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Yes you are correct, as per your thoughts. You have picked up well.
Good luckAshley Hooker
Compliant Investment Properties
http://www.cip.net.auThere are a number of companies that will come to your house and measure and create a new plan if you really need it. Your local RE agent should be able to give you the name and number of the local firm they deal with.
In regards to the VAL, generally the banks have a good panel of valuers, but 99% of the time (Unless you have paid too much) the val will come in at the contract purchase price. Plenty of valuers around if you still feel the need. But rest assured, the Bank will let you know if there is a major problem with their VAL.Good luck
Ashley Hooker
Compliant Investment PropertiesFor the last 150 years, property has doubled every 10 years on average. Find a brand new property (that say cost you $350k and it costs you $40 – $60 per week to hold). It’s like a forced savings plan. With the right finance and tax structure after 10 years the property is now worth +$700k. You should have made at least $350k from “putting away” that $40 – $60 per week over the 10 year period and you wouldn’t have more than $20k by investing in other methods like baking etc) The idea is to keep adding properties when you can afford. (Just one example of thousands, you need to choose whats right for you and your situation.)
This is a long term approach as 80% of investment property should be.
Best of luck.
AshI would be very careful about this, the issue is not all about ASIC Policy Statement (PS146), it all comes back to commissions. Basically if you receive a commission as part of any Real Estate transaction you must be currently licensed.
The Dept of Fair Trading clearly states that you must not Induce, Transact, Influence or Show a property unless you are licensed or an authorised representative of a licensee.
Remember: 7 years in NSW to pursue you.
Hope this helps.
Ashley Hooker
Compliant Investment Properties
