Hot Rod

If you know where they are, seek and get your court order now. If that business closes and you cannot serve them, you are wasting time later. You can ONLY send in the sheriff after you have judgment and he will only take goods that are not required for everyday living. Warrants of seizure are generally a waste of time. Once you have that…[Read more]

If only it was all that simple!!

At the moment there is almost no quick growth areas in fact some are in negative growth mode.I am assuming by quick you are meaning in the short term (eg 12 months)

If you buy well and try and improve the property through redevelopment or capital works you may gain some ground but if you are looking for the quick…[Read more]

Actually I didn’t edit it. In fact I didn’t know you could edit until now-what a handy device!

Anyway thanks for the clarification. It is the way I thought it would be

cheers

markk
Happy Hunting
http://www.kentscollections.com

Hi Steven

How do you “access the equity” on an unencumbered property without a financial institution wanting security in the form of a mortgage over the $700,000 property?

Are you suggesting that she goes through different institutions for 2 seperate loans (more fees of course) or just tells the bank that she wants separate loans?

interested…[Read more]

to call off the debt dogs..

Did I hear my name being mentioned?[snitch]

markk
Happy Hunting
http://www.kentscollections.com

Assuming you do not have enough for the deposit (of say 20%), if it was me I would borrow enough for the deposit only against the unenecumbered property (20% of $250,000 = $50000) and use the new property for the balance. That way if there are problems down the track you have not cross collaterilsed and do not put the more valuable property at…[Read more]

Hi Renaeg

Welcome to the forum

It is almost always cheaper to sell than buy. Whilst I can’t help you with NSW, in Qld it is very competitive so ring around. Here a solicitor has to do the work but I believe you guys in Mexico have conveyancers as well.

markk
Happy Hunting
http://www.kentscollections.com

Unless you are building something that requires a great deal of design, stick to a draftperson as oppossed to an architect. They are much cheaper usually but always ask for a quote.

If you are building using someone else’s plan and you don’t use them to build it, there may be copyright issues so be careful. Obviously you will need some concept as…[Read more]

There are now around 500,000 people living on the Gold and Tweed Costs and sure there isn’t any positive cashflow but plenty of interesting areas to invest and formulate ways to bring on some capital growth.

500,000 people (and growing) have to live somewhere.

markk
Happy Hunting
http://www.kentscollections.com

Most debt collection companies break laws when trying to get debtors to pay.

As a Commercial Agent I should take offence to this. Those of reputation comply with the legislation to ensure that any collection work is done within the parameteres of the legal requirements. My business and all of those with whom I have had an association work…[Read more]

A 1% settlement fee I can handle. It’s the interest rates that kill you and the break fees hold the funeral.

Just repeating Maximus here. Whate are the interest rates (and the break costs?)

Love a report when you know

markk
Happy Hunting
http://www.kentscollections.com

Hi Bird

Not sure where you live but it most states once you sign a contract you will be liable for stamp duty ie it will have to be paid twice.

If the contract is between your vendor and your purchaser then there is only one lot of duty payable but you lose control of the deal (and it is illegal to do so to avoid duty if contracts already…[Read more]

MrVIP

There are lenders who will look at you once the default is paid-higher interest rates and tougher conditions but it is still possible to get a loan. I would suggest you clear the debt because it will not get any better by leaving it longer.

PS the horse’s name is friday cheers

markk
Happy Hunting
http://www.kentscollections.com

Welcome to the forum Freestone

It probably goes without saying but make sure you get a building and pest inspection. I recently signed a contract for what what I thought was a good deal-turns out the inspection saved me about $30000.00 because of a large crack in the slab.

markk
Happy Hunting
http://www.kentscollections.com

Hi Tanya

Welcome to the forum

Generally speaking you seem to have the right ideas for purchasing an IP. One bedders can make life a little difficult when it comes to renting or onselling but if you are in a location near a uni or college it may not be too bad.

The only other thing that comes to mind is look at whether the amount you want to…[Read more]

AS far as reducing their commission, wouldn’t they put your home on the bottom of their list and sell the one with full commision?

You bet they will! That’s why you don’t make it an issue until you get to the negotiating table after any offers. Up to that point you would probably have signed an agreement accepting the rate anyway- but don’t let…[Read more]

Hi Bonnie

Absolutely!! They are negotiable like everything else in this world. Usually the REA has advised you the selling price and usually the best offer you get is less. I have negotiated the commission down on the basis that the REA had told me the property should fetch $xx and I am being offered $yy. To agree to the contract price I have…[Read more]

jgray

Where do you get Obbie. I googled it and found nothing

cheers

markk
Happy Hunting
http://www.kentscollections.com

Check with the local council. The infrastructure requirements usually dictate the smallest size block allowed. Maybe units or duplexes are possible

markk
Happy Hunting
http://www.kentscollections.com

Hi Breej and welcome

You certainly can put in a written offer even if there is a prior contract but it will be subject to that contract terminating.

You can usually post a cheque with the signed contract (or incorporate a clause saying the deposit will be paid xxdays after execution) but I would hesiiate sending anything to the vendor directly.…[Read more]