Chan, if having a house vacant for three to six months makes the difference between making a profit or not making a profit it looks as if you may have paid too much !?

I hope you were exaggerating there ?

As far as inspections are concerned it will be better for you (and more appreciated by the tenant) if you
have all the prospects come through…[Read more]

Here are another couple as suggested by PropertyGuru in another post.

http://www.diyhomesell.com.au/

http://www.diypropertysales.com.au/

Pisces133

http://www.yourestate.com.au/

Pisces133

>>I would have been more than happy to lock my rates in for 40 years at 7%. I doubt that rates would be ‘significantly’ lower than that for an extended timeframe in the 40 year period.<<

Mel, I wonder whether you would still have the same opinion if the rates dropped to 1 or 2 or even 3% %

(Have a look at what the rates are in the US and…[Read more]

Well Betty, if you find more than one such willing lender please introduce me to the other one. []

The only such lenders readily available which I can think of are your relations.

Pisces133

>>There’s a lender called Orix that will lend 80% on non-specialised commercial property (on a P&I basis).<<

Before you start jumping up and down about Orix I suggest you first find out what interest rate they will charge.

Pisces133

Luke, you sure don’t have a lot of money to put in.

Yet …………., it may be possible with a bit of imagination and a lot of hard work. Easy ? Definitely not.

If you are absolutely convinced that the blocks can be readily be sold I would approach the owner and ask for an option so that you control the land and obtain some time to do what…[Read more]

>>The bank advances you a line of credit against which you have a chequebook or credit card. You may draw as much or as little of it as you wish. Interest is charged on what you have drawn and you may pay into it whatever you like. ie the minimum interest owed or pay it off in any timeframe you choose.<<

There are a few more conditions that are…[Read more]

So it wouldn’t really a place where you could take a young man like S.I.S., Kay. Or could you ?

Then again it may be a good place to meet prospects.
Someone may be looking for suitable premises to rent as a club house.

The worst I have done is renting a house out to a bridge club which meets three afternoons a week.

But of course I don’t really…[Read more]

The thing which appears to have been overlooked in the above posts is the fact that one virtually boxes oneself into a corner when taking a long term loan with interest fixed for the life of the loan.

Forty years is sure a long time and if ever one’s circumstances change and one wants to (or needs to) dispose of the property one may be in for a…[Read more]

Now if Property Guru has already been on the caravan trip he can give us a report now and in that case you, SIS, will be free to accompany Kay to the HellFire club. []

I am not sure but I think that is a club for people who like to hit and/or be hit with whips. Or am I confusing it with a club with a similar name ?

Kay ?

Pisces133

That was an interesting contribution Julia.

Ever so slightly diverging from the subject, does anyone has any idea what the situation is as far as CGT is concerned in the following scenario ?

Two partners (not necessarily husband and wife, I am talking about two business partners) own several properties jointly.

It is possible for partner A to…[Read more]

I remember seeing some posts that finance isn’t so easy to obtain in New Zealand.

Can anyone throw some light on this ?

Pisces133

What council does your house come under Matthew ?

I have been involved in many of these.

Pisces133

There is another advantage for wrappers to go on the bus trip.

You will meet a busload full of prospective investors, what a good way to learn another way to prospect for
end buyers to flip a property to or to find a financial partner.

At the least one will get to find out what the response rate is when advertising the way Mr Ollis does.

So,…[Read more]

>>I’m sure SIS wouldn’t employ such tactics to buy at 50% below…<<

Well you may well be wrong there Richmond.
Let me explain.

There isn’t anything that I can see inherently wrong with buying a house at a reduced value from elderly people and having an arrangement whereby they can stay in their present home at either no rent or a reduced…[Read more]

>>Sorry S.I.S., I don’t really wanna hang around a guy who rips off pensioners- or anyone, for that matter :o( I won’t be going on their tour.<<

I hope, Kay, that you are referring to Mr Ollis, not S.I.S.. []

Well that must be a real disappointment S.I.S. , no lovely company on the bus trip.

However, I detected a hint of envy in LeighK’s post…[Read more]

Well S.I.S., if Vic Ollis is able to buy properties at 50% below the proper market value then so can S.I.S. []

The thread on Somerset didn’t however go into a lot of detail so a trip to say Parkes to speak to some local agents may well be a good idea.

I would think however that they wouldn’t be open on Sundays so a second trip to Parkes may w…[Read more]

>>And the food I heard is really really good.<<

Yeh, brown beans, cheap but healthy.

>>Actually I think it will be a great trip, being able to meet some of the forum members and sharing each others thoughts, but having like minded people in the same interest…. will prove that this trip may be worth its while.<<

Two things are for sure i.e. it…[Read more]

quote:plus adding ome of the improvements requested.

ohhhhhhh my interest is perked!! (even tho Im wondering if that typo meant ONE or SOME improvements LOL)

:þ