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fullout
Member
@fullout
Join Date: 2003
Post Count: 233
May 3, 2007 - 2:37 am
hey guys,
I went into a Jenman real estate shop few years back, guess what happened! Got into an argument with the selling agent!
I was looking for a property to buy,fixup and resell. When I went in, I asked him some questions and he didn't want to answer my question about house price! Instead, he gave me his own questions – How much is your budget etc.
When I didnt want to answer that he kept pushing, and I thought $@$# answer my question before you force me to answer your stupid question about how much I want to spend. I'm not stupid enough to reveal how much money I have to lessen my negotiation power. He still didnt want to cooperate and wanted to stick to his own sales strategy pitch and I just left.
Till today, i still think that was the most ridiculous salesman in the world. All the talk about being fair to buyers and sellers, and about 'market price'. Some people dont understand market price is whatever $@#@$ price the buyer wants to pay, and the seller is willing to take depending on his circumstance.
fullout
Member
@fullout
Join Date: 2003
Post Count: 233
May 3, 2007 - 2:21 am
Is that online saver account from ANZ just an internet one(without ATM card)?
Try Bankwest, they have a new account
-has atm card, eftpost etc
-no fees
-4.75%
fullout
Member
@fullout
Join Date: 2003
Post Count: 233
May 3, 2007 - 2:19 am
ok,
im trying to use my HDT to buy a home/land package. I heard that there are not many lenders who would do the home as it is not built yet, would need a construction loan. Which lender would lend? Im hoping one of the big banks will….
fullout
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@fullout
Join Date: 2003
Post Count: 233
May 3, 2007 - 2:13 am
Hi,
If you own a property under your trust, and you take out the loan in your own name to negative gear,,,, the next time u want to do a homeloan, wouldn't your loan capability go down a lot? You have loans, but no asset/income from asset/.
?????????????????????
fullout
Member
@fullout
Join Date: 2003
Post Count: 233
September 26, 2005 - 3:35 pm
BUt if you read this month’s API, on page 44, Amanda did it in 2003. Bought a land, and sold it as a house+land package.
I am sure she did not go thru the building phase.
HOw did that work?
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fullout
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@fullout
Join Date: 2003
Post Count: 233
October 16, 2004 - 10:55 am
How can it be below market value when they say “Immediate Equity =$3020”, and then their fee for finding the property = $4000 – 5000???
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fullout
Member
@fullout
Join Date: 2003
Post Count: 233
October 16, 2004 - 10:46 am
NOt to mention the $ fines for not following their silly rules (eg no mobile phone, NO GOING TO TOILETS $50 ouch! etc).
Plus make you play silly games with money bets. In one game, they said ” Ok everyone group together at this side of the room, take out a $5 note”. Then they asked us to play “clap and pass the 5 dollar!” No instructions given, nor rules, they just ask us to pass it “NOW”
– you all hold it up in the air, pass to another person, and then at the same time take anoter person’s $5. Some people take $5 but didnt pass theirs. Some passed and didnt get passed to. Some didnt have $5 and had to use $50 notes. This went on for about 20 seconds, then they said “STOP! The money in your hand is yours”.
Then in the end they asked who didnt have anymore $5.
A few got lots of $5. Others didnt. SOme people lost $50.
THey later said “You could say you dont want to join the game. I merely said everyone gather up there, i didnt say you ‘must’. The moral of the stupid game – grab the money you can, dont play by the rules when there are no rules given.
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fullout
Member
@fullout
Join Date: 2003
Post Count: 233
October 14, 2004 - 11:33 am
I went to their seminar last year. It was good, cos i was a beginner in property and didnt know much. Actually they cover quite a lot of topics, but not very thoroughly.
Has a bunch of different speakers for diff topics.
Make you wake up at 5am in the morning and go to sleep at 1am to make you feel your money is worth it by giving extra hours.
BUt the lack of sleep makes you cant concentrate for the next 3 days…
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fullout
Member
@fullout
Join Date: 2003
Post Count: 233
July 13, 2004 - 6:57 am
Hi,
the approximate value of the completed project will be 400k at a minimum (420 more realistic, according to the current sales in that area. Plus this will be a brand new home, so i guess 420k or more is realistic). Say we take 400.
Land + to build is about 330k. I will take out a primary loan of 230k, and looking for a 100k mezzanine finance or private investor.
Will that be alright for mezz lender?
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fullout
Member
@fullout
Join Date: 2003
Post Count: 233
July 13, 2004 - 4:21 am
May i know where can i find mezzanine lenders? DO the banks provide mez loan themself? or other lenders?
Anyone got any recommendation>?
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fullout
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@fullout
Join Date: 2003
Post Count: 233
April 5, 2004 - 10:55 pm
Anyone is going to the Melbourne seminar and can get group discount? I need 2 tickets please. Email me at [email protected]
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fullout
Member
@fullout
Join Date: 2003
Post Count: 233
February 9, 2004 - 12:46 pm
oh yeah its the State Revenue Office, not the ATO.
I wonder if they actyually mean double stamp duty or just the difference that i put into my pocket.
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fullout
Member
@fullout
Join Date: 2003
Post Count: 233
January 29, 2004 - 9:48 am
a good way to finance your cosmetic renovation![]
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fullout
Member
@fullout
Join Date: 2003
Post Count: 233
January 29, 2004 - 9:37 am
Actually there is nothing wrong with Negative Gearing – as a strategy to get the tax deduction back from your employment income. As long as you dont buy too many (around 2 -5).
People tend to generalize too much and jump straight into the conclusion that all Neg Gear properties are not a good investment.
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fullout
Member
@fullout
Join Date: 2003
Post Count: 233
December 22, 2003 - 9:19 am
can anyone recommend a REALLY GOOD QS in Melbourne? thanks
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fullout
Member
@fullout
Join Date: 2003
Post Count: 233
December 21, 2003 - 12:05 pm
Swampy,
did u give wespac all the docs they need on the spot? how come so fast?
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fullout
Member
@fullout
Join Date: 2003
Post Count: 233
December 21, 2003 - 12:44 am
Hi rebecca,
Wow, i thought it was a very good book. Cos I spoke with a property investor who made a lot of money, and he told me one of the book that he learned some of his special strategies was from that book.

Did it really cost $200+?
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fullout
Member
@fullout
Join Date: 2003
Post Count: 233
December 20, 2003 - 1:31 pm
hi dilcem and brownrabbit,
my email is [email protected], please email me
thanks!
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fullout
Member
@fullout
Join Date: 2003
Post Count: 233
December 19, 2003 - 10:52 am
Hi,
Try Chris Batten (Batten and Associates) in Sydney. He is great, one of the greatest in the country – knows everything about asset protection, company, trusts structures, is very updated and creative. A very humourous man as well. I heard him lecture before in a seminar, and he’s one of the best
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fullout
Member
@fullout
Join Date: 2003
Post Count: 233
December 16, 2003 - 9:45 am
hi tools,
thanks! do u know what info do i get from the search? Owner name? COntact? Land measurements?Mortgage…
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