G’day David….

No I haven’t forgotten you…just got swamped.

Melanie is spot on in her advice.

You may not be aware thta the ATO recently lost an appeal re : capitalising interest on investment loans.This has an enormous compounding effect. More desirable with a home loan in that you channel ALL funds into the family home loan including the…[Read more]

Suggest that you put a formal offer to purchase in writing and address to Manager of Real Estate office…keep a copy.

She will have egg on her face if it sells for less than your offer.

Do some detective work…try and find out the solicitors name that is handling the estate…contact them direct.

Billfromoz

Pinky…

Some FREE info for you

I have recently sold my inlaws home that was a deceased estate. To market the property I had to have probate finalised. Otherwise any sale becomes “subject to probate”.

There is no hard and fast rule that says the property must be auctioned. I sold with a private advert at the advertised price.

However the…[Read more]

If you were…

If you were, right here and now, the person you most wanted to be,what would you be doing?

If you could change anything in the world,what would it be?

If you were completely free to express your most dearly held dreams and visions, how would you do that?

If you were wealthy enough to buy anything at all, how would you use a…[Read more]

G’day Huey…

I wish to share someting with you.
In April 2004 I am “Trail Bike” riding from Hanoi to Ho Chi Minh City to rais funds for Vietnamese school we are building in Binh Ba….not far from Vung Tau. Aussie businesses in Vietnam will sposor me at x$ per km…it is a 2000km ride over 25 days.

I assume you are refering to the Fred Hollows…[Read more]

G’day…

last response before I go to bed.

Exercise specisl care at auctions.

Obtai a written quote for all work that needs to be done BEFORE the auction…say it’s $10,000.
As the right price is then, more like perhaps $60,000 less the $10,000 you need to spend YOUR maximum buying price is really $50,000.

Don’t take any notice of what the…[Read more]

G’day Phil….

Some of my clients would be interested. My advice to them is that you would be getting a 20% plus return and as such, I consider it a safe investment for them.

If you wish email me and I will put them in touch with you direct.

billomara@iprimus.com.au

Cheers

Billfromoz

G’day Dino….

You said “creative”…try this. The ATO recently lost a court case regarding what I’m about to show you….so it’s legal.

Assumption: That both your loans are with the one Lender. If not consider changing, so that they are with one lender.

You have one loan @ $143,000….no tax deduction.

The other loan ( on IP should be a…[Read more]

Hi Kavita…

Your property will generally sell better if furnished. That is, a lived in look, BUT very neat and tidy.Remove personal items…like family photos etc.

As for new carpets, paint, timber venetians etc… depends on your price and competition.
I wouldn’t go overboard. We replaced a chandelier my wife wished to keep, with a $25 light…[Read more]

Please email me with a phone number…we can have a no committment yarn…and take it from there.
The deal is…either party can say no without any hard feelings…cuts both ways
Please include your telephone number.

Billfromoz
(02)6342 1274

Any chance of getting mentored?

quote:
G’day….

Yep me again….and its lengthy too.

Not wishing to…

[Read more]

G’day Martin…

“Timing” is critical in both the Real Estate and Share Markets. In reading your post I’m sure you will agree with me.

As you said…worked then on $60k properties. So what do you do now….I know, I’ll write a book and do seminars and coach others in what I have done in the past.I’ll make money while I am waiting for the…[Read more]

G’day…

The company won’t die on your clients…you may.

Get good legal advice, may be costly short term, however…in other words
” Build on a firm Foundation “..BOAFF.remember it.

Billfromoz

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Just curious as to the potential benefits or losses of creating a joint venture company with myself and…[Read more]

Quote:
Billfromoz
1)$8000min is legal cost for placing caveat, lodging claim with district court, solicitors fees etc..

2) It was sent to the vendors but did not want to sign. But that shouldn’t matter anyway, the contract has gone uncoditional and the 1 st buyer has now got the funds and is ready to settle, the vendors are not ready.

In…[Read more]

G’day…

Who told you that it costs $8,000 to register a caveat? Could be done for less than a couple of hundred dollars.

You have a problem, in that your discussions with vendor re FHOG appeared to have not been backed up in writing.

Billfromoz

G’day…

Big, big question.

If you have equity in propert then you are more than half way there. For wxample you could use existing equity to fund the deposit requirements and closing costs of any other investment.

In 1993 I had software written for my Mortgage Control Program. Essentially a tool that ALL variables can be entered to determine…[Read more]

G’day…

Re Aussie $

The Aussie $ was at .8700 in 1988. Whats to say that the interest rate differential between US/Aus won’t push the Aussie up another .10 at least.

Consider : .5320 then up to .8700 by 1988( +3380)
recent bottom .4750…current top .6800 ( + 2050)
If it climbes 63% again (why not?) maybe .7750

If you graph the above…[Read more]

[No]

Billfromoz

hi everybody, Am new to all this, but I have a question regarding the $7000 gov grant to first home buyers.My Partner doesnt own a home yet and was wondering if any body knows if she can use this money towards an investment property, without actually having to live there. Thanks[:0)]
[/quote]

G’day…

Also a maths nut.
You are spot on.

Me….30 + years in Real Estate as Principal mostly. Concentrated on Investors and Propert Management in the latter years as well as Mortgages, Money Markets experience etc,etc.

In other words I reckon I’m qualified to make a few statements……I will be making a general observation,of course there…[Read more]

G’day…

Another lender is fine. BUT they will appoint their own valuer. Even if you had your own “sworn” valuation the new lender will value it with one of their own panel…and you pay for that.

Also the costs of refinancing must be considered…penalties etc.

If above is acceptable and your confident that the increase in value justifies the…[Read more]

Ouch…

Contact the Agent or Vendor by phone immediately and advise them that you are withdrawing your offer. Follow that up in writing.

You don’t have to give any reason. If you did you would feel foolish. MAKE THAT PHONE CALL.

Put yourself in the owners shoes….You would want to know if a buyer on any deal you put together had a change of…[Read more]