grossrealisation replied to the topic Financial Advice needed. Where to start in IP in the forum Help Needed! 19 years, 2 months ago
hi roy
how did you work out he was in vic I asked the question.here to help
grossrealisation replied to the topic Floor Construction Options in the forum Help Needed! 19 years, 2 months ago
hi Brizza
Have a look at styrocon syd 99398491
can be used for floors wall and roofs used in unit construction.here to help
grossrealisation replied to the topic Financial Advice needed. Where to start in IP in the forum Help Needed! 19 years, 2 months ago
Hi dkram
Post your state.
Then go to the local group for that area.
If in sydney we have ameeting on the 11th sept in gladsville.
Im with pete r in regard to advice and if you read my posts I say I don’t give financial advice for one very good reason.
Asic have a habit of fining and at worse sending you to the min security for doing so, hence it…[Read more]grossrealisation replied to the topic savvy accountant in the forum Help Needed! 19 years, 2 months ago
hi Precise Finance Solutions
I have a very good accountant but he calls you and doesn’t answer the phone (there the best)email me with you email and I’ll send it to robert his office is in mascot.here to help
grossrealisation replied to the topic Trusts – a more basic question… in the forum Legal & Accounting 19 years, 2 months ago
well done lifex
but you can use a company and if structured correctly most of the running cost can be losses to the company also.
It is a simple answer but a simple structure.here to help
grossrealisation replied to the topic Banks and Vendor Financing? in the forum Creative Investing 19 years, 2 months ago
hi batts71
In new developments here in sydney is already the norm for most I know, and also put call options as a pre sale backed by vendor finance is now becoming popular.
bit new to the market so only a couple of lenders like it.here to help
grossrealisation replied to the topic US Finance in the forum No Subject 19 years, 2 months ago
hi Qlds007
It doesn’t surprise me its not just the banks.
I sent a spread sheet to mcdonalds head office in dallas and asked them to burn a cd disk with what I wanted and send it back to me.
They sent me the chair, air freight 10 days because nobody had a cd burner, when it arrived I couldn’t stop laughing.
The american’s can put a man on the moon…[Read more]grossrealisation replied to the topic Motivated Seller in Sydney. What do you reacon? in the forum Creative Investing 19 years, 2 months ago
hi JoshJ
Put a put call option or delayed settlement on the property.
Then organise to fix the outside up and then revalue and lend on the new value.
Watch the mascot area some parts are good but some are on the market because the builders are over committed and are getting hit around the head by the banks so it may be a little difficult to get a…[Read more]grossrealisation replied to the topic Banks and Vendor Financing? in the forum No Subject 19 years, 3 months ago
Hi batts71
some banks (bank west don’t like it, but others do )
Depending on the volume and if new product different banks have different criteria.
Talk to you local broker and he will be able to give you a list he works with.
It is not uncommon and is becoming the norm in unit sales.here to help
grossrealisation replied to the topic I am selling all my properties in Brisbane in the forum Help Needed! 19 years, 3 months ago
hi wild one
look at private lenders the rate is very similar and the don’t have the same criteria.
as for selling all in brisbane I would stagnate sales and vender finance people to buy.here to help
grossrealisation replied to the topic Group ownership in the forum Legal & Accounting 19 years, 3 months ago
hi DBlackB
post what state your in.
If sydney I can give you a couple of accountants that can organise trust to do what you require.
you will need a unit trust with multiple trusts under.
This is not uncommon and gives flexibility for separate trusts investing in separate projects.
work with speciatist accountants for this field.here to help
grossrealisation replied to the topic help on calculating compounded interest pls? in the forum Finance 19 years, 3 months ago
hi Misty1
buy a hp 10bII and it gives not only compound and Amortisation interest but hell of alot more that you will be able to use.
Including actual monthly interest rate.
I use it daily great calculator.here to help
grossrealisation replied to the topic $40,000 in the forum Finance 19 years, 3 months ago
hi spi
log it in your diary to talk to me on the 11th sept at gladsville.here to help
grossrealisation replied to the topic IP Spreadsheet that graphs IRR, NPV, and cash flow in the forum General Property 19 years, 3 months ago
hi thefirstbruce
not had a play yet but will have a look and send you my modified sheethere to help
grossrealisation replied to the topic Any ideas? in the forum Help Needed! 19 years, 3 months ago
Hi WauloK
I thought you were in bris, if you are in syd then check out the post on the meeting 11 sept at gladesville email me and I’ll forward it to roy or find it gpsnetwork group its at his officeshere to help
grossrealisation replied to the topic Beginner in Adelaide in the forum Help Needed! 19 years, 3 months ago
hi carly.matt
I’m not from adelaide but i’m with Damo.
Its a bit difficult to give advice on you buying a house.
But getting involved in a group is a good starthere to help
grossrealisation replied to the topic Long term opportunity, short term hurdle in the forum Help Needed! 19 years, 3 months ago
hi Natasha
Explain the however the margins are too tight.
if they are tight then is it worth doing.
you can’t be half pregnent either it is good capital growth in which you hold.
Or you pay out and develop and sell.
I might sound hard but I look at a development site and say it will have great capital growth because I will make money or move to…[Read more]grossrealisation replied to the topic where to go from here? in the forum Help Needed! 19 years, 3 months ago
Hi nathywally
couple of things
First get a broker two maybe three have already posted, try a couple ( they won’t cost you)
next have a chat with a local accountant the first chat is usually free ( make sure he knows about companies and trusts and how the set them up (talk to 2 or 3)
next you can go either way
Buy a house, develop (work on it)(move…[Read more]grossrealisation replied to the topic Selling a hotel suite as investment in the forum Help Needed! 19 years, 3 months ago
hi Alon
Couple of things
You need to give the growth as well as the return because in chatswood the growth for normal real estate is about 15% currently and it is a hot spot.
This is a hotel suite so won’t have the same growth.
In your market the buyers are comming from asia as most of the purchasers are asian in chatswood.
I would advertise with…[Read more]grossrealisation replied to the topic Any ideas? in the forum Help Needed! 19 years, 3 months ago
hi WauloK
couple of things
Talk to an accountant first he will tell you if negative gearing will work(not a book)
Talk to a broker ( a couple floating around here)they will tell you how much you can lend.
look for a property in the lower end of the market here in sydney but with potential to reasonable growth and then invest.
I can’t and wouldn’t…[Read more]- Load More