https://www.propertyinvesting.com/members/fergusgartlan/activity/ Activity feed for FergusGartlan. Mon, 13 Apr 2026 01:02:27 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 25fc2b9f3a31abe8314680ae14741b28 https://www.propertyinvesting.com/topic/4364693-5-deposit-fhog-none-of-my-money-in-a-wrap/#post-4411091 Sun, 28 Jul 2002 00:13:17 +0000 Hi Jennt,
Maybe 10% buying costs is a lot on a property of that value.
Remember the stamp duty and transfer fee if you are borrowing 95% will be about $4K (NSW) or $5K (VIC – not happy Jan!), which I am not sure if you have allowed for.
Maybe Steve can give us some direction on this, as I have not bought anything of that value so far.
Can’t wait…[Read more]

]]> fa08f21ddd76a086a09fa93ef32d0d3c https://www.propertyinvesting.com/topic/4364694-spare-ticket-for-masters-of-property-investment/#post-4411095 Fri, 26 Jul 2002 04:00:22 +0000 Thanks Mark,
But no thanks
I already have mine – would be crazy to miss it.
But you should have no problem selling the ticket
See you there.
Fergus

]]> e3ffd751e4e9b0dd9741cddad4dba602 https://www.propertyinvesting.com/topic/4364693-5-deposit-fhog-none-of-my-money-in-a-wrap/#post-4411089 Fri, 26 Jul 2002 03:14:06 +0000 Hi Jenny,
If the house cost to you is $140K then if you allow 10% for buying costs, and then 20% on that again for margin, it brings your sell price to $184,800 ($140K + 10% + 20%)
If your prospect can give you the FHOG (which you get only after settlement) and 5% deposit ($7K) that’a total of $14K income.
At this value I would probably be asking…[Read more]

]]> 8fc9bd7ee7f0c138fffe1a51a8503e20 https://www.propertyinvesting.com/topic/4364688-which-approach-buyer-1st-or-house-1st/#post-4411074 Wed, 24 Jul 2002 01:40:33 +0000 Thanks Darren for your help in tghe past.
To answer Wei’s question, I add 10% to the $60K for my buying costs.
I then add 20% to that for the margin, so I sell the house for $79,200.
We subtract the FHOG and $3,000 hurt money deposit from that and get a loan of $69,200, which is what I get paid out if they refinance.
I have been adding 3% to the…[Read more]

]]> ab4c450813289a98cf303d7240ef84e2 https://www.propertyinvesting.com/topic/4364688-which-approach-buyer-1st-or-house-1st/#post-4411069 Mon, 22 Jul 2002 06:01:19 +0000 Hi AD,
To answer you question, I am doing this in the La Trobe Valley.
The value of the houses are ideally $45,000 to $60,000 as that will keep the weekly repayments close to what people are paying in weekly rent.
Today I spoke to a lady who wants to buy the house she is renting from her Dad (he owns it) for $60,000.
She convinced him to loan her…[Read more]

]]> 14b67fb51a30c7da34670fbaeac623d8 https://www.propertyinvesting.com/topic/4364688-which-approach-buyer-1st-or-house-1st/#post-4411066 Sun, 21 Jul 2002 12:19:38 +0000 Hi Wei,
I have been using the “find the person first” approach by advertising.
Then I check their refs etc.
After investing in Steve’s WSR library, I decided to just place an ad and see what happens, and panic then if anyone called.
Well they did call, and I started to put together info and application forms to send out.
Onr particular couple…[Read more]

]]> bcd31deaf18d6b7c7531f139d15aa012 https://www.propertyinvesting.com/topic/4364645-how-much-deposit/#post-4410947 Tue, 04 Jun 2002 09:05:15 +0000 Thanks Darren and Steve,
Have started wrapping my 1st property, and made an offer on the 2nd.
Yeehaa!

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