PropertyInvesting.com | noobie | Activity https://www.propertyinvesting.com/members/noobie/activity/ Activity feed for noobie. Thu, 06 Nov 2025 11:33:34 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 a1d33c89b6ddd816757c9584e4c46f2c noobie replied to the topic Becoming a mortgage broker in the forum Finance https://www.propertyinvesting.com/topic/4391536-becoming-a-mortgage-broker/page/2/#post-4577866 Thu, 21 Aug 2008 02:13:37 +0000 Didn't the banks recently cut broker commissions by around 40%?? That's gotta hurt!! I have been stuffed around by so many inexperienced brokers. I really think they should be forced to do a degree or at very least a TAFE course over a couple years so they're not potentially ruining a person's finances through lack of…[Read more]

]]> 4ad4075f92617bdbd06ef60536b7cd8e noobie replied to the topic My first sub-division! in the forum I'm still shopping for https://www.propertyinvesting.com/topic/4391910-my-first-sub-division/page/2/#post-4580491 Sun, 24 Feb 2008 21:30:20 +0000 I'm still shopping for demolition prices. I haven't made up my mind which way I'm going with the demo crews. They all have different things they want (ie some want salvage rights, some say take what you want first and get rid of it yourself before they get there) I am still working that bit out.I have to have the house demolished before the new t…[Read more]

]]> 7598e12545681983b1d355c6de3b9923 noobie replied to the topic My first sub-division! in the forum Value Adding https://www.propertyinvesting.com/topic/4391910-my-first-sub-division/page/2/#post-4580487 Fri, 22 Feb 2008 23:18:31 +0000 I'm VERY pleased to say that on the 20th February I received a formal letter from the council saying the application to create a new title is now approved. It has some conditions attached – but nothing I wasn't prepared for.Settlement is in 2 weeks and I'm ecstatic. I've arranged for a demolition company to pull down the old crusty house (one…[Read more]

]]> 487b1b708c30e470c89347169b50ce63 noobie replied to the topic My first sub-division! in the forum Value Adding https://www.propertyinvesting.com/topic/4391910-my-first-sub-division/#post-4580479 Tue, 15 Jan 2008 04:04:12 +0000 I know the planning officer in that council area. I went to school with him Lisa! (noobie)

]]> 5ad88487aa2426218f0df51a1f64606b noobie replied to the topic My first sub-division! in the forum Value Adding https://www.propertyinvesting.com/topic/4391910-my-first-sub-division/#post-4580476 Mon, 14 Jan 2008 23:46:14 +0000 Christies Beach – south of Adelaide

]]> 26729d3753cf7646352363724703a241 noobie replied to the topic My first sub-division! in the forum Value Adding https://www.propertyinvesting.com/topic/4391910-my-first-sub-division/#post-4580472 Sat, 12 Jan 2008 00:14:33 +0000 No. the guy said that Trans Adelaide would move the actual stop for us. That's the good news.The bad news is the Onkaparinga Council are in charge of the shelters they put near the stops. I have to pay half the costs of moving the shelter – which wasn't approved to be moved. So the stop is now further down the road. But the shelter is in front o…[Read more]

]]> 0a92c0b7ced894f0486151c16de84b30 noobie replied to the topic Adelaide or Brisbane in the forum Quote: May I ask which https://www.propertyinvesting.com/topic/4391491-adelaide-or-brisbane/page/2/#post-4577506 Fri, 11 Jan 2008 00:39:16 +0000 Quote:
May I ask which areas you have invested and get good yields in Adelaide as mentioned above. I just cam back from Adelaide for a holiday and driving from the airport to my friends place, the streets were very empty, could be that it is the xmas break.

I have two in Morphett Vale, two in Huntfield Heights, one in Woodcroft and one in…[Read more]

]]> 9430b3b2dc49e6de7aa654c4cff17780 noobie replied to the topic My first sub-division! in the forum Value Adding https://www.propertyinvesting.com/topic/4391910-my-first-sub-division/#post-4580471 Fri, 11 Jan 2008 00:16:53 +0000 I guess I'll go buy some adult-sized pull-up nappies to use for the next couple of months, hey!So far the council has been really helpful/suggestive. Let's see what happens as time goes on.(only one nappy used today – when the planning guy told me I can't move a bus-stop to make room for a second driveway access to the road. Then he said "Oh wait.…[Read more]

]]> 10df24277d3f4d5652b92af921150c24 noobie replied to the topic Adelaide or Brisbane in the forum Help Needed! https://www.propertyinvesting.com/topic/4391491-adelaide-or-brisbane/#post-4577494 Fri, 30 Nov 2007 13:13:32 +0000 I only invest in Adelaide – yet I was originally from Brisbane. I'm still learning, but I currently have 6.The way I saw it was easy – I bought 2 units for the same price as 1 unit cost in Brisbane. But the rent is 1 1/2 times more than I would have received on that same cost if I'd bought in Brisbane.So I'm out of pocket the same amount of money…[Read more]

]]> 71d7951da33e3f3603bf53eec1255c63 noobie replied to the topic Help!! I keep running out of equity and I'm stuck now! in the forum Help Needed! https://www.propertyinvesting.com/topic/4390336-help-i-keep-running-out-of-equity-and-im-stuck-now/page/2/#post-4571369 Wed, 15 Aug 2007 02:45:14 +0000 Oh good point!!I do have an offset account set up against the loan on my PPoR. I can arrange to have all income and all rents going into this and I see the point of reducing the payments on this property first as there's no tax advantage to me having this one high.I will ring the bank now (and the rental agent) and switch the payments around.…[Read more]

]]> e0bc3981f73b8b444123d0daf0d8abfd noobie replied to the topic Help!! I keep running out of equity and I'm stuck now! in the forum Help Needed! https://www.propertyinvesting.com/topic/4390336-help-i-keep-running-out-of-equity-and-im-stuck-now/page/2/#post-4571366 Wed, 15 Aug 2007 00:06:25 +0000 I'm in Adelaide, emmajames. I'm not married and I have no kids. Just a single girl having fun. I live alone with my dog and my cat, which is how I have the spare time to work a business and a part time job.My boyfriend invests now as well, but our projects stay completely separate. He's just got the investing bug from me (it's contagious). He's b…[Read more]

]]> 2cfbd3fd4a80bc1dc0788dbf2819c99e noobie replied to the topic Help!! I keep running out of equity and I'm stuck now! in the forum Help Needed! https://www.propertyinvesting.com/topic/4390336-help-i-keep-running-out-of-equity-and-im-stuck-now/page/2/#post-4571359 Tue, 14 Aug 2007 05:23:10 +0000 Mortgage Hunter wrote:
All your spare income could be going into your own PPOR to reduce this debt. I also reckon you should spend an hour on the phone with Richard Taylor and see what he can suggest for you.  He may well come up with some significant improvements to your situation.

I did this – well kind of. I emailed him privately and gave h…[Read more]

]]> 2498bea14fb190e58b3d5473a6341e48 noobie replied to the topic How to keep up with costs? in the forum Help Needed! https://www.propertyinvesting.com/topic/4390289-how-to-keep-up-with-costs/#post-4571065 Mon, 13 Aug 2007 23:45:49 +0000 I'm a noobie at this and I'm in adelaide too. I've got 5 CF+ properties around outlying areas of Adelaide now and the rates and bills for the properties is weird to keep up with sometimes.At the advice of my accountant and the lending guy at my bank, I personally put an offset account alongside the biggest debt I have, then put all the rent each m…[Read more]

]]> ae400af4e737b7798821991ffc962c4b noobie replied to the topic Help!! I keep running out of equity and I'm stuck now! in the forum Help Needed! https://www.propertyinvesting.com/topic/4390336-help-i-keep-running-out-of-equity-and-im-stuck-now/#post-4571356 Mon, 13 Aug 2007 14:38:06 +0000 You've all been so helpful and supportive. Thank you I've decided to take a multi-phase approach, based on everything everyone has posted and also on other research I've done.1) I've switched all loans over to IO. All rent goes into my LOC, reducing that nicely. IO payments for the investment loans comes out once a month. The profit stays in the…[Read more]

]]> e4c363b1fcd8852e6268cea8e1cf5c99 noobie replied to the topic Help!! I keep running out of equity and I'm stuck now! in the forum Help Needed! https://www.propertyinvesting.com/topic/4390336-help-i-keep-running-out-of-equity-and-im-stuck-now/#post-4571352 Sun, 12 Aug 2007 01:33:34 +0000 So I went and did my financials for the last 2 years. I've been underestimating my income! Who knew.  But I didn't have cashflow or servicing problems, so it really didn't change anything except now I can borrow more than 80% of the values.The guy at the bank tells me I have to pay mortgage insurance if I go over 80%, but now I have access to…[Read more]

]]> feaa79582e96a95c712155729a67970c noobie replied to the topic Help!! I keep running out of equity and I'm stuck now! in the forum Help Needed! https://www.propertyinvesting.com/topic/4390336-help-i-keep-running-out-of-equity-and-im-stuck-now/#post-4571349 Wed, 01 Aug 2007 01:59:32 +0000 Vesson wrote:
I have no specific advice for you, but to be frank I don't think you should 'give up' and work harder. Working hard will get you nowhere fast. I think you should continue what you're doing (ie trying to get more property now) & read more, or invest more money in your education (seminars, courses). <snip> or look into setting up a…[Read more]

]]> 112e5f453dd24a43d84cf923feab852e noobie replied to the topic Help!! I keep running out of equity and I'm stuck now! in the forum Help Needed! https://www.propertyinvesting.com/topic/4390336-help-i-keep-running-out-of-equity-and-im-stuck-now/#post-4571347 Wed, 01 Aug 2007 00:20:33 +0000 Thanks for the tips blueheeler. I rang two other banks today, plus two local broker houses. They all told me the same thing  – either I need more equity or I have to find deposits or I have to put up with higher interest rates to get more money out. Not happy with either suggestion and still stuck and confused.I rang a real estate agent who's be…[Read more]

]]> 169779ec82b1aeb1c182152a99e77f0f noobie replied to the topic Help!! I keep running out of equity and I'm stuck now! in the forum Help Needed! https://www.propertyinvesting.com/topic/4390336-help-i-keep-running-out-of-equity-and-im-stuck-now/#post-4571345 Tue, 31 Jul 2007 13:51:38 +0000 Thanks heaps v8ghia. And thanks for the congratulations. You're the only person thats said that. My family think I'm insane   I rang a different wankpac … um … westpac branch and spoke with a different lending lady than my usual guy. She said i could maybe go up to 82% with no mortgage insurance to pay (at least that's what i think she mean…[Read more]

]]> 1fd533d72ba1c3c3b3d20cf8785ce4f3 noobie replied to the topic Help!! I keep running out of equity and I'm stuck now! in the forum Help Needed! https://www.propertyinvesting.com/topic/4390336-help-i-keep-running-out-of-equity-and-im-stuck-now/#post-4571343 Tue, 31 Jul 2007 06:14:39 +0000 I don't have servicing problems. And they're not cross-collateralised as a whole – just some. Cash flow is just fine. I'm with Westpac. They offered me a 0.7% discount on my loans but I can only go to 80% loans on the values of each house because I don't have any financials to show them. They won't let me borrow any more because that would take…[Read more]

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