https://www.propertyinvesting.com/members/stumunro/activity/ Activity feed for Stumunro. Mon, 13 Apr 2026 04:37:41 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 549c8eda36270cabd117f876c13f016c https://www.propertyinvesting.com/topic/4391364-australian-property-prospects-will-we-see-a-big-slump/#post-4576855 Wed, 07 Nov 2007 23:41:17 +0000 more about your situation scarecrow, how leveraged are you? are you using equity to service debt?

]]> 2eb88fc2cf77d6c4e3ea17c626be47c9 https://www.propertyinvesting.com/topic/4391333-still-landlords-forget-about-the-management/#post-4576738 Mon, 05 Nov 2007 20:28:22 +0000 Benjamin this is all beside the point!      at the end of the day any landlord can experience unfortunate incidents, we could also get run over on the street and you have little chance to stop either really apart from not walking on the road or not owning an investment property!!

]]> 678729754d1f8f554c647ff9e17bb49a https://www.propertyinvesting.com/topic/4391268-does-vendor-finance-save-on-cgt/#post-4576455 Sun, 28 Oct 2007 20:28:04 +0000 AS I understand the CGT he would only pay if he sells the house to you for a profit on what he bought it (a capital gain) If he sells it to you for the same price i don't believe there will be any CGT on the hand over.  Just like if someone sells a house undervalued, he doesn't pay extra tax because the value in effect might be higher. Does this s…[Read more]

]]> 94fbaa47d2ed6fb03eed8d162da5b9dd https://www.propertyinvesting.com/topic/4391159-the-bank-valuation/#post-4575884 Wed, 17 Oct 2007 04:41:09 +0000 what he's saying is that the valuation came in 25k less than the price he offered, which will affect what he can borrow as the bank will lend you either the purchase price or the valuation WHICHEVER IS LOWER.   when a valuater looks at the property they base it on comparable sales, as well as cosmetic improvements but it is not uncommon for pu…[Read more]

]]> ff3bd02d69211b4dfb69eb1a849e7520 https://www.propertyinvesting.com/topic/4391162-about-to-move-to-new-house-when-to-get-connected-to-electricity-gas-and-water/#post-4575893 Tue, 16 Oct 2007 22:17:30 +0000 all services will be on when you get there, just ring when you settle and let them know you are moving properties

]]> 3ddab7676adedc5cd443dccc65fb982f https://www.propertyinvesting.com/topic/4391116-buying-off-the-dept-of-housing-property-vandalised-before-bank-valuation-what-rights-do-i-have/#post-4575716 Tue, 16 Oct 2007 22:11:57 +0000 At the end of the day, is buying ex housing commisson houses really worth it? I can understand looking for good cheap yielding properties but when the maintenance goes through the roof due to vandalism etc. is  it worth it?  please discuss further

]]> 9b4b5e99406ef5f75d8d5328615f3b65 https://www.propertyinvesting.com/topic/4391156-cashed-up-not-sure-which-way-to-go/#post-4575867 Tue, 16 Oct 2007 22:03:58 +0000 Would cost you an absolute mint to develop the 4 blocks (full acre) is there a market for it in holbrook? (sorry i dont know much about the area) don't want to move too early on something that size because when it comes time to sell you want to be maximising profits for the project.  if your desperate for money you could sell it to a developer o…[Read more]

]]> 243f0672fa604630201976d813a5d864 https://www.propertyinvesting.com/topic/4391140-i-am-looking-for-recycled-hardwood/#post-4575807 Tue, 16 Oct 2007 05:40:33 +0000 http://www.ironwood.com.au (formerly known as roselle recycled woods)

]]> 3f8db3c4f6a7cf5307930bbff984bfae https://www.propertyinvesting.com/topic/4391076-residex-top-100/#post-4575555 Tue, 16 Oct 2007 05:37:31 +0000 try paying for it like the rest of us

]]> e37b7c88829bdac18d670fd4540f128f https://www.propertyinvesting.com/topic/4391137-investment-coaching-what-qualifications-are-needed/#post-4575786 Tue, 16 Oct 2007 05:27:23 +0000 Could you share the course information vicgirl please ? I am interested in this also THANKS

]]> e8ec865586bfe87453f10ac8fe743af0 https://www.propertyinvesting.com/topic/4391111-financier-policy-on-small-blocks-of-units-changes-to-lvr/#post-4575666 Fri, 12 Oct 2007 03:55:24 +0000 With the tightening of lending criterior in the lo-doc tier it will be very hard to get finance for any more then 60% Definitely not with prime lenders, you could try no-doc but i don't think it would be allowed.

]]> 88d7975a5bff4d612c5ea4530372275e https://www.propertyinvesting.com/topic/4391097-selling-house-to-real-estate-agent/#post-4575626 Thu, 11 Oct 2007 21:42:57 +0000 Definitely agree with linar. Have you spoken to other REA about your property ? I can't imagine why it would take 7mths to sell unless they are not doing their job properly or its just too expensive!I may be looking at purchasing can you forward me the details? Maybe you can drop the agent and we can sell privately and we can halve the sale cost…[Read more]

]]> 00f20b5f4e19c12a79299bf3501c3fe8 https://www.propertyinvesting.com/topic/4391103-cancelling-cash-offer-development-purchase/#post-4575644 Thu, 11 Oct 2007 21:36:13 +0000 What area is it in? If you are worried about it find someone to buy you out for the 10 grand you put in and to take over the contract.

]]> f5fdcb17f2e8708d9d6185ebd4bbafd1 https://www.propertyinvesting.com/topic/4391097-selling-house-to-real-estate-agent/#post-4575623 Thu, 11 Oct 2007 05:05:35 +0000 Where abouts is the property if I may ask ? what price range

]]> 895b109ceb84ade5a9cb3df9843447b1 https://www.propertyinvesting.com/topic/4391069-how-much-commission-can-a-mortgage-broker-make-for-a-500k-loan/#post-4575530 Wed, 10 Oct 2007 04:04:27 +0000 Trail commissions are lost on refinancing too!

]]> e7cd0cdcceb3b418b69122b488a6c377 https://www.propertyinvesting.com/topic/4390790-car-park-space-as-an-investment/#post-4574142 Tue, 09 Oct 2007 05:23:49 +0000 you can do that ?

]]> fcc411cfb8f7bfe6a0f26d85cd4f704e https://www.propertyinvesting.com/topic/4391064-melbourne-and-sydney-booming/#post-4575519 Mon, 08 Oct 2007 22:00:46 +0000 I think our next growth cycles will be more of a steady growth rather then the crazy boom we experienced last time. Booms tend to alternate, you usually see a high ramping boom, followed by a slow steady boom; but as time goes on and people grow older and the next generation come into play then people jump on the wagon and we experience another…[Read more]

]]> 1ef28149b81dfc689d486d6571fc1c78 https://www.propertyinvesting.com/topic/4391057-need-your-opinion-on-my-next-reno/#post-4575501 Mon, 08 Oct 2007 07:53:17 +0000 if you were successful last time why wouldn't you??  to me its a no brainerp.s you dont have to sell it! borrow the money to renovate and re-finance and rent it for some more to help cover the interest costs!   ((assuming you have another income to facilitate the loan)) use the extra money you have gained to renovate another property p.p.s if yo…[Read more]

]]> 45ecca92a215135a076bada419d32b38 https://www.propertyinvesting.com/topic/4391045-the-never-sell-exit-strategy-explained/#post-4575429 Mon, 08 Oct 2007 07:30:24 +0000 nvme8 wrote:
Tax deductions on redrawn interest. . . If I decide to draw down 50k from one of my IP's equity, can I still get a tax deduction on the additional interest that is attracted? If not my positive cash flow position could be turned negative very quickly and in extreme cases I could get stuck in a downward spiral of redrawing to…[Read more]

]]> f9441dbb7bdfc7922d96cf6a94eaab64 https://www.propertyinvesting.com/topic/4391045-the-never-sell-exit-strategy-explained/#post-4575428 Mon, 08 Oct 2007 07:25:21 +0000 Does that count as a form of income Marc? Is there a need to pay tax on this draw down? Also  keeping in mind that any equity you draw against will incur extra interest so if you are using that strategy to get out of working then you would need to be in a better position then cashflow neutral ? Sorry if I'm confusing the situation

]]> 0494ee3516827b26fd2d5d2b84385a14 https://www.propertyinvesting.com/topic/4391052-ultimo-good-for-investing/#post-4575475 Mon, 08 Oct 2007 07:06:06 +0000 ultimo is a good little suburb which HAS shown above avg yield (due to uni) and decent growth in the city area. Just be careful as its demographic for tenants is generally still a pretty young age bracket, and you will find yields will still need to stay at somewhat affordable levels.Look at the strata levys and also sinking fund, if theres not…[Read more]

]]> 7897c326a703e8d8f1c04b530789fce5 https://www.propertyinvesting.com/topic/4390985-anyone-interested-in-investing-in-new-zealand/#post-4575033 Mon, 08 Oct 2007 04:44:38 +0000 I haven't found it too hard because my background is half filipino so i have old relatives from over there who can speak the dialect and check things out for me ! I can keep you up to date when i get some good real estate contacts over there if you like, i am travelling there in january to scope it all out

]]> b3d52e830c99e941c550ddbbc17cb380 https://www.propertyinvesting.com/topic/4390985-anyone-interested-in-investing-in-new-zealand/#post-4575031 Mon, 08 Oct 2007 03:35:09 +0000 Yeh im an invester and a buyers agent i own two negative geared properties, one in sydney, nsw and one in morayfield, queensland.  Ive experienced about 16% growth in my portfolio over the last year and a half and am yielding about 5% in return of rent. So i am not complaining, the Sydney property is bringing the average down a little, but im n…[Read more]

]]> 9e810b171641d6a21edfbcd38a308a98 https://www.propertyinvesting.com/topic/4390985-anyone-interested-in-investing-in-new-zealand/#post-4575029 Mon, 08 Oct 2007 01:36:48 +0000 Why are they selling for under valuation?     What area in NZ are they? It's a funny market NZ right now! With the NZ dollar the strongest it has ever been (i think) and property prices having had really good growth the last few years it's questionable whether we see it continuing to go so well!  Tell me your thoughts

]]> d30749308a3ac3789f3b1d3fdba5f4af https://www.propertyinvesting.com/topic/4391034-importing-not-property/#post-4575353 Sun, 07 Oct 2007 23:45:57 +0000 Not sure if this helps but, there are finance companies out there that let you borrow money for stocktake. Obviously the numbers have to add up and also whether you can borrow the money to purchase stock from overseas, is beyond me! but just thought id mention it just in case.

]]> 9c34d6c8271a311f03eed3a5e26b3361 https://www.propertyinvesting.com/topic/4391045-the-never-sell-exit-strategy-explained/#post-4575425 Sun, 07 Oct 2007 22:23:50 +0000 The reason why people don't like selling is that your profit is usually chewed in half by taxes. Buying and holding should see you have a generous positive cashflow income at anywhere between 3 – 10 years (in theory and depending on interest rates etc.) and alot of people build their wealth based on that. Re-Financing lets you free up any eq…[Read more]

]]> fe276e8208ca6930e088f98678c7a83c https://www.propertyinvesting.com/topic/4390985-anyone-interested-in-investing-in-new-zealand/#post-4575027 Sun, 07 Oct 2007 22:09:57 +0000 and whats your stake of interest ?

]]> 8fb926ae2c67beea2b69be8245f83c6d https://www.propertyinvesting.com/topic/4391029-like-pinning-a-tail-on-the-donkey/#post-4575318 Sat, 06 Oct 2007 01:59:42 +0000 Actually you do have to be careful when you buy propertey! It all works in cycles and as alot of people will remember being burnt at the last boom (buying at the height of the boom / only to have the values correct themselves the next year and have no growth for the next 3) you need to be wary of how the markets are!! NOW if you have enough…[Read more]

]]> 80bc8e1b7b73227517ea3c57bce15f4c https://www.propertyinvesting.com/topic/4389796-our-first-reno-project/page/14/#post-4568710 Fri, 05 Oct 2007 22:36:08 +0000 Crashy you have good points to make, but I think sometimes you don't bring them around in the same light that you mean them?

]]> d0f8dc291a668cae4761a9c7081a84a8 https://www.propertyinvesting.com/topic/4390973-buyers-agent-taking-too-long-to-source-for-property/#post-4574959 Fri, 05 Oct 2007 22:25:35 +0000 Just be careful which buyers agent you use!! It should not take you 6 months to find a property at all! Also when using a BA don't use ones that charge a percentage of the purchase price!! It does not make sense that his pay is dictated by the purchase price, when he is trying to get as low a figure as possible for you. Make sure your BA is…[Read more]

]]> 7c11ba185e962382714313d89115cb4e https://www.propertyinvesting.com/topic/4390953-sydney-ripe-with-opportunities/#post-4574873 Fri, 05 Oct 2007 06:52:09 +0000 Hills district is one of the hardest areas for sales in Sydney at the moment. Castle Hill is THE worst suburb in sydney for clearance rates, the prices are quite steep, especially when you can go 10-15 mins west / south and get some new houses there for alot cheaper. With Sydney the Hills area use to be where people would move out to so called…[Read more]

]]> afc628d6d531ea92c2e6892bc76db0e2 https://www.propertyinvesting.com/topic/4391021-is-south-australia-still-positive-for-positively-geard-investments/#post-4575272 Fri, 05 Oct 2007 06:29:14 +0000 Also it is important to note  that the term positive geared is different to positive cashflow. Generally speaking positive geared means the rent will cover the mortgage costs.  These days it is common that people talk about positive cashflow which isn't necessarily a positive geared property, but through depreciation and tax breaks it becomes + ca…

]]> 02e56c09c3ff5f33b838605f18d17627 https://www.propertyinvesting.com/topic/4391014-i-know-theres-an-opportunity-here-somewhere/#post-4575229 Fri, 05 Oct 2007 05:56:44 +0000 Just be careful with your no doc / low doc loans as there are alot of uncertainties in the air regarding that level of lending! Make sure you do research and speak to professionals about it, not a buyers agent who is better off giving advice about buying property and not the financial side Just remember if she is being paid cash in hand, and…[Read more]

]]> 1c4c02caf62b5d78a8559ed908dfe836 https://www.propertyinvesting.com/topic/4391021-is-south-australia-still-positive-for-positively-geard-investments/#post-4575267 Thu, 04 Oct 2007 06:08:52 +0000 Actually I didn't say the ONLY positive geared properties are in mining towns, i said that the only ones that are easy to find, i.e advertised as 10% yield on realestate.com.au are ones in risky mining towns.  Yes there are good deals out there, but you have to work hard for them, including canvassing specific areas you have researched, speak…[Read more]

]]> a456062e5d9bcfe330363b2db0c34bb2 https://www.propertyinvesting.com/topic/4389796-our-first-reno-project/page/13/#post-4568700 Thu, 04 Oct 2007 03:52:38 +0000 Well done Jase and Flic!   and well said K  ….

]]> 74c78910c2577c3ac47182552a13f866 https://www.propertyinvesting.com/topic/4391020-equity-to-buy-again/#post-4575250 Wed, 03 Oct 2007 22:49:08 +0000 You can use the equity however you like! Banks will throw the money at you, regardless of what you use it for (Do not use the money for anything else but re-investing!!!!)! Just keep in mind that if you are re-financing your loans to re-invest you will be paying interest on 100% of the purchase price, as you are borrowing against the equity of…[Read more]

]]> 5498146667279b4c1a0e7055438a0968 https://www.propertyinvesting.com/topic/4391021-is-south-australia-still-positive-for-positively-geard-investments/#post-4575261 Wed, 03 Oct 2007 22:16:06 +0000 Try reading through the archives of the forums, you'll see this question is getting very very old. What are the results of the market research you have found in these areas? Surely this should tell you what is out there or what not? People make opportunities through good investing and massive amounts of reasearch, those that they do find are r…[Read more]

]]> 08775ecc180d7d948782eb03757d4f9b https://www.propertyinvesting.com/topic/4390953-sydney-ripe-with-opportunities/#post-4574870 Wed, 03 Oct 2007 21:54:22 +0000 Sydney on the whole is holding steady but i expect over the next two years it should ramp up to some good growth. There are areas which are booming (of sorts) in the lower north shore, such as north ryde, macquarie park, epping, lane cove west due to the new rail line. Inner west should continue above avg growth compared to the rest of Sydney b…[Read more]

]]> c2ef24c2b8a3b4681b697f644660a700 https://www.propertyinvesting.com/topic/4390915-flips-onselling-a-contract-how-specifically/#post-4574709 Fri, 28 Sep 2007 05:56:03 +0000 Do you guys have any stance on licensing issues? Will he have to consult a licensed r/e agent for the deals?

]]> e8989c1c1907ef49d350f9f202d33d82 https://www.propertyinvesting.com/topic/4390970-renovating-smaller-properties-for-smaller-profits/#post-4574929 Fri, 28 Sep 2007 05:45:38 +0000 The renovating strategy will always work if you sell the property for more than all your costs put together.The problem being that there are many costs apart from just the renovation that fall into play. Take into consideration, Stamp Duty, Mortgate Duty, Solictors Fees, Building Inspection, Mortgage Costs and Sellings costs.  The beauty about re…[Read more]

]]> 7505aba6c677e5137ddcd9668e25a983 https://www.propertyinvesting.com/topic/4390857-fist-ip-buy-now-or-wait/#post-4574423 Thu, 20 Sep 2007 21:33:07 +0000 A good buyers agent will save you money, but you can save yourself the same amount by doing your homework and due diligence.  I used a buyers agent for my 2nd IP and i don't regret it at all. there were many things about investing which she taught me, and also i had never bought in QLD, and the negotiating / contract process is different to what…[Read more]

]]> fd932e8086fea0ce7f32524bba03e6d2 https://www.propertyinvesting.com/topic/4389796-our-first-reno-project/page/11/#post-4568663 Thu, 20 Sep 2007 02:57:51 +0000 Awesome job mate. I am gobsmacked at how great you have transformed this house and on that good a budget. you are a deadset inspiration

]]> 74e60c94e1bb941c4fc4016f99968f31 https://www.propertyinvesting.com/topic/4390792-investment-property-to-sell/#post-4574161 Fri, 14 Sep 2007 06:44:57 +0000 Speak to some real estate agents in the area about some comparison prices of recent sales history. I am an investor, who lives in Sydney and i feel that alot of sales are going to cashed up execs / families moved here from overseas rather than investors who have mostly gone out of state. It's impossible to speak so generally about what your str…[Read more]

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