PropertyInvesting.com | monto | Activity

monto replied to the topic No section 32 ?? in the forum The Treasure Chest

Wed, 16 Oct 2002 02:33:41 +0000

If sighting the S32 is important to make the contract binding, it must be an awfully important document. Do you guys always get it checked by the solicitor, or do you check it yourself? If latter, what do you look for in it to ensure the deal is not problematic?
Thanks

Matt

monto replied to the topic LMI calculations in the forum No Subject

Thu, 22 Aug 2002 00:16:44 +0000

If a wrapper is paying LMI to the bank because s/he is borrowing 90%, would it make sense to charge the wrap buyer similar fees if they are borrowing 95% from the wrapper. Do you guys waive this fee as if it’s part of the 10-20% mark up on the price already?

monto replied to the topic private sale in the forum No Subject

Fri, 16 Aug 2002 06:01:03 +0000

Try For Sale By Owner website
http://www.fsbo.com.au

monto replied to the topic Real Estate Calculator in the forum The Treasure Chest

Sat, 20 Jul 2002 13:56:23 +0000

I use the one sold for $69.95 from http://www.creativerealestate.com.au which I find really easy to use. Even better, if you have a PDA to load up a spreadsheet, you can use the PMT function which is very powerful for calculating anything you need on the road.
Matt

monto replied to the topic Which approach- buyer 1st or house 1st? in the forum The Treasure Chest

Fri, 19 Jul 2002 12:27:46 +0000

Hey Wei,
Although I will see you tomorrow afternoon, I thought I’ll still try to answer your question with my theoretical answer. To me, the amount of deposit shouldn’t be too little. The chances are, if they can’t save at least $5000 they might have trouble makeing the payments down the track. It’s not how much money they have that’s important,…[Read more]

monto replied to the topic Credit Checks in the forum The Treasure Chest

Wed, 17 Jul 2002 09:46:05 +0000

It’s free to request your personal credit check if you don’t mind waiting for 10 days, or you can pay $19.95 to get a express check. My understanding is that you can get your client to pay 19.95 to request a copy and have Baycorp fax it to you.
Not that I’ve done it, only read about the theory, would be interested to know if this is the right…[Read more]

monto replied to the topic Wrapping High Value Properties in the forum The Treasure Chest

Wed, 17 Jul 2002 04:35:29 +0000

If the spread is 2% the wrap buyer will have to fork out additional $20000 each year (or $384 a week) on repayment based on the sell price of 1 mil. Your friend would need to consider if this is the price someone will want to pay to own the property rather than to just rent another place like that for $500 less a week. (Yeah I know for someone who…[Read more]

monto replied to the topic assumable mortgages in the forum Can someone please tell me

Sun, 16 Jun 2002 15:56:34 +0000

Can someone please tell me where I can find out more about this wonderful prodcut Wrap Secrest Revealed? Thanks in advance.

HI:STEVE
I would like to take this time to thank you for your wonderful product Wrap Secrets Revealed.Just last night at my Rein(real estate investment network)meeting,I was telling Don Campbell about the forums,of course…

[Read more]