Hi Ben,

Email me and I can tell you how to handle that situation.

jmark1@bigpond.net.au

Cheers and Happy New Year,

Pisces133

Terry mentioned small units in Kings cross.

Kings Cross isn’t a bad area to have either small units or bedsitters. I believe there is a big demand from tenants.

The only drawback is that finance is harder to find. Yes, finance can be found though most of the major lenders shy away from anything which is less than 50 sq. metres in living…[Read more]

No they wouldn’t be + geared, In fact impossible with the prices in that area.

They would only be suitable for people who are prepared to be negatively geared.
(prices in those areas vary between say $ 320-
$ 370 K for a brick 3 bedroom house.

A low deposit may not be a big deal for most people on this web site but it is for someone who has…[Read more]

Richmond, read my post literally and that is what I am talking about.

No ifs no buts, no hidden meanings, no stabs at you, I am merely saying that I am able to sell properties in say the Blacktown, Rooty Hill, Seven Hills etc area on only a few thousand dollars deposit to the right kind of person (i.e. someone who is able to service the loan.

It…[Read more]

It is about time that we start to report people who supply misleading information.

Just having a grouch isn’t going to make the phenomenon of liars, sucking innocent people in,
go away.

Take some action, report the agent who mislead you.

He doesn’t deserve to be in business to only continue misleading others as well.

Pisces133

However, (in my opinion) one cannot ‘do’ an option deal on a development site without having some upfront risk money to put in. I have the impression that many people think otherwise.

The upfront money is required to pay for the option fee, surveyor’s and architect’s fees and
council application fees etc.

I am not necessarily taking about Sean’s…[Read more]

Oh, I forgot to mention that the rates of the lender I am thinking of is 6.99% p.a. for a Standard Variable rate, up there with the mainstream lenders.

They also have a honeymoon period as well !!

Pisces133

There are lenders around who will be prepared to lend based on the valuation rather than the purchase price the moment the title is in your name.

So settle say today, the title goes into your name a week later or whatever and thence you can immediately re-apply for a larger loan based on the valuation figure.

No need to wait for 12 months or…[Read more]

>>Cheers and happy new year, even to you Peter.<<

The words ‘even to you’ really touched my heart Richmond, I can hardly talk, how charitable you really are, displaying the true X-mas spirit.

I bear no grudge against you however (as you apparently appear to think) and, yes,I did (and deservedly so) make a disparaging remark in an earlier post…[Read more]

Unfortunately, I am failing to recognise such opportunities on the various real estate websites.

I am not of course saying that there aren’t any opportunities Richmond, just that I am not recognising them.

There are opportunties but I am sourcing them in a different manner.

BTW Richmond, I do have properties for sale from time to time at market…[Read more]

Guys there is no doubt that Interest Only loans are considerably better than P&I loans.

Firstly there is nothing to stop one to make payments to the lender on one’s Interest Only loan just as if it is a P&I loan.

There are several advantages.

Firstly by paying more than is required on an Interest only loan one (usually) is able to redraw the…[Read more]

Yes I found out that they are very selitive about advertizing.So their book wasn’t to help the little people but to get richer. The book tells you go to the site to swap information on buying and selling even that you can make money from people by letting them know about property for sale. Havn’t seen any evedence of this.

Good Bye

Richmond, I am not a journalist so I obviously do not you have your literary skills so let me kindly ask you what you mean by the words
‘shoving your successes down our throats’.

I have seen plenty of posts by S.I.S.. He clearly is able to dedicate a lot more time than most people responding to posts and there is little doubt that he is very…[Read more]

Yeh, there are some funny things on that site S.I.S.
unfortunately nothing for nothing.
When I downloaded something from that site I believe that it also interfered with my computer
and changed something in my Internet Explorer set up so be careful.

Pisces133

quote:when I sign a contract as an offer to buy a tenanted house, I ALWAYS include the option to take vacant possession. That way, if the tenant is a problem, you don’t settle until the current owner gets rid of him. Otherwise, you can be obligated to settle with a squatting tenant occupying the house.

ALWAYS ???

I note from a post of yours…[Read more]

Are you for real JackFr ?

Your first post I read as you wanting to know whether it is possible to obtain a + geared property in Sydney.

In your second post you are suddenly talking about wanting to rent a property

Then you say “nobody in the inner city… was interested in leasing”.

I cannot possibly imagine that it is impossible to find a…[Read more]

>>There is still money to be made if you are willing to take high risks.<<

Terry, I bet that your client doesn’t consider whatever he is doing as ‘high risk’.

He obviously has a strategy, knows what he is doing, has a pretty good idea of what the loss is if whatever he is doing doesn’t quite work out and he even possibly expects a certain number…[Read more]

Hi Lisa,

Someone else has already brought up the problem of only owing a 1/4 share.

My thoughts are :

1. What happens if you friend doesn’t want to sell in a few years time ?

2. It will be very difficult to sell a 1/4 share if ever you wanted (or were forced by circumstances ) to sell.

3. The interest on the $ 55,000 you need to borrow (to…[Read more]

Hi all. Has everyone seen Fiona’s homepage ?

http://www.geocities.com/alfi_883/Wedding.html

Pisces133

There is absolutely no need to be licenced irrespective whether or not Bear ties up the property.

Pisces133