Forum Replies Created
I know of a house where an elderly lady lived til she died. Having come from the depression era she was prone to stashing expensive antique jewellry away.
Anyways, the house was sold soon after and the new owner arrived to find piles and piles of newspapers in every room. He quickly ordered a skip and dumped it all.
weeks later, the new owner was talking to a relative of the deceased. It seems that her amasssed fortune was not distributed to any relatives.Check the mattresses and get a metal detector for the grounds.[whistle]
lifexperience
If anyone has the market selection buttons in front of them please press the butten stamped “Buyers market brings reality to home owners”
[biggrin]
lifexperience
Redwing – Ah yes, now i understand. Hang on let me see if this LSD tab will de-code your gibber.
….Oh of course sell the vendor to the agent and then jelly wrestle the silk penguin. taGeo- I like the upfront technique you suggest with agents! my question was about private deals ie no agent.
Anyone got a strategy (business card in letter boxes, ads at rsl etc?) that has worked?[stun]
a friend of mine said he knows when his offer is too low cos the seller will chase him down driveway with a rake. He gets a blank stare and looks to the distance when telling this story.
lifexperience
geo, mel, els thanku 2, I’d also like to thank the grammy directors for yhis dramatic unneccesary overthank thanking,……………..Thank you. he he he
lifexperience
Terry, down to earth sound advice again, Thanks
Jay, Acey, Monk, Elves Thankyou all ,, I am off to get that book “Trust Magic”,I appreciate your patience in typing out topics you may have explained many times before.
I like the idea of props owned by a hybrid discretionary trust with my company as trustee. Will read up and may do all future IPs.
If two blind men are in a dark room and there is no dog, why would you need a lead? [ears]
lifexperience
awwww C”mon. I know a lot of people want to start out with the right structure. What is the best set up anyone knows of?
Or some one plain tell me i’m in the wrong forum or typing ffunny or bringing up old boring topics or or or or or or or
lifexperience
Mel, a bit of a delay, I forgot about this post.
I transfer market rent (acct. reccomended technique)and have remainder[evo] build up in company.lifexperience
Reality can be what you let the skeptics make it, Nice reality!
OR What If you can have everything you wan’t. Cover the downside and aim for the heavens. Are you all telling me that there is no way to insure against the worst.
Point noted that some people are gambling but isn’t investing covering your risk and aiming for the big pay offs.lifexperience
By holding I reckon (note I have little experience in investing) you are losing ground to inflation, So you would need to find a deal twice as good later on to make it worth it.
Do you really think the financial papers know what the market will be in 12 months (what is the weather forecast tomorrow?), Buy a property for what it is worth or less ie: cash+ IPs. and then the market can deal in their imaginary future chicken eggs and it won’t affect you. GET the good interest rates while you can.Good Luck[cigar]
lifexperience
SIS, So its “EQUITY MATE!”. Why would anyone work for more than a few years if ya can retire and be done in 6 months. [thumbsupanim]
You seem to have done what I plan to do over next 6 months, got any suggestions for the many many people that want FREEEEEDOM?lifexperience
sorry K I jumped in, Oh yeah how do we do what K asked?????
lifexperience
So if we (new to investing) can get 80% easily financed with no worries, (feel free to jump in and finish this sentence), we could 1.ask vendor for second mortgage?, 2.Offer an investor a good rate to loan you deposit cash? 3.wrap 4. Busk Clown tricks on Bourke ST. 5…Rob bank (I hear you can average about $15k each run)
If you had full integrity, would you even need to know the word “secret”
lifexperience
H, I am amped on coffee and on a roll(maybe), and my delirious posts tonight will probably come up under rational day time dwellers logic scrutiny tomorrow ( i personally find DTDL restrictive) If you would like to discuss selling some of your potential capital gains to help out with your cash problem i may be able to help. Email me if you want.[whistle]Now how do i put a quote here,,,,,,,,,,,,,,,,,, He who dares y’all,,something something ZZZzzzzzzzzzzzzzzzzz g’nite and best of luck[sleepy2]
lifexperience
OK i have done some calculations, if you think the property is worth more than the 204000 bid above, then i will guess you think it is worth ummmmmmmmm. 205000?, if so then if you took a conservative 4% appreciation in value over 5 years which would come to an increase of $44,412 by the end of your 5 yr loan. You should be able to find someone to sell this to. If you sold it for say 20,000(the investor would be making over 100% over 5 years (better than 5% term deposit). Plus you could put it into the contract that you keep any capital gains above this.
In 5 years, you have property revalued or sell and pay out investor. Or roll deal over again.
Ps I think you smart to lock in Interest rates.
just a suggestion.Once again I have no experience, seek legal advice ya yada
Maybe see if the above punters want to bid at this deal…… go[xmas]lifexperience
I am posting this purely to open some worlds. If you can some how turn a property into making a return higher than 10% on cash down, and be able to repeat that event over and over, then by my calculations you should be able to give an investor/organistion who fronts the deposit cash a better deal than term deposits (secured in property). Why would you settle for anything less than millions and millions. Who told you otherwise.
he he (laughs at own cheek and possible naivety)[laughing])lifexperience
H, hi. now i am about to suggest something and know that i have very little experience in property at all, i am good at fixing stuff though.
Could you sell a contract for a percentage of the capital gains that this property should make over next few years for the amount of cash you need now. I’d be interested.
re read first line please, this just a suggestion, seek legal advice ya ya ya yada[strum]lifexperience
Thanks Terry, i have shown my impatience by not searching around the forums. As I plan to have lots of cash+ properties, It looks like a lot of members suggest a family trust.I will research more. I am finding out that by jumping into the deepend quickly, that there is a lot of water….. anyone got some spare floaties.[blush2]
lifexperience
