Ok

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 you … I am a doer and would rather invest my time making the money doing the deals rather than spend all my time talking about it.

I have invested my time in researching how a business man in my local area has done over 500 residential property transactions within an 8 year time period and at the moment are just mirroring how he did it … not too many people know of him and that is the way he likes it and yes he did it ethically.

I have done 60+ property transactions and have spent over 9 months researching and testing marketing the nothing down concept … with the massive amount of time & money that I invested in it. I will not tell you how I do it, just that it can be done with a dollar.

Regard,

The Property Trader

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 paying 17%. Everyone is feeling the pinch.

[2] I will be out their trying to acquire control over as much property as I can get my handes on.

Acction:

[Contingency 1] I would have approached my buyers and get them to lock in the interest at a point in time where the payments would be managable.

[Contingency 2] Get the homebuyer to refinance into a cheaper loan.

[Contingency 3] For a period of time (2 years) removed the 2% interest premium.

[Contingency 4] Extent their loan out from 25 to 30 years to reduce their repayment.

[Contingency 5] Takeback the property and rent it out.

Managing the down side and being a problem solver is the key.

That my 10 cents worth.

Regards,

Jason Moore
[email protected]

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, second mortgage or buy and hold etc) that is the most viable option at that point in time.

I currently specialise in second mortgages and instalment contract and are up to my 20th property. I might joint venture with others to do renovations etc if I do not have the expertise at the time.

My Thoughts ….

Robert K. is my main mentor and like his board game “Cashflow 101”, you start and cut your teeth on the small deals (learning experiences – mistakes are only small financial loses and do not wipe you out of the game while you are learning) so that you know what to do when the big deals come along.

I believe that you should not start investing by placing all your money on just one bet/investment. If I could purchase $240K worth of property, I personally would rather by four $60K properties as a learning experience than buy one $240K property.

I am trying to model myself of an individual who operates in the lower end of the market $60K – $80K properties and has acquired over 500 positively gear properties …. He has results and his technique is simple …. why reinvent the wheel.

By being in the real estate game and starting off doing the small deals you gain confidence, you gain tremedious knowledge and get to meet very interesting successful property investors.

And one very important thing you get offerred the deal of a lifetime ….. to joint venture in a deal to bulk purchase 75 properties for $50K each … most of them will be second mortgaged, some will be instalment contracted and others will be buy and holds. By starting off with the small deal, when the big deal comes it is just a magification of the small deal …. Better yet … [1] The properties will be given to me … [2] I do not have to sell them [3] I do not have to property manage them [4] I do not have to personally financially fund them ….. All I have to contribute is my technical knowhow and the systems that I have.

This has all come about by understanding what the guy with 600 properties has done and simple copying it … he has results, he operates in the lower end of the property market, hes wealth and it works.

One must adapt to the environment in which it exist in or you will become extinct.

Some of you are saying ….
1. What happens if interests rates go up?
2. You need tenants to make it work?
3. What happens when the market crashes?

You need to know your game plan when things go wrong and manage them effectively …. by being a PROBLEM SOLVER … you can make money whre other would lose money.

Well … well … well, that my ten cents worth ….

Regards,

Jason Moore
[email protected]

Hi Tony,

Shot me an email expressing what you are looking for at [email protected] 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 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 weekly on a Monday, under the Ezypay system I would have to wait a week and a half to recieve it. Not too crash hot!

Under the arrangement I have with the real estate agent, the money is direct debited the day prior and it is in their trust account the next day. Simple! Also using the agent, buyers feel the personal touch and not a number as they would with Ezypay. I want my buyers to give me tonnes of property and homebuyer leads in their local area and a friendly environment tends to promote it.

Also I now have access to the real estate agents 140 rent roll that I can do a monthly mailout to and I get first pick at the best deals they get and the agent says to the vendors when she lists properties “We can put it on the market for $100,000. However, if you need a quick sale and no hassles I have someone who will sign the contract today for $85,000, do you want me to call him”.

In the end, that is the way I like to operate.

Regards,

Jason Moore

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. That is 3 hours of call normally between the hours of 6pm – 8pm at night not including call backs etc.

My goal is to generate as many leads as possible and I would love if off one ad I got 100 enquiries, however I pay someone else who loves talk to people to prescreen and qualify the calls, so that I am only really talking to the 5 people who qualify with good deposits who can do something today. That is using my time effectively. She also fields all my calls from real estate agents and vendors as well regarding properties to buy.

Well that is my 2 cents worth.

Regards,

Jason Moore

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 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

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

Jason Moore