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Viewing 20 posts - 41 through 60 (of 232 total)
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  • Profile photo of BennyteeBennytee
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    @ten_burner
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    Post Count: 243
    March 12, 2014 - 9:38 pm

    I got a loan application going through now with CBA, I am in a casual position (I work more than full time hours) , I have only been working there 4 months. CBA said it shouldn't be a problem. Ill know by end of week. 

    Profile photo of BennyteeBennytee
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    @ten_burner
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    March 12, 2014 - 9:31 pm

    You might need to tee up vendor finance if your loan falls over. 

    Profile photo of BennyteeBennytee
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    @ten_burner
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    March 11, 2014 - 10:08 pm

    Notice the date that this thread started, there were also some big calls during the GFC about the (supposed) impact on Australia, an here we are…

    Profile photo of BennyteeBennytee
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    @ten_burner
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    March 10, 2014 - 6:14 am

    I have been using unlicensed handy men to do stock standard full bathroom renos between 4-5K & partial bathroom renos for 2K.

    Profile photo of BennyteeBennytee
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    @ten_burner
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    March 7, 2014 - 6:54 pm

    Try sourcing your own materials & use unlicensed people (except for electrical work) plenty of handymen spent time as trade assists to tilers etc. They work for much less in my experience & I haven't had an issue with the quality of work for stock standard bathrooms etc

    Profile photo of BennyteeBennytee
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    @ten_burner
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    March 6, 2014 - 5:56 pm

    I got a mate who bought a place in Gladstone a few years ago, I spoke to him the other day he said he will have to sell less than he bought it, he can't wait to see the back of it. I flew up there  2 years ago an had a look around, I am glad I didn't buy now. To many new properties built in the last few years created over supply in my opinion.

    Profile photo of BennyteeBennytee
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    @ten_burner
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    March 6, 2014 - 5:32 pm

    @Engelo I am coming to Kansas City mid next month, ill come see you if you around.

    Profile photo of BennyteeBennytee
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    @ten_burner
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    March 6, 2014 - 5:28 pm

    Unless you are a US citizen or you got a working visa, you can't work (I'm assuming you Australian) you will need to fund yourself, that will eat into your 150K. 

    Profile photo of BennyteeBennytee
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    @ten_burner
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    March 1, 2014 - 7:37 am

    Management fees are usually quite high.

    There is a limited market for them as they are investor driven.

    Hard to off load in a good market let alone in a bad one.

    Lower LVRs = bigger deposit 

    I would call them junk investments.. I think there are better places to put money.

    Profile photo of BennyteeBennytee
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    @ten_burner
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    February 27, 2014 - 11:09 am

    This is why I never let family members rent my places, even if if they got money/ jobs etc. 

    Most states have emergency housing for situations like your family members are in, some charities provide it:

    http://www.ywca.org.au/how-we-change-communities/program/housing-and-accommodation/emergency-housing-support

    if you call your state government housing authority they will be able to put you in touch with the right people.

    If they still don't want to leave & it gets nasty change the locks when there out one day, cut the services to the property (smoke them out), call the police. They have no lawful right to be their, they have no lease, all the services in you name, title is in your name. 

    Profile photo of BennyteeBennytee
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    @ten_burner
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    February 25, 2014 - 8:24 am

    The Northern Suburbs of Hobart are offering high yields 7-8% plus is achievable, around 10% if you buy the old government housing stuff in the rougher areas however no growth for the foreseeable future down their.

    Profile photo of BennyteeBennytee
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    @ten_burner
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    February 24, 2014 - 11:05 am

    A couple of books I read lately about US property investing, I thought they were both really useful.

    Investing in US Property: The Foreign Investors Unbiased guide to investing in US property.

    By Michael Ryan

    Buying Property in The USA: A Foreign Investor's Guide

    By Sam Daniels & Ken Sugiura 

    Profile photo of BennyteeBennytee
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    @ten_burner
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    February 20, 2014 - 7:45 am

    It would depend on how many properties you had. I managed 3 for a year & hated it, never again. Maybe if you manage only one and you live nearby it might work.

    Profile photo of BennyteeBennytee
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    @ten_burner
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    February 20, 2014 - 7:42 am

    Peter from Brisbane happens to be where the meeting is located and he signed up today…Suspicious   

    Profile photo of BennyteeBennytee
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    @ten_burner
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    February 19, 2014 - 9:40 am

    Harry Dent is just trying to promote his new book.

    Profile photo of BennyteeBennytee
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    @ten_burner
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    February 18, 2014 - 3:21 pm

    http://www.ustaxcentral.com/

    I just started dealing with these guys

    Profile photo of BennyteeBennytee
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    @ten_burner
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    February 18, 2014 - 3:13 pm

    Been asked before

    https://www.propertyinvesting.com/forums/help-needed/4348269

    Profile photo of BennyteeBennytee
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    @ten_burner
    Join Date: 2006
    Post Count: 243
    February 17, 2014 - 2:29 pm

    This forum has been the best mentor for me, I have read countless posts I would owe most of what I know about IP from people in these forum posts over the last several years. Its also the best value for money lol

    Profile photo of BennyteeBennytee
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    @ten_burner
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    January 28, 2014 - 10:04 am

    Maybe try Claremont, Glenorchy or berridale, better than Gagie, I believe 8% is achievable if you hunt around in these suburbs. it's still a soft market there people will usual move down on price more than they would in other capital cities at the moment due to the economic situation in TAS

    Profile photo of BennyteeBennytee
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    @ten_burner
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    Post Count: 243
    January 28, 2014 - 9:51 am

    RP data has that info is the place in Sydney? If it is ill look it up for you. I have subscription for Sydney metro.

    just send me a private message with address.

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