Thanks – 1Winner, Terryw, Handy Andy & suavemechanic for your advice.suavemechanic you mentioned that I should "offer vendor finance for about 20% of the value of the property" but didn't explain what vendor finance was or provide a basic strategy for me to consider in resolving my predicament using this method. It seems interesting and I would…[Read more]

Thanks v8ghia and L.A Aussie for your advice. I'm sorry I didn't get back to you both sooner.

There must be sum1 out there who has a bit of info, or comments to make about this. Were are U?

Regards – Moolah

It’s a two storey, 3 bedroom, residential Strata Title townhouse in a group of 10 townhouses, built in 1974 and located about 4km out of the city (on the affluent side of town). Presently, it would be worth about $250,000 – $280,000.

Regards – Moolah

Thanks “crj” for your response.

Land area isn’t a problem because I’d have 328 sqm in my proposal which is a huge area for a unit.

Also, do you have anymore info because you sound like just the sort of person who I should be communicating with.

What type of work do you do?

Regards – Moolah

Thanks Marc, Dazzling and Shaun for your responses. You all have very valid points to make in regard to possible land ownership in ET.

Regards – moolah [blush2]

Thanks Kate and JKMT for your responses

Moolah

Hi Coops

Look at my last posting under the thread “Strata vs Torrens Titles”.

I’m not sure what state you live in but if you can’t get clear access/eggress to the street for a Torrens Titled block then at least, go for a Community Titled development. Most State Governments have introduced this type of land ownership because from a social…[Read more]

I would never ever buy another Strata Unit. Look under “Strata” etc in the Search engine provided on this site.

You’re always better off buying a Torrens Titled property because at least your in control of your own destiny. With Strata Titled properties you’re not only trusting your Property Manager to look after your investment (if you choose to…[Read more]

Thanks Derek & Beanie for your responses.

Moolah [biggrin] (Should really be [angry2] for Mr Burns – shouldn’t it? Oh well – I’m afraid I’m not a very good actor)

Thanks Terryw (I like the suggestion you made in your last paragraph), Marc (may God Prosper you too)and Anna for your responses.

Can anyone throw any rough feasibility figures at any proposals to furnish the townhouse i.e. what sort of extra rent could I expect from a furnished townhouse vs a non-furnished townhouse etc?

Moolah [juggle] [winking]

I’m glad that you’ve decided to call Poperty Managers – “consultants” instead of “professionals” as it only serves to denegrate the true meaning of the word.

moolah

Bahhhhh !!!!! Humbug !!!!!

Dear MY

You say that “$45 per hour is a fair fee to pay for a PM.” and that you “pay both property managers and lawyers” and you are “not afraid to surround” yourself “with good professionals.”

I have two points to make regarding your statement and hope that they do not offend.

My points are as follows –

(1) You…[Read more]

JEEEEEE..S – Are they Poperty Managers or Lawyers? I woodn’t pay a Poperty Manager that sort of money to sit around twiddling his/her thumbs at one of those meetings.

The trouble is after many years of this sort of thing you get pretty p….d off and frustrated.

As I mentioned in my original posting –

Needless to say – over many years, I’ve had many arguments with many people within our strata complex, to the point were I’ve been ostracized for expressing some common sense and tring to stick up for my…[Read more]

Has anyone else got any more advice before this string runs its course in time?

Any more advice greatfully received

Cheers moolah

Does anyone else have “Strata Dramas” – or am I the only one? From what i’ve seen going on in our Corporation, i’d be surprised if I were the only one in Australia experiencing problems.

Like to hear from you regarding my original posting and Strata Dramas in general.

moolah

crj – I haven’t got any debt whatsoever on the new house or the townhouse because as I mentioned in my original posting but didn’t make very clear was that I received enough money from my inheritance to buy a new house – outright. Also, I had already paid off my mortgage on the townhouse many years ago.

Anymore help would be greatly appreciated.…[Read more]