PropertyInvesting.com | prusli | Activity https://www.propertyinvesting.com/members/prusli/activity/ Activity feed for prusli. Sat, 11 Apr 2026 15:00:02 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 90b3b82935b732a40ef3d1d2b3a540e8 prusli replied to the topic Can this really be Done??? in the forum Help Needed! https://www.propertyinvesting.com/topic/4399838-can-this-really-be-done/#post-4623945 Mon, 10 May 2010 10:36:28 +0000 Hi Johann,What strategy to take depends on the % of your return, that is your profit divided by your capital & costs for the project.  Renovation or development is more active strategy and requires a lot more time commitment.For buy and hold strategy you can estimate the potential growth in your area and divided that with the equity in the…[Read more]

]]> 7e5e3a586bce30c2f9f18002dd710832 prusli replied to the topic do i subdivide or build units in the forum Hi Maws, Depending on which https://www.propertyinvesting.com/topic/4399841-do-i-subdivide-or-build-units/#post-4623968 Mon, 10 May 2010 10:00:45 +0000 Hi Maws,Depending on which state and suburb the cost for unit development can be a lot cheaper than subdivision because you can share the services (separate meter) such as power and sewage.  Unit title requirement can be as little as sharing the letter box in the common area.  Another thing to consider in your design is to have separate driveway f…[Read more]

]]> c0f1b4b2b04c59f2a012db98b093c78d prusli replied to the topic Should I sell my only IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4399813-should-i-sell-my-only-ip/#post-4623738 Thu, 06 May 2010 10:32:26 +0000 Hi Barbara,Tricky situation you have there.  What do you think the property market outlook in your area?  if you think the growth will be higher than the -ve gear then you might want to consider keeping it until market settles down.  You also might be able to borrow more if you dont mind renting one or more rooms from your PPOR.

]]> 2801af0805a5ca97b77eb8f229d6e03f prusli replied to the topic To stick with Rental Manager or do it myself???? in the forum Help Needed! https://www.propertyinvesting.com/topic/4399809-to-stick-with-rental-manager-or-do-it-myself/#post-4623711 Thu, 06 May 2010 10:17:01 +0000 Hi Jess,I have tried both doing it myself and through property manager.  My preference is to have someone else looking after my property specially if the location is far from where I live.  The only time I managed myself was when I had bad experience with agent. 7% sounds reasonable to me.

]]> cbf113561193e58d9ecd47588daeeb04 prusli replied to the topic Capital or Cash Flow? in the forum Help Needed! https://www.propertyinvesting.com/topic/4399794-capital-or-cash-flow/#post-4623647 Thu, 06 May 2010 10:04:55 +0000 If I understand correctly, you still have to pay interest for the money you take from PPOR and it is not tax deductible.  It wont matter where money goes because we treat them as one portfolio.

]]> 7cffc062a6772689c2c9d1839f25cb7b prusli replied to the topic Capital or Cash Flow? in the forum Help Needed! https://www.propertyinvesting.com/topic/4399794-capital-or-cash-flow/#post-4623645 Wed, 05 May 2010 14:12:34 +0000 Ideally we want to have 50/50 balance i.e. cash flow positive to fund the negatively geared growth property.However there is possibility to invest in growth area with minimum cost if you can build unit development and sell some just enough to keep one or two remaining unit for cash neutral.For my own experience I started with buy and hold strategy…[Read more]

]]> b18033806860ec2c8f6f159ae3563320 prusli replied to the topic HELP NEEDED WITH BUYING AN INVESTMENT PROPERTY WITH EQUITY in the forum Help Needed! https://www.propertyinvesting.com/topic/4399795-help-needed-with-buying-an-investment-property-with-equity/#post-4623652 Wed, 05 May 2010 10:58:36 +0000 Hi Grant,Your LMI increases exponentially with LVR i.e. the higher the LVR the higher the percentage.  You could ask your lender to provide the LMI table to get better understanding.  LMI usually applies if you borrow more than 80% but I know several lenders can go up to 85% without LMI.  Westpac is one of them I think.  Check with your bro…[Read more]

]]> eae20a50a30883202b7ef255c9aa141f prusli replied to the topic Anubis' guide to Launceston Tas part 2 in the forum General Property https://www.propertyinvesting.com/topic/4374884-anubis-guide-to-launceston-tas-part-2/#post-4481836 Sun, 07 Sep 2008 11:54:32 +0000 Hi Anubis,Thanks for your info about northern part of launceston.  I wonder if any of these suburbs have improved because the rental yield is above 6% in some areas.

]]> 9e012fa8da18ec6564ee87de31b8eedd prusli replied to the topic Any one knows a forum like this for share/option/index traders? in the forum General Property https://www.propertyinvesting.com/topic/4393145-any-one-knows-a-forum-like-this-for-shareoptionindex-traders/#post-4586579 Sat, 10 May 2008 16:00:20 +0000 try http://www.optionetics.com forums.  it is a US based company but same principal can be apply in australia.  I find market here is not as liquid as US market.  The only broker I know has good facility to do different option trades such as calendar, straddle or butterfly etc is http://www.optionexpress.com.au …  another broker to consider if you are trad…[Read more]

]]> 4f84a94f75c651e86233671f1f1e54d6 prusli replied to the topic RESULTS mentoring in the forum Heads Up! https://www.propertyinvesting.com/topic/4393086-results-mentoring/#post-4586355 Wed, 07 May 2008 00:07:59 +0000 I have enrolled in Results 2008.  PM me few months later.

]]> 26a503cff7bba610ec952669eb05e805 prusli replied to the topic Is this possible? $40k a year salary and wanting to buy first investment property in the forum Help Needed! https://www.propertyinvesting.com/topic/4393062-is-this-possible-40k-a-year-salary-and-wanting-to-buy-first-investment-property/#post-4586288 Thu, 01 May 2008 12:36:31 +0000 hi catsgrave,I am not an expert and dont know your situation but I was in your situation and bought $180K investment.Salary $40K gives approx $2500 monthly into your bank.you can aim to save about $1500 per month if you dont have family or other debt(s).In 6 months you might have $9000 + $3000 saving + $7000 first home grant = $19,000you might be…[Read more]

]]> e8108b9ffe560e70c3dae35678c0fe6f prusli replied to the topic Only 14 y/o. Where do i start???? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392555-only-14-yo-where-do-i-start/#post-4583883 Wed, 05 Mar 2008 13:50:01 +0000 Well done Kean, I wish I had the same courage when I was 14.  You can start by reading investing books free from library and ask specific question(s) to this forum while saving for a deposit.

]]> 689b5c58c50e00d9126671f3ea113d8d prusli replied to the topic 3 day mega property investing conferenece 2008, in the forum Help Needed! https://www.propertyinvesting.com/topic/4392558-3-day-mega-property-investing-conferenece-2008/#post-4583894 Wed, 05 Mar 2008 13:38:49 +0000 welcome to forum.  I went last year and learnt few things.  It also depends on your current level of knowledge on investing.  I cant speak for others but in my situation I managed to increase my portfolio significantly from reading books, attending seminars and talking with other experienced investors.  I wouldnt go to his seminar again not bec…[Read more]

]]> ca709c2112f794f3af52554b04eb4403 prusli replied to the topic problem with valuer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391483-problem-with-valuer/#post-4577443 Tue, 20 Nov 2007 01:52:03 +0000 Thanks for your response.I had a chat with the manager he agreed the property is under valued based on rental income but he can justify the house price based on rental alone.  Rental is only derived from house price but not the other way round.I have just renovated this house internally all brand new such as bathrooms, kitchen and floor.  I am l…[Read more]

]]> 6c3d82800d5dbc9d6343cace67750f09 prusli replied to the topic problem with valuer in the forum Help Needed! https://www.propertyinvesting.com/topic/4391483-problem-with-valuer/#post-4577439 Mon, 19 Nov 2007 11:36:13 +0000 Hi V8ghia, this is a full valuation and I am paying for it then pass it on to Macquarie for refinance.  I asked all agents that inspected my property to tell me the comparable sale and also passed this info to the valuer.

]]> 6362ec6ce08847324dc75ab996aae912 prusli replied to the topic finance option buying 3 out of 5 units in the forum Finance https://www.propertyinvesting.com/topic/4391368-finance-option-buying-3-out-of-5-units/#post-4576870 Thu, 08 Nov 2007 11:16:00 +0000 deal is off.  Vendor changed his mind asking more than agreed price.

]]> df1481e3de1b5d5fff448bd31eae3d56 prusli replied to the topic finance option buying 3 out of 5 units in the forum Finance https://www.propertyinvesting.com/topic/4391368-finance-option-buying-3-out-of-5-units/#post-4576868 Mon, 05 Nov 2007 11:49:59 +0000 thanks.. with my situation using hybrid trust eliminates most lenders.  I tried Westpac and they said no.  I am going thru Macquarie at the moment but their fixed 3 yr rate is 8.50% higher than most lenders.  Not sure why they dont want ppl to fix the loan.  I'll try NAB and hopefully they can give me good deal.

]]> b7e892c1427d3b5b51086897ba99bd84 prusli replied to the topic finance option buying 3 out of 5 units in the forum Finance https://www.propertyinvesting.com/topic/4391368-finance-option-buying-3-out-of-5-units/#post-4576866 Mon, 05 Nov 2007 11:12:52 +0000 you are saying 25% rule is from the insurer and will not apply for 80%LVR?

]]> bdb0b7b319e200bc9bb059b5a60bea57 prusli replied to the topic My turn to Brag !! in the forum Value Adding https://www.propertyinvesting.com/topic/4385680-my-turn-to-brag/page/2/#post-4548259 Sat, 28 Jul 2007 10:37:29 +0000 AmandaBS wrote:
Thanks Simon. It was only a basic makeover For those of you interested here goes; Stumper to level and fix $3650 Plasterer $550 Tree lopper $750 New double carport kit $1486 New Laminex kitchen bench top $220 Bobcat $372 Pest Control $187 Skip bins 2 @ 190 = $380 Electrician $1204 New glass shower screen $829 New Security grills…[Read more]

]]> f4b25927999de100f7c1b54708bfd3bf prusli replied to the topic Property Investment Group in Canberra Needed!!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4387075-property-investment-group-in-canberra-needed/#post-4555951 Sun, 22 Jul 2007 03:47:57 +0000 Hi,when will be the next meeting?  I would like to meet ppl with similar interest

]]> 8207d55585f966529704b1b5cf2d5c1f prusli replied to the topic Canberra rental experiences in the forum Help Needed! https://www.propertyinvesting.com/topic/4388765-canberra-rental-experiences/#post-4563721 Sun, 22 Jul 2007 03:07:26 +0000 Hi everyone,I will be doing renovation in 4 wks time in Belconnen area. Can anyone recommend tiler, electricians, plumber for both drainage and plumbing work, gas fitter, carpenter and handy man?The reno job will be:1. retile 2 bathrooms, toilet and laundry2. replace an existing bath with shower and toilet (drainage work required) in one…[Read more]

]]> e5369799f65c58108857e74e8ba695c4 prusli replied to the topic land value in VIC in the forum General Property https://www.propertyinvesting.com/topic/4388843-land-value-in-vic/#post-4564082 Tue, 20 Mar 2007 03:42:20 +0000 thanks Scarecrow7,

I have just compare two properties from the same area (50 meters apart)

Property1

Capital Improved Value = $231K
rates = $621.05
land value = ???

Property2

rates = $760
land value estimated by valuer $210K

Correct me if i am wrong but can I use this formula to calculate the land value for property1 (210000/760)*631.05 = $174K?

]]> a383cbbde6ce756b2e112a71cd517a77 prusli replied to the topic land value in VIC in the forum General Property https://www.propertyinvesting.com/topic/4388843-land-value-in-vic/#post-4564080 Sun, 18 Mar 2007 01:51:01 +0000 the land is in Heidelberg area. I talked to agents/ppl from other area and they said it is rough area but it has good growth based on recent sales.

]]> ee46a4dae6f52cff780a7acd6054ef11 prusli replied to the topic land value in VIC in the forum General Property https://www.propertyinvesting.com/topic/4388843-land-value-in-vic/#post-4564077 Fri, 16 Mar 2007 05:41:13 +0000 thanks guys,

I finally got a valuer to estimate the property.

Just a story to share, the property is advertised for $280+ and I remember the agent mentioned vendor is happy to consider $280K – $290K.

I get the valuation done at $310K. Then the agent told me the valuer indicated him the property worth $310K. He refused to submit my offer at…[Read more]

]]> 8823efc499006c459dba251b7d0b24cc prusli replied to the topic help on refinancing strategy in the forum Finance https://www.propertyinvesting.com/topic/4388591-help-on-refinancing-strategy/#post-4563031 Fri, 23 Feb 2007 08:05:42 +0000 thanks Marc,

After reading Steve’s book and many others I want to add +ve IPs in my portfolio.
Sit around and do nothing will drive me crazy :)

Right now I dont have enough for deposit. The only way is to increase my existing loan to get me started.
It would take me a year or two to come up with the same amount of money.

I am happy as long as…[Read more]

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