Hello Terry,

Personal money? Probably not. BUT, I don’t have shareholders to appease[]

So, the question to be asked is, why this product at all – is it that the banks HAVE to offer it? No, I would think not – except I would expect it is being supported by the Fed Gov as a way of easing the Social Security burden – and we all know how much Uncle…[Read more]

Hi Dave,

I found D&P Hanna’s full course to be very good. I would recommend at least going to the info evening at the Burswood to get a feel for what they have to say. It’s only $59 ($49 for grps of 3) so it is a relatively small amt for quite a lot of info.

Kindest Regards
Jason S
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Check out my E-Bay…[Read more]

Wow…the banks suck even more than I thought!! 15%-20% LVR!!!

There you go! ;o)

Kindest Regards
Jason S
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Check out my E-Bay Auctions:
http://cgi6.ebay.com/ws/eBayISAPI.dll?ViewSellersOtherItems&userid=jayess70&include=0&since=-1&sort=3&rows=25

Hi Betsy,

RM is a product which I believe has been trialled in Aust before, by the banks, with mixed results.

Basically it is a situation where, should you have significant equity in your home, the bank will *give* you, say, 80% of your equity on the understanding that they will be paid out + interest when the house goes into probate (ie. the…[Read more]

Hi Ireland,

Presumably, if one is interested in getting to the level where one accumulates $1m + properties, one has to start somewhere more…modest?

Are you saying that $30k houses are too modest? If so, where would you recommend one starts?

Kindest Regards
Jason S
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Check out my E-Bay…[Read more]

Hi Learner,

1. Knock on the door, leave a note/card.
2. Ask the neighbours what they know about the property – they may be wanting to get it fixed up as much as you want to buy it if it’s an eyesore.
3. Ask a solicitor to do a title search.
4. Ask your Govt titles office if they supply title holder info for an area.
5. Get chummy with an agent…[Read more]

Leigh,

Thank you for that – it would seem that the fruit of your enquiries is: “Attitude is Everything”! []

Kindest Regards
Jason S
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Check out my E-Bay Auctions:
http://cgi6.ebay.com/ws/eBayISAPI.dll?ViewSellersOtherItems&userid=jayess70&include=0&since=-1&sort=3&rows=25

Hi Oscar,

Any chance you might be able to share how you get 95% LVR for your wraps on a consistent basis – don’t the Mortgage Insurers get ‘antsy’ about it?

If you don’t mind, I’d love to know…

Kindest Regards
Jason S
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Check out my E-Bay…[Read more]

Hi Karen,

The formula is simple…

Take your weekly rental, divide by 2, times 1000

So, for example, if I was looking at a prospective property that rented for $150 per week, and they were asking $90,000 for it, I could quickly check to see if they were in the ballpark of what I needed to buy it for to be +vely geared (cashflow) –

Here the…[Read more]

Hi All,

Birdman mentioned Baliff/Sherriff auctions – one strategy I was toying with was approaching those whose properties are to be sold via these auctions before the due date, finding out how much they owe, and tailoring a solution to their problem…see Steve, I was listening! []

Kindest Regards
Jason S
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Check out my E-Bay…[Read more]

Hey Marcus,

I hope that you didn’t find my posting about Mr Burley offensive…certainly no offence was intended.

I was merely ruminating on an idea – that MANY people who enter investments based on the reputation and/or personality of the teacher/investor/offerer rather than closely examining the real merits and/or downsides of the issue tend…[Read more]

Hi all,

Interestingly enough, I had much the same thoughts as expressed here about the Burley offers. Although he did not seem to actively pursue Australian investors, (because it was on an international forum), london-to-a-brick there were Aussies on the forum who went for it. Good investment?…ah well, there’s the rub!

As we are contantly…[Read more]

WOW! Awesome! This and the 11-Sec solution are great tools…I love this kind of ‘Rule of Thumb’ analysis – saves HOURS! ;o)

Happy New Year!

Jason S

Hi Steve,

Mate, I’m well – I trust your trip away was relaxing and full of bonhomie ;o)

I’m looking forward to moving into L/O’s next year…once you know this stuff, it’s so difficult to mess about with B,H&H (Buy, Hold & Hope), you know! ;o)

Regards
Jason S

Earpeace,

Please do a ‘search’ on the forum for more info…there have been several posts on this subject.

Jason S

Hi Steve,

What about the idea that you become a “conduit” for members of the forum to recieve finance via your source and you get compensated, not unlike a mortgage broker? You could even hire a new person to just do this in your office if the demand is great enough…just a thought.

Happy New Year!

Kindest Regards
Jason S

Hi Dan,

As MI is a closed shop (ie only 3-4 out there) and any 1 bank will only be using 1-2 of them, it look pretty grim for you. The only suggestion I have is GE Financial not only is a lender but one of the few mortgage insurers. You may find that sourcing your loan through them may lead to a better deal on the MI…but no guarantees! Also, it…[Read more]

Hi Persistent,

At the Sydney seminar recently, Steve and David talked about how they handled a ‘similar’ situation with their large Traralgon deal…

Apparently, the place was riddled with squatters who were not paying rent, and they got rid of some of the difficult ones by talking with them one-on-one, finding out what the problem was and then…[Read more]

Hi Michael,

Yes, I have WB’s course on video – very good, but very much a cap growth/reno strategy focussed on getting cashflow +ve results by doing so. I would suggest you may find the choice really between him and what the ‘Reno Kings’ Geoff Doidge and Paul Eslick are doing – similar, but I think the ‘kings’ give better “practical” advice re…[Read more]

Hickster,

Avoid JW/Oneworld! Did the course last year – huge waste of time, money and energy – unworkable strategies and direct (down to the diagrams and sentence structure) rip-offs of popular authors with no acknowledgement whatsoever.

I’m suprised he is still around…

JS