Recent content by stevo_c

Hello Kent, or anyone else above grade 6 maths, I'm having trouble applying your IRR to my scenario. I have furniture worth $ 10,000, however it's resale value would only be approx $6500. The unfurnished IP rents for $400p/w the furnished property should rent for approx $485 p/w Based on...

Adele from Fast Blinds (0411 226 380, 02 9743 8896) for window coverings in NSW i recommend. I have dealt with her and a few of her staff directly and their price for verticals came in at under half the price of some other competitors. Quick cutting and proffesional service - no complaints...

Good onya, thanks guys. At this stage i'm not planning on a PPOR for another 5 yrs or so, so i dont see the need for an LOC. I will remain dillegent with my record keeping and keep one of my offsets unused as both loans are on the same interest rates, i see no reason to split savings between the...

Calling any helpful accountant or proffesionals familiar with investment tax returns utilizing x2 offset accounts for x2 IP's. I have 2 Ip's both with the same bank both linked to 100% offset accounts. I have a transaction account (everyday account) and a credit card account with that same...

Has anybody here done this course or any similar courses such as Peter Combens Smart Property Development Workshop? propertymastermind.com.au

on the subject of credit app enquires on your credit file, i am in the middle of getting finance approval through NAB. I have applied through the branch in person first for pre-approval on 250k (bang - 1 hit on my file, ok no worries) found an IP went back into get full approval. Asked whether...

Thanks for that Rolf, All the other banks i went to were upfront about there 90% policy and i confirmed NAB policy with more than one but i can certainly see them knocking it down to 90 in the 11th hour. I will ask to see a policy extract when i go in again today. I will also ask to have them...

thanks propertunity, i do trust my BA's recommendation and how would you do your dd if not asking for recommendations. You raise a good point though. I think i have trust issues :)

or if you cant reccomend one but can shed light on an interesting article located here describing the differences between conveyancers and lawyers. The decision isnt as black and white as this lawyer would have you think. For eg the licenced conveyancer i have been reffered to has a fixed fee...

I'm in the market for a conveyancer and would prefer to use a Lawyer Conveyancer over a Licensed Conveyancer. My BA has reccomended his conveyancer, she seems very qualified but would prefer to do my own DD and check the prices on others anyone here could reccomend for the greater NSW area or...

Good advice cheers. I have the tendancy to over analyze, i have the funds available now and i've spent most of this year educating myself so i thought i would take the plunge and start the real learning curve. I've had a chat with a few brokers a few BA's and a few accountants. Most have got...

Thanks Simon

interesting, thanks for the quick reply's, i will speak to my BA and try to get a better understanding of why he is so confident on this strategy before i let nab run a credit check. Perhaps going with a lender who has a six month policy will minimize the risk to a strategy that relies on...

I have had a read over the WA FHOG paperwork and the wording implies the same, As long as you willingly come forward to repay the money no penalty will apply. So the penalties are for those who try to steal from the system and dont apply to those whose intentions are sound but whose cicumstances...

I am in a similar position to LisaP, our strategies are similar but didnt want to hijack her thread. Out of all the 95% loans available does anyone know which lender is more open to revaluing faster? For example NAB say they have a 12 months reval policy but will revalue anytime so long...