you may save money if your smart about it and do a lot of the work you mentioned in your post, I would do alot of the things you mentioned above if you know how to source these people and also good deals then get the builder to do his part and as for the rest get your own contractors in, but you do have to get the correct people so there not…[Read more]

I think its only 12 months

Hopeless, the same thing happens when trying to buy a property.Ive also had people call me direct and they have said the agent has fobbed them off, and they would like to look at the property I have for lease and sometimes I understand why the agents fobbed them off but there has been other times when there has been nothing wrong with the people…[Read more]

jhk, how much is owing on the property? then richard can answer your question

Jay don't listen to what other people are saying, do what you think is right, freinds and family always say its a bad idea unless they have done it them selfs and still sometimes they can be negative.How about you approach the vendor or agent and sign up a deal subject to finance on a longer settlement,Now if there all on seperate titles and you…[Read more]

Just curios you say you have no other debt and you have no savings and you are going to save $30k within a year and your combined income is $140kWhat do you do with $140k each year? thats $2,700 a week why don't you try save triple what you had in mind. you will be suprised on how little you can live on

Hi YoungInvesterI can do it securedThe $1.8 will be buying $2.5 so there is $700 there if something went wrong but nothing will go wrongI would get approved from a bank but this deal came up at short notice and there is no time for a bank to do everything they need to do, well there probably is but you no how slow they are, so a private investor…[Read more]

Thanks Richard, Do you know any one with that kind of money sitting around? I may be able to cut them a good deal

I guess not, silly move if they are not getting much business from what they did last time, If they stayed below everyone else and did not get greedy again then they may have got some extra business this time around.Richard my last post disapeared, But was wondering is there any way to get my hands on $1.8m asap without having to go threw the…[Read more]

westpac will sit tight after last time.How hard would it be to source cash from say the states or japan etc where there interest rates are next to nothing and you can lock a rate in for 30 years at only a few %

Hi thanks for all the infomation, What is the interest rate for a low doc loan at the moment in my personal nameOr if I put it in a company instead with full doc and i personaly gaurantee the loan will the interest rate be the same or will it be higher because its a company.thanks

Thanks Banker Richard option 1, 80% standalone,option 2, put a 2nd mortgage over another property to cover the deposit on the new property, I think This would be my quickist option as I am running out of time? option 1 will require revaluing and then taking the cash out as the deposit on new propertyWhat do you think will be a fast option

Unconditional loan as fast as possible, I know the norm is 14-21 days but is there anyone that can nail it in 7 days or less?Preferably a couple of days

give a private town planner a $100 to answer a couple of questions or pay him for an hour and pick his brain and then go away for a couple of days and think what he said and then go to another town planner and do the same thing, if you go to 3 or 4 town planners you will find 1 that will give you the best advice and that will be worth every penny,…[Read more]

sorry Richard, I kindof ment how do you get the valuation for free. thanks

Its quite funny if you put your hand up there quite quick to say yes, then you start asking questions and keep asking questions and get them in a corner and they start stumbling and they try to move on but keep poking at them, then it shows every one in the room it is a scam

Qlds007 wrote:
Peter get your mortgage broker to order it for you and it will cost you nothing.

Hi Richard, how does this workwill someone come out and value it?or will he just pull it off the net

I would need to read the conditions on how and when you payBut lets say I have a bunch of 5 properties on the same block and the tenants destoy the houses for some reason and they do major damage and it needs to be repaired but they will be vacant for a long time

Ok,How would you structure this from day one, you start with $0 and you build your way up to this over a period of 10 yearswhere would you start how would you structure this???Ask more questions if you need too.$10 million assetts$5 million mortgages$500k expenses$750k turnover$250k profitBut remember you start with $0 and you build the above each…[Read more]

Thanks Dan,