Hi John,

not sure what’s happening in your neck of the woods but in SA I don’t think they do too many (if any) strata titles these days. Most places that are developed (ie knock a house down build 3 units) are done on community titles which gives each individual owner more freedom. I don’t know heaps but I think the driveways/sewers might be…[Read more]

Hey Dream

At first I thought you were want to help spending your inheritance![biggrin]

The other comments are very valid, with that kind of money you should be able to do better than 5.40% (I think) with ING. Most FI’s will negotiate a better interest rate with you for sums over $100k so if you can earn an extra .2 or .3% why not (on a $100k it…[Read more]

Hi Jase,

there was actually an article in the Advertiser today about the Palais apartments in the East End. It’s more about the noise and stuff down that end of town but perhaps if you googled it you might find something. It says in the paper it’s part of the Alpha apartments.

See how you go
Mike

Hi All,

I love these forums, so many good opinions and you get to learn how others think. Like many others I think credit cards can be good and bad. In conjuction with a LOC they can be an effective debt reduction tool – so long as you are disciplined. Say you get paid $1000 per fortnight that goes in to a LOC, if you use your CC all month…[Read more]

Mental note – never ask where CF+ deal are in a forum!

tamtam, I feel sorry for you buddy, but I can see where the other guys are coming from. I admit I’m relatively new but I do have one minimally CF+ property that I found by finding an agent and going to Adelaide’s northern suburbs with her and viewing 7 properties in one day. The one we (my…[Read more]

Hi fbd1,

I’m certainly no guru but I applaud you for thinking outside the box when trying to put a deal together. [thumbsupanim] The way I see it, the end scenario sounds pretty attractive but it’s going to be a hard slog to get there with $700k (approx) worth of loan repayments until your vision comes to fruition. I calculate that interest…[Read more]

I’m relatively new this whole posting thing but have learnt over the years not to assume anything, so forgive me if I’ve missed something in your previous posts! (my assumption is that your partner will contribute some funds as well).

My concern for you is in regard to fees, and the funds required at settlement.

Purchase price = $217,000
Fees…[Read more]

Congratulations on your first purchase! My wife and I have recently entered the market ourselves, buying an IP in the northern suburbs of Adelaide.

We actually live in Sheidow Park and of the areas you mention there is not really too much to steer clear of, I guess it all depends on your strategy. Each of the suburbs have their older and newer…[Read more]

Hi Janetbianka,

the scenario you describe sounds good (who wouldn’t wnat to make $70k+ in 6 months?).

Can I ask how much you are paying for the relocatable homes and where they will be purchased from? My wife and I have a IP in Adelaide that we want to subdivide, it’s not in the best suburb so we’re not sure if we should just sell the land or…[Read more]

Not sure how many people are stil looking at this one but thought I’d add my story anyway.

Me and my wife bought in Elizabeth Downs a couple of months ago, we live on the other side of town and can’t believe people live like that but hey, we don’t have to live there. Anyway, it took about a month for our PM (LJ Hooker actually) to find a decent…[Read more]