Looking good!Bit late now, but you may have been able to sell or give away some of the plants you took out and let others do the work digging them up for you! An add in the freebies section of a local paper stating free mature plants buyer/taker to remove, could have saved alot of back breaking work and possibly made a little $$$

There is also the fact that with this person not being on the lease, if they damage anything, the freinds that have the lease  are the ones who will be liable. Not saying that will happen, but sometimes accidents happen, or people you thought were nice turn violent and punch holes in walls etc…..just something to think about for them! Nell m…[Read more]

Thanks, yeah he said when he got back that he could do extra payments, but doesn't matter since he can't get 100% for Narrabri

Well he went and saw RAMS today, no go, they won't lend 100% in postcode 2390 but they will lend him up to 350K, what a bummer, but not to worry , at least now he knows how much he can borrow, just needs to find an area with a good investment that they will lend 100% for. I have someone else lined up anyway that was willing to pay 500 above my…[Read more]

Hi Mark,No we wouldn't do a wrap with him as we would need at least 15-20% deposit to use the funds for what we want to do (our main reason for selling) Besides I have 2 other interested buyers that i'm holding off, one of which has offered $500 more than asking price, if he can't get finance then that's cool, I can always sell to one of the…[Read more]

Yes, but then I would have to pay the real estate a commision, and I don't know that they would like to wait a few years to get it

I thought of that, but I don't have his name or contact details as it is through real estate that we will be renting it out.

Thanks,Yes that is what we have decided to do, as the water problem in the area will be recitified by christmas (very yucky water) I think the area will improve value and sales wise. Now I just wish the PM would call me back so I can discuss with him. I've gone through all this worry and now i'm wondering if the prospective tenant has even looked…[Read more]

YAY, finally huh Hope they now allow early access for you

Hi Emma,He isn't elible for FHOG, his wife (my sister) would have been, but unfortunately he owned for about 2 month 16 years ago before he split with his ex.He doesn't want the investment loan as it is compulsary IO for first 5 years (no extra payments allowed) and he wants to pay an extra $150 p/w, so he will try for the one your getting and…[Read more]

Yeah hope so, I guess technically he could live off the 5K for 1 month and save the deposit from his salry for the next month

Wasn't sure how serious he was, but he went and got a 5k loan for legals etc today! Hopefully that will cover most of the LMI !

thanks

Thanks Richard, I will be paying his stamp duty as this what what I offered to other if full purchase price paid, how much would LMI be on 148,000?

Just visited rams site again, and they have their investment loans advertised as Maximum LVR 100% – Investment Only Does anyone know what that means, because the normal home loan that is 100% doesn't say 100% owner occupier Only or anything. Am I correct in thinking they WILL lend 100% on investment property?Thanks

Yes, true Richard, hopefully Rams will do 100% there, might give them a ring. Just checked with the valuer I trust and they are on rams panel

Thankyou both, my family member has a good credit record and great income, just no savings, he thought both our houses for sale were over 200k, it wasn't until today when I was talking about my Narrabri IP and that it was 148k did he even think about, he asked what the rent was and realised at $210 p/w that it is agood buy (specially since he's in…[Read more]

Well melbdude, all I can say is that it looks to me like you still havn't grown up!For me, I have 5 children ( 13, 6, 4, 3 and just turned 1) I can already tell my 13 year will think I should let her stay home forever if she wants…not gunna happen! If I let her stay past 18 she will be paying ren and board, cooking, cleaning etc as if she were…[Read more]

Hmmm got me there, I have never had to, nor when I sold did they have to pay mine. Perhaps it was written in the contract?

Could they at least write you a cheque instead for that month rather than waiting another full month?