Hi ye all

Looks like I have to beg and borrow funds from family/friends and pay int of 10-20%, billfromoz your rite my plan is to on sell as the time nears to completion 2006 and yes this is to pay for deposit bond. Got no credit card, not very good credit history at the mo, paying off debts one more year to go, doesn’t sound very good does it?…[Read more]

Thank you mel your so helpful and yes I prefer to sell than have to settle, sorry if I sound dumb but are u able to borrow against an OTP unit say 6 months or a year before completion????.

clownsta

When you onsell the property before completion, be aware that you will not see any of your profit until settlement!! We have one that we put on the…[Read more]

Thanks for your replies much appreciated.

bribie

Thanks for sharing your experience and knowledge unfortunately I dont have Steves book to read and I’m sorry I don’t know what u mean by the 11 sec rule???, dont have a credit card to purchase book on line, does anyone know if it is on sale at the bookstores? I live in Sydney.

Mortage Hunter

Just sent you an email, and thanks to all for your help………….. and so glad to read your comments

Scremin, yep found it will send for personal credit file.[?][?][?]

Cheers!

Scremin, yep found it will send for personal credit file.[?][?][?]

Cheers!

Thanks for your views, can you recommend any brokers to contact, I live in Parramatta Sydney.

Harold thanks for your reply, and yes they do have glossy brochures and slick advertising, with sky rise 400 units and very unique balcony structure etc, massive views, but can explain what fat margins are? cheers.

I take it this is a MUD. Multi Unit development

You really need to think of how infact this thing will appreciate in capital…[Read more]

Harold, thanks for your reply, and yes the developers do have glossy brochures and slick advertising can you explain what fat margins are? please.

I take it this is a MUD. Multi Unit development

You really need to think of how infact this thing will appreciate in capital gain.

How many units in the building? How many building of a similar kind…[Read more]

quote:terryw, thanks for your thoughts, good advice, dunno any accountant here who knows me long enough, i from kiwi land, oh now i know what deposit bond is, derr, still learning and watching tho, yeah three years of positive thinking is a long time, and who knows what will happen, this is the risk i suppose, and would like to onsell dont mind…

[Read more]

calron, thanks for your reply, and yes its hard for me to get the ten percent, or twenty percent deposit, at the mo,dunno where or who to see rite now, havent much time……….or some good advice tho, points taken.

well all you need then is the deposit 10%, be it in the form cash, deposit bond (insurance company) or bank guarantee (bank).

You…[Read more]

Hey Calron

Got no assets here renting at the mo, would like some ideas on how to put “long term settlement” plan from bank in place, I think thats what you call it, hoping to buy to flick and reinvest in some other propertys, any suggestions are welcome,

Clownsta

Gidday Richmond

This off the plan is to be launched this Saturday, apartments being built in Queensland, lowest purchase price 223,000.00 plus??? completion date 2006, need 1 percent to secure, this is refundable, 10 per cent dep due within 14 days from launch, looking for capital gains with this investment, hope to sell before settlement date…[Read more]