moxi10 wrote:
    Jack, I would appreciate a private message with details about your mortgage broker, if you don't mind sharing that information.

Done mate!

crazya wrote:
Also here's a tip for those looking to invest in the mining towns, after speaking to a mortgage broker (Mortage Choice in G), unless you have 20% deposit, you won't be able to leverage into these places.  The LMI originators won't go near them and they do not take into consideration the high rent return.  Effectively its a risk p…[Read more]

sporty1 wrote:
Hi Josh,Thanks for that. Yes looking at going to Emerald very shortly to have a good look around.CheersSporty1

I think Emerald is on the move. I've experianced some good results recently on some property in Emerald and rents are starting to rise considerably. Be very interesting once the Galilee Basin begins major operations and…[Read more]

Thanks for your advice and input fellas.

I’ll certainly have a chat to my solicitor and get some clarification on this one before I jump in.

Cheers,

Jack

Yep similar story crusty so I think it’s worth a punt.

If the vendors are motivated like I suspect they are then they should be receptive to a serious buyer with the added bonus of no commission to an agent…it makes good sense in my book and a win win for both parties.

I might run it past my solicitor first and make sure I’m protected then…[Read more]

Stacey Surveying wrote:
Hi Jack,

Forgot to add I’ve got a subdivision flowchart also uploaded for free download. It’s useful for typical projects in VIC.

http://www.mediafire.com/?ad2pbd2cerbk6l7

Cheers,
Ashley

Thanks Ashley!

Great tools mate.

Jack

Scott No Mates wrote:
Are you prepared to lose the deal because you want to wait out the exclusivity period? Also, if you  don't like dealing with the agent, get a hired gun to do the negotiation, that way you have an expert on your side, you reduce your risk by not waiting out the exclusivity period & you don't deal with the agent.

Yep. All…[Read more]

PaulDobson wrote:
H JackJust be aware that, even after a listing agreement has expired, an Agent may be successful with a claim for his/her commission, if s/he introduced you to the property during a period when s/he had an 'exclusive' listing agreement on the property.  That's one of the reasons Agents nearly always get your name and address…[Read more]

thecrest wrote:
Ask the vendor, who needs to be not only willing, but legally able.
Cheers
thecrest

Yep sounds like a plan.

Thanks for the help guys.

Jack

blocka wrote:
wait for the for sale contract to end, (usually 3 months) and then the vendor can do what they like.

Thanks blocka.

Is there anyway the vendor can exit the sales contract early of his own volition?

Jack

Hi Ashley,

That’s a big help mate.

Seems so complicated starting out. My idea was looking to buy something with sub-division potential with an older style property on it just to pay the way until sometime in the future (10 years) and I return, knock down and develop the property.

I’ll keep reading there’s some great information in…[Read more]

Hi Stacey,

That’s an excellent stencil to refer to when considering sub-division especially those of us who don’t have a lot of experience in developing and would like to start or at least look at purchasing something now for future development.

A couple of questions Stacey if you don’t mind.

Once you’ve found a suitable site, how do you…[Read more]

Hi Eddie,

Just to add my two cents worth….

I think there has been some excellent answers to your questions. ‘Self Education’ is the key don’t rely on someone else to tell you where to put your money. Your first investment has the ability to set you up and leverage you into the next so take your time, the property market isn’t going anywhere…[Read more]

Hi Richard,

Just emailed you mate. Off work today so on hotmail address.

talk soon,

Jack

Happy Days Richard!

It was well worth us holding out those extra couple of days before considering those mid term fixed rates!

Jack

All good Josh I'm just lining all my ducks up now with my finance etc. I still really like those strong regional hubs so I'll stick to my formula. As you mentioned I think we've seen a bit of a kick in Emerald over the past 12 months. Perhaps we'll see some movement in Mackay over the following 12-18 months once things start really ticking along.…[Read more]

Portfolio PI wrote:

sporty1 wrote:
Hi everyone,Does anyone have an update on the ULDA land release in Blackwater?I have tried calling them several times re the time frame and size of the land release announced earlier this year. 

I have given up on trying to follow the progress of the ULDA! sorry I am of no help!

You've been a bit quiet as…[Read more]

Hi Lizzie,for what its worth, and I certainly don't profess to be an expert, I would seriously consider the advice Richard has given you in relation to buying OTP at the moment in this environment. He comes from a finance background and  has intimate knowledge of the Brisbane market having a sizable portfolio there himself. There will always be…[Read more]

Just be careful not to sucked in to those seminar’s hyping it all up and pushing property onto you, not saying the PRE does however I have been along to a free 2 day work shop here in Sydney some time ago with them. They had some interesting presentations mixed in with loud pumping music which had the desired affect of exciting the ordinance into…[Read more]

Scott No Mates wrote:
look up foster & son @ mt druitt, pretty sure they are still around.

Thanks mate.

Yes, they’re still around and look pretty good. I’ll make some inquiries.

Cheers,

Jack