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Nathan Smith
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@nathan-smith
Join Date: 2009
Post Count: 13
September 18, 2009 - 5:27 am
Yeah I plan on selling the property but leaving the loan in place until the fixed period is over. I can pay down most of the loan without breaking out of it, and the fixed period is up in bout 18mo or so.
Nathan Smith
Participant
@nathan-smith
Join Date: 2009
Post Count: 13
September 17, 2009 - 9:17 am
Thanks guys for the info. It is muchly appreciated and useful.
I am selling for personal reasons Andrew. Got myself into a bit of financial mess and just trying to fix it.
I am not concerned about selling for a loss at all, I decided that I need to sell the property I have for personal reasons and was simply wondering if I would make anything on it from when I bought it.
It's actually not a bad place, you can check it out on homesales.com.au – address is 112/199 sheridan st, carins north.
Positive cashflow property if you can get the interest rate for low enough (which I didn't – and fixed it at the time so can't refinance affordably).
Thanks again all.
Nathan Smith
Participant
@nathan-smith
Join Date: 2009
Post Count: 13
September 4, 2009 - 8:40 am
Terry
I don't believe I am allowed to, as it is apparently spruiking for business, which is not allowed on this forum.
However I can say that if I were to be contacted privately we could discuss deals that are in the range of 10-15% returns.
Thanks
Nathan
Nathan Smith
Participant
@nathan-smith
Join Date: 2009
Post Count: 13
August 27, 2009 - 9:50 am
Gday Richard.
Are you aware of any in Qld. Thanks.
Nathan
Nathan Smith
Participant
@nathan-smith
Join Date: 2009
Post Count: 13
August 27, 2009 - 9:49 am
Richard
Thanks mate for your advice. Me being inexperienced in investing could you please expand on your message. I would dearly love to make some money by perhaps assigning contracts of great +CF deals since this will help me to begin my own investment portfolio, but obviously if this is illegal activity I will stay well away.
Do you have any suggestions to whom I might pass on these deals or where I might look for such investors. I have been looking around for local investment clubs however there are none. And there appears to be not a lot of places to advertise for an investment or finance partner.
I appreciate your assistance mate.
Regards
Nathan
Nathan Smith
Participant
@nathan-smith
Join Date: 2009
Post Count: 13
August 25, 2009 - 9:47 am
Cheers duckster
Thanks for your advice.
I am currently in Central Qld. If anyone knows of any investment clubs around this area I'd love to be involved. Even if it's via webinar or what not.
Even if there is a bunch of ppl in CQ that would be interested in perhaps meeting up to discuss a possible club I'd also be involved in that. I'm only new to property investing but think it would be great way to get a foot in the door so to speak.
Thanks again
Nathan
Nathan Smith
Participant
@nathan-smith
Join Date: 2009
Post Count: 13
August 25, 2009 - 9:43 am
Cheers boys
Thanks for the advice, it is greatly appreciated.
I will keep your ideas in mind as I pursue the concept.
On another note, anyone know how to find someone to pass on deals to (ie like a birddog I believe they call it).
I have come across quite a few deals (10-15% yields) and I am short of cash and would love to know how to pass these deals onto investors to make a few bucks so I can get involved myself.
Any ideas is greatly appreciated.
Thanks
Nathan
Nathan Smith
Participant
@nathan-smith
Join Date: 2009
Post Count: 13
August 24, 2009 - 9:38 am
Thanks Scott
That's an excellent idea. I never stopped to think that owners details would be on the contract and to access their details I should attempt to obtain a contract.
I guess my only thoughts on this are, if I continually chase down contracts from REA's and they fall through (due to a lack of agreement b/w myself and the seller) how long before the REA catches on and stops sending the contracts through. This is just me thinking out aloud (in writing . I suppose I'll only know if I give it a try. And hopefully if REA's can see what I'm trying to do then perhaps they'll be a little more helpful.
Thanks again
Nathan