Hi Terry,The business will have one person operating it and its under a PTY LTD structure.100k in two years – Do you think it may be more sensable to pay of the home rather then invest?Cheers

Hi Terry and Richard,"Looking at your numbers i am assuming with a property valuation of circa $410,000 and $100,000 in equity you have an existing loan of around $310,000. Unfortunately there is a big difference between actual equity and usable equity."My home loan Is $100,000 and the valuation is at $410,000.The new source of income is coming …[Read more]

Hi Derek,You have read my thoughts and what i am going through like a book. I am pretty happy with what my wife and i have acheived but i am that  type of person that if i climbed one mountain i would need to climb another 2.Thanks Derek and speak soon

Hi Derek,Thanks for the heads upOur overall debt situation is pretty good.Current Home Loan: $100,000 @ $640.00 per month in repayment.But Because we have a bussiness as well i think we dont take as much risk just in case the shop is  abit quiet.

Hi Mark,Thanks for that little note. Very interesting!!I think one of the most difficult things  i have faced is that when i was living at my parents i was saving 90% of my income and buying property left right and center and felt pretty wealthy.I'm only 27 so i still have allot to learn but since i have moved out which has been two years know i…[Read more]

Whats the point of having a trust vs normal name?Cheers

Hi Joe,I have to agree with the rest and the day's of owner building are certainly over.You need allot of time to manage the project and because its your own home you will get even more fussier and the cost will blow out.Plus people or freind's will always say there are saving or there making a killing but you rarely get freinds who will ever say…[Read more]

Hi Guys,Thank you for the above responses.I do change but i always get results – But it some times feels uncomfortable but then as they say success is uncomfortable.Plus aiming higher is a good thing i guessCheers

Hi Grantos,I used to work in real estate and here are some tips that may help you out – Well i hope any way!!!The key to a successfully transaction is to make sure both parties are happy with the terms not just the price.1) If the agent told you that the vendor wanted 320k over the phone tell the agent to provide you with a counter offer.At the…[Read more]

Its a Amazing we are meant to be in  flat market!!!It shows that good property will still sell at a good price.Funny times ahead

"Others on the forum might be able to advise but i think you can fill the buyer in as Mr Smith, or nominee. TO achieve a sneaky purchase. May differ between states"I would not advise this at all, Because at some point who will have to put your name on the section 32 and this means that once some thing gets amended the vendor has to sign over again…[Read more]

No Problem at all.Call the council and speak to the town planning department most of them are very helpfull.Also it would be a good idea to talk to a drafter who knows the area and hopefully they can point out any obstacles you may face.Some times the council may make it sound easy on face value but once you apply to do some thing thats when you…[Read more]

Hi Jenny,Hope your venture is going well?JAC M has made a great point get in contact with the council. Another thing you should note to get this provision revoked is not going to be done for free. So give the council a call and im sure they will be more then happy to have a chat and also they may give you a guide line on what can be or not done.cheers

Hi Robbie – Great Post!!!There a few things i would like to point out.1) When i was agent i used software called RP DATA which helped me valuing homes at a realistic price.2) If the home is listed for 220K and you offer 150K do you think they will take that money? If i owed 80k on the house the repayments would not be that bad. Plus they could…[Read more]

LOL  Greek and Italian bonds – Sounds like the best investment return out there at the momentWhat can go wrong nothingthre greeks dont pay taxes lol

hmm know how they work but have not realy heard of them
what other investment options are there

Its all good to get this loab but what happes
if your dad can bot make any repayments for u?
All no offense are you realy learning how to scarfice as well
getting the loan might be easy but the most inportant thing is what are you learnong

Hi Matt,Good luck with the sale of your Units. One thing i would like to recommend  is to list the home to an agent in the area.Why:1) Like Scot No mates said " Since your selling more then one property" You should be able to get a better deal with Marketing and Commission. 2) Get an agency who is either based or knows the area very well. 3) I…[Read more]

I wonder if some of the franchise will still trade under refund or something new?PS would other broker firms buy there existing port folios?

Hi Apologies for replying a bit late.I end up getting a bit more money then what the vendor wanted but in all truth the market conditions where allot better. I think the best option may be just to get it cleaned up and rather then spending more money on the home sell it and a cheap price and it should all balance out.Cheers