Hi all,
Some might think my “big picture” has been formed backwards – this post should perhaps be #1. Ah well, like Topsy, this thread has been “just growing” as thoughts pop up and get added. I hope it is of value to YOU !!

Tonight, Corey posted a thread on a VERY important subject for all investors – but especially for NEW ones. And it…[Read more]

Hi Corey,
Awesome subject !! As I read your thoughts, an old favourite saying came to mind :-

“If you don’t know where you are going, any road will get you there!”

Puts a smile on the face thinking about something so silly e.g. how often do we back the car out of the garage to go “somewhere, but I don’t really know where…”? Not too…[Read more]

I do know who the vendor is as I was able to track down their company details down,

Cool – then approach him and let him know of your offer. If he asks why you haven’t put it to contract, mention the RE agent’s reluctance, and that you wanted HIM to know of your offer at least. After that, it is up to him, but at least you have tried.

We…[Read more]

I do know who the vendor is as I was able to track down their company details down,

Cool – then approach him and let him know of your offer. If he asks why you haven’t put it to contract, mention the RE agent’s reluctance, and that you wanted HIM to know of your offer at least. After that, it is up to him, but at least you have tried.

We…[Read more]

I do know who the vendor is as I was able to track down their company details down,

Cool – then approach him and let him know of your offer. If he asks why you haven’t put it to contract, mention the RE agent’s reluctance, and that you wanted HIM to know of your offer at least. After that, it is up to him, but at least you have tried.

We…[Read more]

Hi KA010,

I have had this experience before where they try and delay, but the fact he told me to walk away is really odd…

I am sure the REIQ would be interested to hear about this – though what they can actually do about it is beyond me. Certainly this agent is a disgrace, and should be called out. I agree, something does sound sinister.…[Read more]

Hi KA010,

I have had this experience before where they try and delay, but the fact he told me to walk away is really odd…

I am sure the REIQ would be interested to hear about this – though what they can actually do about it is beyond me. Certainly this agent is a disgrace, and should be called out. Like you, something does sound sinister.…[Read more]

Hi SiteManager,
The way you are talking it up, I am wondering if you HAVE bought there already? :p

So there finally is to be a big mall development? Cool – that may help with values down the track. As of right now (and for the last 15 years) all I have seen is agents pushing the area trying to get things happening. For sure, one day it…[Read more]

Hi Corey,

Hmm, I kinda like that – I think I would qualify the statement in a different way though…..

“Just Do It – after taking counsel”

Thanks for your thoughts,
Benny

Hi Mccormack,
Just be aware – in Qld I think the cooling-off period is just FIVE days, not 14. Anyway, DON’T sit on your hands if you want to be out of this deal. Have your solicitor drive it – tell him you want it stopped, and have him tell you HOW !!

Benny

Hi Simang,
Check out Terry’s webpage (link in his signature). Seems to me like he is ALL of the things you are looking for right now, including Lawyer, Financial Planning and Mortgage Broking too.

Why not give him a call?

Benny

Hi Cartman,

Considering worst case.. should the banks decide to recover the house for the mortgages (default), I’d rather they take the IP, then the PPOR any-day / any-time.

All the more reason to NOT cross-coll. A Bank with several properties crossed will likely go for the one most likely to provide them their money back – and, in most c…[Read more]

Hi PP,

Huh? Was there more to this? Or is this meant to be a reply to some other thread?

Benny

Hi Jo,

…. perhaps it is time to see a financial advisor, Hard to put trust in one though with all the stories you hear.
Last one I saw years ago was just interested in selling me over to their super fund and flogging insurances.

I quite understand that, Jo – like many professions, its members can choose to operate within a specialised area.…[Read more]

Hi Jo,
Sounds to me like you and yours have done really well to get yourselves into that equity situation. Big congrats for that.

The next thing is “Where do you WANT to be?” What is your goal? e.g. Do you want an income stream from the rental stream of a number of freehold properties? Or do you want to continue to grow your portfolio?…[Read more]

Hmm, so if all of the big 4 do this, is it MORE likely that the RBA can do another rate CUT on Melbourne Cup day?

As I had heard, it was only the “bubble in real estate” (Syd and Mel) that was stopping them cutting the Cash Rate more. Now, with the APRA changes, and the corresponding changes at the Lenders’ offices, the RBA can now be happy…[Read more]

Ah, that sounds better !! No dramas after all. So, if selling your buy-n-hold properties, is this to be “as a business” from here on, or are these just clearing the decks to start a business?

Benny

Hi SM,
Let me reply to some of your posted comments :-

Because in Sydney, most of the Real Estate agent who markets the affordable H&L package promotes Park Ridge all the way up everyday,

If they are offering free flights too, RUN A MILE !! This kind of “greenfield estate” at Park Ridge is also the kind of development targetted by marketeers…[Read more]