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Bradw82

  • Bradw82 replied to the topic NRAS apartments Kingsbury in the forum Help Needed! 12 years, 9 months ago

    Hi Marcus ,

    While I’m sure others here with experience in these type of property’s will be able to help you more than myself , I would rather buy a slightly older unit in Bundoora. Something that actually has a real market value(Already built). There are a ton of threads on here regarding the risks with off the plan purchases , student…[Read more]

  • Bradw82 replied to the topic Finance question in the forum Finance 13 years ago

    Hi Richard ,

    Thanks again for the feedback !! I Really do appreciated to get such timely and smart advise.

    Will speak to the mortgage broker tomorrow and see where we are at .

    Brad

  • Bradw82 replied to the topic Finance question in the forum Finance 13 years ago

    Thanks Richard,The reason we went with Liberty is because we did previously have a bad credit file . Since then , all our listings have been deleted and we now have only our current home loan for our block of land  , plus  the liberty finance in each of our names.Some numbers if this helps ;Income – $105k between us Land loan – $120k ( joint na…[Read more]

  • Bradw82 replied to the topic Finance question in the forum Finance 13 years ago

    Thanks again for the advise Richard ,

    I feel that I am sounding somewhat confusing in regards to my intentions .

    Basically the plan was to fix the car loan situation first by way of personal loan thus reducing payments ,
    We would then apply for construction loan,
    Once the construction was finished and we have tenants in place we would then try…[Read more]

  • Bradw82 replied to the topic Finance question in the forum Finance 13 years ago

    Hi Richard,

    Thank you for the reply !! There is a ” little” bit of equity in the land but we are planning on using that for IP 2 very soon after completion of the construction . I think I will go ahead and look at CUA for the personal loan as they appear to have the lowest rates at 12.99 % .

    Brad

  • Bradw82 replied to the topic Fencing laws victoria in the forum General Property 13 years, 1 month ago

    Thanks everyone for your input !

    I think as JP has advised , its best for us to do the fences once I obtain further quotes and use that as an advantage to the buyer in return for a ( hopefully) quick sale with minimal price negotiation on there behalf .

    Thanks again ,

    Brad

  • Bradw82 replied to the topic Fencing laws victoria in the forum General Property 13 years, 1 month ago

    Thanks Sez , I think that’s the best option . I guess we will pay and add it to the sale price .

  • Bradw82 replied to the topic Fixed v Variable in the forum Finance 13 years, 1 month ago

    Hmmm… what just happened to this topic ???

  • Bradw82 replied to the topic Construction loan advise in the forum Finance 13 years, 1 month ago

    Thanks so much for the comments so far !!

    We will have had this loan for 6 months at the end of October which is when we would plan to re-finance. The loan is with loan star as at the time they offered the best rate for our credit situation. We are fairly confident the valuation would come back at a min of $30k more than we paid considering we…[Read more]

  • Bradw82 replied to the topic Finance on first IP in the forum Finance 14 years, 6 months ago

    Thanks everyone for your replies.I guess my best option here is to save a bit more deposit , look for a non conforming loan and hopefully when I've built a better credit file I can re finance.Qlds007, is it possible for you to give me the name of the lender you wrote about who does the non conforming finance ?Thank you,Brad

Bradw82

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