Hi guys,

I failed to see the advantage of this process.

It would appear that under normal circumstances (eg. not using loopholes) stamp duty has to be paid. So that’s no advantage

It would also appear that you have to find a deal in the fuirst place that gives you extended settlement periods 60+ day to give you time for stritching up your…[Read more]

Hi Steve,

I have just terminated a contract and I know from the bank that i cabn only borrow sround $220 000.
I live in Brisbane and these days I can’t even get one project for this price that would come with many problems, more then its worth let alone do what you suggest and do many reno project simul.
I wonder how people like myself could get…[Read more]

Chefpop,

just to make you feel better i tell you my story with RE.

I bought my first prop as a Devine package in 94 in Logan (sounth of Brisbane) because they were the only guys who did an LVR of 95% and since I didn’t have much deposit and wanted a place I signed up.
I bought it for $115k then and probably paid a good $10 more then if I had…[Read more]

Thanks for the feedback.

I too have my doubts about the prices and in particular the fact that they are fixed. Quality is usually not an issue because most of the stuff they are flogging is new developments etc, but I thing they are more then fully priced and definetly not cash flow positive at least not the once I have seen on there stock…[Read more]

Reading all this raises an interseting question ?

Is it sufficent to rely on the Bank Valuation alone ?

In many cases this is done free of charge to the buyer as part of the bank covering themself and therfore can save you the hassle and cost of getting an valuer.
However, I have heard that the bank valuation are lower then market value

Any…[Read more]

Hi Steve,

just joined yesterday this geat site and got your newletter.

I read about your multiplication by division strategy and thefirst thing that came to my mind is the same question a few other since then have posted and that is How can you expect to find $40k prop that has gone upi to $80 for $40 again !!

I would be very interested to get…[Read more]