A variation is something that has occured after you have signed the contract, if it is in the contract it should be already listed and priced in the contract. Say you wanted the driveway done in the price, it would be in the contract when you sign it, including the builders % charge. If you want the driveway done after you sign the contract it…[Read more]
The whole idea of HWI is if the builder dies, goes broke, retires that the insurance company will have the problem fixed. Thats what I thought, if not what is the point in having it.
I could be wrong though?
It is a good question? Are you a retiring builder?
Could you go into a bit more detail about your thoughts on using equity in PPOR to buy more IP’S.
What should you do if you have equity but no deposit?
Doesn’t the bank own your PPOR if you have a mortgage anyway?
Won’t all it take is a interest rate rise next week or next month to slow the spending down. Interesting to hear that in the retail secta the first business to slow down are the mens clothing shops, maybe we should be asking them how things are going?
If rates do go up and there is is the big R won’t those with the most debt be hit hardest good…[Read more]
1. Love my plasma and austar box especially during football season. Cheaper than eating out and going to the movies can’t do it anyway with 2 little kids.
2. Why pay upfront when you can get 4 yrs interest free, i know you pay more but over 4yrs? Especially when self employed money can be used in other areas.
3. Nothing wrong with a car lease if…[Read more]
I would hang in there until the kids finish school, tighten the purse strings pay down the PPOR, maybe another IP, then see how things look. Then again i am not you. All said and done i would do what is right for my immediate family. The rest of my family and friends can all take a running jump. As far as Private schools go i was not keen when…[Read more]
This is what happenened with the last IP we sold, had it on at 245k, 2 weeks in 2 offers 1 from people buying PPOR for 241k, 1 from investor 240k, silly me takes the 241k, the agent lets them fiddle around with inspections/finance for over 3 weeks. When i gave them a dead line to exchange they pulled out on that day. In the mean time the tenants…[Read more]
Sorry to hear about your predicament, although you will only lose 75k if you sell, can you afford to neg gear it and maybe rent something cheaper? Most people that bought a PPOR in 04 would be in the same boat if they were to sell now. We are building a new PPOR and for sure the valuation would be less than what is has cost us but we are…[Read more]
If the old place is not worth a reno, i would live in it while you build a new one at rear, then move into it ,then move or knock down old one, build another new one at front, sell new one at rear and move into new front one.
He has a great little book called You need a Rocket, i sent him a email asking where i could buy it and he sent it to me for free which was pretty impressive, not so much about property but taking action, well worth the read.
We prefer to use Aussy made, if you give the customer the option they usually choose the Aussy unless their is a colour they like better in the canadian. the vinyl is thicker and the trims are stronger plus if you have a problem you can go direct to the manufacturer in sydney, canadian is imported by a distributer and could be a drama if…[Read more]
There is a couple of better quality Australian made vinyl claddings available.
Most people clad their home because they don’t want to keep painting it. Depends on the condition of the w/boards but i have clad w/board homes for not much more than the cost to paint. everyone has their opinion, we have clad over 1300 homes in the last 13 years and…[Read more]
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