PropertyInvesting.com | stuck-at-two | Activity https://www.propertyinvesting.com/members/stuck-at-two/activity/ Activity feed for stuck-at-two. Sun, 12 Apr 2026 21:23:48 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 0448b30e9a30f69c6c91800b479c7846 stuck-at-two replied to the topic Freakin Banks in the forum Finance https://www.propertyinvesting.com/topic/4392920-freakin-banks/#post-4585730 Thu, 17 Apr 2008 01:29:16 +0000 Well, Westpac had no interest in the proposed solution, even as a good will gesture, however they did come back saying they could drop the rate to 8.49%, (from 8.89%) as this is what is on offer at Bankwest at the moment (matching price). Still there are other things like a $900 deferred settlement fee and other fees applicable to the new loan…[Read more]

]]> cf59f499bf98863e1c48c2583cbc0921 stuck-at-two replied to the topic Freakin Banks in the forum Finance https://www.propertyinvesting.com/topic/4392920-freakin-banks/#post-4585729 Wed, 16 Apr 2008 00:42:22 +0000 Thanks Terry. Great idea. Have contacted Westpac and I'll let you know how I get on.

]]> 10ab31d33bbcb8fef8405fec84628901 stuck-at-two replied to the topic SMALL IMPROVEMENTS TO ADD VALUE TO RENTAL PROPERTY in the forum I always repaint the https://www.propertyinvesting.com/topic/4392897-small-improvements-to-add-value-to-rental-property-2/#post-4585647 Tue, 15 Apr 2008 08:59:43 +0000 I always repaint the bathroom if not fully tiled. For the cost of some good white paint ($100) and a good scrub, brings it back to life.

]]> ef9433a2c01ab0b2810c0bdf200e3345 stuck-at-two replied to the topic 4 in ten years. Suggestion? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4386010-4-in-ten-years-suggestion/#post-4550975 Wed, 05 Jul 2006 23:56:23 +0000 Doh, hes on leave till 17th…

]]> bca815be9f269dc773d93342bf0f0827 stuck-at-two replied to the topic Tax Accountant on Sunshine Coast in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4385975-tax-accountant-on-sunshine-coast/#post-4550871 Mon, 03 Jul 2006 07:55:19 +0000 The Ningi office in Brisbane looks like a donut shop. [evo]

]]> cdcd7450ba662654429d6a53b2ff5e1c stuck-at-two replied to the topic Sell Vs rent it out in the forum Help Needed! https://www.propertyinvesting.com/topic/4385888-sell-vs-rent-it-out/#post-4550337 Tue, 20 Jun 2006 07:05:51 +0000 I would sell and cut your loses. Sounds like it is not doing much for your health. I would suspect its going to be 3-4 years before you could come out square looking at todays market and based on what you borrowed.
Have you made a loss on this property? May be deductible on you income, so the loss may not be as big as first anticipated.

]]> ca040e7dc0d3a460b628edef66bba41c stuck-at-two replied to the topic accountant talking us out of trust in the forum No Subject https://www.propertyinvesting.com/topic/4385200-accountant-talking-us-out-of-trust/page/2/#post-4546123 Fri, 05 May 2006 00:01:16 +0000 Sorry, I know this is off the topic, but I just wanted to make mention that the Dale GatherumGoss’s book is pathetic. I dont know why so many people on here recommend it.
For $99 its a joke. He constantly repeats statements and facts sometimes 3 times in his book. (Its a book <edit>, I can go back pages and re-read it) It is poorly worded,…[Read more]

]]> 18886203797b9648848177eb66319247 stuck-at-two replied to the topic Tenant Responsibility in the forum Help Needed! https://www.propertyinvesting.com/topic/4385332-tenant-responsibility/#post-4546705 Thu, 04 May 2006 22:53:45 +0000 In NSW it is the same. YOU pay for the entire water bill. There is a clause that says, EXCESS useage is paid by the tenant, but hey, what is “excess” useage. Given that the actual water in kilolitres is usually a small proportion, I would just pay the bill, and claim it all in tax return
Electricity – Paid by Tenant
Phone – Paid by Tenant
Council…[Read more]

]]> 416cedfe7b2119e6e3e5fe8abeac892c stuck-at-two replied to the topic Property to Trust - Then sell? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4385037-property-to-trust-then-sell/#post-4545199 Tue, 11 Apr 2006 11:56:31 +0000 Damn, i figured this would be the case. I wish I knew of this website before i bought my properties. So it looks like there is now no way to minimise the $20k im paying in CGT. Wont make that mistake again!!
Cata, whom do you work for, do you have a website?
Redwing – HDT?? Acronym for?
(And I thought there was a lot of 3 letter acronyms in I.T..i…[Read more]

]]> dcde9d0e8c431f2094b2797721979668 stuck-at-two replied to the topic ASSET PROTECTION = BUY IP AS TRUSTS? in the forum No Subject https://www.propertyinvesting.com/topic/4384475-asset-protection-buy-ip-as-trusts/page/2/#post-4542393 Fri, 07 Apr 2006 21:51:26 +0000 Terry and Cata
You guys are awesome. Very forthcoming with info, even though there may be no financial reward.
May good karma come your way ten fold…or at least someone send you a case of beer

]]> 5fbfa7ddbfbbb52eff7b2d55f319dbb9 stuck-at-two replied to the topic The dilemma - Keeping stable tenant vs. big rent i in the forum No Subject https://www.propertyinvesting.com/topic/4384955-the-dilemma-keeping-stable-tenant-vs-big-rent-i/#post-4544700 Tue, 04 Apr 2006 09:02:34 +0000 If I were you, I wouldnt try to apply a scenario or theory from another industry to the property industry. Cliche’s sound great, but in fact sometimes are totally not applicable.
Maybe in this instance you cant put this issue into Dollar terms???. If you could, Im sure we could come up to tens of scenarios or calculations,.Besides every situation…[Read more]

]]> c064ad940d88b5371807654715df5015 stuck-at-two replied to the topic Finance and the 'unconditional approval' in the forum Finance https://www.propertyinvesting.com/topic/4384892-finance-and-the-unconditional-approval/#post-4544395 Tue, 04 Apr 2006 07:35:54 +0000 Havent delt with BW before. But I know how you feel with conflicting information. If I call the “mortgage centre” for the bank i deal with, god forbid I rip my hair out. None of them no simple policies on little things like applying for “maternity leave” on a loan. getting a bit of the topic, but over the passed 2 years I think i have applied for…[Read more]

]]> 9de60b0ac43f7121e6dae90ef7f92570 stuck-at-two replied to the topic ASSET PROTECTION = BUY IP AS TRUSTS? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4384475-asset-protection-buy-ip-as-trusts/#post-4542382 Tue, 04 Apr 2006 06:58:44 +0000 Yep, slightly confused now. (sarcastic)
I thought “Trusts” were a form of Asset Protection that couldnt be touched by anyone, since “I” dont essestially own them.

So, given the hypothetical situation of my wife/girlfriend seeking part of a property owned by a Trust, that I am a beneficiary of, I thought it was protected, yet now it seems,
1) The…[Read more]

]]> 72ad3876424f6cd17a6af9a3bfde709e stuck-at-two replied to the topic The dilemma - Keeping stable tenant vs. big rent i in the forum No Subject https://www.propertyinvesting.com/topic/4384955-the-dilemma-keeping-stable-tenant-vs-big-rent-i/#post-4544697 Tue, 04 Apr 2006 05:35:08 +0000 Yep, to me it sounds like the tenants are playing you for a fool, and whilst where at it, so is the managing agent.

Sorry to be harsh, but in this situation, I would also increase the rent, probably somewhere in the middle as shwing suggested. (then another increase in 12 months – 6 is to soon) I would take ownership of this particular issue.…[Read more]

]]> a431456fd207b2f57bcdc90d8bc7776b stuck-at-two replied to the topic What Structure? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4384944-what-structure/#post-4544634 Tue, 04 Apr 2006 04:38:33 +0000 Hey. Good line of thinking. Definitely get your structure right before doing anything. Def read “How to Legally Reduce Your Tax” by Tony Melvin & Ed Chan. I read this about 2 weeks ago, and its gives some really good insights. And its written so any moron can understand it. (Well I got it)… [blink]
After I finished reading the book, I got on…[Read more]

]]> 02ef2d1b35fe59a029ebb7a4ac1a5ddc stuck-at-two replied to the topic ASSET PROTECTION = BUY IP AS TRUSTS? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4384475-asset-protection-buy-ip-as-trusts/#post-4542379 Tue, 04 Apr 2006 04:31:47 +0000 Wait Wait Wait…

“A Trust therefore gives no added protection in a tort (civil claim for loss or damages through the courts) that can accurately target responsibility under the CORPORATIONS ACT at any individual involved in a company in some way, which may have defrauded or failed in a duty of care to, a client or supplier, or even another…[Read more]

]]> a73d29802b4f891f0d34ea41462f2d34 stuck-at-two replied to the topic Finance and the 'unconditional approval' in the forum Finance https://www.propertyinvesting.com/topic/4384892-finance-and-the-unconditional-approval/#post-4544393 Tue, 04 Apr 2006 04:16:02 +0000 I would dump BW. Technically if you dont get this property, you have lost nothing. Theres plenty of opportunities out there. At least now you know the standard that you want and can improve on that. Best to get setup correct first time round, esle is expensive exercise fixing later!! (trust me).
I would say waiting longer than one week for…[Read more]

]]> 94bb202b2867e416c189ee925c9e5c69 stuck-at-two replied to the topic Stamp duty on 2+ dwellings in trust structure? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4384518-stamp-duty-on-2-dwellings-in-trust-structure/#post-4542640 Wed, 22 Mar 2006 07:38:45 +0000 wow, awesome…cheap and quick..(once you understand the legailities and tax implications behind each, of course)
Thanks !!!!

]]> d2ccea03306ec667a6ce046ab0043034 stuck-at-two replied to the topic Stamp duty on 2+ dwellings in trust structure? in the forum No Subject https://www.propertyinvesting.com/topic/4384518-stamp-duty-on-2-dwellings-in-trust-structure/#post-4542638 Wed, 22 Mar 2006 05:42:52 +0000 Hey, in terms of cost for setup (rounded say to the nearest $100)
does anyone know what is the cost for setting up
1) Descretionary Trust
2) Unit trust
3) Hybrid trust
4) Bare Trust

Also lead time. eg: Can these be established within a week? Actually and whilst were at it, can anyone put down in say 10 point form, the order in which a trust is…[Read more]

]]> 7c5da609218eaa7444d1c1bafe86455c stuck-at-two replied to the topic Trusts and Companies in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4384542-trusts-and-companies-2/#post-4542736 Thu, 16 Mar 2006 06:53:21 +0000 Hey…like my logon name says…..any chance i can get in on this action….Maybe I can be Cc’d in on the answer to questions[bonjour]

]]> 3c3231a1ef6d9c34e8e4303ba0ba545b stuck-at-two replied to the topic The lowest basic variable rate? in the forum No Subject https://www.propertyinvesting.com/topic/4384676-the-lowest-basic-variable-rate/#post-4543395 Thu, 16 Mar 2006 05:40:36 +0000 Heya, Standard loan features should include;
1) Lump sum payments option (no fee)
2) Early payout with no fees.
3) Fortnightly payment option
(things you should not care about are things like Maternity leave – reducing payments when partner is pregnant) You really should get these features as you dont know when your circumstances will…[Read more]

]]> c82a6c92428e2c1a518f14efe500c832 stuck-at-two replied to the topic does spending $4000.00 on a driveway add value? in the forum Value Adding https://www.propertyinvesting.com/topic/4384281-does-spending-4000-00-on-a-driveway-add-value/#post-4541057 Thu, 16 Mar 2006 04:07:50 +0000 If the old driveway is cracked and unsightly, then a buyer may use this as leverage to lower the offer. If however the property itself is “as bad as the driveway” then they already know they are in for renovations.

You wont get the money back.

]]> e70f550d82de7ca5d802c964a83a52f2 stuck-at-two replied to the topic Settlement Help - Penalties in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4384353-settlement-help-penalties/#post-4541376 Wed, 22 Feb 2006 06:48:11 +0000 Have you asked them why the are delaying settlement? I would, on one hand, be approaching their solicitor and getting accurate information on why they are delaying, and as “politely” as possible state that you are eager to complete the sale, and would like a confirmed date of completion. On the other hand I would be doing my due deligence on whats…[Read more]

]]> 01874f8d98c9768dc3ecdcf77ea3ad8e stuck-at-two replied to the topic Whose responsible in the forum Help Needed! https://www.propertyinvesting.com/topic/4384419-whose-responsible/#post-4541703 Wed, 22 Feb 2006 05:48:29 +0000 UPDATE – Now they want to claim through the Car Insurance but want landlord to pay the the excess. Sounds dodgey??

]]> eff7fecc22c49b1286d9a41413e1cff6 stuck-at-two replied to the topic The perfect tenant - raise rent?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4383923-the-perfect-tenant-raise-rent/#post-4539379 Fri, 20 Jan 2006 05:51:29 +0000 Yes, this means be back to one. But I will have the opportunity to buy when the right propertieS arise. I have a unconditional loan approved as is (and have had for 3 months) and still cant find a property worth my time.

Interesting comments on the child welfare/payments thing. Anyone have an experience in this?? In know you get $3119 payment…[Read more]

]]> a617fbab9a353d40d469d903c2054091 stuck-at-two replied to the topic The perfect tenant - raise rent?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4383923-the-perfect-tenant-raise-rent/#post-4539374 Thu, 19 Jan 2006 04:47:17 +0000 yeah, I certainly get your point… its just a tough decision, i know i make it sound like Im selling to buy a car, but the main reasons to sell are (in order)
1) reduce payments on PPoR
2) ensure wife and baby have safe motor vehicle
3) Make good CAp Gain (and the vehicle is a gift for the hard work i had to do to make to CG)
Note I owned the…[Read more]

]]> bb3357d494f803e6bfd301fb4367cec9 stuck-at-two replied to the topic A Hypothetical Question. in the forum No Subject https://www.propertyinvesting.com/topic/4383759-a-hypothetical-question/page/2/#post-4538475 Thu, 19 Jan 2006 04:06:27 +0000 Hell Yes, show me my ten bangers. But your not getting a receipt!

]]> ef969adc80d76ae6cb3ff1c717f38839 stuck-at-two replied to the topic A Hypothetical Question. in the forum No Subject https://www.propertyinvesting.com/topic/4383759-a-hypothetical-question/page/2/#post-4538474 Thu, 19 Jan 2006 04:04:21 +0000 Hell Yes, show me my ten bangers. But your not getting a receipt!

]]> fffe8a2ae6ad1ec4061df7b9cf19c53e stuck-at-two replied to the topic Interest rates hike? in the forum General Property https://www.propertyinvesting.com/topic/4383890-interest-rates-hike/#post-4539171 Thu, 19 Jan 2006 03:57:38 +0000 was looking at fixing half mortgage as was lower rate than variable, but by the time i got off my butt, the fixed had a gain gone back over variable rate.
Well had for my fanancier.
I would think .5% by year end

]]> 29ca2b1cbc1b855b4b84c41d514c213a stuck-at-two replied to the topic The perfect tenant - raise rent?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4383923-the-perfect-tenant-raise-rent/#post-4539372 Thu, 19 Jan 2006 02:56:13 +0000 Thanks for the responses. Agree on the new car/2nd hand thing. Did I mention the missus is up the duff and her 92 Holden Nova doesnt have air co etc. Ill give her my car, and I get the newby/2nd hand car.
Also need to reduce payments on PPoR as wont have second income.
Your right, think im in win/win situation here. (Was my 1st IP so little bit in…[Read more]

]]> 3410b28a078d7432e856e7237db3e37c stuck-at-two replied to the topic What is your gearing ratio in the forum General Property https://www.propertyinvesting.com/topic/4383074-what-is-your-gearing-ratio/#post-4534664 Mon, 19 Dec 2005 09:20:45 +0000 56%

]]> 744aa1ab70363e584e4571a0e1f543f9 stuck-at-two replied to the topic 30% tax when selling IP. Whats the go? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4383415-30-tax-when-selling-ip-whats-the-go/#post-4536673 Fri, 02 Dec 2005 06:54:25 +0000 Thanks for the prompt response. Justed wanted to get one under the belt when purchased this IP. Def needs to go though, its at its maximum potential (well at least for the next few years) and I love the saying “Would you buy the property now for the price I want to sell for, and if the answer is no, then sell it”

]]> c302e284e05148961b812197dceb61e0 stuck-at-two replied to the topic Loan Repayment software? Or formula? in the forum Finance https://www.propertyinvesting.com/topic/4382813-loan-repayment-software-or-formula/#post-4533311 Fri, 02 Dec 2005 06:25:27 +0000 I called my bank a few weeks back and asked numerous staff how my monthly repayments are calculated. None of them could tell me. I raised a complaint and had one of there senior analysts call back, whim, still couldnt tell me. (down to the cent. Im pretty anal) Most recommended I use calculators on their website, which are inaccurate. (Especially…[Read more]

]]> d852f90904b44b417281a3effa5efc02 stuck-at-two replied to the topic What is your gearing ratio in the forum General Property https://www.propertyinvesting.com/topic/4383074-what-is-your-gearing-ratio/#post-4534661 Fri, 02 Dec 2005 05:46:13 +0000 How do I work it out [blink]

]]> ebbc4b1573260cd93201ed39e2b9e38c stuck-at-two replied to the topic Budget: Impact on Capital Gains Tax in the forum No Subject https://www.propertyinvesting.com/topic/4380199-budget-impact-on-capital-gains-tax/#post-4515770 Fri, 02 Dec 2005 02:47:48 +0000 I can also confirm that the CG “is” added to your taxable income, which in most cases (well if you invested wisely) will put you into a higher tax bracket. Damn it.. Whats this I hear about only paying 30% CGT regardless of your taxable income..anyone point me to a forum re: this??

]]> 92277860c56b43459c872711895f533c stuck-at-two replied to the topic Solicitor or conveyancer? in the forum No Subject https://www.propertyinvesting.com/topic/4368609-solicitor-or-conveyancer/#post-4432987 Thu, 09 Oct 2003 06:35:18 +0000 Go with a conveyancer. They specialise in the area. I once had a bad experience with a solicitor, because he palmed off the work to his 20 year old secretary becuase he was to busy to do the work himself.

]]> e228c8644a3e27671c39a5695ca2b207 stuck-at-two replied to the topic Thanks for the Tip 2 in the forum No Subject https://www.propertyinvesting.com/topic/4368560-thanks-for-the-tip-2/#post-4432671 Thu, 09 Oct 2003 06:19:04 +0000 What suburb/state? [:)]

]]> ce905181d410b46db51af0f16fc9e54f stuck-at-two replied to the topic Stuck at 2 - damn it in the forum Hotch Potch https://www.propertyinvesting.com/topic/4368616-stuck-at-2-damn-it/#post-4433034 Thu, 09 Oct 2003 06:15:24 +0000 The equity in the two properties has been used to purchase the third property. Owner occupied. Paid $325K, but borrowed $340K for all purchasing expenses (stamp duty). This house is valued at $390K. Last years profit and loss was a loss of $2500 (rates/strata)
I guess my question is, should I hang on to these two investment properties given there…[Read more]

]]> 46b95563140f45c7f9915578a4a0c4ba stuck-at-two replied to the topic To sell or refinance in the forum Hotch Potch https://www.propertyinvesting.com/topic/4368614-to-sell-or-refinance/#post-4433024 Thu, 09 Oct 2003 06:09:32 +0000 I recently refinanced two existing props into one loan (3 umbrella accounts)when buying a new property (3rd property). I went with a completely different lender. Not only did I better the ridiculous rate I had from the other two lenders (obtained 1 – 4 years earlier) but because I consolidated all loans into one loans (but three account numbers to…[Read more]

]]> ff40b0b53abcd164a7238ffd5d44ebb2 stuck-at-two replied to the topic Stuck at 2 - damn it in the forum Hotch Potch https://www.propertyinvesting.com/topic/4368616-stuck-at-2-damn-it/#post-4433032 Thu, 09 Oct 2003 05:53:28 +0000 Unit 1 Paid $85K in 2000 Valued $170K Rent $145wk. (but just rang real estate and increase to $155wk pending)
Unit 2 Paid $185K in 2002 Valued $230K Rent $250wk.

]]> bda95d4998ede074cec4bfc3dd265d37 stuck-at-two replied to the topic Re Steve’s final say (I can’t do it therefore….) in the forum Heads Up! https://www.propertyinvesting.com/topic/4368544-re-steves-final-say-i-cant-do-it-therefore/#post-4432567 Thu, 09 Oct 2003 05:43:58 +0000 Shut up, get over it and tell me how to make more money please.

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