Forum Replies Created
Well put James, short and affective communication and straight to the point. It’s in the numbers!! Gee that “guy” got a great bargain, well done.
Hi Daniel, so did anything eventuate? Perhaps we can choose footscray, yarraville area?
Hey Oscar, have been following this post since day 1, great to see 40% profit margin, well done.
Looking Fantastic Oscar, lets hope the weather stays in the 20s + for awhile hey. Great to see you share such valuable information and insights into your development, much appreciated.
Hi Oscar,
if you don't mind me asking, how much of your own money will you need to put in for such a development? Will your firm be interested in JV for similar like developments?
Good luck with it, i will be following your progress.
Hi Daniel – im in the market to find my next property. seeing that i am time deprived atm, i will be using alliancecorp to help me find my next deal. thxs
Hi Daniel, thanks for the feedback. Re the gladstone purchase, I'm very surprised to hear the val came in very short – when u say alliancecorp chipped in 8k, i gather they didn't charge u the finders fee? would that be correct?
Why do you think Jason did this? is he not making any money from this deal?
Thanks buddy for the feedback
Purpose is to pay of home loan, increase cash flow as i won't have a mortgage to pay and receive tax benefits from IP which will be under my own name and not family trust. The other party is another family trust entity. The only disadvantage i see is that i will be forced to pay two lots of stamp duty – 1 now to have the property sold from Trust to me personally and then again later in life if i decide to sell it again.
Correct – So am i wrong to pay CGT, Stamp duty, break loan fees etc just to have the property in my name and no home loan mortgage? Obliviously, if i then go on to sell it again, later in life then i am having to pay these fees all over again.
Family trust owns 50% of an IP with another entity, pretty sure my trust is not a "unit trust", best i re check the doco. Cheers Terry.
ah… is anyone home? where did everyone go?…….surely this thread isn't finished!
Mattnz,
Firstly, congratulations on purchasing, ( to what sounds like to me) a fabulous opportunity with huge return potential. Well done and good luck mate.
The difference you paid for your 809sqm of land compared the other the person, ( great bargain and this is where you get the huge upside ) is miles apart from one another. How did u manage to find such great bargain?
Merf – I bought a piece of land in Nth Melb for $940k, 370sqm factory with vacant posession, mixed use zone, 2 yrs ago – got permits to build 4 townhouses, land value with permits came in at $1,4mil. A handy $400`k in the kitty. Hope this helps.
Hey Mattnz, would it be rude to ask where these blocks of land are located?
Nice find and Good luck
Hi JPcashflow,
Got to love the "cashflow" – I like your strategy, sounds like a winner to me – good luck.
Hi Scha9799,
thanks for the reply. Did you eventually get MPS to find you a property? – I totally agree with you in doing your own research but this shouldn't stop anyone reviewing the properties they put forward, i.e val's, comparable sales, rent apparsals for like properties in the area etc etc.
Hi New2invest,
Was wondering whether you made a decision with either company? I too have attended MPS seminars and a one on one with their key strategiest last week. I suppose the $1,100 up front cost to become a member covers their time to develop a strategy for you and then they charge 2.5% on the purchase price.
Your thoughts appreciated.
cheers
