agedownunder replied to the topic wrap loan summary in the forum Creative Investing 20 years, 2 months ago
Terry
I’m no expert but:
I think that the purchaser is directly responsible for the payment of rates.
Regards
AgeBuy new!
Never Sell!agedownunder replied to the topic Realestate agent – was he out of line? in the forum Help Needed! 20 years, 3 months ago
elinitha_au
The agent is out-of-line!!In my opinion.
I would contact the real estate institute in your state and ask a couple of “hypothetical” questions to get the real answer.
Then decide on what action if any I would persue.
And always offer a low bid to start with, you never know unless you do!!
Age
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Never Sell!agedownunder replied to the topic Ray White Oxenford in the forum Help Needed! 20 years, 5 months ago
Oxenford!!
+CF territory ???
mmmmm! I Wonder[whistle]
AGE
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Never Sell!agedownunder replied to the topic Annual Rental Yield Formula in the forum Help Needed! 20 years, 5 months ago
Thanks everyone.
I just entered some of your formulas into a EXCEL sheet.
Now I can save loads of time!!
I only need to type
Weekly rent
&
Property costPresto [grad]
AgeBuy new!
Never Sell!agedownunder replied to the topic RAISING THE RENT in the forum Help Needed! 20 years, 6 months ago
Look at it this way;
You are losing $10.oo PW with your reasonable tennant.
Increase the rent and the reasonable tennant may decide to vacate the property.
The property is re-let after a 3 week vacancy @170 PW
It will take you over 26 weeks to recoup the $450.oo lost during the 3 week vacancy.
From that point on you will be ahead by $1020 PA…[Read more]agedownunder replied to the topic +CF question ? in the forum Help Needed! 20 years, 6 months ago
Thanks Russ
I was hoping you would reply! In my short time here in thid forum I can see you konw what you are talking about
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Never Sell!agedownunder replied to the topic Positively geared property in the forum General Property 20 years, 6 months ago
Well how about this
Double $67500 would be $135000So I would think you would need about $135.00 pw
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Never Sell!agedownunder replied to the topic Positively geared property in the forum General Property 20 years, 6 months ago
Divide by 1000 and multiply by 2 ???
Why not just divide by 500 ???
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Never Sell!agedownunder replied to the topic Sub Division in the forum General Property 20 years, 6 months ago
If you do it as Dual Occupancy and you want to sell just one you would have to Strata them.
But you can just sell them both as a “Job Lot” as you would just one single house.
Age
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Never Sell!agedownunder replied to the topic Sub Division in the forum General Property 20 years, 6 months ago
I have been doing a subdivision in Mudgee NSW. It has been going for over two years and only just now gone to the Lands titles office.
My grand plan was to purchase 50% of my neighbours block 750sq mtrs and join it together with 50% of my block ( another 750 sq mtrs) the new block will be 1500 sq mtrs.
Giving me a 1500 sq meter block on the new…[Read more]