PropertyInvesting.com | u36ma | Activity https://www.propertyinvesting.com/members/u36ma/activity/ Activity feed for u36ma. Mon, 13 Apr 2026 16:37:24 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 9ce91cae7a23e102889d7a86130a65a5 u36ma replied to the topic Tennants have maggots on living room carpet in the forum Help Needed! https://www.propertyinvesting.com/topic/4402683-tennants-have-maggots-on-living-room-carpet/#post-5053768 Thu, 06 Jun 2019 04:46:35 +0000 Back to the maggot topic, we had some in our rental house on the floor and sofas! It was really freaky and confounding until we realised they were dropping from the light fixtures. Someone had put a box of Ratsak poison in the roof, so when a rat ate it, it crawled under some insulation batts and died so we couldn’t locate it. AFter a week, the…[Read more]

]]> 2c8ddd81070aa1425cd28f0840319ec6 u36ma replied to the topic AirBnB for passive investment in the forum Creative Investing https://www.propertyinvesting.com/topic/5032358-airbnb-for-passive-investment/#post-5032604 Wed, 25 Jan 2017 05:19:46 +0000 Hi Ravi,

I’ve been thinking of this too. For the initial purchase from the bank I would get a rental evaluation from an agent to satisfy the bank requirement.

For further property purchases, it would be difficult to prove income from the 1st property, so you may want to guarantor it in a Company name and then you can show company earnings over…[Read more]

]]> edd3217912e7ad49928c9e32b7bb1233 u36ma started the topic Reliable,affordable rental agents in Logan area QLD in the forum Help Needed! https://www.propertyinvesting.com/topic/5001144-reliableaffordable-rental-agents-in-logan-area-qld/ Mon, 16 Feb 2015 00:16:04 +0000 Hi All,

Could any landlords with investments in the Logan area of Brisbane please privately mail me managing agents who don’t charge massive commissions/management fees? They also need to be reliable.

Thanks,
Matt

]]> 502fdbeb671fa6c5cffcd09c6d19f605 u36ma replied to the topic Bills leftover after Settlement! in the forum Help Needed! https://www.propertyinvesting.com/topic/4992596-bills-leftover-after-settlement/#post-4993690 Fri, 15 Aug 2014 03:12:23 +0000 all good thanks Wilko… my stupid conveyancer had lost the cheque among paperwork and only found it 2 months after settlement. They have since posted it to the council. Phew! Will never use them again.

]]> ce96459c57f94f2ca5a8b8fc0d6fdc3b u36ma replied to the topic My latest development - 4 dwellings in Melbourne in the forum Value Adding https://www.propertyinvesting.com/topic/4409620-my-latest-development-4-dwellings-in-melbourne/page/3/#post-4993401 Tue, 05 Aug 2014 02:18:50 +0000 Hi Oscar, late to this post, but looks amazing. Great achievement!
With the profit do you start funding your next project yourself or is it still better to get bank loans and pay the interest?
Cheers,
Matt

]]> 4f19cf530e8a11231992e4f5d5e5e838 u36ma replied to the topic Answers to "Where to Find CF+ Deals" in the forum Help Needed! https://www.propertyinvesting.com/topic/4384472-answers-to-where-to-find-cf-deals/page/25/#post-4993189 Tue, 29 Jul 2014 02:32:51 +0000

it came back at only $145k rather than the $200k it came back at in early 2013.

Hi Dark Knight,

That’s a really interesting story about BInvested. I always wondered how their clients achieved so many rapid property purchases.
On the whole though, are the properties still cashflow positive? I imagine it will only be an issue for you if you…[Read more]

]]> 6dd6d29fdbfb53ad112c0ef0c68d7d9e u36ma replied to the topic Campbelltown or Penrith in Sydney in the forum Help Needed! https://www.propertyinvesting.com/topic/4992568-campbelltown-or-penrith-in-sydney/#post-4993184 Tue, 29 Jul 2014 00:35:03 +0000 Looks like it’s pretty high at 2.97%
http://www.realestateinvestar.com.au/Property/st+marys
There is a rental population of 43.91% though, so a lot of renters out there it seems.

]]> 52b13e4460c5afde76a19d6fcde6f5a7 u36ma replied to the topic Buyer's Agent in Toowoomba? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410049-buyers-agent-in-toowoomba/#post-4993090 Sat, 26 Jul 2014 07:37:24 +0000 No…in the end I flew up there a few times, got to know good/bad areas and bought a house in the centre which ended up going to a sealed bid.
At the time I thought I had paid too much but agents have told me it would have risen in value by now.

A buyers agent probably could have got me a better deal but I have some trust issues that I always…[Read more]

]]> 206cba9afacfe1c6bec67789e285578a u36ma replied to the topic Campbelltown or Penrith in Sydney in the forum Help Needed! https://www.propertyinvesting.com/topic/4992568-campbelltown-or-penrith-in-sydney/#post-4993052 Thu, 24 Jul 2014 23:15:19 +0000 As a side note, I have a unit in St Marys, near the station, and it is coming up for rent renewal. I just spoke to my property manager who said that rents have gone up but demand for the suburb as a whole (both units and houses) is quite soft at the moment so it’s unpredictable. If it doesn’t get anybody through the door after 1 week on the rental…[Read more]

]]> 0a58e9ee3d83e88ceaab815a16e6d88c u36ma replied to the topic Campbelltown or Penrith in Sydney in the forum Help Needed! https://www.propertyinvesting.com/topic/4992568-campbelltown-or-penrith-in-sydney/#post-4993051 Thu, 24 Jul 2014 23:10:14 +0000 It depends on what you want to do with the properties.
If you are looking to improve value and get capital gains, I guess you could do that more easily with a house with potential to build granny flats, renovate, develop etc.

If you are looking to just buy and hold I always find units are easiest because of very low maintenance. Some would argue…[Read more]

]]> bed92385793300bd7861c5535828453c u36ma replied to the topic Campbelltown or Penrith in Sydney in the forum Help Needed! https://www.propertyinvesting.com/topic/4992568-campbelltown-or-penrith-in-sydney/#post-4993051 Thu, 24 Jul 2014 23:10:14 +0000 It depends on what you want to do with the properties.
If you are looking to improve value and get capital gains, I guess you could do that more easily with a house with potential to build granny flats, renovate, develop etc.

If you are looking to just buy and hold I always find units are easiest because of very low maintenance. Some would argue…[Read more]

]]> 3709d10dfd1f9f12a7539452327e3c41 u36ma replied to the topic Campbelltown or Penrith in Sydney in the forum Help Needed! https://www.propertyinvesting.com/topic/4992568-campbelltown-or-penrith-in-sydney/#post-4993051 Thu, 24 Jul 2014 23:10:14 +0000 It depends on what you want to do with the properties.
If you are looking to improve value and get capital gains, I guess you could do that more easily with a house with potential to build granny flats, renovate, develop etc.

If you are looking to just buy and hold I always find units are easiest because of very low maintenance. Some would…[Read more]

]]> c2cabdbe63c697ee7047c84695f1d3d3 u36ma replied to the topic Campbelltown or Penrith in Sydney in the forum Help Needed! https://www.propertyinvesting.com/topic/4992568-campbelltown-or-penrith-in-sydney/#post-4993017 Wed, 23 Jul 2014 05:58:58 +0000 I don’t know about normal,… numbers are misleading (they may be being snapped up within 1 day of being advertised, or they may be languishing on the rental market).
I look at Vacancy Rate figures:
http://www.realestateinvestar.com.au/Property/nsw/penrith#rentalStats-tab

Penrith as a region currently has a vacancy rate of 1.34%.
I consider…[Read more]

]]> 58124ca998c0c72fa243ba04a4e99681 u36ma replied to the topic Campbelltown or Penrith in Sydney in the forum Help Needed! https://www.propertyinvesting.com/topic/4992568-campbelltown-or-penrith-in-sydney/#post-4992597 Wed, 09 Jul 2014 04:06:21 +0000 I have investments (both a house and a unit) in both and I have to say they are currently performing pretty evenly.
Campbelltown has the widening extended highway program underway, whereas Penrith area is undergoing quite a lot of gentrification and investment itself. Being part of Sydney I don’t think you’ll have too much trouble renting out in…[Read more]

]]> 332106e97d8d823c0d2981e08dea19c3 u36ma started the topic Bills leftover after Settlement! in the forum Help Needed! https://www.propertyinvesting.com/topic/4992596-bills-leftover-after-settlement/ Wed, 09 Jul 2014 03:55:13 +0000 Hi all, hoping for some help!

I used a cheap conveyancer to buy a house in QLD and am now regretting it.

Prior to settlement I saw on a rates bill that the vendor provided that they had $2000 of unpaid overdue council rates.
Unfortunately it doesn’t look like my conveyancer ordered a Council Search prior to settlement which I did not pick up…[Read more]

]]> 69f4791ed97ec8cde5c2267ee0c87bd7 u36ma started the topic How to find blocks of units? in the forum Creative Investing https://www.propertyinvesting.com/topic/4991254-how-to-find-blocks-of-units/ Sun, 01 Jun 2014 12:03:39 +0000 Which websites are good for finding blocks of units for sale? Domain and RealEstate seem to fall a bit short for these types of searches I think.

Thanks for any advice.

]]> 35f2031f4bf2e88dc82e62fd31468eba u36ma started the topic How much to insure for? in the forum Help Needed! https://www.propertyinvesting.com/topic/4991084-how-much-to-insure-for-2/ Tue, 27 May 2014 23:56:57 +0000 Hi all,

I’ve been thinking generally about property under a body corporate management. I realise that you don’t need building insurance, but Landlord insurance is still important for absconding tenants or internal damage to contents.

With that in mind I’d like to ask a quick poll of how much do you insure for contents in…[Read more]

]]> f02b45ca1900eccfce4eda706fa33230 u36ma replied to the topic Locations for cashflow + properties in the forum General Property https://www.propertyinvesting.com/topic/4410727-locations-for-cashflow-properties/#post-4990551 Thu, 15 May 2014 07:50:44 +0000 Thanks all for your responses…. all of them rung true with me.
In the end I bought a 5 year old property in Waterford, a southern suburb of Brisbane. The market is sluggish there but it has strong pop growth and good infrastructure investment with one of the highest funded councils in Qld (Logan). Yield is about 6% so not too fantastic, but I…[Read more]

]]> 46440c84aa8bbd027103134e04a944f7 u36ma replied to the topic Advice on finding properties in the forum Hi Ryan, https://www.propertyinvesting.com/topic/4410658-advice-on-finding-properties/#post-4699148 Wed, 19 Feb 2014 03:28:25 +0000 Hi Ryan,

Definitely try and get CF+ if you can. I always aim for at least 1% higher than the mortgage rate you are likely to be paying to cover any costs such as rental management, insurance, rates etc. And for added security you may want to fix while rates are at their historic low (but that's your call).

The reason to try and avoid negative…[Read more]

]]> 347cc8f519ae0817aa16f1924dbe13a0 u36ma replied to the topic Advice on finding properties in the forum General Property https://www.propertyinvesting.com/topic/4410658-advice-on-finding-properties/#post-4699148 Wed, 19 Feb 2014 03:28:25 +0000 Hi Ryan,

Definitely try and get CF+ if you can. I always aim for at least 1% higher than the mortgage rate you are likely to be paying to cover any costs such as rental management, insurance, rates etc. And for added security you may want to fix while rates are at their historic low (but that's your call).

The reason to try and avoid negative…[Read more]

]]> 1f5ef672a04e5dc549417f3567680114 u36ma replied to the topic Need advice on 2 suburbs in Brisbane in the forum Help Needed! https://www.propertyinvesting.com/topic/4410603-need-advice-on-2-suburbs-in-brisbane/#post-4698812 Wed, 19 Feb 2014 03:19:47 +0000 Benny wrote:

Quote:
 

  For me, Woodridge, Kingston, Crestmead, Marsden, even Waterford West.   Woodridge really does have a lot going for it when you boil it all down, but there are still a heap of 30 – 40 year-old "cheap homes" (commission homes) way out-numbering any newer, better ones.   So, still cheapsville, but with great potential to…[Read more]

]]> baef889e692b90f5e77bd74ec6c3dbdc u36ma replied to the topic Mortgage Broker in UK? in the forum Hi there, https://www.propertyinvesting.com/topic/4409752-mortgage-broker-in-uk/#post-4693528 Wed, 24 Jul 2013 02:44:09 +0000 Hi there,

Two years ago I remortgaged a property I own in London on an expat's mortgage. I found Sherrie See from SeeMoney.co.uk  to be very helpful in this…and she even posts the interest rates on the website.
http://seemoney.co.uk/pages/offshore/expat_mortgage_rates.asp
As you can see the LVRs are pretty tough around 75%, so fortunately we…[Read more]

]]> 29e19177807fbe2cbaf74b4f95200206 u36ma replied to the topic Help for mould issues in the forum Thanks all - I took your https://www.propertyinvesting.com/topic/4409678-help-for-mould-issues/#post-4693108 Tue, 23 Jul 2013 01:15:27 +0000 Thanks all – I took your advice, and it seems the mold is coming up through the subfloor (had to get several inspectors as I am always paranoid that some recommendations are just people trying to sell me something!).
I ensured the roof drains the majority of rain water away from the house but some natural run off still makes it towards some brick…[Read more]

]]> b95acea8165613de56a5f32a10946f60 u36ma replied to the topic Air conditioning worth it? in the forum Value Adding https://www.propertyinvesting.com/topic/4395236-air-conditioning-worth-it/#post-4598350 Tue, 05 Mar 2013 22:39:57 +0000 I'm considering getting one for my IP – but think I can only get it in the livingroom since the bedroom faces the front of the unit block and I don't think the body corp would allow the extractor to sit on the front of the building. Would tenants still value one in the living only?

]]> 97c7b76352b6846180e258b5b0a6854e u36ma replied to the topic Bidwill, NSW in the forum General Property https://www.propertyinvesting.com/topic/4407481-bidwill-nsw/#post-4676502 Mon, 03 Sep 2012 06:11:06 +0000 Hi NHG,
I have a property in the neighboring suburb of Whalan… it's a 4 bed place I bought in March this year for $242000 and rents for $360. For a 4 bed the agent says it is conservative, and seems to be cheapest 4 bed rental in the area (apart from Tregear), so gets demand. I'm happy with the 7.7% yield and no work done.

My advice would be…[Read more]

]]> 5f881ead55e900912e2e2d7f9e7fb1bc u36ma replied to the topic Hybrid Discretionary Trusts in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404955-hybrid-discretionary-trusts-2/#post-4657301 Tue, 14 Feb 2012 21:34:22 +0000 What I've taken from all this and my own research is:- Appropriate landlord insurance will take care of your risk of being sued by the tenant.- The HDT doesn't offer any legal tax benefits over and above having the properties under your own name.- There is a high cost of setting up and maintaining trusts with little personal benefit.- There may be…[Read more]

]]> c83fc6bc412924f331c6881f084321e3 u36ma replied to the topic Building & Inspections on a strata auction property in the forum Help Needed! https://www.propertyinvesting.com/topic/4405192-building-inspections-on-a-strata-auction-property/#post-4658891 Wed, 16 Nov 2011 23:18:07 +0000 Thanks Catalyst! Have already ordered the strata report via the solictor route.Cheers.

]]> 5a957718bca49c7942c11205d7dc5c24 u36ma replied to the topic Building & Inspections on a strata auction property in the forum Thanks for the reply https://www.propertyinvesting.com/topic/4405192-building-inspections-on-a-strata-auction-property/#post-4658887 Wed, 16 Nov 2011 00:31:30 +0000 Thanks for the reply Derek…It's a pretty old building, only 2 storeys high with no underground parking.So I guess my solicitor should dig out the strata report and any minutes to look for any known serious problems that may indicate pending work on the building.I realise the decision is mine, but I really wanted to know what the general…[Read more]

]]> c9b5b44fa11d0a1cd6ac1d31885b13cd u36ma replied to the topic Stamp Duty when inheriting investment properties in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404954-stamp-duty-when-inheriting-investment-properties/#post-4657290 Thu, 13 Oct 2011 21:18:30 +0000 Thanks Terry – just what I was after! You seem to be answering all my questions today!Cheers!

]]> 167e32427d0eb642ce2777c1962d2dbd u36ma replied to the topic Hybrid Discretionary Trusts in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4404955-hybrid-discretionary-trusts-2/#post-4657293 Thu, 13 Oct 2011 21:17:50 +0000 I agree – definitely lots of good info from Terry. Thanks for the lengthy response, I really appreciate the time you've take to do so.I think I'll have to start doing some heavy reading of my own on this, following Warren Buffet's ideology of never investing in something that wasn't understood. To be fair, we (my accountant and I) covered a lot…[Read more]

]]> af4ee02d6d4e3686c75a5677edba49eb u36ma replied to the topic Do small property renos still add value post-GFC? in the forum Value Adding https://www.propertyinvesting.com/topic/4404535-do-small-property-renos-still-add-value-post-gfc/#post-4654504 Thu, 25 Aug 2011 03:53:31 +0000 Thanks both for your answers. It makes sense to focus on only the things that the valuer will tick off as an improvement rather than just purely cosmetic reasons. Would be good to have that list of checkboxes!

]]>