Real life example of buying under market value

Discussion in 'The Buying & Selling Process' started by D.T., 16th Aug, 2015.

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  1. Colin Rice

    Colin Rice Mortgage Broker Business Member

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    Awesome Dave, very resourceful.
    Looks like we have a budding Adelaide BA???
     
    Colin Rice, 27th Jul, 2016
    #61
  2. sash

    sash Well-Known Member

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    You have to pay LMI to redraw up to 90%.....

    The areas you are targeting have low CG.

    I like to make a 100k on my deals within 3 years....
     
    sash, 27th Jul, 2016
    #62
  3. Colin Rice

    Colin Rice Mortgage Broker Business Member

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    @Andrew H - some banks will also use a desktop valuation to 80%.
     
    Colin Rice, 27th Jul, 2016
    #63
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  4. DaveM

    DaveM Well-Known Member

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    He had better not, or we will be taking a drive to the bush with a shovel and bag of lime... :D
     
    DaveM, 27th Jul, 2016
    #64
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  5. Colin Rice

    Colin Rice Mortgage Broker Business Member

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    @D.T. Just read the whole thread. Some of the comments where hillarious.

    You are the hero in this story handsdown.
     
    Colin Rice, 27th Jul, 2016
    #65
  6. Colin Rice

    Colin Rice Mortgage Broker Business Member

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    @DaveM Whats the lime for?
     
    Colin Rice, 27th Jul, 2016
    #66
  7. DaveM

    DaveM Well-Known Member

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    The celebratory bottle of Corona afterwards :)
     
    DaveM, 27th Jul, 2016
    #67
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  8. Simon Hampel

    Simon Hampel Founder Staff Member

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    @DaveM @D.T. and @bob shovel a bag of limes and a case of tequila? Probably mining their own salt in the bush.
     
    Simon Hampel, 27th Jul, 2016
    #68
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  9. D.T.

    D.T. Specialist Property Manager Business Member

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    Dont really have any interest in BA work at this stage. I do the inspections gig still which is going to look at properties people have sourced themselves and seeing if they stack up etc.
    I'd go a tequila with them. There'd be some interesting stories come out no doubt.
     
    D.T., 27th Jul, 2016
    #69
  10. RetireRich101

    RetireRich101 Well-Known Member

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    is this version of Adelaide's under belly
     
    RetireRich101, 27th Jul, 2016
    #70
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  11. Dylan33

    Dylan33 Well-Known Member

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    Isn't it just the water usage passed on to the tenant. You'd still have to pay the other water fees? Just a small observance in your calcs.
     
    Dylan33, 27th Jul, 2016
    #71
  12. bob shovel

    bob shovel Well-Known Member

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    Tequila to help ease the tenant pain over there :eek: or more so the wife complaining about the tenant!:cool:

    We have nothing on the dudes in "murder capital of Australia" (not based on numbers but most messed up). Are "the family" stil getting around @D.T. ?
    The Family Murders - Wikipedia, the free encyclopedia
     
    bob shovel, 27th Jul, 2016
    #72
  13. cstar

    cstar Member

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    Great story - it is a free market after all. Seller's happy to meet buyer's offer, then it's a deal.
     
    cstar, 27th Jul, 2016
    #73
    Colin Rice, D.T. and Perthguy like this.
  14. DaveM

    DaveM Well-Known Member

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    Water supply charge and usage can be passed on. Sewer is landlord
     
    DaveM, 27th Jul, 2016
    #74
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