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I justed rolled with the punches on the first non-ressy loan, 'cos I had absolutely no clue....but that didn't hold us back. We jumped in boots and all and started splashing around. Finance was the same as our houses, same as the contracts to buy. Despite everyone thinking their are big...

Well, we just had 'the call'....settlement just went through. That's the first peg in the sand for part of the CBD. Now onto bigger and better things. Settlement was scheduled for last Friday arvo, but there was a problem with the security bond. The tenant hadn't paid it when entering the...

Keithj, That's just scratching the surface what you have listed there. There is a massive amount of due diligence that needs to be done before finally signing an unconditional cash contract to buy a property that is multiples in value of most investor's entire portfolio's. Numbers count...

Sorry KlausB, You've asked twice now, but I'm not prepared to go any deeper. Your "belief" or lack thereof is of no concern to me. I ain't got nothing to sell. What you've asked is of no real value to me either....so there you have it, we're even Stevens. The three posts in this thread...

Might just keep it to the inside I think. Disclosed way too much as it is.

Glad that a few of you got something out of it. I neglected to mention financing for the deal, that's always the same. The loan was extended covering ; 100% of the purchase price. All of the stamp duty All of the other closing costs One year's total interest bill. Total loan works...

Had a few champers and wine of late - celebrating the latest acquisition...so pardon the waffle if it reads a bit funny :cool: Well it seems there is 2 or 3 people around Australia who are interested in what goes on when you actually, really ruly-truly, rinky dinky buy a commercial...