Total Members: 159,193

1HotValuer

  • 1HotValuer replied to the topic Bank Valuations in the forum Finance 20 years, 6 months ago

    The reason why you don’t get a copy of the valuation is because although the loan is for you, the valuation is for the bank. To have a copy of your valuation is of no benefit to you except for the fact that you will have a copy at your perusal. You can’t take the valuation to another bank and use it either.
    I get asked for copies of valuations all…[Read more]

  • 1HotValuer replied to the topic Property Investing with a Partner in the forum No Subject 20 years, 6 months ago

    I invest with a partner. Our money goes much further on IP’s. Set up a trust and a company. Buy +cf properties in Oz and Asia then you have two markets covered.See your lawyer for the trust set up. I recommend a ‘partnership agreement’ be set up as well.Then you are on your way !

  • 1HotValuer replied to the topic What happens if 2nd valuation is less than 1st? in the forum Finance 20 years, 6 months ago

    Pay for another valuation fee, go with a different lender and keep us Valuers in a job !

  • 1HotValuer replied to the topic Should I Sell? in the forum Help Needed! 20 years, 6 months ago

    Go and buy two +cf residential properties with the equity. I don’t advise anyone to sell. Hang on for the long term low tax yield. That’s my professional opinion anyway.

  • 1HotValuer replied to the topic Searching for positive cashflow properties in the forum No Subject 20 years, 6 months ago

    If Broken Hill is so bad, then why are most of the properties SOLD on that web site ??!!Huh.

  • 1HotValuer replied to the topic Property Valuer wanted :) in the forum No Subject 20 years, 6 months ago

    I have been a Valuer for 15 years. We are on the panel for many major banks and non banking lenders. If you require a reputable company in Sydney, contact me and I will steer you in the right direction.
    To answer your question, you would need to let us know where the shop is.
    Hope this helps.

  • 1HotValuer replied to the topic Information For Sale in the forum General Property 20 years, 6 months ago

    The information I was selling was not spam. It was my attempt to help out investors. After all isn’t that what this site is all about? Helping each other with as much information as we can. Yes I am legally able to sell the information. Anyways, my message was deleted.[baaa]

  • 1HotValuer replied to the topic help finding applicants for vendor finance in the forum Creative Investing 20 years, 6 months ago

    You can put an ad in the Sydney Morning Herald real estate section and advertise vendor finance available. I’m sure there are plenty of people out there who would be interested in purchasing this way. I don’t know of any companies that would find you purchasers specifically for vendor finance though.

  • 1HotValuer replied to the topic NO DEPOSIT HOME FOR FIRST TIME BUYERS in the forum Finance 20 years, 6 months ago

    Hi, I’m a mortgage Valuer. I see contracts that have an overstimated purchase price all the time. The danger is if the bank notices two different contract prices. I know of some lenders that don’t care, they just want the business. I don’t know what percentage of people get away with this, I know it is happening all the time. Especially if you…[Read more]

  • 1HotValuer replied to the topic What happens if 2nd valuation is less than 1st? in the forum Finance 20 years, 6 months ago

    Hi, I’m a bank mortgage Valuer. Unfortunately when the market slumps (which is noticibly happening) in Sydney anyway, there is not much you can do if your 2nd valuation comes in less than the 1st. I see it all the time. One word of advice I would give is, when you apply at the bank to refinance, over estimate the value of your IP then cross your…[Read more]

1HotValuer

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