batts71 replied to the topic Determining the market cycle? in the forum Creative Investing 19 years, 3 months ago
Hey Dazzling,
Brilliant post!
I’m a novice in the IP game, but that sure made a lot of sense to me.
I’m sure there are always going to be stats out there to suggest you should either NOT invest now or INVEST now.
Cheers,
Batts
batts71 replied to the topic Commercial property advice – Factory units in the forum Help Needed! 19 years, 3 months ago
Thanks Christian,
I have read some of those for/against in Dolf De Roos book “Real Estate Riches”, but I haven’t found too much else around. Dolf has an upcoming seminar (4hrs) specifically on Commercial Property so I’ll try and attend that, and no doubt have a look at the course he’ll be selling
Cheers,
Batts
batts71 replied to the topic Commercial property advice – Factory units in the forum No Subject 19 years, 3 months ago
Thanks Hellman,
Appreciate your reply, you have reinforced a lot that I have read about the pros and cons.
I have read that the value of a commercial property can be somewhat linked to the lease in place. A secure tenant with a long term lease increases its value.
Is there any logic to the following:
Locating a property (like a factory)…[Read more]
batts71 replied to the topic Commercial property advice – Factory units in the forum Help Needed! 19 years, 3 months ago
Thanks guys,
I’ll troll through the forum and see wht I can find.
There definately seems a void of information out there about Commercial – I can see why Dolf De Roos has started conducting seminars on the topic.
I suppose the positive aspect is that there should be less competition out there when buying!
Thanks again ,
Cheers,
Batts
batts71 replied to the topic do these numbers work? in the forum Creative Investing 19 years, 3 months ago
There is no issue with banks.
With the Lease option, in its simplest form: you are renting the property out and giving the tennant the opportunity to buy it.
The conditions can be as creative as you like. The term can be as varied as you like, the price can be predetermined, based on future valuation, based on CPI or whatever.
Cheers,
Batts
batts71 replied to the topic do these numbers work? in the forum Creative Investing 19 years, 3 months ago
I am actually living in the USA at the moment, Seattle Washington. Ive been here for 12 months, and returning sometime in 2006.
From what I have seen/read/heard the USA property market seems similar to Australia, in so much as there are boom areas and stagnant areas.
Vegas has finished its boom (where builders are now discounting prices),…[Read more]
batts71 replied to the topic do these numbers work? in the forum Creative Investing 19 years, 3 months ago
Hey Dr X,
Im a rank novice in the L/O market, but my thoughts:
Great cashflow, with $360 rent per week. But with $160 credited back towards the pruchase price you are providing $41,600 in credits over the 5 year term. Meaning your back end profit (minus the credits) is only $5,400. In addition are you crediting the Option fee towards the…[Read more]
batts71 replied to the topic Lease options-questions in the forum No Subject 19 years, 3 months ago
Hi Celivia,
I just read your post with great interest as i am considering the pros and cons of Lease Option strategy.
I have also read that it is possible to attach specific conditions to the “Options” contract as oppossed to the “lease” contract.
I am however a little confused with the issue you raise about using the “tenants equity”.
As far…[Read more]
batts71 replied to the topic Advice buying units Gold Coast in the forum No Subject 19 years, 3 months ago
Any suggestions for places to begin reseaching?
batts71 replied to the topic Anyone purchased Ricks Lease Option course? in the forum Creative Investing 19 years, 5 months ago
Thanks for that. I was aware of his course, but as i’ve already spend XXXXX $$ in the USA on a course/bootcamp I thought i’d just share info with those that may have done his course.
Although I will need to get contracts which are applicable in Oz (Qld specifically)
batts71 replied to the topic Qld solicitor whom KNOWS Lease Options in the forum No Subject 19 years, 6 months ago
Thanks guys,
Really appreciate the contact- it makes life much easier!
batts71 replied to the topic Qld solicitor whom KNOWS Lease Options in the forum Creative Investing 19 years, 6 months ago
Thanks for that.
i’ll drop them an email and see if they can assist.
It makes things a little difficult when I’m still over in the USA, but it’s good to get the ball rolling.
batts71 replied to the topic Units in US in the forum No Subject 19 years, 6 months ago
G’day all,
I have recently moved to Seattle, WASHINGTON from Brisbane and will be here for another year or so. Let me know if I can assist at all.
Cheers,
Batts
batts71 replied to the topic Lease option Contracts in the forum Help Needed! 19 years, 6 months ago
Thanks for the replies.
Now, next step!
Can any suggest a good Real Estate attorney, I mean solicitor in Qld whom is familiar with Lease Options etc.
Thanks guys..
batts71 replied to the topic Lease option Contracts in the forum Help Needed! 19 years, 6 months ago
Thanks guys,
I have the same question – why cant L/O be done in Qld?
Does it make any difference if they are done on 2 seperate documents, a simple lease or rental agreement then a free standing Option to Buy contract?
That is how they are done over here.Thanks for your time guys..
Cheers,
Batts