OzInvest Canberra wrote:

Terryw wrote:

keiko wrote:
what if the unknown happens and the house is not rented for 12 months but ozinvest goes broke on week 1, I might be out of pokcet $30k unless the directors personaly gauranteed it

You also might be out of pocket $30,000 even if the directors guarantee it.

If you pay the $15.00 a week plus…[Read more]

OzInvest Canberra wrote:

keiko wrote:
what if the unknown happens and the house is not rented for 12 months but ozinvest goes broke on week 1, I might be out of pokcet $30k unless the directors personaly gauranteed it

Thats why we suggest strongly that clients do their due dilligence with the areas. We know that the areas are solid but know…[Read more]

Terryw wrote:

keiko wrote:
what if the unknown happens and the house is not rented for 12 months but ozinvest goes broke on week 1, I might be out of pokcet $30k unless the directors personaly gauranteed it

You also might be out of pocket $30,000 even if the directors guarantee it.

This is true but with a personal gaurantee you have more…[Read more]

I was recently reading a book and the accountant ed chan said that there is away that you can transfer from a company to a trust with small stamp duty etc if any??? I tried to find where I was reading this but no luck yet

Lockymac wrote:
Just a thought, the ten year guarantee comes at a $15 a week price, I thought you would probably get a tenant if you dropped the rent ten bucks a week? Just a thought

well how about you put the rent up 15 bucks a week or even 50 bucks a week and then oz will pay u market rent when vacant, so your always getting money coming in…[Read more]

Or maybe its because its called property WOMAN award dinner, if it was called blokes property award dinner then the numbers might be the other way aroundbut good question, at auctions there seems to be a mixure

what if the unknown happens and the house is not rented for 12 months but ozinvest goes broke on week 1, I might be out of pokcet $30k unless the directors personaly gauranteed it

Please present me with a situation where it wouldn't be in the clients favour (eg. OzInvest not being able to continue with the lease back) It is not a $2 a week propsition as you suggested earlier…………..11 + years is the deal!Well thats an easy one, The company goes broke, and I know of many companies that have gone broke and they have…[Read more]

Hi Dreamerman, Does she like to read, then my advise would be to go and buy michael yardney's book (how to become a property millionaire in your spare time) and you read the book first then you may be able to give her answers when she reads it, or if she doesn't want to read it then pick out the best pages in the book that will help her understand…[Read more]

yes they are great arnt they, if someone offers something and they say there product is good then come on step up and personaly gaurantee it because if you don't then you don't beleive in what it is your selling, I will personaly gaurantee anything I do because I beleive in what I am offering or wanting, any one that can't do that is a fraud and…[Read more]

god I here they suk the energy out of humans instead

Thanks V8Yep the loans are interest only, 1 month the money might come out on 17 jan the next it might be 20 feb then maybe 18 march so then i work out how many days between 17 and the 20th which may be 34 days then lets say I am charged 10% for easy work out and the loan is $100k now based over 34 days this works out to be $931.50 and the bank…[Read more]

manita that is correct the owner is responsible for this so contact the agent, It sounds like the thing you push down might just need adjusting.Deanboy, I would probably pay for the pest inspection as you do not want your investment to get infested with bugs etcas for the light bulbs, I remember renting and the agent made us pay for any bulbs not…[Read more]

Hi, how many % are these properties returning?Do the directors personaly gaurantee these lease back deals or only the company?

Are we talking commercial and residential or just residentialand is this deal only available if we buy ozinvest properties

Hi, So what are you saying that if I have a tenant and he leaves after a year and its vacant for say 6 months you will fix me up the difference

Qlds007 wrote:
Secret agent the better mortgage management loan is thru Adelaide Bank and still requires you to state an income.The income you declare is what the Bank will accept so if your Broker must have manupulated the stated income to suite the servicing criteria. Adelaide Banks rate is 1% higher than the Anz rate but in saying that the…[Read more]

Scott how do you find the speed on the internet when rentmaster is on there?my net slowed up heaps

Terryw wrote:
I know someone who borrowed up to $500,000 from a private investor at 15% for a number of properties. He has now done a runner, not paying any loans for ages. Banks are repossessing his properties and the private investor is unlikely to get anything back.

He needs a bullet, I hate people that rip other people off, theres ways to…[Read more]

Seen as your new to this and if you have not been looking for very long then I would possibly keep the money in the bank until you get back from your holiday and then focus on what you want to buy.But if you have been studying a while and your keen to buy something before you go on holiday then have a good look around and see what you can buy with…[Read more]