PropertyInvesting.com | wealthseeker | Activity https://www.propertyinvesting.com/members/wealthseeker/activity/ Activity feed for wealthseeker. Mon, 13 Apr 2026 10:44:43 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 c65d0170c060530464b1e4d6799261c4 wealthseeker replied to the topic best option in the forum Creative Investing https://www.propertyinvesting.com/topic/4397752-best-option/#post-4611260 Mon, 09 Nov 2009 23:54:43 +0000 he gets around $46000 i think, he has no debt or problem with serviceability

]]> 501b28b44c2248d98df9e3b61850d866 wealthseeker replied to the topic How to make P+ cashflow?? Help?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4382179-how-to-make-p-cashflow-help/#post-4529231 Thu, 22 Sep 2005 01:15:41 +0000 MORE HELP PLEASE!!

Ok.
The property has since dropped down to $110,000.
I am having a builder look at it for an estimate.

I’m not too worried about the actual termites but the damage. We estimated $10,000 repairs and now the price has dropped can afford to go above that but i don’t want to have to rebuild the whole house.

As for the agent well…[Read more]

]]> 450da6be390b20e2c99e7433dc8ad9e7 wealthseeker replied to the topic How to make P+ cashflow?? Help?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4382179-how-to-make-p-cashflow-help/#post-4529229 Mon, 19 Sep 2005 08:31:31 +0000 Well the agent advised me of the fact termits were evident yes after phoning to answer my offer of $125,000 (which i never received)

I know little of fixing termites permanently or the damage and as i already have to spend around $10,000 i was worried about the fact that could blow out.

Maybe i should look into it further.
Apparently the owner…[Read more]

]]> 14f4cbbad6af2a6a2798f099b2ecf55d wealthseeker replied to the topic How to make P+ cashflow?? Help?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4382179-how-to-make-p-cashflow-help/#post-4529226 Fri, 16 Sep 2005 06:42:29 +0000 An update!

On closer inspection and advise of agent the property had termite damage.

We are not going ahead.

]]> 80f14a3203d1e899e02188974e38fcff wealthseeker replied to the topic How to make P+ cashflow?? Help?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4382179-how-to-make-p-cashflow-help/#post-4529221 Tue, 13 Sep 2005 06:53:44 +0000 Sorry i should clarify figures a bit.

Purchase price $125,000 (hopefully) asking $130,000- 120 knocked back.

I want to borrow 100% if possible to include the deposit amount.

I’ll use the line of credit already in place for renovations as i don’t pay interest till drawn upon.

I can cover stamp duty and legals out of savings.

interest rate…[Read more]

]]> 645edf6f80c054bf88c544029556d194 wealthseeker replied to the topic How to make P+ cashflow?? Help?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4382179-how-to-make-p-cashflow-help/#post-4529220 Tue, 13 Sep 2005 06:48:37 +0000 Thanks to everyone for the replies.
Firstly i have the $10,000 as a line of credit already which i will pay $40 a week off.

Water rates the tenant pays where i live.
Buying for $125,000 now stamp duty $2,865
I can add a LOT of value to this place. Has a great yard, great street etc so i’m thinking if it didn’t stetch to be positive cashflow or i…[Read more]

]]> accf0fa4a199701b8aa7d18e329f2f42 wealthseeker replied to the topic Repossessed properties in the forum Help Needed! https://www.propertyinvesting.com/topic/4379345-repossessed-properties/#post-4510363 Tue, 29 Mar 2005 09:27:47 +0000 I thought there was a register kept with the local chamber magistrate or sheriffs office.
Sheriff would be private i imagine but i thought the chamber magistrate held a list which was public knowledge???
Not sure but that’s what i’d heard

]]> df963033eb593971c4d0e2c85b381bd6 wealthseeker replied to the topic Capacity to pay SUX!! in the forum Finance https://www.propertyinvesting.com/topic/4379116-capacity-to-pay-sux/#post-4508984 Thu, 17 Mar 2005 07:38:13 +0000 Hi again,
Sorry for getting everyone upset.
Basically lo doc sounds good to me purely as they may take other streams of income into account or at least a higher percentage.
I have income from a boarder which is regular and declared,disability payment i’m told is counted in part and very low living expenses. I own home outright have no loans etc…[Read more]

]]> 564e2f9bd15a14a91128df6739507828 wealthseeker replied to the topic Capacity to pay SUX!! in the forum Finance https://www.propertyinvesting.com/topic/4379116-capacity-to-pay-sux/#post-4508977 Mon, 14 Mar 2005 04:08:02 +0000 Hi Crusher,
Lot’s of confusion!!!
Thankyou for the advice i will contact her and get my head around it all yet.
Low doc sounds the way to go so far.
Thanx again

]]> 0e023d1631f10307f52b8c641e0f694e wealthseeker replied to the topic Capacity to pay SUX!! in the forum Finance https://www.propertyinvesting.com/topic/4379116-capacity-to-pay-sux/#post-4508975 Sun, 13 Mar 2005 07:45:55 +0000 Thanx everyone for the replies.
Crusher i would very much appreciate you sending me details of your broker!Living in a small town (Goulburn NSW) We have a limited range of brokers and most are not too helpful.
St George Bank are the one’s who tell me i can only borrow $95,000 of equity.

I am looking at the $200 – $230 price range as that will buy…[Read more]

]]> 1073eec785b107cc73f38a0b0794f719 wealthseeker replied to the topic Wrap info in the forum Creative Investing https://www.propertyinvesting.com/topic/4379117-wrap-info/#post-4508991 Sun, 13 Mar 2005 07:15:47 +0000 Hi,
Thanx for the links they have been very helpful especially http://www.businesslawyer.com.au/fr_property.html
website as it has a lot of other hard to find info to do with busineses.
Thankyou all so much.[biggrin]

]]> 7aa04a714162245626e8d40e26e9b762 wealthseeker replied to the topic Capacity to pay SUX!! in the forum Finance https://www.propertyinvesting.com/topic/4379116-capacity-to-pay-sux/#post-4508969 Sat, 12 Mar 2005 10:32:09 +0000 Hi,
Woodsman,
Low income in terms of what we can borrow.
joint income
Monthly income net $2200 from job
$180.00 monthly from disibility payment for dependant which i’m told is counted
1 dependant
Extra income $160.00 month from boarder
Total of $2540 month
No credit cards, car loan etc
$50.00 month payment on personal loan.
All this tells me we…[Read more]

]]> ac1caf21b8531c7ae427daf6836dae29 wealthseeker replied to the topic Wrap info in the forum Creative Investing https://www.propertyinvesting.com/topic/4379117-wrap-info/#post-4508988 Sat, 12 Mar 2005 10:05:21 +0000 Thanx Terry,
I have been reading up on wraps on this forum and will check out the website.

]]> 3cb5ee92009f8df8ca8a1807788b27d6 wealthseeker replied to the topic Credit Card Helping Home Loan Application? in the forum No Subject https://www.propertyinvesting.com/topic/4378992-credit-card-helping-home-loan-application/#post-4508217 Sat, 12 Mar 2005 05:06:56 +0000 How about store cards???
Same??

]]> 5bb39165e6078f87f6fcf288706999a1 wealthseeker replied to the topic Help with a non paying commercial tennant in the forum Help Needed! https://www.propertyinvesting.com/topic/4378820-help-with-a-non-paying-commercial-tennant/#post-4507115 Sat, 12 Mar 2005 04:46:30 +0000 Robpiller

Hi,
Having worked for a short time in Property Management i have come across similar situations although they were all under a lease at the time and were therefore taken to tribunal to settle. One case however was very similar in which a family friend had taken advantage of the property owner,ceased paying rent and was also still living…[Read more]

]]> 5a1947bf86a26c2d0fec69e4a7de2bfd wealthseeker replied to the topic Glbn Groups, Clubs, Mentors, Seminars in the forum No Subject https://www.propertyinvesting.com/topic/4379017-glbn-groups-clubs-mentors-seminars/#post-4508352 Sat, 12 Mar 2005 03:51:35 +0000 Hi Steve,
Just what i was looking for.
Thanx for the help.

cathnniv

]]> 80c7f202ffbf9a0e57288d73e0a19267 wealthseeker replied to the topic Partnership setup in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4379029-partnership-setup/#post-4508422 Thu, 10 Mar 2005 10:18:20 +0000 Terry,
Thankyou so much! I will check it out.
Cath

]]> cb88ba88c440f797987df02e87468cd7 wealthseeker replied to the topic Partnership setup in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4379029-partnership-setup/#post-4508420 Wed, 09 Mar 2005 07:12:15 +0000 Hi Terry
A seperate agreement sounds good.I will have to explore it more as for now that would be fine but i am unsure as to how to split profits down the track given that my side of the partnership would be time investment only.Also we wish to make it a going concern and want to do it right from the start.
Thanx again for your advice i will look into it.

]]> 0120e773a2b7758edfbf7529720d016e wealthseeker replied to the topic Glbn Groups, Clubs, Mentors, Seminars in the forum Heads Up! https://www.propertyinvesting.com/topic/4379017-glbn-groups-clubs-mentors-seminars/#post-4508349 Wed, 09 Mar 2005 07:05:01 +0000 Hi,
Seems we’re the only two!
My dad and i are just starting out and are a while off actually buying yet as we still don’t get all the in’s and out’s, well even most of them for that matter.
It would be great to have someone to talk to who actually know’s Goulburn.
You may contact me by email if you like and we can maybe arrange to meet up or…[Read more]

]]> 5fd0c88373371ca9995ffe6dd2ee498f wealthseeker replied to the topic Partnership setup in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4379029-partnership-setup/#post-4508418 Mon, 07 Mar 2005 12:27:01 +0000 Hi Terryw,
Thanx for the reply.
My problem with buying jointly is i have a low income and three dependants which i thought would work against us for finance, I’m unsure as to whether the same applies with a partnership I’m guessing now it would be as it’s similar to a sole trader in that your income/assets are the security.Sorry like i said i’m…[Read more]

]]> 00a957abd3b9a026be40e0bc2673a02a wealthseeker replied to the topic Buying First Positive Geared Property in the forum Help Needed! https://www.propertyinvesting.com/topic/4376156-buying-first-positive-geared-property/#post-4490732 Wed, 22 Sep 2004 07:03:15 +0000 Hi,
This is my first post so i hope i do it right.
I’m wondering how you can continue to buy more and more properties when the bank manager keeps telling me it’s about the ability to repay.
I have about $280,000 in equity (well my dad does as he’s my partner) and he only earns around $700 gross a week. He qualifies for a loan of $230,000.
We have…[Read more]

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