PropertyInvesting.com | sammmeee | Activity https://www.propertyinvesting.com/members/sammmeee/activity/ Activity feed for sammmeee. Wed, 15 Apr 2026 01:23:42 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 e88dbb08bc3211e732d13c1eaaef8381 sammmeee replied to the topic Best way to put in offers?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400730-best-way-to-put-in-offers/#post-4629133 Fri, 20 Aug 2010 11:07:17 +0000 Yes wobbie,  it is about how much the property is worth. However I do find those rpdata reports to be extremely out! Our property is supposedly worth 780k via a rpdata report the night before the bank valued it at 610. (DOH!)Update,Didn't get that property. But I got accepted on another one. 8k above asking price. Yes I know it sounds r…[Read more]

]]> 99f992b2fae17b8d2b69c0c3df3452a5 sammmeee replied to the topic LOC verses Interest only with offset in the forum Finance https://www.propertyinvesting.com/topic/4400749-loc-verses-interest-only-with-offset/#post-4629214 Tue, 10 Aug 2010 05:13:05 +0000 Great advice thanks!!!

]]> 8e652f3f2cce9ece406b301c277acb59 sammmeee replied to the topic LOC verses Interest only with offset in the forum Finance https://www.propertyinvesting.com/topic/4400749-loc-verses-interest-only-with-offset/#post-4629212 Tue, 10 Aug 2010 01:21:20 +0000 Thanks Terry,

So when we redraw the deposit for the IP it cant be redrawn into our transaction account for even a few hours/day?? or is that ok

]]> ddfddb1c4ae4643d30e99762f773dbce sammmeee replied to the topic LOC verses Interest only with offset in the forum Finance https://www.propertyinvesting.com/topic/4400749-loc-verses-interest-only-with-offset/#post-4629210 Tue, 10 Aug 2010 00:55:09 +0000 I dont think i get it.

400k PPOR loan PI

then 80k loan IO – this loan has a seperate acc number but is attached to home loan as this is the security. We only pay interest on what we use similar to a LOC.

Why would making a deposit to the PPOR affect the IO account that has a completely different acc number?

]]> efdc46f2a4e40cd532f079e3268e4e70 sammmeee replied to the topic LOC verses Interest only with offset in the forum Finance https://www.propertyinvesting.com/topic/4400749-loc-verses-interest-only-with-offset/#post-4629208 Mon, 09 Aug 2010 17:49:57 +0000 I have a similiar question to this…If i have a standard variable acc with redraw facility and then attached an IO standard variable (for IP) and the way to access the funds for deposit for IP is redraw. Would this be ok for tax purposes?Would I have to get a separate account to where the redrawn money goes to for investment purposes..The bank…[Read more]

]]> 3fa42ebb4ffaff0c0034dd943d137770 sammmeee replied to the topic First IP finance set up in the forum Finance https://www.propertyinvesting.com/topic/4400695-first-ip-finance-set-up/#post-4628864 Tue, 03 Aug 2010 05:51:20 +0000 Ok,

No the broker definately said ANZ will only take 80% of the valuation as they feel the orignal mortgage needs the buffer in case we default..ie if valued at 100k they will only take it to be valued at 80k and then only give 80% LVR on the 80k…

Mind you, I might just talk to a different broker. He tried to dissuade me “from going into that…[Read more]

]]> 1a72be0b9a14d253fd0fb560c4d7599c sammmeee replied to the topic Best way to put in offers?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400730-best-way-to-put-in-offers/#post-4629126 Tue, 03 Aug 2010 05:43:40 +0000 Thanks for your advice,

Rang agent “hi I would like to put an offer on xxxx”

“Sorry thats already under offer…they put in the full asking price”

Doh!

]]> 87e9f6fc904a58a185ebfce1843b87e3 sammmeee replied to the topic First IP finance set up in the forum Finance https://www.propertyinvesting.com/topic/4400695-first-ip-finance-set-up/#post-4628862 Tue, 03 Aug 2010 04:44:17 +0000 Banker,
Spoke to an experienced former NAB banker now mortgage broker. He spoke to a few banks about deed of priority and was told they will value the house at 80% to give the first mortgage a buffer (ANZ) however commbank didnt want a bar of it at all. Does that sound right?

So it looks like i might just get a separate LOC with my good friends…[Read more]

]]> 3e2fb8822472ca4f07f6d4d2e6c8c310 sammmeee replied to the topic How to use Equity on my PPOR to fund IP with different lender in the forum Help Needed! https://www.propertyinvesting.com/topic/4400197-how-to-use-equity-on-my-ppor-to-fund-ip-with-different-lender/#post-4625806 Mon, 02 Aug 2010 04:58:53 +0000 Just wondering if you the IO loan with the offset with myrate?? or did you go elsewhere

]]> 0e58d843a1bc53fd174f3cb7a3e8b571 sammmeee replied to the topic Best way to put in offers?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400730-best-way-to-put-in-offers/#post-4629123 Mon, 02 Aug 2010 02:23:29 +0000 Thanks,

Here in perth there a lot of from xxx prices and i wasnt sure if this was to be taken seriously as it feels like a buyers market.

Do i tell the agent I want to put an offer in and then disclose price or best to tell him i want to put an offer in and only disclose in the offer contract?

]]> d3b63769386d7f70c91fa1bde37c8ec8 sammmeee replied to the topic First IP finance set up in the forum Finance https://www.propertyinvesting.com/topic/4400695-first-ip-finance-set-up/#post-4628859 Thu, 29 Jul 2010 23:46:08 +0000 Banker,
Does this then mean I have Cross-Collaterised my loans if the same bank has my deposit and IP loan? assuming I go the option of 2 mortgages on the PPOR.

]]> f6d503beabfb09ecad20865fbb078796 sammmeee replied to the topic First IP finance set up in the forum Finance https://www.propertyinvesting.com/topic/4400695-first-ip-finance-set-up/#post-4628858 Thu, 29 Jul 2010 04:19:14 +0000 Im in WA.

I would say that Myrate(ING) would be very slow in doing anything, but I guess this is the job for the broker??

Awesome advice that will hopefully save me 3500 and more importantly let me out of jail.

]]> ca2cbec93d02a954fdb126ee334d94a8 sammmeee replied to the topic First IP finance set up in the forum Finance https://www.propertyinvesting.com/topic/4400695-first-ip-finance-set-up/#post-4628853 Thu, 29 Jul 2010 03:38:38 +0000 Thanks Terry, Could I find out direct from ATO as Im tired of accountants that dont consider anything!!!!! The answer is always NO?

Thanks Banker,
Sounds complicated, is this something I could do through a broker or do I need to go direct?

sammmeee

]]> 0f03761793108aad69084d9569032702 sammmeee replied to the topic First IP finance set up in the forum Finance https://www.propertyinvesting.com/topic/4400695-first-ip-finance-set-up/#post-4628850 Thu, 29 Jul 2010 02:17:07 +0000 Ok, so if I set up an 80k interest only separate loan with our PPOR with MYRATE then go shopping for another bank for the rest.

So do you suggest I get the 80k now or should I get a broker out first and assume that I have the 80K…also would it then mean that this 80k will cost me another 5 years with MYRATE.. So once my original jail term is…[Read more]

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