PropertyInvesting.com | tlm1987 | Activity https://www.propertyinvesting.com/members/tlm1987/activity/ Activity feed for tlm1987. Sun, 12 Apr 2026 06:54:18 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 4f5c1ca757fe86f5e2068a825032ca78 tlm1987 replied to the topic ANZ Loans disconnect with their customers. in the forum Finance https://www.propertyinvesting.com/topic/4406053-anz-loans-disconnect-with-their-customers/#post-4665281 Sun, 28 Apr 2013 11:43:29 +0000 I dislike my bank at the moment too. I needed $360,000. The bastards only wanted to give me $310,000 (purchase price+costs). Apparently serviceability is why they wouldn't give me more. It's OK, I have two pay rises kicking in this year, one in 3 months and 1 end of December. They said I'll be right then.
– That's not ANZ though.

I'm thinking of…[Read more]

]]> 5f544569c3f152878552dd4a3d18f36e tlm1987 replied to the topic Neutral property in the forum Forum Frolic https://www.propertyinvesting.com/topic/4409195-neutral-property/#post-4689853 Fri, 19 Apr 2013 23:46:21 +0000 I think neutral is fine if it delivers capital growth like Shahin mentioned. It is better than negative because it ain't costing you anything, and it'll turn into positive geared property with a rent increase. I like the idea of neutral gearing.

]]> 78d7ec32380a307c41cf928c527eef8c tlm1987 replied to the topic LMI Top Up Q in the forum Help Needed! https://www.propertyinvesting.com/topic/4409108-lmi-top-up-q/#post-4689303 Thu, 04 Apr 2013 10:44:13 +0000 thumbs up; thanks Jamie

]]> 13a1c8c0a04f0b9fd4749bde1b50d2b5 tlm1987 replied to the topic Managed Fund Q in the forum Finance https://www.propertyinvesting.com/topic/4409076-managed-fund-q/#post-4689102 Thu, 04 Apr 2013 08:42:08 +0000 Richard; I accept what you're saying about redraw amount, house I currently live in, won't be my long term PPOR. Given that, I will start putting money into savings account instead! I'm sure I knew this, but it ain't been clicking.

Would be be impossible for me to utilise the SMSF option, I'm only 26, and having done the uni thing for 6 years,…[Read more]

]]> 7ca8db2a34f47283c510bf7c65c67059 tlm1987 replied to the topic Unit by the beach or house in a good suburb in the forum Help Needed! https://www.propertyinvesting.com/topic/4409084-unit-by-the-beach-or-house-in-a-good-suburb/#post-4689158 Mon, 01 Apr 2013 09:44:33 +0000 If you plan on making this your PPOR in 2 years, I'd go for the one you love. It will be nicer to go home to. Despite what some would say, I don't think buying property is all about the numbers. 

]]> 1c2c45246e99e16a96cef2728f4a6e04 tlm1987 replied to the topic Managed Fund Q in the forum Finance https://www.propertyinvesting.com/topic/4409076-managed-fund-q/#post-4689100 Sun, 31 Mar 2013 03:57:56 +0000 Thanks Richard; 

For me, goal is to get to an IP (need about $10,000 more in the savings account to do it), but I liked the idea of putting little bits of money into a managed fund, with the ability to access it in my 40s or 50s, rather than contributing little bits to super and waiting til I'm 60. Either way, will keep sticking the cash in the…[Read more]

]]> 0765871648b04d34af31a36ee1ee7198 tlm1987 replied to the topic Surat Basin - which town to invest in? in the forum Creative Investing https://www.propertyinvesting.com/topic/4403525-surat-basin-which-town-to-invest-in/#post-4647056 Fri, 29 Mar 2013 10:16:21 +0000 if anyone updating, would be interested to hear about the future of Roma; how long does it have left?

]]> ef3023485afdc1da93a1cdd3719832f7 tlm1987 replied to the topic New Member, need some help with running the numbers! in the forum Finance https://www.propertyinvesting.com/topic/4409059-new-member-need-some-help-with-running-the-numbers/#post-4688968 Wed, 27 Mar 2013 11:47:02 +0000 The tricks that tend to get re-stated in forum are:

1. ONLY pay INTEREST, not PRINCIPAL.

2. I would suppose that after a few rent increases, even $5 per year, you would take a property from neutral to positive fairly quickly. 

3. I seen my bank has a three year fixed rate at 4.99% now. I fixed mine at 5.32!!! I hate when things like this…[Read more]

]]> cb907d771deb86f53f5210d920109816 tlm1987 replied to the topic Really could use some advice! in the forum Help Needed! https://www.propertyinvesting.com/topic/4408984-really-could-use-some-advice/#post-4688446 Mon, 18 Mar 2013 06:31:14 +0000 If owing 120k, and worth 145k – you need to remember, you wouldn't be able to take 25k away with you as the costs to sell the property would be about 10k.

What town are they in?

]]> 230ae23d4d3dab3956d6ea76e17b3ce8 tlm1987 replied to the topic Title insurance for home buyers? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408988-title-insurance-for-home-buyers/#post-4688502 Mon, 18 Mar 2013 06:26:35 +0000 I got it when I purchased my PPOR last year. I was pretty naive, and sus on it, but I directly asked my conveyancer and she told me that she doesn't get any commission or kick backs from using it, so given she had nothing to gain, I got it. 

She said the other options were to get a surveyor to check boundaries, and something else done, costing…[Read more]

]]> fccd6260b84a75b78aab127c4306d086 tlm1987 replied to the topic Selling a tenanted IP in the forum General Property https://www.propertyinvesting.com/topic/4408948-selling-a-tenanted-ip/#post-4688257 Fri, 15 Mar 2013 06:00:45 +0000 On the flipside; if you do contact the tenant directly, you'd save on agents fee and can offer to split the difference with them. Eg – Agent fee 10k, so take 5k off sale price and you both 'save' 5k. Or would this grump up the agent?

]]> 1d787e30d9b76acde784fae28453c7cf tlm1987 replied to the topic Terrible Real Estate agent. in the forum Opinionated! https://www.propertyinvesting.com/topic/4408935-terrible-real-estate-agent/#post-4688180 Sat, 09 Mar 2013 21:33:17 +0000 There is a difference between stating fact and the posting of flaming comments. Keep it professional, even if they didn't, would be my advice.

I had many poor dealings with agents when buying my PPOR. Blatant lies were always a big problem – – – – not to steal your thread, but if anyone is looking in Bathurst I'd recommend 'The Professionals' -…[Read more]

]]> cd172956145a90130e6893e20fe1f348 tlm1987 replied to the topic Should I pay down loan on negative geared property in the forum Help Needed! https://www.propertyinvesting.com/topic/4408884-should-i-pay-down-loan-on-negative-geared-property/#post-4687780 Sat, 02 Mar 2013 22:20:42 +0000 Bugaloo; I've only just started in the past two months to investigate the property game, so forgive my explanation.

1. They are saying to have an offset account, it's like a redraw, but just an account attached to your loan.
– If you owe 200k on your loan, you pay interest on 200k
– If you had 50k in 'offset' account, you havn't paid any of your…[Read more]

]]> 092341d0a38e2e83e6ef43c78aa6c935 tlm1987 replied to the topic Do property managers / agencies receive kick backs? in the forum General Property https://www.propertyinvesting.com/topic/4400138-do-property-managers-agencies-receive-kick-backs/#post-4625499 Mon, 25 Feb 2013 09:15:10 +0000 My dad is a carpenter, always self employed – he used to do a lot of work for real estates and that was that. No kick backs his end

]]> d254b2895ebad75c98a9c01b05e24372 tlm1987 replied to the topic Old house interior - Help with Gyprock and wooden wall boards in the forum Value Adding https://www.propertyinvesting.com/topic/4408824-old-house-interior-help-with-gyprock-and-wooden-wall-boards/#post-4687248 Sat, 23 Feb 2013 12:43:32 +0000 I am in agreement; those older homes with cheap looking wooden panels for walls… YUCK!

What's 'Blue Board' – is this a type of gyprock? I remember dad talking about it being only a few mm thick and just going straight over existing walls. In my PPOR I have old walls (late 1800s) which were a pain in the arse to gyprock, then sand bank then…[Read more]

]]> 5b5a0f60bd4a898bc5e6bcd4693a015b tlm1987 replied to the topic CF+ properties in regional towns like Stawell Vic in the forum Help Needed! https://www.propertyinvesting.com/topic/4408774-cf-properties-in-regional-towns-like-stawell-vic/#post-4686845 Sat, 16 Feb 2013 23:28:10 +0000 I am only just starting to get into the investment property game, although I'm still a few months off being able to buy one, I figure it doesn't hurt to start researching early. One of my techniques is to look at the census data for the area. The census data that is of concern for this town is the population is slowly decreasing. 
Since 2004 the…[Read more]

]]> a1258cfe9def6b1f5cbc0e802ec8f764 tlm1987 replied to the topic Advantages of purchasing/owning a mobile home park as compared to apartments and other real estate: in the forum Creative Investing https://www.propertyinvesting.com/topic/4390638-advantages-of-purchasingowning-a-mobile-home-park-as-compared-to-apartments-and-other-real-estate/#post-4573071 Sat, 16 Feb 2013 06:52:28 +0000 When I moved away from home to Uni (Wollongong) mum and dad bought one of these homes for me to live in, with site fees being the only costs. Was cheap and convenient and the sand was also about 100 metres away (park was located right on the water, between two flagged beachers). The big draw card was that it was boom gated to get in, and…[Read more]

]]> 64d691cb9f29ec5343cee0101739aeb6 tlm1987 replied to the topic What is a sleepout? in the forum Help Needed! https://www.propertyinvesting.com/topic/4377314-what-is-a-sleepout/#post-4497444 Wed, 13 Feb 2013 07:34:05 +0000 Yes; closed in verandah as others have said.
I like stories from older people who lived in large families. The girls would have one room, the boys would have the sleepout.

]]> 1ed80e80920cffcf706e0fb6dc027643 tlm1987 replied to the topic Neighbour wants to replace the boundary fence in the forum Value Adding https://www.propertyinvesting.com/topic/4408684-neighbour-wants-to-replace-the-boundary-fence/#post-4686179 Sun, 10 Feb 2013 03:10:24 +0000 Possibly depends on area. I live in old area, my PPOR was built in 1860, with later extensions. In my area everyone uses palings and they suit the area. In a new estate or with new 'modern' houses, fair enough, colourbond works better. 

]]> f05daac67c194bc52f3952366ec8e34b tlm1987 replied to the topic Neighbour wants to replace the boundary fence in the forum Value Adding https://www.propertyinvesting.com/topic/4408684-neighbour-wants-to-replace-the-boundary-fence/#post-4686177 Sat, 09 Feb 2013 12:54:18 +0000 To take a tangent, I agree with TheFinanceShop's post above, about palings being more appealing than colourbond. That said; which is better from investment property standpoint?

Let's assume on ChrisA1's property colourbond is $900, what would be cost of the palings?

As I understand it, should expect palings to last 20 years. How long does the…[Read more]

]]> 641f38bc570ba01983faebb6658efabf tlm1987 replied to the topic Council & Water Rates in the forum Help Needed! https://www.propertyinvesting.com/topic/4408635-council-water-rates/#post-4685714 Sun, 03 Feb 2013 05:20:57 +0000 If you google the address of the property, it gives you the past sale information anyways. You also find other interesting bits and pieces, including old rental adverts, sometimes history. When I googled my address of PPOR prior to buying it, I also googled next door (because house is a semi) – either way, next door had some soldier information…[Read more]

]]> 2c3087b2a8e729ef873fdd6ab2a02f67 tlm1987 replied to the topic Improvements to ex NSW Housing Commission House in the forum Value Adding https://www.propertyinvesting.com/topic/4408444-improvements-to-ex-nsw-housing-commission-house/#post-4683924 Mon, 28 Jan 2013 02:12:21 +0000 To add my few cents to the conversation, I used to live in Wollongong and I knew a lot of people who commuted to Campbeltown for work. (Were these friends nurses? Possibly, I can't remember).

But either way, I do like the position of campbeltown between Sydney and proximity to Wollongong beaches – something which Western Sydney doesn't have…[Read more]

]]> 0bb167a173dc8638f1ddd045eff652e2 tlm1987 replied to the topic Using personal loans to secure studio apartments in the forum Help Needed! https://www.propertyinvesting.com/topic/4408549-using-personal-loans-to-secure-studio-apartments/#post-4684996 Sat, 26 Jan 2013 05:18:25 +0000 To broaden the scope;
Would it be worth borrowing 10k to buy an IP if you had say the other 10k

]]> 9934b6a90c6dcf77fa6422d595696d91 tlm1987 replied to the topic US Property - good idea if America goes broke? in the forum Overseas Deals https://www.propertyinvesting.com/topic/4408519-us-property-good-idea-if-america-goes-broke/#post-4684634 Thu, 24 Jan 2013 02:22:58 +0000 Just a wondering from my end.

In Australia we hear so much said about investors from China and Japan coming in and buying up Australia. When you think Australians are quite happy to pop abroad and do the same thing, it kind of puts it in perspective with the various standards being applied.

BigGaz, i very much enjoyed your post on risk. +1

]]> e4e50ec98b389fabd970efae9123f9dc tlm1987 replied to the topic Building Insurance advice needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4408525-building-insurance-advice-needed/#post-4684700 Wed, 23 Jan 2013 08:40:11 +0000 Hi Sundance;
I can't offer you an answer on your insurance, but wanted to ask, what made you choose Tamworth?

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