PropertyInvesting.com | steveod | Activity https://www.propertyinvesting.com/members/steveod/activity/ Activity feed for steveod. Sun, 12 Apr 2026 01:05:24 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 aa4998751201ae45f382acea2fc96ab6 steveod replied to the topic Positive backfire in the forum General Property https://www.propertyinvesting.com/topic/4369007-positive-backfire/#post-4436324 Sun, 26 Oct 2003 14:46:22 +0000 Hi everyone,
This is a very interesting discussion. My two cents worth is this. Yes, the rental market is declining (although not everywhere) BUT!! When interest rates rise and people who are on the borderline with their finances have to sell, there will be an increase in demands for rentals. The key to everybody’s strategy, no matter what your…[Read more]

]]> d64bf1ca1ee8b79a9e91dee10302c5f5 steveod replied to the topic Place comments about my spreadsheet here in the forum General Property https://www.propertyinvesting.com/topic/4369026-place-comments-about-my-spreadsheet-here/#post-4436442 Sun, 26 Oct 2003 14:33:37 +0000 Hi Fudge111,

I’d ;ile to have a look as well.

steveod@westnet.com.au

Thanks.

]]> 822d1811fafed73a9817a5ffcd569547 steveod replied to the topic Excel formula in the forum Hotch Potch https://www.propertyinvesting.com/topic/4368923-excel-formula/#post-4435295 Thu, 23 Oct 2003 14:40:17 +0000 Hi still_in_school (Sorry, don’t know your name[8D])

Would you mind e-mailing me a copy of your spreadsheet? steveodatwestnet.com.au

Thanks

P.S. I put at instead of @ to avoid spammers who run software programs over web sites to get e-mail addresses.

]]> d5f6fb33816121f58648705cb1385c61 steveod replied to the topic Favourite Movie? in the forum No Subject https://www.propertyinvesting.com/topic/4368361-favourite-movie/page/3/#post-4431320 Thu, 23 Oct 2003 13:52:58 +0000 I can’t believe that ‘Animal House’ with John Belushi didn’t get a mention yrt. Then again, I was 17 at the time. Maybe I’d better take another look if it’s still around[:D]

]]> 48b442ea116e6e431338f4e27dd69b12 steveod replied to the topic Having troubles with 11 second rule in the forum General Property https://www.propertyinvesting.com/topic/4368965-having-troubles-with-11-second-rule/#post-4435944 Thu, 23 Oct 2003 08:17:55 +0000 Hi Andrew,
There are definitely 11 sec rule properties out there. It just takes alot of work, and as others have said, don’t limit yourself to your local area.

Also, don’t ignore something if it is outside the rule. I just looked at 2 units for $140,000 ($70,000 each) and rented for $110 per week each. I found out tenants in both units had been…[Read more]

]]> 7e4b67e8ba8bcc8bde103f57cdc7db9f steveod replied to the topic investment property turn into superanuation in the forum No Subject https://www.propertyinvesting.com/topic/4368948-investment-property-turn-into-superanuation/#post-4435753 Wed, 22 Oct 2003 14:39:53 +0000 Yes, you can set up your own super fund. It is relatively easy and can be done with the help of your accountant. I don’t think that money you personally put in is fully tax deductible, but rather, it is taxed at a lower rate. Does anybody else out there know exactly?? Your accountant can set you straight with that though.

Regards,
Steve

]]> e22aab0aba7077c9ca4b208bdf127d9e steveod replied to the topic Superanuation.... in the forum No Subject https://www.propertyinvesting.com/topic/4368850-superanuation/#post-4434554 Mon, 20 Oct 2003 15:24:29 +0000 Craig,

I had my accountant halp set up mine. I suggest that you talk to your accountant who should be able to get things under way, or at least point you in the right direction.

Steve.

]]> d267d8984ca5d68be6bc7b3b8e4c05e2 steveod replied to the topic Property Management Fees in the forum General Property https://www.propertyinvesting.com/topic/4368854-property-management-fees/#post-4434614 Mon, 20 Oct 2003 15:05:57 +0000 Thanks everyone. This has helped alot. Getting back to the original reason for this post, one of the PM’s I contacted charges 9% letting fee of rent every time they renew the lease. EVEN IF IT’S THE SAME TENANT!!

I.E. Lease renewal for 6 months works out to the following. 26 weeks times $200 rent times 9% equals $468.00!!

Needless to say, I…[Read more]

]]> 9c01eed79b4ad354d62273f3cb2d7e7c steveod replied to the topic Superanuation.... in the forum Hotch Potch https://www.propertyinvesting.com/topic/4368850-superanuation/#post-4434549 Fri, 17 Oct 2003 13:59:26 +0000 Hi Jason,

Yes, it can be done and is a simple process. I have just done the same thing. Just decide which one you want to keep, then ring the other two to send out the paperwork to roll funds into your preferred super policy.

If you are seriously looking at running your own investment portfolio, it is also worth talkin to your accountant about…[Read more]

]]> 54e231a4ded76f46e32174e2af8ef995 steveod replied to the topic 11s rule in the forum General Property https://www.propertyinvesting.com/topic/4368730-11s-rule-2/#post-4433877 Tue, 14 Oct 2003 13:17:05 +0000 As I have found out since joining this forum, they are out there. It’s just a matter of a lot of time and effort and you will find them (I think that maybe this applies to anything worth having[8D]).
My family formed a syndicate two weeks ago and we have offers in on six properties that meet the 11 sec rule [:D]

Cheers

]]> e2bf4c01c398047bc468c76fa9f7167f steveod replied to the topic QS for NW WA in the forum General Property https://www.propertyinvesting.com/topic/4368754-qs-for-nw-wa/#post-4433974 Tue, 14 Oct 2003 12:45:55 +0000 This is probably a stupid question, but what do you use a quantity surveyor for??

]]> 124c8427e3df4763249a7ebc4f60cf4d steveod replied to the topic 11s rule in the forum General Property https://www.propertyinvesting.com/topic/4368730-11s-rule-2/#post-4433875 Mon, 13 Oct 2003 14:16:42 +0000 Basically it is a guideline for buying positive geared property and works like this.

Divide the weekly rent by 2 and then multiply by 1000. The figure that you come up wuth is the maximum that you should pay for a property and gives you a 10.4% return P.A. on purchase price.

Example:
Rent = $100/2 = $50
$50×1000 = $50000 max pusrchase…[Read more]

]]> 18751ae60bbf0e481562cc86c7eba414 steveod replied to the topic Buying without seeing in the forum General Property https://www.propertyinvesting.com/topic/4368682-buying-without-seeing/#post-4433561 Sat, 11 Oct 2003 15:19:20 +0000 Thanks for asking the question Jay, the replies have given me something to think about and has changed my mind on a potential deal. It is a unit for $60000 with weekly rent of $120. It is ten hours away by car and I was thinking of buying site unseen, (although I had a friend in the town, and I did see a digital photo) I think maybe I might just…[Read more]

]]> 3dc8631a29c059d9f994cc26bbc1a08c steveod replied to the topic WA Seminar??? in the forum Opinionated! https://www.propertyinvesting.com/topic/4368654-wa-seminar/#post-4433380 Sat, 11 Oct 2003 07:09:31 +0000 How many other West Aussies out there?? Let’s see if we can generate enough interest to get Steve over here[8D]

]]> c09c59e4e736698293251662c45460e8 steveod replied to the topic Retrieving old post in the forum Heads Up! https://www.propertyinvesting.com/topic/4368663-retrieving-old-post/#post-4433439 Sat, 11 Oct 2003 03:29:44 +0000 https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=4501

Regards,
Steve O’D

]]> c71f90068306eda642e3d43bed3fc0c9 steveod replied to the topic 0 to 130 In How Long?? in the forum Hotch Potch https://www.propertyinvesting.com/topic/4368635-0-to-130-in-how-long/#post-4433215 Fri, 10 Oct 2003 07:02:30 +0000 Thanks for the reply Steve. You mentioned that it alldepends on allocated resources as to how well we will go. As a group we have made a commitment, to have three people (myself, my son who works for me and my dad who is retired) actively working on sourcing new properties. An equivalent of one person full time is the goal. The financial…[Read more]

]]> 8882f06535f3892ab40e85308c150e0a steveod replied to the topic 0 to 130 In How Long?? in the forum Hotch Potch https://www.propertyinvesting.com/topic/4368635-0-to-130-in-how-long/#post-4433214 Fri, 10 Oct 2003 06:56:39 +0000 Thanks for the encouragement Leigh

]]> 79d21ecfa605496d0705090743b649b4 steveod replied to the topic Building a +ve cash flow property porfolio in the forum Hotch Potch https://www.propertyinvesting.com/topic/4368581-building-a-ve-cash-flow-property-porfolio/#post-4432802 Thu, 09 Oct 2003 13:48:35 +0000 Steve, your book is titled 0-130 in 3.5 but here you are saying to get just two in the first year. I am not having a go, I’m new to forum, looking to start investing and your advice seems at odds with your book. Looking forward to your response.
Steve.

]]> 2ea758228cc920d993d3f49172d7c045 steveod replied to the topic how to retire by 40? in the forum General Property https://www.propertyinvesting.com/topic/4368593-how-to-retire-by-40/#post-4432865 Thu, 09 Oct 2003 11:53:23 +0000 Where do we find this extra chapter? I would like to read it myself

]]> 7a0868cd3819cc52a308913d0eb8901b steveod replied to the topic Mentoring Question for Steve in the forum Hotch Potch https://www.propertyinvesting.com/topic/4368597-mentoring-question-for-steve/#post-4432919 Thu, 09 Oct 2003 09:02:03 +0000 The seminars sound great. Except for those of us in WA [:D] Steve, are you planning on coming to WA in the near future. Would love to go to one of your seminars if you do,
Thanks,
Steve (also) [:)]

]]> a9e4f692216994add8f3762ec8e83770 steveod replied to the topic Building & Pest Inspections in the forum No Subject https://www.propertyinvesting.com/topic/4368579-building-pest-inspections/#post-4432789 Wed, 08 Oct 2003 15:01:38 +0000 Hi Keith,

The only thing to add for the pest control is that the timber pest report should be done to as4349.3 (which covers all timber pests and not just termites) and the pesty should be conversant with this standard. If he doesn’t know it, DO NOT USE HIM. I am a pesty in WA and am continually blown away by the cowboys in the industry. It can…[Read more]

]]> 2a0d9630a1d68fb8678390edf18a0f2c steveod replied to the topic FHOG in the forum Hotch Potch https://www.propertyinvesting.com/topic/4368428-fhog-3/#post-4431768 Sat, 04 Oct 2003 04:35:07 +0000 Just one thing I would like to clear up. If kids purchase and decide they don’t want to move in (they possibly will move in, but not 100%), we would advise FHOG of this, not wait to get caught. Would there still be a penalty under these circumstances and do you still think this is unethical??

]]> b770e945c892a5306ea4facacd7c4089 steveod replied to the topic FHOG in the forum Hotch Potch https://www.propertyinvesting.com/topic/4368428-fhog-3/#post-4431765 Sat, 04 Oct 2003 03:31:37 +0000 Hi all,

I have another question regarding FHOG. The properties that my kids are looking at are in a place where they may not be able to move into. More likely that they wouldn’t then they would. If you receive FHOG and then later on let them know that you are not going to be able to move in due to circumstances, do you only have to pay back…[Read more]

]]> 66967cb674db9cbaf7166501b3efc6c1 steveod replied to the topic 11 sec rule is OLD lowball rule in the forum Opinionated! https://www.propertyinvesting.com/topic/4368411-11-sec-rule-is-old-lowball-rule/#post-4431703 Sat, 04 Oct 2003 01:01:27 +0000 Hi Guys,

A lot of OLD rules. But just like breathing, they seem to work [:)]

]]> e9e8e69d225f9e97716282be8f4e846a steveod replied to the topic Which clauses should be in offers & contracts? in the forum General Property https://www.propertyinvesting.com/topic/4368429-which-clauses-should-be-in-offers-contracts/#post-4431783 Fri, 03 Oct 2003 12:09:35 +0000 David,

A PPI is a Pre Purchase Inspection. Must be done to AS4349.3

A competent pesty should;
1. Be insured
2. Have at least Certificate 2
3. Be a member of AEPMA (Australian Environmental
Pest Managers Assosciation)
4. Be conversant with Australian Standards. If
he doesn’t know the standard, don’t get him!!

Also, I would never get a…[Read more]

]]> eadec7b1e13380fb812b61109f1defcb steveod replied to the topic Which clauses should be in offers & contracts? in the forum General Property https://www.propertyinvesting.com/topic/4368429-which-clauses-should-be-in-offers-contracts/#post-4431780 Thu, 02 Oct 2003 18:59:53 +0000 Make sure of the pest report wording. Many times there is evidence of termites (but no live ones at the time of the report) and the wording (usually written by a rep who is only interested in closing the deal) quite often states that live termites have to be found and in the house. This does not stack up with AS4349.3, which all PPI’s are suppose…[Read more]

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