Forum Replies Created
I think that we’re all mature/adult enough to look beyond our differences, and besides, it’s nice to see that Yack’s back [thumbsupanim] and posting with us again!! YIPEEEEEE [specool]Good to have ya back Yack!!! [tongue]
No Brady,
I didn’t USE their signature, THEY signed the contract themselves!!!!
The contract was signed as Mr & Mrs X and/or nominees, and then two weeks later (when I turned 18) I was the named owner.
Had my 18th birthday been months away, another option would have been for them to sign all the paperwork but put me down as a “tenant in common” and later transfer the title to my name solely. Or some such process……check with a solicitor for exact terms, but there are ways around it. BUT YOU CANNOT SIGN THE CONTRACT ON YOUR MOTHER’S BEHALF she has to do that!!!
She can sign for you, as you are a minor, but not the other way round!!!
Furthermore, she can sign the sale contract as my parents did, with you as a nominee, and then nominate that your name be put on the title.
Jo
Hi Brady,
Yes they do….I was one of them myself.
I bought my first property just 2 weeks short of turning 18, but I was not allowed to sign the contracts, this had to be done by my parents as I was still legally a minor.
Cheers,
Jo
Hi Celivia,
Oh, and BTW….[drummer]
HAPPY BIRTHDAY YOU OLD DUCK!!!!!
I understand the intend of fjficm’s original post, and I am sorry if it is somewhat detracting from his question, but I thought for those who were considering replying, they maybe able to shed some light on the issue for someone who is new to this “depreciation” game. [blink]
Sure, I agree, an ounce of prevention is far better than a cure, but can’t blame me for trying, hey???? [blush2] [lmao]
Cheers,
Jo
P.S. I realise I am doing fjficm an injustice by detracting from his post, and as such have posted a new thread with my question accordingly. Sorry fjficm [blush2]
Iil_Man,
If you go ahead and do what you claim, borrowing your mother’s signature (with or without her consent) you had better familiarise yourself with a word which will (without fail) get thrown at you a great deal, especially by those in the legal/justice system:
FRAUD
Don’t do it; it’s a
CRIME!!!!!Hi Sonja,
In Victoria you can have either 30/60/90/120 and maybe even longer if both parties are agreeable. However the shortest I have ever heard of (through my conveyancer) was 15 days but with lots of conditions written in. Better to stick to the 30 days; gives your solicitor/conveyancer enough time to do title searches and other related paperwork without having to write in special conditions and thereby charging you extra!!!
But then you’re in NSW so I am not sure this will help!!!! [blush2]
Jo
Ohhhhh now I see, yes that makes sense; thanx for clearing that up for me Kay [thumbsupanim]
Cheers,
Jo
Sorry Kojo,
Excuse my ignorance, but could you tell me what you mean by “bork”???? [blink] Maybe it’s late, but I am not familiar with that one!!!
Jo
Thanks David,
My theory is that we all have something to learn from and teach each other, and what better way to do this, than through mutual sharing, particularly when the vehicle of opportunity is an open forum such as this. So welcome, and happy sharing!!!
Anyway, just one question for you, if I may???? What/who are Ulysses members???? [blink]
Cheers, [tongue]
Jo
Dear sweet Aussie,
Where do I begin……….??????
I am married to hubby #2 (6 years my junior) need I say more???? (he is pictured with me in Members Pic Page)
I did very well in the boom times, selling off properties that I had bought in a low market.
I traded in shares for a little while, nothing to rave about!!
I ran my own psych clinic for many years, and then sold it off to kick back and travel before I decided to re-marry!!
If you haven’t already noticed, I am on here pretty much everyday….so yes, I am “semi” retired, semi because I still see the odd (ex-patient) from time to time in my own home. And am I blissfully happy???? Yes & No!!!! My husband is a very conservative investor, fearful of making any wrong moves (Bless him!!!!) He keeps me in check, so I guess I gotta love him for that don’t I???!!! [inlove]Cheers, [tongue]
JO
P.S. There is no secret in what I have achieved, you can do it to; research, money, and timing is what this game is all about!!!! Have fun [sunny]Well done Aussie,[thumbsupanim]
Yep, hubby and I both own our cars outright too. And my accountant is tearing his hair (what little he has) out!!! We seriously need to be in debt, otherwise, we are going to get [smash] (again)!!!
Jo
Hey Sairah,
Don’t be so hard on yourself; better late than never….welcome aboard (the forum and property investing) [thumbsupanim]
Back to Matt’s questions:
5 – 1 PPOR, 4 1P (owned outright so = Pozz)
41
23 yearsAnd still loving it!!!! [inlove]
Cheers,
Jo
Hi Matt,
And welcome!!!!
You forgot rules 4-100+
Research
Research
Research
“
“
“
Have fun, enjoy the forum!Jo [lmao]
Baloo,
No need to PM you; you have the right to your opinion as you do the right to frown upon any comments made by me or anyone that you feel is expressing themselves to the contrary. That is the priviledge of free speech, and my intent is neither to make light of such, nor to offend in the process.
Yack,
My husband works for the Age, so I get the news well before it is in print, but thanks for drawing my attention to it. Furthermore….
I have the right to my opinion, and to those of you who do not share it, so be it, I do wish to convert anyone to my ways of thinking by any means.
Viva la difference!!!
Nonetheless, I wish to apologise if my “presumptions” views/choice of words, or any part of my post that may have offended or upset anyone, that was not my intention.
Kindest regards,
Jo
Originally posted by Baloo:Jo,
It was the ‘navel gazing’ & ‘doing nothing’ comments that I felt were presumtious.Baloo, if you frowned at these expressions, I think you need to really ask yourself “why”?? From what you’re saying it is not so much the words I used, but the meaning behind them that upset you (i.e. the doing nothing). I cannot change how I see things, and I should not have to for the sake of a “debate”. I am just expressing my opinion!!! You are entitled to your opinion Baloo, as I am mine. My thoughts are my own, and if you do not share them, that’s fine, but I am entitled to them no less surely?? Please, can we now leave it at that, so that this difference of opinion doesn’t get out of hand??
Hate to disillusion you Baloo, but that happens for the most part of any debate!
It is not the right way discuss a matter certainly, but nonetheless it happens. What you call presumption, I call fact, now how do you prove which is the correct description of what is actually transpiring??? The reason is quite simply, because it (the truth) is reliant on one’s individual perspective of what it is!!
Cheers,
Jo
P.S. I have chosen to “highlight” my words of emphasis, hope that is more fitting.Sorry Baloo, no shouting was intended, my use of capital letters is merely to emphasise, however I will attempt to refrain from doing so, hence spare your (and those of others) ears from any unncessary strain!
As for being presumptious; maybe so, but I call it as I see it!! If you don’t like my doing so, that is your call; my intention is not to offend, if that has been the case, I wish to apologise. It may be highly opinionated, but if it means that people will re-consider, then it has served it’s purpose.
With respect,
Jo
DD,
Originally I hit the quote button, wanting to quote your first paragraph, but then I re-read your post, and though no bugger that; the whole thing is worth mentioning!!!
I cannot agree more, beautifully put!!!!!!
Let those who are sitting there contemplating their navels, it will be them who run the risk of being left behind whilst those who are seizing the opportunities are reaping the rewards. If those people think the down market is here to stay for any great length of time and so choose to sit, LET THEM!!! All the better for me!!!!!
True, it is a different scenario in different states, some are better off than others, but OVERALL “realistic” selling prices are being achieved, discounts are possible and it is a smart investors buying time!!!
The key HOWEVER is (as I have said in many posts) is for investors NOT TO OVER-EXTEND themselves FINANCIALLY, but if they can afford it, now is the time to buy.
Good on you DD….I applaud you!!! Not many in here it seems would agree with you; but I most certainly do!!! [medieval]
Jo
Hi David J,
I am familiar with the Sunshine Coast, having recently (April this year) sold an IP in Caloundra at a very substantial profit. I realise that the market has cooled Australia wide, but some areas have seen bigger house price drops than others who have either stablised or been slightly reduced. Indeed, what you’re saying is very true, it is not about prices dropping at all, but a realisation by vendors, that the inflated prices once achieved in boom times are no longer the norm, and hence they (vendors) are being forced into asking more “realistic” asking prices; and yes, these reductions are seen by the general public as “bargains”.
I am in Melbourne, and prices have nose-dived quite considerably, providing great opportunities for investors and first-home buyers, but that does not mean that sellers are being crucified as a result, there are still profits being achieved, but certainly nowhere near the ridiculous prices of boom days gone by!! Clearance rates are at their lowest for years!!
If REAs are over-inflating/quoting unrealistic prices to their clients, they are doing so, plain and simply to gain the sellers’ business!! Please do not misunderstand me, I appreciate the difficult situation many REAs are in, especially property shortages (for sale) combined with many disgruntled or over-ambitious vendors who are unhappy about the market’s state of affairs. Call it what you will; a realisation of actual property value or a bargain, it is still a property being sold at a reduced cost is it not?????
7 year cycle??? It’s inevitable….the market has cooled, will continue to do so, and bargains are out there HOWEVER as I have said many times, these “bargains” come at a price, and if buyers are OVER-EXTENDING themselves to purchase property at a time when prices are low, they are FOOLS (to say the least) as the financial burden will far outweigh any long term benefits. Due diligence is a MUST and anyone who does not exercise same is acting on impulse and could be making the mistake of his/her life!!!!
I hope that has clarified my earlier post to your satisfaction, and I am sorry if it caused you any confusion. I am not a REA, but I can tell you from experience, I know more about the business than do many of them!!!!! How else do you think I have managed to secure my PPOR and 4 IPs (outright), certainly not on any REAs or the “herds” heresay!!!
Cheers,
JO
OUCH!!!!
Man, those poor investors are really in the crapper aren’t they?????
Jo
