Star – Any of the heavenly bodies appearing as apparently fixed luminous points in the sky at night. [From The Macquarie Dictionary]
The Macquarie Dictionary did not say anything about colour, sorry can’t help for this bit….COL…
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Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]
Sound like a good advice from all the guys. At the moment I am negotiate the no deposit down deal until settlement. The agent has to pass this information to the vendor. If the vendor accept it then I will pay everything at the settlement other I have to put down either $500 or 5% of purchase price.
Hope that help, good luck with your investing journey.
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]
Hi Chan$,
In my research, If the retirement village Pricing $95,000, which inc. Furnish furniture value abt. 35,000, this mean the “net Unit” only “valued” $50,000, The +ve cf just come from the Depreciation form furniture, but it just last for 5 yr.
Do you think so?
Regards
Julian
Julian,
I agreed to what you are saying. It also depend on which method you are using for the depreciation schedule.
Mini,
The reason I am looking into retirement village because of it high rental yield, high depreciation, long term settlement, low vacancy rate. But now I am not looking at retirement village any more because of the researches I found.
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]
As far as I know it is the responsibility of the tenant of keep the keys safe. I understand your situation where your spare set of keys was given to PM.
We contacted the agent and were advised to call a locksmith, or call back tomorrow so they can see if they could get someone to go to the office to get the spares of ours.
If the agent adviced you to call the locksmith, then it is there responsibility. Because you take their advice. You already contact them. So I believe they should give it back your $120.
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]
I also found a large number of +ve cash flow in SA. This is base on the introduction by friend. I believe some people would not want to touch where I will be buying but some will do. It is depend on their criteria.
Good luck with your investing…
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]
Abundance,
If the property you intend to purchase is tenanted, the lending institution may include 60% to 80% (in some cases depending on the post code) of rental income towards your borrowing capacity to calculate your ability to service the loan,
If the proposed property is vacant, the lender may require a rental valuation.
Regards
Steven
Mortgage Broker.
Like Steve Said a Rental Appraisal is need if property is vacant at the time of purchase. All you have to do is contact any agents in the area and ask for the rental appraisal or go direct to the real estate agent that you buying from and get one.
In NSW, the bank normally ask for first page of contract and rental appraisal. 70% to 80% of rent will be consider as part of the income and again it’s depend on which lender you are using.
Good luck with your investing journey…
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]
This is why I call you a Hipocrite you dill, SIS is only doing the same thing that you are doing , since 1996 for christ sake, and you are having a go at him. Do you see now, or do I have to draw you a picture?
Hey Brent,
You said I have a go at SIS at which point?, I support him all the way. And you still call me hipocrite. How stupid are you? do you have any brain? may be I should get a microscope to take a look at your brain.
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]