Forum Replies Created
No worries thanks Paul , have just PM'd you.
Cheers
Thanks for that.
The customer is buying of us and then we can commit to what we want and so basically waiting on them and their Westpac app’ . They put it in about 5 business days ago , apparently bank said all seemed good for the laon but as yet they haven’t had any calls .
Would it be advisable for them to just ring in and see how things are progressing or would it be better to wait on the bank ?
Cheers
Thanks Rich.
Yes I know I’m usually purposely vague in the financially nitty gritties on websites . Might pm you if thats ok and will cover then.
Sounds like there may be something suitable .Cheers
Thanks guys . I’m sorry I haven’t gotten back as yet , problems over Xmas unfortunately , what holidays ? Owell hopefully next yr .
Richard , how short a term would a caveat be , how do I get it and what do I need , and, how would it be viewed in my refinancing later when the time came ?
On the 10% stuff , well if had to that would do as it’s not much money and I don’t want to lose the deal, it’s still far cheaper than getting a wrap anyway . What would they need , assuming at those rates it shouldn’t be much ?
No it’s not city Terry , town zoning but -viewed semi rural by banks to my surprise b/c the house itself is still 15 min’s outside of the bigger main regional town ina tiny dot town and so answering Richards question on why not the bank- b/c they’re peddy and a pain in the a’s on that matter of it being 15min’s out !
Cheers .
Thanks guys , there’s some good tips here , I’ll probably need the lot .
Allot of us know the feeling , Jesus I don’t know we work our a?s’s of to get ahead , go out on limbs and have the guts to have a go yet these scum think it all comes easy and we deserve to be ripped off , run about bleeding the system for all it’s worth , bloody sickening really.Anyrate , onward and upward I guess and in the meantime, colors may turn if I’m lucky . I’ll be giving my places and efforts the tenants it all deserves in the future let me say , and taking your insurance advice from ‘now’ on , no ifs or buts.
Ps , Hi Ten Burner. Thanks mate but I think that would be interrupted as brown-nosing and trying to explain yourself in country eyes , they ain’t getting that opp’ of me . But thanks all the same and I appreciate the sentiment.
Happy new year one and all
CheersThanks guys , it’s helped spirits on the situation.
Fronting up being the bad guy with all the eyeballing won’t be fun in the new year , what a start but , we can only hope true colours do get revealed sooner rather than later I guess. Mind you , they would have had a couple of payments due by then so it is a possibility as that’s when it hit the fan at my place so here’s hoping.
Tell you what , I was over there the other day , looked across and almost couldn’t resist a visit , the things you see when you haven’t got a gun eh .
Cheers
JacM wrote:By the way, if you find these people to be threatening, it might be useful to take out an intervention order to keep them a certain distance away from you and your property.Thanks for the kind words and advice JacM.
Thanksfully no it’s not really a personal threatening situation that’s bothering me , atleast thats something. Although when I first found out I certainly felt like paying them a visit . No way I’d win though I knew that , hu , they’d probably be hoping so that they could land me in court and take me for the lot.
I see now how they work , running around pleading hard done buy until some sucker just can’t resist offering them something else for nothing, exactly what they did with me.Thanks for the suggestions , good thinking and selling ideas , spose I’ll have to do something like that if suspicions are right . Thankfully damage was more mess and rubbish than anything so it’s all cleaned up now but what a sight . I normally take pride in keeping the place looking as good as it can, lost rent to of course .
Cheers
Thanks Maree
Yes it's RSD . On that one with another property I owned, I shifted the mail box 1 k up the road. I just left a note for the posty saying tomorrow I'm shifting my mail box upto , no problem . He just went there from that day on which he went straight past the spot anyway so. But this one isn't quite as simple as they aren't my mail boxes .
The pull in I'd say is shire owned . Do you think they would actually charge me for the work , it's their roading and it's disturbing a residence , well that was going to be my argument anyway ?
This place is cheap because of this stuff but I wouldn't want to go paying the shire none the less.
I could actually just lay down 2 truckloads of soil myself for $500 and plant over that , another option . Not sure if they'd turn up the next day though and make me undo it of course, or whether they'd even notice .It's a great idea . Stuff like this has been going on for centuries , even Picasso traded paintings for his last mansion . Do some checks and take a look at this piece of realestate , couldn't believe it .
In papers like the trading post you use to often see some sort of property trade ad , same QLD . When we first went upto QLD just before the boom there was quite a few trade for property ads in the papers, boats , all sorts of things.
It's just that Australia became so much about the almighty dollar particularly in this last 5 -6 yrs but times ahead will bring the human side back into oz I think .As an old boss of mine use to say [ I never understood it at the time ] recessions are good you actually don't want the economy going too well , so here we go . He was a multi millionaire and a pretty clever cookie. Looked like an elco' , classic bloke .
He use to say public services shouldn't run at a profit too .
But all sorts of things are becoming allot cheaper already and once again some creativity and sole is starting to surface so there ya go, maybe the bugar was right .I've even been thinking of offering a land trade to a seller of the property I want , as a deposit. Wouldn't have a clue how to work it though for starters before even getting to the whether the seller might be interested or not.And you could just imagine the way they'd just love to complicate the paperwork and legalities of it all these days so I don't know.
Bring it on Wealth , looking forward to seeing it.
Cheers
Doing it yourself is a great way to go unless need someone experienced .
Last time we moved , my poor wifey spent days phoning, quotes of 1000's $, bookings, worrying , whether they'll turn up on the day, the price.
A few days of that I said stuff this I'm buying a trailer and moving us myself , after that I sold that trailer again and we'd moved for free as compared to 3 grand best quote . The ease and lack of worry and hassles was worth much more .Renovating , how many wasted mths and budget blows outs do you hear when someone is 'having' their house renovated . The stress of no one turning up and the hassles and mths of work is usually killing them .
But it never ever ceases to amaze me just what a little bit of your own labor can achieve in property .
We bought a reno that no one would touch and it was on market in the middle of the boom for 9 mths . God knows why looked like a little gem to me . We payed 65k , spent 250$ bucks and resold it for 140 . This place was so just superficial surface stuff , people started dropping in to ask about it and admire the changes.The next was a 7 ac place , what a mess .The first few mths I thought what have I done ! But again just wondering along it gradually came into shape, lot's of tip trips thrown in . Labor alone , not one cent spent apart from the tip trips , totally changed the whole property . It was a totally different place.
Spent 50 bucks on seedlings at a nursery near , would chip loads 6 bucks a load form mill , Some nice rocks. It was mind boggling within 12 mths , with plants and rockeries coming up , property cleaned up . House basically just lightly nailed backed into shape , the difference was just amazing . Even to just nail back on one piece of wood falling off , paint it , what a difference.Now l look for those types of places where labor more than truckloads of money will make the difference and it's so satisfying.
Cheers
Scott No Mates wrote:You may need to get a da purely for storage of the house – I have previously been hit for requiring a DA when I was dumping fill on some land.Speak to the Town Planner & get a feel for whether they will require a letter or a formal application.
Wooo me don't likem dem town planners , or councils , shires or anyone that might tell me I need to pay them money for sittin on their fat arse and annoying people.
Actually your probably right though. Only a council would come up with a way to charge us storage for keeping something on our own land .Thanks mate
CheersHybrid2007 wrote:I have had a general rule with my investing to not buy on a main road. However, I have found a property that is well priced on a main rd that is coastal. The unit has a view of the foreshore and water from the front living area.What are your thoughts of buying on a main road? Do you think main rd beachfront is ok? What should i consider?
If you like it and are happy with price , grab it.
Main road beach living is unreal and often what people look for. I hate traffic but I lived on a strand for years, it was a great life.
My sister lives on Beaconsfield , St Kilda and I also love dropping in there.Cheers
wealth4life.com wrote:Hahaha GMH u r toooo modest it's because you are tall, suave and sophisticated not to mention good looking and funny …I watched dateline last Sunday sorry I can't remember the name of the American fellow I think it was Roberts … anyway he said some very interesting things … one was he thought they should let GM go broke … two America is only doing short term fix … three America has lost it's position as a world leader … four, the people who sent America broke are now advisers for Obama … five invest in silver, gold, zinc and cotton …
I've just finished reading the latest Dent report which is another interesting read …
The only thing I have trouble fathoming is this … if property surges tomorrow who can afford it? I mean look at the times earning ratios we are now 10 time to income … are all of you saying prices will keep going up to and beyond 20 times income??
Something aint right in me thinking ?%#?
And finally bugger all you first home owners I saved hard for my first unit with no help from the government with no hand outs of 24k and free stamp duty … my kids have over $20,000.00 in savings already from a new concept we are teaching them called SAVING. Go buy the richest man in babylon and give it to your children to read 100 times.
Sorry i'm having a bad day … and finally GMH my favourite saying from an old pholosopher is "head the roar of the distant drums" translated in simple terms it basically means more s..t to come
D
Yeah I agree and have said for a few years now it's just not physically possible for most of our property to double again for a very long long time. Maybe some well bought stuff though especially if wait awhile.
People are actually going to have to do something again , get creative , buy the right stuff and yep, get creative some more.Lucky for me that it just so happens I love nothing more than getting creative , well almost nothing more. How much of a buzz is it in taking one property and turning it into two , or three or making it something , I'll almost be in my element. Very nervous but , in my element.
Cheers
PS – God bless America , hey I just wish Bush would come back , um , not !
Got ya , and it's a good one I reckon . As good as any unless you actually like playing more with property as I do .
Knew one couple that bought this house in the back streets of Toorak in the early 70's for 70k . They sold it for 2 1/2 million about 2 yrs back . They just had their own house plus this one which had been rented out the whole time and it'd also been a great extra wage for them for years . Later on they restored it , then the boom came and they sold it.
Something like my backup plan .
I want to go on with property but I also want three aside and held. Our own home , one for my daughter and one extra for us . The two renters I want to buy in a yr or two , both on double blocks and good renters , after we know how things and prices are panning out.
Then I figure if in worse case scenario and we do get a 15 yr slum I should have some prime realestate and extra blocks right about ready for the next boom.
Then by just before the end of that one , at it's peak we'll be ready to retire ourselves and hopefully set up and my daughter will have a great little paid off property , with an extra block to set herself up .
Hopefully by the time she even goes to uni , if she does , hers will also be well cash positive , and that can also be a part time income for her in the meantime .I want all my property messing around in the future completely aside from those three and nothing to do with them financially in any way .
Cheers
Yeah I don't mind the idea of a shift house but it'd have to be saving you a sizable chunk on building new or whats the point.
Wonder in Vic if you need permits to just have it plopped onto the block to begin with , not setup just stored there ?
Cheers
hbbehrendorff wrote:Owning 1 home or Investment property will put you far ahead of the crowd
I don't get you here hbb , what do you mean ?
I really hate this subject in away but it's such a need to know – somehow !
But unfortunately I don't think the roll down the old hill has even begun yet and it really surprises me that people could be thinking about the bottom – has it even begun ?
Things have flattened some sure and some drops and slows , you hear figures of what 3 and 4 , sometimes 10% , correct me if I'm wrong .
But I hardly think that's what all the fuss is about, that's nothing after the boom and our still now still 7 and 8 times the average wage prices unfortunately , not even close to a correction .
I realize some of the expensive luxury type stuff is seeing a lot more than that but that's expected as that stuff really was getting out of this world for what allot of it was .Isn't anyone thinking that we could well be last in the Q and that America could well be coming out of it as we're only hitting the real rough stuff , same China ?
We both could well be 6 -12 mths away from it really hitting the fan , wish I knew.
Or , maybe our prices will do what people were saying Aussie prices have done before , not so much drop but stagnate until the balance returns , dunno , wish I did .
Read one report today saying they expect mid to late 09 to be the roughest and then improvement through end 09 to recovery late 2010.
Just like before , you can find a report that says just about anything so it's not much help.
Thanks S .
Yeah no doubt I guess there's a hell of a lot of waiting , holding and watching going on . If you can you'd be mad not to I guess unless as you say an absolute no brainer pops up.
Cheers
Thanks very much for the info Brett very helpful .
I definitely need some mulling over time on this one.
Cheers
Thanks for those ideas SH.
Unfortunately the situation of that block isn't really suitable for something along those lines.But either property investors aren't investing right now in here with economy blues or the concept of this place should be re written as over all there is never too many so called creative thinkers around is there , so thanks for yours atleast there are two .
Cheers
