PropertyInvesting.com | psychic26296 | Activity https://www.propertyinvesting.com/members/psychic26296/activity/ Activity feed for psychic26296. Mon, 13 Apr 2026 00:14:32 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 50ea4b9d6a9ef5ab44cff485a0355e8c psychic26296 replied to the topic Can I use more than 1 broker? in the forum Finance https://www.propertyinvesting.com/topic/4391270-can-i-use-more-than-1-broker/#post-4576482 Sat, 27 Oct 2007 06:57:19 +0000 Thank You so much for all your replies.  Another question is, Is it wise to use a broker in your home town as apposed to one in a different state.  I am looking at purchasing in other states now and wondered if there may be different products in othere states or are they all pretty much the same?Thanks againAnita

]]> 2ac565d1b874b675defc19472a9edbeb psychic26296 replied to the topic Developing within a Trust? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391063-developing-within-a-trust/#post-4575517 Wed, 10 Oct 2007 13:05:00 +0000 Thanks Bob and TerryI know that a Dicretionary Family Trust is not the best structure for property, but my accountant set it up as I thought I would be purchasing Positive cashflow properties – until I realised they were nigh on impossible!!!However the property we purchased cost $172,000 18 months ago and is rented for $340pw and the 2 houses we…[Read more]

]]> e50b0807a4c96c3de83cd1b4d27ae8ff psychic26296 replied to the topic $1Million dollar house no money down? in the forum Finance https://www.propertyinvesting.com/topic/4389811-1million-dollar-house-no-money-down/#post-4568836 Thu, 07 Jun 2007 12:32:19 +0000 Thank you for your comments above they are really appreciated and given me lots of things to think about. We are negotiating at $920,000 with rent back at $300pw for a year.We are also thinking of selling 1 or 2 properties so we are not  so stretched.LR – I do understand your theories and agree entirely about watching other peoples lives on TV.  I…[Read more]

]]> b88264ba96c7cb9d6abd5f5ac55b3590 psychic26296 replied to the topic $1Million dollar house no money down? in the forum Thanks Marc I understand https://www.propertyinvesting.com/topic/4389811-1million-dollar-house-no-money-down/#post-4568831 Tue, 05 Jun 2007 14:26:46 +0000 Thanks MarcI understand what you mean.  I did get to speak to my elusive accountant today and he said similar to you and to sell down.  Although I didn't mention above that I would purchase it as an investment at first as the owners are building and would like to rent back.  As we are in no rush to move we would allow them to rent back for as lo…[Read more]

]]> a7029e5cf89340ada160cda052199b6d psychic26296 replied to the topic Subdividing with a Builder in the forum No Subject https://www.propertyinvesting.com/topic/4387277-subdividing-with-a-builder/#post-4556809 Mon, 13 Nov 2006 12:10:10 +0000 Thanks for your reply Fernfurn

The headworks are the statutory water authority costs so I think they are fixed.

However we did go to see the salesman re this quote and went through afew things with him. The retaining is for the sewerage to fall. We also checked with the council and the water authority and they said we could build 1.5M away…[Read more]

]]> 92f9b0c4e58fcb174b6dc606d59550d3 psychic26296 replied to the topic Subdividing with a Builder in the forum Value Adding https://www.propertyinvesting.com/topic/4387277-subdividing-with-a-builder/#post-4556807 Tue, 07 Nov 2006 16:23:09 +0000 Hi Fernfurn

These costs include:

Headworks at approx $6000

Repeg survey, setout & contour feature survey $1000

Earthworks (higher floor to create fall) $10,000
Side access track $1000

Retaining Walls approx 54sqm…[Read more]

]]> 9337857ec3b4b303ee8a8dbac33a15d5 psychic26296 replied to the topic Subdividing with a Builder in the forum Value Adding https://www.propertyinvesting.com/topic/4387277-subdividing-with-a-builder/#post-4556803 Sat, 04 Nov 2006 10:16:18 +0000 Hi Tools

Yes I mean experience with piling and site costs. Are these costs normal for such a low cost house and why could it cost so much?

Regards Anita

]]> 884078b93d4027350b5ac859e2347dac psychic26296 replied to the topic Designing Floorplans in the forum Value Adding https://www.propertyinvesting.com/topic/4387025-designing-floorplans/#post-4555692 Thu, 02 Nov 2006 16:43:17 +0000 Hi, you could try http://www.homeplanpro.com/index, You can try it for a month before you buy it. Can’t say if it is Mac compatible though.

Anita

]]> 64711a1c40a88315d8b70860bd4dab2f psychic26296 replied to the topic investor finance in the forum Help Needed! https://www.propertyinvesting.com/topic/4387124-investor-finance/#post-4556170 Thu, 19 Oct 2006 14:52:19 +0000 Hi nsellar

I went to a “Wealth” seminar in Perth afew months ago and Investor Finance were there to give advice during the intervals. I made an appt with one of the guys and he was really helpful and worked out a way of refinancing for us to enable us to have access to alot more money.

However, I think they are brokers but seem to be Investor…[Read more]

]]> ca4aa7765ee9313e90a8f45160f12cc2 psychic26296 replied to the topic Anyone hit the jackpot in WA?? in the forum General Property https://www.propertyinvesting.com/topic/4385740-anyone-hit-the-jackpot-in-wa/#post-4549613 Mon, 19 Jun 2006 13:53:30 +0000 Lucky for me I have all my properties in WA – only cause I live here!

But since the Results programme I have purchased 3 properties in WA but I must admit the market is very competitive here. You have to be very quick with your decision and have finance approved and make as few conditions as possible if you want to stand a chance of your offer…[Read more]

]]> 7934b949869a37447fbc0417f801d12e psychic26296 replied to the topic accountant talking us out of trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4385200-accountant-talking-us-out-of-trust/page/2/#post-4546122 Wed, 03 May 2006 10:31:25 +0000 Thanks Cata

You are AMAZING!!! You have put my mind at rest, the structure I am in is not great but it’s not too bad either. When I am ready to move into more property I will certainly consult you.

All the best – Anita

]]> e6afe2c6deaf30821d0a55b75e328189 psychic26296 replied to the topic accountant talking us out of trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4385200-accountant-talking-us-out-of-trust/page/2/#post-4546120 Tue, 02 May 2006 14:58:49 +0000 Hi Cata
I have three properties in the Trust.
The developments will be subdividing and building another one on one property and keeping both.

Then subdividing and building another two on another property(possibly selling the original house as it is old) and keeping the 2 new ones.

The third we will do a small reno and sell to give us money for…[Read more]

]]> 653d2ac5c479b896b52d0401a7bb6c31 psychic26296 replied to the topic accountant talking us out of trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4385200-accountant-talking-us-out-of-trust/#post-4546116 Mon, 01 May 2006 14:05:14 +0000 I do have just a normal Discretionary Trust and there is only myself as trustee and my partner as beneficiary. My son was in it but as he is 21, I was told that if he went for a loan for himself, then my debt would show up against him so we had to amend the deeds and remove him.

Is it possible to change to a Hybrid Trust as I only formed this…[Read more]

]]> fca2d27f6d804264ed4df9ef38fa3b85 psychic26296 replied to the topic accountant talking us out of trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4385200-accountant-talking-us-out-of-trust/#post-4546112 Mon, 01 May 2006 01:40:49 +0000 Hi Everyone
This topic has just come at the right time for me as I just didn’t sleep last night worrying about my trust situation.

A friend lent me a DVD from Ed Chan and in it he covers structuring and the importance of getting it right. He says that property in a Discretionary Trust is a disaster because I quote:
“with a discretionary trust…[Read more]

]]> a3ffda9e23eeabb341548946fde469bd psychic26296 replied to the topic KNOW ABOUT WIZARD HOME LOANS? in the forum No Subject https://www.propertyinvesting.com/topic/4384381-know-about-wizard-home-loans/#post-4541475 Thu, 23 Feb 2006 02:14:30 +0000 Yes, Simon, thanks.

I have just got the OK from National for an 80% loan at 5.95% fixed for 1 yr so I hope this plan will work and I don’t overcommit my borrowings with Wizard. Plus all loans stand on their own!

Hope I am doing the right thing.

Anita

]]> 39bfa7e369cbaa41f0ed11e586ddac59 psychic26296 replied to the topic KNOW ABOUT WIZARD HOME LOANS? in the forum No Subject https://www.propertyinvesting.com/topic/4384381-know-about-wizard-home-loans/#post-4541473 Wed, 22 Feb 2006 16:58:50 +0000 Anita back again
Thank you for all you advice. I don’t owe anything on my own home but have now released the title to Wizard so they have arranged to lend me $180,000 on an IP now near settlement , plus $341,000 to use whenever.

With Low and no doc loans willing to lend 80% then am I able to draw down 20% deposits from the Wizard loan without…[Read more]

]]> 3c747834d706801bbe93e056bff31567 psychic26296 replied to the topic European laundries in the forum Value Adding https://www.propertyinvesting.com/topic/4384245-european-laundries/#post-4540903 Mon, 20 Feb 2006 17:29:43 +0000 Yes, we put in a European laundry when we renovated our house afew years ago with bi-fold doors to hide everything away. It is right next to my kitchen so that all the plumbing is in a straight line. It is really innovative and saves so much space yet is functional also. If you can afford the 2nd bathroom I think this will increase the value…[Read more]

]]> 149086debd78a8ee34cd45b5a5ebb0c1 psychic26296 replied to the topic KNOW ABOUT WIZARD HOME LOANS? in the forum Finance https://www.propertyinvesting.com/topic/4384381-know-about-wizard-home-loans/#post-4541469 Mon, 20 Feb 2006 12:37:33 +0000 Anita here!

Thank you so much for your informative replies. I get the impression that whichever broker you get information from seems to want their piece of the pie. I have had advice to pull loans away from ANZ (at a cost). I am not entirely unhappy with ANZ it’s just that they kept so much collateral from me and didn’t give me advice on how…[Read more]

]]> 16c49ece76b9a387ffbaa15c676cbf96 psychic26296 replied to the topic beneficiaries on trusts in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4384228-beneficiaries-on-trusts/#post-4540836 Wed, 08 Feb 2006 17:47:35 +0000 Hi Grant
Interesting post as I have just had the same problem. After discussing with my accountant, I set up a family/discretionary trust also (don’t know if there is a difference between family and discretionary) and put my partner and my son on it as beneficiaries. My lender (Wizard Home Loans) then told me that as my son is over 18 – if he…[Read more]

]]> 17daa46090468d0fea1dd4d85cc7fa98 psychic26296 replied to the topic Investing interstate in the forum No Subject https://www.propertyinvesting.com/topic/4383803-investing-interstate-3/#post-4538675 Thu, 12 Jan 2006 17:17:12 +0000 Hi, I too am from WA and I agree property is booming over here, nothing lasts more than 3 weeks it seems so you have to act fast. But as regards to the numbers, the rents are sadly lacking behind which makes the eastern States seem really attractive.

The rents are almost double in the Eastern States to what you can get in some areas here, so you…[Read more]

]]> c8adc460bf042441821823edb44e4899 psychic26296 replied to the topic Setting up a Family Trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4383785-setting-up-a-family-trust/#post-4538593 Thu, 12 Jan 2006 16:53:39 +0000 Amazing that you should post this question as I was with Patrick from RMG Accounting in Subiaco only yesterday after waiting for weeks to get in to see him.

I was enquiring about trusts and which way to go and he suggested a Family Trust which he can set up for $450 – I thought that was very reasonable considering some of the posts in this forum…[Read more]

]]> e88bbaa52225514c96e4d592cc71edf1 psychic26296 replied to the topic Need help with first Commercial Deal in the forum No Subject https://www.propertyinvesting.com/topic/4383264-need-help-with-first-commercial-deal/#post-4535780 Tue, 22 Nov 2005 16:18:36 +0000 Hi Aussielad
Yeah, thanks for your comments. Your deal sounds much better than mine!! Is it an old building and on the outskirts of town. The one I am looking at has new development going on around it and is only 8mths old. I am looking at the capital growth as I expect the costs to break even. But I was thinking about the borrowing capacity…[Read more]

]]> c8411c6130365f5890339cde01876741 psychic26296 replied to the topic Need help with first Commercial Deal in the forum Help Needed! https://www.propertyinvesting.com/topic/4383264-need-help-with-first-commercial-deal/#post-4535775 Mon, 21 Nov 2005 12:04:17 +0000 Hi Guys

I met the agent today and had a look thru the property and it is better than I thought. It has a roller door so you can drive in.It has an office, toilet shwr and sink all together and nicely tiled. A kitchenette plus another room sectioned off from the main factory area (which would be aprox 64sqm). Then there is a mezzanine level…[Read more]

]]> 78bb9f611327f9020e094fa4649ce012 psychic26296 replied to the topic Need help with first Commercial Deal in the forum No Subject https://www.propertyinvesting.com/topic/4383264-need-help-with-first-commercial-deal/#post-4535773 Sun, 20 Nov 2005 15:32:14 +0000 Thanks for the feedback and for your support. You have given me lots of questions to ask and food for thought. I will keep you informed.

Kind Regards
Anita[mellow]

]]> f2e31b4ff83dd3bd2a02bbffd5d610f3 psychic26296 replied to the topic Need help with first Commercial Deal in the forum Help Needed! https://www.propertyinvesting.com/topic/4383264-need-help-with-first-commercial-deal/#post-4535770 Sun, 20 Nov 2005 08:52:00 +0000 Thanks for you advise guys. I will be speaking to the agent tomorrow. I agree I think the rent should be higher as does the R/E agent but he said “try getting higher rents in the current market”. But because there is a long lease in place I think this may benefit me getting the loan. Plus I won’t have to worry about it. I am sure it is in a…[Read more]

]]> 0f58cb561274084995f1a4e2d4617d8a psychic26296 replied to the topic Just one tip... in the forum No Subject https://www.propertyinvesting.com/topic/4381282-just-one-tip/page/3/#post-4523508 Mon, 01 Aug 2005 08:57:51 +0000 Hi Steve

In my experience you don’t have to be a high earner to invest in property just as long as you can cover the expenses. So do the maths, there are still bargains to be had! I was a single mum when I bought my investment property and I had never been in any one job for much more than a year. My work history has been very insecure but I…[Read more]

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