We are looking for our PPOR to start with about 10-20acres. Modest for this one as we dont want a huge debt to repay for our home, and we can spend more on IPs.
We had our solicitor chase the buyers and the agent, it was going in circles so we pulled the plug on the solicitor before the solicitor fees started to build up.
We are still chasing the agent ourselves through annoyance mainly.
Computer Games, Drawing (ie pencil sketching.), Ten Pin Bowling, I have kids so thats most of the time, computer programming (“Unix ksh, perl, C, Html, VB, etc..”)….
But Im hoping to get more free time, as my property investing is established and i can happly announce to the boss the “Im retiring”, I keep dreaming that…[Read more]
Sooshie, its a doosie !… its bad enough trying to get back from 1 mortgage not multiple.
I cant go out and do deals… []
Im stuck at work still… but ive been spending most of my time in here, dont ya just love windows… when the boss comes past, the window drops… [8D]
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I noticed that Steve put your name “Sooshie” in his book!… im…[Read more]
Rowan we had our solicitor look into it for us, and he said that the Real Estate Agent was at fault, not banking the cheque that was given to him at the time the proposed buyers gave them the cheque.
We also asked about it through REIV, they said if we tried, the most the agent will get is a warning/wrap on the knuckles.
No problems, the document you need to get to your deposit is a “Section 27”.
I would suggest to anyone to apply for this as soon as your sale contracts are signed…. just be on the safe side.
We had a web page with Wizard, Aussie and Burnham, as Wizard paid us we removed their name, then Aussie got their solicitors to warn us if the site was not removed we would face legal action, so we suspended the site for 1 month. In that time Aussie paid us.
We are still working on Burnham, but since it was on TV last night, we need to find out if…[Read more]
I would think it wouldnt matter about your age, when you +ve gear, your tenants are paying out the loan for you, and you shouldnt need to add to the loan. So your not at risk of loosing the property, if things got out of control you still could sell the property to recover any costs or even Capital Gains…. but thats from a novice.