Steve, glad to hear your trip went well.

What are your ideas on picking up real estate when the interest rates rise and people have overextended themselves? Do people usually sell before they get to the “repossession” stage?

Thanks

Li-Sa

Just afew thoughts Dianne,

If the rental return is true to what they speculate, why do they need to have a “rental guarantee”?

Something that has always stuck in my mind from Steve and Dave is, with cashflow, it’s the person who is the asset, not the bricks and sticks.

See what the deal is like if you factor in the maintenance, rates, stamp…[Read more]

Hi Andrew, there are afew conditions prior to completion of the contract.

“Conditional payment prior to completion
1. The Commissioner will exercise his discretion under s.19(2) to pay the grant to purchasers under
instalment contracts prior to completion of the contract if all of the following circumstances exist.
(a) The contract has been on…[Read more]

Hi all,

Great new site Steve!

How about looking at the vendor’s motivation to sell? If they have already committed to something else you may be able to solve their problem and get a win-win outcome. ie. Placing a cheque on the offer for instant cash and getting the house at 40 something thousand.

Li-Sa