PropertyInvesting.com | westnblue | Activity https://www.propertyinvesting.com/members/westnblue/activity/ Activity feed for westnblue. Sun, 12 Apr 2026 13:54:40 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 dc6e02789b3c90b1880a3b313f683890 westnblue replied to the topic Thankyou Steve Mcknight ! in the forum General Property https://www.propertyinvesting.com/topic/4410441-thankyou-steve-mcknight/#post-5037148 Sat, 27 May 2017 10:37:38 +0000 Thanks :)

Always like what donald trump did when he was younger – Buy an old hotel and renovate, but lease to permanent tennants. Bottom floor offices and top residence.

]]> 443006f0ba021b87190f7bc4ac1276e2 westnblue replied to the topic Thankyou Steve Mcknight ! in the forum General Property https://www.propertyinvesting.com/topic/4410441-thankyou-steve-mcknight/#post-5037148 Sat, 27 May 2017 10:37:38 +0000 Thanks :)

Always like what donald trump did when he was younger – Buy an old hotel and renovate, but lease to permanent tennants. Bottom floor offices and top residence.

]]> 6bfa2af1db4b02baf565aba63f2d14d1 westnblue replied to the topic Thankyou Steve Mcknight ! in the forum General Property https://www.propertyinvesting.com/topic/4410441-thankyou-steve-mcknight/#post-5037104 Thu, 25 May 2017 09:59:39 +0000 Was back here to get my profile pic and saw my old post.

I still remember how excited & proud my mum was to see her son in a magazine – of course she showed everyone.

Ive hit 50+ properties this year but more in brisbane & sydney suburbian areas – its very unlikley will buy any more in regional towns only beacause i dont need to anymore.

In…[Read more]

]]> 1b2067bc656cac98221c3b7ce3106d48 westnblue replied to the topic 180k - Buy what and when? in the forum Help Needed! https://www.propertyinvesting.com/topic/5014643-180k-buy-what-and-when/#post-5014649 Thu, 15 Oct 2015 09:27:52 +0000 Personally I would pay 20% deposit on all properties either in equity or cash.

When you have 2 or 3 properties it is ok to cross them, just make sure the loan has a switching facility so when your loan security goes up in value you can do a partial discharge and release the second security.

Look for properties that you can immediately add value…[Read more]

]]> 57f0e08af957c5c5dc14134822750931 westnblue replied to the topic Banks new servicing from July 2015 in the forum Help Needed! https://www.propertyinvesting.com/topic/5013856-banks-new-servicing-from-july-2015/#post-5014612 Wed, 14 Oct 2015 05:42:07 +0000 UPDATE: Rams has taken 80% rental income.

]]> 35b8aefdde4e1b1a4f951678e20be944 westnblue replied to the topic Banks new servicing from July 2015 in the forum Help Needed! https://www.propertyinvesting.com/topic/5013856-banks-new-servicing-from-july-2015/#post-5013929 Mon, 28 Sep 2015 07:42:46 +0000 Thanks. Ive tried to avoid smaller lenders but it looks like the best option short term until the big 4 change their policies again.

]]> 7fbfd9c166a5953c1c79670cf6e466b3 westnblue started the topic Banks new servicing from July 2015 in the forum Help Needed! https://www.propertyinvesting.com/topic/5013856-banks-new-servicing-from-july-2015/ Sat, 26 Sep 2015 08:54:46 +0000 Since July 2015 banks have been changing their policies for investment loans.

For example CBA now has 6% servicing on value of property and 20% loading on all existing loans. So if a property is worth $200,000 The bank will only use $12,000 p/a for servicing even though the property may get $18,000 p/a effectively wiping $6,000 p/a of income per…[Read more]

]]> 3db2ec8159c25f53d7a0720452a425d2 westnblue replied to the topic Park Ridge QLD, 4125 in the forum Help Needed! https://www.propertyinvesting.com/topic/5013640-park-ridge-qld-4125/#post-5013853 Sat, 26 Sep 2015 08:38:31 +0000 I bought 4 units there end of 2013. Even though the values have only increased by ~$30,000 each, the rents on each have increased by $55 p/w each.

Regarding growth corridor. It is a smaller one than Gold coast to Brisbane corridor but still has a ton of future potential.

]]> f071eb36349bf40e678585e0bbf2f266 westnblue replied to the topic Invest in Brisbane properties ...need help with local QLDerrrrr in the forum Help Needed! https://www.propertyinvesting.com/topic/5005653-invest-in-brisbane-properties-need-help-with-local-qlderrrrr/#post-5006520 Thu, 23 Apr 2015 11:56:25 +0000 Pretty much any houses around low $200k will do well in next 18months.

Im buying anything in that price range without too much consideration for equity growth as it will be automatic for the short term.

South : Limit beenliegh
North: Limit Caboolture
East: anywhere (except eastern islands)
West: Limit Carol park

]]> 7079255b1078df3673177449edbba6ca westnblue started the topic Cost to Duplex in the forum Help Needed! https://www.propertyinvesting.com/topic/5006519-cost-to-duplex/ Thu, 23 Apr 2015 11:47:59 +0000 I have a 4 bed house in Brisbane south side and want to duplex it.

Just wondering if anyone has converted a house to a duplex and how much it cost?

]]> b94525cbfbdfb9e5c4b0fcb0d7c3d23e westnblue replied to the topic Loan on 23 metres squared? in the forum If you have 20% deposit and https://www.propertyinvesting.com/topic/4410806-loan-on-23-metres-squared/#post-4699893 Tue, 11 Mar 2014 00:21:01 +0000 If you have 20% deposit and stay away from Mortgage insurance you can. But considering its student accommodation you may need 30% deposit.Also would be a big help if its for both students and residents like Shafston mansions in Brisbane

I use Commonwealth bank to finance these in the beginning.

Studios can never compete with a 2 bed unit in…[Read more]

]]> f971e47898beaab67d5a287d79145726 westnblue replied to the topic Thankyou Steve Mcknight ! in the forum General Property https://www.propertyinvesting.com/topic/4410441-thankyou-steve-mcknight/#post-4697525 Fri, 20 Dec 2013 21:18:25 +0000

Freckle wrote:
He's leveraged to the gills with circumspect valuations. Darryls in that very dangerous phase where he's waiting for equity growth to reduce leverage to a point that is sustainable long term. His $200k earner is gross TO and will in the main be consumed by servicing.

It's the most adverse risk profile you can have as a PI. The…

[Read more]

]]> 240abb64fea20e55fa45e451eded953f westnblue replied to the topic Thankyou Steve Mcknight ! in the forum Freckle wrote:He's leveraged https://www.propertyinvesting.com/topic/4410441-thankyou-steve-mcknight/#post-4697525 Fri, 20 Dec 2013 21:18:25 +0000 Freckle wrote:
He's leveraged to the gills with circumspect valuations. Darryls in that very dangerous phase where he's waiting for equity growth to reduce leverage to a point that is sustainable long term. His $200k earner is gross TO and will in the main be consumed by servicing.

It's the most adverse risk profile you can have as a PI. The…[Read more]

]]> 03c702869ba5be78f91c7397db2880f8 westnblue replied to the topic Thankyou Steve Mcknight ! in the forum General Property https://www.propertyinvesting.com/topic/4410441-thankyou-steve-mcknight/#post-4697525 Fri, 20 Dec 2013 21:18:25 +0000 Freckle wrote:
He's leveraged to the gills with circumspect valuations. Darryls in that very dangerous phase where he's waiting for equity growth to reduce leverage to a point that is sustainable long term. His $200k earner is gross TO and will in the main be consumed by servicing.

It's the most adverse risk profile you can have as a PI. The…[Read more]

]]> 4a220a86ebe760b23945184fdfb49de3 westnblue started the topic Thankyou Steve Mcknight ! in the forum General Property https://www.propertyinvesting.com/topic/4410441-thankyou-steve-mcknight/ Fri, 20 Dec 2013 10:27:10 +0000 The person who inspired me to get started in investing. Inspiration was all i needed to get going – someone to show me the path.

I meet you at the Brisbane update and you signed my tatty copy of your first book – my investing bible for many years.

You’ve not only helped me create financial independence – in return I have been able to help my…[Read more]

]]> d901515ddd1b1654a20be6dba8cb1a0e westnblue started the topic Thankyou Steve Mcknight ! in the forum General Property https://www.propertyinvesting.com/topic/4410441-thankyou-steve-mcknight/ Fri, 20 Dec 2013 10:27:10 +0000 The person who inspired me to get started in investing. Inspiration was all i needed to get going – someone to show me the path.

I meet you at the Brisbane update and you signed my tatty copy of your first book – my investing bible for many years.

You’ve not only helped me create financial independence – in return I have been able to help my…[Read more]

]]> cc75906a5256cabc41aa4b3e6dc783e5 westnblue started the topic Thankyou Steve Mcknight ! in the forum General Property https://www.propertyinvesting.com/topic/4410441-thankyou-steve-mcknight/ Fri, 20 Dec 2013 10:27:10 +0000 The person who inspired me to get started in investing. Inspiration was all i needed to get going – someone to show me the path.

I meet you at the Brisbane update and you signed my tatty copy of your first book – my investing bible for many years.

You've not only helped me create financial independence – in return I have been able to help my mum…[Read more]

]]> cc8f72d88557012574241ee83370fe63 westnblue started the topic Thankyou Steve Mcknight ! in the forum General Property https://www.propertyinvesting.com/topic/4410441-thankyou-steve-mcknight/ Fri, 20 Dec 2013 10:27:10 +0000 The person who inspired me to get started in investing. Inspiration was all i needed to get going – someone to show me the path.

I meet you at the Brisbane update and you signed my tatty copy of your first book – my investing bible for many years.

You've not only helped me create financial independence – in return I have been able to help my mum…[Read more]

]]> fe56d88bc2b092649f3c4bccf1ca3b89 westnblue started the topic Thankyou Steve Mcknight ! in the forum General Property https://www.propertyinvesting.com/topic/4410441-thankyou-steve-mcknight/ Fri, 20 Dec 2013 10:27:10 +0000 The person who inspired me to get started in investing. Inspiration was all i needed to get going – someone to show me the path.

I meet you at the Brisbane update and you signed my tatty copy of your first book – my investing bible for many years.

You've not only helped me create financial independence – in return I have been able to help my mum…[Read more]

]]> ecf3e35a049316e9444be3432508d152 westnblue started the topic Thankyou Steve Mcknight ! in the forum General Property https://www.propertyinvesting.com/topic/4410441-thankyou-steve-mcknight/ Fri, 20 Dec 2013 10:27:10 +0000 The person who inspired me to get started in investing. Inspiration was all i needed to get going – someone to show me the path.

I meet you at the Brisbane update and you signed my tatty copy of your first book – my investing bible for many years.

You've not only helped me create financial independence – in return I have been able to help my mum…[Read more]

]]> 7d8d5ffb74c1e26b243a9bd0e04cb027 westnblue replied to the topic Valuations in the forum Help Needed! https://www.propertyinvesting.com/topic/4410429-valuations-7/#post-4697423 Thu, 19 Dec 2013 06:39:17 +0000 ryan mclean wrote:
May I just ask…what difference does it make?

I thought you do't get control over who the valuer is anyway? It is up to the bank to choose their own valuer

Well commonwealth bank allow customers to do their own vals, i had a property valued in September in Milton QLD for $140k via commonwealth bank valuation…[Read more]

]]> 925192815e9f46337c44459091ba2708 westnblue replied to the topic Valuations in the forum Help Needed! https://www.propertyinvesting.com/topic/4410429-valuations-7/#post-4697418 Thu, 19 Dec 2013 04:23:48 +0000 yellina wrote:
Dear WestnBlue, 

I am Hari Yellina Property Investor. 

I had privilege to get ANZ Valuation reports, which are done in house. They use APM Home price guide. I am not sure about commbank. 

Thank you
Hari Yellina 
Property Investor. 

Cool. Just want to suss them out.

Do they allow customers to do thier own valuations through…

]]> 2d16f94384dc887838670ff24e745ff6 westnblue replied to the topic Brisbane Housing Market in the forum Help Needed! https://www.propertyinvesting.com/topic/4410396-brisbane-housing-market/#post-4697199 Tue, 17 Dec 2013 11:37:37 +0000 RamkiSydney wrote:
Hi Guys,
I am new to Brisbane property market and visiting the city this weekend to visit some properties in Alderley, Coopers Plains & Chermside. It would be great if you guys can give some information about these suburbs.

Alderley is considered a good suburb however the local shops there are disintegrating, slowly store…[Read more]

]]> 05a8a221d201d8b5e9eede4e013d67ed westnblue replied to the topic Gotta love banks ! in the forum Help Needed! https://www.propertyinvesting.com/topic/4410418-gotta-love-banks/#post-4697365 Tue, 17 Dec 2013 11:06:23 +0000 Jamie M wrote:
Which lender was this?

Cheers

Jamie

Commonwealth bank. Its really a lottery who you get in credit in Sydney. Problems only happened when properties where crossed.

I do have a plan in place to resolve all this. Just want this one to settle first.

]]> d933ef32512a91c8975ab0b026b6032e westnblue replied to the topic Gotta love banks ! in the forum Help Needed! https://www.propertyinvesting.com/topic/4410418-gotta-love-banks/#post-4697362 Tue, 17 Dec 2013 10:10:53 +0000 @Terry

This was the reason to do cash out instead of cross collateralizing, both seem to have pitfalls. Although crossing properties is the worst option.

]]> 424a761121e9b45d4724969a7142f0b7 westnblue replied to the topic Gotta love banks ! in the forum Help Needed! https://www.propertyinvesting.com/topic/4410418-gotta-love-banks/#post-4697360 Tue, 17 Dec 2013 07:32:51 +0000 its true, this is the last time im crossing any property – its been a nightmare for me and the bank manager.

]]> d0f23d32dcc7ae253665b5eb667a28f4 westnblue replied to the topic Some secrets ... in the forum General Property https://www.propertyinvesting.com/topic/4410414-some-secrets/#post-4697337 Tue, 17 Dec 2013 00:56:51 +0000 OK i understand now.

What if i had an unencumbered property and the value was 100k and drew out 80k against it. Would it still be in the same position – aka the entire loan interest not being tax deductible?

]]> 65d0e008c47798aa00cca78fb215ede4 westnblue replied to the topic Brisbane Housing Market in the forum Help Needed! https://www.propertyinvesting.com/topic/4410396-brisbane-housing-market/#post-4697196 Tue, 17 Dec 2013 00:41:55 +0000 Yes just picked a 2bed unit up in Southport for $160k rent at $250 p/w tenants been there for 7 years. Close to beach.

Im pretty much buying anything with 2bed Under $180k. Im hoping to get 3 more by may next year. Gold coast is in a very good position for capital growth in the next 24 months – and thats automatic equity.

]]> d12e695d2a24b680a5eae372f177dd4e westnblue replied to the topic Some secrets ... in the forum General Property https://www.propertyinvesting.com/topic/4410414-some-secrets/#post-4697333 Tue, 17 Dec 2013 00:25:10 +0000 I cant see your angle….  Im drawing equity to pay for more property for the SAME company.

And if you say thats wrong, well cross collateralizing is the same thing just more risky. How many people have drawn equity to go and buy more property – Nearly everyone I know.

]]> 3ecaa550489dacc81078451a5e6456e5 westnblue replied to the topic Some secrets ... in the forum General Property https://www.propertyinvesting.com/topic/4410414-some-secrets/#post-4697331 Mon, 16 Dec 2013 23:26:57 +0000 Already have, accountant said theres no problem, just a but more work for him. The properties are in a company/trust and as long as the cashout is used for other company properties theres no harm.

]]> b803b31aafc765aa3d13fe5869fcfe9c westnblue replied to the topic Brisbane Housing Market in the forum Help Needed! https://www.propertyinvesting.com/topic/4410396-brisbane-housing-market/#post-4697194 Mon, 16 Dec 2013 23:24:04 +0000 If your not from brisbane, south side has the entry level properties, I recently bought 4 x 1 bedunits with 48m2 floor area for $110k each in Park ridge which is near greenbank and only 4km from sunnybank which are both expensive areas. During the next upturn these units will be worth around $200k each

Stay away from logan unless you find a good…[Read more]

]]> 9401b8914a7ac4f466c14e33bb594b79 westnblue replied to the topic Some secrets ... in the forum General Property https://www.propertyinvesting.com/topic/4410414-some-secrets/#post-4697329 Mon, 16 Dec 2013 22:58:31 +0000 Im only parking it until i find a new property usually under 4 weeks, for every 100k im only paying $420 for a months interest (even less with offset).

With 100k cash i can pay deposits on 5 regional properties, which in turn will make more equity if bought right

]]> 5aa57153c97206418adfa187901710b5 westnblue replied to the topic Commonwealth bank reduces servicing to 8%! in the forum Help Needed! https://www.propertyinvesting.com/topic/4410337-commonwealth-bank-reduces-servicing-to-8/#post-4696767 Fri, 29 Nov 2013 22:58:43 +0000 ok understand now if you pay $100,000 for the property and the rent is $8,000 p/a your yield is 8%.
 

]]> 486d8df900c729aeaf0dad86e1385793 westnblue replied to the topic Commonwealth bank reduces servicing to 8%! in the forum Help Needed! https://www.propertyinvesting.com/topic/4410337-commonwealth-bank-reduces-servicing-to-8/#post-4696766 Fri, 29 Nov 2013 22:54:43 +0000 you mean profit after expenses?

]]>