Hi Jack
There is some thought to keep all your lending at the one place and there is some thought to spread it around, so that is one choice you have to make !!
I do not see any advantage in using all your LOC money to buy a new property and then just put it back into the LOC. later.
The disadvantage could be that there will be a different…[Read more]

Sweet,
This subjecty raises it’s ugly head every now and then and the same things always come up– people still keep saying that there are opportunities out there but you cannot rely on the websites for your opportunities .
Get out there and look face to face –Sure you may have to go to the sticks and you may not get the capital growth of the…[Read more]

Whilst I do not even come close to attending if your meeting is for under 30’s, I would like to remind those people in Sydney of the Sydney Meeting Group. We are having an informal get-to-gether at Petersham RSL 29th Jan at 4pm and then something more organised on the last Sunday of each month. We have had several already and are now…[Read more]

Hi nikki,
My apologies—-
I received your email and did not reply straight away!!!
Sorry again!

I know that it was KEN something —I think—- see why I did not reply can’t you???

However I think Roy at GPS arranged it and he should know.
Cheers and Look forward to seeing you 29th .. Len

29th 4 pm Petersham RSL sounds Good to me /
See you there and all those friends we haven’t met yet
Cheers Len

Hi craigsed,
You may be disappointed to hear I have no thoughts on this matter but could not let a chance to say HI go by the board .
It has been a while since I have seen you on the forum–that could be my fault also– so just thought I would say HI. There that’s it. Are you also aware that the Sydney discussion group is still meeting????

I was going to change this message if no one had replied because I realised that 29th is a long weekend for some being Australia Day on Thursday prior but we can see what happens from here and stay with 29th. If it does not effect/affect others.
Cheers Len

Greetings All,
I am also going to the somersoft meeting at Glebe ,,—and can meet there ,—- However I would also like to suggest we have a very informal gathering late January –say–Sunday 29th , if there would be other takers for just a general discussion and keep the morale up and moving. Timing is pretty flexible for me so anybody else…[Read more]

Nice One !!!
What else can one say !!!

Greetings All,
Perhaps Simon is one of the better brokers around !!! However we were not given the chance to find out because we still haven’t heard back from him after emailing sustantial info to him and speaking to him face to face at a somersoft meeting at Glebe. And this was 23rd September last.

So although may be you don’t need heaps of…[Read more]

Hi kriscot,
Maybe depends on how comfortable you are with the broker you first see. I think they all have their preferences on who they might prefer to deal with at lend institutions from past experience. As you will as you buy more more properties etc .
And remember you can speak to a few anyway before commitiing your self and can ascertain how…[Read more]

I believe that the most important “last job” would have to be the carpet .
This means the last person to walk on the brand new carpet is you on the way out the door and you then know it is in top condition for the new tenants.
Cheers Len

Try Rolf Latham,
at 0414 788 229 or rlatham@asapfinancial.com.au. I listened to him speak at a meeting and he seemed to know what he was talking about and he is also a contributor at the somersoft forum.Cheers Len

Hi wazl,
It is now today and I wonder how your potential solution panned out???
However although the council will not allow subdivision at the current height– Can you “fill” or can you leave it as one block and develop Town-houses or units with car parking space under. I believe building is allowed on flood prone land but no “livable areas” can…[Read more]

Greetings,
With the premise that the only dumb question is one not asked– my example is —
Land to be bought very soon with sole intention of putting house on land to sell asap but certainly within the 12 mnths.(Intention,Note)
The builder we will use is partner in the development and his company is building to “fixed price”
(incidentally we are…[Read more]

It is true that some banks (maybe a few even) will pay break costs to secure your business.???
Westpac offered me $600 per loan to pay break costs from existing financier. That would enable me to transfer in some loan and take toatl borrowings with Westpac up to in excess of $250k in loans and qualify for a special package !!!??
Might be worth a…[Read more]

Hi giddo, Do not really have the time to wait—looking to finish full time work in 12 months–and also do not want to wait–looking forward to keeping busy doing other things beside working . At the moment it is only 4 days per week and that is 2 days too many. Cheers Len

Okay giddo,
the aim is to build and sell-yes.
I believe the return is there and still doing sums and realise that doing for less than 20% return is waste of money so on those figures and that advice have found 2 blocks of land for 2 separate house builds. Know land price and build costs to be clarified , now am wondering about other costs, eg CGT…[Read more]

Hi alee,
Depending on where you buy, many areas are flood effected/affected (never remember which it is ), but depends also on what you buy . We have a house in flood area but it has been raised with financial help from the council. (well it has actually been raised with steel posts but with council finance contribution). We checked that there was…[Read more]

Hi jenwren,
Patience, you will note that very little happens on weekends around here.
Good Luck, Len