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  • Profile photo of KellieKellie
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    @kellie
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    June 18, 2003 - 5:01 am

    Thanks Lynne,

    Had read that post previously and there seemed a lot of negativity (if there is such a word) on this idea. This land is just a quick turnover for me but can take the heat if it doesn’t sell. Am positive I will have keen interest when titles are due in November so have to work out how to sell it on or shortly after settlement. New to this so might sound naive. Thanks again.

    Kellieanne

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    June 17, 2003 - 4:44 pm

    Gee quentin that was quick Thanks so much for the reply. Food for thought and very well spelt out in plain english.[:)]

    Thanks Again
    Kellieannne

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    June 6, 2003 - 4:01 pm

    Hi everyone,

    We would also be interested but unfortunately we are currently in the USA and returning in December to WA. Please keep me informed if you do form some type of alliance as like minded people help motivate and being able to discuss issues would be great.

    Kellie

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    June 5, 2003 - 10:36 pm

    Slum Lord,

    In reply to your question. The house/land package will be approx $205,000 (possibly less). There are a lot of packages around Rockingham at present but land is selling at a rapid rate (but I still go with the old cliche’ LOCATION! LOCATION! LOCATION!). Do not intend to rent this property but to sell on completion (if not before). First time on this type of venture so will wait and see. Have always loved property but thought negative gearing was the way to go but since educating myself and reading, reading reading and absorbing so much from different forums have new ideas.

    Kellie[:)]

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    June 5, 2003 - 5:00 am

    Hi Sebastian,

    Sounds good to me. I am always interested in talking to WA investors as that is where I am based. Would be very interested in this.

    Kellie

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    June 5, 2003 - 4:54 am

    Tracy,

    I am interested in the idea of a network of investors in the Perth Area. Let me know how you progress. Hello to David again. I am interested in Joondalup but will sit on the sideline for awhile (may miss the boat but that is life). Love hearing about the Perth market as I am following it closely. I am building in Rockingham and hope to purchase another IP before the year is through. Love this forum as I am learning so much.

    Profile photo of KellieKellie
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    @kellie
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    May 29, 2003 - 4:57 am

    Hi Mannie,

    Thanks for the site. Had no problems this time. Will be sure to say hello to Dale for you.

    Thanks[:D]
    Kellie

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    May 28, 2003 - 5:25 pm

    Could you please give me details for Dale Gatherum-Goss. I also tried a website http://www.gatherumgoss.com.au which I was told to look at for trusts and I gather this is the same person but I had no success. Your help would be appreciated.

    Ta
    Kellieanne

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    May 23, 2003 - 4:47 am

    Hi David,

    Thanks for the post but by inner suburbs can you be a bit more specific. I do not have a apartment or villa singled out as yet. I do have all our income and data in order and will have all viable aspects of the property I intend to buy in order. There are a couple of options on the subdivision but it would only be a short term investment. Appreciate your thoughts.

    Kellieanne

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    May 23, 2003 - 4:22 am

    quote:

    Hello Kellie,

    Being from Perth, and specialising in research and providing cash flow positive properties to eastern states and other investors, I understand your plight.

    Firstly, you will need to look in the inner city suburbs. Secondly, you will need to find a descent apartment, or even townhouse/villa. Thirdly, you will need to have all of your costs and income, fully documented, and analysed.

    From here, you are able to step forward.

    In regards to the subdividing, were you wanting to find a cash flow positive home, and sell the back portion??

    David Femia

    Femia Property Group
    Property Investment Consultants
    http://www.femiapropertygroup.com.au

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    May 21, 2003 - 11:02 pm

    Willi,

    Thanks for the info. Have read the article.

    Ta
    Kellieanne

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    May 21, 2003 - 10:59 pm

    Hi ToeEdge,

    Thanks for your reply and yes it is as clear as mud (well maybe). Yes you did made sense and thanks for the post.

    Kellieanne

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    May 21, 2003 - 10:57 pm

    quote:

    Hi Kellie, I’m sure someone more knowledgable may give a better answer but I’ll have a go.[:I]
    LVR is Loan to Value Ratio. IE The amount borrowed in relation to the value of the property, usually the purchase price.
    From experience I have noticed if it is a PPOR they will usually lend you an amount in relation to the purchase price; unless the valuation comes in a long way under. If it is an IP I’ve noticed the lenders valuation may come in under the purchase price and that is the figure they use to generate the LVR.
    A bank will lend you 110% if you have the equity to satisfy their LVR rules. Usually if the LVR is greater than 80% you will have to purchase mortgage insurance (just another cash grab).
    Clear as mud hey.[:D]

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