PropertyInvesting.com | Lucinda | Activity

Lucinda replied to the topic Advice needed: Investors Club in the forum General Property

Thu, 29 May 2014 11:06:13 +0000

And Catalyst – they are in WA. The benefits touted are that the club can secure the services of the best property manager (or the one charging the least?) by putting the tenancies out to ‘tender’, exposing the properties to a wider range of managers.

Lucinda replied to the topic Advice needed: Investors Club in the forum General Property

Thu, 29 May 2014 10:48:57 +0000

Thanks everyone, I have read a lot of the threads about the club and now understand much more about how they work – hence my reluctance to have much more to do with them. Both properties are brand new – as yet unfinished – so we have a few months before they can be tenanted. The excuse for the discrepancy between estimated completion time and…[Read more]

Lucinda replied to the topic Cross Collateralizing in the forum Help Needed!

Wed, 28 May 2014 10:10:01 +0000

We also got caught with this one when our rural property was cross collateralised with our city property. When we wanted to sell the city property, the bank’s 50% LVR for rural properties came into play and we had to pay most of the proceeds into the rural property loan. We changed banks – it limits which bank you can use though as many have this rule.

Lucinda started the topic Advice needed: Investors Club in the forum General Property

Wed, 28 May 2014 09:43:40 +0000

I am a seriously disillusioned ‘member’ of The Investors Club with two questions. Firstly, is there any advantage to having the club organise the Property Managers using their ‘tender’ process or are we better off going it alone? Secondly, is it a widespread practice to advertise an ‘estimated completion date’ for new builds that is not realistic?…[Read more]

Lucinda became a registered member

Mon, 05 May 2014 08:43:27 +0000