PropertyInvesting.com | v8ghia | Activity https://www.propertyinvesting.com/members/v8ghia/activity/ Activity feed for v8ghia. Thu, 06 Nov 2025 11:33:34 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 a69567418656b45bd47d7f30368f2abd v8ghia replied to the topic First Investment with 300-350k Budget. in the forum Help Needed! https://www.propertyinvesting.com/topic/4407280-first-investment-with-300-350k-budget/#post-4674868 Mon, 06 Aug 2012 11:20:15 +0000 Hi Smartcube. A daunting time number 1 is, but great to see you making a move. Perhaps thinking about some more specifics, including what you want to achieve med to long term, how many properties you would like to have (and why) and you are correct in saying in this climate especially that you want something easy to tennant. I would want a better…[Read more]

]]> 2c60d203200bbb387ae5dd8be0cf6461 v8ghia replied to the topic Think i've found a cash-flow neutral property in Bendigo :) in the forum Toss in the following and https://www.propertyinvesting.com/topic/4407108-think-ive-found-a-cash-flow-neutral-property-in-bendigo/#post-4673649 Fri, 13 Jul 2012 13:35:26 +0000 Toss in the following and see what you think…….although everyone differs on their interpretation of positive, neutral and negative.* Property Management at say 7 – 9 %*Council Rates $1200 and Water rates $750* Also interest on the deposit and closing costs if you have had to borrow them as well via redraw, a line of credit, or a separate loan Cheers

]]> 3917b91d790f003b5f40b256212ec1f0 v8ghia replied to the topic Tax query - bank fees in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4407081-tax-query-bank-fees/#post-4673444 Fri, 13 Jul 2012 13:29:21 +0000 Terryw wrote:
I don't know if that is correct v8. Bank fees – I assume monthly or yearly fees – these wouldn't be a borrowing expense but a general running expense such as rates, insurance etc. I am not sure where on the form you claim them, but it would be the same as rates.

THanks Terry – I have just gone through the 2012 ATO guidelines for…[Read more]

]]> e498dea2622853aae82b216564d59bd8 v8ghia replied to the topic Thoughts on which way is the best to go to get a loan in the forum Finance https://www.propertyinvesting.com/topic/4407069-thoughts-on-which-way-is-the-best-to-go-to-get-a-loan/#post-4673340 Wed, 11 Jul 2012 13:03:54 +0000 Yep…I'm thinking the same! Brings a whole new meaning tho the words creativity & gearing!

]]> 9c7d9ac3878ec8e5b669662a93452c94 v8ghia replied to the topic Tax query - bank fees in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4407081-tax-query-bank-fees/#post-4673441 Wed, 11 Jul 2012 12:41:51 +0000 Hi Emma,You are correct – it does go under F – Borrowing Expenses. (Bank fees, as well as LMI if you were claiming over five years)Cheers

]]> 2b201f3d32887b62810e4e45e1d114a2 v8ghia replied to the topic Best Loan in the forum Finance https://www.propertyinvesting.com/topic/4407013-best-loan-2/#post-4672866 Wed, 11 Jul 2012 12:38:53 +0000 Qlds007 wrote:
I am doing a number of investor nights in both Sydney, Melbourne and a few regional areas where i will run thru how i built up my portfolio and then looking at how i can help individual investor structure their portfolios to meet their own investment objectives. Let me know if you like me to add you to email list for an invite to…[Read more]

]]> 209f0a0b48f69243b463b190798fc354 v8ghia replied to the topic our experience with Homeloans in the forum Finance https://www.propertyinvesting.com/topic/4407030-our-experience-with-homeloans/#post-4673045 Wed, 11 Jul 2012 12:32:49 +0000 Just had to read your post couple of times to get the full gist of it………and with the double employment changes, going to contracting/self employed, and on probation all while buying property I'm actually thinking your broker (and the lender) deserve some sort of award! Glad it all worked out.Cheers, and enjoy!

]]> 405d59bfb2efe6eb3f3aad8b58cd0bb8 v8ghia replied to the topic Variable or Fixed in the forum Finance https://www.propertyinvesting.com/topic/4407014-variable-or-fixed/#post-4672874 Wed, 11 Jul 2012 12:26:25 +0000 Great points/discussion. We are in unchartered territory again – not since after the GFC have I seen fixed rates start with a 5.I think IF you have no plans to sell your property, and are looking long term if you can get a 3 year rate that is in the 5's and you want some certainty there is nothing wrong with that. The lowest they have ever been…[Read more]

]]> 0fa5e0bd3a8668383a5f942aa4341a8f v8ghia replied to the topic Bank is playing silly buggers with guarantees; Can You Help Please? in the forum Finance https://www.propertyinvesting.com/topic/4407043-bank-is-playing-silly-buggers-with-guarantees-can-you-help-please/#post-4673137 Wed, 11 Jul 2012 12:19:29 +0000 Back in 2002 you would have had to either change the loan ownership name/entity, or have singe a guarantee and indemnity. So if you did neither, (or worse failed to notify then bank!!!) then they are well within their rights so it is no use being obstinate about it. THat said, normally, a lot of this stuff only gets pick up if you are trying to…[Read more]

]]> 41ae320d0724104c4b09fcf27ff2b7be v8ghia replied to the topic Transfer of title on house. in the forum Hi , sorry about your https://www.propertyinvesting.com/topic/4407085-transfer-of-title-on-house/#post-4673471 Wed, 11 Jul 2012 11:48:58 +0000 Hi , sorry about your situation. Make sure you get a solicitor involved. They will assist with preparing a transfer that will need to be signed by your ex to put i into your name only, and in conjunction with this you will need to apply with the bank for a new loan just in your name to pay out the joint one you had together. The bank will then pay…[Read more]

]]> 1621de606d027355c84109a99b699be0 v8ghia replied to the topic Valuers in the forum Help Needed! https://www.propertyinvesting.com/topic/4407070-valuers-2/#post-4673356 Wed, 11 Jul 2012 11:42:08 +0000 Couple of things need clarifying here I am afraid………so I will just pop a couple of F a c t s below that may clear up some of the confusion.1) If the bank orders and pays for the valuation……um…..Yes – the valuer IS working for the bank.2) Valuations are based on COMPARABLE sales only, and they have to 'get it right' or get into trouble.…[Read more]

]]> bfae7c5b646708706114a7a21dbcd1f5 v8ghia replied to the topic How to break a fixed rate exit fees in the forum Finance https://www.propertyinvesting.com/topic/4406707-how-to-break-a-fixed-rate-exit-fees/page/3/#post-4670845 Fri, 15 Jun 2012 10:52:55 +0000 I'll come to the rescue………IF you choose to break your agreed contract and 'exit' from a fixed rate term homeloan, you are liable to pay a 'break cost'. You get this whether your lender has no 'exit fee charges' or not, and you don't get break costs on a variable rate loan. This is specified seperately in the loan contracts, and there is…[Read more]

]]> 54548f7866609cece380fc6ec82b0115 v8ghia replied to the topic Loan Types in the forum General Property https://www.propertyinvesting.com/topic/4406862-loan-types-2/#post-4671865 Fri, 15 Jun 2012 10:35:31 +0000 My thoughts are that IF you own you own home outright and have no other non tax deductable debt then by all means go for a P&I loan as the idea to building wealth is made up of three key items; reducing debt, increasing income, and selling/locking in a capital gain or profit which in this case you can do the first two – any other situation I/0…[Read more]

]]> e7053d34a1bc7aef19d1db4c2e5e3290 v8ghia replied to the topic Buying IP's via SMSF in the forum General Property https://www.propertyinvesting.com/topic/4406852-buying-ips-via-smsf/#post-4671790 Fri, 15 Jun 2012 10:30:38 +0000 There is plenty of info available now – the main thing is working out what you are actually trying to achieve and want to achieve.Are you doing it becuase you have heard someone say it is a good idea, are you cashed up with super, and do you have other investment properties?????If you have cash in the SMSF to buy the property outright as opposed…[Read more]

]]> 61943827e6548e52aad178e2153406bb v8ghia replied to the topic Landlord and building insurance in the forum Help Needed! https://www.propertyinvesting.com/topic/4406856-landlord-and-building-insurance/#post-4671808 Fri, 15 Jun 2012 10:12:35 +0000 Hi Lila,AAMI, NRMA (RACV) and Allianz are all ok for basic Land lord policies. I use AAMI mostly, but if y ou want all the bells and whistles Terri Scheer seem to be the pick if premiums are no option and you want better cover. It's all relative.Just make sure you have (some charge extra) rental income/default protection and check the major…[Read more]

]]> b22a4cec172b5e6feeb7551e6e46a7cf v8ghia replied to the topic Naracoorte S.A. in the forum General Property https://www.propertyinvesting.com/topic/4406705-naracoorte-s-a/#post-4670786 Tue, 29 May 2012 13:21:21 +0000 Hey Jim,BIG congratulations if you have had success with a 1st National branded agency!Back on track though, how long have you had the property in Naracoorte?Cheers

]]> ecc2c610550547982cb36ab5a0270c55 v8ghia replied to the topic How to break a fixed rate exit fees in the forum Finance https://www.propertyinvesting.com/topic/4406707-how-to-break-a-fixed-rate-exit-fees/#post-4670811 Tue, 29 May 2012 13:17:08 +0000 Hi dbomber,Just to clarify, and at a bit of balance to a couple of the comments……A fixed rate loan is different to a variable in that is it a fixed contract between you and the lender at an AGREED amount – that you entered into by choice.  A variable rat loan, is a 'floating' rate. When you get a fixed rate loan, essentially by way of…[Read more]

]]> 550e0893274261a821167800140b8bda v8ghia replied to the topic low cost online SMSF - can u recommend? in the forum Finance https://www.propertyinvesting.com/topic/4406632-low-cost-online-smsf-can-u-recommend/#post-4670130 Sat, 26 May 2012 13:16:39 +0000 I too would highly recommend esuperfund. As long as you are reasonably savvy and no how to use the internet, do internet banking, buy shares on line etc you will be laughing. When you look at the thousands you would spend between planners, accountants , bankers, bankers planners, etc etc to set up a SMSf the 'traditional way' it makes great…[Read more]

]]> 0a043072850796f915a926d5f3b6a1e3 v8ghia replied to the topic Will adding landscape to property make it worth more in the long run? in the forum Creative Investing https://www.propertyinvesting.com/topic/4406495-will-adding-landscape-to-property-make-it-worth-more-in-the-long-run/#post-4669034 Wed, 09 May 2012 13:17:07 +0000 As long as you don't overcapitalize. Spending 10k on fancy stuff, overpriced plants, pergolas etc is unlikely.But………….$800 for levelling and dirt removal if required, $500 for nice topsoil, $900 for premium Sir Walter Lawn for say 70m sq, $300 to road base the drive and part of the bakc yard, and a few old bricks/pavers to make a path or…[Read more]

]]> d8ebebed07cbd5b8944e7b5f50dda356 v8ghia replied to the topic URGENT!! Council threatening to pull my dads buildings down. NSW in the forum Help Needed! https://www.propertyinvesting.com/topic/4406493-urgent-council-threatening-to-pull-my-dads-buildings-down-nsw/#post-4669009 Wed, 09 May 2012 12:51:02 +0000 thecrest wrote:
It's amazing what the Council can do if they want to. ……………. I said I'd shoot the first council demolition man to set foot in my home, so they offered me a compromise……….. Cheers thecrest

Ah Crest…absolutely brilliant! Love your style – made me laugh out loud – ridiculous 'change of heart (?) by the council…[Read more]

]]> ae49867b1e3087b6f7ab64f695041ce3 v8ghia replied to the topic Negotiating terms with real estate agents in the forum Help Needed! https://www.propertyinvesting.com/topic/4406512-negotiating-terms-with-real-estate-agents/#post-4669207 Wed, 09 May 2012 12:45:52 +0000 HI all,Just a couple of points re Jac's post – the special trust accounts that agents have to use for deposits do not pay interest to the agent – and the reason they like the higher amounts is more often than not so they can get the commission amounts 'released early' not for interest.And if your bank (or if you broker tells you this) takes 5…[Read more]

]]> c86b147f675494e14cdeb9c543d0f4f2 v8ghia replied to the topic Putting in an offer tonight in the forum Help Needed! https://www.propertyinvesting.com/topic/4406219-putting-in-an-offer-tonight/#post-4666593 Tue, 03 Apr 2012 13:45:39 +0000 Without straying off the track too much, a few of the comments remind me of a time I lost out on an $88k property, by haggling over a few grand, and having $84k as my final offer, and the owner coming back and wanting $85k as a compromise.Other issues arose at the time, but 4 years later that type of place was worth around $180 – $190k….so…[Read more]

]]> 5a5d5640b5a7a3a3a703b644a6f531aa v8ghia replied to the topic property management agent proposal - victoria - is it a good deal? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406229-property-management-agent-proposal-victoria-is-it-a-good-deal/#post-4666692 Tue, 03 Apr 2012 13:32:26 +0000 Hi Jademao,Looks good, except for the 2 weeks letting fee. If you could get this reduced to one you would have a great deal if they are a good agent.Cheers

]]> 26d4efce8c746be22f18a998b7fa05ce v8ghia replied to the topic Working in Real Estate - Management Programs in the forum General Property https://www.propertyinvesting.com/topic/4406180-working-in-real-estate-management-programs/#post-4666197 Tue, 03 Apr 2012 13:30:38 +0000 Hi Ediot,These guys, Pittard, are the offshoot (lovechild?) of what used to be a 'jenman agent', which was started by Neil Jenman, and then on sold.They do seem to offer good pay structures, unlike some of the commission only agents, but of course you do have to do the training and eat meanwhile. I think some of their roles are door to door…[Read more]

]]> 78d98dc35642aea067bd22e665221cb3 v8ghia replied to the topic Unlocking Equity from investment property in the forum Help Needed! https://www.propertyinvesting.com/topic/4406045-unlocking-equity-from-investment-property/#post-4665255 Thu, 08 Mar 2012 08:32:22 +0000 Hi Badlee – welcome to the forum too.No problems at all. The simple rule to remember is you can borrow against any property you like regardless of whether it is your investment property/ies or your PPOR/family home. It is what you use the money for that determines whether it is tax deductable or not.This means you simply must keep your borrowings…[Read more]

]]> 801019c9e22787d91116f0320b74bfe9 v8ghia replied to the topic Mortgagee sale - What happens when the bank is owed more than the property can sell for. in the forum General Property https://www.propertyinvesting.com/topic/4406021-mortgagee-sale-what-happens-when-the-bank-is-owed-more-than-the-property-can-sell-for/#post-4665118 Wed, 07 Mar 2012 11:08:13 +0000 Hi Jazz,The reason LMI applies on loans over 80% LVR, is because 80% of the property purchase price is considered the acceptable risk for a lender to be able to sell the property at, and recoup the loan. Any higher is simply put, too risky to assume a sale within a reasonable time frame.You will also find that by the time a property goes to…[Read more]

]]> be561a508c7b72a6559aa63841d1b74b v8ghia replied to the topic Where can I find hotels for sale in the forum Commercial Property https://www.propertyinvesting.com/topic/4405949-where-can-i-find-hotels-for-sale/#post-4664354 Mon, 27 Feb 2012 10:41:43 +0000 Hi Old china. Are you talking Freehold or Leasehold?Cheers

]]> 893c1c932ef73350534a4e3b08089f75 v8ghia replied to the topic STATE SPECIFIC LEGAL ADVICE AND STAMP DUTY in the forum Hi Andrew, Highly https://www.propertyinvesting.com/topic/4405860-state-specific-legal-advice-and-stamp-duty/#post-4663739 Wed, 22 Feb 2012 10:50:36 +0000 Hi Andrew,Highly recommended to use the solicitor or conveyancer from the state you buy in, as well as cheaper. If you decide to use one you know or use already, they will only end up subbing the task out to someone in the state you buy in, and then add their cut.Cheers

]]> 8bf641e16275c1fc1090ef4d810e9073 v8ghia replied to the topic Is it now time to Fix? in the forum Finance https://www.propertyinvesting.com/topic/4405802-is-it-now-time-to-fix/page/2/#post-4663259 Wed, 22 Feb 2012 10:48:36 +0000 Derek wrote:
in effect, interest rates only have an immediate impact on 30% of the population. Clearly there is some psychological impact even on those without home mortgages. Not saying it is easy, palatable etc but sometimes I wonder if GST manipulation would be a better economic lever.Of course this then brings into question farienss of…[Read more]

]]> 1d93dd49f8e358a4e8a5d6ce7d4aeab2 v8ghia replied to the topic SMSF Structure in the forum Finance https://www.propertyinvesting.com/topic/4405909-smsf-structure/#post-4664084 Wed, 22 Feb 2012 10:42:17 +0000 Hi Paulie,While you can have either individaul trustees or a corporate trustee for the SMSF, you would always have a corporate trsutee for the security or bare trust. As mentioned, you would normally only form the bare trust once you are 'ready to go' with the loan and property, and one other trap to beware of is that the SMSF has to pay the…[Read more]

]]> 020b35d7a3b3dc0f6d7dc137a4f43dd9 v8ghia replied to the topic First Post... is property a good investment? in the forum Value Adding https://www.propertyinvesting.com/topic/4405866-first-post-is-property-a-good-investment/#post-4663754 Wed, 22 Feb 2012 10:35:32 +0000 Hi wilko,As mentioned, you will find YES to be the resounding answer from most if not all here.Take a step back and look at your options…….managed funds? Direct shares? Likely if you are very clever or lucky you may find the share option works but 'bricks 'n mortar; is a winner hands down in my opinion – and as long as you allow for the…[Read more]

]]> 50f27024a0ac576fe6a615c56d8186ab v8ghia replied to the topic Super Money in the forum Help Needed! https://www.propertyinvesting.com/topic/4405904-super-money/#post-4664065 Wed, 22 Feb 2012 10:26:09 +0000 Hi Morgstar,Some of these expenses occur whether buying in an SMSF or not (ie inspections solicitor etc)Generally, you may find $100k as the min loan size, you will need around a 30% deposit, and allow around $2500 in fees from the lender – it's mainly legals and certainly no different to legal fees in general. I would normally suggest around the…[Read more]

]]> 294be33590701d36e69302df0b654a2b v8ghia replied to the topic Can a finance broker offer a better deal on a standard bank product over another broker. in the forum Finance https://www.propertyinvesting.com/topic/4405826-can-a-finance-broker-offer-a-better-deal-on-a-standard-bank-product-over-another-broker/#post-4663482 Sun, 12 Feb 2012 11:37:25 +0000 Sorry – forgot to add, that while as others have said, the answer is essentially 'no', it is the bank that is the lender, and the broker is just that -a broker……banks appreciate that a large % of new business comes via the broker channel, which means that if a broker has a better relationship with a certain lender than another broker; perhaps…[Read more]

]]> 9097c97d7b55557642f6dc186e7ca812 v8ghia replied to the topic Positive Real estate in the forum $10,000 for a mentoring https://www.propertyinvesting.com/topic/4405837-positive-real-estate-4/#post-4663583 Sun, 12 Feb 2012 11:32:44 +0000 $10,000 for a mentoring program? Boy the word mentor is bantered around a lot nowadays. So, what are you getting for the $10k course/training? One on one I would assume? Cheers

]]> f7488cfe5d172304ef498d3be8c7b51f v8ghia replied to the topic Can a finance broker offer a better deal on a standard bank product over another broker. in the forum Finance https://www.propertyinvesting.com/topic/4405826-can-a-finance-broker-offer-a-better-deal-on-a-standard-bank-product-over-another-broker/#post-4663481 Sun, 12 Feb 2012 11:27:49 +0000 Rams? They will try and sell you their own product before 'broking' you anything else, but in answer to your question, make sure you have comfortable joggers or shoes, and plenty of water before….running!Cheers

]]> d0767bd10b35efaa39cfc244d18da014 v8ghia replied to the topic Is it now time to Fix? in the forum Finance https://www.propertyinvesting.com/topic/4405802-is-it-now-time-to-fix/page/2/#post-4663253 Sun, 12 Feb 2012 11:01:55 +0000 Just an additional thought with fixing rates that you need to be aware of, and I must admit has been a gripe of mine for a while. You may do the shrewd thing, hedge your bets, and fix your rates for a year or two, BUT what you need to remember is tha in most cases you rate will revert to the standard variable rate afterwards – not any discounted…[Read more]

]]> 803ed51b1718b57b81fc03debd5072ce v8ghia replied to the topic spltting LOC in the forum Hi W8up, As you mention, it https://www.propertyinvesting.com/topic/4405841-spltting-loc/#post-4663593 Sun, 12 Feb 2012 10:56:01 +0000 Hi W8up,As you mention, it is critical you don't 'cross contaminate' .As you mention, either split accordingly and keep totally separate or you could keep one, use it for personal, clear it completely, and then start fresh again from a $0 balance and it will then become your 'investment' LOC. Cheers

]]> f1d60ea7f1667864a22c0719fcfb2621 v8ghia replied to the topic First Property seminar....hmmmm not that impressed. in the forum Help Needed! https://www.propertyinvesting.com/topic/4405833-first-property-seminar-hmmmm-not-that-impressed/#post-4663539 Sun, 12 Feb 2012 10:39:31 +0000 yup…..I feel your pain.A few years back I went to the Dale Beumont 'Secrets of Property Millionarires' one day conference, because as it had a star studded line up, and speakers that had a diverse range of backgrounds and techniques, I thought it would have to be pretty good.Much the same as I have heard from yours and most others….it is just…[Read more]

]]> 1d77f20fb9e69d25c77c77a0d6d611a2 v8ghia replied to the topic Evaluating Deals with Equity Gain in the forum General Property https://www.propertyinvesting.com/topic/4405795-evaluating-deals-with-equity-gain/#post-4663203 Thu, 09 Feb 2012 11:21:13 +0000 Terryw wrote:
sorry about my poor grammar – i type fast

It's also late too Terry – and you could have been indulging in the 'product of the vine' perhaps???????

]]> 5bf1152251eb8df3c6a4ec7e2c576e7c v8ghia replied to the topic Is it now time to Fix? in the forum Finance https://www.propertyinvesting.com/topic/4405802-is-it-now-time-to-fix/#post-4663246 Thu, 09 Feb 2012 11:17:55 +0000 I think it is not so much that rates may go up, but that they may not come down a lot more. Ass uming that to be the case, every lender that I am aware of has 1 to 3 years rates more competitive than their discounted variable rates at the moment – some by more than 50 basis points. Thus it is more likely a case of not offering discounted fixed…[Read more]

]]> 60c03f338c4573505e6a5bfd06cb33fe v8ghia replied to the topic Who will loan to SMSF to borrow for property at 40% LVR? in the forum Finance https://www.propertyinvesting.com/topic/4405812-who-will-loan-to-smsf-to-borrow-for-property-at-40-lvr/#post-4663337 Thu, 09 Feb 2012 11:07:50 +0000 Hi House Call,NAB appear to be the most popular as a lot of the others, especially for enquiries made via 'branch land' put it in the too hard basket. I understand St'George also are OK. Bear in mind whoever you go with it is a lot more involved than buying a house – or in fact any property as an individual. You will indeed need to allow anything…[Read more]

]]> c0266101dff272460aab9db303b8cd57 v8ghia replied to the topic Refinance paperwork in the forum Finance https://www.propertyinvesting.com/topic/4405442-refinance-paperwork/#post-4660665 Sat, 24 Dec 2011 00:45:04 +0000 Hi Mrs C,This does seem to happen, but as Jamie said, this info should be available from your outgoing lender on your final statement – the new lender pays what the old one asks. Bear in mind, some of this could be interest – as it is charged in arrears, and you could have almost a full months interest added onto what the actual loan balance was…[Read more]

]]> de38a73195258c242f07a09681460dcc v8ghia replied to the topic Tenants in Common in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4405435-tenants-in-common-4/#post-4660603 Sat, 24 Dec 2011 00:40:36 +0000 Hi,In answer to one of your original questions, you will generally find the % listed on the property title search once you have purchased the property too – so anyone who did a search on the property would see this also, as it shows the ownership structure in this information.Cheers

]]> f97e5fa626c326b494a61404e593b6b7 v8ghia replied to the topic Finance question in the forum Finance https://www.propertyinvesting.com/topic/4405453-finance-question-10/#post-4660735 Sat, 24 Dec 2011 00:37:24 +0000 Hi Yulia,To add a bit of balance, if your husband works for a lender that waives LMI up to a certain LVR, or altogether, this can save ou thousands of dollars. This will also allow you to use a smaller deposit, which in turn you can the use to get into the next property, or pay down your non tax deductible debt instead. While many will disagree,…[Read more]

]]> f7b7a09456885508d356fc19e7a44bf3 v8ghia replied to the topic Integrating Family and Business into a single entity in the forum Opinionated! https://www.propertyinvesting.com/topic/4405287-integrating-family-and-business-into-a-single-entity/#post-4659503 Mon, 28 Nov 2011 12:34:40 +0000 HI – Havent posted for a while, but after reading this I'm not sure whether I am up too late, have lost my touch, or had one to many glasses of 'Tenet Cabernet Savignon' to chase done the Heinekin's after a hard day at work – could be a combination of all but too deep for me this time of night!Cheers

]]> 97374faed664556f2185cd6542f77f37 v8ghia replied to the topic Know is the time to set some goals and stick to it - But i need some HELP in the forum Help Needed! https://www.propertyinvesting.com/topic/4405290-know-is-the-time-to-set-some-goals-and-stick-to-it-but-i-need-some-help/#post-4659519 Mon, 28 Nov 2011 12:23:29 +0000 Hi Johann,It does work – so good idea.I just reached another of mine last week – but I need to add, while not changing your goals, assuming they are still current, don't be afraid to advance the date by which you plan to achieve them, or how you plan to do so.  I've advanced my 'lose 10kg' goal 3 times before realising I need to change my…[Read more]

]]> 47689d1566a6b611a2cf5e3988a752ff v8ghia replied to the topic Put extra funds in off set account or high interest savings account in the forum Help Needed! https://www.propertyinvesting.com/topic/4405285-put-extra-funds-in-off-set-account-or-high-interest-savings-account/#post-4659489 Mon, 28 Nov 2011 12:19:25 +0000 As already mentioned, the offset option wins hands down every time. And unless your property is almost geared neutral, or you have an obscene amount of cash to offset, you'll still get tax/gearing benefits………………..and as I always say, is paying tax a bad thing? Must mean you're actually making money ;-) Cheers

]]> eb0763491c8a6886c8481c291f5ab532 v8ghia replied to the topic Buying IP with existing long term tenants? Any advice? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405292-buying-ip-with-existing-long-term-tenants-any-advice/#post-4659542 Mon, 28 Nov 2011 12:13:33 +0000 Hi Energy4. As has been mentioned, the rental history is a pretty good indicator that she is stable, and as long as you have it managed a nd a proper leas in place and insurance you can't do much more. I will disagree a little with some of the comments re 'not subsidizing' tennants. One house I have, that I was getting market rent in (and…[Read more]

]]> 56548f24a735ae4ed85a1dbdce48cc2c v8ghia replied to the topic MACHINERY FINANCE in the forum Hi Lee, Generally the 3 https://www.propertyinvesting.com/topic/4405108-machinery-finance/#post-4658380 Fri, 04 Nov 2011 11:37:30 +0000 Hi Lee,Generally the 3 options for this are a lease, a commercial hire purchase, or a Chattel Mortgage. Nearly all asset finance I do is now a Chattel mortgage, which seems to suit the majority, and most accountants seem to prefer too. The machinery is bought in your name, and the bank/lender takes a mortgage over it. You pay it out, and it is…[Read more]

]]> 9d9e6e15d2fe4f1b0cbc9bf7400c6d8c v8ghia replied to the topic is it common to buy a property for private sale with no conditions? in the forum Hi Christina,Depends on your https://www.propertyinvesting.com/topic/4405042-is-it-common-to-buy-a-property-for-private-sale-with-no-conditions/#post-4657962 Wed, 26 Oct 2011 11:16:42 +0000 Hi Christina,Depends on your state too. I'm guessing NSW? If so, your solicitor would not 'exchange' contracts until they have confirmation that the finance is in fact unconditional (ie after having the valuation done, you have singed their formal offer – which is the executred loan contract) . As far as no conditions, subject to finance is always…[Read more]

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