PropertyInvesting.com | RichLee | Activity https://www.propertyinvesting.com/members/richlee/activity/ Activity feed for RichLee. Mon, 13 Apr 2026 07:55:28 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 1cb3eecadaecf81480eabaf97ff65f3e RichLee replied to the topic Will I Pay CGT? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400286-will-i-pay-cgt/#post-4626268 Fri, 18 Jun 2010 23:07:53 +0000 Thanks Duckster, thats just what I was wanting to know…..and….. Scott No Mates…… "He" is a She  I am not a developer just an everyday person who has built a house and cant decide whether to rent it out (if I do it will pay for itself) or sell……. this was only an option if I dont have to pay CGT…..Cheers

]]> 640f68b2bd24f715ea441e29a600cfb9 RichLee replied to the topic To rent or to buy? That is the question! in the forum Help Needed! https://www.propertyinvesting.com/topic/4400272-to-rent-or-to-buy-that-is-the-question/#post-4626175 Thu, 17 Jun 2010 13:48:21 +0000 For me personally we have rented in between 3 properties. The first home we renovated ourselves and made a great profit when we sold it after 5 yrs, enough to build our 2nd home on a huge block of land which we lived in for 2 yrs before selling and making another nice profit. We have almost completed building our 3rd home which we will be renting…[Read more]

]]> 95d5c7dc1ed998c37bcb6635c05b37f9 RichLee replied to the topic Vacant Block Dilemma in the forum Help Needed! https://www.propertyinvesting.com/topic/4393476-vacant-block-dilemma/#post-4588831 Thu, 17 Jun 2010 13:19:30 +0000 Oh gosh I have not logged on to the forum in a long time! My sincere apologies for not responding to your question.That particular property was in Regional Northern Victoria and was built by Dennis Family Homes :) It sold in Sept 2008 for $465,000.We have almost completed building another home in the same location which we will rent out because we h…[Read more]

]]> 2a57ce6dec9ad0162d788f89955c78c3 RichLee replied to the topic Vacant Block Dilemma in the forum Help Needed! https://www.propertyinvesting.com/topic/4393476-vacant-block-dilemma/#post-4588829 Fri, 13 Jun 2008 06:04:37 +0000 We paid $113,500 for our 1 acre block and built a 4br + study home, we have also put up a large tradeys shed and a large undercover entertaining area. Total cost to do all this $216,500 – so $330,000 in total. It is now on the market for $460,000. With the market being a but up and down at the moment due to interest rates it may take a little…[Read more]

]]> 1e12ad4bb83113b874af9b68fdcefefa RichLee replied to the topic What do you think of these figures? in the forum General Property https://www.propertyinvesting.com/topic/4389596-what-do-you-think-of-these-figures/#post-4567626 Mon, 14 May 2007 04:31:13 +0000 i think your property sounds ok. You will only be borrowing $150,000 and repayments ( over 25yrs, IO, 7.39%) are around $230 a week (depends of course where you get your loan etc..) rental income is $160 a week so property will be neg- geared, depends of course too on your situation, are u looking for neg- or pos+ geared properties etc.The first…[Read more]

]]> a2be44b0cb7bb4afa756b77541f16b6f RichLee replied to the topic NO TENANT in the forum General Property https://www.propertyinvesting.com/topic/4389582-no-tenant/#post-4567575 Mon, 14 May 2007 04:18:04 +0000 my advice was going to be get a new RE Agent…. I think everyone else has it covered, wow I cant believe it has been vacant for that long, it sounds like the perfect place!! take it into your own hands and see how you go and kiss that RE good bye. good luck with it all and keep us posted!!

]]> 45fd17ee88c660c0b37a631c55949893 RichLee replied to the topic My first IP... help please!!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4389601-my-first-ip-help-please/#post-4567638 Mon, 14 May 2007 04:08:31 +0000 I am in a similar situation with you and am opting for the 105% IO loan, only because I dont have the full cash deposit to put towards it and dont want the IP to get away. If I had the cash deposit I would probably chose the 80% option. The cash I do have is going towards renovations on my own property so I guess in the long run I can still use…[Read more]

]]> 3a65ca83d4b03929b32e89a4031a71ec RichLee replied to the topic First IP - How did you set up bank accounts? in the forum thank you so much elka, your https://www.propertyinvesting.com/topic/4389599-first-ip-how-did-you-set-up-bank-accounts/#post-4567630 Mon, 14 May 2007 04:02:36 +0000 thank you so much elka, your info was great and extremely helpful

]]> 77476a8a2e7b11dc83f3fee31171f5a0 RichLee replied to the topic Dodgey electrician.. what to do? :( in the forum Help Needed! https://www.propertyinvesting.com/topic/4382796-dodgey-electrician-what-to-do/#post-4533200 Mon, 04 Sep 2006 00:11:57 +0000 Have to add my 2c here as we are in the electrical trade too. My husband prides himself in his electrical work and always cleans up his mess and always respects other peoples homes whether they are old or new. We have renovated and built homes ourselves and have seen first hand how some trademen (not all) basically dont give a toss about other…[Read more]

]]> 664525684824fccd9db00df5af1f06ec RichLee replied to the topic Buy existing or build? in the forum Help Needed! https://www.propertyinvesting.com/topic/4380839-buy-existing-or-build/#post-4520497 Tue, 21 Jun 2005 03:01:32 +0000 Hi vl
I guess it depends on the area you are planning to build/buy in. We were in a similar predicament also and decided to build. Mainly because in the area we are in the houses for sale are way overvalued for what you get, when we can build the same or better for much less. I guess you could look in to the costs for building in your area and…[Read more]

]]> a408d7a7bc791cfc6a37144316c26148 RichLee replied to the topic Renting but owner selling, should I buy & rent out in the forum Help Needed! https://www.propertyinvesting.com/topic/4380844-renting-but-owner-selling-should-i-buy-rent-out/#post-4520543 Tue, 21 Jun 2005 01:53:32 +0000 I am new to IP’s too… but wouldnt consider this as an IP, especially if it CF+ you are wanting. I guess it depends how much you like the place, if u really want to stay there, or if it will be easy to find another place. Maybe look for something else to buy that isnt quite as expensive. And they cant just kick you out on the street, so you…[Read more]

]]> 3ceecafc6ce9ddafa24858423a38fe7c RichLee replied to the topic bookeepiing question in the forum General Property https://www.propertyinvesting.com/topic/4380848-bookeepiing-question/#post-4520566 Tue, 21 Jun 2005 01:27:58 +0000 Hi Colobok
I run my own bookkeeping business and if there is one thing that every client has said to me is that it is way too expensive to get an accountant to do what a bookkeeper can do for a quarter of the cost. A bookkeeper can still have everything organised and ready for you when it comes time to visit your accountant and you will save…[Read more]

]]> 4de1790bc735913cddde406d00b1d5f6 RichLee replied to the topic Advantage of Renting in the forum Opinionated! https://www.propertyinvesting.com/topic/4380424-advantage-of-renting/#post-4517608 Tue, 21 Jun 2005 00:05:34 +0000 We rent at the moment as we recently renovated and sold our first PPOR. We then moved to a different area and decided it was easier to rent while we got settled and found land to build on etc… There is no way we will stay renting any longer then we have to as I dont see the point in paying a lot of money every week for a place which is never…[Read more]

]]> 69ae1479e64f5f87a3a49d7221210e45 RichLee replied to the topic Relocatable Homes in the forum Value Adding https://www.propertyinvesting.com/topic/4380819-relocatable-homes-5/#post-4520420 Sun, 19 Jun 2005 04:33:26 +0000 Hi Bill
I havent done anything like this before, but came across something you may or may not be interested in checking out seeing as you are in Victoria….

http://www.realestate.com.au/cgi-bin/rsearch?a=o&s=vic&c=4000054&tm=1119155260&id=101975055&f=0&p=10&t=res&ty=&snf=&ag=&cu=&fmt=&header=

Am sure you would’ve looked in to this already but…[Read more]

]]> 8fe3d17932f74b8616bdca27c8bbfbef RichLee replied to the topic Private Sale or Estate Agents in the forum Help Needed! https://www.propertyinvesting.com/topic/4380722-private-sale-or-estate-agents/#post-4519819 Sat, 18 Jun 2005 00:30:12 +0000 Hi Coops
We recently sold our PPOR through a real estate agent and after they kept their hefty little fee we vowed we would never sell through an agent again. At the time we were unsure we knew what to do and thought the agent would do so much to help us, all they did was keep us in the dark about everything. Apart from organising times for people…[Read more]

]]> 507a98366a3906775638b6298d37e7c5 RichLee replied to the topic With young children in the forum Help Needed! https://www.propertyinvesting.com/topic/4380810-with-young-children/#post-4520361 Sat, 18 Jun 2005 00:20:41 +0000 Hi Endless Summer
I am a stay at home mum with a 4 yr old son and another one on the way. I am only just starting out with IP’s but find I plan my time around my son while he is at kindergarten, or do things on weekends while my husband is here to do things with him. I guess if you are running it as a serious business and a source of income treat…[Read more]

]]> 2262e87911bd4e9f7ba89097ea082656 RichLee replied to the topic Searching for the Pos+ Geared Locations in the forum Help Needed! https://www.propertyinvesting.com/topic/4380772-searching-for-the-pos-geared-locations/#post-4520134 Wed, 15 Jun 2005 08:27:46 +0000 Cheers, thank you for your response, this is my first day in the forum so I appreciate your response. I will be investing in the book so will have a good read. I didnt expect anyone to give away any secrets as such, just thought some experienced investors may have had some good suggestions etc…

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