PropertyInvesting.com | Solomon10 | Activity https://www.propertyinvesting.com/members/solomon10/activity/ Activity feed for Solomon10. Sat, 11 Apr 2026 23:19:27 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 99b59004b0f506006f47bf4833dd29ec Solomon10 started the topic Investing in Property Funds. in the forum Help Needed! https://www.propertyinvesting.com/topic/5048919-investing-in-property-funds/ Sun, 20 Jan 2019 08:28:28 +0000 Hi all, just wondering if anyone has invested with Australian Capital Secure Fund? The rate of return looks good to use cash to invest between properties,but struggling to find a genuine review by someone that doesn’t have an interest in the company. Any help appreciated.

]]> 1905d33b0c2635242b76760f1c4c1fb4 Solomon10 replied to the topic development property help in the forum Help Needed! https://www.propertyinvesting.com/topic/5028023-development-property-help/#post-5028173 Wed, 06 Jul 2016 10:55:32 +0000 Hi Redwood, would you say in general terms that one would pay a decent premium for a property that already had approved plans and permits, over one that didnt?

]]> 4ac74d6c8325380fae700e9227380f78 Solomon10 replied to the topic A Good Place to start for first-time Investors with Carpentry experience in the forum Help Needed! https://www.propertyinvesting.com/topic/5014768-a-good-place-to-start-for-first-time-investors-with-carpentry-experience/#post-5014865 Tue, 20 Oct 2015 11:50:21 +0000 http://www.realestate.com.au/property-house-vic-craigieburn-120824081
Something like this would be perfect for you,if you look long enough and hard enough the bargains are still there.

]]> d6dec87339860530e46d283b90710ffe Solomon10 replied to the topic Property Manager Croydon Vic 3136 Recommendations. in the forum Help Needed! https://www.propertyinvesting.com/topic/5014092-property-manager-croydon-vic-3136-recommendations/#post-5014169 Sun, 04 Oct 2015 10:45:50 +0000 Thanks for your replies,will suss it out.

]]> 4d81355a42aee4804b87d03a1d65cdaf Solomon10 started the topic Property Manager Croydon Vic 3136 Recommendations. in the forum Help Needed! https://www.propertyinvesting.com/topic/5014092-property-manager-croydon-vic-3136-recommendations/ Thu, 01 Oct 2015 11:56:13 +0000 Hi, Does anyone have any recommendations or avoidance advice for agents in Croydon Victoria to look after my IP? Thanks in advance.

]]> fc50297e4dae524629deff481f7a80a0 Solomon10 replied to the topic Need 80% LVR on first investment property??? in the forum Help Needed! https://www.propertyinvesting.com/topic/5008887-need-80-lvr-on-first-investment-property/#post-5008918 Fri, 19 Jun 2015 12:55:23 +0000 The 20% deposit may have something to do with this? Particularly if through Bankwest.
http://www.smh.com.au/business/banking-and-finance/banks-put-brakes-on-investor-lending-20150521-gh6imi.html

]]> 1d02d7fac5839e7c7cd7350b9d73f7ef Solomon10 replied to the topic Need 80% LVR on first investment property??? in the forum Help Needed! https://www.propertyinvesting.com/topic/5008887-need-80-lvr-on-first-investment-property/#post-5008918 Fri, 19 Jun 2015 12:55:23 +0000 The 20% deposit may have something to do with this? Particularly if through Bankwest.

]]> 4b56914fa15fa9ec6a5146e4548fb124 Solomon10 replied to the topic Capital Gains/Loss Calculation? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5008771-capital-gainsloss-calculation/#post-5008781 Tue, 16 Jun 2015 09:54:04 +0000 For what time period can a loss be carried forward? Is there a limit of financial years?

]]> dcc09ccbd3743b13dafd9a873a18fef9 Solomon10 replied to the topic GST and possible other taxes on development. in the forum Help Needed! https://www.propertyinvesting.com/topic/5007230-gst-and-possible-other-taxes-on-development/#post-5007369 Wed, 13 May 2015 07:08:13 +0000 Thanks Terry,my understanding now is, if sold in under five years GST would apply,and profits after GST and costs would be added to taxable income for the year. If sold after five years of being rented, no GST would apply and CGT should apply instead of income tax. Seems a better way if can afford to hold them for six or so years.

]]> 8a494390f465fd9113a5124b759c3d23 Solomon10 replied to the topic GST and possible other taxes on development. in the forum Help Needed! https://www.propertyinvesting.com/topic/5007230-gst-and-possible-other-taxes-on-development/#post-5007243 Sun, 10 May 2015 22:37:39 +0000 Thank you both for your replies and clarification, i will look into it further and add in CGT to the calculations.

]]> 475fddb9dd4f01c66d78c5df4e524556 Solomon10 started the topic GST and possible other taxes on development. in the forum Help Needed! https://www.propertyinvesting.com/topic/5007230-gst-and-possible-other-taxes-on-development/ Sun, 10 May 2015 09:54:00 +0000 I have had a look around the net and haven’t managed to clarify exactly what tax would be paid on a small unit development, done by an private investor. I understand all the GST implications, the information i’m after is, would income tax also have to be paid as well as the GST?
To me, just the GST doesn’t seem to be enough tax, where as…[Read more]

]]> f9a20a70221dde42a4cd12157d645419 Solomon10 replied to the topic Rough Breakdown of costs to demolish and build 3 or 4 units in the forum Value Adding https://www.propertyinvesting.com/topic/4998255-rough-breakdown-of-costs-to-demolish-and-build-3-or-4-units/#post-4999386 Sun, 18 Jan 2015 05:24:18 +0000 To do all that for a nice finish level for Kilsyth i wouldn’t expect much change from a million. Also factor in selling costs,and taxation.

]]> 6e1ac20a997ee8349d8139f75505b410 Solomon10 replied to the topic Be VERY careful who you listen to for advice on structuring/tax. in the forum Finance https://www.propertyinvesting.com/topic/4993377-be-very-careful-who-you-listen-to-for-advice-on-structuringtax/#post-4993776 Mon, 18 Aug 2014 05:19:43 +0000 Thanks.

]]> 3d571bb8e7d19df307e3a2ee4b99b8f2 Solomon10 replied to the topic Be VERY careful who you listen to for advice on structuring/tax. in the forum Finance https://www.propertyinvesting.com/topic/4993377-be-very-careful-who-you-listen-to-for-advice-on-structuringtax/#post-4993734 Mon, 18 Aug 2014 05:03:32 +0000 Terry, is it rarely that a client will be audited? Or rarely that reason is applied to said audit?

]]> 2b562748784b9268b785e988e8338f5c Solomon10 replied to the topic Be VERY careful who you listen to for advice on structuring/tax. in the forum Finance https://www.propertyinvesting.com/topic/4993377-be-very-careful-who-you-listen-to-for-advice-on-structuringtax/#post-4993505 Sun, 10 Aug 2014 04:15:47 +0000 I think a lot of these “professionals” do not know the laws and codes they are bound by,nor the limited scope of their own profession. As always,it is a case of buyer beware,and choose the teams around you carefully.

]]> 891f697b8c61e35ca09ac180dd92d580 Solomon10 replied to the topic Be VERY careful who you listen to for advice on structuring/tax. in the forum Finance https://www.propertyinvesting.com/topic/4993377-be-very-careful-who-you-listen-to-for-advice-on-structuringtax/#post-4993414 Tue, 05 Aug 2014 11:24:21 +0000 I won’t be surprised either Colin. I read the other day that the ATO was going to run head on against developers playing with using cgt within trust structures and not declaring profits as income,logical next step to me would be interest only loans and assessing if they are fit for purpose as deductible expenses.

]]> 80305fb08e5d4c926b5aa2c9056dc5d0 Solomon10 started the topic Be VERY careful who you listen to for advice on structuring/tax. in the forum Finance https://www.propertyinvesting.com/topic/4993377-be-very-careful-who-you-listen-to-for-advice-on-structuringtax/ Mon, 04 Aug 2014 11:17:08 +0000 More for the newer investors, i thought i would share an experience i had today with one of the bigger banks. I had the Branch Manager/lender offering me tax and financial advice,if that wasn’t bad enough,also that advice was completely incorrect. I was advised that if i redrew up to 80% of my PPOR,then used it to do what ever i chose to do with…[Read more]

]]> 0889cb0633a615ef1cb183144baf5b72 Solomon10 replied to the topic Purchasing property for child. in the forum Help Needed! https://www.propertyinvesting.com/topic/4989446-purchasing-property-for-child/#post-4989980 Thu, 01 May 2014 10:58:01 +0000 Thanks Terry,finance issues with the trust might turn me more towards the way the new guy did it,keep it in my name and work it all out in 18-20 years.

]]> 16af9a2bac4e780050d99f7838943bc9 Solomon10 replied to the topic Purchasing property for child. in the forum Help Needed! https://www.propertyinvesting.com/topic/4989446-purchasing-property-for-child/#post-4989763 Fri, 25 Apr 2014 07:28:55 +0000   Thanks for the replies. JacM, as you said property isn’t the only investment,but over the length of time we are planning on,it looks to be a good one. On the trust issue would it be worth setting one up just for one or two properties?

]]> 8f66818317811963c99dfe208cb27282 Solomon10 started the topic Purchasing property for child. in the forum Help Needed! https://www.propertyinvesting.com/topic/4989446-purchasing-property-for-child/ Tue, 22 Apr 2014 11:36:33 +0000     The wife and i have decided to make provisions for our new son. We were thinking of just putting away say $40 per week till he is 18,but even with compound interest it wont add up to much especially with inflation. Wondering now if we find a decent property that can be neg up to around the same 40-50 dollars a week the return will be a lot be…[Read more]

]]> d07cb23d564841bc9fa5eee408b072e6 Solomon10 replied to the topic My latest development - 4 dwellings in Melbourne in the forum Value Adding https://www.propertyinvesting.com/topic/4409620-my-latest-development-4-dwellings-in-melbourne/page/3/#post-4692810 Tue, 07 Jan 2014 13:37:45 +0000 Congrats,sounds good. I have been watching with interest, will be good to see the finished product.

]]> d34c301a16abbc12a7325dd61ba6d591 Solomon10 replied to the topic My latest development - 4 dwellings in Melbourne in the forum Value Adding https://www.propertyinvesting.com/topic/4409620-my-latest-development-4-dwellings-in-melbourne/page/3/#post-4692808 Tue, 24 Dec 2013 04:18:56 +0000 How is the development progressing Oscar?

]]> 1bde43f1e63f5cd612c42a3bf60128b9 Solomon10 replied to the topic New Site: What do you think? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407274-new-site-what-do-you-think/page/3/#post-4674785 Wed, 08 Aug 2012 09:41:22 +0000 Maybe will take some getting used to, but to a point i agree with Freckle above,the old site was far easier to navigate,if not looking quite so fancy while doing it.

]]> 3d9f6433e514dea0abf22aa98a7f71ea Solomon10 replied to the topic New Site: What do you think? in the forum Help Needed! https://www.propertyinvesting.com/topic/4407274-new-site-what-do-you-think/page/3/#post-4674784 Wed, 08 Aug 2012 09:38:47 +0000 Admin wrote:

Level 8 Badge

Yes – sadly, we needed to get rid of the old level system to make way for all of the new badges and achievements.

The good news is we've given everyone who achieved a level 2 or above a new badge to commemorate their achievement on the old PropertyInvesting.com website.

This badge is the Mayflower badge. (Why…[Read more]

]]> 5d75cdc7defa1546751675217f7fbdde Solomon10 replied to the topic How to find when a house was built in the forum Help Needed! https://www.propertyinvesting.com/topic/4407242-how-to-find-when-a-house-was-built/#post-4674487 Thu, 26 Jul 2012 22:35:31 +0000    When i ripped out some plaster walls the cheeky builders had signed their names and the date on the stud frame, not a recommended way to find out though lol.

]]> ad65f0ea430c5e4429a61280c2f36b85 Solomon10 replied to the topic Throw away the key in the forum Overseas Deals https://www.propertyinvesting.com/topic/4407170-throw-away-the-key/#post-4674068 Thu, 19 Jul 2012 10:39:12 +0000 Guns don't kill people, people do.

]]> 85b54bd4ee5128f24b63b0b171b7e31c Solomon10 replied to the topic Renovation Flip Broker in the forum Help Needed! https://www.propertyinvesting.com/topic/4407128-renovation-flip-broker/#post-4673822 Tue, 17 Jul 2012 07:00:34 +0000 Qlds007 wrote:
Been around for a week or two and have small portfolio so like to think so.

Richard,you are the epitome of modesty!

]]> 6a5032ceea887041d95339c63a0a650b Solomon10 replied to the topic Loan for deposit? in the forum Finance https://www.propertyinvesting.com/topic/4407012-loan-for-deposit/#post-4672835 Mon, 02 Jul 2012 11:18:23 +0000 TheFinanceShop wrote:

Solomon10 wrote:
I would not cross the properties. if you meet serviceability and could get it organized in a short time frame you could set up an LOC against one of your existing properties and use this money to fund the deposit and purchase costs. 

Based on an average purchase of $300k the cost of stamp duty and 20%…[Read more]

]]> d53647c6ab13fbadd10de3d0a7d55c10 Solomon10 replied to the topic Loan for deposit? in the forum Finance https://www.propertyinvesting.com/topic/4407012-loan-for-deposit/#post-4672828 Mon, 02 Jul 2012 10:00:43 +0000 I would not cross the properties. if you meet serviceability and could get it organized in a short time frame you could set up an LOC against one of your existing properties and use this money to fund the deposit and purchase costs. 

]]> 126452a7226516117c8cf8e6a2fc8727 Solomon10 replied to the topic How much value will a DA / TPP add to a property? in the forum I have been looking in the https://www.propertyinvesting.com/topic/4406975-how-much-value-will-a-da-tpp-add-to-a-property/#post-4672634 Sun, 01 Jul 2012 09:53:19 +0000 I have been looking in the eastern suburbs of Melbourne, there isn't a whole lot happening but around 1 for every 90-100 properties for sale are worth further investigation imo. The rest, leave there for the mums and dads..

]]> 13d3791bba4c2c734d036a5d8392deb0 Solomon10 replied to the topic DIY Property Styling made us $20-$25k! in the forum Value Adding https://www.propertyinvesting.com/topic/4406293-diy-property-styling-made-us-20-25k/page/2/#post-4667316 Thu, 28 Jun 2012 13:48:07 +0000 Excellent work Amy, do you have any before pics?

]]> 36deea93c53ac26aa08af5856fee87a9 Solomon10 replied to the topic Passed in at Auction...please help! in the forum Help Needed! https://www.propertyinvesting.com/topic/4406922-passed-in-at-auction-please-help/#post-4672317 Sun, 24 Jun 2012 22:47:22 +0000 Too true WIP, it has been said the perfect property comes up every few weeks, i believe this to be true. No point getting too attached to one property if it doesn't stack up, another will come shortly.

]]> 78b161463d85a6a62901461b97ad339e Solomon10 replied to the topic COmmonwealth MISA offset account and investment loan tax implications in the forum Help Needed! https://www.propertyinvesting.com/topic/4406944-commonwealth-misa-offset-account-and-investment-loan-tax-implications/#post-4672449 Sun, 24 Jun 2012 22:42:11 +0000 Agreed Richard, the cba misa does seem complicated compared to offsets offered by other lenders. Btw are you having trouble with posting from your tablet? Lots of multiple posts lately?

]]> f8a0d4ee8f6325506bf8ea9c45939e0c Solomon10 replied to the topic How to break a fixed rate exit fees in the forum Finance https://www.propertyinvesting.com/topic/4406707-how-to-break-a-fixed-rate-exit-fees/page/2/#post-4670830 Sat, 09 Jun 2012 13:11:09 +0000 Michael.Lee wrote:
Solomon10,I understand your point of view and agree, but offer the following inputs to your thoughts.Excepting solicitors, most people who read contracts don't understand them and have those bits they don't understand explained to them by people they trust i.e. their bank manager, their mortgage broker. If the banks and the…[Read more]

]]> d558ab05a9308e8711300d4ea0a87158 Solomon10 replied to the topic buying property with super in the forum Help Needed! https://www.propertyinvesting.com/topic/4406690-buying-property-with-super/#post-4670666 Wed, 06 Jun 2012 13:53:44 +0000 I'm sure you will have a willing audience down here Richard! Bring your jacket though it's quite fresh.

]]> 8e064b0ef2e6c1eb51c4fbf4ee19f682 Solomon10 replied to the topic Power of negotiation in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406723-power-of-negotiation/#post-4670932 Wed, 30 May 2012 11:20:24 +0000 Hope your wife doesn't see your above post Dubstep!

]]> 44c1decb301d916786ec99d5e3db5cb9 Solomon10 replied to the topic Borrowing Capacity for Multiple Properties? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406701-borrowing-capacity-for-multiple-properties/#post-4670758 Mon, 28 May 2012 11:15:16 +0000 Thanks, haven't used a broker so far, handled it myself but i think next time i jump i ll be giving you a call. Haven't done a Canberra road trip for a while!

]]> 20d75c75ddf29bc8c974299e50ad5434 Solomon10 replied to the topic Borrowing Capacity for Multiple Properties? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406701-borrowing-capacity-for-multiple-properties/#post-4670756 Mon, 28 May 2012 10:58:40 +0000 Thanks Jamie and Terryw, would you use any of the big four towards the start of your property buying and smaller lenders when coming close to "the wall" or vice versa?

]]> c8bdd28f762d89f8d039f34fc859cdd2 Solomon10 replied to the topic Borrowing Capacity for Multiple Properties? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406701-borrowing-capacity-for-multiple-properties/#post-4670753 Mon, 28 May 2012 10:40:21 +0000 Mattsta, i have been thinking about posting the same question. With the numbers i ve been playing with, it seems like i would hit the wall with about 3 400k ish priced houses even if they were neutral or slightly positive, lets hope we get some answers!

]]> 14e9056fb81157442f4346ece85a5800 Solomon10 replied to the topic 30 properties before 25, finance??? in the forum Finance https://www.propertyinvesting.com/topic/4404268-30-properties-before-25-finance/page/4/#post-4652599 Mon, 28 May 2012 10:36:55 +0000 Richard, could you be so kind as to email your article to me as well please? spaul25@y7mail.com

]]> 5af41076f8caa06f15e13e69cbe50ce2 Solomon10 replied to the topic How to hide sale details in the forum Help Needed! https://www.propertyinvesting.com/topic/4406669-how-to-hide-sale-details/#post-4670535 Sat, 26 May 2012 01:03:57 +0000 Catalyst wrote:
Yes I'm a subscriber. I have seen it a few times lately. I haven't gone back to check whether it was listed later though. Next time I see one I'll check back later to see if it's listed then.

  Thanks, will be interested to know, i'm happy to be corrected.

]]> d5e371f37553d63aac6a9a4d690980cc Solomon10 replied to the topic How to hide sale details in the forum Help Needed! https://www.propertyinvesting.com/topic/4406669-how-to-hide-sale-details/#post-4670529 Thu, 24 May 2012 23:12:37 +0000     Are you a subscriber Catalyst? An associate of mine pays around $1200 p/a i think it is rp professional? I was under the impression it had all prices, have never failed to get a previous sale price and current owner from there unless the sale was decades ago.

]]> 320dbca9ea1d841fa6f28c349a7911c9 Solomon10 replied to the topic How to hide sale details in the forum Help Needed! https://www.propertyinvesting.com/topic/4406669-how-to-hide-sale-details/#post-4670527 Thu, 24 May 2012 21:35:56 +0000    Sorry to say i don't think it's possible. The internet is a big place and someone in the know will always have access to a paid service like rpdata to find these details. If you are concerned that the buyer may see how much you re making, they shouldn't mind if you have done a good enough job of value adding and created something they are w…[Read more]

]]> 5323f7589b6fe2562591432b04ee47eb Solomon10 replied to the topic DIY Property Styling made us $20-$25k! in the forum amyhunz wrote: As the unit https://www.propertyinvesting.com/topic/4406293-diy-property-styling-made-us-20-25k/page/2/#post-4667309 Tue, 15 May 2012 06:05:14 +0000 amyhunz wrote:
As the unit is still in the cooling off period I'd prefer to retain privacy at this stage. As I said, I'd be happy to email pics to individuals and I have.

Is it safe to post some pics yet Amy??

]]> be76a764b7396f1f589b05415db0d125 Solomon10 replied to the topic Would we qualify for a loan? in the forum Finance https://www.propertyinvesting.com/topic/4406566-would-we-qualify-for-a-loan/#post-4669661 Sat, 12 May 2012 10:23:31 +0000 I'm no broker, but i think it is important to have your financials in order before trying to pursue any investing strategy. Without knowing your situation , the obvious question to me is how there can be no savings on a six figure income. Building up some savings on 100k plus should not be hard, if it is, then an in depth review of your spending…[Read more]

]]> eb5411beee020576e2598f0e7399ed31 Solomon10 replied to the topic Planning on the back of a serviette.... in the forum Help Needed! https://www.propertyinvesting.com/topic/4406472-planning-on-the-back-of-a-serviette/page/2/#post-4668778 Sat, 12 May 2012 06:35:37 +0000 Most definitely, i think that is why a lot of mum and dad investors fall over, rushing into things because someone at a barby told them to. At the risk of getting analysis paralysis everything must be thought through and taken into account first. A good point to make Terry, i wonder how many people have a few IPs and no income protection…[Read more]

]]> db3258ea1b1d18799bb7bbd8459c813e Solomon10 replied to the topic Attention Renovators! What would you do with this property? (Picture included) in the forum Value Adding https://www.propertyinvesting.com/topic/4406562-attention-renovators-what-would-you-do-with-this-property-picture-included/#post-4669614 Sat, 12 May 2012 06:28:01 +0000   I ll second that Catalyst, brick cladding is hideous. Everyone loves Hog bristle, it isn't one of Dulux's top colours for nothing.

]]> 0a20779b064718540330444d09af8f93 Solomon10 replied to the topic Upgrading to larger ppor and using current house as an investment in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406537-upgrading-to-larger-ppor-and-using-current-house-as-an-investment/#post-4669442 Fri, 11 May 2012 16:17:36 +0000    Thanks Terry, you re on the christmas card list now!

]]> a7a77200b28d5217fc9313fe2edf7a99 Solomon10 replied to the topic Upgrading to larger ppor and using current house as an investment in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406537-upgrading-to-larger-ppor-and-using-current-house-as-an-investment/#post-4669440 Fri, 11 May 2012 16:12:10 +0000 No, it hasn"t. It will over next few weeks if i don't change to IO but is lowest it has been. Understood that only the 130k would be deductible. What if i refinance to another lender so the only debt on this house is 130k, i think i saw another one of your posts that it would count as new borrowings and as it wasn't used to purchase the house it…[Read more]

]]> f00d36d0ec3822588075c20cc2cf4c5a Solomon10 replied to the topic Upgrading to larger ppor and using current house as an investment in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406537-upgrading-to-larger-ppor-and-using-current-house-as-an-investment/#post-4669438 Fri, 11 May 2012 15:59:16 +0000 Sure was mate, last 130 left of the original 220k borrowed for my PPoR. Thanks for the advice.

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