PropertyInvesting.com | OttoDargan | Activity https://www.propertyinvesting.com/members/ottodargan/activity/ Activity feed for OttoDargan. Sun, 12 Apr 2026 06:09:29 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 07ea175fab7cf0cbdcb6b783a1eb03a7 OttoDargan replied to the topic ozzie investing in NZ..Question? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366065-ozzie-investing-in-nz-question/#post-4417315 Fri, 13 Jun 2003 04:58:16 +0000 Yes you can borrow against a property in Aus to get a deposit to buy in NZ… However the loan on the property you buy should be in NZ dollars and be done through an Aus company who can lend in NZ or by a NZ company. This way you don’t get hurt by currency movements.

Good luck!

Otto Dargan
Home Loan Manager
Mortgage House Five…[Read more]

]]> c9b05b72bf6de8ee88f474f2368fdb8e OttoDargan replied to the topic Hidden Costs in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365883-hidden-costs/#post-4416269 Wed, 11 Jun 2003 02:09:27 +0000 Hi Adam,

The 5% rule is great, but if you want to break it down further here is how it usually looks…

Loan application (inc valuation): 600
Legal Disbursements: 150
Registration of mortgage fee: 124 (Gov charge)
Settlement fee: 100
Borrowers solicitor: up to 1500
Mortgage Stamp Duty: $5 + ($4 for every $1000) borrowed over $16,000)
Stamp Duty:…[Read more]

]]> 2d007fd7ffa44855809317ef5af63c62 OttoDargan replied to the topic regional nsw in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365835-regional-nsw-2/#post-4416100 Fri, 23 May 2003 05:23:06 +0000 Hi Banner,

I saw some properties out at Wagga Wagga that had a 13% return which is cashflow +, although not very. This was a block of 4 units for $140,000. This is offset by growth of around 2 -3%pa. A few towns had good rentals, Junee I heard was pretty good (they just build a jail there which has increased demand??? or so I heard).

Don’t…[Read more]

]]> 79d3dda9a7e03b7e64a2dec3265b00d8 OttoDargan replied to the topic Question on Joint Ventures? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365653-question-on-joint-ventures/#post-4415288 Fri, 02 May 2003 05:07:02 +0000 Hmmmm. Its rare that a customer (even with 5+ IP) actually knows how the loan is being submitted. Often I have refinanced a loan that was submitted by a different lender that the customer thought was a car loan secured by their car but was infact “Misc investment purposes” secured by their house so that the bank would accept it.
With this in…[Read more]

]]> 147e5fdaac6896636ae143f2291b3a5d OttoDargan replied to the topic Property Investment Companies... any experiences? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365286-property-investment-companies-any-experiences/page/2/#post-4413531 Fri, 02 May 2003 02:04:32 +0000 I’m sticking to my guns!

There are good companies out there! I completely agree that most are shonks. I don’t think anyone can disagree with that!

Its hard to find good ones. Usually the bad ones have an extencive network where everyone is in on the scam. All you need to do is get an independant valuation and all is revealed! The people in…[Read more]

]]> f77423b44e7bdfc76313e7db8397fd96 OttoDargan replied to the topic due diligence ? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365637-due-diligence-2/#post-4415209 Thu, 01 May 2003 02:32:25 +0000

quote:
Thanks for the reply, Dave.
Any idea of a 3rd party company who can does a
quality DD on potential wrapee, short of going for
a realestate agent ?

Thanks
MCW

Why not do it yourself? Look at the application forms for various lenders, they have all the questions that you should be asking the person. The more declarations the better!
Are…[Read more]

]]> 6542e1ecc5e2104af6bcabd806749ef5 OttoDargan replied to the topic comparable sales data in the forum No Subject https://www.propertyinvesting.com/topic/4365638-comparable-sales-data/#post-4415215 Thu, 01 May 2003 02:18:51 +0000 Hi Everyone,

Valuers are faced by this problem aren’t they? I did a Real Estate course with Tafe a while back and they had access to a Land Title office database which could spit out ALL the sales for the last 12 months for a suburb or for a “2km radius” from the property selected. I think there is a cost to subscribe to this database. Most…[Read more]

]]> 0031827c8aed116c67b9665729d39860 OttoDargan replied to the topic Property Investment Companies... any experiences? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4365286-property-investment-companies-any-experiences/#post-4413527 Wed, 30 Apr 2003 04:55:48 +0000 Hey Everyone.

I also work for a major lender and I have seen some good and some bad investment companies. The best way to protect yourself is to get an independant valuation. This costs $200 – $300 and will be written to you with your name on it. This means if you then buy it and find out you got ripped off for $20,000 you can sue the valuer.…[Read more]

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