Forum Replies Created
Well that’s not fair. I don’t drink, don’t smoke, and haven’t had a speeding fine in the last year, but I’m only going to live to 89.
I think answering that I’m unhappy might have had something to do with it[
]Hey SIS, does being ‘terminated’ because I have ‘abandoned’ my employemnt count as retiring? If so, I might be there in a couple of weeks[
]. You’ve got to love the Public Service. They hand deliver their ‘exterminate’ letter to me on my birthday!! Coincidence? I think not[!]Cheers
MelOriginally posted by markpatric:
This is all a double edged sword, if the house does not increase in price, which is likely to be the case as the vendor is desperate to sell if he offers financeNot always true as I think Leigh’s story attests. There are many reasons for vendors being desperate to sell – how about their marriage is falling apart, their is a need for funds for surgery, it’s a deceased estate and the kids all hate each other, people are overextended and can’t afford to pay the loan anymore etc. etc. etc.
where will you get the money to pay this loan, also he can foreclose on you as I understand it the minute you cannot stick to the contract.If you are buying properties, you should seriously have your plan, and your backup plan in place for what to do when the payment is due. DO NOT go in blind, hoping that Cap Growth will cover it.
Hopefully Aussie will not go the way of America if they foreclose they sell the house for what you owe and that`s it you get squat.Our laws in regard to consumer protection are way different to the US. I believe it’s so much harder for a second mortgagee to take the property back tan in the States. Would need legal advice for sure to check our where you stand – as either party. Our laws require the banks/mortgagee in possession sales to go to auction as that is seen as attempting to achieve the highest price possible – and also has to be a fair price, so no bargains as in the states.
Mini, you’re kidding me right? [
] 6% for 5 years. No way.[:o)]Cheers
MelAh, Kay, ignore my welcome back on the other posts. I thought you were home, but obviously not.
Nope, I’m not going to get any of the $55K back. In fact, I still owe about $10K which they have STILL been taking from my credit card even though the company is dead. I’ve cancelled the card, and told them not to take any more money, but they didn’t listen, so I’ve disputed it with the Card company, and will not pay it.
As for the other, I get to pay $700 a month for the next 4 years to pay it off. That doesn’t worry me too much because I probably got most of the value out of the course that I expected – it’s just the company/trust setup that I was entitled to, deposit bond, accountant visit etc. that I can no longer get that I want to hold back the $10K for.
As I said in another post to Redwing, I have learnt how to find deals that will return in excess of 30% per annum, and the last deal that was offered to us (secured by land ownership) was an effective return of 70% over 18 months. So I only really need to a. find the $$ to invest in this, and b. use the returns to then pay the loan. I weighed up how much it would cost me when I enrolled, so nothing has really changed, except that we are no longer getting our 1/4ly meeting with Henry.
Hope you’re having a huge time in Austria. Say hi to Monika for us all!! [
]Cheers
Mel1154 Yay for me. Not as good as Young Investor, but my best out of about 40 attempts!! [
]Cheers
MelHey SIS, no, not disappearing, just had a book to read, and some filing to do. Now I’m procrastinating about the filing again [
]Aussie, where’s the answers to our questions?
Cheers
MelThanks Guys. Yep, 29! Almost turning OLD![
] Nope, no properties for my birthday, but a digital camera and all the cool stuff that goes with it so that I can take photos of my properties!!Not sure when I’m coming to sydney next PG – when are you guys meeting up next?
Cheers
Mel
]
] 6% for 5 years. No way.[:o)]
