PropertyInvesting.com | Spongy | Activity https://www.propertyinvesting.com/members/spongy/activity/ Activity feed for Spongy. Mon, 13 Apr 2026 15:22:18 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 0032b89638ffae4964338a63bf28e8d3 Spongy replied to the topic Opinion on ripehouse.com.au in the forum Thanks for all the input https://www.propertyinvesting.com/topic/4409876-opinion-on-ripehouse-com-au/#post-4694093 Mon, 19 Aug 2013 01:49:56 +0000 Thanks for all the input everyone.

Jamie – yes, my husband is the sole income earner, so I do understand where he's coming from.

Chris – thanks for your input.  My husband and I do work quite similarly, where I do all the research and then we proceed together.  I guess one of the other issues is that I just didn't think we'd get more finance…[Read more]

]]> c7a4582763ec5bca94ed1e79b403dd1a Spongy replied to the topic Opinion on ripehouse.com.au in the forum Help Needed! https://www.propertyinvesting.com/topic/4409876-opinion-on-ripehouse-com-au/#post-4694086 Fri, 16 Aug 2013 12:07:28 +0000 Jamie M wrote:
least you're going about it the right way by seeking input and doing your research. You're not jumping into anything without thinking it over.

Nearly 10 years on we may be 'over thinking' it :) LOL

]]> bb2339fb49df072bf2b95bcdb7cba0b8 Spongy replied to the topic Opinion on ripehouse.com.au in the forum Thanks Jamie, that could be a https://www.propertyinvesting.com/topic/4409876-opinion-on-ripehouse-com-au/#post-4694084 Fri, 16 Aug 2013 11:44:18 +0000 Thanks Jamie, that could be a good spin off business for you :)  My husband does generally leave the finances up to me, so while that's OK, it also means a bit more pressure that I don't make the wrong decision.. Big decisions are made together of course, but normally after I initiate it all and he feels comfortable.

I'm determined to at least…[Read more]

]]> aca91d726565b25a04cfbf5ad20cd93a Spongy replied to the topic Opinion on ripehouse.com.au in the forum Help Needed! https://www.propertyinvesting.com/topic/4409876-opinion-on-ripehouse-com-au/#post-4694082 Fri, 16 Aug 2013 11:25:47 +0000 Probably frightened of choosing the wrong property is the biggest concern.  We purchased in SE Brisbane (Forest Lake) and while we have always had the place tenanted, we didn't have a good property manager and had tenants who wanted to call in a plumber or electrician every other month for some ultra minor issue (ie. noisy fans, even when they had…[Read more]

]]> b638adde25e109b1d1ac809d0ed98261 Spongy replied to the topic Credit card limit in the forum Finance https://www.propertyinvesting.com/topic/4409872-credit-card-limit-2/#post-4694057 Fri, 16 Aug 2013 01:14:57 +0000 And I'm sure they charge you a nice over limit fee for the privilege :)

]]> c72f8dc7e3a171c2dc3037de4fff0500 Spongy replied to the topic Bargain can be found in overpriced properties: Patrick Bright in the forum General Property https://www.propertyinvesting.com/topic/4409778-bargain-can-be-found-in-overpriced-properties-patrick-bright/#post-4693615 Mon, 29 Jul 2013 09:23:08 +0000 Very interesting way to look at it…

Love all these ideas.  Thanks

]]> bc9a3abb1a677aaf94b118f600b28b41 Spongy replied to the topic Do IP expenses have to be claimed? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4409779-do-ip-expenses-have-to-be-claimed/#post-4693620 Mon, 29 Jul 2013 09:20:09 +0000 I do appreciate that if someone was working and then entitled to a tax deduction due to a rental loss in order to get FTB that would be taking two bites of the cherry.  I guess as I see it, I earn nothing and my net rental loss is useless to me and is still halving my entitlement. 

Since my tax is so simple, I'm just doing it myself, but have…[Read more]

]]> af1ae69b15a49a504fd2ce5dee3be09e Spongy replied to the topic Refinancing cross-colateralised (split) loans in the forum Finance https://www.propertyinvesting.com/topic/4409723-refinancing-cross-colateralised-split-loans/page/2/#post-4693359 Mon, 29 Jul 2013 01:08:13 +0000 Excellent – thanks guys :)

]]> 34ce9b5cba208c44e17cc3fc943ba6cb Spongy replied to the topic Do IP expenses have to be claimed? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4409779-do-ip-expenses-have-to-be-claimed/#post-4693618 Mon, 29 Jul 2013 01:07:31 +0000 Thanks Terry.

As I don't have any income at present, apart from my share of a net rental loss, I want to ensure it remains under the FTB income threshold of $5183, as net losses are counted as income for this purpose.  So for me, it wouldn't matter about a higher level of rent.  I think I'll be under the threshold anyway, as I expect the loss to…[Read more]

]]> 224a483ebf46174f07ec3a999d7b37c4 Spongy replied to the topic Refinancing cross-colateralised (split) loans in the forum Finance https://www.propertyinvesting.com/topic/4409723-refinancing-cross-colateralised-split-loans/#post-4693356 Sun, 28 Jul 2013 07:24:09 +0000 Thank you all very much for your expertise.  After discussions with my brother he has decided not to go ahead with the uBank refinance.  I only have one investment property myself and unlikely to add to it as I'm now a stay at home mum so we're on one income, but I'm wishing I hasn't refinanced my loans!  Oh well, maybe when I go back to work I'll…[Read more]

]]> 28753adb781899d674108980eef01707 Spongy replied to the topic Property Managers and landlords - do you change locks? in the forum General Property https://www.propertyinvesting.com/topic/4409751-property-managers-and-landlords-do-you-change-locks/#post-4693504 Mon, 22 Jul 2013 22:30:58 +0000 Good question.  I'd never actually thought about it and knowing how much it cost me to change all the locks when we moved into our PPOR, I can't say I'd be rushing to do it, unless it was specifically requested by the tenant.  I only have one IP and would be keen to hear what others do also.

]]> e4ad807870e132850ab688b429a3151f Spongy replied to the topic SMSF property investment borrowing in the forum Help Needed! https://www.propertyinvesting.com/topic/4408887-smsf-property-investment-borrowing/#post-4687817 Thu, 18 Jul 2013 01:11:51 +0000 I'd love a copy of your e-book also.  If you don't mind sending my email is: mdandmk@ncable.net.au

Cheers

]]> 1a24cb46bcd57f707f45ea2747ff75e2 Spongy replied to the topic Refinancing cross-colateralised (split) loans in the forum Finance https://www.propertyinvesting.com/topic/4409723-refinancing-cross-colateralised-split-loans/#post-4693353 Wed, 17 Jul 2013 22:48:55 +0000 Thanks for your response Jamie – the sole reason he is refinancing is to get a better rate.  I believe he will be saving about $5000 pa in interest (if I recall correctly).  The costs to refinance each loan will be about $500-600, so justified based on the interest savings (ignoring all other factors and considerations mentioned).  He has…[Read more]

]]> 8ff55d0b10b99f1eef3a2982f15a3356 Spongy replied to the topic Refinancing cross-colateralised (split) loans in the forum Finance https://www.propertyinvesting.com/topic/4409723-refinancing-cross-colateralised-split-loans/#post-4693348 Wed, 17 Jul 2013 10:30:50 +0000 Just as an aside, I looked up your companies website and it would seem that you guys have a great offering  :)

]]> c7aa2bec7b7b56adfe3cfbafece30821 Spongy replied to the topic Refinancing cross-colateralised (split) loans in the forum Finance https://www.propertyinvesting.com/topic/4409723-refinancing-cross-colateralised-split-loans/#post-4693347 Wed, 17 Jul 2013 10:16:51 +0000 Thanks Grant.  I'll definitely be passing all of this on to him!

]]> 9e4e5b6cfeb41d75d6a7c09f72c2eba1 Spongy replied to the topic Refinancing cross-colateralised (split) loans in the forum Finance https://www.propertyinvesting.com/topic/4409723-refinancing-cross-colateralised-split-loans/#post-4693345 Wed, 17 Jul 2013 05:57:08 +0000 Thanks Terry.

]]> fab8984307e495b2be586c9a9f6fa9fb Spongy replied to the topic Refinancing cross-colateralised (split) loans in the forum Finance https://www.propertyinvesting.com/topic/4409723-refinancing-cross-colateralised-split-loans/#post-4693343 Wed, 17 Jul 2013 05:39:15 +0000 Thanks Terryw, would you be happy to expand further on some of the key issues regarding tax and asset protection.  At the moment all the properties are in his name only, so I wouldn't have thought he'd be afforded any real asset protection now with the current structure anyway. 

]]> 11992e56958d8181f73279ea3c8844f4 Spongy replied to the topic Refinancing cross-colateralised (split) loans in the forum Finance https://www.propertyinvesting.com/topic/4409723-refinancing-cross-colateralised-split-loans/#post-4693342 Wed, 17 Jul 2013 05:35:50 +0000 Thanks for the response.  Just to clarify, are you saying that if he was to increase borrowings again with his current lender, and he's paid LMI previously, that he wouldn't effectively have to pay it again?  I assume this wouldn't be for new loans or properties, just the existing ones where he has previously paid LMI? 

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