Hi Kelvin,

I would like a copy of your CoCR calculator please

Take care

Robert

[email protected]

Veni, Vidi, Vici

Dumb, dumb, dumb…[]

We sold an IP last year which was once our PPOR. several years ago I stores some timber under the house and totally forgot about it.[8][] Contract signed, pest inspection… you guessed it!!!
$1300.00 worht of termite eradication
BUMMER

have a great day []

Robert

Veni, Vidi, Vici

Hi folks,

Mainly the so-called “professional” jobs here. Perhaps we are the only ones who can afford a computer[?].
I am a mechanical draftsman by training but I have had many businesses over the last 30+ years. Truckie, gardener, indoor cricket centre, mechanic, three aquarium shops and contract drafting doing house plans and currently designing…[Read more]

Here ya go Swaney. regina’s probably busy signing the next “11 second qualifier” contract[}]

http://www.residex.com.au

Have a great day

Robert

Veni, Vidi, Vici

Hi all,
My wife and I are “baby boomers” but not your cashed-up types. We,ve made several bad property buy and sells over the last twenty or so years. seems we had perfacted the buy-high-sell-low technique. plus a couple of “between-jobs” that the bank hust didn’t understand.
However, we now live in Esk in Qld. It’s a hour and a bit north=east of…[Read more]

It’s a remake of the AMITYville horror is it not?[}]

Veni, Vidi, Vici

Let me guess… you rent it out to the “Flying Wolenders” as a holiday house? Perhaps the country Fire Authority as a mobile tower? Is it Strata Title or Stratospshere Title?
I just knew there was a trick to this game!!!
Great stuff Steve. Just what I needed after a hard day at the J.O.B.

Have a great day

Robert

Veni, Vidi, Vici

You wil most likely find that investors that have a reasonable portfolio will have a mix of properties-houses, units, coommercial, industrial etc.
Loans for commercial/industrial have a lower LVR so you will need more up-front money. They can have their upside as explained above
I think it would be wise to at least look into these types of…[Read more]

Hi all,
It almost appears to be another type of phobia-this real fear that the majority of people have of someone doing better than they are. I sometimes think that one has to actually lose something that has a significant dollar value-be it through bad luck or bad management-before they come to the realisation that if they did it differently next…[Read more]

The lender’s break costs could have a bearing on your decision also. Not too many lenders around with zero BC’s on fixed interest.

Veni, Vidi, Vici

Having built and renovated the odd house or two in the last twenty years I’m a bit the cost of the house versus the cost of maintenance. The dearer ones generally cost more to maintain and the workmanship is not necessarily better. If the cheapie is starting to frey at the edges it’s generally easier to offload.
As Steve and most other “Gurus”…[Read more]

Hi Mini,

Thanks for the “full disclosure” to my question. If we tried full DD before signing a conditional contract in Oz at the moment, we wouldn’t even get the paperwork out of the file before someone else had a contract on it I think I’ll go into business printing those little “Under Contract” sticker…I’ll be a rich man[]

Have a great…[Read more]

Hi Mini,

Interesting statement you make saying you present your offer THEN do you due diligence. How do you structure your special condidtions to give you an out if you DD doesn’t come up to scratch and you want out?

have a great day
Robert

Veni, Vidi, Vici

Hi Davide,

Sometimes the “Oldies” are more structurally sound than the newer stuff.
I guess the “11 second solution” and your due diligence will take care of your decision irrespective of it’s age-gut feelings apart.

Have a great day

Robert

Veni, Vidi, Vici

Hi Motivated,

My wife and I lived in Loganlea for seven years until last year. I know a bit about the area including Beenleigh/Tanah Merah/Eagleby. Perhaps you could have a chat with the Principal of PRD Realty-Geoff Kerkow. I had some dealings with him whilst in real estate myself. He’s a genuine guy and should be able to assist you. It can be a…[Read more]

Hi Judith

Another point to consider is that, in many instances, it’s the real estate stake holder that insists on a deposit at least large enough to cover his/her commission. Also, the legal profession also likes to see a substantial deposit to dissuade purchasers from opting out. “Hurt Money” I think is the term for it.

Have a great…[Read more]

Hi Folks,

Just joined the forum. So much to digest!!! Brilliant![]

If you are indeed from Qld then might I recommend Terry Ford of Howe, Ford and Boxer (32861322) Accountants and David Grant of David Grant & Associates (54261333). Both very switched on, no-nonsense professionals.

Have a great day,

Robert

quote:

Veni, Vidi, Vici