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  • Profile photo of grossrealisationgrossrealisation
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    hi to both of you
    each month this topic comes up and each month we get about 4 or 5 replys and it doesn’t change so I take it that it won’t,
    I am of the opinion that what is posted there is of no interest to me so flip past them.

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    Profile photo of grossrealisationgrossrealisation
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    yes pm its is on for the 26th of this month.

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    Profile photo of grossrealisationgrossrealisation
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    hi Property WA
    go to http://www.chan-naylor.com.au and you can buy from there and you will find they maybe going to wa soon.
    ring em on syd no 029391 5055 ask for peter tanswell.
    publisher is 1300553503.

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    Profile photo of grossrealisationgrossrealisation
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    also have alook at cfd trading and work with a lender this also gives you a trading investment record.

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    Profile photo of grossrealisationgrossrealisation
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    hi sireltekae
    interesting post.
    its difficult for a exbankrupt and you would need to show a saving record.
    I would look out side the square and read up on trusts and company structures.
    then I would start your investing route via this vehicle as it is a clean skin and would be easier to get lending with it ,
    if you can get a deposit and an account with some funds in it.
    you could join with some one to do a small development with your new structure and leverage from there.
    have a good long read or find someone that can help with these structures.
    a investor meeting is agood place to start.
    I have a few investors that are in your position and yes it is hard but not impossible

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    Profile photo of grossrealisationgrossrealisation
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    what that saying about assume
    making a -ss out of u and me.
    I thought you new some thing i didn’t

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    Profile photo of grossrealisationgrossrealisation
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    hi Property WA
    nice to see a few outside the box projects and if your interested I have a project for vanuatu on the boil at the moment and yes it is very different to my usual investing but there are lots of different types of investing and there is no one size fits all.
    If your looking at the unlisted property trust we are not even small fry and for syndication to a wider market, china is currently the best.

    if you keep your ear to the kerb you will know that there is a unlisted property trust/syndicate thats running at 80 billion out of china thats more then macquarie/ babcock and brown and most players here would be looking at investing and deutch bank couldn’t meet its requiremants so.

    Or if they are only investing in properrty if anyones currently in any unlisted property trusts/syndicates open to the wider market?

    how wide do you want to go.
    unlisted property trust for wui shi (china) ( lihi new city) operated by provincial goverment and private company( hong kong) build cost 120 billion, fully backed by deutch bank and bank of china all you need is 1 billion in equity or part of (currently not filled)
    syndication is good but make sure you.
    get in the right group for you.
    you understand what you are getting involved in and what your responsiblities are.
    what’s your return( not what’s the return).
    whats the risk.
    who’s backing it.
    whats the fall back, out clause.
    who and all are involved.
    I like people that think syndicates are great, they are but they are also alot of work.
    and for asic I haven’t recommended any in this post.

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    Profile photo of grossrealisationgrossrealisation
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    hi Dr.X
    ha ha welcombe to my world.
    yes I have this not once but every time.
    there are two types of rules.
    1. council rules
    2.alderman/women rules and they are not the same.

    first you must meet council requirements and then have a chat with the alderman over coffee all 13 of them 9 my coffee bill last week was over $120.00 (try and make it the same place and you get a discount).
    then and only then do you know if your application will go thru.
    when I do a raw site I get the drawer to give me two quotes one which will go thru but me drinking lots of coffee and second thats to council requirements and will go to land and enviroment court.
    some of the developers here in sydney don’t even send it to council and go straight to the land and enviroment court as its cheaper.
    example
    a 102 unit development site sold by the council with an agreement that if all the requirements were met da would be approved
    2 years later after 4 different designs and the council knock the development group down to 65 units ( and they got paid on 102) the group jv with a builder developer he took it straight to the land and enviroment on the 102 units
    won and are now all occupied.
    its just a case of know what your doing and yes I meet this everyday, know your market.

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    Profile photo of grossrealisationgrossrealisation
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    hi Anitamarshall
    have you or do you know a lender that lends above 82% without LMI thats not a private lender.
    As I don’t

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    Profile photo of grossrealisationgrossrealisation
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    hi all
    little hard to give an answer if you don’t know the question so your doing better then me don.

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    Profile photo of grossrealisationgrossrealisation
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    hi spi
    not sure if you can post this but email me his info and let me talk to him.

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    Profile photo of grossrealisationgrossrealisation
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    hi all
    checked with one of my brokers with regard to westpac and was told by the broker and he checked with westpac and he informed me this is not the case max 82%.
    Stuart Wemyss can you post if this went thru.
    and who else does over 80% without lmi.
    I am in the middle of refinancing 15 units across three units holders(trust unit holders) that I want to get as high loan without lmi at the moment.

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    Profile photo of grossrealisationgrossrealisation
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    hi redwing
    interesting links got a bit of a problem with the jenman .0rg as it doesn’t say who is behind it and when you go to the contact section it gives a email address.
    most of what is on there seems a little old hat I must admit I like to see indepth stuff.
    jenman to me is the same as a ljhooker or any other real estate.

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    Profile photo of grossrealisationgrossrealisation
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    hi PHILandGEN98
    with regards to business yes the numbers are against you and yes it is very difficult to succeed but when you do (and I have )succeed then it is a very good feeling. I am alittle different in that I take a business make it work and like a seed capitalist then take a percentage in the business and leave the other people to move on from there.
    and sorry to say this but I am a percentage man and look at both possible and actual returns.
    with regard to your original post.
    here is an example
    property international hotel build 17 mil land leased on 99 year term
    in possession with a international bank for 13 mil
    international hotel group has an agreement to lease at 12% of 17 mil for 25 years
    porposal
    rental 2.04mil
    relend 13 mil from a bank at 8% repayments 1.04mil 80%
    put equity (not Cash)up to the tune of 3mil
    so for the 3 mil in equity which is not costing any cash out.
    gives 1mil return per year and the international hotel group is being asked of the 2.04 mil, how much will you put up in advance on the deal in us dollars.
    This is an example and is currently closed so can’t be used as any type of investment choice.
    look aout side the square

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    Profile photo of grossrealisationgrossrealisation
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    hi dazzling
    interesting post.
    hope you log in and have alook some time.
    the trouble with investing is its like a drug and you can’t get unhooked.
    I do hope to someday meet up, I have a very tight 5 year time line and then I’m moving around.
    I am infront of my target and this year has started in turbo mode as its going very well.keep my email address (and I know you have it)and maybe later on.
    we may do one of these deals together of yours.
    I have my eye on a very large motorhome to do my moving around in and even then I will have net access.
    all the best and next time I’m in perth if you are around, we will catch up on that beer (or scotch)
    see ya

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    Profile photo of grossrealisationgrossrealisation
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    hi luckyinvestor
    you will find its the windows not the walls that the noise comes thru
    a product called rockwall is the go.
    its used to sound proof sound studios I have it in the floro of the second storey addition with timber floors and no noise transfer about twice the price of pink batts

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    Profile photo of grossrealisationgrossrealisation
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    hi cazbailey
    there are totally different a fund invests like a shot gun effect investing in different areas in different areas.
    where as direct is pin point investing and the don’t have the same rules.
    with a fund you look behind the colour pictures and see who is backing it and there projected returns and are designed to be safer this is not always the case.
    I don’t invest out of nsw currently, I am looking at direct investing outside Australia but its a while off at the moment and unless you have done very extensive checking I would not invest outside of the country that you spend the majority of your time in.

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    Profile photo of grossrealisationgrossrealisation
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    hi all
    watch out for hook marketing on this one.
    westpac has just informed us fellow westpac customers that they are increasing their fees (funny I haven’t seen roaring inflation) the atm fee is going up and over the counter is up and internet transfer is up also.
    first do the foundation up fees then increase the customer base. funny how hook marketing works.
    with all lends look at the fees and charges trouble with long lends they change all the time I get a little worried when a bank increases fees and then up pops a great offer funny that ha but I might just be cynical

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    Profile photo of grossrealisationgrossrealisation
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    sorry to say this but I have a couple of businesses and you right there is nothing new here because they way a business is run and works there is nothing new about it you can have a dot .com business and if you run it as most business are run and have been run many years it will work.
    people go into business with rose colour glass ( we would love to be like him)the trouble is they forget that he is up till 11 at night and up again at 6.00 and his kids ask why does your phone never stop ringing and you can’t just close your business an dwalk away.
    so not new no it not but maybe a couple of people here that have a business can let you know

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    Profile photo of grossrealisationgrossrealisation
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    hi dazzling
    not been called a sweety for a while maybe you need to have a chat with a couple of lender this week and a liquidator that said he had no interest in my offer as it had the dot between the ooo wrong will wait for him to come back,
    as for going to perth been there and if the lend comes thru maybe doing a little development over there sent out to lenders and waiting for it to come back.
    The cleaning business went some time ago I kept the email address as they changed the name when they bought it.
    and Pursefattener couple of thing about business
    95% close with in the first year the the rest another 2% the second hence if you get thru two years the banks like you also that why the banks want 3 year company tax returns cos if you got these you should be safe.
    second the main thing about business is not tiler, plumber or cook its cash flow you st-ff this up and you gone make sure you keep your finger on the till this is the biggest killer of any business, the second is the tax man no business is killed by customers or lack of then but it customers that think your are a 9 or 12 month credit account this is what you need to keep under control.
    my .002

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