Forum Replies Created
I agree – Westan is the man to talk to. Try also talkin to Muppet – very nice guy from the 5 min convo that we had the other day.
Kind Regards,
George“If You never never ask, you’ll never never know”
Hey Chan – its [glum] but we’ll have to make do. if i find another site through my other guru IT pals – I’ll keep you posted.
Kind Regards,
George“If You never never ask, you’ll never never know”
words of wisdom…i like that…howcome I never had a Professor like that when I was in Uni…[glum]
“If You never never ask, you’ll never never know”
A thousand congratulations…ooops…you already have them…mate you should be [strum] for joy – your up there and hopefully soon – so will we…
“If You never never ask, you’ll never never know”
hehehhehehe[biggrin]…I plan on doing the works fellas…the red carpet…the wine…oh and the autographs – if you guys want them, better gettem now before you have to go through my [medieval]…heheheheh…
here comes some more chan chan, elves and rugby…[oneeyed]
“If You never never ask, you’ll never never know”
many more coming shortly…stay tuned
“If You never never ask, you’ll never never know”
Hi Redwing,
you did very well to find a deal like that. And to find a honeymoon rate at 4.84% is excellent.
I too found a house in SA for $12,000 but it needed alot of maintenance – so you out beat me – Congratulations.
“If You never never ask, you’ll never never know”
thanks for that – but I was planning atrip to Fiji either way for the end of May – so I thought id take a look down there – doesn’t seem too highly that I’ll go anymore – just found out its very expensive to get there and then theres all the expenses…
“If You never never ask, you’ll never never know”
Hey Martine – have you also assesed your risks.
What happens if you don’t get tenants in the property you wish to build. And how long will it take to build this property. Could you make the repaymenst on your property until it it finsihed being built and then until you get tenants in there.
A rule of thumb is to ‘assess the risks and assess the returns and if the returns outweigh the risks – then go for it’
Kind Regards,
George.“If You never never ask, you’ll never never know”
Hi Martine,
congratulations on getting a great deal trippling in value in just 3 months. Well Done!
I would try to keep all loans under one and organising it to have them at the same interest rate. You can do this by having all your loans added to the first. Yes – when you borrow more, you increase your loan – it’s simple ‘physics’.
I also wouldn’t overburden myself by keeping on borrowing more and more equity to buy more property as you said you’re just
‘starting out’. Also be very very very careful as to what the banks advise you – usually is means extra $$$ in their pockets. I would take what they say in writing and go and seek professional advice – show it to your accountant and see how they can help you – but don’t again I say, don’t overburden yourself – it could backfire on you.
The loan manager has to tell you to re-finance and use the property as security because most of them work on sallary plus commissions based upon the amount of loans they make each week. I know one who’s target is giving out loans every week totalling of at least $1.2 million. If they don’t – they get a warning – then there out of a job. Be careful and always get third-party advice.
Kind Regards,
George.“If You never never ask, you’ll never never know”
as the saying goes…three things you should never talk about.
“Religion, Sex and Politics”
“If You never never ask, you’ll never never know”
Hi Matt,
a little bit late but congratulations on those deals – another excuse for you to visit the scenery. I hope the properties Im looking at over there come through succesfull – just waiting to see now.
apparently, there are some great deals going on in the North aswell – you might be interested.
“If You never never ask, you’ll never never know”
thnaks mysta
just two notes:
what do you mean by ‘freehold and not on crown lease’ and ‘back door backhanders’
Thanks
Kind Regards,
George“If You never never ask, you’ll never never know”
I shall indeed keep them coming – in about 10 minutes…
“If You never never ask, you’ll never never know”
Hey Scott,
I will endeavour to investigate it for you with my other IT guru colleages…
Kind Regards,
George.“If You never never ask, you’ll never never know”
do you wnat another…well…im tempted to send you all another joke…
“If You never never ask, you’ll never never know”
ok – i think In understand it now.
the difference is usually a number of factors.
One factor is the population of the town. Another is the number of homes in that town versus the number of Industrial sites of that town. Also, town size. The best way to find out whether it is classed as residential or rurual is to call their local council and ask them what that town is classed as.Hope that helps.
Kind Regards,
George.“If You never never ask, you’ll never never know”
Hi,
im not steve but i would imagine that delivery would take more than a week – especcially becuse tomorrow is a public holiday and then monday and tuesday are holidays for most ppl as well.
Kind Regards,
George.“If You never never ask, you’ll never never know”
Hi Andrew,
Its great to invest interstate although you should be careful of a few issues. QLD is good if you choose the right areas. I wouldn’t go for an apartment in QLD but a nice 2 or 3 bedroom house out in the country of QLD with good returns.
Your questions:
Originally posted by Just_starting:Should I find a solicitor in QLD or close to me for the convancing?
To invest interstate, you don’t need a solicitor in that state. Try dealing always with your solicitor because most of the time, they have connections in other states and countries and they know your circumstances. Also, its probably best to deal with a local solicitor just in case you have any questions, you can drop in and ask them and also when you sign the papers and they explain the conditions of the contract, its best not to have this explanation over the phone but in person – therfore its more feasible to deal with a local.
When does a bank send a valuer during the purchase? Will they send one if your property is out of the way?If the bank is givving you the loan, then that bank will send a valuer – doesnt matter where the area is aslong as they are giving you the loan. Be careful though, some banks will not give loans in certain areas. In this case, they will most likely not send a valuer out. Its usually before the purchase so they can asess the loan amount. Also, the valuation if different from the sale price will need to be ammended to the contract – therfore its before the purchase.
Is the different between rural and residentual the population of the suburb?Sorry, but I can’t understand this last question. try re-wording it. Thanks.
Hope this helps.
Kind Regards,
George.“If You never never ask, you’ll never never know”
I posted a comment on Devine Homes once. Try doing a search for it.
Bottom line – there ok – I know how they make there money though. They told me they increase the interest rate by about 1-2%. They make their money in the margin of interest rate that the bank provides them and what they provide you. Do your due diligence first.
Kind Regards,
George.
P.S: Why not keep renting and claim that rent as an expense to offset your tax.“If You never never ask, you’ll never never know”
