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Viewing 20 posts - 1 through 20 (of 20 total)
  • Profile photo of obiwan22obiwan22
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    @obiwan22
    Join Date: 2007
    Post Count: 30
    July 5, 2011 - 6:06 am

    Thanks Maree

    Profile photo of obiwan22obiwan22
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    @obiwan22
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    Post Count: 30
    September 23, 2010 - 10:32 pm

    Hi Kumar,

    I have not settled the insurance issue yet but I'm keen to get it resolved soon.  I think you should contact the insurance company to find out what the policy covers.  If there is any progress at my end, I'll keep you updated.  Thanks.

    Cheers,
    Corinne

    Profile photo of obiwan22obiwan22
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    @obiwan22
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    Post Count: 30
    June 30, 2010 - 8:35 am

    Thanks everyone for the tips!

    Keiko – Unfortunately I have told one of the valuer that I am with NAB previously.  Maybe I should use the other valuer since I haven't told them who I'm with yet.

    Profile photo of obiwan22obiwan22
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    @obiwan22
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    Post Count: 30
    June 28, 2010 - 9:43 am

    Hi Everyone,

    Thanks for your replies. 

    Limited Recourse – I have had a depreciation schedule done by a quantity surveyor prior to renting my IP out.

    Banker – My mortgage is with NAB

    Keiko – So, I should just let valuer know that the purpose for valuation is for obtaining finance and to be addressed to myself.  Then, when it's done to get the valuer to redirect a copy to the bank?

    Thanks.

    cheers,
    Corinne

    Profile photo of obiwan22obiwan22
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    @obiwan22
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    Post Count: 30
    June 28, 2010 - 3:45 am

    Hi Terry,

    Thanks for your reply.  My banker said I have a choice of 2 valuers and that I could contact the valuers to get a quote before letting her know which one I want to use.

    I was wondering if I should order the valuation to be addressed to myself then redirect to the bank or just get the bank to request for one to be done with the valuer that i choose.  I gather that I would be able to estimate the value of my property from the LVR that the bank approves and dont really need to have a copy of the valuation report.

    Profile photo of obiwan22obiwan22
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    @obiwan22
    Join Date: 2007
    Post Count: 30
    February 4, 2010 - 12:56 pm
    hi aaabbbccc,

    thanks for organising…. i've had a great night.  looking forward to the next meet up!

    cheers,
    corinne

    Profile photo of obiwan22obiwan22
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    @obiwan22
    Join Date: 2007
    Post Count: 30
    January 8, 2010 - 9:04 am
    I'm new to investing too and have only just bought my first IP. 
    Would love to join the group if you all dont mind having newbie  
    I'm also in the East.  Any weekday nights after 7pm is fine with me.

    Cheers,
    Corinne

    Profile photo of obiwan22obiwan22
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    @obiwan22
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    Post Count: 30
    January 7, 2010 - 11:54 pm

    Thanks for the tip, Terry.  I've worked that out now

    Cheers,
    Corinne

    Profile photo of obiwan22obiwan22
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    @obiwan22
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    Post Count: 30
    January 7, 2010 - 9:29 pm

    Hi YI and Chris,

    Thanks for the advise and sharing your experience.

    If I get the interest only loan with an offset account, do I park all my savings in the offet account? or do I leave that account empty so that I can maximise my tax deduction and only use it when I move into the IP in future?

    I'm not sure if the front unit is owner occupied or tenanted.  I wonder if the selling agent would know.  I'll give him a call to find out later.

    Do I have pay the whole cost of the insurance of the common driveway if the owner of the front unit does not want to share the cost of the insurance, given that they dont use it for accessing their property? Is the owner of the front unit liable for any public liability claim should someone gets injured in the common area?

    Cheers,
    Corinne

    Profile photo of obiwan22obiwan22
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    @obiwan22
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    July 11, 2009 - 2:45 pm

    Mike,

    You're the best! Many thanks for your help, mate.

    Cheers,
    Corinne

    Profile photo of obiwan22obiwan22
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    @obiwan22
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    June 21, 2009 - 12:33 pm
    Thanks for sharing your experience, Devo76.

    With regard to paying a deposit, does it get refunded if I make an offer but end up not buying the property for some reason (eg,
    vendor counter offer but price too high and I decided not to proceed with the purchase, finance wasn't approved etc)?

    Profile photo of obiwan22obiwan22
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    @obiwan22
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    June 21, 2009 - 12:21 pm

    Hi Mike,

    Once again, thanks for your help! Greatly appreciate your kindness!

    Profile photo of obiwan22obiwan22
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    @obiwan22
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    June 21, 2009 - 8:30 am

    Thanks everyone for your replies.  I'm currently waiting for the agent to email me the section 32 for that property.  I am thinking of making an offer prior to the auction on 4 July and see how it goes.  Wish me luck :)

    Jamesy,  would you be able to send me a PM with the contact details for Mary Haines Conveyancing? Thanks!

    Cheers,
    Corinne

    Profile photo of obiwan22obiwan22
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    @obiwan22
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    May 16, 2009 - 1:13 am

    Hi Mike,

    Thanks for the report.  The information is very useful to me. You're a champ!

    cheers,
    corinne

    Profile photo of obiwan22obiwan22
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    @obiwan22
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    June 20, 2007 - 11:37 am

    Simon, thanks for for sharing the info.

    Luke, is Betta Build a Hontondo franchisee?  I will get in touch with Betta Build when we are ready to build the house.  We'll will going to see the Hontondo display home this weekend and also need to sort out some matters in the coming months before we can go ahead.  We really like the design we saw at the Hotondo website and hope the quote will be within our budget.

    -corinne-

    Profile photo of obiwan22obiwan22
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    @obiwan22
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    June 20, 2007 - 10:45 am

    Hi Mat,

    The 11 second rule is kinda outdated and is no longer applicable in today's property market.

    Profile photo of obiwan22obiwan22
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    @obiwan22
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    Post Count: 30
    June 20, 2007 - 6:45 am

    Hi,

    Thanks everyone for your replies. It's our first time buying a property so we wish to know as much info as possible before signing any contracts.

    Simon, for Hotondo Homes can we select the builders that we want our house built with or do they simply allocate a builder to us?  We like one of the Hotondo designs and would also like to make a little modification to add a small patio to the Master Suite.

    Luke, we are planning to build in the south western part of Melbourne as that's where we can afford now.

    -corinne-

    Profile photo of obiwan22obiwan22
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    @obiwan22
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    June 12, 2007 - 2:56 pm

    Hi,

    I live in Carlton, and I am assuming the apartment you are planning to buy is one of the many student apartments found in Carlton.  There are currently 6-7 blocks of such student accommodation found within walking distances of the university.

    Being a student myself 2 yrs ago, I personally wouldn't pay $200-250/week to rent a room in your apartment when I could find a 2 bedroom apartment also in the vicinity of the university for between $280-350/week in carlton.  Bear in mind that most students are very budget conscious and would prefer to look for cheaper place to rent, thus looking at other areas near uni, eg parkville or brunswick etc.

    Hope this helps   Good luck!

    coco

    Profile photo of obiwan22obiwan22
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    @obiwan22
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    March 16, 2007 - 10:36 am

    Thanks for your replies La and duckster. I think first of all I need to find out if the units are strata titled. Will keep you all updated. Thanks.

    Profile photo of obiwan22obiwan22
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    @obiwan22
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    Post Count: 30
    January 30, 2007 - 3:40 am

    Thanks for your reply Marc. I will go read more abt Point Cook in this forum.

    I was planning to live in the house initially since i hope to get the FOHG and then decide later whether to rent it out and get another property. I am excited about getting my first property but yet dont really know how to go about doing it. Is there a good book that someone could recommend me reading?

    I am also a little confused over the stamp duty to be paid. I read somewhere that if I get a pc of land first then build a house, I only need to pay stamp duty for the land. Whereas if I bought a completely new house + land, the stamp duty is applicable to the total cost of the house + land.

    Sorry if I may sound a little silly with all these questions but I hope to get some advice and learn from you guys in this forum.
    thanks.

Viewing 20 posts - 1 through 20 (of 20 total)