Hi Mini that’s great news[]

regards westan

Hi insider

i am going to NZ for a long holiday, hope not to work over there, except on a few properties i’ve got and will buy. i’ll probably stay for 1 -3 yrs we will have to see how we like it, we have 4 kids at school so it depends how they go also.
i’ll get in touch with you
westan

Hi painter

i’ve bought two properties in Balclutha and will be moving there next january if all goes to plan. i’ll have to catch up.

westan

Ok

there were these asparagus farmers named will and del who always wanted a Zebra one day they bought one and brought it home. they said to the Zebra why don’t you go and meet the other animals, So off trotted the Zebra. it met a sheep and said hello what’s your name ? the sheep said “i’m mrs Sheep”, the Zebra said “what do you do?” i make…[Read more]

Hi Bruce

i’ve got a great book for you to read the only thing is look for the message because it’s not a true story. But the message is great it inspired me about 4 yrs ago and i did what he said and i’m retiring at the end of the year aged 39.
The book is called Rich Dad Poor Dad.
all the best westan

as valuer can only go on the current value which is acheived by looking at what prices comparable properties are selling for. i’d talk to a value and ask them what they think ?

westan

wayneL
the point i’m making is even the people i know with money aren’t finding it easy to make money trading. Some of these are experienced traders. thats what i see
westan

hi sat2003

when i’ve refinanced with NAB i’ve always got a valuation the same as i asked (my figure were realistic) because as enjolady said a bank employee does a drive by valuation, so support your valuation with comparable sales in the area and you shouldn’t need a valuation unless your trying to get a higher than market value.
westan

yes fullout it is normal proceedure.
back to your original question what are your thought about the 93k property
westan

fullout
that document says the same as the other. did you have to contibute more cash to the deal other than your deposit of 16,600 and a loan of 64,400 ?

What will you do if a mistake has been made and the vendor is out of pocket?

A moral dilemma ?
regards westan

well done Gianni

are you still finding properties ?
i’ve given up on Victoria. it’s just too difficult now. i haven’t bought in Vic since last april.
westan

i know people with this amount and more
westan

Fullout
yes it does

He paid for the
Cost of
your loan Homeside Lending 500
your SD State Revenue 2021.60
Your costs Registrar of Titles 413
Deacons (whoever that is) 189.26
Your COnveyencer 496.86
if what you have is right then they have /and the solicitor have stuffed up. i find this hardto believe ????
let me…[Read more]

Crashy
professional advice ???

where do you find that its all self interest out there mate.
westan

fullout

are they the figure from the bank ??
regarding you loan
because if the are they have stuffed up.
what about your deposit on the purchase?
SD is not included in the purchase price neither is legal cost , loan fees nearly all those costs.
i only allowed 1500 costs, i was well under those figure so the return on cash is even less than i said
westan

hi crashy
i think the question refers to Tues night on TV because ianbillers post was at 6.24 before TT was aired.

sadly once again TT shows how easy it is to make money and offer great advice ???? most of the people i know who are traders aren’t making much cash at all. what areyou seeing with your friends?
regards westan

yes afgangirl as “Simon says” (i’m sure i’ve heard that before somewhere?) more detail is needed for instance where is the property.
regards westan

Fullout

how much did you allow for
repairs/ maintenance ?
gee i’d love an overage of 1 week vacancy per year on my properties, i’ve never worked it out but i’d be conservative and est. about 3 per yr.
regards wetan

yes it is the state revenue office
or commissioner as your paperwork says.
regards westan

Hi spideyman

if you buy you need at full back plan if one has a change of mind about the house. who know you may meet a beautiful woman and suddenly sharing a house with brother for the next 5 yrs doesn’t look so appealing.

Also it may be difficult if you are planning to use some of the equity in your home to buy IP’s. if your brother’s name is…[Read more]