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  • Profile photo of bjcampbbjcampb
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    @bjcampb
    Join Date: 2012
    Post Count: 24

    Thanks Paul, I have been meaning to call you but been getting side tracked with work etc.

    Profile photo of bjcampbbjcampb
    Participant
    @bjcampb
    Join Date: 2012
    Post Count: 24

    Hi Paul

    i was also looking at the Siacci System.  I am little confused which one is better value for money out of the following two:

    Rick Otten Boot Camp

    or

    The Siacci System.

    Anyone got any idea which one is better value for money

    Cheers

    Belinda

    Profile photo of bjcampbbjcampb
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    @bjcampb
    Join Date: 2012
    Post Count: 24
    Profile photo of bjcampbbjcampb
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    @bjcampb
    Join Date: 2012
    Post Count: 24

    Vendor Finance manuals through Vendor Finance Institute

    Profile photo of bjcampbbjcampb
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    @bjcampb
    Join Date: 2012
    Post Count: 24

    NSW mainly and i have one property in QLD that i want to vendor Finance.

    Profile photo of bjcampbbjcampb
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    @bjcampb
    Join Date: 2012
    Post Count: 24

    Hi Paul

    I have looked at a couple of the websites you have provide and thankyou very much for your help.

    We really want to vendor finance two properties on our own but with some guidance and help.  Would any of these websites and there owners help us with this?

    Regards

    Belinda

    Profile photo of bjcampbbjcampb
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    @bjcampb
    Join Date: 2012
    Post Count: 24

    Thanks for the replies.  I am located in Richmond, NSW

    Profile photo of bjcampbbjcampb
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    @bjcampb
    Join Date: 2012
    Post Count: 24

    the reason the Cleveland property is negative geared is because the repayments are way more than the rent we are receiving.  We get depreciation back but we are still out of pocket quite a lot of money.  We bought both of these proeprties when we were green to investing and in hindsight was a huge mistake.  This one has not grown in value despite it being less than 20 minutes to Brisbane.  But as everyone knows QLD ain't doing so well.  I hoped it would go up in value but an investor bought a heap of properties in the complex and has started to sell them off super cheap so our property has gone down instead of up.  Just really unsure what to do and we really want to keep moving forward while we are still young enough to keep working.

    Profile photo of bjcampbbjcampb
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    @bjcampb
    Join Date: 2012
    Post Count: 24

    One unit is only 2.5 years old and I we have had the other one on the market for well over a year now.  May have to look at vendor finance again.

    Profile photo of bjcampbbjcampb
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    @bjcampb
    Join Date: 2012
    Post Count: 24

    Hi There our loans are interest only and are all stand alone loans.  Can't increase the rent because we made two bad choices when we bought these properties and they are not in super growth corridors.  We are already PAYG these properties. 

    Cleveland we owe 420K, rent is only $420 , we are out of pocket $320 per week but this does not include the variation rebate we get back.

    Lemon tree we owe $174K, rent is $220, we are out of pocket $157 per week but also this doesn't include the variation.

    Anyone in a similiar situation or has any ideas on what we should do??

    Bel

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