PropertyInvesting.com | Romeop | Activity https://www.propertyinvesting.com/members/romeop/activity/ Activity feed for Romeop. Mon, 13 Apr 2026 10:44:43 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 4c9525f6c99a5a0571b70d16671ea9f9 Romeop replied to the topic Buying the second IP in the forum Finance https://www.propertyinvesting.com/topic/4401925-buying-the-second-ip/#post-4636422 Sat, 20 Nov 2010 02:24:02 +0000 Hey guys,

I checked a few times with Westpac and from what they have said it is a 100% offset account. So when I open my internet banking it is as follows:

– Westpac Choice (I have been assured this is a 100% offset account and after doing the calculations it does seem that the funds in this account do offset the interest, otherwise my interest…[Read more]

]]> 8c11ac455061a0fd05105e7d39a2ad02 Romeop replied to the topic Buying the second IP in the forum Finance https://www.propertyinvesting.com/topic/4401925-buying-the-second-ip/#post-4636419 Fri, 19 Nov 2010 15:10:26 +0000 Hi Richard,

I do have a redraw facility with my Flex First loan, although it also has a 100% offset account as well (where all my money is currently). My plan was to study full time for 1 year and hopefully graduate at the end of 2011. At that point I should have around 40-50k in my offset account ready to go. If I can I would like to buy another…[Read more]

]]> 7aabec35ee499ef191ffc19a4830683e Romeop replied to the topic Buying the second IP in the forum Finance https://www.propertyinvesting.com/topic/4401925-buying-the-second-ip/#post-4636417 Thu, 18 Nov 2010 13:39:10 +0000 Hi guys,

again thanks for the responses. I don’t really need the 40k in the offset for anything like holidays because I don’t really take them. It’s pretty strange/convenient because the apartment I bought is about 60 metres from where my parents house is. This means because I can stay in my apartment but have very few costs with my parents…[Read more]

]]> d2d9ab76bc4740ac8f886005c64f2ab4 Romeop replied to the topic Buying the second IP in the forum Finance https://www.propertyinvesting.com/topic/4401925-buying-the-second-ip/#post-4636414 Thu, 18 Nov 2010 09:48:10 +0000 Hi Richard,

thank you for your response. I think I phrased my first post a little incorrectly. I have an overall oustanding loan of about 180k and have close to 40k in my offset account. My loan is interest only as suggested by many posts on this forum. Also, my loan is with westpac where my repayments are about $900 a month (but I’m putting…[Read more]

]]> 593b68e2df6df3a112c3bae592023d07 Romeop replied to the topic Plumber in Sydney (Canterbury/Bankstown area if possible) in the forum Thanks for your reply https://www.propertyinvesting.com/topic/4401208-plumber-in-sydney-canterburybankstown-area-if-possible/#post-4631957 Wed, 15 Sep 2010 12:37:29 +0000 Thanks for your reply Scott.

I don’t think the leak is coming from the HWS itself, its just that my dad tried to connect it himself but wasn’t 100% sure on how to do it. I will try to contact Aw Edwards

]]> 266522ee2fad35927e9e19995a2a2a3e Romeop replied to the topic First IP and building inspection results in the forum General Property https://www.propertyinvesting.com/topic/4400105-first-ip-and-building-inspection-results/#post-4625356 Wed, 02 Jun 2010 02:17:12 +0000 Thanks for the feedback guys, I've decided that I'll just take on the repairs myself. And the idea of the exhaust fan is something I haven't thought of. I've got a lot of learning to do and looks like I'll be going to Bunnings warehouse.

]]> 14435b8c9a1328367aa12ecaad526567 Romeop replied to the topic Top floor with a flat roof = trouble? in the forum Help Needed! https://www.propertyinvesting.com/topic/4399394-top-floor-with-a-flat-roof-trouble/#post-4621202 Mon, 05 Apr 2010 06:52:56 +0000 Thanks for the quick response Richard. I will keep those things in mind. Basically it sounds like the only issue may be a little less value if I resell compared to units in the middle and bottom floors.

]]> c5545cf94fa129210211ce49ce140327 Romeop replied to the topic due diligence on property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4399042-due-diligence-on-property/#post-4618839 Wed, 10 Mar 2010 06:37:36 +0000 Hi Kim,I'm also looking at a similar type of apartment in the Blacktown area. I was going to start a new thread but the information here answered pretty much everything. All the best with your investment!Just out of curiousity, how much more expensive is it to have an apartment with a 1) pool 2) elevator?And how much more in costs can I expect to…[Read more]

]]> 8d20235ed757238a4bf034ee7315505d Romeop replied to the topic Seeing a few different brokers soon in the forum Finance https://www.propertyinvesting.com/topic/4398671-seeing-a-few-different-brokers-soon/#post-4616476 Tue, 09 Feb 2010 12:47:03 +0000 Good news!Thank you for the feedback again guys. Especially Richard taking the time out to reply to my numerous emails. The broker I saw today suggested that I try with CBA and Westpac. In the end things looked better on the Westpac deal. The rate seems good with ongoing costs being $5 a month to maintain the secondary account (the one where the…[Read more]

]]> c9fcf72fff363591982777192b0c31a5 Romeop replied to the topic Seeing a few different brokers soon in the forum What sort of information https://www.propertyinvesting.com/topic/4398671-seeing-a-few-different-brokers-soon/#post-4616472 Mon, 08 Feb 2010 11:47:09 +0000 What sort of information would be required? sorry if I'm asking too many questions at once. If its easier I can email you?If its helps I've been at the same place of employment (pharmacy assistant) in the same store for the past 3 years. And I have some decent savings records on hand too (basically all my pay goes into savings, I make money from…[Read more]

]]> 164d1736647c5684086f42ed5842d1a2 Romeop replied to the topic Seeing a few different brokers soon in the forum Thank you for the quick https://www.propertyinvesting.com/topic/4398671-seeing-a-few-different-brokers-soon/#post-4616470 Mon, 08 Feb 2010 11:15:47 +0000 Thank you for the quick response. This only full time work condition is killing me at the moment… are there any other options? I keep running into these hurdles but I'm staying optimistic.

]]>