e5 propertypower replied to the topic Here's the deal .... Thoughts???? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391875-heres-the-deal-thoughts/#post-4580282 Tue, 08 Jan 2008 12:24:53 +0000 Hi Anthony,You should take Depreciation into consideration as well for cashflow purpose.Also, consider Interest Only loan to reduce your repayments (if the loan is not already Interest Only).Other than that, I think its a good investment and you should hang onto it.

]]> 00ea5005cad1c788ca88772fd866573a propertypower replied to the topic WARNING! Empowernet Advanced Real Estate Mastery in the forum Opinionated! https://www.propertyinvesting.com/topic/4391456-warning-empowernet-advanced-real-estate-mastery/#post-4577277 Tue, 08 Jan 2008 12:18:39 +0000 Hi Ros,Just so that you are aware, Real Estate Mastery and Advanced Real Estate Mastery programs are not Tony Robbins seminars. These events are promoted by Empowernet who also promotes Tony's events in Australasia. The problem I have with Empowernet is they have used promoted REM at Tony's events (specially Wealth Mastery) and many unsuspecting…[Read more]

]]> a94ffc774838fbf40938596303024858 propertypower replied to the topic Melbourne accountant needed??? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391811-melbourne-accountant-needed/#post-4579515 Fri, 04 Jan 2008 11:50:13 +0000 Hi virgininvestor,You can try Nancy Keep from Nancy Keep & Associates (www.nancykeep.com.au).I have been using her for many years and am extremely happy. She owns many properties herself and is very good with structures etc. Besides property investment, she can show some other very good investments as well. You can contact her on 03 9544 9577.

]]> d90c5315fa67243c1819587961cb1fa1 propertypower replied to the topic Postive geared property? Fact or fallacy in todays market in the forum General Property https://www.propertyinvesting.com/topic/4391774-postive-geared-property-fact-or-fallacy-in-todays-market/#post-4579284 Tue, 01 Jan 2008 01:50:28 +0000 Wow, Terry and Richard – those are amazing yields.

]]> 6b65d5a71cea330524b188c54036b7d8 propertypower replied to the topic Postive geared property? Fact or fallacy in todays market in the forum General Property https://www.propertyinvesting.com/topic/4391774-postive-geared-property-fact-or-fallacy-in-todays-market/#post-4579278 Mon, 31 Dec 2007 11:33:47 +0000 G'day JasonCouple of properties I own are returning 10% yield. Positive cash flow properties are there….but not that easy to find. You have to look into some regional towns or as Luke said, be creative. Strata title, subdivide, renovate, corporate lease, lease fully furnished, student lease, short term accommodation, etc. are some ways of…[Read more]

]]> 1fc4a35f25f124c70d161d8a97218e51 propertypower replied to the topic Quantity Surveyor's in Adelaide in the forum Help Needed! https://www.propertyinvesting.com/topic/4391771-quantity-surveyors-in-adelaide/#post-4579264 Mon, 31 Dec 2007 11:28:50 +0000 Hi Theresa,I have used Depreciator few times and am very happy with the service and responsiveness.

]]> 8cb405ac033a08011bf1af059dfb2d94 propertypower replied to the topic Renting PPOR in the forum Help Needed! https://www.propertyinvesting.com/topic/4391722-renting-ppor/#post-4578953 Sun, 30 Dec 2007 08:42:25 +0000 Hi 9ball,Property Managers generally charge 7-8% plus GST. And remember, this is a deductible expense for tax purpose.

]]> 0d7b17db8da528919cf5a819cd83d3c7 propertypower replied to the topic Need Some Advice in the forum Help Needed! https://www.propertyinvesting.com/topic/4391755-need-some-advice-4/#post-4579168 Sun, 30 Dec 2007 08:40:05 +0000 Hi Rising Star,Few comments:1. Firstly, congratulations on reducing your loan by $30,000 in 2 months….thats terrific.2. Make sure you have interest only loan on your current property.3. With regards to structure, you should consider trust. You will need to speak to an accountant to discuss different types of trusts and which one suits you best.…[Read more]

]]> 6c50cf2414522981d45a324ef9d6b7ac propertypower replied to the topic Wealth Guardian in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391488-wealth-guardian-11/#post-4577472 Sun, 30 Dec 2007 02:27:23 +0000 Rising Star wrote:
hey alli am new here.. what is the wealth guardian kit ?RS

Hi Rising Star,You can find more about Wealth Guardian at https://www.propertyinvesting.com/resources/products/11

]]> 2d8b12394acb422b3eaad247c0789e97 propertypower replied to the topic Renting PPOR in the forum Help Needed! https://www.propertyinvesting.com/topic/4391722-renting-ppor/#post-4578949 Wed, 26 Dec 2007 22:40:20 +0000 Hi CIS,I also recommend using a property manager to manage the property. As Marc said, it is money well spent. As you expand your portfolio, you will find it hard to manage all the properties because they sometimes require lot of time.You might want to read this post as well….some interesting…[Read more]

]]> 1c1bc45202a646384644c10ae7ccd05a propertypower replied to the topic Getting Rid of Tenants...the start of the tenancy was very dodgey in the forum Help Needed! https://www.propertyinvesting.com/topic/4391715-getting-rid-of-tenants-the-start-of-the-tenancy-was-very-dodgey/#post-4578913 Mon, 24 Dec 2007 22:22:20 +0000 Hi blay,You may want to make sure your father has appropriate landlord insurance as well. This should (to a large extent) coverdamages from malicious damage, loss of rent, etc.

]]> 02cdb68c4ec628180068ca70530cee88 propertypower replied to the topic no doc loans - the pros and cons? in the forum Finance https://www.propertyinvesting.com/topic/4391714-no-doc-loans-the-pros-and-cons/#post-4578904 Mon, 24 Dec 2007 12:03:40 +0000 Hi Michael,I think on a No-Doc loan you can get 70% LVR only.Some pros of No-Doc loan are:1. No proof of income is required and therefore there is very little paperwork.2. Because you are putting in 30%, you do not have to pay the Lender's Mortgage Insurance (LMI)Some cons of No-Doc loan are:1. You have to put 30% deposit and therefore more of…[Read more]

]]> 21e986e3139b53fabef7355695672a93 propertypower replied to the topic merry Xmas in the forum Forum Frolic https://www.propertyinvesting.com/topic/4391713-merry-xmas-2/#post-4578903 Mon, 24 Dec 2007 09:37:18 +0000 Seasons Greetings to all

]]> 74c0365f31abba0dec7ad4ab987e7edd propertypower replied to the topic What should I do now??? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391712-what-should-i-do-now-2/#post-4578900 Mon, 24 Dec 2007 09:32:24 +0000 hi Syphanx,Welcome to the forum.I think its good that you have started thinking about investing now. I think you should do the following:1. Pay off the personal loan2. Pay off the loan for laptop.3. While you are paying off the loans, educate yourself on property/share investments and more importantly the psychology of wealth creation. There are a…[Read more]

]]> 9c9ec897605765cf691ba7b58d8644e8 propertypower replied to the topic any experienced property investoer inlembourne want to give me some mentoring. I relaly want to turn around my situation in the forum Hi cutegal,Welcome to the https://www.propertyinvesting.com/topic/4391705-any-experienced-property-investoer-inlembourne-want-to-give-me-some-mentoring-i-relaly-want-to-turn-around-my-situation/#post-4578883 Sat, 22 Dec 2007 02:01:38 +0000 Hi cutegal,Welcome to the forum.I would say, why don't you use this forum as your mentor. There are a number of experienced people on this forum who are willing to offer their advice. That said, I am in Melbourne and will be willing to help you as much as possible.

]]> f1a296b162d9d5428d8b73eb38a53ca5 propertypower replied to the topic Notice required to remove dodgy tenants? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391699-notice-required-to-remove-dodgy-tenants/#post-4578850 Thu, 20 Dec 2007 12:06:26 +0000 I think you may have to give 60 day notice.

]]> 5c34269983e968783baad793acd6c10f propertypower replied to the topic hotspotting.com.au reports - good investment or not?? in the forum General Property https://www.propertyinvesting.com/topic/4391692-hotspotting-com-au-reports-good-investment-or-not/#post-4578820 Wed, 19 Dec 2007 07:15:29 +0000 Hi vegemite3,you might want to try some residex reports as well.The November and December issues of API magazine has the top 100 hotspots as well.

]]> caf5679c00abaebcd53722cb784c888e propertypower replied to the topic no deposit purchases in the forum Creative Investing https://www.propertyinvesting.com/topic/4391040-no-deposit-purchases/#post-4575387 Wed, 19 Dec 2007 01:28:59 +0000 Hi Chris,I'll join the bandwagon as well – please send me details of some of the past and current deals. My email propertypower@gmail.comThanks

]]> f4b371924bbf4fd7800f58a6f5a93376 propertypower replied to the topic ATO inquiry in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391694-ato-inquiry/#post-4578832 Wed, 19 Dec 2007 01:26:13 +0000 I think you can amend the tax return within 4 years

]]> bd1502200309ef51425222665bd8888a propertypower replied to the topic 1st Home Buyer-Loan Advice in the forum Finance https://www.propertyinvesting.com/topic/4391677-1st-home-buyer-loan-advice/#post-4578707 Mon, 17 Dec 2007 20:41:37 +0000 hi al2216w,You might want to consider interest only loan.

]]> 4849ce5053718f720bc452b84ae44498 propertypower replied to the topic profits from off plan in the forum General Property https://www.propertyinvesting.com/topic/4391642-profits-from-off-plan/#post-4578496 Sat, 15 Dec 2007 02:50:46 +0000 Hio alwayslearning,Buying off the plan is a somewhat risky if you want to flip the property. You should always be ready to settle on the property if need be. Make sure you have done your research on the area, developer, etc before you get into a contract. Few things that might help you in an off-the-plan deal are:* Buy in an area showing growth*…[Read more]

]]> 5d8c18c029403689106d94eabd355f7c propertypower replied to the topic Pricing mix up by developer for off the plan purchase in the forum If the contract has not been https://www.propertyinvesting.com/topic/4391660-pricing-mix-up-by-developer-for-off-the-plan-purchase/#post-4578591 Sat, 15 Dec 2007 02:42:26 +0000 If the contract has not been signed by both the parties, I think it will be a challenge to get the developer to change. Maybe you can ask the developer to tell you the prices of adjoining townhouses. Assuming they have similar finish and aspects, you can see if there is a genuine mix-up or the developer is just trying to get some more money out of…[Read more]

]]> 7ce29d00059c88000666320950e33cad propertypower replied to the topic Typical depreciation schedule in the forum Help Needed! https://www.propertyinvesting.com/topic/4391661-typical-depreciation-schedule/#post-4578594 Sat, 15 Dec 2007 02:31:38 +0000 hi sciomako,I think you should get around $12k depreciation for the first couple of years and it will drop down to around $10k by 5th year..

]]> 007c357682f0316e065caa80e36498b1 propertypower replied to the topic Take profit or Save a Pine Tree in the forum Help Needed! https://www.propertyinvesting.com/topic/4391657-take-profit-or-save-a-pine-tree/#post-4578582 Fri, 14 Dec 2007 08:16:18 +0000 Cut the tree and use some of the profit to plant few to make up for it.

]]> 4d78851037dc76214e23fc6145d461d4 propertypower replied to the topic BMT & Associates - reviews? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391634-bmt-associates-reviews/#post-4578459 Mon, 10 Dec 2007 11:20:52 +0000 You can try Depreciator (http://www.depreciator.com.au)

]]> 0571d5f3979da4f7483c71ded8daa950 propertypower replied to the topic Need advice re: our 1st IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4391636-need-advice-re-our-1st-ip/#post-4578466 Mon, 10 Dec 2007 10:39:03 +0000 hi kirsteh,Congratulations on finding a great deal. I think you should progress with the purchase.Some options available to you are;1. Redraw equity from your PPOR. You need to withdraw approximately $25k equity because you already have $20k saved up.2. Use the savings and equity from your PPOR to put deposit and closing costs for your investment…[Read more]

]]> 44507a861229647e5875e0ae8060203e propertypower replied to the topic Advice please!! in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391625-advice-please-15/#post-4578400 Sun, 09 Dec 2007 07:44:59 +0000 Hi atapiap,Given the contract did not have finance clause, I am assuming it did not have any clauses about building/pest inspection or independent valuation either. If it did, may be you can try and use them to get out.The other thing – have you tried getting it valued from different valuers. If the property is located close to Melbourne CBD, it…[Read more]

]]> 1d1516d5fac6cb7bc4ba2e56f7adb893 propertypower replied to the topic Very Curious in the forum Help Needed! https://www.propertyinvesting.com/topic/4391578-very-curious/#post-4578122 Mon, 03 Dec 2007 12:00:38 +0000 hi p_mac,Welcome to the forum.Studio apartments generally have lower capital growth and depending on the area of the apartment, the loan to valuation ration might be low as well. Its probably better to have a 2 bedroom apartement shared by 2 (maybe 3) students. I think you will find the return is better.

]]> 68e8daafd0f6e4cbfb5dae36962b3a9f propertypower replied to the topic Moving existing IP into a trust - yes or no? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391559-moving-existing-ip-into-a-trust-yes-or-no/#post-4578020 Fri, 30 Nov 2007 11:35:07 +0000 Hi Tim,I will not recommend transferring the property to a trust because of CGT and Stamp Duty costs, etc. Couple of things you can do to increase the protection:1/ Reduce the equity in the house by maximising your borrowing against your current IP.2/ Make sure you have a building, contents and landlords insurance policy.

]]> 48b49754a0c1cc1d8aeb3f2d8037443d propertypower replied to the topic Accountant needed-specializing in Property investment in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391557-accountant-needed-specializing-in-property-investment/#post-4578006 Fri, 30 Nov 2007 07:17:52 +0000 Try Nancy Keep from Nancy Keep and Associates (www.nancykeep.com.au).She is a keen property investor and a very good accountant. He office is in Mt Waverley.Contact # 9544 9577

]]> 35cfab57fbbe5da6ff054e8a8accf8bc propertypower replied to the topic WARNING! Empowernet Advanced Real Estate Mastery in the forum Opinionated! https://www.propertyinvesting.com/topic/4391456-warning-empowernet-advanced-real-estate-mastery/#post-4577270 Wed, 28 Nov 2007 10:36:20 +0000 I attended their 2 day free Real Estate Mastery program where they were selling tickets for Advanced Real Estate Mastery for $4,850.

]]> c811bda73925595e3efc75362607e5c2 propertypower replied to the topic Should I refinance? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391525-should-i-refinance/#post-4577781 Mon, 26 Nov 2007 09:13:32 +0000 Hi simbacat,First of all, welcome to the forum.You should look at converting to interest only loan. This will reduce your minimum monthly payments but does not stop you from making additional payments.With regards to refinancing, without knowing the property value and loan amount it is hard to provide any suggestions.

]]> 4186f7b4c74bb79feb9b7d58d150de81 propertypower replied to the topic Writing is on the wall - Labour will win in the forum Opinionated! https://www.propertyinvesting.com/topic/4391519-writing-is-on-the-wall-labour-will-win/#post-4577746 Sun, 25 Nov 2007 09:24:07 +0000 I agree guys. I am concerned about the future of our economy. Interest rates may have gone up 6 times but the average interest rate under John Howard is still 5% lower than average interest rate under labour.

]]> bda3bf15510905551df6cf28eec1031d propertypower replied to the topic money partners in the forum Finance https://www.propertyinvesting.com/topic/4391513-money-partners-8/#post-4577735 Fri, 23 Nov 2007 11:35:32 +0000 I pay 14-18% interest (depending on the amount and the period of investment).PM me for details

]]> 12b9ec8872691b20fa587fc44acf176f propertypower replied to the topic Is your solicitor ripping you off in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391514-is-your-solicitor-ripping-you-off/#post-4577738 Thu, 22 Nov 2007 12:24:48 +0000 Hi pyramid,That is a ridiculous quote. You should look at changing the solicitors. I have used The Property Practice for my NSW deals. They are based in Collaroy. Their contact # is 02 9981 7800 or thepropertypractice.comAsk for Jock Kennedy. They charge around $900 + Disbursements.

]]> c0e1cf52fd1928ef2a6981e11d77ddca propertypower replied to the topic trusts for assett protection and tax advantages. in the forum I have got Hybrid https://www.propertyinvesting.com/topic/4391497-trusts-for-assett-protection-and-tax-advantages/#post-4577536 Wed, 21 Nov 2007 02:08:02 +0000 I have got Hybrid Discretionary Trust set up for ~$400 and company for ~$700 through an accountant.

]]> 99f46127e0f8c401e46ae261b6d5585c propertypower replied to the topic Adelaide or Brisbane in the forum Help Needed! https://www.propertyinvesting.com/topic/4391491-adelaide-or-brisbane/#post-4577478 Wed, 21 Nov 2007 02:03:36 +0000 Hi eller,I think the decision will depend on your investment timeframe. I think in short to medium term Adelaide will be as good as Brisbane. Adelaide has one of the most affordable house prices amongst the capital cities. Also, SA has got uranium mines and will continue to grow for some time on the back of resources boom. However, over a longer…[Read more]

]]> 0581d8f79eea9e56386dfe8cbaa5609d propertypower replied to the topic Is property investing really all its cracked up to be? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391500-is-property-investing-really-all-its-cracked-up-to-be/#post-4577564 Wed, 21 Nov 2007 01:14:54 +0000 Hi Phil,First of all, welcome to the forum.Its an interesting point you have raised but there are few things you should consider:1. You should consider income from rent. What are the projectiosn if you assume a 5% yield.2. The capital growth you have taken are very conservative. What are the projections when you use a more realistic growth of…[Read more]

]]> 3bcbe288788799a45e4cf9ccedc81d6f propertypower replied to the topic HELP! Being lured toward "Real Estate Mastery - EmpowerNet" in the forum Help Needed! https://www.propertyinvesting.com/topic/4391098-help-being-lured-toward-real-estate-mastery-empowernet/#post-4575632 Sun, 18 Nov 2007 11:24:26 +0000 probably worth reporting to jenman.com.au

]]> 6b8f5b4c7474fe763d794772e8d761d8 propertypower replied to the topic written offers in the forum Help Needed! https://www.propertyinvesting.com/topic/4391466-written-offers-2/#post-4577361 Sun, 18 Nov 2007 02:06:25 +0000 Make sure you include enough clauses to get out of a deal if too many of your offers get accepted. Personally, I don't have more than 2-3 offers at any given point in time and always have date/time after which my offer is not valid.

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