Hi vicgirl,

I agree with Kay, the banks dont like it if you are too “rent reliant” and need you to earn stable income such as a wage to prove serviciability. Remember rental income is only calculated as something like 70% so if you earn say 100 bucks a week from an investment property the bank views it as you actually earning 70 !!!!

It sounds…[Read more]

Hi jspri,

Sadly I am still having to work, not that I mind too much I guess as it keeps me honest[biggrin] but I can’t wait for the day when I can tell my boss to taking a flying leap!!!!!

Being a wage-slave sux big time regardless of whether you like your job or not. Its okay to like what you do but working for yourself is what really makes…[Read more]

Thanx everyone,

Your feedback has been awesome!!!!!! [thumbsupanim]

I feel so much more confident now after reading your views that have puckered up enough courage to ring the agent and make a time to see him (with my offer) tomorrow morning.

I’ll be offering between 310-315 mark (a real bargain if accepted) and 14 days settlement. Wish me…[Read more]

Thanx Myydral,

Thats awesome, I really like that saying, did you make it up???

Pepper

Gee Whiz Super Ted!!!

Don’t know about that, I mean isn’t that really being a bit too cheeky??? Like, 330 is 15k less than their reserve, now to offer 30 less, oh gosh I dunno???

Do you really think its worth a try, and reasonable???

Pepper

Hi everyone,

Hope I’m not outta line here, but I’m sure I read on Steve’s home page here that most investors don’t buy using emotion, a big no-no or whatever. Is that not the case for most investors of property???

This is interesting to for me, as it’s my first time buyer “directly” without the aid of a buyer and it’s a whole new ball game when…[Read more]