Recent content by cms

I have done next to no due diligence! But I have a potential scenario. A relative has died recently and her house will go to auction. It is unsalvageable and is on a large block and one of a few in the area that is not yet subdivided. I am almost in tears that I don't have the cash / couldn't...

Again to clarify, I cannot say that the REA is aware of what the company does.

To clarify, I receive emails from a REA ( not the one my property is managed by) who keep interested people updated on Moranbah. Their last email had a link to a website of a company who offer assistance to those who are struggling. I left a message with them and they called me back. They did...

Oh I've found lots out and will indeed be reporting them to the ACCC. I have a property in Moranbah and was sent a generic email by an RE agent with general area updates - it included a link of anyone is having difficulties and needs to investigate strategies ( this is not us, but I thought I'd...

In answer to my own post - DO NOT listen to SMEs r us. They appear to be fearmongerers. I have spoken to my bank today at length and it is not their practice to recall loans that are not in default. This is what SME would have people believe and their advice was to front my bank today and...

I have had a phone conversation with a company today who have told me that banks are required by law to annually review all LVRs (surely this means they need to get valuations done on every property every year?), and therefore if my LVR goes above their threshold, they will call in the loan...

Has anyone heard of this company? They have been suggested to us for a "chat" by a PM in Moranbah to "discuss strategies". We have a property in Moranbah that is worth less than we paid. I googled them and it seems they deal with bankruptcies. I had a return call from them today to schedule...

We have a property in Moranbah which has dropped in capital value ( dropped is a kind word), our current LVR is over 100%. We therefore need to start from scratch with a saved cash deposit - which we are doing well with but to start quickest we need a cheaper property with prospects and not...

Thanks all. Not sure we could get as cheap a property in Adelaide as we're needing right now but we recognise that in Adelaide we'll need to do manufactured growth.

Hi All, We're considering Broken Hill - low entry point and at least some cash flow is where we need to be as we have a Moranbah property tying us up sadly... Does anyone have thoughts on Broken Hill? Our main concern is the slowly declining population. Cheers