I too have just taken out a second loan (LOC) on my PPOR in order to be kept in reserve for when I find a suitable IP.It appeared there was some confusion as the head office wanted to know why I was not just doing a new loan once I found the property.. I stood firm, told them what I wanted and it was done. My only fear is whether it was correct…[Read more]

Agreed.. thank you acjd,I certainly would be interested to receive a copy of your checklist and am sure that many on the forum would benefit. I am also sure that I am not alone in appreciating the generocity you are showing in being prepared to do work and share at no cost.

Thanks.My other concern re: the broker is that I am not sure there is any money in it for them.As I am under the NAB choice package it does not cost me anything to do this loan (I pay an annual service amount). Therefore I am unsure if there are commissions payable. Could the brokers out there please confirm for me that if I ask for you to do this…[Read more]

Good morning and thank you for your comments.I am financed through NAB and I will have a chat to find out how they calculated my available borrowings. It's such a shame you really have to dig for details, they just say yep sign the form and we'll get it done.. get what done, how much can I borrow, whats the rate, what secure's it etc… arrgh (I…[Read more]

Hello there,I too am scouring the net for property checklists. Perhaps Property WA you have done the hard work for me and can lend a hand with what you have found.And is it just me or has amanda and that website disappeared.. cant find it.

I hope there turning in a favourable direction for me!Jason can you please tell me what you are looking at, at what you were referring to about 'tonight in the US'. Sorry to be so ignorant, desperately trying to learn!

So who was it that purchased that little property in tassie?… i see it is under contract

Thanks Jason,I am sure that link would be really helpful if I could understand a word of what he said. Its an all new language to me

But there arent any buyers agents in my area, so there isnt anyone that buys several properties a month on behalf of clients.But I get the picture – I'm a dill. At least I put my ideas out there and am learning.. thanks for the patience and contributions

I completely understand what is being said here and have done some homework. RPdata is a pretty fantastic tool. From this I can find out what the property was purhased for and when. One property I am looking at was purchased for $95k in 1999. It is currently listed at $330k. I understand that these sellers have since heavily invested in commercial…[Read more]

Thanks Scott. I dont mean to sound like a fool. You see my pricing I feel is alot closer to the real market value that the current asking prices.The majority of properies in the areas I am looking have been on market in excess of 100 days (some in excess of 12 months). They have often been listed with one agency and then changed to another and…[Read more]

It may be a simple as just applying for a settlement extension (quite common). Hopefully you have friendly sellers

Hello all, thank you for your feedback.I did it!, I jumped right into that deep end (well deep for me, I am sure shallow for many) Do as the rich are doing (they say)I took $10k out of my 'offset' and purchased silver. I may have made some mistakes already but sometimes you just gotta get in to learn (they say). I did purchase via one of those…[Read more]

Hi white goodman, is that a foreign language? I having trouble understanding.Are you saying, you feel that peoples interest in gold and silver has aided in driving the property bubble? (maybe you mean about ones willingness to accept more and more debt?)Then are you saying that you feel that gold and silver is not at the top of its cycle and if yo…[Read more]

Surely if i finally do find my suitable IP then I can sell my silver yer… so no risk unless silver goes down which is fairly unlikely yer?

owe it went down to worth zip…. How risky is investing in silver as apposed to property?

Sri, I am not the best person to answer these questions (sorry can provide the hints but not the clear advise) there are however poeple on here that will be able to help.. TerryW I believe is well versed in options etc (behaps you could search past posts on options).I believe that in some states (perhaps VIC) by using an 'and or nominee' as the…[Read more]

I think Sri may be referring to investing 'off the plan' and onselling prior to settlement..My understanding (QLD knowledge only) is that the original purchase documentation should allow you to onsell the allotment prior to settlement. Generally once the title has been registered there would be a similtaneos settlement. This is the time in which…[Read more]

morning Duckster, in that situation who would own the property? who's name would the title be in?

While I have not seen any of the formal documentation that has been prepared. The agent suggests that they would maintain the property however with aging tenants one can only presume an ability to mainatain for a certain period.