Pat007 replied to the topic No Bank loyalty anymore !! in the forum Finance 12 years, 4 months ago
Also like alot of times in business you need to remind yourself that a business is made of people, and with a large corporation you may hit a roadblock simply by speaking to someone who is technically correct, but unhelpfull or lacking in knowledge about what they can do for you.Try getting a meeting with a branch manager, if they are not helpful…[Read more]
Pat007 replied to the topic How to get foot into the door in the forum Help Needed! 12 years, 4 months ago
I am in the same position, but i take the view that while i save i can investigate, read , learn and ask so that when i have the hard cash to put down im not taking a gamble.depending on your entry level, personal loans, private lenders or credit may be an option.. it will factor heavily against long term profitability but will allow the building…[Read more]
Pat007 replied to the topic 2 WA Markets, Can’t Chose Which One? in the forum Help Needed! 12 years, 4 months ago
I lived in Perth for a number of years and can confirm that there is a fairly solid stigma around both of those areas, Armadale at least has a public transport rail link to the city and beyond as well i think ECU (Edith Cowan University) has a uni Campus near there or on the same rail link back to town. so in terms of renting you should have no…[Read more]
Pat007 replied to the topic Mould is hurting my ears . . . in the forum Help Needed! 12 years, 4 months ago
i have heard that about an 80% vinegar solution kills mould better than straight vinegar… this is because the hyphae absorb more before being killed off so you are getting to the root of the problem. worked for me.but yeah as they say address the factors that make the place attractive to mould, it does not like direct sunlight, it likes still…[Read more]
Pat007 replied to the topic Withdrawal of offer in the forum Help Needed! 12 years, 4 months ago
be careful to retain proof of fax / postage or email if it does go further and they say "what letter ? you never sent us one" .. you have to be able to prove you did otherwise they have a hard copy of an offer vs your word.
Pat007 replied to the topic pension and assets…have I done the wrong thing? in the forum Help Needed! 12 years, 4 months ago
Treat any and all advice from Centrelink as if it was a beaker of acid: fragile at best and likely to burn you either way.A lot of their stuff is means tested and they tend to expect you to sell any assetts you have to finance yourself (great way of getting people off welfare yeah ?) Might be worth looking at setting up an ABN or LLC and get legal…[Read more]
Pat007 replied to the topic Loan for deposit? in the forum TheFinanceShop 12 years, 4 months ago
TheFinanceShop wrote:
kateej03 wrote:
Thanks for the replies. I am the same as j21 don't have equity so would need a personal loan. Is there any kind of security required? I have seen a few loans around 15% does this sound about right? Thanks, KateHi Kate, You would need to get an 'unsecured' personal loan. Bendigo Bank have one at 13.49%…[Read more]
Pat007 replied to the topic Credit Card To Pay Back Loan? in the forum Finance 12 years, 4 months ago
On a related note, if used for an investment type purchase is the debt interest on a credit card claimable against Tax in Australia ?
Pat007 replied to the topic Investors being robbed blind by “advisers” in the forum Heads Up! 12 years, 4 months ago
I think unltimately "caveat emptor" rules supreme.however i do object to many of the hidden additional costs, commissions and kickbacks continually ramping up property prices in Australia while adding very little of value.And since the practices are wide spread and agents generally price based on what others are selling for and charging. this…[Read more]
Pat007 replied to the topic Buying a house with tenants in place in the forum Help Needed! 12 years, 7 months ago
Catalyst wrote:
The above information is incorrect I believe. If the tenant is on a fixed lease you cannot make them vacate. They have an agreement (lease) that says they can rent rhe property for the time stated. Its a contract. You could offer compensation if they do agree to terminate the lease.However as a third party you are not subject t…[Read more]
Pat007 replied to the topic Strategy for build own house and sell for profit in the forum Creative Investing 12 years, 7 months ago
Terryw wrote:
Pat007 wrote:
Another option to consider to keep initial costs low and minimise finance borrowed against your family home is this.Only buy / finance the block of land, get plans drafted and approved by council. Then sell based on the plan, i have heard that banks will lend up to 80% on the value of a signed contract ? (please…[Read more]
Pat007 replied to the topic Strategy for build own house and sell for profit in the forum Terryw wrote:
Pat007 12 years, 7 months ago
Terryw wrote:
Pat007 wrote:
Another option to consider to keep initial costs low and minimise finance borrowed against your family home is this.Only buy / finance the block of land, get plans drafted and approved by council. Then sell based on the plan, i have heard that banks will lend up to 80% on the value of a signed contract ? (please…[Read more]
Pat007 replied to the topic Strategy for build own house and sell for profit in the forum Creative Investing 12 years, 7 months ago
Terryw wrote:
Pat007 wrote:
Another option to consider to keep initial costs low and minimise finance borrowed against your family home is this.Only buy / finance the block of land, get plans drafted and approved by council. Then sell based on the plan, i have heard that banks will lend up to 80% on the value of a signed contract ? (please let…[Read more]Pat007 replied to the topic Strategy for build own house and sell for profit in the forum Creative Investing 12 years, 7 months ago
Another option to consider to keep initial costs low and minimise finance borrowed against your family home is this.Only buy / finance the block of land, get plans drafted and approved by council. Then sell based on the plan, i have heard that banks will lend up to 80% on the value of a signed contract ? (please let me know if this is accurate…[Read more]
Pat007 replied to the topic Dodgey agents in the forum General Property 12 years, 7 months ago
The reason Flippers do this is there is a large element of risk in flipping, time is literally money and you need to find a buyer quickly.If you can get an almost guarenteed buyer before trying to flip a place why wouldnt you ? you know what a guy who sells to the realestate agents on a large scale is called… a wholesaler.If the agent can then…[Read more]
Pat007 replied to the topic HELP! need to get out of contract that is unconditional in the forum There is some hope, look at: 12 years, 7 months ago
There is some hope, look at: https://www.propertyinvesting.com/forums/property-investing/general-property/4344060?it will affect the town but looks like the area has more going for it.May even attract some speculative buyers looking out for panic sellers in the wake of that closure announcement.
Pat007 replied to the topic HELP! need to get out of contract that is unconditional in the forum Help Needed! 12 years, 7 months ago
Terryw wrote:
The trustee will be sued and the trustee personally liable. If you are trustee you and your assets are at risk.Substituting trustees now won't help because the old trustee entered the contract.Whether they can come after other trusts the answer is yes they can, but it will depend on how it was all set up and transacted. If you go…[Read more]Pat007 replied to the topic My first step into investing. Reno’s! in the forum Value Adding 12 years, 7 months ago
because your doing most of it yourself and have been doing this stuff by trade for a while now, it isnt like the usual cautionary tales to the home handyman looking to rennovate a place for profit. i am assuming you know your stuff so half the advice out these is not suitable for your position. Like some guys here have stated, look at rennovations…[Read more]
Pat007 replied to the topic Did anyone used this Agent : 888 US Real Estate in the forum Overseas Deals 12 years, 7 months ago
on google maps you get a fantastic view of a massive substation with many high voltage towers only a stones throw away.i for one would be relieved if i couldnt purchase it, many more fish in the ocean no need to settle for that.
Pat007 replied to the topic do you know this person ? in the forum Help Needed! 12 years, 7 months ago
3bedroomhome.com.au – For BuyersIf so, give Nicky a call on 0450 905 807. If you'd prefer something in the north or east of Adelaide, then give Michela a call on 0411 366 661Information from google searches on web page reveal it no longer exists but cached search data is still present. info above provided in a sub link down the page on…[Read more]
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