PropertyInvesting.com | ryanmel | Activity https://www.propertyinvesting.com/members/ryanmel/activity/ Activity feed for ryanmel. Sun, 12 Apr 2026 16:50:54 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 9e44331e9ecd141a245f4d69a382830a ryanmel replied to the topic Help! line of credit for investing? in the forum No Subject https://www.propertyinvesting.com/topic/4369783-help-line-of-credit-for-investing/#post-4442947 Thu, 04 Mar 2004 13:16:04 +0000 i use the loan that margaret lomas talks about, i actually had destiny financial solutions set it up for me. i find it very useful. and even flexible.

we have a st george portfolio loan, which allows up to 10 sub accounts. the first account is for my PPOR, where all our pays and rents go into, and where we pay our interest on other loans from.…[Read more]

]]> a9b03382efa68354291efeb0702b81ca ryanmel replied to the topic How Do they do It in the forum General Property https://www.propertyinvesting.com/topic/4371683-how-do-they-do-it/page/2/#post-4457994 Wed, 03 Mar 2004 14:45:34 +0000 i think something that hasn’t been mentioned but explains why people would pay, for example $200pw rent, is lifestyle.

lets say someone wants to live in a nice, near city, cafe strip townhouse in perth, they pay $250pw. the place is new, very nice.
if they wanted to buy the same place it would sell for approximately $350000+. So, because i don’t…[Read more]

]]> 221ff50b1a49263d48ad9518cf588c99 ryanmel replied to the topic How is the market ? in the forum General Property https://www.propertyinvesting.com/topic/4371122-how-is-the-market/#post-4453622 Wed, 11 Feb 2004 14:43:10 +0000 if i saw 850+ my maximum would be 850, and i’d be negotiating down….phew, and a rent of $1700pw. hehehe

]]> 1a777ae51fe4f33c045969df2e5d7e41 ryanmel replied to the topic loss of friends in the forum No Subject https://www.propertyinvesting.com/topic/4370940-loss-of-friends/page/2/#post-4452383 Wed, 04 Feb 2004 14:19:16 +0000 well it’s a forum, so i’ll add my little bit.
my wife and i are investing and have been for about 3 years now. our good friends, are still our good friends. but in what some have said, you lose friends, in our case it’s not so much losing friends as it is not seeing ppl as often as you used to. some friends we see every 3 months or so… and…[Read more]

]]> d0b204e9e2f3aa1351c5a311e45bc7aa ryanmel replied to the topic PM in Perth in the forum Help Needed! https://www.propertyinvesting.com/topic/4370861-pm-in-perth/#post-4451637 Mon, 02 Feb 2004 15:35:16 +0000 yes, well, we have had two bad experiences with PM’s, one within a RE agency, one a dedicated PM company…. so we
looked elsewhere and when you look for something, it comes
to you…. through conversation we were put onto a lady who
does Landlord Consulting. very good. very thorough, can’t complain at all. JMAC Landlord Consulting. worth a…[Read more]

]]> 03a2004eda07ea79492223cb9919d7a8 ryanmel replied to the topic Q 4 sis in the forum No Subject https://www.propertyinvesting.com/topic/4370809-q-4-sis/page/2/#post-4451063 Wed, 28 Jan 2004 15:09:28 +0000 whether i am just repeating what has been said, i think where some of the confusion might be in the whole +cf and -cf saga, is that one person is thinking cashflow in terms of after depreciation and deductions and the other (SIS) is talking about rent versus interest, before expenses and depreciation, this is how i understood what he said.
and…[Read more]

]]> 4b10c63d55e924d45acc111a18c37015 ryanmel replied to the topic Redrawing equity flawed - page 295 in the forum Heads Up! https://www.propertyinvesting.com/topic/4370794-redrawing-equity-flawed-page-295/#post-4450974 Tue, 27 Jan 2004 13:04:30 +0000 i think what was being referred to in that section is the strategy that involves buying, for example only,
10 properties, interest only, and when you are ready to retire from the workforce, refinance and redraw funds using whatever capital growth you have gained in the last year or so, and live off of the borrowed funds, as long as you never…[Read more]

]]> 2f6c5d020aa5b115c9112f53d24b975a ryanmel replied to the topic Good Dilemma in the forum Help Needed! https://www.propertyinvesting.com/topic/4370777-good-dilemma/#post-4450870 Tue, 27 Jan 2004 12:06:18 +0000 delayed gratification isn’t it, we are doing the same, all with the goal of enjoying life to it’s fullest (with no worries of working to make a dollar).
the investments can work for us

]]> 937015d8f769b01f475481a5f75b9cd6 ryanmel replied to the topic investing in shares / managed funds in the forum No Subject https://www.propertyinvesting.com/topic/4370779-investing-in-shares-managed-funds/#post-4450882 Tue, 27 Jan 2004 11:53:07 +0000 http://www.tradersnetwork.org

]]> 89c1e2fad25f622c8c6ca1e5248e70e1 ryanmel replied to the topic Today Tonight (Monday) in the forum No Subject https://www.propertyinvesting.com/topic/4370602-today-tonight-monday/page/2/#post-4449367 Tue, 20 Jan 2004 13:21:09 +0000 no offence kay henry, but you seem to take posts very personally. i didn’t see someone call people who read papers ignorant. all that’s being said is, never to follow what is said on tv shows and headlines papers 100%. you need to do your own due diligence and research. same with reading books, or ppls posts. the only thing is the %age of ppl…[Read more]

]]> 67effebe17f6b4596044c03aeb7dde95 ryanmel replied to the topic A good investment? in the forum Help Needed! https://www.propertyinvesting.com/topic/4370548-a-good-investment/#post-4448959 Mon, 19 Jan 2004 13:08:47 +0000 the younger ppl of these areas can’t wait to move out, i was born and lived in manjimup and my extended family still live there, it’s a great area, but they survived on the mill industry for years which is now almost dead. most ppl are moving up to bunbury or perth for job prospects. there is only a handful of shops and ppl are settled in there…[Read more]

]]> 3a74b425145ed66ce61b77864060ad2a ryanmel replied to the topic To Sell, Stay, or rent out??? in the forum General Property https://www.propertyinvesting.com/topic/4370230-to-sell-stay-or-rent-out/#post-4446164 Mon, 19 Jan 2004 13:00:17 +0000 well, thanks for your replies.
we are more than likely going to stay where we are for now, and use out equity to get into some +ve IP but we are also looking at businesses. we need cashflow to pay down our debts fast, our plan is 4 years to retirement. we need to be able to invest in as much +ve IP as possible and pay down as much debt as…[Read more]

]]> b5f4351251c10901d1eeaba38e578a92 ryanmel replied to the topic 50% PPOR & 50% Tenanted in the forum No Subject https://www.propertyinvesting.com/topic/4370603-50-ppor-50-tenanted/#post-4449388 Mon, 19 Jan 2004 12:28:55 +0000 are there any tax implications or legal issues if the people are paying “board” to you instead of “rent”?

]]> a31155d73ad7d0e57c9ae848848add19 ryanmel replied to the topic Planning my start in the forum General Property https://www.propertyinvesting.com/topic/4370612-planning-my-start/#post-4449414 Mon, 19 Jan 2004 12:23:41 +0000 a relative of mine believed you had to stay in the property for 12 months, but then rang to find out about it, and it just had to be proven that you had lived in it for a period of time, a couple of months after buying the place, he rented it out, and everyone was happy. examples given to him by the FHOG ppl that he spoke to was that you had all…[Read more]

]]> e8c85f98f18e4f7ae38229e572b6e138 ryanmel replied to the topic Today Tonight (Monday) in the forum Heads Up! https://www.propertyinvesting.com/topic/4370602-today-tonight-monday/#post-4449353 Mon, 19 Jan 2004 12:19:32 +0000 it’s good to watch these news stories, they can affect the market in that the casual investors who don’t want to do the research will act upon the tv and papers and go into buying or selling frenzies as per what they hear. a lot of people will panic. how many ppl have you had conversations with, who are looking at investing, but heard on the…[Read more]

]]> e11c34fd8a6fb8808eb347a7b3b4397f ryanmel replied to the topic cash income in the forum Opinionated! https://www.propertyinvesting.com/topic/4370419-cash-income/#post-4447763 Mon, 12 Jan 2004 13:24:37 +0000 some taxi driver i know work with another person, two ppl, two 12 hour shifts, over 1 million kilometres per year. if you’re willing to work your butt off, you will get paid. how many ppl do you know that work 12 hour days, 7 days a week, almost 365 days of the year…????

then again, who’d want to!? bah!

]]> 4170103d40f13976a9ce2d7efa73725b ryanmel replied to the topic first home owner/builder in the forum Help Needed! https://www.propertyinvesting.com/topic/4370397-first-home-ownerbuilder/#post-4447637 Sun, 11 Jan 2004 11:00:11 +0000 or you could speak to some ppl on this forum about a vendor financed purchase?!?!?!?

you have a deposit, you want somewhere to live. you could be looking in the right place!

]]> 262f8b388327d81c87748bc6e7086d91 ryanmel replied to the topic finance - second property (help)! in the forum Finance https://www.propertyinvesting.com/topic/4370421-finance-second-property-help/#post-4447785 Sun, 11 Jan 2004 10:56:38 +0000 try another lender?

or use a mortgage broker…. they normally have friendly acquaintances with certain members of the lending industry….[:D]

or if you like, i’ll buy your perth property from you…. $10000, seems fair….. bit of money in the bank….hehehe

devilcv8, don’t spo’se you drive a monaro????

]]> 1f351b844fcef0155e5e3c9ae8659f1c ryanmel replied to the topic software in the forum No Subject https://www.propertyinvesting.com/topic/4368867-software-3/page/4/#post-4434790 Sun, 11 Jan 2004 10:30:12 +0000 SIS i am also using destiny solutions software.
it is simple, straightforward, and, if anyone out there had the skills with EXCEL and ACCESS they could do it themselves.

but why not support a company thats interested in helping you become financially free.

we religiously enter all our income and expenses in daily and it’s good to be able to do…[Read more]

]]> 997bf240284110903f1af532e24b5c15 ryanmel replied to the topic Still In School/ Mortgage Hunter in the forum No Subject https://www.propertyinvesting.com/topic/4370402-still-in-school-mortgage-hunter/#post-4447670 Sun, 11 Jan 2004 10:15:22 +0000 being units in a complex, did you get a depreciation schedule or similar from the agent?
if so, how does that affect your cashflow?

the deductions on tax for the interest alone would be approx $35 per week at the 30% tax bracket. and then you would have the depreciation on a fully furnished unit….

i hope i did my sums right.

if you don’t…[Read more]

]]> 5408108363a0bd53f4eb8780bf4fa14c ryanmel replied to the topic To Sell, Stay, or rent out??? in the forum General Property https://www.propertyinvesting.com/topic/4370230-to-sell-stay-or-rent-out/#post-4446152 Fri, 02 Jan 2004 13:38:50 +0000 thanks for your comments.

steven, when i said borrow 100%, i meant using the equity as you mentioned, as a 20% deposit, and 80% lvr, but at the same time, by using equity, that 20% will still be borrowed money, therefore 100% financed for the property.

melbear, we have discussed moving, which has never been an issue for me, i have not emotional…[Read more]

]]> 305c05bc80c2a8c9f83a948486ef9d4f ryanmel replied to the topic 221D VARIATION in the forum General Property https://www.propertyinvesting.com/topic/4370079-221d-variation/#post-4445144 Mon, 22 Dec 2003 14:53:30 +0000 i have been using the PAYG withholding tax form or whatever you call it for a few years now. and if you have a monthly commission and no IP’s it also works, although i also have IP’s.

one thing i have noticed, but have been fortunate due to overtime etc. is that you need to allow for medicare. after filling out the forms, the ATO works out a…[Read more]

]]> 470a6fa7d99b6657675f1d7461e33659 ryanmel replied to the topic Margaret Lomas in the forum Heads Up! https://www.propertyinvesting.com/topic/4370081-margaret-lomas/#post-4445155 Mon, 22 Dec 2003 14:19:01 +0000 i have read most of her books
they are good books, very easy to understand.
i have also had dealings with her company.
they are good for financial advice
they can organise finance for you.
they’re very good to talk to and everyone i have
dealt with in the last few years has been very
down to earth, and not opinionated or biased towards anything in…[Read more]

]]> ebb5508f70cd9dcccb36cd808bea9976 ryanmel replied to the topic Seminars, Gurus, etc. in the forum No Subject https://www.propertyinvesting.com/topic/4369687-seminars-gurus-etc/page/2/#post-4441769 Mon, 22 Dec 2003 14:13:41 +0000 regarding the comments made about robert kiyosaki….. whether it’s a true story or not, someone said “you should read this” and i did, and my wife did, and from paying extra off our house each month (not a bad thing) we were motivated to do more. and if from one book, someone can be motivated to read more, learn more, invest, and plan to retire…[Read more]

]]> dd76c56f13b034dc9c6307edc1d89979 ryanmel 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/4/#post-4442282 Sun, 14 Dec 2003 11:05:06 +0000 alexander heights, perth, WA.
party party party

]]> c72bf93f4fd42edfc287e09fe854e504 ryanmel replied to the topic FHOG, Tax deductions & PPOR in the forum General Property https://www.propertyinvesting.com/topic/4369931-fhog-tax-deductions-ppor/#post-4443863 Thu, 11 Dec 2003 14:20:13 +0000 my 2 cents…..

as far as i was aware, if you have lived in a property and then decided to rent it out and move elsewhere, then you can claim any interest deductions on the property from the time it becomes and investment. depending on your strategy it could be a good thing (if there is still a lot owing) or if you own or have a low principal…[Read more]

]]> 9a0da0324c7aec5bbb72902105a3c350 ryanmel replied to the topic Country Town WA in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367129-country-town-wa/#post-4423714 Sat, 23 Aug 2003 06:46:19 +0000 manjimup, love the place, i was born there and most of one side of my family still live there, not that my word is anything to go by, but here is my opinion on manji…….
the timber industry is over and there are a lot of places to sell in town and surrouding country areas, although the returns can be good, most of the young people (future…[Read more]

]]> 19912f3c26b07b2f823e1ae70fe70769 ryanmel replied to the topic 11 second rule - x 1000? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367141-11-second-rule-x-1000/#post-4423797 Sat, 23 Aug 2003 06:39:15 +0000 the 11 second rule is explained in the book (0-130 properties….)
basically it’s about analysing properties for potential positive gearing in a small amount of time (11 seconds)
whether you divide the rent by 2 then times by 1000 or just times the rent by 500 you will get the same number (1000 / 2 = 500) it’s just easier to times something by…[Read more]

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