hi warby12
unfortunately for you and for me.
I have not found a very good crystal ball seller the ones Ive bought have only told me what I already know.
Read a couple of my posts and you will see I look at real estate as a sine wave there ups and theres downs and if as you say you are looking at this as a live in, then don’t chase the sun that it…[Read more]

hi all
I watched with interest the 60 mins programme.
The only reason these bottom feeders are successfull is because they are swimming where asic cann’t catch them and they are doing it in amongst people who can’t swim.
If you jump into this type of water you are going to get bitten.
The thing that concerns me is who was on the beach and told…[Read more]

hi mgs2
have a read of the last 4 days and you will read alot about trust there are
discresionary trust
company trusts.
bear trust
hybred trusts
and a myriad in between.
trusts are a tool like a trowel there are lots of different trowels for different jobs
I’m currently in 4 different ones
my advice is read about the different ones and then ask…[Read more]

hi giddo

I sound like a tv cook but heres one I did earlier it settles next week depending on paperwork.
two duplex (4 units)
land 700,000
construct 800,000
sale 2,503,727
lend 1,727,930
67% builder buying land and building
return 25.64%
12% interest rate private lend.
I think you need to look at the resale price.

here to help

hi giddo
have chat with the bank manager
here it is
sell price 450,000
selling costs 11,250
gst 23,636
total revenue 415,113
construction
180,000
contingemcy 9,000
professional fees 13,500
interest 38,000
devel costs 240,562
if you are buting this site at that value it is a minus return any thing over 90,000 for the land and it doesn’t…[Read more]

hi eecchhoo
talk to the solicitor who did the deal.
this is land and at some time your going to build on it there will be contracts them to be signed and you may find that this can be done then but check with him/ her (your solicitor)

here to help

hi all
couple of things.

returns from developing are between 15% and 35% and are basically by risk factors.
giddo I run to different programmes for my business and they give me to totally different returns but they also run different interest rates and different ways of looking at developments.
how well do you know your bank manager.
he runs one…[Read more]

hi Chars
do me favour re dazzlings post I think it was yesterday or the day before ( he does resonable word spread sheets).
and list down ppor cost rent payment etc list it down with alsohow it is owned is it a single owner/company/trust .
come back on here and post it.
I’ll read it and give you a couple of suggestions.
There’s alot of reading and…[Read more]

hi all
no problem
I think it is on the way to bourke from ashfield.
so that close enough.
look forward to meeting a few people there.

here to help

hi young investor
I think I have answered one of your post before.
I’m not sure what state you are in but get involved with like minded people in your area if you are in Sydney then the have a meeting comming up some time soon which is agood place to meet and get some reference I don’t think my guys would want me to stick there name on a bulliten…[Read more]

hi all
rule number one
Never get attached to real estate I don’t.
If you think that its a bit hard to negotiate then find a negotiator to do the deal on your behalf.( no i’m not applying)
Your local school has lot of parents and some of those will be real estate people, car sales people (they make good deal crunches) and they are removed from the…[Read more]

hi giddo
I am no saint and I work off a very old neville wran saying there is nothing illegal as long as you work within the system and the guy in the wig has not already said its illegal( para phasing him) there are alot of systems out there that people use that are not dishonest but they would not be called honest either they are in the grey…[Read more]

hi giddo
I have dealt with the ato on a couple of occasions and I would like to think this was the case but (sorry)its not.
I have no problem overstating your income at a bbq or the pub but the view from the ato is simple this, which did you deceive ( working on the premise that this has happened)
The ato I hope not or you have inspectors looking…[Read more]

hi all
couple of things.
1. why can’t you show you financials
2.have you wrapped or are you looking at wrapping
3.have you anything to throw into the pot to make it look anything like some thing a bank will get fuzzy about.
4.what are you renovating.
and dd what is vanilla home loan and magic cap loans.
no doc loans were introduced into the market…[Read more]

hi KylesM77
have a read of the post for the last week get an understanding of the different types of investments and why people invest in different ways.
I do not have age, race, number of kids, or ages of kids, because you are a single mum works both ways easier to move easier to make decisions,
My advice is first read and if need be post again…[Read more]

HI Jimoan
Not sure of the question from a lender point of view you would like better then 106 % or you are looking at a no doc 100% loan.
If either what do you see is in it for the lender.
I don’t do 106% lending I know a couple of brokers here do and I have recommended a couple before but I am interested what you think would be better then no…[Read more]

hi all
I’ll put my bit in and give you my last deal.
commercial passed in at 600,000.00 three timezs at auction.
Went to general meeting ( association owner)with 40,000.00 cash, no cheques.
Asked for a special general meeting vote walked out without the cash and owned a 400,000.00 property got a tennent in within a week on a 5 x 5 lease at 12.5 %…[Read more]

hi adco
From your post this is going to be a business.
The first thing in making a good business is getting the right people involved.
With your business look thru the posts.
I did read a very good list of people you need.
From accountant thru to finacial advicer I think I posted two.
next after reading that you need to decide how you are going to…[Read more]

hi clea
I don’t usually bite the hook but for this one I think I will.
1.dazzling I like the email and do you answer to this email address.
2.$265 p/week at a 7% gives you a $196,000.00 lend neutral with out other costs
3.At your income and the cash deposit you have I would be looking at diversifying with a high income property group and to bring…[Read more]

hi young investor
I’m not even close to a young investor and my only advice to you is I only invest in sydney.
I live in sydney.
I invest in sydney.
and I work in Sydney.
I have alot of people that work with me outside of Sydney in there own area’s.
But get your area right first before investing in fiji( fiji is closer to me then perth or…[Read more]