PropertyInvesting.com | shanematt | Activity https://www.propertyinvesting.com/members/shanematt/activity/ Activity feed for shanematt. Tue, 14 Apr 2026 23:20:55 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 c3d01d1ba5886a5b47de9f1caed22db4 shanematt started the topic can I carry forward negative gearing losses?? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4405629-can-i-carry-forward-negative-gearing-losses/ Mon, 16 Jan 2012 09:32:12 +0000 I owned 4 properties (now 3) and have never been able to claim all my tax deductions as I have a lower income and all properties have been negatively geared. Are these losses carried forward to future years? Also,just sold a property and will pay capital gains.Will my past negative gearing losses claw back some of my capital gains tax?

]]> 7458bdd7fb5b94680a16905be847ed02 shanematt replied to the topic lease renewal fee's ??? in the forum General Property https://www.propertyinvesting.com/topic/4402253-lease-renewal-fees/#post-4638548 Thu, 10 Feb 2011 21:18:58 +0000 michaelandre70 wrote:
good bargain from $700  to only $18.are the lease fees always a percentage of the rent or are there companies who charges a fixed amount no matter what the rent is?

The $700 represented one weeks rent.You wouldn't believe it,but after all this the tenants decided to move out.All worked out well as we had 25 groups through…[Read more]

]]> d6bc07354c15eb2716f703940ff74410 shanematt replied to the topic lease renewal fee's ??? in the forum General Property https://www.propertyinvesting.com/topic/4402253-lease-renewal-fees/#post-4638540 Wed, 22 Dec 2010 05:24:06 +0000 Good news!The agency has agreed to waive the weeks rent fee for the renewal and just charge $18- for lease prep.I am glad they responded to my concerns

]]> 98058c9a10487aa61d61945ca8af480b shanematt replied to the topic lease renewal fee's ??? in the forum General Property https://www.propertyinvesting.com/topic/4402253-lease-renewal-fees/#post-4638538 Tue, 21 Dec 2010 09:46:06 +0000 Its $700,thats why I am questioning value for money when it takes very little work to renew a lease

Scott No Mates wrote:
yes. Some DO charge as it is 'over & above' collecting rent , administration of maintenance & paying outgoings. There is a negotiation & lease preparation as well.

]]> f4c2e8e9a06b55cde31591a63575dd9e shanematt replied to the topic living off equity in the forum Limited Recourse https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/page/4/#post-4601894 Mon, 09 Aug 2010 00:17:39 +0000 Limited Recourse wrote:
[Sounds like you've done well.One question is- do you think that paying off as much of the priciple early on (or any time) cost you money in the big picture?. I say this because this money can be used as a deposit for an additional property.30% LVR's seems very consevative and a very low risk tolerance.I was told that a…[Read more]

]]> 83cc70f5a918a6beacce429cc36c25a9 shanematt replied to the topic living off equity in the forum Creative Investing https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/page/4/#post-4601892 Sun, 20 Jun 2010 23:16:44 +0000 Limited Recourse wrote:
Hi; We just capitalised our interest in advace for 12 months 100K + for one property. But we also are cross collateralised and also have properties in our SMSF of which we have paid out with good cash flow so the bank is happy to accomodate us.I would also say that the days of securitised loans are over and if you do not…[Read more]

]]> 6e420eaad6f4d05c932c2c1abe33102b shanematt replied to the topic Is it better to refinance or sell and tame out a new loan. in the forum Help Needed! https://www.propertyinvesting.com/topic/4400043-is-it-better-to-refinance-or-sell-and-tame-out-a-new-loan/#post-4624960 Tue, 25 May 2010 23:34:50 +0000 P.S I forgot to mention I was with Wizard as well.I got out as soon as possible as they were'nt competative. Uncompetative lenders need to lose business as it helps everyone.

]]> 8a545bb02eb52ad5a61a80335fd11a05 shanematt replied to the topic Is it better to refinance or sell and tame out a new loan. in the forum Help Needed! https://www.propertyinvesting.com/topic/4400043-is-it-better-to-refinance-or-sell-and-tame-out-a-new-loan/#post-4624959 Tue, 25 May 2010 23:33:02 +0000 I would definately refinance if you can.As you are variable you can change lenders without a payout. The cost of selling and rebuying is huge,especially if you like the property and it is doing well.Ita a no brainer for me

]]> df3e968c838062a67cf67a5ec32cb0fb shanematt replied to the topic Advice Needed for 3rd Property in the forum Help Needed! https://www.propertyinvesting.com/topic/4399681-advice-needed-for-3rd-property/#post-4623053 Mon, 26 Apr 2010 08:30:45 +0000 I can't work out why you cant buy more.I have 4 IP's worth around 3 mil (loans 2.3) and am a bus driver.We were earning around 150k for a year or two with my wife but mostly under 100k combined for most of the last 5-10 years.You may need to see a better mortgage broker as this seems very strange. I would love to have your income as I know I…[Read more]

]]> 3e3d6b8e257e5d870d230752763719ee shanematt replied to the topic The journey begins... expert advice needed! in the forum I garentee that you will https://www.propertyinvesting.com/topic/4399679-the-journey-begins-expert-advice-needed/#post-4623045 Mon, 26 Apr 2010 08:22:56 +0000 I garentee that you will look back in 10 years and be very glad.Especially when you look at your friends who will probably waste their money until they are around 30 and then wish they had bought earlier.With a joint venture-just make sure that you have every situation covered as peoples circumstances change e.g marriage,death,financial…[Read more]

]]> 12d1394a84cb63f5d896939c8597d4d3 shanematt replied to the topic living off equity in the forum I wonder if  'capatilizing https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/page/4/#post-4601889 Wed, 24 Mar 2010 22:30:24 +0000 I wonder if  'capatilizing interest' is viewed as investment or consumer spending by the banks. Up to this point,I have only used my LOC for paying shortfalls on mortgage payments.I prefer to do this rather use my wage money.I know this is only good if property prices increase.

]]> 0efaaa544074c038d1a1ba4fe82de494 shanematt replied to the topic living off equity in the forum Creative Investing https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/page/3/#post-4601887 Tue, 23 Mar 2010 22:22:56 +0000 Thanks for your in depth answer 'euro73'.I want banks to be responsible with their lending as that protects my property values as it lessens the chance of a bubble through less defaults,but I also hope that restrictions on what I can spend my equity on,loosen a little.I would hate to have to sell a property to access the equity to be able to use…[Read more]

]]> 0615a7201e90e0a33773494f11db56ef shanematt replied to the topic residential construction loan? in the forum Thanks. It would be the https://www.propertyinvesting.com/topic/4399218-residential-construction-loan/#post-4619987 Mon, 22 Mar 2010 02:09:51 +0000 Thanks.It would be the scenerio that you mentioned i.e borrowing during the construction for progress payments. I wonder if this is a common form of finacing a new build? (borrow on the future value).

]]> 9b481d39ae45acb3cbcfef046869434a shanematt replied to the topic living off equity in the forum number 8 wrote:Benjamin https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/page/3/#post-4601885 Sun, 07 Mar 2010 22:00:03 +0000 number 8 wrote:

Benjamin Csikos wrote:
Anyone can live off equity right now if they really wanted to.  It's all relative to what level of lifestyle you wanted. Move to india. They live on 500 bucks a year over there. …I'm just sayin'.

I live off $500 a year in Australia, and there is nothing wrong with my lifestyle………. join me on a…[Read more]

]]> 30f05311bee2102519e58b87b8ff2281 shanematt replied to the topic living off equity in the forum Hi everyone.I am the https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/page/3/#post-4601883 Fri, 05 Mar 2010 00:08:19 +0000 Hi everyone.I am the origonal poster of this topic question and have been watching with interest all the different opinions.An update for me as I have experienced things is-its definately harder to borrow money and tap into equity. I even had banks wanting me to sign documents stating exactly what "investment'  purposes I was going to use my LOC…[Read more]

]]> c1756ea31edd15f41e050129a9c2ce35 shanematt replied to the topic living off equity in the forum Creative Investing https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/page/3/#post-4601871 Wed, 10 Feb 2010 23:51:33 +0000 Terryw wrote:
Lenders would not like to hear that you will be borrowing to pay interest. They probably wouldn't like to hear you will be using the money for personal use either – such as a holiday etc. Once you spend it it is gone. Whereas if you were to buy shares you would be increasing your net worth.

I wonder if they would think this about…[Read more]

]]> 2c767874bb3066f510b5e75ac7e2b04d shanematt replied to the topic living off equity in the forum Creative Investing https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/page/3/#post-4601869 Wed, 10 Feb 2010 22:09:10 +0000 I noticed that when I applied for a LOC the other day,they asked what the funds were going to be used for.They also wanted me to sign a peice of paper to state it was going to be used for investment purposes..I wonder if they would allow ANY of the LOC to be used for personal use and also whether they consider capatilising interest as 'investment…[Read more]

]]> 3103e13eb0dd40cdd12d7fd0af1c0c7a shanematt replied to the topic living off equity in the forum euro73 wrote:shanematt, https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/page/2/#post-4601862 Thu, 04 Feb 2010 22:49:03 +0000 euro73 wrote:
shanematt, you're going to have a really tough time getting any lender to let you do this anymore. Cash Out is pretty heavily policed these days. The LOC you have in place is fine- you got that set up in the past where cash out wasnt scrutinised so closely, but when your LOC hits its limit (and it will eventually) and you go…[Read more]

]]> 16b06a7329bcd74d23c7a7de39f6274c shanematt replied to the topic living off equity in the forum number 8 wrote:It is all https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/page/2/#post-4601856 Mon, 01 Feb 2010 01:27:21 +0000 number 8 wrote:
It is all about the strategy, Terryw,  I like that you are thinking, but, Taking money out with the intention of margin loans has a large element of risk : Margin loan interest rate of 8%, not likely and it will only get worse with the years to come….. A drop in the stock market like the GFC – do you sell or sit and wait only…[Read more]

]]> b22f9c49aa77f6b3b388de4c826cedc4 shanematt replied to the topic living off equity in the forum Creative Investing https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/page/2/#post-4601854 Sun, 31 Jan 2010 12:19:04 +0000 I like your train of thought. I hope the 'Henry tax review' doesn't recommend any messing around with tax deductability in regards to property or shares.Having a large loan of non deductable debt (after years of using LOC for living expenses) is a valid concern. This means that the size of your LOC must be substantial enough to withstand this…[Read more]

]]> 6fb7461f3fbf58416b3fd9565324334d shanematt replied to the topic living off equity in the forum Damo666 wrote:If anyone https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/page/2/#post-4601852 Sun, 31 Jan 2010 11:21:47 +0000 Damo666 wrote:
If anyone would like to re-open this I am happy to discuss why I think once you have enough equity (at least $1m) then this can be achievable

  I would like to know what % of their available equity people are comfortable in using for living expenses. e.g if you had 100k would people be happy using 10-20k, and so on as the n…[Read more]

]]> 30bad02d249bfe2d92b269a5c2b8bcaf shanematt replied to the topic Should I consider paying LMI to extract Equity? in the forum Finance https://www.propertyinvesting.com/topic/4396963-should-i-consider-paying-lmi-to-extract-equity/#post-4607833 Thu, 13 Aug 2009 22:42:31 +0000 Thanks Richard,                             I hava made sure all 4 properties are stand alone and would not consider crossing with each other as I don't want the bank to have that much control over me.                             I think I would be happy to pay LMI if I could get 90%. How do they work out the cost of LMI? Is it a % of the loan am…[Read more]

]]> 81467a723037c780dd94cba8bae3acfd shanematt replied to the topic renting and never having a PPOR?? in the forum Creative Investing https://www.propertyinvesting.com/topic/4396644-renting-and-never-having-a-ppor/#post-4606091 Mon, 10 Aug 2009 02:29:12 +0000 The main concern I have with living in a PPOR is the large chunk of non-deductable money I will be using.Obviously that large chunk of money could be used to buy one or more great investment properties.Tough decision.Any body else think this way?

]]> d28f01a6af95af32f4a63533b8d439d8 shanematt replied to the topic renting and never having a PPOR?? in the forum Creative Investing https://www.propertyinvesting.com/topic/4396644-renting-and-never-having-a-ppor/#post-4606081 Tue, 07 Jul 2009 08:30:54 +0000 Thanks guys.I also assume that using my personal stratagy of never selling the whole equation changes.Not paying or paying CGT does not concern me.I was more comparing a rent of say $1000- per week and spending 500k on building a house and living in it.I would have to consider negative gearing benifits,depreciation ect if I never lived in it…[Read more]

]]> f7159274182ea3a4cdaf1303ee1d26e7 shanematt replied to the topic Duplexes?? in the forum Creative Investing https://www.propertyinvesting.com/topic/4396206-duplexes-2/#post-4603818 Tue, 12 May 2009 13:37:45 +0000 Casper_1000 wrote:
If you cannot subdivide then doesn't that mean the land can only have a single title on it? A duplex would allow two titles on the land? I'm in WA and have a large block but it is zoned R20 (single title only) and just falls short of what is required for a subdivision.

Thats correct.Only potential for one title on my 702spm…[Read more]

]]> 5f438f20db031f4dec5404babbd9552a shanematt replied to the topic Duplexes?? in the forum Creative Investing https://www.propertyinvesting.com/topic/4396206-duplexes-2/#post-4603817 Tue, 12 May 2009 13:35:08 +0000 Scott No Mates wrote:
Shane, which state are you in? NSW govt recently approved a new planning system allowing greater scope for development. I don't recall all of the details but it was on the dept of planning's website.

I'm in NSW.In a council area that is very strict on these matters-pittwater in sydney

]]> 4eb9e325abe01722ca541000b618fa59 shanematt replied to the topic kitchen benchtop info required in the forum Value Adding https://www.propertyinvesting.com/topic/4395981-kitchen-benchtop-info-required/#post-4602348 Fri, 17 Apr 2009 04:20:14 +0000 Charyny wrote:
Hi ShanemattOur business has painted many kitchens for our own investment properties and clients investment properties.  It works very well is such a cost effective solution.  We use White Knight products available through Bunnings and Taubmans.  We have painted tiles, bench tops and cupboard doors.  We always replace old han…[Read more]

]]> 004cb4c39fc3050efc11571228edeb7a shanematt replied to the topic kitchen benchtop info required in the forum Value Adding https://www.propertyinvesting.com/topic/4395981-kitchen-benchtop-info-required/#post-4602345 Mon, 13 Apr 2009 04:59:29 +0000 SHales wrote:
A friend painted cabinets with the proper paint.  The wood cabinets went fine, but the paint chipped off the melamine cabinets very quickly.  This looked pretty bad because she painted black over white, so every little chip showed up really easily.  She used the best quality paint that she could find for the job and prepped it all…[Read more]

]]> 8b39975c352b168c8ad7207e9c4fe670 shanematt replied to the topic Investing + Reno during Recession in the forum Value Adding https://www.propertyinvesting.com/topic/4394535-investing-reno-during-recession/page/2/#post-4594699 Mon, 13 Apr 2009 01:09:38 +0000 carpe_diem wrote:
Hi Beth et alBear in mind that house prices in Australia are  at an extreme in terms of income to cost ratios.  It is (or at least was) up there with the US, Spain and Britain.  Not so many years ago you could buy a house in Australia for 2.5 times the level of income and these days you pay more like 7.5 times income.   In the…[Read more]

]]> 4c802cd6686ac665f3bad0afc6b4b55b shanematt replied to the topic Renovating 4 houses a year= $100,000 profit in the forum Value Adding https://www.propertyinvesting.com/topic/4395627-renovating-4-houses-a-year-100000-profit/#post-4600560 Mon, 13 Apr 2009 00:39:19 +0000 I assume you have calculated all the selling costs (capital gains if not PPOR,edvertising,egent fee's ect ect).You would have to sell it for a a substantial increase to even bother.Then you've got all the buying costs of the next one (stamp duty,conveyancer ect)Sounds like a whole lot of hard work.Way to much for me and I've done reno's on my…[Read more]

]]> 4681c320ac4c163d26cd604b0d211365 shanematt replied to the topic New to investing - how should I start? in the forum My best advise would be to https://www.propertyinvesting.com/topic/4395960-new-to-investing-how-should-i-start/#post-4602235 Sun, 12 Apr 2009 11:47:03 +0000 My best advise would be to always use investment property experts who are currently successful and doing what you want to do.I am always happy to pay for an expert in property investment tax,mortgage broker,solicitor/conveyancer ect.I have learned to seek out and pay for the best advise every time.The more I learn,the more I realise how crazy it…[Read more]

]]> bd30bd0d38bd9cf4e4f9be7d6355538c shanematt replied to the topic 2 questions in the forum Help Needed! https://www.propertyinvesting.com/topic/4395970-2-questions-3/#post-4602298 Sun, 12 Apr 2009 11:27:55 +0000 It is crucial to only take advice from people who specialise in your question and are doing it them selfs right now.That means that you don't go to your local accountant for advise on buying property in trusts.They don't specialise and will almost definately won't be 100% up to date on the latest and best advise. This is a golden rule and have…[Read more]

]]> 20c6a7b4a1acfb259a9f5a4d86d0a7b5 shanematt replied to the topic How long from 1st property to 2nd?? in the forum Value Adding https://www.propertyinvesting.com/topic/4395977-how-long-from-1st-property-to-2nd/#post-4602321 Sun, 12 Apr 2009 11:16:34 +0000 As a rule, time is not the issue but rather equity. I never purchase another property until I have 20% deposit and a buffer amount to last me 3-5 years.By buffer I mean the shortfall between rent recieved and all other outgoings like interest,council ect.Without having a buffer (either in savings or in a line of credit) , then you are speculating…[Read more]

]]> 4cdf913532f4a297e6a4d0266cf304f4 shanematt replied to the topic painting tiles? in the forum Value Adding https://www.propertyinvesting.com/topic/4395906-painting-tiles-2/#post-4602021 Mon, 06 Apr 2009 04:59:42 +0000 Scott No Mates wrote:
There is a product on the market from White Knight which is made for painting over glazed tiles – visit hardware heaven to pick up a can. Alternatively, if you want a professional job, there are several companies who will respray tiles and baths on site – this is quite effective and does not scratch off although like…[Read more]

]]> 5d7b7f1ef92105fcb9b9389d7d2153a0 shanematt replied to the topic Smoke alarm maintenance in the forum General Property https://www.propertyinvesting.com/topic/4395851-smoke-alarm-maintenance/#post-4601653 Sun, 05 Apr 2009 11:05:46 +0000 perpetrator wrote:

WJ Hooker wrote:
Have you ever seen a course at tafe for fire alarm testing !!!.

Um, yes I have.

This is definately not nessasary according to legislation and thats all that matters.As a previous poster said-it can be done 1 month prior ect ect by the landlord. I let a pro company do my hard wired alarms but there’s no…[Read more]

]]> cbbd7b8594945d981876761c042c82ec shanematt replied to the topic Property Market Has Bottomed? in the forum Sydney market under 600k is https://www.propertyinvesting.com/topic/4395754-property-market-has-bottomed/page/2/#post-4601185 Sun, 05 Apr 2009 10:48:10 +0000 Sydney market under 600k is on fire.Its like a buffet line going through the open inspections at the moment.Even if first home buyers grant was taken away,they are only 15% of the market.Interest rates are low and will go lower.Investers like myself are definately getting in.I can feel the competition when putting bids in on properties.Immigration…[Read more]

]]> ee235ffe6bb3f72db7bf79586e94eb31 shanematt replied to the topic Property Market Has Bottomed? in the forum ummester wrote:harb https://www.propertyinvesting.com/topic/4395754-property-market-has-bottomed/page/2/#post-4601184 Sun, 05 Apr 2009 10:43:28 +0000 ummester wrote:

harb wrote:
How will the bottom fall out of a $400K market if you need $500K to replace it and because of increased population numbers there is an increase in demand ? 

Some ideas follow. Some could be prolonged but some are impossible to avoid in the short term. I will note those with an *1 – FHOG boost gets taken away.2 – U…[Read more]

]]> 2ad9abf6de3f202d97430e96c10800ce shanematt replied to the topic living off equity in the forum Creative Investing https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/#post-4601847 Sat, 04 Apr 2009 05:50:23 +0000 Qlds007 wrote:
Sure whatever.Personally i have my portfolio structured that i can live of the rents for the rest of my live and have no need to ever draw on the equity. With a LVR now at 13% over 30+ properties  i expect to have the entire debt paid off in 18 months. Everyone to their own i guess but LOE is not for me.As time goes by i will…[Read more]

]]> 9bac0e5007f8780a959286931fdac48c shanematt replied to the topic living off equity in the forum Creative Investing https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/#post-4601846 Sat, 04 Apr 2009 05:40:03 +0000 WJ Hooker wrote:
shanematt,                    I congradulate you on doing a good job so far with your properties and asking for peoples inputs.I personally still think you are relying on property growth for the next 10 years or more to be as in the past, which I don't think is going to happen, but even if it is much less then you will still do…[Read more]

]]> eb48d6a46779ab8eec32257fb1de1c2f shanematt replied to the topic What type of vehicle do you have ?? in the forum Dazzling wrote:Thought I'd https://www.propertyinvesting.com/topic/4381491-what-type-of-vehicle-do-you-have/page/18/#post-4524981 Sat, 04 Apr 2009 00:28:06 +0000 Dazzling wrote:
Thought I'd ask the forum what type of vehicle they drive…maybe in the hope of seeing a wide variety of, and number of vehicles. Dr Stanley of the American "Millionaire next door" series had a great list of cars that the wealthy drive…and it wasn't what you'd expect. So, I may as well start off ; We are a one car family,…[Read more]

]]> 072ec0c667440440be755eea68d480f4 shanematt replied to the topic living off equity in the forum Creative Investing https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/#post-4601843 Sat, 04 Apr 2009 00:15:01 +0000 Qlds007 wrote:
Accessing credit for any purpose days have been and gone.Some lenders will even want to draw the cheques payable to the end user. So if you say you are buying a car or investing in managed funds they will want to hold the funds for you and pay it out.A part time job will do you now good at all as clearly you wont be able to…[Read more]

]]> dd514bff74cfdb870d12481c15ee4ab6 shanematt replied to the topic living off equity in the forum Creative Investing https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/#post-4601840 Fri, 03 Apr 2009 11:44:39 +0000 Terryw wrote:
It is getting hard to access equity as the lenders will want to know what you are using the cash for – and if you say living expenses they are unlikely to live.Getting a full time permanent job (until you get the loan) may work.

Excuse my ignorance but why would the banks care what i use the money for if my LVR is looking good?I…[Read more]

]]> aacf6696c55fe3eb5ebf1d0e34308da9 shanematt replied to the topic living off equity in the forum Creative Investing https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/#post-4601838 Fri, 03 Apr 2009 04:48:57 +0000 Qlds007 wrote:
I live of rental income and have done for a few years now but certainly wouldnt suggest that adopting a LOE strategy is a good idea in the current climate where financing a nodoc deal is almost a dead duck and even lodoc refinance is a very limited market.

What about if I had a part time/full time job for 3 months plus so it…[Read more]

]]> bed1be447ec7a7158d3ddf491c3a4133 shanematt replied to the topic living off equity in the forum Creative Investing https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/#post-4601837 Fri, 03 Apr 2009 04:40:47 +0000 WJ Hooker wrote:
shanematt,                    You have been reading too many old books – forget the property doubles every 7 -10 years rubbish, that is history not the future.                   O yes and I have enough rentals to live off, but still work, could also live off equity – but why go backwards??

I know it seems very unlikely now but…[Read more]

]]> 8317f9982a015887b8bc410eb12c71f7 shanematt replied to the topic living off equity in the forum Creative Investing https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/#post-4601836 Fri, 03 Apr 2009 03:41:25 +0000 Qlds007 wrote:
ShaneHow would you draw down a $100K a year when a lender wont finance living off equity ?

I get my properties revalued every 6 months or so and increase my line of credit.I have been doing this,even in the supposed stagnet market of Sydney.I have just been doing some cheap reno's.I think buying in highly sought after suburbs has…[Read more]

]]> dcf8d1817e94794ea2244cf920264d33 shanematt replied to the topic living off equity in the forum Creative Investing https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/#post-4601833 Thu, 02 Apr 2009 22:52:36 +0000 mattnz wrote:
Hi Shanematt,I would recommend that you try to live off positive cashflow from rentals, rather than relying on equity increases to fund your living expenses.There are many people that get this wrong and in the current environment could really come unstuck ending up owing more than they have in assets.Cheers,Matt

The more I study…[Read more]

]]> 5d2f601eade7e394da769ae1ecf0a02f shanematt replied to the topic House or Location? in the forum Help Needed! https://www.propertyinvesting.com/topic/4395853-house-or-location/#post-4601686 Thu, 02 Apr 2009 05:27:38 +0000 No question.The older house.You can manufacture equity through reno's.The extra $7k is small change compared to what you reap from the better position and reno potential

]]> dde35377d0f51fba8d54711b0fc5b7f1 shanematt replied to the topic Advice in buying our first IP, account structuring, gearing, tax and risk in the forum Help Needed! https://www.propertyinvesting.com/topic/4395689-advice-in-buying-our-first-ip-account-structuring-gearing-tax-and-risk/#post-4600912 Thu, 02 Apr 2009 05:14:26 +0000 Firstly surround yourself with people that specialize in investing in property that are much smarter that yourself and currently hold many investment properties themselves. Anyone other than that is just a theorist. These people are as follows-tax agent that specializes in investment property (not a bit of everything)-mortgage broker   "   &qu…[Read more]

]]> f783dc194f7f285b4340d8e19b6f9374 shanematt replied to the topic Negative Gearing vs Positive Gearing - with supported analysis in the forum General Property https://www.propertyinvesting.com/topic/4395775-negative-gearing-vs-positive-gearing-with-supported-analysis/#post-4601274 Thu, 02 Apr 2009 04:08:25 +0000 There is a book or two that clearly points out the difference in wealth comparing the two.Its a quick read and is called 'wealth for life' by Ed Chan and Tony Melvern.I personally think buying properties in long term high capital growth suburbs that may be a little negatively geared are far more profitable than properties in less performing…[Read more]

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