Hi Jumbo123

I was looking at a property with a Valley Kit home buit on it. I must confess I’m in QLD and I didn’t know they were in Tassie (perhaps it’s another co – not sure)
The home was 4 yrs old and looked ok.

Check out the competitors – just so a google search for kit homes.

Cheers

Chad

Thanks Westan and Del for the feedback – my quest continues.

Cheers

Chad

BTW – can anyone expand on the maintenance issues?

Thanks for the post

Cheers

The median growth rates for houses in the Noosa Shire QLD out perform the units over the last 20 yrs.
I guess position is always critcal.
Cheers

Chad

Hi Marky

In QLD the maximum term on an exclusive agency is 60 days. That then reverts to an open listing.

Ofcourse the agent will/should ask for a renewal 2 weeks prior to it expiring.

You can ask the agent to be released from the exclusive, but they have to agree to it ( in writing)[suave2]

If you’re not happy with the agent, don’t be…[Read more]

Hi Greg

Had a chat with a Real Estate Principal who has done this for clients and the answer is that you would be the 2nd mortgagee. The 1st mortgagee, being the bank, normally has all rights to their interest in the property until they are paid.

So, as I understand it, if the buyer continued to pay the bank but not you, you can’t access the…[Read more]

Hi Greg

Understandable. haven’t yet got the answers to assist – hang in there.

Chad

Hi Greg

Also haven’t done it personally. Was involved in a contract where the vendor was prepared to leave $100K in the deal. It never eventuated.
I’ll check in our office if anyone has done it.

Can I be so bold as to ask why you need to leave 30% in the property? I know you mentioned “incentive” What’s wrong with the property that you feel you…[Read more]

Thanks Simon

Chad
[biggrin]

Hi Mortgagehunter

That’s interesting and seems fair to me.
I was told by a mortgage broker that the grant wouln’t be available if i bought an IP first and then bought a PPOR.

Are there any specifs to follow when setting up the IP so as to qualify later?

Cheers

Chad

Hi Swampy30

You can negotiate a long settlement, ofcourse the vendor has to accept this and hopefully you don’t have competition on the property.

I have seen contracts with 6 month settlements.

I would suggest you settle on or before the settlment date, otherwise you’ll get in trouble again.

Hope this helps

Chad

To clarlify the “subject to finance”

You as the purchaser can nominate the time frame on this as part of the negotiations. If the vendor accepts 7, 14, or 21 days finance, you then have the time necessary to get written approval from the bank as they will always send a valuer around. Preapproval means nothing….
the key lies in the property that…[Read more]

I reckon the TITLE does the trick for most.

Who really cares about the colours, bring on the content.

I think more than incomes, it’s the ratio of income to expenditure that interests me as this affects the borrowing capacity of the investor and also determines how quickly they can save another deposit for the next one.

Can’t wait to read…[Read more]

Bit HARSH Monopoly

Reality comes from dreams, and age has nothing to do with it.

Secretgnome, you’re on the right track, you have a plan (though basic) The pieces will fall together, but you have continue to put yourself at risk by asking the questions. We learn from our mistakes. You at least have the insight to learn from others’ too.
I’m in…[Read more]

Wayne

As a tennant it’s important for me to hang pictures in the places I want to hang them.

I’ve never undertood why landlords are so reluctant to let tennants hang artwork on the walls.

I see this as allowing the tenants to feel at home and as such will be more reluctant to move out.

When they vacate, a quick once over with filler and touch…[Read more]

Hi Mike

I’m researching the market there too.

The answer as i understand it is “yes” you will need a local solicitor and also an accountant as you have to submit a tax return in NZ although you may be an Aus citizen.

Also, you will pay an adjusted tax amount to the ATO, and I understand capital gains tax to the ATO if you declare the income and…[Read more]

Hi Myydral

Thank you for your response. I did find some threads. I notice capital growth seems to be rater popular as well.

Regards

Chad