I think I answered some of the questions-

as I said I used the equity in my own home and I dont necessarily advocate this

and it does depend on the bank or broker you go to as to what they will lend, and yes it is possible to get 100% finance, they are out there.

cheers

I too used the White Knight paint on my kitchen.

clean uncluttered homes cost nothing, and bring more prices, de-personalize.

Negotiate commission with agent, nothing is fixed.

Remove all rubbish, keep grass cut, cover weeds, straw is pretty good as is newspapers

People often like an unpainted (freshly) home, so they feel they can barter the…[Read more]

oh and the daily tele’s money and you section was talking about Robert K’s latest book, you know other peoples good luck stories….

trouble is, they dont tell you the bad luck ones…..LOL

“how on earth do you get a loan”

1) Marry a rich partner, preferrably with one foot somewhere else!

2) try investing other peoples money and hope you don’t get caught out (not advised)

3)get down on your hands and knees and bake cookies for that loaded aunty

4) get power of attorney over someones finances….only joking, but I have seen this…[Read more]

Different loans for different scenarios.
I have I+P loans, but my accountant wanted me to go with IO’s.

I personally prefer to see a reduction in a loan. I wish to hang on for the long term, and I dont need any quick sales or cash injections.

My bank manager was happy with either…wonder why? LOL

I do not dump cash into investment loans, that…[Read more]

Hi Freedom

if we all had a crystal ball……
do some research, pays off in the end.

Cheers

No privacy laws exist for a reason. You have an out, but make sure you add, re bank X as someone else said. I normally list my bank and you have a limited time to do this in.

So long as you are well informed, friendshmmn? there is no friend in business, dont short cut. No matter how good the friendship, things like this can be a killer.

pay the…[Read more]

hi, big ask!

Search the web for real estate, try real estate.com.au or domain.com.au

Personally I buy. Some rent because it gives them more freedom and they arent up for all the associated costs, you must consider your own circumstances.

TAX structure depends on your circumstances, consult a financial advisor or accountant.

Positive cash flow…[Read more]

Hi

I have three loans for investment properties.
I used equity in my own home to fund this.
I also had 100% purchase price PLUS costs, eg solicitors, pest and building reports, stamp duty etc.

However, be warned, your circumstances must be considered, not just serviceability, but other things too.

I went through a bank.
I don’t necessarily…[Read more]

I wouldn’t buy that one. But then again, it would have to be cheaper than builder a one bedder? or even a brick workshop, or garage.

Doesn’t appeal to me.

Cheers

There are more issues than meets the eye.

As for financing problems, they must tell you that really, because banks generally do not provide finance for the likes of retirement places, call it age discrimination….whatever, but I was told there would be problems. (I mentioned this in another post somewhere)
cheers

ps how to i use the faces?

A friend of mine, bought two properties side by side to do a development up the coast, with zoning for 8 units. Excellent fitouts etc in each unit (dont know why really, but they say its a selling point) upper storey units to sell for the higher price as we all would figure.

Fully financed etc, they ran into problems laying foundations, then xmas…[Read more]

slower growth, but faster than elsewhere, slowing down
not boom, just my opinion
elves

I have been to see Margaret and her franchise seminar, some time ago. I was interested in opening a franchise myself, but I pulled out.

The fee they charge, at that time, was quite large and I rather not get into this. I am led to beleive that fees they charge (unless revamped) are available as an ongoing service and not one off and not to be…[Read more]

I couldnt find the thread/messsage so I thought it was removed.

I will add this. There is another web site that offers positive cash flow properties, you have to send details, but I didnt pay any fees,and I get email notification of new properties.

You can check the property register, you can ask area, for instance in this case: Town and…[Read more]

I often find that the costs blow out.
Recent home renovations told me the truth.

I have a friend who is a builder and told me that adding an additional room to my existing house would cost in excess of $60k. I chose not to.

On a block of land, and the desire for an architect home (to live in later) I approached two for “drawings”, one cost…[Read more]

HI

can I add as a previous renter on a sole parent income, I struggled to pay rent. My rent was $165 and this was over 10 years ago. Not much room for food and utilities.

The agent, luckily knew my family and me, and the landlord was agreeable to maintaining rent at that rate, they knew there would be times when I was going to be short or late,…[Read more]

Hi Phil

Its called persistence!
Not sure if the following helps.

I hate mornings, but hate wasting my days, make sense? No? Well I get up because I want to, because if I get what I need to done before a certain time, the rest of the day is all mine!

I start work by 730am, now for me, getting up around 6 or 630am is my time, and I dont ever need…[Read more]

With a good accountant, they will organise a depreciation schedule anyway. As for QS’s, I am led to believe, in order to claim a depreciation, and to get the full benefits on your property, is to have a QS and not just a regular depreciation schedule.

From the comments here, it would appear that opinions differ. Well I have an accountant, and…[Read more]

LOL!

You are the only one with the guts? courage to say anything, but I was thinking the same. Yes I looked, Yes I emailed and yes I thought the same, good earner and only a header so far. No offence to DD for their efforts and agreed research cost time and why shouldn’t someone pay for that?

I would want a receipt in anycase.

You think how…[Read more]