Forum Replies Created
QL, it occured to me that Steve’s books carry numerous examples of real and “example” deals. [thumbsup2] I’m still learning and consuming way too much info to even comprehend all this about cross-colling and bitumising yet.
We just go to the simple bread and butter, like Steve lays out, and his protege` students in the “$M1 in 1 year” book. Zample after zample.
Favoured SE will reveal all sorts of “example” figures… enough said is that… it works when you crunch with Steve’s formulae.Bob Parker
Principal
FBP and Associates
http://www.fbpandassociates.com.auWorking with you to establish a more secure financial future for you. We can assist you through investment in residential real estate, home ownership and i-Commerce businesses. What future do you want from tommorrow?
We in the final stages of negotiating and settling a property our Ipswich way here in Qld. It is in need of major reno to be habitable. While within our management we have used early access for full reporting, design, quotation, quanity surveying and minor works before (without (to my understanding) haveing a contract fall over at the last minute, this one requires some big $$.
Speaking with a solicitor last night on just these scenarios, who is cautious but very strongly reminded us about no contract being unconditional untill settlement is achieved, and all early access issues being ones which should involve no cash or commitment from you or your client buyer. He identifies no legal impediment if it is within the contract.
He did emphasise the risk, especially, as said by another, you can get stuck having done you’re doh. Is this business, or are we just toying around? For us it’s business and treated as such.
As to council applications, not sure but if using licensed builder (who else would you use?) then they can lodge (at least up here in Qld, I believe, as ours do) unless it is a total raise, refit, and restump, the works. Then we wouldn’t be doing much but plans and design quotes before settlement anyway.
The insurance points of others are spot on – effect coverage (building and contents) from the day your contract is exchanged (we have it as a bold ticklist reminder for all parties).
Remember also, it isn’t just if the vendor pulls out that you can hit a snag. A caveat can be awarded against / over the property by say a previous partner (divorce you didn’t know about?) or a creditor (hasn’t been paying their bills, and forgat to mention that?). Or tragic as it could be one party may die the day of settlement and the whole lot goes into limbo land. If you’ve sunk $,000’s into it you can walk without loss. Only $’00’s into it and you could crash it without excessive pain or discomfort.
Bob Parker
Principal
FBP and Associates
http://www.fbpandassociates.com.auDelivering opportunities for you to secure your financial future.
So…? What future do you want from tommorrow?I certainly hope not, or we are be’in naughty! There is a shift in market sentiment, and affordability in the major SEQ market, however we’re still doing them every day of the week.
Bob Parker
Principal
FBP and Associates
http://www.fbpandassociates.com.auDelivering opportunities for you to secure your financial future.
So…? What future do you want from tommorrow?I believe you can analyse RP Data to achieve your objective, although it seems a little “extreme” to me. PRDnationwide has also openned and expanded their Research site, which may give you some reflections of details you seek.
A search of the major search engines could also disclose some sources for you. Good hunting.Bob Parker
Principal
FBP and Associates
http://www.fbpandassociates.com.auDelivering opportunities for you to secure your financial future.
So…? What future do you want from tommorrow?Welcome and lots of goodies within PropertyInvesting.com to aid and assist travel to your objectives… Retirement in 5-7 years through investment in property. Tall ask, but may be achievable with lotsa effort. Ipswich suggestion is potentially sound, however there appears to be a lot of profit taking from inexperienced or new entrants out that way. Rosewood / Marburg reaches offer some opportunities, along with many closer towards Bris CBD (especially given the SEQ Regional Western Corridor emphasis). Small lot development through out the area is going gangbusters, however we suggest thinking forward 8-12 years when the pace and conjection will potentially surpass Sydney. Goodna was recently identified by another major RE player as “the hotspot to watch”.
Bob Parker
Principal
FBP and Associates
http://www.fbpandassociates.com.auDelivering opportunities for you to secure your financial future.
So…? What future do you want from tommorrow?Assisting as a buyers agent is consistent with consultancy services we offer. Unlike some we also provide links to some of our direct competitors with whom we have dealt with and established mutual respect and trust. But of course, Oz is a rather large island situated in the southern oceans and you may not have interest in the regions we operate within. Consider.
Bob Parker
Principal
FBP and Associates
http://www.fbpandassociates.com.auUmmm… a motivated vendor. Few of them around up here. We use face to face if not exclusive agent listed. We ask them their needs based reasons for sale. We talk about opportunities which we can create with them. We might go so far as to write something down on a pad about what we are both looking for. Then we will usually thank them for their time, with the understanding reached on what we may be doing together after we’ve checked out with our legals. We always suggest they check out with theirs. If the numbers stack up we are back within 24 with a draft offer contract.
Of course there’s those times we just be a little cheeky and (if they have a displayed fax no somewhere) we’ll just fax them a standard offer not dissimilar to those suggested by “ex”. Everyone is different, but its about finding solutions to the vendors needs – preferably fairly urgent needs – because we are all motiviated, its just a question of why and for what.Bob Parker
Principal
FBP and Associates
http://www.fbpandassociates.com.au
