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Thanks for the help. The builder is now willing to fix the floodboards and skirting boards. But there are more damages such as on the wall, furniture, etc. The builder is not willing to use his insurance and he does not have much money. If none of my friend nor the builder not willing to claim...

My friend's house was flooded when he was overseas due to fault of a sprayer. The sprayer was bought and installed by a builder who renovated the bathroom. The builder came to the house. Not to fix and vacuum the water, but to take the sprayer! My friend's friend has mopped the...

It was a free one. I like getting the idea from those people and finding the reality from somersoft before I action on it. Firstly she asked to negotiate the price down to 80% of the asking price. Vendor agreed because he was desperate to sell. Once he agreed, she then offerred the full...

Hi guys, I went to this seminar, where the speaker bought cash flow property with 80% loan + 20% vendor finance, which sounds very attractive especially for people who don't have much deposit and low income. Anyone done that? In terms of mortgage, will lenders give loan on regional...

Aha...thanks guys

I just read where someone made $100k equity from otp. He only spent $1000 which was the deposit., then got the $100k out upon completion. I thought lenders only use the contract price if the value on completion is higher than the contract price? How can it be done?

I did that too, but the building manager stopped me from doing it. Told me that the guests did not take care of the building, disturbed other occupier, etc which surprised me as my guests mostly seemed responsible. Yes return is great....but tired of handling guest who expected treatment...

I sell otp properties. At this point of time, good projects are normally sold out before it's completed. Best units are sold within first month it's launched. Leftover ones normally have negative aspects such as facing other building. You can buy it at a discounted price, but you'll most likely...

Refer prospective buyers for otp and brand new properties to me...you can get attractive referral fee without any license :D hosting on airbnb can also give you more income...if you have spare time

Thanks guys

Hi, I've got a house that is now vacant. The house needs some repairs, including cracked floor and tiles in the bathroom. I am planning to demolish the house in the next few months. I am now thinking to lease the house very cheaply, with the condition the tenant willing to accept the...

Something in Glen Eira council would be good, as the council restricts most of its area from development project. Off the plan will be great strategy if you buy it at the current price and the property price is going up. You can put 5% deposit, or using bank guarantee, enjoy the capital gain...

I'm surprised seeing some member in this property investment forum prefer property prices are kept affordable, rather than pushed out by foreigners. What's the point of investing in property, if all aussies can buy property. Small rental yield (as few would rent), and little capital gain.

I reckon people on that side rely on cars more. They drive and park at the nearest train station.

I personally like Altona Meadows better than Laverton. Seems to be better neighbourhood. And you can find some houses within $350-400k price range.

You are facing exactly the same issues as my boyfriend. He is buying at Altona Meadows. The extra piece of land belongs to the property he is buying, and the current owner is paying council rate including that area (that extra piece of land belongs to the previous vendor, not this current one)...

There is OTP boutique apartment in Sth Melb, close to Albert Park, 6% rental guarantee for 2 years, starts from $325k. Only 2 units left. PM me if anyone interested :D

What's wrong with South orientation? Which one would be better: new or old apartment?

aha...now I got it why the seller is willing to let it go at that price. I saw another one bedder in that apartment is advertised for 650k-710k. Looking at the oldlistings.com.au (coz I don't have the access to sold price database), unit 3407 was advertised for $525k in Nov 2012; 3207 for $550k...

http://www.realestate.com.au/property-apartment-vic-southbank-113867871 was sold only for $340k on the auction. I know 1 br was sold at around $500k in 2010.