PropertyInvesting.com | hakanoa | Activity

hakanoa replied to the topic Investing using a Investors Package (Finance and Property) in the forum Legal & Accounting

Mon, 24 Oct 2011 02:00:56 +0000

Hi CatalystYes we are from Wollongong — didnt know much about Coomera.I should have rung my sister who lives up there to give me the heads up about the area BUT i didnt and its my bad luck.Everything you have stated above is on the money…got sucked in big time

hakanoa replied to the topic Coomera QLD Investment Property in the forum Help Needed!

Mon, 24 Oct 2011 01:56:09 +0000

Hey Speedy GonzalesIts exactly what you have explained above on how we ended up with this so called deal. Our goal firstly was to repay our PPOR mortgage off quickly using an offset account along side having our first investment to create more equity to move on to the next investment and so forth.The property consultant then provided 3…[Read more]

hakanoa replied to the topic Coomera QLD Investment Property in the forum Help Needed!

Sun, 23 Oct 2011 12:45:06 +0000

Hi AndrewIts a bit of mess — I should have done my due diligence before hand.Do you know of any independent valuers in the area? Thanks for the advice above as well

hakanoa replied to the topic Investing using a Investors Package (Finance and Property) in the forum Hey Terryw --- Anyone

Sun, 23 Oct 2011 06:13:00 +0000

Hey Terryw — Anyone really?Do you know any good lawyers and accountants, even a broker for finance in the Wollongong Area who are property saavy

hakanoa replied to the topic Coomera QLD Investment Property in the forum Help Needed!

Sun, 23 Oct 2011 05:52:35 +0000

This is my first property investment.Not sure how it stacks up with duplex that are 5 years old in the same area. Not sure what you mean by paying a premium because its new. There are a few similiar duplexes to ours built in the same estate, well they are the same plan and still building more properties.Ive only just started to look into it after…[Read more]

hakanoa replied to the topic Coomera QLD Investment Property in the forum Help Needed!

Sun, 23 Oct 2011 05:01:20 +0000

Um the purchase price is $399,995 and expected rental is between $380-$400, our plans are to buy and hold.Thanks Derek

hakanoa replied to the topic Investing using a Investors Package (Finance and Property) in the forum Legal & Accounting

Sat, 22 Oct 2011 22:49:04 +0000

Yip I get your analogy — understand totally. I diffently will arrange for an independent valuation to be done.Thanks Terryw

hakanoa replied to the topic Investing using a Investors Package (Finance and Property) in the forum Legal & Accounting

Sat, 22 Oct 2011 12:26:46 +0000

oh well its a bit hard to explainDevelopers develop the land, so they need buyers for properties, they give the property consultants rights to sell the properties on their behalf. We signed the contract to purchase the property.We did pay a fee well it didnt physicall come out of our pocket — this fee has been factored in to the loan amont, so…[Read more]

hakanoa replied to the topic Investing using a Investors Package (Finance and Property) in the forum Legal & Accounting

Sat, 22 Oct 2011 12:02:21 +0000

Amendment to "the developers have given the property consultants the right to sell the properties for them" property consultants have the authority to sell on behalf of the developers.Timely manner — to make sure all the contract terms and contracts are meet — or should we be taking more control of it, it feels like we have no control.

hakanoa replied to the topic Investing using a Investors Package (Finance and Property) in the forum Legal & Accounting

Sat, 22 Oct 2011 11:55:37 +0000

I was a bit vague wasnt I.Im really not sure whether they are a mentor type company but they are a company that enrols people into attending a seminar about investing in property and this company is affiliated with a financial service team and a property consultant team. They help to design a personal investment portfolio. We went through 3 s…[Read more]