Hi Andy,
I can understand your wife making that comment, and from one angle she is correct (i.e. property investments are typically long-term investments). Perhaps the point she is missing though could be this – if an investment sours, it is often better to “cut your losses” than to hold in hope. Without any actual numbers though, an…[Read more]

Hi Lenka,
It would be good to provide a bit more info re “where you are”. I did a quick Google for “Occupational Certificate” and had a number of possibilities pop up. A couple of these mention NSW – is that where you are from?

One in particular mentions Bushfire Consultants issuing an OC after an inspection by them. Is THIS what you are…[Read more]

Hi Lenka,
It would be good to provide a bit more info re “where you are”. I did a quick Google for “OC” and had a number of possibilities pop up. A couple of these mention NSW – is that where you are from?

One in particular mentions Bushfire Consultants issuing an OC after an inspection by them. Is THIS what you are wanting to get? The…[Read more]

Hi Kenif,
Usually, water only flows downhill. One exception would be “capillary action” (think of a sponge, which can actually draw water UP). Now, if the water from your courtyard has been fixed previously, is it possible that the problem might be porous materials drawing water UP from underneath the building – up the walls, or through the…[Read more]

Hi Kenif,
Usually, water only flows downhill. One exception would be “capillary action” (think of a sponge, which can actually draw water UP). Now, if the water from your courtyard has been fixed previously, is it possible that the problem might be porous materials drawing water UP from underneath the building – up the walls, through the…[Read more]

Brian,
I think you should take that settlement document back to the conveyancer/solicitor who DID the settlement, and ask them to explain to you just what went where, and who should now be paying the rates. I am guessing here, but it seems to me like you are endeavouring to understand the settlement adjustment document on your own. I found I…[Read more]

Hi Brian,

“our vendor did not pay the council rate that we have agreed to the settlement adjustment sheet.”

Now, I am not someone versed in all the ways of property and the legals surrounding them, but I have a bit of experience. Still, if others more wise can offer extra thoughts, please do so.

AFAIK, settlement involves a lot of agreeing…[Read more]

Hi Kenif,

owners corp say courtyard area not common property, my courtyard so water leaking through walls my problem.

Hmmm – OK, so this is a private courtyard then. Are you alone in having your own private courtyard, or do other owners ALSO have one, and, most importantly, are THEIRS leaking too?

What I am getting at here is this – if the…[Read more]

Hi Hem,
I’m sure there are many good companies out there. Main thing is, what are you wanting to buy? If you don’t know, then others might have a plan for your money (or Equity). Watch out if ANY company follows this script:-
https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/page/3/#post-5038486…[Read more]

Hi San,
My initial reaction was “WHO would want to live 3Km from a major airport?” Of course, that was a kneejerk reaction from a residential property investor.

A better thought would be to consider commercial rather than residential – i.e. sell the land to a hotel chain, to an industry for warehousing, a rental car company, etc,…[Read more]

Hmm, here we are 18 months later – I happened to be rereading this topic, when two comments from above fused together in my mind, and a huge lightbulb lit up !!!

Here they are:-

1. from the original poster – “From the start it is cash flow positive.”
and
2. from several reply posts – “…you will only get a 60% loan and that’s if y…[Read more]

Hmm, here we are 18 months later – I happened to be rereading this topic, when two comments from above fused together in my mind, and a huge lightbulb lit up !!!

Here they are:-

1. from the original poster – “From the start it is cash flow positive.”
and
2. from several reply posts – “…you will only get a 60% loan and that’s if y…[Read more]

Hmm, here we are 18 months later – I happened to be rereading this topic, when two comments fused together in my mind, and a huge lightbulb lit up !!! Here they are:-

1. from the original poster – “From the start it is cash flow positive.”
and
2. from several reply posts – “…you will only get a 60% loan and that’s if you are l…[Read more]

Hi Kenif,
I agree there should be “somebody” responsible for this, and I would doubt it should be up to you to fix. If ten years old, could it still be the builder themselves – I vaguely recall limitations of about 6 years, but that might vary depnding on whether a private home vs an apartment block? In short – I don’t know !!

If you drew…[Read more]

Hi Pascoe82,
Once again, Terryw is “teaching us to fish” rather than giving us one. One super important learning re Offsets (and indeed ANY accounts relating to property – savings, redraw, cheque, etc) is spelled out rather succinctly by @terryw here:-
https://www.propertyinvesting.com/topic/4997918-redraw-from-an-offset/#post-5029521

Have a…[Read more]

Hi Pascoe82,
Once again, Terryw is “teaching us to fish” rather than giving us one. One super important learning re Offsets (and indeed ANY accounts relating to property – savings, redraw, cheque, etc) is speeled out rather succinctly by @terryw here:-
https://www.propertyinvesting.com/topic/4997918-redraw-from-an-offset/#post-5029521

Have…[Read more]

Hi Andrew,
Just a quick note – sorry I can’t add anything of value as an answer for you though.

I noticed your post had “disappeared” off the front page. We have a number of members who swing by over a weekend, so I wanted to put your question out front (my reply post does just that) so someone with knowledge in that area might see it and…[Read more]

Hi Andrew,
Just a quick note – sorry I can’t add anything of value as an answer for you though.

I noticed your post had “disappeared” off the front page. We have a number of members who swing by over a weekend, so I wanted to see your question out front so someone with knowledge might see it over the next day or so,

Benny

Hi Warren,
Although I’m not one who has enough experience to help you to answer this one, I wanted to reply to bring your question back into view for those who CAN answer it to take a look. It seems you have already done a lot of digging, and have provided a very complete set of “What-ifs” for others to contemplate – you deserve accolades for…[Read more]

Hi Laura,
I know years back (and probably still today) I recall Steve saying something like “What are you prepared to give up to reach your goals?” He was pointing out we all have 24 hours a day, and these hours are apportioned according to how we choose. It may be that your time is “full” which means you will need to give some thought re…[Read more]