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  • Profile photo of energy4anarchyenergy4anarchy
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    @energy4anarchy
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    April 14, 2010 - 10:33 am

    Yeah… thats what i was thinking… nothing to be found!!!! I’m ready to buy now – but looks like ill wait… or take a punt into regional areas! I think there are a few people heading further and further out…

    Profile photo of energy4anarchyenergy4anarchy
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    April 14, 2010 - 10:22 am

    I’ve got 3 properties – Narre Warren, Hampton Park and now my PPOR as Berwick…

    I’ve had a great success with each – doing up, keeping and yielding good rent from them… I’m looking to repeat the process – i’m just not really seeing much in the market at the moment… translation – no bargains

    Profile photo of energy4anarchyenergy4anarchy
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    April 14, 2010 - 9:38 am

    Hi Ana,

    Sure thing…

    I’ve had a bit of success buying cheaper/neglected properties in areas where there has been a good growth. I’m in Melbourne myself and ideally i’d love to pick up a property that needs a small bit of work. I’ve bought a place in August 2009, my PPOR, and it was a full Reno – new everything.

    This time round, looking at picking something out there that is a bit simplier – needs a lick of paint, a clean up, the odd thing here there and everwhere and then put tenants straight in. Trying to get it cheap, for a bit of capital growth but definently want tenants /keep it it for a minimum of 2 years.

    Regards
    John

    Profile photo of energy4anarchyenergy4anarchy
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    March 31, 2010 - 9:26 am

    Wesuck… Nice one!
    Okay, i believe with both my “fixed” rates have break fees around 5-10k to do so???
    Id be rehappy to refinance etc… can you PM or reply and let me know what options you think would work?
    Regards
    JR

    Profile photo of energy4anarchyenergy4anarchy
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    March 31, 2010 - 8:20 am

    Hi Richard,
    Yes, i believe the Westpacs are cross collatarized (i know you don’t like this based on your other posts).

    I don’t really want to have LOC’s for deposits, other loans etc for the remainder as personally, just right now its a bit messy for me.

    What i’m really looking at is a bank that might look at me, see i’m servicing 3 loans and give me full finance

    Regards

    JR

    Profile photo of energy4anarchyenergy4anarchy
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    July 1, 2009 - 2:31 am

    Thanks St George Dragon…

    My question is though that i actually don't want to use it for other investing… i want it as "cash" sitting there in case i need to buy a car, go on holiday etc…

    In other words, i'd preferably use my own cash to do these things as they arise… but from time to time i wouldn't mind having access to funds at a good interest rate such as the mortgage simplifier.

    So i need to find out… a) if i move money back and forth (say spend 5k of the 20k, then 2 weeks later, repay the 5k, so the balance is still 20k) – will there be a fee?

    If i do the above, say all the time over the 30 years, what fees?

    To discharge the loan – say, the balance is still 20k (I havent touched it) but then want to close it – what fees etc?

    I initially thought it was as simple as having 20k sitting there to be redrawn, get charged interest on what you've used, nothing if you dont

    Regards

    Profile photo of energy4anarchyenergy4anarchy
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    June 29, 2009 - 3:28 am

    Keiko…

    Good luck to you – but what i'm saying is that often people think its a simple process… and its not!

    First off 7mX5 isn't a standard size. They usually come as 24 sheet posters (6×3's) or Supersites (12X3's). Anything outside of this is a speciality that the advertising companies sell.

    So with that said, just like a 15 or 30 second Tv/Radio commercial, or a Column Per Inch Newspaper ad… they all come in set sizes/shapes/forms etc … so as to try and foramlize what would other wise be an adhoc industry.

    To begin with… by you having 7m X 5m… you're going to need the printing done in welds… meaning – 99% of large format printers print to a width of 3m… To go larger – they call them welds – but its a join.

    For that sort of production you'd be looking at around $1500-$2000k. You'd also need it installed etc. You'd also need it designed and so on…

    Then – you've got to justify it to the market. Sure, 30,000 cars go pass everyday, but where were are the statistics to prove it. Hell, 50k cars might go past but again – its got to have value.

    For some reason, people see billboards and go "Oh, i can do that". And sure, anything in life is possible – but people think "Oh, i can create something cheap and then rent it for heaps"… they don't go "Oh i can create a newspaper, or Oh i can open my own TV Station"…

    So for that very reason – the amount of available advertising on Billboards is ridiculouse at the moment!

    Anyway mate – create your canvas and good luck to you

    Profile photo of energy4anarchyenergy4anarchy
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    June 22, 2009 - 5:45 am

    Hi Guys,

    Not to sure in the industry has given any advice on this – but i can shed some light as i currently am the National Marketing Manager for a Billboard company with billboards across all states (Excluding Darwin)!

    To make a long story short – people see billboards and think… "I can do that".

    Its not rocket science but the biggest obstacle is finding a client to advertise.

    Because everybody has the "I can do that" attitude with the billboards, finding a client who is going to part with $$$ really needs to see the value in doing so. They need to be local, know the exposure in the area etc and then they're going to want it for next to nothing!

    Remember – their is soooo much advertising out there. Newspapers, Billboards, Print, Radio, Flyers, TV and blah blah -…. while you might have a great position – it has to have a ROI for the advertiser.

    If you have a business, you'd be better off offering it complimentary or as added value to anyone you have a relationship with. Say a contractor, or a client… you'll get more for it out of the long run!

    As for door knocking on places and asking them to advertise on the side of your wall… just won't happen!

    Sorry – its just too competitive of a market for any old joe to do this. If you do have a place that has the WOW factor, you might be able to…

    As for Ad Agencies…no way! They deal with professional media suppliers…. not just the big brands (Nine, Seven, Fairfax etc), but they deal with businesses. You've got to really know how the industry works….

    You can't just call up Mitchells (Largest media buyer in Oz) and say, hey, i've got the side of a wall free out in X suburb….

    They just won't even consider it!

    Good luck

    Profile photo of energy4anarchyenergy4anarchy
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    June 5, 2009 - 7:37 am

    Thanks Guys for your replies… you all seem very knowledgeable!

    I should clarify a couple of things… First off, this is in Victoria!

    Secondly – i didnt mean "discount" in fees from Westpac (I wish)… i was referring to government fees and in particular, the Stamp Duty.

    I should also clarify that while i have purchased my previous two properties as a single, this 3rd property will be in mine and my partners name on the title. So for her, its her very first place.

    My conveyancer sent me a document to sign, i forget exactly what it was called, but it was something about a concession as this place will by my principle place of residence. I had never seen it before and he said it was new i think, from May last year onwards or something?

    I filled it out and my partner had another one to fill out seperatly, as her form was in relation to being on a Health Care Card.

    My partner, who is on NO OTHER titles and this is her first place, is on a health care card. He informed me that she will receive an exemption. He said something about setting it up as "Tenants in common" or something. Being that i'll pay stamp duty on my part, she'll not on hers. So if stamp duty is 11k for example, its kind of split down the middle, $5500 each… but where i get a reduction of about $700 as its my PPR and because its her 1st place and because she has a Health Care Card, she gets a complete or majority exemption.

    So, it should reduce OUR stampduty by 50% or there abouts?

    http://www.dhs.vic.gov.au/concessions/entitlements/view-all/rates-and-property/stamp-duty

    That's why i'm trying to figure out if i'll be paying $298k on settlement, or if i'll be paying around the $293 mark?

    Which one of you experts can help?? :)

    http://www.dhs.vic.gov.au/concessions/entitlements/view-all/rates-and-property/stamp-duty

Viewing 9 posts - 21 through 29 (of 29 total)
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