PropertyInvesting.com | Gately | Activity

Gately replied to the topic A tricky question requires lateral thinking in the forum Finance

Fri, 26 May 2006 23:23:07 +0000

Any idea on which banks other than the big 4 which may be interested. W/Pac is our normal bank but its like pulling teeth and they want more pre-sales- we have sold 2 with another 4 deposits taken which is pretty good in 4 months and so early into development

jmn

Gately replied to the topic Wrap contracts in the forum Creative Investing

Fri, 26 May 2006 23:04:38 +0000

Thanks for your help- we are looking in NSW

jmn

Gately replied to the topic Defaulting Tenant in the forum Hotch Potch

Sun, 04 Apr 2004 22:18:18 +0000

Hi Terry,

Sounds like the crew you lined up for 15% is far and away your best option. I believe with Steve, spending a few hours on it is worth it-if it comes off you have made $1000 per hour and with minimal worry.
I have had court orders placed on tenants to pay and I am always apprehensive about throwing good money after bad by spending more…[Read more]

Gately replied to the topic Wraps for starters in the forum Hotch Potch

Thu, 01 Apr 2004 03:19:05 +0000

Thanks for reply Steve.

I am in agreement that deposit is most often the stumbling block for people. It is no different in renting properties to tenants-they can all meet the weekly payments (or so they will tell you!) but often many struggle to find the $1000 or so up front bond.

A further comment/question/observation;

I would assume the…[Read more]