Forum Replies Created
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 good for me or not. I just want this all over with! The suspense is killing me!!
I also agree MC!! Well put!
Taking Action is key!
Thanks Richard!
As of Friday gone, its been 2 weeks since we lodged our application. We did get a response last Wednesday to explain 3 declines on our credit history, which I did. Haven't heard back from them since. Hmmmm….I hope to get put out of my misery come this week…either way!. I need an answer by next Friday.
Hi AD,
Obviously with setting up any business you will need a good property saavy solicitor and accountant. We made sure we got this right before starting anything else. Building a good team of experts and advisors around you is paramount. Adrian and Amber will guide you through all the necessary steps to building your own property development business. They are architect-builder developers themselves. Their studio business is based in Hurstville, NSW.I think you should still hold your business and run property development on the side. At least till you have 2-3 projects underway. If there is one thing I have learnt, its all about leveraging off other peoples time, money, knowledge and skill. Having the right mindset is paramount as well. Good luck with it all.
I forgot to mention that they feature in API magazine on a regular basis!
check out:
http://www.realestatedevelopmentclub.com/
If you are serious about it, these people will guide you to building your own property development business.
They are mentors of ours, and are guiding us to builidng our own. Great people! Genuine!
Hope this helps!
THANKS GUYS!!Thanks Terry and Richard!!
Guarantor Property – $380,000
Applicant Property – $309,000Have I provided the right values?? Do you need other??
Can you give me figures?
oh…….who ultimately funds those type of loans?……..do they fund it themselves?
Hi Richard,
Do you broker these sort of loans?? If so, with who??Can you also tell me. Does every lender require you provide PAYG payment summaries alongside with payslips for proof of income when applying for finance??
Hi Terry,
I meant, if the couple are married, can one apply for the loan??TCLinvestments wrote:OOOOH , Darling, Never been called that before
LOL!!,,,too funny!
Quinn Petrie wrote:Thanks for the reply, I tried to contact Mark but have only been able to speak to his sales team at Massland. I have already requested to speak to any of their students who are using options based in Victoria. Due to privacy reasons they could not give me any details! I have also looked into his “splitter course” which seems like a pretty straight forward concept, but he still uses an option to control the “splitter’. Matt , you have hit the nail on the head, ‘splitters’ or subdivisions are a relatively simple concept and I don’t believe that spending $6k on a course is going to increase my knowledge any more then searching the web and talking to local council. My only drama at this stage is finding a solicitor or lawyer who can prepare option contracts so I can start doing these ‘deals’ ????? Surely there is someone out there who knows something, or who could point me in the direction of a good solicitor, without having to waste 6k on a seminar just to find out where I can get one of these contracts??? If anyone has bought Marks course or has a copy of his Option contract or Zaffar Iqubal Khan’s 1 page call option deed I would love to buy a copy? Any help would be much appreciated! CheersJust find yourself a Property Saavy Solicitor and they can draw up the Options Contracts for you. You would usually have a Heads of Agreement (or the like) signed before the actual Contract during negotiations. Put up new post on forum asking if anyone can recommend a Property Development Saavy Solicitor around your area. Otherwise, I can refer you onto mine who is based in Gold Coast. Get yourself an accountant who is Property Saavy as well. Your legal and financial advisors are important when doing any sort of business. All the best!
Check out http://www.redarmchairentrepreneurs.com.
Get yourself a good property savvy solicitor and accoutant. Then find yourself a Town Planner in the local area.
Cheers.
Can you give me info on both or all scenarios of referral fees
Hi Qlds007,
Thats fine. Can you post up details?
THANKS GUYS!!
