PropertyInvesting.com | Shiny_Suit_Man | Activity https://www.propertyinvesting.com/members/shiny_suit_man/activity/ Activity feed for Shiny_Suit_Man. Tue, 14 Apr 2026 14:59:43 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 5b252ce0414a170f9a20e6d3cde5ac23 Shiny_Suit_Man replied to the topic Family Trust Fund - Is it worth the money, effort+tax man.. in the forum Help Needed! https://www.propertyinvesting.com/topic/4992388-family-trust-fund-is-it-worth-the-money-efforttax-man/#post-4992443 Wed, 02 Jul 2014 19:18:24 +0000 I too have been toying with the trust idea. I came out of reading Steve’s books with a different mentality in regard to the family trust idea however. I was under the impression that the trust would provide a little more security in terms of lawsuits.
I don’t plan on being used at any stage but you never know what might happen. If property…[Read more]

]]> d56b0f36a8f272aa46564e87dc3630f4 Shiny_Suit_Man started the topic Renting a Property Back to Your Employer in the forum Help Needed! https://www.propertyinvesting.com/topic/4991141-renting-a-property-back-to-your-employer/ Thu, 29 May 2014 10:24:36 +0000 Hi All,
I have an potentially an interesting opportunity ahead of me later in the year. Basically I work for a large oilfield service company who is loosing their staff house when the lease runs out later this year due to it being sold. It is my understanding that the company has changed their policy and provided we are open and honest…[Read more]

]]> 36e65541c96f4e5236930ef41aa978ab Shiny_Suit_Man replied to the topic It's almost June (what have you achieved) in the forum Help Needed! https://www.propertyinvesting.com/topic/4991019-its-almost-june-what-have-you-achieved/#post-4991140 Thu, 29 May 2014 10:00:59 +0000 I like threads like this, i find they help keep people motivated.

Myself, well i haven’t got any further on my IP apart from finally paying extra off the IP again. But as of last month we are almost entirely free of “bad” debt. Credit cards officially gone, thats been a pain in my side for a while now, eating up extra funds when work is quiet.…[Read more]

]]> 1ec36028bf3580d7ba6d6f03431136f9 Shiny_Suit_Man replied to the topic Tenant want to stay on month to month basis in the forum Help Needed! https://www.propertyinvesting.com/topic/4990763-tenant-want-to-stay-on-month-to-month-basis/#post-4991106 Wed, 28 May 2014 18:50:37 +0000 Another thing you could try is when it comes time to discuss a lease is to put the rent up to compensate for the ‘risk’ involved with your tenants not being on a longer term lease. I ended up doing this with my tenants, my agent said it was time to put the rent up and i suggested that if the tenants want to sign a longer lease i would be more…[Read more]

]]> 1dbf9a6c4afe7bbacd09aa5295487d55 Shiny_Suit_Man replied to the topic Roma, Queensland in the forum General Property https://www.propertyinvesting.com/topic/4990250-roma-queensland/#post-4990982 Sun, 25 May 2014 11:15:02 +0000 I work in/Around Roma on a regular basis. I’ve had my eye on the area for quite a while, I would say the boat has sailed on capital gains but if you are looking for positive geared IP’s they are there. I don’t know how long that will remain that way for however.
I know some CSG work has wells planned to be drilled for the Area for the next 30…[Read more]

]]> e931c397069fc11828544a691b121789 Shiny_Suit_Man replied to the topic Tenant want to stay on month to month basis in the forum Help Needed! https://www.propertyinvesting.com/topic/4990763-tenant-want-to-stay-on-month-to-month-basis/#post-4990978 Sun, 25 May 2014 11:07:51 +0000 I had this same thing happen in Victoria in my IP. At the end of the day, apparently they can switch to a month-month in vic automatically however you can not continue the lease after a month and they will either have to sign a lease or find somewhere else to live. At the end of the day, are they good tenants and would you rather them stay than…[Read more]

]]> 379a954fc44363f023f589ee390a3237 Shiny_Suit_Man replied to the topic Equity to purchase 2nd property in the forum Help Needed! https://www.propertyinvesting.com/topic/4410866-equity-to-purchase-2nd-property/#post-4990977 Sun, 25 May 2014 10:33:21 +0000 So just to elaborate more on what has been said so far. When you draw on the equity (using the example above) does your loan increase back up to 270k when you use the 30k equity?

]]> f3f298d4589dd0d5cb2507ce24b176c3 Shiny_Suit_Man replied to the topic Investing In Mango Hill / North Lakes in the forum Help Needed! https://www.propertyinvesting.com/topic/4990277-investing-in-mango-hill-north-lakes/#post-4990975 Sun, 25 May 2014 10:08:27 +0000 Hi Flex, i actually live in that area and there are huge amounts of houses in there that are rental properties. I’ve been watching the property there and while there doesn’t seem to be huge vacancy periods (houses for rent gets picked up quite quickly). However there is one part of the suburb which just sold for a record price 1.2+ million.…[Read more]

]]> e71bc029bb79355dd77f6644c675c997 Shiny_Suit_Man replied to the topic New or old unit????? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410483-new-or-old-unit/#post-4697923 Mon, 06 Jan 2014 15:18:59 +0000 If it were me and i bought old, i would do the reno's first however it would depend on the state of the unit.  If it more or less just needed cosmetic i would make it "comfortable", tidy it up, cosmetic sort of stuff.  Then as your looking at a 10 year investment i would look at upgrading closer to the end of the 10 year period. Perhaps even…[Read more]

]]> 23b7e6617c58a60513d82d1bdd23d33f Shiny_Suit_Man replied to the topic Water Rates and Usage paid by Landlord? in the forum General Property https://www.propertyinvesting.com/topic/4410379-water-rates-and-usage-paid-by-landlord/#post-4697072 Sun, 05 Jan 2014 18:01:28 +0000 One would assume though that if you justified the $10 rent rise that VCAT couldn't say that it is unreasonable correct?

I have a friend who recently moved out of a rental property after being there 3 years in QLD.  Only received one water bill for usage after being there just shy of 12 months which was paid.  Upon receiving the all clear for the…[Read more]

]]> ab5793cf038241bd52d6d3d397c8219f Shiny_Suit_Man replied to the topic "The big picture" - for new readers especially... in the forum General Property https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/#post-4697966 Sat, 04 Jan 2014 15:06:56 +0000 Great find mate and a good read.  Its nice to read something every now and then about someone who started at the bottom and worked their way up.  Its also nice to see different tactics that people apply on a weekly basis.  There is so much information available in books these days that it all tends to become a blur.  Its nice and somewhat…[Read more]

]]> 408b4d84ce1f1276ecbbd1af033f8f0a Shiny_Suit_Man replied to the topic Help - I am a new investor and my mind is boggled! in the forum Help Needed! https://www.propertyinvesting.com/topic/4410260-help-i-am-a-new-investor-and-my-mind-is-boggled/page/2/#post-4696257 Tue, 26 Nov 2013 11:17:24 +0000 At some point you need to get in the game but you still want the best outcome possible.  Yes mistakes are valuable lessons but other peoples mistakes don't cost you a dime!  CBarry in answer to your question about capital gains it depends on what structure you purchased the property in, e.g. trust, Self Managed super, but your definition is…[Read more]

]]> 8914f0d0cb6ec601c25ecc2e06d5d290 Shiny_Suit_Man replied to the topic How to use a Trust to increase borrowing capacity? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410309-how-to-use-a-trust-to-increase-borrowing-capacity/#post-4696577 Tue, 26 Nov 2013 10:34:30 +0000 You need to remember with Steve's book that he bought properties years ago and has been fortunate to have massive capital gains which meant he could have a rental increase as well as use the equity to fund more investing.  Steve's use of trusts (i have read most of his books) was a large part for protection incase of him being held liable should…[Read more]

]]> 20185c9e95feb93dbd259e93c6034b97 Shiny_Suit_Man replied to the topic Newbie Property Investor. Advise needed :) in the forum Creative Investing https://www.propertyinvesting.com/topic/4410322-newbie-property-investor-advise-needed/#post-4696678 Tue, 26 Nov 2013 10:05:28 +0000 The interest rate on your house is probably better than what you would get if you but the money anywhere else (i.e. term deposit) so think of it as making you money (by saving you interest), that is more or less what i do and also what Richard is getting at.

]]> cbaa86b5fa77c11101f2c84dca32632f Shiny_Suit_Man replied to the topic Broken window - who pays - Tenant or Landlord?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410000-broken-window-who-pays-tenant-or-landlord/#post-4694693 Thu, 12 Sep 2013 14:39:33 +0000 I had a similar thing with the backdoor on my rental property.  I paid to get it fixed, well actually, my tenant was a building apprentice so i paid him to fix it for me :-).  To me that sounds a lot like it would fall into wear and tear, unless you can prove they have been malicious when it comes to slamming the door, I'd just arrange to get it…[Read more]

]]> b72f964e459cb030c0062d2516f790b4 Shiny_Suit_Man replied to the topic Investment advise needed in the forum Have you been to see a https://www.propertyinvesting.com/topic/4409969-investment-advise-needed-2/#post-4694525 Wed, 11 Sep 2013 16:56:40 +0000 Have you been to see a financial adviser at all?  One of the first things they may mention to you is to look into some life insurance and income protection so you are covered with your investments should you be out of work.  On top of this you can shape your portfolio to be as passive or aggressive as you feel comfortable with.  It really depends…[Read more]

]]> c432615b5c39ff45d71da96bbfb599a9 Shiny_Suit_Man replied to the topic Help New to Property Investing choosing right home loan. in the forum Help Needed! https://www.propertyinvesting.com/topic/4409995-help-new-to-property-investing-choosing-right-home-loan/#post-4694656 Wed, 11 Sep 2013 16:33:53 +0000 Hi Matt,
           My first property i bought when i was 19, it was my PPOR and is now my first IP.  I wasn't very thorough in my selection of my home loan, i went with variable with a terrible company and i had a lot of problems with the company my loan was with.  Due to that while i never received a bad credit rating or anything like that, i…[Read more]

]]> 56de7e805f368c3c9a219e754d6d05cf Shiny_Suit_Man replied to the topic Advice please - Morayfield QLD in the forum Help Needed! https://www.propertyinvesting.com/topic/4409997-advice-please-morayfield-qld/#post-4694674 Wed, 11 Sep 2013 16:06:19 +0000 If your looking at unit's specifically, in that area, according to API magazine Petrie & Mango Hill are looking good around those parts.  From memory median unit price is closer to 300k however.

Good Luck.

]]> f85c1364979c7d833d562bedfb519fd3 Shiny_Suit_Man replied to the topic Should we rent out our newly built Toowoomba IP to DHA? in the forum General Property https://www.propertyinvesting.com/topic/4409767-should-we-rent-out-our-newly-built-toowoomba-ip-to-dha/#post-4693590 Sun, 08 Sep 2013 10:38:20 +0000 I think that is good advice from Jamie, one thing to remember is that everyone has different needs and different plans.  The point that Jamie raised on how it may limit your market that you can sell to is a valid one as well.  I suppose it comes down to how aggressive you are being with your portfolio 10 years is a long time to have a property…[Read more]

]]> ab451491e2e767b0167afbd9f9bcf953 Shiny_Suit_Man replied to the topic QLD property, take a loss or not? in the forum General Property https://www.propertyinvesting.com/topic/4408491-qld-property-take-a-loss-or-not/#post-4684257 Fri, 18 Jan 2013 13:55:37 +0000 The work to the railway is just one of the many developments that has been approved for redcliffe.  I'm actually watching that area at the moment as an area of interest.  Once the freeway is finished being worked on it will also help with access to the city from redcliffe which could also help.  I would hold, but my goals aren't as aggressive as…[Read more]

]]> a9f4566d8f41965d2f9aaa2e6d5e8d73 Shiny_Suit_Man replied to the topic Legal Issue - PM approving repairs without Landlord consent in the forum Help Needed! https://www.propertyinvesting.com/topic/4408305-legal-issue-pm-approving-repairs-without-landlord-consent/#post-4682802 Mon, 24 Dec 2012 12:18:30 +0000 I think your right there Joe, at the end of the day the plumber needs to be paid, even though the PM did the wrong thing.  I would take care of that, then look into what can be done about the PM.  Weighing up the costs/time v.s. what i could gain. Then possibly looking at just moving on to a different agent. A lot of valuable info in this topic…[Read more]

]]> aa6d87ebedc4875e1e122c68f5052fa8 Shiny_Suit_Man replied to the topic First time property investment in the forum General Property https://www.propertyinvesting.com/topic/4408289-first-time-property-investment/page/2/#post-4682619 Sat, 22 Dec 2012 13:03:48 +0000 Remember just because people mention now is not the right time to buy anywhere, and also Melbourne is not being listed as a great place to buy at the moment, it doesn't mean that there aren't bargains out there.  As JacM mentioned, API magazine is really good for finding areas that are good for buying in, it is also good for keeping track of your…[Read more]

]]> 1ca7aa23d093d04ffe97e250f095749d Shiny_Suit_Man replied to the topic Legal Issue - PM approving repairs without Landlord consent in the forum Help Needed! https://www.propertyinvesting.com/topic/4408305-legal-issue-pm-approving-repairs-without-landlord-consent/#post-4682793 Thu, 20 Dec 2012 11:10:56 +0000 Good work Freckle, Joanna good luck with the case, sounds like your agency have a lot to answer for, i hope justice prevails!

]]> 979ed32cdf15b367ab0a1b90145beb82 Shiny_Suit_Man replied to the topic What's One Big Thing you'd like to Accomplish in 2013? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4408304-whats-one-big-thing-youd-like-to-accomplish-in-2013/#post-4682736 Thu, 20 Dec 2012 11:06:22 +0000 My Goals for the next 12 months are:     1) The Wedding
                                                                       2) Small reno's on current IP.
                                                                       3) Eliminate almost all (bad) debt
                                                                       4) Move…[Read more]

]]> 8dca0b1eef8f7da8f6e3f5ce6c25e4e1 Shiny_Suit_Man replied to the topic Purchasing property without physically inspecting it yourself in the forum General Property https://www.propertyinvesting.com/topic/4408190-purchasing-property-without-physically-inspecting-it-yourself/#post-4681798 Wed, 19 Dec 2012 15:21:15 +0000 Furthering on from some of the points here…. If you have never been to a particular area that you are interested in buying where would you look to find a buyers agent?

]]> a4fcaf0780335a96854f7a97264abe1f Shiny_Suit_Man replied to the topic Well... I've done it... Taken my first step in investing... in the forum General Property https://www.propertyinvesting.com/topic/4408298-well-ive-done-it-taken-my-first-step-in-investing/#post-4682698 Wed, 19 Dec 2012 15:14:23 +0000 Firstly congratulations you sound like you have had a good win on the house you built.  I agree with Catalyst, i think some more information might be needed here, by the sounds of things i think you might have a few other options on the table here that might involve not selling that house.  I'm not as experienced as some of the others on here but…[Read more]

]]> 8fc49e03d8d5de27d360a353d532d8e2 Shiny_Suit_Man replied to the topic Answers to "Where to Find CF+ Deals" in the forum Help Needed! https://www.propertyinvesting.com/topic/4384472-answers-to-where-to-find-cf-deals/page/24/#post-4542333 Thu, 13 Dec 2012 10:45:07 +0000  Hi Shedin, my first suggestion would be to pickup the latest copy of Australian Property Investor Magazine from your newsagent.  They have listed a number of areas in the latest issue, where property is still available for around the +/- 200k mark which with due diligence could result in great deals.

]]> c11223882de352b51f1c9ab755ba3e8b Shiny_Suit_Man replied to the topic Concrete or stepping stones/gravel for side access? in the forum Value Adding https://www.propertyinvesting.com/topic/4408183-concrete-or-stepping-stonesgravel-for-side-access/#post-4681763 Wed, 12 Dec 2012 14:02:13 +0000 I have gravel/stones the size of 10-20cent pieces on my side access that the house i am currently living in.  I really don't like it and is really annoying as it ends up on the lawn and just creates headaches when it comes to mowing lawns and stuff.  Not to mention it looks untidy when it is uneven from pets etc. walking on it all the time.…[Read more]

]]> b98e387e83c729c0e56940b4dda7ea00 Shiny_Suit_Man replied to the topic Where to get Depreciation report? in the forum Help Needed! https://www.propertyinvesting.com/topic/4404020-where-to-get-depreciation-report/#post-4650428 Wed, 12 Dec 2012 13:38:06 +0000 I would recommend going and paying someone to come in and do an assessment for you.  There are people that not only do a report for you but also will structure a depreciation schedule for you.  From memory there is a few different ways, to structure your depreciation schedule depending on the way your investment portfolio is structured.  I'm…[Read more]

]]> a52d8acd562ab2fb8120bc833235dbf6 Shiny_Suit_Man replied to the topic Rent to own lease option: please help in the forum Help Needed! https://www.propertyinvesting.com/topic/4406914-rent-to-own-lease-option-please-help/#post-4672230 Wed, 20 Jun 2012 20:31:13 +0000 Hmmm that sounds overly complicated. I’m not sure what your legal obligations are here. Technically your renting the place to “your client” therefore its already under lease, and your are still responsible for it depending on your contract. I don’t know if the client can then go and rent it out again. If he did, who is legally responsible…[Read more]

]]> 932d0571998d280246df475841de0227 Shiny_Suit_Man replied to the topic Am I on the right track? in the forum Also another thing to keep https://www.propertyinvesting.com/topic/4406903-am-i-on-the-right-track-3/#post-4672167 Tue, 19 Jun 2012 21:20:25 +0000 Also another thing to keep in mind… Your tax rate will change with your higher income from work so it’s a good idea to keep track of where you are going to end up with all of your income. Are the properties bought in both names or in your own name? I think what Luke has written above is good advice looking at your LVR, with the world…[Read more]

]]> 3ed5be464aa6211a11cb62b139a40fc8 Shiny_Suit_Man replied to the topic Young Investor in the forum Help Needed! https://www.propertyinvesting.com/topic/4406897-young-investor-3/#post-4672093 Tue, 19 Jun 2012 04:55:40 +0000 Hi Ethan,
Hmmm and i thought i was young when i was interested in property (i was 16). Basically i don’t really think there is much you can do but choose business orientated subjects at school and pay attention. I started saving for my first house when i was 16 and bought it when i was 19. Reading a lot of books is something else you can do…[Read more]

]]> b01dd1b1c6e4f2289511461d5d503972 Shiny_Suit_Man replied to the topic Interest Only Loan + Offset Account Clarification in the forum Finance https://www.propertyinvesting.com/topic/4406895-interest-only-loan-offset-account-clarification/#post-4672091 Tue, 19 Jun 2012 04:40:16 +0000 Thanks Terry! I thought this might be the case but i knew someone would have the answer.

Cheers.

]]> 020b8f47b446dd4e1c3b6edfb0d6f273 Shiny_Suit_Man replied to the topic Credit Protection Insurance - Is it worth having? in the forum Finance https://www.propertyinvesting.com/topic/4406740-credit-protection-insurance-is-it-worth-having/#post-4671074 Tue, 19 Jun 2012 02:22:49 +0000 I’ve recently gone and taken out both life insurance and income protection. I went through a financial advisor and he was fantastic, i work in an industry that is difficult to get coverage for. I ended up being referred to him through my Mortgage Broker who informed me that they are obligated to offer to have life insurance/income protection as…[Read more]

]]> a9a1c517cd13ce1b2da7f03eb11e4b51 Shiny_Suit_Man replied to the topic Greece?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406885-greece/#post-4672059 Sun, 17 Jun 2012 20:25:01 +0000 As some people have said on the forum lately, there is always going to be great investments to be made, you just need to do your research. Yes the media is possibly blowing things out of proportion, but i don’t believe right now would be a great time to be making any kind of investments that are “high risk”. As i believe the GFC in 2008 is…[Read more]

]]> c288763893c3498d8e47d88f90e970f1 Shiny_Suit_Man replied to the topic Land tax in the forum Help Needed! https://www.propertyinvesting.com/topic/land-tax-29/#post-4671819 Sat, 16 Jun 2012 22:32:32 +0000 There was a write up in API magazine the other month which said that there is a different land tax threshold for all states, i believe from memory that victoria and nsw are the lowest. Queensland never really used to have one but now it is set at somewhere around 600,000. I think this is why a lot of investors with several properties try and…[Read more]

]]> 15b627d2884b9c8d5ff927ca35fd5391 Shiny_Suit_Man replied to the topic Retirement living plans ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406820-retirement-living-plans/#post-4671574 Thu, 14 Jun 2012 04:37:22 +0000 It’s nice to see some people sharing their stories on here so that all of us who are frantically reading and trying to get ahead can see that it is possible to be successful and its not just something you read about in books. Always good to hear other peoples stories to help keep us motivated.

]]> a575612a9685e3639b7451fe178102cb Shiny_Suit_Man replied to the topic Retirement living plans ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406820-retirement-living-plans/#post-4671568 Tue, 12 Jun 2012 21:51:35 +0000 I am 24 and planning for retirement already i don’t think you can ever start too early…. Planning on retiring at 40-45 though. And not living cheap, im hoping to have enough investments to have about 100k coming in every year, so me and the wife and the kids can enjoy our “Golden Years”. I work long hours and spend 220+ days away from home…[Read more]

]]> 31d9cad7dc68516886a5692e3af47fc2 Shiny_Suit_Man replied to the topic Good areas in Toowomba in the forum Help Needed! https://www.propertyinvesting.com/topic/4406713-good-areas-in-toowomba/#post-4670887 Tue, 12 Jun 2012 04:28:52 +0000 Dalby was another area i have been looking at. Chinchilla has really had its boom, so if your after CG i wouldn’t bother, however rent is still good there if you get a house for the right price.

]]> a17378c3a840e774f80c8c6019ae1f27 Shiny_Suit_Man replied to the topic Good areas in Toowomba in the forum Help Needed! https://www.propertyinvesting.com/topic/4406713-good-areas-in-toowomba/#post-4670885 Tue, 12 Jun 2012 03:39:10 +0000 I have a friend who live in toowoomba and he said there is a new development going in out near the university which is something im interested in looking into. I too have been thinking about toowoomba and will be keen too read some ideas and knowledge from others.

]]> 207c18587fee0d487b3d5d746b8472d3 Shiny_Suit_Man replied to the topic Strategy / Planning in the forum Help Needed! https://www.propertyinvesting.com/topic/4406819-strategy-planning/#post-4671560 Tue, 12 Jun 2012 02:28:24 +0000 As posted earlier, make sure you read into land tax and remember it is different in every state. Another thing is don’t fall into the trap of “negative gearing otherwise i’ll pay more tax”. The way i look at the positive gearing sernario is if your not making money you are loosing money. You would be better off making a little more money and…[Read more]

]]> 20a139a25b0eb31a2a93f8e63001d821 Shiny_Suit_Man replied to the topic Best Investment/Financial Strategy in the forum Help Needed! https://www.propertyinvesting.com/topic/4406739-best-investmentfinancial-strategy/#post-4671059 Mon, 04 Jun 2012 15:44:52 +0000 Well said JP. I agree entirely, however myself I am basically just sitting back watching the market, and concentrating on paying down any unnecessary debts right now as although i believe we never really came out the other side of GFC 1, i think things are about to get a hell of a lot worse before they get any better. So paying off as much debt…[Read more]

]]> fe0e3b6ce547d36fd323f9ab42606849 Shiny_Suit_Man replied to the topic Loch Sport - does anyone know anything about this area? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391409-loch-sport-does-anyone-know-anything-about-this-area/#post-4577076 Mon, 14 May 2012 12:41:53 +0000 I used to live in a town near there….  It's a popular destination for holiday makers as well as people who live there.  So you could use it personally for a holiday home, or use it as a furnished rental for holiday makers.  I could see potential for growth down there.  They have been trying to build that place up for quite a few years now, i&#…[Read more]

]]> f8362096264fbc5e002535a495decb96 Shiny_Suit_Man replied to the topic First Property Investment - Need Help! in the forum Help Needed! https://www.propertyinvesting.com/topic/4406538-first-property-investment-need-help/page/2/#post-4669467 Fri, 11 May 2012 09:16:04 +0000 I too am interested in how this equity thing really works…  I'm in the market to pickup another property in the next 12months and ive started looking and getting all my numbers and things sorted already.  I have also just refinanced my first IP and now have an offset account.  Does the offset account come into play with the equity or is it li…[Read more]

]]> a275adfd39f2892261f9a5716a2c3b0c Shiny_Suit_Man replied to the topic Carbon Tax and it's effect on property investing? in the forum And to add australia has one https://www.propertyinvesting.com/topic/4406176-carbon-tax-and-its-effect-on-property-investing/#post-4666152 Fri, 30 Mar 2012 11:07:41 +0000 And to add australia has one of the lowest levels of carbon emissions compared to the rest of the world. But we are one of the first to vote it through?? IMO if the cost of building materials goes up, it will be harder for people to afford to build hence making australias housing shortage even worse…. Government either has some information…[Read more]

]]> 883f8c819f24c0bde3fe16da440e83cf Shiny_Suit_Man replied to the topic Dysart or Roma - Where to Invest? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406197-dysart-or-roma-where-to-invest/#post-4666404 Fri, 30 Mar 2012 10:39:44 +0000 Goto the newsagents and buy this months issue of Austrlian Property Investor mag…. They have their “Top 100” spots and has a write up on what areas to look for and what to buy in each town/suburb. P.s. Go for Roma, i stay out there for work as I’m in the oil and gas industry and there is a massive accommodation shortage. Just make sure you…[Read more]

]]> 059d7a01accba7d7b85339f38146e667 Shiny_Suit_Man replied to the topic Offset Account or not? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406190-offset-account-or-not/#post-4666343 Fri, 30 Mar 2012 10:35:08 +0000 Jamie M wrote:

Dreaming Big wrote:
Thanks for all your comments. I really do appreciate it!Jamie, we do plan on turning our PPOR into an IP eventually and we also plan to be very active in the propery investing area and not just buy one or two but more like ten or twenty (depending on how many we need to get where we want to be). I understand…[Read more]

]]> 4db601c602df769290b2c1cbb5edb81f Shiny_Suit_Man replied to the topic Advice on repayments of my IP in the forum Thanks Jamie, https://www.propertyinvesting.com/topic/4405857-advice-on-repayments-of-my-ip/#post-4663704 Wed, 15 Feb 2012 10:31:53 +0000 Thanks Jamie,
I have spent the last few months working on paying off credit cards and apart from that my only loan is for my car. My IP was my residence but i have since moved interstate and am now using it as a rental (this was my plan all the long). But from now on I’m renting so i am not restricted when it comes to my buying capacity. First…[Read more]

]]> e43c4ef6df1595dbe71233ced0fca82d Shiny_Suit_Man replied to the topic Advice on repayments of my IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4405857-advice-on-repayments-of-my-ip/#post-4663702 Wed, 15 Feb 2012 10:03:12 +0000 Aaaah fantastic. Thanks Jamie. I’ve been wondering what that was called. My current investment property is not far off being positively geared so i wanted to look into what that was called as i want to set this up for when it is finally making me some cash. I assume if i refinance (i want to do this regardless) this is something i can do…[Read more]

]]> 60e1cd70dd02d410021f65acbf348d3c Shiny_Suit_Man replied to the topic Advice on repayments of my IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4405857-advice-on-repayments-of-my-ip/#post-4663700 Wed, 15 Feb 2012 05:54:46 +0000 Excuse me being a little naive but I’m new to all this stuff. By offset, do you mean pay the interest only loan and also have an offset of “$$” that are left over from your rental income which would chip away at the loan?

Thanks in advance.

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