Total Members: 159,196

Stella1258

  • Stella1258 replied to the topic Deposit for Exchange of contracts in the forum Skip101 wrote:
    Yes you can
    17 years, 2 months ago

    Skip101 wrote:
    Yes you can buy a property with $100, in hard times vendors may accept it (what have they got to lose?)  But in a strong market I would be wary offering a $100 deposit on a property I really wanted, most vendors would reject your offer in favour of an offer with a larger deposit that they considered to be a serious offer by a g…[Read more]

  • Stella1258 replied to the topic Rendering in the forum Value Adding 17 years, 2 months ago

    Thanks Demkel – now to find someone to do it – sometimes easier said than done on the Gold Coast…CheersStella

  • Stella1258 replied to the topic Deposit for Exchange of contracts in the forum Help Needed! 17 years, 2 months ago

    crashy wrote:
    or  you could just remember for next time that 5% or 10% is quite unnessesary. I just bought a 300k property with $750 deposit.

    I agree – we just bought a $270k property with a $100 deposit. Keep of much of your $ as you can – for as long as you can….CheersStella

  • Stella1258 replied to the topic What type of vehicle do you have ?? in the forum justin71 wrote:
    Well cars
    17 years, 2 months ago

    justin71 wrote:
    Well cars lose their value as soon as you drive them out the lot, so a smart buisnessman or investor wouldnt necesarily have a lambo or a X5 or something as they are crappy investments, better to drive something economical and put that extra money into the next IP.  

    I dont consider my MX5 an investment in anything other than my…[Read more]

  • Stella1258 replied to the topic PM charges in QLD not sure in the forum Ours in the Ipswich area 17 years, 2 months ago

    Ours in the Ipswich area charges as follows;Management fee 8% + GST = 8.8%Letting fee – 1 weeks rentPostage & Petties $5.50Tribunal fees (subject to approval of owner) $55.00Advertising – at costCheers Stella

  • Stella1258 replied to the topic sick of greedy plumbers & electricians in the forum General Property 17 years, 2 months ago

    Charlie MFS wrote:
    I am in Ipswich Qld and he is located at the Coast so maybe that could have a bearing on the price but all I know is he looks after me and everyone who I have referred to him that have needed his services.

    Hi Sharlene, I live on the gold Coast & have an IP in Ipswich so I would LOVE your sparkies number if you don't mind…[Read more]

  • Stella1258 replied to the topic What to do re 10% when Borrowing 95% Value? in the forum Help Needed! 17 years, 2 months ago

    When we brought our IP the agent said something like " I guesss you'll be borrowing most of this?" & I replied with 'yeah pretty much' & was about to write a chq for 10% (or try to negotiate $500 initial deposit with the balance of 5% on approval) when the agent throws in 'well how about $100 deposit?" & the balance at settlement? He didn't eve…[Read more]

  • Stella1258 replied to the topic Working out rental yield and after tax cashflow? in the forum Help Needed! 17 years, 2 months ago

    Jessie 8285 wrote:
    You wouldn't happen to have that bar code still handy ??

    Um sorry Jessie – didnt actually bring the book home – (just grabbed the barcode  off the book at the library) and its long gone sorry.

  • Stella1258 replied to the topic Working out rental yield and after tax cashflow? in the forum
    Thanks for the pointer –
    17 years, 2 months ago

    Thanks for the pointer – picked up one of Margaret Lomsa's books (from the library) & downloaded calculators – great little tools.Cheers

  • Stella1258 replied to the topic Working out rental yield and after tax cashflow? in the forum Help Needed! 17 years, 3 months ago

    Great – Will have a look & see what I can find. thanx

  • Stella1258 replied to the topic Should I pay the LMI in the forum Help Needed! 17 years, 3 months ago

    malleeboy wrote:
    bite the bullet, pay the LMI, and get into the market allowing the property – that i now own – to increase in value, hopefully offsetting the LMI.

    Hi MalleeboyNot that we are experts but this is what we did – bit the bullet, paid the LMI & now have 2 proeprties – PPOR & IP increasing more in value than we could have saved. The…[Read more]

  • Stella1258 replied to the topic Lost topic? in the forum Thanks Tatts for that link. 17 years, 3 months ago

    Thanks Tatts for that link. That wasnt the post I saw (the other one had a longer code to quote) but it may have been on another forum?Anyway will go with this one (if it is still valid) so thanks again.CheersStella 

  • Stella1258 replied to the topic Line Of Credit – split loan in the forum Finance 17 years, 3 months ago

    Hi Alistair Sorry – didnt mention – all loans are IO to maximise our cashflow. Will look into whether the split counts as being offset – I dont think it is though. The funds just sit there waiting to have the repayments come out & but it makes sense for it to offset against the LOC.Thanks – I will check with the broker who set us up.Stella

  • Stella1258 replied to the topic Line Of Credit – split loan in the forum Finance 17 years, 3 months ago

    I dont know if this is a good way to go or not, but we have 3 a/cs which sounds more confusing than it really is.1. is a LOC for our PPOR.  We have the rental income paid into this a/c as well as our salaries & live on a cc.2. is a split from our PPOR LOC- this is where the repayment for the split & the no.3 a/c loan comes from 3. is an IO with…[Read more]

  • Stella1258 replied to the topic My turn to Brag !! in the forum Value Adding 17 years, 3 months ago

    Hi Amanda,You did a great job on the reno – we actually looked at this house (saw your post in another forum & recognised the house – oooh almost sounds like stalking!!)Anyway, we were impressed with the update – well done.CheersStella

  • Stella1258 replied to the topic Rising rent too soon? in the forum Help Needed! 17 years, 3 months ago

    Hi Nick7rProbably good you haven't heard from your pm – means all is well? I've quickly learned from our experience so far to have all arrangements & discussions in writing (email to my home & work email) just in case I 'mishear' her again. I have also returned the courtesy though & emailed the pm confirmation of our ok for a minor repair that c…[Read more]

  • Stella1258 replied to the topic Rising rent too soon? in the forum Help Needed! 17 years, 3 months ago

    Opportunity In Everything wrote:

    Stella1258 wrote:
    Going by the comments above, we maybe should have put them on a 6mth lease & readjusted the rent every 6 mths? Our thought was get someone in, give them & us some stability & see what happens in 12mths – is this also not a reasonable way to go?

    Regardless of the market circumstances starting…[Read more]

  • Stella1258 replied to the topic Conveyancing company or solicitor? in the forum Help Needed! 17 years, 3 months ago

    We used Conveyancing Works on our property that settled 2 weeks ago. They were professional, easy to contact, easy to work with & I will be using them again for our next purchase. They gave the same level of service the solicitor we used for our PPOR gave but without the bill.

  • Stella1258 replied to the topic Rising rent too soon? in the forum Help Needed! 17 years, 3 months ago

    I too am new to this & took the advice of my Property Mgr – puchased for $270k – did nothing really apeart from clean carpets, had locks rekeyed (there were 9 keys in each set!!) and tenants moved in 4 days after settlement at $270pw on a 12mth lease.Going by the comments above, we maybe should have put them on a 6mth lease & readjusted the rent…[Read more]

  • Stella1258 replied to the topic What type of vehicle do you have ?? in the forum Opinionated! 17 years, 3 months ago

     Me – 2002 MX5 Convertible & I love it! It has brought us so much cheap fun we wouldnt be without it. We bought the car 15 months before our first Ip & yeah if we didnt have this car (which we paid cash for) we could have spent more $ on the IP but we can live with that as this car is the last one I will buy for a very very long time – like all…[Read more]

Stella1258

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