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  • Profile photo of minichickminichick
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    @minichick
    Join Date: 2009
    Post Count: 54
    Scott No Mates wrote:
    Banks aren't lending on commercial (generally) so it is going to be tough.

    Hey Scott CBA is still lending there is also many commercial brokers around

    Depends what type of property commercial has many different sub sections such as lending on hotels/motels etc generally will only lend 65%max but retail offices will lend up to 80%

    Profile photo of minichickminichick
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    @minichick
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    Got Started, at 23 bought a few acres for 15k revalued at $30,000 6months later bought a house and went from there

    Now we have severals investment properties etc

    Profile photo of minichickminichick
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    @minichick
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    I would leverage into several properties buy under market/reno value get them revalued then buy some gold with the newly created equity

    Profile photo of minichickminichick
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    @minichick
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    I would look around gladstone in queensland with the LNG and other projects in the pipe line

    Profile photo of minichickminichick
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    @minichick
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    dannyde wrote:
    Hi,
    I'm a long time property investor (12IP) and I have been renting for the past 3 years. I'm told that you should rent where you want to live and buy where you want to invest.

    I live in a beautiful waterfront home that's worth approx $1mil for $535pw. If Ibought this place 3 years ago I would of lost $150K in value and paid the bank approx $60,000pa interest ($180,000). BUT I have paid the landlord $84,000 in rent. I'm about $250K ahead of myself in funds so far.

    In the same past 3 years I have purchased, renovated 2 homes and now have them rented. I think it all depends on the timing of the market place. I found this place on the internet and secured it very quickly as I knew the rent was so so cheap. In fact I was doing a search the other day and found a property that was worth $1.4mil for rent at $550pw. Who would want that kind of return????? But the funny thing is that some investors have no problems with there ROI. I take advantage of these dumb investors

    I have no problems with renting in this current market. BTW we live on the Gold Coast.

    Hmm maybe they bought for growth not rental return….

    Profile photo of minichickminichick
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    @minichick
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    I'll do it for 25k  lol at the monet there are plenty of places around with a 10%+ return look harder research more…

    Profile photo of minichickminichick
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    @minichick
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    did I read that correctly one poster saying 10% interest rate seems a tad high me thinks

    Profile photo of minichickminichick
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    @minichick
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    wow Just read this entire thread why the heck would anyone pay 30k and the latest 74k for coaching and agree with 15% is total slap in the face in the industry a simple google search show a few others offering 25%+

    1.get a good options solicitar theres a basic options contract I found awhile go for $99 $10,000 for drawing up an options contract is a load of rubbish.

    2. find a site drive around your area look for undervalued sites or use realestate.com.au etc

    3. options we are currently doing is mainly strata titling units use common sense and offer the vendor a substantial return
    4. it's not rocket science start out small with your first 1 and build from there

    5. the main thing you have to do is TAKE ACTION not attend seminars and do nothing

    still boggled 74k lol that's a good deposit for an invesment property portfolio and a bucket load  for options

    sounds like mark has broken a lot of promises if your going to send 74k to mark your welcome to send me 50% of that I'll send you an options contract and u can use rea to find the sites and do it yourself you'll make 100billion 100% guaranteed

    Profile photo of minichickminichick
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    @minichick
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    hmm lease option sounds like  a strategy I should look into further

    Profile photo of minichickminichick
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    @minichick
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    I have some on the outskirts of rockhampton qld 1 not to far from brisbane cbd  and one in aldershot all are positively geared all I did was use realestate.com.au seacrhed and searched I also bought a couple on the outskirts of rocky private sales low balled the ones on realestate.com.au and got em not all areas are one horse towns rocky is quite a large regional city so is maryborough

    Profile photo of minichickminichick
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    @minichick
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    This would be an options contract you would be better off oferring 50% of the profit to the vendor but you never know might take 50k you wont receive funds untill the places are built and sold to buyers….

    Profile photo of minichickminichick
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    @minichick
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     you can reduce the risk in mining towns if you buy a property with a  long term company lease 2yrs etc.

    Profile photo of minichickminichick
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    @minichick
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    sounds like a hold property to me we did just have a GFC so in another 3yrs you most liklely get better growth you should hold most properties for 5yrs to see any good results…..

    Profile photo of minichickminichick
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    @minichick
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    grew up in amining town always have booms and busts look at emerald which is now a city and has more then just mines also rocky is another interesting area if you want to speculate keep an eye on alpha,aldershot toogoom howard etc.

    Profile photo of minichickminichick
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    kazagirl wrote:
    Hi I was wondering if anyone would know about any vendor finance places available in the Hervey bay, Toogoom area QLD. I am looking for a four bedroom house. I have owned my own property for the last twenty years but had a fire in Oct last year only to find out that my insurance had lapsed. I now own no house the bank took the land and I am renting. I will not get the first home owners grant but have the same amount in deposit. I can not get a loan through the banks as my husband is on disability pesion and receives $650 per fortnight and I am in my 2nd year at uni and receive $1000 per fortnight plus $1400 per month in maintence. Please if anyone can help me or point me in the right direction would be much appriciated. 

    How much a week can you afford in repayments for a VF property?

    Profile photo of minichickminichick
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    @minichick
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    With the 70k new jobs announced recently and closer to home the alderhsot mine looking at finally going ahead I wouldnt be sitting on the sidelines for to long for hervey bay outlying beach areas close to the alderhsot mine about 15klms where we are

    Profile photo of minichickminichick
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    @minichick
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    Sounds interesting the skeptic in me is trying to find where the hidden upsell is no one teaches for free in this business

    Profile photo of minichickminichick
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    @minichick
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    How much is the home already paid the deposit to who the reagent etc? return to the investor?

    Profile photo of minichickminichick
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    @minichick
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    Maybe they have alot of money tied up in the property and can use it to build there wealth quicker rather then missing out on the extra 20% as most banks lend 80% of your equity for deposits etc and are making people jump through hoops if its for other business ventures

    Profile photo of minichickminichick
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    @minichick
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    currently working on 1 established 9 block of units strata titiling vendor gets 50k more for the property I make roughly 200k+

    strata titling and onselling  we have learned there is many ways to use options but takes alot of offers to get 1 through

Viewing 20 posts - 21 through 40 (of 50 total)