Forum Replies Created
hi all
what happens if you take an option in sa and then sell the house with the option on it.
you have flipped it and you haven’t changed names on the title until the new owner buys it.
and option is legal as far as I know in each state and you sell the property with your work as the option part.
also I do agree with jarrah the main point is running a business you need to be registered
doing one on one dealing negates alot of these little rules as you are not running a business on selling real estate.
if this is not the case then most developers would be out of business as they neg a deal on the land, develop and then sell them off the plan without any real estate involved at all.
( I know a bit about this as some are sold before the purchase of the land internally)
bird dogging is a interesting market as I don’t see much difference to say
a broker chasing the best loan.
a commercial banker chasing investors to invest in a unlisted property trust. a seed capitlaist chasing money to put in a deal.
they are all one on one dealings so they take you into that merky world of business that is not regulated at the moment and as long as there are people that are willing to give it a try it is relatively difficult to regulate.
for wealthangel the answer is relatively easy find out the rules and either work with them or work around them just don’t work opposite to them.
and hope it goes well we need people that will have a go.
I had a very wise business man who told me once when I asked was this legal and he said its legal until a guy in a wig has knocked down that its not legal.
I must admit I like the merky area of business as there are few people that dabble in that area and can be very profitable.I am not recommending any one to get into this area of investing nor am I recommending anyone to becomming a bird dog each to their own all I would say is good luck.
here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi jaffasoft
will have a look and give you feed back on it
will have to wait until the end of next week.
as I got a bit on as you know.
I have save to desk tophere to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi itchyfeet
I will give this view but it not as a main steam type of lending as yours is relatively specific and you need to check it out.
you need to talk to a international bank like hsbc, deuch, bank of china head office, and get to talk to a commercial banker.
as long as they deal in that market they will setup a commercial lending account and will then link the properties and the loans to that commercial account.
this is not cheap to do.
the other is to do the same as above but you take the loan out in each country and get each country to link the account that have money in them.
this is easier but you will only be able to lend on the credit in the account not equity.
commercial banking is alot different the normal banking and the rules are very different.
the last and the cheapest (but the properties must be worth it) is to get a commercial lend for a value that takes in all the properies there are commercial banks that will do this and do it in batches or chunks usually 10mil, 50mil 100 mil
if you are not talking these values then forget it and the above is of no use to you and no you can’t us external equity to purchase.
if they are with in those values then any of the asia main lenders will talk to you.
my .002here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi kate88
what interest rate are you on up there now for investment properties and what are the requirements for getting a loan.
what is there lvr’s and what growth main land is growing at a very high rate and yes you are still on english law but I was of the understanding it was difficult to lend from hong kong banks and the rates were different for overseas investors.
interested in the cost structure of your market.
I think is still needs to correct a far bit to be inline with main land as main land is soon to be a wash with new property and yours is still higher cost base.
my .002here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi andymitchell
sorry to say this but wits end is a good place to start because the only way is up.
so yes get the advice that derek gives you and anyone else that can help just remember it is only money and yes we do strive to gain it but not at all costs.
at the end of the day it is a tool and should be look at in that fashion I would look at keeping the property in this market and would have a chat about capitalising the interest with the lender.
we may seem like a few of us look down from our lofty heights and have made a bit of money out of this market but I for one have been exactly were you are know and have made it ok.
4 kids, happy home and networth of “”””””” so it is not the end of the world its just a ( as they say in this market) correction.
One thing to remember always look on it as a positive,
if it looks negative,
look at it again and try to make it a positive and sure enough you will find the away,
thats not just this correction its the same with any deal if you think its a good deal but its got problems find the positives and you will find either you do the deal or you drop it.
I can’t nor would I give advice on a board without seeing all the information but I will give you this advice money is only money but family and friends can’t be bought nor can money make you happy.
I’m happy because I have a happy family not a happy bank account.
as for some one to tell you what to do
first sit down and work out your budget that all expenditure.
next get someone to work out all your cost on the property(if your working the company they will have an accountant and won’t charge you anything)
next get tax relief if a negative position
then work out a plan and derek will give you guidence.
this is not dia-straights from where I’m looking you just need a little assistance and thats what these boards are for.
hope all goes well and look forward to the post that says I achieved it.here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi BeauMonde
yes it does seem excessive for a question and its easy to say bye.
and no got a couple of excavating companies and yes I do check pricing on each and every job.
coastymike was doing so well until he mentioned Cayman Islands on a yacht.
whats wrong with vanuatu ??? closer and cheaper
but I digress I hope you find the company to setup your structure and ask as many questions as you like because you need to.
the yacht is a very good thing to aim for.here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]he won’t have landed yet.
so I can blame him
rule is blame the person who’s not in the room and move on always works for mehere to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi all
couple of things I hope all this structure building is helping you to understand what you want to do with the structure and how it is able to change, to market change.
and I’m glad that a moderator didn’t lock this thread at that blatant advert for coasty mike with his cheap rates and trying to bump up to $550 an hour but I do think both mike and cata would be worth that type of money as mine (robert)charges in that mark anyway.
in asnwer to your question it is relatively easy.
first you must be confident that the person you are dealing with understands what they are doing, if in this case structures ask them as many question as possible, if I bought this, I built that, I married this, I got divorced, a guy falls off the roof on my ip etc.second cost
yes 300 is alot of money but if you spend 5 times that to get the advice
one 500k property if you had because of wrong structure to pay 50% cgt or just stamp duty because you have to sell internally to another structure sduty alone is 27k a saving of 25.5k and forget cgt as I cann’t work that out unless I know the growth in the areayou bought.
so yes it is expensive but for all those would be developers out there the most expensive part of a development site is the foundation,
and you are looking at a foundation here and no I don’t walk up to some one on the street give them a shoval and say start digging to do the foundations I get a professional excavation team in and professional concretors in and do it right.
that is what you need for you structures foundation and my concrete or excavation guys charge alot more then 300.
these boards are very good for opinions but some times just like everything even in china you must pay
rates are only part of it .
make sure you still do rule 1
and I no guru this is.
my.002here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]ou thats another slap across the wrists gee not a good month for me.
its was dazzling that led me astrayhere to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi andyperry16
I think there will be a double tax credit with britain but the cheapest way is to ask the ato go in and see them I give opinions not advice as I find that you should pay for advice.
as for structure advice I would not give it and if I was you I would not accept it from a bulliten board.
it need to be setup by a structure professional and maybe cata can steer you in the right direction or coasty mike.here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi Just Learning
no problem with spats and not sure about the 100 years as I have got there yet.
If you think your right then a spats ok for me and haven’t seen one banned yet.
if they get personal then it the moderators call.
as your name says just learning means to learn and one of the things to learn is there is no such thing as freedom of speech
its controlled freedom of speech and as long as its not racist,deflamatory, vulgar, straight insulting you will have no problem.
the only other type of thread that is locked is if its spam which again I don’t have a problem with.
new bees from what I can see do get treated a little different and I try to be as nice as I can put if the person has been around the boards and comes out with a silly post then I tell them.
we are all here to learn and there is no oricle or fountain of knowledge some need to learn more then others.
as for
Sometimes I just dash stuff of the top of my head because there is nothing worse
thank your lucky stars that you have something to splash it on as my hair is going faster then a greyhound at star city.
my .002here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi camder
whats wrong with a little mutual admiration anyway.
as for tamtam.
some advice
1 find an area you like and is within your budjet.
2 find out its historic growth
3.talk to lots of re in that area
4. don’t just go for houses look at duplex site as well and unit sites (if there ok and you don’t want to do them you can send them to me)
5. if your time poor but cash rich talk to a bird dogger or buyers agent( apart from a piece of paper I am yet to see the difference)
and then invest.
maybe you may find my views harsh but sorry thats business and I do play hard.
there are +posi out there but you wont find them.
you must make them.here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi DLPP
depends the tax
vat yes
capital gains no if you make a loss.
rental no again if you make a loss.
land tax yes if applicable.
and exit tax no again if you make a loss.
depending on the country depends on the taxes local tax can be a state,county or municipality tax and depend what those tax rules are depend weather you pay then.
you set up your local structure to be run by your master structure and local taxes may not be required to be paid but it depends what country you are talking about.
the main stream Aust,NZ yes local taxes are paid and I would keep two structures owned by an external structure but this is very complex and would require expert assistance that a bulliten board is not the place to explain as far as to say normally the blue is correct but can and does changehere to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi andyperry16
sorry to say this but the post is to vague.
what country are you looking at investing in yes cata is right if it is in a country that has tax agreements with Australia.
depending on what you want to achieve you need to talk to an acount that works in international accounting and they are not cheap.
and
True they are not interested what you do anywhere in the world or how much money you make and you will not need to even relocate to the tax haven – but you will still have to pay the local taxes where the income is earned or not? what do you reckon? eg I just can’t register and vanuatu IC with blind trust and bearer shares and buy property all around the world an pay no tax in the host country. or can i?
depending on the structure and the way that has been set up yes you can and local taxes are structured locally depending on the country.
and winwinbusinessdeals may look at your 1-2% rates and either you email me or i’ll pm you and have a chathere to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi dazzling
two things number one get a web cam and I’ll post a mini scotch and we can web drink.
two ask the pilot if he can give you cordinates and with the new internet access on international business class( and you will be coming business class) log into to google earth a put a pin for each deal and then upload it at somersoft caveat empire that way it easier for people to find without all this pesky searching for these deals.
maybe ask the domain to also use google earth to pin point deals must be posi + and an extra7% just incase rates move up.can you charge bird dogging rates per hr while surfing the net looking for deals and which do you think I will make more money at I’m here to learn.
oh and may soon need to learn to fly.here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi all
couple of things
Lets keep it friendly or the thread gets locked.
I agree we must keep it friendly but I do like a spat and nat r not sure about this one” we really don’t care what the unwashed masses think”.
alot of those are investors and investment banker need investors.
I know a few and they don’t share your views but we all have our own views and everyone should be able to air them.
we are a open board here and we have people at different levels of knowledge in finance but I think that taking knowledge aside respect for there views is very important.
and as for typos not sure as I don’t make mistakes in my posts( well as far as I think anyway)I am a little informed with regard to asic and to take it back on track.
The trouble for asic is they are trying to fight to many fronts and are slowly losing the fight some areas are not a sive they are a net stocking.
the 2/20 rule is so out dated that very few listed funds that started as unlisted even put a prospectus together.
or its setup outside Aust and so isn’t covered.
westpoint and others, we will find out was designed to avoid all asic rules and they can’t touch them.the advicers they can catch.
as I posted I haven’t seen the banguru of this market that was behind this and just like banguru they will have a very hard to catch him if it is a him and not a pty ltd with bear trust directors from outside Australia.
and nat r if you are
“As for insulting bankers….I’m an Investment Banker with 18 years of insults thrown at me ….how do I fell about that???…when you earn as much as we do and live the life we do, we really don’t care what the unwashed masses think.When I’m flying first class to europe and staying in 6 star hotels, I don’t really put too much time into how other percieve me or what I do, nor do I feel that I have been touched by a lucky angel. I have worked hard and put up with a tonne of crap to get to where I am“
then you would know these types of groups and these types of structures and may even know different people involved.
the big end of town is a very small place as you climb that ladder chasing finance and westpoint wasn’t built from a coffee shop in marrickville.
lets not kid ourselves this was a structure built by finance with rarther large pockets to extract finance from the masses to fuel developments.
but maybe I’m in the
“What I do find amazing is that people who don’t know what they are talking about won’t take advice of somebody who has a better than decent knowledge on how some of these “behind the scenes
box.
my .002here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi bkawz
this is not advice on property but is advice all th same two things number one this is a very open free to air bulliten board and little control who swims thru here if in fact this money was gained from a source other then business then be very carefull with who and what you invest in as I would class you as a non sophisticated investor and they are in the top bracket that lose their money on your mezzanine funded,banguru, kaye, and a lot of other groups.I go to the casino but unlike most people don’t bet.
just like you wouldn’t walk in with750k sit down and ask the guy next to you what you should do with your hand as you have a pair of two and he’s got 34567 and tells you to go for as his highest is 7 its the same know your market.
I understand you wish to learn so rule number 1 and neil jenman like this 1 don’t sign anything until you get someone else to check what your getting involved in.
and rule 2 play your cards close to your chest when tell people you have 750k lying around under the bed from gambling.
My .002here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]dazzling
you flyer you
you missed the 7 townhouse site with da that is positive when complete and is a 29% return with full lend.
and the 23 unit site in the middle of sydney thats a 29% return with a full lend and the owners will buy back at market value end product
oh and while tamtam was up that high and was flying that leajet you could see vanuatu from there and you can’t miss the grand hotel vanuatu with a whopping 65% return full lend and all per sold if need be.
and that one you could have found on the net you,
just have to now what your looking for.
there are a couple of others that tamtam’s flyby missed but don’t want to boar.
6 months investigation won’t cover inner syndey covering 5 suburbs. and thats walking the streets.
sorry tamtam I’m not for generalitises it would take 3 years just to see this big land of ours and I think i would have seen more then most and I wouldn’t have seen 0.5%.
the net is good to research an area not to find a deal.
oh and for those who think lets get on the net and find these deals there gone and bar vanuatu which haven’t got an answer on.
they are all mine.here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi all
hope its going great
month three and the engines still going very well
two green lights currently on two projects 30 units in all closed sealed and dusted just waiting for the signitures, offer in on a biggy and will know before the end of the month close to the biggest for me and offer on a comm which is in the air not bad for the start of this year.
my aim is to total complete 50 units by the end of the year that was my personal budjet.
still very possible.
hope this month sees shaunwalker in a good mind and moving forward.
this post is to let people know from the investors out there that are not looking for posi or neg properties but are making steps in their moves forward and for shaunwalker I think its the japanese that say you can fall down 7 times just make sure you get up 8 times and you will win.
lots changes in a month.
deals come and deals go
lets hear from a couple that have got over the line or you have had a success .here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]hi bkawz
yes your question is very vague and it depends on resale values,construction costs and the cost of money in that country yes it is relatively easy to work out once you have the figures and a development broker can tell you but having 750k is not that much good if you don’t know what your doing for a 30 unit development here in sydney you would be throwing in around 1mil.
anyway so the amount is possible.
my advice is to post your questions and get a few answers but not so vague as it become difficult to give informed view if your not informed.
my .002here to help
If you want to get involved in some of the projects I’m involved in email to [email protected]
