I’d do the honourable thing and talk to the lady’s eldest son…..face to face…..man to man. Having dealt with quite a few solicitors / barristers and QC’s in the past this is usually beyond their abilities.

Out of principle….if a wormy solicitor (can you tell I despise all lawyers) came up to me as the eldest brother, after the fact of my…[Read more]

Hello drec0007 / Pippa,

This sounds very very familar [hmmm]……could you be a little bit more specific….

1. What exactly is your brother proposing ??
2. What type of ownership arrangement is being considered ??
3. What type of property is being considered ??
4. What can you bring to the table in terms of strengths…..surely you have…[Read more]

P.S Hey Dazzling, TIC in Albany supply cold beer in glass bottles, call in for a chat sometime.

Sounds good – I’d love to pop in for chatski….might take you up on that offer !!!

I’m told that Chris and Liana Grannery are active members down there and were recently profiled in API with their successes……who knows, you may be one and the…[Read more]

Maybe i am just seeing all the positives…. No one has really given me any substantial negatives yet…..

Hiya,

I think Simon made some valid points, not surprising really, seeing as though he has answered this question probably 50 times or more. What he said pretty much hit it on the head.

Buying an IP from TIC is certainly not a…[Read more]

I remember reading about one old widow who owned only two properties, her very modest PPoR that she’d been in for the past 70 years, and a rather staid building in the middle of the Brisbane CBD, which she inherited from her husband when he died, which he owned freehold for the past 70 years also. So, 2 props, owned outright, and worth about 1.0…[Read more]

Thanks WC….everything is worth investigating I reckon.

Yes Cata, my limited research so far has uncovered that carparks of the flat bitumen variety seem to be the preferred choice nowadays for ex-tips…..although a pretty swanky townhouse development on the river at Ascot here in Perth used to be a smelly landfill site.

I think they dump…[Read more]

Wow Redwing…..can’t believe more than a year has passed by since we all contributed to this thread….what a ride over the past 12 months here in Perth, wouldn’t you agree ??

Originally posted by gmh454:
Foundation you keep forgetting that property doubles every 7 years

Absolutely….nice bit of tongue in cheek there as we all know F’s philosophy and data on that subject.

With what we’ve jumped into over the past two years, the values have doubled in 1 year….not 7. This is great from a capital growth perspective,…[Read more]

We’d love to hear about any of YOUR tips for negotiating successful property deals

Ahhh….in the immortal words of Todd Russell, “No problem…..how big is your cheque book ??”

Happy to negotiate our standard flat upfront fee, or would be willing to discuss a constant trailing commission based on gross book sales volumes…..whichever way…[Read more]

BUT here is the fine print…..So basically they suck you in

I love Banks….they are my greatest ally in building wealth and cashflow streams from my investing endeavours. They are my partners who unequivocally stand by my side and treat me with respect as long as I perform all of the functions explicitly stipulated in the contract that…[Read more]

How can I find positive cashflow property in WA when even in a small country town housing prices are minimum $100000 only pulling in about $110 rent per week ??

I just can’t see how positive cashflow philosophy can work in a climate of very high housing prices with non (or little) increase in the weekly rental income.

Am I missing something…[Read more]

Hello chaps.

We managed to snare a good’n a couple of months back. In fact today is his anniversary, he has been in there for 2 months.

During that two months it’s looked like a bit of a construction site – well in fact it is…..he’s completely gutted one of our units, lifted the roof off, replaced the structural components with larger and…[Read more]

Yes.

What clauses have you introduced that have appealed to vendors and got a deal over the line?

We find that no clauses appeal to Vendors. Cash – unconditional is what they are ultimately looking for…..and at the end of the day, just prior to settlement, this is what all contracts end up being, so the quicker you as purchaser can get into that…[Read more]

Cheers Foundation,

I understood what you wrote and I agree with almost everything you have put forward.

I too share your concerns re: your Max & Pen scenario. I suppose my only point of difference, as we have discussed on several occassions, is the actual vehicle of wealth. Poor ol’ Max & Pen are flogging a dead horse – no doubt about it.

I…[Read more]

Originally posted by petelangton:
As I was reading Dazzlings post all I could think was…wow, what we have here is a major case of sour grapes. Good on you Fishman, it’s clear you have many options at your disposal. Despite Dazzlings jealous, jaded view that you are extravagant and headed for disaster because you have a high income and children…[Read more]

Good to see you back F.

Can you turn your razor sharp analysis spotlight on your good debt comment a bit more. It has definite merit.

Our group is very much accumulating this type of debt….sometimes I need to stand on tippy toes just to see the ground floor.

If you believe our strategy is no good, I’d like to hear your alternate…[Read more]

First I thought of “Dr X Incorporated”, then I thought maybe “Dazzling Developments”

Whoa…..steady up there tiger !!! That’s got intellectual property rights hanging off and up the ying yang….I could probably let you borrow it for a modest 60% of all revenues – not profits mind you. Now – that’s a decent reward shooting for.

Why…[Read more]

If you are happy with the research you have done, confident you can make this work for everyone involved and the numbers stack up, that’s all that matters!!!!

But then on the other hand, let’s put the shoe on the other foot and have a look at the situation wearing a different hat and through a different set of glasses.

I’ve chatted with quite…[Read more]

G’day Ali,

Great post and lots of data to work with for a change. I’m sure you’ll get some cracking replies.

What factors should I consider?

1. What is the land component as a %age of the asking price for both deals. I’d go for the largest if I had to choose.

2. What are your strengths ??

3. What are your partner’s strengths ??

4. Do…[Read more]