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Hey Rolf, what HDT stand for? Regards, Clint

I will be for ongoing trade use. I'm currently employed full time with a builder, I plan to get my licence and start my construction company in the coming months, but also prior to leaving my full time job I wish to borrow money to purchase a PPOR. So if there's no impact on my credit file...

Hi all, I'm about to apply for a 30 day Bunnings account and I'm wondering if this application would show up on my credit file? I'm assuming not, but it's best to know these things before going ahead. Kind regards, Clint.

I'd go for something like this... http://www.realestate.com.au/property-house-qld-zillmere-118527551 13km from CBD. Around 100m walk to shopping centre. Nice 650m2 block in what looks to a quiet street. Sold for for $348k. I assume it would rent for around $350/ week. Cheers, Clint

Would you have a rough guess as to the amount of cash / equity we may need to make it happen? And is the 80% borrow of Fixed Contract Price + Land Value the most commonly used, and best borrowing formula for this type of loan? Many thanks, Clint.

Thanks heaps Terry. Yeah well I'm glad i put the thread up. Definitly should've put up something about 3 or 4 months ago. Is the feeling, that we should take a couple steps back, put aside our our 18-24 month timeframe, set up some structure and then re-purchase and pay stamp duty again...

Hey Rolf, Do you work out of Brisbane very often? Or do you have someone in Brisbane that you would recommend i make an appointment with? Clint.

Are you saying that if a builders fixed price contract was $1.1m And we paid $500k for the land. That we could borrow 80% of $1.6m OR $1.28m. Minus the $530k we already owe on the land and our maximum borrow is $750,000? Also, i understand our structure is less than ideal in terms of asset...

Sorry as for equity. The 2 properties we own together are borrowed to just over 90%. I'm hoping to sell everything i own on my own and come up with between $100- $150k, and Matt would need to match that amount. Best case scenario we could come up with approx. $300k within 18months...

NAB Holds the Debt across all the properties. And are you saying that now, we just do the development as 2 individuals and it is what it is? My knowledge of trust / company structure is extremely limited. Regards, Clint.

Hi guys, This is probably going to be quite long, so I apologise if its massive, but i'll try to give you all as much information of my situation as possible so that any advice which you have for me is as relevant as possible. My situation is that I'm currently employed full-time as a...

How is the situation progressing noisuf? Regards, Clint.

Yeah this is very impressive! Is this a share house situation? I purchased my PPOR jan 2012 in Coorparoo for $355k. Currently living there and receiving $480/week in rent. I pay the bills out of that. Not exactly sure how much the bills add up to, but I'm extremely happy with how this...

Sounds fair to me. So basically even though you may be doing the wrong thing, so long as you are prepared to remedy the situation within councils time frame there is a strong possibility you wont incur any fine at all? Regards, Clint.

Mate, are you saying council will try to work out exactly how many days the granny flat has been rented illegally and than multiply the number of days by $2200? So if a gf had been rented illegally for 12 months the council would fine the landlord $800,000. If that is what your saying... Is this...

At the risk of looking like I'm bragging, My Veda score is 994. I've only been in my residential address for just over 2 years. And my address before that was only around 12 months. Been with same employer for 5 years. About 6 or 7 years ago I had a few too many enquiries regarding a...

very interesting guys. Thanks very much to everyone for their input into this thread. I have a 4 bedroom home. I rent 3 bedrooms separately to boarders. I charge them 160/week each and this includes electricity and internet etc. When I advertise I advertise it at $140/week. And then...

Beautiful. Thank you gentlemen. Also, the house is my PPR, but i collect $320/week from my 2 spare bedrooms, would anyone know if nab will take into account this income and also the added income i could receive with the completed granny flat? I'm working on the 5 unrelated persons...

Also my home is financed with NAB. Does anybody know how they are to deal with for this type of thing. And also how would a 55-60sqm granny flat affect the value of a 3-bed timber home on 405sqm in coorparoo. I personally think it would add approx 100k to value, but would valuers and banks...

Hi all, I'm new to the forum, (well i joined a while ago and forgot all about it until i just received an email saying how much everyone at somersoft was missing me because i hadnt logged in for so long). But anyhow, I've been having a decent read this morning and i notice the forum has many...