Forum Replies Created
Probably the $ 200 story came about because the solicitor acting for the lender may charge something extra to cover his time for needing to look at the deed.
I doubt however that they would charge $ 200 as basically they have been squeezed by the lenders so that they charge reasonable prices.
And I believe that generally they are very reasonable charges.
There is plenty of competition out there so they have to fall in line if they want the work.
I just looked up one solicitor’s charges and it indicates $ 150 + GST for additional documents.
I would think that for mainstream lenders you may be paying the solicitor probably about $ 100 + GST
However, if it is a tender point with you ask your broker to find out for you.
Pisces
If you go to
http://www.eatability.com.au/au/sydney/amber_lounge.htmyou get an opportunity to vote on what your impressions were about the place.
Ambience, I suppose that includes how congenial your fellow investors came across.
You can use your website handles when you vote and later today everyone can see how you found the place and how you all got along with each other.
BTW I think a better place may be the RSL club in Burwood where they put on a mighty smorgas board.
If the meeting time were to be say 7 pm (no-one of us has a real job do we now ?) we could have a meal there perhaps ?I don’t however know whether the smorgas board is on every night.
Another good meeting place is CitiTattersalls in Pitt Street, Sydney.
Cheers,
Pisces
Ah, Celivia, S.I.S. is 6 ft 2″ so the least he wants to know is how tall you are.
Pisces
>>As has been expressed take a digital camera with you as you will have instant replay of your pictures.<<
Slightly diverging a bit, has anyone had any experience with the newish camera/mobile phones ?
Are the pictures clear enough ?
Someone mentioned that the moment you blow up the picture it loses a lot of clarity ?If this is so, can that be overcome or are there particular phones on the market which don’t have that setback ?
Pisces
>>”what is the best strategy that will make the most money and how!”<<
I would like to add to the above the words ‘and which strategy would suit your particular circumstances’
Diverging ever so slightly, many people have bought the book titled ‘The One Minute Millionaire’, written jointly (?) by Mark Victor Hansen & Robert G. Allen.
I am just wondering how everyone does think about what is being said in the part that deals with the fifth AHA : ‘Givers get’. ?
That book by the way is in my opinion an excellent book to direct one and well worth buying.
It is cheap, as well.BTW MIchael, ( I personally do not recommend seminars)
I am inclined to agree with you on that if it wasn’t for the fact that some (many ?) people can get a benefit out of a seminar because it may enthuse them to get started.On another site I got a reprimand email from a zealous subscriber suggesting that I should attend a seminar.
I think they are between $ 10 K and $ 25 K or so + plus airtravel to the US. The amazing thing (to me) is the fact that people who are well on their way (having accumulated many properties already) ARE spending their money on these expensive seminars.
So it looks as if they are getting some stimulating hype out of the seminars for them too to spend that kind of money. (Though some admittedly get in free).
The people in charge of that website are so anxious to protect their bosses territory that they blank out any reference made in posts mentioning the competition.
BTW I think Rick Otten’s seminars also appear way overpriced.
Pisces
Chan a private message is on the way.
Glad you finally responded.
Pisces
What is a cattery business ?
In that particular council what is the minimum area one can subdivide in that zoning ?
Depending on your reply I may have some suggestions.
Pisces
Karan, there would be too much work involved in responding the way you are asking.
I suggest we start off with your particular circumstances so we can fit the answer to your particular circumstances.
1. How much time can you spend on real estate on a regular basis ?
2. Do you need to almost immediately generate an income from any real estate deals you are going to be involved in ?
3. Have you got money available to lay out ?
4. If you are employed how much do you think a bank would comfortably be prepared to lend you ?
5. How much risk (i.e. loss of money) are you prepared to accept if you were to buy a property (via say an option) ?
6. From what you’ve read sofar, what type of property deal are you leaning towards or thinking of as suitable for YOU ?
7. What age group do you fall under ? (In other words
how much time do you have left to let properties increase in value via capital gain ?8. Do you own any properties already ? If so what kind ?
Pisces
I suggest to do not reply directly to Karan by email.
It isn’t a personal matter so please show your reponse in this thread instead so we all can read it.
Pisces
Please note that all sales which are recorded are some two months or so old. (out of date) and therefoe can give one the wrong impression.
R.P. data may be O.K. (I am a subsriber) but is too dear ($ 195 per month or so ) just for obtaining occasional sales details.
Pisces133
YOu have already moved a house onto one block so why not do the same with thevacnt blocks ?
Will council allow this ?
Is the land too good to do this ?
Increasing your loan if it is going to be used for the above purpose looks fine to me provided (as I would think) the rental will make it worthwhile to do so.
Regards,
Pisces133
lol ok I should have said pussy CAT in the topic heading [}
][}][}]Im bad……..LOL
:þ
327.5 !!!!!!!!!!
I see Im not the only one addicted to penguin whacking!! hahahahahaha
:þ
>>The first objective was to keep underlying inflation to an average of 2 to 3 percent over the course of the cycle.<<
Kay, one doesn’t achieve a change in the underlying inflation by merely fiddling with the figures.
It doesn’t sound as if you know what I am referring to.
Pisces133
Give us one good reason Chandollars, why SIS and PropertyGuru should cut you in on the information.
Remember Coomera ? You never told us that was a good place to buy property when you bought a couple for about $ 60 K each, immediately after which they shot up to about $ 220 K each.
What is the saying again ? What comes around goes around ?
Don’t tell Chan anything guys. He doesn’t deserve it.
Besides, I am grateful you put me into the picture SIS and PropertyGuru so why bother to divulge the secret to a fourth party ?
Pisces133
>>The RBA always has a target of 2-3% Annual rise to be seen as managing a non-inflationary economy.<<
Always ?
A number of years ago the powers that be decided to change the make up of the CPI factors and manipulated it blatantly in such a manner that would have left the crook NAB currency dealers for dead.
I cannot for the life of me remember what factor exactly they decided to ignore but it made a substantial difference.
Does anyone remember what that was all about ?
Pisces133
>>interested in hearing from the oldtimers who experienced 15%+ interest rates… how did they hold on? <<
With great difficulty.
Fortunately the properties were returning 15 or 16% and the interest rates at 16% were just covered witha little bit left over to live.
There is no guarantee that the same interest rate regiment cannot happen again during our lifetime no matter who says it cannot.
Anything is possible.
A healthy dislike to having debts has since appeared.
Pisces133
>>and was still able to pick up 300,000 of equity<<
I assume that is net equity i.e. over and above your renovation expenses ?
Anyway Nailwog, if you’ve ‘done’ five properties it looks as if you may have to share some of your experiences ?
Pisces133
Before starting to call on real estate agents to look for properties would it be better to look first at some statistics like population, income, vacancy facors, employment details in a particular area or town ?
What do you think Sambo ?
Pisces133
We may be bantering around but how to protect oneself is a serious question for all of us.
In the past I have been committed to the hilt meaning that I depended on the income from rentals this month to pay for the interest the same month.
That is I had no spare money to tie myself over for even one month.
And that wasn’t even in a serious downturn.
Things can and do go wrong in life and a tenant’s problem usually does get passed on along the line to the lessor.
So people who suggest to have at least a three months commitment sitting in a bank account as a buffer do give some good advice there.
But advice is advice and, unless one heeds the advice,
chances are that somewhere along the way trouble will be lying in wait, ready to pounce on us.It would be interesting to get some statistics to see how many people on this website with investment properties actually do have some back up moneys sitting in the bank.
Remember, whilst today one can rely on an overdraft to tie one over, there may be times that the bank itself is short of cash and eventually calls up the Lines of Credit.
So where does one go from there ?
Pisces133
][}
