PropertyInvesting.com | surreyhughes19905 | Activity https://www.propertyinvesting.com/members/surreyhughes19905/activity/ Activity feed for surreyhughes19905. Wed, 15 Apr 2026 00:34:48 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 08ed04816ee09d6cf262bf2a9bae1924 surreyhughes19905 replied to the topic Council Development Guidelines in the forum Value Adding https://www.propertyinvesting.com/topic/4384771-council-development-guidelines/#post-4543859 Fri, 31 Mar 2006 00:38:31 +0000 Hi,
An architect is a specific and highly educated professional, they may be more than is needed. Building designers are another profession more usually associated with small development works. They work with builders, serveyors (they may be surveyors themselves) and councils to get approvals.

In order to call yourself an “architect” you need…[Read more]

]]> f3c86a0a10ab3ca58e5dc1cd4b435a97 surreyhughes19905 replied to the topic New House & Land Packages - Misconception? in the forum General Property https://www.propertyinvesting.com/topic/4383498-new-house-land-packages-misconception/#post-4537033 Wed, 21 Dec 2005 02:23:43 +0000 Hi,
The posts above contain lots of good stuff. I’ll add:

1. H&L packs have a much lower stamp duty as you only pay for the land component.
eg: I bought a H&L for a combined $260k and saved about $13k in stamp duty because the land was only $87k
2. On the otherhand, while maintenance costs are basically nill there are a whole slew of extra…[Read more]

]]> 1aadb04b414295b0c03b7beda9c1380f surreyhughes19905 replied to the topic CGT ??? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4383478-cgt-10/#post-4536955 Thu, 08 Dec 2005 03:56:02 +0000 The whole CGT vs development income is a shady affair. The definition from the ATO says you pay CGT when an asset you own that is not held as trading stock or production input is sold (a CGT event) NOTE: an abridged summary. So the question comes down to whether your block of land is considered “trading stock/production input” or considered a…[Read more]

]]> 230a030133391d233d8d4bd8ee117932 surreyhughes19905 replied to the topic Demolish a wall in the forum Help Needed! https://www.propertyinvesting.com/topic/4383474-demolish-a-wall/#post-4536930 Wed, 07 Dec 2005 02:21:43 +0000 Hi,
If the engineer says it is load bearing the BC needs to know about what you are planning as it may affect the structural integrity of all the other units and may void certain insurances. Also there may be work needed on common property so again the BC needs to know for appropriate work cover and so on.

The best way to deal with the body…[Read more]

]]> 801aff5c32d840691c758128d10639d2 surreyhughes19905 replied to the topic Passive Income Using Property - Is It the only way in the forum Help Needed! https://www.propertyinvesting.com/topic/4383173-passive-income-using-property-is-it-the-only-way/#post-4535193 Wed, 16 Nov 2005 06:23:46 +0000 Of course the easy answer is:
There is no such thing as “passive” income. (blah)

In my way of seeing things there are three comodities you can use in varying and interchangable quantites to live: time, money and knowledge. If you have the time you don’t need much money or knowledge, if you have money you don’t need much time or knowledge and if…[Read more]

]]> ee3c073e4ebe33bd54c9e38b5bf762e5 surreyhughes19905 replied to the topic Good tradie? in the forum Help Needed! https://www.propertyinvesting.com/topic/4383167-good-tradie/#post-4535171 Wed, 16 Nov 2005 06:02:03 +0000 The house and drive were built by Devine and they don’t deal with council land if they can avoid it. The crossover is in the wrong spot because the council required the developer to put one in, but didn’t specify when or where. So the dev pu a single crossover in right at the boundary of the block. Of course the dev then requires each property…[Read more]

]]> a5811e2a73adfa2d4374a22f103e21d1 surreyhughes19905 replied to the topic Who is responsible for the crossover? in the forum Value Adding https://www.propertyinvesting.com/topic/4383204-who-is-responsible-for-the-crossover/#post-4535384 Tue, 15 Nov 2005 01:08:36 +0000 Hi,
Further to this issue:
I’ve spoken with the council and they say that when a subdivision is made that has a median strip between it and the road the person doing the subdivision is responsible for providing at least a single plain concrete crossover. Except for the basic engineering aspects (eg weight bearing ability, material, min and max…[Read more]

]]> aa35f774c2ce85f1fc19c7a2c4554ec7 surreyhughes19905 replied to the topic Tenants paying for water in the forum General Property https://www.propertyinvesting.com/topic/4383100-tenants-paying-for-water/#post-4534843 Wed, 09 Nov 2005 03:29:39 +0000 I’m in Melbourne and have to pay for water usage. When I was in ACT I had to pay water as well.

I think you’re being shafted.

]]> 8f8c6b95b97eb623c9a22564e0132bb7 surreyhughes19905 replied to the topic What about this scenario in the forum Value Adding https://www.propertyinvesting.com/topic/4383071-what-about-this-scenario/#post-4534643 Mon, 07 Nov 2005 02:58:56 +0000 Hi,
1. The deposit can be held by a real estate agent if one is working for you in the sale. Otherwise you can employ a solicitor to act as agent to hold the deposit in trust or you open a joint account with both yourself and the purchaser as signatories .
2.Vacant land can be considered primary residence for up to 4 years prior to building,…[Read more]

]]> b1414f4c738309ca1b71c6084196caee surreyhughes19905 replied to the topic Affordable housing in the forum General Property https://www.propertyinvesting.com/topic/4382980-affordable-housing/#post-4534226 Thu, 03 Nov 2005 02:46:44 +0000 I think the more fundamental question is why is it difficult to get someone to lend against a <50sqm property?

I think the answer lies in the old saying: “location, location, location”
Little dogbox accomodation fails to afford any unique qualities. They depreciate over time and at the same time new doxboxes are built that are exactly the same…[Read more]

]]> 0f42e8f9e9553f5f09cee9e267a9779b surreyhughes19905 replied to the topic Auction bidding tactics? in the forum General Property https://www.propertyinvesting.com/topic/4382833-auction-bidding-tactics/#post-4533419 Mon, 31 Oct 2005 01:24:59 +0000 The most time effective method is (for me):
1. Know your limit for the property.
2. Have a low end and a high end price (high end being your limit).
3. Start by going straight to the low end price.
4. If someone bids against you, go to your half way price then your limit.

If anyone out bids, they just paid too much.

This only works if you choose…[Read more]

]]> e0fc7e5aad0eb195f835be876ac9075e surreyhughes19905 replied to the topic Had a look in the mirror lately?? in the forum General Property https://www.propertyinvesting.com/topic/4382861-had-a-look-in-the-mirror-lately/#post-4533569 Thu, 27 Oct 2005 00:50:29 +0000 “Allow” ourselves to be judged by others?

[biggrin]

How will you stop me from judging you by your rather naive outlook and probably foolish behaviour? Now I’ll treat you differently and all because of what I’ve observed externally. Try to not “allow” that if you will…

We are judged by our appearance and demeanor whether we like it or not (I…[Read more]

]]> cc3498220c6d697a6b413d7eadf19554 surreyhughes19905 replied to the topic Interest Deductibility in the forum No Subject https://www.propertyinvesting.com/topic/4381755-interest-deductibility-2/#post-4526721 Fri, 19 Aug 2005 05:13:11 +0000 Interest is only deductible for money used to generate income. You can’t deduct interest for money used to pay off your PPR no matter what secures that loan.

Just pay out the PPR loan to reduce the interest paid.

Or you could move out and rent while leasing your PPR to someone else thus making it an IP. This may work out if the rent you pay is…[Read more]

]]> 2dacd3b0d353ec1b213efc0adbaa82d6 surreyhughes19905 replied to the topic Intrinsic value affected? in the forum No Subject https://www.propertyinvesting.com/topic/4381095-intrinsic-value-affected/#post-4522353 Wed, 13 Jul 2005 01:25:00 +0000 Oh, and no I don’t really know what my point is either.

[confused2]

Economic downturn affects the perceived value, not the intrinsic value. Intrinsic value remains relativley constant in that it is the value one places on having a home. Perceived value is all the other stuff like prestige, convenience, luxury etc… That’s the stuff people…[Read more]

]]> 7cf484fd413782199c8413cfd066b1f1 surreyhughes19905 replied to the topic Intrinsic value affected? in the forum No Subject https://www.propertyinvesting.com/topic/4381095-intrinsic-value-affected/#post-4522352 Wed, 13 Jul 2005 01:21:36 +0000 A young couple can afford a $350k house because their combined income allows them to?

Seems the obvious answer. Prices are only as high as people will pay. If the prices say the most common price paid for a house in suburban Melbourne is $350k then the most common amount people can afford must be $350k.

A young couple on a combined income of…[Read more]

]]> 1d3d380bcb33677172ac1a433c2d9310 surreyhughes19905 replied to the topic Suggestions for building a house? (PPOR) in the forum Help Needed! https://www.propertyinvesting.com/topic/4381130-suggestions-for-building-a-house-ppor/#post-4522574 Wed, 13 Jul 2005 01:02:05 +0000 My 5 cents,
High traffic areas can benefit from tiles/floor boards. I chose timber veneer laminate (a couple of mm of timber over a high density fibre composite) because it looks good but lasts forever and is cheap (natural timber does look better, but more expensive and gets dints etc…). I put the laminate in the hall way which connects to…[Read more]

]]> c987e0ea4ab83261f2764780ebe04b5e surreyhughes19905 replied to the topic All Loans with One Bank in the forum Help Needed! https://www.propertyinvesting.com/topic/4381138-all-loans-with-one-bank/#post-4522642 Wed, 13 Jul 2005 00:40:50 +0000 Hi,
I have to agree that if you are concerned about making it difficult for the bank to sell your property you should re-assess your position. I’d like to mention some benefits from sticking with one lender:
1. You can get a single loan manager with whom you can develop a relationship with. this makes it easier to ask questions and stay in the…[Read more]

]]> 67f3bba675285cd339bf841690feee94 surreyhughes19905 replied to the topic First time renovator in the forum General Property https://www.propertyinvesting.com/topic/4380998-first-time-renovator/#post-4521730 Thu, 07 Jul 2005 06:32:42 +0000 Hi,
I would treat this as a “what goes around comes around” situation. Play nice with the owners trying to sell. If you make things difficult so you can put in a low offer you may find the difficulty could be thrown back at you later down the track.

I’d say use your knoweldge of the house to make a good judgement about whether to buy or not.…[Read more]

]]> a71e00264e4e4ab58e8035c0b0b7b3d4 surreyhughes19905 replied to the topic No income here in the forum Help Needed! https://www.propertyinvesting.com/topic/4381060-no-income-here/#post-4522114 Wed, 06 Jul 2005 00:39:57 +0000 Hi,
Have you looked at non-direct property investment? With that level of equity you could pick up a diversified portfolio of income bearing investments that return about 9% with risk not too dissimilar to what you’ve got currently. You should be able to pick up a loan for less than 9% right? So the excess can be used to offset the small loss.…[Read more]

]]> 6811a0f713432d7c174744749935252e surreyhughes19905 replied to the topic Thoughts on Southbank / Docklands in Melb in the forum General Property https://www.propertyinvesting.com/topic/4381046-thoughts-on-southbank-docklands-in-melb/#post-4522003 Tue, 05 Jul 2005 04:34:19 +0000 Hi,
I’ve been watching the apartments in Docklands and SouthBank (Melbourne CBD in general) and I think the prices are about as low as they will reasonably go. The reason I say this is because, just like you said, there really is a minimum at which people will sell their apartments, that being more or less the same amount as their mortgage over…[Read more]

]]> b43226b2157ffae952741e92082a815a surreyhughes19905 replied to the topic How much you got? in the forum General Property https://www.propertyinvesting.com/topic/4380802-how-much-you-got/#post-4520333 Mon, 04 Jul 2005 00:47:39 +0000 One person’s excess bedrooms is another’s home office, media room, dark room, hobby room, guest accomodation, storage room, parent sanctuary…

4 bedroom houses will always have a demand even if you have to re-label them as 2 bedroom + home theatre + study… It’s the size and space that attract money, it’s the exchange of abstract resource for…[Read more]

]]> 5a9d6de1fdb24ccf16d26a8d435b9345 surreyhughes19905 replied to the topic buying in the forum General Property https://www.propertyinvesting.com/topic/4381034-buying-2/#post-4521964 Mon, 04 Jul 2005 00:43:19 +0000 Hi,
Personally I’m not a big fan of putting my property up as security for other people. There is an old adage that says never lend to friends and family. I have ignored that in the past and it has only added friction to the relationship.

In my personal belief the first step to being an investor is being a saver. To be able to maintain the…[Read more]

]]> b795736aedad6d114d2f68f17e4db42f surreyhughes19905 replied to the topic First time renovator in the forum General Property https://www.propertyinvesting.com/topic/4380998-first-time-renovator/#post-4521727 Fri, 01 Jul 2005 01:24:25 +0000 Hi,
The advantage to what you have mentioned is that because it will be your PPOR, if you decide to sell rather than rent out it will be CGT free. Plus if you sell it to move to another house you may be able to claim stamp duty savings.

Also you are in a good position to do due dilligence. You live there so you can inspect all you like. The…[Read more]

]]> 5c8604330f98fa890d062aafc483a822 surreyhughes19905 replied to the topic Buy and Renovate in the forum General Property https://www.propertyinvesting.com/topic/4381000-buy-and-renovate/#post-4521731 Fri, 01 Jul 2005 01:17:36 +0000 Hi Ron B.
While I don’t do it myself the theory is such that you can do it in any type of market. What counts is the amount of research you do beforehand and being able to create more value than you spend.

There is another strategy in the renovate game: Buy, renovate and hold. In this way you buy a place earning less rent than is typical for…[Read more]

]]> 7bc2420c39933be634431acbe0ae63e5 surreyhughes19905 replied to the topic Rent increases, how much is fair? in the forum No Subject https://www.propertyinvesting.com/topic/4380990-rent-increases-how-much-is-fair/#post-4521674 Fri, 01 Jul 2005 01:08:52 +0000 Hi,
The easiest way to find out if it is fair is to raise the rent to whatever you want and see how hard the tenent complains. If you are worried $15 / week is too much; write a letter saying you are raising rent by $25/week. If no complaints then congratulations you picked the right number. If there is a complaint then drop the increase to…[Read more]

]]> 4e09b076119483b87cca74c638cac6b9 surreyhughes19905 replied to the topic Rent or buy with a twist in the forum No Subject https://www.propertyinvesting.com/topic/4381003-rent-or-buy-with-a-twist/#post-4521735 Fri, 01 Jul 2005 00:40:04 +0000 Hi,
The FHOG is available on a per household basis more than on a per person basis (in it’s spirit). As you are already engaged to get married I think the gov will view you as being a household and as such only able to get one FHOG. After all the grant is so you can buy your first “home” not so you can invest in property. Trust me, there is a…[Read more]

]]> a481354c7e923366eb91433364b3ddf5 surreyhughes19905 replied to the topic hotel apartments in the forum Help Needed! https://www.propertyinvesting.com/topic/4380949-hotel-apartments/#post-4521327 Tue, 28 Jun 2005 06:07:11 +0000 Hi,
It seems to me that the first investments starters look at (myself included) are:
1. Caravan parks
2. Serviced apartments
3. Hotel apartments
4. Student accomodation
5. Nursing homes

The common theme to all of these is just what Ron Burgundy stated: strong rental returns (neutrally geared) with no capital growth.

I guess a basic search on…[Read more]

]]> 55ba19c2a97cbcb004ff0c5a0cc191f5 surreyhughes19905 replied to the topic When are you planning to retire? in the forum General Property https://www.propertyinvesting.com/topic/4380911-when-are-you-planning-to-retire/#post-4521042 Tue, 28 Jun 2005 04:15:27 +0000 Hi,

Now: 30 (well 29 and 9 months, but close enough)
Retired: 35
Financially free: 45

Definitions:
Retired in my books = not working for “the man”. I’d still be doing things for money as at that point I would still need money, but it would be more on my terms.
Financially free = Doing things and if money results then so be it, but it wouldn’t…[Read more]

]]> 80a93f9a1d12fac5be45d79502fbbe69 surreyhughes19905 replied to the topic flats, apartments, units, house in the forum General Property https://www.propertyinvesting.com/topic/4380928-flats-apartments-units-house/#post-4521177 Tue, 28 Jun 2005 00:50:31 +0000 Hi,
While everyone who has answered above is correct, I will answer in the general case.

In general, all other things being equal land apreciates in value while buildings depreciate. That means houses, with thier sole control over a relatively large block of land will provide a stronger long term investment. Given a flat and a house at the same…[Read more]

]]> fce74221792f2f3408143a1482e3d4a7 surreyhughes19905 replied to the topic neighbour encroaching on land in the forum Help Needed! https://www.propertyinvesting.com/topic/4380921-neighbour-encroaching-on-land/#post-4521132 Mon, 27 Jun 2005 04:11:22 +0000 Hi,
My personal preference would be to skip this deal as I know I’d get a bit too passionate about justice and people trying to cheat other people and so on. I’d end up getting a survey done then knocking their fence down and building it on the real property line. If their house fell into my yard I’d write a nice little letter that told them to…[Read more]

]]> 0486bcad974d2709b059a9b75dd4905a surreyhughes19905 replied to the topic A sick persuit of money in the forum Help Needed! https://www.propertyinvesting.com/topic/4380869-a-sick-persuit-of-money/#post-4520689 Thu, 23 Jun 2005 04:32:47 +0000 Actually I have similar trouble when people ask what I do. I’m still working full time for someone else as a computer programmer but if I get too specific it opens up all sorts of conversations I don’t want to have (for a variety of reasons). So I reply: “I’m a computer nerd.” and i leave it at that. Usually thats all that’s required. Any…[Read more]

]]> d1cb1ab5ae978f4114f4c71f25fcc0f4 surreyhughes19905 replied to the topic New home builders? Any good ones? in the forum General Property https://www.propertyinvesting.com/topic/4380845-new-home-builders-any-good-ones/#post-4520553 Wed, 22 Jun 2005 05:20:32 +0000 Hi,
Personally I think it is a different thing building your own home and building someone else’s home (IP). I’m getting an IP built by Devine and so far so good. The price is low and the quality for that price is fairly good (they build so many of the same design they’ve worked out most of the bugs). However I doubt I’d ever engage them to…[Read more]

]]> 22a42cd36148d4a08d9ebde1ff9a4eaa surreyhughes19905 replied to the topic 16yr Old needing help! in the forum Value Adding https://www.propertyinvesting.com/topic/4380871-16yr-old-needing-help/#post-4520791 Wed, 22 Jun 2005 05:11:42 +0000 Hi,
A big question with no small answer. I’ll point out a few things to get your juices flowing.

– Budget. You need to know how much you can spend, how much you want to spend and what your required profit is.
– Land use / zoning. You’ll need to get copies of the title certificate, land rates notices and council permits / easments. That way…[Read more]

]]> a6dd1fc813fba8510acf614b22614894 surreyhughes19905 replied to the topic Dodgy Real estate agent in the forum Help Needed! https://www.propertyinvesting.com/topic/4380645-dodgy-real-estate-agent/#post-4519244 Wed, 22 Jun 2005 01:34:31 +0000 The deposit has nothing (or at least very little) to do with compensation. The deposit is required to make a contract. Contracts must:
– State who is bound by the contract.
– What is being offered
– What the consideration is. (money in return usually)
– Clauses describing the delivery
– Clauses describing the commencment
– Clauses describing the…[Read more]

]]> 5146c90660dcbf764e7f371b5c71a52d surreyhughes19905 replied to the topic Cross-Colateralised Question in the forum Help Needed! https://www.propertyinvesting.com/topic/4380858-cross-colateralised-question/#post-4520621 Wed, 22 Jun 2005 01:02:08 +0000 Hi,
The situation described sounds like guarantors having their property sold when offered up as collateral for another’s property. In that case, if the sale of the property for which you’ve gone guarantor doesn’t satisfy the loan requirements (LVR for example) then either additional cash will need to be put in or the other property can be sold.…[Read more]

]]> ca8666cbe8ad4a2b480cf5527eca2b9c surreyhughes19905 replied to the topic A sick persuit of money in the forum Help Needed! https://www.propertyinvesting.com/topic/4380869-a-sick-persuit-of-money/#post-4520676 Wed, 22 Jun 2005 00:58:13 +0000 I’ve had a friend say with some scorn: “Well I guess we have very different ideas about money.” This after I demonstrated using a spreadsheet that he could buy his dream car in a couple of years and still have money left over for a holiday or plasma TV without debt rather than take out a $30,000 personal loan now. I was rather dumb-struck and…[Read more]

]]> 432a79aadde7c7e2c2bb2451ab52dc0c surreyhughes19905 replied to the topic How much you got? in the forum General Property https://www.propertyinvesting.com/topic/4380802-how-much-you-got/#post-4520324 Tue, 21 Jun 2005 03:30:58 +0000 http://www.thecouriermail.news.com.au/common/story_page/0,5936,15630898%255E462,00.html

Try that link.

]]> e789f7e5b7d890b4d9c4a717b0d4c7d7 surreyhughes19905 replied to the topic W.A. Contracts in the forum General Property https://www.propertyinvesting.com/topic/4380707-w-a-contracts/#post-4519744 Mon, 20 Jun 2005 05:02:41 +0000 Hi,
I bought just recently in WA (a couple months ago). Being in VIC I hadn’t even seen the place in person and didn’t meet the REA involved. I used faxed documents to buy the land, no worries. Actually I made the offer over the phone and was given a verbal agreement (one I was made aware meant nothing until a signed contract was exchanged).…[Read more]

]]> 86ecbd42305a04982275949d5871d991 surreyhughes19905 replied to the topic Investing outside the square! in the forum General Property https://www.propertyinvesting.com/topic/4380806-investing-outside-the-square/#post-4520351 Mon, 20 Jun 2005 04:47:46 +0000 If all around is industrial / commercial and you’ve got 10 acres of liesure / entertainment… How about a homewares / liesure display centre. 4 wheel drive course, bike track, big fat pond for boats, display home type set ups. Get big company builders / car manufacturers / boating cos + tourism companies/resorts to basically pay for a great…[Read more]

]]> b083fd1289b7914eeef28aee5e96b414 surreyhughes19905 replied to the topic The Correction, Fifteen Years to Revert to Mean? in the forum General Property https://www.propertyinvesting.com/topic/4380790-the-correction-fifteen-years-to-revert-to-mean/#post-4520270 Thu, 16 Jun 2005 04:25:23 +0000 Hi,
Interesting read.

However it does seem to miss out a few points.
1. If everyone has stopped buying houses, where do they live? They must be renting = house value may have dropped (ie no-one buying) but rental yield goes up (everyone renting). Does that make it bad for investors?
2. If people are moving out of houses to go where there is more…[Read more]

]]> 0d86034d4f691707f8a4ff13e98076bf surreyhughes19905 replied to the topic Mandurah "star city" in the forum Value Adding https://www.propertyinvesting.com/topic/4380698-mandurah-star-city/#post-4519667 Thu, 16 Jun 2005 01:52:34 +0000 Hi,
Mandurah has nothing to offer? WTF? Have you been there lately? I was skeptical too but visted last year in november (yes mediocre november here in Melbourne) and it was beautiful! 27 degree days, sunshine, blue sky, fresh air (no Mandurah stink like some claim), cheap lobsters. Wow, I had a blast it was one of the most beautiful places…[Read more]

]]> d3587aeb4af0334a1d626f32f6d44f00 surreyhughes19905 replied to the topic Partnership in the forum Help Needed! https://www.propertyinvesting.com/topic/4380787-partnership-5/#post-4520253 Thu, 16 Jun 2005 01:19:17 +0000 Hi,
I’ve been in a couple of partnerships and found the best way forward is the following process:
1. Recognise there is a disagreement that apparently offers no immediate resolution (ie one says black the other says white).
2. STOP. Don’t argue, don’t judge or be critical. Step back and take a breather before things get passionate.
3. Set a…[Read more]

]]> 8f5524f1a611548d200b48c452ff0186 surreyhughes19905 replied to the topic no patience in the forum Help Needed! https://www.propertyinvesting.com/topic/4380786-no-patience/#post-4520249 Thu, 16 Jun 2005 00:43:51 +0000 Hi,
As a passionate motorbike rider I have to say it is a dreadful tragedy when a bike rider is lost. There is a great need in the community for increased driver and rider education. The government always errs on the side of more fines for fairly arbitrary threshold points and has no motivation to provide greater safety training. So when a…[Read more]

]]> cabde8edf36831d033d32669cf8b592e surreyhughes19905 replied to the topic pipsinc.com- MASSIVE PROFITS in the forum Help Needed! https://www.propertyinvesting.com/topic/4380793-pipsinc-com-massive-profits/#post-4520281 Wed, 15 Jun 2005 23:55:14 +0000 Hi hmackay,
I did a quick skim over the site and this is what I saw:
1. Lots of people on the forum asking where their money was, but for some reason content not to get it.
2. Pips is in Malaysia (or Philipines)
3. All investments made by Pips appear to be in SE Asia.
4. High returns = high risk.
5. It could be a ponzi scam, but more likely…[Read more]

]]> 72669c44c72df0ae1fdced0814a5a75c surreyhughes19905 replied to the topic Boosting rental income in the forum Help Needed! https://www.propertyinvesting.com/topic/4380751-boosting-rental-income/#post-4520053 Tue, 14 Jun 2005 01:54:15 +0000 Hi,
The simple answer to this is: No it isn’t legal. It would fall under the same heading as getting money through deception aka fraud. Especially if you fiddle the numbers so you aren’t paying extra tax on the rent earned (even though you are giving a kick back). Stick to market rent and disclose that the current tenents are your family and…[Read more]

]]> 9ab35519869fafe694f3f09b082b0693 surreyhughes19905 replied to the topic Is this legal? in the forum Help Needed! https://www.propertyinvesting.com/topic/4380745-is-this-legal-2/#post-4519994 Tue, 14 Jun 2005 01:38:59 +0000 I wouldn’t have thought of it as “charging mum rent” so much as having my mum as a flat mate and sharing the bills as family members who are supportive of each other do.

Living costs money and as a family it is advantagous to share those costs however may seem appropriate. Once I was working and living at home I paid rent, before then I helped…[Read more]

]]> dd13ee6ef19edcfc91e3e04768d5b0cb surreyhughes19905 replied to the topic Real Estate Agent problem in the forum General Property https://www.propertyinvesting.com/topic/4380681-real-estate-agent-problem/#post-4519501 Thu, 09 Jun 2005 03:26:49 +0000 Unfortunately you can’t really go off what the real estate agent says because they are not duty bound to know the exact measurements of the place. If you were asking a surveyor who was looking after the house and they gave you a certificate of inspection that said the frontage was 15m you could do something.

Part of due dilligence is to do a…[Read more]

]]> bd0bd44650da3516b9561098d5808750 surreyhughes19905 replied to the topic Houses overvalued by 25pc in the forum General Property https://www.propertyinvesting.com/topic/4380685-houses-overvalued-by-25pc/#post-4519570 Thu, 09 Jun 2005 03:19:00 +0000 I agree with Ian in principle. My parents bought a house at the beginning of the 90’s. They sold in 95-96 for the same price they bought it. That’s 0% gain in 5 years (shouldn’t it be up 50%? if it doubles every 10 years) BUT that same house went up for sale in 2000 at about 80% growth. So in 10 years the house almost doubled in value (it…[Read more]

]]> f481c889f292c30f8ca38488dcbdaf39 surreyhughes19905 replied to the topic How to use the leverage? in the forum Help Needed! https://www.propertyinvesting.com/topic/4380668-how-to-use-the-leverage/#post-4519390 Wed, 08 Jun 2005 02:59:07 +0000 I would think:
The equity in the house is your parent’s. As such it is important they are educated on what that means (like you said it is resource they could be applying to improve their lives). Also if it is a business you want to buy your parents would become a business partner and should be paid a share of the income.

You will need to…[Read more]

]]> 64c302917c5e9af6c486ef31bfd2a678 surreyhughes19905 replied to the topic Town House costs (branched from 4 townhouse topic) in the forum Value Adding https://www.propertyinvesting.com/topic/4380436-town-house-costs-branched-from-4-townhouse-topic/#post-4517678 Fri, 03 Jun 2005 02:44:59 +0000 Hi awfish,
Thanks for that reply. I’m very much swayed by it.

You are absolutely correct about the project built houses. They are built “well enough” and designed to be “appealing enough” for basic consumption. I’ve certainly had a look through several project houses and not once was I moved to thinking they would be suitable for me to live in…[Read more]

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