grossrealisation replied to the topic LoDoc with Offset in the forum Finance 18 years, 11 months ago
hi giddo
sorry to say this put for me its not the best place to stash money away in a bank account even at 7% cash is a very valuable item thats why banks love it look around for investments that give you alot more then 7% start to peel that envelope.
real estate is for the long haul for me but not for cash, (equity for me).
cash is short term…[Read more]grossrealisation replied to the topic Stealth Investing in the forum Legal & Accounting 18 years, 11 months ago
hi all
first dazzling there are lots of times that you would use a ??????
hi dazzling couldn’t be bothered to word check it so deleted it
here to help
If you want to get involved in some of the projects I’m involved in email to ultraclean@hotmail.comgrossrealisation replied to the topic inherting half a house?? in the forum Help Needed! 18 years, 11 months ago
hi chookie
simple don’t sell or buy .
lend on the property and split the lend between the two parties ( try to make a rental cover the interest rate and costs) and use you half to leverage to the next property.
selling is costs,
use the property the move forward.
no sales tax if you don’t sell.
if the others want to sell talk to an account and get…[Read more]grossrealisation replied to the topic DEPOSIT in the forum Finance 18 years, 11 months ago
hi all
if you make the deposit subject to an agreed account that the money is out into and the vendor agrees you can delay the settlement of the moneys for some time the figure is an agreed amount I like 5% put ususally get my 5% back at settlement just depends if If negotiated correctly.
I’m like cata I give as little money into the deal with the…[Read more]grossrealisation replied to the topic Anyone heard of Merlot property investments in the forum Help Needed! 18 years, 11 months ago
hi Susanmc
no but if you find a chivas or blue lable club I would be more interested in joining.what do the invested bottles
here to help
If you want to get involved in some of the projects I’m involved in email to ultraclean@hotmail.comgrossrealisation replied to the topic Options and Swaps in the forum Creative Investing 18 years, 11 months ago
Hi All
An option is a right but not an obligation to purchase an item.
From reading this post they are not common. for me nearly every deal is the purchase of a option usually a put call option.
They are used where the person who puts up the put call option, doesn’t have to purchase the land but pays for the da to be done then (whats called flick…[Read more]grossrealisation replied to the topic Father is dying. Please help with advice. in the forum No Subject 18 years, 11 months ago
hi allen
I’ll give my 002 worth.
you need to separate the issues here one is your father and the other is the will they are not combined, one is personal and the other is a piece of paper.
First have a chat with the salvo’s in the area you are in.
A. they can give counciling with regard to suicide it is a very difficult issue to address and needs…[Read more]grossrealisation replied to the topic Removing clauses from the contract in the forum Legal & Accounting 18 years, 11 months ago
hi Ben Morris
the purchaser crosses out what he doesn’t like and then goes to bat on those issues so if you wanted it i would have spoken to the owners and then informed the solicitors.
I’m in for battle for 56k in gst as I crossed out plus gst as the owner said it was not subject to gst so I creoosed out all reference to gst in the contract we…[Read more]grossrealisation replied to the topic Day one positively geared properties. in the forum General Property 18 years, 11 months ago
hi Ben Morris
interesting post and reading lens post he has been listening, except I haven’t seen a guru around.The return is different for cash in a project and equity in a project as the cash is costing you money and should give you a higher return as the equity is not costing you and from a banks point of view is seen as the same.
but in…[Read more]grossrealisation replied to the topic And/or nominee and trusts in the forum Legal & Accounting 18 years, 11 months ago
hi nazzysmith0153
for the same reason you don’t just buy the bricks and concrete and start building a block of flats without a da/cc or the foundations in place because yes it might be ok but is going to be very expensive to rectify later if constructed wrong its better to do your foundation correct from the start and you can’t do that if you…[Read more]grossrealisation replied to the topic URGENT Help! THU 4pm deadline!! in the forum Help Needed! 18 years, 11 months ago
hi kingdavid
like it dazzling,your right if th enumbers stack up and you can make money, there is no point in beating around the bushes i would take the 34 k in cash and tell the old dog iton the table but you don’t want to get involved in some dutch auction take it or leave it your not giving any signed envelopes you have cash and you are willing…[Read more]grossrealisation replied to the topic And/or nominee and trusts in the forum Legal & Accounting 18 years, 12 months ago
hi cata
yes I agree hence the you will open a pandora’s box not only with the ato as you are moving towards asic and company legislation and thats why I have said it is a grey area And me for one, even thou I know about it wouldn’t recommend it there are alot of easier ways.
one is set up before looking.
It helps to know what is out there legal…[Read more]grossrealisation replied to the topic Stealth Investing in the forum Legal & Accounting 18 years, 12 months ago
hi vexil
I understand the question but it not a short answer.
and if you go down this little alleyway you open up a large pandora’s box of problems.
In short you use an overseas company that won’t giveout the names of the directors is usefull for some business dealing but not much good for real estate as no lender will lend you a red razoo.
In…[Read more]grossrealisation replied to the topic perthees wanted in the forum No Subject 18 years, 12 months ago
no problem dazzling
let me know when you come over this side.
if my little trip works out maybe going over to perth again soon.here to help
If you want to get involved in some of the projects I’m involved in email to ultraclean@hotmail.comgrossrealisation replied to the topic And/or nominee and trusts in the forum No Subject 18 years, 12 months ago
sorry I only looked at the face.
are you around perth on the 15th or 16th this month.
add to my post perthees wantedhere to help
If you want to get involved in some of the projects I’m involved in email to ultraclean@hotmail.comgrossrealisation replied to the topic And/or nominee and trusts in the forum No Subject 18 years, 12 months ago
hi dazzling
To put it very simply its not legal but there are alot of things that are done that walk that very thin line and I’m not one to recommend something that is illegal and am not saying that it is a document drawn up by an accountant that is only registered when it comes into force not when it was drawn up but is dated when it was drawn…[Read more]grossrealisation replied to the topic Yibbidah Yibbidah,Where to now?? in the forum Value Adding 18 years, 12 months ago
hi len
I got my bat out for this one.
single house build and sell flick or ppor all are different.
builder/partner any cash from the builder 50/50 again different structure.
can you option the land to get the da thru (min cost).organise finance first to do land and build together or double valuations maybe required.
not one for buying out right…[Read more]grossrealisation replied to the topic And/or nominee and trusts in the forum Legal & Accounting 18 years, 12 months ago
Hi All
Now i’m confused and thats a bit difficult for me.Dazzling how you lost money from the guy next door doesn’t sound right.
Its your choice to sell and if he’s the highest money and you know him/her I would be having a beer with them.
If you got out of it what YOU wanted, hows the loss, if there was a loss its not his/ her fault.
As for the…[Read more]grossrealisation replied to the topic Ed Chan in the forum No Subject 18 years, 12 months ago
hi all
yep to coastymike I agree to all you have posted except I don’t pay for some thing I don’t already know, and I am yet to be told something that I need to pay for.
I have multi trusts ( and types) within my structure and afer asking questions for 15 min with ed chans rep I didn’t get the answers, I wanted, so will find out morehere to…[Read more]
grossrealisation replied to the topic whats wrong with dazzling in the forum Value Adding 18 years, 12 months ago
hi all
has dazzling got all the areas covered.
didn’t think this post would get this far.
come on come on.here to help
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