Hi Synergy,

There are quite a few investors here who buy sight unseen. The topic has been well covered and you will find it in the treasure chest forum.

Comdom,

Although it is preferable not all investors are able to go and look at each property they want to buy.

C2
“Is it true the more you owe the more you grow until the bank steps in?”

Hi Guru,

Vending machines are big business in Japan, but so is ripping them off. They’re easily damage and the cost of insurance is also a little expensive. Most of the companies who invest use the low to high practice. Many machines for a low turn over on each one. If you have your own entertainment/fun centre and can do the day to day…[Read more]

Hi Alexander,

This sounds like a sink or swim situation. You are “brand new in the game” and jumping straight into developing. Take one step at a time and get a grasp of the basics before diving in to deep and over committing yourself. If you do decide this is the way you want to go then ring a few professional developers and get them to give…[Read more]

Hi Neil,

You will find a wealth of information in the treasure chest on this subject. If you can’t find a particular answer to a particular question then repost again.

C2
“Is it true the more you owe the more you grow until the bank steps in?”

Hi RAC,

I agree with r on this one. You need to develop rapport on a more personal basis first. Use the telephone and then later try emails. Most of the REA’s I know are to busy to sit down and spend time doing emails, that’s what the assistants are for. Also using the phone adds a little more pressure as they have to answer your questions…[Read more]

Hi Fullout,

Negotiate first with the PM. Explain what you’re not happy about and get their response. If they see you as a valued client then they may even offer to drop their management fees. Do you buy any properties through them? This can also be part of the negotiation as the sales team won’t want to lose you and will most likely apply a…[Read more]

Hi Mini,

I know how you feel. I previously had the same type of message from someone I referred a few people too. I now stress to the people who ask for referrals, that the advise/help doesn’t always come cheap, I trust who I use and I don’t question the bill.

C2
“Is it true the more you owe the more you grow until the bank steps in?”

Hi Mel,

Which town in the NT? T or J?

C2
“Is it true the more you owe the more you grow until the bank steps in?”

Hi Mini,

It depends on how you want to use the money partner. A money partner can increase the amount of borrowings you can get from a lender, thus increasing the overall profit. 50/50 of 10% return on 5M is better than 100% of 10% return on 2M.

C2
“Is it true the more you owe the more you grow until the bank steps in?”

Hi Phil,

10 Ys!! Mine was only about 18 months and I thought that was too long.

C2
“Is it true the more you owe the more you grow until the bank steps in?”

AAAAHHH TAX,

Well F&B another can of worms you’ve opened here.

This thread has some excellent posts. There I was complaining about the 10% tax rate on the 10% I have to declare and then I found out I only have to pay 5%. Now why is it I’m O/S again?

I don’t think people really chose to be poor as some one commented. I think it is more based…[Read more]

Hi Terry,

Where does the maximum monthly figure of 50K come from? Lloyds bank imposes this one. Also is it structuring of travellers cheques, bank transfers or both?

C2
“Is it true the more you owe the more you grow until the bank steps in?”

Hi Mel,

One thing about departmental bosses or managers is that there is always someone looking at them.

Like Paul I onced worked in a department that suited my purposes to a tee. Then along came a new Supt who was determined to have everyone work and think his way. He also had a short list of people who he didn’t want in his department, and…[Read more]

Hi Alf,

I was assuming the 350K was cash and not equity. If it’s equity then my answer doesn’t count.
BTW, did you see my response to one of your other posts (about your lender)?

C2
“Is it true the more you owe the more you grow until the bank steps in?”

Hi Michael,

I took the liberty of faxing your 12 questions to a few(5) REA’s to gauge their response and answers. Only 1 sent back answers to all the questions, 1 answered about 50% and the others I’m still waiting on. The questions are excellent for evaluating the different REA’s.

C2
“Is it true the more you owe the more you grow until the…[Read more]

Hi Claudine,

Have you thought about refinancing your current properties and putting some of the 350K into them to make them +cashflow? Would 50K into each one be enough to make them +ve? This would still leave you with 250K to use as deposits on others or to even buy 2-3 outright. There are a lot of people saying they want to buy many homes,…[Read more]

Hi Mel,

I disagree with “and I’ve always thought, if you don’t like your boss, then you need to change jobs.” I think it’s better to change the boss and keep the job you like.

Also don’t worry about people who criticize the amount of posts you do. I’ve found your answers very helpfull, well 99% that is.

Crashy it’s good to see you’re…[Read more]

Hi Mel

I lived and worked in the US. 90% of the time the question was “What’s your line of work/occupation/speciality” Then again I was mainly in NY at NYUMd. This why I also asked where he/she did their fellowship. I don’t want to offend anyone but the posting lacked a certain credibility to it.

Also why our “sad NZ cousins too”? Are you…[Read more]

Hi Alf,

I had a similar situation to yours. I have also previously refinanced before at a lower interest rate with no costs. My original manager and his replacement where on the ball and investor friendly. Along comes this new guy who disagrees with nearly everything the others have said and starts stoneballing my plans. Let him know that you…[Read more]

Hi Shaunwalker,

This may have already been covered in another post by *Steve* thus the reason for no activity.

C2
“Is it true the more you owe the more you grow until the bank steps in?”