hi suzieq
not sure Ghosting is used in real estate but could be used with land sales I havent heard of it but is possible, (and spi when did I use humour) Ghosting is usually used if you want to inflate a price to a level that you know some one will buy at and you have a pre determind price, It is similar to the auctioner putting a bid to the wall but the ghost is usually a company or companies so you don’t know if its real or a ghost If there is any other share commodity people here they will explain but that is the easiest I can, since Australia changed to electronic it a little bit different,
on an open floor they are used within a house to drive a price to a level to sell.
It would be difficult to use on real estate here.
why do you ask,
little tricks like this are not usually asked about.
but ha ask away

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hi all
I’m a full time developer,investor,company owner,and a broker but only for my projects.
I am a fully qualified electronic engineer, with quals in training and have setup and Im the owner of national service company with in australia, with most technicians trained by me,I’m the major share holder of dial a chicken pty ltd ( trade marked ) a fast food chain that maybe going to wa, my business interest are over 5 levels all of which I am the major share holder,
I have been developing for over 10 years with in excess of 10 projects completed without a loss ( which in this market is going ok)
I negotiate deals on different levels and if they are some thing that I think will work I take a position.
My hard hat only says Lawrence and the brick stops at me.
I have a team of people behind me that assist in what I get involved in.
I enjoy what I do and have a set time line which everybody within my organisation knows.
I have already organised how my companies will be run while I enjoy my remaining time here.
I am what you would call a full time investor yet my time starts at 6.00 and I’m still getting calls at 11.00pm
I have two phones one in and one out my out phone is with 3 which has a $500.00 cap and I over run each month (last month $750.00) some times I wish I was in a freezer or on a oil rig both I could do but I don’t want to, been there done that.
so next time you go to dinner with the guy who says what do you do and he says I’m an investor
spare a thought for me because each time you get, “what you sit at home and do nothing” when in reality its nothing like that.
Then I get a pen and explain what I do and show them my sites and it changes there minds a little.
so dazzling not sure how to answer your question maybe I’ll ask my team “what do I really do”
all I can say is wait for the challenge I have your comm up front at the moment not sure if I can beat that but will try.

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hi Ricksters12
have a chat with cata or coastymike to structure it correctly but you may need two trusts one a unit trust to purchase the property in a name (my favourite is a company above but they can work that out.)the money investered into this trust is from a self managed super fund again can be a trust which would get a return from the first.when the property is payed off it flows thru the trust and one oif the unit holders is the super fund trust which can be added at any time.
Cata can you email me at [email protected]
with regard to another post on why you would by land in a different entity to the developer.
Ricksters12 you can email me to the above and will talk to one of my guys and he may have a structure you can use make sure you put your name fromn here as I get lot of emails.

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hi Sitting on the Fence
I will get one of my kids to email you with how to do it as they set mine up for me.
its no good for looking at properties as their not enough detail I have pins on mine to show my developments and were in relation to each other they are and to plan a trip it is very good for that put but not much use except as a gimic.
the detail is good for sydney but a ubd gives you more detail then it.
A bit of fun yes everyone comes round for a few beers and asked well what do you do and I go onto google earth and shown em but thats about it.

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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 prisinors are the wigs they skin you if they can.
so to get away from this you try not to cross-collateralisation as then they don’t know and you try to put up as many screens, wall a moat if possible around your investments to keep this guys out.
If you need a bank or lender you set up you investment as a single stand alone deal with (in my case a company and trust under but yours could be different)a structure and then lend to that and only that investment and keep all others at arms lenght.
I currently have loans with hsbc,suncorp,anz,nab, and two different private lenders and they only work on the projects in there deal.
I get the best deal at the time and the last one that exchanged yesterday was one of the best to date and that was nab.
investing is only part of the job the hardest part is holding, growing, and perserving the investment and with they way that every goverment federal and state is concerned we are the bunnies and there are the wolves so start digging that moat.

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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 don’t think I recommended mortgage choice ho I now remember why because I did recommend a broker that know’s what they are doing silly me for not mentioning this first.
hope its all gone well

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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 same view as me) a lot of good,
so I don’t usually ( and its not often that I sit on the fence)stick my little foot in on these debates as I see it a little one eyed but there are a couple of people here who don’t like neil and I accept that as we all have our likes and our dislikes but look at how your system can be made better.
If drx is looking at changing this maybe good or bad but thats for drx to decide.
I like people to pull and attack any system, its the only way that the system gets strong and this is not to say you are or have attacked him but attack his system Im sure like me he enjoys it.

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