DWolfe, people will still need money albeit maybe the amounts will change (as in -40%).

I value the thoughts of forum members and am keen to give up my bear and inherit a bull.

I hope it doesn’t crash for the sake of many who will hurt badly.

He has an interactive online book

Conspiracy of the Rich

http://www.conspiracyoftherich.com/

Looks you need to go back to the market.

DWolfe, please tell me your not in the “property doubles every 7 years” camp

or, you can’t ever lose on property.

funding will be hard, secondary market the problem

Mortgage House could possibly help you

133 144

I agree with Otto D

Watch out for pre-approvals with escape clauses.

Can leave you high and dry without the funds to close.

The real danger is with auctions where you commit 10% and could lose some or all of it if can’t close.

I strongly recommend a non-auction transaction with a ‘subject to finance’ clause

I saw this report which you might find useful

http://www.bishopcollins.com.au/ckfinder/userfiles/files/lonsdale_instalment_warrant.pdf

please email me hans@brokersite.com.au

Intrigue, I would like some details of your Whitsundays land

I’m in the – 40% camp!

Then stagnate for 5 to 10 years.

Like Japan, but it is now nearly 20 years stagnation.

Can u settle if you haven’t on sold your option?

These can expire and catch you losing your option fee + your upgrade/value-add costs

I think they will also. I think they all will.

We are seeing great variations on the same property.

Very hard to settle on loans.

Just saw an article in current API, might be useful

http://www.apimagazine.com.au/api-online/web-specials/2010/diy-syndicates

watch out for rate hikes ‘independent’ of the reserve from the majors after the elections

Many commentators agree that a new collapse in RE is imminent (in the US).

With no recourse loans (unlike in Aus), people can just walk away.

Lots of loans repayments start small and automatically increase each year.

2011 will see a large number of properties with huge increases in repayments and people will simply walk away.

It can take 12…[Read more]

Do his strategies work in Australia or is he advocating buying US repossession properties.

sorry thats http://www.brokersite.com.au/webinar_registration.htm

We are recruiting and running a series of webinars to explain our mentoring, coaching and industry induction.

www,brokersite.com.au/webinar_registration.htm