Sparkys replied to the topic I’ll huff and puff and take your home away in the forum General Property 12 years, 6 months ago
My question is who owns the home that the third little pig lived in? A smart investor, that's who.
Sparkys replied to the topic Bankwest Premium Home Loan in the forum Hi NSW2011,
I cannot offer 13 years, 1 month ago
Hi NSW2011,I cannot offer you professional advice like Richard can, but I can offer you personal experience with Bankwest with the same product you are looking at.I applied for the a 100% offset loan to replace the loan I had already. I applied for the loan on the 13th December 2010 and it was only settled on the 8th of March 2011 which is a three…[Read more]
Sparkys replied to the topic Becoming an REA – training for investment purposes in the forum General Property 13 years, 1 month ago
Thanks for the input everyone.It's given me a few different things to follow up, which I will now.Cheers
Sparkys replied to the topic Anyone investing in Gagebrook in the forum http://www.realestate.com.au/ 13 years, 2 months ago
http://www.realestate.com.au/property-unit-tas-gagebrook-106892093I watched the link above for a while. I didn't buy but it's under contract now. What are people's thoughts on it as an IP?I didn't buy because I couldn't come to terms with the area. Googling Gagebrook brings up "Gagebrook shooting" where one of the residents let loose with a…[Read more]
Sparkys replied to the topic Beach front land less than $90K!!!!!!!!!!! in the forum General Property 13 years, 5 months ago
Hi Mikey,I'm not suggesting that it's not a great place, I've enjoyed holidays there myself and the fishing is great!However I think it's only fair to tell people that it is an island and that the ferry is expensive. It cost me over three hundred dollars to get there and back (two people one vehicle) last time I went, which is quite expensive for…[Read more]
Sparkys replied to the topic Beach front land less than $90K!!!!!!!!!!! in the forum General Property 13 years, 5 months ago
As a local to the area people need to be informed that this is an island with vehicle access only provided by an overpriced ferry!
Sparkys replied to the topic Buying the second IP in the forum Finance 13 years, 5 months ago
Ah, that makes a lot of sense! Thanks Richard
Sparkys replied to the topic Buying the second IP in the forum Finance 13 years, 5 months ago
Qlds007 wrote:
I would have suggested interest only with a 100% offset account from day 1 to preserve the deductibility of the interest and also to give you flexibility.
What do you mean by this Richard? How does this provide flexibility and how is the deductability of interest preserved? Also, with an IP in this situation then the only value…[Read more]
Sparkys replied to the topic Renovation value after completion in the forum Value Adding 13 years, 5 months ago
IP Freely wrote:
Sparkys wrote:
Most real estate agents are happy to provide you with a list of past sales data in the area.
If I had a crystal ball, I would also provide future sales data as well.
Heh, if you could do that I'd have to wonder if you were a directing member of the RBA!
Sparkys replied to the topic Renovation value after completion in the forum Value Adding 13 years, 5 months ago
Most real estate agents are happy to provide you with a list of past sales data in the area.Get this list, type it all into Excel (as they will usually provide it in pdf format), do some charts comparing actual sale price to fields like year built, extras added, bedrooms, bathrooms, location etc and determine the sales trends.Go visit some of the…[Read more]