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    Penalty for Seller withdraw from unconditional contract?

    Hello, everyone, I’ve signed a contract with an acquaintance to buy a unit (private sale with no REA, but both of our lawyers had read through contract for us before signing). Long story short, the contract became unconditional and the settlement date is this Friday the 22nd. Early this...
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    Can I get two formal loan approvals on one property?

    Hello, everyone, I’m in process to purchase an IP, already got one formal approval from NAB to pass the finance condition, but considering the settlement date is far away, I applied again with NAB Homeside Lending via a broker, thinking that I’ll choose a better loan offer. Now Homeside has...
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    21st Century Property & Option on land

    Hi Is anyone here having some experiences with 21st Century Property?? I have read the forum a lot recently, seen people mention Michael Yardney, Chan & Naylor.. But haven't seen anyone mention 21st Century Academe / Property.. And has anyone heard their option on land project?? Another...
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    Is there anyway to check potiential tenants credi/renting history?

    Hi Dear All, Is there anyway to find out a potential tenant's credit and /or renting history as a self-managed loandlord? Thank you for any input!!
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    eligible loan amount in counting interest deducton on a contaminated LOC loan

    Hello, … I’ve just realized that I have a contaminated LOC loan on my PPOR… and I’m thinking about turning my PPOR into an IP. So how much is my eligible loan amount in calculating interest deduction? Scenario, 1/1/08 LOC granted, with credit limit of $200K; 1/1/8-31/12/08...
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    Can someone rent his own IP??

    Hello, everyone. My friend has his PPOR and one IP. He'd like to buy more IP(s). However, ability of servicing more loan becomes a bottle neck. I was suggesting him to moving out from his PPOR and rent it out (since he only owes $180K on a $380K house, this PPOR will turn into a cf+ IP. This...
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