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  1. Learnings

    Help Req.

    Hi everyone, My friend Jacqui is trying to take out 1st place in the "Face of Cox plate" competition on facebook. Winner gets $5,000. She is going to donate $2000 to Peter Mac Foundation & $2000 to Make a Wish foundation. The remaining $1000 is going to be put towards her car which was...
  2. Learnings

    Quick Senario

    Hi Guys I am just looking for some opinions on what I should do next. Income about 55k PPOR Loan 1: 308k PPOR Value: 400k My plan: Loan 2 LOC 90%: 52k Loan 3 Mort 97%: Buy house #2 Loan 2 to cover LMI for loc & new loan, deposit, legals, stamps out of Loan 2. How can I make...
  3. Learnings

    How does a FHB purchase from auction?

    Hey guys. Ive got my eye on a property thats heading to auction in 2weeks. Ive got a pre-approval from Bankwest. If I bid and win the auction, do I need to jump in blind and hope the banks valuation comes in ok & theres no further hurdles with finance? And if the bank says no I am...
  4. Learnings

    Help plz working out sqm off plan.

    Hi guys. I work this out to be about 469sqm. Advertised as 580? Am I missing something? Should I be out there with the tape? I presume the plans are in Ft/inches? Cheers :) Edit: Just noticed it aint square! Worked out to 513sq using 55ft baseline, 43ft topline, and some...
  5. Learnings

    Melbourne Brokers - North west or CBD

    Hey guys I need a switched on broker. Banks dont like me due to being a casual for 2yrs, although ive recently switched to full time. Second problem is I dont have 6months+ savings of %5, although I do have %5+ in savings. Due to sale of assets + a non repayable gift. No debts no...
  6. Learnings

    Nervously awaiting a slim-chance approval :(

    Hi guys. I've been gathering my papers for the last few weeks and finally got my pre-ap in this morning with bank of queensland. The thing that makes it a slim-chance is ive been at my current job for 2years as a casual, switched to full-time yesterday. Last 2 payslips are casual with...
  7. Learnings

    Sub 250k market in melbourne, looking for CG not yeild.

    Hey guys Im looking to buy my first PPOR house (not interested in units/townhouses) in melbourne area. Currently live in glenroy, working in CBD. I was hoping to borrow alittle more - around 320k - to get into west heidleberg, but thats not going to happen just yet. Due to low income im...
  8. Learnings

    What lessons have you learned doing your first reno?

    Hey guys Im looking at my first house and wanting to buy a fixer-upper. Lookin at the big areas, Garden, Kitchen, Bathroom, Paint & Carpet. Alot of people say things along the lines of "I learned so much on my first reno!" but dont say what they've learned. Is it possible for some...
  9. Learnings

    What makes a good PM?

    Hey guys. Im currently shooting for Assistant Property Manger jobs to enter the Real Estate game & was wondering what you experienced landlords find valuable in a PM. Extending beyond the common sense realm of returning phone calls and collecting rent on time, Is there any common pitfalls...
  10. Learnings

    Greetings

    Hi all, Great site you have here, been reading about 2 years part time here. Good to get other peoples perpectives on different situations. Great ideas everywhere. Im looking at buying in the near future and currently in the novice learnings stage hence the name. Im looking to flip a ppor...
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