Might be better to move your question to the "Overseas Deals" forum

https://www.propertyinvesting.com/forums/overseas-deals

Premises being used to grow marijuana?  That's "using premises for illegal purposes".  That's a 14 day notice to vacate in VIC.  Refer to page 2 of this doc:

http://www.consumer.vic.gov.au/library/forms/housing-and-accommodation/renting/notice-to-vacate-to-tenants-of-rented-premises.pdf

Just issue a notice to vacate and that's…

If you decide to do shower over bath, do not do a shower curtain.  Do a shower screen.

Good onya ING!  Now for some playground peergroup pressure.  Will the other banks follow?

I personally would do a separate shower cubicle, and then one of those small square shaped bathtubs.  That way people with kids can still put them in the bath but adults can have a normal shower.  This all presumes you could still access the bath without reaching over the hand basin to extract said child from bath without doing your back in.

Can…[Read more]

Hi Pru

The answer to the question of "When should I start investing" is "as soon as you can".  The reason is that "time in the market" is a strategy that does not tend to fail.  You buy a place for say $200k, you rent it out, and each year you put up the rent.  Meanwhile the value of the property is going up, and eventually the mortgage payments…[Read more]

Derek wrote:
Sounds like its well overdue for schools to teach "life skills" so people can learn some basics of life, we have plenty of "smart people" with no street sense and it's really bad to see someone ripped off because they didn't know any better

Good call Derek.  As you have previously been a school principal, can you provide some…[Read more]

Banks are not the only lenders these days.  Search this forum for "vendor finance".  You'll see

Jewel47 wrote:
You got fire Jac, lol.

Thanks for Sharing Ashley!

Text?  The agent is dealing with you via text?  What a whimp!  He/she should call.  Then you can be blunt about the situation.  You are the ONLY player at the table, the property HAS NOT sold (the exclusive management authority is usually only 12 weeks by the way so they either have incentive to stop mucking you around and get down to business, or…[Read more]

Hi again wakebrown

Referring to your original question: "Who/what is the best type of person to talk to too help me get my money working the best for me and to use it too the maximum benefit?"

If you opt to put your faith in someone else's hands… even if they have a business card saying they are this or they are that, they you better hope they…[Read more]

Looks like you can get yourself a low-cost ATM machine at the House of Target at the moment…

Hi wakebrown,

You mentioned that your strategy to this point has been renovate and hold.

When you renovate, one would presume you have added some value to the property.  A couple of years of "holding" ought to have added some capital growth too.  Have you looked into how much the renovated property is now worth compared to what you owe on it? …[Read more]

The highly regarded brokers on here are Jamie M (Jamie Moore) and Qlds007 (Richard Taylor).  Pick one, contact them, and you'll be very pleased with the result.

Jewel47 wrote:
Thanks Jac!

You're most welcome

Jewel47 wrote:
They think it is the tenant is making the place look bad. Nothing to do with the 1000 other problems with the place, lol.  

Ah well you need to create a report from rpdata (or equivalent) showing recent sales for properties comparible to this one.  Put a clear heading on each…[Read more]

ps if this guy is being that unrealistic about price, perhaps an education is in order? I wonder if he would become more realistic if other people started offering him even less than what you are offering?   

Jewel47 wrote:
I feel like I already know everyone on the site!  I often speak to my hubby and say, well "TerryW said", "Jamie stated", "Jac made a good point about", "Richard suggested".  He thinks I am talking about people I know, lol.

Hahahha!!!!!!!!!!!  Brilliant!  One day there shall be a who's who of pi.com party and faces can be put to…[Read more]

This is very common in London.  Basically they are cashing in on high demand, and an influx of people with few street-smart skills coming in from countries where people are not as opportunistic.

If she transfers the property to another entity, she'll have to pay stamp duty and capital gains tax.

What is she trying to achieve?

If it were me, I'd get a really good mortgage broker on board to get a new lender to cancel off the debt with the current lender and start it again as an equity release loan for investment purposes.  Jamie M (Jamie…[Read more]