Hi KT,
Brady has provided a suggestion that might work but there may be other sticking points. One I’ve read about is that a lender might give you a Personal Loan for a holiday, or a carport, but not as a deposit on a property. Still it seems it can be done. But then you need to approach another lender and now you have a personal loan that…[Read more]

Just had to set the record straight

I believe it can not be used with the old dial up only with ADSL or Broadband

I have Google Earth working fine on Dial-up. And, yes, it’s the Free version,

Benny

Funny how things go – I heard about “the GC corridor” when I moved into Logan 21 years ago. (Each generation of RE agents must have been schooled on the phrase)

Finally it MIGHT be coming to fruition. Certainly the GC highway is top quality (4 lanes each way, and smooth as a billiard table).

Whether or not this translates into “NOW is a good…[Read more]

Hi Wylie,

I think philosophical is good !!!!
Anyway, I used to mentally kick myself when I thought about the money we “gave away”. It took a while to stop beating myself up about this and I am much more philosophical nowdays
Not sure if I was double guessing, or what – but our first IP was bought for $48k with rent of $150/week. Guess we didn’t…[Read more]

Hi Mini,

Onya, girl !!! You said it good. And what if they only need the credit card for 3 months – $250 to borrow $10k sounds pretty good to me,

Benny

Wayne,
No one (including Steve or his associates) asked me, told me, threatened me or intimidated me into writing this post.

Care to share what DID lead you to this retraction? Like the others ahead of me, I am bemused, confused

Benny

Yasmina,

This is what I hear from the thread

1.You want the best financial result
2.You want to cut down your cost
3.You don’t want to work so hard.

So, from your input, your PPOR is in a good area and it has lots of equity. It is too big for you.

Here is what I would look at doing –
KEEP the house, but rent it – this should bring in $450+…[Read more]

Gimme a Skyline any day.

First was a Co. car when I had a permanent job. The good bit was discovering that wife (who has had back problems forever) couldtake a 4 hour drive with NO probs – usually stiff and sore after 1 – 2 hours. So…..

When I became redundant (thanks, dudes – best thing ever !!!) and a contractor, bought wife a Skyline…[Read more]

Hey Oshen, Dazzling,

How about cutting joytony a bit of slack here.

I checked the link and found the quote on the post was word for word with the link. ie. there was NOTHING left out of Daz’s post – so what the??

Joytony, relax, you’ve done it good !!! I can’t see any problem with what you’ve done here.

And Daz, Oshen, let’s not drive new…[Read more]

Hey Dr. X,

Good for you!!! I have a few thoughts about this subject, and here they are in no particular order –

1. An associate has a “sig” that says “Be who you are, and say what you think – for those who matter don’t mind – and those who mind, don’t matter” Worth some thought, yeah?

2. Some say “money is the root of all evil” – but…[Read more]

PasandBec,

Though you have $100k equity, this is on total value of $500k (i.e. 80%) so if you don’t wish to pay LMI I reckon you’re stuck.

But then, you only need $15k as a deposit and costs for a $64k property – can you not use a personal loan or cc to get this? The interest might be a lot higher, but if it’s for a short period why not?

Even…[Read more]

Len,

Things do not compute. From statements 4 and 8, you appear to have $380k in Equity but in 11. you seem to have only $25k equity.

Something needs correction Is 11. giving correct numbers?

Benny

I’ll have to find a knowledgeable mortgage broker to discuss this further. Where would be a good place to look? Any one know of a good one??
Look at the last three replies carefully

Benny

From what I understand it seems to have some good growth prospects
Really??? With 250% growth in the last 2 -3 years, I wouldn’t have been so sure. Maybe I need to call DD too

Benny

Hey Dr. X,

You certainly raised a great topic, and you’ve had a whole bunch of great responses.

Well done. Most of the others have given all of the answers that I could have given, so I’ll just say “Great thread, and similar responses” – one of the best I’ve read here.

Benny

221D is the old name – but I can’t determine what the new name should be. I’ve variously heard of it referred to as ITWV, or 1515. But nothing on the ATO website that I’ve found has added clarification.

Try this:
http://ato.gov.au/businesses/content.asp?doc=/content/17023.htm&page=2#P8_289

I’ve found the ATO website is a good cure for…[Read more]

JD,

I think Herb offered some good suggestions there. And TMA’s comment about 100% LVR could be valid too. So combine the two and see what can be done.

1. Do you believe that Spring Hill values will increase in the next 5 years?

2. By how much? Is this more than what you are spending to hold on to it?

3. Could you refinance this…[Read more]

Wayne,

You said this
I’ve managed to speak to the broker, and he said that even though the valuer’s may re-value the 4×2, in his experience, he said it’s Westpac’s policy to only work off the 1st valuation…?
For what its worth, one of my two successes WAS with a Westpac revaluation. In that situation, the second valuation (13% higher t…[Read more]

JenD,

The real estate agent must submit our offer in writing to the vendor, regardless of what (if any) initial deposit we decide to pay

As I understand it, a deal is made up of three parts – an offer, a deposit, and an acceptance.

If any of these is missing, I believe you might not have a valid binding contract.

The important part here is…[Read more]

Wayne,

It is possible to “change a valuer’s mind” (I’ve done it a couple of times) – but then, I’ve also been UNABLE to change a valuer’s mind MORE than a couple of times.

On the occasions when I was successful, I presented “comparables” that showed that my property was worth far more than the “comparables” they used. And questioned their use…[Read more]