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  • Profile photo of HAV11CHAV11C
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    @hav11c
    Join Date: 2005
    Post Count: 12
    April 20, 2009 - 2:51 am

    Thanks for the replies, Unfortunately the broker doesn't have access to private funds.

    I've spoken to some solicitors and accountants in my circle, they don't move in the investment circle and couldn't offer any suggestions.

    Being apart of RESULTS has many benefits, at this stage though people are either committed in there own deals or still not comfortable doing a deal.

    With the 2nd mortgage option how does that work ? Will they lend a higher % of LVR than the bank. At the moment the house is 79% lend and with the DA now approved a new valuation should offer some more equity aswell.

    Is there any good 2nd mortgage products you guys are aware of?

    As at this stage I'm just not meeting people with the ability to help fund this or possible I'm just not asking the right questions.

    As a possible investor where would you look to find an opportunity? I've considered the saturday SMH as there seems to be quite the communal investor section.

    Thanks again for there

    Best Regards
    Andrew

    Profile photo of HAV11CHAV11C
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    @hav11c
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    April 20, 2009 - 12:22 am

    Hi everyone,

    Quite a few people have read this first post with no comments?

    I appologise if this comment comes out the wrong way, But I really just want some genuine feedback from others who have possibly been in this type of situation and some avenues i may look at to solve my problem.

    At the moment I have spoken to my broker and the construction loan etc is a great result but as I mentioned above it has left me a shortfall that a money partner had agreed to fill. Due to some unforceen events he has had to pull out at last minute and left me chasing to fill the gap.

    After reading this forum for many years, I aware of some very experienced and skilled investors I would love to hear some stories from you that may help.

    I'm apart of the RESULTS grad program and as such have been picking the brains of the mentors etc but still looking for that one win/win result to build this property.

    I thank you inadvance for your input no matter how big ir small.

    Cheers,
    Andrew

    Profile photo of HAV11CHAV11C
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    @hav11c
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    March 17, 2009 - 10:23 pm

    I have done no research other than to read the article linked… I'm sure there are more than one person with his name.

    Your post without further proof off it being one and the same Michael is a very dangerous post.

    Profile photo of HAV11CHAV11C
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    @hav11c
    Join Date: 2005
    Post Count: 12
    November 23, 2008 - 9:32 am

    Hey guys,

    I'm a current Graduate Member, I continued on from being an RP3 member last year. The main question I've read so far seems to be I want my cake and eat it too? Is that right?

    You have to do your research and act on your own instincts, How can you expect Steve to refund your full year membership if its you that has done nothing to grow yourself and prosper?

    RESULTS is not just about making money NOW……. its about instilling skills and life changing thought processes that enable us to move towards goals most of us would never reach. One of the greatest leasons I received in RP3 was reviewing the goals I set in the first week after 6 months of the course. I had all sorts of wild things written down :) stuff like have first site in council and finance sorted ????? the reality was it took me 9 months to get my shit sorted with the course, I never followed through with my end of the bargain. Simon received my goals no more than 5 times in the 52 weeks, Yet I agreed to send them every monday? The moral to my story here is that I didn't finish the year a millionaire nor did I go broke. But I came away far wiser and with a very large toolbox of tricks to help me move forward. The grad program is very similar and the value from that has most likely been less and I can't do alot while the 2nd project is in council. Bottom line is you will learn numerous things in the RESULTS program some will be water of a ducks back as it won't apply to your ideas, but then the golden nugget gets dropped on you that makes the course more than pay for itself!!!!! it may not be cash either :)

    I've invested alot in myself  with Steve's program I've also invested in Marty Ayles course too. Both of which have enabled me to manouvere around some very tricky situations with my latest duplex development in Sydney.

    I guess the key is you get out what you put in!! I personnally found the greatest asset of the RESULTS program and the Graduate program has been the like minded people you meet and mingle with, But most importantly the coaches who all have different specialities. Without guidence from Norm and Simon I'd still be dreaming of becoming a property developer not actually being one.

    Cheers
    Andrew

    Profile photo of HAV11CHAV11C
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    @hav11c
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    June 4, 2008 - 9:31 pm

    Thanks for the info.

    Its not a scam he has repaid over 200k, If he was trying to rip me off I'd be chasing him for 250k not 45k

    I'll do the search on veda.

    Cheers
    Andrew

    Profile photo of HAV11CHAV11C
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    April 9, 2006 - 11:44 am

    is this every month. I would love to attend the next meeting.

    Profile photo of HAV11CHAV11C
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    @hav11c
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    October 3, 2005 - 1:42 am

    First I’d like to thank you all for your comments its been a huge help.

    I have already beeen rehired with my old company so the money is flowing into the bank.[biggrin]

    Dazzling your idea of buying a new PPoR outright sounds fantastic. I’m already on the hunt for property on the outskirts of sydney in the 100 to 180 price range.

    If I can just ask what you thought of my inital idea of selling our PPoR to rent near by. Renting the same apartment would save us 200pw. I would then purchase 2-3 apartments close to the beach. Roughly 280k to 320k each. The rent on the units would be around 230pw each

    I was thinking this way due the future value of these units and also the current ease of them to rent.

    GS on your idea of keeping the current unit and changing to I.O and renting out my only concern is the unit is best unit worst street. Due to this factor I want to offload it now when its not a critical move for us. It will only be a first home buyer interested in it and as the grant is still around i’d like to get the cash we have in it and place in properties i feel have better future propects.

    GS if the unit was in a better postion I’d be following the idea you put forward as I think its very cost effective as we have already paid stamp duty and so forth on this property. But alas its in a very underperforming street compared to the rest of the suburb.

    Cheers

    Andrew

    Profile photo of HAV11CHAV11C
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    @hav11c
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    July 30, 2005 - 12:26 am

    I’m in the same boat trying to work out different ways to add properties.

    I guess its the old story you need the money to make the money :)

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