Initially a RE Agent may be a bit dismissive of us young ones, BUT If a RE Agent thinks you are likely to make an offer, they quickly try to become your friend.

An accountant starts off friendly and If you keep paying an accountant on time, they will stay your friend.

A broker will always be friendly and helpful, they love commissions.

A Bank worker will maybe become friendlier as you borrow more and more money.

Basically Everyone loves it when you make ’em money!!!

Finding good quality help is another thing altogether.

####### A good way to get some inside help from an RE AGent is to ask if they can get you a list of all the recent sales in the area. All agents can get this on their exclusive database, and it is a good gauge of their actual friendliness. However the friendly agents may not be busy because their agency has overpriced properties.

Busy agents can be quite dismissive, but this can be a good thing. If they are really short of time, then they are very likely to push through quickly any low offers HARD on their vendor……………BARGAINS!

Lifexperience

find a partner with equity and no income….. theres heaps out there.

Add value to your existing props with reno’s to get more equity.

Trick rich uncles to overpay for all the other houses on the market in your street, then get a valuation.

jparsons,
don’t forget to get the plumber around to change the copper pipe (before the earth bond) for entertainment. They never believe a neutral fault zaps ’em until they actually get a boot.[devil]

e
Oh, Oh, Oh…… You can eat your own limbs for food. Many survivors on rafts at sea have saved heaps on their food bill by eating themselves. You can only do this for a few months though…….. hmmm[blink]

Lifexperience

you can compromise with landbanking. Ie: buy a house with a large component of the value/price relates to its potential to build more dwellings on the land.

Townhouses/dual occ. down the track for instance.

As you have worked out land is great and always appreciate in value. But plain and simple vacant blocks are very expensive to own week by week as there isn’t the tax advantages and there is no rent to subsidise holding costs….. as opposed to residential dwellings.

Good idea to throw a bit into a well balanced portfolio.

A portfolio with A few cash pos. props to pay for a big slice of urban fringe land would make for a very tasty package if it was affordable.

Lifexperience

Wezwaz,
I have learnt the hard way of what you write.

Having come flat chat off the back of countless inspirational books and money making novels, I was convinced that 12 months was the most time I would need in the real world to make my millions.

I am not sure if anyone remembers my early posts, but they were through coke bottled rose glasses. So damn rosy the thorns sticking in my eyes blinded me from reality.

I remember the Dousers at the tim e tried to explain that the world didn’t work this way, BUT I DIDN”T LISTEN.

Given hindsight and many kicks up the bum from real life investing, I hit that sinking gut feeling as I realised I may have underestimated the time and ease with which wealth is built.

I still believe you can do anything in 12 months, as long as you get on a roll. This would usually require experience, knowledge, contacts, a good team etc. Which would need to be in place before the roll.

Back to the grind of success for the 99 per centers. A goal and never dying persistance.

Lifexperience

Deposit Power won’t do bonds for trusts with corporate trustees.

Be careful!

Lifexperience

try the vendor finance association website., if you can get through, you may find wrappers ready to help.

Lifexperience

The vic state govt. are doing similar outrageous things down here.

Gee, it hurts when the accountant is wrong. Sack him!

Maybe consider putting the next property or so into your own name up to the threshold, and go from there.

i feel your pain. Try just to think of it as another cost as an investor. There will always be surprises like bad tenants, property price drops, hot water service repairs, and on and on. Just remember why you bought property in the first place and think of all the oodles of cash it will make you down the track.

Lifexperience

resort based services, cleaning, mini bars, etc. Now tied in with Breakfree in Australia.

His big stumbling block was liqour licensing laws.

I will get the name of his business for you if it is important.

It is a franchise to hotels and resorts and not so much to everyday consumers, so you may not of heard of them.

Lifexperience

1969 Holden HR
[cool4]

bought with cash $2000………it’s reliable, cheap and easy to maintain, great for towing and has a front bench seat. Fuel costs a bit though and it has a few rattles.

er, Does anyone know how to convert miles to kms as I have no idea how fast i am going? I found that the police don’t take kindly to me when I point out the speed limit signs don’t specify kms or miles.

And you should see the accountants face when I show them the logbook in miles!
.

I average about 350 kms a week and it hasn’t missed a beat for ages. oh, hang on, the tailshaft did fall out the other week…which explained the loud knocking noise at the time.

Lifexperience

yeah!!

Lifexperience