Thanks everyone for your reply's,duckstar- what did you mean when you said this: You probably only need the guarantor to guarantee the required deposit for the loan rather than the whole house.  e.g.  does my brother only use his house for the deposit?? not sure if he has enough money in the house?My plan is to buy, reno, hold – once again is it a…[Read more]

Hi everyone,He is an update on my finances,4,500.00 personal loan (family) – gone20,000.00 CBA (personal loan) – January this year (2007)- 12,000.00 still owing NOW – 3,400.00 owing (cant wait till its gone)6,000.00 GE (personal loan) – paying min amount – next on the list to start paying off5,800.00 GO mastercard – paying min amount – last on the…[Read more]

why don't you just go to council and ask for the owners details, as you need to get in touch with them

Hi everyone,Thanks for the reply;sI got a bad credit rating because the business needed money, got a credit card, and instead of paying of the credit card, when I started University I paid down a personal loan I had.  Get this January 2007 amount owing 12,000.00 now November 2007 3,500.00 and I have also paid off a family loan of 4,500.00 and we…[Read more]

I live in Melbourne and have been to information/ meetings held by Wendy Moore from Affluencia.com.au, there held once a month usually the first Tuesday of every month, its well worth going, It usually costs $50.00 to attend on the night, best of luckregards

Thanks for your reply mortgage hunter,So let me see if I get this right, I pay the min amount on all my bills, the any money left over goes into the smallest debt until it is paid off, then so on and so on. What about general bills eg gas, sec, water, phone. I was thinking of putting them on direct debit each fortnight so I wouldn't have to worry…[Read more]

Hi AllIs there no one out there, that can give advise on this matter.regards

well its me again,the house sold for 201,000.00 and i must say that buy just putting in one offer it has tought  me a lot, thank you for your replies i think now looking at it i was feeling frustrated and wanted something to happen, deep down i know that i am not ready, and now looking at it, i would off been out of my depth, but im going to look…[Read more]

Well I had a look at the property, and I put an offer in 195,250.00 subject to finance of choice. You know everyone talks about the fear factor I would have to say that it was the most scary thing I have done, but exciting at the same time. If the offer is not excepted so be it. It was a good experienceregards

Come on there has to be someone??

Dr.Spock
“you never never know if you never give it a go”

Thanks for all the encouragement,

We will keep you informed every 10 days[cap]

P.Stickels

Hi carpenter, steve suggests that in his masterclass home study pack, that you go to all the agents in the area that you are interested in buying the house, get a list of all the propertys that are for sale and then ask how much the propertys would rent for.
Divide your rent on each property’s price to find out the rental yield for that…[Read more]

Thanks for your replies everyone,
I like the idea of ringing agents in the surrounding area, next on my list, There are 5 property managers in the town, Do you mean ask locals about the PM in the area??? With the vacancy rate in the area, some property’s have a two year lease.

regards

Trish[biggrin]

P.Stickels

Thank you for replying,

I have done some more due diligence and yes it is a regional town population 20000,

yes there is a mining town close by, however the council have just agreed to another 25yrs of operation, no the town is not dying from drought at the moment,

I have contacted more agents and rents in the area for a 4 bedroom rent from…[Read more]

Hi simon

great post, thanks

[specool]

P.Stickels

Hi Mal,

Thanks for advise

regards Trish
[blush2]

P.Stickels