Locally, just ring the agents and ask if they handle mortgagee sales – if they don’t, they will soon tell you who does. Good luck!

Once again a right of reply, as a buyer’s agent. I am interested in genuinely helping people, and don’t feel the need to only help the wealthy ones – but I must agree with you, that from my experience of other buyer’s agents, they do seem to be swayed by the commission factor. Keep going till you’re happy with what is offered – after all, it’s your money that’s on offer. Good luck[8D]

Before you sign up for cheaper up front rates, ask for the comparison rate for the up fron, and the later on rates – also ckeck your exit fee (called a deferred settlement fee) and if getting a revolving line of credit,also check the fees for re-draw etc – these are what make the differnece to the quoted rate and the comparison rate!! Take care. []

A business investment at their age won’t help ease them out of the job mart – passive income from real estate will. Lending wise, any self employed person(for 2 years) can get a no doc’s loan, self certifying that they can afford the repayments wihtout suffering hardship, and with no proof of income. BUT they shouldn’t do this if there is any doubt about hardship, needless to say!!!!!!!!!!!!! AND of course, you will pay about 1% over market, so it really has to be a good deal to make it worthwhile. But, we all know, there are always great deals out there – just make sure the figures add up before you commit.[8D]

Lismore, NSW

that was $145 for both and very +ively geared
that was about $10k under market average which was $80k per unit – they have since made cap gain of about $50k since july 02 and if they were to strata would probably get $120k each unit

Hi, like you I’d like to do the deals, with silent partners – I guess that’s joint venture of a kind. You would have a problem with accountant supplying info – under the privacy act, they would have to have a signed authority from their client to let you contact their client. Good luck![]

From a broker point of view, there are several options, but my suggestion is a no doc’s loan, with self certification of income.[]

Hi……….this one month letting fee sounds high to me ….where I live the fee is one week and then 7% monthly. Perhaps it’s too late now, but for any further lettings you could negotiate….what’s the worst they can say? No, and then you’re no worse off. A quick check of other agents will let u know the normal deal for the area.[]

Hi, Gillian. You need to make some contacts. Depending on whether u want to renovate then flip/lease/wrap, or whether u want to redevelop into units etc< You need to contact
-finance broker
-builder
-council officers – re development applications/timing etc

and of course, do the research into what people in those areas need – no use doing a one bedder in an area full of families- and how much u can expect as ROI (return on investment)- council will have the demographics for this, but it’s also available on the net – sites like realestate.com.au good luck