Forum Replies Created
Hi jjeff,
Welcome to the forum…[biggrin]
I am not very experienced in this area, however, I would start by asking all the RE Agents in the town:
1. what type of properties are in demand at the moment i.e. 2br or 3br units or larger houses.
2. whether there is a market at the moment for selling blocks as is, and I’d also ask as many local builders in town what the demand is like. They are less likely to spin you a yarn…
If your block of land is in an area that is still booming, then you are lucky, however, if prices have slowed or dropped, you may be better off to take the money and run, and move on to another project.
Good luck with your decision,
Del [wink]
Hi banderos,
It is good that you have included point 2 as part of your goals.
Unless you keep up the network of positive minded focused friends & mentors, goals can too easily turn into distant day dreams….[sleepy2]
Regards,
Del [thumbsup2]
Hi,
We did it about 7 months ago also.
We didn’t want to keep using a LOC, which was right up at it’s limit. With interest rates on the rise, we can sleep better at night knowing that all of our properties have a max LVR of around 70% rather that 105% with LOC.
You do miss it though, when you have owned your own place for a long time!
Regards,
Del
Hi Brenda,
Just curious…
Which town is postcode 4305???
Regards,
Del
We have a large 4 to 5 br home that is on 10 acres at Hervey Bay QLD that we are settling on soon. It is fenced for horses, sheep etc.
It will be available for rent in a couple of weeks.
Regards,
Del [biggrin]
Hi,
Perhaps you could start by getting rental lists from the property managers in the town. See for yourself how many vacant houses there are at the moment.
Just be careful if the town is way way out, in places like the wimmera, (west of Horsham) etc where drought is still severley affecting many towns.
If the tenant moves out, do you think the house is likely to rent again easily?
Sometimes you have to go with your “gut” feeling.
Good luck,
Del
Hi Terryw,
That is incredible – only about 6 clients in 1600 posts…It is amazing that you stick with the site…[blink]
Just wanted to say thanks on behalf of the many people over the years that you have helped.[biggrin]
Regards,
Del
Hi Andrew,
It would be great so see you become a regular again here.[biggrin]
We have all missed your contributions, and someone with your experience would be of great benefit to the newer forumites.
You were a great mentor to many of us on this forum, especially us! [party]
Talk soon,
Del & Will [oneeyed][oink]
Hi AD,
Long time no hear… I still remember you, but that just shows how old I am!! [stitch]
Keep up the posts, we all miss hearing from you!
Kind regards,
Del
Ok here goes, stone me if you will…..[fear]
The way that I see it is, that Steve & Dave see posts all the time from people saying:
Where can I get Wrap finance?
How can I borrow from Australia for property in NZ?
etc…etc…etc…
They are merely providing a service for those people who do not want to search the net and the yellow pages to find a suitable broker.
I’m in no means saying anything good or bad about Leonie’s company, but some people will simply like the quick application technique.
It IS Steve & Dave’s website, and it is another way to re-coup money to pay for this expensive website.
I’m sure they are not going to put the regular brokers out of business.
Good luck to all!! [king]
They found a need and filled it!!
Personally, when I need a broker, I will stick to my current one, but there are a lot of people who may appreciate the added service.
Just my thoughts,
Del
Hi Sooshie,
Sorry, I can’t help with the technical problem.
I am probably more computer illiterate than you
(you see, I wasn’t even sure how to spell illiterate)…[glum2]I just wanted to say how nice it is to see your smiling face here again….[biggrin]
Lets try and get the old comoradorie going on this forum again??
(how do you spell comoradorie).Have a great day,
Del [tongue]
Hi elika,
I agree with Terryw…
We have used Prosolution for quite a while now and I couldn’t recommend anyone higher…
We are part of the MAP program, and they have contributed to us achieving our goals.They were recently awarded:
National finalist: Mortgage Broker of the Year…
The other finalists were Commonwealth Bank, and Wizard Home Loans.
Not bad going if you ask me.
Congratulations Stuart & Josie,[king]
Del & Will
hi nguyen,
It’s not too hard…
We try to find 3br properties that are in a reasonably close vicinity to schools, train stations, shops, etc..
The house doesn’t have to be flash, just basically clean with a low maintenance small yard.
Ask the opposition real estate property manager as to whether there are any major problems with the street etc, ‘cos they don’t have anything to lose by telling you the truth.
We try to drive past the prospective house at night time, just to check if there are any “gang warfare” signs. [medieval]
If all seems ok, and the numbers stack up, then jump in and give it a go.
It gets easier each time…
Good luck,
Del [smiling]
Hi,
Don’t you think there are enough fights and arguments on this forum already?
Regards,
Del
Hi,
As long as you are building up a cashflow positive portfolio, each time you purchase more, it actually increases your annual income, therefore increasing your buying power. [laughing]
It is when you purchase negatively geared properties, that it puts a stop on your investing. [weird]
Good luck,
Del
Start up a new Trust Structure, and only tell the bank what they are exactly asking you!
Del
No problem Brady Boy,
I will always try to help any people with *genuine* posts…
Please don’t abuse the forum.
There are a lot of people who give freely of their expertise and their time,
often very limited time..If you have genuine questions, please feel free to ask.
I will drop the X-box remarkes… Deal? [thumbsup2]Regards,
Del [upsidedown]
Hi Brady Boy,
Long time no hear!
Still asking these questions and wasting people’s time????
Go get on your X-Box like everyone else….
Del [thumbsdownanim
Hi everyone,
THE OUTCOME !!
We went to see the Bank Manager this morning, and we were able to get a split loan.
It is a commercial loan of $175,000.
50% for 12 months
50% variable.There is a fair chance that we will sell this property after 12 months.
Thanks for all your thoughts and opinions. It certainly helped us to make a more informed decision.
Kind regards,
Del & Will [thumbsup2]
Thanks Steven, Jeff & Jo,
I’m glad that it is a difficult thing even for people in the business…
Most of our loans are variable these days, as we are selling a couple of our fixed ones at the moment.. It’s a bummer ‘cos they are fixed at 6%.
I like the idea of a split type loan, because even though the rates are lowish now, who knows what those politicians will do after the election.
Thanks for the advice, (I feel better now)[strum]
Del
