Total Members: 158,668

happyjack72

  • happyjack72 replied to the topic Interest rate locked until June 2010 in the forum Help Needed! 15 years, 4 months ago

    Hi guys, I just found out something today from my mortgage broker that I thought was quite interesting.Not sure if any of you have heard about it. I have a couple of fixed loans secured by one property, that I would like to put on the market to off-load.And the usual story … bank charging exorbitant fixed rate break…[Read more]

  • happyjack72 replied to the topic depreciation on a dugout in the forum Help Needed! 16 years, 3 months ago

    Thanks Jeff,I guess I'll probably get some photos done of the items/chattels, etc and get them sent to the quantity surveyor.I can't see that it's worth it getting him to fly out to the property, esp in Coober!!!!But, has anyone actually got a schedule done on a dugout?What sort of depreciation did you get on it?HJ72

  • happyjack72 replied to the topic Anyone want to sell a conference ticket??? in the forum Help Needed! 16 years, 3 months ago

    Hi digle,Thanks very much.I've emailed you.HJ72

  • happyjack72 replied to the topic Carports in metropolitan Brisbane in the forum Help Needed! 16 years, 4 months ago

    Hi guys,Thanks for the tips.I have contact Stratco. They'll supply a carport pretty cheap, just over $1000. Don't know what condition it'll be in.But they don't do any installation, council application or anything else.I haven't thought of Outdoor Direct. I'll give them a ring.I have contacted two other companies, whose quotes I'm…[Read more]

  • happyjack72 replied to the topic hotspotting.com.au reports – good investment or not?? in the forum General Property 16 years, 6 months ago

    Hi "happy little" vegemite,What are the costs involved with the reports?And what sort on an area (eg one suburb, one postcode, larger area) does the report cover?And do they provide a buyers' agent service?HJ72

  • happyjack72 replied to the topic IO loan on PPOR?? in the forum Finance 17 years, 1 month ago

    Hi Simon,Thanks for that.Yes, I think having an offset would be a great addition.Can the offset have a redraw facility?Or does it depend on the lender?

  • happyjack72 replied to the topic Subdivisionin Brisbane in the forum Value Adding 17 years, 1 month ago

    Hi lilyhutch,We are currently starting a subdivision process in Brisbane as well. We bought the property with a development permit in place already. The council contributions (water headworks, sewerage headworks, parks, street lighting, etc) should be on the local council website, although the documents can be difficult to read and the calculation…[Read more]

  • happyjack72 replied to the topic To build or not to build in the forum Hi Marc,
    Thank you very
    17 years, 1 month ago

    Hi Marc,Thank you very much.I hadn't thought of selling the old house sooner.I had just thought of getting the profit from the vacant blocks and holding onto the old house.But the old house doesn't have street frontage, so it won't appreciate in value as much as a new house on one of the street frontage blocks.Pete

  • happyjack72 replied to the topic kiwi data in the forum No Subject 18 years, 2 months ago

    Hi,

    I’m new to looking at NZ property. Can anyone tell me any good professionals in Dunedin or Christchurch they have used?

    – property managers
    – mortgage brokers
    – settlement agents
    – building inspectors
    – pest inspectors

    Thanks.

  • happyjack72 replied to the topic Posts in the Overseas Deals Forum in the forum Overseas Deals 18 years, 2 months ago

    Hi,

    I’m new to looking at NZ property. Can anyone tell me any good professionals in Dunedin or Christchurch they have used?

    – property managers
    – mortgage brokers
    – settlement agents
    – building inspectors
    – pest inspectors

    Thanks.

  • happyjack72 replied to the topic Posts in the Overseas Deals Forum in the forum Overseas Deals 18 years, 2 months ago

    Hi,

    While we’re on the topic of bird-dogging, I have a few questions about them. I’m relatively new to property investing and am discussing with a bird-dog a couple of properties they have introduced me to.

    – I know there isn’t any “real standard”, but what is a reasonable fee?

    – I’m doing by own checks on the properties, and am happy with what…[Read more]

  • happyjack72 replied to the topic purchasing a block of units/rooms in the forum No Subject 18 years, 2 months ago

    Thinking more about it, I’m not sure really about all the due diligence I need. I’m still new to this and haven’t got a handle on DD as yet. Can anyone give me any pointers so I don’t miss expensive things? I’m interested in looking at this deal, but I don’t want to bite off more than I can chew.

    Thanks

  • happyjack72 replied to the topic student apartments in the forum Help Needed! 18 years, 2 months ago

    Thanks again.

    My mortgage guy suggested that it may be a 75% LVR if I went ahead with it.

    The way I see it, a rental guarantee for full occupancy is vital, especially as you are pretty much limited in only leasing it to students, and for the university year (Feb – Nov). The contract shows a rental guarantee for this year, but the agent said a…[Read more]

  • happyjack72 replied to the topic student apartments in the forum Help Needed! 18 years, 2 months ago

    Thanks Fast Lane,

    What sort of financing issues or other issues are real concerns? I’ve definitely heard of a lot of dodgy deals happening in Qld over the years. I’m sorting out my own finance, and getting independent legal and valuation opinions before proceeding.

    Is one concern the fact that I can probably only on-sell them to other…[Read more]

  • happyjack72 replied to the topic Boosting rental income in the forum Help Needed! 19 years ago

    Okay, thanks for clearing that up. It did sound too good to be true, but I didn’t know the legal implications of it. If we simply charged them market rent, which our property manager says is $180/wk, and declared the full amount as rental income (paying management rates and income tax from that amount), and then gave them back $100/wk out of…[Read more]

happyjack72

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