dcwwood wrote:
Why is it every time I log in there are like 400 'guests' and only 10 'users'?Maybe the 'guests' don't know the benefits of becoming a 'user'? So all the 'users' lets create a list of why 'guests' should become 'users'…it benefits everyone!I'll start -1) You can actually engage the forum and post questions/queries and thoughts a…[Read more]

Sash,Thanks for your reply. Hopefully your project issues will get sorted soon and you can get on with building!All the bestMatt

Hi Sash,I read your post with interest as I am considering meeting up with the "Property Subdivision" Company and found your post google-ing to see what experience others have had with them. Hoping your happy to answer some more questions.How has your project been going since your last post (Nov 2010)?What size of development is it ?You mentioned…[Read more]

FYICarly will be on Channel 9 "the secret millionaire" show Monday 23rd Aug 9.30pm.Helping others gives new meaning to creating wealth.Matt

Try Benjamin King Money in Camberwell, have been around for 50yrs – they understand property investing, devleoping and trust structures.LIfesjourney

Richard,I Have the July API didnt see you in it. CheersMatt

Both have soldThank you

Hi Homerun,There is a Resource by Martin Ayles called "Development Blueprint" which used to be available for sale through this site, but is now out of stock. I put up a post yesterday under "General Property" asking if anyone is interested in buying it from me & noticed your Post & thought it may be a good place to start out & give you the…[Read more]

I have obtained a copy. Thanks

Hi Ali,1) So you mean we can actually sign the contract and pay a nominal deposit, like a holding deposit, without having the vendor sign as well?  Is this contract binding in any way then? YES! it is binding and agents use the contract to present an offer as it makes it harder for you to pull out.2) I thought once you sign, it means you are r…[Read more]

Ali,When you sign a contract, you would only offer a few hundred dollars to "secure" the property and should the vendors sign as well then you have say 14/ 21 days to carry out a building/pest inspection or what other conditions and if happy to proceed pay the deposit by the date set out in contract 14/21 days. Most ok with 5%.Be careful of the…[Read more]

I bought it a year ago and have used it on a loan with an offset attached (which is supposed to have most errors) for a statement period of 6 months so far and found that i am in front $40 and errors in bank favour were only 8c! I thought it would be the other way around – better in my pocket. You reminded me to check the other 6months. I was…[Read more]

Hi Maria,I have sent you and email,Thanks Matt

Lisa,Good job – those brown walls were pretty sad!did you paint the tiles in the toilet? Matt

Thanks for your reply,The way the article reads may lead people to thinking that only "your" PIT has these threshold benefits  “…..In Victoria it's very similar to NSW, except our Property Investors Trust will get a $20,000 land tax threshold…”  Although I realise these type of articles are designed to give general info whilst selling the "prod…[Read more]

HI Golfin,Would there be a problem selling off the 2 blocks once sub divided even if the tennants are there? A 1.8/ 2mtr fence would hide the units? Then use the money to start doing the units up.If the tennants are in breach of their tennancy agreement you could try and get them out…legally, not sure of actually process.OR pay them to leave -…[Read more]

CBA has risen 30bp on fixed and the "majors" will most likely follow in the next few weeks, not sure what variable is doing…no bank wants to be the first to raise, but will once the first has. Cheers Matt

I have noticed that agents like including garages as this can add a extra 4-5 sqs!Matt

Terry and Richard,Just talked to my Broker and he talked to ANZ again and was told that the info that he was given previously was incorrect! (my first post concern) and was told that it can be set up as initially intended – I just need to be a guarantor as I am a beneficiary of the trust.I am glad that this has worked out as My Father is my…[Read more]

Thanks Terry and Richard I will look into it.Terry, How long ago did you use ANZ for this purpose?And Richard have you used AnZ to do Hybrids?Matt