G’day Mitzu…

Why not ask the “expert Brokers” on this site that understand property investment..cause their doing it mate.

Seems crazy to me that you don’t do biz with the guys/gals right here on the forum.

It’s not the Company that’s important but the person you get to deal with. If you want a second opinion on MC talk to one of our regular…[Read more]

G’day Dino…

I know who you are Dino, and I expeced you to get it right…. right track, BUT I said compounded so no need to assume. Now, as always, READ the question and try and get it right this time[!]

You get a minus 6… cause I expected better from you…stuff up again and ya gotta go back to the dot game.

Bill O’Mara
Real…[Read more]

G’day Muppet…

minus 10 points for that answer [!]

Try again

Bill

Bill O’Mara
Real Estate,Mortgages,Share Market Strategies.
billomara@iprimus.com.au

G’day Sooshie…

You another nightowl too?

My sentiments exactly re the Rent-a-Room. As you may have gathered in some of my posts I am a little cautious(Not Negative) of the current R/E boom…this is Year Six. The ladies idea has huge merit and is just what I am looking to do in Armidale/Wagga/Richmiond ..NSW. I am considering offering Free…[Read more]

G’day David…

Got one for October?

I wouldn’t believe anything that came from AMP.

You’re doing a good job David…
How’s your finances & Trust going?

Thanks mate

Bill O’Mara
Real Estate,Mortgages,Share Market Strategies.
billomara@iprimus.com.au

Paul….

I didn’t realise it was you … sorry.

That’s right Paul…wait until I respond to your first post….then come back with more facts.[!]

Get your Dad in on the act. Otherwise sell it direct to a developer once you have educated yourself as to it’s true worth.

G’night

Bill O’Mara
Real Estate,Mortgages,Share Market…[Read more]

G’day Paul…

Good on you.

Can I suggest that you don’t take on anything that you are lacking in expertise. For example, if you even tried a joint venture with a builder/developer they would eat you alive.

Try this idea on for size…

You need to educate yourself as to it’s true value. If it was mine I’d get 3 Agents ( and I’ve been one) in to…[Read more]

G’day….

A good Accountant in Canberra is Anthony Curtis at Weston Creek…Coolamon Court…in phone book.

“Tony Curtis”…just like the actor!

Tell him Bill sent you…

Bill O’Mara
Real Estate,Mortgages,Share Market Strategies.
billomara@iprimus.com.au

G’day Nats…

Why not talk to one of the brokers on the Forum?

Any of them will look after you, and in your interest as they can access several lenders with just the one application. Lenders pay the Brokers…so its Free to you.

Don’t get a valuation yet, as each lender has their own panel of valuers. The lender that you do biz with will…[Read more]

G’day Crashy…

Mine was 25.

I agree with you.. 2-3 hits per second?????

Guess I’ll have to go back through the replies and order a Lie detector test for some.

Cheers

Bill O’Mara
Real Estate,Mortgages,Share Market Strategies.
billomara@iprimus.com.au

G’day Neil…

Your biggest problem will be in trying to resell one day. You will be competing with the Agents that will be managing other “rooms” in the complex. Cause that’s all they are…just rooms.

I am yet to come across anyone that is pleased that they purchased an investment such as this.
( if that’s what u want to call it)

Why…[Read more]

G’day Stevod…

Your property management fees should look something like this…

On a rental of $120 pw x 52 = $6,240 Gross

1 weeks letting fee……..$120
Advertising…………….$ 50
Bank/admin fees…………$ 60
7% Mgt fee (51 weeks) $430

Total………………….$660 pa = 10.5% year1

If Tenant stay on…then no extra letting…[Read more]

Paul and Anna..

My guess is that if you contact the “inhouse” Brokers on this very forum…you will get a call from him/her when promised.
After all they are just a mouse click away.

Cheers

Bill O’Mara
Real Estate,Mortgages,Share Market Strategies.
billomara@iprimus.com.au

G’day Mr Charchie…

Very formal like having to callyou Mr.

Okay,lets say the Lender values it at $180,000 and you have a mortgage of $100,000,round figures.

To avoid Mortgage Ins. only refinance to $140,000
which gives you $40,000 for Investment. On an IP at $120,000, any more than one will be too much.
Deposit $25,000 plus settlement costs…[Read more]

Hi Anastasia…

You said..

“However, if that doesn’t work out, I might give you a call Simon, as you are one of the poeple on this forum I have often thought gives particularly sensible advice… ”

As you feel that Simon gives sensible advice and you sort of already know him…it is only a matter of cancelling the other appt.then contacting…[Read more]

G’day Jason…

In short (for once) YES

Contact the Fund you prefer and get them to send you the paperwork to complete and send to the other two.

Cheers

Bill O’Mara
Real Estate,Mortgages,Share Market Strategies.
billomara@iprimus.com.au

Anastasia…

You are correct when you say that a good broker is as valuable as a good Real Estate Agent can be for you.

Obviously some of the Mortgage Biz. Advertising
has not got through to you. Be assured that Brokers do not charge you a fee and as Simon has just told you…the Lender pays the Broker.

It may prove to be difficult to find a…[Read more]

C’mon you guys…

This is not about who can tell the biggest fibs.

If anyone gets to 100 I’m gunna delete the post.

[xx(]

Bill O’Mara
Real Estate,Mortgages,Share Market Strategies.
billomara@iprimus.com.au

G’day Dingo….

Personally I give a weeks FREE rent, “to help them settle in” but add $10 per week. Provided that they accept that the weeks free rent is afterthey pay bond and first 2 weeks in advance.

Include the lawn mowing “by you” in the lease. You get to keep an eye on the property too…for another $10 pw. You’ll only be mowing 6-9…[Read more]

G’day Kelvinh…

I totally agree with what Terry has said in his reply. Worth adding that this fad hit Canberra a number of years ago.

Your biggest problem will be in trying to resell one day. You will be competing with the Agents that will be managing other “rooms” in the complex. Cause that’s all they are…just rooms.

I am yet to come across…[Read more]