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Viewing 4 posts - 1 through 4 (of 4 total)
  • Profile photo of antaraantara
    Participant
    @antara
    Join Date: 2003
    Post Count: 4
    December 17, 2003 - 11:26 am

    quote:

    Hi Antara

    I am also a sole parent on limited income, so i can relate to your story.

    Have you tried homestart?

    Regards Bear

    Hi Bear

    homestart sounds wonderful but I’ve never heard of it. Could you enlighten me please or is there a website I could look at?
    Many thanks,
    Leonie

    Profile photo of antaraantara
    Participant
    @antara
    Join Date: 2003
    Post Count: 4
    December 17, 2003 - 11:23 am

    quote:

    Hey Leonie

    I love Yeppoon. Do you know the Picketts?

    From what they have told me the prices in Yeppoon are way higher than Rocky (and yes, they wouldn’t live there unless they had to, but I’m not sure of your feelings). Could that not be an option? At least to get you going?

    Cheers
    Mel

    Hi Mel,
    no I don’t know them, and yes they are right about the prices and also about living in Rocky. And yes, Rocky may be an option to get going.
    I certainly have some food for thought and need to do some research into what I can do.
    Thanks,
    Leonie

    Profile photo of antaraantara
    Participant
    @antara
    Join Date: 2003
    Post Count: 4
    December 17, 2003 - 12:39 am

    quote:

    Antara

    Where do you live? I am asking because you maybe able to get a place wrapped to you for something similar to what you are paying in rent. Maybe your mum could lend the some money for a deposit?

    or

    You and your mum could go in together and purchase an investment property or two. You could use part of mum’s money as a deposit and borrow the rest using a asset loan (eg).

    or

    Maybe your mum could buy something and you could rent it? (keeping the profits in the family).

    Just some ideas

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Hi Terry,
    thanks for the info. I live in central Queensland, as does my mum. Small place called Yeppoon, right on the coast. I’m late forties, she’s late 70’s so I’m not too sure how easy it would be for either of us to get a loan. What is an asset loan, pardon my ignorance. I do work, but my income is small, and I have those credit card debts. Banks won’t even give me a $5000 personal loan. Around this time last year I checked out Aussie Home Loans to see what they could offer and it was around $50,000. With low income and a couple of dependants it looks impossible, but I believe it can be done.
    OK, thanks, again, Leonie

    Profile photo of antaraantara
    Participant
    @antara
    Join Date: 2003
    Post Count: 4
    December 17, 2003 - 12:26 am

    quote:

    Can you please explain in more detail what you mean by this question.

    Matt

    “If you do what you have always done, you will get what you have always had.”

    “Isn’t it time for a change?”

    Hi Matt,
    I’m wanting to move out of renting as every few years I’ve needed to move because the house was sold or whatever. So I want more stability, but also I believe that no matter what, I can have what I dream of. However, my financial situation is such that it’s difficult to save let alone get monet together for any sort of deposit and the banks won’t even look at me. BUT, my mother has money invested and I thought there must be a way we could mutually benefit. She could lend me some and I could somehow buy and also buy something for her. Also, what are the possibilities for my 19 year old to buy/invest? Can I use her legally to get the FHOG and buy property for me? I have owned before so I don’t qualify.
    So this is the line of my query. Any ideas as to how I could move from my current financial situation to the one I want?
    Thanks, Leonie

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