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Hmmm thanks for your response guys. It all just sounds fishy to me I have to say. I always knew buying off the plan could be risky but with the amount of money I had/have in savings, I never thought there'd be a problem for this property. I just spoke to the bank on the phone to get a brief...

Yes it was. Signed the contract for 275k in Sept last year, now revalued at 290k by the banks. And i'm in Victoria which I forgot to mention.

Hi guys, Hoping to get some advice on the following situation thats just come about.. I have a unit due to settle later this month that was purchased with the intention of becoming my PPOR immediatly on settlement, claiming the FHOG. My Mortgage Broker has now said to me yesterday that...

This reminds me, I need to set a financial target to keep in my sights.. The motivation behind my choice to get into property was because I never wanted to feel trapped or helpless because of a lack of money. I heard many stories from my mum growing up how not having access to money at...

Hi Tvadera. I can tell you that buys in the low 300's are still around. My boss purchased a property only last week for 300k. 550 (approx) sqm block, 3 bed, minimal renovation required, very neat and tidy, close enough to train station. So keep looking. As far as REA go, I use Barry Plant...

I'm really not sure of the general practice, but to me that sounds rediculous. If an agreement has already been made and money exchanged, surely they can't charge you extra because something on their side has fallen through. Will be interesting to see what the more experianced...

10 years ago I was in year 9 or 10. My advice to myself would have been trust your insincts..Business will still be what you want to do in 10 years so drop out after year 10 like you want and study that diploma at TAFE. Forget all those people who tell you "you can't do anything without VCE" its...

Wow, this post has come at a very interesting time indeed. Still motivated in your day job?…no. When I was 19 I decided I was going to stop stuffing around and “thinking” about getting into property and actually take the steps to do it. I didn’t have a degree or any further education for...

Good on you Infest for taking the time to find out HOW you can make this possible instead of just assuming its not possible due to a lower income or age. Congrats. I'm an amateur myself but I can certainly appreciate your efforts. Choosing to rent out your current PPOR and rent something cheaper...

Thanks to everyone for their feedback. I spoke to my mortgage broker for some advice and he suggested we wait until after settlement to transfer into partners name if thats what we choose to do so. Liking this option the best right now. Abit too much going on at the moment to add one more...

Quick question for everyone here... Last year I purchased a house and land package which will be settling this July. Myself and myself alone signed the contract at the time. Since then, I have been in a commited relationship and would like for my partner and I to take joint ownership. So my...

Absolutely :D It pays not to be biased. I had a big advantage though in having lived in Altona Meadows my whole life. Saw the big boom in laverton coming, just came alot quicker then first imagined!

Hi Jd, I'm planning to build a pergola at the back of my cosy 13 sq unit once its completed. Afew factors made me decide its worth the money and effort. No.1 was the added usable space. For a small unit, an extra couple of meters to entertain friends I think will be a big winner. I'm not...

Thats brilliant Nathan, well done. I came across one of your posts for the first time yesterday after being abset from the site for a while. Was very impressed and inspired straight away. Have to say I've been looking forward to finishing work all day so I could get infront of this computer...

I have to say I've never been to a renovation course, so can't fully comment on their benefits or lack of. But I can tell you for $5,000, you can buy a hell of a lot of books, magazines and do plently of searching the internet reading sites like this for information. I first found this site...

Thanks so much for your reply. I will definately be taking what you've said there into account in assessing the next step.

Congrats on the start-up. I have little experience in the field but am looking to broaden my horizons as you have with your husband/wife team. I see a demand in my area of interest for professional PMs without that cheap focus on costs. You mention an Estate License, I was wondering if...

Hi all, I have a question regarding the rules and regulations of starting a Property Managment business in Victoria. In order to turn property management into your own small business, what qualifications are legally neccessary? My partner is looking to take over the management of our 3...

I have to agree with the poor performance of this office. Infact I've left 2 voice messages with my property manager there in the past week and still no reply. They don't follow up, and the forget to pay me :S I had to ask why my tenant wasn't paying on time since I hadn't received and payment...

I totally agree with you guys about not doing things purely for the money involved. I'm currently working in the Warehousing industry and not learning anything that I can really apply to my Real Estate investing goals. For this reason I thought why not combine my job with what I love to do and...