Forum Replies Created
At $90/wl with a Value of $40,000 it is returning you 11.25%
At 60/wk around 8% what does it cost in Body Corporate fees, insurances and rates per year?
Does it owe you any money? If not & you have no need to divest your asset then why go down that road?
$90/wk when it owes you nothing is a bonus. That could be used to purchase another I.P. if you structure it correctly
Just some food for thought.
– Please remember I’m NOT a Financial Advisor and/or Planner and all that was general. As I don’t know your personal position I am unable to give anything other than general advice. This is what I have done.
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055My Apologies Terry, I missed that one in the Product Updates.
It is fantastic how rapidly they are changing their Products now though. Although it can be a problem getting an approval through them in a reasonable time frame…
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055Originally posted by frini:Apparently bad feng shui having mirrors in the bedroom!![rambo2]
Maybe, but a LOT of FUN!!!!!
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055SamJames,
Unfortunately Property Managers come in Great!, O.K. and Too-Awful-To-Describe-On_This-Forum…I would also suggest you get what you pay for. I am always sceptical about the Fees they charge and don’t mind letting them know I expect Prompt Efficient Service. Some Landlords don’t care. As a result some Property Managers feel ALL of them don’t care. I had to sack one of mine recently as I got a notice from the Council informing me that the Lawn on one of my Properties (which is tenanted) was FIVE FEET HIGH and If I didn’t rectify it I was up for $1500.00 PLUS a COURT APPEARANCE PLUS the cost of the council coming in and doing it. The funny thing is the date the council inspected the property as per the complaints just happened to coincide with the date that my PM Allegedly did their inapection and found the property to be in Perfect Condition! Then they asked why I was unhappy. I faxed through the Council Letter whilst on the Phone to the Principal and the silence was deafening! They even waived the 90Days exit AND had the Lawn Mowed at their expense. I’d probably be inclined to think that they had a job advertised in the Positins Vacant section that Saturday too!
Do your homework, meet with them and find out what you’re paying for. I would also suggest you, go as far as letting them know your expectations and have them note it on the computer.
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055O.K. are the different tiles noted in the contract, but not in the pricing on the contract? If this is the case they have no option but to give you those tiles at the standard charge. Basically the contract should be a fixed price contract and they can only change it as per your variations AFTER commencement. If you entered into the contract at that price with those inclusions that unfortunately for them is their mistake and now their cost. If they refuse take your contract to both the Master Builders and HIA associations and ask them for a ruling. They will ensure the builder complies as they are the two major industry bodies.
If they are not noted in the contract for that price though, I would speak with the builder, and the Salesperson, explain your position and ask them to go thirds. This will give you the opportunity to only pay around the $1200.00 mark which you should be able to come up with by the end of building right? If they refuse to work with you explain to them that your bank will not re-approve you for more funds and you will void the contract if they don’t. (This is an awesome Bluff.) Also explain to them you didn’t make the mistake and as such as you now have to beg, borrow and steal to fix it you feel it’s fair to cover some of the costs, just not all.
If neither of those appeal to you then sue the Builder for Breach of contract. (Problem is, this will take a long, long time!!)
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055Originally posted by matt_hooper:the cost is FROM $4600 a square
I’m pretty sure this line answers your question I have highlighted the Vital word for you!
Ps: No site allowance? No soil tests? Where is it? What is the wind rating? No rendering or bagging? No external painting?
The ceiling height is only 8″??? I can touch that you need at least 9″ and preferably 10″! Watch the price rise for that one…
What kind of Hot water system do they give you? I didn’t see it noted anywhere? Is this an additional expense?
How much is the Air Conditioning? I noticed Heating but not Cooling? Ceiling fans are how much?
How much are additional GPO’s? I would double them in each room as even then there is normally too few..
How much extra is it if the soil tests show highly reactive soil and you need to change/upspec your slab?
These are the things that you need to now. Believe me they will change the pricing.
And then you get to add the fencing, driveways, clothelines, power rooler doors for the garage(s), letter boxes, turfing, etc I think by now you catch my drift…
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055I personally would be thinking with that you could use the standard Coorparoo motto which seems to be 3-storey walk up 12 packs?
The land content is there and you have the option of even utilising the block to generate perhaps a more upmarket style with some having city views (from the spas on their private balconies of course)?
Try a Town Planning Company. They will be able to design, have approved and lead you to several builders who are more than competent at this kind of job.
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055Turtle I’d like to catch up with you for coffee (and I’ll even buy as I know how tight you agents are! :p )
Please contact me to arrange a suitable time.
Thanks.
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055I’m Stunned. That’s all I have to say. The loss of CoastyMike is a true loss to this forum. I have read many of his posts in awe at his simple manner of explanation and truly aspire to write like him. Unfortunately I am unable to yet, but with practice…
Lisa, if you don’t wish for your copy of Dale’s book to be wasted I’ll buy it off you for $20.00.
That goes for everyone else on the forum who has decided it is rubbish. I know a couple of people to whom it would make an ideal present. I also love books (even the boring ones) and would hate to see it wasted or binned etc;
Dale, I haven’t read your book. I have heard many both on here and not speak highly of it and yourself. If Cata thinks you’re alright then that’s enough for me. He might be costing me my new motorcycle (which I don’t really need anyway) to set up my trust structures, but I’m sure when I’m claiming my sex toys (does that include german dvd’s too?) back from the ATO I’ll be more than happy with the expense incurred!
I am completely disenchanted with the posts on here. I must admit. I thought this was somewhere for EVERYONE to come and SHARE their KNOWLEDGE with others, and for EVERYONE to LEARN from OTHERS. For goodness sake what has the world come to? All we need now is a bomb and some terror and we will be no better off than those in an oppressed society.
If I offend some of you then GREAT!
Perhaps you need it.
Hey you don’t like the book don’t read the damned thing! If you don’t agree with someone’s opinion then DON’T READ IT! or simply say “I disagree because of ________(insert fact here)”
Anyone would think it is rocket science.
I have to go now before I really really go off.
The offer stands: if you don’t want your copy of the book I’ll pay $20 for it.
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055I’m not so sure about the Development Sites in Adelaide, but I am planning on flying down there within the next couple of months and offloading a mil or so of My bank managers nightmares! I mean spending some of the money he ever so grudgingly hands to me…
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055What are the outlays? management fees, body corporate etc? Insurances? Rates?
I would suggest against it personally but it may be the right thing for you. It is hard to know without knowing your personal position…
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055This theory works on the principle that yes your buy in costs are doubled, but so is your Capital Growth as you have Three yes three Properties where before you only had one. It is also handy when you have an underperforming assett…
Remember you are using the PROFIT to purchase the next two. your initial deposit is then placed on a third asset, and as such yu expand your portfolio much faster than before…
Then again maybe I’m wrong on this one…
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055Try Kennard’s or Coates Hire Perhaps even the hire Section of your local Bunnings – They should have one about the size of a Floor Polisher which will do the trick in no time for you.
Once you have done the floor self levelling concrete on top will fix any remaining probs. You could probably even cheat and get away with that without removing the old glue. (I don’t recommend trying it though as it could become more expensive)
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055I agree Amanda, I once heard a saying I can’t remember who it was who said it though but here it is:
“Before you Lend Money to a Friend, decide which you need the most – The Money or the Friend”
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055Damn there goes my new GSXR 1000 – all to pay for my Trusts!
Oh well I guess the scooter will have to suffice for a touch longer…
I have to ask now – Would it be prudent if you realised you were going to go Bankrupt (as unethical as this suggestion may be seen to be) to divorce your wife (you need a lot of faith in this) and remain living in the same house (in separate rooms of course)? Would this then shield the “Family Assett” from the judgements and Repo’s?
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055Terry, you forgot to mention the $500k minimum Loan Value on the 80% with RAMS
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055I am picked up 2 in the last 3 weeks in S.E. Qld
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055Like anything Activity = Results. But in saying this you need to be prepared to ut in the time and come up with nothing. Then some days you will have 50 people call you and You will be exhausted.
Agents letterbox drop and it works for them why not cut them out of the picture? I have even walked up and downa street I wanted to buy in and knocked on every door until I found someone who wanted to sell.
Another not so nice trick – If the people are playing hardball and not negotiating on the sale, knock on their neighbours door and ask them if they want to sell! Do this all up and down the street. Let the seller know you mean business…
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055Success for me is to be truly happy in life. Now in order for that to happen I’ll need to retire at age 40 with a passive income of $2m per year. increasing with CPI naturally. This should allow me to crash some more motorbikes, oops I mean ride them through Europe and run amok on the AutoBahns over there whilst being young enough to apprecite the world for what it is and what I have achieved…
Does this make me greedy? Perhaps. Then again, I also plan on being able to pass on a Legacy, which will hopefully one day be classed as “old money”.
Sometimes the Black Sheep does have it right…
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055Originally posted by wealth4life:you cannot understand how women think or act. I firmly believe that women process information differently
and know when enough is enough, their basis of reasoning is different i believe – go ask your wife if you have one.
D
Aint that the truth!
With the exception of the enough is enough section. Try getting my other half to see enough is enough when we disagree? NEVER!
No seriously though Men and Women do communicate on two different levels completely. Listen to the two sexes on the phone to their “Mates”. Genrally Speaking – Men are content to grunt and speak occassionally and women have to actually speak. Check it out next time you get the chance…
Ps: as for the book? What can I say except I’m not the target audience although if someone buys me a copy I’ll post a full and frank review on here for all and sundry!!!
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055
