Forum Replies Created
Hi Simon
Yes we want to settle on the land first so we are looking at obtaining finance for the whole package, to build in around 3 months time.
Are lo docs the only option, don`t they have higher interest rates and restrictions,disadvantages?
I will be signing a contract for the land this week, including a 3 week finance clause so will have to organise the loan within that time, including getting a builder`s quote?
Regards
ClintonFor anyone interested the show was on tv here in England last week. The website is itv.com/iwantthathouse
If you have any questions email me: powderfingers
at hotmail.comI think it certainly exposed the area further to the world!
It featured properties in Bargara,Innes Park and Sharon around the $300k mark.Cheers
ClintonHi,
It`s in Qld, on the coral coast, be very careful
apparently there has been a lot of this going on in recent times.Very dodgy people!!!Yes that`s exactly what they have done Terry,
I know some other parties have placed caveats and planned class actions, I know the subdivision will soon be registered. I just wanted to know if there is any hope of still settling on this block and whether these greedy developers will get away with it.Clinton
Hi
I am in England at the moment so I will let you
know if i see the show. We are over here for a year
after being in Bargara and Bundy for a year.I agree, it is underrated and is on the way up. We sold our property there before we left as it went up 80% in 4 months.
We are planning to return to the area after our stint here and buy or build further properties.
Regards
ClintonMel
Thank-you for your post. I agree that you have to be certain you can pull some equity out of the property to pay out the tenant, my property that I have in mind for it is at about 70% LVR and increasing rapidly, so I’m confidant.
Have you done this sort of deal before? If so, where would you suggest advertising for this type of deal?
Geronimo
My tips: Pete and Rebekah, yours?
Hi Steph and Cremin
We have the same motivations as you guys, what`s it like in London?
My wife is a teacher and we are thinking about going to England next year. She is applying for positions in the Cambridge area. What are the kids like there, she is sick of them here!Cheers
Clinton and Julie,QueenslandFor those who emailed me yesterday, could you email me again, I accidently deleted your emails and couldn`t retrieve them.
Thanks
Thanks Mel!
We`ll be there for the property side of it.
Cheers
ClintonThanks to everyone for your thoughts, everyone is entitled to their opinions.
To Peter,
Thanks for the advice, I`ve taken it all on board and will be visiting a solicitor shortly.Sooshie, I understand your point of view and fully agree.
I see no reason why there can`t be both available on this site.Ie. People passing on deals for free and people passing them on for a fee.
After all if they`ve done the hard work, why not?The buyer still does their own due diligence to decide whether it`s a good deal or not before they buy and pay a spotter`s fee.
[b]From 0 to 130 properties:page 260
Nevertheless, for people who are time rich and money poor, sourcing properties and then selling them to investors for a spotter`s fee can be potentially lucrative.
You can do this without having to sign the contract or pay a deposit in your own name. I you`re looking to earn a spotter`s fee, use the forum at our site http://www.PropertyInvesting.com to look for potential buyers.[/b]
Steve suggests it! And I`m grateful for it because
I`m time rich money poor! I invest my time learning and searching the area I live in so why not get some reward for my efforts?I`m sure if there are any disreputable dealers out there they will be quickly found out and shunned by buyers. But if they come up with the goods, investors will appreciate it because they would not have time to find deals otherwise and any costs would be more than paid for by a good investment.
If a spotter`s fee is only payable if the property is purchased, where`s the harm?
It`s a win/win.
Sure, it is kind to pass on information for free and I will at times, so why not both?
Clinton
Sports Journalist, I love my job!
But not enough money yet, my wife earns most of our income. Thats ok, because I spend my time writing, learning, and looking for property and opportunities!
Clinton,QldYes you both made good points Kaydee and Harold.
I agree with you Kaydee, there will eventually be some bargains to be found, from the over spending going on.
Harold, you`re exactly right, our house was cheap so the agent obviously convinced the vendor to sell at that price for an easy commission.You`re a funny man
Hey Shane,
I think you`d have more fun in one of telstra big pond`s chat rooms.
lol
Where have you been looking Sue?
Yes, it`s very hard to find them but they are there, apparently!
Calron,
I emailed you to answer your questions.
Regards,
ClintYou`ve got the right idea Arty!
That`s what weekends are for. It`s good reading,you`ll enjoy it.
Kirby319, to answer your questions.
1.I am looking at the Wide Bay to North Queensland areas but will look elsewhere if required.
2.The spotter`s fee will be proportional to the price of the property, I will have a definite figure shortly.
3.I think it`s fair if the fee is only payable upon purchase of the property so that it`s a win,win situation for everybody.
Regards
Clint
[email protected]
