The payment was late as I had sold my business, paid out all associated debts, and financed my move over to Sydney which was a very tight time for me financially… looking back, I would have done things differently!

The fees associated with letting out the property, advertising etc were much more than expected and I had obviously not calculated this properly…

Along with this, I had to wait 4 weeks after getting to Sydney to get my first paycheque which was very much needed by then!

Waiting to hear back from the broker this week to see if there are any other options… I knew the banks were strict but hey, im sure there is another lender out there that wants my business!!!

At least on here people understand how frustrating it is dealing with lenders sometimes! Cant wait for the day when they ring ME to see if I want to borrow any more capital[:p]

yes, how did u guess? haha

(Long story… at 23 I should be driving a Commodore that cost $5k or so, but Ive learnt from that little mistake and have decided to keep it instead of selling and losing 20k!)

ANYWAY…
As for selling the Perth property, if $10000 is your deposit, thats fine… Ill accept the other 290k on a “special” 30 day settlement term

I strongly agree with the “buy and KEEP” principle, and unless I have made a very very poor investment decision, do not intend on selling a property after purchasing it.

As for the lender, I have a mortgage broker and I have used this person twice before who also invests in property, and also knows my accountant and he, too, invests in property. She has advised me that I may have to wait another 6 months till I have perfect repayments again… Im too impatient for that!

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