all interests rates from 8%+ and brealcosts 0.8% in 18months. so will use anz 60% minimize risk, costs and greed.

unfortunatly the down side is you have to wait 9 months before it can be sold or better still refinace if the numbers work

I have a gemis list from july 04 and 4343 not listed however on another list 4343 is in location F.

start small, think big,

not many paying 12% I could find but a few in the fin review, on your point 2 you may have forgotton your 150k to build, so maybe 80% of 350k = 280k less 150k = 130k to playwith, also I dont think you will be able to get 70% margin loans on some of the stocks as they are more readily available for blue chips, my opinion…[Read more]

if your profit is 80k, less the capital works of 20k = 60k. CGT will be taxed on the net profit which in this case will be the 60k. every cent you can think of, any expenses which have anything to do with this project can form part of the capital costs, even internet connection for your research of the investment, % of phone bill, travelling…[Read more]

we may have something in rothwell in 9 months time. you can pm me if you can wait that long

WHERE ABOUTS DO YOU WANT TO LIVE !

thanks terryw
its good to know some lenders offering high lvr without lmi, didnt know that, but I knew anz 60% I have 1.

you guys a a great source of information, thanks again.

thank guys, terryw your spot on I forgot to mention lo doc, I,m so close to the limits, what other avenues I could use when my limit has been reached and all loans are in both names, damn.

G, day Mr Knight.
I have recieved your email and I will be wanting to attend but where in sydney will the launch be.
As I live very far from the city I will need to know in advance to be sure thet I could make it on time as well as knowing my parking options.

thanks.

I do it every 6 months or so depending if land is registered or not, but I dont do it full time as I have no building skills, I usually contract the work out to liscenced builders. Remember, start small and think BIG unless you got balls, but carefully study the market and make heaps of low offers on land as they are not selling as hot as they…[Read more]

Ive done a bit of that but the market is changing where Ive done it. Dont be afriad to buy recent sales reports and walk the streets to compare the product you will be doing to what has recently been sold, Factor in everything, even the interest payments during the contrustion cost forms part of the building cost. If it is predictable that there…[Read more]

this has been my specialty, depositing on land prior to it being registered, having 6 months to think about and organise the building, when the land settles plans go to council and 130 days later when the building is complete refinance to a seperate security, take out your initial funds and do it again, different marketplace now as thing have…[Read more]

80% dude

read a book called ordinary millioniares, 1 stories in it about a guy who bought flood affected because they were cheap, people desperate to sell, no one wanted to buy. He did, he increased his cashflow and then kept buying the same. I think his net worth around 9million. Another story bout a guy who bought in elizabeth S.A. not flood affected but…[Read more]

exellent responses,
as for my situation, I also agree that happiness is found within.
most millionares i know (I know several) more than half of them are miserable bastards so I think that wealth can only free you from the things you dislike. It cannot really make you happy on the inside. What makes me happy on the inside, well the love of my…[Read more]

tried retirement, got bord and my golf was not improving. 10 months I lasted and now doing about 20 – 30 hrs a week as a goldsmith. And waiting for our latest building project to be completed so I can find that next oppotunity.

interesting topic here,

I ve only sourced deals where instant equity was predictable. I ve looked at growing suburbs with new estates and land subdivisions, tracked sales figures of spec homes, compared floor plans and inclusions with different builders then built our own. I ve done this 3 times in same amount of yrs and 1 to commence this month.…[Read more]

so whats going on, apart from from yack with his extortion attempt. I am serious, I want to employ a spotter, Im ready to go but whos putting there hands up for the job.

are you saying i may need to go os to nz to get what im looking for or are there still opportunities in aus. i reckon there is opportunity here in oz but if your not on the ground how can one find