Forum Replies Created
hi APerry
If you ask me?? then you are outside this ruling automatically as you are sen as a sophisticated investors.
This side of business is very interesting and once you get involved you understand why I must admit that I can see both sides of the fence but we must work within the rules and not against them.
you need a what are you involved in page and the if an ivestor asks you to explain it them one on one it gets outside all these ruling as it seen as a request not an advertisment.here to help
hi all
Not seen anything yet.
I exchange at 3.00 today and all paperwork is at the solicitors as I type.
Its a vic company with a unit trust under.
I’m interested who my combatent is.here to help
hi all
and http://www.bbfunpro.com/posting.php?mforum=gpsnetwork
invested was not my cup of tea as you have to pay but maybe someoneshere to help
hi APerry
yes I agree there are but they are a long time investment that can and do make money it just that you must know what type and what they are investing in and steveadel need to do a bit of resurch to see what he wants there is agood article in the current issue of australian property investor of these type of investments and the differences between them.
it is one of the fastest growing markets and just like franchising (front runner currently and unlisted property trust are running second to my information) ( which I am involved in both to different degrees)unless you know what you are investing in is not a markets for the money under the bed investor.
I maybe wrong and if I am steveadel can correct me but the first part of my post was that not sure if he new what they are and if you don’t then learn until you do and even the large are unit trust which in essance is a syndicate of unit holders.
as for them holding a Financial Services License I have a little quote that I go by and that is theres more stolen with a pen then there is with gun and just because they have a license to be a Financial Services License or a plumber do your own research and if the numbers stack up then invest.
Just because a person wears a suit doesn’t mean he hasn’t just changed out of his prison greens.here to help
hi waynel2
not sure in perth how you organise a company but if I did know I would tell you not to do it any way before you organise any structure you need to talk to an accountant and a broker if possible there are very good reasons why.
I have multipul companies and multipul trusts and have mine setup for different reasons.
my companies for purchases of property in nsw are incorporated in vic melb for reasons that don’t need to go into here.
so I wouldn’t get a company over the net and there lots it what you want to do with it that is important.
this is not advice and should not be seen as suchhere to help
hi steveadel
couple of things
1. not sure if you know what aunlisted property trust is and if you do then you would know that you can’t advertise aunlisted property trust because the are also called syndicates
2.and unlisted property trust is as the name suggests is a unit trust that is put together to invest in property(that is a very simplistic statement and there is alot more in them)
3. under asic you are not allowed to advertise if the value is over 2mil or aimed at more then 20 people and unless you are going to invest in a project under 2 mil and you will find few if any that are down at that level unless they are building a house and the trust is two units you will not qualify.
4.most of the successfull unlisted property trust are formed by like minded investors me being one of them that organise ours.
5. There are alot of large groups but the fees and charges out strip return.
you can pm if you wish but this is not to be seen as any form of advertising.here to help
hi all
Maybe I’m looking at this wrong I don’t have a problem with yes it would be better at the bottom or not there at all but if I shelled out 9k I think I would want not only the section at the top but a success section also so other mentors or hopefull mentors can check that they have succeeded and not just gone along with the traffic and infact waisted 9k.
as for the link I think that if you know of another investor web site post and I’ll help with my bit I’m going to post a tread and add to it.
as we all need to learn as I posted once re a investment club in melbourne you must be very carefull that they don’t get taken over from a monitary reason I wouldn’t think steve would squash the site of the other section because you need those to get people interested and then shell out 9k so it is a chicken or egg situation you need both.lets have a what have you made page so you put up an investment that was made today (well in 2 days as thats when it settles) you post your return and see the returns for the 9k, mine is 8 k out lay so its not far off the same I’ll post gross project and the mentor for the other can pick a project and after 6 months which isn’t a long time lets see the returns.
This should be very interestinghere to help
hi mattjones
have a read under put call options every negotiation I do I put a put call option for min 2 months before I even go for my letter of offer from a bank I have two in at the moment and paperwork on the way.
This way you cann’t be gazumped in any form and you negotiate the fee to a minimum under 3 months is $1.00 it is a formality but it works.
both you and the vendor know you are going to buy the property.
and if anything goes wrong you can pull out.
have aread and I recommend all purchases to use them.
sorry for any mistakes in spelling as I have ameeting to go tohere to help
hi dpharris75
I am in the middle of the coin in the air at the moment as my tennant wants to buy my car space on oxford street it has rises 35% in the time Ive had it and is a 6% return I have 14 tennants wanting car parks in this block he has offered and not sure if the market has stopped.
The reurn is not high but nothing is in cbd sydney but the return is there if in the right place.
If its in the kings cross william street area then 50 is cheap mine is 75khere to help
thanks dazzling
and yes it may end up regional but I think that you would need more work.here to help
hi robo
I would take the offer on the table before I would somebody telling me they may buy a property.
but I would check that contract ( and everyone must check contracts very carefully) if you have signed a exclusive standard contract you will find in the small print that the agent can claim there commision for upto 3 months after the expiry of the contract.
also if you have signed with an agent and the agent sends the listing to more then one agent ie a group and your purchaser has seen or introduced by more then one agent the that property the purchaser must cross out in the purchase contract that they will pay the agents introduction commission ( I as standard cross it out, it is in most contracts,if you don’t you are leaving yourself open to multipul agent claims)
I usually and have last week sent my contracts back upto 4 times until the contract comes the way I like it before its signed.here to help
hi kp
not recommending an area yet I’m glad you like my creative accounting a few people are of the same opinion.when I have got this project that I’m currenly working on I will give you the heads up it a little premature at the moment.
As for dazzling I would be interested not only on what area he would specialize in but his opinion.here to help
hi all
I am trying to get a return on investment for the different areas including all cost.
sorry redwing I don’t use on line accounts but get your drift.
This is buy and hold and what area you have in region that has a return above 5%.
I thought this post had died but it has been rebornehere to help
hi Kwaidan
This is a very similar post to another post is it the same person or is there a group that is flying out on the one flight and where are you flying to??????here to help
hi HAV11C
know I have read dazzling complete post.
1.not sure of the wife and if she is going to work( and I’m not interested as I’m not your broker nor will I be unless you want to pay my bill)
2. and this is where I disagree with dazzling and I change hats don’t ever think you know a persons position unless you have asked the person I haven’t nor would I.
when ever I am talking he it maybe he/she or visa versa.
I think talk to a broker on this forum that can forumulate a system thats workd for youhere to help
hi Dutchess
without taking the high moral ground can I just give my little .002%.
first I have read the and some I agree with and some I don’t but at the end of the day it comes down to trust. you can if you wish put this here and that there but is that trust if he is going to go here or go there again is that trust if you go for a loan and you are going for the loan and the bank lends this is this trust.
we live on trust and if you dont think this person lives on trust then sorry I can give you companies all over the world but they are not going to give you the one thing you need and that is a person that works on trust.
there are 1000’s maybe 10000000 of sharks out there and the one thing that stops them from me is trust, you must trust them and get family or friends to trust them and work from there,
suits want your money more then the sharks.
I like the post we men don’t have this problem but my girl has here property investment controlled by a trust and controlled by a suit.here to help
hi The Wild One
I am in the position that you are talking about currently and it is outside our usual comfort zone and have decided to use a local solicitor that works in the area but it goes to my solicitor here in sydney before me.
Michael 1st/ marcel( barrister 2nd if need be michaels call) they are for me my first line of defence so all transaction legal go thru them so from a cost point of view it ads maybe $900.00 all over but from a security point of view I know that the guys next to me are all on the same team if you fragment you have a chance of loss and I don’t like losing, currently we haven’t lost which is a good batting average.
remember that you must trust your team.
you might be the goal scorer(me)but the team behind you are the group that keeps the team going and you must keep them as a team if you change and bring another company or person into that team ie you are going to another state then you must tell them why you are changing( this is my opinion because I tell my group we are working for the same goal).
If I decided to use a external without michael he would not question my reason but if a problem occured he would have no problem with telling me that had known that he would have told me so.
remember that there is no i in team and mine is a team.
and my best advice is work on getting a team together and your question will be answered.
in a team
you need a front runner and then you have drawers and pencil pushers and the goal keepers are the suits or legals if you ask any team who is the most important player they will tell you the goal keeper.and the keeper is the suits so would you change your goal keeper at half time with the guy on the side line with a beer in his hand to go in goal I think not.
I think I’ve answered your question.here to help
hi HAV11C
I will give my opinion which is not advice,
you have a loam with equity of 125k don’t sell the house with dazzling you get 115k, get as much out of the house as possible 125k.
get a job ( because this level will not get you into a state that will move you forward from a lending position)
lend the 125k to the new investment you have unit in the costliest city next to tokyo in the world (why sell it)
use the 125k to leverage with a tenant to a 400k house in doss ville as dazzling says.
get all your investments on interest only loans.
make sure that you have movemant in your investment prop for gaining value by increasing value ie new kitchen or up grading.
hold and leverage every 3 years to the next prop.
not sure your state but go to a group meeting and get advice from investors there and learn.here to help
hi vinny
before I start I will tell you don’t email me.yes there are unfortunately bad brokers but in my case I was with one of my investors that is a developer in her own right and she was in a hole toi the turn of negative $480,000.00 on one of her sites with no lender going to lend and after 6 hrs of using my calculator and laptop and organising different funding strategys
I structured it in away that she should build is financing thru nab and they are not the easiest lender in the world as a few brokers here will tell you.and she will be holding a unit as profit and will come out with $250,00 on top in profit.
and I don’t charge her but she buys into my system so I help out were I can.
This may seem like I am doing something extra this is not the case as I think most brokers on this forum including the ones that have already been mentioned, if they new all the facts as I ended up knowing should have been able to do this deal.
so you shouldn’t paint all brokers with the same brush and try another one.
agian I don’t broker out side my own client base and I am not the type of broker that you will be requiring.here to help
hi Mcubed82
Can I give you another idea and please foundation don’t abuse me??
1. change your loan to interest only fixed for 5 years take the income that you have saved( from your normal repayments) and find 2 properties 1 income positive in a rural area the other in a high growth negative investment.
2 work the numbers so the end result of your out goings are neutral (or negative if you are in the higher tax bracket) ( make sure you have purchased the investments in a company with a trust underneithe and make the rents index link to cpi or 6%
3. hold for 5 years
6. draw the equity out of the growth unit due to increase of rent sell ( I would draw the positives equity out until it was negative and hold)
7. draw out as much equity as covers your loan.
pay off your loan and sell which ever of the two properies is the highest return due to the fact that all of the above is working in a negative enviroment there is no tax as you havent made a profit and because you lent the money to start the companies off it is seen as a loan.
you have payed your house off and you are left with a investment property and because you have linked the rent it will pay itself off.
I wouldn’t if it was me pay off the house I would leverage to another property but ha I’m a mercinary.
5 years is a fine time line for growth but you can find properties that will give that growth but they are hard to find.
non of the above should be seen as tax advice and don’t do this at home kids etchere to help
