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Hi Y-Man Yay! An event near to home (we live in Carrum). Please reserve two spots for us - thanks. Looking forward to it!

We've banked with HSBC for a number of years and have a few investment properties, plus our own, financed with them. In January we asked for a LOC using our equity from recent valuations carried out by HSBC - no real reason for it, I just wanted a "buffer" and some cash available if we...

We've had some great tenants, but the requests of others never cease to amaze - here are some of the "best" ones we've had: - Lady wanted to dig up all the (long-established) fruit trees and sell them - her reason was that they were just too dififcult to mow around! - Lady wanted a whole...

We don't actively plan to buy any more properties, at least in the near future (unless we came across a cheapey that was a great buy and the figures stacked up) We just wanted to increase our line of credit up to an 80% LVR so that we would have a good "buffer" - and we may have used a very...

Thanks everyone for your responses. Personally we feel very comfortable with our borrowings - but I won't go into that now as it wasn't the purpose of this thread. Most of the replies have confirmed my thoughts so we will definitely look into changing banks - or spreading things over more...

Hi everyone Our bank (international) has just refused to increase our line of credit and I'm a little unhappy - and also a bit worried about what's going on there! Here are the facts: - We bank with well-known international bank with branches in Australia for about 6 years and excellent...

Hi Mikhail Don't underestimate Carrum, or Bonbeach. They are a fair bit cheaper than Aspendale and Edithvale so you get more "bang for your buck" so to speak. We live in Bonbeach towards the Carrum end, by the Patterson River and absolutely love having both the river and the beach within...

100% finance was very, very popular in the UK when I lived there up until a few years ago - but then, you had to have a kind of mortgage insurance however much you borrowed (well, my friends all did) I suppose it's OK if it's the only way of doing the deal, and so long as you're aware of the...

Wow! Thats amazing - not only a PPR but investments too - I didn't even know what INVESTMENT meant at 21!!! Incidently, James we have 4 IP's just out past Lilydale, in the Yarra Valley - great place. Lilydale good choice in my opinion - lots of development going on and happening generally -...

Ahh damn! Are there enough people interested to still have one this month? I have lots of spare time for once so would be happy to organise something if there's interest:confused:

Hi we looked at Ringwood and ended up just along from Frankston at Bonbeach - still by the beach - we were concerned about Frankston being a bit "rough". The new Freeway will be 20 mins from Frankston to Ringwood - and incidently, it takes just 40 minutes from Bonbeach to South Yarra on the...

Hi all I've wanted to come along to a Mebourne meeting for a few months now - seeing as I recently quit my job I now have the time to do it at last - can someone please tell me when and where it is? Many thanks Janie:)

Hi Frank I totally emphathise with you - although it's just the work area that's had me demotivated. So I quit my lawyers' job the week before last - all very amicable and I don't have to go back! I've been having an absolute ball since. Problem is, what do I do now - need to keep some...

There's also the issue of Misleading and Deceptive conduct under the Trade Practices Act (s52?) depending on what the actual damage is - need to be able to quantify it. I've never ended up in court with any such claim but if significant damage is incurred then could be a good case for demanding...

If you can find a good, cheap PM then use them I say. Always, always negotiate fees and terms - you'd be surprised what you can get. We pay 5%. However, there are some pretty bad ones out there too. I think the problem can be that some just take on far too many properties and can't manage...

Yeh, not the tenant's responsibility in Victoria and not usually keen to do it as it's a yucky job - and can be dangerous. Just cost us $60 to get a property done - not really a lot in the grand scheme of things - and can claim against tax of course.

Yeh I agree with Wylie - a month-to-month can leave you in the lurch, especially at a quiet time of year. Your PM should renew the lease to existing tenants without charge and if they don't agree to do this I would phone around other PM's in the area to see what their stance is. Personally...

Yes, good point Brenda. That's something we always discuss and negotiate with the property manager when we sign up a new property with them. Some agents will go to VCAT without charging you and others won't. Some will even pay the VCAT fee, although alas, none of our managers have agreed to...

Unfortunatley, no it doesn't work like that. I believe that the only way you can get any costs awarded at VCAT is if you can demonstrate that there was no case to be heard - for example if the person purely did it for malicious reasons. We went to VCAT with a wrangle and although it...