Forum Replies Created
hi batts71
Never had an option on a unit but would only look at it if it was a put/call option and call was at completion.
As you can lend on put/call options.
lenders I think wouldn’t accept an option as a pre sale so there would be no advantage to the developer.
A put call option (I can ask)I think would go as a pre sale ( an if so then a developer may look it) maybe a broker would have this answer.here to help
hi Bullion
not sure of the name if your buying building materials from bunning it depends on volume.
don’t know your state but walk down to your local building site you’ll find them they have mess around e’m.
Ask for the builder and see who he buys his blue board from if he says bunnings grab his hammer and hit him.
Builders usually have building suppliers for concrete, sands, cement, your bunnings and local hardwares are for small items.
I don’t have any financial interest in bunning or its competitors.here to help
hi neo25x5
I think this should be in frolicks or heads up people be scared.
If you delete you just have a carpet with alot of rubbish under it and I think that the more experience investors should say what it is and tell them what you think.
To invest in turkey, bolivia or kenya
Save your money post gross realisation where can I put my money as I would like to lose it.
black 21 roulete table 14 crown casino has more chance of making money.here to help
hi MichaelYardney
very good post.
I think
You must be able to stand on a block of land.
Walk around and have any idea of what is going to be here when finished ,
I haven’t thought of it as art but yes it is a form of art and lasts for many years good or bad.
I have complete control from design to end product.
I have posted that pressure comes with the territory its part of the job, if you can’t stand heat don’t become a chef.
The most important part is your team they must be like a horse or dog slay team, they work for one goal, you as the guy on the back direct them and pull the ropes.
I only go to my sites once a week.
and the brick stops at my desk.
I say the largest problems are cash flow and lender management, the up side is freedom.here to help
hi batts71
No different to resi the returns are higher the tennent usually pays all out going.
post a couple of questions and you will get the answers you require.
oh and you may also get the answers you don’t want, so take the risk.
I’m not a get book keeper I ask question of people who read books.
chinese saying
The smartest person is not someone who knows everything, it is a person who knows the people who know everything.here to help
hi all
I read a post yesterday about investing in the US and mentioned buying in africa and being eaten by lions this would be similar to this post but I think that you may get pecked by a turkey with this one either way keep your money in a safe and don’t carry the safe code number with you when you go into these countries.here to help
Hi ozi
I read with interest your post and I am yet to find a reason why you would invest overseas on property that hay hasn’t got the same return nor the same growth as your own back yard, I always have this feeling (the qld bottom feeder selling qld property they can’t sell in qld to nsw investors and nsw bottom feeders selling to vic investors) I look at it this way if the return and the margin is so good then why am I flying this distance when the guy down the road isn’t buying it.
After all the US income and investment rate is higher then here.
All this overseas property may well be diamonds in the rough but you also find thorns, bindys, and if you buy in africa lions.
At best you’ll get pricked, stung and at worse eaten.
At least here you can get a feel of the market by being here not sure if that the case on a 4 week buying group.
only my view maybe I’m wronghere to help
hi jenaseire
Go back a week in threads and have a read.
Get a good broker and an international accounting firm that can intergrate your business plan.
You are moving into an area that is specialised and need there assistance.
But first decide your path and they will be able to direct you from there.
Hope all goes well, the Eire market is going very well not to sure of the Castlebar Mayo market but thats a different question.here to help
hi dazzling
congratulations I would post one of those little smily face put don’t know how.here to help
hi dazzling
From what Ive read crashy only wants to delay moving and as I said don’t engage the solicitor just suggest you have.
This will get you that time.
As for cricket hate the game.
I think that having a chat probably would work but I wouldn’t have the time and this way its letters or faxes and gets the same result.
the land lord probably wouldn’t know whats going on so I wouldn’t worry about him,her they(as I would) only want to make sure the rent is paid.
I like sabre rattling every so often it make the blood flow better.here to help
hi Bob Dobelina
ask your lender if they get to 64 mil at above 66.5% gross.
looking at a finance deal at the moment.
syd
132 units 1/3 pre sold.
[email protected]here to help
hi Negoc8
hsbc
mortgage group,
bankwest
suncorp
westpac
asf
prestige
anz
and our ownhere to help
thank no problen here to help
here to help
hi InvestorInTraining
not sure of your state or the type of property.
I take it this is not a new property or the seller would have offered vender finance usually.
to understand it go to a new unit development site see one of the agents and ask about vender finance he will explain what it is and the terms and conditions.
Then talk to a broker theres a couple floating around here (not me) he will tell you how much and how you can lend. then talk to the vendor I am a vendor and I do do vendor finance put only on our own product (new) and on a deal by deal basis.
It is relatively easy as long as you both agree.here to help
hi crashy
not supoposed to say this as maybe some of my tennants are on this forum.
change the locks. walk down your local street find a big solicitor on the main street.
send a letter to the real estate saying that any correspondance to be addressed to this legal firm att you c/- mr brown and leave it there.
The mail will go there they won’t do any thing because they cann’t until this legal firm tells them and until you engage them it will be in limbo
it will take 3 months before they work out who’s who and whats what and by that time youve moved.here to help
hi investToSurf
they are a mix and some are propriotory programmes
most are inc taxes.
3 are the current back programmes that are assigned to me.here to help
hi all
Sorry to disappoint you but the cowboys are not confined to the brokers, recommendation from family is good but not much good if the family members is one of the cowboys,
I would get a deal from a broker and check against a second broker.
If they are the same or similar work with the one your happy to work with because at the end of the day (and you wish to be a property investor) you will hopefully be working with this person very closely for some time.
My family and freinds broker cost me (they asked to give him a chance).
The following.
3.9 mil lend, equity should have been 5.85 mil,
broker put forward 7.3 mil of our equity.
bank accepted ( and why wouldn’t they) ( he thought the more the better)
cost of stamp duty legals and a like is very expensive.
His fee $37,000.00.
Our cost more then double.
you live and learn no he’s not going to do any more deals for us.
I ended up taking control of the deal.here to help
hi GPSNetwork
can you get your freind to email me when his next meeting on trusts is on.
I read a tread that you went to meeting post it here or email me at [email protected]here to help
hi Brizza
whats not very popular or favoured by lender.
If you are an owner builder head for a broker first or chat to st george if your looking for funding.
Richard ( above)should be able to find a lender out there that will give 100% lend or near enough.push him for 80% lend on land and full construct loan,but I’m not going to do his job for him.here to help
hi investToSurf
(I like the name)yes there are a couple of things that cost.
professional fees (legal,selling buying fees)
stamp duty
interest
contingency 5%
sell agents fees
gst
my programmes takes these out for gross profithere to help
