Tomtkb,

Are you saying that a basic house would cost $260K to build or does this include what you paid for the land?

Todd Burns
http://www.freepropertyhelp.com.au

Yes, good suggestion.

Todd Burns
http://www.freepropertyhelp.com.au

Hi Suzie,

If I was going to sell privately I would get decent looking sign out the front as a priority. The people that are most likley to pay the most for you property are the ones that go driving around the streets looking in the area where they REALLY want to live. They will generally pay more becasue it’s more of an emotional decision rather…[Read more]

There was no LMI in my case because 20% was covered by equity.

Todd Burns
http://www.freepropertyhelp.com.au

Hi Tamtam,

Click on this link fir Info on titles-

http://www.echoice.com.au/servlet/HomeLoanInfo?pn=/homebuyercentre/findrighthome/typestitle.html

Todd Burns
http://www.freepropertyhelp.com.au

Hello again tamtam,

Our first loan was 106% of the purchase price of the investment property (which gave us enough to cover related purchase costs). We used equity from our owner occupied house so there was effectively nothing out my own pocket and we got maximum tax advantages from the loan interest. This gave us a great start.

Your…[Read more]

Hi Ellie,

I have not purchased a boarding house but I have put a fair bit of research into them and I experienced difficulties in getting loans for them too.

I personally would not like to manage one myself because they can be very time consuming (form what I have heard from others).

You should also make sure the boarding arrangement is…[Read more]

Hi Sand,

Lock up stage is basically where the property is built to the point that it has the roof, walls, windows, doors, floors but none of the inside fit-out. You will probably find that each builder has a bit of a different idea of what should be included in the lock up stage.

I’ve had a Tamawood spec home before and they’re OK for the…[Read more]

Hi Sand,

I can give you the contact details of my builder. He has won Master Builder Awards and has his own team of tradesman. He built a very nice 4 x bedroom house for me in Northlakes Estate, Mango Hill. I didn’t have a single problem through whole process. He is a legend. Not sure how far up the coast he would go from Narangbah, but you…[Read more]

Mr Simba,

If the agent is desperate for an offer, why don’t you just submit a really low one. You are not revealing your upper limit if you go in really low. In this sort of situation I would do a RP data or property value.com search to find out what the property sold for previously and what it owes the current vendor. This would give you a…[Read more]

Hi Tomtkb,

What is the tenancy situation at the moment and how attractive are rents? At least if you build and get a tenant you will have some incoming cash to support your debt (I am assuming you have a mortgage). If you are worried about over capitalising just build something basic.

Todd Burns
http://www.freepropertyhelp.com.au

Hi Suzie,

It’s me again. I just wanted to ask- Has the agent got a good sales track record becasue he achieves the best price possible for the vendor or because he sells lots of properties? If he sells lots of properties it could be because he is good at lead generation and downward price conditioning which it turn gets quick high volume…[Read more]

Hi Suzie,

This agent is following a very common lead generation strategy.

I agree with Dr X, make sure you don’t get bitten with an advertising charge.

Also be careful that the agent does not start conditioning you down on price once you have sign an agreement. The common practice is to get you signed up to an agreement by stating a sale price…[Read more]

Hi Tamtam

I have given myself a safety buffer by locking some of my properties into 5 yr fixed interest rates. If you have a couple of good capital growth properties then you should build up some good equity in 5 yrs. There are ways of drawing on that equity later to make sure you have some funds to access for emergencies.

Todd…[Read more]

Hi Tamtam,

I make an offer on a property and then I get the following 4 conditions on the contract as a minimum-

1. Subject to finance
2. Subject to valuation
3. Subject to building and pest Inspection
4. Subject to legal opinion

These give me good options get out of the contract before it goes unconditional.

Before you sign a contract you…[Read more]

Quote: do you think property prices are going to double in 8-10 years?
while the government is trying to restrain wage growth….and make australia competitive

get real

Properties MAXd…

good luck….

hb,

Yes, I do think property prices will double in the next 8 to 10 years and I am buying plenty of properties to take advantage of it. So…[Read more]

Hi Dr.X

I disagree with your statement that the Jenman system does not work in the real world. I just sold a property through a Jenman agent. Because I knew the system well, I made sure the agent followed it.

The property sold for way above what other agents had sold similar properties in the area for.

The extra commission was minimal and was…[Read more]

Hi Anita,

The deal sounds great as long as it is legitimate and the developer doesn’t run away with your money. CF+ property isn’t the only way to invest so if I you can find another way to invest (with minimal risk) why not go for it. Direct investment in a property does offer a lot of safeguards though (compared to the 15% deal that you…[Read more]

Hi Feddo,

I don’t know anything about Mcleod property servcies and they might be legitimate but I am very skeptical about any service that offers to do everything for you.

The danger is that everyone can work together and conspire to rip you off. No-one is independant in this scenario so it can be very risky. This sort of thing was happening a…[Read more]

Hi Brahm,

Yes, I am a dreamer and many of my dreams come true. Think about this… Competition is fierce in the mortgage market now…If the bank is going to lose a mortgage from a valued customer over a $150 valuation, don’t you think there is some leverage there? It’s all about negotiation and being bold enough to ask. Just try not to burn…[Read more]