PropertyInvesting.com | renel | Activity https://www.propertyinvesting.com/members/renel/activity/ Activity feed for renel. Wed, 15 Apr 2026 02:33:17 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 0bccfc4fb5de1ca0de326eaaaf3b5ca5 renel replied to the topic Redrawing from Investment Property Loan in the forum Help Needed! https://www.propertyinvesting.com/topic/4400038-redrawing-from-investment-property-loan/#post-4624943 Fri, 30 Aug 2013 23:22:00 +0000 This article explains it
http://www.smh.com.au/articles/2004/08/13/1092340458713.html

]]> 8974520574f49bbb60a98445f7b8472f renel replied to the topic Delayed settlement in the forum Help Needed! https://www.propertyinvesting.com/topic/4407818-delayed-settlement-2/#post-4678975 Thu, 11 Oct 2012 13:26:55 +0000 Yes Im in WA

BTW – settled today. All went smoothly. :)

]]> 672796ad076801ae7df216cd259a7273 renel replied to the topic Delayed settlement in the forum Help Needed! https://www.propertyinvesting.com/topic/4407818-delayed-settlement-2/#post-4678967 Wed, 10 Oct 2012 12:41:04 +0000 My settlement agent is reffered to as the conveyancer

]]> 0b9d60dd649e1de1d1e3f0a4e18567ec renel replied to the topic Delayed settlement in the forum Help Needed! https://www.propertyinvesting.com/topic/4407818-delayed-settlement-2/#post-4678965 Tue, 09 Oct 2012 12:40:03 +0000 This is the 3rd property we've bought (but first IP) and no one has ever mentioned we needed a lawyer. At waht stage do you hire one? What is their role?

The invoice is for the remainder of the 10% deposit (minus what we paid when the offer was accepted), plus rates/water adjustment, plus settlement agent fees (inc title search and reg…[Read more]

]]> 252d2d01df7fe83a21016fa5c3932bad renel replied to the topic Delayed settlement in the forum Help Needed! https://www.propertyinvesting.com/topic/4407818-delayed-settlement-2/#post-4678963 Mon, 08 Oct 2012 13:11:49 +0000 Thanks. I dont know of any lawyers involved in this. I have told the settlement agent that the money is likely to be delayed.
The vendor delayed settlement first, so I take that as a sign that they wont charge us interest. Hopefully.

Do I have any recourse because I wasnt given much time to pay? Or am I clutching at straws?

]]> a2fd3c5dd3c9da95bbc71dcfcd446013 renel replied to the topic Reference checks in the forum Help Needed! https://www.propertyinvesting.com/topic/4407654-reference-checks/#post-4677671 Tue, 18 Sep 2012 13:39:34 +0000 Brilliant, just want I was after!

]]> aa602d3ac07c26a8fdccd2e20cfc586d renel replied to the topic Know how to remove the smell of a smoker? in the forum Help Needed! https://www.propertyinvesting.com/topic/4376059-know-how-to-remove-the-smell-of-a-smoker/#post-4490101 Tue, 18 Sep 2012 10:34:13 +0000 Ok so the general consensus is that you can specify 'no smoking inside'? That would mean that if walk in and the place smelt like an ashtray it would be an evictable offense?

]]> d7d3a0807ca7e2d517c5c18c7af1cd60 renel replied to the topic Finding a tenant for a House- Fee for Service Basis in the forum Help Needed! https://www.propertyinvesting.com/topic/4406932-finding-a-tenant-for-a-house-fee-for-service-basis/#post-4672390 Tue, 18 Sep 2012 10:27:43 +0000 I put an ad on gumtree and had 12 responses in a couple hours. Its been a day now and its 20+!

]]> e20b1f7e10d16dab10f19c06cddc762d renel replied to the topic Renovating Workshops in Perth in the forum Value Adding https://www.propertyinvesting.com/topic/4407216-renovating-workshops-in-perth/#post-4674329 Fri, 14 Sep 2012 11:47:40 +0000 Yeah I saw the cost of the Cherie B ones and passed. I think the $900 is just one installment!

I looked up youtube and got distracted learning how to reupholster chairs. Just bought a staple gun and sander from Bunnings. Dont have any chairs yet.

]]> 25995e83a62fb9100ae5e46357823c47 renel replied to the topic Cash Reserves in the forum Finance https://www.propertyinvesting.com/topic/4407300-cash-reserves/#post-4674983 Fri, 14 Sep 2012 11:43:20 +0000 Ok so $10k on hand is ok then. Cheers everyone

]]> 9ba6ca4578065d32693562f9f3f2d346 renel replied to the topic Can utility company make the landlord responsible for tenant's outstanding bills? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407360-can-utility-company-make-the-landlord-responsible-for-tenants-outstanding-bills/#post-4675468 Fri, 17 Aug 2012 11:08:39 +0000 I moved out of a shared rental when i was younger. I had the electricity bill in my name. I moved out and just before I called the electricity company to say I was but my house mate was staying. They said she had one month to call them and put it in her name otherwise it would be disconnected.
Over 12 months later I got a letter from a debt…[Read more]

]]> ff8d6c1a29c335a95150a09fdd25d526 renel replied to the topic Claim renovating tools in the forum Value Adding https://www.propertyinvesting.com/topic/4407214-claim-renovating-tools/#post-4674314 Thu, 26 Jul 2012 02:50:17 +0000 ShellT – i think you might have posted in the wrong thread! oops!

]]> 7e71d612fa3b6d64366e13a39b260871 renel replied to the topic Claim renovating tools in the forum Value Adding https://www.propertyinvesting.com/topic/4407214-claim-renovating-tools/#post-4674311 Tue, 24 Jul 2012 08:18:48 +0000 good tip thanks

]]> d1890ecd39be88c061442c2e59f61d7b renel replied to the topic knowledge in the forum Help Needed! https://www.propertyinvesting.com/topic/4407211-knowledge/#post-4674305 Tue, 24 Jul 2012 06:04:00 +0000 It is a listing all of the potential costs that I am looking for

]]> 553f4fb82df9b9ddd5b887d5f7395826 renel replied to the topic knowledge in the forum Help Needed! https://www.propertyinvesting.com/topic/4407211-knowledge/#post-4674303 Tue, 24 Jul 2012 02:59:53 +0000 Has anyone come accross a resource that can help you work out the cost / profit potential of a job?

]]> 1f11e8230af62aeb6aa837f3eda4d78a renel replied to the topic Can't seem to crack first IP...maybe call in the pro's? in the forum We have been to lots of https://www.propertyinvesting.com/topic/4407074-cant-seem-to-crack-first-ip-maybe-call-in-the-pros/page/2/#post-4673393 Fri, 13 Jul 2012 04:41:44 +0000 We have been to lots of properties, even tried to buy 2 (1 the offer was not excepted, the other had a minefield of problems when we read the strata agm). What I asking is do BA have access to other research info that I cant access?

]]> 7b3846af1c205d89d320029ded659230 renel replied to the topic Can't seem to crack first IP...maybe call in the pro's? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407074-cant-seem-to-crack-first-ip-maybe-call-in-the-pros/#post-4673391 Fri, 13 Jul 2012 01:51:06 +0000 What can a BA do that I can't?Obviously I can find whatever informaton google has. I look at median rental and purchase prices on REWIA, i have have foudn a site that shows older listings (from domain only) to give an indiaction of time on the market and previous list prices, I also have an extensive excel sheet…….what am I missing…?

]]> 98c1d0adac556d8f745ffc9694eb9b67 renel replied to the topic Can't seem to crack first IP...maybe call in the pro's? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407074-cant-seem-to-crack-first-ip-maybe-call-in-the-pros/#post-4673387 Wed, 11 Jul 2012 23:59:31 +0000 Actually yes Richard they do have in house finance……that is what i was primarily using them for…..hmmm

]]> ff73f728ade48b76c4ba56cdcee508de renel replied to the topic Spare cash for spare rooms in the forum Creative Investing https://www.propertyinvesting.com/topic/4406781-spare-cash-for-spare-rooms/#post-4671326 Wed, 11 Jul 2012 11:56:31 +0000 A bit off track – We are just getting our spare room ready to become hosts to students and asylum seekers. Each placement is for 4 to 6 weeks. Its not renting out the room as such, more of a boarding situation. The money you receive is to cover the extra bills etc, so its not a profit making thing. I keep seeing on tv all the people living in…[Read more]

]]> ed6c568f4c386343e8d462ae98afc2cf renel replied to the topic Can't seem to crack first IP...maybe call in the pro's? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407074-cant-seem-to-crack-first-ip-maybe-call-in-the-pros/#post-4673379 Tue, 10 Jul 2012 13:32:04 +0000 True. I guess my first problem is I have 2 sets of criteria based on 2 sets of advice! First is buy with in 10K of city (my budget means 1 or 2 bed aprtment under 60sqm). The other is to own land land land (house), meaning further out. I have been mainly focusing on the first one as my mindsest is that as the population grows, the 10k radius of…[Read more]

]]> c253bc966c38d3f799fd59ff533bdd06 renel replied to the topic Can't seem to crack first IP...maybe call in the pro's? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407074-cant-seem-to-crack-first-ip-maybe-call-in-the-pros/#post-4673377 Tue, 10 Jul 2012 12:51:19 +0000 Picking good rental return properties is easy. I have a big excel sheet i created to do that. Plus i think its common sense when picking a location other people are likely to want to live. Its the capital growth that is a big mystery to me. Almost like buying a lotto ticket!

]]> b3a9b829dd3798ba3e864586a0914efa renel replied to the topic Always Interest Only loan for Investment Properties? in the forum Finance https://www.propertyinvesting.com/topic/4406947-always-interest-only-loan-for-investment-properties/#post-4672490 Sun, 24 Jun 2012 13:39:17 +0000 How can it be the same outcome when you are giving the banks an extra few years of interest payments….or are you saying that becuase the tennant is covering the IO payments thats why your not worse off…?

]]> 341bc7bfa05a5caddd31896daebfa8c8 renel replied to the topic how to assess if a subdivision deal is worth going for or not? in the forum Value Adding https://www.propertyinvesting.com/topic/4406660-how-to-assess-if-a-subdivision-deal-is-worth-going-for-or-not/#post-4670480 Sun, 24 Jun 2012 13:36:20 +0000 When subdividing, would you be better off just selling the new block, or building first? Considering the time it takes to build, and the $ of the building loan…

]]> 2326dfa8acbbe5635d2c2833af679e1e renel replied to the topic Always Interest Only loan for Investment Properties? in the forum I actually remember coming https://www.propertyinvesting.com/topic/4406947-always-interest-only-loan-for-investment-properties/#post-4672488 Sun, 24 Jun 2012 13:23:52 +0000 I actually remember coming across this last week on one of my many hunts for information. The article relates alot to PPOR, of which we do not have (living rent free in a family home – alone!).Also, is it just assumed by all discussing IO that it will only be for 5 or 10 years, After which you start paying P&I? Or are people doing IO for longer…[Read more]

]]> d17a6281b7119ef334a595a2f103ff89 renel replied to the topic Features of Investment loan in the forum Finance https://www.propertyinvesting.com/topic/4406948-features-of-investment-loan/#post-4672497 Sun, 24 Jun 2012 13:16:44 +0000 So what your saying is that you are paying for the advice and guidance (as opposed to thinking about lining the big 4's pockets!)

]]> d1f4ac148a3d9f76f5232202109b3771 renel replied to the topic Good deal? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406937-good-deal/#post-4672416 Sun, 24 Jun 2012 13:14:46 +0000 Does anyone else agree with wren10 { unless the rental return (pw) is equal to the purchase price (minus the zeros) }?That would be 5.2% gross. Is that a good figure to aim for? What about net %?

]]> 8278a7013d23c5c76fd8dbfc1bd1e9a3 renel replied to the topic Finding a tenant for a House- Fee for Service Basis in the forum How do you advertise for https://www.propertyinvesting.com/topic/4406932-finding-a-tenant-for-a-house-fee-for-service-basis/#post-4672385 Sun, 24 Jun 2012 13:00:14 +0000 How do you advertise for tennants? The main websites only take listings from agents…

]]>