No problem. Thankyou both very much.

Thanks Terryw. When you say 20% mark up on price this is the price you actually buy it for? I have done some sums on this and after purchasing cost you do not make a big amount on capital growth, or even on the 2% spread, but I think that it makes a good win win deal for all involved.

I have found someone for current property now, and seem to…[Read more]

Thankyou for the replies.
Now more questions though.
If I pay full price 135k with 2nd mortgage, I have now bought the property at retail, not wholesale. Correct?
Because of this I can’t add as much on to sell price as I would if I had bought it at wholesale.
I assume that if this deal went ahead like this I would add a slight amount to cover…[Read more]

Howdy Simon
I am interested in doing deals in Adelaide
Thanks
Jeff

Thanks Paul
I like the idea of them taking a second mortgage for the 20%.
Can you tell me on here how I go about this, or where do I get info on how to set it up?
Is it something my solicitor would know?
Thanks
Jeff

Thanks for that.
It seems to me that Ric’s mail is very gimmicky and so on, I am trying to read past the italics and bold print etc to read what is actually in the course.
I have his wrap pack, which is excellent, but probably need a bit more to move things along a bit.
I’ll think on your comments for a while.
Thanks
Jeff