gurjjeet replied to the topic banks refusing to lend Licensed Builder(not owner builder) for own build in the forum Finance 7 years, 5 months ago
Thanks for your answer Richard.
You are very right. We have been given a glimmer of hope by one bank.
gurjjeet started the topic banks refusing to lend Licensed Builder(not owner builder) for own build in the forum Finance 7 years, 5 months ago
Hi
My friend(Licensed Builder) has started a Building company, I am being invited to invest in that company as shareholder. We have two lots of land, one is owned by him entirely & other is a land(currently IP) owned by both of us. We want to build on both. The building company & land holding companies are both separate entities with some common…[Read more]
gurjjeet replied to the topic Community Title or Strata for a small 2 units in the forum Help Needed! 9 years, 11 months ago
Thanks everyone
Sorry I am bit late to respond. I was hoping to get an email when someone responds but didn’t get any.
Thanks for all the information. I forgot to mention that construction is underway & finance is sorted out. Yes you guys are right the bank valued it atleast 20% less because of it being one title. Their logic is that they…[Read more]
gurjjeet started the topic Community Title or Strata for a small 2 units in the forum Help Needed! 9 years, 11 months ago
Hi
We bought a house which is built on a block which is not very deep but has long front. The existing house is stacked on one side and 2/3 of block was empty. So we renovated the existing & got a DA approved for strata title second Townhouse. the townhouse is being built now.
Both houses only share a Fire wall between the Garage, a 3 meter…[Read more]
gurjjeet replied to the topic Coomera in the forum Help Needed! 13 years, 2 months ago
Friends I was lucky not to buy in the area…I had a gut feeling that something was not right..feeling I had was that I was paying high price..also the prooerty I was going to buy was of very bad built quality. That is another thing all this boom there has resulted in a lot of substandard building.
Henry u are definatly paying a lot ….property i…[Read more]gurjjeet replied to the topic another legal height question? in the forum Value Adding 14 years, 4 months ago
I guess I read somewhere that the height can be 2200 from the lowest joist or whatever to floor but will still depend upon the council.
the other problem you will face will be Q100 if it is in Queensland(i suppose it is same in all QLD)
If Q100 kicks in then you have to raise the floor height & that will spell disaster………Gud Luck
gurjjeet replied to the topic Cheeky neighbour stole items before settlement. What to do? in the forum Help Needed! 14 years, 4 months ago
If you r in QLD, From Insurance point of view you already own then because you need to have an insurance from the day of contract (in QLD atleast) So you can go to insurance at least & I think also to police.
gurjjeet replied to the topic Photo editing and manipulation to enhance properties visual assets! in the forum I checked out the 14 years, 4 months ago
I checked out the examples…………..in one picture they removed the overhead electric wires & the poles…………….For me that is a big NO NO……………that is cheating…….
gurjjeet replied to the topic Renting and Investing – Unwise?? in the forum Help Needed! 14 years, 5 months ago
Hi I am a new investor as well, but I think after doing a lot of research, I would say you will be better off renting your own house for tax purposes & then keeping the rent from house-mates to pay the mortgage is best situation but only catch is that U get hit by CGT.
gurjjeet replied to the topic Vendor is not letting me terminate the contract after Building inspection in the forum Legal & Accounting 14 years, 7 months ago
hey Guys
I am gonna get my deposit back, heard from the agent, they are releasing the deposit on vendor’s instructions.
So what actually happened?????
I think the agent played a role in this whole drama,
I am new to this game & had a pre-approved finance, He knew it & (My assumptions only) that he told vendor to refuse my reasoning for…[Read more]
gurjjeet replied to the topic Vendor is not letting me terminate the contract after Building inspection in the forum Legal & Accounting 14 years, 7 months ago
Yes, the property is in QLD .
I think that is good idea to exit on finance condition. I will check this with my solicitor,
By the way my solicitor has same views that my case is very strong. BUT THEY ARE LAWYERS right!!!!!!
Thanks for the reply……
gurjjeet replied to the topic Vendor is not letting me terminate the contract after Building inspection in the forum Legal & Accounting 14 years, 7 months ago
Thanks for that & Yes I will posting the updates
Yes, I am going to contact the solicitor(actually my conveyancer is also a good solicitor as well).
This is not one drip, the house had some internal paint problems which I knew & i was okay with that. But Since I have seen the pictures of underneath the house which shows me a big pothole, un-even…[Read more]
gurjjeet replied to the topic Vendor is not letting me terminate the contract after Building inspection in the forum Legal & Accounting 14 years, 7 months ago
DWolfe
Thanks for the comment, I check my contract & it says ” if the report is unsatisfactory to Buyer, The buyer must act reasonably.”
So one thing is clear that I can terminate, only issue is weather I am being reasonable or not.
What are your views on this, is it reasonable for me to terminate contract for a 3-year old house whcih has…[Read more]
gurjjeet started the topic Vendor is not letting me terminate the contract after Building inspection in the forum Legal & Accounting 14 years, 7 months ago
Hello Everyone
I am looking to buy my first investment property & has hit a big rock. I had a contract for a 400K house(Which is a normal price for the that type of home in that suburb).
But I found some problems in the house in my building inspection report. There is water ponding underneath the house & there is a drainage problem & there is…[Read more]