PropertyInvesting.com | Rory Breaker | Activity https://www.propertyinvesting.com/members/rory-breaker/activity/ Activity feed for Rory Breaker. Tue, 14 Apr 2026 22:59:17 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 e3fc8000b2adafb90fa0bb6895ac05a5 Rory Breaker replied to the topic Servicability and Savings when Borrowing in the forum Finance https://www.propertyinvesting.com/topic/4409450-servicability-and-savings-when-borrowing/#post-4691476 Sat, 01 Jun 2013 02:27:05 +0000 Thanks for your comment Richard…Will do.

Thank you to all above.

]]> c87130b6aa2627349f25e4dc50d321e1 Rory Breaker replied to the topic Servicability and Savings when Borrowing in the forum Finance https://www.propertyinvesting.com/topic/4409450-servicability-and-savings-when-borrowing/#post-4691474 Fri, 31 May 2013 13:16:55 +0000 I have previously bought two investment properties.

]]> b4fc2a533d79038f5b527d594f96811d Rory Breaker replied to the topic Servicability and Savings when Borrowing in the forum Finance https://www.propertyinvesting.com/topic/4409450-servicability-and-savings-when-borrowing/#post-4691472 Fri, 31 May 2013 09:40:46 +0000 I'm in WA and it is not my first purchase.  What if I show the bank I have savings but would rather not use them and ask the seller for a second mortgage carry back.   Could I do this?  Would the bank be ok with something like this?

]]> 01958fd29641101fac21b9cf2d1b0cdc Rory Breaker replied to the topic Servicability and Savings when Borrowing in the forum Finance https://www.propertyinvesting.com/topic/4409450-servicability-and-savings-when-borrowing/#post-4691470 Fri, 31 May 2013 03:38:28 +0000 What happens then in a situation where I have good LVR, employment history, clean credit, servicability and little debt but have savings less than $20K and want to buy a home with a deposit of $80K.  Technically the bank could say I can service the loan but do not have funds to pay the deposit.

Can I get a loan from the bank and apply a second…[Read more]

]]> 4109274d57a91b84a427cb12d3c513b2 Rory Breaker replied to the topic Accountant Fees - SMSF, Unit & Discretionary Trusts, Company in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4407469-accountant-fees-smsf-unit-discretionary-trusts-company/#post-4676442 Mon, 08 Oct 2012 02:11:49 +0000 My accountant wants to charge $770 for set up of a discretionary trust.  Is this a good price?

What ongoing costs can I expect come tax time?

]]> be12bb9eb4902090a7d911954ea90e02 Rory Breaker replied to the topic Option Contract and High Rents in the forum Creative Investing https://www.propertyinvesting.com/topic/4407744-option-contract-and-high-rents/#post-4678402 Mon, 08 Oct 2012 00:53:38 +0000 Good points.  State Government is worth while pursuing if the need arises however Collin Barnett is all about mining and mining royalties and anti GST.  If it makes his state wealthier and he looks good then it is approved IMO.

I will sit this one out for now and see what happens to the local real estate market.

]]> e7af26d5d1996c87838d067e97f72b33 Rory Breaker replied to the topic Option Contract and High Rents in the forum Creative Investing https://www.propertyinvesting.com/topic/4407744-option-contract-and-high-rents/#post-4678400 Mon, 01 Oct 2012 12:53:33 +0000 Good question…

There are a number of issues the town faces in order for it to grow past 10K population and none more than that of a good source of water so the town can only grow so big without sourcing water from other means than naturally.

Recommendations to Council were:
Support a family’s based approach to FIFO workers as opposed to single…[Read more]

]]> a57c813a8881273df96a25ecdb1b581a Rory Breaker replied to the topic Evaluating Deals with Equity Gain in the forum General Property https://www.propertyinvesting.com/topic/4405795-evaluating-deals-with-equity-gain/#post-4663206 Fri, 10 Feb 2012 12:43:57 +0000 That's the problem with generalising!

]]> 30fb6a363d1fcfdc0a9c916e303ca2e6 Rory Breaker replied to the topic Evaluating Deals with Equity Gain in the forum General Property https://www.propertyinvesting.com/topic/4405795-evaluating-deals-with-equity-gain/#post-4663204 Fri, 10 Feb 2012 11:49:27 +0000 Ah…don't we all from time to time! "the product of the vine" that is.

]]> 41929b8b60660339bc39cb073b1c5caa Rory Breaker replied to the topic Evaluating Deals with Equity Gain in the forum General Property https://www.propertyinvesting.com/topic/4405795-evaluating-deals-with-equity-gain/#post-4663201 Tue, 07 Feb 2012 13:39:54 +0000 Good call TerrywIt goes back to the type of investor to a degree – capital gains or cash flow.  If cash flow then capital gains may follow later on but is not originally considered in assessing the deal.

]]> 588279ac52f4e8717235b468a2982f0c Rory Breaker replied to the topic Investing through a SMSF in the forum Ok, my mistake.  The https://www.propertyinvesting.com/topic/4405549-investing-through-a-smsf/#post-4661539 Tue, 10 Jan 2012 22:39:43 +0000 Ok, my mistake.  The oroiginal post has left out some detial, perhaps too much!  Thank you for questioning the example Anthony and clarifying some points Richard.Richard in your answer to Q1 did the SMSF have all the funds available to purchase the property and did not borrow?  I was also under the impression you could only have 1 investment pr…[Read more]

]]> fbd75db6fb56f0a360fb36188a9359c3 Rory Breaker replied to the topic Investing through a SMSF in the forum Creative Investing https://www.propertyinvesting.com/topic/4405549-investing-through-a-smsf/#post-4661535 Mon, 09 Jan 2012 14:28:41 +0000 Forgive me if I have this wrong.  Assuming the SMSF has been set up to comply with Australian Super Rules, then the fund is entitled to make some sort of investment – in this case buy property.  The fund may also be entitled to borrow funds for investing purposes against its holdings ($100K) and so buys a property worth $400K.  Note the bank ma…[Read more]

]]> 8bb0c2cffe8475a767c5f75de3f835d3 Rory Breaker replied to the topic Building a Team in Perth in the forum Sertainly technology has https://www.propertyinvesting.com/topic/4405420-building-a-team-in-perth/#post-4660468 Mon, 19 Dec 2011 10:46:29 +0000 Sertainly technology has changed the game.  Reputable people can be found all over the world to do business with.  I undertook a vendor finance agreement with a company from Melbourne on a property in Tasmania and I live remote NW WA.An exercise I recently went through was to build a team – as you would have it – in New Zealand knowing little a…[Read more]

]]> 2ecd1a5a0f5d1f083b90cb39839c00e4 Rory Breaker replied to the topic Is it starting to Hit the Fan!!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4405399-is-it-starting-to-hit-the-fan/#post-4660326 Mon, 19 Dec 2011 10:18:16 +0000 I would tend to agree with "taking a breath" comment.  Although there is nothing wrong with wanting to achieve and climbing the next mountain.  Sometimes you need to let the weather clear before you can reach the sumit.I recently sold 7.5 arcres of land on the NE coast of Tassie (poor location) after trying to find a buyer sinse 2007.  The land so…[Read more]

]]> 3a691b75ef08ef8da0c38fdd39d76d9a Rory Breaker replied to the topic Australians Investing in New Zealand in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403914-australians-investing-in-new-zealand/#post-4649629 Mon, 13 Jun 2011 12:12:33 +0000 Had a look at the info Peter thanks.Belwo is a response from a chartered accountant in NZ…"They key to the structure question (and a Trust in NZ will work well if cash flow and tax positive) is to get advice from an Australian advisor on the impact of your capital gains regime (CGT) on any property holdings you have in New Zealand.New Zealand…[Read more]

]]> 691aad03d8b06f8a6211e05fff273fd4 Rory Breaker replied to the topic Australians Investing in New Zealand in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403914-australians-investing-in-new-zealand/#post-4649627 Sat, 11 Jun 2011 23:53:09 +0000 Nice returns on the project Saphire101, especially since you were not tied up in the ronevation.  Cashflow is healthy in NZ at the moment favoured by low interest rates – 1-1.5% less than Aust. banks on average.  It's always nice to have a prospective buyer in mind before undertaking a project such as yours.

]]> e80117dec3f1098fd6e8289f97bcb31f Rory Breaker replied to the topic Australians Investing in New Zealand in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403914-australians-investing-in-new-zealand/#post-4649625 Sat, 11 Jun 2011 08:15:02 +0000 LOL!  I like it.That appears to be the common thread when talking to NZ investers when compared to Australian property.  The NZ government has twice recently looked at introducting a number of investment taxes and CGT was one of those.  Fortunately it has not been introduced however I believe it is only a matter of time.

]]> 19812f004c8dfc0e828b061ec710f8df Rory Breaker replied to the topic offically mine in the forum Overseas Deals https://www.propertyinvesting.com/topic/4403147-offically-mine/page/2/#post-4644157 Sun, 15 May 2011 04:25:28 +0000 Congratulations RickH on the purchase.I am interested in what "buy" strategy you guys have in place when buying US properties similar to those above such as buy under market value reborrow and go again, use cashflow to build equity and repurchase or something else?CheersRory.

]]> 35091c02fa14244b97d925e262f8e64d Rory Breaker replied to the topic Help Needed - First time IP Buyer !!!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4402470-help-needed-first-time-ip-buyer/#post-4639766 Sat, 15 Jan 2011 10:03:42 +0000 Jamie's way provides greater flexibility in your situation for further options down the track.

]]> 48344166baaa2a6a936a6ec170ae2e79 Rory Breaker replied to the topic Help Needed - First time IP Buyer !!!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4402470-help-needed-first-time-ip-buyer/#post-4639764 Sat, 15 Jan 2011 08:31:26 +0000 Hi Losty,An option is to pay down the PPOR as soon as possible then redraw with a LOC to be used as a deposit for an IP.  It will take time however.    Another option is to seek out a vendor who is willing to offer a Second mortgage carry back on certain terms as defined by you and the vendor.  You will only pay for legal fees and closing cos…[Read more]

]]> 25769d8f44af6e54faaa94397ace2790 Rory Breaker replied to the topic Which City/Suburb you live? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4369744-which-citysuburb-you-live/page/15/#post-4442504 Tue, 27 Jul 2010 13:36:59 +0000 A very diverse network of people :-)Exmouth, WA  a holiday destination.

]]>