So nobody else has noticed our very own SIS?

SIS, I’m upset with you – you told me you had mentioned me……[glum2] PLUS they spelt Steve’s name wrong[blink] and put an .au in the web address.

Other than that, it was good advertising for the site though!!

Cheers
Mel

Awww, now I’m all sad that I’m not going as I reckon it would be great to catch up with all the regular forumites who are going….

Yack, maybe we’ll have to go to the next one so we can meet up with everybody.

Cheers
Mel

Terry, Rob strikes again.

Cheers
Mel

I’ve heard that mentioned, but not in that exact detail Scott – ie the date etc.

Cheers
Mel

xxx, my info has that rent rolls sell for $2K+ per property….

Cheers
Mel

I think Vic Ollis bought and onsold a ton of properties there…..[baaa]

Cheers
Mel

Hi Sonja

Not sure if I know about him, but if I he is the one I’m thinking of he’s pretty good….

Cheers
Mel

Sonja, is that the ones run by Peter Comben? He’s got an ad in API magazine, but I can’t remember his website..

Cheers
Mel

Alan, if you want to sell with Vendor Finance (a wrap) you will still need to settle on the land…

If you are planning on taking a 2nd mortgage, you could probably do that – but for the amount of cash you have in the deal as you still need to provide the full money’s to the vendor.

I’m not sure how your buyer would go with getting construction…[Read more]

Wow Steve, I like those income figures[biggrin]

Mini, the thing that Cashflow 101 has taught me is that you don’t necessarily need the income to qualify for the loans, but you do need to stump up the cash for the deposit! This is generally done by buying one or two props and selling for capital gains, or by buying and selling shares for capital…[Read more]

David, there definitely are some Ulysses members on here – or there have been in the past cos I remember a post dedicated to them, but I cannot for the life of me remember who it was now….

Cheers
Mel

Not in my experience. We’ve had to drop the rents on a couple of properties that are up for rent now – although it is a rotten time of year to look for tenants..

Cheers
Mel

Damien, I believe the answer is that they are harder to find these days, but you might have to get a little creative..

If you have a look at some of the regular posters on here, you will see that they are still finding these properties – most have switched to NZ to look, but some are still finding the props here in OZ.

It seems that every…[Read more]

Rob, as far as I can see it, miracle was asking Richard for a FREE copy of a contract that Richard has paid his solicitor to draft up for him. There is no advice etc. given, nor asked for, so I don’t see how he was being asked in his professional capacity. Noting a comment on another thread, he would be charging a substantial amount of $$ for…[Read more]

MA/Miracle

So what you’re saying is that because of the Privacy Act I cannot divulge anything that anybody sends me in an email to anybody else? Puhlease!!

I think Richard’s question was quite fair. If miracle’s solicitor is so clued up with 2nd mortgages etc. they should surely have a template of a put and call option already drawn…[Read more]

chickadee, it’s your personal decision, but Rob has made a good suggestion – ie. buy in trust name and rent from it – that way it is still an IP, but you can treat it as your own, and you’ll have the best landlord you can have.

Alternatively, you could ask for a longer fixed term lease from your landlord – I know if my tenant asked for a 4 year…[Read more]

Hi Danny

I said especially QLD cos that’s the only place the Reno Kings run seminars. If you read API magazine, they always have case studies of their students.

I believe they focus on QLD market because of the queenslander homes – being wood etc. they are easier to add rooms to, raise etc. than brick places (for obvious reasons I guess), and…[Read more]

Sonja, if it were me, i would have it written in the contract that you can move the house, and keep to a standard settlement – or earlier if your bank can come to the party etc…

if the seller is serious about selling, it shouldn’t be an issue..[biggrin]

Cheers
Mel

With the aforementioned member, what is really annoying is the fact that when there are ‘decent’ informative posts, at some later point they all ‘vanish’ leaving a LOT of threads that make no sense whatsoever…..[baaa]

Cheers
Mel

2 Pos, 1 outright, 7 Neg, 2 OTP (2007/8 complete)
29
10 years

Cheers
Mel