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  1. M

    Investing in regional vic - am I insane?

    In light of this forum closing shortly, lm in part doing an update to myself to find at some point in the future :D lm currently renovating property A to sell and preparing to move into property E next year with cbg. Property C will become a rental. The land bank 5 acres should be rezoned...
  2. M

    Investing in regional vic - am I insane?

    LOOK OUT !! Its just over 9 years later and l just started going through some old posts because someone replied to a very old post l was in and l got emailed. Haven't been here since 2008 and l find this price record from 2004, wow, what a time machine :-) Property A $270 ish...
  3. M

    Tenants purchased property - what is fair compensation for the agent

    l dont think l could stop myself from ringing the ATO and asking how long has it been since business could charge you cash and not worry about receipts or GST or anything , and can l get my boss to pay me in cash like the agent does !! LOL
  4. M

    Buying tatics

    Hey Niko swings and roundabouts , do you know what that means ? Would it be rude of me to suggest that l dont think you're smart enough to make your way sucessfully through business life with that attitude ? And im sure all these great idea's you have are foolproof and have never been...
  5. M

    pm changed rent without my permission

    What did you sign ? in victoria with the standard reiv rental authority for landlords there's a couple of things l cross out and initial the changes. One is that they can sign a lease on my behalf , they cant , only l sign things on my behalf . Another is where it says that the authority...
  6. M

    Consumer confidence crashes?

    lm for a couple or more rate rises , say 3 @ .25 % before the end of the year and really shake things up . Have a huge crash , then a minny one of those things we had to have and come 2009 / 10 when the smoke clears , the world is a better place. To many bleeding hearts and "its not my...
  7. M

    I feel like I'm beating my head against a wall

    What a tuff crowd ! This blokes 18 and having a bit of fun. I did it , lived week to week , spent and drank all my money , girls , cars , girls , work , yobboin yarhowen fun till my late 20's. Do it while you can , now im in my mid 40's lots of debt and assetts , wife , kids , work ...
  8. M

    REIV Leasing & Managing Authority

    Gday Lyne , the first time l did the changes was with the agent that has just sold the rent roll and the agreement was verbal along the lines of " if you arnt collecting rent then what makes you think im going to pay you a commission ?" and l altered the authority to match our conversation...
  9. M

    REIV Leasing & Managing Authority

    Gday Lyne , the agent that has a property of ours in Melb has just sold the rent roll and the new agent has sent through the same form. In the general conditions 7.2 , l crossed it out and int the change ( if you cant collect the rent im not paying fee's ) and condition 7.1 says that "...
  10. M

    Moving finance to one lender

    Gday P T Bear, many times i've been told i'm too rent reliant . with what i'm planning to do next , the nab have let me have / offered me a line of credit secured against all my r/e giving me access to 260k.Just write the cheque , much much better than trying to get a loan after l find...
  11. M

    Moving finance to one lender

    Gday Dan , lve just moved all my assets to the nab in a portfilio package. lt lets me have access to all the equity l have in all my properties . For example if l had 1.0m in assets and 500k in liabilities on a 70% lvr then l have a 700k limit.So to buy a property l just write a cheque...
  12. M

    Leaking pressure valve - Who pays?

    l think their very aggressive approach and threats deserve an equally strong responce. lf the're such great tennants one would think they would have used a slightly less confrontional approach to this problem and l think you should respond with the same attitude. Notice to vacate , you and...
  13. M

    Pre Approaching RE Agents?

    Gday mate , i've two bits of advice for you,tell a busy salesperson there's plenty of whatever (properties , cars , tv's etc ) and your in no hurry and say goodbye to attentive service ,and its not the agent signing the paperwork , the vendor's driving this bus , if they want to accept...
  14. M

    Problem with tenant- what do I do?

    Hindsight is a wonderful thing. l would think getting onto the office pricipal and let them sort it out with the tennant and the rental dept , why have a dog and bark yourself ? lf your not happy with the service , go to the top. Regards Mitch
  15. M

    Giving driveway access where there is none atm

    Hello, lve found a property with 2 street frontage that looks alot like a battle axe block with the house located at the handle end of the block. This part of the block is only 9.5 m wide and the house sits 1.5 to 2 m off the boundries with access to the back yard off the other street...
  16. M

    Verbal contract/agreement, is there such ?

    I believe there are six essential elements to the formation of a legally binding valid agreeement that must be present. The other three are :Legal capacity Legal capacity may be an issue for minors , people of unsound minds ( including drunks if they entered into a contract while...
  17. M

    Verbal contract/agreement, is there such ?

    Trying to keep it simple and accurate. Yes you would have a verbal contract , but it would be unenforcable. The contract of sale ( of real estate ) - which results from a written offer from a prospective purchaser that is accepted by the vendor and that , under section 126 of the...
  18. M

    Experience with NAB portfolio facility

    Greetings, Thanks for all your input.The two big benifits for me is the ability to have access to 200k on this line of credit and this package will save me $65 per week as the interest rate is lower. lve been in sales all of my investing life so the issue of servicability has been a...
  19. M

    Experience with NAB portfolio facility

    Greetings, Over the years ive had plenty of trouble borrowing money, ive always found a way although the cost of the funds hasnt been the cheapest (rate and setup costs) due to their fear of my ability to service the loans. Last year l began looking for funds that are compeditive with the...
  20. M

    Can real estate agents buy IP's?

    After a rant like that Zena , l think you need to take a bex and have a good lie down. Merry xmas , Mitch
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