PropertyInvesting.com | Rick sta | Activity https://www.propertyinvesting.com/members/rick-sta/activity/ Activity feed for Rick sta. Sat, 11 Apr 2026 17:42:22 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 44ea13dad39612af64b46797860d7c01 Rick sta replied to the topic Townsville NOW and in next 1-3years? in the forum Help Needed! https://www.propertyinvesting.com/topic/5049133-townsville-now-and-in-next-1-3years/#post-5061779 Sat, 22 Feb 2020 11:40:59 +0000 Hi Adrian,

How are things up there now, 1 year on from the floods?

Are vacancy rates still tight?

I notice prices haven’t moved, how is the market sentiment?

Cheers

]]> 1f1c827da56331da731f7b3299f1af20 Rick sta replied to the topic Asset protection through maintaining high LVRs? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4410452-asset-protection-through-maintaining-high-lvrs/#post-4697597 Wed, 25 Dec 2013 13:44:35 +0000 Thanks Terry.

Now this is not something that I do, and I don't condone concealing assets from anyone, but…

I think a great strategy is to hedge highly leveraged real estate investments with physical precious metals, like a moat of liquidity around your empire, completely outside of the financial system.

]]> 2c8fadd581303f8cccb60d25b981b73a Rick sta replied to the topic Merry Christmas!! in the forum Forum Frolic https://www.propertyinvesting.com/topic/4410453-merry-christmas-4/#post-4697600 Wed, 25 Dec 2013 02:42:13 +0000 Merry Xmas guys and gals

]]> cda786c9de32e5304fd79c88cacd420b Rick sta replied to the topic What is your Interest Rate by Hari Yellina in the forum Finance https://www.propertyinvesting.com/topic/4410436-what-is-your-interest-rate-by-hari-yellina/#post-4697485 Thu, 19 Dec 2013 23:48:16 +0000 Would you also like me to tell you my full name, residential address and where my valuables are stored?

]]> 995da43131b2ab1fd3e6219f9222fffd Rick sta replied to the topic Bitcoins and Litecoins - Real estate in the forum Help Needed! https://www.propertyinvesting.com/topic/4410354-bitcoins-and-litecoins-real-estate-2/page/2/#post-4696894 Tue, 10 Dec 2013 22:57:36 +0000 Freckle wrote:

Rick sta wrote:
The bitcoin derivatives market has arrived…

http://www.zerohedge.com/news/2013-12-08/bitcoin-derivatives-market-has-arrived

See post #26.. you're a couple days behind Rick ;-)

haha apologies.

Story of my life!

]]> 78b9e95921c66bd37c1f3aba7226101f Rick sta replied to the topic Bitcoins and Litecoins - Real estate in the forum Help Needed! https://www.propertyinvesting.com/topic/4410354-bitcoins-and-litecoins-real-estate-2/page/2/#post-4696890 Tue, 10 Dec 2013 20:33:17 +0000 The bitcoin derivatives market has arrived…

http://www.zerohedge.com/news/2013-12-08/bitcoin-derivatives-market-has-arrived

]]> bacde63317c99a5ff7e630902ecb2d23 Rick sta replied to the topic The True Power of an Offset Account in the forum Finance https://www.propertyinvesting.com/topic/4410311-the-true-power-of-an-offset-account/#post-4696609 Mon, 09 Dec 2013 12:01:55 +0000 And if you look closely you will discover that these inflation figures of 2.5-4% are BS.

]]> d2613285d77d00cedd832965b92b85cd Rick sta replied to the topic Spooky or What in the forum Opinionated! https://www.propertyinvesting.com/topic/4410381-spooky-or-what/#post-4697086 Mon, 09 Dec 2013 11:49:00 +0000 Do you really believe the Fed will taper its QE?

I am under the belief that once Yellen takes the helm, the bond buying will be increased not tapered off.

]]> 6993c85b32c3a3a26b5a11206c832bfc Rick sta replied to the topic ARE YOU GETTING THE PICTURE YET? in the forum Opinionated! https://www.propertyinvesting.com/topic/4410271-are-you-getting-the-picture-yet/#post-4696322 Fri, 15 Nov 2013 18:57:45 +0000 Any thoughts or charts on Purchasing Power Parity? Totally new to me.

]]> 7ef6cb107a707a2a7e6a3d907a0fce6f Rick sta replied to the topic ARE YOU GETTING THE PICTURE YET? in the forum Opinionated! https://www.propertyinvesting.com/topic/4410271-are-you-getting-the-picture-yet/#post-4696321 Fri, 15 Nov 2013 18:53:34 +0000 Freckle if you're not already a part of silverstackers, you should be.

]]> 32bfe17f6d2a7e2b99e77265c4cb9811 Rick sta replied to the topic Investing in Townsville in the forum Help Needed! https://www.propertyinvesting.com/topic/4410265-investing-in-townsville/#post-4696294 Thu, 14 Nov 2013 15:44:40 +0000 I'm not sure exactly what you're asking.
You say you live in West End, it's a nice area and has a history of solid growth, so just relax.

As for investing, I think the above advice is very sound.

]]> eb9920da33f42ae48311965334414872 Rick sta replied to the topic starting out with smsf in the forum Help Needed! https://www.propertyinvesting.com/topic/4409926-starting-out-with-smsf/#post-4694290 Sat, 09 Nov 2013 05:49:13 +0000 I'm a fan of the cashflow pathway too Richard, I think holding leveraged real estate that produces consistent income inside the smsf is a powerful strategy, especially for young pups like myself, I could still extinguish a 30 year mortgage before reaching retirement age. I do however plan to retire long before they grant me access to my super, so…[Read more]

]]> ca2b9d9eb7a4698b4b9e17025dd61cd3 Rick sta replied to the topic THE COMING ECONOMIC CRISIS GET READY! in the forum Opinionated! https://www.propertyinvesting.com/topic/the-coming-economic-crisis-get-ready/#post-4694932 Wed, 09 Oct 2013 04:47:32 +0000 Thanks Freckle, great post.

As a young investor, my property portfolio is VERY highly leveraged. My risk management strategy is six feet under. In a best case scenario of hyperinflation, the banksters will erode the property debt and I won't be holding devalued fiat currency.

]]> d5e29d80b64c2d88da4542c299427f77 Rick sta replied to the topic THE COMING ECONOMIC CRISIS GET READY! in the forum Opinionated! https://www.propertyinvesting.com/topic/the-coming-economic-crisis-get-ready/#post-4694926 Tue, 08 Oct 2013 03:05:23 +0000 This is something I am fully aware of and have been quietly preparing for of late.
Once or twice I raised my concerns on this forum and the property investing community wouldn’t have a bar of it (I was actually awaiting your thoughts Freckle, I know you know).

To see this thread active here tells me that we may be closer to this historic event…[Read more]

]]> d49123dcb4cb6e1b4aa3ce7c892cc9d0 Rick sta replied to the topic first time in the forum Help Needed! https://www.propertyinvesting.com/topic/4410070-first-time-2/#post-4695083 Tue, 01 Oct 2013 15:35:17 +0000 Rod1 wrote:
To be honest i don't expect it to increase in value a great deal it is for sale at 120.000 and i think i will be lucky to make 40k profit by the time i would sell< maybe 20 years>

After 20 years I think it would be worth a lot more in dollar terms due to inflation. I understand what you mean, but you must also understand that even…[Read more]

]]> 3cb2fd720cb76d8939cb3579d608ba4b Rick sta replied to the topic $200,000 to get started, any ideas?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409993-200000-to-get-started-any-ideas/#post-4694636 Tue, 10 Sep 2013 12:07:31 +0000 Me?

50% highly leveraged bread and butter real estate, 50%  precious metals heavily weighted in silver.

]]> 645a6a4d85628272cc16ccb32db25b2d Rick sta replied to the topic other people 's money in the forum Forum Frolic https://www.propertyinvesting.com/topic/4409973-other-people-s-money/#post-4694529 Sun, 08 Sep 2013 12:08:09 +0000 "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

-Henry Ford

]]> 5ac3bd7de456d9cdd930455dff01adc3 Rick sta replied to the topic other people 's money in the forum Forum Frolic https://www.propertyinvesting.com/topic/4409973-other-people-s-money/#post-4694528 Sun, 08 Sep 2013 12:02:23 +0000 I'm sensing a disgruntled tenant…

And yes, 10 years down the track you would need to sell it for a lot more just to have the same amount of purchasing power that you had when you bought it, due to inflation of the currency supply (theft).

I have come to realise that VERY few people in the world truly understand how the global monetary system…[Read more]

]]> 3a2e789d9f348c76357dd537b7f8d898 Rick sta replied to the topic Work this out? in the forum General Property https://www.propertyinvesting.com/topic/4409959-work-this-out/#post-4694433 Thu, 05 Sep 2013 07:10:24 +0000 I was also disgusted when I was at the newsagent last and saw the YIP mag with the front cover titled "Brace for the Boom", when I am in fact 99% certain that we are sailing into a global economic storm of unprecedented proportions.
It is a matter of when, not if, this debt-based house of cards that we call the global monetary system comes…[Read more]

]]> d71b47ad6612392098a8d7b33e287a46 Rick sta replied to the topic Work this out? in the forum General Property https://www.propertyinvesting.com/topic/4409959-work-this-out/#post-4694431 Thu, 05 Sep 2013 06:42:59 +0000 I also stopped buying these magazines.
All the figures in the feel good stories are manipulated.
After a while, instead of feeling motivated, I felt deceived. Haha

]]> e69961b0b3fac93d2f40f1598ea768de Rick sta replied to the topic Hypothetical situation about refinacing. in the forum Help Needed! https://www.propertyinvesting.com/topic/4409948-hypothetical-situation-about-refinacing/#post-4694390 Tue, 03 Sep 2013 07:06:57 +0000 They would bring the LVR up to 80%, so to 380K. So if you already owed 225K, you could access another 155K.

It is possible to bring the LVR up higher dependent on property and location and serviceability etc.

]]> eb80756e6060e0d5909c0468099b14c6 Rick sta replied to the topic Throwing away LMI and Stamp Duty. How much is too much? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409944-throwing-away-lmi-and-stamp-duty-how-much-is-too-much/#post-4694364 Mon, 02 Sep 2013 10:17:48 +0000 My first thought was- can you pull the old “the valuation (on the IP) came in low, so now I can only afford to pay $x” thus reducing the LVR and LMI payable, but you don’t really have time on your side for this…

]]> f205674888ab5740083d2c9f5d5bb606 Rick sta replied to the topic LMI on PPOR to buy IP - Tax Deductible? in the forum You're doing fine, you seem https://www.propertyinvesting.com/topic/4409945-lmi-on-ppor-to-buy-ip-tax-deductible/#post-4694370 Mon, 02 Sep 2013 10:00:03 +0000 You’re doing fine, you seem to have a good understanding of the finance structure :)

]]> 652787374cf0461eb09f6b574d6480f3 Rick sta replied to the topic LMI on PPOR to buy IP - Tax Deductible? in the forum General Property https://www.propertyinvesting.com/topic/4409945-lmi-on-ppor-to-buy-ip-tax-deductible/#post-4694368 Mon, 02 Sep 2013 09:45:29 +0000 Sorry your acronyms are confusing me, I think you’re referring to your Principal Place of Residence (PPOR)?

I’m no tax expert, but I believe that since the expense will be incurred for the purpose of obtaining an income producing rental property, then yes, you would be able to claim it as a deduction over 5 years.

]]> bb3e7b751cda309292eb0bb5da989d97 Rick sta replied to the topic starting out with smsf in the forum Help Needed! https://www.propertyinvesting.com/topic/4409926-starting-out-with-smsf/#post-4694279 Thu, 29 Aug 2013 00:03:46 +0000 I've also found that the costs of establishing the structure (custodian trust) and obtaining the finance can be quite a high percentage of the purchase price for a cheaper property, ie. sub 200k.

]]> 5fb48e0110c208f696dbb7eb426b364e Rick sta replied to the topic Staying in my own Investment property: What are the pros and cons? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409917-staying-in-my-own-investment-property-what-are-the-pros-and-cons/#post-4694245 Sun, 25 Aug 2013 10:09:39 +0000 If you live in the property that you buy, none of it’s expenses will be tax deductible.

]]> 83d50c97d3f04dbad4886e2c983f10d0 Rick sta replied to the topic Still seeking a physical mentor in the forum Help Needed! https://www.propertyinvesting.com/topic/4409905-still-seeking-a-physical-mentor/#post-4694193 Sun, 25 Aug 2013 01:04:16 +0000 Totally understand the networking and creating mutually beneficial relationships with others in the industry thing.

Yep, bought in Townsville and have a pretty good knowledge of the local market. Don't see a great deal of potential for short term growth at the moment as there is a lot of new stock  coming onto the market and developers seem to be…[Read more]

]]> 97333114d6b2ef176edc4d06e2221c6e Rick sta replied to the topic Still seeking a physical mentor in the forum Help Needed! https://www.propertyinvesting.com/topic/4409905-still-seeking-a-physical-mentor/#post-4694190 Sat, 24 Aug 2013 11:18:54 +0000 Haha fair call, I will take that one on the chin.

I have no plans to "do something about it" however, that's just who I am. I believe that knowing who you are and how you react in different situations is crucial to implementing a strategy that is suited to….you.

]]> 53ff61929dff22190f089b9fc0cba51b Rick sta replied to the topic Do beginning investors keep and pay off a PPOR or get it at the end? in the forum General Property https://www.propertyinvesting.com/topic/4409911-do-beginning-investors-keep-and-pay-off-a-ppor-or-get-it-at-the-end/#post-4694228 Sat, 24 Aug 2013 04:08:12 +0000 Regarding LVR's, it depends on your risk tolerance and strategy.
My strategy involves high LVR's and not paying down principal on loans, letting inflation do all the work for me. 
The rate at which the world's fiat currencies are being expanded is mind boggling…

]]> a7e89142147dd6a6502c2d45f76907af Rick sta replied to the topic Still seeking a physical mentor in the forum Help Needed! https://www.propertyinvesting.com/topic/4409905-still-seeking-a-physical-mentor/#post-4694188 Fri, 23 Aug 2013 21:46:05 +0000 Catalyst wrote:
A young meetup sounds great but in reality it may be the blind leading the blind.

Totally agree. 

]]> e80d191d869dbd44afad841391e45529 Rick sta replied to the topic Still seeking a physical mentor in the forum Help Needed! https://www.propertyinvesting.com/topic/4409905-still-seeking-a-physical-mentor/#post-4694187 Fri, 23 Aug 2013 21:43:23 +0000 I am also 26 and would consider myself to be knowledgable in not only property investment, but finance and economics in general.  I enjoy learning about this stuff, but to be honest, I would never show up to one of these events. I'm slightly paranoid, upon meeting someone my first thought is- what do they want from me, also what do I want from…[Read more]

]]> 9e07027f9b44eab6833a02853f45dd76 Rick sta replied to the topic Cairns Council Rates - are they mad? in the forum General Property https://www.propertyinvesting.com/topic/4408594-cairns-council-rates-are-they-mad/page/2/#post-4685375 Mon, 15 Jul 2013 12:12:08 +0000 Freckle wrote:
Population density is the determining factor. Cairns is small so cost effectiveness is nothing like bigger towns and cities.

EG: Pop density

Cairns 250.9/km² 

Newcastle 1103/km²

Melbourne 1567/km² 

Well spotted Freckle! 

]]> 770006527329c6859c93418c8babfb71 Rick sta replied to the topic Potential investment - advice wanted? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409702-potential-investment-advice-wanted/#post-4693254 Sun, 14 Jul 2013 10:28:22 +0000 Good cash flow.
Just remember even at 95% LVR with capitalised LMI (97% ish), you would require your 5% deposit plus 3-5% for stamp duty and legals. So I think your funds required is a little on the low side. 

]]> f3ac48f8d96f02c8b559ace461e4e00a Rick sta replied to the topic Avoiding CGT in the forum Creative Investing https://www.propertyinvesting.com/topic/4409628-avoiding-cgt-2/#post-4692851 Sat, 29 Jun 2013 07:52:05 +0000 If you've held the property more than 12 months you should be entitled to a 50% discount. 
No exemption for investment property unfortunately. 

]]> f46bdef85546130525f292ab97dc8c1c Rick sta replied to the topic SHACK queries - equity, borrowing capability, investment opinion? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409590-shack-queries-equity-borrowing-capability-investment-opinion/#post-4692567 Tue, 25 Jun 2013 03:52:46 +0000 Keep us updated

]]> 690cce8dfc54857d01f40a0f0f588325 Rick sta replied to the topic SHACK queries - equity, borrowing capability, investment opinion? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409590-shack-queries-equity-borrowing-capability-investment-opinion/#post-4692563 Sun, 23 Jun 2013 11:56:04 +0000 I have also been keenly looking at rural lifestyle blocks with 'shacks', however this is something I intend to keep at arms length from my investment affairs, 80% LVR etc. 
The idea is growing on me, somewhere to escape to, take the dirt bikes, fill the dam with red claw. 
Just haven't come to terms yet with taking on another liability, my…[Read more]

]]> 755b217c718448f74ac1e9d15e387a9b Rick sta replied to the topic First post - What would you do? in the forum Finance https://www.propertyinvesting.com/topic/4409363-first-post-what-would-you-do/#post-4690811 Thu, 16 May 2013 11:08:37 +0000 Freckle- What the heck is going on with the silver spot price? Can you see Ishares dumping big time and sub $20 prices? I'm waiting to pounce but these guys are making me nervous!

]]> 9c4ec2ead75c59160c384409402ab6f0 Rick sta replied to the topic Townsville rental fee's in the forum 8.5% plus p&p ($6.60/month)  https://www.propertyinvesting.com/topic/4409223-townsville-rental-fees/#post-4690060 Thu, 25 Apr 2013 13:04:46 +0000 8.5% plus p&p ($6.60/month) 

]]> b0c0b0687645db2872138730895ccf6e Rick sta replied to the topic Asbestos - Buy or run? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408835-asbestos-buy-or-run/#post-4687341 Sun, 24 Feb 2013 12:06:53 +0000 I don't believe it's a major concern.

There are thousands of properties out there that contain asbestos.  
One of my properties has an asbestos roof and I've never had a drama, however insurers generally charge slightly higher premiums due to the high costs of asbestos removal/clean up.

]]> 17378b8dd72ed0ffa47291ac218be9c4 Rick sta replied to the topic Renting versus buying in australia in the forum General Property https://www.propertyinvesting.com/topic/4408832-renting-versus-buying-in-australia/#post-4687294 Sun, 24 Feb 2013 11:33:19 +0000 The median values used to calculate these things are never an accurate measure of prices for the particular area.  I see it all the time.

I know for certain that for the median prices listed in this report, for the area I am familiar with, the 'median' property purchaser would struggle to buy a property at all, let alone one in a 'median'…[Read more]

]]> 0bede029b6f61208108b9beda34ea802 Rick sta replied to the topic SMSF is it worthwile? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408794-smsf-is-it-worthwile/#post-4686966 Tue, 19 Feb 2013 12:57:52 +0000 Remember it's not only about beating the return from your existing fund.  It's also about having full control of the fund and using that to your advantage.  And don't forget the benefits of tax deferral on contributions.

]]> e187cd16d02cee7e42ab165c1bbffe3a Rick sta replied to the topic Investment property loan, unemployed, large deposit in the forum Finance https://www.propertyinvesting.com/topic/4408775-investment-property-loan-unemployed-large-deposit/#post-4686855 Sun, 17 Feb 2013 07:16:03 +0000 Have you taken into account purchase costs such as stamp duty, legals etc.?

Have you taken into account body corp/strata fees, rates etc.?

]]> ea73e0d9b76ff6a80d4580ccea8832d3 Rick sta replied to the topic How to get out of a Pro Investor Course in the forum Help Needed! https://www.propertyinvesting.com/topic/4408769-how-to-get-out-of-a-pro-investor-course/#post-4686834 Sat, 16 Feb 2013 06:56:32 +0000 I wonder what sort of training you would have received had you gone ahead with it.

]]> 4263e9e9c2f791e63c94c7c5afd60044 Rick sta replied to the topic * When did you last move house ? * in the forum Forum Frolic https://www.propertyinvesting.com/topic/4407925-when-did-you-last-move-house/page/2/#post-4679596 Fri, 15 Feb 2013 10:47:10 +0000 My last move was into a storage shed, I now have no fixed address…haha.
I spend 6 months a year living on a tug boat in Gladstone Harbour which I enjoy and pays handsomely, the other 6 months roaming and visiting friends and family.
Am renting out my PPOR and intend to keep it CGT exempt.

]]> 2bdce0f685957025d219c0cdfd0315a5 Rick sta replied to the topic highfields, QLD vs Burdell QLD in the forum Help Needed! https://www.propertyinvesting.com/topic/4407954-highfields-qld-vs-burdell-qld/#post-4679822 Fri, 15 Feb 2013 09:22:22 +0000 From the areas you've mentioned I'm guessing you intend to buy a H & L package? If so, why?

Mount Low and Burdell are one in the same in my books, Oonoonba is close to the city and neighbours Idalia which now has million dollar mansions springing up.  

May I ask why these areas interest you?

]]> 191e9631fdf06f9a9f73394522cb5c2b Rick sta replied to the topic Loan based on Market Value or Purchase Price? in the forum Exactly, if you secure the https://www.propertyinvesting.com/topic/4408692-loan-based-on-market-value-or-purchase-price/#post-4686239 Sat, 09 Feb 2013 12:49:12 +0000 Exactly, if you secure the property for 95k then that is seen to be the market value, because that's what the market is willing to pay.

]]> 8fc8c6661efb93790f5035f8898f5706 Rick sta replied to the topic strategies to expand... need help going from 1 to 2! in the forum Help Needed! https://www.propertyinvesting.com/topic/4408683-strategies-to-expand-need-help-going-from-1-to-2/#post-4686161 Fri, 08 Feb 2013 13:28:34 +0000 Generally speaking, and if serviceability was strong, how many properties could you finance at 95% lvr before lenders would want bigger deposits and lower lvr's? 

]]> ca1f670230902c0c1d7f59325c24e967 Rick sta replied to the topic Help with agent! in the forum Help Needed! https://www.propertyinvesting.com/topic/4408659-help-with-agent/#post-4685977 Tue, 05 Feb 2013 08:02:19 +0000 This probably works well on buyers who have an emotional attachment to the property. Remember you're an investor, work out what you can pay for the numbers to work and if they want more walk away. I always make this clear to agents early on in the piece.

]]> 65dd472fb62804c4487390f2acce845e Rick sta replied to the topic Info: who owns the property ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408637-info-who-owns-the-property/#post-4685725 Sun, 03 Feb 2013 03:17:26 +0000 Is that a US based site Nigel? Doesn't seem to work for me.

]]> 5b328bf32f7f6e1b30a6ae744d1fc3c7 Rick sta replied to the topic Info: who owns the property ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408637-info-who-owns-the-property/#post-4685720 Sun, 03 Feb 2013 01:25:49 +0000 You can subscribe to RPdata (at a cost) to find out this information.

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