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Will consider this one - have a like-minded colleague who will be OK on the cashflow front but low on equity. The banks apparently want to see us to be able to service the loan WITHOUT the new rent. Don't think I'll write this off completely just yet - was still a bit "emotional" last...

MB got back to us - not good news. :mad: While our equity position is OK, we still won't fit the banks serviceability equations, even with the new projected (OK, OK, I know it's not guaranteed - can't "take it to the bank") strong positive cashflow. :confused: Most lo-docs aren't really an...

Thanks Angela. Awaiting the MB feedback, and work has a need to send someone (from Geelong) to Perth, so I might be in on that (at least half of the expense funded)! Then I'll also shoot up there. Plan on speaking to PMs tonight. Happy to share findings.

Hi Chaser, I have found this website useful to find out where mines ARE. I'm also going down this track... Property Manager Building Inspector Pest Inspector Quantity Surveyor Handyman etc... According to yellowpages, B&P seem to be Geraldton; QS Kununnura. I don't really feel...

Thanks Ausprop. I understand that it's really only the resources that there's even a town there! (OK, slight exaggeration! :D) And agree with your assessment that if the boom ended, it's probably not only my (potential) IP in Hedland that I'd need to worry about!

As I mentioned in another thread, serviceability is holding us back. So I "got motivated" (thanks to contributors!) and started looking CF+. This thread came along... and I started looking up there. I'd seen the Crawford Realty ads in API, but hadn't really paid much attention, but RE.com...