Forum Replies Created
That invitation is open to anyone in Brisbane.
Hey Jerome,
I'm not in an 'organised group' as such but all my friends and collegues are property investors. You are more than happy to flick me an email [email protected] and we can catch up and shoot the breeze. Some in our group have a couple of properties others have more than a dozen so you get a good spread. If you like us maybe we can catch up on a regular basis over coffee?
James
You all seem to be missing a very big point ….. It's the banks money, not yours, and they are not obligated to lend you anything just because you have lodged an application.
No point bitching about valuations, property prices have moved and your strategies have to move with it.
If it's a genuine low doc loan i.e. your self employed and not earning over $75K, you dont need GST registration. If it's a self certified loan claiming over $75k then your out of luck
WJ Hooker wrote:Have you ever seen a course at tafe for fire alarm testing !!!.Um, yes I have.
Licence Classes
(1) Certify.
(2) Install and maintain – extra low voltage
(3) Maintain – extra low voltage
Scope of work
(1) For the licence class mentioned in section 1. above — certify, inspect and test fire detection, alarm and warning systems, including inputs to, and outputs and controls from, fire alarm systems, fire ventilation controls, and suppression system monitoring and controls.
(2) For a licence class mentioned in section 2. above — install and maintain fire detection, alarm and warning systems, including inputs to, and outputs and controls from, fire alarm systems, fire ventilation controls, and suppression system monitoring and controls but limited to systems and controls with extra low voltage.
(3) For a licence class mentioned in section 3. above — maintain fire detection, alarm and warning systems, including inputs to, and outputs and controls from fire, alarm systems, fire ventilation controls, and suppression system monitoring and controls but limited to systems and controls with extra low voltage.
Technical qualifications
(a) For the licence class mentioned in section 1. above any one of the following—
(i) the successful completion of Certificate IV in Fire Systems Compliance (Fire Detection Systems) 30536QLD;
(ii) successful completion of a course the authority considers is at least equivalent to the course mentioned in paragraph (a)(i);
(iii) accreditation from the Fire Protection Industry Board, that the applicant has successfully completed all of the following— category IAD—certification of installation of fire detection and alarm systems; category IAE—certification of installation of emergency warning and intercommunications systems; category MAE—certification of maintenance of fire detection and alarm systems; category MAF—certification of maintenance of emergency warning and intercommunications systems.
(b) For the licence class mentioned in section 2. above any one of the following —
(i) the successful completion of either—
Certificate III in Electrotechnology Building Services UTE30299, including the specialisation in fire systems; or Certificate III in Fire Protection Control UEE31006;
(ii) successful completion of a course the authority considers is at least equivalent to either of the courses mentioned in paragraph (b)(i);
(iii) possession of an electrical mechanic licence;
(iv) accreditation from the Fire Protection Industry Board, that the applicant has successfully completed all of the following— category IAD—certification of installation of fire detection and alarm systems; category IAE—certification of installation of emergency warning and intercommunications systems; category MAE—certification of maintenance of fire detection and alarm systems; category MAF—certification of maintenance of emergency warning and intercommunications systems.
(c) For the licence class mentioned in section 3. above any one of the following —
(i) the successful completion of Certificate II in Asset Maintenance (Fire Protection Equipment) PRM20404;
(ii) the successful completion of Certificate II in Fire Alarm Servicing UEE21005; or
(iii) successful completion of a course the authority considers is at least equivalent to the courses mentioned in paragraph (c)(i) or (c)(ii);
(iv) accreditation from the Fire Protection Industry Board, that the applicant has successfully completed both of the following—
category MAE—certification of maintenance of fire detection and alarm systems; category MAF—certification of maintenance of emergency warning and intercommunications systems;
(v) possession of an electrical mechanic licence.
DEFINITIONS
Certify means
(a) to give advice or a report, including a certificate, stating that a fire protection system
complies with Australian and international standards, Building Code of Australia
requirements and manufacturer’s specifications after conducting a survey of the system; and
(b) to give a QBSA licensee certificate under the Building Regulation 2006 for the work.
Electrical mechanic licence means
(a) an electrical mechanic licence issued under the Electrical Safety Regulation 2002; or
(b) an electrical contractor licence issued under the Electrical Safety Regulation 2002, if the person the
licence was issued to, previously held an electrical mechanic licence.
Inspect and test means
(a) to inspect by visual examination the components of fire protection systems or equipment to
establish correct settings, physical condition or fitness for purpose under 1-5-5, AS 1851-2005;
and
(b) to test, after inspecting, by the confirmation of correct function or performance of a component
or system under 1-5-13, AS 1851-2005.
Install means
(a) place a fire protection system in position ready for use; or
(b) restore a fire protection system to its original operating specifications; or
(c) alter a fire protection system; or
(d) provide an installer’s statement in relation to the work
Example: Where the fire system is altered from its original design specifications by way
of replacing with components of different specifications, it is installation.
Installer’s statement means
A statement about the installation of a fire protection system.
Maintain means
(a) inspect and test a fire protection system and any other fire safety measures to ensure continued operation at their original performance levels and in accordance with any relevant Australian Standards; or
(b) repair or replace defective components to keep a fire protection system in a working order
according to original specifications
(c) carry out preventative maintenance; or
(d) prepare a maintenance record of the work mentioned in paragraphs (a) to (c).
Maintenance record means
a record of any maintenance carried out.
Preventative maintenance means
lubrication, cleaning, adjustment and replacement of parts for the purpose of minimising
faults or malfunctions of a fire protection system.
Example: where a fire system is not altered from its original design specifications it is
maintenance and repair (‘like for like’ replacement of components).
Survey means
the visual inspection of a fire protection system to identify if the system has been altered,
damaged or compromised.
Example: where a fire system is not altered from its original design specifications it is maintenance and repaired.
Everyone has there own individual vices. Fortunately for me I have two, fast cars and property, and the second one pays for the first!
Thanks Richard, I had an idea you might be able to help but didn't want to tie up your time with a call if you couldn't. I will be sure to contact you today.
Thank you Eddie, I will flick you an email early next week.
Anyone else have someone they can recommend for comparison?
If this information is at a cost that is OK as long as it is within reason
We have done something very similar near the uni in Brisbane, however, when we raised the house and built underneath we did not include any internal stairs so it really is 2 seperate dwellings which could have 2 seperate leases. We live upstairs and rent the bottom of the house out to students who pay for the mortgage. Best move I ever made. If we decide to move, which we will, we will rent the top house out in the same fashion.
You're a long way from Timaru! Where in Oz are you so we can point you in the direction of some help.
Qlds007 wrote:Hi bothThere is no time frame to stop you purchasing again immediately subject to the usual income, equity and deposit requirments.
Not sure how you structured the first loan but we normally have our clients purchase using an interest only with 100% offset account and then get them to put their First Home Owners Grant and deposit into the offset so they can immediaely purchase again.
Richard, at what LVR are you talking? I get what your saying but depending on the purchase price wouldn't most of the FHOG be soaked up in associated costs / deposit?
So what happens to the loans if the house prices do continue to fall. If you have a property now at 95% and the value drops and the LVR now becomes 101% what happens? Does the bank come looking for the 1%-5%?
Thanks Terryw, for both messages. I do need the money but only to invest elsewhere. The reason I was leaning towards a sale was because it seems that valuers are not so hard on purchases as they are on refinances.
OK, apparently I'm the only w*nker.
I have two cars, a 2004 BMW M3 and a 2004 Mini Cooper S. Both of these cars are impractical, uneconomical and depreciating at a ridiculous rate. But you know what? I don't care. The reason I got into business and investing was to provide for myself in retirement and to improve my lifestyle. I have done both.
Hey Bespoke,
I bought a property in South Brisbane this time last year for $220k, have spent $15k renovating it over the past month (didnt have the money 12 months ago) and now have a valuation of $290k. Most of it was just elbow grease. The yard was a mess, full of weeds / long grass / unkept tress and the inside was really dirty / broken windows / old and it smelt. I cleaned it all up inside, replaced the glass, knocked down an ugly and illegal back porch, mowed the lawn, cut down the trees, pulled up the weeds, paid a painter $8k cash to paint inside and out, ripped out the old kitchen and bathroom and put in new factory seconds stuff, and put in new oyster lights throughout. That's it. If I had the money I would replace the fence to give more street appeal but unfortunately I forgot to water my money tree and it is wilting. I'm now looking for the next one.
propman wrote:I was introduced to International Mortgage Group about 3 years ago. Must admit I didnt have a clue what i was doing with my finances. A consultant from IMG came to visit after agreeing to a appointment which I must admit I was pushed into. After careful consideration I decided to take their advice and refinance.
They set my account up enabling me to use my business cashflow to reduce my homeloan. I manged to reduce my loan by an extra 30K. After a year they persuaded me to use my equity in my property to buy an investment, which i did. 2 years later I have 2 inv properties. The first made me 80K in one year. To be honest Im glad I accepted that phone call and the advice. I was so chuffed with their service Ive refered 4 friends who have all received similiar results.Had I have stayed with my old bank I still be in debt without a clue. Having said all this I never accept marketing calls anymore and often wonder what other opportunities Im missing out on. I suppose thats what forums like this offer:)Wow propman, that's awesome! Can you sign me up? On second thoughts don't bother, but nice sales pitch anyway, you should get paid your commission for that one.
Deano76,
Word of warning. Do your own due diligence and dont take their word as being Gospel. I have had experience with them and the property they were trying to sell had a rental return of X amount, however, it was only acheiving that because of an illegal addition to the property. They would not take steps to have this fixed until such time as I signed an unconditional contract.
I don't think so! See ya Cashflow Capital, scam someone else instead.
No thoughts? None at all? Not even a single one?
(Maybe I should post a topic to cause an arguement amoungst certain forum members and then slide a question in)
I think its a great time to buy an investment property and no one can prove me wrong. (How's that?)
GopinathVijay wrote:With this recession occuring, should I still invest in the stock market? I'm 15 and I want to get in early. I have been reading books on the subject of investing almost religiously. haha. Anyway should I get started at this time? I don't mind losing my saving if I learned something. Also what would you recommend investing in during this time?15? In another post https://www.propertyinvesting.com/forums/getting-technical/legal-accounting/4326404?#comment-181648 you were bored of your employment after 1 year. Start work at 14?
