[michaelandre70Member@michaelandre70Join Date: 2009Post Count: 34]

February 24, 2011 - 3:51 am

make sure both you and your wife can get a job when you move to the new town and borrowing money is not a problem.

Darek – agree with you on the classic saying – sometimes you just have to take a chance. but i think taking some precaution so that the risk is minimized, would be better.

[michaelandre70Member@michaelandre70Join Date: 2009Post Count: 34]

February 24, 2011 - 3:42 am

i was thinking the same, but amazingjeffery put the question first. thanks!

[michaelandre70Member@michaelandre70Join Date: 2009Post Count: 34]

February 24, 2011 - 3:31 am

hi Rachel,

thanks for sharing your experience. there are people who damage others property without eventing the consequence of it. as far as the three boys and weekend party is concerned, i think you should do something about it before the whole neighbor starts complaining!

[michaelandre70Member@michaelandre70Join Date: 2009Post Count: 34]

February 24, 2011 - 3:22 am

does not the word rich refer to the amount of wealth a person has? that is the more a person is wealthy, the richer he is.

[michaelandre70Member@michaelandre70Join Date: 2009Post Count: 34]

February 21, 2011 - 2:13 pm

Gary,

You should keep pushing the agent to refund your deposit. Or you could directly talk to the boss of the agent.

As far as raising your offer is concerned, that depends on how much you can afford and whether the property is worth that much or not. you could check out the price of other houses around before you make another bid.

Cheers!

[michaelandre70Member@michaelandre70Join Date: 2009Post Count: 34]

February 21, 2011 - 2:06 pm

maybe you could post the whole sentence here so that the members here could be of help.

just the words make it hard to explain.

Cheers!

[michaelandre70Member@michaelandre70Join Date: 2009Post Count: 34]

February 21, 2011 - 2:03 pm

Welcome Laurie. hope the members here will be able to answer your query and provide you with the best advice.

Good luck on your purchase and wish you have a happy journey here.

Cheers!

[michaelandre70Member@michaelandre70Join Date: 2009Post Count: 34]

February 20, 2011 - 3:20 pm

Good example on the relocation, Scott.

Generally tenants stay as long as the lease permit. I think they can also leave early by giving the owner a prior notice. Correct me if i am wrong.

[michaelandre70Member@michaelandre70Join Date: 2009Post Count: 34]

February 20, 2011 - 3:14 pm

Before taking the final decision, I would suggest you to calculate the payments/costs for each scenario and also the expected return and find out which one gives you better cashflow or return on investment.

[michaelandre70Member@michaelandre70Join Date: 2009Post Count: 34]

February 20, 2011 - 2:55 pm

Bad experience! you should consider hiring a new agent. which agency was it?

[michaelandre70Member@michaelandre70Join Date: 2009Post Count: 34]

February 20, 2011 - 2:48 pm

I think the newish unit would be better, taking into consideration the maintenance and repair costs.

[michaelandre70Member@michaelandre70Join Date: 2009Post Count: 34]

February 19, 2011 - 2:40 pm

Have not heard of such thing actually. Assuming that you build the house out of loan, so you need to pay for the repayment, which I assume you will make out from the rent you receive from your sister and same goes for your sister. so why not stay in your own house and make the repayment out of the money that you would have to pay as rent otherwise.

I hope I have not misunderstood what you posted?

[michaelandre70Member@michaelandre70Join Date: 2009Post Count: 34]

February 19, 2011 - 2:21 pm

wonderful and informative post. thank you all for contributing and enriching the topic in concern.

[michaelandre70Member@michaelandre70Join Date: 2009Post Count: 34]

February 19, 2011 - 5:51 am

A warm welcome to you in the forum. Wish you have a great time here and all the best for you plans.

Cheers!

[michaelandre70Member@michaelandre70Join Date: 2009Post Count: 34]

February 19, 2011 - 5:46 am

Sorry to hear about your experience AussieFly. Do post us the updates.

[michaelandre70Member@michaelandre70Join Date: 2009Post Count: 34]

February 19, 2011 - 5:22 am

I completely agree with traolcoladis. The agents want to make their sale without any complicated matters arising. As far as I know building inspection is necessary before making the purchase, so that you are on a safe side.

You could ask other agents whether they allow it, and then tell your agent that others allow it, so why can not she?

Good luck on your purchase! and Cheers!

[michaelandre70Member@michaelandre70Join Date: 2009Post Count: 34]

February 19, 2011 - 5:04 am

The lady failing to get her retirement fund and putting you in a bad shape. I am sure she did not anticipate it to happen, neither have you. I do agree with you that she should have had an alternative to make your payment.

I would agree with the advice by deeplead and Scott.

Hope things end up well for you.

[michaelandre70Member@michaelandre70Join Date: 2009Post Count: 34]

February 18, 2011 - 5:54 am

Good points noted by xdrew.
Is there any standard annual rental increase that can be followed to be on a safe side?

[michaelandre70Member@michaelandre70Join Date: 2009Post Count: 34]

February 18, 2011 - 5:46 am

Good post. Thanks to DWolfe for sharing the information in details. I agree with you on the note of asking as much question as possible to the draftsman. You should clear all your doubts and have a clear idea about what is going around before proceeding.

[michaelandre70Member@michaelandre70Join Date: 2009Post Count: 34]

February 10, 2011 - 4:10 pm

good bargain from $700  to only $18.

are the lease fees always a percentage of the rent or are there companies who charges a fixed amount no matter what the rent is?