PropertyInvesting.com | Sundance | Activity https://www.propertyinvesting.com/members/sundance/activity/ Activity feed for Sundance. Wed, 15 Apr 2026 00:50:25 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 901855b200d499556454da2a92fd929a Sundance replied to the topic Interest only loan investing in the forum The Newbie Investor wrote:Hey https://www.propertyinvesting.com/topic/4410775-interest-only-loan-investing/#post-4699704 Mon, 03 Mar 2014 06:58:10 +0000 The Newbie Investor wrote:
Hey Jamie

Thank you, I am confused about the tax deductible and non deductible side. So if I had a PPOR with interest and principle loan and decided to buy a new property  to live in, would it be bad to rent out my PPOR, be better off just buy and hold strategy and sell it than rent it.  Man these structures get…[Read more]

]]> e2c31eefa41dc919ecf8f8014cd5f0ec Sundance replied to the topic Looking for a good mortgage broker and info on home loans in the forum Finance https://www.propertyinvesting.com/topic/4410776-looking-for-a-good-mortgage-broker-and-info-on-home-loans/#post-4699712 Mon, 03 Mar 2014 04:07:18 +0000 DerekLangan wrote:
Why would recommend Jamie?  Just wondering if it would be worth speaking to someone long distance or trying to go locally

If you look back through the forum posts you'll see that Jamie is a well respected broker for a lot of property investors who use this forum.  When I bought my first investment property I did it without…[Read more]

]]> 1fa46c92496fa40f9a72eaa4d827c4bb Sundance replied to the topic Looking for a good mortgage broker and info on home loans in the forum Finance https://www.propertyinvesting.com/topic/4410776-looking-for-a-good-mortgage-broker-and-info-on-home-loans/#post-4699709 Mon, 03 Mar 2014 03:36:22 +0000 Hi Derek

In this day and age there's no need to find a broker in your local area.  I'm in Qld and can recommend Jamie M who helped me with previous purchases.   He'll run through all the options for you.  Can all be done by phone/email.

Cheers,
Sundance

]]> 3e61344e69b206204cc53c448f768e06 Sundance replied to the topic Family member refusing to leave IP in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4410763-family-member-refusing-to-leave-ip/#post-4699599 Thu, 27 Feb 2014 10:38:40 +0000 Hi Polaris,

I understand that you are caught between a rock and a hard place because there is a child involved and no-one wants to see a child suffer and this person knows this and is using it to their advantage.

You've tried politely asking them to move on and they keep stretching it out and you don't really want to have to evict them. …[Read more]

]]> ab9ca589788317ff70311584523e1a8f Sundance replied to the topic Book bundle - Brisbane in the forum The Treasure Chest https://www.propertyinvesting.com/topic/book-bundle-brisbane/#post-4694883 Mon, 10 Feb 2014 00:20:32 +0000 Have sent a PM to tyler_durden76au

Books have already been sold.

Cheers,
Sundance

]]> 71f30f544a096c0f7b76939901637dbb Sundance replied to the topic Confused - rent out PPOR or IP? in the forum Thanks Catalyst, you've https://www.propertyinvesting.com/topic/4409899-confused-rent-out-ppor-or-ip/#post-4694167 Sat, 24 Aug 2013 09:50:57 +0000 Thanks Catalyst, you've answered my question perfectly!  yes 

]]> 6e410d1cd32576b5afe347d3183ee3c0 Sundance replied to the topic LOC's for dummies in the forum Finance https://www.propertyinvesting.com/topic/4409312-locs-for-dummies/#post-4690500 Sat, 11 May 2013 09:30:17 +0000 Thanks Jamie, that makes sense.  Should I now pay the extra to bring it back down to $60k?  At the moment I've set up a direct debit to pay it but in future am I better off waiting to see what the interest charge will be and then making the payment accordingly or just pay a bit extra each month?

]]> be0f148bec986d9716f0f8d417b9f2b3 Sundance replied to the topic My little girl :-) in the forum Forum Frolic https://www.propertyinvesting.com/topic/4409163-my-little-girl/#post-4689652 Sat, 13 Apr 2013 06:36:56 +0000 That's great news Jamie and I love her name!  The sleep deprivation only lasts a few years if you're lucky.  In the blink of an eye she'll be 18 and saying "Hey Dad, can I borrow the car?" and then it starts all over again!

Also congratulations to Big Sis.

Enjoy!!!!!

]]> 31c89b6670116509fd711609b78f5388 Sundance replied to the topic Settlement didn't happen in the forum Help Needed! https://www.propertyinvesting.com/topic/4409064-settlement-didnt-happen/#post-4689005 Thu, 28 Mar 2013 10:53:49 +0000 RPI wrote:
Part of slater and gordon solicitors. They will probably charge you to talk about your issue though.

Ok, didn't realise they were part of Slater & Gordon.  My error, just didn't check.  Wouldn't have used them had I realised as we've just used S&G in NSW to buy an investment property and I wasn't very impressed with them.

Thanks…[Read more]

]]> 531db0436da746cce6b2e7dd2a9dd7ea Sundance replied to the topic Settlement didn't happen in the forum Help Needed! https://www.propertyinvesting.com/topic/4409064-settlement-didnt-happen/#post-4689002 Thu, 28 Mar 2013 10:23:15 +0000 RPI wrote:
Conveyancers do not exist in qld. Only solicitors can do conveyancing in qld. D

We're using Conveyancing Works.

]]> 5aa833c1ffca7c3a48b12612b2aa4776 Sundance replied to the topic Settlement didn't happen in the forum Help Needed! https://www.propertyinvesting.com/topic/4409064-settlement-didnt-happen/#post-4689000 Thu, 28 Mar 2013 08:48:56 +0000 Thanks for that info, much appreciated.

We are dealing with a conveyancer for the sale, not a solicitor.  So what  you're saying is that if settlement doesn't take place we will need to see a solicitor to take it further?

Cheers,
Sundance

]]> 1da415f07292cd8a52ce5026114ca540 Sundance replied to the topic Settlement didn't happen in the forum Help Needed! https://www.propertyinvesting.com/topic/4409064-settlement-didnt-happen/#post-4688999 Thu, 28 Mar 2013 08:45:19 +0000 Hey there Jamie,

Thanks for that info.  Am trying to give them the benefit of the doubt and of course I'm hoping that it's just a hiccup and that settlement will actually take place but just trying to be prepared for all outcomes.

Tamworth property going well for us.  You must have your new baby due in a week or so?

Cheers,
Sundance

]]> 1fdbd3547f72cd8df8ce41e9df0360c3 Sundance replied to the topic Settlement didn't happen in the forum Help Needed! https://www.propertyinvesting.com/topic/4409064-settlement-didnt-happen/#post-4688998 Thu, 28 Mar 2013 08:42:26 +0000 Hi Terry,

All they've paid is $1k deposit – purchase price of land $220k.   Will check out contract.

Thanks for your help :)

]]> 04cba8b3fab71be0a41c4002f028da2b Sundance replied to the topic Should we buy PPOR or IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409025-should-we-buy-ppor-or-ip/#post-4688720 Sun, 24 Mar 2013 11:20:40 +0000 Thanks Terry.  I hear you about SMSF but we already have the two IP's purchased in our own names.

Cheers

]]> 027f014b3c4c5606672a9c667d49af77 Sundance replied to the topic Should we buy PPOR or IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409025-should-we-buy-ppor-or-ip/#post-4688718 Sun, 24 Mar 2013 10:14:59 +0000 Terryw wrote:
WHy have a PI loan at all. IO with offset may work better.

The only reason not to get an IO loan with offset like this is if you are tempted by large amounts of cash.

It is never a bad idea to pay down loans, but you never know when you may need cash for something unexpected.

When we first looked at investing in property our…[Read more]

]]> e57b90930cf84aadcce0c1656eed7dd0 Sundance replied to the topic Should we buy PPOR or IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409025-should-we-buy-ppor-or-ip/#post-4688716 Sun, 24 Mar 2013 06:02:54 +0000 Mmmm………..now I'm getting myself confused!

If I paid the $200k off the $285k investment loan and then switched it to P&I then the principal portion of the repayments would be calculated on $85k.

If I put the $200k into the offset instead and switched to P&I wouldn't the principal component of the repayment be calculated on $285k which would…[Read more]

]]> 4b72afe045641851496a0bed4c828434 Sundance replied to the topic Should we buy PPOR or IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409025-should-we-buy-ppor-or-ip/#post-4688715 Sun, 24 Mar 2013 05:41:37 +0000 Hi Terryw,

I was hoping you would pop in with some advice!  I think you've just answered my question in regards to whether to buy PPOR or IP.  We will definitely now buy PPOR.

In regards to paying the $200k off the investment loan and then switching to P&I – I guess we were assuming that we wouldn't have any need for the cash in the future so…[Read more]

]]> 17e606b4d1c7de8d824602cf96b581d6 Sundance replied to the topic Should we buy PPOR or IP? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409025-should-we-buy-ppor-or-ip/#post-4688713 Sun, 24 Mar 2013 04:44:27 +0000 APWPG wrote:
Hi Sundance ,I think you need a good Financial planner who knows what he is doing ,specially a property servy one .

Thanks for your advice Bill.  Can you recommend a property savvy FP in Brisbane? 

]]> 817e2dcf21ac9180d8175e0105babf16 Sundance replied to the topic buying sight unseen in the forum Help Needed! https://www.propertyinvesting.com/topic/4408751-buying-sight-unseen-7/#post-4686673 Mon, 18 Feb 2013 09:35:42 +0000 We've just bought our second investment property and this one was purchased sight unseen. 

We live in Qld and the property is in Tamworth.  Do lots of research on the area you're interested in and look at sold prices of similar properties.  Look at how many properties are available for rent etc.  Also make sure you do a pest and building…[Read more]

]]> f92e4d6f0bd12ae55a62e131f28f8318 Sundance replied to the topic Building Insurance advice needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4408525-building-insurance-advice-needed/#post-4684713 Thu, 24 Jan 2013 10:33:43 +0000 Nigel Kibel wrote:
I tend to use AAMI because on building insurance they do full replacement cover so you do not have to worry about being under insured. 

Many Australians in the past have been underinsured which has left people under insured by thousands in  some cases. Also stick to the major insurers my experience is that they pay…[Read more]

]]> d6309675899754586de79a16aff08612 Sundance replied to the topic Building Insurance advice needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4408525-building-insurance-advice-needed/#post-4684712 Thu, 24 Jan 2013 10:32:39 +0000 JacM wrote:
Gotta say I absolutely hate it when the insurance companies ask me how much it would cost to rebuild.  Those not regularly in the business of building things would not know.  I'd rather them keep a spreadsheet guiding them on the latest rebuild costs and advise me accordingly.  It's also very easy to forget things like the cost of…[Read more]

]]> 659d07a896e625ed4ef83356a800c186 Sundance replied to the topic Building Insurance advice needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4408525-building-insurance-advice-needed/#post-4684708 Thu, 24 Jan 2013 02:28:22 +0000 Jamie M wrote:
Ahhh – Tamworth settlement today. It just clicked!

Cheers

Jamie

Yep, it's me.  Very excited today!!!! 

]]> 7ddffb70c87b3b054e34b6cd19291242 Sundance replied to the topic Building Insurance advice needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4408525-building-insurance-advice-needed/#post-4684705 Wed, 23 Jan 2013 10:22:08 +0000 Catalyst and Jamie – good advice from you guys as always.  Will keep it insured for the $320k as is.  Hadn't really thought about the demolishing and being taken away side of it before.  I've also just had a look at how much my PPOR is insured for and I'm going to increase it tomorrow as I feel it's underinsured.

 Shahin – insurer is NRMA.  I…[Read more]

]]> 80809bd51fb7619242f12eebcc10f691 Sundance replied to the topic What's One Big Thing you'd like to Accomplish in 2013? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4408304-whats-one-big-thing-youd-like-to-accomplish-in-2013/page/3/#post-4682761 Tue, 01 Jan 2013 10:13:09 +0000 My intention is to stop being a "gonna" and become a "doer".  In 2013 I will:

1. Settle on IP 2 later this month.

2. Buy year IP 3 and 4. 

3. Sell land that's been on the market for way too long.  Have just reduced price drastically so hoping to attract a buyer soon.

4. Sell PPOR and downsize to smaller PPOR.

5.  Put excess funds towards…[Read more]

]]> a8eb424b33d41fd238bae4eca765f6f9 Sundance replied to the topic Finance Broker in the forum Help Needed! https://www.propertyinvesting.com/topic/4408230-finance-broker-2/#post-4682123 Fri, 07 Dec 2012 02:54:27 +0000 Can also highly recommend Jamie M on this forum.  He's just organised finance for our 2nd IP in NSW (I'm in Brisbane).  Doesn't really matter where you live or intend to buy – can all be done by phone and email.

Cheers,
Sundance

]]> 67de30b268df15038cfa5d5c20f8795b Sundance replied to the topic Greener than Kermit in the forum Help Needed! https://www.propertyinvesting.com/topic/4408165-greener-than-kermit/page/3/#post-4681655 Mon, 03 Dec 2012 10:45:13 +0000 Jewel47 wrote:
Hello All!

I am a first time poster but a long time lurker.  I feel like I already know everyone on the site!  I often speak to my hubby and say, well "TerryW said", "Jamie stated", "Jac made a good point about", "Richard suggested".  He thinks I am talking about people I know, lol.

I have just read your post out loud to my…[Read more]

]]> 8359e3bd3a3f4a179d312b0714128d04 Sundance replied to the topic How to find when a house was built in the forum Help Needed! https://www.propertyinvesting.com/topic/4407242-how-to-find-when-a-house-was-built/#post-4674491 Sat, 28 Jul 2012 09:59:20 +0000 JacM wrote:
What quantity surveyor are you using for the depreciation schedule?  Maybe ring around some others and see if they can manage to do a better job of figuring out when the place was built for you.

Hi JacM,I ended up filling in the form and guesstimating the construction date.  I'm sure they'll come back to me if they're not happy w…[Read more]

]]> cefa9537ea87a775c68a2d35648a3812 Sundance replied to the topic How to find when a house was built in the forum Help Needed! https://www.propertyinvesting.com/topic/4407242-how-to-find-when-a-house-was-built/#post-4674486 Thu, 26 Jul 2012 22:14:38 +0000 luke86 wrote:
Ring your council and ask for a copy of the occupation certificate, that will have the date on it. Its free.Cheers,Luke

Thanks Luke86, will give this a try.Cheers,Di

]]> 1dfa990fe83548947a40eea6f30cf5e5 Sundance replied to the topic How to find when a house was built in the forum Help Needed! https://www.propertyinvesting.com/topic/4407242-how-to-find-when-a-house-was-built/#post-4674485 Thu, 26 Jul 2012 22:13:07 +0000 Brokota wrote:
Hello Sundance, I have recently had depreciation schedules done on our houses and the business I paid to do them found out the build date as part of their research, thats what you pay them for. Also your local council will have records of when the house was built. I was advised by my council that if I wanted to know the build date…[Read more]

]]> 337393cc42cb38a0b927134b3e0da4c2 Sundance replied to the topic How to find when a house was built in the forum Thanks for your help https://www.propertyinvesting.com/topic/4407242-how-to-find-when-a-house-was-built/#post-4674480 Thu, 26 Jul 2012 11:13:10 +0000 Thanks for your help Brokota. 

My accountant advised that I'd need the build date before requesting a depreciation schedule and have just started filling out an online form to get a schedule done and they are also requesting the build date.   Think it may be best if I give the council a call on Monday and see if I can find out. 

I assumed tha…[Read more]

]]> fd9da7704bcd784259ad6af6661a5548 Sundance replied to the topic How to find when a house was built in the forum Help Needed! https://www.propertyinvesting.com/topic/4407242-how-to-find-when-a-house-was-built/#post-4674480 Thu, 26 Jul 2012 11:13:10 +0000 Thanks for your help Brokota.  My accountant advised that I'd need the build date before requesting a depreciation schedule and have just started filling out an online form to get a schedule done and they are also requesting the build date.   Think it may be best if I give the council a call on Monday and see if I can find out.  I assumed that bui…[Read more]

]]> 887d6328388e58ae6077d7ea207064e0 Sundance replied to the topic COmmonwealth MISA offset account and investment loan tax implications in the forum Help Needed! https://www.propertyinvesting.com/topic/4406944-commonwealth-misa-offset-account-and-investment-loan-tax-implications/#post-4672451 Mon, 25 Jun 2012 10:56:23 +0000 Jamie M wrote:

Sundance wrote:
There is an offset account against the loan.

Hi SundanceDo you have a PPOR debt or any other non-deductible debt such as a personal loan, credit card, etc? If so, knock that on the head first before placing funds into the IP offset. If you do have a PPOR loan – forget about using the IP offset and set up an…[Read more]

]]> dd636452775691d100676347fcfeba0b Sundance replied to the topic COmmonwealth MISA offset account and investment loan tax implications in the forum Help Needed! https://www.propertyinvesting.com/topic/4406944-commonwealth-misa-offset-account-and-investment-loan-tax-implications/#post-4672446 Sun, 24 Jun 2012 10:14:58 +0000 Hi James,I purhased an investment property several months ago through CBA.  There is an offset account against the loan.  Each week our wages get transferred to the offset account and we use our credit card to live off for the month.  I also transfer the rent received into the offset account.  At the end of the month I transfer the necessary fun…[Read more]

]]> 33a0bede0b3760bd4ced006c487a0bf8 Sundance replied to the topic Okay for IP loan to include buying costs? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406596-okay-for-ip-loan-to-include-buying-costs/#post-4669846 Thu, 17 May 2012 10:58:38 +0000 Thanks Terryw – I hear what you're saying but we have already structured the loan that way so the horse has already bolted so to speak.  Am just waiting on the sale of some land and will use the proceeds to pay down the IP loan anyway.  PPOR is owned outright so if worse came to worse we would sell it, downsize and pay down IP loan.  Cheers,Sundance

]]> 169b9379cf723f635b813345131ca4be Sundance replied to the topic Okay for IP loan to include buying costs? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406596-okay-for-ip-loan-to-include-buying-costs/#post-4669844 Wed, 16 May 2012 21:29:40 +0000 Thanks Jamie and Richard – the fact that all the costs were included in the loan was my main concern so glad to hear that's okay.  I realise that we have cross collaterised and have discussed my concerns with the bank but as we only intend to purchase one more IP and then pay both loans down I don't feel that this will be a problem unless I'm…[Read more]

]]> 5e36a6b7e2d0fc282d5597c222e5ae63 Sundance replied to the topic What to do with excess $ borrowed? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406376-what-to-do-with-excess-borrowed/#post-4667987 Sat, 21 Apr 2012 04:34:52 +0000 Thanks Richard and Terryw for your prompt repllies.Will get in touch with CBA and see whether they're willing to do anything before settlement.  Will definitely make sure I set this up correctly for IP2!!!!Cheers,Sundance

]]> 89299e9a65a9257be474c25d8c7ec95a Sundance replied to the topic What to do with excess $ borrowed? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406376-what-to-do-with-excess-borrowed/#post-4667984 Sat, 21 Apr 2012 04:14:13 +0000 Qlds007 wrote:
Sundance implications of C/C can be considerable. I am sure the CBA would have disclosed them to you. I am unsure why they did not loan against your own cash rather than your PPOR.If you are close to retirement and will be in pension phase you might want to seek Accounting advice before deciding to sell any of your cu…[Read more]

]]> 7ec0f5368df2ab59bfe9b320c30c5e74 Sundance replied to the topic What to do with excess $ borrowed? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406376-what-to-do-with-excess-borrowed/#post-4667981 Sat, 21 Apr 2012 00:52:45 +0000 Hi Terryw,That is very good advice.  So going forward from where I am now.  Own PPOR outright, just about to settle on first 1P.  Would like to purchase another IP within the next few months.  What is it I need from a professional at this stage?  Would the first step be to find a good accountant?  Or is it a broker?  My aim is to pay down the tw…[Read more]

]]> 28f2a87fe36a7bca1b7ec43758925aef Sundance replied to the topic What to do with excess $ borrowed? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406376-what-to-do-with-excess-borrowed/#post-4667979 Fri, 20 Apr 2012 12:19:13 +0000 Thanks Luke.  I appreciate what you're saying but this is a bit of a Catch 22 for me.  Damed if I do and damned if I don't.Twice in the last 10 years we have acted on the advice of financial planners and been severely burnt in the process.  The second time we lost a substantial amount of money.  I didn't really understand what we were doing at the…[Read more]

]]> 4f3ee76a894d25b4e928a4b9e02e147e Sundance replied to the topic What to do with excess $ borrowed? in the forum Hi Richard, No, not yet https://www.propertyinvesting.com/topic/4406376-what-to-do-with-excess-borrowed/#post-4667977 Fri, 20 Apr 2012 04:49:46 +0000 Hi Richard,No, not yet close to pension age but wanting to retire within the next three years.  (I'm 52, hubby 57).  Our goal is to have two IP's paid down as much as possible, sell our PPOR, downsize and then rent that out as well.  The object being that the rent from the three properties will supplement our income whilst travelling.  Hoping to p…[Read more]

]]> 4b76f3eedf01a2474eb603dc4f7d715a Sundance replied to the topic What to do with excess $ borrowed? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4406376-what-to-do-with-excess-borrowed/#post-4667975 Thu, 19 Apr 2012 21:32:48 +0000 Thanks for your input Derek, although I should have made it clear that what I was asking about was the non tax deductible portion of the loan in regards to taxation.  Richard – we own our PPOR outright.  We do have another loan of $188k but we also have $188k sitting in that offset account IO so not paying anything.  Yes, we will be setting up an…[Read more]

]]> f601d7d5bd014768326e8e33f45c9f1f Sundance replied to the topic Newbie - open to suggestions in the forum Help Needed! https://www.propertyinvesting.com/topic/4406013-newbie-open-to-suggestions/#post-4664918 Sun, 18 Mar 2012 10:06:24 +0000 Hi DB,Yes perhaps I'm being a little ambitious when I say I want to sell our PPOR, and have sufficient funds from the sale to pay what's remaining on both IP loans and downsize to a smaller PPOR.  Although while we're both still working we intend to focus on getting the IP loans paid down so I don't think this is unachievable.  We will also ha…[Read more]

]]> 2bee598a3f983633cf2a013a9965d2a7 Sundance replied to the topic Newbie - open to suggestions in the forum Help Needed! https://www.propertyinvesting.com/topic/4406013-newbie-open-to-suggestions/#post-4664914 Tue, 06 Mar 2012 21:33:05 +0000 Thank you to everyone who has replied to my post.  I am taking it all on board and trying to absorb everything.Firstly, I'll clarify my situation. Yes Freckle, your summing up is pretty accurate.  We will have enough in super to retire on if we want to work to age 65 – problem is that we'd like to retire in three years time instead.  Am not co…[Read more]

]]> abb6f047978b81572dc1c914fd5973f2 Sundance replied to the topic Newbie - open to suggestions in the forum Help Needed! https://www.propertyinvesting.com/topic/4406013-newbie-open-to-suggestions/#post-4664909 Sun, 04 Mar 2012 11:11:27 +0000 Thanks for your advice Jamie.  Am still getting my head around a lot of the terminology used with property investing so bear with me.  When you say not to "cross collaterise your unencumbered home with your investment property" are you saying not to use our PPOR as security on the loan to buy the investment property?  When we got pre-approval fr…[Read more]

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