I haven’t been on the forum frolic forum before, but I enjoy it. I really like this story Chan and your other jokes are fun as well! Must find the time to come here more often!!![^]
What about a guy (this was also on TV a while ago) who has the ‘problem’ of sleepwalking all night. During these sleepwalking periods he would thoroughly clean the house, like in scrubbing the kitchen and bathroom etc. Hehe you could just leave the dishes and never clean, coz this would all be magically been done during Mr Sheen’s nightly episodes. He wouldn’t remember any of it the next day.
How about some guy with the same ‘problem’ (I dunno why they called it a problem[}])
Personally I like the thought of just using one agent to sell a house.
If there are several agents trying to sell your house, they all are competing for the commission. They probably won’t care much about getting the best price for you …as long as they are the first one getting a buyer to sign the contract.
It’s not only about finding a buyer (any buyer) but the buyer who is willing to pay the best price.[]
Hi Mel, well you seem to have everything worked out, finances etc.
I think it is a great opportunity for you to get into the Sydney market since you really like to anyway- this may be your best chance.
As long as you will be able to finance it and service the amount (also after the 1st year), then why not?
May be you’ll have the opportunity in the future to purchase the other 25% as well, you’ll never know what will happen.
You sound as if you would really like to go ahead and I almost feel excited for you!
You have probably worked out all the ‘what ifs’ already.
The worst that could happen is, but not very likely, that prices in Paddington would go down a little for a while but all you loose then is some time- it’s as you say, a very populair area and quite unique. So in the long term it should perform well, I should say.
Why not go ahead and follow your heart.If you want something badly you can make it work.
Hhmmm I know this is not very professional advice just I feel that you really really want to do this but are not 100% sure if you should. It’s a real big amount and this is scary I can imagine!
But it would be a shame if you pass this opportunity only to very much regret it later. Such a great feeling to own a Sydney property in a really good area, I can imagine.
You just have to decide what would be worse/easier for you, personally:
Not go ahead with it and very much regret it later,[8] or
Go ahead and when it doesn’t work out regret the purchase. You may have to sell.[8]
What would be easier for you to cope with?
Of course, it is very much likely to work out like this:
Go ahead and never regret it.[^]
Good luck with your decision, I’m sure after all this thought you will make the right one.[]
Hehe all you have to do is find out who lied.[:o)]
There is an article on Mortgage Brokers in this month’s (no 48) Your Mortgage Magazine. The article is called : “Mortgage Brokers. Shopping for home loans”
It will give you a bit of insight. The amount of lenders they have on their smogasboard can vary a lot.
I have personally dealt with Mortgage Hunter and can say that he’d be up there with the best and has great products! [^]
I wish that everybody who intend to harm anyone else, like terrorist, rapists, and drive-by shooters would just drop dead on the spot before they could take any action.
That the remaining people would get everything they want, that all their wishes were always fulfilled. You name it-you got it. [:X]
You seem disappointed when you think about not going through with this deal. I agree with Melbear.
You like the location and it’s what you want, to me it also seems such a shame to pass this one.
Don’t forget that the rents will go up in time, so is it possible that this deal will become cf+ after a reasonable time?
Let us know what you decide![]
Hi again Simon and Pisces.[]
Just wanted to let you know that your advice was great and I took avantage of your ideas.
I found a property where we do not HAVE to do any work, it’s OK as is and there’s a tenant with a lease till July.
Still the property has potential for adding value, e.g. there’s a driveway but no garage or carport. There’s no pergola or BBQ area in backyard. There’s no frontgate and no plants or shrubs in the front or backyards, just lawn.
So a very basic property, as basic as they come!
We can take a while to make these improvements, then refinance it.[^]
I used the offer template yesterday (Monday) and my offer got accepted YES the first time I tried it out. If all goes well (inspections) this will be my 2nd property finally!
I used to scribble offers on a ripped-off dingy-looking piece of paper, so a lot of improvement I’ve made already LOL[:o)]
Coincidentally, I think this is the same property as I have enquired about a little while ago.
Rates are more like $1500 p/a
Do you realise it is a reno and you need to spend at least $10,000 on it?
Jack’s advice is great do your research based on the suggestions he gave. If the numbers still work for you, and you’re happy with the research results, then you can feel at peace when you make your offer.
Good luck!
Beats me, this is the first time I’ve heard of this![:0]
No-one ever asked me for deposits to just make an offer.
Have you asked WHY they want a deposit?[?]
I wonder what the others have to say about this as well!
That’s lame, Brandon, the PM doesn’t seem to have compassion and understanding at all.
I’d demand my spare keys back straight away, let them organise their own set of keys!
They’ve done wrong, and seem disorganised. of course a PM must have a spare set of keys at their office for every property they’re managing.
I’s also let the owner know how badly the PM handled this case, hopefully they’ll sack them over this issue.
THe PM should have done their job and they didn’t do it. It seems like that this PM is happily charging management fees every week, but doesn’t want to do any work for it. I wouldn’t accept that as the owner!
I know I’m not of any help but can imagine how upset and angry you must feel because of the way the PM treated you.[xx(]
May be it’s an idea just to sit down with the four of you, or other family memebers as well, and do a lot of brainstorming. There must be other ways too to make it a win/win.
E.G. they just rent it off you (and place half or more of their capital into an IP or other investment)
Or somehow rent the units out to each other, so you both can deduct the interest of the loan (I believe this is a legal thing to do). May be with you paying them less rent than they are paying you because they didn’t pay market value, plus perhaps them paying all rates.
I’m sure there are many ways, and better ways than I just thought of (they might be useless I am just giving rough examples) just check with the experts (accountant, solicitor) before you go ahead with any plan so that numbers add up and everything is legal.