Total Members: 158,520

sydey99

  • sydey99 started the topic Ownership structure between brothers in the forum Legal & Accounting 4 years, 7 months ago

    We have 2 free standing houses on 850 m2 land(NSW) and we(2 brothers) bought it as joint property having equal ownership share of 50% each, registered as Tenancy in Common.
    Now me(already got exposure to $5 Million property Portfolio) and my brother(1st Property – 1.5 Million as Joint Property) want to purchase another property separately, but the…[Read more]

  • sydey99 started the topic Ownership structure between brothers in the forum Legal & Accounting 4 years, 7 months ago

    We have 2 free standing houses on 850 m2 land(NSW) and we(2 brothers) bought it as joint property having equal ownership share of 50% each, registered as Tenancy in Common.
    Now me(already got exposure to $5 Million property Portfolio) and my brother(1st Property – 1.5 Million as Joint Property) want to purchase another property separately, but the…[Read more]

  • sydey99 replied to the topic Expired IP Loan Situation – Please help in the forum Help Needed! 5 years, 8 months ago

    I thought Westpac is Lucky :)
    Reported 1 issue and they failed to respond with proper analysis then raised 12 issues and they fixed the root cause problem

    Unfortunately instead of westpac staff explaining us the product and services, we have to explain each and every step in the workflow

  • sydey99 replied to the topic Expired IP Loan Situation – Please help in the forum Help Needed! 5 years, 8 months ago

    I thought Westpac is Lucky :)
    Reported 1 issue and they failed to respond with proper analysis then raised 12 issues and they fixed the root cause problem

  • sydey99 replied to the topic Expired IP Loan Situation – Please help in the forum Help Needed! 5 years, 8 months ago

    Hi Terry, Westpac replied today with the following options

    The loan extension / loan variation options available to you are as follows;

    1. Letter of variation to be issued for your loan to be renewed for 22 years Principal + interest repayments

    2. Letter of variation to be issued for your loan to be renewed with an further 2 year…[Read more]

  • sydey99 started the topic Full Stamp Duty Rebate in NSW in the forum Help Needed! 5 years, 8 months ago

    Full Stamp Duty Rebate in NSW

    Hi Guys,
    I am thinking of selling my property with an offer of Full Stamp Duty Rebate to Purchasers / investors after settlement, is it legal to offer stamp Duty Rebate or Cash Back to purchasers after settlement?

  • sydey99 started the topic Full Stamp Duty Rebate in NSW in the forum Help Needed! 5 years, 8 months ago

    Full Stamp Duty Rebate in NSW

    Hi Guys,
    I am thinking of selling my property with an offer of Full Stamp Duty Rebate to Purchasers / investors after settlement, is it legal to offer stamp Duty Rebate or Cash Back to purchasers after settlement?

  • sydey99 replied to the topic Expired IP Loan Situation – Please help in the forum Help Needed! 5 years, 9 months ago

    Thanks Terry for all the inputs. Will raise the complaint once they conclude the investigation

  • sydey99 replied to the topic Expired IP Loan Situation – Please help in the forum Help Needed! 5 years, 9 months ago

    if the loan ‘expired’ in 2015 then you would have been required to have repaid it at this point, now you would be in default.

    if i was in default, why bank has not contacted me?
    I have been making my monthly payments as direct debit

    Can you service the loan if you would have to apply again?
    – No, Family situation has changed and will not be…[Read more]

  • sydey99 replied to the topic Expired IP Loan Situation – Please help in the forum Help Needed! 5 years, 9 months ago

    Thanks Terry, will try to get the copy from the bank.

    But Bank failed to inform me as per issues 4,6 & 7.
    If Bank has communicated, issue has resolved with out any issue back in 2015
    Because of bank failure, why should i get in to this situation?

  • sydey99 started the topic Expired IP Loan Situation – Please help in the forum Help Needed! 5 years, 9 months ago

    IP Loan Situation

    1. Westpac Expired IP Loan– 5 years term and expired
    2. Bought IP in 2010 and got the IP loan from Westpac
    3. When we applied for the loan, we never requested loan term but bank issued the loan for just 5 years
    4. Loan expired in 2015
    5. We are still making IO repayments without any issue as a direct debit arrangement
    6. The b…[Read more]

  • sydey99 replied to the topic Back from living/investing in USA for past 7 years. Ask Me Anything in the forum Overseas Deals 6 years, 10 months ago

    @dhillon2, Thanks for answering most of the questions.
    Can you please refer people you have used.
    business plan – Can you please explain more on this? is it similar to having a goal to reach income and having a plan to achieve or something different? always Love to learn new stuff

  • sydey99 replied to the topic Back from living/investing in USA for past 7 years. Ask Me Anything in the forum Overseas Deals 6 years, 11 months ago

    Hi Dhillon,

    Sorry if I am asking the same questions asked by others, kindly excuse and point me the right links.

    This is a great area to gain a lot of knowledge.

    I am from Sydney and planning to buy an investment property in Texas or other states but not sure where to start.

    Below are the list of questions:

    1. How to open US bank account…[Read more]

  • sydey99 replied to the topic Insurance claim lost for loss of rent – Please help in the forum Help Needed! 7 years, 7 months ago

    $275 per week

  • sydey99 started the topic Insurance claim lost for loss of rent – Please help in the forum Help Needed! 7 years, 7 months ago

    EBM Insurance company Reply:
    The documentation supplied establishes the tenant fell into arrears immediately after occupying the property in August 2014. Multiple Termination notices were issued between September 2014 and November 2015. Despite the tenants consistently remaining in arrears and never becoming up to date, termination through the…[Read more]

  • sydey99 replied to the topic New Kitchen Advice in the forum Help Needed! 10 years, 7 months ago

    Hi Jamie,
    I am based in Sydney South.

    Thanks,
    Raj

  • sydey99 replied to the topic Determining reno costs at time of inspection in the forum Value Adding 11 years, 2 months ago

    Thanks Catalyst for the detailed information. Will you help out Renovation projects in Hunter area 

  • sydey99 replied to the topic Determining reno costs at time of inspection in the forum Value Adding 11 years, 2 months ago

    Hi Catalyst,

    Can you please provide some sample breakdown of cost for your Reno including labor costs. Also tell us if this cost is going to be UP or down, if we do the same thing in regional NSW like Hunter region or other places. assuming your Reno is in western Sydney.

    Thanks

  • sydey99 replied to the topic National RP Data subscription with Investor Group in the forum The Treasure Chest 11 years, 2 months ago

    HI Matt,

    Thanks for posting this…i am looking for similar tool just for investors….

    Contacted lots of Agents and Company's if they can provide me the access to gain this  important information but no one has given me the solution or if they have provided then the solution was expensive :)

    hope you got a sweet deal and we all can share the…[Read more]

  • sydey99 replied to the topic Build cost for Granny Flat? in the forum General Property 11 years, 8 months ago

    I know a guy who is doing all up around 60k in western sydney.  he is building on our property in Mt Druitt & Blacktown. if interested you can look at our granny flat after completion and decided if you want to go with him.

  • Load More

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