PropertyInvesting.com | usmic | Activity https://www.propertyinvesting.com/members/usmic/activity/ Activity feed for usmic. Fri, 17 Apr 2026 12:40:50 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 1976849bb13888e9a19eee036fac1678 usmic started the topic Buying next to a new development. in the forum Help Needed! https://www.propertyinvesting.com/topic/5012399-buying-next-to-a-new-development/ Wed, 26 Aug 2015 05:58:55 +0000 Hi, I am looking at buying a unit (in a block of units) because that is all I can currently afford (budget of $230K) in Melbourne. However, across the road there is a development site that is about to build luxury apartments. I have heard that you are not supposed to buy near new developments. What is the reason behind this?

]]> a96a5687e80b62c6a165a62fe9bc74cb usmic replied to the topic Off the plan but you get deposit back. in the forum Help Needed! https://www.propertyinvesting.com/topic/5003369-off-the-plan-but-you-get-deposit-back/#post-5003378 Tue, 10 Mar 2015 10:17:02 +0000 They say they are buying these developments in bulk. This is how they are negotiating the discount…

]]> f176ea1cc05d4ea6fa9c46bc7a82c730 usmic started the topic Off the plan but you get deposit back. in the forum Help Needed! https://www.propertyinvesting.com/topic/5003369-off-the-plan-but-you-get-deposit-back/ Tue, 10 Mar 2015 08:08:18 +0000 Hi guys,

I know, I know. Buying off the plan is never a good idea. However, there is a company calling themselves mentors that pitches:
– $379k townhouse for a 76K deposit in Officer
– you get refund of deposit after settlement
– initially negatively geared by about $2k per year and positively geared after 5-ish years

The median price for a 3…[Read more]

]]> 4f8b40a9cc9c2a1b2b626d54f6cc1332 usmic started the topic First investment strategy and 50% stamp duty discount. in the forum Help Needed! https://www.propertyinvesting.com/topic/4996643-first-investment-strategy-and-50-stamp-duty-discount/ Sun, 16 Nov 2014 11:20:51 +0000 Hi,
I’m a young professional that is looking to enter the industry and currently doing Steve’s course. This is the plan for my first property, would love to know what people think:
1. Purchase an established house that has potential for cosmetic renovations.
2. Get 50% off stamp duty by living in property for 1 year.
3. Do reno’s while I live…[Read more]

]]> f452a5c343fcf865fd0253928d73a1b2 usmic replied to the topic Think i've found a cash-flow neutral property in Bendigo :) in the forum General Property https://www.propertyinvesting.com/topic/4407108-think-ive-found-a-cash-flow-neutral-property-in-bendigo/#post-4673650 Sat, 14 Jul 2012 02:41:25 +0000 Valid points, v8ghia. I was hoping that the $1800 remaining after repayments would cover most of the costs of the property (council and water rates). I don’t plan on getting a property manager while I only have one property so that can be a saving. I will probably end up using a few hundred $ from my own pocket for repairs or any unseen costs but…[Read more]

]]> c0a56e01ccd6bcd9c6454808d3a29a96 usmic replied to the topic The one percent rule in the forum General Property https://www.propertyinvesting.com/topic/4406881-the-one-percent-rule/#post-4672030 Sun, 24 Jun 2012 07:42:24 +0000 Hi Michelle,
I’ve tried using the 1 percent rule on properties listed on real-estate.com. The properties listed for sale never actually display the rent that they could go for, in which case I look for similar properties in the area and try to estimate the amount that I could rent it out for. Is this how you are using the rule too? I can’t seem to…[Read more]

]]> d33eedabb82c0325e720a5bee2ba17f5 usmic replied to the topic Young Investor looking for a mentor in Melbourne. in the forum Help Needed! https://www.propertyinvesting.com/topic/4406905-young-investor-looking-for-a-mentor-in-melbourne/#post-4672191 Fri, 22 Jun 2012 08:52:47 +0000 Hey, I’m in Werribee (in Melbourne’s west). Look forward to hearing from you.

]]> 10c10d6caa5bed5878578ed13b1ec223 usmic replied to the topic Young Investor looking for a mentor in Melbourne. in the forum Help Needed! https://www.propertyinvesting.com/topic/4406905-young-investor-looking-for-a-mentor-in-melbourne/#post-4672189 Fri, 22 Jun 2012 07:19:13 +0000 Hi Nikolai, I’m also in the same boat as you! Young and ready to learn everything about property investing. PM if you are interested in a chat.

]]> 4392dd5e6ec2d621a599a56ea4c1b385 usmic replied to the topic How much profit should I be expecting from cash flow positive properties? in the forum General Property https://www.propertyinvesting.com/topic/4406876-how-much-profit-should-i-be-expecting-from-cash-flow-positive-properties/#post-4672000 Sat, 16 Jun 2012 12:23:42 +0000 Thanks Xdrew! Just realised how much research is ahead of me. I’ve only just started working so I do have quiet a bit of time before I have enough money saved for a deposit. Hopefully my first IP will be purchased end of next year (if the market is right). Thanks again!

]]>