But if the titles have to be handed over prior to completion, why wouldnt it work if thats what the contract states?

Yes everything is included in the cost – turn key.

I will have to wait and see what my broker comes back to me with. Would you be able to get it across the line Shahin?

Thanks Terry/Shahin, im waiting on my broker to give me a resolution strategy today before I go to someone else on this thread.

I just spoke with the builder and he suggested that he is happy to wait to take final payment until he completes the job and hands over 3 separate titles. Meaning that he puts a clause in the contract saying that the job…[Read more]

Thanks so much for your help. If my broker is incapable of sitting this out would you be interested in taking this situation?

Could you please tell me the lenders that you think could help? Thanks heaps for your advice.

Sorry guys I mean that they were suppose to be using the 'hyper something methodology' which I think means what it will be worth on completion on 3 titles? Sorry I don't know the exact terms.

I don't know the valuer because it went through Valex. In saying that I do have the valuers number that actually conducted the val. I guess I will try…[Read more]

I'm dealing with my broker. They did 95% with an offset account and seemed like a good choice. If it were you what would you do? How can I get this deal to work?

Hmmm that sucks. If they gave me the right amount then there would be no issue with funding! Yes I am running against the clock- I started a new job at the beginning of this year and it will be harder to get finance.

Hi Shahin

Yes thee DA is to do the subdivision afterwards. The building construction amount is for $370. There is also works to be done on top eg Reno etc. Is this always the case always when building dual ocs? Why won't they assess according to what the permit states and on completion and separate titles?

Could you please explain what I need to…[Read more]

Hi Christian,

It appears nothing can be done. The property has to settle tomorrow. Buyers have the right to rescind the sale. They want the price dropped by 40%. my dad does not feel that he can take on the council and doesn’t want another battle where he’ll have to pay ridiculous amounts to TP’s etc. It’s been a nightmare.

Hi guys

Council have already been out, assessed the property and now written the letter of intent. I thought that if it were built over a certain period of years then it didn’t matter?

I don’t think there was a clause as such for these matters, I’m unsure of the fine print. I guess the only thing to do is speak to the lawyer?

Thanks. Any other…[Read more]

about 2 years now. last time they just added it on top

Qld007 – wouldnt a broker always capitalise anyway? if not he should have asked me yes?

mattnz is on the money with the figures. What i'm trying to say that the AMP valuation was $340. the outstanding loan amount with CBA was $283. The new loan amount with AMP is for $306. I want to access the $30k hence the reason for the refinance. They some how came up with a figure that the refi would allow me to acces $13k in cash. To start with…[Read more]

Sorry guys I forgot to mention that AMP have refused to give it back and are trying to tell me stiff s#@t.

Hi Richard,I too would be very interested in your article. [email protected] alot.

Wow! I should probably get the point…A holiday just seems like a place where I will think about ideas and get inspired for when I return. Can anyone honestly suggest some good books to read!!!!!Sash.

Hi Pinkboy -THANKYOU! For the kind words of advice, it sure is great to have such impressive information at hand on this site. I definitely have to do my homework! I dont want to bite off more than I can chew. I am going to continue to progress in my current role do a couple  more developments to increase my equity position . Something may come…[Read more]

I can recommend a company that has taken care of the whole process from start to finish and guarantees permits. They have been extremely professional have guided me with my multiple questions every step of the way. Loads of support – I have complete faith in them handling my affairs and I dont have to stress. They are a melbourne based company…[Read more]

Wealthjvd –I got a standard 90% loan, had the deposit, stamps and subdivision fee's in cash for initial purchase and then when it comes time to build, worst case scenario I'll draw down on equity (10% for construction) however I think there's a few tricks of the trade that will allow me not to use any of my own money.If you want to meet up and…[Read more]

Hi  Scha -It's more like $150 but who's counting I work for Telstra Business – Sales & Accounts Manager.And yes the thinking part does give me trouble when trying to go to sleep at night – mind constantly racing. I find myself consistently thinking up different ways to generate income through property, business, work etc – does your head in at…[Read more]