Jump to content
SAU Community

Recommended Posts

Dezz having too much money and can't be bothered spending it...

And here I am having no money and wanting to spend on lots.

Dezz, I can be your son while you'll still be forever alone.... Pm me for details

What's the demand like for rental properties at the moment? I should probably get one instead of not getting one because I can't be f**ked....

Our leasing teams just done back to back best months ever think they leased out 55 last month

Catch us likely interest rate. Also the personal loan for balance of deposit is probably a high rate. These things usually are ok but best to source your own financing.

You can put all your money into this and just have a redraw facility on the loan so when you find what you want you can just take the cash out but in the interim reduce your interest substantially.

I know a guy who works for Dennis family if your keen pm me your details I'll get him in touch if he is still there.

Personal loan is to pay for balaance of depost AND government charges. (VIC so massive stamp duty + the rest)

Depending on deposit size (assuming less than 20%) you probably get stung with LMI

In any circumstance you will be lending at the maximum equity of the property so there is no room to refinance the personal loan into the home loan for a good 3+ years. There is also no opportunity to refi any credit cards or existing loans to reduce monthly commitment.

In short you will likely end up paying high rates on a mortgage that is most likely from a 2nd tier lender in addition to LMI and a huge personal loan with massive monthly commitments (+ any other existing lending) for at least 3 years until you finally refinance to a decent product if you don't go broke first.

Oh and if it doesn't work out and you want to sell, you will have a terrible time because you will be too highly geared and remain stuck

These things usually are ok but best to source your own financing.

You can put all your money into this and just have a redraw facility on the loan so when you find what you want you can just take the cash out but in the interim reduce your interest substantially.

?

Redraw on what?

His stamp duty will be negligible it's off the plan & a first home buyer so it will be payable on land only.

I said source own finance for all the reasons you stated and it sounds like he has money to put into it anyway but if he wants to keep cash available borrow the max but put his cash straight into it and have it available for if / when the land he wants pops up.

Isn't that what everyone does?

His stamp duty will be negligible it's off the plan & a first home buyer so it will be payable on land only.

I said source own finance for all the reasons you stated and it sounds like he has money to put into it anyway but if he wants to keep cash available borrow the max but put his cash straight into it and have it available for if / when the land he wants pops up.

Isn't that what everyone does?

People that take those offers don't have cash... if they did they would be doing what you said ;)

  • Like 1

Probably a bit of a broad question, but say on a 430-450k property, what kind of rent would I be looking at?

Don't think going to 450 would be a problem, maybe even more as she pretty much pre approved me to around 400 almost a year ago, and there's a lot more $ sitting there now...

More about having someone else paying off a property for me... Start with one, then get another, and so on... A straight up rental sitting there paying for itself (for the most part anyway) just so I feel like I'm doing something with my money rather than it just sitting in the bank doing nothing..

Might look into something else like a joint on a bigger block of land like you prefer later down the track when I have some energy/motivation to do something with it..

just so I feel like I'm doing something with my money rather than it just sitting in the bank doing nothing..

You could always pay down your existing mortgage in the meantime... same same

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now



  • Similar Content

  • Latest Posts

    • The ATTESSA is functionally identical to R34; there were a bunch of JDM models that continued ATTESSA including Fuga/Q70, Skyline/Q50, Cima etc as an option. All with Auto only and I think mostly for snow regions. AFAIK there were no AWD VR30DDTT sold in Australia - it is on my to do list to check regs for racing a LHD car in Targa/ATR/AASA/CAMS events because if I can get the auto to work it would be interesting to run a 4wd car The Ecuteck TCM tuning is the same model as their ECU tuning, they already have it for R35 and Dose's favourite, BMW. You buy "points" to allow your computer to be tuned, buy either a bluetooth (phone app) or bluetooth+USB+Key (phone and PC) dongle, and pay for a tune that will be locked to your tuner ( ). You can also access the tuning software yourself but 1. it is mega expensive and 2. these computers have a billion parameters that intersect, so how could you ever spend enough time on it to get a decent result.
    • Or, is it a case of what it is like owning an R series Skyline? NFI what the previous owner has done or fiddled with... Ha ha ha After reading through this thread, I went on a bit of a research about the Q50/Q60. Now I'm quite intrigued by them! Is the AWD in them more like a WRX where it's always AWD, or is it more like the ATTESSA in the GTRs? By the sound of this TCU tuning, this sounds like a case of someone has made some real software for it, and you just need the right piece of hardware, and then you license that specific vehicle/TCU. Or is this a case of the software will be really expensive so only a few tuners have it, and you still have to pay a license per vehicle?
    • By popular demand.. it was a coil. Got my hands on 1 new OEM coil, replaced with the one that made the less noise difference when I unplugged it while the car was running and started the car up. No stutter and the engine light was gone. I guess I’ll buy the other 5 they have lol
    • No, code 21 is very straightforward. It can only be the things described in that diagnostic flow. In fact it has no way of knowing that the spark plug resistance is out of spec.
    • Hi, SteveL Thank you very much for your reply, you seem to be the only person on the net who has come up with a definitive answer for which I am grateful. The "Leak" was more by way of wet bubbles when the pedal was depressed hard by a buddy while trying to gey a decent pedal when bleeding the system having fitted the rebuilt BM50 back in the car, which now makes perfect sense. A bit of a shame having just rebuilt my BM50, I did not touch the proportioning valve side of things, the BM50 was leaking from the primary piston seal and fluid was running down the the Brake booster hence the need to rebuild, I had never noticed any fluid leaking from that hole previously it only started when I refitted it to the car. The brake lines in the photo are "Kunifer" which is a Copper/Nickel alloy brake pipe, but are only the ones I use to bench bleed Master cylinders, they are perfectly legal to use on vehicles here in the UK, however the lines on the car are PVF coated steel. Thanks again for clearing this up for me, a purchase of a new BMC appears to be on the cards, I have been looking at various options in case my BM50 was not repairable and have looked at the HFM BM57 which I understand is manufactured in Australia.  
×
×
  • Create New...