https://www.propertyinvesting.com/members/mum2five/activity/ Activity feed for mum2five. Fri, 17 Apr 2026 11:20:47 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 a73b4897b0cfc47ac688812bf3f17d29 https://www.propertyinvesting.com/topic/4389796-our-first-reno-project/page/6/#post-4568545 Thu, 26 Jul 2007 09:16:52 +0000 Looking good!Bit late now, but you may have been able to sell or give away some of the plants you took out and let others do the work digging them up for you! An add in the freebies section of a local paper stating free mature plants buyer/taker to remove, could have saved alot of back breaking work and possibly made a little $$$

]]> 8e2e0657b4665bd13dad13b375a2d55f https://www.propertyinvesting.com/topic/4390158-help-with-a-tenant/page/2/#post-4570488 Thu, 12 Jul 2007 15:18:34 +0000 There is also the fact that with this person not being on the lease, if they damage anything, the freinds that have the lease  are the ones who will be liable. Not saying that will happen, but sometimes accidents happen, or people you thought were nice turn violent and punch holes in walls etc…..just something to think about for them! Nell m…[Read more]

]]> 5f25aca32b3f458ae07034e154bcf79c https://www.propertyinvesting.com/topic/4390075-which-bank-5/page/2/#post-4569960 Wed, 04 Jul 2007 11:30:38 +0000 Thanks, yeah he said when he got back that he could do extra payments, but doesn't matter since he can't get 100% for Narrabri

]]> 727f6aef97f443553954c661f6b5b763 https://www.propertyinvesting.com/topic/4390075-which-bank-5/page/2/#post-4569958 Wed, 04 Jul 2007 03:30:22 +0000 Well he went and saw RAMS today, no go, they won't lend 100% in postcode 2390 but they will lend him up to 350K, what a bummer, but not to worry , at least now he knows how much he can borrow, just needs to find an area with a good investment that they will lend 100% for. I have someone else lined up anyway that was willing to pay 500 above my…[Read more]

]]> 8fd28e2d78f33ca4448831a3385ce6f3 https://www.propertyinvesting.com/topic/4390075-which-bank-5/#post-4569956 Tue, 03 Jul 2007 05:25:56 +0000 Hi Mark,No we wouldn't do a wrap with him as we would need at least 15-20% deposit to use the funds for what we want to do (our main reason for selling) Besides I have 2 other interested buyers that i'm holding off, one of which has offered $500 more than asking price, if he can't get finance then that's cool, I can always sell to one of the…[Read more]

]]> 71e9f042394c5e1b1b3639abf46b1bf4 https://www.propertyinvesting.com/topic/4390079-urgent-opinions-need-to-give-answer-today/#post-4569985 Tue, 03 Jul 2007 04:55:58 +0000 Yes, but then I would have to pay the real estate a commision, and I don't know that they would like to wait a few years to get it

]]> 631831d0d4de992dbdb85a4889b83bf4 https://www.propertyinvesting.com/topic/4390079-urgent-opinions-need-to-give-answer-today/#post-4569983 Tue, 03 Jul 2007 04:34:13 +0000 I thought of that, but I don't have his name or contact details as it is through real estate that we will be renting it out.

]]> e13ff425e7eb3e3e208e98b942717eb2 https://www.propertyinvesting.com/topic/4390079-urgent-opinions-need-to-give-answer-today/#post-4569981 Tue, 03 Jul 2007 02:42:54 +0000 Thanks,Yes that is what we have decided to do, as the water problem in the area will be recitified by christmas (very yucky water) I think the area will improve value and sales wise. Now I just wish the PM would call me back so I can discuss with him. I've gone through all this worry and now i'm wondering if the prospective tenant has even looked…[Read more]

]]> 562768ddaed336d558a4141550c13d18 https://www.propertyinvesting.com/topic/4389796-our-first-reno-project/page/4/#post-4568514 Mon, 02 Jul 2007 11:57:48 +0000 YAY, finally huh Hope they now allow early access for you

]]> 53fe9d3ddffcd24671c5bc36667a925b https://www.propertyinvesting.com/topic/4390075-which-bank-5/#post-4569954 Mon, 02 Jul 2007 11:34:22 +0000 Hi Emma,He isn't elible for FHOG, his wife (my sister) would have been, but unfortunately he owned for about 2 month 16 years ago before he split with his ex.He doesn't want the investment loan as it is compulsary IO for first 5 years (no extra payments allowed) and he wants to pay an extra $150 p/w, so he will try for the one your getting and…[Read more]

]]> 17ef018e4e0f459ef78bcf736d723ef4 https://www.propertyinvesting.com/topic/4390075-which-bank-5/#post-4569952 Mon, 02 Jul 2007 06:20:00 +0000 Yeah hope so, I guess technically he could live off the 5K for 1 month and save the deposit from his salry for the next month

]]> eaa91ef86607286b9b3d536ccafb48cd https://www.propertyinvesting.com/topic/4390075-which-bank-5/#post-4569950 Mon, 02 Jul 2007 06:09:28 +0000 Wasn't sure how serious he was, but he went and got a 5k loan for legals etc today! Hopefully that will cover most of the LMI !

]]> 1260da745695a41f8d3dee8a9e9ba83c https://www.propertyinvesting.com/topic/4390075-which-bank-5/#post-4569949 Mon, 02 Jul 2007 03:18:58 +0000 thanks

]]> 831ffe3bbe17155bef5ff6f7f698d3e1 https://www.propertyinvesting.com/topic/4390075-which-bank-5/#post-4569947 Mon, 02 Jul 2007 03:10:13 +0000 Thanks Richard, I will be paying his stamp duty as this what what I offered to other if full purchase price paid, how much would LMI be on 148,000?

]]> 12a53e30ffba372df740ef5d6a1ab8fc https://www.propertyinvesting.com/topic/4390075-which-bank-5/#post-4569945 Mon, 02 Jul 2007 02:32:26 +0000 Just visited rams site again, and they have their investment loans advertised as Maximum LVR 100% – Investment Only Does anyone know what that means, because the normal home loan that is 100% doesn't say 100% owner occupier Only or anything. Am I correct in thinking they WILL lend 100% on investment property?Thanks

]]> adf300dc7fe161f01b4a78cb1625e4bb https://www.propertyinvesting.com/topic/4390075-which-bank-5/#post-4569944 Mon, 02 Jul 2007 02:05:43 +0000 Yes, true Richard, hopefully Rams will do 100% there, might give them a ring. Just checked with the valuer I trust and they are on rams panel

]]> f95eed67fcbefcaa0ef658d8d5be36f9 https://www.propertyinvesting.com/topic/4390075-which-bank-5/#post-4569942 Sun, 01 Jul 2007 14:34:34 +0000 Thankyou both, my family member has a good credit record and great income, just no savings, he thought both our houses for sale were over 200k, it wasn't until today when I was talking about my Narrabri IP and that it was 148k did he even think about, he asked what the rent was and realised at $210 p/w that it is agood buy (specially since he's in…[Read more]

]]> 599464f200dc9d274c471570ffb9f2c9 https://www.propertyinvesting.com/topic/4381236-adult-children-living-at-home/page/3/#post-4523232 Sat, 30 Jun 2007 15:18:13 +0000 Well melbdude, all I can say is that it looks to me like you still havn't grown up!For me, I have 5 children ( 13, 6, 4, 3 and just turned 1) I can already tell my 13 year will think I should let her stay home forever if she wants…not gunna happen! If I let her stay past 18 she will be paying ren and board, cooking, cleaning etc as if she were…[Read more]

]]> 8dc36c7910bb40953460c8a469771691 https://www.propertyinvesting.com/topic/4390061-why-did-we-have-to-pay-the-vendors-solicitor/#post-4569899 Fri, 29 Jun 2007 10:12:49 +0000 Hmmm got me there, I have never had to, nor when I sold did they have to pay mine. Perhaps it was written in the contract?

]]> 2f2040a7118e959cf30cb7ca5101f423 https://www.propertyinvesting.com/topic/4390060-agentstenants/#post-4569896 Fri, 29 Jun 2007 09:50:08 +0000 Could they at least write you a cheque instead for that month rather than waiting another full month?

]]> f8a4c5e1ce2618ba1197fea3abe8a7b4 https://www.propertyinvesting.com/topic/4390058-the-saga-continues-or-so-it-seems/#post-4569878 Fri, 29 Jun 2007 04:46:48 +0000 O.K I had a similar problem only I was the owner of the property, the tenants, knowing full well they were lockied into the lease until July (this was in January) bought a house, they then stopped paying rent. Being reasonable as they were still locked into the lease I said, fine, all I ask is you pay 8 weeks rent and you can be free of the lease…[Read more]

]]> 8f0cc4e310a68cd1d2b21dbb0549d1c5 https://www.propertyinvesting.com/topic/4388905-x-collateralising/#post-4564323 Tue, 26 Jun 2007 15:49:30 +0000 We made the same mistake, PPOR + 2 IP's all together, we just sold 1 and had to end up paying to have remaining 2 re-valued to cover the payout figure for partial discharge….was not happy! See I knew we got enough for the place to cover that particular house owing amount, but they took the others into account as well, otherwise it would have all…[Read more]

]]> accb54605c04b573cc046551c54bce06 https://www.propertyinvesting.com/topic/4390021-property-market-hotting-up/page/2/#post-4569716 Tue, 26 Jun 2007 10:07:02 +0000 We have our investment property for sale in Narrabri NSW. 15th June median house price was 190,000 today it's 210,000 Not much of a difference compared to what others have reported, but good for me  Graph shows region on a decline, but Narrabri on a good incline …. Thanks mines

]]> f70df64331d306765fb78263bd607863 https://www.propertyinvesting.com/topic/4390009-rent-to-buy-vendor-finance/#post-4569635 Sun, 24 Jun 2007 04:39:54 +0000 Hi Paul,No, havn't decided which way to go. Yes they said if I don't want to ask the questions then to have the prospective buyer contact them, i just though it would be easier fot me to have a few base figures to give to prospective buyers. He did mention the lease option or something as well.Thanks for the reply

]]> 406aa6c6feeb7bc4b54381d9b252c6cf https://www.propertyinvesting.com/topic/4389796-our-first-reno-project/page/3/#post-4568498 Sat, 23 Jun 2007 06:28:19 +0000 another good site is http://www.photobucket.com it has paid or free (paid just has more space)

]]> 5db5172e8d464d541407c5cbfa521b75 https://www.propertyinvesting.com/topic/4389954-bought-a-dud/#post-4569438 Thu, 21 Jun 2007 04:01:00 +0000 Yay….well done

]]> aef59418b632e774be76deff0d7da168 https://www.propertyinvesting.com/topic/4389958-advice-for-sister/#post-4569464 Wed, 20 Jun 2007 13:12:33 +0000 yeah, thought of that, but she doesn't understand it and trying to find a rent to buy in this area wouldn't be easy!

]]> 7ca050cb56513362159a329258aac981 https://www.propertyinvesting.com/topic/4389958-advice-for-sister/#post-4569462 Wed, 20 Jun 2007 10:43:17 +0000 yep, that too….lol… I won about $900 on catch phrase once, but want to get on 1 vs 100

]]> d5a4806cd34b9416ff5f3ce0294df753 https://www.propertyinvesting.com/topic/4384472-answers-to-where-to-find-cf-deals/page/9/#post-4542031 Wed, 20 Jun 2007 07:07:57 +0000 fatboy1730 wrote:
There is a lot that can be said about making rather than buying a cashflow positive deal. All of that has been well covered in many posts. The burning question that doesn't get answered is "are there cashflow positive deals available of the sort outlined in Steve's books?".  We have found a place in reasonable proximity to…[Read more]

]]> a087f946c2091764e868ccc0240beff9 https://www.propertyinvesting.com/topic/4389958-advice-for-sister/#post-4569460 Tue, 19 Jun 2007 07:26:08 +0000 lol…i have aplied to go on a game show myself incase i don't sell my houses….nothing like free $$$$ :p

]]> 799b9392cfe7d0b5bcdd4343c7677c78 https://www.propertyinvesting.com/topic/4389958-advice-for-sister/#post-4569458 Tue, 19 Jun 2007 06:01:33 +0000 Hmmmm yes, that seems to be their problem, her hubby and his ex bought a house together (even though his name was only on it for 2 months) before 2000 in WA. They have been thinking of 100% loan. Wouldn't take them long to save the money for legals if they cut off the austar for a bit etc….They did have a nice deposit but had to buy water for…[Read more]

]]> 57969f89db29c8698247e2c272af133f https://www.propertyinvesting.com/topic/4389956-average-property-management-percentage/#post-4569445 Tue, 19 Jun 2007 05:52:49 +0000 New RE I just signed with in NSW is 8% + GST as was another mainstream RE in QLD also 1 weeks rent leasing fee and $16 lease prep fee.Hope that helps out.

]]> 69ba14c3a6747a9024e66c5e3dc619a1 https://www.propertyinvesting.com/topic/4389958-advice-for-sister/#post-4569456 Tue, 19 Jun 2007 05:34:26 +0000 Hi Marc, yes I know of a few things money is wasted on such as pay tv, alcohol and smokes, unfortunately they won't move to a cheaper place as they don't like having close neighbours and are on 5 acres but the house itself is crappy. I told her to buy that and do it up, but doubt they will but if they want house and reasonable land, then that is…[Read more]

]]> e443ca6bf9f92dd9dc47623d268b995d https://www.propertyinvesting.com/topic/4389954-bought-a-dud/#post-4569432 Tue, 19 Jun 2007 01:05:34 +0000 You could also reduce the rent and sign up a tenant on short lease, it may be a bad time of year for people looking for houses. Then up the rent at a good time with new tenant.Just a thought, may not work, but might too. All depends if you want to run the risk of having problems again.

]]> de63421c194fed32558ca4d6aeb0fff5 https://www.propertyinvesting.com/topic/4387323-what-would-you-do-with-your-time/page/2/#post-4557002 Mon, 18 Jun 2007 12:18:27 +0000 Travel and something artistic, would have to do something otherwise I would get bored, but definately sleep in every day!

]]> 0c19b96ce8cb9a6df502276f7b9e232c https://www.propertyinvesting.com/topic/4389939-after-some-advice-please/#post-4569397 Mon, 18 Jun 2007 12:01:06 +0000 Are you looking only in Adelaide? If not, I have a much cheaper IP for sale in regional NSW (Narrabri, currently cotton farming area, but expanding to mines as well). Just PM me if you want more info

]]> 5f16312a2d9fe70aac99990911c46bb7 https://www.propertyinvesting.com/topic/4389902-singleton-nsw/#post-4569224 Sat, 16 Jun 2007 12:57:56 +0000 Don, there are subdivisons going on all over the place in this area right now, even in rothbury I think which was a blink and you'll miss it area! Happy to see if I can find out though if Greta is subdividing around that area, my real estate is really nice and if they know they will tell me

]]> 49eeb1c56d7634e9ec5a8d6a2ac117f6 https://www.propertyinvesting.com/topic/4389918-built-in-bluddy-wardrobes/#post-4569309 Fri, 15 Jun 2007 12:20:57 +0000 True Harley, as a renter, I always look for built ins. With a large family, wardrobes are just a hasle. The place is going to look alot better with clothes in a built in than all over the floor until I can go buy one, then try to lug in through awkward doorways and risk chipping doorways and paintwork!

]]> 2eba2da8ac133d730943e1fa7d6f9f34 https://www.propertyinvesting.com/topic/4389913-please-help-loan-payout-question/#post-4569299 Thu, 14 Jun 2007 12:01:18 +0000 When I sold 1 house about 9 weeks ago, I rang the bank as soon as contracts were signed as they had to organise a partial discharge. I then had to put my request in writing and fax it to them. Was lucky I did too as it was all only done just in time, mind you it was a 30 day settlement so quite short as is the way in QLD!

]]> bc5d08ea448e33cbab6ff65e272b4bcb https://www.propertyinvesting.com/topic/4386616-cash-flow-capital/#post-4553728 Thu, 14 Jun 2007 09:29:41 +0000 No worries Tatts, oh and my name is Linda, TIA means thanks in advance

]]> 2a11c7aad6481d2220d7e6987181b20e https://www.propertyinvesting.com/topic/4386616-cash-flow-capital/#post-4553726 Thu, 14 Jun 2007 03:39:28 +0000 Sent you an email Fed, but basically, 3 BI bedroom, $148,000 rent $200-220 p/w located in Narrabri NSWCheers

]]> b16168a55a50aa6aa5cb4a59e08c056e https://www.propertyinvesting.com/topic/4386616-cash-flow-capital/#post-4553724 Thu, 14 Jun 2007 02:44:46 +0000 How does one list a property with them? Being an owner seller I am trying to advertise my cashflow positive house in as many places as possible for as little as possible expense!TIA

]]> 35626522151c4bb23efda59baf341b31 https://www.propertyinvesting.com/topic/4389902-singleton-nsw/#post-4569221 Thu, 14 Jun 2007 02:25:58 +0000 Yes, look at Singleton Heights or The retreat or hunterview (all in Singleton)

]]> ad0c123e46a477535736255c4e80d037 https://www.propertyinvesting.com/topic/4389902-singleton-nsw/#post-4569219 Thu, 14 Jun 2007 00:28:39 +0000 Singleton used to be reasonably priced, not any more due to mines and being a mining town. Rents are very high though for same reason. That being said I personally would expect Singleton to crash soon, not only because of the recent flood, but because mines are opening up more out near Narrabri and there was a heap of mine job losses recently. I…[Read more]

]]> db0f81e46619c49dcde6cf9a959c3fdd https://www.propertyinvesting.com/topic/4389904-toowoomba-property-market/#post-4569228 Thu, 14 Jun 2007 00:21:53 +0000 Not too experienced, But yes the water is probably an issue right now, that coupled with the fact Toowoomba had it's 'boom' about 2 years ago.We recently sold our house there for 20K less than market value, was not impressed but had to sell in a hurry. Rentals are rather easy to come by, ours was a nice spacious brick 4 bedroom and rented for $240…[Read more]

]]> 237a0bc86bc5eebbef2393b5fe114a48 https://www.propertyinvesting.com/topic/4389843-help-needed-re-wraps-or-rent-to-buy/#post-4568991 Thu, 07 Jun 2007 02:24:56 +0000 just thought i'd add a link to the house that has rent to buy interest (also has another family viewing this weekend, so hopefully they will make an offer anyway) any idea on a better way to market it even! It is on ebay, oztion, and some owner sellers sites, this is just my personal webspace to get more photo's and descriptions on it. http://membe…[Read more]

]]> 9237eed44afee28c2fda385bcf3435c2 https://www.propertyinvesting.com/topic/4389819-have-signed-a-contract-but-having-second-thoughts/#post-4568879 Tue, 05 Jun 2007 09:18:07 +0000 Did the seller do the reno's? If so, obviously they did them to re-sell at a profit, what they paid 7 months ago has n othing to do with sale price today. 1 Man had the nerve to ask me what I was willing to accept for my 148K property 'seeing as though I only paid 110K for it' I thought that was extrememly rude as we bought it over 5 years ago and…[Read more]

]]> 6165ecc5849fccda808914549049e118 https://www.propertyinvesting.com/topic/4389485-selling-agent-agreement/#post-4567200 Fri, 04 May 2007 00:39:32 +0000 Well I called the real estate and she was fine with letting us out of the agreement. 10 Minutes after I faxed off my letter I got a conditional offer on the house!!!! The buyer is sending a holding deposit today because I said I wouldn't commit to his offer if he might change his mind when another party is also very interested as he won't be…[Read more]

]]> d4bcfc543fb78943cc204a9ed71fcd53 https://www.propertyinvesting.com/topic/4389485-selling-agent-agreement/#post-4567199 Thu, 03 May 2007 12:09:37 +0000 My husband was still in QLD and I was in NSW, he did know we had the house on the market, but I doubt he would have agreed to give them exclusivety again and for that long

]]> a35d2f187bb78d888bc4e5f1f39c0427 https://www.propertyinvesting.com/topic/4389485-selling-agent-agreement/#post-4567198 Thu, 03 May 2007 12:02:17 +0000 Thanks,I might give them a call tomorrow and tell them that I want to cancel and take it off the market with REA's for 6 months and if I can't sell it by myself in that time I will re-sign with them, do you think they would go for that? Maybe if they know it's not going to another agent they may be O.K with itWhat about the fact my husband hadn't…[Read more]

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