Lenders will look at your scenario at the point in time you apply for the loan. If you have income enough to service the loan at that point, and everything else stacks up such that you are approved for the loan at that point in time, then what happens after that is your business. Just make sure you can afford the repayments for the new loan. If…[Read more]

Yep, my take on loan term is to go for the longer one but feel free to pay it off quicker as long as the loan allows for this. Thus flexibility is optimised.

Oh wow… I've not spoken with anyone who specialises in vendor finance. Yea, I guess you should be thanking the banks!! I was just looking at your website – do you do stuff in WA?Cheers!

G’day Jen,

Like RHPlanning said, the only way you can build a duplex or similar on a single block is if the planning system allows for it. You can contact your local council to find out how many dwellings can be built on the size land that you are looking at. If they say you can only build one, you can then ask if there is any discussion or plans…[Read more]

G’day Pryrao,

I think it depends on the area too. For example, I live in an area of Perth where subdivisions are common – it’s the exception rather than the rule to go shopping for a house in this area which is not subdivided. Since most other houses that would sell if/when you put it on the market are a similar property type, you will get good…[Read more]

G’day Soohoo,

Other expenses include any building inspection fees, a balancing of council rates payments and termite inspection as well as duckster’s mention of mortgage insurance.

Unfortunately, you can’t use your mortgage to pay for this. The max your loan can be is usually 95% of the property value so you can’t borrow 95% and then ask for a…[Read more]

G’day Alana,

I’ve done similar to this in Perth and it will all come down to what the local council will allow – I’d say this would be the same on the east coast. A good builder should be able to give you a good idea of what council will allow. As for Perth, it’s common to use the same driveway for access to the front AND rear properties; you’ll…[Read more]

So DD, what would you think is a reasonable fee? What services do you offer, for example?
Matt.

Thanks for that!

Talk about time poor… there are just so many opportunities in life to grab and make something of. I think a buyers agent could be a goer at some stage. Do you do the whole process right down to settlement? Or is it more or less just finding the deal that you do?

Cheers!

Work Hard, Play Hard, Rest Hard.

Hi Audrey!

Where do you find buyers agents? I’m about to start the 2nd intake RESULTS programme and want to be able to find deals myself, but I’m not super time rich either! So I’m interested to find out how much buyer’s agents charge, how they charge and how the process works – in 300 words or less!!! *jokes*

Cool…[Read more]