ENK LIFE      Erasmus and Kinkajou What you need to know about LIFE -
what they don't teach you at school.

 

 

 

Donations
Because we need your help
to survive & keep working

 

 

 

 

 

 

 

 

 

 

 

You can help us do our work if you just tell one new person about something valuable you found on our site.

 

 

 

 

 

 

 

 

 

 

 

 

 

You can help us help the world if you just tell one new person about something valuable you learned on our site.

 

 

 

 

 

 

 

 

 

Erasmus Erasmus :  Our List of Questions to help you get Answers:

Site Address:
Why are you selling?
Bid Goal:
How long on market so far:

 

Valuation 
Pricing History Multiples of Earnings  
Price per M2   
Similar Sales in Area

Rental Contracts:
Income Guarantee Contracts:

ReBuilding Cost:                           
Land Area:

Freehold vs. Leasehold vs. Strata Title         
Caveats e.g. Building or maintenance restrictions
e.g.   Rental or usage issues in “pool”

 

 

Costs                                            Commissions:

Rates      Insurance       Cleaning        Problems
Body Corp.       Sinking Fund    Cleaning
Caveats e.g. Management Rights

 

 

Features of Accommodation                             

Unit House      Short Stay           

Orientation/ Sun     

View     

Accessibility

 

 

Region:
Transport       Shops      Schools         Work Locations  Road Noise

Good Area / Bad Neighbours

 

 

Income:
Typical Regional Rentals        

Vacancy              

Target Rental Market Size:

 

 

Growth Story               Population Base      

Special Regional Problems

Capital Gain Prospects           Rental Failure Prospects

 

 

Maintenance Issues

 

Cottage For SalePretty House For Sale.

Kinkajou Kinkajou : Print out the checklist and try to get answers whenever you talk to someone about the real estate you are researching

Goo the Numbat Goo : Its always good to have a checklist. Its helps you to focus on important issues that you may not remember to ask about.

 

Erasmus Erasmus :  Banks will generally only loan you money to the extent that
repayments are equal to 25% of your income. This ensures you have enough money to pay your tax and live on.

You can do the sums to learn what e bank will loan you.
e.g. If you earn AUD80,000 per year, this means that your maximum repayment will be 20000 per annum. So if interest rates are 3% at retail level,
you can borrow 20000/0.03 = AUD 660,000

 

 

 

 

KinkajouErasmus