Why is cash the way to go? I thought investing was about borrowing money and keeping cash reserves for other investments. NAB rang up to say yes they will lend $26,000.

What did you think Qlds007? Is it wise to use cash for this or should i hunt around knocking on all the doors i can to try get a home loan?

What would be the best way to leverage into a property purchase number two (just thinking ahead now as well)? In the last hour i have organized that i can pay $24,000.00 cash and get a personal loan of $14,000 which i could pay back over the next 3 to 5 years interest free though this does not prove a credit rating. Either way i want to pay down…[Read more]

The building area is an open 82.8 square meter area. The whole property area in square meters including the rear yard is 180 square meters.

That's right Tracey thanks for your suggestions. Settlement needs to be while it is still business 1 then a month or so after the renovation is completed council issue a certificate of occupancy which it can then have a home loan secured against it. This is where I assumed bridging that gap between settlement and receiving that 'certificate of…[Read more]

The Contract of Sale of $38,000.00 is subject to and conditional upon the purchaser obtaining a Planning Permit from the council authorising him to use the premises for residential purposes.  36% Deposit.I will have LVR of 64%.Yes i can substantiate income in the form of bank statements and income statement.The property location is 3300.

Well Richard it's a vacant shop zoned business 1 that upon council approval in some three or more months and renovations completed a certificate of occupancy  will be granted. Then it can be lived in as a residential.

I don't imagine the FHOG and the 3k bonus if living in Victoria will last forever. It's my guess it will finish this year or in the next year or so. It may be worth thinking about weather you want to cash in on it or not. It depends entirely on what you decide to do. But if you go down the track of fiddling around and renovating the house while…[Read more]

It was time this thread ended it's now dead.

I would give no power tripper the chance of wrapping a property to me!

Not green! I would go with a color set of three that blends well with the render. One color would be for the ceiling joists,  railings, veranda posts that blends with the render color and a third color that also would blend with the deck itself. All three colors should compliment each other. So those three colors would blend with each other. The…[Read more]

B.T.W the red dots are the only available land blocks for sale currently! Also the contour of the land would come into it as it has slight hills and slopes across the total parcel of land I have not been to actually look at the land but i seen some other photographs. I'm using this mainly as an exercise. That's a good consideration about it…[Read more]

No your not getting to old it's a bit difficult to make out what the numbers are in that photo. After emailing the agent he gave me these prices of the blocks that we're left. With these numbers now at hand I changed my mind to block number 32 based on value for money for the amount of land for dollar value. I don't know how the agent got them…[Read more]

The Highway noise is a good point. I picked 20 and 29 mainly because it seems it could be a sub-dividable block later on as well as tranquil country views over the road and some trees. 20 the one I favored.

Hi Jase & Flic, you need to upload the pictures to your own host and then use the insert image (it's one of the buttons in the reply to post field) where it provided an entry field where you put the URL to the photo in and then repeat this process for more photo's. If you want send the photo's to jaffasoft@gmail.com and I will put them all neatly…[Read more]

Also put into your math that you can rent rooms out in the house while you live in the house for the 6 months, this can help with the cash flow to pay the mortgage repayments.

Hi Jase&Flic what was the exact price that you settled on the property with? I put a photo up here so I don't lose it and also downloaded all the other ones onto my hard drive as it will be interesting to follow this thread and thanks for putting the details up. What is the land area of the block? What sort of loan did you get PI or IO and do you…[Read more]

L.A Aussie wrote:
I was talking about the home page actually; where it shows just the latest active/hot topics.

I believe your wish has been filled!

L.A Aussie wrote:
I preferred the function where you could run the cursor over the original post of the thread and the little box opened up to show you what the content was.

That still does that using the browser I have got Firefox or IE.

Nice dark blue! I prefer that to that couple picture that was there! The best change to this web site recently from a practical users point of view has been the 'Active Topics' in the forum drop down menu how it brings up a few of the active topics all in one list from the different forums…brilliant! In the old original PropertyInvesting.com…[Read more]