Recent content by mikey investor

We try to buy a house at the front that is in decent condition. At our current house, there was nothing to do. So we have been here for almost two years with council and bank delays, but the tractors are out the back right now. But now with the new bank regulations for investors, we are at...

My NAB broker just tole me today that they will only consider 90% of existing rents and only 80% of new rents in calculating our serviceability. Last week we could borrow $460K (plus our cash deposit) and today it was down to $160K. Do any banks still include the actual rental values?

We bought a USA property in Atlanta Georgia a few years ago, and while it is getting a great return, we are sick of having to do USA tax returns etc. We are wanting to see it, but should we try to advertise in Australia to investors - or do we appoint a local agent in the USA and pay agents...

Hi BHP, We started in crappy Mooroolbark, moved up to Croydon South, and now we are building in Ringwood. I guess you start with what you can afford, and move up from there. We think Ringwood still has a lot of potential. But now we are considering moving to Brisbane, as our land tax...

When I lived in London they had an awesome apartment block called "Container City". Targeted the artists etc. But they looked fantastic.

Hi Kat, We're in Melbourne and we do just that. But we buy a site where the front house is ok to keep, subdivide and then build in the back. But our current venture, we are living in the front house while we build 2 townhouses in the backyard. And we usually just keep them all. The...

I am a long time ago "Henry Kaye" graduate - and when he went down, Jamie popped up - with strikingly similar business model. I asked Jamie whether HK worked for his company (as I heard that he is a silent partner) and I was immediately blocked from his Facebook page. On another note...

My wife and I let API do a story on our very first subdivision in Melbourne about 6 years ago. It was fine - we met the photographer on site, explained the whole process, our hurdles etc. and of course the numbers. They did give us a couple of copies of the magazine for our troubles.

Hi, My wife and I have gone crazy in the past few years and we have now almost completed our 4th small subdivision in Melbourne's eastern suburbs. We have kept pretty much all of the houses along the way, but we are now paying land tax. Just to avoid this getting out of hand, we were now...

Hi, I was wondering if anyone could tell me about thier experiences with using "options" to buy a property with a long settlement, applying for some type of Planning Permit during that settlement time, then on-selling or developing. Also, I have heard that a lot of seminars use these...

We recently bought our dream home as our PPOR in Ringwood in Melbourne and we had the worst experience with an agent from ASSISI R/E in Doncaster who were the listing agents. The manager of the Agency was actually the man who we had dramas with including: underquoting, refusing to accept...

I think Michael is a sales professional too. I would rather take advice from Henry Kaye anyday!!!

Just bought one off Ebay for $96 which was a hills hoist. Installed it for free ourselves in about an hour of mucking around. Was worth about $240 from Bunnings. By the way, I found a hardware store next to Car City in Melbourne that is so much cheaper than Bunnings for all hardware -...

Hi, we know a good and cheap pest guy... About $340 to spray a whole house including boundary fences and comes with a 3 year guarantee. I'll let you know when I get home and look up his details in my filing cabinet! Mikey

Plumber to use! Who was the plumber? I want to know details??? We used a plumber in the eastern suburbs of Melbourne who came out twice to finish a job for us, and who never accepted payment!!! We are too scared to use him again, in case he refuses to charge us again. We even knocked on...