PropertyInvesting.com | scott | Activity https://www.propertyinvesting.com/members/scott/activity/ Activity feed for scott. Sun, 12 Apr 2026 00:09:20 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 b590866ab4f1508c3a31fd2685a67fcc scott replied to the topic Virgin Investor - Finance & Line of Credits in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366537-virgin-investor-finance-line-of-credits/#post-4420024 Wed, 30 Jul 2003 04:01:01 +0000 ArchieZEN,
Tas is 100% right about going through a broker, a very close friend of mine was fairly high up in lending at CBA. His advice to me was go to a broker because they could do much more for me than anyone within the bank. He explained that this was due to banks as a whole trying to streamline thier lending sections by outsourcing to…[Read more]

]]> b113b2c9954446f48ca5e483d9922fc1 scott replied to the topic the good old days of PI in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366525-the-good-old-days-of-pi/#post-4419930 Thu, 24 Jul 2003 07:15:41 +0000 G’day R
There has to be a point where investors will stop buying in regional areas because the returns will not justify the purchase price. I’m guessing this point will be around 6%.

My feeling is that it will take an enormous change in invsetor attitude for the bubble in regional areas to burst, although the current over supply of rental…[Read more]

]]> 2b8f557694be0b6bcffe3ad4aa81f9a2 scott replied to the topic Buying a House with Dad! in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366385-buying-a-house-with-dad/#post-4419116 Sun, 20 Jul 2003 12:42:30 +0000 G’day
I’m buying IPs with my parents at the moment and we’re all confident that none of us will have dramas! Sure we clearly stated our aims and goals at the start, but this forced us to develope a plan early on. If the pair of you are close there should be no probs, just make sure you know where each of you stand before you start.

Kooringal, no…[Read more]

]]> ea017119d6bc01b5995304c58c2aee8e scott replied to the topic Migration patterns of a lemming... Sound familiar? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366463-migration-patterns-of-a-lemming-sound-familiar/#post-4419597 Sun, 20 Jul 2003 02:25:45 +0000 After reading other property forums and seeing unbeieveable things happening out in the field (eg: being in a car with an agent on the way to view a property, having someone ring up from in front of their computer, and after a 2-3 min conversation, put in an offer at asking price and asked for a contract. All this without even knowing the agent…[Read more]

]]> 18e8e9b768ec0022876dc19e805f616d scott replied to the topic Run, It's A Herd stampede !! in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366390-run-its-a-herd-stampede/page/2/#post-4419176 Thu, 17 Jul 2003 11:48:49 +0000 I can’t believe that all this excitement has been going on while I’ve been away(in a hick town of 68,000) buying houses.

While it is true that there is a stampede of investors driving up prices in rural towns, just because its the current investing fad, thus lowering % returns. There are still worthwhile purchases out there I found 4 over the 3…[Read more]

]]> baa97397f8b7bf9ae297e24b6c20734b scott replied to the topic Imagine in the forum No Subject https://www.propertyinvesting.com/topic/4366439-imagine/#post-4419427 Thu, 17 Jul 2003 10:23:38 +0000 Thanks JohnBoy,I’ve printed this out to put up on my wall!!![:D]

Cheers
Scott

“Aim for the stars and you’ll shoot the top of the telegraph pole. Aim for the top of the telegraph pole and you’ll shoot yourself in the foot!”
-anon

]]> 338a8a951967435e39f7e46c921e4369 scott replied to the topic bogus offers? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365640-bogus-offers/#post-4415235 Thu, 17 Jul 2003 09:47:50 +0000 Hi guys,
I’m pleased to say that I’ve benn lucky enough to find several honest agents in the area that I’m buying in. I’ve just returned from 3 days there and I’m happy to say that the only real tactic used, was applying a little pressure to get an offer on the table(the agent suggested the amount which was substansially lower than I was going to…[Read more]

]]> 2dca531363a03fa7318c591ce7fc7116 scott replied to the topic Tax Effective Debt Restructuring in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366337-tax-effective-debt-restructuring/#post-4418847 Tue, 08 Jul 2003 12:05:47 +0000 Hi,
From what I’ve been told you can spend drawn down funds on living without paying tax on that ammount. While the interest payments aren’t tax deductable, the money incurrs no tax because it is only borrowings not income. Not a bad ploy if you already own a neg geared high growth IP, and need some cashflow(so long as the growth far exceeds the…[Read more]

]]> 1d0dcfd086da154a34ae613f8b88b8ee scott replied to the topic Stuart from Guerrilla Real Estate in the forum No Subject https://www.propertyinvesting.com/topic/4366345-stuart-from-guerrilla-real-estate-2/#post-4418902 Tue, 08 Jul 2003 11:53:46 +0000 Hi Violeta,
I think your yery lucky to be spending time with Stu(I’m very jealous!!!)[;)]
It is something I intend to do ASAP, once I get over the hump that is confronting me at present!
His enthusiasm, confidence and knowledge(I could go on) are inspiring to someone like myself who is just starting out!

Cheers
Scott S

“THERE ARE NO PROBLEMS ONLY…[Read more]

]]> b5b6fa64269f9a2dd2098ef73cafad6b scott replied to the topic A rare breed indeed... in the forum No Subject https://www.propertyinvesting.com/topic/4366330-a-rare-breed-indeed/#post-4418800 Tue, 08 Jul 2003 11:38:48 +0000 Hi Guys,

*** LONG SENTIMENTAL POST WARNING ***[;)]
I used to believe that people predominantly had good intentions, and most were giving. My parents were both heavily involed in a major service organisation(and still are), and I thought all people were like them! As I grew up people went out of thier way to prove me wrong! I started to see that…[Read more]

]]> 15d32a545f5a6ada69c683d4f9061f2f scott replied to the topic Buying again in same block? in the forum No Subject https://www.propertyinvesting.com/topic/4366343-buying-again-in-same-block/#post-4418887 Tue, 08 Jul 2003 10:29:13 +0000 hi Dram,
Your probably the person who can best answer your question![;)] If you feel they are good units, are happy with the returns, vacancy rates, type of tennant they attract, etc. Go for it![:D]
My advice would be the same as David’s buy the whole block, buying one more is a step in that direction.
The only thing to watch is how your bank would…[Read more]

]]> 6357433ba38d4665c46cf61094856f04 scott replied to the topic Where are +ve cashflow properties? in the forum No Subject https://www.propertyinvesting.com/topic/4366344-where-are-ve-cashflow-properties/#post-4418889 Tue, 08 Jul 2003 10:19:29 +0000 Hi Keesha,
Positive cashflow properties are found in major regional centres around the country, you used to be able to find them on the outskirts of Sydney, but I’m afraid that’s not the case any more.
Usually these properties are at the lower end of the market, and often aren’t the ones advertised in the window of the agent. Granted they are…[Read more]

]]> 88ab03aea4ec3ec3bc2bd41b32729efa scott replied to the topic To hold or to sell in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366316-to-hold-or-to-sell/#post-4418704 Sun, 06 Jul 2003 02:51:09 +0000 Gday Marty,
If at the end of the day it’s increasing your overall income, which by the sound of it, it is I’d hang on to it. Broadbeach has no choice but to go forward and long term there are bound to be reasonable gains in the unit.
While I would never buy sometihing like this knowing what I know now, I almost did, had that been the case, I would…[Read more]

]]> 5f3c0d9c60492f5a648df2602840e84a scott replied to the topic Brisbane Suburb Watch in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366221-brisbane-suburb-watch/#post-4418189 Sat, 05 Jul 2003 05:49:49 +0000 Hi Mark I haven’t had a chance to thuroughly look into Mt Isa yet (which is silly ’cause my mother comes from there, and I have some good contacts in the place). As you’ve mentioned on another post, the MIM takeover is an issue to be watched. While it has good infrastructure any factors that affect the mines will have an effect on rental demand in…[Read more]

]]> 570d134601e730951dca129cccb1348b scott replied to the topic Rollcall.. what business / industry employs you? in the forum No Subject https://www.propertyinvesting.com/topic/4366310-rollcall-what-business-industry-employs-you/#post-4418676 Fri, 04 Jul 2003 12:07:28 +0000 You got in before me R! by the way I’m 28 I left that out[:I]! Sounds like a life style not a job R [;)]!!!
Seeya

“Aim for the stars and you’ll shoot the top of the telegraph pole. Aim for the top of the telegraph pole and you’ll shoot yourself in the foot!”
-anon

]]> 803985a06fc34ab6b3e58abfc0c24120 scott replied to the topic Rollcall.. what business / industry employs you? in the forum No Subject https://www.propertyinvesting.com/topic/4366310-rollcall-what-business-industry-employs-you/#post-4418675 Fri, 04 Jul 2003 12:05:13 +0000 Gday Kris,
I’ll start, I’m feeling brave tonight!
I’m a toolmaker by trade, that means I make plastic moulds and other similar stuff. (not rakes and shovels as some think!)
I sort of transgressed into plant maintainance and Breakdown maintainance about 6 years ago ’cause the money was better and I found it more interesting.
I went into business…[Read more]

]]> b9c01f6247e50d23da555b0c5ac57a16 scott replied to the topic Property Gurus ( Have a crack at this. ) in the forum No Subject https://www.propertyinvesting.com/topic/4366294-property-gurus-have-a-crack-at-this/#post-4418616 Fri, 04 Jul 2003 11:46:34 +0000 The invitation is open to anyone (I might regret this!!! [B)]) I know I’m being kryptic, But if you email me, with your details and ask for advice I’ll help anyone who’s willing to help themselves. I’m not offering a free ride or some magic formula though! I’m just a beginner too!!! But I will steer you in the right direction. Who knows you might…[Read more]

]]> 7e6ec06df653476b69b109fd3617d2fb scott replied to the topic Property Gurus ( Have a crack at this. ) in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366294-property-gurus-have-a-crack-at-this/#post-4418614 Fri, 04 Jul 2003 10:49:57 +0000 Drewboy, get on realestate.com.au, You’ll find heaps!
Hint Look in LARGE regional centres, and talk to agents, these properties are not nessesarily the ones that they advertise!
If you want a hand I’ll point you in the right direction. Email me it’s in a number of places on this forum(You’ve got to do some ground work![;)])

Cheers
Scott S

P.S.…[Read more]

]]> ecea0cd17a54f112b08d582c1066e7b0 scott replied to the topic Should I get out of the deal ? in the forum No Subject https://www.propertyinvesting.com/topic/4366241-should-i-get-out-of-the-deal/#post-4418317 Fri, 04 Jul 2003 10:37:51 +0000 Hi 6×1,
If you can find a house greater than 3 years old in QLD without termite activity around it your doing well! The fact that there was no evidence of activity in the house is a good sign!
A recommendation for an invasive inspection guards the inspector against possible littigation in the case of an undetectable infestation. It also provides…[Read more]

]]> 62769031178fece4ca679adf6af6e7ed scott replied to the topic Units/Apartments in High Rises in the forum No Subject https://www.propertyinvesting.com/topic/4366302-unitsapartments-in-high-rises/#post-4418639 Fri, 04 Jul 2003 10:15:27 +0000 Hi AlanaW,
The main problam with hirise units is a lack of rental demand, due to an over supply of this type of accomodation!
There are more units being built and many more investors buying than tennants to lease these properties. So as a result they will be hard to lease and get lower than predicted returns. This causes thier capital growth to…[Read more]

]]> fb193ee28deae70449f6ca101ac9b48a scott replied to the topic Will a LOC allow me to cease work for 6 months? in the forum No Subject https://www.propertyinvesting.com/topic/4366281-will-a-loc-allow-me-to-cease-work-for-6-months/#post-4418533 Fri, 04 Jul 2003 09:54:07 +0000 Hi guys,
The advice that I got (I’m not willing to disclose where, but he may have spoken at Steves seminar), was to quit work! My current paysilps aned letter should be good for 6 MONTHS, BY THAT TIME i SHOULD HAVE DONE ENOUGH TO SUPPORT ANY FURTHER LOAN APPS!(sorry hit caps lock somewhere there) If you can guess who you will understand where he…[Read more]

]]> 9737dd5ce135003e705d9a9146de150b scott replied to the topic Cost of Building a Unit??? in the forum No Subject https://www.propertyinvesting.com/topic/4366275-cost-of-building-a-unit/#post-4418506 Fri, 04 Jul 2003 09:37:15 +0000 Gday Slippy,
sounds awfully expensive, I’ve just been out pricing spec homes and an upmarket one works out at around 100k for 18-20 squares. Thats brick veneer and good inclusions so, 10-12k per square sounds really pricey!!!(my price is around $5,300 per square)
For weather boards on stumps you should be able to do it cheaper again! Don’t be…[Read more]

]]> f2a266ec29b80ba3c0708ffb40a2c691 scott replied to the topic Distributing Trust Income in the forum No Subject https://www.propertyinvesting.com/topic/4366280-distributing-trust-income/#post-4418522 Fri, 04 Jul 2003 09:13:23 +0000 Thanx Stu, answers my question!

Take care
Scott

“Aim for the stars and you’ll shoot the top of the telegraph pole. Aim for the top of the telegraph pole and you’ll shoot yourself in the foot!”
-anon

]]> b8c9208deb6e0de9ae6c48229301a0fd scott replied to the topic Distributing Trust Income in the forum No Subject https://www.propertyinvesting.com/topic/4366280-distributing-trust-income/#post-4418521 Fri, 04 Jul 2003 09:09:52 +0000 Hi Tas Investor,
We’re out here and we’re waiting too![;)]
I’d Like to hear about this too, as we’re just forming a trust now and this sort of info would help us too.
We would like to keep profits in the trust and use them to reduce the trustee’s debts.
Cheers,

Scott

“Aim for the stars and you’ll shoot the top of the telegraph pole. Aim for the…[Read more]

]]> f09ae81e7815e75585ac8d197aafea84 scott replied to the topic Brisbane Suburb Watch in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366221-brisbane-suburb-watch/#post-4418187 Fri, 04 Jul 2003 08:58:17 +0000 Hi Bris scouting,
My team starts as far south as Melbourne and goes as far north as Mt Isa, so don’t let proximity limit your choices![;)]
The net and phone/fax, express post, make it like your next door anyway![8D]

Cheers,
Scott S

“Aim for the stars and you’ll shoot the top of the telegraph pole. Aim for the top of the telegraph pole and you’ll…[Read more]

]]> 0fcfb0cb6db960111129164a9bd4acfb scott replied to the topic Brisbane Suburb Watch in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366221-brisbane-suburb-watch/#post-4418186 Fri, 04 Jul 2003 08:48:47 +0000 Hi J P and hwd,
I agree 110% about the high rise thing. But for slightly different reasons!
While land is not nessesarily an apprecitating asset, when it is in demand (and generally it is) it will appreciate, but if no one wants to live in the area (Boggabilla for example), it will deprecitate. (55% over 5 years infact). Accomodation is also an…[Read more]

]]> 4f7f150843ca9122877be51a7bf8bb41 scott replied to the topic Tax Question depreciation on fittings in the forum No Subject https://www.propertyinvesting.com/topic/4366305-tax-question-depreciation-on-fittings/#post-4418657 Fri, 04 Jul 2003 08:12:55 +0000 Hi Dram,
Your 100% right, depreciation (as far as I’ve been advised), starts from the day of purchase. So if you bought on the 30th, you would only get 1 days depreciation for last year! If you had a maintainance expense on the 30th, it would be fully claimable. Don’t try to claim the A/C as maint exp, cause thats exactly the sort of thing the ATO…[Read more]

]]> 2175c8e5a14d837063d056a07daecffe scott replied to the topic IP - Is Brisbane the land of Opportunity? in the forum No Subject https://www.propertyinvesting.com/topic/4366261-ip-is-brisbane-the-land-of-opportunity/#post-4418421 Thu, 03 Jul 2003 11:25:16 +0000 Here! Here! Drewboy,
I couldn’t agree more but it’s all around Brisbane. Ipswich is seeing the same thing(although the climate is not as nice), and down south between Bris and the Gold Coast, too!
Personally my choice (to live anyway) would be the Sunshine Coast.
Capital gains are all about supply and demand, as Drewboy has said there is a scant…[Read more]

]]> a83ee771ec98655ff422755f9459a2da scott replied to the topic Newbie question - Should I be looking at IPs in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366290-newbie-question-should-i-be-looking-at-ips/#post-4418592 Thu, 03 Jul 2003 11:16:21 +0000 Hi jacy_m,
Your in the right place, what you want is positive cashflow properties. While these may not see the capital gains that some inner city properties have seen, they will pay for themselves and leave money in your pocket![8D]
Any property with returns higher than about 8% will actually add to your income thus increasing your borrowing…[Read more]

]]> 3c65ae270f61787bfe1bc06e36dcbe56 scott replied to the topic Investment advice in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366288-investment-advice/#post-4418578 Thu, 03 Jul 2003 07:27:26 +0000 G’day hwd,
Ive noticed you mention a negatively geared property turning positive after a few years a couple of times now, I don’t understand how this could happen, unless maybe you’ve paid a heap more than normal off and maybe refinance to a lower ammount over a greater period of time.
I’m pretty green too, and this is an area that I really…[Read more]

]]> 99f5b2805eddd4508a926f61540ae888 scott replied to the topic IP-Brisbane mkt in the forum No Subject https://www.propertyinvesting.com/topic/4366273-ip-brisbane-mkt/#post-4418499 Thu, 03 Jul 2003 07:06:31 +0000 Thanks Spider,
That’s a very good piece of advice, definately worth remembering [:D]

Scott

“Aim for the stars and you’ll shoot the top of the telegraph pole. Aim for the top of the telegraph pole and you’ll shoot yourself in the foot!”
-anon

]]> 173db3cfa526a1f41fef48dc2ca49ab9 scott replied to the topic My Scenario! Help....I'm sinking in confusion in the forum No Subject https://www.propertyinvesting.com/topic/4366271-my-scenario-help-im-sinking-in-confusion/#post-4418489 Thu, 03 Jul 2003 06:39:52 +0000 Hi Brad,
You can buy the property and rent it out straight away as along as you intend to use it as your PPOR within a specified period of time (1 year I think). The lenght of time that you must live in it is a grey area, it isn’t specified. I’ve heard of people staying in a place while the fix it up, over a couple of weeks, claiming this as their…[Read more]

]]> 86b42c6ec66ac04ecfcc6abeb61443f1 scott replied to the topic My Scenario! Help....I'm sinking in confusion in the forum No Subject https://www.propertyinvesting.com/topic/4366271-my-scenario-help-im-sinking-in-confusion/#post-4418484 Wed, 02 Jul 2003 11:12:20 +0000 Gday Brad,
A letter from your father, and some supporting documentaion if possible would help to show your ability to service a loan, although it looks by the numbers as though it would pertty well take care of itself!
I’m unsure of the laws surrounding trusts, but you might want to look into forming a discretionary trust, where both you and your…[Read more]

]]> 0ab8b21e9b1c6a85c3e5f6d7cf50b218 scott replied to the topic National Investment Institute ( NII ) in the forum No Subject https://www.propertyinvesting.com/topic/4366270-national-investment-institute-nii/#post-4418475 Wed, 02 Jul 2003 10:52:05 +0000 G’day APIM,
My turn now!
I couldn’t agree more! People want to be told how to get rich, and they will pay extortionate amounts to find this info out, yet they are unwilling to do the little things (mostly free) to make them rich!
The reason that I’m a little quiet about where I source my deals, is that I feel I’m doing a person no favours by…[Read more]

]]> cc7bfd0b8cce437124da2f80aaf7c232 scott replied to the topic PI.com Roll Call in the forum No Subject https://www.propertyinvesting.com/topic/4366097-pi-com-roll-call/page/3/#post-4417558 Tue, 01 Jul 2003 11:24:07 +0000 Hi Gav,
It’s good to see you’ve started on the journey. I was in a similar situation to you until I found this site in January this year,broke and in my comfort zone(although not too comfortable!).
Then after 3 months of research and procrastination I bought my first IP (actually I bought 2).
There are plenty of people here to hold your hand, and…[Read more]

]]> b88b923d7794ab1eea1bae3d26ab1abd scott replied to the topic Seminars - Tax Deduction? in the forum No Subject https://www.propertyinvesting.com/topic/4366239-seminars-tax-deduction/#post-4418306 Tue, 01 Jul 2003 10:15:10 +0000 Stu,
You know my situation better than most. Can expenses related to the purchase of IPs that will settle in the new financial year(with a bit of luck) still be tax deductable, this year?
Or should they just be added to the cost base of the properties. The other thing is the name on the invoice important (the IP’s are in mums name, some invoices…[Read more]

]]> c11c544ac0c4efde5c5da72967b493d0 scott replied to the topic How does equity work? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366256-how-does-equity-work/#post-4418405 Tue, 01 Jul 2003 09:18:22 +0000 Hi,
The will be cracking down on claiming this as a deduction, as well as other aspects of IP related claims.
This borrowed money is tax free, because it is borrowings not income, but interest payable on that portion of your loan is
NOT TAX DEDUCTABLE.
This method is usfull use when things are tight and an IP is seeing high capital growth. It…[Read more]

]]> 8f8b967137b2cfbd3f34c23ca9288c1a scott replied to the topic Site Contamination. in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366262-site-contamination/#post-4418423 Tue, 01 Jul 2003 08:56:41 +0000 If it was properly contained it shouldn’t pose too much of a problem(Sounds like a negotiation tool to me!). But if not properly contained, it could be a serious litigation risk.
Regardless I wouldn’t go building a 3br house with nice yard on it![;)] Units should be ok.

Cheers,
Scott S

“Aim for the stars and you’ll shoot the top of the telegraph…[Read more]

]]> 469198a758edfd96442567ff44203107 scott replied to the topic IP - Is Brisbane the land of Opportunity? in the forum No Subject https://www.propertyinvesting.com/topic/4366261-ip-is-brisbane-the-land-of-opportunity/#post-4418419 Tue, 01 Jul 2003 08:39:41 +0000 Brad,
It really depends what you want out of your investment. Yes the market in Bris is definately cooling down a little, outlying suburbs are still pretty strong, the rental returns are fairly low, compared to purchase prices, but cap gains are still good. Stay away from CBD units and be cautious about other units townhouses. houses are pretty…[Read more]

]]> a60f01074a529213d626eb4c1c46d2ed scott replied to the topic Skyrocketing Debt in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366254-skyrocketing-debt/#post-4418398 Tue, 01 Jul 2003 08:20:40 +0000 Hi all
Those who have bought in docklands and similar CBD appartment developments in Brisbane and Sydney to a lesser extent, will be in for a rough ride in the near future, in my opinion.
While this may lower median house prices, I don’t feel that it will affect other sectors of the market too much especially on the cheaper end of the house…[Read more]

]]> e06d216b2addaa7650f35be94aa47b6f scott replied to the topic here goes in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366247-here-goes/#post-4418371 Mon, 30 Jun 2003 11:50:56 +0000 Hey Alex,
Congratulations, the frist step is the hardest![8D]
Odds are nothing will go to plan and there will be times when you wonder if it’s all worth while. Believe me it is![;)]
My advice is when something goes wrong, get pro active and make it work! Don’t take no for an answer![}:)]

Good luck!
Scott S

P.S. Get a good solicitor this will make…[Read more]

]]> 49a5b4b3c58aff7c47836f82a14bd601 scott replied to the topic Seminars - Tax Deduction? in the forum No Subject https://www.propertyinvesting.com/topic/4366239-seminars-tax-deduction/#post-4418299 Mon, 30 Jun 2003 11:42:49 +0000 I’m in a simmilar situation, ie don’t own an IP yet but have spent large amounts on seminars, travel and accomodation, learning about and finding the IPs I’m currently purchasing. The amounts are not tax deductable from income as such, but I’ll definatly check out adding them to the cost base of the properties we’re buying to reduce the effects of…[Read more]

]]> e51b9158245fa0930ac609c166bba081 scott replied to the topic To Jump in Head First or Only Feet First? in the forum No Subject https://www.propertyinvesting.com/topic/4366246-to-jump-in-head-first-or-only-feet-first/#post-4418366 Mon, 30 Jun 2003 11:30:29 +0000 G’day Justin,
I jumped in with both feet and haven’t regretted a minute of it! (well maybe one or two[;)])
I purchased 2 IPs and am yet to settle but its been a valuable learing tool.
I don’t think buying 2 has made me learn any faster but I’m twice as far ahead for it.
If you can afford the worst case senario (probably paying back two vacant…[Read more]

]]> 247098d7daa318c8ef7946d0f278532b scott replied to the topic Best Financing Options - Money Saving Ideas etc.. in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366220-best-financing-options-money-saving-ideas-etc/#post-4418165 Mon, 30 Jun 2003 11:07:10 +0000 Making my own lunches is saving me about $335 a month, that allows for the cost of the food that I take from home.
I also agree totally with Stephanie shopping just before close is a beauty, there are many bargains to be had.[;)]

Cheers,
Scott S

“Aim for the stars and you’ll shoot the top of the telegraph pole. Aim for the top of the telegraph…[Read more]

]]> 306745fd1bcec38d2f4dbb9ca2d7807e scott replied to the topic Skyrocketing Debt in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366254-skyrocketing-debt/#post-4418395 Mon, 30 Jun 2003 10:56:44 +0000 Gday,
It’s not mentioned in this article but servicability is becoming a problem among borrowers in Australia because most of this debt is being used to fund lifestyle rather than wealth building assets.
I too had fallen into this trap, but fortunatly woke up before it was too late![:I]
Now one of my goals is to reduce my personal debt by at least…[Read more]

]]> d12564092f98f45ee8eb26454993a4a4 scott replied to the topic trip to queensland from melbourne in the forum No Subject https://www.propertyinvesting.com/topic/4366233-trip-to-queensland-from-melbourne/#post-4418271 Sun, 29 Jun 2003 09:14:56 +0000 Hi guys,
No probs with insurance Dave,both my places were insured no worries as soon as I signed the contracts. I actually checked out insurance on a place that I know does get wet, and they would still insure it (although at a slightly higher rate).
It’s not so much secrecy Essykay, but I found that half the learning was in finding the places…[Read more]

]]> c394756c8665811ca9e3e7c3cf5bc35c scott replied to the topic EDESTINY............Should I or Shouldn't I? in the forum No Subject https://www.propertyinvesting.com/topic/4366231-edestiny-should-i-or-shouldnt-i/#post-4418245 Sat, 28 Jun 2003 10:51:29 +0000 Hi Guys,
Gavalynn, just come here for honest advice we’re not all experts (especially me[:I]) But theres a lot to be learnt here, no need to be a financial member, I don’t think there is such an animal.
Buy some of Steve’s stuff if you want a bit more education “Property secrets revealed” is actually the notes and a recording of one of his seminars…[Read more]

]]> 5ff85a6f36c5e4213a4a3173f4143a00 scott replied to the topic Can an offer be "subject to my inspection"? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366223-can-an-offer-be-subject-to-my-inspection/#post-4418203 Sat, 28 Jun 2003 09:32:52 +0000 P.S. I added heaps of terms and conditions as a trade off to paying the full price. They included, 3 month settlement, $500 deposit, rental records to my satisfaction, and acess to renovate before settlement. these were on top of the standard clauses, finance, building and pest etc.

“Aim for the stars and you’ll shoot the top of the telegraph…[Read more]

]]> c4536e27ff028bc72f56fc5f40128a4d scott replied to the topic Can an offer be "subject to my inspection"? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366223-can-an-offer-be-subject-to-my-inspection/#post-4418202 Sat, 28 Jun 2003 09:24:20 +0000 Hi Lizzie,
When I put in the offer on one of the places that I am buying, I went in 10K below the asking price(it needed 10K’s worth of work), the vendor refused the offer, saying that he had allowed for that in the price and wanted his full asking price, I paid it because doing the sums it still added up. Don’t miss out on a good deal over pride,…[Read more]

]]> e0b1766637e502a21ca9d2a231d6af3a scott replied to the topic trip to queensland from melbourne in the forum No Subject https://www.propertyinvesting.com/topic/4366233-trip-to-queensland-from-melbourne/#post-4418260 Sat, 28 Jun 2003 09:07:33 +0000 G’day R
I had that same feeling, I actually wish i was there about 8 months ago, nothing was happening and things that go for 80 – 100K pretty much straight away, were going for 50 – 60K and sitting around on agents books. I’m just glad I got in when I did.
As soon as the two I’m buying now settle I’ll be back up there to buy a couple more!…[Read more]

]]>