PropertyInvesting.com | dimecho | Activity

dimecho replied to the topic Cost of Selling in the forum Help Needed!

Wed, 19 Sep 2007 23:10:27 +0000

okay, got a little off track their… I sold a place (in Vic) for 330K 2 months ago, costs where;2% including GST to the Agent $6600.00 (a lot of agents will want around 3-3.2%, but work on that)Solicitors Fee at Settlement was $475.00all up was around $7000.00, I suggest you work off around 3% of your sale price.Hope this helps.Cheers,DIM

dimecho replied to the topic Off the Plan purchase...needs to on sell in the forum Hi There, I'm facing the

Thu, 13 Sep 2007 01:52:46 +0000

Hi There, I'm facing the same issue with a lot of land which I'm on selling, only way to aviod paying CTG, Stamp and Agent fees really is to purchase the "at signing of contracts" "and/or nominiee" then once the property settles you need to nominate the person who will be on the title. Very hard to do, and can only really be done when dealing with…[Read more]

dimecho replied to the topic private lending short term in the forum Finance

Sun, 09 Sep 2007 22:46:15 +0000

Hi All, I'm also looking at morgage for about 4 weeks and don't want to go through the stuffing around of loan apps, fee, exit fees ect. Any idea on how I can borrow money on a short term contact? Interest rate donesn't worry me too much as its only for 1 month. In Victoria as well if that matters.Cheers,DIM

dimecho replied to the topic First time home buyer buying off the plan display home in the forum Help Needed!

Wed, 05 Sep 2007 03:06:21 +0000

1 Mill is a lot of money, with a lot of money comes a lot of risk. I would rather buy 4 IP @ 250K rather then 1 @ 1 Mill. If all 4 rise 10% you make your 100K, if only 3 do, well you still make 75K. Risk ratio, just dont really like putting all my eggs in the one basket i guess. Cheers,DIM.

dimecho replied to the topic Selling prior to settlement, ways around paying stamp/tax? in the forum To Answer your question

Tue, 04 Sep 2007 23:05:13 +0000

To Answer your question joelc, Land was bought in Hastings, Victoria. My purchase price was 130K and the land size is 706s/m. The developer is relisting his 6 lots of 600s/m at $140+ hence I did want to keep the lot. But Even if i was to sell the land at 145 – the 3K stamp and 2% to the agent, after all the stuffing around and not to mention loan…[Read more]

dimecho replied to the topic Investment in Frankston South - any comment ?? in the forum Creative Investing

Tue, 04 Sep 2007 22:47:22 +0000

Hi All, Owning a IP in Frankston myself (just behind Monash Uni) I believe with all the recent and soon to be constructed infrastructure around Frankston, IP within that area are set to boom. All round you can see are large land parcels which developers have already bought up! As for South Frankston, I believe personally it has already seen gr…[Read more]

dimecho replied to the topic Putting an offer for an IP before Sections 32 is available in the forum I would place a written

Tue, 04 Sep 2007 22:35:52 +0000

I would place a written offer but subject to review of the 32. That way you have a offer on the table and also a way of backing out if you dont like what you see in the 32. Cheers,DIM.

dimecho replied to the topic Selling prior to settlement, ways around paying stamp/tax? in the forum Legal & Accounting

Tue, 04 Sep 2007 22:28:50 +0000

Hi Guys, thanx for the info, thought it something along thoes line. Have to worth the math and see if its worth it. Cheers,DIM