Forum Replies Created
Thanks guys for your input, have been reading a few more posts bought some stuff to educate myself a bit more.
I now know how and where I am going to start .Caitlyn
Hi every one,
Just read all the posts on Mandurah very interesting.
I would like to add my bit now.
I have lived here all my life, born in Pinjarra only because Mandurah didn’t have a hospital.
My family are local Identities of Mandurah with streets named after them.
I would never consider leaving here as I love it.Regarding the smell, occasisonally there might be a smell coming from Nairns, but very rare.
No you won’t find any positive cash flow properties here but what’s wrong with huge capital growth
Look what we have to offer
canals
acreage
lakes
rivers
estuary
ocean
marina
world class golf clubs
And all of this with in a 20 minuet or less drive from each other and the lifestyle is just out of this worldZen talked about properties doubling in the last 2 years
Just an example one of the blocks we just bought has gone up $30,000 and it isn’t settling until next month.
This isn’t just an isolated incident this is what is happening in Mandurah at the moment and I can’t see it slowing down as we still have the railway and freeway to come to us yet.So many people live in Mandurah and work in Perth why wouldn’t you when you have such a fantastic lifestyle here and a hours drive away is Perth where alot of people work
One of our investments properties has such a person.I still believe Mandurah is hugely undervalued for what we have.
Six and a half years ago I read Rich Dad Poor Dad and one of Jan Somers books and realised I had to get into property.
As I wanted more knowledge of learning about property I became a Real Estate Rep.
Yes I made alot of money but it’s never been about that it’s all about the knowledge and then using that knowledge to make money, but the way I think is the sharing of that knowledge with other people like all of you do, helping people better themselves.
Yes I am a Real Estate rep but I will not sell a property to a buyer unless I believe in it.
I am mentoring a few people now in Wealth Creation and I love doing it , seeing people create a better lifestyle for themselves is the best satisfaction a person can receive.If any one is interested in finding out about more on Mandurah please feel free to ring me on 95502050 or send me an e-mail on [email protected]
Regards
MoyaThanks guys for all your in put.
What about another idea
We buy more properties with our son
He earns $75,000 year in the mines, has his own home mortgage of $165,000 worth $240,000
Has a property with us mortgage $190,000 Worth $280,000 Rent being paid $225.00 week.How would that work
CaitlynThanks Eric for your advise
I think this is what it boils down to but when we get it at a stable situation then they want 2 or 3 years figures and as we are in 50’s we dont want to wait that long till we have to buy
Any more suggestions
Up date on non settlement
Thanks for everyone input its been great.
We ended up selling the house for $10,000 more also bought most of our furniture for another $16,0000,they are really nice people.
We are still taking the other people to court, not for the money but so they don’t do it again and tell other people they got away with it then our whole system over here is stuffed.
I will keep you posted on the outcomeCheers Caitlyn
Thanks Guys,
As the deal was unconditional they have to prove they couldn’t get finance or at least try. They are blaming the broker saying he wasn’t working for them.
They told us verbally they had finance before finance was due when they came to measure up for there furniture.
They couldn’t come up with the full amount so we offered vendor finance they declined.
I did speak to the solicitor and he has to be careful what he writes so it doesn’t look like he is blackmailing them
They know it is costing us alot of money at the moment because we told them, they are hoping we will just cut our loses but we can’t afford to and we are in the right.We don’t want to go to court.
They did offer us verbally $24,000 to get out of the contact paying us when their house settles but who’s to say their house is going to settle ours didn’t.I know its tricky but we are just waiting the 3 weeks then put the house on the market and think what we are going to do with them
Thanks again all the information is food for thought
Cheers
CaitlynThank-you for your suggestion markpatric
These people have 3 houses they have just sold their own home which they got around $700,000 for and it settles end next month.
So I say they are asset rich.
The track we are going down is:-
In a couple of weeks the house goes back on the market
When there is a offer I have to contact the solicitor to see if it is ok, if any short-fall they have to pay the difference.
They have to pay interest of around $200.00 a day until it settles
Any out of pocket costs to us they have to pay
Any solicitors fees on our side they also have to payI don’t want it to be drawn out and nasty, I just want what it has cost us.
I think once the house is sold again then we will know where we stand on how much we will loose if any.Thanks every-one for your advice its been great
I’m just a bit nervous about it all
Cheers Caitlyn
Hi terryw
Sue them for the full 10% deposit.
Can I do that?Cheers Caitlyn
Hi Terryw,
Yes I only meant $4000 deposit.
In Western Australia for some reason we don’t have to pay 10% deposit. Any amount is okCaitlyn
Thanks Steve and Mel for your reply
I am a real estate rep. The deal was a conjunct with another agency.
Every thing was unconditional. All the papers were signed even transfer of land by the puchasers. Then they said they couldn’t get finance. They have 3 properties, there own home has just sold for over $700,000 ( they bought our house for $830,000) and one other property is on the market.
What we are doing on Monday is issueing them a default notice, 10 business days to come up with the goods in the meantime $204.00 a day in interest will have to be paid by them we keep the deposit it’s only $4000 the house goes back on the market any shortfall they have to come up with plus we can sue for costs as we have already moved out of the house before we knew. Once the house gets sod again we may look at the situation as I dont want to go through all the hassel.I really thik it wasn’t that they couldn’t get finance but just couldn’t afford and are just trying to get out of itCaitlyn
Hi melanie,
We are thinking of doing what you are selling our house and with the 500,000.00 equity buy a run down property in a fairly good area live in it for a year to beat capital gains sell it, and in the meantime be looking around to find p+ properties. We are also buying a block of land which we will build are last home on.(We are in our 50s Moya
