Suggestion – maybe put a clause in the contract – Subject to the purchaser's solicitor approving the conditions within the contract within x days of the offer being accepted.

Hi there – a couple of spots left if anyone would like to join us.

We have banked with ANZ for 20 years and a few years ago due to ANZ criteria being so restrictive moved our lending to RAMS where we are still below 7%.  We also borrowed some from NAB which is at 7.1%, Last month we needed about a mil for a block of units and the ANZ manager was by far the most responsive and their criteria seems to have re…[Read more]

What an interesting topic – maybe if the book was called 0 to financial freedom in 3.5 years it would take the focus away from the number of properties and look at the outcome achieved (but may not have sold as many copies!).  I too believe that it's not the number of properties you own or trade but about achieving your end goal, whatever that…[Read more]

  Thanks Mike for your very prompt report for the property at Turners Beach in Tasmania.  It was most helpful and we now have the property under contract.Best wishes to you for 2011,Cheers, Tracey

How frustrating for you.  The emotional energy that goes into this, especially when PPOR is involved, is enormous, not to mention the financial pain with the delays and the sleep deprivation from going over and over it in your head through the night.  Another suggestion that you may have already tried – would be worth having a meeting with bui…[Read more]

4 months does seem like a long time – councils usually have maximum times for aprovals but if there are issues with the application they stop the clock.Personally, I find some councils are more helfpul/flexible than others, as are some Planning Officers.  We had a situation recently where the Senior Planning Officer retired midway through our pl…[Read more]

Thanks for sharing the numbers – go to be happy with that outcome.  Nice work and well done.

Hi Ben, What a classic!  Very nice work – your story is hilarious.  I was keeping a look out for you at the conference after seeing your terrific claymation but we were sitting up the back so didn't even realise it was you on stage.  Keep up the great work!Hey, just noticed you are working for a developer selling acreage in Queensland.  Which…[Read more]

. . . . . . only 5 more sleeps!  Yep, I think I'm a nerd too!!Hope I spot your little doll/toy/thing D so I can say hi.

We had a Rural PPOR which had the same covenant on it which we were released from.  Also in the covenants the previous owner (who did the original subdivision) had the power to remove or alter any covenant so we approached him and he agreed to remove it from our block.  This was much easier than trying to gain an agreement from all the other owners.

Wow Troodyg, there are some logistics going on for you to get to Melbourne.  Hope everything falls into place for you and you can enjoy your time away from home.

We recently used a guy who also does work for Slate and Stone Products.  Not sure whether they'd be willing to give out details of their subcontractors but probably worth a call.  Their website is http://www.slateandstone.com.au/Cheers…

We have borrowings with RAMS and personally I have found them good to deal with – we are based in Tasmania and have dealt with Matthew Collins in Melbourne.  Our loan had low establishment fees, has a variable rate lower than the big four banks, no ongoing fees, free redraw etc. Only catch – there is an exit fee for early payout of the loan.Good luck.

Hubby and I will be there.  We live in Tassie so have the kids staying with family and are flying in early Friday morning and home Monday morning.  I’m the one keen on property and my husband the willing supporter – “just tell me where to sign and I’ll keep working until I don’t have to”!  Hopefully hubby will come away understanding mor…[Read more]

Hi NickWelcome to the forum.  Thought you might be interested in our current 3 unit project and the little challenges we've encountered.Last October we purchased a house (unit 1) on 1,338 sqm – a double block but on one title.   Two days after signing the contract we had a tenant sign up to move into the existing house after settlement.  All good…[Read more]

Hi YIWe have fantastic tenant in one of our rentals (no body corp) with two outside dogs.  Suggestion for you – rather than say pets will be permitted in the agreement we specified the two dogs and their breed so that it cannot be stretched out further by the tenants to add more dogs, cats or other pets.Good luck,Tracey

Hi Everyone, We are about to purchase our first investment property.  Can anyone give me an indication of how much we should expect Landlord's insurance to be?  Is it based on the value of the property or the rental return, or some other calculation that is a mystery to everyone but the insurers?  Thanks