Hi Resiwealth,

I never claimed to know it all when it comes to investing or money. It was just a simple question and I dont understand why you are making such a big deal out if it. You dont have to insult me for what I believe. I am entitled to my own personal opionion.

In regards to what I am doing in my working years to have a dignified…[Read more]

Hi ResiWealth,

I checked that topic that you were referring to but I dont think it answered all of my questions.
I think the discussion consisted mostly of contributors attacking other contributors.

Also, sorry to sound to ignorant as I am new to this site and currently not living in Australia. I am looking to form a private REIT in the US and…[Read more]

Hi Resiwealth,

Which front page are you talking about? What is so obvious about my question?

Thanks.

Kindest regards,
Al

Hi KP,

Thanks for your advice in regards to using private funds.

Yes I do know a few hard money lenders and private lenders but unfortunately they are based overseas. I hardly go to banks when I want to borrow money for realestate deals in the US. I have been asking around for hard money lenders here, I think there is one in Sydney CBD that…[Read more]

Thanks for all your replies.

The reason why i prefer non-conventional sources than conventional is because eventhough it is obviously much more expensive to acquire funds using non-conventional sources i feel that it is much faster to acquire properties that way.I am also able to buy as many properties as i want without anyone (like banks…[Read more]

Thanks Simon for your reply. I am still learning the rules when it comes to investing here in Australia. i am trying to adapt some of the strategies that I have used in the US here.

Really appreciate your help.

Kindest regards,
Allan

There are different types of condominiums. For example:Townhouse type condos, apartment house condos, office building condos, industrial park condos.

It is basically any of the above where the owner holds title to each individual unit.Each owner pays taxes on his/her property,there is an underlying fee/management fee and is allowed to sell or…[Read more]

Hi Westan,

Sure I’ll let you know what I have found about property development through research.

My goal is to build or renovate multi-family units then renting 75% out (hopefully that would be enough to cover expenses and give me positive cashflow) and then mortaging out for another project and the rest I’ll sell for quick cash provided that…[Read more]

Thanks so much for replying back to my message Kay Henry.

Thanks for telling me about the Residential Tenancy Act. I am still on the research phase of things. I want to get a clear understanding of the property laws here in Australia before I implement any of the investment strategies that I have used in the US.

Hi Richard,

Thank you kindly for posting a reply to my message. I really appreciate it!

Kindest regards,
Allan

Thanks for the advice Simon. I’ll definitely give it a try.

Actually, one of the deals that I have structured in the US using creative financing involved not just the seller but I got the realtor involved too, i asked her to leave some of her 6% commission on the deal and I’ll pay her 7%interest on her commision and luckily she agreed. I had to…[Read more]

Hi All,

Thanks for all your advice and suggestions.

Kindest regards,
Allan

Hi Quasimodo,

Thanks for the advice.

Well, in regards to your comment “Seriously though… your brain will give you the answers to the questions you ask… A better quality of question may be “*how* do you buy positive cashflow property in Australia?”. My reply to that is I already know how to structure deals that will allow me to acquire…[Read more]

Opps, what I mean to say on my original email message was would it be possible to find positive cashflow property not possible. [][]

Thanks again.

Allan

Hi Peter,

Thanks for the quick reply.

Well, having my own home is probably the second most important thing to me at this present time as my first priority is to acquire more investment properties to build my portfolio. however I would like to own a house to live in the very near future, let’s say 3 – 5 years time.

In regards to how long I…[Read more]

Hi Jason,

Thanks for replying to my email. I appreciate you taking the time to answer my questions.

Kind regards,
Allan