I take it your first property is a buy/rent? If this is the case then why not let the rent pay the mortgage and don’t pay any extra off? As for purchasing another property with your new position – I would’t think any financial institution would have a problem lending you more money from the details you have given.
All the best
Dinah[hair2]

Amanda has given me some wonderful pointers on my first reno and I have coupled this with advice from the real estate agents that I would consider good ones to sell through.
I had them (I only had a short list of 2 potential agents who I’d sell through) look through my property before I even started on it and asked them for their…[Read more]

My Mum’s dentist is Chinese and his name is Dr Chu (Chew)!!

I actually know a Mike Hunt (but he uses his middle name!!!hehehe)

But the classic has to be an employee of my husband’s….this is a true story for those into mystery or porn….

He was introduced to me as Sherlock Holmes. I asked if that was his real…[Read more]

If I couldn’t make it cash flow positive by some means then I’d sell it.

I nearly did that just recently but ended up doing some improvements and renegotiated the rent so now there’s money left over each month instead of me forking out each month. Plus I will recoup the reno outlay within 1 year.

My view is that anything that…[Read more]

Forgot to add, I agree with Brahms….no invoice, no payment.

You have requested it once. Request it again politely with a timeline attached to it so you don’t get one out of the blue in 6 mths time.

Dinah

For the best answer to this question, I’d ask your accountant but I don’t believe you need an “official” tax invoice on a company letterhead, nor even an abn.

I have a fellow who does work for me, who is not abn registered, and he submits a hand written invoice with his name as the biller, description of work carried out, copies of…[Read more]

Natasha (the owner) of North Bundaberg Real Estate. They have some absolute gems come up from time to time and she is 100% up front in everything she does. Her ethics are unquestionable in my experience.(I’m talking about everything she does outside of real estate…[Read more]

Also, Kerri-Anne Rae at Remax, Gary Martin at Ray White, Geoff Dixon at Century 21, Rebecca (can’t remember her surname) at L J…[Read more]

Perhaps also, if the only thing that made you say no to your neighbour in the first place was…[Read more]

I totally agree with his suggestion! (speaking from experience)

Cheers
Dinah

This thread seems to have stopped before New Year and I was genuine in wanting to know more details about your opportunity.

Has there been any further development?

Cheers
Dinah

Just to take jimmy007’s suggested clause one step further if you ever use it…..

“subject to finance acceptable to the purchaser”…..the reason being that a few years ago I put the more vague form of the clause in a contract and to my horror the vendor and the RE agent started bombarding me with finance leads in an attempt to obtain…[Read more]

I am in a regional area but the two properties I have purchased locally in the last 2 years I have put only a $5k deposit down and there was no problem. I don’t know whether it was due to the fact that I offered quick settlement in both cases.

Cheers
Dinah

Bundaberg has been my home since Easter 1989. I own one rental property and just bought a renovation project here.

The market has come back a bit over the last 3-4 months and I would call it stagnant right at the moment.

When you ask what it is like for investment properties – well, that depends on what type of investment property you…[Read more]

Cheers
Dinah

Cheers
Dinah

I was wondering when to do electrical, plumbing etc and makes sense to do first,eh!

Thanks also for the tip on the floor polish.

Cheers
Dinah

Yes, I get where you’re coming from and understand.
Thanks for the clarification.

Cheers and best for NY.

Dinah

I don’t actually think that the fact that there are “closed” forums should implicate there is a “division”.

To me it indicates that there are people out there involved with propertyinvesting.com on a different level (neither higher nor better) by way of participating in a paid mentoring programme for their development.

The fact that…[Read more]

Interesting question. And, no, I have never had to claim thank goodness. But I figure it is better to be over-insured rather than under-insured.

When I’ve bought property in the past, I’ve known what the approximate land value is which I take off the purchase price and that is what I got my cover note for when I’ve signed the contract.…[Read more]

I am really intrigued by this topic. I also have never heard of a brick house being relocated unless it is literally brick by brick.

So, I am interested to hear what it is like…..veneer? on a slab? on stumps or piers? etc etc etc.

For me, this is a perhaps a case of not knowing what I don’t know….and I am keen to hear more.

As…[Read more]