If I had enough cash to stay out of mortgage lender territory, then wouldn’t it be pointless to ask the vendor to leave 20% in the deal? I may as well use the cash as a deposit.

Thanks,

Ian

Sorry couldn’t resist.

What if it’s in a depressed market where the property will possibly go down in value?

What if interest rates are on the rise?

Wilandel, pardon my ignorance, but if this was the case, what would happen to your loans that had equity redrawn from them?

Now that I have calmed down……..I gave the property the flick today and will be collecting the deposit on Saturday.

Apparently the vendor has heard how well this town is doing and wanted to up the ante, hence the change in price.

That’s a BIG negative on the fallen in love with the property scenario. I don’t particularly care about the house, we have others that we are currently looking at anyway.

What I do care about are agents with poor and inadequete communication who are to gutless to tell the situation to my face, but do what they want to do in an…[Read more]

Until that contract is signed and witnessed by both you and the vendor a price has not been agreed on and no obligation to sell or buy has been created. (though it is a bit rude)

Damn right it’s rude. As far as I am aware, no one has offered a higher price, otherwise it wouldn’t be advertised on the website for 210 000 right?

I was…[Read more]

I see where you are coming from and agree with what you are saying, but I should clarify the situation. On reading back on what I said originally, I forgot to mention that we actually had a contract for $175 which we had signed. You may be thinking well if that’s the case what’s the problem?

Well the way the agents work in this…[Read more]

Our second property that we are currently in negotiations for has the same type of stuff by the sound of it. It makes the house very dark and feel quite small.

We have had advice from a paint shop that you can just paint over it with the right kind of paint (I don’t know what sort). Firstly you need to paint between the joins with a…[Read more]

Thanks for that. In our defence however, I don’t think that we are letting ourselves down. This is only our second investment property and are still learning right from wrong. We are maintaining our original offer of $175 000, the only thing we have changed is the settlement time.

The price is determined by a vendor and buyer agreeing…[Read more]

We’re currently looking at Rocky, but what exactly is a lease option?[blush2]

Regards,

Ian

Regards,

Ian

How about this one.

‘Patience is a virtue’ [cigar]. Don’t spoil your hard work by rushing into things.

Good Luck,

Ian

Tried this also Jo….No luck. I’m at a loss!![hmmm]

Thanks,

Ian

Have you selected one, that is highlighted one (make sure it previews in the box) Did that.
, then when all this checks ok, go down the the SUBMIT button and click to save it. Did it.

Failing that, don’t know what you could be doing wrong.Don’t see what else I could be doing…[Read more]

Still won’t let me do it.

Thanks anyway,

Regards,

Ian

How do I save it??

Will give it a go.

Ian

Ian.

Check out another post of mine titled ‘dodgy advice from outback bank staff’.

Thanks,

Ian

I’m getting married in March, and trust me the arguments and disagreements about the wedding with each other and family are all part of it. I reckon if you can get through the organisation of a wedding then you can get through anything.

We have been lucky with our families only offering advice when we asked for it. But I think most…[Read more]

I have read steves first and second book, and also a number of Robert Kiyosaki’s books, but I still fail to comprehend it.

Maybe I’m a bit simple [lmao] [cowboy2]

Do a search for DHA on this website to get more answers.

Ian

Interest free loans??

Thanks for the advice. I may p.m. you if I still come up against resistance.

Thankyou,

Regards,

Ian

Spoke to my ANZ branch who said that they would not accept an independant and would want to do a valuation themselves, bur still would not do one until we began paying some money off the…[Read more]

Think I’ll go through a broker next time as most of you have suggested.

Regards,

Ian[cap]

Can I get a revaluation before 6 months to access any equity or not? We believe that our house would sell around the 200K mark if we put it straight back on the market.

Thanks,

Ian

No we have not asked for a reappraisal yet as the house hasn’t settled (does this matter?). We have secured early access to the property to do minor work to it and it settles in early Feb. However, we believe that if we put it straight back on the market as is, we could make a profit.

I was asking ANZ about borrowing more in…[Read more]

I lived in DHA houses and I can attest the high high standard of upkeep and inspections done. I have never cleaned curtain tracks with a toothbrush for any other landlord

Did they really make you do this Simon??[ohno]

Thanks,

Ian

I have however noticed a difference in the service between regional and city branches of banks when it comes to loans.

If worst comes to worst then I’ll just…[Read more]

The list is endless, providing what you decide to do will add more value to rent/property than what it costs to install or fit etc.

Carports are a good one, new light fittings, doorknobs, garage, storage, fences, garden, painting interior/exterior or both………..

Regards,

Ian

That’s what I thought. Maybe I should go back to ANZ and clarify the situation. Perhaps it was a breakdown of communication?

Ian

With early access, be aware that if you make improvements to the place and then for what ever reason can’t go through with the purchase then you lose and the vendor wins (maybe).

If you make improvements and the vendor pulls out then you need to make sure you will be compensated.

Your solicitor will be able to advise you on this,…[Read more]

In response to femaleage20, if you read Robert Kyosakis book (? spelling) ‘retire young retire rich’ you may realise that you don’t necessarily have to…[Read more]

I tend to agree with Derek about the town being to small. I to come from a small town of 4500 people (not as small as yours)and have looked at many properties for sale. Most of them are absolute rubbish needing restumping and re-roofing, and they are way overpriced. Rental has also declined.

We decided to look closer to the coast and…[Read more]

Thanks guys. Excellent points.

Merry Christmas,

Ian [angry2]

Might take you up on that offer. I’m off to see the bank manager now. Will let you know.

Cheers,

Ian

Yes I have considered a higher LVR but I would rather avoid it.

I haven’t heard about that before so I shall give it a try with the bank manger this afternoon.

Thanks again,

Ian

Ian