PropertyInvesting.com | Shane13 | Activity https://www.propertyinvesting.com/members/shane13/activity/ Activity feed for Shane13. Mon, 13 Apr 2026 13:56:54 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 b760fb0f3b39707e5e94fafafcd4421f Shane13 replied to the topic Finance for construction of 6 townhouses in the forum Finance https://www.propertyinvesting.com/topic/4994626-finance-for-construction-of-6-townhouses/#post-4994645 Mon, 15 Sep 2014 22:38:49 +0000 Hi Wilko & Ballerina,

I am buying 2 blocks of land side by side and they will be combined to fit the 6 Townhouses. Land Registration will be in approx 2-3 months and the plans are already in council. Construction should commence around the same time as registration.
This project is not a typical one where i am project managing. I am purely…[Read more]

]]> 79c786a1b9657e4c3a25022d1ce187df Shane13 replied to the topic Finance for construction of 6 townhouses in the forum Finance https://www.propertyinvesting.com/topic/4994626-finance-for-construction-of-6-townhouses/#post-4994633 Mon, 15 Sep 2014 11:30:49 +0000 Thanks Richard.

Just to clarify. Is the LVR based on valuation or land + tender?
If valuation stacks up at say $2m but we only require $1.7m to complete could we borrow against the $2m value?

]]> 8ee80bf53693cae2f58264535c29b14c Shane13 replied to the topic Finance for construction of 6 townhouses in the forum Finance https://www.propertyinvesting.com/topic/4994626-finance-for-construction-of-6-townhouses/#post-4994630 Mon, 15 Sep 2014 09:49:44 +0000 Hi Corey,

They will be sold off the plan but wont’t settle until after completion.
Yes this will be the first development. I will be doing this with a friend and we both own properties and are in a good financial position.

Thanks for your feedback.

]]> 76f2920c6f098a4debeaf772b17ef630 Shane13 started the topic Finance for construction of 6 townhouses in the forum Finance https://www.propertyinvesting.com/topic/4994626-finance-for-construction-of-6-townhouses/ Mon, 15 Sep 2014 09:11:46 +0000 Hi,

I am looking to buy a block of land and build 6 Townhouses. Approx numbers would be Land: $500k and Tender $1.2M.
I am looking to secure finance with no pre-sales but with a view of selling them all prior to completion.
Does anyone know of any lenders who would consider an 80% lend on this deal with an IO term of 18-24 months at a rate of…[Read more]

]]> 56fa1617ad9cc8316db9aae5b058ef7f Shane13 replied to the topic Expert Advice Needed for Self Employed/Pty Ltd Question in the forum Finance https://www.propertyinvesting.com/topic/4991607-expert-advice-needed-for-self-employedpty-ltd-question/#post-4991635 Wed, 11 Jun 2014 11:17:50 +0000 Hi Dave,

I’m sure some of the finance guru’s on here will provide some insight. As you mentioned you are self employed. Generally what the bank will require is 2 years financials (on the rare occasion 1 years financials) and by financials they will want company tax returns and individual tax returns. In this day and age it is too easy for…[Read more]

]]> 4a1352fe168356e1a07933be9adf3a05 Shane13 replied to the topic Positive Cash Flow Properties - Real world examples in the forum General Property https://www.propertyinvesting.com/topic/4989954-positive-cash-flow-properties-real-world-examples/page/3/#post-4991633 Wed, 11 Jun 2014 10:56:07 +0000 http://www.realestate.com.au/property-house-nsw-condobolin-112625043

Asking price: $125,000
Currently rented: $200pw

]]> 89330cc9fc9bf960a44fba4640be8ac6 Shane13 replied to the topic Time to Renew loan - have a few questions in the forum Help Needed! https://www.propertyinvesting.com/topic/4405302-time-to-renew-loan-have-a-few-questions/#post-4659632 Tue, 29 Nov 2011 00:38:40 +0000 Hi Carl, If the income (rent) you receive from the invetment property is greater then the deductible expenses such as interest, rates, etc then yes you will pay tax on the difference. A quick calculation seems to indicate that the rent could possibly be higher then your expenses. Rent: $560f/n x 26f/n = $14,560paInterest: $120k x 6% = $7,200 (…[Read more]

]]> b43d36e4c1dfa510e37bd94d4494027f Shane13 replied to the topic Put extra funds in off set account or high interest savings account in the forum Help Needed! https://www.propertyinvesting.com/topic/4405285-put-extra-funds-in-off-set-account-or-high-interest-savings-account/#post-4659486 Sun, 27 Nov 2011 23:22:30 +0000 Thanks for your feedback. I was thinking the off-set account would be best. Cheers, Shane.

]]> eace9881fceee320e34c729aaa1001c5 Shane13 replied to the topic Put extra funds in off set account or high interest savings account in the forum Help Needed! https://www.propertyinvesting.com/topic/4405285-put-extra-funds-in-off-set-account-or-high-interest-savings-account/#post-4659482 Sun, 27 Nov 2011 06:38:51 +0000 Hi Kong,

That does make sense to me. At the moment my IP is negatively geared so using your example above would that change your calculations?

Even though I would be getting taxed on the interest earnt wouldn’t I also get a higher tax refund from the interest charged on my loan as it would be reducing my taxable income?

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