bump

Umm, I was just about to post what Michael said.

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Congratulations! []

Check a couple of things:

1. Body corporate and management fees.
2. That the price quoted is correct.
3. If you make an offer make it subject to finance (to ensure a valuation).

Are these motel rooms? Even if not, they are probably short term let to tourists. Maybe there will be periods where they are not tennanted.

quote:
Susie

From my experience, portfolio loans are/were not the way to go. The Bank cross-collateralised the mortgages over the properties securing the portfolio loan. I unwound them all so that each IP has a stand alone mortgage and there is no cross collateralisation over the properties.
Majority of Mortgages today are “all monies…

[Read more]

“The Secret to Real Estate Investment? Be POSITIVE”

or

“Beat Negativity With a Stick!” []

“The Secrets of Real Estate Success”

“The Positive Way to Real Estate Riches”

Or, you could use the word “Success” instead of “Riches.”

Mike,

In such a purchase who is responsible for payment of ongoing expenses such as rates, insurance, repairs etc. I assume that the operator is. Is that right?

lol []

Of the alleged 60,000 “graduates”(read “customers”)I would suggest that only a minimal percentage are multiple investors.

quote:
Absolutely inspirational[][]
Sometimes when you read a book you can tell its going to be a best seller and this one is.
I can see it now already No.1 on Amazon.com.
Keep up the great work

Have you had the opportunity to read the book?

lol

All the brokers are jumping! []

I think it is a very good intro. It makes me want to read it.

Well done. []

I recently had a loan approved for $150,000 and the broker’s commission was revealed on the loan documents as approx $1,200.

I saw the program last night too. That company was offering approximately $500 back on a $150,000 loan. Therefore, the bbroker was still earning approx $700 plus the trailing commission for the life of the loan.

This…[Read more]

Alright, I’ve done alot of research on lease options during the day.

It seems this mob source the deals, obviously for a fee. I will enquire as to how they charge.

It seems like a good way to get into lease options if you do not have the time to source properties and buyers/renters yourself, depending upon the fee.

Anyone out there got any views?

Ringo, there is a DEFINATE over supply of units in Melbournes CBD.

I would stay away if I were you unless you are absolutely sure your unit is something special that stands out from the crowd.

Wow. That sounds like an ad! []

Looks interesting in view of the gaurenteed returns.

Anyone have any thoughts on this system?

I think an example of the figures for a typical purchase would be beneficial.

My immediate queries/questions are:

1. How do katalist get paid? What % of the rent/lease to they keep?

2. What happens if capital growth is not as high as agreed? Is that…[Read more]

You are absolutely right! []

I got it a bit mixed up yesterday.[xx(]