hi Bob Dobelina
ask your lender if they get to 64 mil at above 66.5% gross.
looking at a finance deal at the moment.
syd
132 units 1/3 pre sold.
ultraclean@hotmail.com

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hi Negoc8
hsbc
mortgage group,
bankwest
suncorp
westpac
asf
prestige
anz
and our own

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thank no problen here to help

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hi InvestorInTraining
not sure of your state or the type of property.
I take it this is not a new property or the seller would have offered vender finance usually.
to understand it go to a new unit development site see one of the agents and ask about vender finance he will explain what it is and the terms and conditions.
Then talk to a broker…[Read more]

hi crashy
not supoposed to say this as maybe some of my tennants are on this forum.
change the locks. walk down your local street find a big solicitor on the main street.
send a letter to the real estate saying that any correspondance to be addressed to this legal firm att you c/- mr brown and leave it there.
The mail will go there they won’t do…[Read more]

hi investToSurf
they are a mix and some are propriotory programmes
most are inc taxes.
3 are the current back programmes that are assigned to me.

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hi all
Sorry to disappoint you but the cowboys are not confined to the brokers, recommendation from family is good but not much good if the family members is one of the cowboys,
I would get a deal from a broker and check against a second broker.
If they are the same or similar work with the one your happy to work with because at the end of the day…[Read more]

hi Brizza
whats not very popular or favoured by lender.
If you are an owner builder head for a broker first or chat to st george if your looking for funding.
Richard ( above)should be able to find a lender out there that will give 100% lend or near enough.push him for 80% lend on land and full construct loan,but I’m not going to do his job for…[Read more]

hi investToSurf
(I like the name)yes there are a couple of things that cost.
professional fees (legal,selling buying fees)
stamp duty
interest
contingency 5%
sell agents fees
gst
my programmes takes these out for gross profit

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hi gpsNetwork
Give spi a call or email, he wants to advance and sounds like someone who will learn quick, he’s in sydney, not sure if he’s looking, he’s under 20 so see how it goes.

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hi giddo
Ive seen your website and reading your post I can understand what you are trying to achieve and I agree that you must spend money to make money and not rely on bank figures.
If you can use the properties for your business the value changes which I can’t calculate.
cost don’t go down so I’d bite the bullet and build and expand your…[Read more]

Hi investToSurf
What did your broker say.
I’ve number cruched it and no it wouldn’t get thru if I was doing it, but having said that you have bought it and it is a 19.22% profit so for a small development I would give it a green light for a starting off project.
Just next time send it past some one like me before you purchase, your broker should…[Read more]

hi Bob Dobelina
I’ve got to 70%grv and between 10 to 11.5% rate
I have a couple of people in qld that will do between 65 to 68%
Get ypur guys to email me if there in the market always interested in talking to lenders.

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hi all
whats the difference between this and bird dogging.
teach me

As they told me bird dogger was a searcher

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hi all
Syndication has nothing to do with risk.
The risk is similar just spread across more members.
The value of the item to be purchased is the main reason for syndication the cash/equity is spread across a larger number of investors.
There are many types of syndicates and no not all syndicates rip large management fees depending on what the…[Read more]

Sorry Sam
Assett protection is only covered by insurance if the insurance will cover it.
And they have a nack of getting out if (a) they can or (b) the claim is large enough for there team to say they can,
In which case you have to win the first case and then prove the insurance should have covered it.
I have only ever won one case against them.
I…[Read more]

hi all
Is this investing in spam

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hi Lorrelle
It doesn’t make sense to me either because the lend, even if one loan is basically split internal within the bank system and until it is sub divided they can’t split it.
I don’t know wa but the process in nsw is (A)land purchase (b)sub division (included in da)(c) da cc (d) constuction and the lending is given in these steps so you…[Read more]

hi Property Passion
once you have finished that unit and got your occupation certificate you can then make up 50 cards with your name as a developer.
and you will have a reasonable idea of the council process.
have fun

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Hi kp
This is not a easy exercise and land subdivision is a different area again I don’t do then,one of my guys just does land sub division.
There was a post on land sub division last week and I got stuart to send him his last divison report and how it was worked out ( I think he was trying to find the value of his land, you’ll have to search)and…[Read more]