Forum Replies Created
Did the inspection say the termites have gotten into the walls and floor? If so, it can be hugely expensive to fix this (10’s of $’000’s).
You should get a bigger reduction I think or at least get an inspector to do the wall cavities (more expensive and you will need the owners permission due to the holes they drill).
It may sound like a bargain, but you could be up for some huge bills if termites have done the damage. Can you afford a $30,000 bill for ripping up floors, ripping out walls etc? Also the tenant ( I assume it is to be an IP), will need to live somewhere if it is bad.
Also, the inspectors will recommend follow up visits every 3 months (expensive too), which if you want to be sure they have gone, I recommend too.
I have seen the damage they can do, IMHO it is not worth the risk.
‘Eat rich food, barbeque a yuppie’ [greedy]
Originally posted by richmond:yeah you passed… not too bad for a bum sniffer [lmao].
I’m a New South Welshman originally… my second cousin toured somewhere with the Wallabies years and years ago… Bruce Harland’s his name… so I hope that gains me some street cred…
Cheers
rYeah, 1962 tour of New Zealand. Didn’t get a test though. Bit of a shame.
Good streed cred though!
‘Eat rich food, barbeque a yuppie’ [greedy]
Shaved legs and all!
‘Eat rich food, barbeque a yuppie’ [greedy]
Aerial ping pong of course.
But it’s a much better game to watch than League although you have to see it live. TV gives it no justice.
Did I pass?
‘Eat rich food, barbeque a yuppie’ [greedy]
Originally posted by Chan$:Rugbyfan,
You look like ‘South’ ‘rabbotoh’ (can’t spell)
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Chan
Wash your mouth out with soap young man. There is no need for blasphemy on this site[angry2].
The team you refer to play that silly game (League), you know the one who like to ‘gang up’ on people.
Rugby Union is a completely different game.
Rugby League is a gentleman’s game played by hooligans.[fear]
Rugby Union is a hooligan’s game played by gentlemen.[toff]
I have now opened up a can of worms and will spend the next ten minutes putting on my flak jacket and helmet.[army]
Incoming…………………………[arrowhead][axe][smash]
‘Eat rich food, barbeque a yuppie’ [greedy]
Originally posted by Rachel77:Hey Russ,
Good effort!!! I’d be pleased with that! I bet you’ll miss relaxing in the garden when you sell it. I’m selling my house too, anyone interested, it’s obviously not a +ve CF property. Here’s the link:Sorry, don’t know how to do it so you can just click and go there!! Not very computer literate I’m afraid.
My garden isn’t anything compared to yours though Russ! Not much of a gardener either.Rachel[thumbsupanim]
Very nice clean home Rachel, even with kids!!!! You shouldn’t have trouble getting people to look at it.
They must like Milo alot though. Damn that’s a big tin!
‘Eat rich food, barbeque a yuppie’ [greedy]
I agree Chan, you have to weigh up the options and see if the higher interest rate is really worth it.
For me it wasn’t.
‘Eat rich food, barbeque a yuppie’ [greedy]
I was brownies until I saw the Choc on Choc further down.
You know its amazing how correct this is. It describes me to a ‘t’.
‘Eat rich food, barbeque a yuppie’ [greedy]
Originally posted by Rubbachook:But the women love it.
(It’s a secret, so don’t tell anyone, but the third tooth from the right on the bottom is actually porcelain).
My question to you – where can I get some ACME bird seed in bulk?
Just give me your credit card details and I’ll see what I can do.
Chan/Kay do I look like my avatar?
‘Eat rich food, barbeque a yuppie’ [greedy]
Originally posted by JackFr:Originally posted by Rugbyfan:I have never put one on a property, always borrowed 100% plus costs. You can still find an occasional +ve CF properties with high enough yields (15 – 16%) to support 105% borrowings.
You would have to have considerable equity or savings to get a 100%+ loan, no? Or is it the positive income alone? Pointers on how ot get such a loan would be very much appreciated.
Jack, you are correct in your 1st assumption. Lots and lots of equity in our PPoR. The positive income means we can borrow more but the reason we can get 105% in the first place is the equity.
‘Eat rich food, barbeque a yuppie’ [greedy]
Well lets heat it up then!
Rubbachok, every time I see your avatar I think ‘how much would your dentist bill be?[laughing]
‘Eat rich food, barbeque a yuppie’ [greedy]
Hahaha! Not as much time as you would think.
I actually leave it set up and connected for hours at a time well at least until it goes into [sleepyanim] mode!
‘Eat rich food, barbeque a yuppie’ [greedy]
I certainly hope so as I am going to an auction for a potential IP in three or four weeks. I hope EVERYONE stays away!
‘Eat rich food, barbeque a yuppie’ [greedy]
Retirement units are referred to as Niche Properties. They are aimed at one particular area of the market therefore banks see them as being risky. Other Niche Properties are holiday houses and caravan parks.
They will only loan about 70% of the value (may depend on which bank you use).
‘Eat rich food, barbeque a yuppie’ [greedy]
Apart from this website and my own investments, I don’t spend a lot of time on the computer.
I was unaware that it was available in an electronic form.
Might be a bit of fun.
‘Eat rich food, barbeque a yuppie’ [greedy]
Originally posted by kay henry:Rughead- you are an auctioneer?? Really? That is very cool :o)
kay henry
Yes I have been an auctioneer for almost 5 years and am liscenced in WA and ACT (no need for NSW). No experience in house auctions though.
But it is not much different. You use the same techniques when trying to glean money out of potential purchasers. The only difference I had at my old job is that we worked 100% for the vendor so we tried to auction everything above reserve.
Sometimes there would be a challenge to get people to bid to the reserve (I never took vendor bids above the reserve) That is completely unethical.
I have been to many house auctions (to buy and to look) and some of the auctioneers are useless. I have seen them in person and on TV missing bids, taking two bids in a row from one person, dropping to a smaller increment way to early, and plenty of other mistakes.
There are definite tricks to working an auction both from the auctioneer and the bidder.
‘Eat rich food, barbeque a yuppie’ [greedy]
You can’t go past a good touring atlas, I think. They have street by street maps of most of the major towns as well as the major routes.
‘Eat rich food, barbeque a yuppie’ [greedy]
Spent 12 months around Carnavon working on sheep and cattle stations and in town. My relo’s owned a bit of commercial and residential property in the town.
Nice relaxing place to live.
‘Eat rich food, barbeque a yuppie’ [greedy]
Hey Sis are you looking for a video review?
For all others that have no idea what I am talking about, there was a giveaway at the Expo on the weekend.
Jamie McIntyre’s video entitled What I Didn’t Learn at School, But Wished i Had?
I haven’t watched it yet!
‘Eat rich food, barbeque a yuppie’ [greedy]
Russ
I’ll help to get you some more replies
Here is Russ’s home.I gotta ask, did you really have to leave you undies hanging up on the back verandah!!!!
How far are you from the beach. Dongara is a might fine place to live, where are you moving to?
‘Eat rich food, barbeque a yuppie’ [greedy]
