sell it to us !Its really a personal decision and one you'll get lots of different views on depending on what strategy people prefer….some buy and hold and never ever sell because they're into capital growth, whereas others are in favour of turning a quick profit and doing lots of these over a period of time to make their money. You need to do…[Read more]
We've just gone through the not-so-nice task of sacking our property manager. We used Professionals but after less than 6mths of tenancy, we're up for another lot of letting/advertising fees…..of which last time costed us about $1000 before we'd even gotten a cent from the rental! I was not about to pay another 1 weeks lettting fee less than…[Read more]
Hi Klokanko,Last i heard John Donjerkovic has been arrested so no chance of you getting in contact with him!As for the manual, the lady who wrote the manual with John i believe has rights to the manual and was still selling it ………..not sure about now but if you email me i can pass on her contact details for you to follow up if you like.
Hey Barney,residential lend based on end val wasn't a prob with any of the banks….i think its a fairly standard for lend on end val to my understanding? They'll lend on new land value + 100% of hard costs. we're registered for gst and we claim the gst every quarter through our BAS to help with cashflow….once we sell the homes we obviously need…[Read more]
Hey Cam,We bought 1 in Gilles Plains last year and are currently building 2 homes as well. For that particular one we went through Westpac for the finance and they were fantastic compared to the other banks we've dealt with. They lent us 80% of the new improved land value (ie. the value of the 2 allotments as if they had already been subdivided) +…[Read more]
Hey Handy Andy,Not particularly hard at all but lots of time involved to get accredited with the individual lenders…Found a simlilar post which answers alot of your questionshttps://www.propertyinvesting.com/forums/getting-technical/finance/4320744Hope it helps.
Mama2Mia replied to the topic I have a question on Past Auction/Sales Results???? in the forum Hey Darcy,
We use RP 14 years, 4 months ago
Hey Darcy,We use RP Data…..subscription to this allows you to access sale prices but only gets loaded onto the system a few days after the property has settled. Alternatively if you're only after the odd property sale price then you can buy individual reports. Link: http://www.realtor.com.au or http://www.rpdata.com.authere are a few more services similar to…[Read more]
Hey Jett,Don't quote me on this, this is only my understanding but you can use a standard real estate sales contract (if you're going through a real estate agent) however, cooling off won't initiate until the form 1s are complete or in other words, unless you have your title reference details to complete form 1s, the buyer is bound to…[Read more]
we use intermezzo which is a neutral cream/beige colour….again goes with everything because it is neutral. Just go down to your local Solver paints and ask for a sample…if you think its too creamy than you can go half tint which is also very nice. chalk USA is also similar and neutral but we use intermezzo in all our homes and have been happy…[Read more]
Hi Paul,We've had some serious difficulties with getting finance for more than 3 dwellings on residential terms so you're right about that….thanks for the post because it sounds like you've done extremely well on getting the rates down to 7.55% or 7.49% for first 12mths! Well done!Did you manage to up the LVR by any chance????Cheers,Kim
Mama2Mia replied to the topic Any recent dealings with Cotherwood Invest -J Denjorkovic in the forum General Property 14 years, 6 months ago
All i can say is 2 words when i hear that name and they are……"Bad News!"I don't think i can give you 1 name of a JV who's been completely satisfied after having done business with him in actual fact, i can think of at least half a dozen who are chasing him for lots of owed money!The guy has alot of knowledge and has the ability to convince you…[Read more]
Mama2Mia replied to the topic Lenders ok with construction of 3 dwellings on residential rates? in the forum Hi Mee Chee,
Thanks for 14 years, 6 months ago
Hi Mee Chee,Thanks for sharing your recent success! I've heard from a few people NAB is an option as well but what we've found is it must really depend on which branch or lending manager you see because they all give different answers…..Go to 3 different branches of the 1 bank and we'll get 3 different answers to the same questions! Its…[Read more]
Mama2Mia replied to the topic Is this pretty much the average agent fee when selling in NZ in the forum Hey Xenia,
Nah nothing if 14 years, 6 months ago
Hey Xenia,Nah nothing if they don't sell…..we pay about 2% + gst here in Adelaide so i thought 4% was a bit rough!I'll have to get another agent to come through i think!Cheers,Kim
Mama2Mia replied to the topic Lenders ok with construction of 3 dwellings on residential rates? in the forum Finance 14 years, 6 months ago
Hi Misty1,We've tried that. We even got a property manager to write a letter saying they intend on managing the leases once we sell. The bank still didn't believe because they saw on our credit report that we currently have several other 'big' loans which are obviously developments.. we're still hunting….can't believe its becoming this…[Read more]
i think after reading the replies i’ve made up my mind…..i never really wanted to go down the auction path but the agent was very convincing with his theories!
Marc is right (well for SA anyway), in SA the bid is unconditional when buying at auction with no cooling off…obvsiouly isn’t the same in every other state. I think i agree with you…[Read more]
we’re from adelaide but we always book our accomodation through these websites at great prices.
anything within the CBD would be convenient (presuming the venue is within CBD) as there is a free city bus which circulates the CBD
Hope this helps!
ps. i haven’t…[Read more]
We have an Adelaide Real Estate Investors Group that meets 2nd Tuesday of every month…i reckon this would be a great place for you to start…lots of networking opportunities (free to attend!). Next meeting is Feb 13th.
“Money Can’t Buy you Happiness but it Does Bring you a More Pleasant Form of Misery”
What Steve said about CGT is my understanding also.
We’re in the business of buying and selling also and my understanding is we don’t pay CGT because buying and selling property is our business. We pay income tax on the profits we make like any other business.
It wouldn’t make sense that if Joe Blogs who runs a fish and chip shop only pays…[Read more]
we recently encountered Investor Finance in Adelaide and approached them for finance and i have nothing but good things to say about them…….only reason i say this is we had approached maybe 20-30 brokers/banks in the last 2 months seeking a ‘solution’ to our finance situation and although we’ve received many options, they were…[Read more]
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