Hi There…. I have secured property for a packet of chewing gum … that is all I had of value (rummaging around in my clovebox of the car) after being embarrassed about not having a one dollar coin in my wallet. …. but hey if they say it take money to secure property… then who am I to pipe up ;o)
Cheers
Kiwi

you can also think about getting hte seller to cover the closing costs on condition that you increase the purchase price…… as long as the whole thing still values up (ligitimately of course)…… should be a sizzler. – due diligence and check comps on comparable props to make sure the 20% vendors funds are not just profit sharing. :o)

Ed,
Where did you wish to invest?
Cheers [baaa]

you could always put on a couple of homer simpson wheel locks for security. :o)

Hi all if you have no or little capital… I think rick otton is running a one day Lease Option workshop this month in Sydney. anyone going to it … take a look if you are interested at
http://www.rickotton.com

I might see you there.
Cheers,
Kiwi[biggrin]

Hi all…. at the end of the day it is really the market that determines what they will and will not pay.

If you are asking too much the market will let you know… how? nobody will take the opportunity you are offering.
Cheers,
Kiwi

You could always get a reval done on the property and see if you can squeeze an extra dime or two of equity…. then open a 24hour Pizza shop over the road from the pub…. ya gotta eat when you roll out the door right??…. naa seriously… a suggestion would be to get out as much equity and go for broke on the +CF props… but as they say ….. commercial property can really have some good returns although the capitial needed to put transactions together can sometimes be something short of a nightmare.
-or stick with what you know and go for broke….. as the kiwi saying goes!!!
” Come on Cuz – stick with wot you know bro!”
Cheers,
Kiwi[biggrin]

• Make sure you win on the transaction going onto it rather than hoping the govt or the market place will make your dreams come true
• put in none or as little of your won funding as you possibly can to make the return much more attractive
• Get a whole heap of opportunities on the table at once… this way you will not be tempted to make a deal out of thin air and try to make it happen… you are better off weighing up 3 or more properties at once and decide to push back on the least attractive keep the emotion at bay!

Cheers
Kiwi!
[biggrin]

I agree to a point …. however, if you are doing this as a full time job then you will have people queing up at the door for the opportunity!
Cheers
Kiwi
[biggrin]

Great Point Kay :o)…. This would mean that it is: 122,000 people compared to 68,000… still a big jump from the dablers to the seasoned professionals don’t you think?
However I think my point is across… look a the difference between those that have 1 property and those that have 3 (Investments)…. where do you think a lot of those extra properties came from???? – More to the point …who do you think obtain a lot of the properties that come up in the market place at bargain prices?- well I know that lots come from the dabblers that lose money hand over fist … because they got it wrong… how did they get it wrong you might ask???? well this is a myriad of issues:
1. Paid too much on a falling market.
2. Paid too much in a flat market.
3. did not plan for interest rate rises?
4. Did not plan on the government changing the tax law?
5. Stamp duty and land tax issues?
6. Overextended financially (do you think the bank really cares?)
7. Did not make the money on the way into the deal?
8. Bought in a war zone and can not insure the property?
9. House getting vandalised?
10. High vacancy rate (Vendor has to carry holding costs?)
11. High rent default rate?
**************************************************
Many others of which I will not go into …or perhaps you all may be able to share your experiences here…. the key point I am trying to establish is that all or most of the above could have been avoided or at least minimised on the risk side….. How you might ask? Education!
Intellegent people learn off intellegent people and that means if you need to learn, would it not make sense to do so in the most efficient manner possible? Sure you have to take the plunge … but at least it is not into the unknown… learn mistakes off those who have already done the school of hard knocks … and by doing so shorten the learning curve .. and save time… with more time … we have more time to realise our goals and aspirations.

Hope this helps someone!
Cheers
Kiwi[grad]