Forum Replies Created
- Originally posted by wealth4life:
Ther are too many brokers around any way – where i live there is 11 brokers and 5 banks on the same road, surley these people must be find it hard to survive – thats why they are giving cash back to get the business …
IMHO
D
more likely to see the banks close down their expensive branches rather than the brokers – hehe – history won’t prove me wrong in this case!!!
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbanehi, not really – council vals are based on unimprove capital value, and are generally averaged over the last three rating periods.
so, generally, they are less than useless for determining current value.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbanehi grant, if its a sale the valuer will walk on broken glass to find the contract of sale, either from the bank or from the agent, solicitor, broker and anyone else if they can.
as Terry said, there is some scope if the lvr is sub 80, and v little scope above with mainstream lenders.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbanehi summer ’06
alternatively you can wait till you sell it and then have it valued ‘as at <insert date>’.
a lot of valuers prefer this as they can use sales which have occured after the actual date but still within reasonable time frames to establish what could be higher figure than what they could justify today.
i’ve used Egan’s in melbourne lots of times for my southern clients, and am happy to keep using them if you know what i mean.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbanehi boomtown, with respect i think you will find that many of Australia’s new ‘talls’ have been extensively marketed off shore.
its probably not a big issue.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbanesix months sounds pretty oddball to me….to borrow your words sooshie.
six days is more like it in most brokers worlds – unless its in the boonies then who knows.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbaneummm, why did you buy this?
the rental market shuns burnt orange bench tops just as much as the buying market does…..ooops sorry, you just bought it….
why…..its like going to a car yard and coming home with a Valiant or a Leyland haha.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker BrisbaneOriginally posted by Pepsi:When is it ok to quit your day job to go into Property Investing Full-Time? I only work part-time and I find it hard to find the time I need to put into looking for deals. Yet if I quit my job, I assume the banks won’t lend me as much as it would decrease my income. I feel as though I’m in a catch 22 situation. Any good ideas??
Pepsi
[rolleyesanim]the time 4 u pepsi troll is now. don’t look back.!.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbanewith minimal discretion we (humble mortgage broker) write 0.7.% off $250k aggregate borrowinigs – btw not blowing my trumpet, do same AND BETTER for many other funders.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbanejust a polite question john_preacher, why do you need st g’s vals?
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker BrisbaneOriginally posted by GeoffBeck:Finding an area with a long history of strong capital growth is and can be very challenging, which posses the question: ‘What techniques and resources do you use to gaining knowledge about a particular area?’
Mine are:
The API (Australian Property Investor) magazine is a great source of facts and figures, plus it doesn’t cost that much. There are a couple of web site I also use, however most charge an arm and a leg to get the stats. One other techniques is keeping abreast with media releases which also builds up the knowledge.So, what are your techniques to gaining this knowledge?
Cheers
GeoffBhistoric strong capital growth = major city – my technique is to ignore anything that isn’t metro and on the eastern side…works for me.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbanedo you really want to spend $20k on a bathroom in a ’60’s flat?? solid gold throne?
you could use these funds to purchase something else – i’m presuming dad isn’t footing the bill for the new shiny bathroom?
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane“……the chairman of the Coalition’s backbench treasury committee, Steven Ciobo, says.
He said the grant should go from $7000 to $15,000….”hehe, the chairman of the Coalition’s backbench treasury commitee…omg, who?
slow news day?
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbanea lot of young singles take on places individually then let out the rooms – meaning they end up paying $10 per week and the other renters (other not so bright young singles) pay the rest of the rent…
i guess as a landlord the market rate is essentially the same whether its for a family or for a single tenant.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker BrisbaneIf land tax is a state legislated tax, surely if you purchase inv prop’s in various states this will help minimise your exposure in each state and therefore minimise your exposure to that states land tax.
not perfect nor a solution for elkam as your portfolio is existing – maybe sell one in vic and buy in another state? maybe the math will work out in the medium/longer term?
its also a nice method of diversification – any thoughts on this?
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker BrisbaneOriginally posted by kessud:Hi Guys n Gals
I have a small problem with my PM. My tenant advised my PM that the shower recess drain was blocked .They promptly contacted me so as to arrange a plumber to fix the problem which i did. Two days after i had it fixed the tenant contacts another staff member in the office and advised the drain is still blocked. She then rings their plumber without my knowledge to fix the drain and then passes invoice to me of $180. Now the problem i have is if they had contacted me i could have sent my plumber back to fix the blockage that i had already payed him to fix. I know it is only a small amount but i dont feel i should have to pay twice to rectify the blockage. Should i just wear the extra cost or stand my ground and not pay.
Any thoughts or suggestions would be appreciated.Cheers
kessudhi kessud – from your post it sounds like the original blockage wasn’t cleared by your plumber – and i agree the PM stuffed up not contacting you so you could send that plumber back out to do the job they should have done in the first place.
naughty PM…you can’t expect too much from them, personally i self manage, and i have lots of clients and associates who do so also, many just list and pay the letting fee then take the management on. Seems to work ok.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker BrisbaneOriginally posted by Mortgage Hunter:Originally posted by brahms:isn’t michael76 one of jarrah’s alter ego’s? and therefore should be ignored.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker BrisbaneLighten up Brahms – these posts don’t do you any credit. You have a lot to give the forum so why not do so?
I checked IP addresses and they are certainly not coming from the same computer. Usually it is obvious to moderators when someone has multiple identities.
All the best,
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
tks Simon, glad you checked that out, i seriously thought this was one of the pseudonym’s confessed by jarrah in an earlier ‘interesting’ thread – obviously not, sincere apologies to the very real michael76 – regards brahms
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbaneyeah, seems to be a flood of pm’s and emails getting around.
(may or may not have been admin approved)
cheersbrahms
Purveyor of Fine Finances
aka Mortgage Broker BrisbaneOriginally posted by EJ2006:We have re-done some figures and taking into account all expenses, the property costs us $95 per week.
We have to decide whether the $95 per week is better invested in our property or in Super. The house is on 541sq m block on a main rd.
It does not need any renovations. It is a fibro house cladded in aluminium which is in good condition but locality not so great.The zoning is CMU12 – Character Mixed Use. Its not feasible to buy land either side because of the way the land was subdivided.
A possibly use could be commercial, but house would have to be pulled down due to lack of parking.
Our property would most likely not increase a lot in value compared to others in Ipswich.
Ella and William
how good is your super?
off topic, FREDDIE2SHOES – interesting points – its nice if you start a new thread, then people who want to discuss know where to go.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker BrisbaneOriginally posted by mumofthree:Perhaps i should’nt, but I read cracker.com.au and the real estate forum there. From time to time I Read the forum – but i do not contribute. It seems to be filled with some alarming stuff – if you beleive it. Some of what they chat about makes me think twice about Property Investing, but you have to laugh at the most outspoken ones, some still rent.
hi mumofthree, me dad of two, plus 2 black cats a schnauzer and a ducati…and mrs brahms (she sometimes checks in…)
i think its safe to say read heaps – listen to everything – and believe nothing…until you prove it correct.
cheers
brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane
