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I thought about writing it all on email, at least I would have evidence that I intended to make an offer. But the offer has to be written up formally. I also called Consumer Affairs, and the lady didn't have much of a clue - apparently the last time someone was actually taken to court was in...

We bought in Georgia - $65K renovated with tenants, earning $900 a month rent. Didn't get a loan, bought it outright with Super Fund, so will just accumulate money in account over there, and then buy another one day. We did use a closing attorney, but they didn't organise our bank account...

Hi, Two weeks ago, we found a property that we liked. It had a price with a "plus" after it, meaning roughly 10% higher. So we made an offer in the higher range of the 10% region and was then told that the vendor wanted a price that was 15% higher than the advertised price. I asked if...

Hi, I have just bought a US property through my SMSF, but am having trouble finding a bank that will allow me to open an account in my LLC name. (Limited Liability Company) Has anyone done this already, and which bank did you use? We require internet access to the account, and the...

My wife came from Boronia, and we call it "BOSNIA"! However, it is slowly cleaning itself up, especially since the gun shop closed. Just have to get the scummy people to move out - probably into FTG!!!

Hi Shirley, Just wondering what the options contracts were like that you got with the DVD's? Apparently she paid $8,000 for them alone to get drawn up? What are your thoughts? Cheers, Mike

Hi, We just had a double carport built (as seen in July API magazine, page 54!) Our quotes ranged from $4,600 to $12,000. We ended up paying $5K which included guttering, but not connecting it into the existing drains in the ground. I'm in Melbourne, happy to give numbers out if you need...

Hi Void, I am finding it hard to compete with local builders atm for sub-dividable properties. Word of mouth and private listings may be the way for me to "move forward"! (I was in the July issue of API magazine with the subdivision) Mike

Westpac Hi Sue, I can understand your frustrations. I have my three loans with Westpac - only because a couple of years ago they offered 85% LVR without mortgage insurance. But they have been very difficult to deal with. Every time we call the "Mortgage Centre" they make us talk to a...

I am with Westpac and they used to offer 85% LVR without LMI. Sounded great to us, so we used them, then we discovered that our breaking fee within the first 4 years, on a variable loan was $700 plus all the normal fees. AND during the first 4 years, they said they would not compete with any...

Is it too late for two more? Sarah and myself will come. Thanks, Mike

There's an article in the July issue of the API magazine about sub-division in the Eastern suburbs of Melbourne. I think they paid just over $330K for the property. I'm still looking for something for me to buy, but I agree, they are hard to find and the price is often inflated. I have...

Hi, A couple of years ago a obtained a 50% refund on my $8,000 LMI from Westpac Bank. I bought at a great price through a friends auntie, but the bank said that the sale price was the true market value. So after I completed some minor reno's on the kitchen, plastered up the cracks and...

Congratulations!!!

"and water damage to the vanity to the point it required replacement. CGU advised this was not malicious. Incredible! Based on my experience I am definitely moving away from CGU and would recommend against anyone using them." That's why my LL insurance must have Malicious AND...

I sold an apartment in North Melbourne with Hocking Stuart. I told them the reserve was $500K. So they advertised at $410K plus. That was intentional by them, they had to attract buyers. I hate under-quoting.

One more question - Terri Sheer have a great Landlords insurance package, but their building insurance is very expensive. Which company do people recommend for Building Insurance? (Or is that also covered in the previous posts?) Thanks!

Hi, Recently I was sent my renewal for landlords insurance, and was surprised that it increased by $140 in one year. I require that my insurance covers BOTH malicious and accidental damage. Just wondering what other investors have found to be a good company, with good coverage and...