Forum Replies Created
sorry to be a stick in the mud, but there's humour and there's over the top. Humour doesn't have to be in every single paragraph.
The Phoenx Arrien column is just about the only thing I don't enjoy in API.slightly off topic – can anyone recommend a pre purchase building inspector in the Blackwater area?
The agent is being quite unhelpful with no recommendations.
thanks
RLdevo76 wrote:CBD hands down. Most mining towns have had there run and to me are a higher risk at the moment.I've been listening closely to the stock market activity for the mining companies, and also the economies and exports for China and India.
Is anyone out there still confident about buying in a Mining town?? or is it a certainty that activity in these areas will drop off?
Scott No Mates wrote:The value will be greatly determined by the conditions of the lease eg term remaining, lessor rights to terminate, lessor right to approve structures & alterations, requirement to remove improvements, right for assignment of lease etc. You will need to do your research to ascertain the company's plans for expansion etc.What are you buying right to use vacant land or land with a building?
Thanks for that. I'm looking at buying a house at Blackwater (mining town, Qld) to rent out. The excellent rent return should nicely offset one of my properties that is very negatively geared.
The concept of leasehold vs freehold is very new to me (never heard of it outside London!)I'd appreciate any thoughts you have on the Blackwater plan.
I currently have two properties and looking to purchase a 3rd one around Easter next year.
Ideally, I'd like to aim for one property purchase a year for the next few years.MortgagePlus wrote:Genworth <12mths – 40% refund
12mths to <24mths – 20%QBE (PMI) <12mths – 40%.
MGIC <12 months – 40%
You must submit a written request to the funder or mortgage manager within one month from the discharge of the insured oan. Processing can take 4-8 weeks.
Good luck.
Hi Tim,
Thanks for that info.
How do I know who the mortgage insurer was?
My loan was with RAMS, then RHG.
thanks again,
RLJETT wrote:Give Richard a call.
Richard Taylor
Residential & Commercial Finance Broker.
Licensed Financial Planner. Ph: 07 3720 1888
http://www.tayloredfinancialsolutions.com.au
[email protected]I agree – he can work wonders, as well as being the most knowledgeable broker for investing that I've ever come across.
Richard, known as Qlds007 here is extremely talented and knowledgable iin mortgage broking.
He's not based in Melb but I'm sure he'd be able to help you.Where is the property that you want surveyed?
I have an excellent quantity surveyor based on the Gold Coast but services all over SEQUnfortunately yes, I read them as they got more ridiculous. I view this in the same way I see vandalism, completely pointless.
Have a great day
RLTheBish wrote:Don't sign up with RAMS!!!Conversely – should I be looking at getting out of my RAMS home loan? Fees will be high as I've only had it nine months – but may be worth it in the long run?
Qlds007 wrote:I am so convinced that things are rising so fast i fogot to buy just an IP but bought a whole real estate agency 310 rentals and all.Congratulations, Richard!
v8ghia wrote:Hey Emma – don't sweat. Unlike 'the banks' and some other lenders, Rams will only assess you for your next loan on your actual loan repayments on your current loans, whether elsewhere or with them. And if you do it in the first two years of your loan (the one you must have based on your description), you are only going to be assessed for servicability on I/O on 7.27% and & 7.37% respectively………beats what banks do!!!!
AND a BIG congratualtions on making the purchase, and I wish you all the best with your next one….Go get em!!!Hi v8ghia,
Would you please explain how this works a little more? I am current a RAMS customer and this sounds positive, but I'm not sure I 'get' it totally.
Thanks
RLJon Chown wrote:Richard we don't have to agree on everything, we mearly have to see each others point of view.I believe that I live in the same real world as you do but see the situation through my Vendors eyes. They do not want to wait (and disrupt their marketing campaign) for 21 days for any bank to get around to giving a prospective Purchaser an answer as to availability of finance or not. (note: The bank still has 14 days to get their documentation together).
If banks were to insist on 21 day finance clauses, I would begin to advise my Vendors to only accept offers from Purchasers who can show a pre-approval letter from a bank or lending institution. This way it only has to go through valuation (7 days tops).
This may seem harsh from a Brokers perspective, but from my experience Purchasers really should be better prepared when they go out to buy a property.
Jon
Although I am always extremely prepared as a purchaser, I have had last minute hassles with lenders in the past.
I'm glad I'm not purchasing through you – the agents I've used in the past have worked for both vendor and purchaser. Who knows – I may be the one providing your next commission.ok – I’m starting to get really irritated with the arrogance of people who advertise here without reading the forum rules about advertising.
My 2c worth – I think RIchard is fantastic, extremely knowledgeable and great service.
For those that pop up once not be heard of again, this is so opportunistic.
Richard in particular brings a wealth and breadth of knowledge here.
He’d be my number one choice every time.As a buyer, I’d rather see tenants with an ongoing lease – at least you know the income is there already…
Originally posted by Wylie:I wrote the initial post and certainly did not mention newbies. It was mentioned later in another post and I am certain it was meant tongue in cheek.
After all, we were all newbies once, and I wish I had had this forum to read 25 years ago. I still have questions although I don’t regard myself as a newbie as such. We can all learn, no matter how experienced we are.
Wylie
Wylie,
It wasn’t you – all the comments I had read to date were about people being annoyed by the spammers. It was Dr X that made the comments about newbies asking annoying questions.
RLOriginally posted by Bridgebuff:Give the newbies a chance, they want to learn. [grad]
For me the scams are most annoying. [grrr]
I am happy to answer any question even if it was posted 1,000,000 times before. It is very hard for newbies to go through old topics and try to dig out the gems they need for their current situation. [strum]
From a newbie – thanks!
I know my questions have generally been asked before and I do do a search on old posts, but everyone has individual circumstances, so I do appreciate those who take the time to respond.I definitely have the ‘get up and go’ and see opportunities everywhere – I’m impatient to get started.
Thanks for your input – I thought that would be the case with SITI – was just curious.
