PropertyInvesting.com | TheShoulderGuy | Activity https://www.propertyinvesting.com/members/theshoulderguy/activity/ Activity feed for TheShoulderGuy. Wed, 15 Apr 2026 10:33:57 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 8f71ab559ed54866830c2c668cf832f4 TheShoulderGuy started the topic How to Structure/Finance 'A Joint Family' Rural Property/Tourism Biz Purchase? in the forum Help Needed! https://www.propertyinvesting.com/topic/5068881-how-to-structurefinance-a-joint-family-rural-propertytourism-biz-purchase/ Mon, 02 Nov 2020 01:16:36 +0000 Hi there folks!

Luke here looking for some direction, clarity and forum wisdom.

My Sister and I are both married with (pre-teen) children, in our late 40’s and have mortgages over PPOR and investment properties.

She lives in Mackay and I in Brisbane.

All spouses work in (self) employment not significantly affected by COVID…

My sister and I…[Read more]

]]> 60ad0cf34412c718e88afa5b731d510f TheShoulderGuy posted an update: Getting back into the property market. https://www.propertyinvesting.com/activity/p/314673/ Mon, 11 May 2015 01:17:59 +0000 Getting back into the property market.

]]> dcd23c6d73b2afd1533a15986b98181b TheShoulderGuy changed their profile picture https://www.propertyinvesting.com/activity/p/314672/ Mon, 11 May 2015 01:17:02 +0000 77b74f8cf64135a78554d493e7a75ee5 TheShoulderGuy replied to the topic Pre Conference webinars in the forum Heads Up! https://www.propertyinvesting.com/topic/4392791-pre-conference-webinars/#post-4585298 Wed, 02 Apr 2008 07:50:45 +0000 Anybody?????

]]> dda821aae54bdfeb7c701609d3151197 TheShoulderGuy replied to the topic Can an Easement running along a fence line impact on DA to subdivide a block?? in the forum General Property https://www.propertyinvesting.com/topic/4392579-can-an-easement-running-along-a-fence-line-impact-on-da-to-subdivide-a-block/#post-4584006 Mon, 10 Mar 2008 09:29:30 +0000 Thanks Steve, a quick call to the local council revealed that it is an ''unidentifed easement" most likely for access to storm water pipes as these just touch the southeastern corner of the block. So will need an Engineers Report and a Survey Plan to ID who owns the easement…. most likely local council. Councils preferred access to the easement…[Read more]

]]> 68b63f440eb54f394ad1f529944b00f9 TheShoulderGuy replied to the topic Can an Easement running along a fence line impact on DA to subdivide a block?? in the forum General Property https://www.propertyinvesting.com/topic/4392579-can-an-easement-running-along-a-fence-line-impact-on-da-to-subdivide-a-block/#post-4584004 Mon, 10 Mar 2008 01:00:33 +0000 Thanks Rodeo, not sure what easement is for, easement comes up on a property data website but is not mentioned on council property development website so will contact council for a clarification. Just hoping that it wouldn't impact on any subdivision potential or building potential. Thanks again

]]> 8951693793fbea53d20b1e41112914fe TheShoulderGuy replied to the topic Negative Gear or Cash Flow positive in the forum General Property https://www.propertyinvesting.com/topic/4392350-negative-gear-or-cash-flow-positive/#post-4582929 Wed, 20 Feb 2008 09:24:14 +0000 Trakka, how do you approach the vendor with your vendor finance option?? Is it something that you just ask the agent whether the vendor would be interested in it?? Do the banks finance based on any standard LVR??Love hearing about your success.Cheers

]]> 2bfd6bb04efa183c7de6127f1de0c48a TheShoulderGuy replied to the topic Purchasing Commercial Property in the forum General Property https://www.propertyinvesting.com/topic/4392360-purchasing-commercial-property-2/#post-4582991 Mon, 18 Feb 2008 02:37:37 +0000 Thanks again Scott, I have asked for a copy of the lease and will get check out some of the finer details and will be sure to check all the points you and Trakker have suggested.Hopefully the lease checks out in my favour.Cheers

]]> 590259e802c8e008bf4d6a90e2396b04 TheShoulderGuy replied to the topic Purchasing Commercial Property in the forum General Property https://www.propertyinvesting.com/topic/4392360-purchasing-commercial-property-2/#post-4582989 Mon, 18 Feb 2008 01:33:44 +0000 Thanks Scott No Mates, The space is zoned commercial so would that reduce some of that risk? Tenants in the 6 unit complex are long term with good solid history. Floor space is small at 58m2. There is a small bond in place $1600. Lease is 3 x 3 with renewable option but outgoings are not included.Does this information raise any further eyebrows…[Read more]

]]> 8fe7a880205d08977ec82df80f23d196 TheShoulderGuy replied to the topic Purchasing Commercial Property in the forum General Property https://www.propertyinvesting.com/topic/4392360-purchasing-commercial-property-2/#post-4582987 Sun, 17 Feb 2008 23:54:42 +0000 Thanks guys for your input. Great stuff.Leased until Oct 2009 at approx 8% yield.Tenant is a hairdresser in a boutique strata titled complex with Doctors, Physios pharmacy etcWill use your tips to gain further information.Just wondering how are these properties valued?? What makes up the purchase price??Thanks agin for your help

]]> 2a5f1aaeff41ecc227af2fd5bb11ac57 TheShoulderGuy replied to the topic with $260k-$300k which area in Brisbane would you recommend? in the forum Help Needed! https://www.propertyinvesting.com/topic/4392355-with-260k-300k-which-area-in-brisbane-would-you-recommend/#post-4582951 Sun, 17 Feb 2008 08:58:06 +0000 Congratulations Kylie.Nothing like doing it in the real world and achieving success. Would love to emulate your success one day.Good on ya

]]> 84190abdfe3586cee2c70f5cefc713d9 TheShoulderGuy replied to the topic Buying a house in a Family Trust and renting back in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4392334-buying-a-house-in-a-family-trust-and-renting-back/#post-4582818 Fri, 15 Feb 2008 07:38:26 +0000 Thanks Terry, so those loses made after deductions etc would be then held in the trust and be offset against any capital gain in the future??? So as an example of a strategy then, if you were to rent out your PPOR for lets say an 8% yield and purchase another Property under a trust structure pay market rent and then any loss made after deductions…[Read more]

]]> 99489718266367780aa5704561f40856 TheShoulderGuy replied to the topic Buying a house in a Family Trust and renting back in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4392334-buying-a-house-in-a-family-trust-and-renting-back/#post-4582816 Fri, 15 Feb 2008 02:51:21 +0000 Thanks Terry and Tammy, I am a little confused. But would the rent that you are paying into the Trust be tax deductible? If so to whom or to what entity would this deduction apply? The trust would run at a loss I guess as loan and rental expenses would be greater that market rent paid by me. Thanks again

]]> b8b3cd948b3147cc8696094f296964b9 TheShoulderGuy started the topic Buying a house in a Family Trust and renting back in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4392334-buying-a-house-in-a-family-trust-and-renting-back/ Thu, 14 Feb 2008 07:27:21 +0000 Is it possible to purchase a property in the name of a Family Trust structure and rent back off the Trust. That rent being tax deductible?? What would happen you then did some renovations? How would they be treated from a deductibility/depreciation post of view? I thought I read this somewhere in a McKnight publication?? Hmmmm

Cheers

]]> 760bb05cfe3c474bc44cc07f73f7b535 TheShoulderGuy started the topic Buying a house in a Family Trust and renting back in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4392334-buying-a-house-in-a-family-trust-and-renting-back/ Thu, 14 Feb 2008 07:27:21 +0000 Is it possible to purchase a property in the name of a Family Trust structure and rent back off the Trust. That rent being tax deductible?? What would happen you then did some renovations? How would they be treated from a deductibility/depreciation post of view? I thought I read this somewhere in a McKnight publication?? Hmmmm

Cheers

]]> a0c0f0d3a3d2bae261fccb409e8c2f9c TheShoulderGuy replied to the topic how did Steve McNight finance his properties? in the forum Finance https://www.propertyinvesting.com/topic/4391955-how-did-steve-mcnight-finance-his-properties/#post-4580789 Wed, 16 Jan 2008 05:42:43 +0000 Steve , also sorry to hear about your wife's ill health. Property Investing will and should always take a back seat when personal health and family are involved. Hope all works out for you and yours. Bit harsh I thought to criticise someone on their success. Funny how we tend to think that they (the wealthy or successful) must have done something…[Read more]

]]> ae68c09eb52e99dc7da0a85cdf895313 TheShoulderGuy replied to the topic Do RE agents treat investors and would be home owners differently? in the forum Thanks for contributing. I https://www.propertyinvesting.com/topic/4391914-do-re-agents-treat-investors-and-would-be-home-owners-differently/#post-4580503 Wed, 16 Jan 2008 05:22:50 +0000 Thanks for contributing. I have certainly gotten something out of your comments and will take it on board.Cheers and happy investing

]]> 3d3ab2e763fd56a15f37050bb968e7b7 TheShoulderGuy replied to the topic Macquarie (global limit) LOC in the forum Finance https://www.propertyinvesting.com/topic/4391807-macquarie-global-limit-loc/#post-4579498 Tue, 08 Jan 2008 00:23:43 +0000 Who then is best to structure loans going forward. My Broker? My Solicitor? My Financial Advisor? Are you proficient in these areas Richard? Thanks mate

]]> a2d4d40d0098da8fe6a97c2386d58864 TheShoulderGuy replied to the topic Macquarie (global limit) LOC in the forum Finance https://www.propertyinvesting.com/topic/4391807-macquarie-global-limit-loc/#post-4579496 Mon, 07 Jan 2008 23:48:53 +0000 Thanks again Richard, PPOR currently with ANZ LOC. Would you suggest talking with them to discuss as would be 1st IP. I am keen on a debt reduction strategy asap. I think interest rate MB quoted for Mac Bank LOC was 7.68% in early Dec 2007 but extra costs of doing transactions with Mac bank would increase the costs of doing business. Yes?Cheers

]]> bc2ad32f368db0dba2d016a2687e10ba TheShoulderGuy replied to the topic Macquarie (global limit) LOC in the forum Finance https://www.propertyinvesting.com/topic/4391807-macquarie-global-limit-loc/#post-4579494 Mon, 07 Jan 2008 23:27:03 +0000 Thanks Richard, is it too much to ask what other lenders you are thinking about to keep loans separate and at a lower interest rate??Thanks heaps 

]]> 6acf25dd2ac05446d515efc9f2aa8ce6 TheShoulderGuy replied to the topic Macquarie (global limit) LOC in the forum Finance https://www.propertyinvesting.com/topic/4391807-macquarie-global-limit-loc/#post-4579492 Sun, 06 Jan 2008 09:45:01 +0000 Very Interesting comments and thank you for your posts. The reason why I posted this question was because my mortgage broker suggested this product as a way of wealth building and debt reduction. I will try to explain below: LOC 1 on PPOR LOC 2 using equity from PPOR to fund IP purchases IO.Broker suggested that via Neg Gearing a tax rebate would…[Read more]

]]> c93795fdd89d2f7686e0d66d0911f1ec TheShoulderGuy replied to the topic developing in the forum Creative Investing https://www.propertyinvesting.com/topic/4391538-developing/#post-4577925 Fri, 07 Dec 2007 06:02:41 +0000 Hi John, just wondering about the 20% deposit? Have you secured that through your money partners?? Further I am considering purchasing an IP to reno, SD off some land and sell both to pay down PPOR. What are some things that you have factored in to your numbers to ascertain whether it is a good deal or not?? Cheers

]]> b8478dc80a979b96e9e34ed5a62a0ae8 TheShoulderGuy replied to the topic Setback Distance in the forum Value Adding https://www.propertyinvesting.com/topic/4391353-setback-distance/#post-4576818 Tue, 13 Nov 2007 11:47:45 +0000 Saliesh do you guys operate in Ipswich as well??

]]> 34eb32435ff120de16a0a4f7e212e5bb TheShoulderGuy replied to the topic Martin Ayles Seminar in the forum General Property https://www.propertyinvesting.com/topic/4391373-martin-ayles-seminar-3/#post-4576894 Wed, 07 Nov 2007 03:56:36 +0000 Tony, mate thanks for your wrap on the seminar. I too get caught up with the intricacies and should "just do it" but I am please that you have gotten something out of it and can recommend it for next time. I am keen to start down the subdivision/development pathway but want to start small so hopefully I can catch the next one early next year I h…[Read more]

]]> bb7d6591130d2322af7430b3f8d48dad TheShoulderGuy replied to the topic Future Interest Rates in the forum General Property https://www.propertyinvesting.com/topic/4391329-future-interest-rates/#post-4576696 Thu, 01 Nov 2007 11:59:10 +0000 Any opinions on whether to fix at 3 or 5 years. Potential for inflationary pressures to be around for some time to come with Aussie mining boom, drought etc and the effects of world economy and volitility in some major old school markets. Any thoughts on this as just looking to refinance myself on PPOR and new IP.Cheers

]]> 8437c37beb76bd357c0db0a4b0089610 TheShoulderGuy replied to the topic Suggestions on Finance for 1st IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4391294-suggestions-on-finance-for-1st-ip/#post-4576554 Tue, 30 Oct 2007 03:42:51 +0000 Thanks Simon soungs good but I have a few questions. Regarding deductibility – just to confirm the 20% deposit plus costs from the LOC and the 80% loan on the IP will be tax deductible?Won't paying the rental monies and my wages etc into my home loan make the other loans non deductible because the expense incurred is not offset against the rental…[Read more]

]]> 5e8b82c2b55e5b55d2adcbe632906392 TheShoulderGuy replied to the topic Bob Anderson Development Seminar in the forum Value Adding https://www.propertyinvesting.com/topic/4391231-bob-anderson-development-seminar/#post-4576244 Thu, 25 Oct 2007 00:30:03 +0000 Cheers Bob might see you on the 24th in Brissy

]]> 52bec5e06b5553e47d85889c15ab32df TheShoulderGuy started the topic Bob Anderson Development Seminar in the forum Value Adding https://www.propertyinvesting.com/topic/4391231-bob-anderson-development-seminar/ Tue, 23 Oct 2007 11:16:25 +0000 Just wondering whether Bob or anyone else in the know could give a brief outline of what is covered in his up and coming seminar that was mentioned recently on this forum. Will it give a blueprint/checklist (so to speak) as to how to go about Subdividing a corner block with existing house for example and developing the back into small lot housing…[Read more]

]]> 3297448bddf610113ff8260fce08f3fe TheShoulderGuy replied to the topic Recommeded Builder/ Built New Kitchen in the forum Value Adding https://www.propertyinvesting.com/topic/4390273-recommeded-builder-built-new-kitchen/#post-4571021 Tue, 24 Jul 2007 04:27:48 +0000 No worries, would ideally get in quotes to do any structural works (i.e. constructing new walls) but all i did was to make sure (as much as possible) that the existing walls were level and square before putting on plasterboard. So I had to plane back some studs and nogs etc and just keep checking with a straight edge until I was happy that the…[Read more]

]]> 66b7875a64ffb94e8c126fac2c7ef550 TheShoulderGuy replied to the topic Recommeded Builder/ Built New Kitchen in the forum Value Adding https://www.propertyinvesting.com/topic/4390273-recommeded-builder-built-new-kitchen/#post-4571019 Tue, 24 Jul 2007 03:30:48 +0000 Hi Icecool, just completed full kitchen reno on PPOR. Did all demolition, removal of existing walls and framing up myself, fixed 10mm plasterboard (from Bunnings) myself, got in a tradies to set, finish and paint plasterboard for ($1200); replumbed existing plumbing to sink etc myself, bought smart pack kitchen (including sink, mixer, doors, h…[Read more]

]]> a3001b77d28e57dbcdd2d95c08f6cd5b TheShoulderGuy replied to the topic Brisbane towards Toowoomba in the forum Help Needed! https://www.propertyinvesting.com/topic/4389334-brisbane-towards-toowoomba/#post-4566476 Thu, 19 Apr 2007 23:31:25 +0000 This my first comment to be posted on this site so hope it is okay."Wife works in Ipswich much happening in and around there. Especially North Ipswich way. Good Luck"

]]>