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Of course :). The big difference I see is that he could ask us as many questions as he liked, and we were happy to provide them. I have SS to ask questions on, but I do run the risk of being seen as someone who wants things handed to me on a plate if I don't do my own DD. I understand...

You might have missed it, but post 45 is a section of the email I received from the agent saying it was under contract. It went on to say contract was signed at considerably short of the asking, but no price mentioned, so thanks for the update on the price. How do you know what price it went...

Thanks Shuggy. I'm assuming "one one title" means they are not strata titled. I have read several times that this can be one way to improve the value of a block, by applying to have them strata titled. I started this little idea of buying something with a block of units that were not strata...

You are right Kathryn. It is money in the trust that we look after for our father. We want to make best use of it, and perhaps right now that is to leave it as it is until something comes along, or the world situation settles. I don't think there is an issue with the estranged brother as...

Sorry, I didn't answer this. I must have missed it. The loan is secured by other properties.

T33's post made me ponder. Macca's post also made me ponder. Banks seem to close branches with reckless abandon. That wouldn't worry me if I knew I could rent the building to someone else quickly, and for similar rent. I'm wondering if the agent suddenly had a rush of queries and also wonder...

I had to work today, but just got this email (6pm) - This property has had a offer which the seller accepted today subject to various conditions. If there are any issues which makes it available again I will let you know. So, for now, this is under offer. I wonder if someone from SS has...

Thanks Dazz. I have asked for the IM. (Of course, the next question will flag me as a bunny, but I'll get past the first hurdle initially.) Hubby suggested we take a look around, which we will do. I'm interested to check this out, even as an exercise in what to do, and not to do, what to...

Please explain? One question I have about this particular link Dazz has put up, and would love to hear from anybody who has any knowledge about either part of the question. Part 1 - If CBA closes that branch, assumably when the lease is up, would the likely rent from the next tenant be...

I've just spent some time looking through the commercial site, and my head is spinning. There is just so much to look at, so many different types of premises, areas and deals, and plenty with no prices. I'm wondering whether, if we decide to look into commercial, we can use a broker to find...

I think it is because they are in the business of banking and not property, but I also think $900K is chicken feed to the CBA, but I suppose you multiply that by every premises in Australia and that is a lot of money tied up in their premises that could be used better elsewhere.

Thanks Dazz. That sort of deal is food for thought. I like the weekly rent for the outlay. I like the idea of not having to worry about it. I like the idea of not having to paint it :D Do you (or anybody else) know what the CBA bank in Holland Park sold for several months back? I remember it...

Thanks Chris. I figure that if we buy one house to do up (possibly followed by a second when the first is sorted out and rented), we would need to do better from the rental income less expenses than if we leave the money invested. I've never been so wary before, probably because it is not "my"...

My brother and I control a family trust. We have access to around $1M ($600K loan funds - ready to go, and $400K cash in the bank). The easiest thing to do is to do nothing, don't draw down the loan and leave the cash there... and perhaps in this world climate, that is the best advice, but I'm...