PropertyInvesting.com | sydey99 | Activity

sydey99 started the topic Ownership structure between brothers in the forum Legal & Accounting

Mon, 21 Oct 2019 00:59:05 +0000

We have 2 free standing houses on 850 m2 land(NSW) and we(2 brothers) bought it as joint property having equal ownership share of 50% each, registered as Tenancy in Common.
Now me(already got exposure to $5 Million property Portfolio) and my brother(1st Property – 1.5 Million as Joint Property) want to purchase another property separately, but the…[Read more]

sydey99 started the topic Ownership structure between brothers in the forum Legal & Accounting

Mon, 21 Oct 2019 00:59:05 +0000

sydey99 replied to the topic Expired IP Loan Situation - Please help in the forum Help Needed!

Wed, 05 Sep 2018 08:51:23 +0000

I thought Westpac is Lucky :)
Reported 1 issue and they failed to respond with proper analysis then raised 12 issues and they fixed the root cause problem

Unfortunately instead of westpac staff explaining us the product and services, we have to explain each and every step in the workflow

sydey99 replied to the topic Expired IP Loan Situation - Please help in the forum Help Needed!

Wed, 05 Sep 2018 08:51:23 +0000

I thought Westpac is Lucky :)
Reported 1 issue and they failed to respond with proper analysis then raised 12 issues and they fixed the root cause problem

sydey99 replied to the topic Expired IP Loan Situation - Please help in the forum Help Needed!

Wed, 05 Sep 2018 06:41:25 +0000

Hi Terry, Westpac replied today with the following options

The loan extension / loan variation options available to you are as follows;

1. Letter of variation to be issued for your loan to be renewed for 22 years Principal + interest repayments

2. Letter of variation to be issued for your loan to be renewed with an further 2 year…[Read more]

sydey99 started the topic Full Stamp Duty Rebate in NSW in the forum Help Needed!

Tue, 28 Aug 2018 05:24:50 +0000

Full Stamp Duty Rebate in NSW

Hi Guys,
I am thinking of selling my property with an offer of Full Stamp Duty Rebate to Purchasers / investors after settlement, is it legal to offer stamp Duty Rebate or Cash Back to purchasers after settlement?

sydey99 started the topic Full Stamp Duty Rebate in NSW in the forum Help Needed!

Tue, 28 Aug 2018 05:24:50 +0000

Full Stamp Duty Rebate in NSW

sydey99 replied to the topic Expired IP Loan Situation - Please help in the forum Help Needed!

Wed, 22 Aug 2018 04:47:23 +0000

Thanks Terry for all the inputs. Will raise the complaint once they conclude the investigation

sydey99 replied to the topic Expired IP Loan Situation - Please help in the forum Help Needed!

Wed, 22 Aug 2018 03:55:19 +0000

if the loan ‘expired’ in 2015 then you would have been required to have repaid it at this point, now you would be in default.

if i was in default, why bank has not contacted me?
I have been making my monthly payments as direct debit

Can you service the loan if you would have to apply again?
– No, Family situation has changed and will not be…[Read more]

sydey99 replied to the topic Expired IP Loan Situation - Please help in the forum Help Needed!

Wed, 22 Aug 2018 01:47:02 +0000

Thanks Terry, will try to get the copy from the bank.

But Bank failed to inform me as per issues 4,6 & 7.
If Bank has communicated, issue has resolved with out any issue back in 2015
Because of bank failure, why should i get in to this situation?

sydey99 started the topic Expired IP Loan Situation - Please help in the forum Help Needed!

Tue, 21 Aug 2018 14:05:12 +0000

IP Loan Situation

1. Westpac Expired IP Loan– 5 years term and expired
2. Bought IP in 2010 and got the IP loan from Westpac
3. When we applied for the loan, we never requested loan term but bank issued the loan for just 5 years
4. Loan expired in 2015
5. We are still making IO repayments without any issue as a direct debit arrangement
6. The b…[Read more]

sydey99 replied to the topic Back from living/investing in USA for past 7 years. Ask Me Anything in the forum Overseas Deals

Fri, 07 Jul 2017 05:41:14 +0000

@dhillon2, Thanks for answering most of the questions.
Can you please refer people you have used.
business plan – Can you please explain more on this? is it similar to having a goal to reach income and having a plan to achieve or something different? always Love to learn new stuff

sydey99 replied to the topic Back from living/investing in USA for past 7 years. Ask Me Anything in the forum Overseas Deals

Wed, 21 Jun 2017 06:10:01 +0000

Hi Dhillon,

Sorry if I am asking the same questions asked by others, kindly excuse and point me the right links.

This is a great area to gain a lot of knowledge.

I am from Sydney and planning to buy an investment property in Texas or other states but not sure where to start.

Below are the list of questions:

1. How to open US bank account…[Read more]

sydey99 replied to the topic Insurance claim lost for loss of rent - Please help in the forum Help Needed!

Fri, 30 Sep 2016 03:27:12 +0000

$275 per week

sydey99 started the topic Insurance claim lost for loss of rent - Please help in the forum Help Needed!

Fri, 30 Sep 2016 02:16:33 +0000

EBM Insurance company Reply:
The documentation supplied establishes the tenant fell into arrears immediately after occupying the property in August 2014. Multiple Termination notices were issued between September 2014 and November 2015. Despite the tenants consistently remaining in arrears and never becoming up to date, termination through the…[Read more]

sydey99 replied to the topic New Kitchen Advice in the forum Help Needed!

Fri, 04 Oct 2013 06:17:00 +0000

Hi Jamie,
I am based in Sydney South.

Thanks,
Raj

sydey99 replied to the topic Determining reno costs at time of inspection in the forum Value Adding

Thu, 28 Feb 2013 04:06:32 +0000

Thanks Catalyst for the detailed information. Will you help out Renovation projects in Hunter area

sydey99 replied to the topic Determining reno costs at time of inspection in the forum Value Adding

Mon, 25 Feb 2013 03:54:29 +0000

Hi Catalyst,

Can you please provide some sample breakdown of cost for your Reno including labor costs. Also tell us if this cost is going to be UP or down, if we do the same thing in regional NSW like Hunter region or other places. assuming your Reno is in western Sydney.

Thanks

sydey99 replied to the topic National RP Data subscription with Investor Group in the forum The Treasure Chest

Mon, 25 Feb 2013 03:15:34 +0000

HI Matt,

Thanks for posting this…i am looking for similar tool just for investors….

Contacted lots of Agents and Company's if they can provide me the access to gain this important information but no one has given me the solution or if they have provided then the solution was expensive

hope you got a sweet deal and we all can share the…[Read more]

sydey99 replied to the topic Build cost for Granny Flat? in the forum General Property

Thu, 20 Sep 2012 01:28:06 +0000

I know a guy who is doing all up around 60k in western sydney. he is building on our property in Mt Druitt & Blacktown. if interested you can look at our granny flat after completion and decided if you want to go with him.

sydey99 replied to the topic WANTED - Investor Seminar DVD's in the forum The Treasure Chest

Thu, 20 Sep 2012 01:21:02 +0000

HI hrv7, if you are in any capital city, you should be able to go and listen to the local property groups…you will gain lot of valuable information.

sydey99 replied to the topic Advertising for Tenants for a rental Property?? in the forum General Property

Thu, 20 Sep 2012 01:12:35 +0000

Gumtree is free and gets lot of enquiries

I Used propertynow.com.au, long back and they will list on REA

sydey99 replied to the topic Property investment in Sydney western suburbs... in the forum General Property

Thu, 20 Sep 2012 01:06:40 +0000

geeta9, will stick to tight budget and look for properties around 300k in western sydney.

sydey99 replied to the topic most affordable suburbs within 20km of a capital city CBD in the forum General Property

Thu, 20 Sep 2012 01:03:26 +0000

Agree with Jac comments, Will do the math against rental yield vs purchase price

sydey99 replied to the topic Which City/Suburb you live? in the forum Forum Frolic

Thu, 23 Aug 2012 05:48:54 +0000

Pyrmont – Sydney CBD

sydey99 replied to the topic Hello in the forum Forum Frolic

Thu, 23 Aug 2012 04:32:15 +0000

Welcome All……
You all are on the right place to learn form the experts, Try to read as much as you can from the old treads on this forum to learn new stuff

sydey99 replied to the topic Surburb Watch 2012....... in the forum Forum Frolic

Thu, 23 Aug 2012 04:20:13 +0000

Watching Brisbane Suburbs…..

sydey99 replied to the topic Brisbane CBD, in the forum Help Needed!

Thu, 23 Aug 2012 04:09:34 +0000

Agree with Richard comments…

sydey99 replied to the topic Transportable Homes in the forum Creative Investing

Thu, 23 Aug 2012 04:07:42 +0000

Few of my friends told me that you can buy brand new granny flats in western Sydney for around 60k, Not sure if it involves transport,etc

sydey99 replied to the topic Residential property investment survey!Investors are welcomed! in the forum Help Needed!

Thu, 23 Aug 2012 03:56:17 +0000

Do you have a end date for this survey?

sydey99 replied to the topic Option 2 or 3? in the forum Help Needed!

Thu, 23 Aug 2012 03:54:33 +0000

Agree with the most of experts and if i was in your shoe then i will go for Option 3

sydey99 replied to the topic Buying my first investment property in the forum General Property

Thu, 23 Aug 2012 03:49:12 +0000

Hey bugeye,

Its a good strategy to go for, Did u decided how much you are going to spend on your first IP? make sure stick to your budget.

Regards,
Sydney

sydey99 replied to the topic If I were a millionaire.... in the forum Forum Frolic

Thu, 23 Aug 2012 03:44:25 +0000

If I were a millionaire I would travel more!!!! and also, educate others to become millionaires…………

sydey99 replied to the topic Property Manager in Cranebrook, Penrith Area in the forum Help Needed!

Tue, 07 Aug 2012 12:45:24 +0000

Thanks woody & Dark knight

sydey99 replied to the topic Property Manager in Cranebrook, Penrith Area in the forum Help Needed!

Mon, 06 Aug 2012 06:38:12 +0000

Any Comments from Experts in Western Sydney

sydey99 replied to the topic contracts ???????? in the forum Help Needed!

Fri, 02 Mar 2012 03:24:42 +0000

If you are planning to sell your house then you need to prepare contract of sale.
Make a soft copy of the contract and supply to the buyers through an email, if they request.
Any one can request the contract with out putting an offer on the property. I think cost will be around 700-1500 but not sure.

Please DYOR

sydey99 replied to the topic Steps involved in Converting Home to Units in the forum Thanks Luke for your

Fri, 02 Mar 2012 03:03:11 +0000

Thanks Luke for your comments

Cheers,
Raj

sydey99 replied to the topic Steps involved in Converting Home to Units in the forum Thanks Luke for all the

Fri, 02 Mar 2012 02:54:51 +0000

Thanks Luke for all the valid points. Yes property is in Sydney.
Currently Existing home has 2 kitchens and 3 showers. You can easily convert one 3 bedroom home and other one as 2 bedroom home by closing the internal door of the property. both of them will have its own showers and kitchens. If i am just doing this, do i need to get council…[Read more]

sydey99 replied to the topic Advise needed on Property Manger in the forum Thanks Scott

Fri, 10 Jun 2011 13:26:10 +0000

Thanks Scott

sydey99 replied to the topic Advise needed on Property Manger in the forum Help Needed!

Fri, 10 Jun 2011 09:34:23 +0000

Hi Scott,

Can I request the agent to wave of my 2 weeks letting fee because of their fault I have missed other prospective tenant’s last week?

sydey99 replied to the topic Advise needed on Property Manger in the forum Help Needed!

Fri, 10 Jun 2011 08:31:36 +0000

Hi Jamie,

Unfortunately this property is in Adelaide and i live in Sydney/

I manage my property in Sydney which was never been vacant for more then 2 days.

Can i terminate the agent contract once they find the new tenant’s or will there be any legal implications?

Thanks and Regards
Raj

sydey99 replied to the topic Advise needed on Property Manger in the forum Help Needed!

Fri, 10 Jun 2011 05:22:00 +0000

swampy30 thanks for the Advise

Firstly, it looks like the agent made a mistake. They are only human, remember.
Agree with this point
However this is a very basic cock-up that a good agent should not make.
Agree with this point

A tenant can only be “moving in” once a lease is signed (i.e. they are committed) and keys handed out.
Agent confirmed…[Read more]

sydey99 replied to the topic Rental Question in the forum Help Needed!

Fri, 21 May 2010 07:52:07 +0000

Thanks a lot for the advice

sydey99 replied to the topic Rental Question in the forum So we need to keep the unit

Fri, 21 May 2010 06:27:30 +0000

So we need to keep the unit vacant till we find tenants and pay the rent to friends, then we can claim the loss.?
To be clear with ATO, what sought of documents we need to supply that the property is vacant and available for rent?

sydey99 replied to the topic Empty block of Land vs. House in the forum General Property

Tue, 30 Mar 2010 06:40:06 +0000

Hi Kylie,

Thank you very much for the suggestions

sydey99 replied to the topic Empty block of Land vs. House in the forum General Property

Tue, 30 Mar 2010 06:12:43 +0000

Hi Ryan,

To Trust your website, Can you please give me some testimonials from this forum who are new and used your website and got benefited like
• Having Positive cash flow
• Having Capital growth
If you can list them then i am more than happy to look at the posts and take up your membership

sydey99 replied to the topic Empty block of Land vs. House in the forum General Property

Tue, 30 Mar 2010 05:54:47 +0000

Hi Ryan,

My initial posting was on assumption that i can claim tax but as posters suggested it will be better to have a house then land, i have decided to go with the house.
When you say you can find me the properties can generate $10-20/week, have you consider my previous assumption like Interest rate @9%, other Miscellaneous expenses for any…[Read more]

sydey99 replied to the topic Empty block of Land vs. House in the forum General Property

Tue, 30 Mar 2010 05:16:32 +0000

Hi Ryan,

My goal is to find a property with the below assumption and have a return of $10/week after all expenses
Assumption:
Interest Rate @ 9% – Interest Only
Mortgage :$200k
Property Management Fee:$x
Council Rates:$x
Land Tax:$x
Property Repairs:$x

Property Income = Property Income – All Exp = $10/week

Challenge:
Will I be able to find a p…[Read more]

sydey99 replied to the topic Empty block of Land vs. House in the forum General Property

Tue, 30 Mar 2010 04:26:40 +0000

Thanks Guys for all the comments, i will try to find a property with block of land and keep you update with the progress

sydey99 replied to the topic INFORMAL DISCUSSION GROUP IN SYDNEY in the forum Heads Up!

Mon, 29 Mar 2010 05:08:53 +0000

Hi Everyone
I also would be interested in attending a discussion group.
I am based in Hornsby but like to travel to any part of sydney, plez add me to the list

Thanks