Forum Replies Created
hi camder
just in case I miss the next meeting any chance of emailling the time so I can try and attend missed the last one as I have only justed read the post.I look forward to the next meeting
here to help
hi property passion
pick a local architect he should be able to organise most of the council requirements as long as be works in that area.
if its in sydney I can give you a few I work withhere to help
hi mauricio
I think you need to do the last thing I sugested and have a chat to a couple of accountants or even your bank(which ever one) financial advicer to structure your affairs.
Buying property in one persons name leaves you to open for attack from creditors for my liking.
especialy for litigation and false insurance claims.here to help
hi gilad
Have a read of the post I put in at what would you do if you were me I think its still on the first page of help needed.
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I like the euro bit and good advice.
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hi kendo
banks don’t like to (a) change valuers or (b) use one you like, but they do use valuers that brokers who work for them recommend.So find a broker you can work with and save on the valuations, also tell the broker what you want to achieve I here there’s a bloke flogging 95% lvr low doc 8.99% loans not sure what he’s like but sound ok
For what it worth I had a commercial property valued on three occasions for three different bank as part of equity loans and they were ($1,000,000.00,$450,000.00 and $950,000.000 same building 5 years between first valuation and last.
lucky I didn’t need the cash.good tip is always get a business card from the valuer they come in handy when talking to your broker as he can take to bank to assist.
here to help
not sure why you think you will get a lower lvr because of insurance.
The insurance hasn’t got anything to do with lvr.
Lvr to me is loan to value ratio.
Ie value of property and the loan being a portion of that value.
Insurance can be the replacemant value but this will not change the lvr.
Currently lvr on commercial lending is normally 60% and is across the board.
I have got it to 70% but combined with residential lend and some private lending.here to help
hi billyray
sorry to add this to your post but can scott send me an email to [email protected] I can’t cut and paste your email address for some reason.
I would be interested in what you do and costs. for multi storeys sydney cbdhere to help
hi foundation
two things.
first I like the financial Darwinism approach unfortunately a lot of the very successfull businessmen I know would probably be living in hyde park with a bottle of claret had I followed you idea but it is an idea all the same.As for the concept of a company paying the debt of an emplyee, this I think would not be uncommon, it would be the same as gross realisation lending is an uncommon financing procedure currently put very achievable.
as for not understanding the post I will have to check my grammer and spelling but as dazzling would say I don’t give a rats.
here to help
may be worth a stab.
He’s on 45,000.00 and employed.
I have organised before (the company would have to like the person and this case they did)the company pays out the cards
( she tried to commit suiside for her debt) she pays the company back out of her wages at a reasonable rate ( hers woz zero)(she has been with the company 7 year currently and alot happier worker).This will not work unless the person gets help( she did) and they throw all cards out (she did) and only uses the money in the bank at that time not even shop charge cards and in the agreement with the company that is part of the terms and conditions of the company loan.
worth a try but its hard work and needs a outside the square looking company who needs this emplyee.
she also is still a good friend and when I go to this company I always get a nice cup of coffee and a bickyhere to help
Hi Spi
answer the following question and let me do some home work’
were. state, streetwhats the zoning of the land.
what size is the land left and right of it and if possible are they interested in selling don’t give them a price let them tell you.
rough facing of the land north south east west
sales in the area get a brief run down from the real estate don’t tell him any of the above and don’t tell him your interested in this block ask if he has a exclusive option on the sale.
when you have the above send it to me at [email protected]
without all the above
I can’t tell you what its worth But with the above I can tell you within 1 day.
let see how it goeshere to help
Hi Roy
not sure who us is?
I live in sydney,I invest in sydney,
I develope units in sydney,
I hold in sydney,
The rule I use is invest in what you know.
Real estate is like a sign wave up and down.
If your looking at this as along term investment which it seems you are, look at Sydney it is one of the most expensive cities to live in or buy in the world bar tokyo.
But so is a lambo or rolls but people still want both.
If I have to get a loan organised the easiest currently to get approved is metro sydney.
The question is not should you buy in sydney but do you eventually want to live in sydney and or own property in sydney.
Also their are alot of other better returning areas put you said you want to live in this property,
For better returning I would have alook at commercial.
here to help
hi all
pbt is (profit before tax)
and yes 20% in the norm for some,
macs is about 15% red rooster is 20%.
I can send a list if requested but not sure if you want all that info.
Couple of questions you need to ask not the pbt but your return on investment( when everything is taken out) and your involvement in that return.setup costs and do you have to use there people.
% back to master franchise amd advertising costs.
franchise term and cost of renewal.
safegardes for down turn in profits and cost of out clauses.
One of my businesses is a chicken chain as the email suggests.
For all the budding business people out there franchising is the fastest growth industry currently and more take it up per capitor in australia then in the us.
My other claim to fame is that we will be the first fast food chain to export a food chain to the us.
here to help
The best question is how and were you want this investment to be in 5 years ( cash flow (positve ip), reduce your tax (negative ip)growth (usuanly negative but depending where can be neutral))
(leveraging using it as a spring board to other investments).If you read my post to the guy staying at home and my sugestion to buy four houses and why, thats leveraging.
There are so many different reasons and ways of getting the investment you want, the advice here is general and should be.
Read on the different types and see which suits you and your business model.
I sleep holding alot of debt with a view for growth and leverage, some other probably would be happy with lots of high paying tenents with little growth.
Its your choice
here to help
when doing these tasks time is of the essence.
nip down to the local real estate tell them the questions and your out within 30 mins with all the answers.
They will probably give you a house as a reference and it’ll look better in your task.
hope you go well philip.
you may be the next mr gates
You never know I may look up one day in hospital and see your name looking at me as doctor.here to help
depending where
rural should be in the region of 10 to 12%
city cbd(syd 5% bris 4% mel 5%) commcercial 7% to 12% cbd
your asking how long is a piece of string and it could be elastic
If you are evaluating an investment there are alot more to look at then the post code.
sorry to be hard but probably the reason no real estate has told you is because you are asking the wrong question.
If they were so good then they would be the investor.
I evaluate properties 3 out of 5 days.
The return is only part of the value.
You need to do alot of homework on where your investment is.here to help
Hi Jason
Not sure if this is your first business or not but i’ll take it is.Have you tried the dvd company using there bank.
banks hate franchising and thats the profitable ones.I don’t think you are going to open your mail box and get flooded with people wanting to get in to a dvd business so neither are they.
If your think it’ll work then they are your best avenue if they are reluctant then I would be if I were you.
post me a reply to [email protected]
and evaluate.here to help
hi hippo
not sure about your accountant but I think you should register for gst either the hybrid or the company will get income in will do the maintenance and any thing over $50.00 carry’s gst.They are very different things trusts and companies but not when it comes to gst.
You are moving in a very special area here and it need’s special advice which I wouldn’t give.
This I will give talk to a couple of accountants,
prior to running with it talk to the ato they are reasonable to talk to with this type of structure you will be talking to them at some stage whether you like it or not.Trust also to my knowledge do bas and are set up for a particular reason.
here to help
couple of question.
1.Was this a company, trust or individual person going to purchase.If either company or trust as far as I know can claim as a business expense looking at purchasing a investment similar to expenses to view property for redevelopment.
2.Was any paperwork exchanged prior to this report ie deposit or option if so again this would be seen as above.
If the answer to 1.Is individual then talk to a accountant about this question but also get him to structure your affairs to your requirements
once you start to get to second and third properties its probably good to talk to one (give them the its my first time routeen and they probably won’t charge for the first visit talk to a couple and go with the one you are happy with.)here to help
I wander thru these board for small bits of information but this particular post has been very interesting to say the least.
I see two totally different views.
I must agree with one and that is if you ask for advice which you have.
Its given ( it doesn’t have to be).
You don’t have to accept whats been said put you should accept that persons point of view.
From my point of view for what its worth.
I wouldn’t give a rats either if my advice is accepted or not.
People are giving you advice that in some case not nessarily here can be very valuable.
If somebody gave you 10 euro on the street you wouldn’t punch them in the face and say why didn’t you give me dollars you idiot.
If you would can you send me a good photo.
So I can take a very wide berth if ever we meet.
my suggestion is to take all advice good or bad and evaluate yourself.To win in business you must learn to win at working with different views and types of people.
judgemental or not its still advice and that is exactly what you asked for.
If I ask for advice I don’t what a yes yes yes answer I’m asking for an opinion.
Reading some of the replys that what’s been given.
hope all goes well and I will disagree with dazzling re replys to your posting.
I think you also have your opinion and if I can help I will.here to help
