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  • crystalleez replied to the topic How would you word these clauses in a contract? in the forum Help Needed! 17 years ago

    Thanks Marc,Sorry about the "too", I realised after I'd shut off my computer :SI'll be copying down those clauses you mentioned and taking that to the REA shortly. I feel much more protected with the added details.Much appreciated.

  • Hi Elka,I actually found out that the owners family are currently living in the property. So I don't know what to problem was about keys being available. I've decided to make a written offer on the property tomorrow including the following clauses:Subject too building and pest inspections. Subject too finance. Subject too inspection of the pr…[Read more]

  • crystalleez replied to the topic Real Estate Questions in the forum General Property 17 years ago

    L.A Aussie, what other questions would you suggest asking when buying sight unseen? Cjay, as the others have mentioned it may be a good idea clearly establish the reasons why your buying. Capital Growth/Cashflow? If it's cashflow then you might want to make sure the area has low vacancy rates. Ask what the property could rent for as is. What coul…[Read more]

  • I'll answer my own question (thanks to alot of help on another site), just incase anyone was curious…YES it is possible. The vendor may appoint a Power of Attorney to act on their behalf. Alternatively, I may add a clause in the contract stating "signed faxed copies of documents are accepted as conctract".

  • I'm with Wylie on this one. Offer a longer settlement and deduct the rent they would be paying from the purchase price. This could be a great advantage to you as it means you benefit from any capital gains during that time, without any cost to you.

  • crystalleez replied to the topic Point Cook houses in the forum General Property 17 years, 4 months ago

    I wouldn’t feel right to comment on the price of the property your looking for as I’m still in the process of purchasing my first IP. However, I do live in Altona Meadows which is a suburb very close to Point Cook. I can tell you that within point cook, there will be another supermarket built as well as a cinema in the same complex.
    Also, plans…[Read more]

  • crystalleez replied to the topic Is this a + CF Property???? in the forum Help Needed! 17 years, 8 months ago

    Wow usi.

    If the quick calculations I did on the 2 properties you mentioned were correct, you had an approx 13% Gross yield on both IP’s. I don’t own any investment property as yet and I’m still very much just a beginner but that sounds great to me.
    When were these properties purchased if you don’t mind me asking?

  • crystalleez replied to the topic Is this a + CF Property???? in the forum Help Needed! 17 years, 8 months ago

    Aaaha yes. Embarressingly easy answer, but one I had to ask! Thanks 3056

  • crystalleez replied to the topic Is this a + CF Property???? in the forum Help Needed! 17 years, 8 months ago

    Dazling could I ask you a quick question, or anyone else who could answer this for me. I was trying to follow your calculations to fnd the Net Yield of Sarahs potantial prop. I couldn’t figure out how you came to get 3.8%. I understood all the rest, just the part to get from $3,260 net yeild to the 3.8% figure. My maths isen’t so good.

    Net…[Read more]

  • crystalleez replied to the topic is 81LMI diff to 91LMI?? in the forum Finance 17 years, 8 months ago

    I just stumbled across this page doing the daily check.

    Josh – Your msg was a great little bit of knowledge. I’ve also been wondering if the LMI percentage increases with a higher LVR and if so, how much. So thanks for sharing.

  • crystalleez replied to the topic Did you create a “business plan”? in the forum General Property 17 years, 9 months ago

    Great messages guys, thanks for replying. I fully agree that planning its a vital aspect of success.

    When I think of entering the investment world without first having a plan, it reminds me of a saying from one of Robert Kiyosaki’s books. Something along the lines of “trying to invest without first establishing your goals, is like trying to pack…[Read more]

  • crystalleez replied to the topic YOUNG PROPERTY INVESTORS club?? in the forum General Property 17 years, 10 months ago

    Hey guys,

    This is my first post on the site. A young investors club sounds great. I’m eager to find other people in Melbourne that I can discuss property and investing with. Without talking about what I read or hear, it makes it harder to stay in my mind. meeting up with others like myself would be a great step forward.

    I’m in!

    My email is…[Read more]


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