PropertyInvesting.com | RMAA | Activity https://www.propertyinvesting.com/members/roslyn77/activity/ Activity feed for RMAA. Fri, 17 Apr 2026 17:19:42 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 914e3cd14de3e4f3e304729c4086219a RMAA started the topic On-Selling for cash... in the forum General Property https://www.propertyinvesting.com/topic/5041195-on-selling-for-cash/ Sun, 05 Nov 2017 04:17:10 +0000 We have some friends who signed a contract to purchase a block of land OTP.
Their circumstances have changed, titles keep being delayed, so they made the decision to sell.
They actually had it promoted to them by the land sales agent that they can help as they have plenty of people happy to do an ‘under the table’ deal of taking over the contract…[Read more]

]]> 846d19254c7fcfdc1497bcd090a9a78e RMAA started the topic On-Selling for cash... in the forum General Property https://www.propertyinvesting.com/topic/5041195-on-selling-for-cash/ Sun, 05 Nov 2017 04:17:10 +0000 We have some friends who signed a contract to purchase a block of land OTP.
Their circumstances have changed, titles keep being delayed, so they made the decision to sell.
They actually had it promoted to them by the land sales agent that they can help as they have plenty of people happy to do an ‘under the table’ deal of taking over the contract…[Read more]

]]> e8553c8d34b64ab66fe2f7f543a3b912 RMAA replied to the topic Customer Service is officially DEAD! in the forum Opinionated! https://www.propertyinvesting.com/topic/5034795-customer-service-is-officially-dead/#post-5038067 Thu, 13 Jul 2017 08:19:07 +0000 So my updated response if anyone cares.
After another couple of weeks with emails back and forth, sending the ‘proof’ that I tried to do this before the change I’ve been told that they will honour fixing one property (2 loans) at the old rate but not the other.
I’ve questioned this yet again because the only way the banker I’m dealing through got…[Read more]

]]> efbb94afe12c0e850cb009ba1a3722b4 RMAA replied to the topic Customer Service is officially DEAD! in the forum Opinionated! https://www.propertyinvesting.com/topic/5034795-customer-service-is-officially-dead/#post-5038067 Thu, 13 Jul 2017 08:19:07 +0000 So my updated response if anyone cares.
After another couple of weeks with emails back and forth, sending the ‘proof’ that I tried to do this before the change I’ve been that they will honour fixing one property (2 loans) at the old rate but not the other.
I’ve questioned this yet again because the only way the banker I’m dealing through got this…[Read more]

]]> 54a89d38231e4db88983234f8134cf3d RMAA replied to the topic Best financing structure in the forum Finance https://www.propertyinvesting.com/topic/5037628-best-financing-structure/#post-5037640 Wed, 21 Jun 2017 04:31:28 +0000 Hi Matt,
My 2 cents.
LMI paid may be claimable in your tax return if you refinance but honestly I can’t remember the specifics in regards to timeframes, you’d need to speak to your accountant.
But have either of the brokers run the scenario with you properly so you can make a decision?
What I mean is, did they work with you to run the numbers. You…[Read more]

]]> 357544c496a693187df2282ac88ca8f2 RMAA replied to the topic Customer Service is officially DEAD! in the forum Opinionated! https://www.propertyinvesting.com/topic/5034795-customer-service-is-officially-dead/#post-5036921 Mon, 22 May 2017 04:30:27 +0000 I wish it was me being difficult!

Update being, I am no further in my endeavours now than I was a month ago and the month before that.

]]> 7a84a3418782d56194c7fa7c4a68eb25 RMAA replied to the topic Customer Service is officially DEAD! in the forum Opinionated! https://www.propertyinvesting.com/topic/5034795-customer-service-is-officially-dead/#post-5036921 Mon, 22 May 2017 04:30:27 +0000 I wish it was me being difficult

Update being, I am no further in my endeavours now than I was a month ago and the month before that.

]]> 91c92cbb34401d7c2262cd50b6088d72 RMAA replied to the topic Customer Service is officially DEAD! in the forum Opinionated! https://www.propertyinvesting.com/topic/5034795-customer-service-is-officially-dead/#post-5035038 Wed, 10 May 2017 04:46:18 +0000 Benny, What I was trying to fix was-

Sec 1 – $600,000 was planning to fix at 4.19% 3 years now moved to 4.49%
another $77,000 as variable using same security but for purchase of sec 2
Val in January was $810k

Sec 2 – $815,000 was planning to split $100,000 variable and fixing balance at 3.98% 2 years now moved to 4.38%.
Val in April -…[Read more]

]]> 3e62471722d0b9318e06a852e16e8ef2 RMAA replied to the topic Customer Service is officially DEAD! in the forum Opinionated! https://www.propertyinvesting.com/topic/5034795-customer-service-is-officially-dead/#post-5034836 Sun, 30 Apr 2017 10:02:06 +0000 You’re all right.
Unfortunately we’re like many caught in the new APRA trap, we don’t have any other options to move to.
I’ve been trying to consolidate some things for myself (and family as per other posts) but we’ve been told we can’t do anything. If I could sell the kids I might have more hope.

I’ve been collecting education online and as a…[Read more]

]]> ff000ac67db3b1fd3d150158109c5413 RMAA replied to the topic Customer Service is officially DEAD! in the forum Opinionated! https://www.propertyinvesting.com/topic/5034795-customer-service-is-officially-dead/#post-5034812 Fri, 28 Apr 2017 11:00:08 +0000 Nathan yes it’s a big 4. How’d you guess?!
Jamie, it is totally unacceptable.
Every one I’m dealing with lately (not just the fixing saga) is so focused on sales/ targets it seems they forget there’s a customer attached so anything admin related or seeming remotely like work is involved is not important.

]]> ad65f55430b8098909553e4f1925b0a4 RMAA started the topic Customer Service is officially DEAD! in the forum Opinionated! https://www.propertyinvesting.com/topic/5034795-customer-service-is-officially-dead/ Thu, 27 Apr 2017 23:44:15 +0000 Sorry for the lengthy post but I needed to get this off my chest.

About an hour ago I checked my lenders interest rates on their website and lo and behold they have upped their fixed rates like everyone else.
Ok so yes you take the punt with everything and you will say that I am whinging, which I am.
The reason why is because this may have cost…[Read more]

]]> 729596c0655141feee5a5b16bb7f9d7f RMAA replied to the topic Selling but not discharging loan in the forum Finance https://www.propertyinvesting.com/topic/5034105-selling-but-not-discharging-loan/#post-5034259 Tue, 21 Mar 2017 23:35:06 +0000 Lending with STG other with ANZ.
Spoken to multiple brokers, finance strategists if you want to call them that, some even with the luxury of no response once details have been given.
looking at speaking to them directly again, as last time was 12 months ago, just to see if anything has changed.

]]> 4d96a24ceae905a55b671d0f9078a064 RMAA replied to the topic Selling but not discharging loan in the forum Finance https://www.propertyinvesting.com/topic/5034105-selling-but-not-discharging-loan/#post-5034129 Wed, 15 Mar 2017 23:17:22 +0000 Thanks Ethan. I know it’s a weird one.
I’ve seen it before when they were crossed so they only needed to reduce enough to keep the LVR under 80%.
But I was just asked the question and I hadn’t come across anything like it before when the properties weren’t crossed. So a bit like substituting security as Terry said but using another property that…[Read more]

]]> 2db157aa9359be4a7a3983d9715f1116 RMAA replied to the topic Selling but not discharging loan in the forum Finance https://www.propertyinvesting.com/topic/5034105-selling-but-not-discharging-loan/#post-5034112 Wed, 15 Mar 2017 08:08:37 +0000 Thanks Terry, but could they substitute the security the bank already holds if they don’t want to purchase again to leave access to the funds for contingency?

]]> 3e0a773519f8a993187bf7e391f4ff23 RMAA started the topic Selling but not discharging loan in the forum Finance https://www.propertyinvesting.com/topic/5034105-selling-but-not-discharging-loan/ Wed, 15 Mar 2017 04:08:15 +0000 Hi all,
I’ve got a weird question and I’m guessing the answer but wondering if anyone had come across it.
I’ve got some family members, who due to age, are in the situation where they cannot service anything more according to the banks but don’t want to lose access to funds because obviously they will never get it again.

They have a couple of…[Read more]

]]> e7dbfb23b31428c7a4aec3dde42432d3 RMAA replied to the topic Buying out JV Partner, should we do it? in the forum Help Needed! https://www.propertyinvesting.com/topic/5031511-buying-out-jv-partner-should-we-do-it/#post-5032978 Tue, 14 Feb 2017 04:44:51 +0000 Not those initials Corey. But all approved. Docs signed. Were just waiting for a couple of land transfer documents to be signed and given to the bank.
I don’t want to bad mouth anyone as there could be a reason, I just can’t think of why.
I guess just venting as I thought maybe my expectations were off.

]]> dfb87f3587281dea241f96866931472c RMAA replied to the topic Buying out JV Partner, should we do it? in the forum Help Needed! https://www.propertyinvesting.com/topic/5031511-buying-out-jv-partner-should-we-do-it/#post-5032975 Tue, 14 Feb 2017 03:00:34 +0000 Just an update we’ve decided to keep the property at the moment.
One thing I can’t fathom though, going a bit off track is that we’re finally ready to settle with the refinance and I haven’t heard back from my broker for nearly 8 weeks.

Is this normal practice for a broker to get everything approved etc and then just disappear not returning calls…[Read more]

]]> ae4a5980ca12e3a19bf32e4b520fe371 RMAA replied to the topic Claiming LMI on an IP in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5032018-claiming-lmi-on-an-ip/#post-5032145 Tue, 27 Dec 2016 23:52:13 +0000 Thanks for the reply Terry.
We discharged around Jan 15 but moved in during the 13/14 FY (passed the 2 years for amendments) and about to make IP so i’m guessing that we’ve missed out on the ability to deduct any of the lmi cost.
I wish my accountant had given us better instructions/advice.

]]> a4c23f0629e51fd341422ec99afc700f RMAA replied to the topic Claiming LMI on an IP in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5032018-claiming-lmi-on-an-ip/#post-5032023 Thu, 22 Dec 2016 06:35:37 +0000 Absolutely.
I’m on the lookout but the time of year has killed me for that.
We have some foreign investments that seem to have stumped them as well. Been waiting since Melbourne cup day for a response on that one.
Might be another direct call to the ATO is in order but then I’ve been waiting for them since Julyish too. 😜

]]> 3caeefe2856f5bb932d0940e7f13f4be RMAA started the topic Claiming LMI on an IP in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5032018-claiming-lmi-on-an-ip/ Thu, 22 Dec 2016 05:22:31 +0000 Hi all,
Is anyone able to give me some insight? I’m aware that you can claim LMI on an IP as borrowing costs over 5 years but how does it work if it was originally a PPOR then is turned into an IP within that time?
Also if you refinance, and are not required to pay it with the new lender due to CG, can you still claim the original amount paid…[Read more]

]]> 9567989ea0dbed1d7a6341822ab41081 RMAA replied to the topic Buying out JV Partner, should we do it? in the forum Help Needed! https://www.propertyinvesting.com/topic/5031511-buying-out-jv-partner-should-we-do-it/#post-5031594 Mon, 05 Dec 2016 04:59:56 +0000 Thanks Benny.
The size is nearly 450sqm so not huge but compared to what developers are carving up nowadays and charging a premium for it’s actually pretty good.
The thought isn’t really out of left field because that was something we were considering actually.
But good to have someone else who think’s it’s not such a crazy idea. It’s just…[Read more]

]]> d025abb43d6d3a684d4b8c684d4310c0 RMAA replied to the topic Buying out JV Partner, should we do it? in the forum Help Needed! https://www.propertyinvesting.com/topic/5031511-buying-out-jv-partner-should-we-do-it/#post-5031581 Sun, 04 Dec 2016 23:15:20 +0000 Thanks for the insight Benny.
You are right we bought a ‘solution’.
Unfortunately as the place is 5-6 yo there’s not a lot we could do to add value to it at this stage.
Also as it’s in an estate the covenants dictate a lot for the exterior.
The positives are it’s part of the SE growth corridor of Melbourne, new (additional) train station d…[Read more]

]]> addefd662213591e88c5bac418efa868 RMAA's profile was updated https://www.propertyinvesting.com/activity/p/352911/ Fri, 02 Dec 2016 02:48:54 +0000 64890263d3b0cb75278976d5fb9be758 Roslyn77 started the topic Buying out JV Partner, should we do it? in the forum Help Needed! https://www.propertyinvesting.com/topic/5031511-buying-out-jv-partner-should-we-do-it/ Thu, 01 Dec 2016 22:31:52 +0000 Hi all,
Been part of this site for years but this is the first time I’ve needed to bounce things off others. Sorry that it’s long.

I bought a H&L in Lakeside, Pakenham back in 2010 jointly owned with family for $413,000 and this is what we owe currently. (first mistake I know but it was the only way to move forward at the time). 1 of the parties…[Read more]

]]> effbc2844829abc436ed68ce9fdd92b1 RMAA's profile was updated https://www.propertyinvesting.com/activity/p/328201/ Sun, 18 Oct 2015 05:44:37 +0000 1e809a88b9c982addc248ce4b8e9a1da Roslyn77 replied to the topic MyRate & OneDirect loan experiences? in the forum hey hybrid, I had a loan https://www.propertyinvesting.com/topic/4391849-myrate-onedirect-loan-experiences/#post-4580156 Wed, 09 Jan 2008 06:22:20 +0000 hey hybrid, I had a loan with onedirect which i just recently refinanced elsewhere.I was quite happy with the products being offered but had a bit of fun with settlement originally – rather then liasing with my solicitor/conveyancer it seemed everything was being asked of me directly so i had to do the running around.Then when i discharged the…[Read more]

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