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Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of Andrew4Andrew4
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    @andrew4
    Join Date: 2003
    Post Count: 7
    August 22, 2003 - 4:18 am

    Thanks HousesOnly [:)] I will check it out.

    Best Regards,

    Andrew.

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    Be Great today!
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    Profile photo of Andrew4Andrew4
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    @andrew4
    Join Date: 2003
    Post Count: 7
    August 18, 2003 - 11:01 pm

    Hi William,

    Is there anyting you can to to increace the value of your existing property? Have you asked your tennants if there is anyting you could provide for them that they would be willing to pay more rent to have? How about some fresh paint, fan, heaters, air con, landscaping, stenciled driveway…

    To increase your income ask the question “How can I add more value?”

    Once you have increaced you’re income you will be able to lower that 95% by paying more off and raising the value of the property.

    There is allways a way[^]

    Best Regards,

    Andrew.

    ***************
    Be Great today!
    ***************

    Profile photo of Andrew4Andrew4
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    @andrew4
    Join Date: 2003
    Post Count: 7
    August 18, 2003 - 10:52 pm

    G-Day[:D]

    I have always thought (assumed) this internet email marketing stuff was a bit of a con. Maybe I need to be a little more open minded.[:0)]

    Can you give me a nutshell on what it is all about? What are these guys actually selling/marketing?

    Best Regards,

    Andrew.

    ***************
    Be Great today!
    ***************

    Profile photo of Andrew4Andrew4
    Participant
    @andrew4
    Join Date: 2003
    Post Count: 7
    August 15, 2003 - 5:20 am

    You can ask the vendor to accept say 80% of the money today and pay the other 20% off over an agreed time period. You can offer to pay him/her what ever interest rate you like, (0% sounds good to me, it depends how motivated they are to sell).

    Remember everything is negociable[^] even in a hot market.

    If you have not already done so, get your hands on Steve’s book, it is terrific for explaining such concepts.

    Best Regards,

    Andrew.

    ***************
    Be Great today!
    ***************

    Profile photo of Andrew4Andrew4
    Participant
    @andrew4
    Join Date: 2003
    Post Count: 7
    August 14, 2003 - 11:21 am

    What are you aiming for here, posative cashflow or capital gain?

    If posative cashflow, how long is the current lease? Have you asked the tenant what his/her plans are? Are there many rental properties availavle in the area?

    If capital gain, what is happening in the area? Developments? What is the council up to? Is the population increacing?

    Firstly decide what srategy you are planning to use then decide if this property fits the strategy.

    Looks tempting though, make sure you have the downside covered. Look at the worst case scenario.

    I have probably given you more questions than answers right now, but you need to consider them when making your decision.

    Keep at it

    Best Regards,

    Andrew.

    ***************
    Be Great today!
    ***************

    Profile photo of Andrew4Andrew4
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    @andrew4
    Join Date: 2003
    Post Count: 7
    August 14, 2003 - 6:58 am

    Don’t forget, you can allways ask for some vendor finance if you are a little short of that 80% deposit.[:D]

    Best Regards,

    Andrew.

    ***************
    Be Great today!
    ***************

    Profile photo of Andrew4Andrew4
    Participant
    @andrew4
    Join Date: 2003
    Post Count: 7
    August 14, 2003 - 6:33 am

    Can anyone recommend a good accountant in the Sydney area? I am keen as mustard to get into my first IP but want to be structured properly first.[:P]

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