Join Australia's most dynamic and respected property investment community

Hello Investors! Brisbane based thread stalker

Discussion in 'Introductions' started by Alissa, 20th Dec, 2016.

  1. Alissa

    Alissa Member

    Joined:
    19th Dec, 2016
    Posts:
    8
    Location:
    Kangaroo Point, Brisbane
    Good Evening

    I've been reading this forum for some time and now, the year is winding down and I've got some time to sign up and say hello.

    I've recently sold an IP which I previously lived in for a number of years in Valla Beach, NSW. Did ok for holding it for a few years.

    Unfortunately I'm one of those people that Telstra defaulted, so now I'm in limbo, so I have some queries about finance but I'm also interested in Brisbane suburbs to invest in.

    Currently in Kangaroo Point, renting and taking some time to do research before my next purchase.

    Looking forward to being part of the property chat group!
     
    Gockie, Perthguy and KayTea like this.
  2. Property Twins

    Property Twins Mortgage Brokers - Australia Wide Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    1,720
    Location:
    Sydney, Australia
  3. Alissa

    Alissa Member

    Joined:
    19th Dec, 2016
    Posts:
    8
    Location:
    Kangaroo Point, Brisbane
    Thanks @MsAli I actually have read through a lot of Somerset in the past too. I've been an observer for a long time
     
    Property Twins likes this.
  4. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,677
    Location:
    Melbourne, Nationwide
    Hi @Alissa Telstra defaults (and other telcos) are fairly common. Unless it's a significant amount you'll probably find that many lenders are fairly willing to tolerate a default of this nature as long as it's paid and not a case of multiple defaults.
     
    Alissa likes this.
  5. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    1,773
    Location:
    Mt Druuiitt
    Well Hallo @Alissa

    Stalking and observing are part of my MO.

    Love to share techniques.
     
  6. Alissa

    Alissa Member

    Joined:
    19th Dec, 2016
    Posts:
    8
    Location:
    Kangaroo Point, Brisbane
    That sounds promising @Peter_Tersteeg
    I've been under the impression it's financial suicide and have been given advice to wait until it clears, 3 years is a long time to wait when there's some good opportunities in my backyard.
     
    Whitecat likes this.
  7. KayTea

    KayTea Well-Known Member

    Joined:
    10th Aug, 2015
    Posts:
    539
    Location:
    Brisbane
    Feel free to join us at the Brisbane PC meet up on 5 Jan, if you're free. We'll be at Stones Corner - an easy trip from Kangaroo Point.

    A great way to meet like-minded investors in person, and hopefully make some new friends while you're at it.
     
    Whitecat, JacM and Alissa like this.
  8. Alissa

    Alissa Member

    Joined:
    19th Dec, 2016
    Posts:
    8
    Location:
    Kangaroo Point, Brisbane
    Thanks @KayTea will try and make that. Is there a spot on here with the details of said meet ups?
     
  9. JacM

    JacM VIC Buyer's Agent Business Member

    Joined:
    12th Jul, 2015
    Posts:
    1,430
    Location:
    Melbourne, Australia
  10. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,677
    Location:
    Melbourne, Nationwide
    It's quite common for people to move house or similar and a telco bill goes missing and ends up in default. As long as it's not a huge amount and a one off, quite a few lenders will be understanding and ignore it.
     
    JacM and Alissa like this.
  11. Alissa

    Alissa Member

    Joined:
    19th Dec, 2016
    Posts:
    8
    Location:
    Kangaroo Point, Brisbane
    I actually paid it just recently, a combination of being in America, being stung with data charges and moving addresses etc. I've learnt my lesson and now I have pre paid phones! It was significant, $3500, internet and calls apparently don't come cheap when you're in the
     
  12. KayTea

    KayTea Well-Known Member

    Joined:
    10th Aug, 2015
    Posts:
    539
    Location:
    Brisbane
    Sure - it was only set up this afternoon 5 Jan meet up
     
  13. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,677
    Location:
    Melbourne, Nationwide
  14. Alissa

    Alissa Member

    Joined:
    19th Dec, 2016
    Posts:
    8
    Location:
    Kangaroo Point, Brisbane
    Haha.. yeah man, they stung me good. It's either wait or try one the pepper or liberty type loans. Thanks @Peter_Tersteeg i'd appreciate any feedback you've got available to you
     
  15. RPI

    RPI Property Lawyer, Town Planner Business Member

    Joined:
    19th Jun, 2015
    Posts:
    945
    Location:
    Brisbane
    Welcome. Kangaroo Point is awesome. When I moved from KP to Coorparoo there was serious discussion about moving too far out of city
     
    Alissa likes this.
  16. Alissa

    Alissa Member

    Joined:
    19th Dec, 2016
    Posts:
    8
    Location:
    Kangaroo Point, Brisbane
    @RPI That is gold, I am actually moving out to the "burbs" in Jan 2017 - on the border of Buranda/Annerley, it's literally 2.5 km down the road and I had the same concerns. Ridiculous isn't it! KP is lovely but so is value for money!

    I actually looked at a few places in Coorparoo, lovely leafy spot very close to the city..
     
  17. After its paid off you may even ask Telstra to consider wiping the default. You paid it all back in good faith...see what they can do. Asking the right people in that org will be the challenge. There will be a team leader for it somewhere ! Persist.
     
    KayTea and Alissa like this.
  18. Alissa

    Alissa Member

    Joined:
    19th Dec, 2016
    Posts:
    8
    Location:
    Kangaroo Point, Brisbane
    I negotiated a price and paid it back, I'm thinking of writing to Telstra and TIO and see how I go