Also there’s a spreadsheet in this site somewhere!

Just did a search for ‘spreedsheet’. And found them at this location.

Click here too download the exl spreadsheet:

I would like to enter into the conversation and present a scenario I am currently doing thorough due diligence on, if you don’t mind? And would appreciate any comments and suggestions on what I could do! I’m not sure how to go about the finance?! And would really appreciate how I or someone else could negotiate a low or no money down deal, because the info may help someone else as well, for the discussion. particularly with a FHOG that could be thrown into the scenario as well , to cover the deposits cost or something? I would really like to secure this property in my own name on the title. It is a debacle going on with the selling of the property and it is the reason it is going so cheap! The following explains more and the financial details of the property itself.

About the Situation of the Property!
The owner of the property (an investor with already 10 properties and been in the game a long time) done a private sale X? amount of years ago (a wrap transition), and also X amount of dollars (I haven’t been able to find out how much!).
The person currently living in the property and renting it, up until a few days ago, a wrappee from hell (and a neighbor from hell reports the next door neighbor).
The wrappee has declared bankrupt and tried to sell the property by putting up a ‘private sale’ sign up, out the front! This private sale has been unsuccessful for her and recently listed with LJHooker.
Here’s where it gets interesting, the original owner or the “wrapper” apparently has had a fallout with LJHooker before and has an ‘personal conflict’ with someone in local office. Because of a some money transaction some time or years ago. And at sometime in the last few weeks the wrapper has contacted his good mate in the RE industry, who owns an office and they have agreed to sell the property, “as well”.
I came about finding the property by approaching the mate of the wrapper in the agency when i originally sort the property and it was explained to me that they had the prop on the market. Once I had inspected the property they were shocked that LJHocker had listed the property.
The original owner the wrapper in just sick and tried of the whole ordeal and things going with the property that he is just throwing his hands up i the air and apparently is just saying ” all I want is my money” owned from the wrappee, who is supposed to be finishing off paying for the property.
So we asked LJHocker and they have said they have a a third contract on the property for 70. And that two others have fallen thru. Yet I am able to put a contract on the property for $45,000 if LJHocker didn’t have it listed. This is where I’m uncertain what to do. The agent is saying he will go around and try to talk to her about listing it with him and selling it to me for $45,000.
In the meantime I’m doing this due diligence on how I could secure the property using a low or no money down deal! I know that the numbers stack up and that I can easily rent this house for 130 a wk and do my own maintenance etc.

A few of the actual problems with the property.
Property is in a flood zone. But no floods since 1940 and also lots of council drains and things etc put all around the area, since 1940.
Some council work has not been approved, such as a shed, bathroom.
House needs probably $2000 paint job and some small repairs.
1/2 acre flat nicely grassed area, with one or two trees but otherwise all clear on two deeds!
Fences probably good enough for the next ten years.

The Actual Figures If Bought and Rented

11 Second Solution:
Rent = 130
Occupancy rate ‘4 Weeks’ = 92.31 Percent
Solution = $60000.00
Asking price = $45000

Closing costs:
Deposit 20% = $9000.00 (-$7000.00 FHOG) = $2000.00
Legal fees = $700
Stamp duty = $862.50
Mortgage app fees = $475
Mortgage insurance = $0
Valuation fees = $0
Other borrowing costs = $400
Clean up costs = $2000
Inspection costs = $120
Other costs = $0
Total closing costs = $6557.50

Mortgage details:
Loan Principle and Interest = $36000.00
Interest rate = 7.5 Percent
Term = 25 Years
Weekly mortgage repayments = $61.39
Total repayments for life of loan = $79812.00

Annual costs:
Management fees 0 Percent = $0.00
Letting and advertising = $0
Body corp fees = $0
Rates = $400
Utility rates and fees = $0
Insurance = $350
Miscellaneous costs = $0
Land tax = $0
Maintenance 10 Percent = $624.00
Other ownership costs = $0
Total annual costs = $1374.00

Summary:
Total annual rent = $6240.00
Total annual mortgage = $3192.48
Total annual costs = $1374.00
Total annual cash flow = $1673.52
Total funded costs = $6557.50
Risk free return = $262.30 Bank interest rate of 4 Percent.
Annual Cash On Cash Return = 25.52%
Cash flow Positive Weekly = $32.18

There the figures if someone was normally purchasing the property. However I would be interested if I could ask the original owner if he would carry some money back and then take on paying off the “Now bankrupt wrappee”. Help Me Can anyone help me with some answers and some possible solutions to this strange mixed up problem but good opportunity!

How We Want To Solve The Problems
Because it’s such a nice big block and the house is on a side of the block there is a few possible things that could go on with it.
1). Is to subdivide.
2). There is a further 1/4 acre right next door that might become available soon, to make the existing 1/2 acre 3/4 acres.
3). To put a retaining wall on the block which we have figured out a way to do this with recourses locally for very cheap, indeed.
4). Then once it’s officially not a flood zone, instantly increases the value of the property, makes it look slightly better, because previously was on a slight two foot hill slop (this is where is went down to ‘flood zone’ area!).
5). Then the possibility of relocating a second home once subdivide for approx $30 grand (ruffly) but this would come later or with a money partner?
6). And or put one big Queenslander on the 1/2 acre block and sell the little existing house for maybe ($6.000), landscaping the garden over a 12 month period? (this would be the best way to make the most money). I estimate a neat Queenslander on a ‘Not flood zone’ with it garden landscaped (by ourselves really cheaply !) would fetch anything easily from $200,000 to $300,000.
A little bit to do and a few steps involved, but all manageable!

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Footsteps in the sands of time weren’t made sitting down.
Positive Cashflow Financial Analysis Calculator Online

It’s interesting.

Can anyone define and elaberate on what “highly-leveraged” is and what type of situations this is, and what type of properties they are?

“his or her (mini cough, splutter, wink) database for a cut of the profit.” Curtainly. I have a Database of 100 + clients , that i am open to share and negotiate with, to find a deal/to share deals, in a resourceful invironment,.. for a Win-Win deal.

It’s Simple. 50/50 I just go halfves with the deal!

As you can imagine there is no way I can satisfy 100 clients and I’m getting 2 – three up to five every week. I have a legal way to do it in Queesnland that we can discuss over the table for more information. Also remember, and when you think about this, these people are not wanting just one property in some or a lot of places, some want one, two three or you know , it would not be unusual to go up to ten properties. Expance you mind there is the possibility of hundreds of houses when you try to satify 100 clients who want 10 houses each.

I’m really surprized, that no-one has ever really asked me, but there is a resource and market and a database at http://www.Jaffasoft.com that anyone can tap into.

I’m happy to take on some young Grasshopper. Buy Steve Mcknights “Buyer Beware” product from of this web site, property investing.com, learn that as much as you can.

Then come and see me or ring me up when you get a lead or something happens 0429232237.