G’day xyzzy…

Very much the same:

16th Century Holland they sold R/E to speculate in tulip bulbs. Tpday their “own homes” are being flogged off/ or put at risk to speculate in “off the Plan”, Regional/Country properties, commercial, NZ, car parks and as of tonight BSS’s.
At the end of the day…No tulip bulbs..no house

today No BSS”s, inner…[Read more]

G’day Paul…

I am cerain that I will never be taken seriously again ! But then, I did get 7 emails requesting that I reserve 4 BSS’s. I just don’t know how to respond to them.

About to ask you for any suggestions… but thought better of it.

Bit of a worry.

Cheers

Bill

Bill O’Mara
Real Estate,Mortgages,Share Market…[Read more]

Fellow Investors….

My negotiations with the NSW RTA took many months of hard work and as I said at the outset…there are reasonable conitions attached to your Investment.

I feel I must respond to some of the ideas and suggestions put forward by members of this Forum.

There is a maximum of 4 BSS to each individual and that includes you too…[Read more]

G’day Fields…

My sentiments exactly.

My concerns used to be for those buying into regional areas that, traditionally go nowhere for ten or more years. In a bubble like this, anything anywhere will rise in price.

But, look out when the music stops.
A bit like “pass the parcel”….many will be hurt.

However the real worry is that I have had a…[Read more]

G’day Craig…

Interesting proposal you have suggested.

I meant to say that the unsheltered BSS’s are at the reduced price of$6,250…that’s 50%off.

However it must be a cash deal. After all, what if you don’t build? All I have is a yellow post as security. But think of the increased value once you complete the BSS. Get it refinanced and onsell…[Read more]

Paul…

Seeing your a good customer, yes you can have another 20 and i’ll finance at 100% in the CITY ONLY. Regional because of little to no future CG I’ll still do the 100% but have to charge you either a Grand each LMI or alternatively hafta cut your Dad outa the Western Sydney Ranch…only fair, as I am taking all the risk.

Naturally I expect…[Read more]

Hey Alf…

You forgot the “Option Writing Strategies

Nearly as good as BSS’s. By the way Cherrie just ordered 4 BSS’s in Pitt St. Sydney. Better than car spaces. Bit a bitunen and a couple of white lines.

Bill
ps. Only 53,221 left…don’t muck around…or you’ll miss out. Thats a 1000 sold in 2 hours.

Maybe a book in the making….0 to 1000 in…[Read more]

G’day Alf…

Sorry Mate, you’ll havta wait for NZ. You see I got them tied up too. To be released in Mich 2004

Don’t worry about little things like a BSS Buyer Beware Template….. All you have to do mate is check with Paul …he’s already bought 20.

And your “due dilligence”…I wish someone woul change that phrase…in 30 odd years we just…[Read more]

G’day Paul…

Yeah mate…all covered ,you can use your FBSSOG
as long as only one per BSS and that you have never owned one before.

Hope this helps in your descision making.

Don’t forget the delayed settlement is an added Bonus, with an appropriate settlement date.

Thanking you for you order of 20 BSS’s

Bill

Bill O’Mara
Real…[Read more]

G’day Paul…

Tell you what I’ll do for you…

Don’t worry about the chq, just send the Deeds to the Ranch in Sydney West. I’ll do a deal with ya Dad…50/50.

Have allocated all 20 BSS on Parramatta Rd for you so your inspections each few months will be a breeze. My brother, LuckyPhil, is worried about Vagrants….jeez, ya can’t satisfy some…[Read more]

o2befree..

I suggest you get legal advice asap.

If she does not have a caveatable interest a Solicitor will fix it for you. You will not get the advice you need on any Forum…Legal Issue.

Call a Solicitor Tomorrow

Bill

Bill O’Mara
Real Estate,Mortgages,Share Market Strategies.
billomara@iprimus.com.au

G’day Hotrod…

If you had asked ” What’s good about XColl…

You’d have got 9 short answers……….“Nothing”

Bill

Bill O’Mara
Real Estate,Mortgages,Share Market Strategies.
billomara@iprimus.com.au

G’day Pinit..

Now I feel guilty !

So tired tonight and saw the kids intelligent request for info…and like you, felt obliged.

So I really appreciate the trouble you went to helping someone, especially a young one at that, when I was going to “give it a miss”…so thanks, I couldn’t have answered any better.

Cheers

Bill

Bill O’Mara
Real…[Read more]

Steve & Sharon…Hi

To explain my suggestions I’ll use approx. figures

If it was my scenario I would do the folowimg…

Your home at …$350,000 …Refinance with a two in one type loan to a total of 80% = $280,000.

The $280k is split in two…$130k P&I loan …and
$150k Line of Credit for Investment, but NOT at the moment. I would get the…[Read more]

Hi Mitzu…

There is no need for you to be having problems in selecting aBroker who will look after you.

Isuggested that you contact one of the Brokers on this Forum, as they volunteer their time freely in giving advice. The advice I have read on the forums has been sound.

If you want more than an email address and prefer to talk with a broker…[Read more]

Daisii and Mel..

What it may come down to is if the property was bought as Joint Tenants( husband/wife) or
if as Tenants in Common ( couple of mates, biz partners) then perhaps it will be treated differently as Tenants in Common would not be considered as a “Love and Affection” transfer.

Legal matter..

Bill O’Mara
Real Estate,Mortgages,Share…[Read more]

G’day Mel…

Don’t do anything like that, ring my solicitors as your in Canberra from memory. Meyer Clapham
on (02) 6279 4444 and talk with Paul Green or Michael James. If you can’t get a definite answer
over the phone..go and see them.

Cheers

Bill O’Mara
Real Estate,Mortgages,Share Market Strategies.
billomara@iprimus.com.au

G’day Daisii…

You need to check with a Solicitor, a phone call would do it. I am sure that I’m right in saying that it is referred to asa “Love and Affection” transfer, and as such, no Stamp duty is payable.
Maybe a small Govt. charge for registration.

Cheers

Bill O’Mara
Real Estate,Mortgages,Share Market Strategies.
billomara@iprimus.com.au

ROD C is the winner..[]

2000000/1.104 and do it 15 times on a $3 calculator. Guess what…to check your answer you only gotta multiply $453,412.92 by 1.104 and you get 2 million bucks.

That was an easy one…I’ll think of a hard one next time.[}]

Most of you made it so complicated…or had 2-3 goes at it, aaand made a total balls up

Buggered…[Read more]

G’day Hot Rod…

As stated in the previous reply you have……. it does tend to give the Lenders more security than is required. This obviously reduces your available equity for another purchase.

You certainly make it harder for yourself if two or more loans are cross collateralised.

For example if the properties are “stand alone” deals then…[Read more]