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    Property Valuers Horror Story Award Nominations

    Recently had the experience of a valuer submitting one report to a lender, then again, 3 months later, for a different lender, with the same valuer, same property, (prime beachside) which is suddenly now worth according to the valuer 20% less (they had "forgotten" they had already valued it)...
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    Recent borrowing trauma, development finance available

    Bank Induced Trauma Syndrome...development finance _is_ available Hi folks, Recently we had the experience of reaching our lending cap with our longtime, once helpful Bank lender. 10 x IP's bought long ago, 4 x building projects same bank, 60% LVR total, A1 credit......it didn't matter, the...
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    Tradie rant thread

    Tradesmen? what Tradesmen? In our 40 years experience, managing numerous IP's and projects, there are very few actual "tradesmen" out there these days, just a lot of low level workers who have the sole object of extracting exorbitant hourly rates for doing as little as possible, when it suits...
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    Narre Warren Dirt Wanted (a dirty story!)

    Some years ago, in our first property, now an IP rented to tenants, was kinda bored living in the 'burbs, so thought we'd dig a dam for fishing (on a 700 s/m block, in the middle of Narre Warren, Vic...not one of my best ideas in hindsight but it seemed a good idea at the time) anyway, sort of...
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    Who owns the copyright in House Plans?

    Thanks for everyones thoughts on this, seems a very grey area that bears further examination, just because they've always done it that way doesn't mean it need continue.
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    Who owns the copyright in House Plans?

    Thanks Thommo, but if one has paid for any goods, eg plans, without specific restriction in the letter of appointment with the supplier, then surely it is owned in full by the purchaser to deal with, resell, or copy as they wish?
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    Who owns the copyright in House Plans?

    Another installment in the long running saga of building some units. Hired a designer-draftsman to produce designs for the project, and paid many thousands of dollars for plans to submit to council. Designer won't now release CAD files for the plans without us signing an agreement of his...
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    Melbourne Builder Wanted Bayside Area

    Doing 2 x 3br dual occ's, plans /permits /finance all ok, but still need a good builder who understands realities of residential development (ie: we would all like to make some money one day, and want to build sooner rather than later); anyone recommended from experience?
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    Development Site Survey costs

    Anyone know the approximate correct rate for site survey /re-establish boundaries work? ......project is 2 x 800 s/m sites, Melb metro area.
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    Bargain House For Removal Melbourne $1.00 Full Price

    Apologies if this is in the wrong forum. Have to clear development site in Highett SE subs as we are building units. It's a lovely 4br weatherboard, 16 squares, tile roof, polished floorboards, high ceilings new Rinnai HWS, much more. Way too good to demolish, would look great on land anywhere...
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    Anyone Can Be A Mortgage Broker, No Ethics Required. Need For Standards In Industry.

    Thanks Aceyducey, as usual you've thoughtfully provided the correct answer, due diligence is the essence. Must have had some bad karma somewhere for this to have crept up on us though :-). Kristine makes very valid comment too, but the concern is self regulation may not be enough protection for...
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    Anyone Can Be A Mortgage Broker, No Ethics Required. Need For Standards In Industry.

    Thanks folks for good advice and thoughts. Kristine, answers below, sounds like we should have talked with you first :-) May I ask how did your Solicitor come to be recommending this particular broker? DONT KNOW BUT WILL FIND OUT AND ADVISE Is this broker a member of the Mortgage Industry...
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    Anyone Can Be A Mortgage Broker, No Ethics Required. Need For Standards In Industry.

    Last October we were introduced to a Melb based mortgage broker by our family solicitor, who now honestly regrets having done it, but who at least will assist in the impending loss recovery. Original deal was to look at refinancing of our existing residential loans, being more than one million...
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    Bullish Residex

    Hi all, from a Melbourne perspective, can't comment anywhere else as we are flat out here developing new projects, can only agree...WHAT BUST? .. have been in property 25 years now, every time you hear doom and gloom, just remember to ask the speaker, how many IP's they own, how long...
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    Right time to sell?

    Hi all, First, thanks everyone for very thoughtful responses and shared advice. We would no way "cash-out" in full, although it does seem certain there could be some challenging times maintaining rental income if/when a slump happens....but compared to owning shares its no contest for us...
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    Right time to sell?

    Well, we read buiding wealth through real estate, followed most of it, now have 9 properties with over $1M equity. But nothing lasts forever. We are thinking of selling 4 (our first rentals) bought in outer Southeast Melb, they have more than doubled in value, and we would like some cash...
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