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  1. spludgey

    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    Just out of interest, are you talking about Peter Migali? He's the one that I submitted my offers to and haven't heard a peep from since I did.
  2. spludgey

    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    I did not know that, thanks!
  3. spludgey

    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    Care to elaborate? Are you implying that the vendor won't be in a position to offer it? In this case it's a school/church that owns it, so I would assume that they own it outright.
  4. spludgey

    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    I should have clarified, I made two offers for all four one with vendor finance and one with out and two similar offers for the two Murphy Street ones. Maybe. I guess I'll have to wait and see. I didn't get any acknowledgement of the offers either. I'm not increasing my offers either, if...
  5. spludgey

    'Medico' package (85%+ LVR with no LMI) for IT workers

    What are the conditions for CFOs? I'm assuming I can't start a company, make myself CFO and then claim it?
  6. spludgey

    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    I think I should be able to get around the $220 mark if I need to look for new tenants. I haven't heard back from the REA (who's pretty terrible), so I'm assuming that I didn't get it. I'm happy to post up my four offers once the tender is awarded.
  7. spludgey

    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    I've got a 3 bed semi about 200m away that gets $240/week (above market though). I haven't inspected them myself, but would think that the rent would be significantly higher.
  8. spludgey

    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    Alright now that the tender is closed, hands up who submitted a tender. I did.
  9. spludgey

    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    I'm thinking of bidding on it. The only thing that's holding me back is that it's not set up as four semis, but two semis and a house. Plus, I'd have to pay to move the fence.
  10. spludgey

    Separate entrances/partition off a house - DA needed?

    Yes, you will council approval and no, you won't get it unless you have a fire rated dividing wall.
  11. spludgey

    Crazy Properties

    How much would council rates be for 8m2?
  12. spludgey

    Breaking into commercial property

    Even though we have many years of experience between us and a great passion for real estate, most of us do it as their second, and not as their primary, job. I'm not saying that it's impossible to start in real estate full time and be successful, but maybe you shouldn't expect to.
  13. spludgey

    Release equity and buy facebook shares

    So you could use the money to pay facebook shares or five times the amount of property. Do you think the shares' capital gains will be five times that of property? Obviously there are some advantages in shares, however due to the leverage and inherent value, I much prefer property.
  14. spludgey

    Changes / tightening on servicing for investors

    But "Quickly, borrow now, while you still can!" creates a much better sense of urgency! ;)
  15. spludgey

    Paying yourself first

    Given how technically complex F1 cars are these days, I think the F1 driver would win whether it's in an Excel or on foot.
  16. spludgey

    prediction: no chance tomorrow

    Yes, I checked that as well. Ridiculous!
  17. spludgey

    Purchasing a Puppy

    I think it's actually very much on topic. It's a hereditary problem from caused by selective inbreeding. Not trying to have a go at you, because for all I know you could have gotten your dog from the pound, but I think it illustrates what I meant perfectly...
  18. spludgey

    prediction: no chance tomorrow

    Almost 100% certainty, as in ~96% certainty? ;)
  19. spludgey

    Cheap asses - at what equity position did you begin to relax?

    For the time being, I've got a six figure salary (just, but it counts!) and my partner is making okay money, plus we have a surplus of ~$10k from our IPs. Yet I still always shop for what's on special and look at prices of everything I buy. Could I afford $8.99/kg for capsicum? Certainly...
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