Recent content by MF35

So are their Risk Fees comparable with LMI from a mainstream lender? Cheaper / more expensive?

Hi All, http://directpropertysolutions.com.au/ Just wondering if anyone has used them or heard any feedback about their services? Seem focussed on value add strategies. Thanks in advance, MF35

Further Update: I have lodged complaints with ASIC and Fair Trading regarding Home Projectz & Kade Hancock. As well as their practices under their new business affiliation with Construct NSW. I found out that their building licence (for Kade Hancock & Home Projectz) was cancelled on the...

Thanks for the replies. Propertunity I was going off OB Course notes that indicate OB Work is defined as; - Any work (including supervising and coordinating) involved in the construction of, or alteration, repair or addition to, a dwelling .... - Where the reasonable market cost of the...

Hi All, I have just started reading up on the requirements of getting an Owner Builders Certificate thinking I would need it if I was to manage components of a renovation worth over $5000 (over $12 000 requires completion of a course first). Of interest was the following things that need...

Thanks for the pointer Don. I Googled Morlins and can find their contacts but no website. Do they have a website? PM away JWR. Planned reno involves an extension, opening of internal floor plan, new kitchen & bathroom, possibly a car port, other cosmetic reno work and electrical rewiring etc...

Hi All, After looking into using Building / Renovation Businesses and either finding really high costs and / or substandard services (not all of course) I am going to look into doing my Owner Builders Qualifications to allow me to co-ordinate my own reno work. Not full scale building work...

UPDATE RE KADE HANCOCK AND HOME PROJECTZ - NOW WORKING FOR "CONSTRUCT NSW". Sad to hear so many got caught out by this bloke. I had hear good things about his work early on (a few years back although I had never used him), wonder what caused him to go down hill. Greed maybe? We started...

Hi All, Home Projectz run by Kade Hancock seems to have gone under. We signed up with them recently for design work with a view to building work being completed. Quotes were very good, perhaps to good with the benefit of hindsight. Over the last month we've had increasing difficulties...

For peoples information my accountant advised that he believed the property would have to settle prior to the end of this financial year to claim any expenses incurred in this financial year. Thanks, MF35

Thanks for the replies. Contracts have not yet been exchanged. Waiting hopefully on a reply to our final offer. If we do agree on price and exchange contracts it will likely be on an "unconditional" basis. I have indeed fired the question of to my Accountant. Waiting for a reply. MF35

Hi All, If I was to Exchange Contracts now for the purchase of a property that was going to Settle after the end of the current financial year, and I pre paid expenses for the next financial year (when I would own the property) during the current financial year prior to settlement, would...

Hi All, We are looking to borrow up around $1 mil, variable, with a 100% offset account. Our Credit History & Serviceability are very good ($1.4 - 1.5mil based on serviceability alone). Most lenders don't seem interested in lending to 95% any more with some exceptions for existing...

Thanks for the replies. I'm looking to come up with a realistic budget for the renovation of a potential purchase. We don't own it yet so I'm only really looking to make sure I know about what it will cost me to fix it up and add the extension. The cosmetic reno (floors, paint, bathrooms &...

Any recommendations for businesses that do Building and Pest Inspections in Sydney's eastern suburbs? (Maroubra to Randwick area). Thanks, MF35