Thanks for the all the input.

I too have decided to walk away from this town.

Great links all of you thanks.

Byronent
Adelaide SA

Advertise, friends, contacts, networking.

Build your own database.

On here.

Lots of places you can try.

Byronent
Adelaide SA

it doesn’t cover for standard vacancy due to end of lease, well mine doesn’t i can assure you

Byronent
Adelaide SA

My only reason for not changing is break costs.

I have one loan in the fine print that charges 8months interest for refinancing and 3months if I sell.

I think it is pure corruption.

I do have a good one to refinance if you are keen to go with that? hahaha, PM me

Byronent
Adelaide SA

is there a limit of assets she can own outside of the family home before the pension is affected?

I know in SA there is threshold you can reach before what you are saying is an issue.

Byronent
Adelaide SA

go to the council websites, you usually can get good info their.

Future shouldn’t cost a thing or very little.

As far as preparing a development application, that can be very costly, depending on what you are doing and who you are using.

Byronent
Adelaide SA

Jamie, I would like to meet an angel or venture capitalist that does deals like this.

All the ones I know are very aggressive and demand very high returns. Property is not usually something they like to fund in my experience.

Byronent
Adelaide SA

Abbee, ask the agents that aren’t selling the property you are buying.

Most towns the agents and property managers do both. Helps with revenue and regular income streams.

If the place currently tenanted? How long does the lease have to run? If it is not tenanted how long has it been empty?

You also may find some places don’t rent cause the…[Read more]

Do you have a solicitor, agent etc over there?

Canada is a big place. ARe you buying up in one area or you buying all over the place.

My attitude to that is go for it. Why wait. Learning is about doing. Just educate enough not to get burnt too badly.

Goodluck

Byronent
Adelaide SA

Groova,

I can tell you the same story, I have a nice portfolio and I am no valuer. I am sure many others can say the same story.

It has nothing to do with the valuer or his skills.

I have seen valuers come in wrong as we all make mistakes.

I had a property, valued by a bank at one figure, only too reject it and have it revalued by another…[Read more]

I would sign it up with another agent and get them to sort it out. I have done this a few times.

The other agent writes requesting release, you may have to sign a form or two but in the end they will eventually hand it over.

Byronent
Adelaide SA

WE bought a house in Broken Hill on credit card.

If the agent lets you then I can’t see why not.

Banks shouldn’t mind it as they earn a fee for service from teh merchant, ie: Real Estate Agent.

You may get an agent who wants to charge you the fee, but you can push it so he charges his clients.

The house we bought cost just over…[Read more]

Expensive but worth a try.

I would just right off my losses and call it a lesson learnt.

Byronent
Adelaide SA

do you know anyone that works in the council.

Byronent
Adelaide SA

you can borrow people’s money for interest.

you won’t be able to advertise without a licence.

Byronent
Adelaide SA

I am intersted in buying them both hahahaha.

My kids would love to say they own them.

Byronent
Adelaide SA

Well done. And so to my point is proven.

They are there if you look

Byronent
Adelaide SA

What do you mean 2% per day?

Byronent
Adelaide SA

Thanks Duckster I am aware of what the term means.

I just didn’t believe this particular property was one.

Byronent
Adelaide SA

Insurance insurance insurance.

It is a beautiful and necessary thing.

Don’t be discouraged. The horror stories are few and far between.

I can also tell you have had one tenant for 7 years and his brother next door in my other property for 6. I have offered to sell them both properties but they are happy renting. They do my lawns at no cost…[Read more]