Hi kenkoh2000
Sorry not a great book reader so I haven’t read his book but yes I do use this system as one of my systems.
It work relativeley easy my criteria is a bit different from others but basically here it is.
1. I build something (units is the simplest as its current in a company/trust structure the profit flows thru and a unit comes to me (again simplest version)
2. prior to completion I find 1 or 2 posi properties.
3.I setup a second company/trust which purchases the posi properties and sits and waits for completion of the unit.
4. on completion the unit flows thru the first trust and drops into the second trust.
5. I lend the maximum that the rent from the posi’s and the rent from the unit will allow and thats my cash flow for the next project.
6. As I have very high growth from the neg property and is held by very low growth but high cash flow it works well.
As they are trusts they can be moved as I wish.
You must look at this as being part of a system and there are other parts that also work off this and intergarte with this system( its a bit like saying can you tell me how your car gets from sydney to penrith and start at the steering wheel)( and I don’t know what a car is or a steering wheel)
but this is a very simplistic version.
risk
you must know who and where you are building, so the end product(in the above the unit) must be high growth but continued high growth (current marrickville Sydney)(not your double bays of this world but places that will continue to grow)
high rental
current comm dulwich hill
Tennant on 5 x 5 rental with cpi or 6% which ever is higher.
Make sure the tennant is going to be around for 10 years ( this tennant has shown interest to purchase the property)
I do this not as a part time job this is my job.
I am always on the look out for a few properties for different parts to my structure.
once a development site has been found.
current site which will come on line very soon.
I look for posi’s (have three lined up) then I organise the structure to suit.
Its very similar to developing you don’t build a block of units, sell, sit and then start looking for another site.
When you are 3/4 finished you look for your next site.
I do the same with my structures.
Mine is a little more refind.
and for anyone reading this I would not recommend this system for you.
As you must build your structures for your requirements this system is and has been designed for my requirements and they will be different to yours by all means you can intergrate it into your structure and it will work very well.
from reading my posts you will see I send alot of my time on research ( I have 2 computers and laptop, one on one straight into telstra backbone) to research my projects.
hope this help

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hi pen
never ever buy investment real estate because you like it or you want to live in it buy it because its a good investment you may find one in the snow fields but do the figures and leave a bit in the margin for climate change.
These are not one of my favorite investments either.
Having said that if everyone isn’t liking or looking there then you may find a gem.
go hunting

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hi resiwealth
there are many reasons to go to meeting and one is to network which is a very valuable item but doesn’t cost much.
As for writing down what they wish to understand, had you been to the last meeting that is what len has already asked and we got a few takers,
we have asked a couple of people involved in trusts and accounting to come along to the next meeting.
Ever thing is a form of selling and mint came to the last meeting and were very well received and did a good presentation and some people may have gone back to them.
roy also ran thru his areas that he is currently looking at.
I haven’t seen an agenda yet from mint put they were going to send one out.
Maybe len (camder)might be able to give some insight.
any body who has a qualification or experience in the market place is most welcome to attend and there advice will be well received.
and bring along some tim tams

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hi terryw
and caveat lend any short fall cash flow you don’t have to finish the project.
but read first.
or talk to a broker.
not me

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yep here to help

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hi carl_vic
I would go the other way
and draw the equity out of the house and increase the gf liability as its the easyest and you can split the loan talk to a broker one has already posted here.
your gf is going into debt anyway so you are moving chairs on a boat once see is a 50/50 share holder she may what to payout either party if there is growth there and you have said there is then us it.
It is going to be difficult to get a lender to lend on a house with two owners and two separate lends on it can be done but the way above is alot easier.
don’t know your state but richard should be able to do this if you catch him on a good day he has been sharp with a couple of posters lately.
good luck hope if helped

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hi toni
should be there awaiting a couple of people to come back with regard to trusts
couldn’t find that trust question you spoke to me about.
pm me with the link.
27ths ok for me

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