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  • Profile photo of justgjtjustgjt
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    @justgjt
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    March 3, 2008 - 8:22 am

    Hello Annare

    1.  Is there a current lease in place or is the tennant on a periodical. Get them to vacate
    2.  Was there "no pets" on the signed lease, if so the tennant is in breach of the lease and get them to vacate.
    3.  You can just give them the required notice ofr them to vacate
    4.  You can also serve notice to the PM but not if there is no other PM in the town?

    Its stressfull, but at the end of the day, its a business and not a charity.

    Profile photo of justgjtjustgjt
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    March 1, 2008 - 11:30 am

    Thanks Pud

    I give one a call

    Profile photo of justgjtjustgjt
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    February 20, 2008 - 2:25 am

    A mate of mine does unit developments in Perth and he is of the opinion that the front and the rear are the most sort after and the ones in the middle that dont sell quickly he rents out.

    Profile photo of justgjtjustgjt
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    February 18, 2008 - 8:11 am

    Wow… that was quick.

    Thanks, I will take you up on your offer.

    Profile photo of justgjtjustgjt
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    February 18, 2008 - 7:51 am

    Hi Kylie

    Thanks for the reply.

    Would you say its a "growth" or "yeild" area or a bit of both?

    Profile photo of justgjtjustgjt
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    February 18, 2008 - 4:51 am

    businessglobal

    Hello Kylie

    What are your thoughts on Edens Landing near Beenleigh ?

    Profile photo of justgjtjustgjt
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    February 18, 2008 - 4:46 am

    Do you have any other investments or property ?

    Profile photo of justgjtjustgjt
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    February 18, 2008 - 2:16 am

    Is it due to be paid before or after settlement date??????

    Profile photo of justgjtjustgjt
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    February 17, 2008 - 3:45 am

    Hi Paul

    A question.

    Is your partner planning on working again?

    If that answer is yes then do not sell IP as Adelaide has not finished its growth cycle. If answer is no then same applies.
    You would be far better to arrange a redraw/equity/LOC on this IP to cover the short fall (just dont blow it on non-investment items) as the IP should appreciate at greater than $90pw.

    Yes you can argue that your using debt to service debt and I will argue that is only $90 pw which is less than a carton of cigarettes or whatever you want to compare it too.

    This is the same with your Sydney PPOR as the Sydney growth cycle is about to commence also in the not to distant future and you will be sitting pretty.

    Work out a way why you can keep them as opposed to why you cannot.  Bottom line is dont sell and let time do its thing.

    Profile photo of justgjtjustgjt
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    February 17, 2008 - 2:47 am

    Hi Reggie Jetski,

    I was fortunate to jump on a property in South Hedland (Iron Ore town) which settled in NOV 04. It was purchased sight unseen purely because the numbers stacked up. Through my finance brokers network I was again fortunate enough to have a client of his who lives up there to check it out for me.

    I only paid $325K + costs for the of block of 4 X 1brm units. The rents have doubled and mine are actually let below market rent. A unit exactly the same (Ex BHP built units) in the same area has just sold for $315K. This has allowed me to leverage into other properties and projects.

    The resource boom is being driven by China and India's demand for all things removed from the ground. Ore, gas and coal which Australia has in abundance. Analysist are saying even with the impact from US Sub Prime meltdown it will continue for many years yet. Hedland has a shortage of 6000 beds for its population. Council is relaeasing a subdivision of 1000 blocks and this will not even dent the demand.

    Yes it can be a painfull experience dealing with tradesmen. The managing agent has stated that they will just "fix it" if its under $400 then bill you and any thing over will be quoted. Getting finance to purchse used to be hard with some lenders only going to 60%LVR but thats not the case anymore. I think it is prudent that when you have had a good deal og growth from them, get a val done, and use the equity to leverage into "good blu chip keepers by the sea"

    As long as your due dilegeance done so you can make an informed decision you should be fine. I hope this has helped  

    Profile photo of justgjtjustgjt
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    December 7, 2006 - 8:32 am

    Hello Jamesing Around

    If you can get a copy of API (November Edition) there is a section on future boom areas and Bunbury is one of them tipped in the article. Grap a copy and check it out……. [strum]

    Profile photo of justgjtjustgjt
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    December 7, 2006 - 8:27 am

    Hello Crashy

    Raise it up to 2.4m and split it down the middle and turn it into 4 flats/units. Go hard…….. [strum]

    Profile photo of justgjtjustgjt
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    December 29, 2005 - 6:10 am

    Hello Kevin

    When you say ‘Sea Change’ are you refering to absolute beach front property or the coastal strip in general?

    Regards

    justgjt

    Profile photo of justgjtjustgjt
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    November 8, 2005 - 4:17 pm

    I just paid $1750 + time at council for strata. In todays market it is more often than not, not viable to go with “Green Title” as the on-sell profit is not there compared to the outlay.

    Regards

    justgjt

    Profile photo of justgjtjustgjt
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    November 5, 2005 - 7:09 am

    Flatout

    Thanks for the info. I think that now that the over supply (+150) of units that BHP off loaded after shutting their briquette facility have been absorb the property market will improve. BHP has approved $1.5 b + a futher $1.6b later and RIO $1.5b for furhter ore development. This would have to be good for the area.

    I do not belive that there is an abundance of available property in Port Hedland itself that would be seen as a bargain, yet with the majority of the population living in South Hedland (approx 10km away)as the prices and rents are cheaper I think this will be the place that will have a groth spurt.

    I have just settled on a small block of 1brm units that are +ve CF with room to improve that from some a little TLC.

    Does your friend want to sell ?

    Profile photo of justgjtjustgjt
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    October 31, 2005 - 2:05 am

    Hey C W

    Thanks for the reply. This particular property is a block of 4 strata units, so I would have thought that a bank foreclosesure on just one or two would be better than just one property.

    The best LVR that was found was 75% with alot of effort to get there.

    Hi Richard, who is GE and what is LMI?

    Regards

    Justgjt

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    October 30, 2005 - 1:29 am

    Hello M

    Since 2003 and yes it is Batshore. My partner had her house slab height adjusted down by 200mm just before the concrete was pored by the developer, with out her knowledge. This left 28 tonnes of sand on the site that had to be removed at her cost. Neighbours that sold are still having a 3 way issue with lawyers and courts over fencing and removal of sand. I belive that at the end of the day the developer roomed sand from a block that he did not own so as to avoid putting in retaining walls. A very messy affair to say the least. Overall, Singleton is a good place, nice and quite, although it does lack the infastructure and finese of other estates nearby like Secret Harbour and Madora Bay but I think this is because it has been developed on an underfunded budget. These are only my thoughts.

    Regards,

    G

    Profile photo of justgjtjustgjt
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    October 29, 2005 - 10:33 am

    Hello

    I live at Singleton Beach and have had dealings with the developer there (not Singleton Beach Estate). Some friends have also had dealings with him and they have not been good ones with lawyers and courst involved. I personally have not had any trouble.

    Be careful with everything….

    Profile photo of justgjtjustgjt
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    October 29, 2005 - 10:05 am

    Hello

    My understanding of this is that if the units are not strata and the Bank has to go into fire sale mode, it would be harder for them to find a buyer for all the units than it would be to find buyers for individual units. Also if they were to be strata, it would be easier for you to sell just what you need to please the bank

Viewing 19 posts - 1 through 19 (of 19 total)