I fully understand what you are saying Richard and that is why I was surprised when told this information. Apart from an LOC can you think of any other reasons or ways this may have been accepted/done?

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When this forum first started there were a couple of members who had a race to see what happens when they reached 1000 posts. I can’t remember who it was but it did add a bit of fun with some strange posts. To the best of my memory Terry may have ben the first member to reach 1000 legitimite posts.

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Hi Richard, I know that has been the position for a few years but recently I was in contact with someone who had taken out a loan with one of the banks mentioned to buy 2 IP’s. One in each country and both on the same loan. The bank accepted rental returns expected from both properties. I haven’t had the chance to find out how it was exactly…[Read more]

Outrigger is coming to Darwin for anyone interested in these type of units. When it comes to service apartments and motel units 1) do a good check on who is managing the property. 2) ask for a copy of the minutes to check if there are any future works plan, 3) try to contact people who already have units, 4) do a check on how many have been sold…[Read more]

Don’t know if the prices will go up, but 2 rooms in a property approximately 50 minutes from the city semi rural area has just been booked for 2 weeks at $3600. No meals provided but pick up and drop off to the nearest tramstop is.

If you have any spare rooms now is the time to advertise.

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Kiwiduvet, If the bank in mention is set up in the country you wish to buy in then I can’t see why they would have any problems ‘reclaiming assests’. ANZ and National are both set up in Japan and don’t appear on the verge of bankruptcy.

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sorry for jumping off the original topic but, the number 4 is pronounced shi (she) in Japanese and is the same phonetic pronunciation as the word for death. Sometimes the number 9 has the same problem because the phonetic pronunciation means hard or difficult.(japanese baseballers don’t normally wear 4, 44 or 49, these numbers are reserved or…[Read more]

Also be careful of the insurance you get. Insurance companies will also look for excuses to knock back your claims. They are not always the answer for bad tenants who cause damage.

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Real Estate Institute of Western Australia (REIWA)

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You need to consider your ability to the service the loan if something goes wrong. I’m no expert on the finance side of things but if you have 100K I would consider 50K down on 2 +cashflow properties instead of 100K on 1 property. There are other on this site that can give you good advice. Just hang in there untl the advice comes. In the mean…[Read more]

Sorry one-step, Perth is not my area of expertise. How did you arrive at your figure of 300K?

It may just be a computer gliche. Have you tried shutting down your comp and starting again. It sounds more like a problem with your comp than the actual site. Also what anti virus check are you using and when was it last updated?

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Hi Doncossack, Did CBA know the money was for an O/S property and did they take any security over the property?
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Hi one-step. Are you a new player in Perth or in Investing? If it is in investing then I would suggest 2-3 slightly cheaper properties to get you started without having all your eggs in the one basket.

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Have you considered marketing the property yourself and when someone contacts you refer them on to the agent.

In regards to agents there are quite a few good ones out there. Most of the agents I deal with know what I like and only contact me when they think the property suits my taste. They know sometimes I will buy and sometimes I dont and…[Read more]

Which other country you in Dazz? Petrol here in Japan is about $1.40-$1.50 Australian. Was in Australia during August and enjoyed the cheap prices only $1.20. If I could find a cheap Harley here I would buy it and take it back to Oz but there to expensive in Japan.

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Hi ET you might be able to try this one. Refinace your o/s property with an Australian bank in that country. This was recently suggested to me when when I looked at buying a +cashflow IP in Japan and wanted to have the rent used as declared income for buying another IP in Australia. I didn’t go through with the deal so don’t know if it would…[Read more]

One area that may have been overlooked by some people is how experienced the mentors may be at mentoring. I read on this thread some people think that an hour a week is not enough to be mentored and that may be so for some, but a good experienced mentor will know what each individual requires and how best to mentor that person. A mentor is not…[Read more]

6 Cars and 3 bikes

As I live in 2 countries we need cars and bikes in both, and I prefer four wheel drives (4WD).

Overseas we have, 98 Mitsubushi Delica Space Gear 4WD, 95 Honda today, 91 Daihatsu 4wd van, 96 Honda steed 400cc(motor bike)

Here, 96 Mitsubishi Space gear 4WD(self imported), 88 Toyota Troop carrier 4WD, 92 Lada niva 4WD(stop…[Read more]

Dazzling, I though I had a good relationship with the nightmare bank, but they just ended up being more trouble than what they were worth. the staff have actually contacted me a few times to see if I would be interested in coming back but unfortunately I cant see it happening in the near future.

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