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February 19, 2013 - 11:08 am

Hi guys,

Thanks again with all those comments. I finally settled last Friday. I went to used Adelaide Bank this time.

That was closed, Next time I have to be careful when purchasing off the plan property.

Good luck everyone! 

 

January 29, 2013 - 11:44 am

Thank you so much guys. I am in Sydney, my Solicitor in QLD. He pointed out to me today that ( like Terry said) they can sue me and they will try to resell the property. I have to pay the shortfall + my deposit + penalty the list goes on.

I've been trying to use Homeside cos I have a construction loan with them. That will speed the process quicker but the Val came back for that apartment was $25K less than what I bought it for.  Anyway they didn't approved. Likely that I haven't start my development yet, so now I may put it on hold until that finished. I'm waiting from other bank and will see. I will give Terry a call for sure. 

Will keep you guys posted this week. Thanks again with all the supports.

Cheers

Andy

January 28, 2013 - 11:51 am

Hi Spuddles,

Yes, only 2 more weeks just put your head down and work.

I know exactly how you feel, I feel like quitting my job tomorrow too but I need those pay slips to show the bank so I can continue investing in property. 

YOU CAN DO IT.

Cheers

Andy 

January 28, 2013 - 11:45 am

Hi Jamie,

This time has nothing to do with my broker. I've been dealing with him for a while and we had a meeting today. I think cos of my serviceability. I maxed out. 

Cos I'm doing a small development in the mining town, I need a lot cash which I've already refinance a few of my properties. 

Unfortunately, bought it off the plan last year and paid 10% deposit, I thought everything should be find.  

Now, cos the mining slowing down so the rent decreasing, if the rent high then will be different story. 

I also planning to sell one of my apartment soon. So that will free some of equity. But and again I have to pay CGT. 

I will start tomorrow to have a new investment strategies.  

Cheers

Andy 

June 30, 2012 - 12:10 pm

You welcome John. I’m new in this forum but now I will try to use it more often.
Answer you question, I’ve used about 3 accountants for the last 10 yrs. Like Jamie said you may have to pay twice.
You can always ask them questions and see how good they are. Let me know, I have some questions if you need it.
The one I gave you, he knows what he is doing and experienced in property. Just give him a call and ask him.
Remember, tax return time now, they all very busy.

Good luck and Happy investing

June 29, 2012 - 8:03 pm

I live in Sydney and I have 3 properties in western Sydney.
I use Richardson and Wrench Rooty Hils.
The property Manage I deal with, his is very good and always reply promptly. I’ve been using them for 4 years and they only charge me about 5-6% which is not bad in Sydney.
Please let me know if you need more details.

Good luck and Happy investing

Cheers
Andy

June 29, 2012 - 7:56 pm

Hi John,

I don’t live in Melb but I know one Accountant. I have a lot of property investors friends that uses him. He also invests in Propert too. I don’t know how far from you. Please check his web site http://www.pwkgroup.com.au.
His office in 179 plenty rd,Preston VIC.

Good luck and Happy investing.

Cheers
Andy