so its like selling a property , but with a loan attached to it, but if you cant sell it, you end up keeping the house, but with the higher interest rate?

hi guys, thanks for your replies, appreciated. I’m mainly looking for positive geared properties. the way i understand it currently, is that the pay structure is you have to subscribe for at least 1year, and if you want to cancel, you have to pay a 50% cancellation fee, that is why it seems dodgy, the joining fee is about $1700 for a year, with…[Read more]

hi Jasin

i dont know the details unfortunatley. but thanks for the information. do you know what the LVR required borrowing amount is in blackwater/dysart?

JaSin66 wrote:
I bought in Blackwater in the early days, I was (still) employed with Utah now BMA, I bought the company house for $8000 which seemed somewhat ludicrous back then because everyone was renting off the company for $15 a week, I received my $7000 First Home Buyers Grant, sold it many years later for $220,000, $20,000 under market…[Read more]

hi Paul,

thanks for the info, i also read your website. The one thing that seems to be an issue, from what i read is that you can “run out of time” advertising your property to be vendor financed, and you have to carry the loan with the higher interest yourself. can you provide more clarification?

ryan mclean wrote:
Vendor finance is actually pretty simple when you do understand it. Instead of the bank lending you money you assume the loan with the buyer. This is perfectly legal and done everyday! It is even more common in America.This post on creating cashflow with vendor finance covers the basics and may help you to get a better…[Read more]

thanks guys you are champions.  I have started reading Ryan Mclean's links, so much to read, i'm going to try to get through it, my brain has been a vacum for information lately.

xdrew wrote:

shoooshoo wrote:
Seriously guys, i have no idea what Xdrew or Paul are talking about. Vendors finance? i thought the bank only provides finance.  Please provide clarifications, i will also research the matter. And thank you for your posts

Thats what the banks want you to think. That the banks can be the sole suppliers of housing…[Read more]

hi guys, i came to this post to get information of the latest CF+ locations in australia, can someone update me, instead of going through 20pages of the forum …many thanks.

Seriously guys, i have no idea what Xdrew or Paul are talking about. Vendors finance? i thought the bank only provides finance.  Please provide clarifications, i will also research the matter. And thank you for your posts

hi Josh, thanks for your comments.  I saw both my third party broker and bank manager. interesting, thanks guys. Michael your number 5 point: …rather then the "current SVR + 2%= 9%"… SVR is that the servicecibility + 2% interest rate rise?

many what kind of mum is that?

Prattman77 wrote:
Carla may well be right, I am just going on what we have 'enjoyed'.  Monthly updates of 'just one more month, due to (insert lame reason here)'.  I recognised the pictures of the plan on her website as the same as the ones we bought.  The two developments appear to be back-to-back on to Queen Elizabeth Drive bordering the sh…[Read more]

Prattman77 wrote:
Hey guys,Interesting.  There are a set of identical units just being finished near the local shops.  I bought one off the plan.  The downside (don't laugh too much) is they are now TWO YEARS past their original completion date.  They were due for completion late 2009.  The builder went bust not long ago, and the cons…[Read more]

hey guys

i’m considering buying this unit in Dysart, i have heard that this unit, or maybe something like it, was going for cheaper in the local newspaper.

http://www.realestate.com.au/property-apartment-qld-dysart-107626389

thanks Josh

shoooshoo wrote:

shoooshoo wrote:
Hi guys just read this article about the massive mining investment from the Indian company in galilee basin. Is this the mega mine happening in alpha? Also in relation to the surat Basin, there was a small report yesterday that a building company in Brisbane has just secured a $57m contract with Qld Gas…[Read more]

Thanks Josh for the link, the article states that these units will be positioned in Robee and Wolebee.

Derek wrote:
HI abcd,Have sent PM.

can you send me a PM as well looking at investing in regional/mining towns.

shoooshoo wrote:
Hi guys just read this article about the massive mining investment from the Indian company in galilee basin. Is this the mega mine happening in alpha?

Also in relation to the surat Basin, there was a small report yesterday that a building company in Brisbane has just secured a $57m contract with Qld Gas Company to build 1300…[Read more]