Total Members: 159,193

Nathan1

  • Nathan1 replied to the topic Overseas investors in the forum The Treasure Chest 21 years, 9 months ago

    I am also interested in the whole overseas thing, at least so I know what my options are. My business partner convinced me to hold off on the investing just for a few months while we’re building our business, as I am the programmer creating the system that is our business model, and I need to focus. (his words). Our business is going to fund both…[Read more]

  • Nathan1 replied to the topic low-priced properties vs regular-priced properties in the forum No Subject 21 years, 10 months ago

    ah, cool, thanks for clearing that up!

    email: g e n e r a l g h e r k i n @ y a h o o . c o m
    phone: 0405 411 098

  • Nathan1 replied to the topic wraps vs lease options in the forum The Treasure Chest 21 years, 10 months ago

    good points. I don’t mind if the tenant walks away because it means I’ve collected above-market rent for the period, which suits me just fine. What do you mean by “it is also easier to withdraw any increase in equity”?

    email: g e n e r a l g h e r k i n @ y a h o o . c o m
    phone: 0405 411 098

  • Nathan1 replied to the topic wraps in canberra in the forum The Treasure Chest 21 years, 10 months ago

    ouch.. i think i heard about that 99 year lease thing… how does it work? are there any easy loopholes around it?

    email: g e n e r a l g h e r k i n @ y a h o o . c o m
    phone: 0405 411 098

  • Nathan1 replied to the topic New to Property in the forum The Treasure Chest 21 years, 10 months ago

    Oh, I forgot to mention, I’m 24 years old… hoping to get my first property shortly!

    email: g e n e r a l g h e r k i n @ y a h o o . c o m
    phone: 0405 411 098

  • Nathan1 replied to the topic New to Property in the forum The Treasure Chest 21 years, 10 months ago

    Hi Bella, I’m fairly new here too (less than a month) and I’ve been using my time so far to research and learn about how the property investment game is played. I haven’t bought my first property yet (waiting for a couple of small hitches to be resolved first) but I have learned a lot so far. First of all, you’ll find that pretty much everyone who…[Read more]

  • Nathan1 replied to the topic Some tips on getting started? in the forum The Treasure Chest 21 years, 10 months ago

    Sooshie, thanks for the advice. I actually do have 1 or 2 people I can think of who might be able to help me out if worst comes to worst.

    email: g e n e r a l g h e r k i n @ y a h o o . c o m
    phone: 0405 411 098

  • Nathan1 replied to the topic Real-world positive cashflow test case, I think! in the forum The Treasure Chest 21 years, 10 months ago

    Oh, I forgot to ask. Since property management costs are based on the rent collected, if I set up a lease option deal where the rent is, say, $100 above market rent because it’s being credited to the final strike price, so for example, if normal rent is $120 and I’m charging $220pw with $100pw credited to the purchase, is the 6-8% property…[Read more]

  • Nathan1 replied to the topic yield clarification in the forum No Subject 21 years, 10 months ago

    Ah, right, thanks. That certainly makes sense, considering the cash on cash. I also am after immediate cashflow, rather than very long term money that may as well be a dream for how real it seems.

    email: g e n e r a l g h e r k i n @ y a h o o . c o m
    phone: 0405 411 098

  • Nathan1 replied to the topic Real-world positive cashflow test case, I think! in the forum The Treasure Chest 21 years, 10 months ago

    yep that does, thanks :D

    email: g e n e r a l g h e r k i n @ y a h o o . c o m
    phone: 0405 411 098

  • Nathan1 replied to the topic Real-world positive cashflow test case, I think! in the forum No Subject 21 years, 10 months ago

    ah, cool. thanks! so, when you say allowing for vacancies, I assume you are mainly referring to the time between when I make my first mortgage payment and when the tenant comes on board?

    Edited by – [email protected] on 10/01/2003 3:59:58 PM

  • Nathan1 replied to the topic Real-world positive cashflow test case, I think! in the forum The Treasure Chest 21 years, 10 months ago

    Hi Steve, thanks for taking a look. I think one big thing for me is it showed the difference between the normal way people would do it and lose money, and a lesser-known way of doing it (i.e. lease option) and make money.

    Question, what is B&H? Also, with rental management, are you simply talking about maintenance and stuff? How would I work out…[Read more]

  • Nathan1 replied to the topic questions in the forum The Treasure Chest 21 years, 10 months ago

    ah, thanks. It’s always confusing when you see a post using unexplained jargon and you have no idea what they’re talking about.

    email: g e n e r a l g h e r k i n @ y a h o o . c o m
    phone: 0405 411 098

  • Nathan1 replied to the topic questions in the forum The Treasure Chest 21 years, 10 months ago

    The context was from this post:
    http://mastermindforum.com/phorum/read.php3?f=2&i=24273&t=24273

    quote from the message: “I have a couple that won a HUD bid, but can not qualify for a loan. The deal is that we’ll do a double closing, I’ll get the title, and then “sell” to them on a lease/option.”

    email: g e n e r a l g h e r k i n @ y a h o o .…[Read more]

  • Nathan1 replied to the topic Some tips on getting started? in the forum The Treasure Chest 21 years, 10 months ago

    AD, I’d love to have a chat whenever is good for you. My number is as per my signature, or I can call you if you prefer. I only have internet at work at the moment, unfortunately, and it’s heavily firewalled, so I can’t chat online yet. Not until mid-february once I move house and can get my broadband connection on.

    email: g e n e r a l g h e r…[Read more]

  • Nathan1 replied to the topic another question… in the forum The Treasure Chest 21 years, 10 months ago

    I have also lately been making sure I say not, “why can’t i?”, but “how can i?”. As a result, I’ve now gotten in contact with a mortgage broker (David and Hilary O’brien) and the wheels are now turning to try and see what I can qualify for. I’m also learning about wraps and how the contracts work and stuff like that, so hopefully it’s full steam…[Read more]

  • Nathan1 replied to the topic two more questions: in the forum The Treasure Chest 21 years, 10 months ago

    ok, so how am getting a return on my investment if I’m in the negative as far as my cashflow is concerned?

    email: g e n e r a l g h e r k i n @ y a h o o . c o m
    phone: 0405 411 098

  • Nathan1 replied to the topic contracts in the forum The Treasure Chest 21 years, 10 months ago

    $495 for the NSW contract.. ouch! But hey, it’s an investment in my future, I suppose, especialliy since the alternative, paying 1000’s in lawyer fees, is a lot more expensive ;) They didn’t have a contract for the ACT yet… which is where I live so I guess I should focus my initial efforts in the Queanbeyan area, which is close enough to virtually…[Read more]

  • Nathan1 replied to the topic two more questions: in the forum The Treasure Chest 21 years, 10 months ago

    Thanks Dan. Actually, although I have little understanding of the difference between a P&I loan and an interest-only loan, I contacted a mortgage broker today to see what it will take to help me make the first step into getting my first investment property, so I guess I’m going to learn all about loans very shortly!

    Question: What is…[Read more]

  • Nathan1 replied to the topic Investment Selection Criteria in the forum The Treasure Chest 21 years, 10 months ago

    Ok, My three main goals for 2003 (to be revised once I get a better understanding of the property game and what the limitations are), are:

    * Eliminate my credit card, computer and car loans
    * Acquire my first 5 (or more) investment properties, and all must have positive cashflow from day 1
    * Finish writing my website content management system…[Read more]

  • Load More

Nathan1

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
159,193

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!