Go for it and great that you are dong it. And DON'T change your mind. I only wish i had of started when i was 18 when i wouldn't listen to dad telling me to buy a house. I actually can't even remember it but he says he did. I think proving money management and savings is very strong to the banks but you just want to do it for yourself as well.…[Read more]

I'm with you that the T.V show should offer you some sort of payment. A skilled investor does not need a T.V program to sell a property. "We live in the real world".

No i would go for being a bit more genuine and honest and banging your head against the wall. But i mean there is no point there is hundreds of deal where it can go the other way and make double your 15k back!

I love a line our building teacher run off in classes one day. It was a simple line but it rang true and also made me laugh in class because i sensed the sarcasm in the way it was said. "Architects think we can build these plans."

Well i have negotiated and know of a development block that i would make in the vicinity of 60% Cash on Cash Return on. That's what i would do with it for starters.

To echo my sisters words. I will never take out a loan with bank west again. I think mainly because with her situation living out on a farm house that they have no branches and any communications was ridiculous.

Linar very sensible. Some council a little perhaps with just one phone call and you could install a timer both for now or if the tenant goes and for future tenants. Also most electrical companies have hardship programs and payment systems and also a $500 once a year Energy Releaf Grant for anyone on Health Care Card or Centrelink.  I'm in process…[Read more]

I'd pay down the credit card and all debt. Opps first burn the credit card. Then look at your personal budget this could include getting rid of the mobile phone or changing to better plans, pre paid etc and look at all areas to save. I'd set a goal for six months to have a deposit. Set a regular savings account. 90k a year is tonnes of money you…[Read more]

This is rubbish i think that prices will go down particularly in the first home buyer market that i focus by the end of the year and into early next year. Not a lot but a little correction. None of it worries me anything! I think 2010 seems to be a stagnant year. 2011 and 2012 will not be anything sprecial so i think 5-7% each year from the end…[Read more]

Seems i will be taking this one. http://nab.com.au/wps/wcm/connect/nab/nab/home/personal_finance/2/1/9/2

I got the Council letter with a permit approval. Now on onto the stage b). of this to find who wants to put signs up. hehe… lol i went to McDonald's today  to ask the managers, see if i can get some money back for all the McDonlad's burgers i've eaten.  I think the tough part for people putting a sign up (meaning my client) will be the cost…[Read more]

Well come auction day Saturday 13th, i rang the pub and it was not on. "There's a note in the window saying post poned" the publicain tells me over the phone. I went up to someones place to have snoop through the garage sale adds and or any clearance sales (because i wanted to find some things for a current Reno). There was none so i got bored and…[Read more]

Vendor decided to go to Auction. It's game over!REIV said agent has done everything right. Gave me some stories how this is happening from time to time and how sometimes agents are calling in asking that they are about to go to auction and do not have section 32 prepared because the solicitor has not got one ready. Advised to ask if they have a…[Read more]

My broker is preparing an application but it could take 21 days for approval then don't know if it will be subject to valuation. We are also looking to a way to get an approval quickly because the deal could be bought by someone else. We have an appointment for NAB because i know the manager down there. Thanks for the tip Qsl007 l'l through that…[Read more]

Thanks. I've already been there and you are left that confused with some many variables, fees and different options that i don't know what an informative decision is. I was hoping a broker might actually know his stuff. It is not my chosen field of expertise. What information do you need? I want to purchase another property soon (6-12 months) want…[Read more]

How can there be no lease agreement yet still be able to rent rooms. You could even be in the lease agreement could you as having access and using the property with the people etc?

Thanks gibbo, not having the first loan now enables more of a chance of a loan on this one! But i want a loan on the first property. I just thought i would get a little further down the track before that application would go in. Strategy on the first property is to pull out 25k in cash on a loan using 80% of the newly renovated value. If it was…[Read more]

The banks might want to use my first property as security. If i let them this is cross collateralize and i know everyone advices not to do that. But if i do not have many choices what will it mean down the road say when the value is up from renovations and or refinance and things and have settled in for a year or two and everything's going well?

Australia wide title stuff here for a cost. I think there is a reason the agent will not go 'subject to finance'. I can walk so i will walk now and or untill they provide a sensable process for buying a property!http://www.landregistryau.com/services_vic.aspAlso:https://www.landata.vic.gov.au/tpc/tpc_specify_property.aspx

Thanks SNM. The only thing that i know of like that is http://services.land.vic.gov.au/landchannel/jsp/map/PlanningMapsIntro.jsp but the most you can get with this is zoning! Not sure of any other ones but that info would get the application process going. And thanks Terry your post made me certainly not go unconditional.