I don’t think any bank would call in a performing loan. Why wuld they?? Already they repackage the said mortgages and sell them to investors and other financial institutions. Now why would they call in these loans?

Because if they did they would have to pay out funds to compensate these investors (technically they might not have to, but why…[Read more]

The problem with this type of financing is not the return on investment, but the return of the investment.

I’ve seen many deals where the only security was a raw piece of land, and the bank had a first mortgage on it. As a creditor you can only expect cents on the dollar if the deal goes bust (and with the slowing property market it could be…[Read more]

I agree with Derek! Go rent out first class hotel rooms (I’ve herd the preidential suite is the best and quite nice too).

You will lose $24,000 each yr. if you hang on to your holiday home. For every 1% interest rate rise you will be paying an additional $3,600. So if loans goto 8.5% by 205/6 (predicted by some analysts) you will pay $32,000,…[Read more]

These people seem to be mortgage and insurance brokers and they have software which can advise you about which bank accounts/insurance/loans are ‘best’.

In the DIY section it says:
“The program automatically processes implementing any product change or even a change of bank or lender. When the program produces the reports and documentation, you…[Read more]

Heres how the situation works, if your tennant contracts emphizema they make a claim aginst the manufacturers. There are special funds set up to pay this liability (one particular fund has recently been in the news for not havingenough asses to cover long term liabilities (10-15 yrs out). They do not claim aginst you unless you have ripped up and…[Read more]

“Mel, isn’t Dolf American? What point is it learning the American methods unless investing their? They do things very differently.”

He also owns alot of property in NZ and also in Australia. In fact he runs a development company in NZ (http://www.propertyventures.co.nz/).

Wraps and LOs orignally came from the US as do most innovative loan…[Read more]

O’h a nice prize… How about a cure for cancer and AIDS?

Apart from that, there is really very little that I would want.. Perhaps another article from Steve McKnight <hint, hint>… Or perhaps a free audio from Steve!!!! Well me can always hope!

Rgds.
Lucifer_au

I spent a while talking with a US investor and the yields that they can get (and are considered avarage is amazing!). It will certainly be a mrket I will be looking at in 2/3/4 yrs. (along with NZ and perhaps even Canada and the UK).

Rgds.
Lucifer_au

iamborediambored
“This is an average. Has Kerry Packer got a degree? For those who don’t know, he is the richest man in Australia and started by delivering newspapers.”

Unfortunately not everyone can inherit a publishing empire started by his father (and by the way Kerry Packer wasn’t the first in line to manage the empire – Clyde Packer was, but…[Read more]

Originally posted by iamborediambored:
Originally posted by miracle:

by going to Uni, in the end,you will be earning a lot more money, than not going to UNI. Making your investment portfolio increase with ease.

Rubbish!!! I earn a lot more than most of my mates and didn’t need any qualification whatsoever. Uni teaches you the theory. Life…[Read more]

This is a property investing forum, and so unless Steve has just released a book “13,0000 profitable trades in 3.5yrs” O’m guessing he won’t mind me talking about other forums.

One excellent forum on trading oprions is Dr Van Tharps Trading Forum – http://mastermindforum.com/phorum/list.php?f=9

Dr Van Tharp is not a traderas such (though he…[Read more]

I haven’t read success stories, but I’ve got two points to make. First make sure you are talking about yield not C0CR (Cash On Cash Return).
And second, in the US you can actually find profitable properties and it’s not that hard! Okay it is hard in Califrnia and New York, but in many other cities it is not difficult. In my opinon the reason for…[Read more]

Unfortunately you have to be over 18 to sign an enforceable legal contract (so yes 18+).

That though doesn’t have to stop your progress. You will have to team up with someone who is over 18+. Grandparents (who have either been involved with real estate or business) can be useful in the fact that they can sign the documents and if they have e…[Read more]

Why not do both??? It’s not that hard…

Apparently a degree means it’s easier to raise money from private investors. Also Uni means you don’t have to work (full time) for a minimum of 3yrs.; you can get loans where you don’t have to pay any interest off until you have left uni and banks don’t mind lending to uni students – they see a big pay…[Read more]

All that graph shows is a 20yr bull market – I want to see what happened during a bear market.

Anyone know any good books/articles on the subject?

Rgds.
Lucifer_au

Thanks Pisces!

Rgds.
Lucife_au

C0CR = Cash On Cash Return

To me COCR is everything (I only buy CF+ properties).

COCR tells how profitable an investment will be for example:
~You have a $100 in the bank, you get $5 in interest, so your COCR is 5%.
~You buy a CF+ property, you put $5,000 down ($2,500 deposit and $2,500 in closing costs).
You get rent and after you’ve paid your…[Read more]

You can still find properties for as low as $50,000. With a 95% loan you only have to stump up $2,500 for a depsoit and closing costs of around $1,500.

Although it sounds alot, if you save (though have a bit of fun!) by the time you hit probably 16 you should have enough.

By the time you hit 23, you shouldn’t have problems reaching 6 more…[Read more]

To me wrapping isn’t that hard, in fact it’s very simlar to buy and hold in practice. But I ask you – is it easier than working 50hrs a week? I know which one I would rather do.

Rgds.
Luicfer_au

Keep saving and more importantly Keep learning!

It makes you smile when you find a deal with 40% C0CR!
With the right education that isn’t hard to find.

Rgds.
Lucifer_au