[SonjaMember@sonjaJoin Date: 2004Post Count: 338]

January 16, 2005 - 2:11 am

Hi Derek,

“Snap!”

[SonjaMember@sonjaJoin Date: 2004Post Count: 338]

January 16, 2005 - 2:09 am

Hi Jess,

Just to the right of “edit” at the top of your post there is “delete”…

I haven’t used it myself but I’m pretty sure it will be easy from there.

Kind Regards,
Sonja

[SonjaMember@sonjaJoin Date: 2004Post Count: 338]

January 16, 2005 - 1:40 am

Hi Julian,

I think the point was that if you want to “trade in” your partner every time they don’t agree with your ideas then you may find it hard to develop a deep emotional connection to someone. It has been my experience that nobody is perfect. I have never come across anyone that shares exactly the same thoughts, values, priorities, or interests. I believe that if you are seeking this ideal without comprimise then the odds are that you will be alone (and perhaps lonely?) in life.

That said…

My husband has complete confidence in me and my investing ideas which is a bit scary at times as there is none of Michael’s “voice of reason” to make me stop and think.

Sadly, on the other hand he has absolutly no confidence in himself (a result of his beeing brought up in a toxic family) to reach anything greater than his PAYE income. Even in that field he dosen’t have the confidence to take on further education in order to be promoted. He doesn’t believe he would pass the course. He doesn’t believe he’d be able to understand what is required or come up with creative enough ideas to be a successful investor. Although at one stage about a year ago he was doing well with options trading, a single (rather large) loss caused him to decide that he wasn’t able to succed at that either. Despite my pointing out the fact that he had made a nett profit despite the evil NAB loss he has not made a trade since.

We have been married for just over five years and I’m slowly (very slowly) seeing him develop a sense of self-worth and the ability to trust his own judgement.

That is why I’m alone with my property investing. I’m just hoping in time that will change. If not then that will be OK too. I’m luck to have my husband as my partner in life – having him as an investing partner would just be a bonus. I haven’t always felt this way though and initally was very frustrated with him. Reading this thread has just made me think about how unproductive that actually was. Thanks to everyone!

Kind Regards,
Sonja

[SonjaMember@sonjaJoin Date: 2004Post Count: 338]

January 15, 2005 - 10:01 am

Hi and thanks for the replies.

I didn’t think of the OH&S side of it but I was pretty sure it shouldn’t be my problem. The agent says to give it a few days and see how it goes as there is (according to her) very high humidity ATM. Not so sure myself as our neighbour’s A/C is working fine. I’ll give her the benefit of the doubt and see what happens over the weekend – like I have a choice now anyway. I’ll give an update on Monday.

Kind Regards,
Sonja

PS I downloaded the manual from Celair and apparantly it is supposed to be professionally serviced a couple of times a year or the warranty is void… Here’s hoping the owner dosen’t need that warranty.

[SonjaMember@sonjaJoin Date: 2004Post Count: 338]

January 11, 2005 - 10:55 am

My parents recently took out a reverse mortgage with CBA. All well and good for what they wanted but the terms and conditions say that you are not to use the funds to purhcase other property. I guess you could live off the reverse mortgage and invest the pension? But does the reverse mortgage then become classified by Centrelink as income?

More questions than answers here!

Kind Regards,
Sonja

[SonjaMember@sonjaJoin Date: 2004Post Count: 338]

January 11, 2005 - 3:09 am

A matching pair. One straight after the other.

“Snap!”

[SonjaMember@sonjaJoin Date: 2004Post Count: 338]

January 11, 2005 - 3:02 am

Hi Karl & Rita,

I have come to the conclusion that most banks are basicaly imcompetent. They seem to stuff up all sorts of things all the time and in my personal experience it always seems to be in their favour. Not so long ago I was hopping mad with the bank and after a number of fruitless phone calls I went to the banking ombudsman. Now that got results!

Kind Regards,
Sonja

[SonjaMember@sonjaJoin Date: 2004Post Count: 338]

January 11, 2005 - 12:31 am

Hi Lalonga,

Try looking in the yellow pages (for the area local to your block of land – cheaper if you don’t move the house too far) under “House Relocation Services”

The local council will also have a lot of info about getting the development approval. I think you will find that they will require you to get your owner builders license (if you intend to live in the house) or have a licensed builder on your team (if you are doing it purely as an investment to either sell or rent out).

Kind Regards,
Sonja

[SonjaMember@sonjaJoin Date: 2004Post Count: 338]

January 10, 2005 - 1:25 pm

Hi Jenwren,

In a word… YES!

I’ve only been around here since April but you are one of the most generous with specific info that I’ve seen. Not just in this thread either.

Kind Regards,
Sonja

[SonjaMember@sonjaJoin Date: 2004Post Count: 338]

January 9, 2005 - 7:13 am

Depends on the particular council and the situation. I’ve never actually gone looking for these sort of deals but an agent once told me about a house that the council asked him to sell off as the owner hadn’t payed the rates for many years. The owner was an elderly lady in rather unfortunate circumstances. When he reported back to the council they decided to leave her there and worry about the rates out of the estate when she passes away.

Still, it may be a way to secure a good deal so long as there are not too many people looking to buy the same bargain. I’d also guess that these sales would go to auction in same way as when the bank reposseses a property in default.

Regards,
Sonja

[SonjaMember@sonjaJoin Date: 2004Post Count: 338]

January 6, 2005 - 12:08 am

Hi CK and welcome!

I’m assuming that this is the secon edition of the thread you accidently deleted

You said that the one reply that disappeared with the original question was from Mortgage?Someone? I’ll take a guess that it was Mortgage Advisor (Robert).

I’m not too sure about Housing Dept regulations but I think that with a deposit of 70k you should be able to get some sort of loan to but the place. Then use the equity to start investing. Just an option that sounds reasonable to me.

Regards
Sonja

[SonjaMember@sonjaJoin Date: 2004Post Count: 338]

January 5, 2005 - 2:06 pm

Sorry to rain on the parade but I’m quite sure Ms Oldchick will not qualify for the FHOG. I say this because back in 1991 I bought a house that I shared with Mr Wrong for only a couple of weeks. That was enough to make sure that Mr Right and I now miss out on the FHOG even though he had never owned any real estate before. No use weeping, just find a way to keep moving forward. Heaps of people get the FHOG and never get as far as we have (and that’s not far at all… yet).

Ms Oldchick you are on the right wavelength, you need to find a slightly different or off-centre approach in order to fast track your investing career (as do we all). Clear your debt if you can do nothing else. Consider this a compulsory learning period. Keep on reading and posting here. Also consider books, seminars etc. Talk to a good mortgage broker (or a couple of them until you find one that understands your needs) and sort out exactly where you stand regarding finance. Your broker will also tell you what you need to do to help your future finance applications. Michael is right, more specific questions will give you more specific answers.

I have no doubt that you can achieve great things in a short time with property investing. The Mappers (see Steve’s new book) achieved amazing results in only one year. Best of luck to you.

Regards,
Sonja

[SonjaMember@sonjaJoin Date: 2004Post Count: 338]

January 5, 2005 - 12:26 pm

Just personally, if it was mine, I’d hang on to it. You are right that there wouldn’t be much left in the sale for you. Not only commission and legal but taxes will eat into your potential profit. Maybe some minor renos to increase rental return and value of the property. That’s just the way I see it.

Regards,
Sonja

[SonjaMember@sonjaJoin Date: 2004Post Count: 338]

January 5, 2005 - 12:32 am

Goodmorning All,

I got hubby to take the test and haha he is a Black Knight too (although he tells me he should have been a Benevolent Ruler). So here is the description:

Your distinct personality, The Black Knight, might be found in most of the thriving kingdoms of the time. Your overriding goal is to win. You approach each task or situation as a contest to be won strategically and efficiently. Because you can control your feelings, it is not unusual for you to charm, as well as successfully delegate tasks and responsibilities to the more emotional types. You are often concerned with what’s in it for you. You seldom involve yourself in activities where you can not foresee a reward for your investment or effort. On the positive side, you can be analytically empathic and logically persuasive. On the negative side, you may be unemotionally manipulative as well as impulsive. Interestingly, your preference is just as applicable in today’s corporate kingdoms.

Guess it does sound like we could be a kinda nasty pair but of course we only have the positive qualities

Cheers,
Sonja

[SonjaMember@sonjaJoin Date: 2004Post Count: 338]

January 4, 2005 - 1:49 pm

Very interesting!

Turns out I’m a Black Knight… My husband says that sounds bad. Now I’ve got to get him to take the test too:)

Cheers
Sonja

Oops just realised that I didn’t post the full description as others did and I think it’s gone now… perhaps another Black Knight will. Sorry guys.

[SonjaMember@sonjaJoin Date: 2004Post Count: 338]

January 3, 2005 - 2:08 pm

No need to apologise:) If you have a genuine question I believe that most people will be willing to try and help. I agree with Byronent that if you are looking to seperate the land and sell one block but keep the other then two seperate loans seem the logical way to go.

Regards,
Sonja

[SonjaMember@sonjaJoin Date: 2004Post Count: 338]

January 3, 2005 - 1:52 pm

Hi rickm,

I’ve got to admit that I read your post and decided to just keep an eye on it as I had no idea what you were saying. I thought it might just be me but after brahms post I thought I’d ask:

1) What is the purchase price you are actually paying?

2) I’m assuming you are going to build another house. If so what is the cost of this?

3) Potential value of the whole property after development ie two seperate but adjacent blocks, one with an established house and one with a newly built house. This is made up of a) the established house on one block and b) the newly built house on the other block.

4) Total rental income. This is made up of rent from a) the established house and b) the newly built house.

5) Where does the 100 p/w to “prop both properties up” come from?

6) What were you actually proposing to do with the property? I think you might want to keep the block with the established house as a buy and hold investment and sell off the block with the newly built house. Am I on the right track?

Kind Regards,
Sonja

…OK I see you’ve changed your original post while I was typing. I’ll read it again and rethink…

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January 3, 2005 - 8:35 am

Hi Paul,

It is hard to comment without knowing who is presenting the seminar. If it is someone reputable then I don’t consider the price excessive. On the other hand if it is just some fly-by night scam artist then it is a complete rip off. If you’d like to give us a name I’m sure there will be people here who have some knowledge of the presenter/s.

Regards,
Sonja

[SonjaMember@sonjaJoin Date: 2004Post Count: 338]

January 3, 2005 - 8:22 am

Hi Bonnie,

I’d recomend at least contacting Archicentre http://www.archicentre.com.au

Regards,
Sonja

[SonjaMember@sonjaJoin Date: 2004Post Count: 338]

January 3, 2005 - 5:30 am

Hi Robin,

You’d better be careful or you might find that inbox clogged with offers from fourites here

I’d subdivide and sell the blocks off myself if I could afford the costs involved. Otherwise I’d accept the 1.75M offer (or perhaps negotiate for 10% or a shorter settlement) and move on to other investments.

Regards,
Sonja