PropertyInvesting.com | roy22 | Activity

roy22 replied to the topic flipping contracts? in the forum Help Needed!

Mon, 22 Feb 2010 21:26:06 +0000

Thanks everyone. will read those recommended links and also get to that part of the book.Thanks again

roy22 replied to the topic Investing in Geelong Suburbs in the forum General Property

Thu, 11 Feb 2010 01:16:44 +0000

Hey , i dont live anywhere near that area, but just wanted to know if Corio is a good area? its really cheap there

roy22 replied to the topic subdivision cost? in the forum Value Adding

Thu, 14 Jan 2010 04:55:14 +0000

thanks again christianGood work with not advertising. This enquiry is for my parents house and im not sure if they want to go ahead. but if i continue this path for myself, i will contact you professionally if thats ok.thanks again

roy22 replied to the topic Glenroy, Vic in the forum Hey kelliei have been

Thu, 14 Jan 2010 04:43:48 +0000

Hey kelliei have been looking at Glenroy. Out of control! Cant get a 600sqm block for under $450k. By the time i will be ready to buy, it will be way above that again. Also rents do not match the buying price from my research. For $350 might have to step out to cambellfield or Broadmeadows, which suprisingly has done very well in CG in the last co…[Read more]

roy22 replied to the topic subdivision cost? in the forum Value Adding

Tue, 12 Jan 2010 01:32:38 +0000

thanks for that info christian. im am going to continue looking into it. might speak to a town planner to see what the process and cost would be going with them. do you recommend a town planner to organise this process?

roy22 replied to the topic subdivision cost? in the forum Value Adding

Tue, 12 Jan 2010 00:13:03 +0000

thanks for the advice. i have got a quote from a company saying it will cost approx 30k for subdivision, architect plans drawn up for a 2 bedroom unit, all permits, the whole works. so right up to the point where i can sell it to a builder ready to go. i will have to provide utilities like power , sewerage and water which will cost about 5k max i…[Read more]

roy22 started the topic subdivision cost? in the forum Value Adding

Mon, 11 Jan 2010 02:44:37 +0000

Would anyone be able to give me a rough estimate of what it costs to subdivide? would it be better to go through a company and let them handle all the process? Or is it cheaper and managable to do it yourself? please share your experiences as i am considering it but need to know the costs and difficulties involved.Thank you

roy22 replied to the topic Planning for the future in the forum Help Needed!

Wed, 06 Jan 2010 02:28:41 +0000

i am aiming to buy IP 2 close to these areas. even if i have to go to glenroy side, that will be ok. But my PPOR will hopefully be in the essendon area. Its going to be hard work, but that is the goal.

roy22 replied to the topic Planning for the future in the forum Help Needed!

Mon, 04 Jan 2010 22:47:03 +0000

hey wealthyjvd,i am in exactly the same position as you in the same area. i bought IP in airport west and want to settle down in essendon strathmore area also. i am 24 and have been trying to work out how to go about getting IP2 also. i have decided i want to get number 2 before getting my house to live in. i find thats the only way to be able to…[Read more]

roy22 replied to the topic Can I buy my 2nd IP? in the forum Duckster,your example above

Thu, 29 Oct 2009 00:04:47 +0000

Duckster,your example above is the same recommended by my mortgage broker in order to buy my second IP also.From all the info on this site, i thought it was a huge mistake to join both properties together as security? If that is the only way possible in order to buy the second IP, is it still worth doing or would it be better to wait.

roy22 replied to the topic joint venture structuring in the forum OK that promising seeing

Wed, 28 Oct 2009 03:40:58 +0000

OK that promising seeing that we can have two separate loans combined into one. so together we will be liable for the whole amount of the loan. that clears up a few doubts i had.Thank you very much for the information guys.

roy22 replied to the topic joint venture structuring in the forum Help Needed!

Tue, 27 Oct 2009 02:07:26 +0000

hey terry,sorry to read your reply after so long. been overseas and been a while since ive been on this site.thanks for your info. I havent talked to a lawyer or mortgage broker yet, just wanted to gather my personal info before i get to the next stage. I know i was vague in my initial post, but If i buy the property to renovate as my ppor, doesnt…[Read more]

roy22 replied to the topic upstairs extension in the forum Value Adding

Thu, 24 Sep 2009 23:04:45 +0000

ok thanks everyone for your help. i have got in contact with a builder and he says would probably be looking at approx 100k. might also have problems getting permit from what he sees as there are no 2 story houses in the street. there must be a reason for that. might look to do a nice reno inside instead. thanks again

roy22 replied to the topic Good accountant needed in the forum Legal & Accounting

Fri, 31 Jul 2009 05:48:43 +0000

Hi all,really need a good accountant in melbourne. have tried a few people that have been recommended to me, but they all seem to not be taking on new clients.Preferably someone who can advise so i can get the best rewards out of my investment property.any help would be great.thanks

roy22 replied to the topic info on flipping property contracts in the forum Creative Investing

Fri, 12 Jun 2009 05:31:56 +0000

ok thanks for the feedback qgm.

roy22 replied to the topic Property development finance! in the forum Finance

Wed, 10 Jun 2009 00:49:32 +0000

hey jazz77when u say "There are no payments to be made during the course of the construction" does that still mean the interest payments on the development loan have to be made? sorry if it sounds like a silly question. Also what are the requirements to otaining a building licence? So for example would i need a building licence to construct 2…[Read more]

roy22 replied to the topic 50% asset purchase bonus- Small business tax relief in the forum Legal & Accounting

Thu, 28 May 2009 01:52:57 +0000

great thanks dan.

roy22 replied to the topic 50% asset purchase bonus- Small business tax relief in the forum Legal & Accounting

Wed, 27 May 2009 22:54:30 +0000

This sounds incredible. just to clarify, when would you recieve the 50% tax deduction? For example at the time of purchasing a vehicle or at the end of tax year?

roy22 replied to the topic Now this is Positive Cashflow in the forum Value Adding

Fri, 15 May 2009 01:14:40 +0000

sorry, i should have created a new topic. i am new to this. sorry about that

roy22 replied to the topic Now this is Positive Cashflow in the forum hey everyone, hoping someone

Fri, 15 May 2009 01:13:46 +0000

hey everyone,hoping someone can give me some advice. Im trying to add value to my house and i thought i could try and win both ways if i could do a renovatiion and add a bedroom or two. I prob would not have enough space to add to the rear of the house so i was considering building an upstairs bedroom and ensuite or two beds. Would anyone have any…[Read more]

roy22 replied to the topic FREE Residex Property Reports for VICTORIAN, TASMANIAN, and SOUTH AUSTRALIAN properties - Investment or Owner Occupied in the forum Value Adding

Tue, 05 May 2009 23:13:52 +0000

thanks mikevery informative report. helped me out to know where i sit in the market. thanks again

roy22 replied to the topic Should we fix interest rates now or not? in the forum Finance

Wed, 22 Apr 2009 01:54:46 +0000

I would also like to hear peoples opinion on this fixed rate rise. Is this an indicator of rates rising in the near future? Also i know that it is hard to predict in this specific time, but what are peoples predictions for the next couple of years regarding Interest rates.

roy22 replied to the topic Wanted - 2nd hand copy of Steve McKnight's wrap kit in the forum Help Needed!

Wed, 08 Apr 2009 07:25:28 +0000

would anyone have steve mcknight "0-130 properties in 3.5 years" that i could buy? im in melbourne.

roy22 replied to the topic RIGHT TIME TO BUY? in the forum Help Needed!

Wed, 08 Apr 2009 07:16:01 +0000

thanks for your help everyone. i think i will go ahead and restructure the loan. the variable rate i am being offered is 4.94% which is close to half of what i was paying. even if it the breaking cost does equal the same amount of interest i would have paid in two years, i dont want to regret not having the opportunity of the low interest rates…[Read more]

roy22 replied to the topic CAN YOU STILL MAKE MONEY RENOVATING? in the forum Value Adding

Fri, 20 Feb 2009 14:12:07 +0000

thanks guys. i think i will wait tiill the market is on the rise again before i decide anything. hopefully this will be soon

roy22 replied to the topic CAN YOU STILL MAKE MONEY RENOVATING? in the forum Value Adding

Wed, 18 Feb 2009 14:17:01 +0000

hey guys,im new to the investment game. was reading the forum and got thinking about the idea to renovate my ip and sell for profit. i am currently living in it at the moment for the first home buyers grant. if i was to sell it and make a profit, that would pay off the bank and i could buy, renovate and sell again…..and so on. would there be a…[Read more]

roy22 replied to the topic Leasing out IP privately in the forum thanks very much for all

Sat, 24 Jan 2009 00:19:24 +0000

thanks very much for all your help guys. i think i will go with a pm soon. thanks again

roy22 replied to the topic Looking for an Accountant Specialist in Property Investment in the forum Help Needed!

Mon, 12 Jan 2009 05:38:43 +0000

I am in the same predicament in Melbourne. I have tried three different accountants in the last three years and they all have that same bad attitude towards giving one on one service. Can anyone recommend and accountant who i can trust and also has expertise in the property field.Thanks

roy22 replied to the topic what would u do!! in the forum Help Needed!

Sat, 10 Jan 2009 21:47:22 +0000

thanks for the info. much appreciaed. think i will continue to pay the principal which would make it a shorter time before i can purchase IP number 2. thanks

roy22 replied to the topic what would u do!! in the forum Help Needed!

Thu, 08 Jan 2009 11:09:16 +0000

hey all,First time on the forum. i have bought my first investment property and like everyone else in here would like to establish a healthy port-folio. just a couple of questions:is it still possible to create equity quickly if it is a "interest only" loan?andwould anyone know if there is a fee for changing a fixed loan to interest only if that…[Read more]