same as a chipper, cabinet maker, tiler and so on.

http://www.yourinvestmentpropertymag.com.au/news/mortgage-delinquency-on-the-rise-in-victoria-189535.aspx

wallan has a 30+ days delinquency rate 3.5% could be some good deals.

I also have looked in both. I’m going to kilmore next weekend.

how come you want to invest in a country town / rural area?

better outcome would be to get them to resign a 12 month lease at 20 dollars extra a week and you buy it. / they buy a cheap oil one.

in Queensland, individuals and companies must hold a QBCC licence to carry out:

any building work valued over $3,300
building work valued over $1,100 where it involves Hydraulic Services Design
building work of any value where it involves:
Drainage
Plumbing and Drainage
Gas Fitting
Termite Management – Chemical
Fire P…[Read more]

I have a friend who works at combank and he says this is the case for lower valued properties.

thoughts / experiences anyone?

see a accountant… haha

also when looking through the property how would you know all 50 stumps have to be replaced? or do you just rely on the builders report?

for more information you could have a look at…[Read more]

How much did it cost to re stump? what was involved? and how long did it take haha

I’m looking at a place atm that might need a re stump but have no idea how to do it.

also what do you do for work? are you in the construction industry?

also how do you borrow all the costs? are you just saying your buying below market value so you don’t have to put anything into it?

What i mean to say is that i’m not really interested in doing a development deal. i just want to know ball park figures because i was negotiating with the RE agent and the biggest point he had on his side of the negotiation was that the vendor is looking at putting permits in place to advertise for a developer.

RE…[Read more]

Also if there was a scenario where i wanted a 12 month delayed settlement but there are tenants living in the property and i wanted to be able to have the rent paid to me instead of the home owner for the 12 months. how would i go about wording that?

would that just…[Read more]

i was kind of hoping for that type of answer / a estimate in price / a ball park figure. because the RE agent main negotiation was that the seller is considering putting these permits in place to try and sell to a…[Read more]

I was wondering what was the norm in making an offer? i’m aware it should be written. would it be ok if i just emailed them a offer? or should it be on the contract of sale (statement 32 here in vic)

does it really matter? because if it’s via email / post it would be written right?

thoughts anyone?

and i’m pretty sure you don’t have to live in it when you first buy it to be a PPOR. as in it can be rented out at the start.

thoughts terry?

which she bought all in her own name. but for my own circumstances seems silly because after the first 10 years they will hopefully be neutral and then after 10 + years they will be cash flow so you will have to pay income tax rather then company tax.…[Read more]

why do you ask?

Cheers, Tom

I’m based in Melbourne Victoria and have no idea about developing and a RE agent said i could build 2 townshouses on this block of land which already had a property on it, was curious what costs were involved in this type of scenario and how long it would take to get permits and approvals and subdivide..

600m2 block old house at front.…[Read more]

I think my wording was a bit wrong when i said “buy” but yea thats what i thought. so he would have to show that he could service both mortgages.

Cheers, Tom

1. the seller does not live in the property.

2. there is a tenancy agreement in place ($400 a week)

all i was saying is that if the tenants living there are renting out the granny flat for cash.

could you guys see any legal problems?

like i said i would have thought that if the…[Read more]

I’m trying to buy a property cheaper then the traditional way (if possible). thus being i would save on stamp duty. wouldn’t have to get a loan and so on.

i feel that if i had a POA and the bank giving him finance for property (B) when they see that he’s still on the title and mortgage of property (A), he wont be able to get finance,…[Read more]

New scenario

if i have a seller who is selling property (A), to be abel to buy property (B) (do not know if he’s selling for serviceability or cash required for settlement on the new property)

Could i get a limited power of attorney on property (A) with a caveat registered on the title (meaning i control the property, he’s still on…[Read more]

I’m thinking about purchasing a property that has a 2 bed granny flat at the back of the property but i’m unsure of what legally needs to be in place to have it there. as in what i would need to do to have 2 tenancy agreements 1 for the granny flat and 1 for…[Read more]

I’m just starting out and would like to know the pro’s and con’s of 80% LVR’s rather then 95% LVR (which i can get)

biggest con i’ve noticed is my ROI is lower obviously with a low LVR.

and it ties up a lot more money that i can’t use.

As mortgage brokers and experienced investors, What are the pros with 80% LVR apart from that you…[Read more]

Thanks for the reply, I’m aware of a protected tenant. but being that their would be a tenancy agreement in place for the dwelling and the granny flat being on the same title. I’m just asking what type of problems you could have? with this type of situation?

worst case i see is that the tenants (who live in the property) move out and…[Read more]

I’m looking at purchasing a property with a stand alone granny flat at the back of the property, it would be a good investment the only thing i’m worried about is the tenancy agreement. because as of right now i believe what is happening is the tenants are on the lease who live in the house but the stand alone granny flat is then rented…[Read more]

I’m located in Melbourne but can post Australia wide if needed.

Please message me we offers or for further information cheers.

I want to invest in Victoria because I live in Victoria and i want to make profit and experience from investing in property…