Recent content by rja2439

Thanks for the advice. If you say that banks currently won't lend at 80% (or even 90%, which I'm hoping for in lending them $40k deposit!), maybe the only way to achieve the $40k in my pocket now is to: 1. For the tenant to somehow come up with $40k to use as a deposit for me to be the...

Aaron_C Correct - please see my post above. Angel My prediction is the investment property will not be worth much more in a year's time. In fact, it may be worth less.

Thanks for the replies guys, it's much appreciated. Geoff and PT_Bear Yes, it is the deposit that is not enabling him to borrow. Me becoming the financier for the deposit sounds like a good idea. I had toyed with that idea but had the following unknowns: 1. I couldn't really understand how the...

Hi there, A bit of creative thinking needed here, or maybe not.... I'm not sure. But any help would be greatly appreciated! I have a property with a mortgage of 355k. The tenant pays $530 a week rent. The tenant would like to buy the property but can only afford $350k. I'm hoping to...

Alan Boyd for painting - good at his trade and good price

Hi Matt, I did some checking myself on this and found that with the recent Qld floods the reason why Gladstone didn't get flooded was because the rain did not fall in the Gladstone catchment... it firstly fell North of Gladstone, then a few weeks later South. Lucky! So yep, definitely check...

Hi guys, Thought you might be interested in this pretty well written article on Gladstone... http://www.sahben.com.au/files/Gladstone_Article.pdf Cheers Rob