good onya lil_man!

im now 23, and have two properties in Perth.

You sound like me when i was your age! haha

Some advice for you though while youre still young, up to you weather you choose to do anything with it or not…

-SAVE 10% of anything you make, pocket money, work, anything!
-When youre ready to buy a car, buy a CHEAP car, instead of…[Read more]

Very true…

We may be seeing the last of the 100 – 150k properties in perth in the next 6 – 12 months!

Luke [cap]

Who knows anything about the wharf redevelopment??

My parents have a house there and Ive heard nothing about it?

PS- they built this place in 2000 for 380k and is now valued at over 700k! 180 degree ocean views too! [suave3] Ten times better than stinky sydney! hehe

Luke [cap]

Mine was $715 through Depreciator.

I would have thought that it had to be based on actual costs. [hmm]

I have so much to learn too [rolleyesanim] *sigh*

Its all a lot of fun tho, can be frustrating at time, but lots of fun [oink]

Luke [cap]

I have just got my very first Depreciation Schedule done up (havent received it yet)

Out of interest how much did you pay for yours??

The 66k they have allowed for construction costs are ACTUAL construction costs only, which doesnt include the builders profit margin or GST (if any). This also wouldnt include any landscaping etc done on the…[Read more]

Clarke Whyte Property Lawyers in the city are very good

Bradshaw Kylynycz Settlements in Stirling are AWESOME. Speak to Jan Kylynycz she works any time of day or night… Ill be using her for many years to come yet!

Luke

I think there is a few good buys left around there, but talk to the locals. I have a friend in Gero and he thinks that some of the areas (the ones with cf+ properties are, well, a bit ‘rough’ and have similar tenants. Research never hurt anyone.

Also, (and correct me if Im wrong) but I think the banks have a lower LVR here (60 – 70%)

Luke [cap]

Wayne

Hi, -Im also 23, originally from Perth (Sydney for 9 months now!) Its scary over here!

If I were you, Id stick a house on the Yanchep Block ASAP and get a tenant in there.

Keep Merriwa its a good spot. Marmion avenue will be up Yanchep way by 2010 (I think?) and the freeway and train arent far from Merriwa now!

Good coastal spots Id keep…[Read more]

Thanks guys for your replies.

No im not stressing, I knew I would sort it out -I always do… where theres a will theres a way! [suave]

Thanks Lizzy for your help also, yes she is MIAA approved. I should have done lots of things differently, but I know better for next time because of it. [biggrin]

Everyone has come up with some great ideas,…[Read more]

hey flash

good stuff…

thanks for getting that 4 grand approved so quickly [biggrin]

Ill send u my bank details, if you could transfer it by the end of the week that would be great

hehe

Luke [cap]

Ok

Going from the last post back..

Lucifer_au – It is not always in ones best interest to set up a company, a lot of the time being a sole trader is best for the individual, as it was in my case. But, good point.

kay henry – I have only one credit card with a $1000 limit. Ive never had any late payments on anything, and definately have no black…[Read more]

Just reading the post by PP in the topic “Mortgage brokers who rebate”

Due to the “lack” of service from my mortgage broker, and the 6 weeks for the approval (and the fact she basically shrugged her shoulders at me when I told her I didnt have $3800 lying around) – what do you think I ask her to “share” some of her initial commission?…[Read more]

Yeah, nothing dodgy on there! No defaults, late payments or anything!

Sole Trader, not split just because I had an ABN unfortunately…

Are you sure they ARE humans in there? haha[rolleyesanim]

Unfortunately we explained the hits to the mortgage insurers and it did not help… [glum] 2 banks approved my loans but the mortgage insurers said…[Read more]

I thought it was seven years?

I was just thinking that if I did not proceed with the finance or if the finance in question had been paid out that you could remove it.

Yet another learning curve…

Luke [cap]

Oh and I have been on the Baycorp website, cant find anything on there about it… Then again I am being quick cause Im at work! haha

[cap]

Woah lots of suggestions, thanks guys!

My only real concern is that due to loan applications with 2 banks recently, and their respective mortgage insurers taking a peek at my credit file, what is the ‘easiest’ way to do this out of the options above?

I never use the word ‘easy’ when it comes to finance, but on this occasion im looking for the…[Read more]

I only have a $1000 limit on my credit card, which is paid out at the end of each month. How long does it take (and how hard is it) to maybe extend this to maybe a 5k limit?

Luke [cap]

Thanks again for your replies…

But im sorry, THIS mortgage broker DOES need to be shot. [biggrin]

I contacted Terry from Discover Home Loans off the website, and he had an answer for me within days AND STILL before the “other” broker did. She had the application for exactly 6 weeks and 1 day before giving me a definate approval. This is not…[Read more]

Thats is so true. Good points. Its not easy, but can be fun and very rewarding… Im learning about the word “patience” too hehe

Luke [cap]

hehe good comment Wallflower

Altho SOME people seem to post just to get their posts up… maybe the website should log not only the NUMBER of posts, but the number of INTELLIGENT and USEFUL posts hehe that would catch a few people out!

Woohoo! I just added one more post to my name… haha

Luke
[cap]