PropertyInvesting.com | summersky | Activity https://www.propertyinvesting.com/members/summersky/activity/ Activity feed for summersky. Mon, 13 Apr 2026 16:37:24 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 2187f7c903891324f51c2040d35e9f33 summersky replied to the topic whats best.. super or property? in the forum No Subject https://www.propertyinvesting.com/topic/4387501-whats-best-super-or-property/page/2/#post-4557887 Sun, 07 Jan 2007 04:42:57 +0000 Here I am again.. and over a month down the track from my 1 st question that kicked off this thread. Just an update. I decided to jump in and buy another IP after all… but this ones off the plan, & nice. So it means in 2 yrs I will have to come up with some serious cashflow by then. (Borrowing total amt + costs. ). In meantime all I have to pay…[Read more]

]]> 12eea66127be6161f315f75acaf11a8e summersky replied to the topic Any advice greatly appreciated! in the forum Help Needed! https://www.propertyinvesting.com/topic/4387822-any-advice-greatly-appreciated/#post-4559396 Wed, 03 Jan 2007 00:40:53 +0000 Happy New Year Folks![biggrin] Here we go again.
While we are on this topic , thought that I could pick you’all brains re problem/question.
I am both citizen of Aus & UK. Living in Aus for 30+ years continuously (apart from UK holiday breaks). My old father lives in UK. Has his own purchased home. However, its way too much for him now, and needs…[Read more]

]]> a7ae7b586e24550ae539d8ee7d2ade7c summersky replied to the topic How to negotiate flat fee for property management? in the forum Help Needed! https://www.propertyinvesting.com/topic/4386863-how-to-negotiate-flat-fee-for-property-management/page/2/#post-4554999 Sat, 30 Dec 2006 01:09:55 +0000 My prop man fees are 7%. These should never increase their %age, as the rents increase, so will their $s earned. Had one once that suggested they would like to raise their man fees by 1/2 a percentage point, as costs and CPI are affecting business. RIGHT!
Pull the other one, it has bells on!
Anyway, usually at the beginning of the property manging…[Read more]

]]> f5a256d990fa85d5a1766dda1135d5d0 summersky replied to the topic Bank Valuations - Conservative? in the forum Help Needed! https://www.propertyinvesting.com/topic/4387677-bank-valuations-conservative/#post-4558691 Fri, 15 Dec 2006 11:17:50 +0000 BreakEven… once you get the independent valuation… would you post it on this thread… now I am sure that we are all interested. I am in a (almost similar position to you). I have unit in Brisbane, 2 bed, within 3 kms of the CBD.
4 yrs ago the banks valuation on it was $300k. We have used that valuation since, as the price would have dropped…[Read more]

]]> 822214c48db656cefbb1689c4d745471 summersky replied to the topic Where to buy these shares? in the forum General Property https://www.propertyinvesting.com/topic/4387560-where-to-buy-these-shares/#post-4558161 Tue, 12 Dec 2006 01:23:37 +0000 Thanks Marc & Simon. Have taken all on board… thinking….[cap]

]]> 5c4828ed934a85fdaaa4adcf5583cb3c summersky replied to the topic property investing,help needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4387630-property-investinghelp-needed/#post-4558485 Sun, 10 Dec 2006 01:48:24 +0000 Hi Jaydee. Best advice I was ever given is “Dont Panic!” and never make any decisions, nor ‘go with your ideas’ while you are in fear, panic or confusion mode. You will more often that not make the wrong call, and kick yourself later. See accountant to make sure you’re getting max benefits .Ask bank to give you a cut on interest rate etc, unless…[Read more]

]]> 98cde1df99ba400d85b938faf0d67cb6 summersky replied to the topic New to Investing in the forum Help Needed! https://www.propertyinvesting.com/topic/4387542-new-to-investing-3/#post-4558071 Thu, 07 Dec 2006 11:50:45 +0000 Hi Bez. You are asking reelly good, logical questions… I am sure you’ll do well.[exhappy]
Mentor is good. Someone who has nothing to gain from your wallet though.

]]> 07a526bc71bbe0fbb08608835eba0ece summersky replied to the topic Passive income apart from property? in the forum Creative Investing https://www.propertyinvesting.com/topic/4386799-passive-income-apart-from-property/page/3/#post-4554682 Thu, 07 Dec 2006 11:39:10 +0000 Hey this thread is full of bright sparks and comedians! (What was the question again?)
Oh yes… a ‘friend’ of mine borrowed money from the bank …..at variable rates, ……and bought shares in an unlisted trust that pays 13 %income .
They pay back the banks interest owing each month, and pocket the profit. All that had to be done, is to pay…[Read more]

]]> da7c9ff3496cff875154b223c6b78d17 summersky replied to the topic Borrowing to Invest - Simple Question in the forum Help Needed! https://www.propertyinvesting.com/topic/4387610-borrowing-to-invest-simple-question/#post-4558390 Thu, 07 Dec 2006 06:12:56 +0000 Hi meatgroup.
reading the posts, & popped on just to encourage you not to be afraid of the -vely geared property,or other investments ,IF chosen wisely & for capital growth. If I was in your position, I would jump in… but thats me. Everyone has a different risk profile, cashflow etc.

I am earning $38 000 per annum gross. I bought my 1 st IP in…[Read more]

]]> cbc58b9d8e1319edec4d8422a8560173 summersky replied to the topic Where to buy these shares? in the forum General Property https://www.propertyinvesting.com/topic/4387560-where-to-buy-these-shares/#post-4558157 Sun, 03 Dec 2006 06:27:23 +0000 Thanks Marc.. bit of perspective there… appreciate the reality check[smiling]

]]> 2b0646a8a15876a209467a1c48c67353 summersky replied to the topic whats best.. super or property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4387501-whats-best-super-or-property/page/2/#post-4557886 Sun, 03 Dec 2006 06:22:58 +0000 thanks all.. and to cazmeister re small amounts in super. I did claim the co-contribution last yr… I didnt have to put in a huge amount either… think that the optimum for me was $450 of my own money. I used the ATO tax calculator to figure out the best amount.

Another question for y’all. Anyone know how bank guarantees work… if buying OTP?…[Read more]

]]> 8a28cfe2ffb97d62c0e67dda18a03e7b summersky replied to the topic Depreciation-Is it worth the hassle? in the forum Heads Up! https://www.propertyinvesting.com/topic/4387539-depreciation-is-it-worth-the-hassle/#post-4558047 Fri, 01 Dec 2006 00:40:10 +0000 Thanks Trajic
So I assume then that I’m not actually getting as much tax relief as I has thought, ( being on the lower tax rate). Bum

]]> a03b7e7034f6fa37e486d2e29dbe69ef summersky replied to the topic Depreciation-Is it worth the hassle? in the forum Heads Up! https://www.propertyinvesting.com/topic/4387539-depreciation-is-it-worth-the-hassle/#post-4558045 Thu, 30 Nov 2006 03:59:11 +0000 how does depreciation work? I have 2 IPs, and seems that I DO get tax break for depreciation. Bought new in 1999 and 2001 respectively. And isnt there building depreciation, as well as things like fridges, carpets, blinds etc? Is it a set % each your, and is it a tax offset, or do I only get 21%(my tax rate) of the depreciation amount back? I…[Read more]

]]> 4331c9863e524e1aa724bdd60a05f5e6 summersky replied to the topic Who has recently bought a cf +ve property? in the forum No Subject https://www.propertyinvesting.com/topic/4387419-who-has-recently-bought-a-cf-ve-property/page/2/#post-4557526 Wed, 29 Nov 2006 01:06:30 +0000 Land on the moon for sale!? You fair dinkum? I have to save up for a Virgin Galactic fare to view the site for my due diligence?
Honestly… wondering how that works?

]]> 9d95be679864ed2b9f00b5180e2fba60 summersky replied to the topic Line of Credit - Best practice for debt reduction in the forum Finance https://www.propertyinvesting.com/topic/4387506-line-of-credit-best-practice-for-debt-reduction/#post-4557916 Tue, 28 Nov 2006 03:39:16 +0000 Dear Terryw

I agree with the other posts.. Ok to have 2 x LOC s.Split or create another one.
make sure that you keep your personal incomings and outgoings seperate from investment LOC. Otherwise it developes into an accounting nightmare, you’ll pay higher accountant fees at tax time, and you will forever be asked the question…”is it for…[Read more]

]]> 46e68a178cebd53e675184bfca5d0121 summersky replied to the topic whats best.. super or property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4387501-whats-best-super-or-property/#post-4557880 Tue, 28 Nov 2006 01:26:42 +0000 Heck, thanks guys… I sure am glad that I found this forum… I will get on to that calculator
… and have a play around. My hope was that one day I could live off my investments and I think I just need to see myself as having lots of time to invest.

It is so true.. I DO want to travel and get out of the grind.. and see places.. and buy…[Read more]

]]> da6d8edc8bd1b37a27216202b1bde143 summersky replied to the topic whats best.. super or property? in the forum No Subject https://www.propertyinvesting.com/topic/4387501-whats-best-super-or-property/#post-4557877 Mon, 27 Nov 2006 08:41:29 +0000 Thanks LA Aussie… and all you other forumites… maybe I am getting too anxious. I have been stressing about this for 6 mths now. I really wanted to be retired before or at 60, as I would love to travel, but havent had the opportunity to. Suppose if I have to stack shelves for another few more years … so what! I’ll take a deep breath and…[Read more]

]]> b5b279309474c2fde02223badc84d468 summersky replied to the topic whats best.. super or property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4387501-whats-best-super-or-property/#post-4557875 Mon, 27 Nov 2006 04:57:26 +0000 I realise now that I should have given out more info… that would have helped in the 1 st place.
I am 54 y.o, have 2 IPs already. Value of them together $600-$650k. Total debt still owing on them is $408k. But I have already milked equity on them to buy shares in an unlisted company….which produce a very slightly positive income( and…[Read more]

]]> 150a11eb8a692812cd786d597ef94137 summersky replied to the topic whats best.. super or property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4387501-whats-best-super-or-property/#post-4557869 Sun, 26 Nov 2006 08:32:46 +0000 Wow! Hey guys.. I’m not used to being on such a fast moving forum… so thanks for taking time out to answer.. I appreciate the support

I realised on reading all your reply posts.. I paid 21% tax last yr, not 27%… my mistake , must have pressed the wrong key. Sorry for that blunder…( and on my 1 st post too!.[glum])
I am on 42 k per yr.…[Read more]

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