Forum Replies Created
I have 5 property loans with ST George and i had to have insurance (certificate of currency ) for them all before they would settle. Two are with CGU as my normal insurer does not cover fibre houses. You would have had to send them a certificate of currency before they settled on your loan so they then would have had the proof that you had your own insurance for that peticular propertie. I dont understand why
cgu would take debits if your not with them?
Sounds like a solicitor would come in handy if this was the case , as they would have no right to do this and they should be exposed to the public if this is there ploy [thumbsdownanimIf you want the rainbow youve got to put up with the rain!
Im still buying, infact i bought one this week, although im buying regional now to stay positive geared.
Regards Risky
If you want the rainbow youve got to put up with the rain!
Ahh IC, I think the idea of a clearing house would be a great idea. Everything gets payed through the right channels and then the wrapper recieves the differnce. I guess there would be a slight fee for this service but hey as long as everyone is legally secured it should work fine.
Regards Risky
If you want the rainbow youve got to put up with the rain!
Very nice russH, I like the lucky bamboo plant on the studie desk, apparently the guy who started making these plants is now a multi millionaire can u believe it [specool] Dont think they have been around long either. I got told it was some guy form NZ came up with the idea . Oh well maybe you can do the same ,looks like you have a green thumb [trigger]
If you want the rainbow youve got to put up with the rain!
Well done Russh [strum] Been 1.5 years smoke free for me too and enjoying my taste and smell a lot more.[jerry]
If you want the rainbow youve got to put up with the rain!
I pay half the excess water bill if they keep the lawns green and in good condition,seems to work for me so far .
Regards Risky
If you want the rainbow youve got to put up with the rain!
Hi Slayer and welcome to the forum,
If i was in your shoes id be thinking of investing now using the equity in your ppor as i expect and hope housing prices will be higher in two years than they are now.
Which will give you hopefully equity as well as the 80-100 large your getting. Also the interest on your current ppor is not tax deductible so paying that loan down when you get the gift money would save you a lot of interest.
Again this is just my thoughts and there is some good finance advisers around which could be of bennefeit to go see.Regards Risky
If you want the rainbow youve got to put up with the rain!
Hi Roosterman and welcome to the forum, you will find a search function on this forum which will find you all the info your enquiring about. There has been some really good posts on books and have also been rated on there merits.
My advice is to type in the search function any key word your interested in and spend hours and hours reading the posts to get a feel for it.Regards Risky
If you want the rainbow youve got to put up with the rain!
I view bankruptcy as a very very serious thing and last resort. better to try and make payment arrangements, didnt John simmons, aussie homeloans do this rather than go bankrupt?Yep he sure did but where did that get him lol
Have you read his book, I highly recommend it , I really enjoyed it.Makes you want to refinace everything to aussie home loans heh [cap]If you want the rainbow youve got to put up with the rain!
Ditto Ditto , *chucks tantrum* i want my newsletter [whistle]or ill stop payment [cigar]
If you want the rainbow youve got to put up with the rain!
I was trying to bid 1.6 million by mobile phone but had the wrong number [baaa], (I wish) but did you see the view ? It was unbelievable, sighhhhh
One day !!!!!!!!!!!![specool]If you want the rainbow youve got to put up with the rain!
Thanks guys for replies, Ive just got of the phone to the agent that i did give an offer to and she is bending over backwards to try and get the deal thru for me. She has talked the tennant into staying and signing a long term lease if i put down some roll on lawn and put new gutter on the back patio and she will pay another 10 pw for doing so. Which is exactly what i was going to offer the tennant anyway . Also the vendor is keen to sell so my offer might get accepted without to much counter offering. Which im keeping as + geared offer.
So all in all it may turn out alright after all. Northam 1.5 hours out of Perth population 7000.
Rugby fan Harvey is such a pleasant town to drive around, i can see why its so expensive there must be good demand as you wouldnt want to move away if you lived there .[strum]If you want the rainbow youve got to put up with the rain!
Its like the pyramid game, the more people that buy these (quote) Shitty little cash flow properties the higher the prices will go. Good if you get in at the start as you then get capital gains as well ,but the new buyers may need to wait for the next influx of buyers to get there cap gains.Its all about supply and demmand.
If you want the rainbow youve got to put up with the rain!
I think they would appreciate it very much Celivia, you never know it may be the only easter chocies they get? Also thats a good idea of giving chocs to your PM , get on there good side might just work out better for you down the road.[thumbsupanim]
Regards Risky
If you want the rainbow youve got to put up with the rain!
the pest inspector said probably 10,000 damage + then about $2500 to repar the termitesThose pest inspectors will never be out of work if they keep repairing those termites [jerry]
Sorry couldnt resist, sounds like a good deal if the problem is fixed. But it does sound like youve gotten attatched to this property which could make you blind to the negatives. [sick3]
Dont let the excitment cloud your judgement and if all still looks good , then must a be a good deal.If you want the rainbow youve got to put up with the rain!
what does bird dogging mean?
When your assett/cash rich and time poor a option is to get someone to find your deals for you. This option is called bird dogging. They will find the deals research the deal, present the deal, complete with relevant information such as yeilds ,cocrs, photographs etc and they will charge a fee for this. Great way to travel in my opionion especially for places like New Zealand where the cost of the plane trip and accomadation could be in excess of the fee.
Regards Risky
If you want the rainbow youve got to put up with the rain!
Hi Karma ,
you could try this lender as they will lend for wrapping with full disclosure.Personally if the deal is good i wouldnt mind paying morgage insurance, Better COCR .
Commanding Heights Morgage Solutions
(02) 4926 2277 Mr David Cook email [email protected].Not sure what state there based in though , i think its NSW.
Regards Risky [cowboy2]
If you want the rainbow youve got to put up with the rain!
Holden Commadore, not sure how ive been reading these posts but i thought they have all been about investing in the country and whether investers are there for capital growth or cashflow which i thought was the topic? but then again it is hard to put all your thoughts down in a post and sometimes it doesnt come across like how its meant to . [jerry]
Chans i agree with you again [cigar]
Regards Risky (Ford man)[thumbsupanim]
If you want the rainbow youve got to put up with the rain!
Originally posted by Risky:I think country areas is the ideal opputunities for new investers to feel the waters without getting to burnt.
What will happen if the property stay vacant for month after month? I think this’s also the downside. New investors might just jump in to buy regional properties without doing complete due diligence will also get burnt badly. And therefore, fear wil kick in and not there to invest anymore in the future
Ive got to learn this quote thing [angry2]
Yes Chans your perfectly correct , you could be burnt if you jumped in and bought a ip for under 100k with no due dilegence in a regional area but my point is it would be a little bit more painless than the same invester doing the same thing in the city for 300k. [mario]If you want the rainbow youve got to put up with the rain!
ghotib, firstly im deffiantely no expert but you have asked for other thoughts so here goes. Secondly I try and stay away from investing with friends or family as the only ship guaranteed to sink is a partnership, however nice of you to look for a solution for your friend and try and find a win situation but that deal would deffiantley be heavily negative geared especially with 100 % finace. In fact it would take a rather very large deposit to get it close to being + cf but if the capital gain is going to be good then i guess if you can hold out till then you will benefeit then if all goes well but youd be to dependant on the hope of good capital gain in my opinion a unstable property cycle.Normally with a lease option the rent is inflated for basically a bit of principle of the price when he/she decides to take up the option, at $160.oo per week the rent is deflated already. Everyone to there own but myself personally i wouldnt go near this deal great for the tennant but maybe not that great for the invester. Your friend could possibly be alegible for the FHOG which you could look for a win situation to help put a deal together ? [whistle]
If you want the rainbow youve got to put up with the rain!
