Hi OzPatinQ8,

Hate to ask for the favour also but would much appreciate a copy of the Property Manager Pro Version 3.14 if you have the time.

Please forward to [email protected]

Many Thanks,

Kim

HI Dragon,

My parents invested in a Defence home a few months ago and you’re right, prices do seem inflated, its definitely NOT postitive cashflow and they are puttin in a significant amount extra to cover the loan costs each month. Plus there are management fees which is i think about $1500 per year (not 100% sure). But good thing is its gaurenteed rent for 9 years for them so hopefully at the end of it the capital growth would cover the losses they’ve made during the 9 years.

Hope this helps in any way.

Kim

We’re building a house at the moment and from what we’ve been told by the bank, you don’t receive the FHOG until building commences so ANUBIS is correct.

Kim

Hi Fudge111,

I’d love a copy too if you could please.

[email protected]

Thanks

Hi Skater,

I’ve only heard bad things about Devine Homes.

I’ve had a couple of people tell me that when they went to find out more about it, apparently what happens is that you pay no upfront fees but as soon as they start building, you pay these weekly repayments which do not get deducted from your “mortgage”. All that money that you pay when the house is being built is apparently to cover all the fees. The day they finish building the house is the day the fees that you pay on a weekly basis gets deducted from the cost of the building. So i think people are being tricked into thinking the weekly repayments made during the building is taken off the cost of the building however thats not the case.

I have not had dealings with them myself so i don’t know how true all this is or even if it would affect the situation of an investor.

Hope this has helped in some way.

Regards,

Kim

Hi Guys,

i’m from adelaide too……only starting but been doing lots of research and am ready to buy our first IP, we are building a house at Evandale at the moment…..

Summo, i received the seminar invite from Rick Otten too, unfortunately we just purchased our tickets yesterday cause we couldn’t find a third person…..i should have waited!

A get together would be a great……count me in!

Hi,

I’m from Adelaide myself and my partner and i have been looking for an investment propery/first home for the last 6months. Everything thats around abouts our budget is gone or goes for ridiculous amounts at auction so we’ve been unlucky so far. We’re looking at the eastern suburbs like Magill, Kensington, Rosslyn Park etc.

Where abouts are you looking?