Originally posted by Wylie:
Please get in writing whatever you can from the staff who have confided in you that your dad was not in a fit state to sign a will. If you don’t get anything now, they may forget the details or worse, be pursuaded (or not allowed – privacy laws are very strange) to give you any copies at a later date.

The staff have…[Read more]

I can’t recommend one, but I will say… My wife & I used to clean newly-built homes. I’ve also been through display homes of various other companies and seen the same shoddy workmanship.

Same tradesmen – that’s why. The reason is, most “home builders” contract the work out to other businesses. They don’t build homes – they broker the…[Read more]

Thanks all!

I may be totally out of the ballpark on this – but since you want to make it interest only, it’s probably because you plan to claim the interest payments on tax, right? So (assuming you pay enough tax to claim it back), why not a low-doc loan?

Or as you said – wait three months. :-p

Allan

No, not at all – I *am* trying to find out if it is possible though. Here’s some example figures:

I have $22,000 for a deposit.
Partner in deal thinks he can equal this, given a few weeks.

(If a 30-day contract was signed, we would also be able to add a little more to the deposit amount in that time.)

Anyway… Say both our deposits together…[Read more]

Thanks!

Originally posted by APerry:
You should make sure that you can get finance for the deal and what sort of LVR is available.

Yep, I was just doing some calculations on that actually. After adding all the extra fees, LVR is about 86 to 89% – depending on a couple of things. For instance:

* Building Inspection Fee
* Land Titles Office Fee
*…[Read more]

What has been the capital gain of the prop, compounded annually over the past 10 years ??

…

2. What are you expecting the capital gain of the prop, compounded annually over the next 10 years to be ??

LOL – probably nil – in both cases. I’m not even considering it, actually. [cap]

What are you hoping to extract out of the purchase, CG,…[Read more]

Thank you for the reply… Tenancy is not a worry from what I understand (but of course I need to check this). They have been there long term. I think from reading your reply, I may not have described my concerns correctly. I’m concerned that once *we* own the property, we might find ourselves paying for constant repairs. I have yet to talk…[Read more]

Originally posted by The Mortgage Adviser:

Quote:
Originally posted by JustAllan:

Quote:
If we found a neutral-geared IP (its incoming rent would cover the IP loan repayments), will we be able to get a second loan?
<br>
You would if you had the income to service the additional loan. Most lenders will not allow use of the total rent and will…[Read more]

Hm… Answers here don’t seem all that well-balanced lately… This is called adding a clause (to a contract). I’m sure I’ve read Steve advocates using these, but probably not a good idea to use the particular one you mentioned as it might not be taken too kindly.

First off, if you’ve done your due diligence you should be pretty sure you want…[Read more]

Originally posted by lukebe2:
Hi – just curious to find out what others have to say about this. I have seen some non residential zoning land for about $35-40K right on the water (lake) in NSW.

If you’re referring to the ones that come in the daily domain/realestate.com emails, in the Port Stephens area – yawn! – well, put it this way… I’ve…[Read more]

Originally posted by FireCaesar:
Suppose you’re young and unemployed and have about $10k~$20k to spend on the deposit of your I.P. Would you be looking for +CF types of IP (less growth, more income/cashflow) or CG geared types of IP (more growth, less income/cashflow)?

P.S I would suppose +CF is more “correct” based on the above situation since…[Read more]

Thank you – for making my head hurt… [blush2] I’ll do some helpfile reading!

Allan.

Originally posted by manofaction:
<br>Whether it’s a house or a car, I’d rather buy direct from the seller than go through an Agent.

Hey, no argument from me… I was just pointing out fewer people will see the property. (Not that it’s wrong to do it that way.) But that most people are planning the largest purchase of their lives and so are…[Read more]

Originally posted by Brisbanite:
Well, thanks for you reply, but I wonder if you’re a REA?

LOL. Me? I wish!

they just want a sale, any sale.

Oh, for sure.

I’d bet that they are the reason WHY prices have come down…they just want sales and don’t care if their commission is slightly less. They are actively conditioning sellers to now…[Read more]

Probably not what you want to hear, but…

Although I agree in principle with the idealogy of selling privately (the less money lost to REA’s the better)… The reality people that write these books etc. gloss over (or completely ignore) is, people don’t trust real estate agents much – but they trust private sellers even less.

It’s not…[Read more]

Originally posted by richmond:
We’ve all read and heard about what the baby boomers will do in their retirement, ie sell up their place in the city, move to the coast etc.

I only put a certain amount of faith in the written word/theories etc… I’d love to hear what other oldies are planning for their golden years, because some property investors…[Read more]

You’re brave. [biggrin]

I’d be saying, “If I wasn’t serious do you think I’d be buying TWO properties from you at once!?”

Furthermore, *I* would not sign anything until I had amended the contract with a couple of escape clauses. (Subject to structural report, subject to lender/loan approval…)

But that’s just me I guess…

Allan.

Originally posted by darrylhosking@hotmail.com:
[withstupid]
I have about $20,000.00 in shares and managed funds…

… can only get finance for $170,000.00 as I am employed as a mechanic and earn about $27,000.00 per year. Where do I start?

Unrelated, but I’ll tell you one thing… I have $20K in the bank, am on just under $30K, married with…[Read more]