hi terry
sorry but it is more complex and thats why I have asked for an accountant in qld I take your advice and I don’t like to sound like its not appreciated but I know about vic companies and trusts and the roles of companies directors but this is specific for qld and if there is any one that can shead light on wa companies with regard to the…[Read more]

hi all you wa wiz kids ( don’t knock sydney we are doing ok just need to know where to look)
I saw some were that you have a meeting comning up any body got the date and time and if this is the case.
I was going to post it but most on this topic are from there anyway.

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hi happyjack72
cross-collateralisation is a problem on a couple of fronts.
banks love to in some peoples words screw you so the more control they have the more they screw.
I get my lending from lots of different banks. and each project is stand alone.
the next guys who also line up are with there hands out usuallty for the throat as they take no…[Read more]

hi spi
call a friend
there’s a 50/50 on the 20th or the 27th’
and lens lock in the 27th and so has toni.
see you there this time.
you bring the tim tams

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hi gattaga
Did you get the property.
If not look outside the square and go to the vendor ask for an option( this will throw the mcbrokers) hold the property with say 1 or 2% don’t go over 5% or it can be classed as exchange(in nsw)do all your due diligencies and then purchase.
Chat to a few lending wizards here and they will be able to explain.
I…[Read more]

hi pfp
ring your broker get a lender you are happy with.
find out a valuer on that lenders panal.
ring the valuer and get them to value the unit when complete.
once you have the value us this to start your bargaining.
I don’t sell of the plan for this reason it only devalues your end product.
the value from the valuer is 550,000 then go to the…[Read more]

hi kenkoh2000
I have posted before that you must try and separate between personal and business.
I do and I think you do no people change their minds all the time I am not a advicate of neil jenman nor am I against him he happens to be a friend of mine but everybody has there own way of doing business and he does ( not that many here may have the…[Read more]

i’m in
At the moment will try coastymike again.

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sorry
I don’t remember asking you get involved with my business or project nor do I remember asking for a run down on your business or project even thou some poeple on this forum may be interested.
so I hope you succeed and move any laterial way you like.

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hi waynel2
what are you building and whats it made from.
I have been reading this post and its not my area to develop in.
but what costs have you worked out to build there and who’s building.
look at light weight concrete panaling its over in your neck of the woods also and is cheap to construct with.

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hi all
just to clarify
I don’t give advice nor would I and non of my project has asked anybody to advertise any of my project.
So as I like resiwealth to ask question and recommend any of my busines ventures that is not been sanctions buy any of my groups and even thou I may think that it is a good idea to recommend other peoples projects on this…[Read more]

hi all
I ain’t no mentor ( as I don’t have one so there not alot to gauge against maybe a mentor can mentor me and then I would be able cross reference).
I am alittle like kenkoh2000 as I have defacto mentors as I follow there ideas unfortunately most wouldn’t like there names on bulliten boards.
so TorMentor maybe

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Hi kenkoh2000
Sorry not a great book reader so I haven’t read his book but yes I do use this system as one of my systems.
It work relativeley easy my criteria is a bit different from others but basically here it is.
1. I build something (units is the simplest as its current in a company/trust structure the profit flows thru and a unit comes to me…[Read more]

hi Moorey
a bit of both.
nothing is gained for free

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hi pen
never ever buy investment real estate because you like it or you want to live in it buy it because its a good investment you may find one in the snow fields but do the figures and leave a bit in the margin for climate change.
These are not one of my favorite investments either.
Having said that if everyone isn’t liking or looking there then…[Read more]

hi resiwealth
no problem there are 2 billion people on this planet and every body has an opinion.
we are lucky that we live in this part of it that we can all voice ours.

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hi resiwealth
there are many reasons to go to meeting and one is to network which is a very valuable item but doesn’t cost much.
As for writing down what they wish to understand, had you been to the last meeting that is what len has already asked and we got a few takers,
we have asked a couple of people involved in trusts and accounting to come…[Read more]

hi need_a_home
this is a little bit difficult because you need to talk to an accountant and yes there are lots of ways to skin this cat.
I will use a example so it is not advice but you need to talk to an accountant in melb or syd.
here goes
This person keeps the house in sydney they set up a company and a trust (hybrid maybe)
They draw the equity…[Read more]

hi terryw
and caveat lend any short fall cash flow you don’t have to finish the project.
but read first.
or talk to a broker.
not me

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hi jtrq100
I’ll get to you before the hounds do.
you need to have a read of some of the old posts there is alot of information on splits loans and leveraging.
You seem like a new investor like me so you need to learn and the first part of learning is understanding so thats my advice go back say 2 weeks and have a read.

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