Hi Andrew

I am wanting anytime access to QLD
Would you happen to have QLD area?

Cheers

Richard

As an example say you bought a property for say $500,000 and you put up $100,000 cash and then a couple of months down the track you wanted to bulldoze the house and build 2 new houses, would the banks need further cash put up front or how do they calculate it

I like it, we need a site like this that puts all the monkeys in a cage, <moderator: edit>

A mission a pain in the a.s, lost a lot of money more than ever before, lost a $2 million profit, approached plenty of people I know and plenty of people I don't know, people said they were keen, they would look at the deal and they were still keen but at the end of the day they were just real tyre kickers with either no real cash or couldn't understand what was in front of them until it was to late and the property was sold, lots of people would say why would the vendor sell it for this price and why has no one else snapped it up, I got sick of listning to people say that.
the deal was there and there was huge profits to be made and people could just not or did not want to beleive it, now a smart accountant snapped it up and he is in with a grin.
Will I look at a joint venture again, maybe but it would have to be with the right person and there hard to come by.
I see great deals all the time but the big problem is the deposit to fund each of these deals.
The next problem is drawing up an agreement between the 2 parties, you will be happy and the other person will be happy but when the lawyers put it on paper and it goes backwards and forwards a few times and then the other persons lawyer talks in some strange lawyer laungage and then the other party thinks it is all to hard and runs a mile.

To me it is easy, here is the proof here is my back ground, here is a great deal just front some cash and we will make each other wealthier than we were yesterday.
If only it was that easy.

I can't see interest rates rising. if this happened then they would be dumb, if it were to rise it would course further financial preassure which will hurt the economy even more.

S.walker00.   There is always a possibility that it could happen again, really none of us know until it happens again, things normaly come in 3's don't they.
who would ever think I would get 5 flat tyres in the matter of about 2 weeks, if someone told me I was going to get heaps of flat tyres over a couple of weeks, I would have laughed.

from what I understand a lot of insurance companies will not pay out for property damaged from rising rivers creeks etc and from rivers etc that have broken there banks
They will pay out if it rains a lot and this rain floods into there homes.
Thats what my insurance company told me anyway.
I am thinking a lot of people would have a fight with there insurance company over this.

I would like to know what the renting people are planning on doing, move to a new town suburb or clean up there rented house and stay put.

Also does anyone know if Hervey Bay was flood affected?

Hi David

If you send me a private message with your contact number and property address and any other info you may have on the property and I will take a look.

Cheers

So how will fixed loans work

If we fix for say 3 years and decide we want out in 1 year, then is there no exit fees?
if this is the case we miles well all fix for 5 years knowing we have the ability to exit anytime

I think your approaching the banks in the wrong way, something doesn't sound rite, even if your property is only worth $1.7m and its freehold then I can't see why they will not loan a misreable $300k, maybe appoach a broker, or work out what your saying wrong to the banks