Forum Replies Created
GE finance or AGC.
just remeber it will show on your credit rating.
Depending on how imaginitive you are will depend on how you can explain it.
The answer to your question is yes i have done this quite often to get me thru settlement.
and yes i am imaginitive to a certain extent.
aluminatiYou could try a non conforming lender at a slightly higher intrest rate they will not charge MI. Say someone like GE mortgage solutions. Your finacials and the amount you borrow will determin the IR.
aluminati.vic im new to this site too so id say there probably would be. you can look thru the past pst topics or you can just start a new thread and someone will point the way.
aluminatiDid not read all the posts but did anyone mention Bendigo. Have been watching for some time and it looks very attractive. Some areas in and around the city are x comm areas and are starting to come out of their shells. It has it’s own economy so there is no reason to get stuck on the whole travel time to melb thing.
Me I have bought 36 acres in axedale, 16km east of Bendigo zoned rural rsidential. close to bendigo close to lake eppalock. its a gamble for the future.
aluminatifjficm, see private post. aluminati
Jaqui,
My personal opinion is keep youw own home seperate from you investments, if you want to CC investment properties in the future thats o.k.
Have you got a solicitor, it’s ok to get financial advice from your accountant I would hear your banker but not listen. Ask your soicitor the reason you keep your personal assets seperate from your IP’s. Its ok to try and be creative with the finance options to achieve our goals but there still has to be an element of risk reduction.
The decision will ulimately be yours.
aluminatiayoung
lived in skye for 5 years, also have a property in skye(inland form seaford about 4km) spend a lot of time at seaford beach with the kids.
Like all areas you can basically break seaford up into a number of areas.
I don’t know what yacks problem with the pines is have a property there for years, best tennants ever.Yes it is a low socio econ area. But i have seen the prices in FN,pines go from 60k – 160k in 4 years.
Back to seaford.
anything along nepean hwy is blue chip as it is the only rd apart from a few culdersacs on the beach side of the railway. next best area then is the area between the railway line and the wetlands between armstrongs rd and austin street. This is a much sought after area and a lot of work is going into renovations. then try between austin st and seaford rd going as far east as the freeway.
going east over the freeway you have two areas split by seaford rd, south is semi industrial and values are bit over the place. north of seaford rd you have brunel st near st annes church and primary school, anything there would be a good buy. the further east you tavel along seaford rd the closer you get to the seaford hotel and the belvidere shops, yes there is a cross section of charachters in this area, careful here. Basically stay away from the hotel and the shops. i wouldnt buy to close to them.
You will find all along seaford rd the prices are below average this is because for a small rd it is very busy. but a little advice, there is plans to open up the rutherford rd on ramp to the freeway which should divert a lot of freeway traffic from seaford rd, as rutherford rd leads to the heavily poulated and growing areas of skye and carrum downs.
Hope this helps, This is all reasearch that i do when i get bored if I can help you with any other area i will try my best.
( MPRE not for me very hard to negotiate with some liitle snots from there)
aluminatiIf the buyer can provide a letter from the financier that they did not obtain finance and is dated on or before the new extension date then there is nothing you can do. If they cannot provide documentation then you need to call your solicitor and keep on it as you should be intilted to the deposit paid. Bare in mind that if it is unconditional then the agent has peformed his contracted duties and is due his commision.
AluminatiEmployee based workshops at IBM were encouraged to push the boundries. One such operating system was similar to windows for desktops. The group had trouble convincing the beancounters that it would be viable. IBM did not forecast the explosion of P.cs so instead committed to business systems. The programme was binned. BG and friends pulled it out of the bin and ran with it.BG was not on the original workgroup so it could not be his idea.
aluminatialuminati.
Mark,
I would keep the property you have. Loan against it to purchase a couple of investment properties. you could lend up to 80% val of your home and after you settle on you investment properties you can keep the cash left over. Sounds too good to sell. Remember to sell, 4-6 weeks on market then 30-60 days to settle. With a refinance you could have the cash in 2-4 weeks. Talk to your BM or broker. The deciscion is up to you. You are asking the right questions sounds like your head is screwed on right. You’ll do OK.
aluminati.ajlit 2
Just to throw my two bobs worth in. If you have sufficent services at your property you can buy a pretty well maintained property to move to the block of land. You can get them anywhere from nothing to $5000 depending on qaulity. Say a house for $5k with permits, transportation re blocking at your property services and a repaint e.t.c could set you back around 15k- 25k. Much cheaper than building. would be +ve. and you could always get rid of it to build on later. You are turning it into a income producing asset and will also increase the cap value. First talk to council, ring a valuer for a chat.
But this is just an option hope it churns your mind a bit. Thats what these forums are for.
aluminatiBjb007
You are going to struggle with something on the eastern side for 100pw.
I have a unit in sunshine that will be available next week 11th april. It is in the Albion region. It is listed for 110pw. But looking after the wise of the community we can certainly reduce it.
It is about 5 min walk to main shopping centre close to albion station and sunshine station. There is the sunshine bowls club if he likes a beer. it is a very multi-cultural area but there is a lot of elderly in the area also. The block has 25 units some 2 bed some 1 bed. Mine is a 1 bed ground floor close to the entry but hidden from the street. Melway ref 26 F12 ridley st.
If you are interested I would be happy to help you out.
aluminati. [email protected]Did he mention the one where if you stael someone elses programme and use your monopoly power on an industry you could become the richest man in the world. (sorry 2nd richest). Only people who i can respect i will listen too. He is in that place only because THEY want him there.
AluminatiPurplekiss,
Just to add to your post, we recently bought a 4bedr in an area packed with 3bedr’s. The house was a shocker.While we were doing our standard inspection before settlement we ran into a nice couple outside who were dying to rent a 4 bedder as there were none on the books in the area. We ended up renting to them privatley for $25 pw more than the agent was willing to list it for. They even helped us clean the house and yard?.Have I logged onto lifehelp.com or propertyinvesting.com
I’ll have to log off and re enter the proper site.
aluminati.jarrn,
What book are you reading, who is the author. He/She must have very few areas of interest to invest in if that is what they are preaching. Hear what they have to say in the books but don’t neccessarily listen. Do your own maths sometimes instinct comes from research.
aluminati.Just more propaganda by THEM to scare and stun the poor masses into doing what they’re good at. Sitting on our hands and doing nothing.
Aluminati.Sco,
Try this. Valuers are humans just like most of us, but they are treated strangely. For the most part people do not know what they are doing or even care. If you are valuing a rental or your own property then take the time to go to see the valuer. Tell him/her what your plans for the property are, make a cup of coffee and scones for them. Tell them about you kids or your sick mum. If they feel someone appreciates their work you may get an extra 5-10k on top of your val. Thats giving you an extra 4.5-9k from the bank for the price of some chat and a cup of coffee. If you use the same bank or broker most times you can request the same valuer.
aluminati.Yack,
Many people have stopped, a growth in the market coupled with a few intrest rate rises will do this. Many so called banking and property experts call this a cycle. Cycles are forced upon us for our greater good.( Ha Ha ). Some people like myself will find it harder to get finance. An extra .5% can have a big impact on peoples borrowing capacity. I say get out there keep looking keep making ridiculous offers.If you cna get the finance keep going. It’s all about learning how the market acts and reacts. Some people will find great buys out there as people scramble to sell at the top price and find that real estate agents have been bullshitting them.Sco,
Try this. Valuers are humans just like most of us, but they are treated strangely. For the most part people do not know what they are doing or even care. If you are valuing a rental or your own property then take the time to go to see the valuer. Tell him/her what your plans for the property are, make a cup of coffee and scones for them. Tell them about you kids or your sick mum. If they feel someone appreciates their work you may get an extra 5-10k on top of your val. Thats giving you an extra 4.5-9k from the bank for the price of some chat and a cup of coffee. If you use the same bank or broker most times you can request the same valuer.
aluminati.
