PropertyInvesting.com | Scottybe | Activity https://www.propertyinvesting.com/members/scottybe/activity/ Activity feed for Scottybe. Sat, 11 Apr 2026 15:00:02 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 5f5b320924418bbc04e8cb923d87ed1c Scottybe replied to the topic What to do? Structure. in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4392398-what-to-do-structure/#post-4583163 Mon, 17 Mar 2008 23:17:00 +0000 Jenelle,Thanks for that info, this is pretty much what we are doing atm.We have set up a split on our portfolio and negotiated a drop in acct fees and fixed some of our loans.Thanks all for your input.What do people think of interest rate situation? I think it's top of the cycle for now.

]]> 28b8e08ae8e80f1affa9f2f358d4c6a1 Scottybe replied to the topic What to do? Structure. in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4392398-what-to-do-structure/#post-4583158 Mon, 03 Mar 2008 05:21:35 +0000 Yeah lucky, we made this mistake as we used our everyday LOC for deposits. This makes it near impossible for an accountant to differentiate between daily expenses and investment related ones. Our pays went in as well as rent and all expenses come out . If you have an LOC used for investment purposes only, this is the way to go.

]]> f8d1d5100fe5147f3a71e54fd5d96fbe Scottybe replied to the topic What to do? Structure. in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4392398-what-to-do-structure/#post-4583154 Sun, 02 Mar 2008 00:42:14 +0000 Thanks Rich and Mike,You are both right in thinking we need structure in both finance and property ownership, but as Richard pointed out we certainly wouldn't go to the expense of transferring our current properties. What we are wanting is to set in place the correct structures for future purchases and acquisitions.Is it ethical/logical to have…[Read more]

]]> 65610f1d4a0126e90dbf5b7d5abbb9cb Scottybe replied to the topic What to do? Structure. in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4392398-what-to-do-structure/#post-4583150 Mon, 25 Feb 2008 13:25:03 +0000 Richard, that is correct. We are looking at refinancing to separate this mess, but at the time we knew no different.We are wondering what the best structure is for our situation at the moment.Thanks.

]]> 327bc6e4e76cc8a834c2fac25e4c79aa Scottybe replied to the topic What to do? Structure. in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4392398-what-to-do-structure/#post-4583148 Wed, 20 Feb 2008 11:46:07 +0000 I should point out that we will be building units, and selling two to keep one.

]]> 0461ee167777cc1974d566c3fd309bc1 Scottybe replied to the topic Claiming interest on refinancing in the forum Thanks Terry. https://www.propertyinvesting.com/topic/4391041-claiming-interest-on-refinancing/#post-4575402 Wed, 10 Oct 2007 10:27:38 +0000 Thanks Terry.

]]> 0e13a4c6cab00336d716daa0396b5152 Scottybe replied to the topic Claiming interest on refinancing in the forum Finance https://www.propertyinvesting.com/topic/4391041-claiming-interest-on-refinancing/#post-4575400 Wed, 10 Oct 2007 08:16:47 +0000 I would just like to make it clear that i am not intending to rip off the tax department. I wanted to know this information to put end to a discussion which i was told this is possible legally, and i disagreed! So what you are telling me is that i am right in thinking this is not possible without risking tax audit trouble!Thanks all for your input.

]]> 398cd82322dfda1264f8846c01390787 Scottybe replied to the topic Claiming interest on refinancing in the forum Finance https://www.propertyinvesting.com/topic/4391041-claiming-interest-on-refinancing/#post-4575397 Mon, 08 Oct 2007 14:07:12 +0000 No Terry thats not what i mean at all, i realise this happens all the time. What i am asking, can someone refinance investment property and use the extra money for non investment lifestyle type purchases. E.G a pool for their ppor or a holiday to Greece etc? AND still claim all interest on tax? How would the coffers know what the money was being…[Read more]

]]> 969f2d7cf437a016e50783bed08959fa Scottybe replied to the topic Claiming interest on refinancing in the forum Finance https://www.propertyinvesting.com/topic/4391041-claiming-interest-on-refinancing/#post-4575395 Mon, 08 Oct 2007 10:25:32 +0000 Terry,How could this legally work if at all? I am led to believe it's a loophole!Cheers.

]]> 84584e693f2ca8d69af94d8d3cf5ba47 Scottybe replied to the topic Claiming interest on refinancing in the forum Finance https://www.propertyinvesting.com/topic/4391041-claiming-interest-on-refinancing/#post-4575393 Sun, 07 Oct 2007 10:03:56 +0000 Thanks propertypower, i thought this might be the case.Does anyone else have anything to add? Any other thoughts on this topic?

]]> 2d0cdcd9ee04f2ff04c1d0f8b0feeec5 Scottybe replied to the topic Claiming interest on refinancing in the forum Finance https://www.propertyinvesting.com/topic/4391041-claiming-interest-on-refinancing/#post-4575392 Sun, 07 Oct 2007 10:03:00 +0000 Is there any way that the ATO can track how you spent the re-drawn equity? 

]]> e4d8e740b6c63199ab56c743f18b13c5 Scottybe replied to the topic Which software is king?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4390940-which-software-is-king/#post-4574784 Mon, 01 Oct 2007 02:18:44 +0000 How do you mean excel Terry, is this your own calculations using excel, or is there software called excel for property calculations.

]]> 7ddb136f1312f3b092712f4398f75b02 Scottybe replied to the topic Which software is king?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4390940-which-software-is-king/#post-4574781 Sun, 30 Sep 2007 14:13:34 +0000 cmon guys, surely someone has an opinion?

]]> 90ed8cca0e0ba3c2bd61fa13ade4c06b Scottybe replied to the topic Working the figures in the forum Help Needed! https://www.propertyinvesting.com/topic/4390751-working-the-figures/#post-4573976 Tue, 11 Sep 2007 14:43:00 +0000 Thanks for that Mareea. I do refer to the ATO site for that info. It's quite handy.Cheers.

]]> 72a669936ae959945fa4d77874588d2a Scottybe replied to the topic Working the figures in the forum Help Needed! https://www.propertyinvesting.com/topic/4390751-working-the-figures/#post-4573972 Tue, 11 Sep 2007 01:34:47 +0000 Yeah, that was my post.I am still not quite getting it. Silly i know. I adjusted/changed the figures a bit from what they were.Another silly question, is depreciation income or expense? It could be viewed as either!Another thing i have just thought of ,  how are I/O repayments calculated into the equation?I can follow your example, but when it…[Read more]

]]> 7667cd2e873df05a5fec3532e8b7d53e Scottybe replied to the topic True return on interest and depreciation. in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4390732-true-return-on-interest-and-depreciation/#post-4573885 Mon, 10 Sep 2007 03:19:50 +0000 I am a bit confused how you deal with Depreciation and Tax when working this out??Here are the updated figures. COSTS Rates $900/ yrManagement $2080 10% of rentInterest $21,000 assuming a loan of 300k @ 7%Insurance $1300/ yrTOTAL = $25280  INCOME Rent $20,800 Assuming $400/wk @ 52 wksDepreciation $8000 1st yr assuming…[Read more]

]]> 86a609f3f0de6ae6bf5ffa0913c466c3 Scottybe replied to the topic What type of vehicle do you have ?? in the forum We have/need 2 cars, one is https://www.propertyinvesting.com/topic/4381491-what-type-of-vehicle-do-you-have/page/12/#post-4524880 Sun, 09 Sep 2007 01:38:40 +0000 We have/need 2 cars, one is a Mits Mirage. (runs on oily rag)The other is a 93 RS liberty turbo. (the original WRX) Eats oily rags for breakfast, and then drinks BP ultimate for seconds. But i love to drive, so to me this in itself justifies the expense.We did have an 02 STI for a year or so,  it stopped us from investing for a while, so it had to go.

]]> a18b144f3089d2be5cbde6072b5c4c58 Scottybe replied to the topic True return on interest and depreciation. in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4390732-true-return-on-interest-and-depreciation/#post-4573883 Sun, 09 Sep 2007 01:15:57 +0000 Thank you L.A Aussie,Rates will be about $900Management i put at 10% or $2080Maint – well a new property, i prob wont include.So not far off.What if the property is in a very well set up trust? I know little about these!Thanks, very comprehensive.

]]> c7e445c97c49162283cfa89784f9a3cf Scottybe replied to the topic Commercial help needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4388903-commercial-help-needed/#post-4564300 Mon, 19 Mar 2007 14:20:40 +0000 Dazzling,

I wondered if that would be the case! Thanks.

]]> a37d6172a3c3a55b72e2d9410bec45d2 Scottybe replied to the topic Commercial help needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4388903-commercial-help-needed/#post-4564297 Sun, 18 Mar 2007 15:32:18 +0000 Thanks LA. I will consider it. I would actually be applying to the bank that has the lease for that loan, interesting!
Michelle, as i understand the 7/5/5/5 lease means the tenant must keep the lease agreement for the first 7 years, but then can choose to either renew or not for the next 5 and so on. Once the 3 periods of 5 are up a new lease…[Read more]

]]> fa7dcfa21c20d947f81516c7dfa5e838 Scottybe replied to the topic Commercial help needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4388903-commercial-help-needed/#post-4564294 Sat, 17 Mar 2007 09:53:44 +0000 It’s actually a large bank, so i am not worried they will bust.
What i am concerned about is that the property will go for much more than it’s value due to the C/F being so good. And i don’t have the spare cash to have a large deposit? I really need 100% finance. We do have some equity but not heaps.

Thanks.

]]> 35901a9c2ddbd90edbd668a7b9631848 Scottybe replied to the topic Mount Isa in the forum No Subject https://www.propertyinvesting.com/topic/4381791-mount-isa/#post-4526928 Mon, 22 Aug 2005 06:33:00 +0000 I see your point, but there seems to be many pos geared props still around, and the rental demand is strong.Also industry is booming and theres a new large company in town.
Rents are rediculously high tho, but apparently the average b4 tax is 100k. Hmm Curious!

]]> 17be0cf12fa569dbb7ab66ab0c7d15b9 Scottybe replied to the topic advice needed please in the forum Help Needed! https://www.propertyinvesting.com/topic/4380429-advice-needed-please-3/#post-4517637 Wed, 25 May 2005 07:06:55 +0000 Thanks all, i feel better about this one now.
What sort of lvr would most lenders loan on this sort of thing?

]]> 606549dc0efe7f26607c301b29e447ec Scottybe replied to the topic our first investment. opinions please! in the forum Help Needed! https://www.propertyinvesting.com/topic/4380185-our-first-investment-opinions-please/#post-4515671 Tue, 10 May 2005 13:22:58 +0000 Yes i think i am happy, even though it will be slightly neg geared for at least the first year.
It is only just under 40 m2.
Thanks for the replies though, feedback is good.

]]> c3045d7752fe16bd04d23d21bf257606 Scottybe replied to the topic our first investment. opinions please! in the forum Help Needed! https://www.propertyinvesting.com/topic/4380185-our-first-investment-opinions-please/#post-4515667 Tue, 10 May 2005 11:34:18 +0000 c’mon people, i value your opinions

]]> d71acda483992187acd44e96c75adea6 Scottybe replied to the topic Developing finance in the forum Value Adding https://www.propertyinvesting.com/topic/4379743-developing-finance/#post-4512619 Tue, 19 Apr 2005 03:50:09 +0000 Coopst, i am in the same boat and wondering too.
Surely there is a way to get the builder to cover the cost until completion. I have thought maybee if you offer a bonus to them to do this until completion, say three grand per unit, surely this would be cheaper than interest payable?
Anyone else overcome this situation??

]]> 79c4904ccb7d5eaea06b0a1d95e1fb9f Scottybe replied to the topic strategies for the future in the forum General Property https://www.propertyinvesting.com/topic/4379763-strategies-for-the-future/#post-4512737 Tue, 19 Apr 2005 03:31:28 +0000 Thanks Derek,
Look I just want to fasttrack my learning in any way possible with property investment, i have no set strategy or format. Whatever it be from developement, to renno, or pos gearing, whatever i want to learn more about it. At the moment I have a block which is intended for units, but I still look for quick cash deals as i have a bit…[Read more]

]]> 15d08a5edf0ba0051b8422f2743516e3 Scottybe replied to the topic First subdivide, need help. in the forum Value Adding https://www.propertyinvesting.com/topic/4379750-first-subdivide-need-help/#post-4512663 Mon, 18 Apr 2005 02:47:29 +0000 Thanks g7,
Firstly i know they are able to be cut into 3, but i am concerned about the costs involved in doin this, and then what profit margin that will leave.
Secondly, i am not experienced in doing costings, this also concerns me, where can i learn how to do this properly?

]]> ed04f45de84400f777feb67ca0b962ff Scottybe replied to the topic finance options for developement in the forum No Subject https://www.propertyinvesting.com/topic/4375943-finance-options-for-developement/#post-4489486 Tue, 14 Sep 2004 04:32:54 +0000 Thanks people for all your advice.

Who could i get to cost up a project like this one? and what sort of cost would be involved?

Cheers[biggrin]

]]> ca2f4873ff807b335b3cd57ab63cfd49 Scottybe replied to the topic property/finance advice in the forum Finance https://www.propertyinvesting.com/topic/4375961-propertyfinance-advice/#post-4489642 Fri, 10 Sep 2004 05:20:54 +0000 Thanks guys,
I want to use a qualified professional, but where do i look.
As for family recommendations, my family don’t get into the whole property thing so thats out.

What i want is someone totally in tune with property investing. anyone got any recommendations?

]]> 649b0d5a0f4556a336e41c7dc42cad64 Scottybe replied to the topic finance options for developement in the forum Value Adding https://www.propertyinvesting.com/topic/4375943-finance-options-for-developement/#post-4489482 Thu, 09 Sep 2004 05:13:21 +0000 Thanks terry, i may contact you when the time comes.
Do you think you could provide this type of finance?

]]> 8d290af555e2c8d00aa2a2393e58e0ce Scottybe replied to the topic lost in a sea of confusion. heeelp! in the forum No Subject https://www.propertyinvesting.com/topic/4375876-lost-in-a-sea-of-confusion-heeelp/#post-4489083 Tue, 07 Sep 2004 02:52:09 +0000 Thanks again everyone for your support, its good to hear.

]]> 236ff5cbe1e1c55f5e2f2382ab910d75 Scottybe replied to the topic South Australian investors in the forum Help Needed! https://www.propertyinvesting.com/topic/4370764-south-australian-investors/#post-4450700 Mon, 06 Sep 2004 15:25:32 +0000 I’m in the Barossa, but alas am also green around the gill’s.
But check out Pt Pirie HTSA revamp. May have flooded rental market though.[cigar]

]]> 3ccfd9124ee0527378eb85d01c2cd73b Scottybe replied to the topic lost in a sea of confusion. heeelp! in the forum Help Needed! https://www.propertyinvesting.com/topic/4375876-lost-in-a-sea-of-confusion-heeelp/#post-4489080 Mon, 06 Sep 2004 15:08:33 +0000 Thanks guys for your encouraging words, it’s good to hear something positive.[biggrin]

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