Marco replied to the topic Buyer Referral in the forum Help Needed! 20 years, 1 month ago
Thanks to all who replied!
I occasionally get enquiries from all over Australia that I can’t help due to geography. If you’d like me to pass on their contact details please feel free to PM your email address to me (prefer PM as I don’t need to keep a separate list elsewhere). I won’t use the details for anything other than letting you kn…[Read more]
Marco replied to the topic SA, any good? in the forum No Subject 20 years, 1 month ago
The number of yes’s in my previous reply reflect the time of day and my attitude towards the market.
A bit like bob the builder. Can he fix it? Yes he can!
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http://www.positiveproperty.com.auMarco replied to the topic SA, any good? in the forum No Subject 20 years, 1 month ago
Hi all, just scanning the pages and came across the post. Certainly a variety of thoughts and comments. Just want to encourage you that the SA market is still strong if you look for the deal that no one else can or wants to make work. Having said this, yes – there is an element of risk involved. Others call this ingenuity.
For those from…[Read more]
Marco replied to the topic Commercial Deal – Scenario in the forum Help Needed! 20 years, 5 months ago
Hi Westan,
thanks for your feedback, yes you’re spot on re the lease option. I’ve been mulling this over and your comments are in line with my conclusions thus far. I’ll get back to the couple and see if we can make the deal a lttle more standard. I’ll check up on the other points as well.
Enjoy your weekend!
Marco
Get more out of…[Read more]
Marco replied to the topic Commercial Deal – Scenario in the forum Help Needed! 20 years, 5 months ago
Thanks for your response,
When you say that I would get to keep the return of 10% all to myself, are the repayments being paid out of this return?
(very) rough figures for the child care example are as follows:
Gross return: $54,000
Loan payments: $31,000
Nett return: $23,000I suppose I should mention that we would do a lease option, so sell…[Read more]
Marco replied to the topic Budgeting in the forum Help Needed! 20 years, 5 months ago
Hello Y, good question.
Understanding your own finances is always the first step before investing as there is no sense in creating extra income if it’s just going to disappear by creating more doodads!
I teach my tenants some basic budgeting skills before we give them the go ahead to look for a house. Typically use the approach that John Burley…[Read more]
Marco replied to the topic Commercial deals – Scenario & your thoughts in the forum Creative Investing 20 years, 5 months ago
Hi there Nathan, we use Blue Onion New Media for all of our stuff. Very proffessional and reasonable. Check out http://www.blue-onion.com.au/
All the usual disclaimers apply.
Have a great day!
Marco
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http://www.positiveproperty.com.auMarco replied to the topic Property mathematics in the forum Help Needed! 20 years, 6 months ago
Hi Mel,
yes I think we’re both on the same page! Yet to master the book… maybe one day
Have a great day!
Marco
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http://www.positiveproperty.com.auMarco replied to the topic Adelaide investor/renovator looking for ideas/JV in the forum Help Needed! 20 years, 6 months ago
Hello Misty,
check out this thread here
I need to let you know that I’ve not been involved with Summo or the stuff he’s organised, but it should be a good starting point.Have a great day!
Marco
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http://www.positiveproperty.com.auMarco replied to the topic Adelaide investor/renovator looking for ideas/JV in the forum Help Needed! 20 years, 6 months ago
Hi there Ace,
Good to hear that you’re out there making things happen. I’m based in Adelaide, most of my stuff has been in the Northern areas.
Don’t have a problem finding houses as I focus on the tenant and educate them to find the right house.
All the best, Marco
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http://www.positiveproperty.com.auMarco replied to the topic Positive property – where ? in the forum Help Needed! 20 years, 6 months ago
Hello Rugbyfan, thanks for your reply. Yes, I agree with you that this statement (as with any other) should come under scrutiny. It gives others and us an opportunity to understand and clarify the point being made.
Firstly, Kirribilly isn’t for sale at the moment and I can’t see it being on the market in the near future. The point I’m makin…[Read more]
Marco replied to the topic Positive property – where ? in the forum Help Needed! 20 years, 6 months ago
Guys, do you want the secret? I mean, the REAL secret? It’s in Steve’s book, but if you’re not looking you’ll miss it…
Are you ready for it?
Here it is:
It’s the PERSON that makes the deal work, not the HOUSE. Any **house** can be cash flow+, as long as the person is happy with the deal.
ANNNNNNNY house.
Kirribilly house…. Now there’s an ex…[Read more]
Marco replied to the topic south aust investing in the forum General Property 20 years, 6 months ago
Hello tonkaau,
welcome to the forum, and congratulations on taking the plunge into the South Australian realestate market. I suppose the reason there isn’t so much activity on the forum regarding the SA market is due to the limitations placed on us by the SA Government regarding wraps. This, however, shouldn’t stop anybody buying some well placed…[Read more]
Marco replied to the topic Property mathematics in the forum Help Needed! 20 years, 6 months ago
Hello Patrick
I found Bill Handley’s book “Speed Mathematics : Secrets Skills for Quick Calculation” very useful. I am by no means a maths enthusiast, and when I started doing a few deals I found that it took me *hours* to crunch the numbers (persistence pays off!)
Al though it’s not specifically about property, I found that once my general…[Read more]
Marco replied to the topic Financing a Lease Option in the forum Hotch Potch 20 years, 7 months ago
Hi dejaWCD,
there are a couple of views here. One of the decisions that you need to make is how you want to realize your profit. Do you want all your cash flow now (and not pay off any principal), or do you want to take the balanced approach and take a little less cash flow, pay a little principal off the house and even make a little capital…[Read more]
Marco replied to the topic Ed Burton/Lance Spicer in the forum Opinionated! 20 years, 11 months ago
Hi there wezwas,
Although I have not personally attended Ed Burton’s seminars I would like to offer the following comments. Take them for what they are worth.One of my colleagues has attended and we are now using *some* of the strategies as per the seminar.
As far as Lance Spicer is concerned,no comment. Have read the books but not gone much…[Read more]
Marco replied to the topic Secrets to getting Top Price in selling Your Home! in the forum General Property 20 years, 11 months ago
Marco replied to the topic Professional homeloan packages in the forum Hotch Potch 21 years ago
Ask the NAB for their “Choice” Package. Aimed at the sophisticated investor. Min loan is $150K. No expert in this but I’ve heard it bandied around a little.
Regards
Marco
Marco replied to the topic Excel Spreadsheet formula in the forum Hotch Potch 21 years, 1 month ago
Thanks Stuart and Smaointe for your help. I shall try both methods now.
Have a great day!
Marco
Pick the excel novice!! ME
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