Total Members: 149,176

mwooding

  • mwooding replied to the topic Rent to Buy in the forum Help Needed! 7 years, 5 months ago

    Cracking response.  It took me a little bit of time to digest it.  So what you are saying is that there is a contract of sale put in place with an extremely large settlement period or there is a lapsed date that the deal falls through.  Is there also a contract for the rent or is that tied in with the contract of sale.Does B pay A anything at al…[Read more]

  • Acceptance FinanceAsk for Andrew Sanger1300 93 11 55This guy has been making money out of air for me for a while now.  He is an investor himself with property east of Melbourne. 

  • If the house is new and much the same as all of the street, then the only thing that might seperate it from the rest is an outdoor entertaing area.  Doing work internally will add little value.  I think you are probably better off spending as little as possible to make a nice outdoor area.  This will only matter really if you sell.   You need to p…[Read more]

  • Hello Rome,It is a simple equation really.  Youn can borrow 80% of the value of your property so long as your income can service the loan.  Your broker can tell you if that is ok.  There are other options if you have run out of servicabilty but speak to your broker about them.In your example you said you paid 229K for you property.  That means if…[Read more]

  • You may have misunderstood what I said. The land is not a new estate. It is a piece of land in a well established suburb. A developer has had plans drawn up with permits and is now selling the newly create block. I am not sure if I should buy the block or find a house, like the developer did, on a large block and subdivide it myself. I would…[Read more]

  • I don’t know the exact answer for you but I can tell you that most builders allow a 500mm rise or fall before charging more.

    Martin Wooding
    Quadre Property Group

  • Thanks Geo.

    I am curious as to why you don’t want to own commercial property.[cap]

mwooding

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