PropertyInvesting.com | rusty05 | Activity https://www.propertyinvesting.com/members/rusty05/activity/ Activity feed for rusty05. Mon, 13 Apr 2026 07:55:28 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 7d85f7fe27137b335895e2af57397f0c rusty05 replied to the topic Wagga Wagga Area in the forum Help Needed! https://www.propertyinvesting.com/topic/4400903-wagga-wagga-area/page/2/#post-4630024 Sun, 19 Jan 2014 11:23:15 +0000 Hi guys, 
I've been trawling through threads about Wagga and will be going there this Wednesday/Thursday for a good look for my next IP purchase. I see Ashmont, Tolland and Mount Austin have some DoH streets, as well as Kooringal. What are people's thoughts on areas like Turvey Park and Glenfield Park? Is Kooringal still worth a look in the right…[Read more]

]]> 86881433a0e81d15311b071a54435783 rusty05 replied to the topic Where is the next boom town/suburb in the forum Help Needed! https://www.propertyinvesting.com/topic/4410299-where-is-the-next-boom-townsuburb/#post-4696492 Thu, 21 Nov 2013 02:35:45 +0000 Jac,
Do you think with all this investor activity we'll see vacancy rates rise in most areas?- I would imagine we would (obviously some areas more than others).

]]> 1459bac4c02ece91493f39ec1e4b9727 rusty05 replied to the topic Cash for a second home. Where would you go? in the forum The neighbour's place, no https://www.propertyinvesting.com/topic/4410048-cash-for-a-second-home-where-would-you-go/#post-4694898 Sun, 29 Sep 2013 12:39:36 +0000 The neighbour's place, no house but 160 acres of grazing land with amazing views for around $1.8, and would work in beautifully with our place! 

]]> 3060eb15220de647c9d9e36eee128d64 rusty05 replied to the topic Effects of Bypass on Property Value in the forum There are certainly some https://www.propertyinvesting.com/topic/4409488-effects-of-bypass-on-property-value/#post-4691928 Wed, 24 Jul 2013 00:08:21 +0000 There are certainly some desperate sellers. One house we looked at was asking offers above $440000, then listed as $440000 now down to $400000. Bank val came in at $425 and the agent said they're still pretty negotiable. Reckon you could get it for $380 but the question is what will it be worth when it looks onto the bypass?

Money to be made if…[Read more]

]]> 15c8012153298f29b3c77c283f74c797 rusty05 replied to the topic Effects of Bypass on Property Value in the forum Help Needed! https://www.propertyinvesting.com/topic/4409488-effects-of-bypass-on-property-value/#post-4691926 Mon, 22 Jul 2013 20:15:49 +0000 Nathan,

We've certainly ruled one out because it's just too close to the bypass. Will be looking at a couple this week with the potential to subdivide, keep the  house and sell the block -if funds allow!

]]> b5ab9ad46413277860ef9c2a5a214b5f rusty05 replied to the topic Effects of Bypass on Property Value in the forum Help Needed! https://www.propertyinvesting.com/topic/4409488-effects-of-bypass-on-property-value/#post-4691923 Sun, 21 Jul 2013 23:49:30 +0000 Hi,

Interestingly we looked at a few houses in Berry over the weekend and are just trying to figure out if the bypass will impact on them.  Apart from our PPOR we haven't invested there as yet.
So does that mean Berry's off the list for you or you will just try and find a block elsewhere in town?

– Rusty

]]> 46c57b772502b7e472698c43052e897e rusty05 replied to the topic Effects of Bypass on Property Value in the forum Help Needed! https://www.propertyinvesting.com/topic/4409488-effects-of-bypass-on-property-value/#post-4691921 Sat, 13 Jul 2013 11:36:53 +0000 Nathan,
Following from my previous comment funding has been approved for the Berry By-pass and the RTA has a fancy interacting digital image thingy on their website which gives some idea of where the bypass will be.

Rusty

]]> 071ea59efffc10d5731e05a7ec57c556 rusty05 replied to the topic Purchasing property from family... in the forum Help Needed! https://www.propertyinvesting.com/topic/4409684-purchasing-property-from-family/#post-4693144 Fri, 12 Jul 2013 07:47:02 +0000 Hi Grant,
I think you're right, the stamp duty would probably be on the full valuation. 

]]> d492fd18ed6f41023ad2de18e8c5f524 rusty05 replied to the topic Purchasing property from family... in the forum Help Needed! https://www.propertyinvesting.com/topic/4409684-purchasing-property-from-family/#post-4693142 Thu, 11 Jul 2013 23:29:23 +0000 Hi,

Last year we purchased a property off my parents for $725k. It was valued at $1450000 so we paid half price.  We found a lot of banks would only take the purchase price (725) into account but as Jamie alluded to, a few based the loan around the actual valuation so our LVR was very low (a loan for under $725k on a property valued at $1450000.)…[Read more]

]]> 7889e9a5a9e99606f7bedac900f1a409 rusty05 replied to the topic Effects of Bypass on Property Value in the forum Help Needed! https://www.propertyinvesting.com/topic/4409488-effects-of-bypass-on-property-value/#post-4691920 Fri, 14 Jun 2013 07:43:25 +0000 Hi Nathan,

I know Berry pretty well being born and bred there. Given the area is a 'destination' town for the Sydney mob, I don't think the bypass will have a huge effect on the local economy. However it will impact significantly on the price of some properties because of the stupidity of the planning which sees it cut the town in half and ruin…[Read more]

]]> 97b3a091845cc71703d7093061a0e035 rusty05 replied to the topic Are you serious? in the forum General Property https://www.propertyinvesting.com/topic/4409159-are-you-serious-2/#post-4689633 Thu, 25 Apr 2013 09:33:54 +0000 I guess it shows how lucrative the spruiking game is!

]]> 274067e5c1e43997d22c6fb82fb157fd rusty05 replied to the topic Double Story as a Rental in the forum General Property https://www.propertyinvesting.com/topic/4409121-double-story-as-a-rental/#post-4689365 Sat, 06 Apr 2013 07:57:57 +0000 Hi, 
I know the Worrigee area pretty well and in my opinion I think the potential tenants are probably dual income couples with a few tri-cycle motors and a dog. (Mum may work part time.)

Rusty

]]> 4d34968f386b1d23e4e511e4d0f27892 rusty05 replied to the topic Canberra Water Bill in the forum Help Needed! https://www.propertyinvesting.com/topic/4409118-canberra-water-bill/#post-4689357 Fri, 05 Apr 2013 10:33:17 +0000 Okay, thanks,
I'll dig up our lease (expired) and look at the finer details.

Regards,
Rusty

]]> 79c13ebe82714881734ad55f84f54c48 rusty05 replied to the topic Canberra Water Bill in the forum Help Needed! https://www.propertyinvesting.com/topic/4409118-canberra-water-bill/#post-4689355 Fri, 05 Apr 2013 09:08:11 +0000 Thanks Jamie, 
Do you know if you have this written into your leases?

]]> 35590a19e347b6bd9dad74c3fb19d694 rusty05 replied to the topic Terrible PM? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408968-terrible-pm/#post-4688355 Fri, 15 Mar 2013 11:22:43 +0000 Sorry, when I read the opening post, I thought this tread was about Julia…

]]> 4e93c0b8c26eaefc259e2ddc4b416472 rusty05 replied to the topic Looking for an Accountant with his or her own impressive portfolio in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4408964-looking-for-an-accountant-with-his-or-her-own-impressive-portfolio/#post-4688326 Thu, 14 Mar 2013 02:27:14 +0000 From my experience of talking to others, everyone has the best accountant!! :)

]]> 7b593189f1e87645e7dad31077fddeaf rusty05 replied to the topic Best way to Sell IP in Canberra in the forum Help Needed! https://www.propertyinvesting.com/topic/4408906-best-way-to-sell-ip-in-canberra/#post-4687940 Wed, 06 Mar 2013 10:19:52 +0000 Ok, thanks.
Certainly something to think about.

]]> 08af514920d806b2c948e47505d38ce6 rusty05 replied to the topic Best way to Sell IP in Canberra in the forum Help Needed! https://www.propertyinvesting.com/topic/4408906-best-way-to-sell-ip-in-canberra/#post-4687937 Tue, 05 Mar 2013 02:15:37 +0000 Thanks Jamie,
being the resident Canberrian on the forum, do you know anyone who does property staging in ACT? Could provide an idea of pricing for staging a small 3 bedder?

]]> 38fbb8ade37c492c7f5d44e74d7f88ef rusty05 replied to the topic Dominique Grubisa? Heard her speak? in the forum Heads Up! https://www.propertyinvesting.com/topic/4406652-dominique-grubisa-heard-her-speak/page/2/#post-4670414 Sun, 03 Mar 2013 22:55:13 +0000 Hi all,
I'd be very interested to hear if her distressed property system is workable or a scam. It does sound a little too good to be true. The 5 or 6 grand she's asking is a lot to blow if it's all shonky but you'd get that back in the first deal if it was actually legit.

Anyone with any experience?

Rusty.

]]> defa80ce3245abf66f5299e0c061f268 rusty05 replied to the topic Dymphna Boholt Growth and cashflow in the forum Heads Up! https://www.propertyinvesting.com/topic/4408695-dymphna-boholt-growth-and-cashflow/#post-4686264 Sun, 10 Feb 2013 07:07:00 +0000 Hi Rachel,
Sorry, nothing really to add. However I've read some of her very wordy ads and emails and as good as she may be, I just can't see past her horrendous spelling and lack of punctuation. It lacks professionalism to me but hey, it's just my pet hate!

Also some of her catch cries sound a little like preaching to the converted and are…[Read more]

]]> 58df9bdf4613ce7fbb518c9ef6366e27 rusty05 replied to the topic Derek Gehl Internet Mastermind 2013 - in the forum Heads Up! https://www.propertyinvesting.com/topic/4408620-derek-gehl-internet-mastermind-2013/#post-4685594 Wed, 06 Feb 2013 06:35:44 +0000 And all accurate!

]]> 04860521203523f6fc4836639702345e rusty05 replied to the topic Derek Gehl Internet Mastermind 2013 - in the forum Heads Up! https://www.propertyinvesting.com/topic/4408620-derek-gehl-internet-mastermind-2013/#post-4685592 Wed, 06 Feb 2013 02:47:57 +0000 So where do I sign for your seminars Freckle??

]]> 1ad4b447e7581869bf0e290dc80fca3b rusty05 replied to the topic offers over?? how much in the forum Help Needed! https://www.propertyinvesting.com/topic/4408664-offers-over-how-much/#post-4686008 Wed, 06 Feb 2013 00:08:18 +0000 Well said Dwolfe,
I was only going to add that to me the Offers Over always screams "I really want more but this is the lowest I will happily accept." Doesn't mean it's worth that, and not sure if i'd be making offers above that figure but I know people do. It all depends on the true value of the property and what the numbers look like for you,…[Read more]

]]> 8dd7d915c2d59cc79d359cd11a85243e rusty05 replied to the topic Derek Gehl Internet Mastermind 2013 - in the forum Heads Up! https://www.propertyinvesting.com/topic/4408620-derek-gehl-internet-mastermind-2013/#post-4685589 Mon, 04 Feb 2013 01:47:45 +0000 Thanks everyone for your interesting comments,
I might go just to check it out. PM me if you wanna go half in 2 tickets! – Tight hey :)
Rusty

]]> 6ada2bd5c031b0c437e3b54380fb4517 rusty05 replied to the topic Derek Gehl Internet Mastermind 2013 - in the forum Heads Up! https://www.propertyinvesting.com/topic/4408620-derek-gehl-internet-mastermind-2013/#post-4685583 Thu, 31 Jan 2013 20:13:41 +0000 I like your thinking Freckle. It's more the 2.5 hr drive each way that I'm contemplating. Maybe I should just get drunk instead??

]]> b4f676e2cdf51b2df80686f2e03d1eb9 rusty05 replied to the topic Derek Gehl Internet Mastermind 2013 - in the forum Heads Up! https://www.propertyinvesting.com/topic/4408620-derek-gehl-internet-mastermind-2013/#post-4685579 Thu, 31 Jan 2013 07:29:10 +0000 … currently $89.00 for 2 tickets.

]]> 396d08b7dfdf4a4f693f5aeb6db301bb rusty05 replied to the topic What's One Big Thing you'd like to Accomplish in 2013? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4408304-whats-one-big-thing-youd-like-to-accomplish-in-2013/page/3/#post-4682768 Wed, 02 Jan 2013 22:37:06 +0000 Wow, a full night's sleep… In our house of little ones that's more of a dream than a goal – Good luck with that :) 

My goals are to purchase next IP, possibly sell existing IP to raise capital to renovate PPOR (I know, I know bad debt!) and reduce business debt. Also determine best structure to move full steam ahead.

Oh yeah, also keep working…[Read more]

]]> 19257eef2834f693caa74b787f1e2638 rusty05 replied to the topic Motel Investment in the forum Commercial Property https://www.propertyinvesting.com/topic/4396914-motel-investment/page/8/#post-4607448 Wed, 12 Dec 2012 03:47:07 +0000 Oh, one other thing… when brokers list under the categories of Freehold, Leasehold or Investment Motels does it typically mean Freehold is with no lease in place and Investment is Freehold with a lease in place (as in a passive investment)?

Ta!

]]> 51f5129226b9aa58ddd8105f697041b7 rusty05 replied to the topic Motel Investment in the forum Commercial Property https://www.propertyinvesting.com/topic/4396914-motel-investment/page/8/#post-4607447 Wed, 12 Dec 2012 03:39:58 +0000 Hi Crest,
I've just finished reading this thread start to finish and have to say I have learnt a lot from your posts. Thank you. I've been considering buying a freehold motel as a passive investment hoping for a 9-10% return for around $1000000 not too ancient, probably no restaurant.  I'd be looking in regional areas, Riverina or Central West…[Read more]

]]> 38b9aa8e022dd5b6cf8921db77b73c8a rusty05 replied to the topic Property Article - How to make a fortune in the forum Forum Frolic https://www.propertyinvesting.com/topic/4408091-property-article-how-to-make-a-fortune/#post-4680944 Sun, 02 Dec 2012 11:53:52 +0000 Oh, it's THAT easy! How silly of me!

]]> a724e88ce702e92b608abf59c5a8eb4a rusty05 replied to the topic Am i too old... in the forum I laughed when you asked if https://www.propertyinvesting.com/topic/4408062-am-i-too-old/page/2/#post-4680726 Sun, 11 Nov 2012 11:41:00 +0000 I laughed when you asked if you were too old but only got worried when I started to read the posts where others tended to agree!

]]> 5f60d9717c82b1a2f85b18beb21c3427 rusty05 replied to the topic What else do you do? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4406299-what-else-do-you-do/page/2/#post-4667383 Sun, 11 Nov 2012 11:21:39 +0000 It always intrigues me what makes people tick. We've just bought the small farm I grew up on. I'm absolutely passionate about it and it's where I can be myself, take the tie off after work and start to de-stress by jumping on the tractor or motorbike, talking to the cows, or just admiring the sunset with a nice cool beer in hand! 

It's run as a…[Read more]

]]> 1a97cc80cb0fac385bf83923c71c594e rusty05 replied to the topic Am i too old... in the forum Help Needed! https://www.propertyinvesting.com/topic/4408062-am-i-too-old/page/2/#post-4680724 Sun, 11 Nov 2012 10:44:28 +0000 Wow, isn't age a funny thing. At 33 I've been in and out of property for 13 years but have wanted to go hammer and tongs for the last 12 months. After we get our PPOR and business sorted, after our little girl gets better, after the wife goes back to work after after after… We have around $850,000 of equity and a reasonably healthy wage but…[Read more]

]]> bef83bf3e09f5872f85fe622f4c9ccf7 rusty05 replied to the topic Buying at Auction in the forum Help Needed! https://www.propertyinvesting.com/topic/4407903-buying-at-auction-3/#post-4679432 Thu, 18 Oct 2012 02:06:58 +0000 Sorry – double post… how to I delete a thread??

]]> a098acd4e2c31599032ececc416abbee rusty05 replied to the topic Buying at Auction in the forum Help Needed! https://www.propertyinvesting.com/topic/4407904-buying-at-auction-4/#post-4679434 Thu, 18 Oct 2012 01:24:25 +0000 That should be law nationwide, it makes the purchase so much easier.
So a question for the forumites… every time people register at auction do you get a pest and building done or take your chances?

Rusty

]]> 0e8d5600a5baeeaf1aaa563daf1f8b43 rusty05 replied to the topic What are the Pro's and Con's? in the forum Great, thanks for clarifying, https://www.propertyinvesting.com/topic/4407869-what-are-the-pros-and-cons/#post-4679252 Tue, 16 Oct 2012 08:20:34 +0000 Great, thanks for clarifying, Terry.

]]> 2c95c7d7bb40d5ce3ff66188ecdd2374 rusty05 replied to the topic What are the Pro's and Con's? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407869-what-are-the-pros-and-cons/#post-4679250 Tue, 16 Oct 2012 02:50:29 +0000 Terry, when you say it might be more difficult to borrow to buy units in a trust, I'm assuming you mean units of a unit trust, as opposed to blocks of units or flats to rent out yeah?

]]> a94b0ee80e539c54bf6b00cf3a4cd5ff rusty05 replied to the topic How? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407468-how-3/#post-4676428 Tue, 16 Oct 2012 00:17:35 +0000 Okay, so some ridiculously rough figures…
$140000 cash can fund deposits for $700k at 20% EXCLUDING stamp duty etc. OR around $1400000 using 10% deposit EXCLUDING stamps and Mortgage insurance. Lets work on 700k.

$700k x 6% interest = $42000pa
On a high risk strategy you could chase a 9% return = income of $63000pa giving a gross return of…[Read more]

]]> da48c319fc30852dd10cae2e6501cf75 rusty05 replied to the topic Block of flats case study in the forum Creative Investing https://www.propertyinvesting.com/topic/4407523-block-of-flats-case-study/#post-4676743 Thu, 11 Oct 2012 02:44:32 +0000 Great insight Shape, thanks!
$75000 to strata, wow, I didn't realise it would be so costly.
Just on your last point about the water… Do you mean you can get the tenants to pay for water if you can put in individual meters? How much would it cost to get the extra meters fitted?

Rusty

]]> 6f55e561bb0543ac18facd32f40fc1b5 rusty05 replied to the topic New Site: What do you think? in the forum Help Needed! https://www.propertyinvesting.com/topic/new-site-what-do-you-think/page/6/#post-4674839 Wed, 10 Oct 2012 03:48:41 +0000 Hi guys,
Just a quick question about the new site, apologies if it has been already covered.
I liked being able to scroll down the 'recent posts/activity' section of the old site and there was no limit to the age of the 'recent posts' if that makes sense. They just came up chronologically. The new one shows a few recent posts but I find it…[Read more]

]]> 3ee4758c0685aaac8d6ff10f6d94ccfe rusty05 replied to the topic Water Usage - Getting Tenants to Pay in the forum General Property https://www.propertyinvesting.com/topic/4397666-water-usage-getting-tenants-to-pay/page/2/#post-4610969 Sun, 12 Aug 2012 11:15:46 +0000 Great read, thanks,
We paid part water for a NSW IP because of the 'garden factor' but want the tenant to pay for the in in the ACT but the agent says we have to. Has anyone had any experience in Canberra on this one?

Rusty

]]> b4e2571581be4bf4a829e53b37e9480c rusty05 replied to the topic Is This Australia's Cheapest House? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407266-is-this-australias-cheapest-house/#post-4674688 Thu, 09 Aug 2012 09:57:50 +0000 Looking fantastic mate! Good stuff!

]]> dba2b4d8d6945c1219c54eb7f64b1d9b rusty05 replied to the topic Funding to start a trust in the forum Help Needed! https://www.propertyinvesting.com/topic/4406770-funding-to-start-a-trust/#post-4671274 Wed, 13 Jun 2012 03:37:22 +0000 Hi Terry,Sorry, I was rambling a bit, but you answered my query perfectly so I wont waste any more of your time. Thanks, you're a wealth of information!Rusty

]]> 13355c18947f892a832e20b1f91ddaf6 rusty05 replied to the topic Property managment fees and getting a property to 8% rental yeild in the forum Help Needed! https://www.propertyinvesting.com/topic/4406746-property-managment-fees-and-getting-a-property-to-8-rental-yeild/#post-4671102 Sun, 03 Jun 2012 11:40:51 +0000 I guess it begs the question tho, is an 8% return the minimum that we shoud be aiming for or do the numbers still not work at 8%? I'd be interested to hear what returns people find works for them – Obviously it depends on costs etc because it's a gross figure. Rusty

]]> da7c4fd7815e40896bba8cacf40c6924 rusty05 replied to the topic defense housing in the forum General Property https://www.propertyinvesting.com/topic/4406727-defense-housing/#post-4670971 Thu, 31 May 2012 03:42:24 +0000 +1 to what others had said. We looked into it, too but by the time they take out the 16% it left a very low yield. Having said that, you get the property back in good condition because they repaint after their lease (I think it might be after 3 years) and recarpet for a longer one (5years, maybe longer??) This, and a guarenteed rent would make it…[Read more]

]]> a0911c25ff0590ba15fd8afdb9faf056 rusty05 replied to the topic self managed renatl in the forum Help Needed! https://www.propertyinvesting.com/topic/4405685-self-managed-renatl/#post-4662451 Tue, 24 Jan 2012 22:06:25 +0000 Thanks for the ideas. Certainly something to think about.Rusty

]]> 963056a9dcece0e11c5e3f3ba85860e4 rusty05 replied to the topic self managed renatl in the forum Help Needed! https://www.propertyinvesting.com/topic/4405685-self-managed-renatl/#post-4662446 Mon, 23 Jan 2012 23:16:52 +0000 Thanks for the advice Shane.

]]> 3e9e288bdf3c378c46f6cf7c8a0fa23b rusty05 replied to the topic Interest rate discounts for big borrowers in the forum Finance https://www.propertyinvesting.com/topic/4405678-interest-rate-discounts-for-big-borrowers/#post-4662423 Mon, 23 Jan 2012 05:58:46 +0000 I'll keep you posted!

]]> 3b8cef4084e316f89d0c04800e728588 rusty05 replied to the topic Interest rate discounts for big borrowers in the forum Finance https://www.propertyinvesting.com/topic/4405678-interest-rate-discounts-for-big-borrowers/#post-4662421 Mon, 23 Jan 2012 05:24:10 +0000 Shape, Funnily enough it was the one bank I initally refused to go to because of a previous customer service issue … but given the complexity of our purchase (primary production on a residential loan, etc) they were the best this time round for us, the 0.9% brought us down to not much less that where we hoped to be originally.  I agree 1% is a…[Read more]

]]> c02de63faaec698268c7073099ee7b0a rusty05 replied to the topic Interest rate discounts for big borrowers in the forum Finance https://www.propertyinvesting.com/topic/4405678-interest-rate-discounts-for-big-borrowers/#post-4662419 Mon, 23 Jan 2012 04:38:03 +0000 We've just been approved for a 0.9% discount with Westpac on a loan of over $800000 but the broker is hitting them up for 1% because the LVR is only at 42% – Worth a shot.

]]>