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Captain M

  • Captain M replied to the topic IP-6 weeks and still no tenant in the forum Help Needed! 14 years, 4 months ago

    Yes I agree, the pictures could be done better, they were taken late in the evening.  Getting new pictures today.  We do have curtains in the front room but don't think the pictures show them properly. 

  • Captain M replied to the topic IP-6 weeks and still no tenant in the forum Help Needed! 14 years, 4 months ago

    amaljaya wrote:
    According the SQM Research vacancy rate in the area is 0.5%. This is extremely low vacancy rate compare to some other areas and it's amazing you cannot get a tenant. Seems like the data in these web sites are questionable. This scares me to buy in area with high vacancy rates.

    Yes I wouldn’t trust these figures that much.…[Read more]

  • Captain M replied to the topic IP-6 weeks and still no tenant in the forum Help Needed! 14 years, 4 months ago

    Thank you all for your valuable information.
    I am getting the fence done and the boggy front garden fixed, with some top soil and grass seeds. For someone looking in from out the front street, the house will look much more inviting.

    I will also show up at the open house times and get my sister to do some mystery shopping on the agent. Will also…[Read more]

  • Captain M replied to the topic IP-6 weeks and still no tenant in the forum Help Needed! 14 years, 4 months ago

    No dishwasher or AC. Yes that is true, a secure front yard would appeal to families with children. Pets are fine. The agent has the open houses scheduled for Thursdays and Saturdays around mid-day. He keeps telling me that no one turned up for inspections. Not sure if hes actually there for them!

  • Captain M replied to the topic Loan Structure in the forum Help Needed! 14 years, 8 months ago

    I’m currently with Bank West for my ppor, and ING bank for my IP. Not sure how flexible they are with getting a split setup for my IP. We have already been approved for the NAB package, so the serviceability is not an issue.

  • Captain M replied to the topic Loan Structure in the forum Thanks Terry for your 14 years, 8 months ago

    Thanks Terry for your unbiased and honest opinions.  I have been to two separate mortgage brokers. The 1st one, suggested I refinance and move to the ANZ package, and pay LMI at the time.  And the latest broker is suggesting refinancing and moving to the NAB package.  From a brokers point of view, I guess its much easier and better for them to wr…[Read more]

  • Captain M replied to the topic Loan Structure in the forum Help Needed! 14 years, 8 months ago

    Thanks Terry for that info, I did not know about splitting loans. So how does one go about setting up a split?  Get the new valuation report, and tell the bank that hey the house is now worth more, so I want to keep the existing loan, and the get the rest as a split upto 80% of the value of the new valuation? Can I keep my existing loan and ask…[Read more]

  • Captain M replied to the topic Loan Structure in the forum Help Needed! 14 years, 8 months ago

    Maybe I wasn't clear, My IPs outstanding loan balance is 230k, and via the broker it got it revalued at 370k and my PPOR has loan balance of 437k and got valued at 560k.  So together if I refinance I will have access to equity of about 64k (without paying LMI).  I cant set up a split can I, when I don't have access to that equity in my loan a…[Read more]

  • Captain M replied to the topic Median Price Charts for Real Estate in Australia & New Zealand in the forum Help Needed! 17 years, 1 month ago

    Hi TimothyHave a look at http://www.domain.com.au/They have a suburb profile section from the main menu tabs. You can access the median price info from there.

  • Captain M replied to the topic Landlords insurance 2 good 2 be true? in the forum Help Needed! 17 years, 8 months ago

    Originally posted by r@50:
    im about to settle on a few regional properties and need to look into landlord insurance.

    how much do they typically cost pa.

    cheers
    mark

    It really depends on the location of the property, and the what kind of locks/alarms are fitted in your property. For my investment property in the Northern suburbs in melbourne, I…[Read more]

Captain M

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