Total Members: 159,409

NATS12

  • NATS12 replied to the topic What is bad with Cross Collateralisation in the forum General Property 21 years, 2 months ago

    Please elaborate Qld’s 007. I do not understand your point entirely.

  • NATS12 replied to the topic Are bank valuations really market value? in the forum General Property 21 years, 2 months ago

    Thanks for the feedback. Luckily I watch the market in surrounding streets to that property and there has been one recent sale and another currently on the market. That should put me in good stead for the valuation to be a bit closer to market value.

  • NATS12 replied to the topic anyone know about innisfail qld?? in the forum General Property 21 years, 2 months ago

    I know somebody that lives in Innisfail.

    They are also investing in property, but focussing on other areas of the country, not Innisfail itself. Because I know the financial situation of this person and what they have achieved through property investment, I know they are smart and I would not purchase there purely because I know that this…[Read more]

  • NATS12 replied to the topic new kid on the block…. in the forum General Property 21 years, 2 months ago

    It’s great to see other people my age here. I am 22, bought my first house nearly a year ago and am currently trying to be comfortable with my risk exposure and figure out how I will finance a second.

    Rural towns can be great for property purchases because the rental yield is often higher than in the big cities and therefore the repayments are…[Read more]

  • NATS12 replied to the topic Getting finance in the forum General Property 21 years, 2 months ago

    although you should avoid mortgage insurance where possible, because you are a first home buyer that may not be possible. I bought my first property in Melbourne at 21, and unfortunately due to my finances only had a minimal deposit. So, I had to pay the ridiculous amount of mortgage insurance on top of the stamp duty etc. BUT, because i bought…[Read more]

  • NATS12 replied to the topic HECS Debt in the forum The Treasure Chest 21 years, 3 months ago

    when i applied for a loan i asked the lender if they needed the details of my HECS payment because I pay about $60 a week through my wages and he said that they didn’t need that info because as far as they were concerned i’ve had that debt since working full time and I’ve still been able to show a history of savings and building up a deposit.

  • NATS12 replied to the topic Should I Sell? (Richmond) in the forum The Treasure Chest 21 years, 3 months ago

    Why don’t you get a valuation done on the property? You may be suprised at what it is valued at. That could be a start in the decision making process.

    Also, if you do sell what are you going to invest in. Maybe if you tell us what your alternative plans are we could give some advice.

  • NATS12 replied to the topic People still selling the -ve gearing con? in the forum The Treasure Chest 21 years, 3 months ago

    I live in Melbourne. To buy +ve geared proeperties, I have to go either interstate or rural. My choices are to buy 3 properties in some little rural town somewhere for $100k each or one place in Melbourne for $300k. The rural town will probably return $450-$500 per week. The Melbourne property will return maybe $260 per week. That is a big…[Read more]

  • NATS12 replied to the topic terrible mistake in the forum The Treasure Chest 21 years, 3 months ago

    i wouldn’t live and die by the 11 sec advice. It sounds like you are headed in the right direction. If you want to stay in metro Melbourne for IP’s it’s virutally impossible to get an 11 sec property unless you are looking at commercial properties.

    If you can get $290 a week on a property that you paid $280k for it’s better than what a lot of…[Read more]

  • NATS12 replied to the topic Equity in home in the forum The Treasure Chest 21 years, 3 months ago

    I would be worrying more about funding your retirement than funding the kids university fees. There is always HECS. Although you get a discount for upfront payment, it is very easy to pay off the debt later through the tax system. It’s what I am doing right now!

    Instead of paying my uni fees upfront I saved my money and bought a property…[Read more]

  • NATS12 replied to the topic What’s your motivation? in the forum The Treasure Chest 21 years, 3 months ago

    Although financial freedom is my goal so that I can go walking on the beach when I want to, see my partner more often and not be responsible to somebody else who has their own motivations in life, another reason I am here is because I love property. I find inspections exciting, finding that place that you actually think is worth your money being…[Read more]

  • NATS12 replied to the topic No Ones working in the forum The Treasure Chest 21 years, 3 months ago

    I actually like my job, but manage to get on and check the boards a few times a day. Though I am more of a lurker and don’t post that much.

    Still, hardly a day goes by that I don’t come on by to have a look at what exciting events have been occurring on these boards. [:)]

  • NATS12 replied to the topic what is a good salary these days? in the forum No Subject 21 years, 3 months ago

    it is so true that it’s what you save, not what you earn.

    My partner and I are both 22. I earn in the mid-$50’s and he earns in the low $20’s. But, he managed to put down half the deposit on our first house in a major city, and although doesn’t contribute as much as me on the mortgage, his savings are around 70% of mine. you would think…[Read more]

  • NATS12 replied to the topic Pensioner developer in the forum The Treasure Chest 21 years, 4 months ago

    Sorry, $150k each would get you large townhouses. Even double storey.

    For low quality and maybe 10sq each, then you could probably do it for around the $100k mark. But, it would depend on where the house is in terms of suburb. In the suburb will people pay $300k for a low quality 2BR place? If in Sydney, then likely yes.

  • NATS12 replied to the topic Pensioner developer in the forum The Treasure Chest 21 years, 4 months ago

    If we could all get finance that easily wouldn’t we all be doing it!! I don’t like your friends chances here.

    An option would be to say sell the block for X amount with the rights to a particular one of the properties of certain size, fixtures etc at a set price. Though, this deal would only find a developer if it was a good deal for them.

    Is…[Read more]

  • NATS12 replied to the topic Offers to buy? in the forum The Treasure Chest 21 years, 4 months ago

    Definately not good advice even for home buyers.

    When we bought our first PPOR we were willing to pay over $270k for it. We put in a bit of a silly offer that we never thought would be expected, but after only one round of negotiations we paid $20k less than what we thought was a fair value for the area. The agent obviously couldn’t be bothered…[Read more]

  • NATS12 replied to the topic young investor needs advice on stubborn tennant in the forum The Treasure Chest 21 years, 4 months ago

    When did this property settle? Your friend has 12 months from the settlement date to move into the property. If he/she does not, then they jsut hand the $7k back prior to 365 days passing, and I don’t think the state revenue will ask too many questions. He/she has a pretty decent explanation anyway.

    However, no matter the age of this person,…[Read more]

  • NATS12 replied to the topic How many you got? in the forum No Subject 21 years, 4 months ago

    I am new to this forum, but it’s so nice to find a place with people that understand my interest in property.

    I am 22 and bought my first IP in Jan 2002. This will become my PPOR next year and I hope to get an IP before moving into my PPOR.

    If only I had started a couple of years earlier. Will just have to work a little harder now [;)]

NATS12

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