HI Terry and Richard,
A debt agreement administrator is someone who administers part IX debt agreements on your behalf to creditors and is one step away from bankruptcy.  Due to unemployment and chronic ill health it seems this maybe our only option.  We thought about debt consolidation but not sure.  I just need some sound financial advice with…[Read more]

Matt007 wrote:
yeah I don't know that I'd be giving away considerable splits of the profits if I'm taking on all the risk of the DA/legals/marketing etc. I'd pay the finders fee and a success fee if the option was negotiated for the terms I set out, on settlement or onsale of the option, but I don't know if I or anyone I deal with would enter…[Read more]

Terryw wrote:
Who is he and what is the focus of the seminar?

I beg to differ…however, even if it is the hardest part of the development process…its not deserving of a jv or 50/50 split especially when there is no equal share in option fee and ongoing costs in the deal!!

freerenterprise wrote:
Correct Matt007. Engaging me as your Buyers Agent would involve a JV or 50/50 profit share agreement on successful 'acquisition' or signing of an option or on settlement/onsale of the option. I worked exclusively for vendors for over 10 years, now working for buyers most of my time and creating WIN/WIN/WIN scenarios is…[Read more]

Massland have gone down that path of acting as Buyers Agents as well…like most Project Marketers!…but this is the thing…they send a beacon out to their students to look for suitable sites for development on their behalf!…referral fee??..not sure!.

Terryw wrote:
Why type in capital letters?

Hi Terry,Yeh, I know…sorry.  It must annoying to read!I hope people don't think I'm making bold statements either with the caps..its just lazy typing..in avoiding the shift key with the pinky finger.  In the middle of publication writing with other commitments..and so writing in caps on here is a n…[Read more]

APOLOGIES TO ANYONE I MAY HAVE OFFENDED!!…AS PER MODERATOR COMMENT!!PEOPLE NEED TO BE AWARE THAT MASSLAND MAKE ALOT THROUGH SHORT OPTION DEALS OF POSITIONING THEMSELVES IN THE MARKET!…AND ONSELLING THE OPTION (WITH NO DA) TO THE BUILDER-DEVELOPER, WHO WOULD THEN OBTAIN THE DA OUT OF THEIR OWN POCKETS…SO THE FIGURES YOU SEE IN THE ABOVE…[Read more]

DWolfe wrote:
Thanks Phatcat!I am a bit too tall to be a jockey. 25% is a minimum. If there is more in the deal and YOU are an equal partner in work, time commitment etc then YOU should be looking for 50% of the profit as you are doing equal work. If you are doing no work then 23% is a great return. I honestly couldn't care less about Massland…[Read more]

Matt007 wrote:
IWhat I know, is how many people have contacted me offline from here and somehow directly from their courses, with experiences about Conclave, the seminars etc and could I help them get their money back.. I've declined each time for the record. What I know is the responses I got when I went and spoke to the people who were &…[Read more]

Sash wrote:
Also the RP Data monthly access to their multi-license used to be $60 p/m and now is $179. This seems absolutely ridiculous. How can the price triple? I emailed them and they said that RP data increased their prices. Jumping from $15 p.w to $45.Does anybody know how much RP data additional licenses like this cost? How much would…[Read more]

maybe you could offer them vendor finance.  There are some people on this forum that can help you do that.

you need to check council codes for minimum size lots for a subdiv.  Most differ..  Don't get caught out like most.My advise, would be to to talk directly with the council town planner on duty. Most are helpful.

who said it took 2.5months or even 3??  …as I said….you don't know the situation!…..so just stop assuming!my broker…did the best she could in whatever time we had available to seal the deal!thanks for your interest in my situation in anycase!…..much appreciated! have a good one!

blah blah blah!!  As I said….you are full of assumptions!   now what makes you think we didn't do what you mentioned!!…pfftttt!.If my broker didn't think the deal was gonna come through…then she wouldn't of bothered lodging it.  Unfortunate for me….CBA had ramped up their credit criteria!…and despite my explanations on credit histo…[Read more]

Banker!…hahahaha…48hrs….yeh…for someone with a clean credit history and who has good income!I just think thats a big assumption to make!  I've been told by others that CBA can take upto 2weeks or so as well!  I think its more the position you probably have with CBA, and the type of clients you lodge applications for…maybe you go for the…[Read more]

Okay!……….so CBA turned us down….due to credit enquiries….even after my broker argued our case with 5 reviews!!..with the State and National Credit Manager!…but no luck!  It took them 3 weeks to come up with that decision!…grhhh!Our broker then lodged our app with Bankwest!….they got back to us in 14days with GOOD NEWS as of…[Read more]

ok.  I understand how it works.  Maybe not worth pursuing!

He is owing $255K  on the property.He has tried approaching conventional lenders, but he has a default on credit history from 2006 (under $300) and he needs funds immediately.  It is for investment purposes.

Hi Richard,An agent appraisal valued his home for $320K.  I'm not sure how these things go….I'm just guessing…..would LVR be 90% for $32K caveat?Yes….the security is residential in NSW.

My broker was saying it had been nearly 7 years since she had CBA come back and ask for explanation of 3 declines on someones credit history.  She was saying that lately banks are becoming testing and more difficult to work with.  Is this happening with yourselves???..Richard, TerryW??..or any other brokers out there.  Hmmm…not sure if thats…[Read more]