https://www.propertyinvesting.com/members/wblack/activity/ Activity feed for wblack. Mon, 13 Apr 2026 02:43:10 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 6f295cb191919cb8314de52ce0071bf0 https://www.propertyinvesting.com/topic/4406479-bank-valuations-5/#post-4668842 Tue, 01 May 2012 22:56:45 +0000 Thanks Jamie. So in theory, if our contract states we are to borrow $600,000, and based on a bank valuation, the bank is only prepared to lend us $590,000, this would be an 'out', regardless of whether we can raise the additional $10,000 or not.

]]> 6f274d68fe8e8b314f43a11389bb9a81 https://www.propertyinvesting.com/topic/4406311-property-price-range/#post-4667491 Fri, 13 Apr 2012 22:36:40 +0000 Thanks Jamie, excellent advice.Cheers…

]]> ef667bf0a9f01e1575c7b123dab032c8 https://www.propertyinvesting.com/topic/4406311-property-price-range/#post-4667489 Fri, 13 Apr 2012 22:15:58 +0000 Thanks Jamie, does that mean the vendors are likely to sit on the offers and then take the best they have, other than make an 'on-the-fly' decision on the offers as they come in?Warren

]]> 2c4510fe5d0749d31ea8d90aecfd8b73 https://www.propertyinvesting.com/topic/4405704-lots-of-bright-ideas/#post-4662581 Thu, 26 Jan 2012 19:32:47 +0000 Thanks Michael and Richard for the feedback and advice. The end goal for us at this time is to put ourselves in a position where we are able to borrow to purchase a new home for ourselves to live in. We are thinking the purchase price would be capped at somewhere around 400k. We want to keep our two existing properties somewhere in our portfolio,…[Read more]

]]> d17741869d1811d60a1ce9fd7c5858a7 https://www.propertyinvesting.com/topic/4403586-self-managed-super-fund-and-investment-properties/#post-4647371 Mon, 09 May 2011 23:01:14 +0000 Thanks 'No Mates', we'll see what Mr. Swan has for us tonight

]]> b523a3357c5b4f6eb0c2f37aa1d6fdc9 https://www.propertyinvesting.com/topic/4403575-interest-in-advanceinterest-only/#post-4647346 Mon, 09 May 2011 22:24:02 +0000 Thanks for the reply Jamie. Our PPR loan is already 100% offset, so all good there. I'm no rocket scientist when it come to clever accounting and taxation, but I suspect our account is talking Interest Only as a means of gaining maximum tax advantages. I'm just trying to get a better understanding of how Interest Only works, and at what point is…[Read more]

]]> 1156249bdad002ac628ebc1833ae5135 https://www.propertyinvesting.com/topic/4402739-pre-settlement-home-insurance/#post-4641602 Thu, 10 Feb 2011 18:43:12 +0000 Just for the records, Allianz won't insure in the town we have purchased in. Had to shop around. No problems with GIO.

]]> 14c203635e2bbf9de7726f2d72609f35 https://www.propertyinvesting.com/topic/4402739-pre-settlement-home-insurance/#post-4641594 Thu, 10 Feb 2011 06:14:42 +0000 Yes, advice from our legal people was: Building insurance should be in place from when the matter is unconditionaland your finance has been approved to protect you as Purchaser.

]]> e4afd0ff262b2c34dae278486110f6b2 https://www.propertyinvesting.com/topic/4402739-pre-settlement-home-insurance/#post-4641592 Thu, 10 Feb 2011 05:42:59 +0000 Thank JacM, consider it done!!!

]]> d4c41f7ae250a233ede41d12495c4a6f https://www.propertyinvesting.com/topic/4402739-pre-settlement-home-insurance/#post-4641590 Thu, 10 Feb 2011 05:17:19 +0000 Hmmmm, so it can't hurt to have it. We're in Victoria and no-one seems to know for sure if we should or shouldn't. Maybe better to be safe than sorry.

]]> 1ef18a2a5eec6fc1ff37a19158da5122 https://www.propertyinvesting.com/topic/4402517-ok-here-we-go/#post-4640047 Thu, 03 Feb 2011 23:28:40 +0000 No.

]]> a0cfe90a21a89f8c9aa687de9085abe6 https://www.propertyinvesting.com/topic/4402517-ok-here-we-go/#post-4640045 Thu, 03 Feb 2011 22:04:30 +0000 Catalyst wrote:
OK do tell. How did you overcome your fears? Did you use a buyers agent? I'd love to hear your processes that helped you decide this was the one.Before you said you'd bought I was going to say look at the numbers. That's what counts with IP's. Friends say "I wouldn't buy anything I wouldn't live in myself" which is why they own…[Read more]

]]> cec3f369881b103729799e3568cf806b https://www.propertyinvesting.com/topic/4402517-ok-here-we-go/#post-4640041 Wed, 02 Feb 2011 02:11:54 +0000 Finally….today we took the plunge and signed up to our first investment property! Thanks to everyone for their feedback on this discussion and other discussions we've posted, and for the forum overall…..the advice has been invaluable just to get us this far…

]]> 53e2ed5caf0ff43c30c4ceca50d999ce https://www.propertyinvesting.com/topic/4402522-buying-unitstownhouses/#post-4640084 Mon, 24 Jan 2011 03:37:48 +0000 Thanks for all the feedback so far, it's much appreciated. The unit we have in mind is one of 10 that are for sale. No pools, balconies etc, just 10 2 bedroom unit on the one block. They are all owned by the same person and being sold off individually. They are one and half years old and all currently tenanted. Any alarm bells here for anyone? Warren

]]> f837710a464b1e793124000cf74cb678 https://www.propertyinvesting.com/topic/4402525-when-can-i-see-the-section-32-statement/#post-4640097 Sat, 22 Jan 2011 00:14:27 +0000 Thanks JacM……excellent advise that I'm sure will sit well with me for the years, and many investments, to come…. Cheers !

]]> feffd524949c54a08781a971878a575f https://www.propertyinvesting.com/topic/4402525-when-can-i-see-the-section-32-statement/#post-4640095 Fri, 21 Jan 2011 22:55:29 +0000 Thanks xdrew, understand that, but am I entitled to view the section 32 at any time,. providing one exists, or do I first need to enter into some type of agreement regarding my intention to purchase the property?

]]> a37edfb902a56754ee4e6d7538caa749 https://www.propertyinvesting.com/topic/4402517-ok-here-we-go/#post-4640036 Thu, 20 Jan 2011 22:25:35 +0000 Thanks Amanda, certainly appreciate the feedback. The dinner party scenario is no issue for us. Our only goal is to secure our future, but to not make too many "big" mistakes along the way, so just looking to hear experiences from other first time investors. All our research tells us to go exactly the same way you have, and that is the di…[Read more]

]]> d4052dd7ccf63523ff0be5a47f70b290 https://www.propertyinvesting.com/topic/4401747-is-our-equity-deposit-subject-to-interest/#post-4635398 Wed, 03 Nov 2010 22:47:21 +0000 Wow, I might be starting to actually follow this. So, based on all that, if we were to draw $50,000 as a deposit on an investment property from the equity we have in our PPOR, and if the interest paid on the 50k is tax deductable, we would be better to re-draw the 50k, and then dump the 50k cash we are sitting on, back into the PPOR loan, so our…[Read more]

]]> 6a20150f4f79440ac1719e3cbf427114 https://www.propertyinvesting.com/topic/4401747-is-our-equity-deposit-subject-to-interest/#post-4635395 Wed, 03 Nov 2010 19:30:13 +0000 Thank you v8ghia, so it fair to assume that it's better to use our cashas a deposit, rather than our equity?

]]> 7a26665cf08b6a0f8290496203f9556a https://www.propertyinvesting.com/topic/4401732-roi-formula-clarification/#post-4635314 Wed, 03 Nov 2010 06:43:36 +0000 Thanks Thommo, really do appreciate the reply, but I'm thinking maybe it does show that this might all be a bit over my head, as that only confuses me twice as much and I have no idea what all the figures actually mean, or what figures to put where. My question probably wasn't structured quite right in the first place either, but thanks anyway,…[Read more]

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