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  • Profile photo of N@thanN@than
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    @n-than
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    April 28, 2017 - 4:07 pm

    Frustrating indeed! Was it one of the big 4?

    Profile photo of N@thanN@than
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    @n-than
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    April 26, 2015 - 9:48 am

    If you have rental properties you have to expect these things to happen. If you don’t already have Landlord insurance make this a lesson and never go without it going forward. As long as you have the relevant insurance and all your paperwork in check (entry report, routine inspections, notice of breaches and eviction), then it will always be a pain in the ass but financially won’t be too much of a hit.

    Profile photo of N@thanN@than
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    @n-than
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    September 22, 2014 - 2:34 pm

    Seen this has been dug up from last year care for an update Oscar? Did you end up selling two of them for what you were after and keep the third? Would be interesting to hear how it all ended up?

    Cheers,
    Nathan

    Profile photo of N@thanN@than
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    @n-than
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    September 18, 2014 - 11:02 am

    That’s where a good mortgage broker comes into the equation. There are a few on this forum I am sure one of them will raise their head shortly. Basically they split the original loan and the available equity portion becomes sort of like a ‘deposit loan’ which you can use for your deposit, then your application for the new property is only 80-90% LVR against the value of the property.
    Don’t stress too much on it just leave it to the professionals..

    Profile photo of N@thanN@than
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    @n-than
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    September 2, 2014 - 12:47 pm

    Hi Jasmine,

    Do Reventon get paid a commission from the developer for the properties sold?

    Cheers,
    Nathan

    Profile photo of N@thanN@than
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    @n-than
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    May 12, 2014 - 4:06 pm

    One thing that could maybe be adjusted… the ability to rate your own comment and hence become a ‘5 star’ member. I just tried this to see what it would do and I instantly had a top score. I had to click the dislike button on my own comment so that I didn’t seem desperate haha.
    I think a persons rating should only be determined by how other people judge their comments, otherwise I think it will be pretty pointless as everyone will just like their own stuff to counteract and dislikes from people.
    Just my opinion anyway. Love the new look site.

    • This reply was modified 10 years, 7 months ago by Profile photo of N@than N@than.
    Profile photo of N@thanN@than
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    @n-than
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    Post Count: 241
    May 12, 2014 - 4:00 pm
    Made_Man wrote:

    One change that i found would be usefull would be that when you click on a link it opens in another tab and not in the same tab that your reading. this way you can finish reading and then click on the tab. a

    If you hold ctrl and click on the link it will do just this. Or you can right click on the link and select ‘open in new tab’. Super handy if you want to go through the recent posts and open up multiple posts to read through later.

    Profile photo of N@thanN@than
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    @n-than
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    January 11, 2014 - 11:34 am
    Paul B. wrote:
    The NewGuy:

    1. agreed

    2.Now my understanding from the meeting was that I don't pay interest on the equity. Why would I pay interest on money that is essentially already mine (i.e. not borrowed)? The way I see it is that the equity is already mine; I am using it to pay a deposit and cover fees on another loan.

    Yes we are paying 5.08%

    The $395 fee was already paid at the commencement of my home loan.

    3. The IP loan would be at 90%LVR therefore I am incurring the $6800 LMI.

    4. See point 2. I dont see how a third loan is justified?

    Paul,

    You will have to pay interest if you use your equity. It is not your money it is the banks. If you lend me $10 and I pay you back $4, doesn't make that $4 mine, If you were kind enough to let me take that $4 back again I would still owe you.

    Don't mean to sound harsh but it really seems like the blind leading the blind in regards to your banker. You would be mad not to take advantage of one of the top brokers that have already commented. Normally won't cost you a thing! I have been in your shoes and I wish someone told me when I started out! 

    Goodluck.

    Profile photo of N@thanN@than
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    December 27, 2013 - 4:48 am

    Thought I would dig this up!…. How did everyone go with what they said they would accomplish throughout 2013???

    Profile photo of N@thanN@than
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    @n-than
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    December 13, 2013 - 3:53 am

    Sounds like a replacement is the only way really. For the time being may just get rid of all the old white paint so it just looks like a normal purple tub instead of a purple tub with flaking white paint! I agree freckle personally I would love to get rid of the tub and just have a shower. Would open the bathroom right up but I don't want to loose that market of Parents with young children.

    Profile photo of N@thanN@than
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    December 13, 2013 - 1:13 am

    It will always seem like you are going to miss the boat if you don't jump in now, but really the deal of a lifetime comes along every week.

    Personally I would concentrate on building up your equity – paying down your loan if you don't intend on renting the house out in the future, or manufacturing equity through reno's etc. Before you know it you will be more educated and more cashed up – win/win.

    As Warren Buffet has said "Wealth is the transfer of money from the impatient to the patient".

    It is hard, and I am definitely guilty of it but what he says is true.

    Good luck anyway.

    Profile photo of N@thanN@than
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    @n-than
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    December 4, 2013 - 11:06 pm

    Unfortunately there are too many like that Crido! I would say $300 is a cheap reminder and lesson learnt! Could have been a $300k+ underperforming/over valued property!

    Profile photo of N@thanN@than
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    @n-than
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    November 18, 2013 - 1:47 am

    If they are only selling new properties and in areas such as Gladstone, chances are they are just the 'middle man' for moving developers over supply of stock (now the heat has died down in those areas and there is too much on the market), while making a nice commission from the developer in the mean time. They probably don't have your best interests at heart and more concerned with lining their own pockets. Not saying they are one of these but there is alot out there like that so I would be cautious.

    Profile photo of N@thanN@than
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    @n-than
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    November 15, 2013 - 6:54 am

    What eilatan28 has said is most likely the case. I know for my properties I get paid by the agent Monthly but the amount I get in rent varies as sometimes the tenants pay 2-4 weeks in advance and so the agent takes their slice when the money comes in. You should get a rental statement and it should be pretty easy to see on that?

    Profile photo of N@thanN@than
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    @n-than
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    October 10, 2013 - 2:02 am

    First comment, free book? haha.

    Looking forward to seeing it in the bookstores! Congrats

    Profile photo of N@thanN@than
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    @n-than
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    September 17, 2013 - 3:13 am

    How can they fix the hot water system for one week only? Would be interesting to see what would happen after that 1 week period… sounds a bit suss.

    Profile photo of N@thanN@than
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    @n-than
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    August 26, 2013 - 3:33 am

    So basically you will be buying as a PPOR and then turning it into a rental later on down the track? Is that what you mean?

    Profile photo of N@thanN@than
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    @n-than
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    August 12, 2013 - 3:05 am

    As this has resurfaced… How did you end up going in regards to the trip in June this year? How is the Chile market traveling at the moment?

    Profile photo of N@thanN@than
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    @n-than
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    August 7, 2013 - 2:54 am

    Hi Kade,

    Good to see a fellow Mt Isan on the forum!

    Hopefully you stick around.

    Personally I wouldn't go through YBR, I have never been in the place so I could be wrong but generally places like that leave alot to be desired. I can personally vouch for Jamie as I use him myself. Living in Mt Isa and using a mortgage broker in Canberra sounds strange but is really quite easy. In my opinion you would be mad not to give him a call.

    And yes, basically you would need 1.5mil of property (debt free) returning a yield of 7% to achieve your passive income goals.

    Obviously the higher the yield of the properties the less you need…

    Profile photo of N@thanN@than
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    @n-than
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    July 10, 2013 - 10:12 pm

    In regards to question 2 maybe it is worth paying a couple hundred dollars to get a professional valuation done and then put this to your husband and show him what you are actually getting for the price you are paying. If it truly is worth 800k and you are getting it for 400k you won't get too many opportunities like that in your lifetime…

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