hi all
Yes I agree about mustle cars but the same can be said of stallions and as long as you can handle them correctly are very usefull on the long run.

As for neil well there are alot of people that get paid for there views and or conventions.
You only get invited if you have a interesting past or a controversial future and monies money.
remember kile( I think i’ve spelt his name wrong) on 2dayfm sydney only is on the radio because he hates everyone and everything and now he’s on australian idol why because he’s controversial.
I take most of these types with a pinch of salt and enjoy some of there views.

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hi aptam
I am interested why you would think it was your problem.
Are you also thinking of paying for the paint job on the house across the street or the guy down the road who needs new tyres on his car.
If somebody can to my door with your post I would tell him to s-d off and close the door in his face and when I met him next, tell him your sorry put you get angry at stupidity and leave it at that.

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hi Eaglerocker
My view maybe different and its your call.
I would do a investment with siblings and I would pay it off as it goes and then I would brag out any equity if and when is required for the next investment.
Not sure about your family but mine.
I use the cash out of equity to fuel my investments and my extended families investments and as long as the ground rules are agreed from the start and are written down( very important) then they work.
Banks just love multiple cross claiments so you wouldn’t have any problem with lenders and if you do.
Post broker wanted and put your city and let them find the loan.
I’m a licenced broker and I use brokers to organise some of my lends as it is easier to get thru there lending institutions.
Its for time and effort.
Don’t email me as I don’t broker to external clients.

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hi psyduck
not sure of the name but the investment from my point of view looks ok.
Blacktown has a relativly good growth and I think it will move further, I was at toogabbie today at a meeting and there is alot of commercial going on there which means jobs which means people looking for property.
5% on a villa for this market is also ok.
this is in your name but for me it should have been in a trust.
there is a meeting on the 11 sept in gladsville and you will meet people who will tell you why.
I would talk to a good accountant you can email me roy gardian networkgroup( I think) or mortgage hunter.
I can give you an accountant to organise this before exchange the cost to do it know is relatively cheap but in your own name may be more expensive later on.
You need to act before you settle and before stamp duty is paid.personal name is ok if you are keeping as a ppor but ip is a business and should be seen as such.
Like the ambition to gain 1 a year like the drive.

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hi Dr.X
know know Dr.X
Neil has his views and I may not agree with them and have had a couple of chats with him on them he still happens to be a friend of mine. and because you are a wrapper and he doesn’t like wrapping doesn’t mean that you don’t talk about his idea’s.
I think( and I’m not going to put words in steve”s mouth)there is a long distance between his views and him personally I debate his views and they are not on the same line as my own.
but I have the view that.
I may not agree with what you say but i’ll fight to the death for your right to say it.( not sure of the president that quoted this)but it is correct.
When you attack the pigieon not the message,nothing has change the message just the sender finds a different way of transportation.
so by all means give your view for me, as the more the merrior but I don’t think neil will change his opinion either( and I wouldn’t put words in his mouth either)

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Hi melbdude26
Everyone has a view and mine is the opposite to steve.
I explain to my people the view that there is nothing wrong with debt.
debt is not bad if you have the following.
A. A tennent or borrower that can service the loan with all charges taken into account.
B. An item(this doesn’t just work for property)that grows in value at a rate above the cpi ( and in your agreement you put in cpi increases)
C. You have a ready market to dispose of the item if need be.
If you have all of the above then I would look at multiple millions in debt.
I agree with the consumption problem and that will become a very large problem for some house holds.

as for.

3. Avoid enmasse long-term buy and hold positions in property given the uncertain times.
I would be looking at the opposite if the above is gained and you find a property that is doing the above.
I have never worked on the pull down the shutters and wait idea.
I swim against the waves its a lot more successfull and use these properties that are similar to above to leverage to the next level.

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hi NicolaW
I also am a novis with this type of investment and for that reason and that reason alone.
I would check all the figures this is investing out of the norm which I like but I wouldn’t advise this unless you are between 17 and 20 high income and want to take a risk then my answer would be go for it.
It is then a risk for profit plus learning.
Do your own research of there figures people who are selling you something have there own agender which may not be the same as yours.
I don’t know your circumstances so I can’t help with more specifics.

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hi dkram
I also don’t like it.
a what hapens when the hotel moves to the next new building and your left with a room.
b the return is very low for this type of investment usually it should be a commercial return 10%
c which is the main reason why I wouldn’t buy it is you posted,I don’t know much about inner CBD appartments. if you don’t know don’t invest is my opinion.

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hi clea
I have both.
comm gives return and lower growth and resi gives growth and lower return.
I don’t have enough info to give you an informed view but there are acouple of brokers here who will look at your lending requirements and give you a few Ideas.
If no brokers replys send roy an email and he will get a broker to email you from his network.(not me)
I must admit I do like commercial for ease.
mine are on a 5 x 5 cpi increase.

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hi Luci
with fear that you may not read this post. (deleted) I will answer your post.
your current question is what I setup every day and how I set up my syndicates.
First you have a company.
That is used for gst and the running of the project.
Under that you have a unit trust (depending on how you wish to divest the end product)
each jv member is a unit trust holder. each project is setup separately in the same manner.
being a unit trust the profits can be divided at the start with how it is be done.
These structures are relatively easy to operate and I usually carry a 10 place unit trust with me carrying 5 or 6 places in each structure I organise a fixed price builder and organise the complete lend on the development, including the individual lends on the end product units at the completion of the project.
my jv partners syndicate the hurt money at the start of the project.
I syndicate with family and friends and what we call mule investors that are just putting cash in to get a return.
Once the project is complete the profit are separated and the next project is underway.
lifex
possibly keep properties separate and use cash extracted out of any equity as deposits for the next property/unit trust.
Is exactly what we do and I organise the loans to do it.(in my group)
The structure you organise at the start is very important. here is an example
builder buys option on block of land (7,000,000.00)in a company name.
builder gets da
builder hits a wall from bank because he has to many sites so he decides to sell da site for $9,500,000.00
along comes developer (me)wants to buy site agrees on price $9,500,000.00
builder tells me about above.
problem.
why
1 he has to pay stamp duty on his purchase of land $485,000.00 (he has an option)
2 I have to pay stamp duty on $9,500,000.00 ($898,700.00)
3. he has to pay 40% company tax on any company profit ($2,500,000.00) $1,000,000.00
so out of $2,500,000 (his perceived profit) he will get $1,000,000.00 and we haven’t taken out gst yet.
Had he put it in a specific trust.
He would have possible walked away with the whole $2,500,000.00
He doesn’t know yet, I won’t be buying it for $9,500,000.00 either my guys don’t take prisoners when these come up and we have the complete lend on the $9,500,000.00 already.
This why you need to set these up correctly before you even start negotiations.
If you are in sydney and you wish to talk about this setup come to the meeting on sept 11 and I will explain it further.
This is not financial advice it is not to be seen as advertising for a trust or syndicate nor is it promoting a syndicate.
As you must and should be aware the asic 2/20 rule deals with unit trusts and this post is an answer to the above post and should not he looked on as financial advice I do not advertise nor would I recomend the advertising of specific syndicates and any reference to syndication is of a syndicate that I am currently in and is my own personal view of my own person investment vehicle.

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