Hi Ssusanh,

I would have to say If I had listened to everyone saying no, I would have no properties now.

To purchase the first house took over 4 months, and 5 different Mortgage Brokers.

So, even with all the above objections, by being creative, thinking outside the box, pushing things when needed I have two properties most everyone one else…[Read more]

Shape wrote:
If you could provide some numbers, LVR and how much savings you have etc might be able to work something out…no promises

Done a loan for a client in a very simliar situation, Client knock down the property and realize 3 month alter the land value is less then they expected + they had no deposit to make up for the short fall or…[Read more]

Hi All,

Ssusanh if you really want this to happen, be cautious, as I said, and be creative!

And I would have to say I have always found it better to “tell” the banks “what they want to hear”.

Cheers and Good luck!

Mark

ssusanh wrote:
 I would like to get back into my own home after a disasterous relationship where I lost everything.  Unfortunately I don't meet traditional requirements.  I have a great secure government job with a steady income, but very little else.  I'm looking to vendor finance a cottage in the Blue Mountains.  Where do I start?…[Read more]

Qlds007 wrote:
MarkI think from your post you are saying that you have demolished the existing dwelling and are wanting to construct a new property on the site and that the current land value isnt sufficient to cover the existing debt.If i have it right then that will be the case with every lender but if i missed something then feel free to…[Read more]

Hi

I have a suggestion, but not one to post here.

Contact me via email, if you wish.

Cheers

Mark

Hi,

I recently missed a property in much the same way. That old learning curve again!

For a place to call home, not an investment, I guess if your heart says “pay this much” you should do it.

As for the letter, think carefully about the content / structure / offer, and try it.

What is the worst someone can say, “No”

Best of luck : ))

TMR

Hi,   According to my property-investing accountant, the time limitation for CGT is only 3 months. If it is your primary place of residence, and you sell AFTER three months, you are not liable for CGT.  It is listed on the ATO web site.  Cheers Mark

F R Perry + AssociatesLevel 13, 30 Collins StreetMelbourne, VIC 3000Ph: 03 9662 1999 Fax: 03 9662 2044Have been fantastic. Give then a call. Alistair has been the best contact there.CheersMark

Hi Lena,

I have a property where I supply ADSL Broadband to the tenants; multiple tenants so a little different to your situation. I absorbed the cost of equipment, set-up, phone line, (or the Taxman does), and the tenants pay a small additional access fee.
For ADSL Broadband I use and recommend TPG. http://www.tpg.com.au Much larger download quotas for…[Read more]

Hi Kim,

From what I am told, it’s just a lease from a party other then the buyer or the seller.

As an example, one of the guys I work with has a house in Karratha in WA, but he lives in Brisbane now. His old employer in WA needs housing for its employees, so his ex company leased the house from him for a few years.

I don’t have all the i…[Read more]

Hi Paul,

Office space on a busy road abounds at Annerley (Annerley Junction) on Ipswich Rd. An older shopping center that is waiting for a new lease of life. For sale or lease I am not sure (not really an interest), but I do recall one of the blocks has two units at the back of it.

Might be of interest.

Cheers

TMR

Hi again Terryw, I chased up the third party lease option, and it looks like it will fix 75% of the problem. So looking for or creating a third party ; ) Thanks for that. If anyone can find a lender that is happy with a room to room deal, I will be very happy, but totally suprised! I think I have checked with most.

Hi Aslam, and thank you for your reply.

Yes, I am aware of that, but what I was looking for is help with my question.

Thanks to some other suggestions, it looks like a third party lease will solve 75% of the problem.

Cheers

TMR [exhappy]

Hi Terryw, and thanks for your reply.

The bank I am currently with (and it seems all others) does not seem to care at all about the amount of money coming in. They just don’t want to acknowledge room-to-room returns. Pretty stupid considering there is an 18-month history of consistent income.

I do like your idea about the 3rd party lease. I wi…[Read more]

Hi Tim, and thanks for your reply.

Yes, I do manage the property myself, and as I posted in the HELP forum, after 18 months of managing the house, I can now tell A LOT of interesting stories.

During Uni holidays? Has not been a problem yet.
There is a mix of workers and students in the house.
I would have to say Adult and International…[Read more]

Hi Simon and thanks for your reply.

TMR – Can you get 7 x leases drawn up? Or can you get a rental letter from a real estate agent showing market rent being what you are getting now?

Yes, I can. I have found a property management company that deals in boarding / room-to-room houses, and that would confirm and legitimise the rental income. The…[Read more]

Hi Josh,

Yes, it is a great opportunity!

Thank you for your reply, but your not telling me anything new.

If I can find a way to fix this problem, I could most likely find one of

these deals a month.

Cheers

TMR

Thanks Del. Nice of you to say so.
[biggrin]
Mark

Thank for your reply. I guess that answers my question.
Cheers
Mark
[biggrin]