Any suggestions at all???

Will a lender give me finance if the 10-20% “deposit” has come in the form of Vendor Finance?

What rates does the vendor usually receive for the Vendor Finance?

Is it complicated?

Help needed….

Cheers,

Battz

Agree with Peters comments. Margaret does advocate buying sight unseen as that removes any “emotional attachment” to the property.

I have 2 point here:

1. I think its actually a positive to have an emotional attachment to the property. If I thinks its a attractive property then there is a good chance that a potential tenant will also. This…[Read more]

AD,

Corr, ect me if Im wrong, but doesnt Steve, in his book encourage people to come to this forum to advertise properties for a fee?

Battz

G’day all,

Just saw the suggestion of building capital with no $$$ behind you, by flipping. I’v read Steve’s book so I have a brief idea, but doesnt flipping require the purchaser to still have finance approved, and then on sells it at a joint settlement? Or have I just got myslef horribly confused..

Cheers,

Battz

Hgwells,

Sounds like good numbers, $98k and $220 p/w. Just goes to show they are out there.

I should have added with my story that it took me 2 months, approx 80 hours of internet research and viewed 70 houses.

But I think you’d agree its worth it.

Cheers,

Battz

G’day Erika,

I agree 100% with your comments. Every author/speaker has a slightly different strategy or approach, and you have to feel comfortable with that idea.

For example Steve with wrapping. If you are not comfortable with the concept of wrapping, then part of Steves book may not be for you.

Personally I love to “buy” stuff, and am always…[Read more]

G’day Arty,

Convincing the “other half”, not the easiest task in life…[]

I signed a contract on a 3 bedroom property last week, purchase price $88k and will return $160 p/w as is. Ahh, I hear grumbles out there “but this doesnt fit the 11 sec rule”

But wait thee’s more!

One of the bedrooms is a long room, with an entry door at either end.…[Read more]

Thanks Karl,

I was starting to think I was the only one who had read the book….

Well I didnt really read it, just looked at the Pics..[]

G’day all,

After reading Steve’s book, and this thread, I was wondering if there are any “guidelines” as to using this “spotters fee” system.

For example what do people charge for introducing them to a deal (subject to it being bought)?

Is the introducer relying simply on the honesty of the buyer to pay them after they have bought the…[Read more]

Fair Comment Landlordz,

But I believe there are some things which shouldn’t necessarily be aired on the forum. For example if someone paid $$$$$$ to attend a 2 or 3 day seminar, should they then come back to the forum and reveal all the “secrets from the course”

Or if you attended the “Reno Kings” seminar, then came back and uploaded the…[Read more]

Crashy,

Understand you views and fair enough. I suppose I was just quite surprised to see someone on this forum whom was so critical of property.

I must admit that Dolf De Roos book “Real Estate Riches” provided the motivation for me to enter the property market, but I am unsure if he has any qualifications in accounting or financial…[Read more]

G’day Crashy,

It appears you have a wealth of Knowledge on the Share Market, and I must admit my knowledge base is very limited and I’d been keen to do a course to give me a better unerstanding of the market.

I visited your website, but was surprised by the highly critical views you have of property and those whom conduct seminars to pass on…[Read more]

Sorry Calron, I have to leap to Comdoms defence. I agree that this forum is a great source of information and gives members the tools they require to become successful positive cashflow investors.

The key word here is TOOLS. There is no free ride, nor should there be. Once you have the tools, then I believe the onus is on the investor to do…[Read more]

G’day Callum,

His book “Real Estate Riches” is widely available in most book shops.

One of his philosophies in buying property is to buy right. For example, if you buy a property for $90,000 and its valued at $100,000 you have just grossed $10,000 in equity, even if there is no immediate capital growth!

But to do this you need to do your…[Read more]

As Dolf says:

1. You can buy property well below market value by researching and putting in plenty of offers. With shares you buy At Market Rate.

2. There are a hundred things you can do to massively increase the value of your property once you have bought it. (renovate, add A/C, add bedroom, landscape etc etc). With shares there is…[Read more]

Excellent, I’ll wear my skirt! [:X]

P.S.,,
Just a quick question to those whom have attend their seminars, do they cater for those whom are “Handyman Challenged”, or do you have to be reasonably handy to get value out of it?

Cheers,

Battz

Prop,

Im doing some research on the “Reno Kings” myself. On face value it seems good value, I have only heard positive feedback. However I did hear that its a lot of slides shown.

ANy other comments from anyone?

Cheers,

Battz

Mark,

Drop me an email, vmax@bigpond.net.au I am in the middle of finance at the moment and can relay my experience

Battz

Mini,

SO you think the De Roos tapes are good value? I have been considering buying them but just haven’t got around to it.
I was very impressed with his book, “Real Estate Riches”, as he is the first person I’ve heard say “Buying well” is the key. They have known that in the used car market for years, money isnt made with a good sale, its with…[Read more]