Recent content by mitch

  1. M

    Investing in regional vic - am I insane?

    In light of this forum closing shortly, lm in part doing an update to myself to find at some point in the future :D lm currently renovating property A to sell and preparing to move into property E next year with cbg. Property C will become a rental. The land bank 5 acres should be rezoned...
  2. M

    Investing in regional vic - am I insane?

    LOOK OUT !! Its just over 9 years later and l just started going through some old posts because someone replied to a very old post l was in and l got emailed. Haven't been here since 2008 and l find this price record from 2004, wow, what a time machine :-) Property A $270 ish...
  3. M

    Tenants purchased property - what is fair compensation for the agent

    l dont think l could stop myself from ringing the ATO and asking how long has it been since business could charge you cash and not worry about receipts or GST or anything , and can l get my boss to pay me in cash like the agent does !! LOL
  4. M

    Buying tatics

    Hey Niko swings and roundabouts , do you know what that means ? Would it be rude of me to suggest that l dont think you're smart enough to make your way sucessfully through business life with that attitude ? And im sure all these great idea's you have are foolproof and have never been...
  5. M

    pm changed rent without my permission

    What did you sign ? in victoria with the standard reiv rental authority for landlords there's a couple of things l cross out and initial the changes. One is that they can sign a lease on my behalf , they cant , only l sign things on my behalf . Another is where it says that the authority...
  6. M

    Consumer confidence crashes?

    lm for a couple or more rate rises , say 3 @ .25 % before the end of the year and really shake things up . Have a huge crash , then a minny one of those things we had to have and come 2009 / 10 when the smoke clears , the world is a better place. To many bleeding hearts and "its not my...
  7. M

    I feel like I'm beating my head against a wall

    What a tuff crowd ! This blokes 18 and having a bit of fun. I did it , lived week to week , spent and drank all my money , girls , cars , girls , work , yobboin yarhowen fun till my late 20's. Do it while you can , now im in my mid 40's lots of debt and assetts , wife , kids , work ...
  8. M

    REIV Leasing & Managing Authority

    Gday Lyne , the first time l did the changes was with the agent that has just sold the rent roll and the agreement was verbal along the lines of " if you arnt collecting rent then what makes you think im going to pay you a commission ?" and l altered the authority to match our conversation...
  9. M

    REIV Leasing & Managing Authority

    Gday Lyne , the agent that has a property of ours in Melb has just sold the rent roll and the new agent has sent through the same form. In the general conditions 7.2 , l crossed it out and int the change ( if you cant collect the rent im not paying fee's ) and condition 7.1 says that "...
  10. M

    Moving finance to one lender

    Gday P T Bear, many times i've been told i'm too rent reliant . with what i'm planning to do next , the nab have let me have / offered me a line of credit secured against all my r/e giving me access to 260k.Just write the cheque , much much better than trying to get a loan after l find...
  11. M

    Moving finance to one lender

    Gday Dan , lve just moved all my assets to the nab in a portfilio package. lt lets me have access to all the equity l have in all my properties . For example if l had 1.0m in assets and 500k in liabilities on a 70% lvr then l have a 700k limit.So to buy a property l just write a cheque...
  12. M

    Leaking pressure valve - Who pays?

    l think their very aggressive approach and threats deserve an equally strong responce. lf the're such great tennants one would think they would have used a slightly less confrontional approach to this problem and l think you should respond with the same attitude. Notice to vacate , you and...
  13. M

    Pre Approaching RE Agents?

    Gday mate , i've two bits of advice for you,tell a busy salesperson there's plenty of whatever (properties , cars , tv's etc ) and your in no hurry and say goodbye to attentive service ,and its not the agent signing the paperwork , the vendor's driving this bus , if they want to accept...
  14. M

    Problem with tenant- what do I do?

    Hindsight is a wonderful thing. l would think getting onto the office pricipal and let them sort it out with the tennant and the rental dept , why have a dog and bark yourself ? lf your not happy with the service , go to the top. Regards Mitch
  15. M

    Giving driveway access where there is none atm

    Hello, lve found a property with 2 street frontage that looks alot like a battle axe block with the house located at the handle end of the block. This part of the block is only 9.5 m wide and the house sits 1.5 to 2 m off the boundries with access to the back yard off the other street...
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