marten hilberts replied to the topic Private Money Lenders or Vendor Finance? in the forum Creative Investing 16 years, 11 months ago
rebecca22 wrote:
"……….where I can just repay the private money lender with 12% interest upon the sale of a rehabbed house……"if you can get investors to do a deal like this please let me know. i can only share my experience with private lending. yes it is fantastic (the people i deal with have the cash, want to invest in property but s…[Read more]
marten hilberts replied to the topic Keeping tenants when using Steve McKnights buy and hold strategy in the forum Creative Investing 16 years, 11 months ago
i used to think the same……….OH ALL THE RISKinsure against the risk, take a chance, most renters are really good people. i have a default rate on my investment properties. it can always be sorted out. it may take a commercial offer to appease the offending party, but thats OK you still own the property. just set a target for the risk level…[Read more]
marten hilberts replied to the topic How would you invest $1 million in property? in the forum Creative Investing 16 years, 11 months ago
That is a very interesting question. in my opinion and in ONLY my opinion use it. it really is a very simple process. does the income from your investments (i assume you are going to take the money from your lender?) cover ALL outgoings. if it does take it
marten hilberts replied to the topic Sharing Tips- in the forum General Property 16 years, 11 months ago
TIP make a decision………buy now, it will force you to take action. TIP dont listen to the 'masses'. their information is not constructive to who you are or want you want to beTIP DO NOT EVER take advice on property investing unless they/them/him/her have 10 times your NET worthTIP unless it is in writing and signed by both parties, it D…[Read more]
marten hilberts replied to the topic Worst Property Mistake ….Ever!!!! in the forum General Property 16 years, 11 months ago
Milly, look forward to hearing the results of your court case. hopefully my court case result is as good as your prediction. i was thinking 5 cents a year for next 500 years would be an interesting result. yes i used to 'trust' everyone and thought that everyone told the truth. good lesson for me. and you are correct learn and live it
marten hilberts replied to the topic “Fair market” as opposed to “other” valuations?? in the forum General Property 16 years, 11 months ago
in my opinion, simply a valuation is a valuation, it is simply a number written in ink on a valuation report. yes, you would think that if you ordered the valuation and used a valuer that was on the lenders panel (i am in qld so it would only be valid for 90days….other states could be different) it would be accepted, but not always the case.…[Read more]
marten hilberts replied to the topic rockhampton?? in the forum Help Needed! 16 years, 11 months ago
I agree with richards comment re: Stephen West. an agent i have had the pleasure of dealing with over the past 6 years. although i have used other agents in the town to purchase properties he will give you the 'truth' on the market and his 'gut' opinion. if you are a geniune buyer he will be happy yo help, i suggest 'do not waste his time' if you…[Read more]