Hahaha ok mate, you need a muzzle. Later!
P.S relax you’ll end up with carpal tunnel and by the way soMersoft is spelt with one M.

Hehe yeh, I know! Most investors are familiar with this strategy which is why I posted it here! For help with that not finance. People who have done it etc not for an opinionator to argue. Anyway all good now! Found my answer elsewhere!

Thanks Andrew, its good to here from someone positive thats in the know about these things. I’ve actually found someone willing yesterday. They will lend the money in a separate vendor agreement where I pay interest to them etc. I get the money I have a PRE- approval from the bank, as, if you have 20% they don’t really care too much about making…[Read more]

Yeh true, wasn’t going to let them know! Will get someone to “gift” it. Thanks for your help though!

Lack of savings basically, have good jobs earn good money. My partner has a dodgy boss which made it hard at first with pay slips etc. But we have since fixed all that. But have been told that unless we have genuwin savings of at least 3percent and 5% deposit. Also my partner had a PAID default with was $30 over the $500 limit, and the mortgage…[Read more]

Check your town plan, but as a general rule you need to allow 250m2 per townhouse. Also 10% of the entire block must be left for community space. So 60m2 for community space. For an under roof 135m2 average 3 bed would be around $145,000

You would need to ring a few builders and ask for an estimate of cost per m2, then work out how big each dwelling will be and work out building costs. If it is only an 800m2 block I’d assume you could put a duplex or units on here as 400m2 block is fairly small especially when you’ll need to make room for driveways etc. Costs and profit will also…[Read more]

First of all it takes a week to become a mortgage broker today. I know because I have done it. If your planning to invest in multiple properties I would stick to one bank if possible and have a plan, every investor will hit a wall where the bank will lend no more money, that is unless you have good cash flow as well. They will always try to cross…[Read more]

I guess you have to think about how much the property’s value is to you. Someone may pay a higher price because they want to live in it and are emotionally attached. Doesn’t mean that it’s actually worth what they paid. There will always be people like this and is what makes it hard in buying property.

See if you can find any comparable sales in the area. Same amount of bedooms, car accomodation, any renos etc. The value should be the purchase price not loan amount.

I agree with Scott No Mates, you should always keep to age/character of a home, its still possible to modernise without structural changes. With the effort and cost of doing so I doubt it will increase the value anyway. If its for your own purpose go for it by all means but if it is for investment and your getting a valuer in – they come past sit…[Read more]