PropertyInvesting.com | yesfella28061 | Activity https://www.propertyinvesting.com/members/yesfella28061/activity/ Activity feed for yesfella28061. Mon, 13 Apr 2026 14:49:30 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 0829fe1b5503f016c55b6d3a6cd4102d yesfella28061 replied to the topic Accountants- I feel somewhat ripped off in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4386111-accountants-i-feel-somewhat-ripped-off/page/2/#post-4551433 Sat, 03 Mar 2007 23:34:54 +0000 In 2004 my accountants fees were $5,400. from a big city guy, so in 2005 I went to another in the suburbs who works from home and my fees were $1,400. for the same amount of work.
Like everything else, it pays to shop around.

]]> a2e0b5053075302d38bc78f5759c9ce3 yesfella28061 replied to the topic Making money from new homes in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4384557-making-money-from-new-homes/#post-4542793 Fri, 03 Mar 2006 01:19:14 +0000 Hi Lisa,
Do you mean a “line of credit”? over a property you own.

I am an early retiree, with no real income, so I am making it from my capital and renovations.
Must admit after about 15 renos in the last 2 years I am growing tired of the manual labour. Now I would like to move into new homes and have a builder build them for me.
I’m not…[Read more]

]]> 1b498b61ea94f2f58a25d76068a5935d yesfella28061 replied to the topic Stealth Investing in the forum Legal & Accounting https://www.propertyinvesting.com/topic/stealth-investing/page/2/#post-4536795 Mon, 02 Jan 2006 22:13:55 +0000 Find pensioners who you can have a written agreement with, who for a couple of thousand dollars a year, ( by paying their electricity, telephone, water bills and a cash bonus at Xmas time) will let you get a loan and put their names on the deeds to a property. They are rent payers and one property does not put their pension at risk.
You will find…[Read more]

]]> 8209dd463ba0c0653df5af700b825b7b yesfella28061 replied to the topic what return is a good return in the forum No Subject https://www.propertyinvesting.com/topic/4382486-what-return-is-a-good-return/#post-4531345 Mon, 31 Oct 2005 22:21:06 +0000 I consistently get returns of 8.5% by buying, renovating, holding, renting it out and refinancing in large provincial cities.
I borrow at about 7% on low doc loans, interest only, 20% ingoing and by refinancing after renovating I can get back out about half of what I put in. A year or two later I refinance again and so get all my invested dollars…[Read more]

]]> b635b8b02c85b3d0e1d5e128675716c4 yesfella28061 replied to the topic Rental Dilemma in the forum Help Needed! https://www.propertyinvesting.com/topic/4382573-rental-dilemma/#post-4531838 Sat, 08 Oct 2005 22:59:54 +0000 Either offer new tenants cheap rent, or approach the ruffie and ask if any of his friends want to rent. In both cases you are gonna get cheap rental returns.

]]> 3c423fdd5384aa14fe9e73e927c8442f yesfella28061 replied to the topic Where to find last purchase price in the forum Help Needed! https://www.propertyinvesting.com/topic/4382589-where-to-find-last-purchase-price/#post-4531902 Sat, 08 Oct 2005 22:56:31 +0000 Hi,
The local municipal council will sell you this info for about $25.

]]> 2ef4da993650fe2d19202de292e8ee6e yesfella28061 replied to the topic There's better investments now than property in the forum Opinionated! https://www.propertyinvesting.com/topic/4375201-theres-better-investments-now-than-property/page/3/#post-4484375 Sun, 01 Aug 2004 10:22:45 +0000 No shares for me.
Someone else controls my destiny.
Also, these big public companies…all the cars…all the lunches..all the first class business trips, all the overpaid executives.
My overheads are just ME.
You never get the real profit.
Yes, I have had shares, lost some money and made some money.
But, relate to this, I have 8 IP’s, never…[Read more]

]]> 62173cdcef606121e8772d84a151c82c yesfella28061 replied to the topic Do you use a trust ? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4375247-do-you-use-a-trust/#post-4484963 Sun, 01 Aug 2004 10:06:06 +0000 Too much trouble getting loans with a Trust.
I opted for my own name. Still OK tax wise.
After, I buy a property, my solicitor and accountant form an agreement with myself and my trust. Works great.
Suggest you pay for some good advice.

]]> 0ac452b6a23e3344710464268bfecede yesfella28061 replied to the topic Loan Type in the forum No Subject https://www.propertyinvesting.com/topic/4375104-loan-type/#post-4483680 Sun, 01 Aug 2004 09:54:49 +0000 I always use interest only, low doc loans, as a line of credit.
The interest is all tax deductable. However, if you use P&I, as your principle is paid back to the lender, your tax liability goes up.
I never want to own my properties, as I will loose my tax advantage. Eventually, my properties double in value, by experiance over the last 7 years,…[Read more]

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