PropertyInvesting.com | superAndrew | Activity https://www.propertyinvesting.com/members/superandrew/activity/ Activity feed for superAndrew. Mon, 06 Apr 2026 07:27:13 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 bce16d2b27a08cd77b213cb0df77b5fe superAndrew replied to the topic Tenants in common and co-owner can't be contacted. in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5019025-tenants-in-common-and-co-owner-cant-be-contacted/#post-5019421 Thu, 28 Jan 2016 03:45:03 +0000 @terryw would a claim for Adverse Possession be possible in this situation? The full rates have been paid by the owner claiming adverse possession. The deregistered company has never paid any of the rates or has had any involvement with the property.

]]> 0a0fb79618cfdcb2c96384c6d59ecbbb superAndrew replied to the topic Tenants in common and co-owner can't be contacted. in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5019025-tenants-in-common-and-co-owner-cant-be-contacted/#post-5019421 Thu, 28 Jan 2016 03:45:03 +0000 @terryw would a claim for Adverse Possession be possible in this situation? The full rates have been paid by the owner claiming adverse possession. The deregistered company has never paid any of the rates.

]]> 35ecb695ac6c79d67a3fecdde7f810fd superAndrew replied to the topic Tenants in common and co-owner can't be contacted. in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5019025-tenants-in-common-and-co-owner-cant-be-contacted/#post-5019421 Thu, 28 Jan 2016 03:45:03 +0000 @terryw would a claim for Adverse Possession be possible in this situation. The full rates have been paid by the owner claiming adverse possession. The deregistered company has never paid any of the rates.

]]> cbca7bc5135bb7385627f8c1946306b3 superAndrew replied to the topic Tenants in common and co-owner can't be contacted. in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5019025-tenants-in-common-and-co-owner-cant-be-contacted/#post-5019036 Thu, 14 Jan 2016 20:50:37 +0000 Thanks @terryw. I should have also mentioned that the owner is a private company that was deregistered in 1995.

Can they be sued for all the fees and taxes already paid?

]]> 4500e2c13e386a196f8960a549d6258d superAndrew started the topic Tenants in common and co-owner can't be contacted. in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5019025-tenants-in-common-and-co-owner-cant-be-contacted/ Thu, 14 Jan 2016 07:37:37 +0000 50/50 ownership split on qld property. Co-owner cannot be contacted and hasn’t been paying land tax/fees for over 2 decades. Anyone come across this before? What are the options in this situation?

Cheers
Andrew

]]> d516cd02ce62f5be422b99c10cfa6e7f superAndrew replied to the topic Start of our journey in the forum Help Needed! https://www.propertyinvesting.com/topic/5008798-start-of-our-journey/#post-5008802 Wed, 17 Jun 2015 01:58:56 +0000 Hi TFE

Why not keep the current unit and keep drawing on the equity to purchase more IPs?

And once you move into the new unit move all the funds from the offset account of the current unit to the offset account of the new unit (since it will be your PPOR). No need to pay down the mortgage of the new PPOR. This way you will always have access to…[Read more]

]]> 19359b4b51bc3238c3813f9978c22146 superAndrew replied to the topic Property Management Services in the forum General Property https://www.propertyinvesting.com/topic/5008440-property-management-services-2/#post-5008504 Tue, 09 Jun 2015 04:09:03 +0000 lol

]]> 5dc0afe61dc1e281d3a2d002d5b5c9e7 superAndrew replied to the topic How to protect current assets when not set up in a trust structure? in the forum Help Needed! https://www.propertyinvesting.com/topic/5008471-how-to-protect-current-assets-when-not-set-up-in-a-trust-structure/#post-5008503 Tue, 09 Jun 2015 04:07:49 +0000 For 1x PPR and 1x IP a Trust/Company is overkill. As you get more properties you can consider a trust for tax reasons as Corey mentioned.

It also depends on your profession and whether there is a high chance for you to get sued.

Andrew

]]> 0a57a28ed3ab78030fdd328afe177fdf superAndrew replied to the topic Property Investing mentor to speed things up in the forum Help Needed! https://www.propertyinvesting.com/topic/5006989-property-investing-mentor-to-speed-things-up/#post-5008502 Tue, 09 Jun 2015 03:54:30 +0000 Yeah maybe this is not the best advice on here… why don’t you let a car sales man fix your car at the same time?

The only person you can trust in any business transaction is yourself and someone who makes money if you make money (that is someone who gets a cut from your profit after you have been paid).

You said that you are new to property…[Read more]

]]> 84b3fc518a06ee4af792f05c73b4b286 superAndrew replied to the topic Investors renting PROS an CONS in the forum Help Needed! https://www.propertyinvesting.com/topic/5008007-investors-renting-pros-an-cons/#post-5008105 Sun, 31 May 2015 03:56:07 +0000 Other than the financial benefits, another issue to keep in mind would be CGT.

If it is your PPOR then you are CGT exempt. However, if you rent it out then you will have to pay CGT when/if you do sell it.

Andrew

]]> 440794343181fe159f6c488b371b98f0 superAndrew replied to the topic 24 year old first property in the forum General Property https://www.propertyinvesting.com/topic/5006597-24-year-old-first-property/#post-5006733 Wed, 29 Apr 2015 04:34:17 +0000 Sometimes saying no to a potentially awesome deal is better than saying yes to a potentially bad deal.

Cheers
Andrew

]]> ea380d79cc327c07beb96375c32a6c51 superAndrew replied to the topic Helping a child buy their first property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/5005591-helping-a-child-buy-their-first-property/#post-5005622 Sun, 05 Apr 2015 10:30:07 +0000 If your son is working full time couldn’t he just take out the loan himself and have you as guarantors?

Cheers
Andrew

]]> 27f85a69b8e6441c0758e57d1e8fbb17 superAndrew replied to the topic Age 23 First time buyer/investor in the forum General Property https://www.propertyinvesting.com/topic/5004403-age-23-first-time-buyerinvestor/#post-5004452 Fri, 27 Mar 2015 02:45:04 +0000 Depending on your budget and location but generally:

1. House
2. Townhouse
3. Unit

Cheers
Andrew

]]> 37ac968daa5d604077c2e5ea2a548c22 superAndrew replied to the topic Getting IP financing for a newcomer to Australia in the forum Finance https://www.propertyinvesting.com/topic/5003583-getting-ip-financing-for-a-newcomer-to-australia/#post-5003725 Mon, 16 Mar 2015 12:51:54 +0000 Are you still working in Russia and when are you moving to Australia?

You could have purchased the property before coming to Australia and could have easily obtained a loan at 80%. You just need to show proof of your Russian salary.

Turns out all Chinese buyers buy without any mortgage in Australia! WOW!

I have many Asian friends, I helped…[Read more]

]]> b81d81dc4a0fd961970a6b6e27eb1806 superAndrew replied to the topic Property under contract. Help me please to calculate ROI in the forum Help Needed! https://www.propertyinvesting.com/topic/5003608-property-under-contract-help-me-please-to-calculate-roi/#post-5003715 Mon, 16 Mar 2015 10:28:27 +0000 Do all the owners need to agree not to renew the contract? I guess you would need to read the contract in detail.

Given the current yield of the property I don’t see it that unlikely that they wouldn’t vote to renew it.

Cheers
Andrew

]]> 7f8b7cac6b3ce953655be61ecfcf7961 superAndrew replied to the topic Property under contract. Help me please to calculate ROI in the forum Help Needed! https://www.propertyinvesting.com/topic/5003608-property-under-contract-help-me-please-to-calculate-roi/#post-5003617 Sun, 15 Mar 2015 14:08:50 +0000 Sorry I didn’t get the contract part.

Investors have difficulty estimating the value of a property today but you want to estimate it 7 years into the future. Any answer you come up with will be heavily reliant on your assumptions.

If your strategy is to buy this property with the contract at a discounted price and then sell it when the contract…[Read more]

]]> c4600270543d3b83818d8e0625b92978 superAndrew replied to the topic Property under contract. Help me please to calculate ROI in the forum Help Needed! https://www.propertyinvesting.com/topic/5003608-property-under-contract-help-me-please-to-calculate-roi/#post-5003615 Sun, 15 Mar 2015 13:29:49 +0000 So you are asking what the price could be in 2022 with 0% capital gain? The answer is the same as today.

Regarding ROI: The property is running a loss of $3070 p.a. and assuming 0% capital growth, the ROI will be -ve.

This is a negatively geared property and you would solely rely on capital growth for returns.

Cheers
Andrew

]]> cea05ed1e0df8442e53ce9576f200ba2 superAndrew replied to the topic how to borrow more / unlimted finance in the forum Finance https://www.propertyinvesting.com/topic/5001083-how-to-borrow-more-unlimted-finance/page/3/#post-5003472 Thu, 12 Mar 2015 00:05:15 +0000 Net Yield + Capital Growth = Return. Both are important but not equally probable.

You could get a 10% return in either of the following scenarios:

1. Yield: 5% and Cap: 5%
2. Yield: 6% and Cap: 4%
3. Yield: 4% and Cap: 6%
4. Yield: 8% and Cap: 2%
5. Yield: 2% and Cap: 8%
6. Yield: 10% and Cap: 0%
7. Yield: 0% and Cap: 10%

One thing we know for…[Read more]

]]> 924215085304e53d0561953b1af13250 superAndrew replied to the topic How to handle Ongoing Cost on IP? in the forum General Property https://www.propertyinvesting.com/topic/5003231-how-to-handle-ongoing-cost-on-ip/#post-5003249 Tue, 10 Mar 2015 00:45:30 +0000

Lets say Property value is $180,000 and Deposit you have is $18,000… You still come up with all the savings for Establishment cost such as Stampt duty, Pest and Building Inspec, Real Estate Agent fees, Conveyancing and Borrowing cost.

Why are you paying RE fees?

Given the above example how can you tackle on going cost????????

What do you m…[Read more]

]]> e070a34f70e091aa902a5f6a5f428640 superAndrew replied to the topic How to handle Ongoing Cost on IP? in the forum General Property https://www.propertyinvesting.com/topic/5003231-how-to-handle-ongoing-cost-on-ip/#post-5003244 Mon, 09 Mar 2015 23:45:40 +0000 @mushirkhan have a look at https://property-analyser.com.au.

It does all the calcs and shows you all the cash flows. You can vary between Interest Only and Principal and Interest and see how it affects your cash flow. It also take into account your tax rate given your income level.

Cheers
Andrew

]]> a0c21d44c9b1504ba3a7c9f4d48fcf9a superAndrew replied to the topic Subdivision Funding in the forum Finance https://www.propertyinvesting.com/topic/5002725-subdivision-funding-2/#post-5002793 Sun, 01 Mar 2015 13:24:27 +0000 So you borrowed 100% for your PPOR?

Cheers
Andrew

]]> db873d5216244c1c1ba54a5ca52c54ee superAndrew replied to the topic Buyer's agent in the forum Help Needed! https://www.propertyinvesting.com/topic/5001286-buyers-agent-22/page/2/#post-5002499 Tue, 24 Feb 2015 08:16:28 +0000 You kinda need to try out things yourself to learn them. That is, if you want to learn and do this in the long term.

]]> ad5f4fb8f9835165d02e08843e4aa906 superAndrew replied to the topic Buyer's agent in the forum Help Needed! https://www.propertyinvesting.com/topic/5001286-buyers-agent-22/#post-5001300 Tue, 17 Feb 2015 23:35:25 +0000 It depends how much work you want to do. If you don’t have time but have the money…why not? But if you want to learn and understand the process yourself then you’ll have to do it yourself.

There is usually no market rate for buyer agents but $9k – 10k seems to be common. Legally they could charge as much as real estate agents.

Cheers
Andrew

]]> c335a993a92faac72d6921b85f436505 superAndrew replied to the topic Strategies that are working in 2015 Australia in the forum General Property https://www.propertyinvesting.com/topic/4999520-strategies-that-are-working-in-2015-australia/#post-5001288 Tue, 17 Feb 2015 21:13:06 +0000 I wouldn’t want to become a bank. Not worth the hassle.

]]> 4afefbd26cf4a32915bc1e249f8d913e superAndrew replied to the topic Real estate Investar in the forum General Property https://www.propertyinvesting.com/topic/5000317-real-estate-investar-4/#post-5000346 Tue, 10 Feb 2015 13:51:39 +0000 Their home page seems to be loading from my end.

Cheers
Andrew

]]> c324ce276027ee59b002845dd4d0c9ee superAndrew replied to the topic Members Alliance - how do I convince my husband to cancel their visit? in the forum Help Needed! https://www.propertyinvesting.com/topic/4999787-members-alliance-how-do-i-convince-my-husband-to-cancel-their-visit/#post-4999788 Sun, 01 Feb 2015 10:12:13 +0000 Ask him if he would go and pay off someone’s mortgage without getting anything in return.

]]> 75b989a614013652588d99c4e45737e4 superAndrew replied to the topic Strategies that are working in 2015 Australia in the forum General Property https://www.propertyinvesting.com/topic/4999520-strategies-that-are-working-in-2015-australia/#post-4999733 Thu, 29 Jan 2015 14:01:50 +0000 I wouldn’t get too caught up in all those investment strategies proposed in books and by property gurus etc. I would use them more as an educational concept of how it works theoretically. There are many assumptions behind those strategies.

As we all know everything changes all the time. So investing in property using a +10 year strategy that…[Read more]

]]> 7095b3b68db63b0b02b0a649a96f79ac superAndrew replied to the topic Strategies that are working in 2015 Australia in the forum General Property https://www.propertyinvesting.com/topic/4999520-strategies-that-are-working-in-2015-australia/#post-4999733 Thu, 29 Jan 2015 14:01:50 +0000 I wouldn’t get too caught up in all those investment strategies proposed in books and by property gurus etc. I would use them more as an educational concept of how it works theoretically. There are many assumptions behind those strategies.

As we all know everything changes all the time. So investing in property using a +10 year strategy that…[Read more]

]]> 700b9f782610145efedc8ee9a98a140c superAndrew replied to the topic Cost of Property Valuation in the forum Finance https://www.propertyinvesting.com/topic/4999635-cost-of-property-valuation/#post-4999637 Tue, 27 Jan 2015 11:51:43 +0000 Council rates are usually based on the land value of the property not the property as a whole including the dwelling.

Commercial property is valued using the Income approach or DCF so the valuation is a bit more complicated than the valuation of a residential property.

Do you what the net income over last 5 yeas was?

]]> 1c7cfaaeda6e807a2ba0606ad25a908c superAndrew replied to the topic Cost of construction of apartment unit in the forum Help Needed! https://www.propertyinvesting.com/topic/4999313-cost-of-construction-of-apartment-unit/#post-4999600 Mon, 26 Jan 2015 12:05:48 +0000 This can be quite useful:

http://www.bmtqs.com.au/construction-cost-calculator

or the table to compare:

http://www.bmtqs.com.au/construction-cost-table

Cheers
Andrew

]]> bba5ac82ac5f6b4046f3e8c2808b90d8 superAndrew replied to the topic Submitting a business proposal application... in the forum Commercial Property https://www.propertyinvesting.com/topic/4999596-submitting-a-business-proposal-application/#post-4999599 Mon, 26 Jan 2015 12:02:34 +0000 1) Call them and arrange a meeting to meet them in person and discuss the proposal.
2) Details about the area and surroundings. Why they should be interested to have an office at your location? Show them estimated number of people passing through the area and the potential increase in customers it could mean to them. Basically inform them about…[Read more]

]]> e834f9c42efd3908b7143a6bd525ecf6 superAndrew replied to the topic Software used by Real Estate Agents in the forum General Property https://www.propertyinvesting.com/topic/4991677-software-used-by-real-estate-agents/#post-4999577 Mon, 26 Jan 2015 00:01:43 +0000 I would probably look at Australian websites if you want to take into account legal aspects.

Not many manage the relationship between all three parties.

Just because a website already exists, it doesn’t mean that no new better ones should be developed. If that was the case then we’d only have one property investing forum ;). It reminds me…[Read more]

]]> be0f2f943b2a9238cb9e519b77cbaf0f superAndrew replied to the topic Software used by Real Estate Agents in the forum General Property https://www.propertyinvesting.com/topic/4991677-software-used-by-real-estate-agents/#post-4999560 Sun, 25 Jan 2015 00:45:21 +0000 which ones?

]]> 7c388047da52f37cf4edd6944453b45e superAndrew's profile was updated https://www.propertyinvesting.com/activity/p/304856/ Fri, 16 Jan 2015 05:28:09 +0000 0c17462952a1e56fcd521efd698c10e4 superAndrew replied to the topic Property investment research tools in the forum Help Needed! https://www.propertyinvesting.com/topic/4999325-property-investment-research-tools/#post-4999334 Fri, 16 Jan 2015 05:27:19 +0000 Hi Suri007

PM me your email and I can send you a spreadsheet. Unless there is a way to upload it on here, which I haven’t figured out yet.

Cheers
Andrew

]]> 7c537d8edc8cd5dbe349585ab652135b superAndrew replied to the topic Provide internet access to increase rent in the forum Value Adding https://www.propertyinvesting.com/topic/4999285-provide-internet-access-to-increase-rent/#post-4999315 Thu, 15 Jan 2015 12:14:00 +0000 I’m with Jeff on this one. In a perfect world it could be a good idea. I’d definitely rent a place that had internet, electricity etc all included and set up. However I find that a lot of renters don’t see the value in it.

Cheers
Andrew

ps: The easier you make it for a tenant to move in, the easier it is for them to also move out. Also something…[Read more]

]]> 942bee42132feba46500a95aeb6f376a superAndrew replied to the topic Expert Advice Required in the forum Help Needed! https://www.propertyinvesting.com/topic/4998363-expert-advice-required/#post-4998393 Tue, 13 Jan 2015 05:38:46 +0000 As Terry pointed out, if you want someone else to find you the properties, you have to pay for it.

A buyer agent “should” act on your interest since you are paying them. Anyone else paid by a seller won’t act in your interest.

However if you are planning to be involved in property investing in the long term, then I would advise to do it…[Read more]

]]> f1087ccc13033ae1abebd1c24a0ae9d0 superAndrew's profile was updated https://www.propertyinvesting.com/activity/p/304288/ Sat, 10 Jan 2015 11:40:41 +0000 1edc953db205aa5c276ca6e9207763f8 superAndrew replied to the topic Equity Investment Process in the forum Help Needed! https://www.propertyinvesting.com/topic/4998181-equity-investment-process/#post-4998189 Wed, 07 Jan 2015 08:06:19 +0000 Hi MAV
is there a loan on PPOR?

To put it simply:
Value of all Properties – all the loans = Equity.

Cheers
Andrew

]]> ba4f32dce987323681a76aacaac8eac2 superAndrew's profile was updated https://www.propertyinvesting.com/activity/p/303306/ Tue, 30 Dec 2014 21:00:53 +0000 a49e2e2f9cbe40b55df112875276b3fa superAndrew replied to the topic Does property have an asymmetric risk/reward profile? in the forum Opinionated! https://www.propertyinvesting.com/topic/4998022-does-property-have-an-asymmetric-riskreward-profile/#post-4998040 Tue, 30 Dec 2014 20:59:43 +0000

So, many believe that investing in funds that track the index along with a good portion invested in bonds is the most efficient way to financial freedom.

I doubt that. You can check it. Get the past 20 years performance of an index (say ASX 200 or 500 or whatever index you wish) and a government bond and draw an excel sheet. Then ask yourself if…[Read more]

]]> 8fb48cfa0ac8ec301d2ef9dc52bbb022 superAndrew replied to the topic Settlement procedure in the forum Help Needed! https://www.propertyinvesting.com/topic/4998027-settlement-procedure/#post-4998028 Tue, 30 Dec 2014 11:27:24 +0000 Hi rinji

Why don’t you ask your solicitor the same questions and more so you can educate yourself? That is their job. You are paying them big money so try to get the most out of it.

Cheers
Andrew

]]> e56272c4b47405263c5ae486c947baab superAndrew replied to the topic Interstate Investing in the forum General Property https://www.propertyinvesting.com/topic/4998003-interstate-investing-5/#post-4998004 Mon, 29 Dec 2014 00:47:28 +0000 Hi simpanteli

Is it a must to travel and see the area?
Has anyone ever developed in another state whilst not being able to liase with everyone in person or inspect?

If you are using a buyer agent you might get away with not inspecting the property/area and the rely on the photos/videos the BA might supply to you. I wouldn’t fully rely on the BA…[Read more]

]]> a8e3114495724da0f49b190c322a3c78 superAndrew replied to the topic Positive Cash Flow Properties - Real world examples in the forum General Property https://www.propertyinvesting.com/topic/4989954-positive-cash-flow-properties-real-world-examples/page/4/#post-4997947 Thu, 25 Dec 2014 10:19:19 +0000 Nice post Terry.

@Benny: Net Yields can be sometimes misleading if you include interest expenses since you don’t know the loan amount. Loan amount could be 100%, 80% or 50%, which will lead to a completely different net yield.

I’m a assuming Terry is not including interest expenses in his yield (you can correct me here Terry, if I am wrong). His…[Read more]

]]> 98db4729ee69bf743472d6ce4fc3cb22 superAndrew's profile was updated https://www.propertyinvesting.com/activity/p/298273/ Sat, 06 Sep 2014 01:31:22 +0000 bdd7ed87d2026953a9daaecda9e54780 superAndrew replied to the topic Brisbane Property Market in the forum General Property https://www.propertyinvesting.com/topic/4994017-brisbane-property-market-2/#post-4994239 Mon, 01 Sep 2014 11:19:26 +0000 Hey Killara

Thanks for letting me know. I just tested it and it seems to be working.

Are you still experiencing the problem?

Cheers

Andrew

]]> f047e9c1fc76618cef17d8d8af5f56fb superAndrew replied to the topic HELP WITH A LOAN FOR IP. in the forum Help Needed! https://www.propertyinvesting.com/topic/4994225-help-with-a-loan-for-ip/#post-4994227 Mon, 01 Sep 2014 04:17:53 +0000 Hi there

“Tax effective”: I am assuming you mean increase you tax deductions to lower your tax that you are paying from other income sources.

Best way to increase your tax deductions is by claiming depreciation since there is no out of pocket expense. Next best way is to increase your interest payments.

If you can borrow 100% and it suits your…[Read more]

]]> 264187dc24bf055ffb43306d9548579c superAndrew replied to the topic Reventon Investments SCAM or what??? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409895-reventon-investments-scam-or-what/page/2/#post-4994201 Sun, 31 Aug 2014 04:05:21 +0000 There is nothing wrong with new properties.

These benefits include more tax deductions, depreciation, reduced stamp duty, less fees, less maintenance, increases chances of finding tenants

Those benefits are all true.

The problem with these companies is that they charge very high commissions on top of the real value of the property.

This…[Read more]

]]> 1d74edb99eba6be839878aef89278e19 superAndrew replied to the topic Where is the Cat? in the forum Opinionated! https://www.propertyinvesting.com/topic/4994147-where-is-the-cat/#post-4994196 Sun, 31 Aug 2014 00:42:33 +0000 Apparently neither did I. Last things I read was him disagreeing with Steve on unemployment rates…

Cheers

Andrew

]]> f4893628b7a94d89e1185b956eb28bd1 superAndrew replied to the topic Where is the Cat? in the forum Opinionated! https://www.propertyinvesting.com/topic/4994147-where-is-the-cat/#post-4994180 Fri, 29 Aug 2014 06:46:28 +0000 I thought he was quite entertaining and just offered another point of view.

It would be quite boring if we just agree all the time no?

Cheers

Andrew

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