China's the key for the time being. It's in all sorts of bother and deteriorating much faster than most realise and many pundits are willing to admit. It's the only growth driver in an otherwise struggling global economic landscape. China's demand is about the only thing holding the big economies together at the moment. While…[Read more]
It appears that it comes down to how good the individual inspector is (since the company employs many inspectors rather than being a sole operator).
I don't have a specific comment, although I have heard excellent comments about Steve Koelewyn, a Sydney pest inspector, so in lieu of other comments about Inspect My Home specifically, you could…[Read more]
""The 2nd property,I purchased about 4 months ago, more like development potential due to potential rezoning to occur in 2-3 years where I can build 6 units on a block of land, where currently, there is an old house through which i am getting some rent. Any thoughts?""
You talk about the development potential due to possible rezoning of your IP.…[Read more]
I have found a renewed surge of ads from the big Mortgage Broking groups directed towards 'investors' … they all seem to have an investor pack. Maybe I should pick one up.
In all seriousness, I am doing the property apprenticeship and find it very comprehensive as a foundation course. I haven't done CB's course but from what I hear about her…[Read more]
I am currently up to date with the course (was part of the first intake) and I certainly support the course, with one proviso…. you have to be self-driven. I will admit that I have fallen off the notes recently as work, life etc (all the boring stuff we are trying to get away from), has got in the way. Steve will certainly agree that…[Read more]
I also understand that to properly test a smoke detector, synthetic (or real) smoke must be used under it; just trying to work out how to create smoke to test the detectors (unfortunately most of mine are a little too far away from an electrical point to burn some toast under them)!
There are some solicitors who have 'in-house' conveyancers. The conveyancer does all the footwork and you are charged the conveyancer rates. If anything gets sticky or further advice is required, the solicitor comes in to provide that specific advice and you are only charged the solicitor rates for that specific advice
Great comment Minds eye. Just wondering, wouldn't the 10 year average flatten out the shorter year distortions?
Combined with Jacquie's comments at the top of this thread, you could have a fairly good view of the anticipated growth (falling short of a crystal ball )
Could you please explain about reborrowing by setting up a new loan.
I am aware that once I take the money out of the offset, the home loan increases. I took this as a cost of starting the IP journey until the IPs started revaluing. However thanks for the information that this money wouldn't be treated as…[Read more]
Just wondering about the other way. I am holding money in my PPOR offset account, which is currently reducing my PPOR loan until I use it down the track as a deposit for further IPs/investments. Since this money is in my PPOR offset, I assume it is simply called 'savings' and can be used as I like
In 2011, I may not have been ready to absorb all the info I'm sure you would have passed on, but if it was today, I would have jumped at the chance! It would be great to talk with people, walk through projects etc and see on the ground what is being chosen, why, what calculations are done (and more importantly the magic figures) etc. Will…[Read more]
Many thanks for your knowledge and comments here Catalyst.
Your comments have made me think that I need to be your shadow for a while…. (ok possibly joking, but behind every joke there is a serious side…. great way to learn is to follow someone who is successfully doing it!)
Appreciate the comments. My accountant has recommended a QS report and I called BMT a little while ago. After giving them the property address, they still appeared keen to go ahead so we'll see the outcome.