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]
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]
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
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]
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]
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]
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
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
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]
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
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 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]
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.
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]
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]