Just looking for some guidance on how to secure finance for a leasehold motel purchase. What kind of LVR could one get if going leasehold? Is vendor finance ever available in this type of purchase?
Ems replied to the topic QLD mining regions (Bowen & Surat Basins & Gladstone): Willing to help anyone with questions in the forum Help Needed! 11 years, 8 months ago
Thanks all for a great read!
We purchased a house in South Gladstone last March and looking to put 4 3 bed townhouses on the block. Given the construction is likely to ramp up this year what kind of rents do you think I could achieve either furnished or unfurnished if they were finished the end of this year. Still undecided on whether to sell…[Read more]
Agree with Jamie you would have ever Buyers Agent or unlicensed investor posting all sorts of things here and as advertising is not permitted not convinced you would attract what you are really looking for.Many of us come across deals almost every week that for some reason we dont want to do (had one across my desk only today) but…[Read more]
Hi All,My husband has been looking for employment in the mines for a while but no luck yet. He is a qualified Welder with years of experience. We are based on the East Coast (Brisbane) but he is willing to travel anywhere in Oz or even overseas.Can anyone give me some contact details agencies/contractors that may be able to help find him some…[Read more]
Hey guys,Have been reading this thread for a while and thought I would put my 2 bob in.I do totally agree that getting into debt is just too easy nowadays. A friend of mine is on $45K a year, rents in Brisbane CBD and pays $320 a week rent for a tiny unit and now he is going into debt to buy a car. He says he is going to start saving to get into…[Read more]
I’m in the same position. We need to render our house in a few months. Ours is a two storey 32sq house. I have also been given different prices and we need to decide if its best to get someone professional to do it or try it ourselves. We don’t want to stuff the exterior up so am leaning towards going the professional way.
I agree totally and don’t know fully why it would be best to get an IO & Offset. They do seem like the same thing – $100 interest and $100 off the principal (P&I repayment) as opposed to $100 interest and $100 into the offset account (I only repayment) it would still calculate the same interest charges for that day/period in either…[Read more]
So most of you are saying IO & Offset.
We are in the same boat but was told to take out an P&I too by our broker. We intend to live in it and then rent it out in a years time when we go back to the UK.
Would a IO & Offset be better for us do you guys think and what are the advantages of having an IO & Offset compared to the P&I? Is there a tax…[Read more]
Thanks for your replies Elka and Marc.
Marc – please don’t say anything about the cricket – I have enough taunts each day when I go home to my hubby [biggrin]
Yes we will be living in the property until we go back to the UK. It’s going to take around 6 months to build and then we plan to live in it for 6 months in order to get the FHOG and then…[Read more]