Forum Replies Created
hi all
Wealth clubs are very good networking groups you just have to watch that you have a structure and system setup from the start because they do when they get large enough get over taken by one particular group who have there agenda in mind.
remember that alot of people would like us all to be equal but we arn’t and never will be so set the systems and structure (what ever they are) up at the start.
and jasonsesurbubs if your setting it up the form or type it will take.
Its is all well and good to set these up but the successfull ones are aimed at a particular area.
If it was in Sydney I would look at it also.here to help
hi alowe
I have been told on many occasions that you are not supposed to list or sell property on this forum I don’t agree with it but its the rule so if you read this before its deleted.
Heres my answer first its a negative investment, most on here are positive investment investors again I’m not in agreement in the whole on that view either but what you need to do is market them through a network or a real estate that does specilise in negativly geared investments.
or go to the meeting of investment clubs in your area and work that way.
Your post here was a relatively good idea but unless this area is going to do a 25% growth (and your haven’t listed the area) then it may well not be a good investment.
Hope all goes well and your post stays and a couple of more people can give you their views but I think it will end up on the cutting room floor.here to help
hi camder
A trust or assett protection would be very handy to have come along.
And a bird dogger and let us what and how they work (they mustn’t sell anything remember)
and this time I’m not bringing the tim tams as knowbody ate them and I’m still eating them with my
no spi not sc-tch, coffee.
also a heads up section on areas that you are looking at,why and warming areas using a white board( or is that taboo to mention white boards and projectors).here to help
hi nmlheja
The first one I registered with to have a better look at it so will tell you once I work out what and who they are and if ok may get involved myself.
On first look it seems like a form of pyramid system as they tell you to go to your introducer it may not be I’m going off first impressions but I investigate all and any investment opportunity.
The second seems like a real estate out of qld and no other states and they don’t have anything below $400,000 on there data base ( and for qld I think thats high I may be wrong as its not my market)
Its a good site for info thou and would keep it in your reference sheet to check every couple of weeks as they seem to have very helpfull information on lots of issues.
I wouldn’t get finance/;easing off a site I would work with a broker you are happy with.here to help
hi all
well Gembeau2 I’m not one for the ashes but I am british and yes I am old enough to drink scotch and I will cope.
I have not said that steve should not answer the questions that have been put to him ( nor am I here to defend steve I’m sure he can do that for himself without my help)
I agree that the money that is being asked is alot of money and have also said that I won’t be attending. the people who are attending or have attended may well have a very good number of questions its the way the questions are asked don’t shoot the pigeon shoot the message.
I think that a lot of post were not adressing the issues that were trying to be made and if you read my post I was explaining that you need to stand back from the discussion and give your input to clear away alot of what I see as rubbish.
Remember that people like me have already stuck our flags up and did so at the start of this whole debate that I’m not one of the combatents I’m on the side line watching and reading.
it maybe that the people that were going into this mentoring programme would have required the information to get a informed view well if this was the case the system that was used from my point looking at it from here it wasn’t very well done an ordilly list of question with please answer these would have been alot more successfull and had that been put without any reference to anything personal then you may have got a different response and still probably would still today.here to help
hi ss2306
tell your friend to keep all dockets and invoices for a min of 7 years get her husband to lend her the money to hold the property and drive the loan down as quick as possible when the property is positive and it will be she can claim the dockets back against any tax she may have to pay and also against any capital gain ask your accountant but she should be able to claim part of the interest on the loan her husband gave her to hold the property.
also tell her that before making any investment make sure you get assistance.
has she started building yet if not she could go jv with a builder and split the costs, liability, and profit and because she is in the low tax bracket save tax.
cut a deal with a local investor he buys end product, builder builds, and she throws in the land, split profit three ways.
33% of something is better then 100% of nothing
look out side the squarehere to help
hi ET
great idea but never practical the cost of the house and all associated cost way out lay the price to rent a property for the time you will live in it.
Cost to set up a system to manage correctly is preventative.
without an income the property falls into areas of tax that you need an accountant to discuss with you and he will probablly tell you the same.
this type of investment is all well and good if it is mixed in with other real estate when you are already an investor as it can to some extent work.
lot of people have the same view as yourself put you have asked as an investor and this is not to me a good investment.
rent it out and rent nextdoor for the time you want to visit is a better option.here to help
hi camder
Nice post mine is single malt.
white boards are fine and so is the date for me.
spi 21 don’t come round once a year they come round once a life time and mine was a while ago ( were is that scotch)
I know where petersham rsl is for any developers thats behind marrickville council one of the hardest council to get anything approved and I’m in there once aweek.
reading camders post is this going to be fancy dresshere to help
hi munjy
I think you have been ripped off because if you look at your at 20 09 you were 150 and then look at your post number at 21 03 and the post number hasn’t changed so you may have post 3000 post but your clock has stopped at 150 so I think go back to holding your breath what is the max stars and when do you get strips or is it like amway you go to the ambassador suite and presidential grade.here to help
hi Dutchess
Buy a duplex with the wall that can be removed. I’m doing one at harrington waters (is a house with 6 rooms) then if you split seal up the wall and preso you have two 3 br duplexes.you look after your debt and he looks after his.
Try looking outside the square I would try one thing that hasn’t been mention yet try to find the right person from the start.
but ha i’m synicalhere to help
hi Maruco
you’ll put me in the dog house for this one.
I’m of a different view for couple of reasons
1. It will be cheap because most banks won’t lend on them so you will have less buyers but also that gives you great bargaining power.
2.fewer tennents want them not so most of the 35sq units in king cross area of sydney have awaiting list because they are cheap ( anything cheap and a back packer, single or drugee will want)( I added drugee to liven up the post)
3. The return is similar to larger units and have I a business associate that only buys this type of unit because of his bargaining power.
so if you have the cash and you don’t need a bank ie drawing equity out of another property invest in a dog house as long as you have someone to live in it
Example
broadway house camperdown Sydney 150 x 1 bedroom appartments between 22 and 35 (so yours would be like a penthouse in this development) all sold within 3 weeks and waiting list to get in
why sydney uni opposite.
location location location
so unlike the other posters I never give up on an investment unless you have done your due diligences.
before giving up on it put a put call on it so you secure it and then post were it is and see what people think.
if in sydney I’ll give you my opinion I don’t invest in this type of unit as I have a lot on my plate at the moment.
hope I helped oh and the broadway unit were at one time called the dog boxes.
I should watch what I post or the guys from hong kong will bring in the sleep boxes that are the size of a coffin and you can invest in them in hong kong.here to help
hi all
well as I answered the last one I think i’ll answer this one as well just because you but a letter to a name doesn’t make it that person posting the message so maybe this is melbdude26 or maybe it isn’t but it seems to me that alot has changed since this site was off the air for a day.I must admit that I am very synical as I was when I read that other post that maybe a couple of suits have had a word and if that is the case then say so and for me that is not a bad thing freedom of speech is a very good thing as long as it doesn’t damage somebody else.
So I for one am not surprised at this post I am surprised that the anybody would expect it to be taken on face value.
and if I can be so bold as to give a little bit of advice and say I told you so and point a finger.
I think that had a few people taken a step back which alot of the posted were trying to tell you to do you would have seen it yourself.
if 50 people are shouting at you fire fire don’t stand there wondering what they are talking about or you are going to get burnt.
just like making your first investment mistake strike this off to training and next time try and listen to what other people alot wiser then me are telling you and this doesn’t go just for this post it goes for business in general.
If this is melbdude26 I for one will accept his post and lets forget the whole messhere to help
hi dinglc01
The risk is not higher its that the bank will only lend 60% on commercial and if vacant the time between tennents can be long depending on the site.they are oranges against apples not the same type of investment.here to help
hi elbows
couple of things
I am in your group of people that have bought +cf and I also hold neutral or neg and a couple of people on this board know my system so it won’t come as nay shock to them but there are properties out there i will give you a single stand alone deal and I currently still own it
263 wardell rd dulwich hill(inner west Sydney) ex commonwealth bank purchased (won’t go it the details of how I purchased)for $400,000.00 2 years ago interest 37,000 per year rent to fooder king 45,000 per year cpi + 6% per year increase on a 5 X 5 lease tennant covers all costs rented 3 days after settlement tennant asked for first refusal if we decide to sell and has currently offered to purchase for 1mil and they have 7 years to run the lease I’m in negotiation to sell the building and take the money in the form of shares in there company.which is even better.
there are deal you must work out the best ones and you have to be mindfull that there are lots of people like me that are also looking.
diamonds are not found in groups on the side of the road you have to look they are there.
only problem is you have to find them.here to help
hi coastymike
I would be interested in you shooting me a pm email as I setup a company and a trust for each of my developments and agree that putting property into trusts after setup isn’t alot of good but I would like to make sure that we have set them up correct from the start.here to help
hi Jobee62
Well it helps
No the list is the people who atended last time and if you wanted you wrote down your email address.
I think I may have cheated and wrote mine more then once (I think camder is checking)
but no you don’t need a list for the next one just introduce yourself and either learn as I do or educate which others try.here to help
hi Mortgage Hunter
and from the number of post that have asked you out I alraedy realised that you don’t need to rub it in.here to help
hi oshen
I have spoken to john from speed queen commercial ( he’s the owner and a friend of mine for some time) and he has told me he will give you heaps of information his email is [email protected].
don’t talk to him about real estate or he’ll be poaching my area.
As Pickworth no problem ask the question you never know who’s reading this board.
I also had avery large part of Australian Laundry Manufacturing pty ltd and just found out from john they closed and went down hill when I sold out my share.
I have my little fingers in lots of pies but as I told the meeting on sunday my claim to fame is I’m a business man in different markets.here to help
hi oshen
what state are you in.
I used to own United Automatic Machines Pty ltd Which was a Laundry Machine Manufacturer (commercial) and if you give me your state I will but you intouch with a commercial laundry that will be able to give you costing I still talk with a few.here to help
hi robo
Not into it now but when I did reno I did the floors myself its cheap to do and there is little you can st-ff up and a couple of coats of estopol and they look great and when the new buyer ask you can put your hand on your heart and tell em you’ve done a great job(hopefully).My units are timber floors(not by me) as they are a great selling point and blackbutt is beautifull when coated. I have blackbutt both floors of my house.
so a tick for me.here to help
