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    @1428-1239
    Join Date: 2009
    Post Count: 18
    April 19, 2009 - 3:02 am

    ok reply here asap if it doesnt work

    Profile photo of 1428 12391428 1239
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    @1428-1239
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    April 16, 2009 - 3:16 pm

    yes i will pm you, yep 3 day mega conference

    Profile photo of 1428 12391428 1239
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    April 14, 2009 - 4:31 am

    ok thank you i will actually listen to all of that, i will find a specialist accountant, and i will talk to some who has done wrap.ok that makes sense thankyou guys

    Profile photo of 1428 12391428 1239
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    April 12, 2009 - 4:56 am

    i have question one covered now thanks anyway im going to see an accountant

    with question two i know the idea of a wrap i just thort if  your going to do a wrap would you not take a bond incase they default on their loan which could be repaid back to them at the end of the first year or something? or is that not legal
    i thought that would be a logical precaution? please explain for me.and what other precautions are out there?

    Profile photo of 1428 12391428 1239
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    April 8, 2009 - 2:58 am

    hey S Hales

    yes your dead right  non success stories would be a great addition aslong as the details that can be learnt from are provided.

    Profile photo of 1428 12391428 1239
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    April 6, 2009 - 1:11 pm

    take into account monetary value over time, that 10000 becomes non existent, your looking at 50k markup with 2% interest in 340-370 price range before people will begin to look at it

    Profile photo of 1428 12391428 1239
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    April 6, 2009 - 1:06 pm

    sorry guys have been busy.

    its residential, its in karratha and its tenanted by defence housing for 1200 a week, mortgage repayments at average 6% giving cash flow of 20000pa roughly.

    Profile photo of 1428 12391428 1239
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    April 6, 2009 - 5:56 am

    yeah what he said whats the purchase price and what they looking to buy it for, and what interest rate?

    Profile photo of 1428 12391428 1239
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    March 27, 2009 - 12:47 pm

    he didn’t buy it out right though, he’s tenanting them and so has limited equity except for the deposits he put down, surely a bank wouldn’t secure a loan of that?

    now that is a good idea!

    ok thank you, what sort of properties and what sort of price range?
    development sites, ill look into it, thanks for the reply!

    Profile photo of 1428 12391428 1239
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    March 26, 2009 - 11:37 am

    what state are you from?

    Profile photo of 1428 12391428 1239
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    March 26, 2009 - 11:28 am

    yep bird dogging is where you find positive cashflow deals or really good bargains and then forward them onto investors on this sight, for a small finders fee

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    March 25, 2009 - 8:56 am

    yes please go ahead ask all you want!

    no i havent used my FHOG but i definately would if there was the opportunity but  there's no-one willing to loan.

    I have a part-time job but I am currently studyin property and finance at university so i couldn't take on a full time job. Thats the problem, no credit rating, no full time job, no loan, and all those different deals like wraps where i wouldn't neccesarily need a large deposit i can't do because no-one would lend.

    I live in Perth and want to invest in Perth because i know the area and i know the house prices.

    I have been thinking about being a spotter, but are 'bird-dogs" successful every now and then on here or would it be a waste of time? Because i have the time and the knowledge to find good deals, just not enough money to act on them, and i really dont want to miss out on the cheap opportunities at the moment, i just dont know where to begin.

    thankyou so much for replying, would love some more

Viewing 12 posts - 1 through 12 (of 12 total)