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Viewing 8 posts - 1 through 8 (of 8 total)
  • Profile photo of brisbaneJoshbrisbaneJosh
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    March 19, 2011 - 3:26 am

    Thanks you two!

    xdrew thats the website I was looking for!

    Thanks!
    Josh

    Profile photo of brisbaneJoshbrisbaneJosh
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    August 4, 2010 - 11:43 pm

    Thanks CMason and Paul for your prompt responses here!

    It is comforting that both of you to not see this as much of a problem.  I do intend to do use a broker for the loan so am glad they can facilitate the rest of the process! 

    In terms of them getting their solicitor to draft a contract of sale do you know approximately how much this would cost?  I intend to put an offer in at a discount equivalent to the full cost of the agents fees but the owner may reject I on the basis that they would still have to pay extra solicitor costs.  I guess the upside for them is the house is sold quickly without the inconvenience factor!!

    Thanks for this again much appreciated.

    Josh

    Profile photo of brisbaneJoshbrisbaneJosh
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    July 26, 2010 - 6:13 am

    Thanks Matt, 

    Appreciate your detailed commentary here.  There a few newer style townhouses within 5k of the CBD so location wise thats not really an issue however take your points on board re more things can go wrong with townhouses, as that has been in the case with a couple of townhouses I have rented in the past requirring repairs on these things. 

    One thing I am finding with a lot of apartment buildings in Brisbane is the high body corporate fees which has put me off a little. I know there are older type cavity brick apartments with low body corp but am a little concerned about the low depreciation I would be able to claim.  Obviously you should not discount a property on the lack of depreciation benefits but  for some reason I get a gut feeling that townhouses is the way I would like to go……will definitely take into account future repair issues associated with townhouses when making my decisions though.

    Thanks again,

    Josh.

    Profile photo of brisbaneJoshbrisbaneJosh
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    July 26, 2010 - 4:28 am

    Thanks JacM,  was just wanting to make sure I wasnt missing anything significant!

    Josh

    Profile photo of brisbaneJoshbrisbaneJosh
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    July 16, 2010 - 1:35 am

    Click on the create content link.  This will be in the section near the top of this thread under your login name.

    Josh

    Profile photo of brisbaneJoshbrisbaneJosh
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    July 15, 2010 - 11:53 pm

    Great comments PC_Melbourne.  Your approach seems pretty similar to the approach I would like to take!  Certainly a lot of good advice on this thread for Hendrick2.

    Good on you for giving it a go….

    Just a couple of quick questions if you don't mind!

    1) What level of deposit were you putting down for each?
    2) What finance structure did you use?Trust etc?
    3) Were your loans interest only?

    Like yourself have read much over the past few months and would like to hear from people that have only just taken the plunge recently!

    Your help here would be much appreciated :)

    Josh

    Profile photo of brisbaneJoshbrisbaneJosh
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    June 29, 2010 - 7:14 am

    Greg/Richard

    A belated thank you to you both for this information.  Much appreciated and will definitely come in handy.
    Peter

    Profile photo of brisbaneJoshbrisbaneJosh
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    June 14, 2010 - 9:34 am

    Hi Richard,

    Does this harm my ability of trying to borrow for my 2nd property?  If I only put a 10% deposit down for the 1st one will they accept a similar deposit on the 2nd?  I am hoping to make sure the structure I use is scaleable so in future can purchase a new property every say 2 years.  I am also concerned if I put down less of a deposit say 10% instead of 20% this will give me less of an opportunity to negotiate with the bank on a better mortgage terms.  Which again would represent an additional cost of not putting down the additional 10%.  Do the banks differ much in their rates in this circumstance?

    Thanks for your time here!

    Peter

Viewing 8 posts - 1 through 8 (of 8 total)