@Paul…. re 50 properties……. That is the guide…. I have done some basic, simple social media advertising and have had 160 enquiries… all first home owners, in NSW, all currently employed… the 50 is what I thought would be a good conversion of this number… it may well end up much more…. We really havent advertised it that well so…[Read more]

cheers Paul, yes I will on tuesday if that is ok… i have been looking at it recently as the area I am based in has no brokers at all and plenty looking for one….

Hi Paul.. thank you for that information… very good point… how would you secure your "equity" if not through a second mortgage or perhaps caveat? do you set it up as a terms contract of x amount of weekly payments…??????

not at all chris….

you dont have a site but you are looking at a project? what sort of project…? I am in a similar situation, though I have a site and designs (approved by council but no DA issued), and once I can get a DA approved the property will double in value, so keen to hear how you progress with this….

So I have the opportunity to supply approximately 50 houses to first home buyers if I leave the part of the "deposit" in on a 80% lend from a bank. Am i better with an installment contract where they pay the deposit balance over time or register a second mortgage and just get a weekly payment from them until both the money owed and increased value…[Read more]