bradmonz started the topic Town planner referral needed Gold Coast urgently! in the forum Value Adding 10 years, 5 months ago
We’re doing due diligence on a potential subdiv in Currumbin Waters and council won’t be specific on what’s possible so we need to quickly talk to a town planner (or investor who’s done something there recently) with experience at that end of the coast.
bradmonz replied to the topic Finance partner sought for renos/small developments/flipping in the forum Creative Investing 12 years, 6 months ago
G'day Richard,Thanks for giving me the chance to clarify the two points you raise. Firstly, I don't (and more importantly, didn't) purport to be a property mentor, I simply have an IP, therefore I'm a property investor (just as if I'd listed Husband and Father there as well).Secondly, being a life coach is not about what I've done (or about…[Read more]
bradmonz replied to the topic Ideas for reno in the forum Value Adding 12 years, 6 months ago
I agree, great reno potential! Love decking around pool idea – more user friendly too. Kitchen has potential to be updated with new doors, bench top resin re-spray and handles, etc. Could perhaps modernise columns at front by boxing in with blue-board and rendering along with brickwork. I'm MOST attracted to the dual-living potential tho…[Read more]
bradmonz replied to the topic LEASE OPTION in the forum Terry and Richard,
Any tips 14 years, 11 months ago
Terry and Richard,
Any tips on “selling” it to the bank? Should my broker make the approach or is there no advantage in that?
Cheers,
Brad
bradmonz replied to the topic LEASE OPTION in the forum Terry, I’ve re-read your 14 years, 11 months ago
Terry, I’ve re-read your first reply re setting up the LO like a 30yr PI loan and it now makes more sense to me. With ownership not changing, do I need permission from the lender to LO?
bradmonz replied to the topic LEASE OPTION in the forum Creative Investing 14 years, 11 months ago
Presumably you guys in the finance game will be able to help with these questions:
1. What responsibilities do I have, if any, in terms of disclosure to MY lender when providing vendor finance to a third party?
2. If the wrap virtually constitutes a sale contract for a premium price, can I access that increase in equity?
bradmonz started the topic Subdividing on the Gold Coast in the forum Value Adding 14 years, 11 months ago
I’m looking to do my first subdivision/reno/redevelopment (yes I’m aiming high, but no guts, no glory – right?) on the Gold Coast and I have a few queries that might be answerable here before I start paying professionals:
1. To help with my search criteria, is there a minimum residential lot size for the whole GC City or does it vary suburb to…[Read more]
bradmonz replied to the topic LEASE OPTION in the forum Creative Investing 14 years, 11 months ago
Xlent – thanks Terry
bradmonz replied to the topic LEASE OPTION in the forum Creative Investing 14 years, 11 months ago
Hi Richard,
Do you have an equivalent product for NSW transactions?
Cheers,
Brad
bradmonz replied to the topic LEASE OPTION in the forum Creative Investing 14 years, 11 months ago
G’day Jeff,
Thanks for joining the thread. Sounds like you and I have the same goal – to get a cash sucking negatively geared property off life support and turn it into a lifestyle generating cash cow! If you’re interested in chatting by phone some time to share ideas, fears and the like, I’m keen too.
Email me directly if you’re interested…[Read more]
bradmonz replied to the topic LEASE OPTION in the forum Creative Investing 14 years, 11 months ago
Terryw, thanks for your quick reply and fresh ideas for approaching lease options. (I won’t read too much into your choice of Diamond Joe Quimby for your picture… ;-p) The ensuing back and forth between you, ‘007 and YI has been great reading too.
The more numbers I crunch the more I think I like the idea of wrapping. Potentially better…[Read more]