HI Kija,

How much is the ongoing strata and also does the complex have a pool or lifts?

Also if you are concerned it may be worthwhile for you or your solicitor/conveyancor to talk to the strata manager. I had one case the the purchaser spoke to the Strata Manager and he stated that they are planning to remove a tree within a complex in 6 months…[Read more]

Marlyn looks after Toongabbiee as well – its only a few minutes away.

Regards

Shahin Afarin – Property Finance Consultant
http://elitepropertyfinance.wordpress.com/

j21 wrote:

TheFinanceShop wrote:

j21 wrote:

TheFinanceShop wrote:
Hi Kate, You can either cross securitise (i.e use the equity in other properties which you own) or you could possibly take out a personal loan to cover the deposit and stamp duty. The latter option is obviously dependent on a number of things but I would need more…[Read more]

You can get a copy of the DA from the council – this includes everything from submission to determinations (approval and rejections).

To answer for first question, generally speaking, if you can do most of the work upfront such as ascertaining the DA and even CC then the more profit you will make. The interesting thing will be to make the most…[Read more]

kateej03 wrote:
Thanks for the replies. I am the same as j21 don’t have equity so would need a personal loan. Is there any kind of security required? I have seen a few loans around 15% does this sound about right?

Thanks,

Kate

Hi Kate,

You would need to get an ‘unsecured’ personal loan. Bendigo Bank have one at 13.49% and ANZ have one at…[Read more]

Hi Lila77,

I love Marlyn! I think the great thing is that she has been with the company for such a long time which in this industry is rare. You are definitely in good hands with her!

Good luck!

Regards

Shahin Afarin – Property Finance Consultant
http://elitepropertyfinance.wordpress.com

St George is an example of a lender that will lend 95% of the value of the property as long as you can come up with the 5% deposit and stamp duty. So in a case where the purchase is $300k – you need to come up with $25k. This can be by way for any type of non genuine saving such as sale of a car, gift, or even personal loan. There are certain…[Read more]

j21 wrote:

TheFinanceShop wrote:
Hi Kate,

You can either cross securitise (i.e use the equity in other properties which you own) or you could possibly take out a personal loan to cover the deposit and stamp duty. The latter option is obviously dependent on a number of things but I would need more information.

Regards

Shahin Afarin -…[Read more]

Solomon10 wrote:
I would not cross the properties. if you meet serviceability and could get it organized in a short time frame you could set up an LOC against one of your existing properties and use this money to fund the deposit and purchase costs. 

Based on an average purchase of $300k the cost of stamp duty and 20% deposit is $80k. For me…[Read more]

I think Kate is looking to borrow the total property purchase plus other costs such as stamp duty hence the cross securitisation.

Hi Kate,

You can either cross securitise (i.e use the equity in other properties which you own) or you could possibly take out a personal loan to cover the deposit and stamp duty. The latter option is obviously dependent on a number of things but I would need more information.

Regards

Shahin Afarin – Property Finance…[Read more]

Freedom Through Property wrote:
Another thing to consider when renting your property out is landlord's insurance. You should be able to find a policy for under $300/year. It will cover you for damage caused to the property by the tenant, as well as any shortfall in rent if the tenant leaves without giving you written notice. Definitely worth it…[Read more]

Hi Lila 77,I have 2 clients they used BEST in Wenty and they love the service. I have personally bought 2 IP's from Trudy Cartledge. If you are speaking to BEST – ask for Marlyn. She is hands down the best in the industry and she has been with the RL for 10 years (back when it was Starr).Having said all that, you need to ensure that the PM is…[Read more]

When emailing them – you need to state the details of the property (including the zoning, i.e. 2c, 2a, property address, etc) and also what it is they you are wanting to do with the property. At a glance they can tell you if it fits the box. Then download the DA Guidelines of the local council and read this. Then set up a meeting with the council…[Read more]

Meeting the town planner at the council is free but they generally have appointments for 15 minutes to is feels very rushed and you need to be very prepared with your questions when meeting them. Which council is this in Sydney?Also I found the town planner details – here it is: Colleen McCullum Glendinning Minto & Associates PO Box 225…[Read more]

Hi Marshes,

Thats great! I haven’t used him in a while (haven’t had many clients wanting to develop) but I will search for his details and get back to you.

Regards

Shahin Afarin – Property Finance Consultant
https://elitepropertyfinance.wordpress.com

Hi MarshesMost councils either don't provide much help or they are extremely slow in responding. You can get some quick and free advice from Town Planners (as Luke86 has recommended) however once you do engage them they are expensive. I now a very good one but he is based in Sydney – where are you based?RegardsShahin Afarin – Property Finance…[Read more]

Hi,Rendering is a far better end result than painting. However, if rendering is not done right then you will need to pay maintanence once every5-7 years (due to cracks appearing etc). I highly recommend you do not render if it is a rental property.RegardsShahin Afarin – Property Finance Consultanthttp://elitepropertyfinance.wordpress.com

Hi,Rendering is a far better end result than painting. However, if rendering is not done right then you will need to pay maintanence once every5-7 years (due to cracks appearing etc). I highly recommend you do not render if it is a rental property.RegardsShahin Afarin – Property Finance Consultanthttp://elitepropertyfinance.wordpress.com

Hi,Contact Wincrest Homes and ascertain a quote from them. I have had several clients build with them and they have been extremely happy with the 1) cost 2) time taken to build and 3) end product. RegardsShahin Afarin – Property Finance Consultanthttp://elitepropertyfinance.wordpress.com