PropertyInvesting.com | ruk | Activity https://www.propertyinvesting.com/members/ruk/activity/ Activity feed for ruk. Mon, 13 Apr 2026 16:37:24 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 4e0fb8add8f3fc9414e75ba726ae7210 ruk started the topic Asset Rich - Cash Poor. in the forum Help Needed! https://www.propertyinvesting.com/topic/4993865-asset-rich-cash-poor-2/ Thu, 21 Aug 2014 05:37:51 +0000 I need finance to purchase another i p for $1,500,000.
I have assets totaling $2,150,000, plus the new purchase, would bring my asset total to $3,650,000.
My problem seems to be, $800,000 of my assets are commercial and commercial does not seem to rate very well with the banks, but that is where I get my best income from.

I need help urgently as…[Read more]

]]> 3ff359fd53380befede7386d30a65d5b ruk replied to the topic Need new computer in the forum Help Needed! https://www.propertyinvesting.com/topic/4404747-need-new-computer/#post-4656030 Tue, 20 Sep 2011 05:01:12 +0000 if you need a computer to handle your investments, you may be able to claim it as a business expense, either in part or full, or maybe some depreciation for part or full amount.

]]> 84436b1cf65cf8d77ecfe5575d8f8c88 ruk replied to the topic Home Loan Question? in the forum Finance https://www.propertyinvesting.com/topic/4404549-home-loan-question/#post-4654618 Thu, 15 Sep 2011 06:31:05 +0000 I don't think the FHOG actually stipulates how long you have to live there to claim it, all you have to do, after you get it is say you intended to live there but found that you could not afford to after all, also as far as an investment loan goes, you just tell the bank that it took longer than you thought to find a decent tenant.

]]> 8fbe2e5b3511810e488e88424c944527 ruk replied to the topic LOC vs Loan with 100% offset in the forum Hey Tlp,Both have the same https://www.propertyinvesting.com/topic/4401831-loc-vs-loan-with-100-offset/#post-4635803 Wed, 10 Nov 2010 06:13:41 +0000 Hey Tlp,Both have the same end result, they are the best way to borrow, BUT you must keep a record of what interest is business and what is personal, as the ATO will rip you a new one.I just got a $500,000 LOC from Homeside Lending(part of NAB) @ 6.47%, to get that rate I had to have 40% and put up only residential to be mortgaged.I think you can…[Read more]

]]> 1c68f46bd5c85750407d582ab83d00f0 ruk replied to the topic land next to golf course in the forum Thanks FinSpec, located https://www.propertyinvesting.com/topic/4397100-land-next-to-golf-course/#post-4608496 Thu, 27 Aug 2009 07:47:30 +0000 Thanks FinSpec, located exactly in Atherton, north queensland about 100 km from Cairns.

]]> c10ab4804282595001510b5f0c5266a6 ruk replied to the topic land next to golf course in the forum Thanks, but already tried https://www.propertyinvesting.com/topic/4397100-land-next-to-golf-course/#post-4608493 Thu, 27 Aug 2009 04:54:32 +0000 Thanks, but already tried that, the valuer can only  compare it to other sales  in the area,  and none of them are as close to town or next to a golf course, the value they gave me was for $ 500,000, even an idiot like me knows it's worth more than that.At $20,000 per developable block it's worth $ 1,480,000. anywhere else in town, but everyone el…[Read more]

]]> dea353b55d479363c1d30b177a8b055f ruk replied to the topic 2.3 million of property in the forum Help Needed! https://www.propertyinvesting.com/topic/4393362-2-3-million-of-property/#post-4588248 Thu, 05 Jun 2008 06:47:07 +0000 remember it's better to pay interest, than tax.

]]> 26141e2dd8185268c3c5280fea8ea380 ruk replied to the topic What is the benefit of an interest only loan? in the forum Finance https://www.propertyinvesting.com/topic/4393166-what-is-the-benefit-of-an-interest-only-loan/#post-4586663 Wed, 04 Jun 2008 07:29:54 +0000 my reason for interest only loans.Borrow $400,000 in 2008.Pay it off in 2033, when $400,000 will be the cost of a small car.There are lots of other benefits too, as mentioned before, but I like this one the best.

]]> 679ae8562f0d64cf64454c7e407fd973 ruk replied to the topic should agents commissions come down? in the forum General Property https://www.propertyinvesting.com/topic/4390110-should-agents-commissions-come-down/#post-4570171 Wed, 04 Jun 2008 07:21:49 +0000 I have been a " agent " actually it's sales person on and off for many years, the agent is the owner of the business.I agree commissions are too high, but remember it's not always booming, there were 14 years of hard times.Things always look greener on the other side of the fence, don't they.

]]> aad3dde64c7048b1821ac8c26495dfd6 ruk replied to the topic Cairns apartment investments in the forum General Property https://www.propertyinvesting.com/topic/4393290-cairns-apartment-investments/#post-4587938 Fri, 23 May 2008 07:57:05 +0000 go to real estate .com and chek out what else is available, as this name "waterside" is a bit missleading, being 3 km from the city,the price sounds a bit high as well.

]]> d5ac1730c737ddfc9e099b659690f5bd ruk replied to the topic Vinyl Flooring in the forum Value Adding https://www.propertyinvesting.com/topic/4392779-vinyl-flooring/#post-4585253 Thu, 08 May 2008 07:06:46 +0000 vinyl tiles are usually solid vinyl and can be cut back if scratched, whereas vinyl sheeting only has a thin skin of vinyl on top, but i have had vinyl tiles shrink after a few years, they may have improved in recent years.

]]> 71687bd5bd8bdf055bc1bcaa8906c4ac ruk replied to the topic To what extent is advise/ recommendations ilegal? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4392877-to-what-extent-is-advise-recommendations-ilegal/#post-4585590 Mon, 14 Apr 2008 07:27:45 +0000 are you charging for this advise.

]]> 6b60bdcbbdf3d682a7c7e3ecffe580e8 ruk replied to the topic building houses in the forum Value Adding https://www.propertyinvesting.com/topic/4392876-building-houses-2/#post-4585579 Mon, 14 Apr 2008 07:10:28 +0000 Now land is $130,0004 br rendered block house around 200m2 = $170,000Legals + stamp duty $ 10,000Sale price $ 400,000Agent $ 10,000all amounts are approx. but you get the idea.even if you only make $ 10,000, it's still better than nothing, and you get a #*%@ load of experience, so you will do better on the next one.RUK

]]> a08c31941a377744a74006851904a7c0 ruk replied to the topic R u Ready for a recession in the forum General Property https://www.propertyinvesting.com/topic/4392834-r-u-ready-for-a-recession/#post-4585447 Fri, 11 Apr 2008 08:09:53 +0000 thanks for that

]]> 230450a5988a88fc883e2cae5a92c4ad ruk replied to the topic building houses in the forum Value Adding https://www.propertyinvesting.com/topic/4392876-building-houses-2/#post-4585576 Fri, 11 Apr 2008 07:41:27 +0000 the market has changed since i did my last one but you should still make a profit, I made $120,000 in 10 months, with a $250,000 outlay.at the moment, if I did it again, it would cost me $310,000 and I would only make $80,000.the profit is definately in it, but so are the headaches, with everybody, from the word go, the draftsman, the builder, the…[Read more]

]]> ffad0a267be4f78acf10c643bc3bf901 ruk replied to the topic PI Noice - Please Help !!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4392867-pi-noice-please-help/#post-4585569 Fri, 11 Apr 2008 07:28:31 +0000 Work out how much you need to live on, subtract that from your net income, and the balance divided by the interest rate and that will give you the amount to borrow to buy ip's, you will also have the net income from the ip's to help you pay off even more borrowings and then it just goes on from there, make more, borrow more, buy more, make more,…[Read more]

]]> 5ae676c5def7fa8acb96027b920fa03f ruk replied to the topic Serious Saver 7.25% in the forum General Property https://www.propertyinvesting.com/topic/4392549-serious-saver-7-25/#post-4583829 Mon, 10 Mar 2008 06:20:21 +0000 Go to ratecity.com.auSuncorp is offering 8.2%

]]> ebb02c253e1ddaf98d2dd2bdffcc36d9 ruk replied to the topic Monthly Rent Calculation in the forum Help Needed! https://www.propertyinvesting.com/topic/4392153-monthly-rent-calculation/#post-4581911 Fri, 01 Feb 2008 08:43:57 +0000 remember there are 13 – 4 week months in a year but only 12 calander months, so if paid on the same day each month you will get 12, make sure the tenant understands this, as some of mine have been too stupid. and the agents not much better.

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