Forum Replies Created
Hi Sooshie!
Nice nick, by the way
I have an idea for you, along the lines of what you suggested, if you want to to hear it. E-mail me at [email protected]
Oh, and so far 2 smart people have e-mailed.
Can’t wait to be back home and out hunting for deals. Just think how lucky Australia is… so much real estate, and so few creative investors. In the US you have a one in 3 chance of being hit by a car with a sign on the side saying “we buy houses. fast decisions, any condition”. Hehehehe….And remember: email me!
Daniel
Wow, Steve…
Thanks so much for the comprehensive reply! I am sorry I got a little carried away with asking questions… As with most things I need to research, it is sometimes difficult to do it from here. Internet can only do so much. For example, have been hunting around for info on RTA and foreclosures, and have found the websites a little helpful, but I guess I need to drop in to their offices and take one of every broschure.
As for the banks selling mortgages to investors, is internationally common. Make sense for a bank to lend $100,000, create a note for $300,000 with a 25 year term, and sell the note to an investor for a total of $200,000. Easy way to get the investment back, and profit. I guess the australian banks could be a little too conservative for this, or perhaps their are special laws on mortgage lending there. Will check
As for the question as to if I am serious about investing, if you know of an apartment building, beachfront on the gold coast, up to $30 million AUD, let me know. I am bird-dogging for someone. Instead of a fee, I get a share in the place.
)) And I will check my schedule for the seminar. Serious enough? *evil grin*Thanks again
Daniel
Can’t wait to be back home and out hunting for deals. Just think how lucky Australia is… so much real estate, and so few creative investors. In the US you have a one in 3 chance of being hit by a car with a sign on the side saying “we buy houses. fast decisions, any condition”. Hehehehe….
