Forum Replies Created
Must present all offers, and if he doesn’t do it yourself.
Owners are never hard to find.
Byronent
Adelaide SAI have used them on a few occasions.
They lend at between 1 and 5 % above bank rates.
They take mortgages or caveats, legals are expensive, but they don’t do the thorough checks banks do.
Good alternative if you get stuck.
Byronent
Adelaide SAI just want to check the maths here foundation.
What is the average price in Sydney for a home.
Working on a figure of $500k.
2015 would be $1M
2025 would be $2M
2035 would be $4M
2045 would be $8M
2055 would be $16M
2065 would be $32M
2075 would be $64M
2085 would be $128M
2095 would be $256M
2105 would be $512M
2115 would be $1.024B
2125 would be $2.048B
2135 would be $4.096B
2145 would be $8.192B
2150 would be $12.278BHOw you get trillion is way beyond me.
Have a great evening, you must be very bored.
Byronent
Adelaide SAPraise the Pelican, I am right beside you with them words.
I don’t have to meet the head of a cult to know the cult is a cancer.
Byronent
Adelaide SATorachan, even if you were related to him, it would not change my opinion of the man.
Real deal? what does that mean exactly.
I am the real deal, believe in what I say and follow through. Does that make right?
My opinions are based on my experiences and what I have seen first hand.
Byronent
Adelaide SAHas anyone heard if Derivex investigation has been finalised so I can get my loans.
I am growing impatient.
Byronent
Adelaide SA14minutes and still here.
Byronent
Adelaide SA4 minutes and still here
Byronent
Adelaide SAhahahaha,
D you mean Derivex
IF you mean Interest Free.Oh yes both have been well embedded into my vocabulary now and until they get locked up or thrown out of the country, I will keep them there.
NOt to be one to back a losing horse, much more the fence sitter.
I have an each way bet going on , i can’t lose Jo.
Let us see how long this one lasts.
It is 10.49 here now
Byronent
Adelaide SAI expect my right to free speech.
Oh hang on, I don’t have that right here, only in the USA.
Maybe I will move there.
I am curious how long before this thread is locked, deleted or swallowed up into the land of cyber space
Byronent
Adelaide SAYou are such a hottie..lol
Me, profanity? no way!!
You really think I fail to express my views in a kind diplomatic and sincere method?
Sometimes my emotions take hold and I can’t control my fingers….they just keep on typing.
Byronent
Adelaide SALots of mine get wiped out also.
I have grown accustomed to it now. I would have much preferred the words deleted left in my text box.
Mystery out there.
Byronent
Adelaide SAWhy not offer a vendor finance deal or something creative?
I am sure there must be other ways.
I notice above you say your costs are 18k a year so 4 years would be $72k of after tax dollars $90k is more like five years. 10% increases as tochran advised is compounding, so I do think unless your interest rate is over 10% you would in fact make a profit. Saying that, your tax concessions would greatly reduce the $72k over 4years so I am not sure whether my numbers are wrong or we don’t have the entire picture but I personally wouldn’t sell at a loss.
YOu could even try the neighbour to see if they wanted a bigger back yard. (just a thought)
Byronent
Adelaide SAOMG.
This is another done to death topic.
Quiggle (please excuse my wrong spelling here) has done an amazing blow by blow if you need info. I don’t think anyone can add to that experience.
Do a search for the thread, I don’ thave it handy sorry.
Byronent
Adelaide SAis your money secured for 15%?
Byronent
Adelaide SAHave you read any books, attended any seminars, spoken with any investors or done any research at all?
Byronent
Adelaide SAI too have had settlements go on as long as six months and a few longer than that.
There are many reasons you can use and you will get a lot of knows, and some yes’s.
I find that you can’t bargain on price the longer you want the settlement so that is the only downside to it.
WA market the same, I bought in Mandurrah and Bunbury and both were for 4months settled in six. Yes I did the naughty thing of delaying but both settled no problems.
Byronent
Adelaide SAJason,
I reckon you can do both, enjoy your money and still plan for the kids.
Byronent
Adelaide SAGo visit your town planner in the council you are buying in and pick his brain.
For example, mine told me on my third visit that they are starting too sell the reserves in the area to raise funds, reduce risk of litigation and all go to auction.
Some they subdivide others they don’t, so guess what I am shopping for? lol
Town planning is tricky, most councils change each four years, so although one may tell you this is not going to happen in your life sir when asking what i can do here or there, I find that is more like , “this won’t happen in my term in office”. So we wait and try again later.
Byronent
Adelaide SALots to read and interesting situation.
I do have some questions, then some ideas.
1. How big is the land?
2. When did interest become a capital loss?
3. Ever considered not building and selling?Probably silly questions I know but had to ask.
I think you could even consider the following:
1. Subdividing the land you have if permitted. If permitted then either sell the smaller blocks to gear down or build on each, or sell house and land packages, read below.
2. Instead of building, finding a project builder and selling the land with a house and land package. Allowing the purchaser to build what you got approved and personalising it for themselves. This will save them stamp duty as they only pay it on the land, and then they pay the builder as he builds. This also will not be capital intensive as you only really pay for plans etc with council.
3. Some states allow property ownership transfers between married couples and not consider it a new purchase. So may avoid stamp duty, don’t quote me on this, it is something my solicitor is trying to do for me now.
4. I would also consider borrowing more to buy some cash flow positive homes to help reduce the burden of the land interest costs.Can you also confirm that interest is not a capital expense buy a trading expense and can only be used in the year you incurred it. If you don’t have a business, then you can’t carry forward your losses. Again, this may need an accountant too clarify, I am not thinking too straight this morning.
Byronent
Adelaide SA
