Recent content by hudbry

Absolutely right. Thanks again for all your thoughts. I'm on it.

Also, what is the difference between residential loan and non residential loan? Rates? Fees? Why will one bank offer it and the other not? Thanks?

Thanks you guys. Really appreciate you're feedback. Will look into it further around those options. Rolf: not sure I understand what you mean by my credit file? What is our and hope we'll or be affected? Thanks again you have been very helpful.

Hi all, we recently put an offer in on an IP that got accepted. It needs some work on it so we negotiated a 20k reduction in the asking price. Bank A gave us pre approval for 90% loan. Bank A went to value it and the valuer came back saying he'd noted that work needs to be done on the...

Thanks Cassandra and Strongy. Much appreciated. There is maintenance needed and they are weatherboard fibro. I'll look into the council rates for sure as this will affect net yield, thanks, and also chat to the bank re deposit. Any further things to consider? Thanks again.

Hi there all. Being relatively new to the investment scene I've come to get your advice on a predicament I'm in. Background: Have an investment in Mount Druitt that is doing very nicely. Good capital return and about 7% gross rental yield. The market has moved so fast out there it's...

Thanks you guys. I'll look into it and let you know. Sounds promising but maybe not in Taree. All the best.

Hi there. I was speaking to someone the other day about getting the best rental prices for a property and he mentioned that if you have a house close to a hospital, I should look to rent to NSW Health, and rent to nurses and doctors. Apparently they will take a lease for 2-5 years and at a...

Thinking of using one of the Forex companies to transfer; Oz forex, currency fair, etc etc. Any thoughts and suggestions?

I have already received the funds and am now looking to transfer. Am I to late then? What are my options? Thinking the Aussie dollar might get a little weaker so just waiting for a bit........

You're losing me a little here Terry. Sorry. Transfer funds to a second party and then second party returns / lends it as a gift? Does bankruptcy have to be declared? Better to transfer in one lump sum or in smaller amounts? Many thanks.

Thanks for that Paul. I'm now in a position now to transfer funds. I don't have anything to hide as all funds are legal, but I'm looking for the best way of transferring the funds to Australia. The best deal appears to be a specialist forex company rather than a bank. Is that something that...

Hi there Terry. Could you kindly expand on this point of "asset protection issue of bringing money in....." Many thanks.

Hi there James and Pinkboy. I appreciate your comments. James is right, I'm looking to buy land rather than an inheritance. I'm looking at land to a max of $200,000, closer to $150,000. 3-4 bed villas/houses selling for $380,000-$450,000 I have no idea of builders cost prices for a 4 bed...

Hi everyone. I was just hoping to get your thoughts and ideas on a strategy a friend told me about years ago that worked for his family and wonder if it might work for me. Here it is: His parents inherited a small property on a piece of land in St Kilda, Melbourne. They wanted to...