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Viewing 20 posts - 341 through 360 (of 678 total)
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  • Profile photo of jmsracheljmsrachel
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    December 16, 2012 - 11:34 pm

    I’m thinking It’s similar to how refund home loans used to work. But seriously 18 months is a long time.

    Profile photo of jmsracheljmsrachel
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    December 16, 2012 - 8:18 am

    It sounds about right because if I read correctly your only buying the house and not land. I’ve seen houses go for free because it saves the builder demolition costs.

    Profile photo of jmsracheljmsrachel
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    December 15, 2012 - 9:18 am

    I bet your grandpa gave you a big bowl of rabbit stew as a thank you!
    I agree, 10% is way too low. 30% minimum.

    Profile photo of jmsracheljmsrachel
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    December 14, 2012 - 9:21 pm

    Hi Richard and Scott. The commercial property will be a factory approx 300m2 in size. Around the $400k mark. Have about $400k in usable equity. I would be renting out the factory for the first 5 years and then moving in.
    I’ve also heard commercial loans are much shorter then residential. Is this true?

    Profile photo of jmsracheljmsrachel
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    December 14, 2012 - 10:14 am

    This proves the point that a good mortgage broker is worth their weight in gold. I’d never talk to the banks alone, too hard and scary.

    Profile photo of jmsracheljmsrachel
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    December 13, 2012 - 8:22 pm

    With that kind of savings have you considered purchasing something? With a large deposit you would find your repayments wouldn’t be much more then your rent.

    Profile photo of jmsracheljmsrachel
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    December 13, 2012 - 8:50 am

    Which suburbs / area are you looking for your next ip? I think last time you were talking about buying something in Chile?

    Profile photo of jmsracheljmsrachel
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    December 13, 2012 - 8:48 am

    offset account. Saves you interest.

    Profile photo of jmsracheljmsrachel
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    December 12, 2012 - 5:02 am

    Your snide remarks probably saved you big time!! Goodbye!

    Profile photo of jmsracheljmsrachel
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    December 8, 2012 - 9:53 pm

    I’m pretty sure I’ve read somewhere Terryw is also a broker.

    Profile photo of jmsracheljmsrachel
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    December 8, 2012 - 11:47 am

    Doing major renovations with a tenant in the house could be tricky and they might not like the constant interruptions.

    Profile photo of jmsracheljmsrachel
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    December 7, 2012 - 9:41 am
    Scott No Mates wrote:
    Just get the timing right so that settlement and your BAS return are only weeks apart.

    My accountant told me the same thing today. Don’t see the point in paying a tax and receiving it back a week later.

    Profile photo of jmsracheljmsrachel
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    December 7, 2012 - 9:35 am

    Gees 41, time to give someone else a go. But in all seriousness my old broker is and now was a moron. Which I joined this forum years ago.

    Profile photo of jmsracheljmsrachel
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    December 7, 2012 - 2:25 am

    Why is it HR block have such a bad name? Everyone I talk to say they’re no good.

    Profile photo of jmsracheljmsrachel
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    December 6, 2012 - 11:26 pm

    Dunno about Richard, only got 40 properties. Don’t think that’s enough experience! Only joking, I’ll be contacting him mid next year.

    Profile photo of jmsracheljmsrachel
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    December 6, 2012 - 7:33 pm

    Thanks for clearing that up. I think It’s just safer to pay the GST.

    Profile photo of jmsracheljmsrachel
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    December 6, 2012 - 9:37 am

    Thanks Terry, the advice this guy gave me was that if you find a factory that you like and it's vacant negotiate with the vendor to lease it before signing of the contracts. Of course the lease will be under the vendors name but would then transfer to my name once everything is settled. 

    Paying the GST doesn't really worry me as i'll get it back through my business. It's finding the extra $40K for a couple months is a pain.

    But like everything you need to be careful.

    Profile photo of jmsracheljmsrachel
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    December 5, 2012 - 11:32 am

    Just make sure It’s done right. Peeling paint on tiles looks horrible.

    Profile photo of jmsracheljmsrachel
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    December 5, 2012 - 5:43 am

    Probably best to check the “herbs” first before mentioning anything. Someone could have mistaken them for “herbs” but could be something totally different.

    Profile photo of jmsracheljmsrachel
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    December 5, 2012 - 4:56 am

    Defiantly shower screen. Told the tenants today. She liked the idea of having a bathtub but didn’t like the shower over bath idea.

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