Recent content by Buzz Lightyear

My DHA is a 4br house in Manly, Sydney with av house price in the street of $1.2mill. I bought off a current investor - with price negotiation. There is always a way to get what you want, sometimes just not the way everyone else is doing it. Buzz

Actually he is still working - I chased him up last week to fix some tiles - I have to say I was pleased he answered 5 years after the fact you are never sure if the builder is still about. Since writing this I am convinced it was a rare half penny that I could of retired on... I heard a...

Damn it I know you are right but the moment passed and it then got weird. Today I would asking for it back no problems.

In my previous life I spent 2 weeks a month in mining towns throughout Australia and every town I spoke to locals agents and builders, that is a lot over 8 years! There is the late run for the mining boom and lets face it when the papers are telling you that it is a good buy the clever money is...

We hit the wall after property 5 - not the serviceability wall the frustration wall, late rent, no rent, vacancies, damage, surprise sat night electrician callout fees so on - we looked at DHA and bought. The extra 8% mgt fee gets me no hassles, no vacancies, no damage, no late rent, a...

Whilst renovating a pair of 1860 built terraces in Carlton melb we found many stashes of old garbage - it would seem someone use to sit in the attic and roll his own and have a few beers from the evidence of the stubs, old paper and tins. The most frustrating thing was taking a cuppa with the...

Jamie Durie came over once to our reno in Melb - long story on how he got there. Anyhow he essentially said that his clients spend 10% of the property value on landscaping a PPOR. We didnot become clients Jane

At the Mortgage Institute conference in Perth last week the mortgage insurer Genworth ran an interesting side forum. They had a company poll over 1300 recent university graduates ( within 3 years of graduation) to find out what Gen Y (those born after 1976) really wanted. We are fed...

I recently had a client doing a house and land development with resale option when complete as part of a plan to earn a little and work towards larger development projects. A good option for them, at standard residential rates, was an 80% lend against the land and 100% lend against the...

Just an interesting point - maybe or maybe not related but I received a letter from Suncorp Fri stating there has been a decision to change my income protection policy for the better and all changes were pre dated to Sept 2002. The change to IP insurance:- If an injury occurs due to an act...

It is interesting though that you can pay the same for a renovated property as an unrenovated one. This has been apparent in Paddington and Bondi Junction, Bondi recently - apparently people will pay the equivalent to leave their own mark. Anyone else seen this - makes you wonder about...

Reply: 1.1.1.1 From: Buzz . Thanks for your thoughts, I am committed now to my $ friend, but will consider A Jones idea next time. Thanks for the lead. "To Infinity and Beyond" Buzz Lightyear

From: Buzz . Just a quick one. I am in the process of buying a property in Syd and found that 'normal' lawyer fees here are about $1500. For the same transactions when buying in Melb it cost me $500. The title searches are also higher $250 as compared with $90. OK the growth is good and the...

Reply: 1.1.1.1.1 From: Buzz . Thankyou all for your very informed and wise words, I do appreciate the effort you put in to the reply and always keen to hear more. "To Infinity and Beyond" Buzz Lightyear

From: Buzz . A lot of property guru's talk about joint venture partnerships. It all sounds good in theory. Hence it seems a good idea - grab a few people together and do what needs to be done. We have had very good reno, refinance and hold experiences so far and have been approached by many...