Ethan Timor replied to the topic E. Timor property: How can I get valuation? in the forum Help Needed! 6 years, 6 months ago
How about getting the couple to agree to a BMBY solution? 😇
Ethan Timor replied to the topic Sell in Surfers Paradise or Pay it down? in the forum Help Needed! 6 years, 7 months ago
Hi Rob,
Generally speaking it does make a lot of sense to offset the loan that carries the highest interest (that is assuming one has no other debt, mainly non deductible debt).
Why is that loan so expensive, by the way?
Should you sell or not is a question that I suspect nobody here can answer for you. Who knows what will the value there be…[Read more]
Ethan Timor started the topic Tweed Shire – Property Investors Networking Meeting – Tuesday June 19 in the forum Heads Up! 6 years, 7 months ago
Come to meet, discuss, exchange and share experience and knowledge with fellow Property Investors while benefiting from the varying skills of each other. So much fun to be had! No hard sales guaranteed.
Three key speakers in this meeting:
1 – “The Big Picture” (macro/wide-angle stuff):
Directly from his French adventure, Matt Jones from the P…[Read more]
Ethan Timor started the topic Tweed Shire – property Investors Networking Meeting – Tuesday June 19 in the forum Heads Up! 6 years, 7 months ago
Come to meet, discuss, exchange and share experience and knowledge with fellow Property Investors while benefiting from the varying skills of each other. So much fun to be had! No hard sales guaranteed.
Three key speakers in this meeting:
1 – “The Big Picture” (macro/wide-angle stuff):
Directly from his French adventure, Matt Jones from the P…[Read more]
Ethan Timor started the topic Byron Shire – Property Investors Networking Meeting – Tuesday May 15 in the forum Heads Up! 6 years, 7 months ago
Come to meet, discuss, exchange and share experience and knowledge with fellow Property Investors while benefiting from the varying skills of each other. So much fun to be had! No hard sales guaranteed.
Three key speakers in this meeting:
1 – “The Big Picture” (macro/wide-angle stuff):
Directly from his French adventure, Matt Jones from the P…[Read more]
Ethan Timor started the topic Byron Shire – property Investors Networking Meeting – Tuesday May 15 in the forum Heads Up! 6 years, 7 months ago
Come to meet, discuss, exchange and share experience and knowledge with fellow Property Investors while benefiting from the varying skills of each other. So much fun to be had! No hard sales guaranteed.
Three key speakers in this meeting:
1 – “The Big Picture” (macro/wide-angle stuff):
Directly from his French adventure, Matt Jones from the P…[Read more]
Ethan Timor replied to the topic How does bank or valuer value renovation? in the forum Value Adding 6 years, 7 months ago
I always think of the valuer as a potential buyer so both the reno and the staging are done as if for sale, so pretty much same rules as sale apply (kitchen, bathrooms, overall street appeal, features buyers like in this area etc)
Then the valuer comes and I walk with him/her, explain what was done, mention the high quality finishes etc.
Usually…[Read more]
Ethan Timor replied to the topic purchasing & selling an untitled land in Melbourne in the forum Creative Investing 6 years, 8 months ago
Yeah, can and was done by many investors over the years.
Need to watch the downside though: what if you can’t on-sell (at a higher price or at all) prior to settlement? 😬
Ethan Timor replied to the topic purchasing & selling an untitled land in Melbourne in the forum Creative Investing 6 years, 8 months ago
Yeah, can and was done by many investors over the years.
Need to watch the downside though: what if you can’t on-sell prior to settlement? 😬
Ethan Timor replied to the topic Help! Selling to tenant without involving managing agent? Yay or Nay? in the forum Help Needed! 6 years, 8 months ago
Sure thing, happy to help 😊
Yes, that would be prudent.
You’ll need a solicitor or conveyancer to represent you as the vendor anyway so might as well ‘kill 2 birds with 1 stone’ I reckon.
Usually I’m in favour of hiring a conveyancer for property transactions but in this case, if I were you I would definitely get a solicitor on board t…[Read more]
Ethan Timor replied to the topic Can a tenant move into a property without OC? in the forum Help Needed! 6 years, 8 months ago
What’s the delay with obtaining the OC?
If I were you, I probably wouldn’t place tenants in what is, officially, an ‘under construction’ dwelling. If something happens to them or their guests, it could get really, really nasty… 😞
Ethan Timor replied to the topic Can a tenant move into a property without OC? in the forum Help Needed! 6 years, 8 months ago
What’s the delay with obtaining the OC.
If I were you, I probably wouldn’t place tenants in what is, officially, an ‘under construction’ dwelling. If something happens to them or their guests, it could get really, really nasty… 😞
Ethan Timor replied to the topic Help! Selling to tenant without involving managing agent? Yay or Nay? in the forum Help Needed! 6 years, 8 months ago
Can’t see why would a property manager receive commission for a sale of the property to a tenant.
My guess is that compensation means if the tenant damages something and pay (compensates) you for it.
I could be wrong, though, as this isn’t my area of expertise.
If I were you, I would confirm this with fair trading. They’re always happy to help…[Read more]
Ethan Timor replied to the topic Boundary dispute: perspectives and creative resolutions wanted in the forum General Property 6 years, 8 months ago
👍😎
Ethan Timor replied to the topic who is responsible for water leaks? in the forum Help Needed! 6 years, 8 months ago
I’m no expert but it does sound strange. My understanding is that technically the building is owned by the body Corp so if it leaks, that’s an issue for them to resolve.
I might be wrong, especially with your unit having an outdoor and the leak coming from there so if I were you my next step would be to speak with ‘Consumer affairs Victo…[Read more]
Ethan Timor replied to the topic who is responsible for water leaks? in the forum Help Needed! 6 years, 8 months ago
I’m no expert but it does sound strange. M6 understanding is that technically the building is owned by the body Corp so if it leaks, that’s an issue for them to resolve.
I might be wrong, especially with your unit having an outdoor and the leak coming from there so if I were you my next step would be to speak with ‘Consumer affairs Victo…[Read more]
Ethan Timor replied to the topic Subdividing-% profit??? in the forum Value Adding 6 years, 8 months ago
Personally, I wouldn’t go near it if it’s not at least 20% profit when doing ‘back of a napkin’ calculations.
Ethan Timor replied to the topic Boundary dispute: perspectives and creative resolutions wanted in the forum General Property 6 years, 8 months ago
Hey mate,
Here’s what I’m thinking:
1. If you’re considering to buy a piece of the adjoining land, that might be a great way to ‘kill two birds with one stone’. It will save the costs and drama of a boundary dispute, so you might get that land for a relatively great price.
2. If that fails, I would wait for the other party to do the first mov…[Read more]
Ethan Timor replied to the topic Boundary dispute: perspectives and creative resolutions wanted in the forum General Property 6 years, 8 months ago
Hey mate,
Here’s what I’m thinking:
1. If you’re considering to buy a piece of the adjoining land, that might be a great way to ‘kill two birds with one stone’. It will save the costs and drama of a bo7ndry dispute and so you might get that land for a relatively great price.
2. If that fails, I would wait for the other party to do the first mov…[Read more]
Ethan Timor replied to the topic Boundary dispute: perspectives and creative resolutions wanted in the forum General Property 6 years, 8 months ago
Hey mate,
Here’s what I’m thinking:
1. If you’re considering to buy a piece of the adjoining land, that might be a great way to ‘kill two birds in one stone’. It will save the costs and drama of a bo7ndry dispute and so you might get that land for a relatively great price.
2. If that fails, I would wait for the other party to do the first mov…[Read more]
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