Forum Replies Created
Hi there
If you can get hold of a copy of the very first API magazine there is an article in there about property cycles. It is a must read for all property investors……..
Take care
Dave [
][]The One Minute Millionaire by Robert Allen is well worth a read.
Agree with mini about Dolf’s books
Take care
Dave [][]Hi Lizzie
Sounds like you’re leaning towards a win/lose situation here?????
Could I suggest talking with the vendor a little more to find out if there is anything more that you can do to help them???
Whoever buys the place is obviously doing the vendor a favour because they then have the capital they need to build their house so an early settlement may be favourable to the vendor.
How about enquiring with the vendor to see how much they owe on the property and if they would be willing to leave some money in the deal initially, say 20% of purchase price in return for a period of free rent.
Maybe if the vendor is prepared to accept a low offer you could give them six months rent free in the house and then revert to market rents after that.
There are lots of ways you can shape this deal so that it’s win/win for both of you.
Good luck.
Take care
Dave []Hi Del
Got this quote off Bob Proctor’s web site today.
Thought you might like it……..
“Trust your hunches. They’re usually based on facts filed away just below the conscious level.”
Dr. Joyce Brothers
Psychologist and Television PersonalityTake care
Dave []Hi all
8.30pm sounds like a done deal to me though don’t want to be up too late…………
Take care
Dave []Hi Del
I’m very happy to hear that…..can’t say I’ll be going anywhere in a hurry either!!!!
IMHO their section at Steve’s APIM seminar was hyped up too much for my liking……
Take care
Dave []Hi Davo70
Have never bought any commercial property so far…… but, thought Dolf de Roos book Real Estate Riches has a few good pointers on commercial property if you can get hold of a copy. Certainly seems like a good place to start IMHO
Take care
Dave []Hi RSTARR
Personally I would rather have a PPOR but that’s just my choice at the moment. Just got sick of the 3 monthly inspection thing when some sticky beak landlord/realestate agent gets to wander through your home and invade your privacy and you really don’t have a choice.
Agree with Stu that it’s bad debt but I’m happy to live with that. Guess I like to have a little bit of control as to when and what I can do around the place. For example if I want to make an improvement to the place I don’t have to ask anybody else if it’s OK to do so.
Just my thoughts…………
Take care
Dave []HI there
Looks like I’ve missed out on the sofa bed and the $125 deal.
Unfortunately I’ve already paid $150 for the accommodation. Guess I’ll know for next time…….
Thanks for the wotif.com.au recommendation though
Travel safely and I’ll see you all there
Take care
Dave []Hi mother
Give Deborah Salter a call. She’s an excellent mortgage broker here in Brisbane.
email: [email protected]
or call her direct on 0411 166667
or 07 3351 6057Hope she can help you out some more……..
Take care
Dave []Hi ez-rent
Does it work on a Mac???
Take care
Dave []Hi PG-WA
“What would I do???”
Just been through a similar situation myself with one of my tenants. Decided to leave the rent the same as this particular lady has three kids (single mum) and I felt it was my way of helping her and the kids through a difficult time (just been through a divorce)
She has just recently moved on and when she left she thanked me for everything I had done to help her. I didn’t feel as though I had done anything special except probably provide a bit of stability for her family while they got back on their feet. Due to the relationship I built up with her she will probably do a wrap with me when she feels a little more comfortable with her situation. I hope all my future relationships with my tenants/wrap buyers turn out like this. It’s a very rewarding feeling (warm amd fuzzy)
Take care
Dave []Hi Steve
For me abundance comes from the spiritual wealth that fulfills my life. This is not a tangible thing. I think people genuinely know when they are helping others sincerely and you also know when you’re not!!!!
hope this makes sense????
Take care
Dave []Hi househunting
Try ringing the Office of State Revenue in NSW and be honest with them about your situation. If your circumstances have changed genuinely then tell them that and see if they come up with any suitable alternatives for you. You’ve got nothing to lose by asking the questions……..they may even be able to help you more………….
hope this helps……
Take care
Dave []Hi jempire
If you’re having problems with your PIA software could I suggest you email Ian directly. He’s a fantastic guy to talk with (I have met him personally ) and is very patient and understanding
Take care
Dave []Hi ksheather
Try this guy for your wrap software stuff
His name is Michael Gruber and he is currently the President of the Australian Vendor Finance Association
Take care
Dave []A question to ponder for all you legal eagles out there.
May I suggest (and I stand corrected on this) that even if you move temporarily into your property and don’t stay there twelve months that you may be given some leeway by the State Revenue Office as your INTENTION was to make the dwelling your PPOR????
Just a thought because people’s circumstances do change………….
Take care
Dave []Hi APIM
I guess on the face of it this tells me that most Australians are going backwards!!!
As Steve says, we need to get out there and spread the message of positive cashflow investing. There’s plenty out there for everybody………
Take care
Dave []Hi hwd007
Just thinking if any future buyers/renters etc were going to live in your property and they came across the same info that you have, would you honestly expect them to go and live there????
Remember. Most people buy/sell etc on emotion rather than fact so if this place has a reputation for being a contaminated dump, in the future what will happen to your investment??
Just my thoughts. Hope this helps……..
Take care
Dave []My two cents worth.
I guess if people don’t want to invest for their future, myself and everyone else on this forum will only be too happy to help them when they need vendor finance or even a simple roof over their heads………at least there’s someone out there ready to catch people when they fall off the rails!!!
Take care
Dave []
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