Recent content by tubs

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    Bankruptcy and long settlement

    You'd have to sign a contract with a long settlement, and leave it subject to finance right up until the last minute. But a decent non-refundable deposit might help this. What reason does the vendor have for wanting to sell if they want to rent it back. I'd explore these options to see if...
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    Creative way to buy PPoR

    Why not find someone who does vendor finance in your area and get them to approach sellers on your behalf. Then take that side of the deal.
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    Agent is the vendor.

    I don't see the conflict of interest. You either come up with a deal or you don't. I'd expect an agent to negotiate as hard as they can to get the vendor the best price they can, regardless of whether they're the vendor or now. There's certainly a problem if they're the purchaser because...
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    Taking secondary income into account

    You're right Rolf! And thanks for your reply. My broker has done an initial review and come back with ANZ as being the best. But with all the lenders out there I was hoping there might be other options, including some of the smaller ones.
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    Taking secondary income into account

    I'm looking at getting a loan post June 30 this year. I have a second income from a business. Last year it made approx $20k. This year will be closer to $80k. I understand the ANZ take the $80k into account. Other banks average the previous 2 years, making it $50k. Which other banks...
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    USA investment properties for an Aussie

    A few questions to answer... 1. If the deals are so good, why aren't the US investors snapping them up? 2. Why is the house so cheap if it's in a good area with good employment? 3. How do you know you'll get a tenant, or if the tenant leaves you'll get another one 4. How can you be...
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    Looking to buy a new People Mover.

    We've got an Odessey too. Great car, and unlike most people movers they look good too. When we checked our options it came out clearly on top.
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    what business?

    According to the AFR the biggest growing sector is home services. Cleaning, lawn mowing, gardening etc. People don't have time to do it and are prepared to pay.
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    Laziest agent ever?

    Well, maybe the photographer just ran out of time. But come on. Make an effort! http://www.realcommercial.com.au/property-other-vic-geelong-5402685
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    Effects of having a vacant property?

    Hi, I've been looking more and more at commercial but I'm still seeing plenty of vacant properties around. Has anyone here had a property that's been vacant for a few weeks or more and what kind of impact did it have on you? Did it affect you financially? Did it cause problems at home...
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    Has anyone run a marathon?

    Hey Ski-bum, Well done mate. I did my first marathon in Melbourne yesterday too in 2:56. And I think the weather was perfect. Cool, overcast and no wind. I want it to be like that for next year now.
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    Scams to look out for when selling your car

    It's called an overpayment scam. Someone tried it on me recently when I was selling my car (which is still available BTW - BA Falcon - white on LPG). I was alert to it immediately because they had tried it on someone else I know. They say they're overseas so will pay you for the car and give...
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    Phil Anderson teaches to buy property with capital growth for $1?

    Almost certainly vendor financing, or wrapping. In this situation the $1 is relevant because you only need a financial transaction of $1 to make all the contracts binding.
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    Tsunami' to hit Australian real estate

    BINGO! That's why we get these wild claims. Even people like Stephen Keen are guilty of it too. They focus in on a narrow set of variables and don't take the full picture into account. IMO there are several factors, which TOGETHER make up the strength of the property market. 1. Interest...
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    Common enemy unites foes

    Gillard should accept Abbott's offer. She committed to the solution, and if she's serious this is her opportunity to make it happen. The alliance is already split on the issue. It would have been when the Malaysia deal was first announced. This is nothing new, just another way of getting it...
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