Robert,

To the initial posts on this thread. Both Rick & Jane Otton has been a fantastic help in providing practical advise and information on trading properties for the Australian Conditions.

Regards,

The Property Trader

Hi Guys,

All I was illustrating was that it can be done with a dollar …

In regards to the time machine … grow up you guys … they are the settlement dates and since the onsell contracts to the properties are unconditional and the time frame to settlement are very close they are viturally a done deal.

Rob … I don’t have to prove myself to…[Read more]

Guys,

I have not been able to purchase property for nothing down, but I have been able to do it for $1.00.

7th Dec 2004 $10.00 down, made $23,000.00 profit
23rd Dec 2004 $10.00 down, made $21,000.00 profit
10th Jan 2005 $1.00 down, made $10,000.00 profit
27th Jan 2005 $1.00 down, made $23,000.00 profit

Paid no closing costs and did it in…[Read more]

Ireland,

You seem to come across as a person who is a “doom and gloom” promoter rather than a problem solver …. In answer to your question if interest rates went to 15% what would I do ….

Opinion:

[1] Interest rates will be reative to the current market. If the average homebuyer is paying 15% then my buyers (credit impaired) would be…[Read more]

Hi All,

What an intersection of differing opinions.

My property investment goal is to look at a property and to have the ability to maximise my profit out of it by looking at the viables around it (the property, the area, interest rates, occupier etc) and selecting the strategy (instalment contracts, renovations, lease option, license to occupy,…[Read more]

AD,

Please call me and I can refer you to someone here in Brisbane.

Regards,

JUason Moore

Hi Tony,

Shot me an email expressing what you are looking for at invest@bostonwest.com.au as I am experienced in JV’s with wraps (Instalment Contracts) and a close business associate is very experienced in reno. If you want to be considered as a money partner the shot me an email.

Regards,

Jason Moore

Darren,

I am of the same opinion as yourself and are looking for buyers with healthy deposits. In Queensland it is essential to get healthy deposits as we have to wait 1 years to get access to the $7,000 FHOG. Funny enough I put 3 people into property this time last year and they are now eligible for the FHOG ….. awesome!!!!! …. Show me the…[Read more]

Darren,

I use to use a similar company, but I still have to do all the administration work etc. The thing I do not like about those companies is that they take of money any day in the previous week and only dispurse it to you on the following Tuesday or Wednesday. As most of my people get paid at various times of the, if one of my buyers pays…[Read more]

Davlyn,

Great question you ask … Most people who wrap do the paperwork themselves and look for an all emcompassing software solution to manage their properties for them … and you can pay big money $2,000 – $3,000 to get them.

I have wrapped 10 properties and one thing I HATE is the paperwork and administration that comes with it. Therefore…[Read more]

Hi Guys,

I am always interested in hearing from people who run ads and get such a high response rate as I am always reviewing and testing new ad copy.

The issue that I have is that it is not very time effective talking to 60 “want to buy a home” if only 2-3 have the deposit to quality. Talking to 60 buyers will take say 3 mins each x 60 people.…[Read more]

Well Andrew,

I am about the tenth person to congradulate you for doing your first property. I guess one very great relief for you the not having to do the drive time (3 hour around trip) to do open houses …. that was the relief I got when I wrapped a property in Toowoomba.

Currently, I have teamed up with a person to do quick cash and reno…[Read more]

AD,

Are you going …. if you are that will be fantastic as I will see you there. I am really looking forward to the seminar as I want to network and get a better understanding to the property strategy I current do not use being lease options and renos.

Regards,

Jason Moore

Hi Gianni,

I use this copy in my Ads

“SICK OF RENTING?”
Homeownership Made Easy

* No Bank Qualifying
* Low Weekly Repayments
* Seller Will Finance
* Low Deposits
* Bad Credit OK
* Fast Approvals

Easy Qualifying … Won’t Last … Act TODAY!

Call xxxxx on (xx) xxxx xxxx

I hope this helps give you some ideas.

Regards,

Jason Moore

Hi Bruce,

Just out of interest ….. The 60 people who responded to you newspaper advertisements …. how many of them had healthy deposit say $4,000 plus?(not counting the $7,000 FHOG)

Look forward to yhearing your response.

Regards,

Jason Moore

Hi Matt,

Great to see that you are venturing into the world of vendor financing in Queensland. The great aspect about Queensland is that your entry price (House Prices) are considerably cheaper than our southern counterparts ….. however the big big bonus for them is that the get the $7,000 FHOG upfront where in Queensland we/buyers have to…[Read more]

ad call me on 07 3325 4000 tonight and lets catch up.

Jason Moore

Nessie,

Sounds fantastic that you are ready to venture into the wrapping world. My only thought is that you look at properties closer to home if you can.

Being a newbie …. you will need to spend a bite of time in the area that you are going to wrap in knowing the area, talking to people agents etc …. and you will get sick of the driving ……[Read more]

Tara,

Understand that there are always good deals out there you just have to be patience and diligent and wait for the deals to come across your path the more you look.

I had a vendor (seller) who did the same thing as what you have experienced. It was a 4bed brick home for initial agreed $89K … When I went to sign the contract the price had…[Read more]

Hi Rie,

You must ask yourself the question ….. How do the brokers make their money? … by writing more and more loans. By getting a line of credit they only get to write 1 loan with you depending on how you use it …. quick cash deals are great for LOC. If you use a line of credit you can property trade (buy 85% below the maket and sell at…[Read more]