Forum Replies Created
that was a good explanation of benefits of more frequent payments – but that only works if your loan permits this… Check the loan documents, it may have a specific paragraph that fortnightly and weekly repayments would not speed up the process. This does not appear to be common issue but happens with some smaller lenders.
Cheers
quote:
do a google search on the principal of the company. His name is Victor Ollis.this is interesting ‘background reading’…
I went on such a tour last year and it was interesting to take a first look at properties inland. The reason that I decided not to do any business with them was the gap between spoken promises and paperwork. For example, the “guarantee” of ever-increasing income for 25 years sounds great… but all the paperwork they provided for it was … a one page Lease Agreement?? That is not a guarantee!
Cheers,
AndreiHi,
I started looking for properties in NSW country towns. Looks like to satisfy the “11 seconds” rule, it has to be priced at or below $50,000 and that led me to very small towns… Difficulties I see here:
– low prospects of future capital growth, because population is more or less static;
– I hear that towns of less the 10,000 people cause problems with lenders;
– if one (main) employer closes, there will be a long term glut of properties…Any experience and advice?
Thanks,
Andrei
