Hi The Crest
Thanks for your reply when you say give them 30 days how do i do that. I mean i have a signed PM agreement that says 60 days.

Do i have to give 60 days notice first and then renegotiate.

The other thing is that the tenants are company executives which use the place when they come over from interstate. They have said they may use it…[Read more]

Hi Amanda

Thanks for that so if you do not have a tenant in place then a landlord can walk away irrespective of what is in the PM agreement. Or does one still have to give the appropriate notice.

Interesting my tenant is vacating the premises 3 months early but still paying the rent. They have asked the PM to ask me to seek new tenants so they…[Read more]

Hi Chefman

Great to see all is well and good. Where is your pub. Is it in Vic.

regards
alf

Hi Yu Yu

I am amazed you got 80%LVR on a serviced apartment with the NAB.

Last i heard they were doing 60%LVR has there been a policy change or you must have or know one of the big players.

I have found that shifting NAB on policy is like pushing Ayers rock.

regards
alf

Hi all

Great post Monopoly now this is going to hurt but hey what can i say.

3 boxes of cigars a week=$54 x 52= 2808
take away 3 times a week=$60 x 52= 3120
Restaurant once a week =$80 * 52 4160
carton of beer a week =$35 x 52= 1820
6 bottles of wine a week=$50 x 52= 2600

Gee
No facials or waxes for me

enjoy
cheers[cigar]

Hi Peter

I was coming to a point where i was going to stop buying property investment books as they generally say the same thing with a slight variance in some cases.

But…..

Given that i haven’t read any of your material before i decided to purchase your new book $10m and was duly impressed.

In particular the way to interrpret the median…[Read more]

Hi Kay

Thanks for that i am quite aware of the inner city apartment hotel motel small studio types concerns by the banks. Some LVR’s as low as 50% as was indicated in that article.

I guess where i am a bit annoyed is that the NAB PB indicated that i would remain at 80% LVR because my property can be used as private residential accomodation as it…[Read more]

Hi all

Thanks for your replies. I have found that i have been given mixed treatment at times good other times not so good.

Overall some of the PB’s have said we don’t necessarily agree with this or that policy.

As far as enquiring and setting up loans etc NAB has been ok.

Yes i have posted at times being critical of the NAB.

The reason i…[Read more]

Hi desk top

I’ve had dealings with Quest and have dealt in this area.

If you like email me…happy to help if i can.

regards
alf

Hi all

Thanks for your input. Intersting to see the differing opinions and ways of looking at things.

I also think property will always go up over time. Just cast your mind back 20 years ago wouldn’t you like to have owned a few more in the boom period.

cheers
alf

Hi

Thanks G7 for the reply. This is a hypothetical.

At times i have seen investors say they have sold because the property hasnt performed. I guess the question is on what calculations would this be assessed.

eg capital growth little growth v outgoings

as i have indicated are all the benefits of the investment thrown into the pot do assess…[Read more]

Hi Helen

Well there seems to be some good responses on this.

At the end of the day you have to be comfortable with the amount of debt you take on.

In relation to a LOC its quite sound, i am doing it and as far as my accountant is concerned it is tax deductible. The LOC is only dedicated to Investment. So whether i chose to use it as a deposit…[Read more]

Hi Helen

So i get this right if you borrow a certain amount then you have to service it.

Lets assume interest rates 7% service this loan per month $1000.

You have a LOC dedicated to investment and this picks up any shortfalls. So say interest rates went to 10% your cost for the loan now say 1200 per month. Then instead of you putting in money…[Read more]

Hi Fnomna

I live in adelaide. Things have slowed a bit i feel. Where R/E agents had to just sit and sell now they have to work.

Your own observations would tell you that houses are sitting on the market longer now than previoulsy. The frenzy has gone out of the market. So some of the upstarts are being tested and resorting to other…[Read more]

Hi

Just ask for a release of security…hmmm Well i asked the NAB and they said NO.

regards
alf

Hi

Where do you find the 90 day bill rate and 10 year bond rate. Are they really good sound indicators? in regards
to IR.

cheers
alf

Hi Madinvestor

I can understand where you are coming from as i have often asked myself this question when hearing how easy it is and nice perfect situations are touted.

I would say that you have equity in your properties after this boom. This being the case i would consider a LOC with some of the equity as a buffer so any expenses over and…[Read more]

Hi Acey

Yes i agree with what you have suggested. I also would say that not everyone has the eloquence to embark on creating networks. How does a beginner start.

I ask because i recall network marketing companies that would say anybody can do it showing a housewife in rollers and a fag next to her porsche outside her coastal mansion.

Reality…[Read more]

Hi all

Thanks for your replies….
Simon sounds like the new business section is an interesting place?

Bend Over for you[shades]..Sorry couldn’t help myself…lol

regards
Alf

Hi Brahms

Good question no i dont think i am apart from what more seasoned investors have indicated that one should have all properties stand alone for a myriad of reasons.

NAB kept saying to me the total vaue of the debt must be covered

Terry
NAB asked me if i wanted to increase borrowings and i said yes so they said well its much better to…[Read more]