Recent content by Shann

The JV partners financial situation has changed. Other impacts have been external - borrowing rules, valuations etc. We also had some unexpected costs which have eaten a lot of our contingency earlier than expected.

Hi all, As above we are so stuck in our thoughts that we can't agree on what to do. Property we have owned for 2 years- have just recieved DA to subdivide and build a duplex. This was our original plan. Our financial situation has changed and we can no longer afford to build/subdivide...

thanks fbk, I am more curious about the interest rate that they use and how they work out the general costs etc (eg do they use a blanket 20% of rents?). I have a property and I'm wondering if it would be worth approaching one of those places to sell it and wondering how they choose the places...

Hi all, Can anyone tell me how the marketing groups sourcing CF+ properties work? If you are trying to sell a property can you just contact them direct? What sort of assumptions do they make about a property (eg vacancy etc) when calculating its cash flow? We are looking at selling on of...

Hi, We are wanting to build a duplex on a hatchet block. Chance of DA looks reasonable but needs to be impact assessed due to front lot size. To get approval we need to purchase a drainage easement from one of the neighbours. How would you go about approaching the neighbours to see if...

Thanks so much for your thoughts. I approached my broker with your ideas and it seems I have slandered a good man's name :o He was thinking ahead to the fact that we needed funds to subdivide and that it would save $ in the future to borrow for that now. The subdivision funds not being...

Hi, I'm needing urgent help as finance clause clock is ticking! We have entered into an arrangement to purchase a property in partnership with my mother (hubby & I 25% each, mum 50%). She has equity in her PPOR. We have equity in a package of PPOR & 2 renters. We all need to...

Hi all, Look forward to reading your thoughts, We (my hubby and I) are considering buying a property in partnership with my mother. She has been considering buying an investment for some time but is struggling with the workload of research and keeps putting it off. We have one...

Thanks for your assistance, It appears the valuer did a drive-by only as he did not collect the key from the managing agent. Our broker is chasing the bank re getting the valuation reviewed. We have contacted our managing agents for info re recent sales figures. We have only the...

Look forward to reading your opinions, We had our properties (in small regional town) valued for refinance in Nov 2008. PPOR $195 000 Rental #1 $160 000 Rental # 2 was under construction (removal home) but is next door to and in better condition than # 1, construction is complete. PPOR...