Even though you may be signing a standard REIV doc, I might also suggest you read it (both sides) and make sure you understand it before making your mark.

That might mean taking the doc and sitting on a bench for 10 minutes and even making a call to your legal adviser to clarify anything you dont quite understand.

And be sure to record a very…[Read more]

Jules,

If you are not 100% sure on the numbers in PIA, drop a line to Somerset Fin Services and I’m sure they would be happy to clarify anything.

John Blackburn
http://www.propertybooks.com.au

Jules,

There are lots of products out there, ranging from the cheap and nasty that are jazzed up spreadsheeets, through to the expensive and complex that require a masters degree to get the input right, let alone understand what the outputs actually mean.

PIA works pretty good and seems to get a good wrap from users.

My suggestion is to work…[Read more]

Always a good ready to give you heads up for locations you think you know an those you know you dont [biggrin]

I will throw in a plug for a book we recently put online and became one of best sellers in two days! ( that’s becasue we released it only to our subscribers and the response was massive)

How to Grow a Multi Million Dollar Property Portfolio -in your spare time
by Michael Yardney

Currently we still have a small number of copies in stock for…[Read more]

Hi Guys,

Interesting reading on this thread but I must say how very dissapointed I am in some of the comments made… especially as many were made out of ill informed assumptions and an obvious lack of knowing the full story ( facts ).

Why is it that when something of value is built, there are always some waiting in the shadows ever so willing…[Read more]

Just Allan makes a few interesting points however my experience is VERY different.

Whether it’s a house or a car, I’d rather buy direct from the seller than go through an Agent.

And especially so with houses.

You see, when i deal directly with the vendor selling their house, I get a level of co-operation far inexcess of that ever achievable…[Read more]

it’s time you got out more…. and started thinking about expanding your library to some better quality books.

….those who mock others do so to hide their own deficiencies. [buz2]

After just one seminar, I’m sure Lewis will be flattered to discover he has been elevated to the rank of GURU and made it to GURU WATCH!

[biggrin]

Barnsey,

If we use a word often enough in the wrong context it can, over time, change it’s meaning.

I think HERO is one of those words. The marketers have cleverly changed the Sports Star into a Hero.

Here’s a really simple test…

Firstly, let me tell you about Quang…

He is well educated but lived in Cambodia at the wrong time. He knew Pol…[Read more]

Steve is a shadowy figure who lurks in the background of property investing forums (especially this one for some strange reason) and seminars.

He watches your every move and knows if you have been good or bad… so you’d betta watch out, you’d beeta not cry….

If you are really lucky, you might catch a glimpse of him at this event.

Now for some more confusion…..

Grreg, what happens if you receive counterfeit notes in the wad of cash?

Well, it’s the last man left holding ’em loses.

If you take fake notes to a bank or police or whoever and present them, they confescate them and you dont get any refund!

So even cash can be a risk.

And yes, there are quite a few fake…[Read more]

Once upon a time, in far away land…. a bank cheque was regarded as being as good as cash, if not better.[biggrin]

You could accept them without any fear and when you deposited them into your account, they were regarded as being “clear funds” – like cash.

Today, however, it’s a different story. Deposit a bank cheque and your bank will regard it…[Read more]

Viralk,

1) Where do I get the report which gives me the report of houses sold in that area in last one year (sales history in the suburb)?

You can buy reports from various sources. Go to sites like domain.com.au / realestate.com.au and see the links to various info’ providers.

HOWEVER, if you can hold off for a few weeks, you can do the…[Read more]

No response to the post so i guess it means one of two things

1) Nobody here has done it despite all the talk about L/Os
2) Nobody wants to speak about it

[confused2]

Best place to start is the local council.

Remember, having a heritage listing can often DETRACT from a property value as owners can be limited as to what they can do to and with a place.

It also adds a fair bit of paper work and red tape to things.

But the rule remains… if the price is right, go for it.

Scott,

1) If you plan to wrap the property, then my suggestion would be to apply the same rules you would use if you had a buyer pick out a house they want you to buy. ( rather than you buy, then then find a buyer )

2) You BUY on a L/O and reassign it to your buyer on a L/O. Guess what. I’d ask my buyer for , say, $2,500 L/O fee up front, which…[Read more]

Celivia,

Uhm are you gonna mark our posts now and hand out reportcards? And are you doing this to try to help people? Well I’m sure you have thought it through (ideally)

Maybe I was just lowballing you too! [upsidedown]

By the way, do you think there is such a person as a realistic idealist? Just a thought!

Enjoy

Hmmm, maybe I missed something, but here goes anyway….

1) I didn’t know that it was compulsory to accept any offer, let alone a lowball offer.

2) If the reason you are trying to protect somebody against lowballs is because they have found themself in financial difficulty due to gambling, drugs, poor business decision etc, then my bet is more…[Read more]

See my previous post….I rest my case… the article writter hides behind nicknames and has no courage to name names.

And by tricking you all into specualting who’s who, you do exactly what the writer wants.

There’s a saying in sales…. create F.U.D. … fear, uncertainty, doubt. Then they will come to you as “the solution”.

If you use your…[Read more]