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HandyAndy888
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@handyandy888
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October 2, 2011 - 5:40 am
What on earth has happened to this thread???
HandyAndy888
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September 29, 2011 - 11:07 pm
I too will watch this with interest; a ‘grey’ area if I’ve ever seen one.
HandyAndy888
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September 29, 2011 - 11:05 pm
Only initial advice I can give you is to read, then read some more, and when you’ve finished, don’t forget to read. Oh, and then, before you’re ready, jump into the market with something close to cf+
HandyAndy888
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July 28, 2011 - 8:23 am
I finally fixed it.
HandyAndy888
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June 29, 2011 - 3:57 am
I’ve never sold under mortgage, but have been close; and when considering all costs, I have come out in the red. Tough times unfortunately call for tough measures.
HandyAndy888
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June 18, 2011 - 11:28 pm
PS. Great posts on your Facebook page!
HandyAndy888
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June 18, 2011 - 11:27 pm
No probs Jamie.
HandyAndy888
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June 18, 2011 - 10:16 pm
Hey Derek,
Still working on the business plan, I’ll probably start from scratch and learn along the way. I find I’m procrastinating a hell of a lot, so it’s time for action!
Thanks for your comments.
HandyAndy888
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June 18, 2011 - 6:01 am
Hello Anthony, Can I please still this for my blog?
Thanks in advance,
Andrew
HandyAndy888
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February 26, 2010 - 11:09 pm
Lenders often allow you to include the fees in the mortgage taken out on the property (the stamp duty and the fees). Look into this…
HandyAndy888
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February 26, 2010 - 11:06 pm
Why not cross-collateralise? I have found that it is far easier to get loans approved, get good deals and banks ACTUALLY want to talk to you once you have a large amount to bring to the table. Think about it….
Cross collateralising only becomes an issue if you are trying to offload and you wont re-invest your profit by paying down a loan. Think about your goals….
HandyAndy888
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February 26, 2010 - 11:01 pm
This is a great thread…perhaps Ben you should read Rich Dad, Poor Dad….it’s kind of different, but still relevant to this convo.
HandyAndy888
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February 26, 2010 - 10:45 pm
Congrats on taking the step!!! IF your income is large enough and you can do the numbers favourably for another cf- property, do it now!!!
HandyAndy888
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May 24, 2009 - 10:56 am
The thread title sort of sounds like 300-400cf+…but anyway, this may be a good deal for someone…dog box or not…
HandyAndy888
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May 24, 2009 - 10:53 am
From my experience, cooling off periods are a waste of time anyway. If you want out, you can always default on ANY building inspection, or possibly on finance through the relative clauses…I PERSONALLY wouldn’t worry about it….you may choose otherwise…
HandyAndy888
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May 19, 2009 - 12:07 am
Billyboy wrote:
I'm new to investing and would like to start with purchasing cashflow positive properties.
Don’t we all????
You won’t have trouble finding a lender if you go straight to a recommended broker…
HandyAndy888
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May 4, 2009 - 12:59 am
I’ve been following hone prices too….I guess boring at these prices is becoming easier
HandyAndy888
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May 4, 2009 - 12:57 am
Oh sorry….on many occasions I have made a deposit with $1000….
It depends on the deal, if you are really keen, offer your max, otherwise, 1000 should do. It really makes NO difference. You can always get your deposit back…
HandyAndy888
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May 3, 2009 - 12:22 pm
also, what are people expectations if the grant runs out, (goes back to 10k)? will property die, cause i highly doubt ;s, at the levels im buying at anyway (250,000-270,000)
No, property will not die.
also, if we buy a house, we cant put a 10% can we, because that would have to be our money, is that correct?
No, there are may different types of loan products out there…some 100%, most 80% and some 60%.
also, if we buy somewhere, lets say worth 250,000, and we settle far a 5% deposit, will 30 days be enough time for settlement?
No
also, we get the grant on settlement correct? the bank will provide this if we get?
Yes and no. It will be included in the calculations provided by the solicitor (I think…)
Good Luck….
HandyAndy888
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May 3, 2009 - 4:03 am
As long as you are intending to rent this property, I am of the understanding that you can claim deductions. if I were you, I would source the finance to get the plumbing done, then rent it…you got yourself into a real pickle….good luck….