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Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of diisco44diisco44
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    @diisco44
    Join Date: 2013
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    October 4, 2013 - 3:43 am

    @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 far… house and land packages starting at $220k (average $240k, all 3 bed 2 bathroom dwellings)… less the deposit for first home owners grant in NSW $15k and no stamp duty… small deposit taken. vendor finance some deposit  to get the deals done….

    Profile photo of diisco44diisco44
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    @diisco44
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    October 4, 2013 - 3:33 am

    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….

    Profile photo of diisco44diisco44
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    @diisco44
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    October 4, 2013 - 3:26 am

    ok cheers…..

    Profile photo of diisco44diisco44
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    @diisco44
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    October 2, 2013 - 5:20 am

    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…??????

    Profile photo of diisco44diisco44
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    @diisco44
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    October 2, 2013 - 5:01 am

    not at all chris….

    Profile photo of diisco44diisco44
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    @diisco44
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    October 2, 2013 - 3:59 am

    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….

    Profile photo of diisco44diisco44
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    @diisco44
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    September 26, 2013 - 1:15 pm

    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 has improved?

Viewing 7 posts - 1 through 7 (of 7 total)