All this depends on the quality of the carpet in the first place, hoping it's worth the effort..Cats give me asthma for some reason, and it's difficult to like something that stands on your oxygen hose.So I'm not a cat loving landlord. However, properly toilet trained they can be OK in a unit. To avoid another grey area turning into a difficult T…[Read more]

I-dream-houses wrote:
Hi guys. . . . She is quite elderly and was under the impression we wanted to buy her land. Despite assurances, she would not budge. . . . 

Priorities change as we age. From your post, there appears to be a lack of communication.  Try to think like a "quite elderly" grandmother. She doesn't need problems, but perhaps if sh…[Read more]

Adam – what a great website, well done, website developer has done a top job.cheersthecrest

Who pays ongoing energy bills to run the pumps?Who pays for the pumping station inspections,  maintenance and replacements?Elderly tend to retreat to a safe place rather than understanding, so they usually have an advisorand that's the person you need to talk to. It may be a family member or old friend or solicitor,sometimes an old retired bank m…[Read more]

Hi LeharnaThe law covering the actions of PMs sounds unbelievably toothless in Victoria. I'm in NSW, and here it's got teeth.Just for the information of us Forumites, can you please tell us :The source of your first paragraph about the law ?Which Govt Dept licences PMs in Vic ?Under what Act are PMs licenced ?Sorry you had such a low yield o…[Read more]

Thanks YI, good link to a private company, but howzabout anyone posting info here, coz we'll need some of the Forum experts to explain it to us.I know I sure will.    cheersthecrest

Sounds like the BC's fault, since you don't organise the workmen's schedule.The body corporate should have given you the property owner as well as the resident tenant any available information about the proposed works, and if it was BC work, then BC should clean up too. The tenant should have been advised about the work schedule in case it c…[Read more]

     "  If at first you don't succeed, then maybe skydiving's not for you." I value the services of  people who can facilitate the growth of my little empire, especially finance experts, and it's always a pleasure to pay for the expertise of efficient, friendly positive people.  cheersthecrest

Future residential tenants may be driven out by commercial development around them.When I picture a house between factories or warehouses, I only see problem tenants.Land should appreciate, could be a site to place a commercial building in the future.cheersthecrest

I want my cash flow+ properties in a growth area.yeah i was listening

Good question.Other factors affect the price over 5 years, like proximity to infrastructure like freeway, hospital, shops, school, local employmentland sizesupply & demand of housing in that areaNot easy to compare these 2 , because there are pluses and minuses,the house has one more brm, more land and probably on ground level, whilethe…[Read more]

what concern is actually "going" ? or will be at the time of sale ?

There are brokers on this Forum who've been helping people for a long time, as you can see from the number of posts to their credit and the date they joined.They deserve the support of the forum members. cheersthecrest 

Number8 just renewed my faith in the finance industry – where was this kind of direct help  when I was fresh out of high school?(It was probably there but I didn't have wealthyjvd's initiative and didn't connect with an amazing Forum like this one and the great people in it ! )Thank youcheersthecrest

Qlds007 wrote:
Lenders like Anz dont do full valuations on purchases or refinances irrespective of what they lvr is if a modelled estimate can be found or if it is a 90% purchase they take the contract of sale depending on where the purchase / security is (both in the same state fine if not likely be a kerbside valuation and asssuming a Real…[Read more]

The Law Society can give you names of specialists in certain areas. Few lawyers like the Residential Tenancies Act area because it pays poorly and usually involves tenants with no recoverable assets, however in your situation, it may be a Real Estate Agent as the target.Dept Fair Trading in each state should be able to advise you how to proceed…[Read more]

Hi Richard n BankerOOOOhh  goody, is this an option to those conservative valuers so favoured by the big 4 ?Coz I'm in the process of discussing this problem with St George, where I want to buy residential property, then mortgage it to release funds to buy a commercial property (motel), which then gets me a commercial loan at res rates BTW. But,…[Read more]

Well done Elli – mystery shopping your PM, paid off too.That vacant property could've been yours next tenant changeover, (may you never have one).When I was a PM, I always worked Saturdays, because that's when the gainfully employed can do inspections.

How long do you want to live there?How long do you think they will want you to live there?How long do you think they want to live with you?What is your exit strategy ?How can you teach them to fish rather than giving them fish ?Do they want to be self sufficient, and can you help them achieve it ?And BTW – congratulations and whatever happens,…[Read more]

God of money's bum looks like poo bear, just saw 3 in a row, more than enough this time of night.BTW, great post thanks Richard.