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Has anyone done Bill Zengs & Investors direct, the language of money program? If so, then what did you think of it??? thx juzz

Muney, Lizzie would be correct probably 99% of the time. Depending on your deal with the council???How much does the council want it-(the proposed development) sometimes they have a foot/cut in the deal and sometimes in some areas councils can do more than you think- they may have an equity...

Oh well, More upward pressure on Rents & Charge out rates.... I know what I'm gonna do.. Juzz

Gsh, Ive seen many different ones. Normally I like to see ones that are more project specific. The information for the project is normally what you want to protect & some people will not sign if its not project specific. I definitely would add an extra clause pertaining to the project...

Just ordered it also, Can't wait to read your new book Michael. Congrats.... Justin

My 2c worth, Sorry to hear the sad news but really, think about the worst case. ie zip(he gets nothing) & see ya, he is forced to leave because the relos o/s want to sell-Where will he go?? I would be thinking very clearly if what he had with the Lady bordered on a defacto relationship...

Alexlee, In another financiers eyes, YES the take out/sale or re-finance of that property then it will effect servicability majorly. The Capital or equity required if you borrow the money needs to be serviced as well, and then will no longer be considered capital/equity but DEBT.... it...

Gordon, Some partnerships are like marriages, you have the good & the bad. In this case you have 5 possibly all with different agenda's and views. Entry & Exit points for each person/partner need to be clear. Contibutions need to be clear. Initial capital/equity. Work done & Rates...

Darkhorse, Who's handling your mortgage settlement?? You better have your own solicitor involved in this one. If you don't have one-get one. Looks like someones made a blunder, better keep your finger on the pulse. PS. Settlements & many financiers make "Human Mistakes", if it looks...

Hwd007, By not settling on a contract for a property you run the risk of the Vendor, rescinding your contract, re-selling the property all at your cost then possibly sueing you including all costs plus interest all at your cost. Be extremely carefull, & see your solicitor. It may be...

My 2c worth. It seems though the bank is going to close in in them anyway if they can't meet mortgage payments. Sit down and talk to them to find out more. ie there may be a massive opportunity here. Just pay out 1st mortgagee is all you may need to offer, if it's too highly leveraged then...

Woohoo, This is not advice but an opinion only, Please seek your own advice on this but...... Settlement are regularly a challenge, you must clearly know who your solicitor is acting for & whether the purchaser has signed a letter of engagement for them to act for them as well as you may...

Patosan, Normally, in these sorts of circumstances its best to have some sort of control of the situation. Your own consultants, don't rely on anyone elses. The main risk is that the 1st mortgagee sells out at what the current market is willing to pay & the selling costs & payout only...

Patosan, Might be wise to fill us in more on the details..... 1. New 1st mortgagee - What do they want from the deal??(Rates?? Equity??Future Ownership position??) 2. What do you & your family/ beneficiaries want from it? 3. What is currently in place as the 2nd mortgagee? 4. What is the...

My 2c's worth, If you gain a minimum of 10 and up to 20% Discount on your own Bank Val off the deal & you have adequate servicability & back up plans to settle in the wost case, then it may be feasible. Do some reasearch and find out some of the horror stories of people buying OTP. Then...

Muz, If you lack the equity needed to obain the finance without the servicability requirments, then maybe you may be able to offer a guarantor or servicability partner younger. (ie one of your childern or proposed executors may be willing to be the guarantor/servicability guarantor)...

Ani, Thanks. Will keep it in mind, as it looks like any excess water you've got to be wary of. Juzz

Hi all, Thanx for all the speedy responses. Just an update of method used. 1. Make sure area/concrete to adhere to is clean. 2. Check grout adhesion reccomendations from manufacturer if unsure or directions on pack unclear. 3. Obtain tips from a fantastic website like this. 4...

Bluegem, This ones been answered a few times. But if your looking in VIC for recent sales pick up Sundays or Mondays Herald Sun or Even age has the weekends sales results as well. Home price guide has them for a fee. If your looking for previous sales results on a specific property...

Situation... Tiling 80sqm of Ceramic tiles to a concrete floor. Can anyone tell us if you would need to Dampen(Wet)the concrete floor before applying the Tile mortar(Glue)?? ie Our concern is that Concrete underneath may dry the glue too quickly ie resulting in cracking underneath... Juzz