ROFLMAO Dazling! [lmao]

Sorry Jenny I can’t help. I can empathise. Similar kinds of things have happened when dealing with another major bank. I think that ‘on hold’ music they make you listen to for half an hour, is especially selected in the hope you will hang up. And why do they always ask ‘what was the name of the person you spoke to last…[Read more]

Thanks guys. yes i did assume that the interest rates were higher for investment properties.

and thanks for the tip Roy. I think the mortgage hunter would be a great broker. He’s in the wrong state of course. How bout moving north to qld Simon.

milly

http://reareports.realestate.com.au/cgi-bin/vgmsg/RP_Reports/rea/rpreahome.p?type=4000011

RP Data is great for researching an area but you will have to pay for it

I usually exhaust all the free google searches first tho and if I am still interested I’ll pay for the RP DAta.

hmm i might have to get a job as Real estate agent so i can access this…[Read more]

Hey Jenny, I reckon you should take a photo of the place, add some palm trees and beach shots and then submit them with an ad to a melb newspaper. This is the perfect time of year to tempt some more mexican retirees.

oh and kay, I had a giggle[biggrin] over your response to grossrealisation’s clumsiness.

milly

Only some practical male investor [wink]would think that cladding would increase the value of a house that much. Ok granted it looks better than fibro but…..

Just bear in mind who picks the nest. It’s the female. And she is looking at those lovely curtains, the french doors, the newly renovated bathroom and STREET APPEAL. She wants to drive up…[Read more]

Ha ha. Youre a disgrace Tools! [stun][upsidedown]

Im sure there are times when most of us wish we could just pick up the phone and call the landlord/property manager when a tap is dripping.

Pete and jacky, You’re absolutely spot on! If i was to put the house on the market I would definetly bring it up to scratch. Amazing what we can learn to…[Read more]

My guy is divorced and doing the maintenaince thing for two kids. He finds it virtually impossible to get ahead financially so has no interest in property (which is my passion). He would rather fish.Frankly he is a financial liability.

However he IS good at renovating and can fix anything.

I guess sometimes you have to cut your losses and just…[Read more]

thankyou all for your time and advice.

Thankyou wylie and Bofclark in particular for your reminders of what is important in life. Just for the record tho, a holiday in a unit with four boys is NO holiday for me!!!! The thought of getting on a plane and taking them to disney land is enough to make me shudder wiht fear.

We all respond differently…[Read more]

Well done JanMarie! It sounds like you have regained control. Goodluck for a speedy outcome.

A granny flat would surely be inadequate for a man with kids visiting every weekend. AND lets face it, a couple of teens WOULD be the same expense as 2 extra adults.

Just put this down as a learning experience. As a single woman myself, I probably would…[Read more]

we all love a good borker [lmao]

sometimes…..just SOMETIMES CBA amaze me with their swiftness and efficiency. It looks like YAHOOOOOOOOOOOOOOO, we are going to make it in time.

CBA had hte release documents done in two days!!! Now i hate to be cynical but I have to wonder if the promised mud cake for morning tea produced maximum customer service. [thumbsupanim]

No matter, I…[Read more]

Ali G ( was terribly impressed by you in the movie)

I am about to replace a front door to an IP. I thought about a deadlock and while you might think it cheap……..I dont.

I don’t have one on my own front door so I see no need to provide one to my tennants. If I have nervous nellies living in one of properties, I see no problem with them…[Read more]

Thanks Greg for the feedback. I like your comments on the duplexes thread.

These duplexes are not strata titled and because of the design they cannot be.
My father lives in his own home and is able to keep half his investment and receive that much rent.

I shall simply have to think of ways to get a better return from this investment.

milly

A question for Purple Kiss or anyone else…..

I too have crossed collatorised. If the bank says no to (not sure of terminology) releasing the collatorised property to allow stand alone loans for the IPs; does this mean we cannot sell our encumbered property?

cheers
milly

Marc is spot on of courses. He gave me advice about the very same subject a little while back and since then I have studied the centrelink homepage.

The reason I couldnt simply phone up and ask them my questions was because, just like kim, you can never be sure of getting correct information. Indeed I challenge anyone to ring centrelink 3 times…[Read more]

While searching for a new property manager for 2IPs I found an agent that prefers the carrot rather than the stick.

When new tennants move in they are given a lil pressie of toilet paper, soap, tissues etc. When tennants pay their rent on time continuously for a set period they are given a card which they can use in applications for future…[Read more]

Hey there Monopoly

Just wanted to offer a tip to your friend as
I am in much the same position, ie PPOR, 2 IPs and casual work at 15k/yr, plus family benefits of 15k/yr. What I found the killer was rates and insurance on these three properties. So I made a self contained flat downstairs.

Boarders moved out a while back.

Next week, I have 3…[Read more]

Hey thanks for the advice.
I feel better (and braver[medieval]) already.

Milly

I think Ill give up property investing and become an accountant[grad][fear][aacool]

Marisa $75/stump!!! woohooo yahooo! I want your stumper!

But even better, Brenda, I love your solution and I shall certainly be mentioning it to whoever gets the job.

Jaffasoft, I am really curious about the end of that story. Did your mate go on a spending spree of buy another house?