Originally posted by hmackay:
How would you feel if your landlord was to hit you with a 15% increase.

I would feel OK with that, but I’m only one person, hence putting it to the forum

Perhaps the tennant has been getting cheap rent.

She has. She will still be getting cheap rent after the increase. Please see initial post.

Terry’s suggestion…[Read more]

I think they may mean “permanent part time” which is secure employment and just like permanent full time except less hours. Casual, as you say, is not secure whether its part time or full time hours.

I can see how being permanent, whether it’s full time or part time, is fine for borrowing money, but I don’t know about casual.

Maybe one of the…[Read more]

Hi Kit Kat
Is your boyfriend Mitcheos? Check this thread in any case: https://www.propertyinvesting.com/forum/topic/18280.html

Hi Mitcheos

There are some lenders from whom you can borrow on a lo doc basis and have it revert to a full doc situation when you are able to meet the criteria.

Macquarie, for one, do this but i’m not sure about borrowing 90%.

Thanks Ozi
I don’t actually mind if she moves out. I’m just concerned about not asking something unreasonable of a person. I manage the duplex myself and rented out the other side recently for $125 (which is standard in the area for a duplex) I had so many phone calls about it, someone even offered to pay $150 with a $900 deposit, and a fake…[Read more]

Hi Jaypee

Yes, if you want to eventually own the house, you just pay off the principle.

Investors don’t tend to do that though as they are interested in getting the best returns from their money. That’s why you borrow in the first place.

Think about the return you would get from owning a house outright. If it’s your $300,000 in the house,…[Read more]

Hi Jewel

How about an update? Did you give a one dollar deposit?

Hi Ninie

Consider this. Say you bought a house 20 years ago for say $60,000, you borrowed 80% or $48,000. You only pay the interest on the loan, not the pricipal. Today, you still owe $48,000 but the house is worth $300,000 and you get $350 a week in rent. Although you haven’t paid anything off the principal, it has decreased relative to the…[Read more]

Is Rich Dad really a fictional character? I saw RK in an interview one time talking about him. That’s a little disturbing.

Santa’s still real though right?[eh]

I had a strange situation recently on a contract where I didn’t want to put down a huge deposit. The REA wrote down that I would pay $500 or whatever deposit on exchange of contracts and 10% deposit payable at settlement. Apparently this would make the vendor feel better about it since they are getting a 10% deposit. Maybe they’re supposed to…[Read more]

A standard contract is always “subject to building and pest inspection”, so if you haven’t already, you might consider signing a contract on the property and then negotiating the price or pulling out after you get the building report. This will a) stop you spending $300 on an inspection only to have someone else buy it in the meantime, and b) put…[Read more]

Dazzling, what an inspired post. How truly intelligent you are! [grad]

Hi Winterpeg

I just did a quick search and found these 2 forums which may be a place for you to start.

http://www.servenet.com/reforum/

http://www.realestatediscuss.com/

This forum was started by an Australian which is probably why most of the posts are from Australia. I’m sure you’ll find something similar for Americans.

But now that you’re…[Read more]

Thanks Coasty

If you’re buying, try Lance Baxter at Baxter’s real estate. IMO, he seems to underprice properties. If you’re selling, Paul Markwell at Realway seems to be very professional and relatively ethical.

Depends a lot on what your goals are. What do you hope to acheive by buying this property? Is it an IP or PPOR? With that in mind, you’ll be better able to work out whether or not it’s a good one. Look at the rental return, BC fees for a flat, rates, location (is it inner city or further out). How long do you expect to keep it? Give us some…[Read more]

Another option is to find a good property for around $100,000 that’s cash flow +ve or neutral. $25,000 for deposit plus costs. Leave it with a good PM. Put $15,000 in a redraw or offset account to reduce the interest you’re paying, and go overseas with $10,000. I spent about about that much during 6 months in Europe (backpacking). Keep in…[Read more]

You can try http://www.diyhomesell.com.au and/or http://www.privatelisting.com.au to start with. Also do a search on this forum under “private sale” for some tips.

You might find that a good REA will get a better price than you could yourself that will cover his/her own commission. The trick is to find a good one. You can also sign on an agent as “sole…[Read more]

Go to the site below and you’ll find you can do a search based on the address of the property. You’ll need to pay (about $12 or so).

http://www.confirm.com.au/citecConfirm/index.shtml

I used this site when I did my own conveyancing on a property I bought.

Lol, then where did you see it? Buying a property requires a contract of sale, so, yes it’s pretty common. Why don’t you have a look at http://www.realestate.com.au ? You’ll see a few of the properties advertised there are under contract.