Forum Replies Created
Sonja,
Can you turn a 2bdrm into a 3 bedroom incorpaorating the 1 bedroom. Resulting a 3bd and a 2bd in the army flats. Cheers Len
Maybe Rob,the WOW factor is in the decor—-Do you remember the cafe furniture in “A Clockwork Orange” the movie.
Andrew, check out “mortgage registration “thru your search engine.
Cheers Len
Answers or replies in order of receipt,ie latest first, directly under original post would be beneficial.
Len
Hi shorter,
Try seeing if there is a co-op in town or a self-help group who have work for the dole employees?
We got a reasonable deal from a community development employment scheme. 3 bdrms, hall, and 6m*4m lounge, all ceilings and walls for $1500.Cheers for now Len
Geez Loueeze,We seem to have a few interested parties to meet together .Nibody willing to bite the bullet,so maybe give it a go. I am in Beverly Hills and can travel to anywhere in Sydney. Any suggestions from anyone and we’ll try for a most convenient place, and time.
Cheers Len
Hi Andrew and Learning Guy,
I have often thought of a regular meeting of like-interested bodies to just kick around their ideas and use each other as a sounding board.If you or any one else thinks this is a good idea I am also in Sydney area and could meet one evening. Matbe try Southern Conveyancing on 95997500 for quote on Legals and “Stamp Duty ” estimate can be obtained from http://www.stgeorge.com.au and I think building inspection costs will depend on location of property. eg Was quoted xs of $600 for written report but because I actually had seen the property and required an over the phone report from a different builder I will pay a heck of a lot less than that. Most times the written report may only say “where we could see” and I believe this is to cover themselves and give themselvs an out clause ..! Look at the place with a critical eye and then talk to local builder and get a couple of quotes. I believe you will be happy if the properties are in the country because they seem to be more forthcoming.
Cheers for nowLen
Personally, me , myself, that is !!!!! I think Terryw and The Mortgage Advisor are secretly married—to each other— Seriously can you two or do you two ever agree on anything LOL
Cheers for now Len
Moree does ( supposedly) have an aboriginal problem but there are so many other areas with the same “problem”. It does depend on who you talk to and what areas you may buy into in these towns.
Best to go see for yourself and be your own judge.BTW where abouts are you, Carlyle81.
Please email direct if you like –I do have some further info that you may be interested in.Cheers for now
LenHi Rye23,
We have LL insurance thru CGU via ANZ bank and receive the first 15 months cover for 12 months premium. ie: 3 months free cover after the 12 month period.Cheers Len
Hi ProertyAngel
With the short term solution advice I am a little light on however if ther is some way you can either stay the debt of rent on the properties and suggest that the tenants pay thru Centrelink. then those on benefits can pay their rent direct to you from Centrelink and not even be a direct transfer from their bank. Simply, Centrelink pays rent direct to you at a cost of $1.01 per payment and the tenants do not have to go thru any bank and what they then receive in benefits is , all mine, I say , all mine –sorry got carried away–all theirs to keep. Then maybe they could pay you a little extra each week to pay down the debt. Also no need for an agent to reap any benefit. Cheers for now Len
Hi ArthurK,
I have found that a visit to the town where you are going to buy, is the best solution and therefore I wonder why you are looking interstate or too far away. I live in Sydney and buy within a radius of about 6hrs drive . The trip home on a Sunday after renovation work is a real crock but easy to get to in a rental emergency and have found that agents in country areas have my full support for their helpfulness and reliability. Having said that and after buying properties from the agents, they will still need gentle prodding and reminders every so often to keep us informed. They assume because they put things on the net, then they have done their bit to contact us and they assume we will see it. And to re-enforce that which has already been said,: there is nothing like visiting the town in person because so many agents do not use the selling websites available because : 1) They are busy enough with people coming to town to buy and 2) They have their own websites which you may not know about unless you visit the town or type in the town name & real estate agents in your search engine . Cheers for now Len
Just a question—Isn’t stove ,carpet , hot water service, things that are in an unfurnished hiuse–do they not form part of landlords contents ???Cheers Len
Hi Hector,
My experience is limited and I believe the net is purely a means of finding out abotu cost etc in the area you want to go. As an example I have been looking since early March and have found 7 properties but, all the net was good for, was to give me a guide. The town that we bought the first property in has 8 Real Estae Agent and only one advertising on the internet. (The other agents love him because he brings people to town who then buy through the other agengies also. Cheer LenGreetings All,
As this is my first post/reply I would request that you all be gentle with me . We have a Negative geared property in Sydney which we are now keeping for the potential capital gains. And we have purchased 3 +ve properties in country areas which we have financed I/O . This way was chosen because we are now require to paying the least amouint off per week BUT we will be also paying our XS rents into the loan to reduce the debt. Each $1000 paid earns us $1.24 per week xtra which also goes back into the loan.( Income is not a priority at the present, rather looking down the track 4-5 years. Chhers