algenon

algenon replied to the topic South Australian investors in the forum No Subject 19 years, 6 months ago

Hi All in Adelaide,

I recently moved to Adelaide from Sydney (3 months ago) and have been in Temporary accomodation until last week when we moved to a rental house in MArion.

I’m currently bleeding from 2 sandwich lease options in Sydney (along with my family home which I hope to sell via a wrap) which haven’t worked out. I will be plugging…[Read more]

algenon replied to the topic Rental woes and 1st time investor mistakes in the forum General Property 19 years, 6 months ago

Hi Mermaids,
Don’t wait until August! You won’t find a +ve cash flow deal. You need to make them.
I too am licking my wounds. About to add a new topic describing them.
I have recently moved to SA and would like the opportunity to meet up. Maybe we can generate some ideas to move your deals into =ve cash flow territory.
We may also be able to…[Read more]

algenon replied to the topic Sandwich-Lease options? in the forum Creative Investing 19 years, 6 months ago

Quite hard to do!
Make sure you know your market before doing a sandwich. ie have buyers lined up before you negotiate the lease option with the owner… OR negotiate the lease option in such a way that you don’t start making payments until you have secured a buyer.
I currently have two houses secured under lease options and have had for a number…[Read more]

algenon replied to the topic Finding Wrappee in the forum Creative Investing 19 years, 6 months ago

Dear All,
Thanks for your responses. I too have been converted to the idea of finding buyers first, rather than vice versa. I am involved in sandwich lease options (so far with only one slice of bread in place and am suffering due to a decline in interest after the intitial contact with the client (end purchaser).
I was introduced to lease…[Read more]

algenon replied to the topic Temp Resident – Looking for advice & mortgage in the forum No Subject 19 years, 8 months ago

A question… Can a non resident enter into a lease option arrangement with a view to permenant residency and then buying ‘down the road’ as a permenant resident? Methinks I should contact the foreign investment review board. However if someone has had experience selling a Lease Option to a non resident, confirmation would be very helpul. To…[Read more]

algenon replied to the topic Re lease options in the forum Creative Investing 19 years, 8 months ago

I am with jscott… The tenant (always refer to them as a buyer) must win. So too the seller and you in the middle.
I am currently finalising two sandwich (or back to back) lease options simutaneously which have taken far too long and cost far too much. I left my job nearly a year ago to jump in the deep end. I’ve come very close to throwing in…[Read more]

algenon replied to the topic private selling in the forum Help Needed! 19 years, 8 months ago

Try http://www.owner.com.au
Have used it to find property
All the best!