Total Members: 159,193

pert

  • pert posted an update 8 years, 10 months ago

    We are buying a block of land and we have stipulated in the contract that it is subject to finance. Our broker has been told by the bank that finance will be given if the valuation of the land is favourable. The 5% deposit is due soon. I have spoken with the land developers sales rep and they have suggested that we go unconditional, infact they…[Read more]

  • pert replied to the topic Sell or Hold in the forum Help Needed! 11 years, 10 months ago

    One of the props in Leopold at approx 12 squares and the other is in Drysdale.

  • pert replied to the topic Sell or Hold in the forum Help Needed! 11 years, 10 months ago

    Hi, what is LO and IC property?

  • pert replied to the topic Sell or Hold in the forum Help Needed! 11 years, 10 months ago

    I'm 54 years old.

  • pert replied to the topic Sell or Hold in the forum Help Needed! 11 years, 10 months ago

    Thanks! It was a strategy I had in mind

  • pert replied to the topic Sell or Hold in the forum Help Needed! 11 years, 10 months ago

    Hi Shahin,

    Thank you for taking your time to reply.
    I will certainly give this some thought.

    Interest rates are because I am self employed and went for Lo doc.

  • Can any one tell me what a ppor loan is.

  • pert replied to the topic Planning Permit in the forum Help Needed! 13 years ago

    Thank you!

  • pert replied to the topic Planning Permit in the forum Help Needed! 13 years ago

    Hi Ballerina,Thank you for your help regarding my question.

  • pert replied to the topic not sure what to do in the forum The Treasure Chest 21 years, 3 months ago

    quote:
    if you can build and make such a profit it sounds worth it. could you rent your house out and rent another cheaper one to live in? – just whilst building – and then sell one to pay off the other?
    good luck.

    True I could rent mine for $350.00 per week and rent another cheeper one but I need to sell mine to raise the finance to build. even if…[Read more]

  • pert replied to the topic not sure what to do in the forum The Treasure Chest 21 years, 3 months ago

    quote:
    I got a question pert: Is your current loan 145k placing a strain on your finances (ie hard to service)? I think that is the crux for determing if you should sell or refinance to invest (though I could be wrong).

    Atm you say you have around 305k equity (450 property – 145 mortgage). At 80% LVR you could borrow 244k to be used for investing…

    [Read more]

pert

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