These investments can be very good or very bad. I suggest you do a lot of research. My experience shows that because of reasons such as finance and apt size the banks are reluctant to lend a high LVR. Check the lease, exit options from the lease, return, how the yield is calculated (can be per night, pooled, fixed price/term etc.) Resales can be…[Read more]

Hans Jakobi also has a ‘inteview’ style education series of tapes and info put together with Ed Chan. Good viewing. Certainly interesting. Also noted him in Dale Beaumonts book.

Pretty sensible common sense stuff.

Worth a look

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Hold back their payments. Money talks all languages.

PW

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Answer to the original Post – the agent has refunded the letting fee for the option as the fee is for lettings (as the agent did not perform any functions of letting such as opens, reference checks , screening applicants they are not entitled to any fee) according to the Office of Fair trading and the NSW REI.

pw