PropertyInvesting.com | tess85 | Activity https://www.propertyinvesting.com/members/tess85/activity/ Activity feed for tess85. Sun, 12 Apr 2026 05:39:26 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 8a214264d2d6fa7291e2a81b34055bd0 tess85 replied to the topic Buyer's Agents in the forum Help Needed! https://www.propertyinvesting.com/topic/4398790-buyers-agents-27/#post-4617223 Wed, 17 Feb 2010 02:56:08 +0000 I find that there isn't as much discussion going on this forum. To the OP, you might want to consider posting on Somersoft forums, there's lots of like minded property investors there.I just purchased 2 IPs, both through buyers agent.I'm pretty happy with the end result. On one transaction, the BA secured a property for me that was $40k below…[Read more]

]]> 8b5390cffb9dd0a3d2e761a7568a2f22 tess85 replied to the topic WHERE DO I FIND SOMEONE WITH THE EXPERIENCE? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4398030-where-do-i-find-someone-with-the-experience/#post-4612651 Mon, 14 Dec 2009 01:47:31 +0000 Ah! good point. I was looking for a 1 solution point-and-click method and couldn't see it… still can't… looks like you have to go to the "My Inbox" link??

]]> 31ea5e8b7120d4c9f7f6f4081893b4a1 tess85 replied to the topic WHERE DO I FIND SOMEONE WITH THE EXPERIENCE? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4398030-where-do-i-find-someone-with-the-experience/#post-4612649 Thu, 10 Dec 2009 05:18:16 +0000 Hmm I've just realised it's impossible to private message someone on here! grrr.Miccalady I will send you an SMS.

]]> 1d710d91b46a3a684cf2fee1b2a858cb tess85 replied to the topic How to find properties that have recently been reduced By Vendor for quick Sale! in the forum Help Needed! https://www.propertyinvesting.com/topic/4397938-how-to-find-properties-that-have-recently-been-reduced-by-vendor-for-quick-sale/#post-4612032 Thu, 10 Dec 2009 04:11:49 +0000 Yeah, the assignment says she gets paid $3 for doing this. See here http://74.125.153.132/search?q=cache:vr5yfRuBaTAJ:www.shorttask.com/task.php%3Fid%3D33085+Tane+Taiaroa&cd=2&hl=en&ct=clnk&gl=au&client=firefox-aI think Angie would benefit from doing some PI herself!

]]> ea5d64840fe00b152b63ba3c097e06fd tess85 replied to the topic WealthScore.... How Did You Go? in the forum General Property https://www.propertyinvesting.com/topic/4390643-wealthscore-how-did-you-go/page/6/#post-4573196 Wed, 09 Dec 2009 23:47:38 +0000 tess85 wrote:
(long-time lurker but first-time poster…)scored 428, pretty happy considering my age (22). Mind you, when I use my hard earned deposit to buy my first house, I'll probably be in the negative.. eek!

2 years later, at age 24, I scored 1201 :DFeedback: Wealthscore is a useful tool to keep track of my progress, but I don't agree with…[Read more]

]]> c157ffa168e949d099a879bb3da4a425 tess85 replied to the topic WHERE DO I FIND SOMEONE WITH THE EXPERIENCE? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4398030-where-do-i-find-someone-with-the-experience/#post-4612647 Wed, 09 Dec 2009 23:38:36 +0000 My accountant is based in Campbelltown, he has 19 IPs and is very property savvy. PM me if you want any info, I don't want to post his details online and be accused of spamming!

]]> b096642da4168316b2555775dff79d46 tess85 replied to the topic How to find properties that have recently been reduced By Vendor for quick Sale! in the forum Help Needed! https://www.propertyinvesting.com/topic/4397938-how-to-find-properties-that-have-recently-been-reduced-by-vendor-for-quick-sale/#post-4612029 Wed, 09 Dec 2009 23:25:39 +0000 Angela you have already been busted on the Somersoft forums for being PAID to provide these advertisementshttp://www.somersoft.com/forums/showthread.php?t=57932Do these instructions look familiar to you??Instructions: Find 20 Real Estate related forums and post the Ad (copy and paste) title and description below only once in each forum…….Upon…[Read more]

]]> b050bb71a187f55b5fd8bbb58bd8c094 tess85 replied to the topic To pay LMI or not to pay in the forum Finance https://www.propertyinvesting.com/topic/4397597-to-pay-lmi-or-not-to-pay/#post-4610580 Mon, 26 Oct 2009 23:44:52 +0000 Thanks all. I think we'll go for the no LMI option. We're still young so our incomes are still going up – should be able to save up another deposit easily or pull the equity out from our PPOR and refinance.Cheers!

]]> 571c978bb2e1691634189b936e2d211e tess85 replied to the topic FREE Residex Property Reports for VICTORIAN, TASMANIAN, and SOUTH AUSTRALIAN properties - Investment or Owner Occupied in the forum Value Adding https://www.propertyinvesting.com/topic/4396010-free-residex-property-reports-for-victorian-tasmanian-and-south-australian-properties-investment-or-owner-occupied/page/7/#post-4602628 Thu, 10 Sep 2009 00:57:27 +0000 Thanks Mike, very prompt work. Much appreciated :)Tess

]]> 2f8cc47551709d6d5775c588d3836f89 tess85 replied to the topic Stamp Duty!!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4394861-stamp-duty-20/#post-4596297 Thu, 04 Dec 2008 06:13:41 +0000 ^^ what stumpCam said is correct.a $1M property, whether it is your first or 2nd, in NSW, will always cost you stamp duty…The first home owners reduction on stamp duty applies for first home buyers where property value < $500k. (and the reduction is phases out between 500k – 600k)

]]> 9433cd28e8c0b5291c26f8d8667523e9 tess85 replied to the topic Dodgy pyrimid scheme, Network 21 in the forum General Property https://www.propertyinvesting.com/topic/4393782-dodgy-pyrimid-scheme-network-21/#post-4590616 Mon, 01 Dec 2008 05:26:23 +0000 hmmm… welcome to the forum… 2 newbies with positively glowing posts on Network 21 and nothing to contribute about PROPERTY INVESTING.Spam, much?

]]> 3ddd75cf33e3ae02dbad04eb56218940 tess85 replied to the topic Previous sale prices for residential property in NSW? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394751-previous-sale-prices-for-residential-property-in-nsw/#post-4595750 Tue, 18 Nov 2008 01:36:16 +0000 have you visited the site lately?http://www.onthehouse.com.au/sold_info/info used to be free, now is $5 per year.

]]> c6cdfa65186c857b8e8728c83bd1a39c tess85 replied to the topic Previous sale prices for residential property in NSW? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394751-previous-sale-prices-for-residential-property-in-nsw/#post-4595748 Tue, 18 Nov 2008 00:47:13 +0000 ^^ that's a great option for $5 per year. But doesn;t have really old data. Thus, try Residex reports if you don't mind forking out.

]]> c3a594fe6b7f78794d0de343c660ea19 tess85 replied to the topic borrowin for new PPOR borrow more than 80%?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4394744-borrowin-for-new-ppor-borrow-more-than-80/#post-4595714 Tue, 18 Nov 2008 00:40:57 +0000 brokers, feel free to correct me if i'm wrong but I think westpac has a 85% LVR package with no LMI? this might be an option if so?

]]> 464ac6cf97db45fc88243fd8d7c629bd tess85 replied to the topic starting somewhere! in the forum Help Needed! https://www.propertyinvesting.com/topic/4394701-starting-somewhere/#post-4595522 Tue, 11 Nov 2008 03:37:57 +0000 hmm, I personally wouldn't buy the block of land as you make no income from it. It's great that you want to start somewhere though ,what is your budget? if you tell us, we might be able to think of something?

]]> b9ef7a370fa81609511245053e27fea8 tess85 replied to the topic Would it be silly not to re-finance now? in the forum Finance https://www.propertyinvesting.com/topic/4394653-would-it-be-silly-not-to-re-finance-now/#post-4595269 Wed, 05 Nov 2008 04:00:03 +0000 was the loan a joint one or not? If so, I am surprised that one of you could fix the rates without the knowledge of the other.Well, what's done is done. how much does it cost to break? – just call them up if you don't know. it may be cheaper to break now than after the next round of rate cuts!

]]> 1c2f2e0a1c0db9bc7d2f3fa6a5fa268e tess85 replied to the topic Unilodge Investment Properties in the forum General Property https://www.propertyinvesting.com/topic/4394533-unilodge-investment-properties/#post-4594666 Wed, 22 Oct 2008 00:38:06 +0000 For Free data: I go to the domain website every week to download or peruse the latest auction results.http://www.domain.com.au/Public/weekinreview.aspx?cid=AuctionResultsI look up specific postcodes here: (recent sales over the past week)http://www.homepriceguide.com.au/auction_results/index.cfm?source=apmIf you don't want to have to check the…[Read more]

]]> a657a0d06b971cb90a968154f25de1b2 tess85 replied to the topic Unilodge Investment Properties in the forum General Property https://www.propertyinvesting.com/topic/4394533-unilodge-investment-properties/#post-4594664 Tue, 21 Oct 2008 01:57:15 +0000 Now I remember why this topic was so familiar to me (read about it recently on another property forum)http://www.somersoft.com/forums/showthread.php?t=45716

]]> a5d15bc5ea412d9a7387de57c177af1f tess85 replied to the topic Unilodge Investment Properties in the forum General Property https://www.propertyinvesting.com/topic/4394533-unilodge-investment-properties/#post-4594663 Tue, 21 Oct 2008 01:54:09 +0000 long-term CG in unilodge-type accommodation is not great. Have you checked out the price history?Also, another point to consider, the studios are tiny (< 50 sqm), some lenders may not lend to you due to their small size?

]]> 8a2b17303c99cb6f048e20f23015213d tess85 replied to the topic Dino F Livanidis in the forum Heads Up! https://www.propertyinvesting.com/topic/4383380-dino-f-livanidis/#post-4536462 Mon, 20 Oct 2008 00:06:18 +0000 there's a not-very-flattering article about him here:http://jenman.com.au/news_alert.php?id=100Personally, sounds dodgy to me, especially with all these 1-post comments jumping on board with their opinions!

]]> 26b715d5b72f2a7115e2c7ecf9a7c628 tess85 replied to the topic science of property options in the forum Creative Investing https://www.propertyinvesting.com/topic/4391246-science-of-property-options/#post-4576305 Wed, 01 Oct 2008 01:09:10 +0000 3333 is definitely dodgy! Grrr for people who come and open up a long-lost thread, thus spamming all of us :(

]]> b61ab199670ec76657f15a83b4ec430f tess85 replied to the topic Agent games help! in the forum Help Needed! https://www.propertyinvesting.com/topic/4394340-agent-games-help/#post-4593409 Mon, 29 Sep 2008 04:18:22 +0000 Depending on how much you love the place… if you're happy to let it pass, I would make a lowball offer (~10 or 20k below asking price) and just walk away if not accepted. If they're playing games, they might be desperate.

]]> 81a9baea3bf0768ebbd93492d544b2f7 tess85 replied to the topic New Investor In Search Of A Mentor! in the forum Help Needed! https://www.propertyinvesting.com/topic/4394318-new-investor-in-search-of-a-mentor/#post-4593288 Mon, 29 Sep 2008 00:43:48 +0000 Just wanted to warn James B about spruikers who haven't accumulated many posts on this forum…All too often, people have been burnt by some wonderful development or off-the-plan investment. Do your due diligence before investing your hard-earned savings into anything!

]]> 65f7fa7c432f438b8472f7d2e6bf499b tess85 replied to the topic "THE INVESTORS CLUB" ANYONE HEARD OF THEM OR KNOW WHAT THEY ARE ABOUT? in the forum Help Needed! https://www.propertyinvesting.com/topic/4389727-the-investors-club-anyone-heard-of-them-or-know-what-they-are-about/#post-4568099 Fri, 26 Sep 2008 05:10:06 +0000 Have a thorough read of the articles here. Neil jenman is well respected in real estate thinking.http://www.jenman.com.au/find/index.php?type=simple&query=investors+club&button=SEARCHRemember, if it's too good to be true….. IT PROBABLY IS!

]]> df24472dbc04248eb18512ff5d9d8359 tess85 replied to the topic WHAT ARE YOUR FAVORITE BOOKS?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4388378-what-are-your-favorite-books/page/2/#post-4561921 Fri, 26 Sep 2008 03:44:35 +0000 arandomperson wrote:
re: Rich Dad Poor Dad – there is a lot of evidence that Richard Kiyosake pretty much made up most of the stuff in the book, and had minimal financial success until his ventures into writing books on how to get rich.See: http://www.johntreed.com/Kiyosaki.html&hellip;[Read more]

]]> f3591cdc871f303bc18083be45a40bcc tess85 replied to the topic getting 1st mortgage - via broker or bank? in the forum Finance https://www.propertyinvesting.com/topic/4394103-getting-1st-mortgage-via-broker-or-bank/page/2/#post-4592312 Thu, 04 Sep 2008 03:14:30 +0000 Edvico_kvn wrote:
Bankwest have a track record of providing very slow service and causing delayed settlements (causing heaps of stress for FH buyers who are purchasing property for the first time).  This goes to show that borrowers should not think that the loan product  with lowest rate is actually best for you.  Consider the Lender's servi…[Read more]

]]> 96225b048009134c7af10aceb7c3835d tess85 replied to the topic getting 1st mortgage - via broker or bank? in the forum Finance https://www.propertyinvesting.com/topic/4394103-getting-1st-mortgage-via-broker-or-bank/page/2/#post-4592311 Thu, 04 Sep 2008 03:09:45 +0000 Thank you Richard & Kevin for your comments!

Qlds007 wrote:
There is nothing to stop you buying an PPOR and making the loan interest only with a 100% offset account attached to it.

At the moment, this is our current intention. (unless it will negatively affect our tax situation when we buy our IP a few years later? I need to read up some more…[Read more]

]]> 5db10ef3b8a507452e4cf46d17d4e125 tess85 replied to the topic getting 1st mortgage - via broker or bank? in the forum Finance https://www.propertyinvesting.com/topic/4394103-getting-1st-mortgage-via-broker-or-bank/page/2/#post-4592308 Thu, 04 Sep 2008 00:06:00 +0000 So, we have gone and seen our 1st MB from Mortgage Choice. He seems pretty well informed (fairly sure he was not a plumber in the morning!) and knows his calculations. (I studied annuities last year and he definitely knows his numbers). Not so sure if he knows his products since this is an area that I don't have any experience in.We want to buy…[Read more]

]]> 11b55398068fefd8781897578c8dd80b tess85 replied to the topic getting 1st mortgage - via broker or bank? in the forum Finance https://www.propertyinvesting.com/topic/4394103-getting-1st-mortgage-via-broker-or-bank/page/2/#post-4592307 Wed, 03 Sep 2008 06:39:20 +0000 Edvico, Richard, thank you for your considered replies. I hadn't realised that if we were going to get an IP a couple of years down the track, that the loan needs to be structured correctly NOW. i'll ask the Mortgage Choice guy about that, but it's only our 1st consultation today — if he doesn't turn out to be any good, I will find a better…[Read more]

]]> 4e15529bc5e161f02bf65e6d4a22c147 tess85 replied to the topic getting 1st mortgage - via broker or bank? in the forum Finance https://www.propertyinvesting.com/topic/4394103-getting-1st-mortgage-via-broker-or-bank/#post-4592304 Wed, 03 Sep 2008 00:00:02 +0000 Meeting a potential mortgage broker today (guy from Mortgage choice). Do you think it is worth asking for a 30% or 50% rebate on commission? My husband & I have well-paying jobs, and though this is our first property and we are young, we expect to buy a couple of IPs before we are 30.

]]> 16a811273ed300b297cf04657520cbc5 tess85 replied to the topic Sydney market in the forum General Property https://www.propertyinvesting.com/topic/4393244-sydney-market-2/#post-4587595 Fri, 29 Aug 2008 07:36:14 +0000 hmmm, more food for thought. devo's post reminds me of Donnie Darko (when the propeller crashes into his house)We are planning to live in our first house for a while, so I guess we'll have to debate the price of silence… ie. the question of whether it is ok to buy a nice & cheap place right under the flight path, or to pay more for a quieter…[Read more]

]]> c03a029b085553e9d697a14b7e7959b1 tess85 replied to the topic Sydney market in the forum General Property https://www.propertyinvesting.com/topic/4393244-sydney-market-2/#post-4587592 Fri, 29 Aug 2008 00:46:42 +0000 I'm looking around Newtown/St Peters. My parents are trying to talk me out of one directly underneath the flight path… eg. fuel dumping and all that jazz. Does anyone know much about the health issues of living under a flight path? (apart from the constant day & night noise)

]]> ed84e33490ebf3de2ee2ddb5d2fc57d8 tess85 replied to the topic getting 1st mortgage - via broker or bank? in the forum Finance https://www.propertyinvesting.com/topic/4394103-getting-1st-mortgage-via-broker-or-bank/#post-4592288 Thu, 28 Aug 2008 05:56:55 +0000 Thanks for your response. We are not looking for a low-doc loan, we have 20% deposit and substantial documentation (both have full time jobs. We have both worked for 1 year, being recent uni grads)I'm just preparing the documents for Mortgage choice, gee, they want you to bring a whole lot of things along! (last few pay slips, credit card…[Read more]

]]> ee6b6df42cc6903e0bf84742ed1f626a tess85 replied to the topic getting 1st mortgage - via broker or bank? in the forum Finance https://www.propertyinvesting.com/topic/4394103-getting-1st-mortgage-via-broker-or-bank/#post-4592286 Thu, 28 Aug 2008 04:43:56 +0000 I should also mention that we are not looking for a low-doc loan… we have 20% deposit and are looking at a property in the $500k-$600k range. [I know that under $500k will have free stamp duty for first home buyers, but we are in Sydney and need to be close to work in the city)

]]> eeb05b16658277f30c900169af2f56b0 tess85 replied to the topic Quick question: vendor bid? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391430-quick-question-vendor-bid/#post-4577173 Mon, 12 Nov 2007 23:52:44 +0000 ohh, I didn't even realise that a Highest Bid means the property didn't sell. How confusing. Thanks for straightening that out for me!! :)And thanks for clearing it up about the Vendor Bid for me.

]]> 047e4d2de5106c682ad5c7febd2f91e3 tess85 replied to the topic Mortgage Discharge in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391378-mortgage-discharge/#post-4576917 Mon, 12 Nov 2007 21:49:33 +0000 (didn't know how to edit my above post )One would wonder why I don't just take out a 10 year mortgage, but I'm not sure if I can repay the loan in that time.Are there discharge fees for offset accounts?PS. sorry for hijacking the above topic, I did think this was a relevant digression…

]]> 1e04492fa427521a4c77f4c088641d6c tess85 replied to the topic Mortgage Discharge in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391378-mortgage-discharge/#post-4576916 Mon, 12 Nov 2007 21:40:30 +0000 So, can you incur fees just by paying back your mortage early? eg. I want to take out a 15 year mortgage but I'm going to aim to pay it off in 10 years by making $xxx payments per month.

]]> 42390e7634cfefdc54194da8d2b78ab0 tess85 replied to the topic First home vs IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4391188-first-home-vs-ip/#post-4576032 Tue, 23 Oct 2007 03:35:35 +0000 Thanks all for the advice. I'm a little nervous about dipping my feet into the property market as I have only been involved in share trading. I'd have to sell most of my shares/managed funds to invest in property. Ideally I'd like to own a PPoR and IP but I don't want all my eggs in one basket, I still want to maintain an exposure to shares (since…[Read more]

]]> 129ad4a1ea687347a9073f5c44b02b47 tess85 replied to the topic First home vs IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4391188-first-home-vs-ip/#post-4576029 Sat, 20 Oct 2007 13:09:55 +0000 thanks so much for the responses. i am leaning towards buying our PPoR and then an IP maybe 2 years later. just a few questions, let's assume we take out a mortgage for the PPoR and make 2 years worth of repayments ($3000 per month for 2 years = $72,000)1. to avoid LMI, we'd have to stump up another 20% of the value of the IP. I doubt we'd have…[Read more]

]]> 6532eb279c69db2328d9a6d302621dad tess85 replied to the topic Kellyville Ridge and the Rouse Hill Town Centre in the forum sounds overpriced to me, https://www.propertyinvesting.com/topic/4391158-kellyville-ridge-and-the-rouse-hill-town-centre/#post-4575873 Fri, 19 Oct 2007 03:56:39 +0000 sounds overpriced to me, considering its far location. with 345k, have you considered a 2 br unit in Sydney's inner west? there'll always be  demand in the inner suburbs…. (just my 2 cents )

]]> 3ddfe25a8346ec46561bf480a7461b33 tess85 replied to the topic Accountants and how do you find a property savvy one? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391088-accountants-and-how-do-you-find-a-property-savvy-one/#post-4575596 Fri, 19 Oct 2007 01:11:20 +0000 Thanks Bob :)

]]> 1702599393051622a0f0613914b98178 tess85 replied to the topic Accountants and how do you find a property savvy one? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391088-accountants-and-how-do-you-find-a-property-savvy-one/#post-4575594 Fri, 19 Oct 2007 00:40:28 +0000 I'd be interested to hear of some sydney recommendations too!Thanks in advance :)

]]> ea79ca14c2f7bc4b00481b51c760cad3 tess85 replied to the topic WealthScore.... How Did You Go? in the forum General Property https://www.propertyinvesting.com/topic/4390643-wealthscore-how-did-you-go/page/4/#post-4573155 Thu, 18 Oct 2007 06:46:32 +0000 (long-time lurker but first-time poster…)scored 428, pretty happy considering my age (22). Mind you, when I use my hard earned deposit to buy my first house, I'll probably be in the negative.. eek!

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