Hi everyoneThanks for your various responses.  Firstly I think that most of thebad things that tend to happen in our society because the culprits know that the victims will 'rationalise' the decision to pursue them against time and economic factors and will generally decide its not worth their while. They know that even though they could get…[Read more]

Thanks for your reply.  I have had mediocre experiences with PM's.  I have a few rental properties (6) and self manage 4 of them with agents managing 2.  To be honest, I spend as much time on the agent-managed properties chasing up the PM's – plus the few times the PM managed units have come up for rent they have been vacant for around a mont…[Read more]

Thanks.  Your comment re the purchaser's financier concerns me – they have obviously made their lending criteria much stricter than it was, and I imagine this may mean they would also not look kindly on vendor's finance.  Does anyone have experience of banks who do/dont like vendor's finance?  Also, is it possible to leave it off the offer do…[Read more]

How is such a sale structured?  Is this legal in WA?Thanks!

Thanks for the response.  I'm guessing the vendor finance would be unsecured (as the bank would want the property as security?)?  How risky is this?

Thankyou all for your advise. We have always obtained finance with the one bank so that we could borrow off the equity for future purposes – I was lead to believe banks won’t lend you money using equity on property that is financed by another bank. Also that by having all lending with one bank we get a discounted interest rate.

I am always…[Read more]

I’d be interested to know how people get the banks to finance the acqusition of greater than 10 properties! Myself and my husband are qualified proffessionals, with combined annual gross income in excess of $400k, we have net equity in our properties of around $1 million (7 properties) and the bank still kicks up a fuss every time we put in an…[Read more]

Also be aware that many banks require a 50% cash deposit for mining town properties – you might get good cashflow from them, but you have to give up a decent chunk of your own cash first!

I am interested in Geraldton property, however my knowledge of the different localities in this area is limited. Could anyone give me a heads up as to the ‘bad areas’ and the ‘good areas’ – eg, where people like to live – areas attracting good quality tenants and buyers, vs areas to avoid?

I started at a Big 4 in 2000 and qualified in early 2003. In my opinion age makes no difference, in fact I think having a few years under your belt will be to your benefit. Myself and the people I started with in 2000 were all aged 20 and had not worked before, having all gone straight to uni from highschool. I look back and think there was a…[Read more]

Hello

I qualified as a CA in 2003 and am currently working in London, where a CA qualification is very highly regarded. The CA program is alot more difficult, but that adds to its prestige, and also ensures you develop skills in core areas which is why employers tend to appreciate candidates who have completed their CA. Although I didnt enjoy…[Read more]